KENYA'S SAMEER GROUP TO PUMP USD20 MILLION INTO FIBRE INFRASTRUCTURE
Sameer Investments Ltd is investing USD20 million in a pioneer fibre optic project in Kenya, according to its chief executive officer Naushad Merali. "The Kenya Data Network (KDN) will complete ringing Nairobi in May," he said.
The rest of the project, which involves laying the fibre optic cable from Mombasa to Busia, should be complete next year, Mr Merali, who is the Sameer chairman, told Nation reporters.The venture has been bankrolled through internal resources, DEG of Germany and bank borrowings, said Mr Merali."We are laying the cable in readiness for connecting with the marine Cable (EAASy) when it reaches Mombasa," he said.
particular, by Sameer, who are already 40 per cent owners of the second-largest mobile telephony firm in Kenya, Celtel. Merali said his firm wanted to invest in power generation in the future when the tariff structure is sorted out.Asked whether he had any interest in Kenya Electricity Generating Company (KenGen), which is up for grabs at the Nairobi Stock Exchange shortly, he said: "When it goes public, we are going to look at it."