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22:42
What Bear Market?
» For Love and Money What Bear Market?
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19:43
Dawn of Our Lives
» Words Much Like Poetry a breathtaking wonder
infinity and endlessness
a glitter upon scarlet shores
the caress of sun soaked sand
a diamond chill welcoming the golden sun
treasure upon distant unknowns
bloody pillows of the orange awakened
tall shadows of sentiment unearthed
the hush, the whisper of a countless age
witness to genesis and rebirths
conclusions and departures
passions and declarations
step upon infinite footsteps,
erased and reinscribed
the writ a record of our mortality,
forever the memory of an author's immensity
the immovable, jagged but worn
solid, the barrier seldom overran
once alive but now a testament,
of the countless ages of a cycle
the vast glimmer, a morning mirror to a wonder
silent, calm, shimmering in its clarity,
sparkling in its proud responsibility,
waving to its eternal daily reception
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15:19
It’s Our Turn to Eat available as an e-book
» Kenyan Pundit From Michaela Wrong:
Harper Collins have finally come up with an e-book of “It’s Our Turn to Eat”. So Kenyans can buy the PDF file, and there’s no excuse for any further piracy or bootlegging. Please pass this around on your mailing lists and post it on your websites. We’ve tried to keep the price as low as possible - you’ll see that it is a lot cheaper than the hard copy.
We’re also hoping to make this something Kenyans who don’t own credit cards can buy on M-Pesa, but at the moment that’s proving a logistical nightmare.
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10:08
Mostly Equity – Suspensions & Housing Evictions
» bankelele 
Equity suspended: Equity Bank was briefly suspended as a Central Depository Agent by the Central Depository & Settlement Corporation (CDSC). They have smartly escaped unscathed without answering any charges owing to:
- Playing one regulator against another the. The Capital Markets Authority (CMA) immediately reversed the ban, and reinstated Equity while terming the CDSC action as being against procedure
- By invoking the ‘small investor’ Equity said that they were in trouble because they had reached out to the small investor, lending them funds to buy Safaricom shares without collateral, and some people did not like that
Lost in the story is
- Equity split shares were supposed to start trading on April 14, but have been trading as split prices and have appreciated about 40% since the announcement
- The spat makes the CMA and CDSC look bad; by having a turf war (PDF) and fighting in public both claiming to fight for the integrity or interest of investors
- Why won’t Equity pay the minuscule amount or respond to the regulator (CDSC)?
- Comments made by the CEO at the bank AGM, bragging having the most investor accounts in the country coming back to haunt at a time when brokers are (i) broke (ii) resentful/envious
- More tales at the stockskenya forum
Equity moves in at Housing Finance: At Housing Finance, Equity is asserting its authority at the bank and Equity directors will now form 1/3 of the Housing Board of Directors, with Peter Munga (Equity chairman) Benson Wairegi (Equity vice chairman) and Babatunde Soyoye (Helios) all appointed in 2008 and who will all be ratified by Housing Finance shareholders this month.
During the 2008 rights issue at Housing Finance, Equity also increased their ownership stake from 20% to 24.9% while sister institution British American Investments (Britak) also increased from 4.9% to 7.5%. The rights issue also saw the National Social Security Fund reduce stake from 7.8% to 6.8% as the Government of Kenya which did not take up any new shares saw its stake reduce from 7.3% to 3.6%
Opportunities
Free Download Githongo Book - The most talked about book in Kenya - It's Our Turn to Eat - the Story of a Kenyan Whistle-Blower (John Githongo) by Michela Wrong will be available for download from April 10. yes you probably have a bootleg copy, but this is the real one from the publisher
- Invest in a Government of Kenya Bond to raise 10, billion shillings ($125 million), and earn a potential 10% bond return (PDF); minimum application amount is 50,000 ($625), and the offer closes 22 April. (better than Madoff?)
- Maker Faire Africa (MFA), a celebration of African ingenuity, innovation and invention, will take place August 13-15 at the Ghana-India Kofi Annan Centre of Excellence in ICT in Ghana's capital, Accra there are opportunities to sponsor the summit
- Jitihada is the Kenya National Business Plan Competition – (details) (PDF) that will be launched in mid-April.
Create a Logo for an international mobile banking conference and win $200. Details here, found at @whiteafrican
Jobs
- Old mutual: Broker distribution manager, Mass market manager. Apply to recruitment@oldmutualkenya.com by 17/4
- National social security fund managing trustee. apply through manpower associates by 26/4
- Capital Markets Authority: Assistant Manager (Legal Framework), Accountant, Assistant Manager (Investigations), Manager (ICT). D/L is 15 April
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10:03
e-book - It's Our Turn to Eat
» KA-INVESTOR This email is on behalf of my friend who is a friend to Michela Wrong who is a friend to Githongo (So I'm a friend to Githongo!)
April 9, 2009
Dear All,
Harper Collins have finally come up with an e-book of "It's Our Turn to Eat", which has been widely circulating in pirate form on websites and mailing lists in the last few weeks because of a boycott by Kenyan bookshop owners nervous of being sued. So Kenyans can now buy and download a legitimate PDF file of the book, by clicking on (thanks steve for the link correction):
We've tried to keep the price as low as possible - you'll see that it is a lot cheaper than the hard copy. We're also hoping to make this something Kenyans who don't own credit cards can buy on M-Pesa, but at the moment that's proving a logistical nightmare.
Please spread the word. There’s no reason, now, to circulate or download bootleg copies of the book.
Michela Wrong
Consider this my Easter present. Happy Easter guys!
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8:38
Safaricom enters the Gambling business
» Rants, Raves & Reviews SafCon in its own sneaky fashion introduced the "Lipua Mamilioni" compaign which claims you can win Kes 1 million a day.
In very small print... to enter... you send an sms that costs 3.50 to SafCon. 1 sms per entry.
So shouldn't this 'promotion' be labelled as gambling?Where is the CCK?Where is the Betting & Gambling Licensing Board?
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3:07
The Cold Nairobi Nights
» You Missed This The nights in Nairobi can be really cold.
Many nights in this capital I go to sleep at around ten and crawl under my covers when the temperatures are still pretty sweet. In fact, I'm into this habit of staying outdoors to suck in the sensuous air with my rambunctious sons. They've fallen deeply in love with the land of their father.
What I always find shocking is the heat of the day. Look, I just came back from Indiana and shouldn't have to complain about the swinging temperatures in these equatorial lands, but I do, man. That said, I still love Kenya better. The weather here is fantastic, the food is awesome and the people are so sweet.
Today as I walked down Koinange Street and had to get into a store/shop to escape the heat, I thought of the erratic Kibaki leadership. We have been through a perpetual ride that takes us high then low. What has been noticeable through this man's cursed presidency is that the nation is only cool when others make it so. What would have have happened had Raila not taken a bullet in his chest for Kenya after the stolen elections? Indeed, what good have we seen in this nation where Kibaki acted alone?
All I'm saying tonight, as you take this Easter break, is that we are tired of the now-cold now-hot Kibaki presidency. Can't this man from Othaya ever make it cool for a prolonged period of time.
Make Kenya cool, man!Kumekucha
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