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

[Ali Hussein]

This makes sense. And the clarification from CS Mucheru is very welcome. I'd also add that Helios is a well healed Fund and they wouldn't be putting investors' money if they didn't think they could get a return on it. 

One of the more successful investments they made in the country was in Equity Bank.

Ali Hussein
Principal
Hussein & Associates
+254 0713 601113 

Twitter: @AliHKassim
Skype: abu-jomo
LinkedIn: http://ke.linkedin.com/in/alihkassim


"Discovery consists in seeing what everyone else has seen and thinking what no one else has thought".  ~ Albert Szent-Györgyi

Sent from my iPad

> On 12 Jun 2016, at 11:49 PM, Joseph Mucheru via kictanet <kictanet at lists.kictanet.or.ke> wrote:
> 
> John, 
> 
> We spent 2/- (two kenya shillings) to get an extra 10% shareholding and 40% of the debt TKL owes. Whether TKL is able to recover remains to be seen (Am optimistic it will and so are Helios). Key point is we have given the company a chance to improve its fortunes. You are right we should be divesting but not a loss.
> 
> thanks
> 
>> On Sun, Jun 12, 2016 at 11:00 PM, John Kieti <jkieti at gmail.com> wrote:
>> 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.
>>> 
>>> Regards, 
>>> Martin Gicheru
>>> 
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>>> 
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>> 
>> 
>> 
>> -- 
>> 
>> John Kieti
>> Phone: +254-735-764242 // +254-722-764242
>> Twitter: @johnKieti // Skype:  jkieti
>> Blog: gmeltdown.com // LinkedIn: https://ke.linkedin.com/in/kieti
>> 
>> The ordinary just won't do
> 
> 
> 
> -- 
> Joseph Mucheru M.B.S
> +254722522135
> 
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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.
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