Mashada Blogs » May 18, 2009

Kenyanentrepreneur.com: The Road To Wealth Begins At A Parastatal

kenyanentrepreneur — Mon, 18 May 2009 21:51:02 -0400

I want to use this post to talk about the process of wealth accumulation and as I compose this article they are a couple of thoughts running through my mind. The first thought on this topic was brought about as I read yet another article in the Nation about the blatant corruption in Kenya, which involves [...]

RIBA CAPITAL: :::Vodacom SA Lisiting today on JSE:::

Mon, 18 May 2009 14:48:00 -0400

:::Vodacom SA Lisiting today on JSE:::

For Love and Money: Hurry, Hurry, Has No Blessings

Mon, 18 May 2009 12:08:00 -0400

Hurry, Hurry, Has No Blessings

In Excess: Yeah yeah we get the point!

Xs — Mon, 18 May 2009 10:59:51 -0400

But this is creative! And Mean! Very mean! Saweni tu! Enjoy your win! YNWA desk!

KA-INVESTOR: Investing in Re-opened Bonds

Mon, 18 May 2009 09:51:00 -0400

The demise of the NSE has seen Central Bank of Kenya (CBK) become the biggest beneficiary with bonds and bills being over subscribed every other week. Late last year government reduced the minimum initial investment amount in treasury bills to Ksh.100,000 from Ksh.1,000,000. CBK has now resorted to reopening of bonds issued in the previous years. Last moths CBK reissued a Ksh.7 billion 5-year bond that was successfully subscribed and is now planning to reopen a 15-year bind that was issued two years ago (07).

Reopening of securities is a common practice in the developed markets. This is done when seeking to eliminate bond market fragmentation (existence of too many but small outstanding bonds scattered everywhere in the secondary market). Fragmentation leads to unstable and uncertain bond prices and reduces free trading due to few investors (who buy and hold bonds reducing liquidity)

When a bond is reopened, an old bond is offered to the market on a date other than its original issue with a view to increasing its outstanding amounts and expanding the original amounts. On reopening investors are offered the same instrument (bearing the same features as the existing bond – same maturity date n coupon rate) except for offer date, offer price and yield.

Requirements to participate in a reopened bond are the same as those of any government securities auction i.e. you need to have opened a CDS account with CBK and complete the application form with all the details has specified in the prospectus.

You Missed This: Of Mungiki and Majimbo Murders

Taabu — Mon, 18 May 2009 05:11:00 -0400

Call it any name you wish but the much-maligned MAJIMBO is here with us albeit by default. And its practitioners are the same scoundrels who demonized it during the 2005 referendum. Welcome to superlative political expediency exclusively made in Kenya.

The present class wars fiercely waged by Mungiki must be seen in the very light of SUBJUGATION. When Kenyans protested against being collectively AUCTIONED by the present gatekeepers after the bungled 2007 polls, we never saw it as symptomatic of revolt against inequality and injustice.

Tell the industry balderdash to Mungiki and kiss your neck goodbye. Even after taking the battle to the backyards of the rulers, their shameless apologists refuse to shed off blinkers. well, primitive accumulation of wealth has mutating into murderous hydras whose tentacles cannot be exterminated even with state might. Na BADO.

All sonorous choruses about hard work and industry can only go so far in expanding chauvinistic egos. While the heads may be temporarily safe under the sand, Mungiki continues its mission to demand attention by decapitation. By offering youths binary option of BLOOD or your HEAD, the self-bred savages are getting the due attention they want.

Ages of ruling an unwilling population by brutal force is long gone with the last millennium and only those schooled on colonial economics still cling to the fallacies. The cliche KENYA WILL NEVER BE THE SAME AGAIN has never rang so truer. You don’t bastardize a people’s democracy and use state force to rule them, never.

Living in denial
We lost our innocence and virginity after the 2007 election. No amount of pretence will wash. All the lies packaged in deceptive slogans have been busted. Kenya belongs to Kenyans and not few colonial mutants masquerading as economists. Bob Marley knew it: YOU CAN FOOL SOME PEOPLE SOME TIME BUT NOT AL THE PEOPLE ALL THE TIME.

Look around you and what do you see? Political scavengers draining the last drop of Kenya as Mungiki localize their machetes. The moral authority melted with the year 2007. The king is dancing nude believing what his apologists tell him that he is immaculately dressed.

The time of reckoning is nigh and by the time Mungiki is down, there will be no safe place to call home for the looters. THE PRIZE OF ELECTORAL THEFT. Pretending to seek way forward without first acknowledging existence of a problem is to engage into a circular ego trip.Kumekucha

Kenyanpoet: WAPI She Rocks, 23rd May @British Council, Upperhill

N.W — Mon, 18 May 2009 03:59:00 -0400

Wapi invites you to "WAPI She Rocks" on Saturday, May 23 at 9:00am.

Event: WAPI She Rocks -"Its all about the ladies"

Host: British Council
Start Time: Saturday, May 23 at 9:00am
End Time: Saturday, May 23 at 3:00pm
Where: British Council

Its been a while since I last performed Women Behaving Badly, I think I might just do it then. Chairman(Leon), hope you'll be there coz I know this happens to be your fav.

Mo-Mo Baggins: Hehe.

Mon, 18 May 2009 03:02:00 -0400

Hehe.