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Items by Gathunuku
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9:11
From: Gathunuku
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It couldn’t have been more starkly different. Amos Kimunya was on his way to delivering 6-7% growth as was clearly evident in the confident noises he was making at this forum. And he proved he could walk the walk albeit right into this snare. But the Member from Kipipiri isn’t one of them. He is [...]
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9:31
From: Gathunuku
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- Musings from Parselelo Kantai in The Africa Report on the state of the nation in the wake of last December’s elections and the tragic ensuing events. His article “Now the Hard Part” opine that the deep chasm between the ruling class and wananchi will continue to be a significant obstacle to progress on every [...]
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17:57
From: Gathunuku
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Michael Orme makes a compelling case for why this is perhaps the most apt time to invest in Zim. The man is by no means immortal and can clearly lose an election. Sooner or later he will leave and when that happens, as Mr. Orme argues, opportunities abound.
Right from a diaspora returning home with US$2-3 [...]
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4:11
From: Gathunuku
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Getting comfortable whenever they may be, KTs have become almost indifferent to PNUs, ODMs and Steadman polls. That’s what I thought until that became the topic of conversation in one of those swallows you know you shouldn’t be in. Yes Central Kenya was rather well represented and the views were predictably one sided.
Perhaps they all needed to take another look at the opposition. I steered it thus.
Vote for that chap? No Way! One asserted. He went on, put everything the country has achieved so far at risk in the hands of ODM (read Raila)? Not a chance.
So why is this subject (or more rightly, this man) so polarising? The incumbent has indeed delivered growth and economic stability unprecedented by a whole generation. Only natural to want that sort of continuity, predictability. A sort of chance to consolidate the gains made even further. Fair enough, I thought. He has however not led from the front and his hands off style has been a bit disengaging with wananchi still very much familiar with the previous, dominating twenty four years. But what is with that almost MOU- ish buzzword coming up again, equitable distribution.
Of course the highly attractive growth rates are generating wealth at an incredible rate but that’s all pie in the sky to the family getting by in Kibera, the one having to spend half their days looking for clean water in Garissa, the one without any health care in Kisii and the one struggling with Malaria in Siaya. Posed with the same line of questioning, the Transcenturys will surely tell everyone how well it’s going.
No it’s not enough to allot billions into some constituency fund controlled by a politician and wish them well. More government involvement via agency type outfits that work on the terms of get-the-job-done-well-or-we’ll-find-someone-who-can would probably work better.
Disparities must be decreased.
Raila does appreciate this and social justice is a big theme in his Vision document published earlier this year. So then where does it go so wrong? For starters, gaffes such that statement suggesting that drug money is being laundered through a stock exchange that has taken decades of utter sweat to build are just precarious. One can’t be surprised when such extreme labels as communist are pasted on the man when he so vehemently attacks a glowing example of capitalist success. Such labels are however an over reaction. The man is in private business.
Besides such worries and ensuing photo opportunities at the NSE to reassure a worried business community, that talk of majimboism he has to drop. Attitudes are still the same from the 90s when that talk brought untold misery. Unfortunately, moderation is not a particularly Kenyan trait. Majimbo will without doubt be interpreted as carte blance for an us versus them existence. One that can only be described in three most apt words;
Hair raising experiment.
No way to protect and grow what has been achieved so far. Populism like that coupled with an almost cultic following is plain worrying. So are plans to introduce “an independent, small Presidential Public Appointments Commission, to ensure that appointments to public corporations are based on merit and reflect the ethnic diversity of Kenya.” That statement (taken in verbatim from Raila’s Vision document) can quite easily be interpreted as a witch hunt. How about letting parliament vet those appointments?
So do yourself some favours, find the centre. Learn it, love it, live it.
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4:13
From: Gathunuku
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They have had the most consistent start to the season, have £70M in the bank for Arsene to buy up players as he wishes and are now hitting seven past the opposition at a Champions League game.
Incredible.
The only thing missing last night was a Theo Walcott hat trick. Who needs Henry? This is indeed the time to win trophies before Old Trafford catches up or worse still Stamford Bridge shakes off the blues.
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8:28
From: Gathunuku
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Yes a third installment and no they haven’t sorted this yet. Telkom’s debt problems and bloated workforce (see this story on BDAfrica and good luck with the typos and sloppy grammar) are too blame now.
