Kenyan investors locked out of Tanzania telcos’ share sale

[Dhuks]

We know you better, greedy and selfish. Where did you get this trash 'Tanzanian government told its citizens not to buy them'?
You guys need to realize that Tanzania and Kenya are different countries.

Unlike you who was a toddler then, i was still in charge of my faculties.
Tanzania Snub Fails to Dent Safaricom’s IPO | Balancing Act - Africa

Afrika Investment Bank CEO, Mr Peterson Mwangi, says the robust participation by Ugandan and Rwandese investors was likely to compensate for the Tanzanians' absence. Prof Ndulu wrote to the Dar-es- Salaam Stock Exchange (DSE) stating that he would not be granting the special waiver on existing forex restrictions to facilitate the Safaricom IPO.

The Governor said that Safaricom had not made any commitment to cross list at the DSE, which denies Tanzania an opportunity for development of its national bourse. "On this account, the BoT was unable to grant the sought approval but would like to work with all stakeholders in revising the policy framework governing such transactions," he added.

How Safaricom has rewarded IPO investors 8 years after turbulent IPO

 

[waltham]

You can close up and go back home like uchumi supermarket.

I can share in your pain of seeing kenyans give danganyikans jobs

KENYA'S investments in Tanzania have reached 1.685 million US dollars in 518 projects creating 55,762 jobs. The Executive Director of Tanzania Investment Centre, Juliet Kairuki, revealed this in Nairobi recently inTanzania-Kenya business forum during an official state visit of President Jakaya Kikwete to Kenya.Oct 12, 2015

meanwhile tanzania investments in kenya are -1 to infinity

 

[Mgomele]

wakenya wakati mwingine ni wapu..mbavu sijui kwanini...hivi mirungi ina athari kiasi hicho?

 

[mtanzania1989]

Sioni kwa sababu gani wakenya wanalia lia hapa, acheni mwenyeji apewe kipaumbele kwanza. Liquidity inayohitajika hapa ni ndefu sana, sidhani kama waTz pekee wataweza kutoa cash yote hii kwa hiyo baadae hili soko litafunguliwa kwa wageni na nyie mtajimwaga kadri ya uwezo wenu.

 

[Cicero]

EVERY non Tanzanian was locked out. That is a poorly done article!

 

[Cicero]

Last time Safaricom floated its shares to the public, they were available to all EAC members as local investors but the Tanzanian government told its citizens not to buy them. Tanzania is just a xenophobic country when it comes to foreigners; the rulers may change but that is part of their collective DNA

That was indeed a silly move. Eti capital flight.
But since it happened, we have no option but to lock you out too. Levels the field kidogo....hehehee

 

[MK254]

That was indeed a silly move. Eti capital flight.
But since it happened, we have no option but to lock you out too. Levels the field kidogo....hehehee

Cicero you can do better than that, can you be civil enough and explain why you locked out Kenyans yet we allowed you to participate in our Safcom IPO, though your government instructed you to stay away.

 

[Kafrican]

We know you better, greedy and selfish. Where did you get this trash 'Tanzanian government told its citizens not to buy them'?
You guys need to realize that Tanzania and Kenya are different countries.

BoT bars Tanzanians from buying Safaricom shares

Xenophobia esp kwa wakenya inawasumbua Sana watz... Hamtaki tununue hisa zenu... Lakini hio haitoshi, mnawakataza wenzenu hata kununua Na kufaidisha hisa zetu za kampuni kuu.. Yani sijui nani kawaroga watanzania jameni!

 

[Cicero]

Cicero you can do better than that, can you be civil enough and explain why you locked out Kenyans yet we allowed you to participate in our Safcom IPO, though your government instructed you to stay away.

MK254 it's not Kenyans that have been barred.....it's ALL FOREIGNERS!
Kenyans have not been singled out.

 

[bruno twemanye]

Sepaaaa over

 

[MK254]

MK254 it's not Kenyans that have been barred.....it's ALL FOREIGNERS!
Kenyans have not been singled out.

That's why I started by insinuating "you can personally do better than that explanation".

 

[ArD67]

Wakenya wameanza kutulilia tena. Lengo la sheria hii ni kuhakikisha Watanzania wanafaidika na mapato makubwa ya kampuni za simu. Ingekuwa ni ujinga kama wageni wangeruhusiwa kununua hisa wakati lengo ni kubakisha asilimia fulani ya mapato Tanzania.
Habari hiyo imeandikwa kipumbavu na kishabiki kuonesha kuwa iliwalenga Wakenya. Sijawahi kusikia Watanzania wakilalamika wauziwe hisa za Safaricom.
Acheni kujipendekeza kwa Tanzania mfanye mambo yenu.

Mwisho wa siku watajua tu, ni nchi gani inayoihitaji nyingine zaidi. Tanzania,east Africa ni kasehemu tu wala si muhimu zaidi sana kwetu.
Watakuja kujijitetea na mitaji na uwekezaji wao hapa, hili linaweza likawa ni kikwazo kwa uwekezaji wa ndani, hivyo si hoja ya msingi.

Tuna soko na rasilimali, ndani mwetu kunatosha kujiendesha.

