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<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Actually it is <st1:country-region w:st="on"><st1:place
w:st="on">Zambia</st1:place></st1:country-region> they are de-listing in where
they hold 75% market share. They do not own an operation in Zim. <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
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<p class=MsoNormal><b><font size=2 face=Tahoma><span style='font-size:10.0pt;
font-family:Tahoma;font-weight:bold'>From:</span></font></b><font size=2
face=Tahoma><span style='font-size:10.0pt;font-family:Tahoma'>
kictanet-bounces+cruto=safaricom.co.ke@lists.kictanet.or.ke
[mailto:kictanet-bounces+cruto=safaricom.co.ke@lists.kictanet.or.ke] <b><span
style='font-weight:bold'>On Behalf Of </span></b>Andrea Bohnstedt<br>
<b><span style='font-weight:bold'>Sent:</span></b> Friday, February 18, 2011
10:20 AM<br>
<b><span style='font-weight:bold'>To:</span></b> Clare Ruto<br>
<b><span style='font-weight:bold'>Cc:</span></b> KICTAnet ICT Policy Discussions<br>
<b><span style='font-weight:bold'>Subject:</span></b> Re: [kictanet] Calling
Rates - Airtel to de-list Celtel</span></font><o:p></o:p></p>
</div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal style='margin-bottom:12.0pt'><font size=3
face="Times New Roman"><span style='font-size: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></span></font></p>
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<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>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></span></font></p>
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<p class=MsoNormal><font size=4 face=Arial><span style='font-size:13.5pt;
font-family:Arial'>Hi Robert - I wonder if Zimbabweans can afford shares.
Right now they have no currency and they are using green bucks. The <st1:country-region
w:st="on"><st1:place w:st="on">Zimbabwe</st1:place></st1:country-region> 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></font></p>
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<p class=MsoNormal><font size=4 face=Arial><span style='font-size:13.5pt;
font-family:Arial'>Waudo<o:p></o:p></span></font></p>
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<p class=MsoNormal><font size=4 face=Arial><span style='font-size:13.5pt;
font-family:Arial'>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></font></p>
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<blockquote style='margin-top:5.0pt;margin-bottom:5.0pt' type=cite>
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<p class=MsoNormal><font size=3 color=black face="Times New Roman"><span
style='font-size:12.0pt;color:black'> <o:p></o:p></span></font></p>
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<div>
<p class=MsoNormal><font size=3 color=black face="Times New Roman"><span
style='font-size:12.0pt;color:black'>Airtel are in the process of having Celtel
<st1:country-region w:st="on">Zimbabwe</st1:country-region> de-listed from the <st1:country-region
w:st="on"><st1:place w:st="on">Zimbabwe</st1:place></st1:country-region> 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></font></p>
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<p class=MsoNormal><font size=3 color=black face="Times New Roman"><span
style='font-size:12.0pt;color:black'><br>
<o:p></o:p></span></font></p>
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<p class=MsoNormal><font size=4 face="Times New Roman"><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></font><o:p></o:p></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
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<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>Lets appreciate the fact that Safaricom at least allows us to share in
their profits through dividend as shareholders. <o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
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<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>Regards<br>
</span></font><font size=4><span style='font-size:13.5pt'> </span></font><o:p></o:p></p>
</div>
<p class=MsoNormal style='margin-bottom:12.0pt'><font size=4
face="Times New Roman"><span style='font-size:13.5pt'>Robert Yawe</span></font><br>
<font size=4><span style='font-size:13.5pt'>KAY System Technologies Ltd</span></font><br>
<st1:City w:st="on"><st1:place w:st="on"><font size=4><span style='font-size:
13.5pt'>Phoenix</span></font></st1:place></st1:City><font size=4><span
style='font-size:13.5pt'> House, 6th Floor</span></font><br>
<st1:address w:st="on"><st1:Street w:st="on"><font size=4><span
style='font-size:13.5pt'>P O Box 55806</span></font></st1:Street><font
size=4><span style='font-size:13.5pt'> <st1:City w:st="on">Nairobi</st1:City></span></font></st1:address><font
size=4><span style='font-size:13.5pt'>, 00200</span></font><br>
<st1:country-region w:st="on"><st1:place w:st="on"><font size=4><span
style='font-size:13.5pt'>Kenya</span></font></st1:place></st1:country-region><o:p></o:p></p>
<div>
<p class=MsoNormal><font size=3 color=black face="Times New Roman"><span
style='font-size:12.0pt;color:black'>Tel: +254722511225, +254202010696 <o:p></o:p></span></font></p>
<div>
<p class=MsoNormal><font size=3 color=black face="Times New Roman"><span
style='font-size:12.0pt;color:black'><br>
<o:p></o:p></span></font></p>
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<p class=MsoNormal><font size=3 color=black face="Times New Roman"><span
style='font-size:12.0pt;color:black'> <o:p></o:p></span></font></p>
</div>
</div>
<p class=MsoNormal><font size=4 face=Arial><span style='font-size:13.5pt;
font-family:Arial'><o:p> </o:p></span></font></p>
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<pre><font size=2 face="Courier New"><span style='font-size:10.0pt'>_______________________________________________<o:p></o:p></span></font></pre><pre><font
size=2 face="Courier New"><span style='font-size:10.0pt'>kictanet mailing list<o:p></o:p></span></font></pre>
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href="mailto:kictanet@lists.kictanet.or.ke" target="_blank">kictanet@lists.kictanet.or.ke</a><o:p></o:p></span></font></pre><pre><font
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<pre><font size=2 face="Courier New"><span style='font-size:10.0pt'><o:p> </o:p></span></font></pre><pre><font
size=2 face="Courier New"><span style='font-size:10.0pt'><o:p> </o:p></span></font></pre><pre><font
size=2 face="Courier New"><span style='font-size:10.0pt'>This message was sent to: <a
href="mailto:emailsignet@mailcan.com" target="_blank">emailsignet@mailcan.com</a><o:p></o:p></span></font></pre><pre><font
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