GOK’s apparent promise to sell off Telkom completely debt free seems like bending over backwards. They have done a great job, some might argue, of protecting the status of what should rightly be a national champion in the wake of Neanderthal management practises. Hiring and maintaining a lot more workers than necessary and responding to competing new technologies in a most lethargic fashion was never going to turn a profit.
Neither substantiate Twasema Twatenda.
But the past is just that and the potential in Telkom is still there in abundance. So hurry up, the good men and women at Treasury sort the inevitable staff downsize. Debt swaps can wait to see another day. Telkom is still in a much enviable position of realising it’s full potential, as it is demonstrating with the modest wireless roll out, and suitors should not be put off by a spot of debt.
The much more politicised staff downsize should be the only grievance such suitors should have.
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4:22
From: Gathunuku
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After that lacklustre draw with Rosenborg and the inevitable egg on Jose’s face, the writing was on the wall. Him and Roman of course fell out of love quite sometime ago and reports of the Russian bizarrely grinning ear to ear after Rosenborg took the lead on Tuesday night clearly indicates where his thoughts lay.
Mourinho had to go.
Two league titles in three years, one FA Cup and two Carling Cups is anything but failure. So why is Jose leaving? Of course Chelsea have missed out on the Champions League so far but that’s just an excuse. When you don’t play the striker the boss bent over backwards to bring over and are pretty strong headed in not giving way to the new manager in waiting masquerading as Director of Football who also happens to be the boss’s mate then that’s a problem apparently.
Undermining such a strong character as the Special One was also going to end up like this but maybe Mr. Abramovich need only look at another aspiring giant who having spent obscene amounts on both super star players and high profile managers expected instant success of the invicible kind. Money just can’t buy that kind of success.
Los Galacticos know that first hand. This could be bigger and more unsettling than Thierry leaving.
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4:22
From: Gathunuku
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After that lacklustre draw with Rosenborg and the inevitable egg on Jose’s face, the writing was on the wall. Him and Roman of course fell out of love quite sometime ago and reports of the Russian bizarrely grinning ear to ear after Rosenborg took the lead on Tuesday night clearly indicates where his thoughts lay.
Mourinho [...]
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10:28
From: Gathunuku
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- Thank God for StumbleUpon, how else would one ever find out about this man who obviously has problems with taking no for an answer. Utterly hilarious and a bit inspiring actually.
- He’s still at it and still creating a buzz, the chap is so good that they had to name him twice. Jay Jay moves back to English football. Who can ever forget that fantastic gold winning team at the Atlanta ‘96 Olympics! Celestine Babayaro, Taribo West, Kanu, Tijani Babangida, Victor Ikpeba. Great days for African football.
-They can run but clearly cannot hide. Tech doing its bit to bring sense (hopefully) to the next lot.
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10:28
From: Gathunuku
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- Thank God for StumbleUpon, how else would one ever find out about this man who obviously has problems with taking no for an answer. Utterly hilarious and a bit inspiring actually.
- He’s still at it and still creating a buzz, the chap is so good that they had to name him twice. Jay Jay [...]
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6:14
From: Gathunuku
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Pale pale…
Another day, another master stroke from the man’s strategists.
This one, about that haplessly flawed piece of legislation, was delivered a lot better than the last. Remember the one last December about rejecting a substantial pay rise? It seemed almost desperate then. Not now though. Referring the Media Bill back to Bunge has scored him quite a few points. The choreography is perfectly timed too. No coincidence in the almost simultaneous announcement of a 300 member team, that reads rather impressively of respected captains of their chosen fields, to raise a billion and ensure re election.
Great times for the incumbency.
That billion shilling Kibaki Tena luncheon, scheduled for September 1st, reminds one of the famous KANU Kamukunji rally in mid 2002. A similar mix of invincibility and awe was going for the incumbency and his project then. Until a handful, albeit significant, spoiled the party aggrieved at having a rank outsider sprang on them. Don’t see that happening this time round but one’s thing for sure, that re election committee is certainly earning its money.
Anglo who?
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2:53
From: Gathunuku
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19:51
From: Gathunuku
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19:51
From: Gathunuku
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0:10
From: Gathunuku
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For a late 20 something, I am pretty useless at it, video games. I, of course, get awed by the coolness of the names, the hi-def graphics and incredible specs of the latest game consoles (xbox360, ps3) but to actually play games on them? Nope, am utterly useless.
