<
emko@internetresearch.com.gh> wrote:
>Dear Peterson,
>
>I go with you on the wheel that the vested interest of the country
>in
>paramount.....
>
>The elements of my case though disappointing, i went with the
>established criteria since was applied across board but then in
>the
>situation where most of the local companies are majority owned by
>non-
>Africans, then one needs to look into the criteria again.
>
>The larger question, we need to raise is how do we ensure that the
>
>interest of other African investors can be unheld in another
>African
>jurisdiction, in the context of developing Africa by Africans. You
>
>know the TEAMS process is still ongoing so lets allow the
>establish
>procedures and policies to work, am patient and dont have any hard
>
>feelings at all.
>
>The other big question that we need to answer is, these huge
>infrastructure projects require huge sums of money, personally am
>not
>a deep pocket in that sense but at least i can raise the money,
>may
>be from another African country or worse case outside the
>continent
>if the amounts are way over. The TEAMS model where public funds
>are
>used to underwrite the risk in order to ensure that the entry
>barriers for investment are minimised so local investors and
>entrepreneurs can participate are innovative and i personally want
>to
>give the TEAMS model a chance to succeed. We as Africans need to
>evolve solutions to our unique problems, ofcourse borrowing in
>same
>cases from others who have gone ahead.
>
>Unfortunately, i would have to distant myself from some of the
>allegations though you establish them on factual basis, it would
>be
>good for the right authorities to follow it through so that we
>have
>conclusive situations. Also, those involved must be given a chance
>to
>present their side of the argument so that those in this forum can
>be
>more knowledgable. Again, if we can keep it tactful, then the
>common
>good is preserved for the sake of posterity.
>
>Have a good weekend, good people.
>
>
>
>On 10 Oct 2008, at 20:16,
mwananchi@hushmail.com wrote:
>
>> Dear Eric,
>>
>> At the end of the day, Kenyans only want the best for our
>nation.
>> Kenyans certainly are not against beneficial foreign direct
>> investment and welcome it provided it is conducted under
>policies
>> that result in a win-win situation for Kenyans and the investor.
>> Unfortunately the country's policies particularly those being
>> fronted now do not reflect that wish, which is why it is
>important
>> that the Government pay attention to what local and would be
>> international investors are saying and strike a balance that is
>a
>> win-win for both.
>>
>> In your case, had PS Ndemo stuck with his proposal that he made
>in
>> 2007, Internet Research would not be experiencing any hurdles.
>The
>> local component would also have been preserved in a manner not
>> detrimental to your company.
>>
>> I hope that PS Ndemo will address the issue of your company.
>Kenya
>> as an African country should not be deterring Kenyan or any
>other
>> African investors who are credible and who operate and respect
>our
>> laws and institutions instead of trampling them underfoot and in
>> the one case that has been mentioned, deliberately failing to
>meet
>> their obligations for over 4 years. These are the same types of
>> investors who have been rejected by Altech, the nations of Papua
>> New Guinea, Malawi, Nigeria. The same characters who failed to
>meet
>> their licence obligations for years in New Zealand and were
>lucky
>> to get token percentage ownership of what was left when credible
>> investors took over and who in Lesotho have been engaged in tax
>and
>> roaming link frauds.
>>
>>
http://rapidshare.com/files/152715858/fraud_in_lesotho.pdf
>>
>> They finally found a safe haven to land in Kenya embraced by a
>> culture of impunity where it does not matter if you meet your
>> obligations or if you operate with cancelled licences provided
>> powerful vested interests pave and coerce the way for you.
>>
>> When we reject investors whom we know such as Eric and embrace
>> undesirable investors instead, it shows why we precisely are
>> lagging behind in FDI. Indeed if Kenya gave investors 5 years as
>it
>> did in this particular case to pay licencing fees, the country
>> would be overwhelmed with numerous investors. As the occassion
>of
>> Moi Day graces us today, the Moi government despite its many
>flaws
>> was quick to realize what type of animal this was and correctly
>> rejected them not just once but twice.
>>
>> Peterson
>>
>> On Fri, 10 Oct 2008 03:31:48 +0000 "Eric M.K Osiakwan"
>> <
emko@internetresearch.com.gh> wrote:
>>> Dear Peterson,
>>>
>>> Thanks for establishing a set of facts and am sure the right
>>> people
>>> would respond to the issues you have riased. I hope the
>discussion
>>>
>>> would continue on a factual basis and not degenerate.
>>>
>>> I want to also present one set of facts regarding my
>participation
>>> in
>>> the TEAMS project. My company, Internet Research went through
>the
>>>
>>> entire process and indeed qualified to be allocated shares but
>at
>>> one
>>> of the proposed shareholders meeting, the issue of local
>ownership
>>>
>>> came up.
>>>