[kictanet] How much is Telkom Kenya really worth? MPs say Kenya lost Sh30bn in Telkom deal

[Brian Munyao Longwe]

Hi Ali,

This is a complex argument with many sides.

In my honest opinion I think Kenya should do what Rwanda did. Take the
bitter medicine and kick out the "strategic investors" who continue to
bleed the company with expensive expatriate salaries, fat expense accounts,
exorbitant "management fees" and poor decision making and look for local
solutions. As it is, the investors have failed miserably to deliver on the
promises that won them the deal in the first place.

Read more about Rwanda's experiences here:
http://en.igihe.com/news/the-collapse-of-rwandatel-what-went-wrong

Best regards,

Brian


On Wed, Aug 28, 2013 at 4:55 AM, Ali Hussein <ali at hussein.me.ke> wrote:

> Listers
>
> The Telkom Kenya saga continues to 'fascinate'
>
>
> http://www.businessdailyafrica.com/MPs+say+Kenya+lost+Sh30+billion+in+Telkom+deal+/-/539546/1970470/-/item/0/-/cfsw31/-/index.html
>
> Should the government continue to throw good money after bad? Or should we
> cut our losses and let management/new owners sort out the mess?
>
> What are these strategic assets that continue to remain in Telkom Kenya?
>
> My take is that the government is doing the right thing by stopping to
> send more money to the hemorrhaging former giant.
>
> Ali Hussein
> CEO | 3mice interactive media Ltd
> Principal | Telemedia Africa Ltd
>
> +254 713 601113/ 0770 906375
>
> "The future belongs to him who knows how to wait." - Russian Proverb
>
> Sent from my iPad
>
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