Re: [Kictanet] [Fibre-for-africa] Whats i have being talking of as a public private partnership in ownership of the critical infrastructur
Thanks for the feed-in, Bill. You raise a very genuine and important concern, which is how would the populace react to an IT stock which they are not familiar with given the track record of similar stocks? Was African Lakes on NSE as well or only on LSE? Eric here On 28 Nov 2006, at 15:38, Bill Kagai wrote:
Trading in one stock exchange does not complicate matters because institutional/foreign investors can still buy shares through the NSE. One good thing is that the NSE is the dominat exchange in EA with 51 listed companies and 3 or so cross listed in Dar and Kampala.
Kampala has only 8 quoted companies and about a similar number in Dar which will soon be trading under one exchange in a couple opf years.
The other interesting challenge will be how the stock is embraced considering that the only IT stock ever listed (African Lakes) collapsed after a while, whilst the anticipated Wananchi IPO has not taken off yet. Basically, we are yet to see how the market will react to IT related stocks. See the following links on the pilot stock-detective.co.ke website we have been developing.
http://www.stock-detective.co.ke
and also on a discussion posted regarding Telkom upcoming listing..
http://www.stock-detective.co.ke/public-discussion-forum/public- discussion-forum/post200609202612783179
-- -- With Kind Regards, Bildad Kagai MD - Circuits & Packets Communications Ltd Content & Training Partner - JKUAT E-Government Academy Suite B2, Tetu Apartments, State House Avenue P. O. Box 20311 - 00200 Nairobi, Kenya Tel. 254 20 2728332 Fax. 254 20 2726965 Cell. 254 724 226600 URL. www.circuitspackets.co.ke URL. www.JKUATEgovAcademy.ac.ke _______________________________________________ Fibre-for-africa mailing list Fibre-for-africa@lists.apc.org http://lists.apc.org/cgi-bin/mailman/listinfo/fibre-for-africa
Eric M.K Osiakwan Executive Secretary AfrISPA (www.afrispa.org) Tel: + 233.21.258800 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"
On 11/28/06, Eric Osiakwan <eric@afrispa.org> wrote:
Was African Lakes on NSE as well or only on LSE?
Yeah. African Lakes was cross-listed at the NSE in March 2000 and was branded as the first Kenyan IPO but did not live to expectations. The company issued 4 million shares at Kshs 94.50 each and as a result secured a secondary listing in the NSE. See http://www.nse.co.ke/History.htm The company then tried raising extra equity but that did not stop its demise leaving the 'technology companies' seriously contemplating the next direction to take in the stock market. See Issue No. 157 on balancing act. http://www.balancingact-africa.com/news/back/balancing-act_157.html We now have Safaricom, Telkom (K) and Wananchi having indicated to test the waters soon. -- With Kind Regards, Bildad Kagai MD - Circuits & Packets Communications Ltd Content & Training Partner - JKUAT E-Government Academy Suite B2, Tetu Apartments, State House Avenue P. O. Box 20311 - 00200 Nairobi, Kenya Tel. 254 20 2728332 Fax. 254 20 2726965 Cell. 254 724 226600 URL. www.circuitspackets.co.ke URL. www.JKUATEgovAcademy.ac.ke
Bill, thanks for the information and links - much appreciated. It means that either TEAMS or EASSy has a big opportunity to change the story and status of technology stocks - another hsitoric dimension to the whole excercise. May be Safaricom or TK or Wananchi would do it first but the important principle is not who makes it first but we must be sure it is DONE WELL and sets a precedent for others to follow. Eric here On 28 Nov 2006, at 16:13, Bill Kagai wrote:
On 11/28/06, Eric Osiakwan <eric@afrispa.org> wrote: Was African Lakes on NSE as well or only on LSE?
Yeah. African Lakes was cross-listed at the NSE in March 2000 and was branded as the first Kenyan IPO but did not live to expectations. The company issued 4 million shares at Kshs 94.50 each and as a result secured a secondary listing in the NSE. See http:// www.nse.co.ke/History.htm
The company then tried raising extra equity but that did not stop its demise leaving the 'technology companies' seriously contemplating the next direction to take in the stock market. See Issue No. 157 on balancing act. http://www.balancingact-africa.com/ news/back/balancing-act_157.html
We now have Safaricom, Telkom (K) and Wananchi having indicated to test the waters soon.
