Kasapa's MD Resigns

The managing director of Ghanaian mobile operator Kasapa Telecom, Bob Palitz, is stepping down from the role after nine years in office. In an interview with local press agency Joy Online, Mr Palitz said he believed he had contributed his quota to the company and that it is time to move on. The resignation comes approximately 18 months after Kasapa was acquired by Dubai-based Expresso Telecoms.

‘I’m getting on…and looking for new challenges and I know that the incredible team of Ghanaian managers and staff, some of whom were already there, some of whom joined us after I came [to] Kasapa, know the meaning of operating with integrity and transparently and professionally and I have every confidence they would continue to do that regardless of what happens after I have gone,’ Palitz said.

The announcement was made less than a week after Palitz’s firm reported success in the long-running Kludjeson court appeal. On 4 February Kasapa issued a press release noting that the Court of Appeal had reversed, by a unanimous decision, the 25 April 2007 ruling of the Accra Fast Track High Court, in the case of Kludjeson International Limited versus Robert N. Palitz, Lung Hien Ching (Kasapa’s former CFO), Trustee Services Limited (Kasapa’s former company secretary) and the Attorney General. The court awarded costs to each of the first three defendants.