₦airaland Forum

rvp2018:
Investing in Equity was smart - Investing whopping 250M in Telkom was dumb - and they have cried for years - I suspect they bribed Uhuru in the last days of his regime to buy them out - 60B - that is 200M dollars down - without even factoring the opportunity cost.

Again understand how such funds work - the money doesnt belong to Nigeria or Nigerians - this investment fund - they need to make money for their investors in London. Their play is Africa - but when they start burning money like in Telkom Kenya - then you know they will not only close shop - but will malign africa as investment destination for other such funds.

Can you provide a link that shows Helios paid $250m for Telkom Kenya?
Did you know Helios already sold off the major real estate of the company before handing a dummy back to Kenyans? They swindled the kenyan taxpayer.

And yes, I know how the fund works. Point I'm driving home is that it's led by two Nigerian guys.

rvp2018:
I hope new gov can offer incentive for this and scale it up.
I think there is another that already in business - they own the batteries - as that is main fear.
We can lead Africa in this - if gov seriously invest in this.

Yeah, BasiGo is already operating.

Soon Matatu will join the group.

Yes that one. Thank. Kenya has competitive advantage in battery industry - already exporting to even Egypt - and we already build buses bodies thanks to Matatu industry - and now we just need to import electric motors. So this industry we can easily corner.

Electric car industry is easy to enter - it doesnt have all the complications that a normal car has - just electric motor - gearbox and battery

Wuoche:
Yeah, BasiGo is already operating.

The City

Kenya is blessed

Only a damn fool who'd buy Telkom Kenya.
The first fools were Orange - they bought it in 2007 for $390 million
Kenya Treasury smiled all the way to the bank knowing the thing was dead - it had more liabilities in pension & court case than assets.
They later realized it was dead - and caused a lot of havoc - including involving the French gov in diplomatic row.
Kenya gov gave them more sweeteners - took off 30B liabilities - told them to add a little more and own 70% of it.
After that Orange - started looking for a bigger fool.
Here comes Helios - I think they paid 250M minimum - but the French might have sold them for even 400-500M
Now they have been crying since 2015 nonstop.
They tried to sell it to Airtel - kenya gov told them - well it critical infrastructure - with key connections to state institutions.
So in heat of last election - they probably bribed the Treasury - got 50M dollars - for 70% and run crying.
I am sure they are still crying even now.

https://www.standardmedia.co.ke/news/article/2000182198/orange-sells-telkom-kenya-to-private-uk-investment-firm?pageNo=1
Orange bought a controlling 51-per cent stake in the company in 2007 for $390 million. The decision by France Telkom to sell off its stake comes following months of frustration at the Government’s inability to clear the path for the restructuring of one of Kenya’s oldest institutions.

In 2012, the State wrote off a Sh30 billion debt in a debt-equity swap that saw France Telkom increase its shareholding by another 20 per cent in efforts that were supposed to mark the beginning of Telkom’s turn-around.

obaaderemi:
Can you provide a link that shows Helios paid $250m for Telkom Kenya?
Did you know Helios already sold off the major real estate of the company before handing a dummy back to Kenyans? They swindled the kenyan taxpayer.

And yes, I know how the fund works. Point I'm driving home is that it's led by two Nigerian guys.

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rvp2018:
Only a damn fool who'd buy Telkom Kenya.
The first fools were Orange - they bought it in 2007 for $390 million
Kenya Treasury smiled all the way to the bank knowing the thing was dead - it had more liabilities in pension & court case than assets.
They later realized it was dead - and caused a lot of havoc - including involving the French gov in diplomatic row.
Kenya gov gave them more sweeteners - took off 30B liabilities - told them to add a little more and own 70% of it.
After that Orange - started looking for a bigger fool.
Here comes Helios - I think they paid 250M minimum - but the French might have sold them for even 400-500M
Now they have been crying since 2015 nonstop.
They tried to sell it to Airtel - kenya gov told them - well it critical infrastructure - with key connections to state institutions.
So in heat of last election - they probably bribed the Treasury - got 50M dollars - for 70% and run crying.
I am sure they are still crying even now.

https://www.standardmedia.co.ke/news/article/2000182198/orange-sells-telkom-kenya-to-private-uk-investment-firm?pageNo=1
Orange bought a controlling 51-per cent stake in the company in 2007 for $390 million. The decision by France Telkom to sell off its stake comes following months ofook frustration at the Government’s inability to clear the path for the restructuring of one of Kenya’s oldest institutions.

