[kictanet] Fwd: PS Ndemo, ECONET Scandal aand Vested Interests

Thu Oct 16 23:39:50 EAT 2008

Joe,

UAE is an example of managed FDI that enhances economic growth while
ensuring direct benefits for its local investors and citizens. They
create incentives for international investors (and local investors
too), but manage it to ensure direct local benefits that is largely
skewed to local beneficiaries. In some cases, it's abit extreme (and
encourages absentee/ghost investors), but in general ensures locals
benefit.

what would be helpful here is drawing on FDI research and best
practice policies in this area to inform our debate and keep it
civil. I believe KICTANET or other parties can support an exercise to
quickly collate such knowledge to inform our discourse. I'm sure such
body of knowledge exists. 

Edith

>
>
>
>---- Original Message ----
>From: jmanthi at gmail.com
>To: eadera at idrc.or.ke
>Subject: Re: [kictanet] Fwd: PS Ndemo, ECONET Scandal aand Vested
>Interests
>Date: Wed, 15 Oct 2008 18:13:16 -0500
>
>>Edith,There are some useful lessons - but these lessons do not
>include:
>>
>>1. How to give away your national treasures - like bandwidth - to
>foreign
>>entities just because they say they can not do any business with
>local
>>entrepreneurs. In fact I know this for a fact, you would never get a
>license
>>to operate in UAE if this was your argument. Further to this lesson
>I would
>>like to point to these additional countries that would laugh you out
>of town
>>if you made that argument - US (some businesses like Airline,
>Military and
>>Defense, Telecommunications (not ISP), Radio & TV), India,
>Singapore,
>>Malaysia, Taiwan, Hong Kong, China, the whole of Middle East, South
>Africa,
>>Japan (especially Japan)
>>
>>2. How not be conned. Kenya seems to heading there with its eyes
>opened.
>>When a man approaches a woman, it would be a very stupid woman, who
>knowing
>>what a man is capable of, to accept the BS that the man is feeding
>her. And
>>if she does then she deserves what she gets. Kenya will get what it
>deserves
>>and very soon. A good example is Russia and its oligarchs - all
>members of
>>the Forbes Richest.
>>
>>3. Great leadership is necessary to grow a country. A leadership
>with
>>intestinal fortitude to say no under pressure. Top to bottom,
>>
>>4. That the local mwananchi can invest in their own country and
>manage its
>>growth
>>
>>5. That a great nation looks upon its diaspora to grow it - a la
>Israel and
>>India
>>
>>6. That a great nation does not wait to be raped twice - We seem to
>be
>>following a process that will guarantee our raping despite how
>Kenyan some
>>members of this committee think they are. Its just a matter of time
>before
>>they pick up their bags and leave. I really do not think that as a
>national
>>planner I should be putting my eggs in that basket.
>>
>>Joe
>>
>>On Wed, Oct 15, 2008 at 4:55 PM, <eadera at idrc.or.ke> wrote:
>>
>>> Anyone has taken the time to thoroughly study the secret behind
>>> Dubai's tremendous growth? (U.A.E in general). There are some
>useful
>>> lessons!
>>>
>>>
>>> >
>>> >---- Original Message ----
>>> >From: j.maina at ymail.com
>>> >To: eadera at idrc.or.ke
>>> >Subject: Re: [kictanet] Fwd:  PS Ndemo, ECONET Scandal aand
>Vested
>>> >Interests
>>> >Date: Wed, 15 Oct 2008 09:03:50 -0700 (PDT)
>>> >
>>> >>Lizette
>>> >>
>>> >>I think that you have racially inclined your mind.
>>> >>
>>> >>When did KENCALL directors become Kenyans? After getting good
>>> >friends to bribe their way to this country. And let me tell you
>that
>>> >the money the so called investors are using are Kenyan money not
>>> >money from foreign banks.
