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The East African : Aug 16th 2015
16 ELECTION FEVER Investors tread with care on Dar bourse Pa≥ticipation of fo≥eign investo≥s has slowed down ahead of Octobe≥ gene≥al election A stockbrocker trades on the Dar es Salaam Securities Exchange. Picture: File By JASTON BINALA Special Correspondent REQUEST FOR PROPOSALS TENDER NAME TENDER REFERENCE TENDER FEE MODE OF PAYMENT PREQUALIFICATION OF CONTRACTORS: ENGINEERING, PROCUREMENT AND CONSTRUCTION (EPC) FOR THE PROPOSED CHEMOSIT, KIPSONOI I AND RUPINGAZI SMALL HYDROPOWER PROJECTS IN KENYA KTDA/PRO/093/2015 60 US Dollars or Equivalent in Kenya Shillings Cash Or Bankers Cheque Payable to KTDA Power Company Ltd, at the Agency’s Cash Office On 5th OR Floor of KTDA Farmers Building, Moi Avenue, Nairobi Deposit the amount in favor of KTDA Power Company Ltd, at the Company account number 678-236-001-7 of Commercial Bank of Africa, Mama Ngina Branch, Nairobi, Kenya and produce the bank voucher. Swift Code: CBAFKENXXX 1. General Information KTDA Power Company Ltd (KTPC), is a wholly owned subsidiary of Kenya Tea Development Agency (Holdings) Ltd. KTPC, on behalf of SETTET and THUCHI Power Companies, is in the process of implementing the proposed Chemosit (2.5MW), Kipsonoi I (3.6MW) and Rupingazi (1.8 MW) Small Hydropower Projects located on Rivers Chemosit,Kipsonoi and Rupingazi in Kericho, Bomet and Embu Counties respectively. Towards this end, the KTPC intends to prequalify eligible EPC contractors for the scope of works comprising Civil, Hydro mechanical, Electrical and Transmission, Electromechanical works and Detailed Engineering Designs for entire specific projects . 2. Objective of the Prequalification The intention of this invitation is to prepare a short-list of competent contracting firms/joint ventures, for the respective specialization(s), who shall then be invited to tender. 3. Eligibility Requirements Applicants with their JV partners shall apply for the entire works as a complete package ( EPC contract). The prospective conractors will either come as a joint venture in association with Shortlisted electromechanical equipment (water - to - wire equipment) suppliers whom they shall partner with, or employ as sub contractors when submitting financial proposals. The compositition of the joint ventures shall not comprise more than four (4) firms. Eligible contractors may obtain detailed prequalification documents from the Procurement office located on First floor, KTDA Farmers Building, Moi Avenue, Nairobi during normal working hours (Monday to Friday) upon payment of the non refundable fee as indicated above. The prequalification documents can also be obtained by request via Email:firstname.lastname@example.org upon confirmation of payment of the above mentioned fee. However, the contractors should ensure the timely receipt of the documents as KTDA will not be held responsible where email documents are not received on time. Detailed requirements for prequalification are described in the prequalification document. 4. Clarifications Interested contractors may obtain further information, during office hours, from: The General Manager KTDA Power Co. Ltd 3rd Floor, KTDA Farmers Building, Moi Avenue P.O. Box 30213 – 00100, NAIROBI, Kenya Tel: +254 020 322 7929 / 322 7000 Fax: +254 020 2210636 / 2211240 (confirm if nos are correct) Email: email@example.com OR firstname.lastname@example.org 5. Submission of Proposal Completed Proposal documents/ capability statements (one original and two copies), in plain sealed envelopes, should be deposited in the Tender Box at the reception on Ground floor, KTDA Farmers Building, Moi Avenue Nairobi, so as to be received not later than 29th September 2015 at 9.30 AM East African Time. The envelopes, with the tender name and number clearly marked on the outside should be addressed to: The Chief Executive Officer Kenya Tea Development Agency (H) Ltd KTDA Farmers Building, Moi Avenue P.O. Box 30213 – 00100, NAIROBI, Kenya Submitted bids shall be opened in the KTDA Boardroom on 8th Floor of KTDA Farmers Building soon after the above closing date and time in the presence of the tenderers or their representatives who chose to attend. Late bids will be returned unopened. KTDA will not reimburse any cost or expenses incurred in connection with the preparation or delivery of RFP or visits to any office or site. KTDA reserves the right to accept or reject any or all the proposals without the obligation to assign any reason for the decision. Bidders who had participated in previous tenders should reapply afresh Canvassing will lead to automatic disqualification from the tendering process. BROWN M. KANAMPIU GROUP HEAD OF PROCUREMENT Kenya Tea Development agency Ltd @KTDAtea