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KE, Cold Tusker, Sijui…is anybody home….:) ?

From the article, i cant believe the Govt of Rwanda can give a guy a contract after a meet-up in a wedding party. I soooo beleive in networking but what happened to a competitive bidding process?

ColdTusker…..
-I agree with you about ANYONE laying the fibre. However, since you mentioned a BPO that is 100% foreign owned, i thought there was a local cap on that in Kenya???
-I agree with you that GOK should commit some of Safcons proceeds into this project.
-You mentioned some of the companies that would benefit from the fibre. I say VERY MANY consumers both as individuals and businesses would benefit. I live in the US, fibre optic cable is the way to go.
-You’re all taling about BOND financing. Why isnt anyone talking about a syndicated loan?

Sijui….
-I do believe the Intl Devt Industry DOES fund such projects. I’ll do my research and give you examples.
However what they prefer to do is subsidize the interest rates. I heard that WB did so for Kencall. Then why is God’s green earth cant Kencall pay their employees ????
(My pal, a senior employee, quit coz he wasnt paid for months!!!!!!!!!!!!!!!!!!)

-The ROI on fibre optic cable is a guaranteed. However, as earlier said, this is not a venture for the faint hearted. The company has to maintain liquidity for a very long while. In my company we have still not began making profit but when we do the Investor will be smiling all the way to the bank.
-Risky? Oh YES! My company mitigates this by buying the easements where fibre is laid. For this reason, we also consider ourselves a “Real Estate Company”.
Since Kenya’s fibre will be laid under sea i do not know if easements can be purchased.

Stevo…….
What to do with all the extra bandwith?
As CT said, let the market forces deal with it.
Its always needful to expand capacity to unforseen magnitude. Case in point….Katrina and now the Brigde at Minnesota.

KE…..
$100 Million is ALOT of money for a project in Africa.
However, i STRONGLY believe the cost will be WAAAAAAAAAAAAAY more than that. Payroll alone is so significant coz you are talking about Engineers etc
Whoever is funding this project better be prepared with some “fat” contingency coz if not, i see it being stalled.
As Sijui said, there’s need to maintain liquidity to offset the capital outlay and this could happen for years.