The Quonquerer
JF-Expert Member
- May 14, 2009
- 777
- 111
When you come here and brag of Nakumatt is Kenyan while it is known the Shah family is British and how much tax they evade, you disgrace yourself!
What i know is they (Shahs) are holding british passports, they are majority owner of Nakumatt and there is no dual nationality in Kenya! Otherwise prove me wrong!Kilome Member of Parliament, Mr Harun Mwau the boss - is the majority shareholder of Nakumatt Holdings. Do your research well. The Shah family you are talking about were born and raised in Nakuru.
They started with a small shop called Nakuru Mattresses and only went big when the hooked up with the boss to start Nakumatt. The boss also has stakes in the rapidly expanding tuskys which also started in Nakuru as tusker mattresses.
What i know is they (Shahs) are holding british passports, they are majority owner of Nakumatt and there is no dual nationality in Kenya! Otherwise prove me wrong!
you are crayz you want me to bring their copies of passports here! Keep arguing!show us ur source. thnx in advance
What i know is they (Shahs) are holding british passports, they are majority owner of Nakumatt and there is no dual nationality in Kenya! Otherwise prove me wrong!
Hw did you know they were Britons
Ama peeping Tom ama ullikuwa mboch wao coz thats the only way.
you are crayz you want me to bring their copies of passports here! Keep arguing!
nathani wewe unalala even recently Mo Ibrahim bought controlling stake in Nakumatt so stop arguing on things you are not aware of!no one is arguing with you buddy. i am simply asking you to post a link of a biography article about the pioneers of nakumatt or produce any other credible proof that the pioneers of nakumatt are not kenyans(notice i am saying pioneers because the majority shareholder is harun mwau). i am waiting.
nathani wewe unalala even recently Mo Ibrahim bought controlling stake in Nakumatt so stop arguing on things you are not aware of!
For one to have controlling stakes you need to have 51% of the shares. Mo Ibrahim is negotiating for 33% as nakumatt seeks funds to finance it's regional expansion. The deal is not yet through.Nakumatt is currently majority owned by the Atul Shah family and Hotnet Ltd, a company associated with Kilome MP Harun Mwau.
With a Sh1.8 billion price for a 33 per cent stake, Nakumatt, the retail with subsidiaries in Uganda and Rwanda, is currently valued at about $75 million (Sh5.4 billion).
The retailer, whose finances have been under pressure from the slowdown in consumer spending is backing up the Sh1.8 billion it expects from the sale proceeds with a Sh4 billion syndicated medium term loan from NIC, KCB, CFC Stanbic and Barclays banks.
Should the two deals come through, Nakumatt will have in its pockets a total of Sh5.8 billion in new cash that Mr Shah says will go into financing regional expansion as well as boosting stocks.
The entry of the European-based investor billionaire Mo Ibrahim is expected to send positive signals about the growth potential into Kenya's retail market and raise Kenya's profile as a viable investment destination.
For one to have controlling stakes you need to have 51% of the shares. Mo Ibrahim is negotiating for 33% as nakumatt seeks funds to finance it's regional expansion. The deal is not yet through.
Check here on the list of board of directors page 2 to prove that the major owner of Nakumatt is a British and not a Kenyan! his really name is Atul K. M. Shah he also partly own CMC Holdings! That means even before Mo Ibrahim has acquired the shares the company is already british by more than 51%.just leave geza alone. that is why i bothered not to respond to him.
Check here on the list of board of directors page 2 to prove that the major owner of Nakumatt is a British and not a Kenyan! his really name is Atul K. M. Shah he also partly own CMC Holdings! That means even before Mo Ibrahim has acquired the shares the company is already british by more than 51%.
http://www.cmcmotors.com/UserFiles/File/cmcsnnuallreport_2007.pdf
When you guys argue please remove your nationalistic emotions! i speak what i know always! having said that i continue to insist Nakumatt, Tusky are not Kenyan but British owned companies incorporated in Kenya! nothing to chest yourself about them since everybody know that land belongs to foreigners and hence the little success you brag about! So are other companies like Kobil, Nationmedia, The Standard, Safaricom, Zain Kenya, EA Brew., unilever Kenya, Bata Kenya, Athi River Mining and so many others RVR railway is on the way also! I usually laugh when i read articles saying Kenya is the second in the list of investors in Tanzania, while in reality the companies belong to British but incorporated in Kenya and are actually expanding or divesting in Kenya and investing in Tanzania! you smatta and certified will remain poor just like me so tear down your boldness!
Check here on the list of board of directors page 2 to prove that the major owner of Nakumatt is a British and not a Kenyan! his really name is Atul K. M. Shah he also partly own CMC Holdings! That means even before Mo Ibrahim has acquired the shares the company is already british by more than 51%.
http://www.cmcmotors.com/UserFiles/File/cmcsnnuallreport_2007.pdf
When you guys argue please remove your nationalistic emotions! i speak what i know always! having said that i continue to insist Nakumatt, Tusky are not Kenyan but British owned companies incorporated in Kenya! nothing to chest yourself about them since everybody know that land belongs to foreigners and hence the little success you brag about! So are other companies like Kobil, Nationmedia, The Standard, Safaricom, Zain Kenya, EA Brew., unilever Kenya, Bata Kenya, Athi River Mining and so many others RVR railway is on the way also! I usually laugh when i read articles saying Kenya is the second in the list of investors in Tanzania, while in reality the companies belong to British but incorporated in Kenya and are actually expanding or divesting in Kenya and investing in Tanzania! you smatta and certified will remain poor just like me so tear down your boldness!