on the Dar es Salaam Stock Exchange during the second quarter of 2015. Mshindo Ibrahim, DSE re- P search and market development manager, told The EastAfrican that the performance of participating companies remains buoyant, but a trend that started in April has shown slackening of foreign investor participation in DSE trading. The drop became especially obvious last month, when the foreign participation fluctuated between 60 per cent and 70 per cent of the total trade, compared with 70 per cent and 80 per cent earlier. The drop is attributed to “election fever.” Mr Mashindo said the trend was a common feature in all countries during an election year when investors become hesitant to put money in an economy whose political atmosphere is unclear. A recent statement by DSE chief executive Moremi Marwa described the bourse as one of the African exchanges delivering the highest returns to investors on its listed stocks. The total market capitalisa- tion increased from Tsh22.3 trillion ($10.34 billion) as at the end of December last year to Tsh22.7 trillion ($10.5billion) at the end of March this year. Better performance The relatively better per- formance of the total market indices and total market capitalisation were results of at good fundamental performance of the listed companies, relatively good dividend payments and positive sentiments and outlook by investors. Liquidity almost doubled from Tsh144 billion ($66.7 million) in the previous quarter to Tsh278 billion ($129 million) during the first quarter of 2015. In the bonds market seg- ment, there was also a significant increase in the quarter. Bonds trading turnover reached Tsh167 billion ($77.4 olitical uncertainty is likely to affect trading RAISING FUNDS IPO: The Dar es Salaam Securities Exchange (DSE) last month advertised for consultancy services in its first steps towards an Initial Public Offering and self listing. In a notice on its website, DSE chief executive Moremi Marwa (right) said that it was looking for a lead transaction advisor, co-sponsoring stockbrokers, a legal advisor, reporting accountant, public relation firm and lead receiving and collecting bank to advise it on the IPO and self listing into the exchange. The EastAfrican NEWS AUGUST 15-21,2015 DSE will become the second stock market in the region to announce an IPO as well as self list after the Nairobi Securities Exchange did the same last year. million) face value, compared with just Tsh30 billion ($14 million) during the previous quarter. “Investors are a bit hesitant at the moment,” Mr Mshindo said, adding that it was not possible to predict when the fears will go away because investor sentiments are unpredictable, and political parties have already began primaries. Tanzania is scheduled to hold its general election on October 25. The executive director of the Tanzania Chamber of Commerce, Industry and Agriculture, Daniel Machemba, said investors are jittery because the business community like to operate in a predictable environment. Fears over the unpredicta- bility of the political environment in the country, he said, were expressed ahead of party primaries, which, however, have been peaceful. He called on both poli- ticians and authorities to maintain the existing peaceful electoral atmosphere until the end of the process. Mr Machemba com- mended the recent peaceful procession when supporters Investors are a bit hesitant at the moment.” Mshindo Ibrahim, DSE research and market development manager of Chama cha Demokrasia na Maendeleo (Chadema) escorted the party’s presidential candidate Edward Lowassa to collect his presidential contest forms from the National Electoral Commission. However, the business community noted that such processions should not be a regular event, because they obstruct movement of people doing business. Four opposition parties Traffic and business along several roads in Dar es Salaam came to a standstill on Monday last week as supporters of the four opposition parties forming the Coalition for a People’s Constitution (Ukawa) headed to the National Electoral Commission offices. The huge crowd was escort- ing Mr Lowassa who has been endorsed by Ukawa, and running mate Juma Duni Haji, to pick up nomination forms. Wearing brightly col- oured clothes, the supporters began assembling at about 10am in the Buguruni suburb, waiting to march to the National Electoral Commission’s offices. The supporters turned up in large numbers despite an earlier declaration by Dar es Salaam Special Zone police commander Suleiman Kova that the demonstration was illegal. Police had wanted the march to begin at the Chadema head office along Ufipa Street in Kinondoni District, arguing that Mr Lowassa was after all a Chadema candidate.
Aug 9th 2015
Aug 22nd 2015