[Kictanet] Fwd: [Stock-Detective News] Investing in the Teams Project

[Bill Kagai]

---------- Forwarded message ----------
From: info at circuitspackets.co.ke <info at circuitspackets.co.ke>
Date: Nov 29, 2006 12:01 PM
Subject: [Stock-Detective News] Investing in the Teams Project
To: news at stock-detective.co.ke

Posted by Admin on www.stock-detective.co.ke

Investing in the Teams Project

On 6th November, 2006, the Government of Kenya through the Communications
Commission of Kenya (CCK) advertised an 'Expression of Interest' (EOI) for
a 'Lead Financial Arranger' for the 'East Africa Marine System' (TEAMS)
project. The EOI further read that ICT sector growth is limited by
inadequate international connectivity and over-reliance on expensive
satellite connectivity. After exploring other international connectivity
alternatives with no tangible results realized to date, the situation
compelled the Government to consider facilitating the construction of a
submarine cable system with a landing port in Mombasa to be established
through a special purpose vehicle (SPV). The 'Lead Financial Arranger' is
thus required to facilitate an elaborate financing mechanism for this
project.

On 18th November 2006, the Government announced that Telkom Kenya had
signed a Sh5.7 billion pact with Etisalat of Dubai paving the way for the
construction of an undersea cable linking Mombasa to Fujairah in the
United Arab Emirates. The construction and supply contract will be awarded
early next year and the project, dubbed The East African Marine System
(Teams), will be ready by November, according to a joint statement issued
by both parties from Dubai.  Kenya will have a 40 per cent holding in the
project, Etisalat 20 and the remaining will go to investors in the East
African region.

There is no doubt that this will be a good investment with good returns
for those who invest in the Teams project. The project will also open up
opportunities such as business process outsourcing and electronic commerce
for other sectors such as tourism.

A significant chunk of the financing is expected to be realized through
the stock market making it a first where capital to finance a project is
generated from the investing public. As part of our 'Intelligent Investor
Series' we invite you to submit your comments by clicking on the comment
button on the home page of www.stock-detective.co.ke . We would like to
know your opinion on the project and the fundamentals that might compel
you to put in funds in this kind of a venture. The Stock-Detective will
then develop a comprehensive report that will be shared on this website.

www.stock-detective.co.ke

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-- 
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With Kind Regards,
Bildad Kagai
MD - Circuits & Packets Communications Ltd
Content & Training Partner - JKUAT E-Government Academy
Suite B2, Tetu Apartments, State House Avenue
P. O. Box 20311 - 00200
Nairobi, Kenya
Tel. 254 20 2728332
Fax. 254 20 2726965
Cell. 254 724 226600
URL. www.circuitspackets.co.ke
URL. www.JKUATEgovAcademy.ac.ke
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