Muriuki,<br><br>The concept is grand and strategically looks 'do-able'. But unlike previous public investment which has primarily been on 'blue-chips' such as Kengen, there has virtually been no public awareness in investing on projects that are not on the ground yet.
<br><br>Assuming that money will be generated for a future cable project without educating the investing public on the potential might prove costly if not disastrous. Frenzy at the moment surrounds anticipated listing of Safaricom, Mumias, Kenya Re and Telkom who are not looking for small cash.
<br><br>Nevertheless, we want to see these projects become successful. We will trigger an 'awareness campaign' to over 2000 institutional investors/brokers at the three markets who are in the stock-detective mailing list to hear their reactions. You can join the mailing list at
<a href="http://www.stock-detective.co.ke/newsletter">http://www.stock-detective.co.ke/newsletter</a><br><br>Cheers,<br>Bill<br><br><div><span class="gmail_quote">On 11/28/06, <b class="gmail_sendername">Muriuki Mureithi</b>
<<a href="mailto:mureithi@summitstrategies.co.ke">mureithi@summitstrategies.co.ke</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;">
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<p><font color="navy" face="Arial" size="2"><span style="font-size: 10pt; font-family: Arial; color: navy;">Hi Eric </span></font></p>
<p><font color="navy" face="Arial" size="2"><span style="font-size: 10pt; font-family: Arial; color: navy;">The Kenya money market is on a bull run
and the tragedy of African lakes is long forgotten in the rush make
money in the NSE. The government has advertised for a lead financial
arranger and the EOI was closing on Nov 8 to package local funding for TEAMs. To
raise the USD80 M is a done deal. Note also that the three East African stock
markets have now partnered to cross list shares – thus it will be easy to
raise cash for Teams across the region</span></font></p>
<p><font color="navy" face="Arial" size="2"><span style="font-size: 10pt; font-family: Arial; color: navy;"> </span></font></p>
<p><font color="navy" face="Arial" size="2"><span style="font-size: 10pt; font-family: Arial; color: navy;">The sweeter part is that the government is
tendering for close to 4300 Km of fibre to go deep into the villages. EOI
closes on Dec 15<sup>th</sup> </span></font></p>
<p><font color="navy" face="Arial" size="2"><span style="font-size: 10pt; font-family: Arial; color: navy;"> </span></font></p>
<p><font color="navy" face="Arial" size="2"><span style="font-size: 10pt; font-family: Arial; color: navy;"> With 2+1 submarine fibres,
3000 km national backbone fibre , 4300 km rural fibre , 500 km metropolitan
rings in under 20 months – Kenya
will be the most lighted country in SSA outside South Africa!! A leap of
faith after the dark days of monopoly</span></font></p>
<p><font color="navy" face="Arial" size="2"><span style="font-size: 10pt; font-family: Arial; color: navy;">Cheers </span></font></p>
<p><font color="navy" face="Arial" size="2"><span style="font-size: 10pt; font-family: Arial; color: navy;">Muriuki Mureithi</span></font></p>
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