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19:05 Who Are The Richest Kenyans?
» Kenyanentrepreneur.com I’ve always said that it’s very hard to ascertain the source of wealth of many people in Kenya. For some, I can understand why they’d not want to talk about it, but for those who claim to have made their money honestly, why not talk about it? It’s the one thing I admire about entrepreneurs in the west: [...]
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16:49
Vijana Wagutuke na ODM
» You Missed This Reddykulas celebrity John Kiarie aka KJ has joined ODM with eyes trained on dethroning Beth Mugo in Dagoreti. After being a major player in the countrywide Vijana Tugutuke campaign, he has finally decided to soil his hands and be part of the act.
KJ's entry into politics may just usher in fresh touch to our politics. Whether he is only fulfilling the adage of mtoto wa nyoka ni nyoka by taking after his father Ngethe who was an also-run presidential candidate in 2002 or he is the epitome of a smart mass mood reader who knows when to translate comedy fame to REALPOLITIK only time will tell. All the same his plunge into politics is the REAL head on collision he has only been caricaturing in the Buzz magazine of Sunday Nation.
We can only wish him well together with other youth like Mdomo Baggy (Kamkunji) and Kajairo (Embakassi). They are our face whom we owe support to champion our course hijacked by scoundrels.
Kibaki's lawyer reappointed commissioner
Meanwhile Kibaki has defied all pleas and sent home 5 ECK commissioners. Even Habel Nyamu could not keep his job after penning flatery articles in praise of the present regime. Kibaki has retained his lawyer Kihara Muttu who was elected last week as the ECK chair.
And there starts the stench from the dead rat. With Kivuitu's term coming to an end on December 2, he is staring fire in the face and Muttu may be ace up Kibaki's sleeve to do the necessary as ECK boss. We are living in interesting time and only God can save Kenya.
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15:24
ahem…
» Me, Life & Everything Rendezvous: 2324hrs Prolixity: Minute Mood: Excited Whereabouts: Home Echelon: III Track: Fire and Rain, Babyface ni kucheki tu kaa bado ni kwangu ivi…kufukuza panya…kutoa macobweb…naona ni kuzuri…good…sasa nitarudi kutandika vitambaa. mko salama lakini? he is back!
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Uprooting the Mugumo Three
» You Missed This 
By Wanjiru Kinuthia-Hussein
Watching the events unfold as the countdown to this year’s general election calls to mind scenes from the last 44 years of independence, struggle for liberation, bad governance and prosperity for the few After Kenyans unanimously kicked the Kanu government out of office in 2002, it may be surprising to witness the elected officials who were mandated to ensure Kanu was kept out, inviting the same group to form part of our government.
But let’s delve deeper to try and understand why this happened, on whose mandate did the elected officials act? Was the ballot loud enough in the last polls as to who Kenyans wanted in their government ..... the most pressing question is ......Of what does this new Kibaki-Moi-Uhuru axis represent?
May be someone was right when he said "Removing Kanu from power is like cutting the mugumo tree with a razor blade." And yes Kenyans in the last liberation may just have cut the mugumo tree with "not a razor blade" but with a power saw. So now what is being witnessed is the mugumo tree shooting and trying to rise once again.
So the time has come to not cut it once more but to UPROOT it from its foundation "roots" and all that it stands for. In My opinion the "mugumo tree" now represents the three richest families in Kenya. It is also the families who have ruled us for the last 44 years and yes the families who own the most land in Kenya.
In his Book, "The Elusive Quest for Growth" William Easterly describes his World Bank visit to Cairo in Egypt in a conference to study the wealth and poverty of nations; he says that Cairo throws back the same question at his team. "Why is Egypt so poor four millennia after the pharaohs built the pyramids?" And He responds "a quick back of the envelope answer is INCOME DISTRIBUTION".
The Pharaohs had everything and the masses had nothing. The Pharaohs enriched themselves with the labor of the masses. Rich elites do a fine job of erecting monuments for themselves and selecting polices that ensure the status quo is maintained at the expense of the larger masses. So prosperity for the few in Egypt has lasted four millennia but the majority prosperity remains elusive.