I had just about given up until Nintendo thought up the wii. Instead of mindlessly violent titles encouraging 15 year olds to steal, kill and maim (virtually?), I was actually playing stroke play golf, bowling, enjoying a round of tennis and boxing! All interactively and more importantly not seated on some long suffering sofa for hours on end. A boxing match had me breaking a sweat and finally seeing eye to eye on something, anything with the teen aged relation who owned the console.
That’s when my mind changed. At last a game console that wouldn’t turn one into an anti-social, lazy, sorry soul. So when I see articles like these and whole websites essentially cataloguing the gazillion permutations of ways one could sustain injury playing the wii, from slipped controllers smashing vases, collisions between players and even dislocated knees my first thoughts are who are these people kidding? Take a jog around your street and the same exact things could happen to you.
Nintendo, you got this one spot on.
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0:10
From: Gathunuku
Read This Entry & More At Gathunuku
For a late 20 something, I am pretty useless at it, video games. I, of course, get awed by the coolness of the names, the hi-def graphics and incredible specs of the latest game consoles (xbox360, ps3) but to actually play games on them? Nope, am utterly useless.
I had just about given up until Nintendo [...]
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15:57
From: Gathunuku
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Geoffrey Irungu’s article in the excellent Business Daily Africa didn’t quite read the mood right, I thought.
The IMF’s decision to ‘unlock’ loans worth Kshs4 Billion ( as part of a 2003 initiated Kshs17.7 Billion Poverty Reduction & Growth Facility lending program) has been given more gravity than it perhaps deserves. The Treasury’s Budget Outlook Paper 2007 articulates the current rather strong position of the GOK in this matter. Revenue is expected to rise to Kshs377.4 Billion with expenditure remaining largely as planned inevitably reducing the deficit needing to be financed by debt. The people at Treasury now reckon they only need to borrow Kshs8.7 Billion externally down from Kshs9.7 Billion.
So no, we didn’t get a lollipop for good behaviour, we don’t need one anymore. The carrot and stick have been severally reduced by the sensible macroeconomic policies on Harambee Avenue. Perhaps it’s best seen through Prof. Ndungu’s view of multilateral ‘donors’ (aarrrgh) as ‘advisers who reinforce GOK decided policy rather than driving the policy agenda’.
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15:57
From: Gathunuku
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Geoffrey Irungu’s article in the excellent Business Daily Africa didn’t quite read the mood right, I thought.
The IMF’s decision to ‘unlock’ loans worth Kshs4 Billion ( as part of a 2003 initiated Kshs17.7 Billion Poverty Reduction & Growth Facility lending program) has been given more gravity than it perhaps deserves. The Treasury’s Budget Outlook Paper [...]
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14:24
From: Gathunuku
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17:44
From: Gathunuku
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17:44
From: Gathunuku
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I must admit it, I hate their guts but what a great performance!
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14:52
From: Gathunuku
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- Ramit Sethi on all things personal finance, his blog iwillteachyoutoberich is just great
-On lessons and habits one wishes they had learnt and picked up a lot earlier!
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| Never too late |
- MainaT on why the forthcoming KenGen offload might be a case of fools rush in. Excellent commentary.
- myStocks on how they are easily head and shoulders above the rest of the NSE-esque websites. Now that’s how tech ought to be done. Stockbrokers take notes.
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14:52
From: Gathunuku
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- Ramit Sethi on all things personal finance, his blog iwillteachyoutoberich is just great
-On lessons and habits one wishes they had learnt and picked up a lot earlier!
Never too late
- MainaT on why the forthcoming KenGen offload might be a case of fools rush in. Excellent commentary.
- myStocks on how they are easily head [...]
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18:51
From: Gathunuku
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| Wouldn’t want to be you, mate |
Where is it? The patronising, bien pensant sermon on freedom of speech, human rights et cetera. CNN, BBC, Dubya, Tony, Amnesty, leaders of the free world, anyone?
Where is it? Most disappointing.
Perhaps Mugabe should jail Zimpundit.
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18:51
From: Gathunuku
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Wouldn’t want to be you, mate
Where is it? The patronising, bien pensant sermon on freedom of speech, human rights et cetera. CNN, BBC, Dubya, Tony, Amnesty, leaders of the free world, anyone?
Where is it? Most disappointing.
Perhaps Mugabe should jail Zimpundit.
