<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40">
<head>
<META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=us-ascii">
<meta name=Generator content="Microsoft Word 12 (filtered medium)">
<style>
<!--
/* Font Definitions */
@font-face
{font-family:Calibri;
panose-1:2 15 5 2 2 2 4 3 2 4;}
@font-face
{font-family:Tahoma;
panose-1:2 11 6 4 3 5 4 4 2 4;}
@font-face
{font-family:Consolas;
panose-1:2 11 6 9 2 2 4 3 2 4;}
@font-face
{font-family:Verdana;
panose-1:2 11 6 4 3 5 4 4 2 4;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0in;
margin-bottom:.0001pt;
font-size:12.0pt;
font-family:"Times New Roman","serif";}
a:link, span.MsoHyperlink
{mso-style-priority:99;
color:blue;
text-decoration:underline;}
a:visited, span.MsoHyperlinkFollowed
{mso-style-priority:99;
color:purple;
text-decoration:underline;}
pre
{mso-style-priority:99;
mso-style-link:"HTML Preformatted Char";
margin:0in;
margin-bottom:.0001pt;
font-size:10.0pt;
font-family:"Courier New";}
p.MsoAcetate, li.MsoAcetate, div.MsoAcetate
{mso-style-priority:99;
mso-style-link:"Balloon Text Char";
margin:0in;
margin-bottom:.0001pt;
font-size:8.0pt;
font-family:"Tahoma","sans-serif";}
span.HTMLPreformattedChar
{mso-style-name:"HTML Preformatted Char";
mso-style-priority:99;
mso-style-link:"HTML Preformatted";
font-family:Consolas;}
span.EmailStyle19
{mso-style-type:personal-reply;
font-family:"Calibri","sans-serif";
color:#1F497D;}
span.BalloonTextChar
{mso-style-name:"Balloon Text Char";
mso-style-priority:99;
mso-style-link:"Balloon Text";
font-family:"Tahoma","sans-serif";}
.MsoChpDefault
{mso-style-type:export-only;}
@page Section1
{size:8.5in 11.0in;
margin:1.0in 1.0in 1.0in 1.0in;}
div.Section1
{page:Section1;}
-->
</style>
<!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1" />
</o:shapelayout></xml><![endif]-->
</head>
<body lang=EN-US link=blue vlink=purple>
<div class=Section1>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'>Yeah, 10cents dividend to be specific.<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'><o:p> </o:p></span></p>
<div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'>
<p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span
style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>
kictanet-bounces+nancyi=accesskenya.com@lists.kictanet.or.ke
[mailto:kictanet-bounces+nancyi=accesskenya.com@lists.kictanet.or.ke] <b>On
Behalf Of </b>Andrea Bohnstedt<br>
<b>Sent:</b> Friday, February 18, 2011 10:20 AM<br>
<b>To:</b> nancyi@accesskenya.com<br>
<b>Cc:</b> KICTAnet ICT Policy Discussions<br>
<b>Subject:</b> Re: [kictanet] Calling Rates - Airtel to de-list Celtel<o:p></o:p></span></p>
</div>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal style='margin-bottom:12.0pt'>Not ICT related, but: <br>
<br>
Zim has and had plenty of times for shares, and from way back when I was still
writing about it, I vaguely remember that many people actually put their money
in shares because interest rates were negative thanks to the country's
hyperinflation. <br>
<br>
Here's a brief overview of the ZSE performance in the past two years. Not
fantastic, but by no means a basket case either: <a
href="http://www.africancapitalmarketsnews.com/836/whats-up-on-zimbabwe-stock-exchange/">http://www.africancapitalmarketsnews.com/836/whats-up-on-zimbabwe-stock-exchange/</a><br>
<br>
Dollarisation had the interesting impact that it uncovered inefficiencies in
management, and also rendered a couple of company holdings done purely for
cash/forex management purposes ineffective, leading to some corporate
unbundling: <a
href="http://blog.imarainvestor.com/2009/12/dollarisation-and-case-for-unbundling.html">http://blog.imarainvestor.com/2009/12/dollarisation-and-case-for-unbundling.html</a><o:p></o:p></p>
<div>
<p class=MsoNormal>On 18 February 2011 09:30, waudo siganga <<a
href="mailto:emailsignet@mailcan.com" target="_blank">emailsignet@mailcan.com</a>>
wrote:<o:p></o:p></p>
<div>
<div>
<div>
<p class=MsoNormal><span style='font-size:13.5pt;font-family:"Arial","sans-serif"'>Hi
Robert - I wonder if Zimbabweans can afford shares. Right now they have no
currency and they are using green bucks. The Zimbabwe dollar became
so useless that to buy a tomato one needed trillions. It was said that one
had to carry money on a wheelburrow and upon coming across robbers one would
throw the money away and run off with the wheelburrow because it was more
valuable. These guys have no time for shares man!<o:p></o:p></span></p>
</div>
<div>
<p class=MsoNormal><span style='font-size:13.5pt;font-family:"Arial","sans-serif"'>Waudo<o:p></o:p></span></p>
</div>
<div>
<div>
<div>
<div>
<div>
<p class=MsoNormal><span style='font-size:13.5pt;font-family:"Arial","sans-serif"'>On
Fri, 18 Feb 2011 05:20 +0000, "robert yawe" <<a