So the time is NOW for Kenyans to choose prosperity, to choose to destroy the status quo and to choose polices that equitably distribute income. We need to choose leaders that will break this vicious cycle of rich few and put us on path to prosperity for all. Is it a wonder the poorest areas of our nations (Nyanza, Coast, North Eastern) have remained so each successive government? There is only need do one thing this December "UPROOT THE MUGUMO TREE" once for all.
Final word of caution to the voters. Most ambitious people have realized being in parliament is a career in and of itself and a sure way to enrich themselves given the perks earned by MPs. Be wary of wolves in sheep’s clothing, who purport to represent you but are only preying on your vote for what it can do for them .... You know who these are .....
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13:58
African Country TLD’s (Domains)
» White African I was doing some research trying to find an obscure suffix for a domain today and got sidetracked into trying to find all of the African TLD’s (Top Level Domains). I couldn’t find a list that had just the domain suffix for each country in Africa, so created my own:
TLD Country Name TLD Country Name .AO Angola .MG Madagascar .BF Burkina Faso .ML Mali .BI Burundi .MU Mauritius .BJ Benin .MW Malawi .BW Botswana .MZ Mozambique .CF Central African Republic .NA Namibia .CG Congo .NE Niger .CI Cote D’Ivoire .NG Nigeria .CM Cameroon .RW Rwanda .DJ Djibouti .SC Seychelles .DZ Algeria .SD Sudan .EG Egypt .SL Sierra Leone .EH Western Sahara .SN Senegal .ER Eritrea .SO Somalia .ET Ethiopia .ST Sao Tome and Principe .GA Gabon .SZ Swaziland .GH Ghana .TD Chad .GM Gambia .TG Togo .GN Guinea .TN Tunisia .GQ Equatorial Guinea .TZ Tanzania .GW Guinea-Bissau .UG Uganda .KE Kenya .ZA South Africa .LR Liberia .ZM Zambia .LS Lesotho .ZR
.CDZaire
Dem Rep of Congo.LY Libya .ZW Zimbabwe .MA Morocco .KM Comoros .CV Cape Verde If I’m missing any, let me know. If you want a full list of all the country TLD’s around the world, try here.
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11:38
10 REASONS WHY THE VOTE SHOULD NOT BE FOR RAILA!.
» My Africa Today 10 REASONS WHY THE VOTE SHOULD NOT BE FOR RAILA!!!!!!!!
WOULD YOU MAKE PRESIDENT A MAN WHO NAMES HIS SON AFTER A DICTATOR?
Raila�s son, Fidel Castrol Odinga, is named after the world�s longest serving dictator. Fidel Castrol (the Cuban head of state) is the communist who turned Cuba into a third world slum. Why should this be a point of concern for Kenyans? Fidel Castrol (the Cuban head of state) is Raila�s role model. Raila is a communist and a dictator at heart. If we make the mistake of giving him the presidency now he will never let go. This guy will be a life president.
RAILA IS A TRIBALIST AND PARTICULARLY HATES KIKUYUS PASSIONATELY
When someone says something is not about money, it usually is about money, when they say something is not about power, it is about power. Raila is denying -without being accused, at least publicly - that he hates Kikuyus. His earlier comments tell a different story. Remember the comment he made that Uhuru was the only good Kikuyu when they were both in ODM?
Raila tries to defend himself with quips such as �even my son (Fidel) is married to a Kikuyu�. Lets all remember the rumors that were flying around that Raila was actually opposed to the wedding/marriage on tribal grounds! He saw it as a betrayal by his own son. When the young Odinga held his grounds, Raila had no option but to play along to avoid a public spectacle.
Raila is accusing the PNU of creating Raila-phobia among the Kikuyu. Raila is creating Kikuyu- phobia among everyone else as did Moi throughout his rule.
A SYSTEM IS ACCEPTABLE TO RAILA ONLY WHEN IT FAVORS HIM
Let�s go back to Kanu�s infamous Kasarani One. The blatant Injustices were being done to Kamotho, Saitoti and the rest; they were being robbed of their positions in what Kamotho referred to as �uchaguzi wa kupiga makelele�. Since things were going Raila�s way, the great defender of the oppressed did not raise a finger. A few weeks later when the same injustices were to be done to him � Raila � in Kasarani Two, he was running all over the place crying foul. Had he been President Moi�s choice, would he have said anything?
