<HTML><BODY style="word-wrap: break-word; -khtml-nbsp-mode: space; -khtml-line-break: after-white-space; "><DIV>Thanks for the feed-in, Bill.</DIV><DIV><BR class="khtml-block-placeholder"></DIV><DIV>You raise a very genuine and important concern, which is how would the populace react to an IT stock which they are not familiar with given the track record of similar stocks?</DIV><DIV><BR class="khtml-block-placeholder"></DIV><DIV>Was African Lakes on NSE as well or only on LSE?</DIV><DIV><BR class="khtml-block-placeholder"></DIV><DIV>Eric here</DIV><DIV><BR class="khtml-block-placeholder"></DIV><DIV><BR class="khtml-block-placeholder"></DIV><BR><DIV><DIV>On 28 Nov 2006, at 15:38, Bill Kagai wrote:</DIV><BR class="Apple-interchange-newline"><BLOCKQUOTE type="cite"><BR>Trading in one stock exchange does not complicate matters because institutional/foreign investors can still buy shares through the NSE. One good thing is that the NSE is the dominat exchange in EA with 51 listed companies and 3 or so cross listed in Dar and Kampala. <BR><BR>Kampala has only 8 quoted companies and about a similar number in Dar which will soon be trading under one exchange in a couple opf years.<BR><BR>The other interesting challenge will be how the stock is embraced considering that the only IT stock ever listed (African Lakes) collapsed after a while, whilst the anticipated Wananchi IPO has not taken off yet. Basically, we are yet to see how the market will react to IT related stocks. See the following links on the pilot <A href="http://stock-detective.co.ke">stock-detective.co.ke</A> website we have been developing.<BR><BR><A href="http://www.stock-detective.co.ke">http://www.stock-detective.co.ke</A><BR><BR>and also on a discussion posted regarding Telkom upcoming listing.. <BR><BR><A href="http://www.stock-detective.co.ke/public-discussion-forum/public-discussion-forum/post200609202612783179">http://www.stock-detective.co.ke/public-discussion-forum/public-discussion-forum/post200609202612783179 </A><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>