Author Question: In a short essay, describe how the African MNE Celtel helped improve the conditions for millions of ... (Read 38 times)

ghost! · **on:** Jul 7, 2018

In a short essay, describe how the African MNE Celtel helped improve the conditions for millions of people and businesses around Africa

What will be an ideal response?

Question 2

Which of the following is characteristic of the fixed exchange rate system?

A) utilized by most advanced economies
B) rates based on supply and demand forces
C) value of currency is set relative to the value of another
D) allows for monetary policy flexibility

1_Step_At_ATime · **Reply #1 on:** Jul 7, 2018

Answer to Question 1

The African MNE Celtel is a leading exemplar. Africa is one of the world's most underserved telecommunications markets. To address pent-up demand, African native Mo Ibrahim launched Celtel, a mobile communications company. Ibrahim had to design, build, and operate phone systems in countries with antiquated or nonexistent infrastructure-including poor roads, as well as scarce electricity, water and other utilities. Celtel developed a plan to deal with corruption. The firm built schools and clinics, trained local staff, and provided health insurance to employees. Because customers lacked access to modern payment methods, Celtel developed a system of cheap, prepaid phone cards. Today Celtel provides mobile phone services in more than 15 African countries, including Uganda, Malawi, Gabon, and Sierra Leone. Ibrahim's firm has proven enormously profitable. While enjoying huge success, he has dramatically improved conditions for millions of people and businesses around Africa.

Answer to Question 2

C