A more recent case is when Kalonzo and Raila were both in ODM-Kenya and the party was trying to come up with the best formula to pick its presidential candidate. Kalonzo favored consensus while Raila said delegate were the only way. He made all manner of threats if the delegates system was not going to be used. Then, Raila and Ruto ambushed Kalonzo at Ruto�s house and tried to arm-twist him into agreeing that Raila be president, Kalonzo be VP and so forth. Kalonzo refused, but Raila and Ruto mischievously went ahead and leaked news to the media that Kalonzo had agreed to a �winning formula�. The point is that Raila was ready to agree to the consensus method only if he was going to be the presidential candidate. After Kalonzo�s refusal, Raila was latter insisting on delegates while Kalonzo stuck to consensus. Kalonzo later intelligently posed, �The meeting in Ruto�s home, was that a delegates conference?�
Ask yourself this: would there have been �the pentagon� is Raila had not been made the presidential candidate. The only reason why Raila agreed to the nominations at Kasarani was because everything had been agreed upon beforehand. The �Nominations� were just for show.
�KIBAKI TOSHA� WAS JUST A STRATEGIC MOVE
�Kibaki Tosha� statement was not an act of martyrdom as Raila would like to have us believe.
When Raila and the LDP brigade left Kanu, they had two choices: either join forces with the best established opposition outfit at the time, NAK or become politically irrelevant. Why Raila chose to go �Kibaki Tosha� way had nothing to do with his love for Kenya or his love for Kikuyus as he claimed during the launch of his presidential bid in Uhuru Park . It was the most appealing (and may be only) choice he had at the time. Consider this:
i) Raila and the LDP team could not have gone it alone � they had tried in �97 before the �Cooperasion� � and failed.
ii) The then opposition � NAK perceived Raila as a traitor. The only way he could change this perception was through a seemingly selfless act.
iii) Raila wanted to take his revenge on Moi � the only way to do this was to make sure that Moi�s �Project� did not succeed � even if it meant joining forces with the tribe he hated most. An enemy of my enemy is my friend.
iv) Raila felt he could extract his pound of flesh from the tired and desperate Mwai Kibaki�s NAK group � as he did through the infamous MOU, which was simply unimplementable.
DON�T POINT YOUR DIRTY FINGERS AT MY SPOTS
ODM is a story of a corrupt family that brought down the molasses plant among other ills. It is a story of bishops who lie without battling an eyelid. It is about people who brought down parastatals such as the Kenya National Assurance. Now since all the scum is defecting to ODM and ODM has no vetting policy for its civic and parliamentary candidates � how can ODM tell us they are going to make a difference?
RAILA SEES CAPTURING THE PRESIDENCY AS AN END UNTO ITSELF
If you have ever listened to Raila�s famous football commentaries, the �goal� is usually Raila getting the presidency not what he plans to do for the people of Kenya with the presidency.
Raila has been consistent about one thing: his hunger for power. This should not be confused with struggle for the country or for the people of Kenya . Raila has never told us how he plans to use power to better our lives. All Raila is doing now is to make all manner of promises to everyone. Here are some of them:
a. Constitution within 6 months
b. Make Ruto Executive prime minister within 6 months
c. Majimbo
d. Free primary and secondary education
e. 13% economic growth (he promises double the current growth rate)
f. Reduce taxes
g. Make Mombasa a free port like Dubai
h. Dual carriage way roads throughout Kenya
i. Free housing for slum dwellers
j. Employment for all
k. Eradication of poverty
Quite a nice list, isn�t it? But there is no mention about how he is going to achieve these things. Saying that he �knows where the money is going to come from� is not enough.
Take the constitution for example. If its making is going to be a people driven, all inclusive process, how can he guarantee that all the interested parties are going to agree on one document within six months? Is he going to ram whatever he likes down our throats in the name of giving us a new constitution? Remember Kenyans are not going to accept any constitution without a referendum.
Take the free secondary and primary education. How are we going to pay for the education and reduce taxes at the same time without running to the donors? And if we go to the donors, isn�t that what we are trying to run away from?
Let�s be wary about these extravagant promises. Remember: a pessimist is an optimist on his way back from the casino.
