Blog Archive

Monday, July 07, 2008

Uchumi real estate & Grand Regency Hotel

Apparently one of Uchumi's buildings for sold for a song as well.

If a transparent process had been followed then there would be no question of impropriety but it was not.

So kirubi & kimunya are in the same boat. They may be innocent. They might not have benefited from the sale but it seems neither followed a transparent process.

kirubi is also known to have political goodwill/connections with the current government. I think he was at the head of kenatco - which collapsed during or soon after his time there - which is a pale shadow of it's former self.

5 comments:

Ssembonge said...

It puzzles me why you invest in the NSE despite all the short comings that you keep on highlighting post after post.

I sure hope that you are in the US.

MainaT said...

Kirubi and Kibz own International House...

coldtusker said...

Ssembonge: In Kenya. There are a few gems about the crud.

I am an activist shareholder. I support & highlight firms that do the right thing.

Among these are:

Equity Bank
EABL
KQ

These firms have decent corporate governance & have good information dissemination.

Proud Kikuyu Woman said...

Ssembonge, if you play your cards well, one of the places to be is the NSE and other African SE's. Most are doing much better than the NYSE as of right now. E.g. I hear the Ghana SE has already returned 33% this year, Nigeria SE returned double last year it may be volatile, but I could never for the life of me close my eyes to the opportunities therein. Neither does it have to be either/or-Kenyans in Kenya can surely invest in the NYSE, can't they? At least that's my strategy.

HATUA said...

@ ssembonge where else do you get a return of over 150% in just 4mnths, not NYSE definately and thats y foreign investors were just cashing in 40% return in safcom IPO