Ur such a pusy, kama tukio la Mwanza haikua news wewe nyang'au wa kenya ulijuaje kama sio kupitia news?? Pathetic
World bank ranks: Kenya second on logistics
World bank ranks: Kenya second on logistics
- Thread starter Ian Cruz
- Start date
Which posts? Share with us the posts....the problem with Kenyans are bragging too much, less action na utapeli mwingi....
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 65,136
- 91,917
Tanzania: Improved Swissport Share Supply Boosts Dse By 56%
Photo: Leonard Magomba
Swissport workers inspect goods inside a cargo flight at the Julius Nyerere International Airport in Dar es Salaam (file photo).
By Samuel Kamndaya
Dar es Salaam — An improved supply of shares for Swissport Tanzania sent the weekly turnover at the Dar es Salaam Stock Exchange (DSE) up by 56 per cent last week as investors remain bullish about the ground handler's business prospects amid expectations that Tanzania's skies will soon get clouded with more air transport operators.
Basically, Swissport shares are highly sought after but they are also hard to come by at the DSE and as a result, investors tend to purchase them under the 'All Or None (AON) arrangement.
The AON is an instruction used on a buy or sell order that instructs the broker to fill the order completely or not at all depending on the availability of stocks.
"So what happened last week was basically an indication that the right demand for Swissport shares did meet the required supply for the ground handler's stocks," said the Zan Securities Limited chief executive officer, Mr Raphael Masumbuko.
Swissport accounted for Sh4.421 billion or 53 per cent of last week's Sh8.3 billion turnover, market data show.
This comes at a time when the government has started delivering on its promise of reviving Air Tanzania Company Limited's lost glory.
It has so far delivered two turbo prop Bombardier aircrafts. President John Magufuli told editors last week that the government has also made a 30 per cent advanced payment of three more aircrafts - including a 137-150-seater jet of Bombardier CS300 model - which will arrive in the country next year. Similarly, the government has also made a 10 per cent advanced payment for the purchase of a 200-seater Boeing that will be plying directly between Dar es Salaam and America, China and Russia among others.
Domestically, while Precision Air and Fastjet are strategising to further improve their operations, the Tanzania Civil Aviation Authority announced two weeks ago that two new operators have applied for licenses to start scheduled domestic flights.
Apart from Swissport, TBL and DSE Plc also emerged as some of the most active counters at the Dar es Salaam bourse last week, according to data compiled by Tanzania Securities Limited (TSL).
TBL - which makes Kilimanjaro Premium and Safari Lager among other beer brands - accounted for Sh2.779 billion or 34 per cent of the week's turnover while the DSE Plc's Sh943.72 million-contribution was equivalent to 11.3 per cent of the week's turnover.
During the preceding week (week ending October 28), some Sh5.304 billion was registered in total turnover.
Tanzania: Improved Swissport Share Supply Boosts Dse By 56%
Photo: Leonard Magomba
Swissport workers inspect goods inside a cargo flight at the Julius Nyerere International Airport in Dar es Salaam (file photo).
By Samuel Kamndaya
Dar es Salaam — An improved supply of shares for Swissport Tanzania sent the weekly turnover at the Dar es Salaam Stock Exchange (DSE) up by 56 per cent last week as investors remain bullish about the ground handler's business prospects amid expectations that Tanzania's skies will soon get clouded with more air transport operators.
Basically, Swissport shares are highly sought after but they are also hard to come by at the DSE and as a result, investors tend to purchase them under the 'All Or None (AON) arrangement.
The AON is an instruction used on a buy or sell order that instructs the broker to fill the order completely or not at all depending on the availability of stocks.
"So what happened last week was basically an indication that the right demand for Swissport shares did meet the required supply for the ground handler's stocks," said the Zan Securities Limited chief executive officer, Mr Raphael Masumbuko.
Swissport accounted for Sh4.421 billion or 53 per cent of last week's Sh8.3 billion turnover, market data show.
This comes at a time when the government has started delivering on its promise of reviving Air Tanzania Company Limited's lost glory.
It has so far delivered two turbo prop Bombardier aircrafts. President John Magufuli told editors last week that the government has also made a 30 per cent advanced payment of three more aircrafts - including a 137-150-seater jet of Bombardier CS300 model - which will arrive in the country next year. Similarly, the government has also made a 10 per cent advanced payment for the purchase of a 200-seater Boeing that will be plying directly between Dar es Salaam and America, China and Russia among others.
