>----- Forwarded message (mukiri wa githendu <[log in to unmask]>) -----<
I think the paragraph concerning telecommunications is
of interest to this list, notice also that the power sector is
also slated for upgrading via foreign investment, as has
been mentioned in other posts these two commodities
are essential for the development of relevent IT in
>KENYA Kenya improves foreign investor bourse incentives
> NAIROBI, June 15 (Reuter) - Kenya's Finance Minister Musalia
> Mudavadi announced on Thursday reforms aimed at boosting foreign
> investment on the Nairobi Stock Exchange (NSE) and the
> privatisation of major state corporations.
> Mudavadi said during his budget speech for the 1995/1996 year the
> ceiling on foreign ownership of share capital of any one stock
> listed on the NSE was being raised to 40 percent from 20.
> Foreign investors were invited into Kenya's bourse, Sub-Saharan
> Africa's third largest, in January this year but many complained
> the access was too limited.
> Mudavadi said foreign investors' individual ownership of any
> particular stock would be raised from 2.5 per cent to five per
> cent. Foreign investment has so far been cautious.
> ``These changes will open up new sources of investment in Kenyan
> companies,'' Mudavadi told parliament.
> He announced his government's intention to privatise the national
> carrier Kenya Airways (KA) and its freight-handling arm by the end
> of the year. A portion of KA will be floated on the NSE, officials
> have said in the past.
> Other state corporations he said would be restructured or
> privatised included Kenya Railways, Kenya Ports Authority, Kenya
> Posts and Telecommunications and the power sector.
> Kenya's currency was made fully convertible last year, but some
> restrictions remained.
Excerpted from: Online AfricaNews--06/15/95
W. Hank Ashley [log in to unmask]
Knowing how we got here,
Doesn't mean we know where we are.