<HTML><BODY style="word-wrap: break-word; -khtml-nbsp-mode: space; -khtml-line-break: after-white-space; "><DIV>Bill, thanks for the information and links - much appreciated.</DIV><DIV><BR class="khtml-block-placeholder"></DIV><DIV>It means that either TEAMS or EASSy has a big opportunity to change the story and status of technology stocks - another hsitoric dimension to the whole excercise.</DIV><DIV><BR class="khtml-block-placeholder"></DIV><DIV>May be Safaricom or TK or Wananchi would do it first but the important principle is not who makes it first but we must be sure it is DONE WELL and sets a precedent for others to follow.</DIV><DIV><BR class="khtml-block-placeholder"></DIV><DIV>Eric here</DIV><DIV><BR class="khtml-block-placeholder"></DIV><BR><DIV><DIV>On 28 Nov 2006, at 16:13, Bill Kagai wrote:</DIV><BR class="Apple-interchange-newline"><BLOCKQUOTE type="cite"><BR><DIV><SPAN class="gmail_quote">On 11/28/06, <B class="gmail_sendername">Eric Osiakwan</B> <<A href="mailto:eric@afrispa.org">eric@afrispa.org</A>> wrote:</SPAN><BLOCKQUOTE class="gmail_quote" style="border-left: 1px solid rgb(204, 204, 204); margin: 0pt 0pt 0pt 0.8ex; padding-left: 1ex;"> <DIV style="">Was African Lakes on NSE as well or only on LSE?<DIV><BR></DIV></DIV></BLOCKQUOTE></DIV><BR>Yeah.<BR>African Lakes was cross-listed at the NSE in March 2000 and was branded as the first Kenyan IPO but did not live to expectations. <BR>The company issued 4 million shares at Kshs 94.50 each and as a result secured a secondary listing in the NSE. See <A href="http://www.nse.co.ke/History.htm">http://www.nse.co.ke/History.htm</A><BR><BR>The company then tried raising extra equity but that did not stop its demise leaving the 'technology companies' seriously contemplating the next direction to take in the stock market. See Issue No. 157 on balancing act. <A href="http://www.balancingact-africa.com/news/back/balancing-act_157.html">http://www.balancingact-africa.com/news/back/balancing-act_157.html</A><BR><BR>We now have Safaricom, Telkom (K) and Wananchi having indicated to test the waters soon. <BR><BR><BR><BR><BR>--<BR>With Kind Regards,<BR>Bildad Kagai<BR>MD - Circuits & Packets Communications Ltd<BR>Content & Training Partner - JKUAT E-Government Academy<BR>Suite B2, Tetu Apartments, State House Avenue <BR>P. O. Box 20311 - 00200<BR>Nairobi, Kenya<BR>Tel. 254 20 2728332<BR>Fax. 254 20 2726965<BR>Cell. 254 724 226600<BR>URL. <A href="http://www.circuitspackets.co.ke">www.circuitspackets.co.ke</A><BR>URL. <A href="http://www.JKUATEgovAcademy.ac.ke"> www.JKUATEgovAcademy.ac.ke</A><DIV style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; ">_______________________________________________</DIV><DIV style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; ">Fibre-for-africa mailing list</DIV><DIV style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; "><A href="mailto:Fibre-for-africa@lists.apc.org">Fibre-for-africa@lists.apc.org</A></DIV><DIV style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; "><A href="http://lists.apc.org/cgi-bin/mailman/listinfo/fibre-for-africa">http://lists.apc.org/cgi-bin/mailman/listinfo/fibre-for-africa</A></DIV> </BLOCKQUOTE></DIV><BR><DIV> <SPAN class="Apple-style-span" style="border-collapse: separate; border-spacing: 0px 0px; color: rgb(0, 0, 0); font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-align: auto; -khtml-text-decorations-in-effect: none; text-indent: 0px; -apple-text-size-adjust: auto; text-transform: none; orphans: 2; white-space: normal; widows: 2; word-spacing: 0px; "><SPAN class="Apple-style-span" style="border-collapse: separate; border-spacing: 0px 0px; color: rgb(0, 0, 0); font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-align: auto; -khtml-text-decorations-in-effect: none; text-indent: 0px; -apple-text-size-adjust: auto; text-transform: none; orphans: 2; white-space: normal; widows: 2; word-spacing: 0px; "><DIV style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 20px; ">Eric M.K Osiakwan</DIV><DIV style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 20px; ">Executive Secretary</DIV><DIV style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 20px; ">AfrISPA (<A href="http://www.afrispa.org">www.afrispa.org</A>)</DIV><DIV style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 20px; ">Tel: + 233.21.258800</DIV><DIV style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 20px; ">Fax: + 233.21.258811</DIV><DIV style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 20px; ">Cell: + 233.244.386792</DIV><DIV style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 20px; ">Handle: eosiakwan</DIV><DIV style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 20px; ">Snail Mail: Pmb 208, Accra-North</DIV><DIV style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 20px; ">Office: BusyInternet - 42 Ring Road Central, Accra-North</DIV><DIV style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 20px; ">Blog: <A href="http://blogs.law.harvard.edu/eric/">http://blogs.law.harvard.edu/eric/</A></DIV><DIV style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 20px; ">Slang: "Tomorrow Now"</DIV><DIV><BR class="khtml-block-placeholder"></DIV><DIV><BR class="khtml-block-placeholder"></DIV><BR class="Apple-interchange-newline"></SPAN></SPAN> </DIV><BR></BODY></HTML>