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15:50
From: Gathunuku
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Never just black and white
Web wandering the other day I stumbled on these people, the Washington Defense of Marriage Alliance. In their words, they “seek to defend equal marriage in Washington state by challenging the Washington Supreme Court’s ruling on Andersen v. King County.” The ruling made in July 2006 declared a “legitimate state interest” to limit marriage to those couples who are able to have and raise children together in order to further procreation. The gay friendly WADOMA were not having it. So they came up with this clever idea; put an initiative to the voters of Washington State that, if passed, would make procreation a legal requirement of marriage and prohibit divorce or separation when there are children.
If passed by Washington voters, the Defence of Marriage Initiative would:
- add the phrase, “who are capable of having children with one another” to the legal definition of marriage;
- require that couples married in Washington file proof of procreation within three years of the date of marriage or have their marriage automatically annulled;
- require that couples married out of state file proof of procreation within three years of the date of marriage or have their marriage classed as “unrecognised;”
- establish a process for filing proof of procreation; and
- make it a criminal act for people in an unrecognised marriage to receive marriage benefits.
Bizzare one would inevitably think but that’s exactly the effect Wadoma were hoping for. By getting the initiative passed, they hope that the Washington supreme court will declare it unconstitutional and thereby weaken the Andersen ruling. Needless to say, the evangelical Christian right has not been impressed. They continue to assert that two men being together is unnatural, as opposed to one walking on water a non-believer would retort.
Hold your horses. Now before your opinion of this post is clouded, give it a rational thought. When the typical heterosexual christian holds and quite willingly expresses views that demean other people’s chosen ways of living and maybe even other’s faith, how is that different from the vitriolic hate preaching of a fundamentalist?
To start charity at home, the on goings with one Margaret Wanjiru have one wondering where prejudice stops and common sense takes over. Undoubtedly, the lady has done well for herself and now she wants a partner to share it with. “She has a partner already” I just heard some Neanderthal chap say. Come on. It’s a brutal fact that women will want to partner with men who are on par or superior in socio-economic terms. So if Kamangu couldn’t muster an iota of ambition and Wanjiru could, how is it her fault?
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| Furiously ticking away, your 15 minutes |
So we all go on and create some sort of hero out of some simple chap. A hero of all the unforgiving conventions we sometimes like to call culture. The ones that say, rather unkindly, where a woman’s place is, that a man can have several mistresses and not a word would be expected from his wife (till death do us part?), that men can cheat on their partners but women should never even let the thought cross their minds, that single parents are somehow not fit enough to raise their children.
I can understand that the media have papers to sell, ratings to think about, bills to pay but apart from Ms. Wanjiru’s apparent lack of PR training, what was the story here? Perhaps an update, a refresher course of sorts on female ascendancy is in order.
This is not a promotion neither an attack on any faith, sexual orientation or gender. It’s a call for greater tolerance.
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15:50
From: Gathunuku
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Never just black and white
Web wandering the other day I stumbled on these people, the Washington Defense of Marriage Alliance. In their words, they “seek to defend equal marriage in Washington state by challenging the Washington Supreme Court’s ruling on Andersen v. King County.” The ruling made in July 2006 declared a “legitimate state [...]
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1:00
From: Gathunuku
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Post Secret on a place to share your deepest hush-hush bits anonymously
Barack on how to be a rock star politician, what a great chap!
Catholic Archbishop Zachaeus Okoth on why the men and women of the cloth should remain just that
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1:00
From: Gathunuku
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Post Secret on a place to share your deepest hush-hush bits anonymously
Barack on how to be a rock star politician, what a great chap!
Catholic Archbishop Zachaeus Okoth on why the men and women of the cloth should remain just that
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19:32
From: Gathunuku
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Political party funding is a difficult issue the world over. Democracies with considerable more experience than our forty three year old one are still struggling with it. Africa’s (and Kenya’s) struggle with this has obviously been keeping politicians’ hands out of the certainly tempting public treasure chest. We haven’t got peerages to give (sell?).
It seems our own December2002-born redeemers lost the fight against temptation. They have gone on and vindicated the reputation of African politics being an entrepreneurial activity.
“We have got to keep this going”, the brightest of the pack thought out to the rest of them. “I hear financing companies are in vogue these days” and he went on, “We can’t just export air now.”
What the Big Men didn’t count on was how far another big man (of a different sort) was prepared to go to end the shenanigans. Thank God for the apparent inverse relationship between tech savvyness and age. Voice recorders (wearing a wire) are the most basic trick in the book. And I am talking of a really bad one, think James Hadley Chase. They fell for it, hook line and sinker. So the Big Men sang and one man, who ordinarily should have been another poster boy, had the courage to look beyond the quiet whispers at goat eating parties, take an extraordinary stand and switch on his voice recorder.
