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Upwardly Mobile In Africa

Author: BusinessWeek, Published on: 24 September 2007

These days, just about every tradesman, shopkeeper, and farmer in [Muruguru, Kenya] has a phone—or at least access to one... To the astonishment of the industry, people living on a few dollars a day have proven avid phone users, and in many parts of the world cellular airtime has become a de facto currency. The reason is simple: A mobile phone can dramatically improve living standards... [refers to Millicom International Cellular, Safaricom, Vodafone, MTN, Grameen Bank/Grameen Phone, Nokia, Nokia Siemens (joint venture Nokia & Siemens)]

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Related companies: Grameen Bank Millicom MTN Nokia Safaricom Siemens Vodafone