Domestically, while Precision Air and Fastjet are strategising to further improve their operations, the Tanzania Civil Aviation Authority announced two weeks ago that two new operators have applied for licenses to start scheduled domestic flights.
Apart from Swissport, TBL and DSE Plc also emerged as some of the most active counters at the Dar es Salaam bourse last week, according to data compiled by Tanzania Securities Limited (TSL).
TBL - which makes Kilimanjaro Premium and Safari Lager among other beer brands - accounted for Sh2.779 billion or 34 per cent of the week's turnover while the DSE Plc's Sh943.72 million-contribution was equivalent to 11.3 per cent of the week's turnover.
During the preceding week (week ending October 28), some Sh5.304 billion was registered in total turnover.
Tanzania: Improved Swissport Share Supply Boosts Dse By 56%
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 65,136
- 91,917
Armadale reports 'promising' graphite carbon reuslts at Tanzania project
Maryam Cockar | Sharecast | 08 Nov, 2016 12:21 - Updated: 13:02 | | |
17:25 08/11/16
Natural resource investment company Armadale Capital reported that initial assay results were “promising” as it found high-grade graphite mineralisation up to 26% of total graphitic carbon at the Mahenge Liandu project in Tanzania.
Initial assay results from the 2016 drilling campaign across a range of intervals, up to 47 meters in width, found that grades are consistent with trends from the 2015 assay results, which encompassed 60 metres at 10.7% total graphitic carbon including 24 metres at 12.9% total graphitic carbon and 5 meters at 21.5% total graphitic carbon.
The company said the remaining assay results will be finalised and announced shortly, while feedback on the Australasian Joint Ore Reserves Committee Code (JORC) modelling are due by the end of 2016, and to indicates a substantial graphite resource.
Metallurgical test-work on initial purity and flake size distribution of graphite concentrate is ongoing.
Chairman William Frewen said: “The wide intervals and high grade nature of the results are encouraging and should positively impact the extraction costs given the close proximity to the surface of the mineralisation. The board is confident the remaining assay results will further reinforce the project’s upside potential, which will in turn be further bolstered by ongoing JORC modelling.
“With demand for natural graphite forecast to accelerate significantly as new lithium-ion battery giga-factories come on stream, Armadale is ideally positioned to capitalise on this compelling supply-demand market fundamentals.”
He added that the results reinforce the potential for commercial viability of the Mahenge Liandu graphite project, against a highly favourable macro outlook.
Shares in Armadale Capital were up 7.43% to 3.76p at 1221 GMT.
Armadale reports 'promising' graphite carbon reuslts at Tanzania project | Digitallook.com
Maryam Cockar | Sharecast | 08 Nov, 2016 12:21 - Updated: 13:02 | | |
17:25 08/11/16
Natural resource investment company Armadale Capital reported that initial assay results were “promising” as it found high-grade graphite mineralisation up to 26% of total graphitic carbon at the Mahenge Liandu project in Tanzania.
Initial assay results from the 2016 drilling campaign across a range of intervals, up to 47 meters in width, found that grades are consistent with trends from the 2015 assay results, which encompassed 60 metres at 10.7% total graphitic carbon including 24 metres at 12.9% total graphitic carbon and 5 meters at 21.5% total graphitic carbon.
The company said the remaining assay results will be finalised and announced shortly, while feedback on the Australasian Joint Ore Reserves Committee Code (JORC) modelling are due by the end of 2016, and to indicates a substantial graphite resource.
Metallurgical test-work on initial purity and flake size distribution of graphite concentrate is ongoing.
Chairman William Frewen said: “The wide intervals and high grade nature of the results are encouraging and should positively impact the extraction costs given the close proximity to the surface of the mineralisation. The board is confident the remaining assay results will further reinforce the project’s upside potential, which will in turn be further bolstered by ongoing JORC modelling.
“With demand for natural graphite forecast to accelerate significantly as new lithium-ion battery giga-factories come on stream, Armadale is ideally positioned to capitalise on this compelling supply-demand market fundamentals.”
He added that the results reinforce the potential for commercial viability of the Mahenge Liandu graphite project, against a highly favourable macro outlook.