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| “Are you wearing a wire?” |
One would think that the rest of the lot of politicians, especially the next redeemers styling for another liberation(second, third?) would see this as an invitation perhaps an opportunity to rethink business as usual. No, not this time. They go on to suggest that they are going to bankroll their campaigns to the tune of US$28M (ODM) and US$70M(NARC-K). In a country with a GDP of US$16B? The figures just don’t add up. To the incumbent; wananchi now know, thanks to Moi & Co, that they can actually use their votes to seek a better life for themselves. To the opposition; those figures do not inspire confidence in your abilities to fight familiar temptations. Upcoming tales of repaying “investments” in your campaign now with inflated public contracts later seem eerily likely in the Daily Nation’s edition of 23rd April 2009.
His efforts must be costing Mr. Githongo an arm and a leg. They gave you a job and you are doing it rather well is what I would say to him. If it’s nearly the end of this constant stream of anecdotes about enterprise in our politics, if Swiss banking loses some business (even marginally) then you are succeeding at your job.
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| Courage under fire? |
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19:32
From: Gathunuku
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Political party funding is a difficult issue the world over. Democracies with considerable more experience than our forty three year old one are still struggling with it. Africa’s (and Kenya’s) struggle with this has obviously been keeping politicians’ hands out of the certainly tempting public treasure chest. We haven’t got peerages to give (sell?).
It seems our own December2002-born redeemers lost the fight against temptation. They have gone on and vindicated the reputation of African politics being an entrepreneurial activity.
“We have got to keep this going”, the brightest of the pack thought out to the rest of them. “I hear financing companies are in vogue these days” and he went on, “We can’t just export air now.”
What the Big Men didn’t count on was how far another big man (of a different sort) was prepared to go to end the shenanigans. Thank God for the apparent inverse relationship between tech savvyness and age. Voice recorders (wearing a wire) are the most basic trick in the book. And I am talking of a really bad one, think James Hadley Chase. They fell for it, hook line and sinker. So the Big Men sang and one man, who ordinarily should have been another poster boy, had the courage to look beyond the quiet whispers at goat eating parties, take an extraordinary stand and switch on his voice recorder.
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| “Are you wearing a wire?” |
One would think that the rest of the lot of politicians, especially the next redeemers styling for another liberation(second, third?) would see this as an invitation perhaps an opportunity to rethink business as usual. No, not this time. They go on to suggest that they are going to bankroll their campaigns to the tune of US$28M (ODM) and US$70M(NARC-K). In a country with a GDP of US$16B? The figures just don’t add up. To the incumbent; wananchi now know, thanks to Moi & Co, that they can actually use their votes to seek a better life for themselves. To the opposition; those figures do not inspire confidence in your abilities to fight familiar temptations. Upcoming tales of repaying “investments” in your campaign now with inflated public contracts later seem eerily likely in the Daily Nation’s edition of 23rd April 2009.
His efforts must be costing Mr. Githongo an arm and a leg. They gave you a job and you are doing it rather well is what I would say to him. If it’s nearly the end of this constant stream of anecdotes about enterprise in our politics, if Swiss banking loses some business (even marginally) then you are succeeding at your job.
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| Courage under fire? |
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4:41
From: Gathunuku
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In the words of Emily Dickinson, we turn not older with years but newer every day. Have a great one Mshairi!
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10:02
From: Gathunuku
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Maybe we are indeed at a tipping point. When an unprecedented display of self assertion replaces apathy then things can only go one way. North.
Just three months ago, the ever dynamic Peter Munga thought that remittances KTs sent home could be put to better use. Instead of the USD 1 Billion+ being remitted annually going to pay the odd bill, buying groceries and the latest in fashion, this he thought could form a major source of investment. If only KTs knew how. Hence the Kenya Diaspora Investment Forum. Put together by the Commonwealth Secretariat, Africa Recruit and the Kenya High Commission in the UK, the forum pulled in two ministers, half a dozen MPs, about a dozen CEOs and countless other professionals from Kenya all with one message - invest at home. They were taking this [us] seriously.
