---------- Forwarded message ---------- From: info@circuitspackets.co.ke <info@circuitspackets.co.ke> Date: Nov 29, 2006 12:01 PM Subject: [Stock-Detective News] Investing in the Teams Project To: news@stock-detective.co.ke Posted by Admin on www.stock-detective.co.ke Investing in the Teams Project On 6th November, 2006, the Government of Kenya through the Communications Commission of Kenya (CCK) advertised an 'Expression of Interest' (EOI) for a 'Lead Financial Arranger' for the 'East Africa Marine System' (TEAMS) project. The EOI further read that ICT sector growth is limited by inadequate international connectivity and over-reliance on expensive satellite connectivity. After exploring other international connectivity alternatives with no tangible results realized to date, the situation compelled the Government to consider facilitating the construction of a submarine cable system with a landing port in Mombasa to be established through a special purpose vehicle (SPV). The 'Lead Financial Arranger' is thus required to facilitate an elaborate financing mechanism for this project. On 18th November 2006, the Government announced that Telkom Kenya had signed a Sh5.7 billion pact with Etisalat of Dubai paving the way for the construction of an undersea cable linking Mombasa to Fujairah in the United Arab Emirates. The construction and supply contract will be awarded early next year and the project, dubbed The East African Marine System (Teams), will be ready by November, according to a joint statement issued by both parties from Dubai. Kenya will have a 40 per cent holding in the project, Etisalat 20 and the remaining will go to investors in the East African region. There is no doubt that this will be a good investment with good returns for those who invest in the Teams project. The project will also open up opportunities such as business process outsourcing and electronic commerce for other sectors such as tourism. A significant chunk of the financing is expected to be realized through the stock market making it a first where capital to finance a project is generated from the investing public. As part of our 'Intelligent Investor Series' we invite you to submit your comments by clicking on the comment button on the home page of www.stock-detective.co.ke . We would like to know your opinion on the project and the fundamentals that might compel you to put in funds in this kind of a venture. The Stock-Detective will then develop a comprehensive report that will be shared on this website. www.stock-detective.co.ke _______________________________________________ News mailing list News@stock-detective.co.ke http://www.stock-detective.co.ke:8080/cgi-bin/mailman/listinfo/news -- -- 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