-- With Kind Regards, Bildad Kagai MD - Circuits & Packets Communications Ltd Content & Training Partner - JKUAT E-Government Academy Suite B2, Tetu Apartments, State House Avenue P. O. Box 20311 - 00200 Nairobi, Kenya Tel. 254 20 2728332 Fax. 254 20 2726965 Cell. 254 724 226600 URL. www.circuitspackets.co.ke URL. www.JKUATEgovAcademy.ac.ke _______________________________________________ Fibre-for-africa mailing list Fibre-for-africa@lists.apc.org http://lists.apc.org/cgi-bin/mailman/listinfo/fibre-for-africa
Eric M.K Osiakwan Executive Secretary AfrISPA (www.afrispa.org) Tel: + 233.21.258800 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"
Hi Eric The Kenya money market is on a bull run and the tragedy of African lakes is long forgotten in the rush make money in the NSE. The government has advertised for a lead financial arranger and the EOI was closing on Nov 8 to package local funding for TEAMs. To raise the USD80 M is a done deal. Note also that the three East African stock markets have now partnered to cross list shares - thus it will be easy to raise cash for Teams across the region The sweeter part is that the government is tendering for close to 4300 Km of fibre to go deep into the villages. EOI closes on Dec 15th With 2+1 submarine fibres, 3000 km national backbone fibre , 4300 km rural fibre , 500 km metropolitan rings in under 20 months - Kenya will be the most lighted country in SSA outside South Africa!! A leap of faith after the dark days of monopoly Cheers Muriuki Mureithi --------------------------------------- Summit Strategies Ltd - Strategic support in infocommunication business ICT Consultancy & Research in Eastern & Central African markets Contacts : Tel +254 (20) 3875824 , Cell + 254 (722) 520090, email: <mailto:mureithi@summitstrategies.co.ke> mureithi@summitstrategies.co.ke _____ From: kictanet-bounces+mureithi=summitstrategies.co.ke@kictanet.or.ke [mailto:kictanet-bounces+mureithi=summitstrategies.co.ke@kictanet.or.ke] On Behalf Of Eric Osiakwan Sent: 28 November 2006 13:49 To: mureithi@summitstrategies.co.ke Cc: Kenya ICT Policy - kictanet; Discuss@afrispa.org Subject: Re: [Kictanet] [Fibre-for-africa] Whats i have being talking of asa public private partnership in ownership of the criticalinfrastructur Bill, thanks for the information and links - much appreciated. It means that either TEAMS or EASSy has a big opportunity to change the story and status of technology stocks - another hsitoric dimension to the whole excercise. May be Safaricom or TK or Wananchi would do it first but the important principle is not who makes it first but we must be sure it is DONE WELL and sets a precedent for others to follow. Eric here On 28 Nov 2006, at 16:13, Bill Kagai wrote: On 11/28/06, Eric Osiakwan <eric@afrispa.org> wrote: Was African Lakes on NSE as well or only on LSE? Yeah. African Lakes was cross-listed at the NSE in March 2000 and was branded as the first Kenyan IPO but did not live to expectations. The company issued 4 million shares at Kshs 94.50 each and as a result secured a secondary listing in the NSE. See http://www.nse.co.ke/History.htm The company then tried raising extra equity but that did not stop its demise leaving the 'technology companies' seriously contemplating the next direction to take in the stock market. See Issue No. 157 on balancing act. http://www.balancingact-africa.com/news/back/balancing-act_157.html We now have Safaricom, Telkom (K) and Wananchi having indicated to test the waters soon. -- With Kind Regards, Bildad Kagai MD - Circuits & Packets Communications Ltd Content & Training Partner - JKUAT E-Government Academy Suite B2, Tetu Apartments, State House Avenue P. O. Box 20311 - 00200 Nairobi, Kenya Tel. 254 20 2728332 Fax. 254 20 2726965 Cell. 254 724 226600 URL. www.circuitspackets.co.ke URL. www.JKUATEgovAcademy.ac.ke _______________________________________________ Fibre-for-africa mailing list Fibre-for-africa@lists.apc.org http://lists.apc.org/cgi-bin/mailman/listinfo/fibre-for-africa Eric M.K Osiakwan Executive Secretary AfrISPA (www.afrispa.org) Tel: + 233.21.258800 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" -- No virus found in this incoming message. Checked by AVG Free Edition. Version: 7.1.409 / Virus Database: 268.14.15/550 - Release Date: 24/11/2006
Muriuki, You sound like the angel who went to the sheperds in the field to annouce the birth of the Saviour, Jesus. The other day Brian Longwe had a new baby and when i heard the message, the memory was same.....:-) Like the three wisemen i would be guirding my lions to come and see the manisfestation of what you have sounded below in 2007 and 2008. On a more serious note, we would have to give the Kenyan administration all the support to make this a reality. Am working with some colleagues on the pricing/costing of the cables and we would be out soon. More later. On 28 Nov 2006, at 19:59, Muriuki Mureithi wrote:
Hi Eric
The Kenya money market is on a bull run and the tragedy of African lakes is long forgotten in the rush make money in the NSE. The government has advertised for a lead financial arranger and the EOI was closing on Nov 8 to package local funding for TEAMs. To raise the USD80 M is a done deal. Note also that the three East African stock markets have now partnered to cross list shares – thus it will be easy to raise cash for Teams across the region
The sweeter part is that the government is tendering for close to 4300 Km of fibre to go deep into the villages. EOI closes on Dec 15th
With 2+1 submarine fibres, 3000 km national backbone fibre , 4300 km rural fibre , 500 km metropolitan rings in under 20 months – Kenya will be the most lighted country in SSA outside South Africa!! A leap of faith after the dark days of monopoly
Cheers
Muriuki Mureithi
---------------------------------------
Summit Strategies Ltd -
Strategic support in infocommunication business
ICT Consultancy & Research in Eastern & Central African markets
Contacts : Tel +254 (20) 3875824 , Cell + 254 (722) 520090, email: mureithi@summitstrategies.co.ke
From: kictanet-bounces +mureithi=summitstrategies.co.ke@kictanet.or.ke [mailto:kictanet- bounces+mureithi=summitstrategies.co.ke@kictanet.or.ke] On Behalf Of Eric Osiakwan Sent: 28 November 2006 13:49 To: mureithi@summitstrategies.co.ke Cc: Kenya ICT Policy - kictanet; Discuss@afrispa.org Subject: Re: [Kictanet] [Fibre-for-africa] Whats i have being talking of asa public private partnership in ownership of the criticalinfrastructur
Bill, thanks for the information and links - much appreciated.
