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

Mon Jun 13 08:00:31 EAT 2016

Ahmed

To help CS visit:-

http://www.konzacity.go.ke

I think a number of commitments for investments have been made. Latest is the Korean one where they are committing to invest in a University and research center.

Ultimately though this will be a combination savvy tech and real estate investments.

Regards

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 13 Jun 2016, at 5:53 AM, Ahmed Mohamed Maawy <ultimateprogramer at gmail.com> wrote:
> 
> Just a question. The Konza City project. Any other stakeholders still willing to invest apart from GoK? Or rather what would be the significance of the key items for Konza that we may be embarking on bwana Mucheru?
> 
>> On Mon, Jun 13, 2016 at 4:46 AM, Ali Hussein via kictanet <kictanet at lists.kictanet.or.ke> wrote:
>> 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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>>>>> 
>>>>> 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.
>>>>> 
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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
>>>> 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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>>> Unsubscribe or change your options at https://lists.kictanet.or.ke/mailman/options/kictanet/info%40alyhussein.com
>>> 
>>> 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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>> Unsubscribe or change your options at https://lists.kictanet.or.ke/mailman/options/kictanet/ultimateprogramer%40gmail.com
>> 
>> 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.
> 
> 
> 
> -- 
> Ahmed Maawy
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