[kictanet] [kicktanet] Key ICT Sector Takeaways from 2016/17 Kenya Budget

[John Kieti]

Good summary Martin and thanks CS for clarification.

I may have missed the news so am wondering if anyone can explain the move
by Government to invest further in Telkom Kenya. I thought we were
divesting from Telcos so the increased cash outlay to Telkom Kenya came as
a surprise.

Best.

On Sun, Jun 12, 2016 at 4:33 PM, Joseph Mucheru via kictanet <
kictanet at lists.kictanet.or.ke> wrote:

> Hi Martin,
>
> I have two clarifications for you.
>
> 1: Laptop project got the full allocation, we used some of the 17bn this
> financial year (15/16) hence the balance in 16/17 is less.
>
> 2: We bought an extra 10% shareholding in TKL for Kes 1/- and further we
> bought 40% of the debt TKL owed orange (about Kes 30bn) for another kes
> 1/-. Meaning in the TKL balance sheet, they owe GoK about 12bn. 40% of the
> 30bn shareholder loan. Balance is owed to Jamuhuru Holdings which is 100%
> owned by Helios Fund III
>
> Thanks
> On Jun 10, 2016 8:19 AM, "Martin Gicheru via kictanet" <
> kictanet at lists.kictanet.or.ke> wrote:
>
> What does the 2016 Kenya budget have for the ICT sector? Here is what we
> picked
> <http://www.techweez.com/2016/06/09/ict-sector-kenya-201617-budget/>.
>
> Regards,
> Martin Gicheru
>
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> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform
> for people and institutions interested and involved in ICT policy and
> regulation. The network aims to act as a catalyst for reform in the ICT
> sector in support of the national aim of ICT enabled growth and development.
>
> KICTANetiquette : Adhere to the same standards of acceptable behaviors
> online that you follow in real life: respect people's times and bandwidth,
> share knowledge, don't flame or abuse or personalize, respect privacy, do
> not spam, do not market your wares or qualifications.
>



-- 

John Kieti
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The ordinary just won't do
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