In 2012, the State wrote off a Sh30 billion debt in a debt-equity swap that saw France Telkom increase its shareholding by another 20 per cent in efforts that were supposed to mark the beginning of Telkom’s turn-around.

You see, nowhere in your article does it say how much Helios paid for the company. I know you've search tirelessly on the net for information on it. Fact is, they're hiding it. The kenyan government handed the shareholders loan fund to Helios and took some liabilities off helios' hands. Smart move by Helios. Then Helios bit by bit started pushing the government to take shares of the company off its hand, while Helios was selling off the companies assets. At the end of the day Helios still got free $60m for its troubles. Helios smiled to the bank.

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If Orange bought it for 400M plus - you dont imagine they sold it for free . This was horrible investment decision, and they must be happy to finally exit - under the cloud of transition. I bet they bribed their way to get out.

obaaderemi:
You see, nowhere in your article does it say how much Helios paid for the company. The kenyan government handed the shareholders loan fund to Helios and took some liabilities off helios' hands. Smart move. Then Helios bit by that started pushing the government to take shares of the company off its hand, while Helios was selling off the companies assets. At the end of the day Helios still got free $60m for its troubles. Helios smiled to the bank.

JamaicanRum:
My brother you sound like a really smart guy. You've definitely gone to the top schools in your country and probably abroad and I can tell it through your sober and intelligent arguments. One thing I need to understand is why your populace is defending the political class with all the injustice inflicted on them all this years.

Lol the desperation of Kenyans needs to be studied.
This is either shma or another kenyan idiot from
Here masquerading himself as another individual.
But most likely shma or gallipig. Those two,their desperation is always beyond me.


P.s - infact from The emboldened it’s shma. Gallipig will not hype you up so desperately just to troll subtly. This has shma written all over it.

Saddamochieng00:
The guy is the farthest thing from smart you'll ever meet. Just tell us what you saw in that zoo. No need for diplomacy when dealing with this guys.

The more reason I said this is shma.

He thinks problemkid has a soft spot abd he is trying to playing in from there.

obaaderemi:
I think it's the Kenyan populace that is guilty of what you say. Why do you find it hard to speak against your oppressors the Kenyan government? Even on this thread we have seen several Nigerians talk against the Nigerian government. Why are Kenyans reluctant to do same, that's if you are a little Indian?

Lol that masquerade is shma.
Moroccan ko,Egypt ni.
I remember that idiotic account resurfaced somewhere around 2020 when a certain Algerian/Egyptian came on here and spoke good about Nigeria at against Kenya. Abd they quickly labeled him as askiaharem because they couldn’t bare facts. Hours later that account popped up claiming to be Moroccan and was speaking against Nigeria in favor of east Africa not just kenyan ms(to avoid being detected)

samorobo:
The more reason I said this is shma.

He thinks problemkid has a soft spot abd he is trying to playing in from there.

Cut shma some slack. The guy definitely sounds like sufferinsmilin only that he's diplomatic this time round.

JamaicanRum:
My brother this is just not it. I've not interacted with Kenyans enough to understand their situation but I've witnessed the progress of countries like Tanzania and Ethiopia and I want to believe this is the case for all the other East African nations. I'm of the understanding that this countries are pulling together for a federation that will span from the East to the West Coast creating a land bridge for global trade. You're equally smart and I think you know what this means for the federation and the continent in whole. Yet when I look over to the West I'm lost for words. Why stick with retrogressive leaders who've been pulling you back since independence. The crop of leaders in your respective countries don't inspire any hope in me.

Are you still doubting if this guy is shma ; D
Dumbass n*gga