RAILA WILL MESS UP THE NSE AND THE ECONOMY
Raila sees the NSE as a symbol of the Kikuyu dominance of the economy. He would like to bring it down as soon as possible. This is why he labeled it a hub of insider trading and money laundering. His reason of doing this is that he will have enough justification when tearing it apart.
ODM is portraying the PNU as a bunch of people who know nothing about constitution making. The PNU is painting the ODM group as a bunch of people who know nothing about the economy. I don�t know much about constitution making, but I know that Raila appears to understand very little about the economy.
�Chungwa ni chungu�
RAILA�S SUPPORTERS A DANGEROUS BUNCH
"My definition of a free society is a society where it is safe to be unpopular."
These are the words of Adlai E. Stevenson Jr.
Anybody who is not pro Raila is seen as an enemy by Raila�s supporters. Several cases in point are what happened to Tuju, Nasleem and Livondo in different instances in Kisumu and Kibera. Just imagine that happening in the whole country. All the democratic space we have gained over the last few years will go down the drain. Any anti-Raila comment in the radio, on the street or on TV will earn you a proper beating if this man was president.
The tragedy here is that Raila has never condemned this behaviour by his supporters which means he condones it,i hate to say he is tribalist!!!.
Now imagine such people in positions of power. If you need a preview, remember how Gor Sunguh handled Nicholas Biwott during the Sunguh read committee on Ouko. Sunguh shouted down Biwott and hardly allowed him to say anything. In the end all he managed to do is to make Biwott appear like a modern day saint.
I LOVE KENYA
Giving the government to this Raila will be the biggest mistake of our lives. We will be throwing away the gains made so far. Raila�s extremism is not good for the Country. With Raila in power, tribalism will be felt in every aspect of our lives starting with the plot or kijiji we live in. The words �our government� will no longer mean what it means now. The bragging has already started with utterances like �the government is going to be ours� being said by members of a certain community. The cartoonist Gado captured the mood perfectly in a recent issue of the Daily Nation. Whatever you do, make sure you vote. Make sure you vote against Raila. Vote for anyone but Raila. Let�s block this communist from ruining our country. The age of dictators in this Kenya is over. Let�s keep it buried.
RAILA CANNOT BE TRUSTED
We know very well that thousands of Kenya lost their lives in the 1982 attempted coup and that raila was involved somewhat,his toture by moi was called- for,for this reason i mean which sitting president wuldnt want to punish such an act of over throwing the govt.
The controversial Armenian brothers Artul margayan were his friends he knew them first introduced them to kibaki's kinsmen.
Raila studied i russia ,he is famous even in countries you wuldn't magin like the balkan states,with communist systems of governing a principle that he adores.
I would like to know how Raila feels about the following issues. If he became president will he:
Assure John Githong�o of his security and give him his job back?
Put his portrait on our money?
put to bars or pardon all alleged corrupt leaders some of them in Odm like Hon. Ruto?
How will be his relationship with u.s.a and u.k?
What will be his relationship with Kenyan muslim??he seems to be confused religiously.
Some advice for Raila and ODM:
"If the attack is going well, it probably means you are walking into an ambush."
- Murphy�s Law:
"IS THE WORLD PREPARED FOR TWO LOU PRESIDENTS? RAILA .ODINGA AND BARRACK OBAMA?".........Quoted Prof. ALI MAZRUI
The writer is a very concerned Kenyan.
Sambaza this people. May God bless Kenya and rescue us from the jaws of Raila and ODM.
.........AMEN
SOURCE: http://www.kenyanlist.wanderi.com/klist-view-listings.php?listings_by=5
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Should Raila Odinga Abandon His Plan To Venture Into Enemy Turf?
» You Missed This 
It is quite clear that those mapping out strategy for ODM presidential aspirant Raila Odinga must include a very serious think tank who know exactly what they are doing.
Quite a number of very interesting moves made by Raila recently clearly show this. Before I go into them let me make a very important point here. Many people leaving comments here have been eager to claim that this blog has degenerated into an ODM campaign tool. Naturally these persons have the right to express their views no matter how false and misplaced they may be. And irrespective of the fact that the possibilities are high that such comments are made with a clear agenda against this popular site in mind. However I would like to point out that I have made every effort to keep this blog as balanced as possible. I have done this by including in my team of commentators who can make comments without my approval, people of divergent views. Proud Kikuyu Woman (is a self-confessed strong PNU supporter) while Vikii is a die hard ODM-Kenya man. Taabu is “horseless”, meaning that he is not backing any presidential candidate. Phil is of course ODM damu but is a skilled debater who often disagrees even with other ODM supporters on certain details and issues. Luke aka “admiring economic growth” also says he is “horseless.”