href="mailto:robertyawe@yahoo.co.uk" target="_blank">robertyawe@yahoo.co.uk</a>>
wrote:<o:p></o:p></span></p>
</div>
</div>
</div>
<blockquote style='margin-top:5.0pt;margin-bottom:5.0pt'>
<div>
<div>
<div>
<div>
<p class=MsoNormal><span style='color:black'> <o:p></o:p></span></p>
</div>
<div>
<p class=MsoNormal><span style='color:black'>Airtel are in the process of
having Celtel Zimbabwe de-listed from the Zimbabwe stock exchange, this might
not seem like much but in reality it is a reflection of Airtels profit sharing
strategy.<o:p></o:p></span></p>
</div>
<div>
<p class=MsoNormal><span style='color:black'><br>
<o:p></o:p></span></p>
</div>
<div>
<p class=MsoNormal><span style='font-size:13.5pt'>The effect of this action is
that the common Zimbabweans will not benefit from the profits of the company
even though they will have been generated locally. Instead the government
of Mugabe will receive large volumes of money through corporate tax.</span><o:p></o:p></p>
</div>
<div>
<p class=MsoNormal><o:p> </o:p></p>
</div>
<div>
<p class=MsoNormal>Lets appreciate the fact that Safaricom at least allows us
to share in their profits through dividend as shareholders. <o:p></o:p></p>
</div>
<div>
<p class=MsoNormal><o:p> </o:p></p>
</div>
<div>
<p class=MsoNormal>Regards<br>
<span style='font-size:13.5pt'> </span><o:p></o:p></p>
</div>
<p class=MsoNormal style='margin-bottom:12.0pt'><span style='font-size:13.5pt'>Robert
Yawe</span><br>
<span style='font-size:13.5pt'>KAY System Technologies Ltd</span><br>
<span style='font-size:13.5pt'>Phoenix House, 6th Floor</span><br>
<span style='font-size:13.5pt'>P O Box 55806 Nairobi, 00200</span><br>
<span style='font-size:13.5pt'>Kenya</span><o:p></o:p></p>
<div>
<p class=MsoNormal><span style='color:black'>Tel: +254722511225, +254202010696 <o:p></o:p></span></p>
<div>
<p class=MsoNormal><span style='color:black'><br>
<o:p></o:p></span></p>
</div>
</div>
<div>
<p class=MsoNormal><span style='color:black'> <o:p></o:p></span></p>
</div>
</div>
<p class=MsoNormal><span style='font-size:13.5pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p>
</div>
</div>
<pre>_______________________________________________<o:p></o:p></pre><pre>kictanet mailing list<o:p></o:p></pre>
<div><pre><a href="mailto:kictanet@lists.kictanet.or.ke" target="_blank">kictanet@lists.kictanet.or.ke</a><o:p></o:p></pre><pre><a
href="http://lists.kictanet.or.ke/mailman/listinfo/kictanet" target="_blank">http://lists.kictanet.or.ke/mailman/listinfo/kictanet</a><o:p></o:p></pre></div>
<pre><o:p> </o:p></pre><pre><o:p> </o:p></pre><pre>This message was sent to: <a
href="mailto:emailsignet@mailcan.com" target="_blank">emailsignet@mailcan.com</a><o:p></o:p></pre><pre>Unsubscribe or change your options at <a
href="http://lists.kictanet.or.ke/mailman/options/kictanet/emailsignet%40mailcan.com"
target="_blank">http://lists.kictanet.or.ke/mailman/options/kictanet/emailsignet%40mailcan.com</a><o:p></o:p></pre><pre><o:p> </o:p></pre></blockquote>
</div>
</div>
</div>
</div>
<p class=MsoNormal style='margin-bottom:12.0pt'><br>
_______________________________________________<br>
kictanet mailing list<br>
<a href="mailto:kictanet@lists.kictanet.or.ke" target="_blank">kictanet@lists.kictanet.or.ke</a><br>
<a href="http://lists.kictanet.or.ke/mailman/listinfo/kictanet" target="_blank">http://lists.kictanet.or.ke/mailman/listinfo/kictanet</a><br>
<br>
This message was sent to: <a href="mailto:andrea.bohnstedt@ratio-magazine.com"
target="_blank">andrea.bohnstedt@ratio-magazine.com</a><br>
Unsubscribe or change your options at <a
href="http://lists.kictanet.or.ke/mailman/options/kictanet/andrea.bohnstedt%40ratio-magazine.com"
target="_blank">http://lists.kictanet.or.ke/mailman/options/kictanet/andrea.bohnstedt%40ratio-magazine.com</a><o:p></o:p></p>
</div>
<p class=MsoNormal style='margin-bottom:12.0pt'><br>
<br clear=all>
<br>
-- <br>
<a href="http://ke.linkedin.com/in/andreabohnstedt" target="_blank"><span
style='font-family:"Verdana","sans-serif"'>Andrea Bohnstedt</span></a><span
style='font-family:"Verdana","sans-serif"'><br>
Publisher<br>
+254 720 960 322 <br>
<br>
<a href="http://www.ratio-magazine.com" target="_blank">www.ratio-magazine.com</a><br>
</span><a href="http://www.ratio-magazine.com/careers/index.php" target="_blank"><span
style='font-family:"Verdana","sans-serif"'>Find/post East Africa careers</span></a><span
style='font-family:"Verdana","sans-serif"'><br>
</span><a href="http://www.ratio-magazine.com/businessevents/index.php"
target="_blank"><span style='font-family:"Verdana","sans-serif"'>Find/post
conferences, workshops, trainings, other business events</span></a><span
style='font-family:"Verdana","sans-serif"'><br>
<br>
<br>
<br>
</span><o:p></o:p></p>
</div>
</body>
</html>