Celtel wins International Finance Corporation Client Leadership Award.Leading Pan African mobile telecommunications group Celtel International is the recipient of the inaugural International Finance Corporation Client Leadership Award. The award, which was presented to the group last month, seeks to recognize leading corporate clients that, in line with IFC's mission, have made a significant contribution to sustainable development Sustainable development is a socio-ecological process characterized by the fulfilment of human needs while maintaining the quality of the natural environment indefinitely. The linkage between environment and development was globally recognized in 1980, when the International Union . [ILLUSTRATION OMITTED] Celtel provides reliable and affordable cellular services to facilitate communication and business within Africa and with the rest of the world. Speaking during the presentation of the award, IFC (Internet Foundation Classes) A class library from Netscape that provides an application framework and graphical user interface (GUI) routines for Java programmers. IFC was later made part of the Java Foundation Classes (JFC). See JFC, AFC and AWT. See also ICF. Executive Vice President Peter Woicke said, "We want to use this award to put a spotlight on a company in the emerging markets that fully endorses the values that we support and that goes beyond corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. , environmental practices or socio-economic development." Founded in 1998 by African entrepreneur Dr Mohamed Ibrahim, Celtel operates in thirteen sub Saharan countries, where it has a consolidated subscriber base in excess of 4.4 million. Commenting on the receipt of the IFC award, Dr Ibrahim said Ibrahim Said (Arabic: ابراهيم سعيد) (born October 16 1979) is Egyptian football (soccer) player, who plays for Ankaraspor in Turkey. , "We are absolutely delighted to receive this award. IFC has been a great partner in helping us build a sustainable business A business is sustainable if it has adapted its practices for the use of renewable resources and holds itself accountable for the environmental and human rights impacts of its activities. , delivering affordable telecommunications services to Africa. We hope to continue this valuable relationship with IFC as we continue to grow." IFC's relationship with Celtel began with a 1994 investment in Celtel Uganda, one of the group's first operating companies. IFC has since invested in the holding company and in three other Celtel operation subsidiaries, most recently in the Democratic Republic of Congo and Zambia. These investments have helped modernize networks and increase mobile telephone penetration rates. They have also encouraged competition, which has led to lower tariffs and increased local private participation in the telecommunications sector. Celtel has achieved its business goals while committing to strong corporate governance and the betterment bet·ter·ment n. 1. An improvement over what has been the case: financial betterment. 2. Law An improvement beyond normal upkeep and repair that adds to the value of real property. of local communities. Operating in some of the world's most difficult markets, Celtel prides itself on the transparent dealings and on promoting the highest standards of ethics and integrity. Celtel has helped improve health and education by refurbishing schools and health centers, providing scholarships, supporting programmes for athletes and the physically challenged physically challenged adj. Having a physical disability or impairment, especially one that limits mobility. See Usage Note at challenged. n. (used with a pl. , and sponsoring the Africa Education Journalism Award. The mission of IFC is to promote sustainable private sector investment in developing countries, helping to reduce poverty and improve people's lives. IFC finances private sector investments in the developing world, mobilizes capital in the international financial markets, helps clients improve social and environment sustainability and provides technical assistance and advice to governments and businesses. Celtel International has in recent months achieved significant milestones, placing it at the pinnacle of Africa's mobile telecommunications arena. Early this month, Celtel scored a first in launching the East African Adj. 1. East African - of or relating to or located in East Africa region's first and only mobile telecommunications platform. The group, which in May 2004 acquired a controlling stake in KenCell Communications, inaugurated its operations in Kenya symbolizing Celtel's presence across the three East African countries under one banner. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Celtel International Chief Executive Officer Marten marten, name for carnivorous, largely arboreal mammals (genus Martes) of the weasel family, widely distributed in North America, Europe, and central Asia. Martens are larger, heavier-bodied animals than weasels, with thick fur and bushy tails. Pieters, Africa remains a fast growing market for mobile communications, albeit a fragmented and challenging one. RELATED ARTICLE: Celtel operates in 13 countries in Africa [GRAPHIC OMITTED] Burkina Faso Burkina Faso (burkē`nə fä`sō), republic (2005 est. pop. 13,925,000), 105,869 sq mi (274,200 sq km), W Africa. It borders on Mali in the west and north, on Niger in the northeast, on Benin in the southeast, and on Togo, Ghana, and Congo-Brazzaville Gabon Kenya Malawi Niger Republique Democratique du Congo Sierra Leone Sierra Leone (sēĕr`ə lēō`nē, lēōn`; sēr`ə lēōn), officially Republic of Sierra Leone, republic (2005 est. pop. 6,018,000), 27,699 sq mi (71,740 sq km), W Africa. Sudan Tanzania Tchad Uganda Zambia RELATED ARTICLE: Celtel at a glance * Commenced operations in Uganda in 1998 as a mobile service provider * Operates the largest contiguous mobile network in Africa across 13 countries * Employs more than 5,000 people across Africa * Has since its inception invested in the development of telecommunications infrastructure in Africa * Recipient of the inaugural IFC Client Leadership Award www.celtel.com |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion