- KICTANet - KICTANet

Joining Technical Committee at KEBS
by Dorcas Muthoni 31 Mar '08

31 Mar '08

FYI Attached are nomination forms for those who may be interested in the membership of the technical committee to fill and return to contact by email, normal mail, fax etc. KEBS Contact: Mwatha Zacheus I

1 0

Re: [kictanet] Just A Thought!
by dmakali＠yahoo.com 30 Mar '08

30 Mar '08

Damaris, I don't support poor pay. But neither do I support loss making enterprise. That's not business. There has to be a correlation between revenue, operating costs, and the investor's return on investment. That's what the guy outluubbed and I supported. Moeeover not every1 will start an enterprise in the world. Thea will always be employees, just as someone said there will always be poor poor peole in the world. Am sure in ur self employment u r still employing staff. How much do you pay them? Be honest and let's stop idealistic rhetoric. David Sent from my BlackBerry® wireless device -----Original Message----- From: Damaris wanjiru <dshiro82(a)yahoo.com> Date: Sun, 30 Mar 2008 00:10:37 To:kaziafrika@googlegroups.com Subject: Re: Just A Thought! I disagree totally with my friend makali here who says that we should congratulate the cyber guy paying 8 k. it is unfortunate that most employers don't care much about their employees, if a guy is making lots of profit, why pay peanuts to someone. that is where most companies in Kenya go wrong. you need to motivate your employees to get even better results. all in all it is time most young people thought of moving away from employment to becoming enterprenuars. for how long will you work from hand to mouth, working for fare, lunch, rent(with 8 k how are you even going to pay rent?). huo ni ukoloni mambo leo. unless you are trying to build your cv with work experience. you are better off staying at home making some beads and selling to friends. at the end of the day you will spend less money, not get rained on in the morning and you won't have to worry about fare etccc. the thing messing up most of us young people is wanting to wake up every morning and be seen carrying a hand bag or in a suit going to someone's office to make them rich. it's time to throw away the box and think. trust you me i did it that 2 years ago and i'm reaping the fruits of being self -employed. and forget that story of needing finances to start up baaah blaah blaaah. God is a fair guy, he gave us all talents, make use of your talents and you'll not only be enjoying your work but be reaping great fruits. Best regards, Damaris --- David Makali <dmakali(a)yahoo.com> wrote: > > Folks, > I think the person who offered that job of 8k should > be congratulated. S/he is an entrepreneur. Jobs are > offered to willing takers and i suppose as we go on > an > on here, there are already applicants or the slots > have already been filled. I don't understand what > this whole saga is about: how many of you > ventilating > on this offer pay your house helps that amount? Yet > they most likely work more hours? And guards? > > Maurice is spot on: pay has to be relative to the > income generated. Its take it or leave it. That is > not > to advocate prejudice or injustice; its being > pragmatic in today's world. > Lets move on. > David > > > --- Maurice Barasa <barazam(a)gmail.com> wrote: > > > The 8K/month is really low considering the high > cost > > of living we experience in Kenya. Maybe we can try > > and advice the Cyber guy and others who may be in > > this forum that have plans to start by considering > > the numbers they operate on. > > > > As stated the Cyber has 8 computer and its open > 12.5 > > hours. This means that if the cyber has all the > > eight computer being paid for at an average of 7 > Hrs > > a day coz not guaranteed that the computers will > be > > running all thro, then the computers will earn a > > monthly average of KES 80640 (running for an > average > > of 24 days a month X 8 hrs/day * 60KES/hr since > > assumed the Christian lady will be allowed a > Sunday > > off and they charge 1KES/Min.) and then assumed > > there are other things like printing and > > photocopying >KES10000 making it a total of 90K > > Subtracting the costs before salary, say rent, ISP > > charges.... assuming its 40K (advice if wrong), > > meaning the net is around 50K, > > > > What would be the expected salary for the > attendant > > considering that the owner also needs to make some > > profit? > > > > > > Have a thoughtful day, > > > > Maurice > > > > > > From: catherine ongoro > > Sent: Tuesday, March 25, 2008 10:29 AM > > To: kaziafrika(a)googlegroups.com > > Subject: Re: Just A Thought! > > > > > > Hi all, > > I disagree with Dan. The problem wasn't with the > > phrase which in my view is very o.k. The problem > is > > with the specs that is christian (what about > > qualified Kenyans from one of the very many > > religious followings we have in Kenya?)and the > 12.5 > > working hrs for Kes. 8,000.00. > > > > Catherine. > > > > > > dan chira <danchira2004(a)gmail.com> wrote: > > Hello Wanakazi, > > > > If you read the original email, the guy's > opening > > remarks were: > > > > "sambaza the following slot. There are hundreds > of > > able people who qualify and yet they don't have > > access to internet, so people should speak of this > > vacancies with their friends who don't have access > > to Internet. Most of the online applicants I have > > come across are people who have options, either > they > > want to switch jobs etc and so the real needy > person > > is locked away. So guys be kind to involve those > > guys who even can't access Kaziafrica... > > > > > > I think most of the people who acted emotionally > > didnt understand the phrase, and they went ahead > to > > "lock" other people a vancacy that can change > their > > lifes! > > > > Just a thought!!! > > > > Danny > > > > -- > > Real Men Fear God! > > See No Evil,Hear No Evil,Say No Evil. > > > > > > > ------------------------------------------------------------------------------ > > Never miss a thing. Make Yahoo your homepage. > > > > > > > > > > > > > _______________ > > "If my doctor told me I had only six minutes to > live, > I wouldn't brood. I'd type a little faster." > -- Isaac Asimo, Columbian Author and Scientist > _______________ > > PO Box 3234 > 00200 Nairobi, Kenya > cell: +254 722 517 540 > > > > ____________________________________________________________________________________ > Never miss a thing. Make Yahoo your home page. > http://www.yahoo.com/r/hs > > > > ____________________________________________________________________________________ No Cost - Get a month of Blockbuster Total Access now. Sweet deal for Yahoo! users and friends. http://tc.deals.yahoo.com/tc/blockbuster/text1.com --~--~---------~--~----~------------~-------~--~----~ YOU ARE IN KAZI AFRIKA GROUP UNSUBSCRIBE: kaziafrika-unsubscribe(a)googlegroups.com http://groups.google.com/group/kaziafrika?hl=en www.kazi-africa.com FOR A VERY PEACEFUL KENYA -~----------~----~----~----~------~----~------~--~---

1 0

Making the Knowledge Economy Work for Kenya
by Alex Gakuru 29 Mar '08

29 Mar '08

[Apologies for cross posting to consumers, skunkworks kictanet [Apologies for cross posting to consumers, skunkworks kictanet mailing lists. Please circulate to this message to as many who may be interested] Way Forward Technologies and partners are organising a one-day workshop "Making the knowledge economy work for Kenya" scheduled for mid-May 2008 ( Date TBC) at a Nairobi hotel. We shall showcase business implementations of Free and Open Source Software (or FOSS) and provide a discussion platform on issues regarding migration to the platform. We shall have local speakers discuss not only their cost-savings but additional benefits realised from strategic decisions to adopt Open solutions in their organisations operations. There shall be free operating system software given out in addition to selected applications software for cross section of sectors' needs (for example free corporate ERPs, Content Management Systems (CMS), e-learning, and graphics design software to name but just a few) Although primarily targeting the Private Sector, SME and Civil Society Organizations, Public Sector is welcome considering that cost-saving fits their public service agenda as set out in the National ICT Policy. We are aware that whereas Free and Open Source Software (or FOSS) has enabled many organizations, corporates, small business, and individuals save tens of millions of shillings, newcomers to the platform are spoilt for choice over which of the hundreds of thousands of free applications to install; overwhelmed by the abundance and variety of software courtesy of the free software community of developers. Kenya has skunkworks - a technical community network comprising over 500 highly skilled professionals, a growing consumers network approaching 300 members and a business heavy (but inclusive) kictanet communities. Each has much to benefit from participating at this unique workshop and we welcome other interested communities to also join in. We look forward to speakers abstracts on the subject of successful use FOSS for business. During Idlelo 3 meeting held at Dakar, Senegal last week, I gave a presentation on "connecting and sustaining linkages between business and technical communities." Above planned workshop aims at translating the belief into action and it requires your support to reinforce our positioning in the knowledge economy ecosystem even better. Considering that it is not a funded workshop, entrance shall be upon payment of attendance fees of Kshs 5,000/= per person to offset venue and hosting expenses. Corporate sponsorships (for logos to appear on our publicity material such as banners) is set at Kshs 20,000/=. FOSS services providers interested in exhibiting their business solutions pay kshs 20,000/= per exhibition stand. For additional information contact; Alex Gakuru Email: *gakuru(a)gmail.com* Tel: 020-2013393 PS: Comments most welcome (on or off-list) and please circulate this message as widely.

1 0

SAT3 to get a competitor – Infinity set to finalise $865 million financing
by Eric Osiakwan 29 Mar '08

29 Mar '08

SAT3 to get a competitor – Infinity set to finalise $865 million financing In the coming week the Infinity Worldwide Telecom Group of Companies (IWTGC) looks set to finalise the funding of its first phase build for its international fibre route from Portugal to South Africa along the west coast of the continent. Once built, it will be the first independently operated competitor for the incumbent monopoly- controlled SAT3 cable. Russell Southwood looks at what’s involved. A West African bank, a leading institutional investment advisor and European institutional investment advisors are all in the final stages of agreeing an investment package that will come up with the funding for the first stage of the Infinity project. Once agreed, work will start 45-60 days after funding package has been inked. Phase one of the project is estimated to cost US $865 million, of which US$750 million is earmarked for capital Expenditure and the remainder for working capital. This includes funding for sub-sea cable; marine; wet and dry plant; cable stations; licenses; backhaul; and central city PoPs. Tyco International has been chosen as the System Supplier and Infinity and Tyco are ready to execute an ITP that will commit to the marine survey, manufacturing slot, and overall system schedule. Desk Top and Marine Surveys are set to commence in Q2 2008 and the RFS date (commercial operation) for Phase one is planned for Q4 2010. In phase one of the project Infinity will construct a 14,000 kilometre international fiber route along the western coast of continent with direct links into Southern Europe and South Africa. The network will run from Lisbon, Portugal to Cape Town, South Africa with branching units to land in the Sub Saharan coastal countries of Senegal, Ghana, Nigeria, Cameroon and Angola. Phase 2 will see Infinity land the cable in additional planned countries in the region including: Canary Islands, Mauritania, Gambia, Guinea-Bissau, Guinea, Sierra Leone, Liberia, Côte d'Ivoire, Togo, Benin, Equatorial Guinea, Sao Tome, Gabon, Congo, DRC, and Namibia. Inland routes will also be explored to link in Niger, Mali, and Burkina Faso. Significantly Infinity already has an MOU with VSNL (owners of Neotel) for engineering and design support; use of its global infrastructure; network services; and operational support. VSNL’s International Global Network spans across 4 continents and comprises major ownership of 206,356km of terrestrial network fibre and sub-sea cable. Infinity has three other projects racing it to completion (in likely order of arrival): Globacom’s Glo cable which has already reached Dakar, the Infraco/NEPAD Uhurunet project and Mainstreet Technologies’ One project. All cover broadly similar ground. South Africa’s National Treasury declined funding for Infraco’s west coast fibre project (variously described as landing in Fortaleza and Portugal) on concerns about the lack of private sector involvement and as a result, it is in the process of combining forces with NEPAD’s Uhurunet project which will be partly financed by India’s Bharti. Infraco will hold a stakeholders’ meeting on 15 April. Globacom has been extremely secretive about what it is planning to do with its cable and despite having announced that it will land in a long list of West African countries, there is little sign on the ground in several of these countries that licence applications have been made. Eric M.K Osiakwan Executive Secretary AfrISPA (www.afrispa.org) Tel: + 233.21.258800 ext 2031 Fax: + 233.21.258811 Cell: + 233.244.386792 Handle: eosiakwan Snail Mail: Pmb 208, Accra-North Office: BusyInternet - 42 Ring Road Central, Accra-North Blog: http://blogs.law.harvard.edu/eric/ Slang: "Tomorrow Now"

1 0

Re: [kictanet] [Skunkworks] CISA, CISM, CISSP, CCSP, ITIL, etc????
by John Walubengo 28 Mar '08

28 Mar '08

--- fyodor <fyodor(a)hushmail.com> wrote: As a side note for John, who's aggressively advertising for the CISA Cert, precisely convince me why I should take a white hat tailored course. Instead of,lets say, attend one of those Black hat Cons where they teach far beyond what you will get in CISA!!! ~~~~~~~~~~~0000~~~~~~ fyodor(a)hushmail.com, CISA,CISM, CISSP, CCSP, ITIL, CoBIT and many others can indeed present challenges to prospective security candidates. What to chose? what to leave? etc. I wouldnt say one is better than the other, because they all have their unique objectives that they try to address in the ICT security market. Its like asking whether a heart surgeon is preferred to a Brain surgeon or to a Physiotherapist or to an Optician. They are all medical practitioners with unique skills that presumes a common undertanding of medicine. So it is with all these Security Certifications, they all offer a common security foundation but with various tangents depending on whether you want to drill down to the 'hands-on' or keep an overall birds-eye view of the IS security status of an organisation. I cannot speak for the other Certifications but for CISA/SM track of certification, they focus on the overall security view of the organisation, sort of the architectural blue-print view of the security status. From this perspective, the CISM/SA holder will actually see the need to hire the hands-on or drill-down hacker-type of techie to seal any technology specific security issues (e.g what a Cisco Certified Security Professionals, CCSP would do)... This is not to imply that CCSP is therefore weaker or cheaper than CISM/SA since the CCSP will have the perrogative to charge an arm and a leg for her skills when called upon by the CISM/SA to provide her services.... Bottom line of the real value of the certification will eventually be dictated by the domestic market conditions i.e. what are the appropriate number of CISMs, CISAs, CCSPs etc that can be absorbed by the Kenyan ICT Security market annually? If we have too many of each, then automatically organisations will begin paying peanuts for their respective services. walu. ____________________________________________________________________________________ Never miss a thing. Make Yahoo your home page. http://www.yahoo.com/r/hs

1 0

Verisign to raise .COM fees again
by alice 28 Mar '08

28 Mar '08

Effective October 1, 2008, Verisign's fee for .COM will go up to $6.86. http://www.reuters.com/article/marketsNews/idUSWNAS610320080327 --

1 0

Subject Line: Become CISA or CISM Certified in 2008
by John Walubengo 28 Mar '08

28 Mar '08

Dear All, ISACA has asked me as a proud ISACA credential holder, to pass along this message. We thought you might be interested in joining the ranks of more than 55,000 audit, control and security professionals who already hold the CISA designation, and more than 8,000 information security management professionals who are CISMs. As I have already experienced, certification increase your standing in your organization and makes you highly desirable to potential employers. If you are seeking worldwide recognition for your unique IT audit, assurance or security experience and knowledge and want to distinguish yourself from others in your profession, then it is time to pursue a certification from ISACA. For 30 years, the Certified Information Systems Auditor* (CISA®) credential has been preferred by individuals and organizations around the world. More than 55,000 audit, control and security professionals have achieved this globally accepted standard since 1978. Since 2002, the Certified Information Security Manager® (CISM®) has defined the role of professionals who have information security management responsibilities. ISACA has certified more than 8,000 CISMs to date. Independent surveys by Foote Partners and Certification Magazine have named both CISA and CISM among the highest-paying certifications; each program is also accredited under ISO/IEC 17024 for its credentialing procedures and adherence to rigorous standards of performance. Register online today at www.isaca.org/examreg. Don*t wait and miss the 9 April deadline! For those seeking recognition for IT governance related knowledge and experience, ISACA is now accepting applications for our new credential, Certified in the Governance of Enterprise IT* (CGEIT*). It is designed for professionals who have management, advisory and/or assurance responsibilities relating to the governance of IT. For more information on CGEIT and how to earn certification without taking an exam through the grandfathering provision, please visit www.isaca.org/cgeit. Note: Because of the extreme popularity of the CISA and CISM credentials the online registration process accepts payments and is the preferred method for submitting exam registrations. Those who wait until the final deadline date may experience heavy registration volume, and we ask for your patience. Anyone seeking additional information is encouraged to please visit the ISACA web site at www.isaca.org/certification or contact the certification department, call +1.847.660.5660; or e-mail certification(a)isaca.org. Thank you, ISACA Certification Department About ISACA With more than 65,000 members in 140 countries, ISACA (www.isaca.org) is a recognized worldwide leader in IT governance, control, security and assurance. Founded in 1969, ISACA administers the CISA, CISM and CGEIT designations; sponsors international conferences; publishes the Information Systems Control Journal; and develops international information systems auditing and control standards. ____________________________________________________________________________________ Never miss a thing. Make Yahoo your home page. http://www.yahoo.com/r/hs

1 0

Re: [kictanet] Safaricom IPO & Telecom France
by dmakali＠yahoo.com 27 Mar '08

27 Mar '08

Interesting clarification, Nick, but why is the govt apparently hellbent on protecting the underhand deal and the mobitelea link? And any plausible reason why the govt is defiantly proceeding roughshod with the sale, in the name of the public, despite such vocal objections? Is the govt depending on the sale for deficit financing of the budget? The whole thing reeks of something foul like anglo leasing. David Sent from my BlackBerry® wireless device -----Original Message----- From: Nick Wachira <nwachira(a)nation.co.ke> Date: Thu, 27 Mar 2008 18:58:45 To:David Makali <dmakali(a)yahoo.com> Cc:mmathiu@nation.co.ke,Joseph Odindo <jodindo(a)nation.co.ke>,Jaindi Kisero <jkisero(a)nation.co.ke>,Charles 'Mase' Onyango-Obbo <cobbo(a)nation.co.ke>,Peter Munaita <pmunaita(a)nation.co.ke>,Ochieng Rapuro <orapuro(a)nation.co.ke>,Albert Muriuki <amuriuki(a)nation.co.ke> Subject: Re: Safaricom IPO & Telecom France We need to check the facts first and there are problems in this story. Telkom Kenya gave up its 40 per cent stake in Safaricom late last year as BD reported in exchange of the government taking over Sh67 billion of its debts (the way Kenya did with KLM in the KQ transaction in 1996). In short GOK bought TKL's stake in Safcom for Sh68 billion, which Parliament approved. France Telecom does not own a piece of Safcom, but it is in the process of being awarded the fourth mobile phone license if this has not been done already. CCK should already have placed ads in the papers asking to public to petition if they objected France Telecom getting this licence. On Mar 27, 2008, at 6:41 PM, David Makali wrote: > Nick, Odindo, Jaindi, Mutuma: > > Guys, this is staggering. The press must save Kenya > from this disgraceful pass. Over to you. > David > > > >> Wananchi, >> >> >> >> I do not see how the Safaricom IPO can be stopped >> now without the GoK >> incurring hefty penalties. So many institutions >> engaged have spend huge sums >> >> of money they just can't fold their papers and >> accept to walk away 'hand >> nothing'. >> >> The reality is that *Continuous Disclosure* of info >> by companies trading at >> the NSE >> isn't enforced at all. In fact, a govt that thrives >> on opaqueness cannot be >> expected >> to legislate against opaqueness much less enforce >> such legislation if it >> existed. >> >> When the UK Serious Fraud Office started >> investigating Vodafone UK, that >> company's >> subsidiary (Vodafone Kenya) is said to have quickly >> swallowed Mobitelea's 5% >> shareholding in Safaricom reverting back to owning >> 40%of Safaricom while >> giving >> Mobitelea 12.7% of Vodafone (K) itself. And, info >> from the grapevine has it >> that >> Mobitelea and Vodafone (K) are presently arguing >> over shareholding. So >> Vodafone >> is lying in the bed it made. Who knows! Mobitelea >> might have been >> deregistered >> already and another company assigned Mobitelea's >> interest in Vodafone >> Kenya. >> >> There was fraud and govt covered up. Now they must >> keep covering up for as >> long >> as they can. But this is not all. There is a bigger >> problem that people are >> forgetting. >> Namely, that a big junk of proceeds from the >> Safaricom IPO will go to >> Telecom >> France (and the shadowy figures who facilitated >> their recent susipicious >> takeover of >> Telecom Kenya). >> >> *Telecom France got 51% of Telecom Kenya at >> Sh23billion*! The takeover was >> suspicious indeed. The GoK thro' Telecom Kenya owns >> 60% of Safaricom (i.e. >> 60% of Sh200billion) which equals to Sh120billion. >> The French now own 51% of >> >> Telecom Kenya which means they also own 51% of >> Telecom's holding in >> Safaricom >> (i.e. 51% of 120billion = *Sh61billion*) and this is >> in addition to 51% of >> other Telecom >> Kenya assets. What is depressing is the fact that >> the French who paid >> Sh23billion for >> 51% of Telecom Kenya will walk away with 51% of the >> proceeds of the IPO ( >> i.e. >> 51% of Sh50billion =Sh25.3billion). They will still >> own 51% of what remains >> of Telecom >> Kenya and its stake in Safaricom. This is daylight >> robbery. And the French >> are very >> notorious for such fraudulent activities outside of >> France. >> >> *Scenario* >> Telecom Kenya is valued at about *Sh54billion* >> (although it owns * >> Sh120billion* worth >> of Safaricom shares in addition to >> numerous other assets) >> Telecom France pays *Sh23billion* for 51% of Telecom >> Kenya >> Safaricom IPO Telecom Kenya sells percentage of its >> holding to get approx * >> Sh50billion >> *Telecom France to get 51% of* Sh50billion *(IPO >> proceeds)* = approx >> Sh25.5billion* >> You buy a company at Sh23billion and get your money >> back immediately and >> continue to own >> the company! * >> >> *I cannot understand how the French crooks could >> have been given 51% of our >> Telco for free. >> Someone tell me, please. >> >> I'm surprised no one is talking about this. >> >> Kanaka__,_._,___ >> >> > >> >> > > >_______________ > > "If my doctor told me I had only six minutes to live, > I wouldn't brood. I'd type a little faster." > — Isaac Asimo, Columbian Author and Scientist >_______________ > > PO Box 3234 > 00200 Nairobi, Kenya > cell: +254 722 517 540 > > > >______________________________________________________________________ >______________ > Looking for last minute shopping deals? > Find them fast with Yahoo! Search. http://tools.search.yahoo.com/ > newsearch/category.php?category=shopping DISCLAIMER: The information contained in or accompanying this e-mail is intended for the use of the stated recipient only. It may contain confidential, proprietary or legally privileged information. No confidentiality or privilege is waived or lost by any mistransmission. If you receive this message in error, please immediately delete it and all copies of it from your system, destroy any hard copies of it and notify the sender. You must not, directly or indirectly, use, disclose, distribute, print, or copy any part of this message if you are not the intended recipient. Any views or opinions presented herein are solely those of the author and do not necessarily represent those of the Nation Media Group. ‘To get all breaking news alerts send the word BREAK to 6667 or visit http://www.nationmedia.com/wap to read news on your mobile phone.’ --~--~---------~--~----~------------~-------~--~----~ YOU ARE IN KAZI AFRIKA GROUP UNSUBSCRIBE: kaziafrika-unsubscribe(a)googlegroups.com http://groups.google.com/group/kaziafrika?hl=en www.kazi-africa.com FOR A VERY PEACEFUL KENYA -~----------~----~----~----~------~----~------~--~---