The other thing I have done is to favor PNU commentators who leave comments here and allow the kind of comments I would not allow from ODM supporters. I do this deliberately to create a balance of sorts because the PNU side is a little short on ideas and debating skills as has been evidenced by the quality of debate from their side both in this blog and nationally, right up to the very top. I am NOT being biased just do an audit in this blog of the abusive comments and language and you will clearly realize that virtually all of them are from one side.
Having said that there is absolutely nothing wrong with this blog siding with a candidate of its’ choice. Newspapers and media houses in the most developed democracy in the world , The United States, usually back presidential candidates after carefully scrutinizing their policies. The only thing I want to emphasize is that if and when we make such a move we will announce it publicly. I take this opportunity to urge all others participating here to always state their agenda and position clearly when making comments.
Like the time recently when I declared...
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Kumekuchans seek to sponsor Parliamentary candidate
5 Most popular stories in Kumekucha today. -
John Troon’s wife (Kenya Betrayed)
» You Missed This 
Chapter 26
Tonight, when Supt. Troon came home, he could tell he had questions to answer. Even though he was now retired, and even though he preferred to spend his days with family and friends, his wife knew he was still bothered by the fact that the Ouko murder had not been resolved yet.
She knew that her very professional, extremely dedicated husband would never find peace until Dr. Ouko's murderers were apprehended, tried and justice served.
What troubled her though was that over the last couple of years, the Ouko ghost seemed to have finally gone to rest.
In Nairobi, nobody talked about the case anymore - except one maverick MP from Ugenya.
In London, the powers that be were no longer interested in finding out who killed Dr. Ouko, if anything they had gone back to was putting relations between Kenya and Britain on a firmer bilateral footing.
She knew, her husband did not like that.
Then came this new Committee. And suddenly there was a scramble in Nairobo ti find out who filled the former Minister for Foreign Affairs.
.... is this the chance ? .....
As Supt. Troon took off his coat, he could feel his wife's eyes. They were on him. And as usual, very sympathetic.
....what's the matter, sweetheart ? ....
He did not have to ask that question aloud. Before he could grab his PJ's from the base of the walk-in-closet, his wife said, "I don't mean to spoil the mood, but I have some questions I need to ask."
He turned, "That's okay."
"Come sit here," she said.
He did.
"All right. Today you told me something that has been disturbing me since I heard it," She clasped her hands, "You conducted a throrough investigation in Kenya. You got to mingle with the top leaders of that country." She sighed...
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Kumekuchans seek to sponsor Parliamentary candidate
5 Most popular stories in Kumekucha today. -
I thought I saw Artur Margaryan
» You Missed This I have been quiet busy lately but at least I can find some time to blog and share views on politics and other issue happening around. I was with a colleague in Industrial area last week, there was a small jam on Enterprise road, on the other side of the road I stared at 2 strange men in a partly tinted silver Forester, one looked very familiar. They were bald with very dark sunglasses. I concentrated on the one in the passenger sit more than the driver and started wondering silently where I had seen a similar face. Apparently the guy also looked at me strangely.
When the vehicle passed ours and just when I was about to ask my colleague if she saw what I saw, she just burst out “did you see that guy” pointing at the silver vehicle moving in the opposite side. I said yes, then she said “he looks like Atur Margaryan”. I couldn't believe she also saw what I thought I saw.
May be we were wrong but there is a high possibility that he’s around. Time will tell.
