The Safaricom IPO is one week old today
– Reason #1 to have government as a shareholder = tax breaks!: Not that Safaricom needs any, but the increase in share capital to Kshs. 6 billion has been exempted from stamp duty by the Finance Minister – saving the company about 6 million shillings ($94,000)
– Across the border: From Uganda we hear that Dyer & Blair is selling the shares at shopping malls, as is Uganda Telecom, while Standard Chartered Uganda is offering margin loans of up to Ushs. 50 million to buy IPO shares (~370,000 shares) what about Tanzania?
– More finance; Equity bank give the privileged Safaricom employees up to 100% finance, while even Barclays is hawking shares at it’s 112 branches. Also add Equatorial and K-Rep to the banks offering 100% finance
– Proactive MP : from an offline story in the Nation Nyeri Town MP Ms. Murugi Mathenge and the Nyeri South DC hosted an investors briefing on the Safaricom IPO. I hope other MP’s are as enterprenual and in touch with their constituents.
jobs on offer
from the papers
Top government vacancies
– Communications Commission of Kenya (CCK): director general & CEO who will regulate Safaricom and the telecommunications sector
– Director general at the Kenya civil aviation authority (KCAA)
– Equity Bank business growth & development managers, credit corporate relationship managers, credit managers
– KCB: business development manager, head, facilities & property management
– Gulf African bank: legal officer, corporate relationship managers, (Nairobi, Mombasa), manager structured finance firstname.lastname@example.org by 11/4
– ICT Manager at Safari Park Hotel
– East African breweries: IS lead – great lakes region, logistic manager
– Telkom Kenya Chief HR Officer.
– Program assistant at the Open society institute for eastern Africa OSIEA
blog-exclusive!: Following the outcry over the announced large (bloated), a government committee has come up with an ideal ideal cabinet for Kenya of just 16 Ministers! fit in the names