1 0

Re: [kictanet] Safaricom IPO & Telecom France
by David Makali 27 Mar '08

27 Mar '08

Nick, Odindo, Jaindi, Mutuma: Guys, this is staggering. The press must save Kenya from this disgraceful pass. Over to you. David > Wananchi, > > > > I do not see how the Safaricom IPO can be stopped > now without the GoK > incurring hefty penalties. So many institutions > engaged have spend huge sums > > of money they just can't fold their papers and > accept to walk away 'hand > nothing'. > > The reality is that *Continuous Disclosure* of info > by companies trading at > the NSE > isn't enforced at all. In fact, a govt that thrives > on opaqueness cannot be > expected > to legislate against opaqueness much less enforce > such legislation if it > existed. > > When the UK Serious Fraud Office started > investigating Vodafone UK, that > company's > subsidiary (Vodafone Kenya) is said to have quickly > swallowed Mobitelea's 5% > shareholding in Safaricom reverting back to owning > 40%of Safaricom while > giving > Mobitelea 12.7% of Vodafone (K) itself. And, info > from the grapevine has it > that > Mobitelea and Vodafone (K) are presently arguing > over shareholding. So > Vodafone > is lying in the bed it made. Who knows! Mobitelea > might have been > deregistered > already and another company assigned Mobitelea's > interest in Vodafone > Kenya. > > There was fraud and govt covered up. Now they must > keep covering up for as > long > as they can. But this is not all. There is a bigger > problem that people are > forgetting. > Namely, that a big junk of proceeds from the > Safaricom IPO will go to > Telecom > France (and the shadowy figures who facilitated > their recent susipicious > takeover of > Telecom Kenya). > > *Telecom France got 51% of Telecom Kenya at > Sh23billion*! The takeover was > suspicious indeed. The GoK thro' Telecom Kenya owns > 60% of Safaricom (i.e. > 60% of Sh200billion) which equals to Sh120billion. > The French now own 51% of > > Telecom Kenya which means they also own 51% of > Telecom's holding in > Safaricom > (i.e. 51% of 120billion = *Sh61billion*) and this is > in addition to 51% of > other Telecom > Kenya assets. What is depressing is the fact that > the French who paid > Sh23billion for > 51% of Telecom Kenya will walk away with 51% of the > proceeds of the IPO ( > i.e. > 51% of Sh50billion =Sh25.3billion). They will still > own 51% of what remains > of Telecom > Kenya and its stake in Safaricom. This is daylight > robbery. And the French > are very > notorious for such fraudulent activities outside of > France. > > *Scenario* > Telecom Kenya is valued at about *Sh54billion* > (although it owns * > Sh120billion* worth > of Safaricom shares in addition to > numerous other assets) > Telecom France pays *Sh23billion* for 51% of Telecom > Kenya > Safaricom IPO Telecom Kenya sells percentage of its > holding to get approx * > Sh50billion > *Telecom France to get 51% of* Sh50billion *(IPO > proceeds)* = approx > Sh25.5billion* > You buy a company at Sh23billion and get your money > back immediately and > continue to own > the company! * > > *I cannot understand how the French crooks could > have been given 51% of our > Telco for free. > Someone tell me, please. > > I'm surprised no one is talking about this. > > Kanaka__,_._,___ > > > > _______________ "If my doctor told me I had only six minutes to live, I wouldn't brood. I'd type a little faster." -- Isaac Asimo, Columbian Author and Scientist _______________ PO Box 3234 00200 Nairobi, Kenya cell: +254 722 517 540 ____________________________________________________________________________________ Looking for last minute shopping deals? Find them fast with Yahoo! Search. http://tools.search.yahoo.com/newsearch/category.php?category=shopping --~--~---------~--~----~------------~-------~--~----~ YOU ARE IN KAZI AFRIKA GROUP UNSUBSCRIBE: kaziafrika-unsubscribe(a)googlegroups.com http://groups.google.com/group/kaziafrika?hl=en www.kazi-africa.com FOR A VERY PEACEFUL KENYA -~----------~----~----~----~------~----~------~--~---