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8:53
Monday Moanings Part XI
» My part of the world....... Word on the net is that pictures of self styled Kenyan Diva Kaz are floating around the internet. No I have not seen them (a forward would be appreciated though) but I do hear they were tasteful pics (someone posted them online, holla at me for the link) she said they taken by someone she trusted or rather in her own words "loved" and for some reason or other chose to spray them all over the internet. I'm all for self expression and all that other good stuff but I wonder at times how come women let scandalous pics be taken of them in the first place and even worse to let other parties keep those pictures? I mean unless you also have explicit pics of your boyfriend what assurance do you have that if things go wrong that he won't share them with the rest of the world? Hmmmmmmm a thought just came to me, what if Kaz did this as a publicity stunt to keep her name in the lime light? The pics were being discussed on a popular Kenyan forum and I have never seen so many requests for a forward, the dude who cracked me up was the one who said, " please forward me those pics, they are for a school project." The other peeps who cracked me up are the ones who had this exchange on the same thread
Chic - I'm suspecting another guy in the office took those pics. Our wall is green and that wall is very green...
Dude - That's a bed in the "office"... Kwani you work in a brothel? If so whats the location?
Talk about 10-0. What was I trying to say? That's what I get for trying to blog while drinking a beer. Piece some meaning or useful lesson from that paragraph for me.
I was reading Mocha's blog the other day and she took issue with some commenter who took issue with her "dislike" of Nonini. So in the comments section someone posted this article by someone else who was taking issue with Kenyan music as a whole. Harsh as the article was I do agree with most of the author's points, the most ironic thing is that this dude is a pal of mine; we used to work together. Talk about an interesting way to run into people from way back when. On a bunny trail, I watched a music video of a song by Circuite (of Manyake fame), someone needs to take away his studio access: his videos suck and his music sucks even more!
And in closing, a long time ago the Acolyte used to watch WWF (not WWE) wrestling. Of course I knew wrestling was the last thing that was going on; just laughably bad scripting, steroid pumped wrestlers and silicone enhanced women. Anyway in the segment below Stone Cold Steve Austin and Booker T decide to go at it in a supermarket. If you aren't a wrestling fan don't bother watching the whole thing; the best part of it for me was mins 6:04 - 6:38. And people please don't try that at home or at your local supermarket! Nice Week people.........
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8:52
Gas Pump Price Shock
» For Love and Money With oil prices hovering above $90 per barrel, it may be a matter of time before that figure rises past the psychological $100 mark. Fortunately, this sharp increase has not translated into higher gas prices in the US and the pump prices are still below the $3 per gallon post-Katrina prices. This has been attributed to a myriad of factors in addition to the drop in post-summer gas demand.
During my recent trip to the UK, as is always the case when I rent a car, I selected an economy model vehicle because of the nature of the roads and the high petrol prices in the UK. Unfortunately, Avis did not have an automatic economy model on the morning that I arrived and instead offered me an upgrade that comes with the automatic transmission. At first I declined and decided to take the manual economy vehicle instead of the full size Volkswagon Passat Estate. However, after some thought over the ease of driving a manual in a foreign land and the recommendation of the Avis agent I accepted the upgrade. The turning point for me was when she said it is has a better fuel economy as it was a diesel model.
Because I'd never driven a VW before I decided I might as well try it just in case I want to buy one in the future. When I picked the car, the tank was full so I did not have to refuel it and I had hoped that I will refuel it somewhere near Heathrow airport on the day of departure. True to my wishes the fuel lasted until I made my way back to the airport. Just as I left Bluewater shopping mall and got onto the M25, the low fuel warning icon lit up. With the nearest motorway service less than 15 miles away I choose to drive to it as it was in the direction to the airport rather than get off the highway.
I got to the gas station and started refueling the car with diesel. Unlike the gas pumps in the US, the pump was not automatic. You have to manually pump the petrol into your car until you are done. As I refueled, I wondered how much it would take to fill the tank. My guess was that it would cost me no more than £40 for the just over £1 per liter diesel.
So you can imagine my surprise when I fueled past the £40 mark then the £50 and then finally the £60 mark. Blimey! In total I was paying more than $135 dollars at the current exchange rate to fill up the station wagon. As if it was not enough that I had trouble trying to parallel park the estate and drive through the narrow streets, here I was literally paying through the nose for what was supposed to be a fuel economy model.
My guesstimate is that I averaged over 30 miles on the gallon driving a total of 600 miles during the few days I was in the UK. The majority of which were on the motorways as I travelled a bit in the South East.
The $137 I paid to fill-up the car is definitely a new gas pump record for me. Prior to this, the highest I had ever paid was $70 and even then this was for less than $3 per gallon gas in a Manhattan full-service gas station (attendant pumps the gas). And this amount included the tip for the attendant who in addition wiped clean the car's windscreen.
