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

Martin Gicheru martingicheru at gmail.com
Mon Jun 13 08:20:02 EAT 2016


Morning Mr. Mucheru,

Thank you for the clarification. The Kshs 1 was quite hard to believe. I
also thank members for the great feedback.

Regards,
Martin Gicheru,
Managing Editor, Techweez

On Mon, Jun 13, 2016 at 8:00 AM, Ali Hussein via kictanet <
kictanet at lists.kictanet.or.ke> wrote:

> 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
>>>> <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
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>>>
>>>
>>>
>>> --
>>>
>>> John Kieti
>>> Phone: +254-735-764242 // +254-722-764242
>>> Twitter: @johnKieti // Skype:  jkieti
>>> Blog: gmeltdown.com <http://www.gmeltdown.com> // LinkedIn:
>>> https://ke.linkedin.com/in/*kieti* <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
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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.
>>
>
>
>
> --
> *Ahmed Maawy*
> Executive Director - SwahiliBox / M-Power (CBO)
> Curator - Global Shapers Mombasa Hub
> Ambassador - Open Knowledge
> Director - Startup Grind Mombasa
> Software Developer - AJ+ / EveryLayer
> (KE) +254 714 960 627
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>
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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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