1 0

Private investors sign up for stake in cable project
by Bill Kagai 27 Mar '08

27 Mar '08

* Private investors sign up for stake in cable project* http://www.bdafrica.com/index.php?option=com_content&task=view&id=6661&Item… * March 27, 2008:* The construction of the undersea fibre optic cable that is to connect Kenya to the world of high speed Internet has received a big boost with the signing of an agreement that paves the way for the private sector to contribute to its financing. The agreement which makes the signatories co-owners of the East African Marine System project with the Government, was signed last week even as the new shareholders forced out two prospective buyers. The new shareholder agreement leaves Safaricom and the Government of Kenya as the anchor shareholders with a 20 per cent stake each in the project and Wananchi Telecom with 10 per cent. Kenya Data Network and Celtel jointly acquired a 10 per cent stake in the company while France Telecom and Econet Kenya have a 10 per cent share each. Jamii Telkom got four per cent although it had initially expressed interest in buying 3.75 per cent. Two firms, Gilat Satcom and Internet Research, a Ghanaian company, were knocked out of the ownership agreement for failing to meet the 20 per cent local representation requirement. Each had expressed an interest in acquiring a 1.25 per cent stake. The identity of two local companies that had expressed interest in the project remains unknown. The companies are, however, said to be associated with Brian Longwe, a Kenyan IT sector businessman. The signing of the shareholder pact, also known as an Escrow agreement comes after the Government signed an initial shareholder agreement with Etisalat of United Arab Emirates. The Government paid 12 per cent of its total 85 per cent ownership in the cable. Etisalat also made a down payment of $1.2 million to cover 12 per cent of its total 15 per cent ownership of the cable. These two payments gave Alcatel-Lucent, the company that won the tender to build the cable from Fujairah to the port of Mombasa . Manufacturing the cables was to begin on March 15, this year, but started three days later. Information ministry Permanent secretary, Bitange Ndemo, said Alcatel-Lucent has appointed a team to oversee construction. The timeline for the TEAMs project indicates that it should be ready by the second quarter of next year. Other than TEAMs, two other fibre optic cables, SEACOM and EASSy are competing to connect East Africa to the global network of highspeed internet. EASSy concluded financial closure in the last week of February having raised $248 million that enabled it to make a down payment to the contractor Alcatel-Lucent. According to the EASSy secretariat, the first phase of construction kicked off on March 14, this year and is expected to be ready in the first half of 2010. The EASSy cable will run 10,500 kilometres from South Africa, through Mozambique, Madagascar, Comoros, Mayotte, Tanzania, Kenya, Somalia, Djibouti and Sudan. Thirteen land locked countries will also be linked to the system through terrestrial backbone networks. This includes, Bostwana, Burundi, Central Africa Republic, the Democratic Republic of Congo, Chad, Ethiopia, Lesotho, Malawi, Rwanda Swaziland, Uganda, Zambia and Zimbabwe. Jamii Telecom Limited, a subsidiary of the AdGroup of Companies' investment in TEAMS project is meant to complement its Metro Fiber Network whose construction began last year. Technology company AccessKenya has a 1.25 per cent stake in the project and aims at increasing its bandwidth capacity 10 times. Access Kenya is yet to disclose the amount of money it plans to pump into the project. So far Jamii has spent more than Sh500 million on the Nairobi Metro Fibre –– targeting a market that is currently dominated by Telkom Kenya and Kenya Data Networks (KDN) ––and plans to spend additional Sh700 million in the network. By buying into TEAMS, Jamii and Access Kenya hope to provide terrestrial connectivity that will ultimately hook consumers to the global network of high speed Internet. John Kamau, the general manager at Jamii said the firm hoped to leverage on the National Fiber Optic backbone to enhance international connectivity. Kenya's information communication technology (ICT) sector is expected to grow tremendously once the fibre optic cables are up and running. The cables will stop reliance on the more expensive satellite technologies, bringing down costs and attracting new players especially in the Business Process Outsourcing, call centres, segment. Mr Kamau says that the Jamii's Metro Fiber network, is able to support High Definition Video, Voice and Data is ideal for Telco's, businesses with branch networks like banks, BPOs, disaster recovery sites, SMEs, ISP's, Media Houses and residential users among others.

3 2