Shares in Armadale Capital were up 7.43% to 3.76p at 1221 GMT.
Armadale reports 'promising' graphite carbon reuslts at Tanzania project | Digitallook.com
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 65,136
- 91,917
Standard gauge railway tenders announced
Reli Assets Holding Company Limited (RAHCO) announced four tenders for design and build contract for the remaining stretch of the railway line that will link Dar es Salaam port with the landlocked neighbouring Rwanda, Burundi and Eastern part of DR Congo and facilitate transport in the central corridor.
The works include design and build contract for 336 kilometre stretch of the standard gauge railway (SGR) line from Morogoro to Makutopora, a 294 kilometre stretch from Makutopora to Tabora, a 133 kilometre long Tabora to Isaka and works contract for 294 kilometre stretch from Isaka to Mwanza.
RAHCO had announced tender for design and build contract for the 202 kilometre stretch of the SGR line from Dar es Salaam to Morogoro in September, this year.
The construction work is expected to begin within the current financial year and the government has set aside 1.0tri/- in the current financial year as initial cost of the project.
Tanzania wants to make optimal use of its long coastline and upgrade the railway network and roads to serve growing economies in the landlocked heart of Africa. The government secured a $7.6 billion loan from China’s Export-Import Bank (Exim) in July to build the SGR line that will link it to its neighbours.
The State House said in a statement that Exim had agreed to provide the concessional loan to finance construction of a major standard gauge railway line, which will start in this financial year following talks between President John Magufuli and Exim Bank President Liu Liange in Dodoma.
“The planned standard gauge railway line will improve regional trade links and help to boost the economies of Tanzania and its landlocked neighbours including Uganda, Rwanda, Burundi and the Democratic Republic of the Congo (DRC),” the statement said.
Construction of the standard gauge railway line will be one of the biggest project that is expected to be carried out by the government under President John Magufuli and it’s expected to change the phase of the transport industry and above all help in improving trade.
Transport is among key drivers of growth in Tanzania and the SGR line is expected to stimulate growth and development in the nation.
Standard gauge railway tenders announced
nomasana, sam999, NairobiWalker, hbuyosh, msemakweli, simplemind, Kimweri, Bulldog, MK254, Kafrican,Ngongo, Ab_Titchaz, mtanganyika mpya, JokaKuu, Ngongo, Askari Kanzu, Dhuks, Yule-Msee, waltham, mombasite gabriel, Juakali1980, Boda254, mwaswast, MwendaOmo, Iconoclastes, oneflash, Kambalanick, 1 Africa, saadeque, burukenge, nyangau mkenya, Teen-Upperhill Nairobi, kadoda11
Reli Assets Holding Company Limited (RAHCO) announced four tenders for design and build contract for the remaining stretch of the railway line that will link Dar es Salaam port with the landlocked neighbouring Rwanda, Burundi and Eastern part of DR Congo and facilitate transport in the central corridor.
The works include design and build contract for 336 kilometre stretch of the standard gauge railway (SGR) line from Morogoro to Makutopora, a 294 kilometre stretch from Makutopora to Tabora, a 133 kilometre long Tabora to Isaka and works contract for 294 kilometre stretch from Isaka to Mwanza.
RAHCO had announced tender for design and build contract for the 202 kilometre stretch of the SGR line from Dar es Salaam to Morogoro in September, this year.
The construction work is expected to begin within the current financial year and the government has set aside 1.0tri/- in the current financial year as initial cost of the project.
Tanzania wants to make optimal use of its long coastline and upgrade the railway network and roads to serve growing economies in the landlocked heart of Africa. The government secured a $7.6 billion loan from China’s Export-Import Bank (Exim) in July to build the SGR line that will link it to its neighbours.
The State House said in a statement that Exim had agreed to provide the concessional loan to finance construction of a major standard gauge railway line, which will start in this financial year following talks between President John Magufuli and Exim Bank President Liu Liange in Dodoma.
“The planned standard gauge railway line will improve regional trade links and help to boost the economies of Tanzania and its landlocked neighbours including Uganda, Rwanda, Burundi and the Democratic Republic of the Congo (DRC),” the statement said.
Construction of the standard gauge railway line will be one of the biggest project that is expected to be carried out by the government under President John Magufuli and it’s expected to change the phase of the transport industry and above all help in improving trade.
