Blog Archive

Saturday, September 30, 2006

Githongo implicated kibaki... Economic fallout expected

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.

16 comments:

Anonymous said...

The only problemn i have with Githongo is that i think he knows more than he is saying, and if so why not just say it

Kudrinketh said...

I think Githongo might be saving the best for last.He most likely will release more damning info when it counts,around election time,and in bits just to keep the Kibaki and company busy.

This guy is very determined to make Kibaki pay dearly.I think Kibaki underestimated his resolve for anti-corruption, they thought that he could be cajoled coz he is a fellow Kyuk.

What these tribalists forget is that most young kenyans do not subscribe to their tribal sycophancy.

Now if we could just get more githongos and kiais to take it a step further and run for political positions, we'd be that much closer to reversing years of corruption and tribalism and get kenya on the road to recovery.

odeglenyanginv said...

given what we now know about the sleaze in Kibaki administration, i wonder what could happened to this country had they not opted for corruption. picture this, the economy has improved a great deal just 4 years since he took over. this is a guy who has indeed shuned tribalism in the cases of spreading development activities.

i remember that in KANU days, no development whatsoever could take place in 'oposition' strongholds. but now, look at the tourism promotion in the heart of ODM (western and Naynza) and many other things. in KANU days poverty was used as a tool to make pple submit . look at the NSE, small businesses coming up, the interest rates low. look at our streets. more and more people can afford cars and so on. VAT lowered yet the govt in running, MPS increased salsries yet the country is working! am sure you can add the many positive things Kibaki administration has brought. i didnt mention higher pay for teachers and civil servants and free primary education. on top of that free malaria care. and for the first time, we did not have to wait for 'donnor support' to do our stuff. for the first time am proud to be kenyan.

given all these things, i still am baffled that in spite of the massive sleaze, kibaki has been able to do these things.

question is: what could he have been able to do to this country u if he was not corrupt!

it makes me sick to imagine. coz it appears the potential in this country is enomous.

coldtusker said...

If Kibz had the goodwill to do the best for Kenya, he could have led Kenya down a glorious path.

If he had shown the determination to crush ALL corruption, no matter who opposed him, we would have supported him against ALL those who would have impeded economic progress.

He lost the hearts of Kenyans after the Anglo-Fleecing story came out.

gathinga said...

Am not a sceptic or a regime apologist but It appears even githongo has
a hidden agenda... picturethis?

If ringera had attempted to 'slow down' investigations. why didnt JG tell us then. Instead, he is doing so now after 6 months. was JG waiting for the 'right time' for maximum to achive a certain objective, and what's that objective?

If Ringera's recording system failed, and JG didnt trust te answer, why didnt he raise the flag then?

Would Rinmgera be stupid enough to propose to JG as JG sugests knowing very well that JG would have tapped him... like he had so sucessfully before

clearly JG has another objective anticorruption being only a means to achive

coldtusker said...

Perhaps JG has another agenda but I still trust him over Kibz & cronies!

Why hasn't Kibz come out & said OPENLY that he did not know about anglo-fleecing?

JG might have given Ar time to sort out AR without prodding but saw nothing happening.

Kenyans have ADD. If JG spilt all back then, then no-one would remember now! The Anglo-fleecing debate had died down until revived by JG.

Note that NOTHING has come off the Goldenberg & Artur brothers investigation. They took the heat off Anglo-fleecing when needed...

JG is a smart man... I would vote for him as PREZ...

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