>>> >>
>>> >>They have come and borrowed from Kenyan banks. How much does the
>>> >most profitable telecomms companies leave in this country, very
>small
>>> >amount. We have Telecomms companies which are on their marks.
>They
>>> >have very inferior systems and dont actually deliver in service
>but
>>> >make billions and run away with the billions.
>>> >>
>>> >>Dada Lizette, we know that there are Kenyans who are white,
>black
>>> >coloured and all but know that I am a mixed race Kenyan and
>really
>>> >sad when our brotehrs have to suffer because of bad policies from
>>> >people like PS
>>> >>
>>> >>JM
>>> >>
>>> >>
>>> >>
>>> >>----- Original Message ----
>>> >>From: Lizette Kraft <lfkraft at gmail.com>
>>> >>To: j.maina at ymail.com
>>> >>Cc: KICTAnet ICT Policy Discussions
><kictanet at lists.kictanet.or.ke>
>>> >>Sent: Tuesday, October 14, 2008 1:52:07 PM
>>> >>Subject: [kictanet] Fwd:  PS Ndemo, ECONET Scandal aand Vested
>>> >Interests
>>> >>
>>> >>
>>> >>Just my two pennies worth here.
>>> >>
>>> >>Kenya is not an Island that it can survive on its own even
>through
>>> >local investment. Most times we dont have the funds. I do agree
>>> >though about the Government and banks not supporting local
>investors
>>> >with loans etc. They must start giving them the opportunity to
>setup
>>> >local expertise and turn them in money making ventures, if only
>they
>>> >wouldn't fleece their own companies.  Even America, the giant
>needs
>>> >investors!!! You all have a valid point but use it for the best
>>> >interests of Kenya and its people first and foremost. Not just
>self
>>> >interest for the few.  And by the way Kenyans come in all shapes,
>>> >sizes, COLOURS, and creed. So please don't generalise who is
>kenyan
>>> >and who is not!!!  Kencall directors and owners are Kenyan and
>not
>>> >outsiders if I understand correctly. When we are taxed whether
>>> >individually or coorporately, the money is used for Kenya and
>Kenyans
>>> >and not for outsiders who invested!  Forcing local partnership in
>>> >foreign owned companies has
>>> >> its negative and positive effects.
>>> >>This needs to be look at more seriously to make it a win-win
>>> >situation. It has been known in the past that foreign investors
>with
>>> >forced local partnership have been subjected to threats and
>>> >intimidation by the local partners when they wanted more than
>their
>>> >fare share, (given to them mind you). Thus the weariness o
>>> >>of being forced now. This does not attract any investor. But the
>>> >foreigners should not fleece the country either!
>>> >>
>>> >>Let us have some constructive critisism without being racially
>>> >inclined. Fight to make things right no matter what but without
>>> >pinpointing nationalities or colours of people.
>>> >>
>>> >>
>>> >>
>>> >>
>>> >>On 10/7/08, John Maina <j.maina at ymail.com> wrote:
>>> >>http://www.wananchiforums.com/showthread.php?p=3150#poest3150
>>> >>
>>> >>_______________________________________________
>>> >>kictanet mailing list
>>> >>kictanet at lists.kictanet.or.ke
>>> >>http://lists.kictanet.or.ke/mailman/listinfo/kictanet
>>> >>
>>> >>This message was sent to: lfkraft at gmail.com
>>> >>Unsubscribe or change your options at
>>>
>>http://lists.kictanet.or.ke/mailman/options/kictanet/lfkraft%40gmail
>.
>>> >com
>>> >>
>>> >>
>>> >>
>>> >>
>>> >>--
>>> >>Lizette Kraft
>>> >>P.O. Box 18488, 00500
>>> >>Nairobi, Kenya
>>> >>Cell: 0722-800362
>>> >>
>>> >>
>>> >>
>>>
>>>
>>>
>>> _______________________________________________
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>>
>>
>>
>>-- 
>>Joseph Manthi
>>CEO
>>MEO Ltd
>>http://www.meoltd.com
>>