[Kictanet] [Fibre-for-africa] Whats i have being talking of asa public private partnership in ownership of the criticalinfrastructur

Tue Nov 28 19:59:47 EAT 2006

Hi Eric 

The Kenya money market is on a bull run and the  tragedy of African lakes is
long forgotten in the rush  make money in the  NSE. The government has
advertised for a lead financial arranger and the EOI was closing on Nov 8 to
package local funding for TEAMs. To raise the USD80 M is a done deal. Note
also that the three East African stock markets have now partnered to cross
list shares - thus it will be easy to raise cash for Teams across the region

The sweeter part is that the government is tendering for close to 4300 Km of
fibre to go deep into the villages. EOI closes on Dec 15th 

 With 2+1 submarine fibres,  3000 km national backbone fibre , 4300 km rural
fibre , 500 km metropolitan rings  in under  20 months - Kenya will be the
most lighted country in SSA outside South Africa!!  A leap of faith after
the dark days of monopoly

Cheers 

Muriuki Mureithi

---------------------------------------

Summit Strategies Ltd  - 

Strategic   support in infocommunication  business 

ICT Consultancy  &  Research in  Eastern & Central African markets  

Contacts : Tel  +254 (20) 3875824 , Cell + 254 (722) 520090, email:
<mailto:mureithi at summitstrategies.co.ke> mureithi at summitstrategies.co.ke 

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From: kictanet-bounces+mureithi=summitstrategies.co.ke at kictanet.or.ke
[mailto:kictanet-bounces+mureithi=summitstrategies.co.ke at kictanet.or.ke] On
Behalf Of Eric Osiakwan
Sent: 28 November 2006 13:49
To: mureithi at summitstrategies.co.ke
Cc: Kenya ICT Policy - kictanet; Discuss at afrispa.org
Subject: Re: [Kictanet] [Fibre-for-africa] Whats i have being talking of asa
public private partnership in ownership of the criticalinfrastructur

Bill, thanks for the information and links - much appreciated.

It means that either TEAMS or EASSy has a big opportunity to change the
story and status of technology stocks - another hsitoric dimension to the
whole excercise.

May be Safaricom or TK or Wananchi would do it first but the important
principle is not who makes it first but we must be sure it is DONE WELL and
sets a precedent for others to follow.

Eric here

On 28 Nov 2006, at 16:13, Bill Kagai wrote:

On 11/28/06, Eric Osiakwan <eric at afrispa.org> wrote:

Was African Lakes on NSE as well or only on LSE?

Yeah.
African Lakes was cross-listed at the NSE in March 2000 and was branded as
the first Kenyan IPO but did not live to expectations. 
The company issued 4 million shares at Kshs 94.50 each and as a result
secured a secondary listing in the NSE. See http://www.nse.co.ke/History.htm

The company then tried raising extra equity but that did not stop its demise
leaving the 'technology companies' seriously contemplating the next
direction to take in the stock market. See Issue No. 157 on balancing act.
http://www.balancingact-africa.com/news/back/balancing-act_157.html

We now have Safaricom, Telkom (K) and Wananchi having indicated to test the
waters soon. 

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