Transport is among key drivers of growth in Tanzania and the SGR line is expected to stimulate growth and development in the nation.
Standard gauge railway tenders announced
nomasana, sam999, NairobiWalker, hbuyosh, msemakweli, simplemind, Kimweri, Bulldog, MK254, Kafrican,Ngongo, Ab_Titchaz, mtanganyika mpya, JokaKuu, Ngongo, Askari Kanzu, Dhuks, Yule-Msee, waltham, mombasite gabriel, Juakali1980, Boda254, mwaswast, MwendaOmo, Iconoclastes, oneflash, Kambalanick, 1 Africa, saadeque, burukenge, nyangau mkenya, Teen-Upperhill Nairobi, kadoda11
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 65,136
- 91,917
Why new ATCL jetliners could turn Tanzania into a transport hub
www.ippmedia.com/en/news/why-new-atcl-jetliners-could-turn-tanzania-transport-hub
President John Magufuli announced last week that the government has already ordered two jetliners for the national flag carrier, including a Boeing aircraft and a Bombardier CS300 plane.
Magufuli said the government would buy another regional turboprop aircraft, the Bombardier Q400, to add to the two brand new Q400 planes that were delivered in September by the Canadian aircraft manufacturer.
"We have ordered three more planes ... one is a Bombardier Q400 and the other is the (Bombardier) CS300 plane with a capacity to carry between 137 and 150 passengers," said Magufuli when addressing journalists at State House.
"We will also order another plane, a Boeing aircraft with the capacity of seating 242 passengers ... we cannot promote tourism without having a vibrant national air carrier."
Aviation experts told The Guardian that the Boeing 787 Dreamliner is likely the aircraft that President Magufuli referred to in his remarks to the media.
The planned fleet expansion over the next two years is expected to transform ATCL into the biggest airline in Tanzania ahead of the struggling Precision Air and Fastjet airlines, analysts said.
“The arrival of the new planes will obviously give us a competitive advantage in the market," ATCL Chief Executive Officer Eng Ladislaus Matindi told The Guardian in a telephone interview.
He said the jetliners would enable ATCL to introduce new international flights to the lucrative United Arab Emirates (UAE) market and elsewhere.
Matindi said several ATCL pilots were already undergoing training to enable them to fly the new planes.
Former cabinet minister and aviation business expert Anthony Diallo hailed the planned ATCL fleet expansion, saying it would significantly boost efforts to revive the airline.
“This is what I have always been saying ... ATC should add at least two Bombardier CS300 jet planes to its fleet to compliment the newly-acquired Q400 planes," he said.
"The addition of the new planes will make ATCL a strong regional airline in terms of competitiveness.”
Players in the tourism industry have similarly lauded the government's decision to purchase new planes for the national flag carrier.
The executive secretary of the Tourism Confederation of Tanzania (TCT), Richard Rugimbana, said a strong ATCL would help spur the country's $2 billion-a-year tourism industry.
Once the new jet planes become operational in 2018 as envisaged, they will help to increase the inflow of international flights to Tanzania hence bring in more foreign visitors, he said.
"Once these planes take to the skies, they will help boost our tourism sector and the county will be assured of more foreign exchange earnings," noted Rugimbana.
He however stressed the importance of running ATCL commercially to avoid a repeat of past mistakes that brought the once-thriving airline to its knees.
On his part, executive secretary of the Tanzania Association of Tour Operators (TATO), Sirili Akko, described the planned ATCL fleet expansion as a move aimed at repositioning the country in the global tourism industry.
"We highly welcome the move because it is clearly geared towards boosting the local tourism industry," he said.
However, tour operators warned that the growth of the industry would continue to be impaired if the country remains an expensive tourism destination compared to regional rival Kenya.
nomasana, sam999, NairobiWalker, hbuyosh, msemakweli, simplemind, Kimweri, Bulldog, MK254, Kafrican, Ngongo, Ab_Titchaz, mtanganyika mpya, JokaKuu, Ngongo, Askari Kanzu, Dhuks, Yule-Msee, waltham, mombasite gabriel, Juakali1980, Boda254, mwaswast, MwendaOmo, Iconoclastes, oneflash, Kambalanick, 1 Africa, saadeque, burukenge, nyangau mkenya, Teen-Upperhill Nairobi, kadoda11
www.ippmedia.com/en/news/why-new-atcl-jetliners-could-turn-tanzania-transport-hubPresident John Magufuli announced last week that the government has already ordered two jetliners for the national flag carrier, including a Boeing aircraft and a Bombardier CS300 plane.
