KPLC = mini-KRA

KPLC is in a bind...

The firm has done rather well during the past 3 years - since the Manitoba guys came in - but there are dark clouds on the horizon.

KPLC has the following:

• Oodles of cash on the balance sheet
  
• Cash generating/collection capability
• Large procurement needs

So... add all this up and it is attractive to anyone who wants to rip it off... Samuel Gichuru was one of the few kikuyus who survived under dan 'thieving' moi coz gichuru knew how to spread the largesse - at the ordinary Kenyan's expense!

Things got so bad that the GoK was forced to appoint the Canadians - if KPLC wanted financing - to run the firm. After bringing KPLC back into the light... they are being dumped...

Furthermore, the GoK & KRA have made KPLC one of their 'collectors'... KPLC has to use fuel to produce electricity... the fuel is heavily taxed... and this is passed onto consumers making KPLC look like the bad guy! KPLC is also forced to charge VAT thus increasing the burden on the consumers & KPLC...

So KPLC has become a tax collector of sorts for KRA & GoK...

How the KRA & govt kill local businesses!

Many local airlines are suspending operations coz the KRA introduced ill-thought out tax measures. This is just after the KRA introduced KWATOS at the port... without adequately testing the system...

And the KRA is lauded for 'good work'... yeah, right...

Poor KPLC

The GoK uses KPLC as a cash cow.

Petrol prices at the pump are 50% taxes... collected by the Oil Marketers on behalf of the GoK...

They do the same with electricity. GoK forces KPLC to collects taxes/VAT from consumers... so KPLC looks like the bad guy... while the GoK mandarins wallow in our money...

African Despots - Back to the Future...

African despots don't retire... they just extend their terms... by all means possible!

M has a great flowchart...

1) wade of Senegal got his presidential term 'extended' by friendly MPs...
2) paul biya of Cameroon chnaged the constityiyion so he can run again after the initial 2 terms
3) mugabe of Zimbabwe stole the election. Outright.
4) kibaki of Kenya... hmmm...
5) museveni of Uganda wants to be president for life.

The list goes on and on... perhaps the only way to get rid of them is how the Klingons did it in the fictional Star Trek?

The Libyans lay down the law...

It's rare when a ruler directly gets involved in a 'business' deal in another country but gaddafi has laid down the law for kibaki - who accepted money from gaddafi to fund his re-election - as regards the Grand Regency Hotel.

If Kenya kowtows to libya, then we have a huge problem coz we are selling the refinery and pipeline to the libyans. Bad idea... They will have us by our b***s.

The good life...

Who pays Adeninji to while his time away at the Serena? Hmmm... I need one of them cushy jobs!

Makeovers at Nation & Standard online...

The "makeovers" that Nation & Standard have implemented on their websites might make them look 'fancy' but with the excruciatigly slow speeds... loading these pages is a pain...

The old format was easier to navigate coz I knew which pages had what. I do not care much about pictures. Having videos is a nice touch but speed/data restrictions does not help....

I am sure I will get used to the new formats but I would rather they spent time & money IMPROVING THE QUALITY of articles and reporting...

Spare the rod and spoil the child...

What's wrong with the kids?

I remember the riots in university - that were less over 'rights' than allowances & food.

There is no point in destroying dormitory blocks and torching buildings...

For every kid caught with petrol intending to destroy property should be thoroughly whipped then expelled...

Me thinks they are in line to become MPs... considering the utterances of ntimama and his ilk...

The case of disappearing land...

One of the pitfalls of investing in 3 World countries esp Africa is not knowing what you bought or didn't buy...

Delta Resources - backed by Mukesh Ambani of Reliance Industries - purchased land in Nairobi that is 30% less than what they thought they were buying!

The NSSF bought this land during the KANU years when KANU was rewarding its loyalists by raping Kenyans (not that PNU or NARC did any better) left, right & center.

So now the NSSF might have to give back KES 400 million (29% of the sale price) to Delta Resources.

What I find curious is that Delta did not dispute the 'error' earlier since you do not buy land at $11mn/ha and trust the seller before you survey it! Or was Delta Resources toying with NSSF all along while waiting to spring on them? Of course, NSSF is also at fault by selling what they do not own aka fraud.

What Ghana's crooks learnt from Kenya...

Kenya is Africa's teacher in the dark arts...

mugabe the neanderthal stole the election after seeing the success that kibz had in Kenya... and mbeki the appeaser has convinced MDC to 'marry' ZANU to form a "Grand Coalition'. Hmmm... sounds just like Kenya!

Now Ghana's crooked elite are planning a mobitelea on Ghana Telecom similar to Kenya's Safaricom... yes, Kenya has a lot to teach... pity it is all in the realm of the crooked ways!

So... as I posed in my earlier blog post... if Africans lined up all the corrupt politicians and drove a stake through their hearts, after shooting them - twice, just in case - through their noggins... would this be considered an act of kindness or genocide?

(Genocide... I ask? Well, it would eliminate an entire group... not bound by ethnicity but by lack of ethics)