Web Metrics and Site Analytics by NextSTAT

From the monthly archives:

July 2009

::: Kenya 2.0 :::

by Riba on July 24, 2009

And The Net is live…. now lets wait for those prices to come down.. soon hopefully…. other bloggers


Status Quo Today(As Seacom goes live):
South Africa – 1GB = ZAR 289($35) = Valid for 60 days = Both Vodacom and MTN
Kenya – 1GB = KES 2,499($32) = Valid for 30 days = Safaricom
Kenya – 1GB = KES 8,000($100) = Valid for 30 days = Zain
share with me other countries where Seacom has landed… and we will track the changes together..

Status Quo 2 months later:
??? lets wait for trickle down, already there is talk in South Africa that only corporate users will benefit and not retail because of cartel behaviour…

{ 1 comment }

:::KenolKobil Profit Warning:::

by Riba on July 23, 2009

KenolKobil, the renamed entity from Kenya Oil Company Ltd.

Sales volumes are projected to be up compared to 2008, but net income to be down over the same period, which the company blames on volatility of oil prices(KQ also attributed their losses to this however the difference here was that KQ messed up on their hedging strategies,interesting enough KQ has one of the best treasuries in corporate Kenya, but seems this gamble was not very well calculated, I would recommend them to go for options, so that they are hedged against price increases by having the option but NOT the obligation to buy oil at a predetermined price, and if the price is below this level, then they just buy from the market, the only challenge here being the fixed fee for this is high, however should be better than the reported losses.)

Back to KenolKobil, they also blamed the inefficiency of both the Kenya Pipeline and the Oil Refinery (this is blamed by all oil companies not performing well, so they should have already prepared for this.. not good enough) , and of course the erratic exchange rates (again a hedging strategy would suffice on this, since they know their estimated needs for the next few months, if not years.)

Here comes the good part ”bad debts provision made for one specific Commercial customer”, does this sound like Triton or is it another specific customer??

All in all, i hope this company recovers, since I think its still one of the success stories of Kenya that we have.

{ 2 comments }