Thread: Mtn/orascom- absa/bank whk....

Good Shebeeners, it seem we are mnore and more attracting big shots to invest in our economy.

I do not know how much fact is behind the rumours that had been frequenting the Namibian business gossip. It seem ABSA instead of going the hard route of establishing its business from scratch has indicated some take over of the only Namibian owned Commercial bank. Then hit the news around one of the key players in the telecoms industry being possibly bought by MTN. any shebeener is welcome to shed more light on these tit bits.


See below part (unfortunately in Afrikaans) of the source of rumours as well as web link of the whole story:

"
MTN is op soek na $5 miljard se finansiering om “die meeste” van Orascom, met sy hoofkantoor in Egipte, se Afrika-selfoonbates te koop, word wyd berig.

" Die transaksie kan na verwagting tot $10 miljard beloop. MTN vry glo onder meer na Orascom se bedrywighede in Algerië, Tunisië, Burundi, Namibië, Zimbabwe en die Sentraal-Afrikaanse Republiek. Hy stel na berig word nie belang in Orascom se bedrywighede in Egipte nie. Hoewel MTN nie die gerugte bevestig nie, het hy Vrydag in ’n verklaring op die JSE se nuusdiens, Sens, gesê hy is besig met onderhandelinge wat ’n uitwerking op sy aandeelprys kan hê. Mnr. Phuthuma Nhleko, MTN se uitvoerende hoof wat later vanjaar uittree, stel glo al lankal belang in Orascom se Afrika-bates. As só ’n transaksie deurgevoer word, sal dit ’n groot troosprys vir hom wees nadat onderhandelinge met Bharti Airtel van Indië verlede jaar ná twee pogings finaal deur die mat geval het, het verskeie rolspelers gesê....."

more on Sake24.com>>Maatskappye>>MTN wil glo miljarde leen vir Orascom-kopie

This is an interesting trend considering the overall population size does not necessarily warrant this type of interest. This has also seemingly been eminent on the nuclear debate front (am under correction here, but believe that the french, through AREVA, the Russians etc etc seem to be more and more interested in establishing themselves in the Nam).


Else am also hearing the the magnificent Richard Bronson might want his Virgin businesses penetrating Namibian business arena.

Let's deliberate!!!