My brother, who said am poor. I have my own business and it's very succesful. By the way the AK Shah of CMC is not the one of Nakumatt. How many Shah's own businesses in Kenya. Please give me a link showing that Atul Shah owns 51% of Nakumatt. I am still waiting. And another correction Safaricom is 60% Kenyan owned and 40% Vodafone. Standard Media is 100% Kenyan owned.
Check here on the list of board of directors page 2 to prove that the major owner of Nakumatt is a British and not a Kenyan! his really name is Atul K. M. Shah he also partly own CMC Holdings! That means even before Mo Ibrahim has acquired the shares the company is already british by more than 51%.
http://www.cmcmotors.com/UserFiles/File/cmcsnnuallreport_2007.pdf
When you guys argue please remove your nationalistic emotions! i speak what i know always! having said that i continue to insist Nakumatt, Tusky are not Kenyan but British owned companies incorporated in Kenya! nothing to chest yourself about them since everybody know that land belongs to foreigners and hence the little success you brag about! So are other companies like Kobil, Nationmedia, The Standard, Safaricom, Zain Kenya, EA Brew., unilever Kenya, Bata Kenya, Athi River Mining and so many others RVR railway is on the way also! I usually laugh when i read articles saying Kenya is the second in the list of investors in Tanzania, while in reality the companies belong to British but incorporated in Kenya and are actually expanding or divesting in Kenya and investing in Tanzania! you smatta and certified will remain poor just like me so tear down your boldness!
Check here on the list of board of directors page 2 to prove that the major owner of Nakumatt is a British and not a Kenyan! his really name is Atul K. M. Shah he also partly own CMC Holdings! That means even before Mo Ibrahim has acquired the shares the company is already british by more than 51%.
http://www.cmcmotors.com/UserFiles/File/cmcsnnuallreport_2007.pdf
When you guys argue please remove your nationalistic emotions! i speak what i know always! having said that i continue to insist Nakumatt, Tusky are not Kenyan but British owned companies incorporated in Kenya! nothing to chest yourself about them since everybody know that land belongs to foreigners and hence the little success you brag about! So are other companies like Kobil, Nationmedia, The Standard, Safaricom, Zain Kenya, EA Brew., unilever Kenya, Bata Kenya, Athi River Mining and so many others RVR railway is on the way also! I usually laugh when i read articles saying Kenya is the second in the list of investors in Tanzania, while in reality the companies belong to British but incorporated in Kenya and are actually expanding or divesting in Kenya and investing in Tanzania! you smatta and certified will remain poor just like me so tear down your boldness!
Nakumatt is currently majority owned by the Atul Shah family and Hotnet Ltd, a company associated with Kilome MP Harun Mwau.
http://www.businessdailyafrica.com/...178/-/view/printVersion/-/rqrjyu/-/index.html
I strongly insist on Shah being the majority owner by shares since the restructuring of the company to expand needed his shares more than the Hotnet. Otherwise you don't see the implication of putting his name on all the transactions that involve restructuring! I will bring the evidence soon to you bragging man since you want to see a 51% ownership! and for your info. i call you a Kibera man cause you seem to be out of touch on what going on in that Kenya but you are quick at bragging here! Kenyans own nothing in that Economy! May be the few elites in politics circle! I assure you so and please stop your nonsense here ati the biggest economy in EA, while in the hands of foreigners! how insane is that to be proud of others success in the UK? I had to do this to make Smatta shutup his unnecessary bragging! ati Nationmedia is the biggest in EA! Yes it is but would sound better if was owned by a Kenyan something you failed as a nation! And for your info. Smatta i am never proud of my fellow Tanzanian accumulated wealth since you never see me saying ati IPPMedia is Tanzanian or TIOT is or Precisionair is or Shelly's Pharmaceutical is! i have no time for that, i cherish them and get motivated may be if i work hard i can be one of them!!I think english is the problem here. Nakumatt has many owners but the majority owners are Shah "and" Hotnet. I am asking you again please provide percentages.
I feel so humbled when you call me a Kibera man coz I know that's it's only when people lack arguments that they result to insults. au sio!!
I strongly insist on Shah being the majority owner by shares since the restructuring of the company to expand needed his shares more than the Hotnet. Otherwise you don't see the implication of putting his name on all the transactions that involve restructuring! I will bring the evidence soon to you bragging man since you want to see a 51% ownership! and for your info. i call you a Kibera man cause you seem to be out of touch on what going on in that Kenya but you are quick to bragg here! Kenyans own nothing in that Economy! may be the few politicians circle! I assure you so and please stop your nonsense here ati the biggest economy in EA while in the hands of foreigners! i had to do this to make Smatta shutup his unnecessary bragging! ati nationmedia is the biggest in EA! Yes it is but would sound better if was owned by a Kenyan something you failed as a nation!