Magufuli said the government would buy another regional turboprop aircraft, the Bombardier Q400, to add to the two brand new Q400 planes that were delivered in September by the Canadian aircraft manufacturer.
"We have ordered three more planes ... one is a Bombardier Q400 and the other is the (Bombardier) CS300 plane with a capacity to carry between 137 and 150 passengers," said Magufuli when addressing journalists at State House.
"We will also order another plane, a Boeing aircraft with the capacity of seating 242 passengers ... we cannot promote tourism without having a vibrant national air carrier."
Aviation experts told The Guardian that the Boeing 787 Dreamliner is likely the aircraft that President Magufuli referred to in his remarks to the media.
The planned fleet expansion over the next two years is expected to transform ATCL into the biggest airline in Tanzania ahead of the struggling Precision Air and Fastjet airlines, analysts said.
“The arrival of the new planes will obviously give us a competitive advantage in the market," ATCL Chief Executive Officer Eng Ladislaus Matindi told The Guardian in a telephone interview.
He said the jetliners would enable ATCL to introduce new international flights to the lucrative United Arab Emirates (UAE) market and elsewhere.
Matindi said several ATCL pilots were already undergoing training to enable them to fly the new planes.
Former cabinet minister and aviation business expert Anthony Diallo hailed the planned ATCL fleet expansion, saying it would significantly boost efforts to revive the airline.
“This is what I have always been saying ... ATC should add at least two Bombardier CS300 jet planes to its fleet to compliment the newly-acquired Q400 planes," he said.
"The addition of the new planes will make ATCL a strong regional airline in terms of competitiveness.”
Players in the tourism industry have similarly lauded the government's decision to purchase new planes for the national flag carrier.
The executive secretary of the Tourism Confederation of Tanzania (TCT), Richard Rugimbana, said a strong ATCL would help spur the country's $2 billion-a-year tourism industry.
Once the new jet planes become operational in 2018 as envisaged, they will help to increase the inflow of international flights to Tanzania hence bring in more foreign visitors, he said.
"Once these planes take to the skies, they will help boost our tourism sector and the county will be assured of more foreign exchange earnings," noted Rugimbana.
He however stressed the importance of running ATCL commercially to avoid a repeat of past mistakes that brought the once-thriving airline to its knees.
On his part, executive secretary of the Tanzania Association of Tour Operators (TATO), Sirili Akko, described the planned ATCL fleet expansion as a move aimed at repositioning the country in the global tourism industry.
"We highly welcome the move because it is clearly geared towards boosting the local tourism industry," he said.
However, tour operators warned that the growth of the industry would continue to be impaired if the country remains an expensive tourism destination compared to regional rival Kenya.
nomasana, sam999, NairobiWalker, hbuyosh, msemakweli, simplemind, Kimweri, Bulldog, MK254, Kafrican, Ngongo, Ab_Titchaz, mtanganyika mpya, JokaKuu, Ngongo, Askari Kanzu, Dhuks, Yule-Msee, waltham, mombasite gabriel, Juakali1980, Boda254, mwaswast, MwendaOmo, Iconoclastes, oneflash, Kambalanick, 1 Africa, saadeque, burukenge, nyangau mkenya, Teen-Upperhill Nairobi, kadoda11
game over
JF-Expert Member
- Jan 1, 2016
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Tanzania: Standarg gauge railway tenders announced.
The government has invited bidders for construction of the remaining stretch of $7.6 billion standard gauge railway line from Morogoro to Mwanza which is expected to be carried out in four phases.
Reli Assets Holding Company Limited (RAHCO) announced four tenders for design and build contract for the remaining stretch of the railway line that will link Dar es Salaam port with the landlocked neighbouring Rwanda, Burundi and Eastern part of DR Congo and facilitate transport in the central corridor.
The works include design and build contract for 336 kilometre stretch of the standard gauge railway (SGR) line from Morogoro to Makutopora, a 294 kilometre stretch from Makutopora to Tabora, a 133 kilometre long Tabora to Isaka and works contract for 294 kilometre stretch from Isaka to Mwanza.
