The Kuwaiti-based Zain Group, which operates in 22 countries in Africa and the Middle East, reported that its revenues rose 26% to $7.4 billion (Sh584 billion) in the year ended 2008 on increased customer numbers.  Moreover, according to CEO Saad Al-Barrack, the company’s stout finances allow it to actively pursue further acquisitions, given that “valuations of many prime telecom assets are considerably lower than they were just six months ago.”

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