It means that either TEAMS or EASSy has a big opportunity to change the story and status of technology stocks - another hsitoric dimension to the whole excercise.
May be Safaricom or TK or Wananchi would do it first but the important principle is not who makes it first but we must be sure it is DONE WELL and sets a precedent for others to follow.
Eric here
On 28 Nov 2006, at 16:13, Bill Kagai wrote:
On 11/28/06, Eric Osiakwan <eric@afrispa.org> wrote:
Was African Lakes on NSE as well or only on LSE?
Yeah. African Lakes was cross-listed at the NSE in March 2000 and was branded as the first Kenyan IPO but did not live to expectations. The company issued 4 million shares at Kshs 94.50 each and as a result secured a secondary listing in the NSE. See http:// www.nse.co.ke/History.htm
The company then tried raising extra equity but that did not stop its demise leaving the 'technology companies' seriously contemplating the next direction to take in the stock market. See Issue No. 157 on balancing act. http://www.balancingact-africa.com/ news/back/balancing-act_157.html
We now have Safaricom, Telkom (K) and Wananchi having indicated to test the waters soon.
-- With Kind Regards, Bildad Kagai MD - Circuits & Packets Communications Ltd Content & Training Partner - JKUAT E-Government Academy Suite B2, Tetu Apartments, State House Avenue P. O. Box 20311 - 00200 Nairobi, Kenya Tel. 254 20 2728332 Fax. 254 20 2726965 Cell. 254 724 226600 URL. www.circuitspackets.co.ke URL. www.JKUATEgovAcademy.ac.ke
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Eric M.K Osiakwan
Executive Secretary
AfrISPA (www.afrispa.org)
Tel: + 233.21.258800
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"
-- No virus found in this incoming message. Checked by AVG Free Edition. Version: 7.1.409 / Virus Database: 268.14.15/550 - Release Date: 24/11/2006
_______________________________________________ Fibre-for-africa mailing list Fibre-for-africa@lists.apc.org http://lists.apc.org/cgi-bin/mailman/listinfo/fibre-for-africa
Eric M.K Osiakwan ICT Consultant and Journalist Tel: + 233.21.258800 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" Eric M.K Osiakwan Executive Secretary AfrISPA (www.afrispa.org) Tel: + 233.21.258800 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"
Muriuki, The concept is grand and strategically looks 'do-able'. But unlike previous public investment which has primarily been on 'blue-chips' such as Kengen, there has virtually been no public awareness in investing on projects that are not on the ground yet. Assuming that money will be generated for a future cable project without educating the investing public on the potential might prove costly if not disastrous. Frenzy at the moment surrounds anticipated listing of Safaricom, Mumias, Kenya Re and Telkom who are not looking for small cash. Nevertheless, we want to see these projects become successful. We will trigger an 'awareness campaign' to over 2000 institutional investors/brokers at the three markets who are in the stock-detective mailing list to hear their reactions. You can join the mailing list at http://www.stock-detective.co.ke/newsletter Cheers, Bill On 11/28/06, Muriuki Mureithi <mureithi@summitstrategies.co.ke> wrote:
Hi Eric
The Kenya money market is on a bull run and the tragedy of African lakes is long forgotten in the rush make money in the NSE. The government has advertised for a lead financial arranger and the EOI was closing on Nov 8 to package local funding for TEAMs. To raise the USD80 M is a done deal. Note also that the three East African stock markets have now partnered to cross list shares – thus it will be easy to raise cash for Teams across the region
The sweeter part is that the government is tendering for close to 4300 Km of fibre to go deep into the villages. EOI closes on Dec 15th
With 2+1 submarine fibres, 3000 km national backbone fibre , 4300 km rural fibre , 500 km metropolitan rings in under 20 months – Kenya will be the most lighted country in SSA outside South Africa!! A leap of faith after the dark days of monopoly
Cheers
Muriuki Mureithi
---------------------------------------
Summit Strategies Ltd -
*Strategic support in infocommunication business *
*ICT Consultancy & Research in Eastern & Central African markets*
Contacts : Tel +254 (20) 3875824 , Cell + 254 (722) 520090, email: mureithi@summitstrategies.co.ke
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participants (3)
-
Bill Kagai -
Eric Osiakwan -
Muriuki Mureithi