RAHCO had announced tender for design and build contract for the 202 kilometre stretch of the SGR line from Dar es Salaam to Morogoro in September, this year.
The construction work is expected to begin within the current financial year and the government has set aside 1.0tri/- in the current financial year as initial cost of the project.
Tanzania wants to make optimal use of its long coastline and upgrade the railway network and roads to serve growing economies in the landlocked heart of Africa. The government secured a $7.6 billion loan from China's Export-Import Bank (Exim) in July to build the SGR line that will link it to its neighbours.
The State House said in a statement that Exim had agreed to provide the concessional loan to finance construction of a major standard gauge railway line, which will start in this financial year following talks between President John Magufuli and Exim Bank President Liu Liange in Dodoma.
"The planned standard gauge railway line will improve regional trade links and help to boost the economies of Tanzania and its landlocked neighbours including Uganda, Rwanda, Burundi and the Democratic Republic of the Congo (DRC)," the statement said.
Construction of the standard gauge railway line will be one of the biggest project that is expected to be carried out by the government under President John Magufuli and it's expected to change the phase of the transport industry and above all help in improving trade.
Transport is among key drivers of growth in Tanzania and the SGR line is expected to stimulate growth and development in the nation.
The government has invited bidders for construction of the remaining stretch of $7.6 billion standard gauge railway line from Morogoro to Mwanza which is expected to be carried out in four phases.
Reli Assets Holding Company Limited (RAHCO) announced four tenders for design and build contract for the remaining stretch of the railway line that will link Dar es Salaam port with the landlocked neighbouring Rwanda, Burundi and Eastern part of DR Congo and facilitate transport in the central corridor.
The works include design and build contract for 336 kilometre stretch of the standard gauge railway (SGR) line from Morogoro to Makutopora, a 294 kilometre stretch from Makutopora to Tabora, a 133 kilometre long Tabora to Isaka and works contract for 294 kilometre stretch from Isaka to Mwanza.
RAHCO had announced tender for design and build contract for the 202 kilometre stretch of the SGR line from Dar es Salaam to Morogoro in September, this year.
The construction work is expected to begin within the current financial year and the government has set aside 1.0tri/- in the current financial year as initial cost of the project.
Tanzania wants to make optimal use of its long coastline and upgrade the railway network and roads to serve growing economies in the landlocked heart of Africa. The government secured a $7.6 billion loan from China's Export-Import Bank (Exim) in July to build the SGR line that will link it to its neighbours.
The State House said in a statement that Exim had agreed to provide the concessional loan to finance construction of a major standard gauge railway line, which will start in this financial year following talks between President John Magufuli and Exim Bank President Liu Liange in Dodoma.
"The planned standard gauge railway line will improve regional trade links and help to boost the economies of Tanzania and its landlocked neighbours including Uganda, Rwanda, Burundi and the Democratic Republic of the Congo (DRC)," the statement said.
Construction of the standard gauge railway line will be one of the biggest project that is expected to be carried out by the government under President John Magufuli and it's expected to change the phase of the transport industry and above all help in improving trade.
Transport is among key drivers of growth in Tanzania and the SGR line is expected to stimulate growth and development in the nation.
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 65,136
- 91,917
Kafrican
JF-Expert Member
- Jan 26, 2015
- 7,251
- 7,037
thats the difference between you and us...... there is a common theme in most of the things you've posted, they are 90% articles on paper...
'work on blablabla tender to be issued.....'
'construction of this and that at an advance stage set to begin'
'Tz plans to buy this and that'
'promising returns expected after work on blablahblah begins soon'
'investor may own up to 60% of the pipeline'
....etc
in the mean time, 85% of projects posted here. y kenyans are projects that are already complete,almost complete or already on the ground and can thus be proven by pictures...
Work on phase 1 Mombasa-Nairobi pipeline
'work on blablabla tender to be issued.....'
'construction of this and that at an advance stage set to begin'
'Tz plans to buy this and that'
'promising returns expected after work on blablahblah begins soon'
'investor may own up to 60% of the pipeline'
....etc
in the mean time, 85% of projects posted here. y kenyans are projects that are already complete,almost complete or already on the ground and can thus be proven by pictures...
