Sigh... I have tried to keep my blog focused on Kenyan financial matters including listed firms e.g. (KQ & EAPCC) as well as macro-economic trends.
I think the current political issues & scandals will negatively affect Kenyans' economic well-being.
Of all the personalities named/involved in the Anglo-Fleecing scandal - among others - IMHO John Githongo seems to have little or no reason to "hide" any of the incriminating evidence since he is neither a politician nor benefitted or benefitting from any of the "proceeds" from the numerous scandals.
The current government did try to blackmail John Githongo through "exposing" an alleged loan made by pereira (an arms dealer & crook) to JG's father. This was unsuccessful. JG stuck to his guns. I can see why he is in exile because I also fear for his safety.
The news that kibaki knew of the extent of rot within his government will definitely affect the economic outlook for Kenya as more Kenyans & foreign investors get disgusted with the status quo. This news also brings to the fore further agitation that will affect multiple businesses & lead to an acrimonius election.
Was evidence gathered by The Standard the reason why their offices were raided?
None of the so-called "treasonable evidence" has been released nor has the government taken The Standard to court over this "treasonable evidence"...
Thankfully, there is a strong private sector that can resist the shenanigans of the government & politicians. The recent privatisation & divestitures of entities like Mumias, KCB & soon KenRe will increase the resilience of Kenya's economy.
I hope other institutions like KenGen, EAPCC & KPLC can escape the government yoke thus do their best for the people of Kenya not the politicians & their cronies.
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- ► 2008 (170)
- ► 2007 (79)
- Githongo implicated kibaki... Economic fallout exp...
- KQ to add Comoros as a destination
- Uganda to issue more UShs 5 coins!
- Central Bank of Kenya Website is down & out!
- KPLC announces 2005-6 Results
- Rants, Raves & Reviews! Sep 2006
- KenGen makes Kshs 3.8 Billion PAT 2005-6
- Links to access/download Olympia Capital Holdings ...
- Investing In Africa
- NSE dahlings are down... or are they?
- Celtel - The new Africa superbrand?
- Best Option for Kenya's Interconnectivity Dream
- Party Pooper....
- Sad sad story of Zimbabwe
- NSE party will end... when?
- Africa in Bloom
- Safaricom: IPO Mania... Coming soon to the NSE
- Mumias 2005-6 Results are, well, Sweet...
- EADB support Importers over Local Assemblers
- ▼ September (20)