Tanzania lazima iwe makini sana hili jumuia, historia ya 77 bado ipo vichwani mwetu. Tahadhari ni muhimu.

Mi nadhani hata ndoto ya shirikisho la kisiasa ni ya Abunuas, utaifa miongoni mwetu umeshakomaa. Walikataa miaka ya 60s na wakalivunja 77 watuache tu now tujisongeshe wenyewe. Tumeshawabembeleza vya kutosha.

Na wakiona tumekubali lolote, wajue itakula kwao tu. Tanzania ndo nchi kubwa yenye ushawishi wa kisiasa kusini mwa jangwa la sahara. Uchumi utafatia tu.

 

[ArD67]

Usithani mko too special ati sasa mliliwe

Tuko spesho sana, labda kama hili hulijui tu. Ila ustawi wa watanzania hauwategemei wakenya hata kidogo, labda kinyume chake ni sahihi zaidi.

Au unaweza ukaonesha mahali ama sekta ambayo Tz bila Kenya hatusongi mkuu?

 

[eddy25r]

I can share in your pain of seeing kenyans give danganyikans jobs

KENYA'S investments in Tanzania have reached 1.685 million US dollars in 518 projects creating 55,762 jobs. The Executive Director of Tanzania Investment Centre, Juliet Kairuki, revealed this in Nairobi recently inTanzania-Kenya business forum during an official state visit of President Jakaya Kikwete to Kenya.Oct 12, 2015

meanwhile tanzania investments in kenya are -1 to infinity

 

[eddy25r]

Soma hapo ArD67

 

[Ms Masoi]

bado wanafikiria tutawaibia daraja na mlima...malimbukeni watz

We ujinga umekuzidi, kama wakenya ni wajanja si muwekeze huko kwenu. Hata akili huna

 

[Ms Masoi]

Kenya is East Africa and East Africa is Kenya, we are the major investors all over East and Central Africa, when you frustrate investors from East Africa, you are majorly targeting Kenyans.

It's very hard to understand what's up with your country and government, you are erupting with all manner of roadside directives that are not well thought out. You can't run an economy where you're hellbent on frustrating investors and private sector. I was reading the article below and just couldn't make up what's going on. Someone is misinforming your president.

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Economists predict a gloomy year ahead as the private sector continues to shrink due to austerity measures by President John Magufuli’s government, which is keen on procuring goods and services locally.

Prof Honest Ngowi, an economist at Mzumbe University, says Tanzanians should expect high tax rates, increased nuisance tax and declining lending by banks.

The government has already barred its institutions from depositing their funds in commercial banks, with Tsh500 billion ($231.5 million) already withdrawn from 54 banks and deposited in the central bank.

Prof Ngowi told The EastAfrican that the current cash crunch will continue to bite.

“The government is the biggest buyer of goods and services, and the directive to trade locally will continue to bite as long as it stands,” he said.

READ: Tanzania banks face losses as cash supply declines

Recently, the Magufuli administration issued a directive to all central government and local government authorities, public institutions and statutory corporations to engage in government-to-government business dealings, a move analysts say could negatively affect private sector companies.

According to the guidelines for the preparation of the government budget for the year 2017/18, issued by the Ministry of Finance and Planning, accounting officers of all public entities are to stop buying goods and services from private firms and instead deal with state-owned enterprises.

Prof Ngowi cited poor rains, which will hurt food security and accessibility of energy as hydro-power generation dams are likely to experience a decline in water levels — as another danger sign.

“The weatherman’s warning on low rains next year is of concern because it will not only bring about food insecurity but also a power crisis as the nation depends on it for 48 per cent of electricity generation,” he said.

Prof Ngowi added that the economic situation will also depend on other issues such as new administration in the US and how China’s economy performs in 2017.

“There is a direct link between China’s economy and Tanzania’s and we will need to see how the new president of the US will behave on aid and trade with Africa,” he said.

Prof Ngowi said government-to-government dealing will adversely affect the private sector and lower its capacity to employ and pay tax. As a result, government revenue will suffer.

The Economic Partnership Agreement (EPA) with Europe is also on the cards as an importation factor in how the economy performs.

“Should Tanzania and Burundi endorse the EPAs by January, it means that trade with Europe will ease, giving way to other cooperation that will affect the economy directly,” he said.
Brace for a tough year, economists warn Tanzanians

If your country is so great why are you so focused on Tanzania. Idle people who thinks too much of themselves. Go get a life.

 

[JMisiru]

Orbit Securities, a licensed stock broker in Dar, told the Business Daily that the planned public offerings for mobile telephony companies will be limited to Tanzanians, according to guidelines from the capital markets regulator

If that is the case then it is not only Kenyans who are locked out but also the rest of the world. This is for the benefit of Tanzanian citizens. The cake is big Kenyans you can look elsewhere for other investment opportunities in Tanzania.

 

[MK254]

If your country is so great why are you so focused on Tanzania. Idle people who thinks too much of themselves. Go get a life.

We are focused on the whole of Africa, always on the look out for investment opportunities everywhere. Tanzania just happened to have locked out foreign/African investors (of which majority are Kenyans).

 

[Iconoclastes]

It's $1.685bn, waltham. The total amount of the Kenyan investments in Tz cant be just $1.685mn