<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto"><div>Ahmed</div><div><br></div><div>To help CS visit:-</div><div><br></div><div><a href="http://www.konzacity.go.ke">http://www.konzacity.go.ke</a></div><div><br></div><div>I think a number of commitments for investments have been made. Latest is the Korean one where they are committing to invest in a University and research center.</div><div><br></div><div>Ultimately though this will be a combination savvy tech and real estate investments.</div><div><br>Regards</div><div><br><div><div><span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.294118); -webkit-composition-fill-color: rgba(175, 192, 227, 0.231373);"><b>Ali Hussein</b></span></div><div><span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.294118); -webkit-composition-fill-color: rgba(175, 192, 227, 0.231373);"><b>Principal</b></span></div><div><b style="background-color: rgba(255, 255, 255, 0);">Hussein & Associates</b></div><div style="font-family: Helvetica; font-size: medium; -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-text-size-adjust: auto; ">+254 0713 601113 </div><div style="font-family: Helvetica; font-size: medium; -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-text-size-adjust: auto; "><br></div><div><p style="margin: 0in 0in 0pt;"><span style="background-color: rgba(255, 255, 255, 0);">Twitter: @AliHKassim</span></p><span style="background-color: rgba(255, 255, 255, 0);"><font></font></span><p style="margin: 0in 0in 0pt;"><span style="background-color: rgba(255, 255, 255, 0);">Skype: abu-jomo</span></p><p style="margin: 0in 0in 0pt;"><span style="background-color: rgba(255, 255, 255, 0);">LinkedIn: <a href="http://ke.linkedin.com/in/alihkassim" target="_blank">http://ke.linkedin.com/in/alihkassim</a></span></p><font><br></font></div><div><span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.292969); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); "><br></span></div><div>"Discovery consists in seeing what everyone else has seen and thinking what no one else has thought". ~ Albert Szent-Györgyi</div><div><span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.294118); -webkit-composition-fill-color: rgba(175, 192, 227, 0.231373);"><br></span></div>Sent from my iPad</div></div><div><br>On 13 Jun 2016, at 5:53 AM, Ahmed Mohamed Maawy <<a href="mailto:ultimateprogramer@gmail.com">ultimateprogramer@gmail.com</a>> wrote:<br><br></div><blockquote type="cite"><div><div dir="ltr">Just a question. The Konza City project. Any other stakeholders still willing to invest apart from GoK? Or rather what would be the significance of the key items for Konza that we may be embarking on bwana Mucheru?<br></div><div class="gmail_extra"><br><div class="gmail_quote">On Mon, Jun 13, 2016 at 4:46 AM, Ali Hussein via kictanet <span dir="ltr"><<a href="mailto:kictanet@lists.kictanet.or.ke" target="_blank">kictanet@lists.kictanet.or.ke</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="auto"><div>This makes sense. And the clarification from CS Mucheru is very welcome. I'd also add that Helios is a well healed Fund and they wouldn't be putting investors' money if they didn't think they could get a return on it. </div><div><br></div><div>One of the more successful investments they made in the country was in Equity Bank.<br><br><div><span><b>Ali Hussein</b></span></div><div><span><b>Principal</b></span></div><div><b style="background-color:rgba(255,255,255,0)">Hussein & Associates</b></div><div style="font-family:Helvetica;font-size:medium">+254 0713 601113 </div><div style="font-family:Helvetica;font-size:medium"><br></div><div><p style="margin:0in 0in 0pt"><span style="background-color:rgba(255,255,255,0)">Twitter: @AliHKassim</span></p><span style="background-color:rgba(255,255,255,0)"><font></font></span><p style="margin:0in 0in 0pt"><span style="background-color:rgba(255,255,255,0)">Skype: abu-jomo</span></p><p style="margin:0in 0in 0pt"><span style="background-color:rgba(255,255,255,0)">LinkedIn: <a href="http://ke.linkedin.com/in/alihkassim" target="_blank">http://ke.linkedin.com/in/alihkassim</a></span></p><font><br></font></div><div><span><br></span></div><div>"Discovery consists in seeing what everyone else has seen and thinking what no one else has thought". ~ Albert Szent-Györgyi</div><div><span><br></span></div>Sent from my iPad</div><div><div class="h5"><div><br>On 12 Jun 2016, at 11:49 PM, Joseph Mucheru via kictanet <<a href="mailto:kictanet@lists.kictanet.or.ke" target="_blank">kictanet@lists.kictanet.or.ke</a>> wrote:<br><br></div><blockquote type="cite"><div><div dir="ltr">John, <div><br></div><div>We spent 2/- (two kenya shillings) to get an extra 10% shareholding and 40% of the debt TKL owes. Whether TKL is able to recover remains to be seen (Am optimistic it will and so are Helios). Key point is we have given the company a chance to improve its fortunes. You are right we should be divesting but not a loss.<div><br></div><div>thanks</div></div></div><div class="gmail_extra"><br><div class="gmail_quote">On Sun, Jun 12, 2016 at 11:00 PM, John Kieti <span dir="ltr"><<a href="mailto:jkieti@gmail.com" target="_blank">jkieti@gmail.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr">Good summary Martin and thanks CS for clarification.<div><br></div><div>I may have missed the news so am wondering if anyone can explain the move by Government to invest further in Telkom Kenya. I thought we were divesting from Telcos so the increased cash outlay to Telkom Kenya came as a surprise.</div><div><br></div><div>Best.</div></div><div class="gmail_extra"><br><div class="gmail_quote"><div><div>On Sun, Jun 12, 2016 at 4:33 PM, Joseph Mucheru via kictanet <span dir="ltr"><<a href="mailto:kictanet@lists.kictanet.or.ke" target="_blank">kictanet@lists.kictanet.or.ke</a>></span> wrote:<br></div></div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div><div><p dir="ltr">Hi Martin,</p>
<p dir="ltr">I have two clarifications for you.</p>
<p dir="ltr">1: Laptop project got the full allocation, we used some of the 17bn this financial year (15/16) hence the balance in 16/17 is less.</p>
<p dir="ltr">2: We bought an extra 10% shareholding in TKL for Kes 1/- and further we bought 40% of the debt TKL owed orange (about Kes 30bn) for another kes 1/-. Meaning in the TKL balance sheet, they owe GoK about 12bn. 40% of the 30bn shareholder loan. Balance is owed to Jamuhuru Holdings which is 100% owned by Helios Fund III </p>
<p dir="ltr">Thanks</p>
<div class="gmail_quote"><div><div>On Jun 10, 2016 8:19 AM, "Martin Gicheru via kictanet" <<a href="mailto:kictanet@lists.kictanet.or.ke" target="_blank">kictanet@lists.kictanet.or.ke</a>> wrote:<br type="attribution"></div></div><blockquote style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div><div><div dir="ltr">What does the 2016 Kenya budget have for the ICT sector? Here is <a href="http://www.techweez.com/2016/06/09/ict-sector-kenya-201617-budget/" target="_blank">what we picked</a>.<div><br></div><div>Regards, </div><font color="#888888"><div>Martin Gicheru</div></font></div>
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