The world, like Bill said(as M calls William Shakespeare) is indeed but a stage and so all the men and women demanded to play their parts. So off we went to an hour of “introduction and welcome” speeches, with the High Commissioner welcoming everyone to the “say-teh of rondon” and the organisers blowing their trumpets. Perhaps I shouldn’t read too much into it but when the High Commissioner Joseph Muchemi acknowledged the presence of Norman Nyagah, the government Chief Whip and overlooked Billow Kerrow, the Shadow Finance Minister, I thought that that right there was exactly what was wrong with Kenyan politics. It was an old boys club. This was after all an investment conference with a keynote address from the Finance Minister. His nemesis, the Shadow Finance Minister’s presence was more relevant.
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| High Commissioner, Joseph Muchemi |
Finance Minister, Amos Kimunya |
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| Shadow Finance Minister, Billow Kerrow |
Equity Bank Chairman, Peter Munga |
On to business and the keynote address from Amos Kimunya. A detailed powerpoint presentation made for good reading. Macroeconomic stability was the main message. And it seems they are doing well with that at the Treasury. All key indicators were up plus a stable(and strengthening) shilling against the dollar and an import cover for up to 4-5 months. Of course exporters will make all sorts of noises about this but Kenya is still by far a net importer.
Further presentations from leaders in the private sector were even more enlightening. Dr. Ochieng’ Ogong’a, MD of the Kenya Tourism Board was of the opinion that continued growth in his sector demanded additional investment. This, he reckoned, would have to be 53% new installed bed capacity every year. Currently bed capacity is 39,000. Eddy Njoroge, MD of KenGen, highlighted opportunities in the energy sector. With installed capacity of just over 1000 megawatts, demand far outstrips supply of electricity. Obviously a need and opportunity for investment especially since private power production was already on going. Perhaps more curious were plans to build two coal power stations between 2008-2010. With climate change becoming a major problem and enthusiasm for reducing carbon emissions upping in western capitals, I’m not sure those plans were well thought through.
Jimnah Mbaru, Chairman of the NSE, went on to extol the pluses of investing in the stock exchange. Plans for an East African Exchange were mentioned, although I later found out from one of the umpteen publications on offer, that between them the Ugandan and Tanzanian exchanges have just 11 listings. James Mwangi, MD of Equity Bank, pleasantly surprised all with the dynamism of his bank. They have online banking these days. Ever so helpful for a KT miles away from home. These guys quietly did what they did best for 10-15 years and when everyone sat up to notice, they had built a financial institution like no other. Hats off. Frank Ireri, MD of HFCK and Caroline Musyoka, Director at Barclays Kenya both promised mortgages denominated in foreign currency. Fair enough but I still don’t get why mortgage rates are averaging 15% while the CBK 91Day benchmark rate is at about 5.6%. Like someone aptly pointed, 15% is a good credit card, not a mortgage.
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| NSE Chairman, Jimnah Mbaru |
Equity Bank MD, James Mwangi |
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| KTB MD, Dr. Ochieng’ Ogong’a |
Investment professionals: how to turn this AGM-like congregation into satisfied customers? |
Round table discussions brought down the meeting to wananchi. When an electrical engineer from Peterborough asked me how he could open a CDS account and who were the stock brokers to go to I realised there was a glaring dearth of info. Perhaps a sort of Mzalendo project would be helpful.
The one thing that was very visible was the enthusiasm by most KTs to invest back home. Maybe that comment by Mutumia on the now famous post is indeed true; ‘KT-ing’ and ‘nation building’ need not be mutually exclusive. With the debate that is going on about the shortage of investment opportunities over at this post and this other one, I am of the opinion that investment professionals have their work cut out. There’s a glut of capital [KT remittances, increased bank liquidity and first time investors] and obviously many opportunities. These two factors are only asking for a rendezvous and everyone is happy.
- KTs elsewhere, esp in the Americas, we blazed the trail. Amkeni and have a word with the organisers of this fantastic forum.
- Perhaps an invitation the organisers forgot to send was to the Information & Communication Ministry.
- The organisers promised to avail all presentations in digital format at http://kenyans4kenya.com. Worth looking out for.
- Anyone know if the Kenya Vision 2030 [the doc] is available in the public domain?
- NSE please sort your website!
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17:51
From: Gathunuku
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Turns out local banks actually want to fund the restructuring of Telkom Kenya (see this story on EA Standard) but will lend KES 5.6 billion only if secured against the 9% Safcom stake the GOK is trying to offload. That 9% is worth at least double that KES5.6B and the GOK apparently needs Vodaphone’s approval to borrow on those terms.
Piece of advice Mr. Ndemo, take Vodaphone’s money. BBK, StanChart, StanBic and KCB are just being banks - trying to make money off you.
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