Another Scam Coming Up at NOCK

I can almost guarantee that we will see a scam in the KES 9bn ($100mn) oil jetty project being handled by NOCK.

Why do I think NOCK can't handle it without losing money?

Well, the corrupt idiots [yes, both corrupt & idiots!] recently gave Prisko [as shady as they come] KES 90mn to source & deliver diesel. Yeah, right. What's more the stupid [& corrupt] decision led to late deliveries of diesel which Kenyans paid for through a price adjustment by ERC.

Yes, instead of disciplining the corrupt folks at NOCK, the ERC passed on the cost to the suckers known as KENYANS...! Who as usual, took it in the ... without a peep!

Market Outlook for Kenya - June 2011

Continuing my attempts to get Finance Professionals to provide insights, I have convinced

Sunil Sanger of Cannon Asset Managers Limited for allowing me to post this Research Report or click the header.

If you have questions or comments, please post them on here & I will ask him to respond.

For those who need more specialized assistance, you can contact Sunil Sanger or Daniel Chege.

www.cannonassetmanagers.co.ke

Sunil Sanger | Managing Director | Cannon Asset Managers Limited| Block D, Gateway Park Mombasa Road| P.O. Box 30216 – 00100 Nairobi| Tel +254-20-2362545, 3966260

Daniel Chege | Portfolio Manager | Cannon Asset Managers Limited| Block D, Gateway Park Mombasa Road| P.O. Box 30216 – 00100 Nairobi| Tel +254-20-2362545, 3966260