Work on phase 1 Mombasa-Nairobi pipeline
Edward Wanjala
JF-Expert Member
- Nov 3, 2016
- 8,122
- 6,429
Kenyan roads upclose
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 65,136
- 91,917
Edward Wanjala
JF-Expert Member
- Nov 3, 2016
- 8,122
- 6,429
This one proves the point
Sammuel999
JF-Expert Member
- Jun 1, 2016
- 3,481
- 2,347
Word!!!.....
Hapo sasa.....Mpaka Magu anasema..."Hii ni balabala ya Watanzania pia"
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 65,136
- 91,917
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 65,136
- 91,917
Liquid Telecom secures billions in funding
Econet Wireless unit Liquid Telecom has secured $300m to help fund expansion in Africa and its R6,5bn acquisition of Neotel. By Loni Prinsloo and Manuel Baigorri.
Added by Loni Prinsloo on 17 November 2016.
Saved under News, Top
Tags: Econet, Econet Wireless, Liquid Telecom, Neotel, Nic Rudnick, Strive Masiyiwa
Tweet
Liquid Telecom CEO Nic Rudnick
Econet Wireless unit Liquid Telecom has secured US$300m (about R4,3bn) to help fund expansion in Africa and its R6,5bn acquisition of Neotel.
Standard Bank is arranging the syndicated loan to help fund the Neotel purchase and other deals underway in Botswana and Tanzania, Liquid CEO Nic Rudnick said in an interview in Cape Town.
The company will take on Neotel’s debt as part of the deal struck with Indian seller Tata Communications that’s expected to close early next year.
“The purpose of the additional funding would be to allow the group to expand,” Rudnick said. “Our strategy is to roll out fibre continuously and to bolster that with sensible acquisitions.”
The funding will help Econet pursue its strategy of expanding in Internet services and pay-television in sub-Saharan African to take advantage of cheaper and faster broadband access.
The company founded and run by Zimbabwean businessman Strive Masiyiwa also owns Zimbabwe’s biggest wireless carrier and plans to start a TV product to challenge market leader Naspers.
Liquid agreed to buy Neotel in June when Vodacom abandoned its own pursuit after regulators attached stringent conditions to the deal.
Following the completion of the Neotel deal, Liquid could consider selling shares in the combined entity on a stock exchange, according to Rudnick.
“We haven’t made a final decision on this as we just completed a funding drive,” he said. — (c) 2016 Bloomberg LP
Liquid Telecom secures billions in funding | TechCentral
Econet Wireless unit Liquid Telecom has secured $300m to help fund expansion in Africa and its R6,5bn acquisition of Neotel. By Loni Prinsloo and Manuel Baigorri.
Added by Loni Prinsloo on 17 November 2016.
Saved under News, Top
Tags: Econet, Econet Wireless, Liquid Telecom, Neotel, Nic Rudnick, Strive Masiyiwa
Tweet
Liquid Telecom CEO Nic Rudnick
Econet Wireless unit Liquid Telecom has secured US$300m (about R4,3bn) to help fund expansion in Africa and its R6,5bn acquisition of Neotel.
Standard Bank is arranging the syndicated loan to help fund the Neotel purchase and other deals underway in Botswana and Tanzania, Liquid CEO Nic Rudnick said in an interview in Cape Town.
The company will take on Neotel’s debt as part of the deal struck with Indian seller Tata Communications that’s expected to close early next year.
“The purpose of the additional funding would be to allow the group to expand,” Rudnick said. “Our strategy is to roll out fibre continuously and to bolster that with sensible acquisitions.”
The funding will help Econet pursue its strategy of expanding in Internet services and pay-television in sub-Saharan African to take advantage of cheaper and faster broadband access.
The company founded and run by Zimbabwean businessman Strive Masiyiwa also owns Zimbabwe’s biggest wireless carrier and plans to start a TV product to challenge market leader Naspers.
Liquid agreed to buy Neotel in June when Vodacom abandoned its own pursuit after regulators attached stringent conditions to the deal.
Following the completion of the Neotel deal, Liquid could consider selling shares in the combined entity on a stock exchange, according to Rudnick.
“We haven’t made a final decision on this as we just completed a funding drive,” he said. — (c) 2016 Bloomberg LP
Liquid Telecom secures billions in funding | TechCentral