Had I been in the US, the 16.94 liters of diesel would have cost $52. Even in Kenya, I don't think I've ever paid more than 5,000 shillings for petrol to fill up the car tank. In this case, I would have paid 4,750 shillings for the approximately 17 liters of diesel had I been in Nairobi. Basically, diesel in the UK costs almost three times as much than in the US. As for the cost of the car rental, that would be another post altogether. Possibly a post on driving in the UK. For now, I'm just waiting to receive my credit card statement though I've had a peek at it online.
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6:40
LAGOS BOOK & ART FESTIVAL(LABAF):"The biggest Culture Picnic on the Continent"
» Kenyanpoet LAGOS BOOK & ART FESTIVAL(LABAF):"The biggest Culture Picnic on the Continent"
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5:06
MACEXPO ‘07 - What a disappointment!!!
» My Life is...Mochalicious! I was soooo sooooo disappointed with this year’s show! Even with a free ticket…..I still felt cheated. Entrance was £15 on the day and I for one felt sorry for those who did pay to get in….compared to last year’s £12. Apple did not have a stand in the expo, no nano, Leopard, games, etc. Adobe was [...]
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2:49
Umoja: A community of women in Kenya
» Black Looks The women of Umoja are survivors of rape and women who have been ostracised by their families and communities. In Umoja they have come together to form their own community, working for themselves making crafts and on the land. Their choice to stand independently of men has resulted in further abuse and threats [...]
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0:59
:::Transcentury Private Placement and Kenol/Kobil Merger:::
» RIBA CAPITAL 
:::Kenol/Kobil Takeover:::
Kenya Oil Limited stocks are showing some volatility at the Nairobi Stock Exchange on news that the company plans to acquire its trading partner, Kobil Petroleum Limited.
Kenol and Kobil have been operating under a joint management agreement, where Kenol provides the management team. But both companies have had different shareholding structures. The firms are currently seeking approval from the CMA as well as planning a Emergency General Meeting so that shareholders can endorse their plans.
Kenol intends to enter into a conditional sale and purchase agreement whereby Kenol plans to acquire 100 per cent of the issued share capital of Kobil Petroleum Limited, a company incorporated in Delaware, USA.This deal is almost the same as the one for BP/Shell, when BP exited from the Kenyan market and Shell purchased it business.
One of the factors to note is the after a successful acquisition Kenol will automatically become the largest player in the Kenyan oil market with a market share of close to 25%.
Another point is that Kenol will have solidified its presence in Africa with outlets in Kenya, Uganda, Tanzania, Zambia, Rwanda and Ethiopia and plans underway for further expansion.
The Kenyan M&A market has seen some very active times and Investment banking as a career is picking up.
Kenol has seen its average price for the past week rise from Kes: 103.00 to Kes:108.00.
This is a good share to have in your portfolio especially in the LONGRUN.
:::Safaricom IPO:::
This seems well underway after signing of the contracts by the tender winners in the quest for the Government to offload its 25 % stake in the Kes:17Bn money minting machine.
The government is still keen that the IPO can still be done by December this year, though I hold a more conservative view and think a first quarter listing next year would be more beneficial to whichever government will be in power and also to bring confidence to the markets after the elections.
Michael Joseph also seems more keen for a next year listing.
The winners putting pen to paper were: Dyer & Blair Consortium(Lead Brokers), Muriu Mugai (Legal advisers), Citibank Consortium (Lead Receiving bank), Deloitte & Touché (Reporting accountants), Red Sky (Advertisements) and Gina Din Communications(Public Relations ).
:::Transcentury Private Placement:::
This group has matured into Kenya’s Blackstone and plans are well underway for a private placement. Just 10 years(1997) after it was started.
Transcentury evolved over the years from an investment club to one of the leading private equity firms in the Sub Saharan Africa with assets far in excess of Kes: 10Bn.
And its shareholders are smiling all the way to the bank with their networth multiplying by the day.
This private placement is to fund its investments and also reward current shareholders as the fund aims at investing further in Africa and Asia.
Find a link to transcentury Portfolio.
More details of the private placement will follow.
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