SA monipolizing EA and not Kenya monopolizing EA

[EngineerLMG]

Wakenya na Watanzania, wacheni kubishana na kila mtu ajenge nchi yake.
Hiyo time yote tumechukua kubishana kwa maneno tungekuwa tumefunga deals kibao.
We should all grow up.

 

[bagamoyo]

Wakenya na Watanzania, wacheni kubishana na kila mtu ajenge nchi yake.
Hiyo time yote tumechukua kubishana kwa maneno tungekuwa tumefunga deals kibao.
We should all grow up.

The entry of a Tanzania-based miller Azam Worldwide | Azam Bakhresa GroupAzam Bakhresa Group into the local flour production industry is causing jitters among established milling companies and some cereal farmers. There are fears that the milling company, which will operate under the umbrella of the giant Bakhresa Group of Companies, may deny farmers a market for their produce should it opt to procure maize and wheat from across the border. The chairman of Rift Valley Farmers Stakeholders Forum Justus Monda told the Sunday Nation that although he supported additional investment in the country, he was wary because millers had a habit of exploiting farmers.

He expressed fears that a company with deep roots in the region would have an unfair advantage over local companies by cheaply sourcing raw materials from across the borders. "We read mischief in plans by this firm with a strong establishment in other countries to put up a milling plant in the country.
They must assure us they will first exhaust the maize and wheat we produce before looking beyond the borders," he said. The Bakhresa Group of Companies has a presence in Tanzania, Zanzibar, Uganda, Rwanda, Burundi, Zambia, Malawi, Seychelles and Mozambique.
Source: Tanzania miller to set up shop in Mombasa - Kenya

Tanzania kupitia makampuni yanayomilikiwa na Wa-Tanzania tunakuja kufanya biashara kubwa kubwa Kenya, sasa uwoga wa wadau wa (Kenya) Rift Valley Farmers unatoka wapi????

 

[Dhuks]

Those are normal business practices and should be expected. Did not the tanzanian govt warn Brookside dairies against sourcing milk in tanzania and processing in kenya?

 

[EngineerLMG]

The entry of a Tanzania-based miller Azam Worldwide | Azam Bakhresa GroupAzam Bakhresa Group into the local flour production industry is causing jitters among established milling companies and some cereal farmers. There are fears that the milling company, which will operate under the umbrella of the giant Bakhresa Group of Companies, may deny farmers a market for their produce should it opt to procure maize and wheat from across the border. The chairman of Rift Valley Farmers Stakeholders Forum Justus Monda told the Sunday Nation that although he supported additional investment in the country, he was wary because millers had a habit of exploiting farmers.

He expressed fears that a company with deep roots in the region would have an unfair advantage over local companies by cheaply sourcing raw materials from across the borders. “We read mischief in plans by this firm with a strong establishment in other countries to put up a milling plant in the country.
They must assure us they will first exhaust the maize and wheat we produce before looking beyond the borders,” he said. The Bakhresa Group of Companies has a presence in Tanzania, Zanzibar, Uganda, Rwanda, Burundi, Zambia, Malawi, Seychelles and Mozambique.
Source: Tanzania miller to set up shop in Mombasa - Kenya

That's good news. The more E. African companies there are in the global market, the better it'll be for business. Sioni shida yoyote hapo.

 

[MK254]

Fellow Kenyans, don't waste your valuable time engaging this Geza Ulole guy, the dude is obsessed with anything Kenyan, his envy has hit peak level such that I doubt he even remembers his country's national anthem. Let's maintain our resolve, patriotism, aggressiveness and pride, focus our effort in teaming up with our major competitors like South Africans and Ethiopians, also with some very ambitious and aggressive Tanzanians. We can't afford to waste time listening to noises of anyone behind us, otherwise we too will find ourselves slowing down.
Our aggressive president together with his equally efficient deputy have launched a one million acre land irrigation programme, this is ambitious and with support from all of us, Kenya is going places..... not to mention thousands of so many other things going on, at this pace in ten years, we will never be the same again.
My advice to Geza Ulole, make sure your TV doesn't wander off +254 channels, you'll learn a lot.

 

[Dhuks]

Geza has actually slowed down but we dont mind him, sometimes even a broken record is a good find

 

[Geza Ulole]

Now Safaricom is to add up the list of SA companies acquisition in Kenya!

 

[Geza Ulole]

Fellow Kenyans, don't waste your valuable time engaging this Geza Ulole guy, the dude is obsessed with anything Kenyan, his envy has hit peak level such that I doubt he even remembers his country's national anthem. Let's maintain our resolve, patriotism, aggressiveness and pride, focus our effort in teaming up with our major competitors like South Africans and Ethiopians, also with some very ambitious and aggressive Tanzanians. We can't afford to waste time listening to noises of anyone behind us, otherwise we too will find ourselves slowing down.
Our aggressive president together with his equally efficient deputy have launched a one million acre land irrigation programme, this is ambitious and with support from all of us, Kenya is going places..... not to mention thousands of so many other things going on, at this pace in ten years, we will never be the same again.
My advice to Geza Ulole, make sure your TV doesn't wander off +254 channels, you'll learn a lot.

When a fool got beaten!

 

[willyTrinidad]

Ever heard of Laissez-faire capitalism? It simply means allowing industry to be free from state intervention, especially restrictions in the form of tariffs and government monopolies. Kenya is a free market economy, the South Africans can invest all they want, we don't disagree with that as long as they pay taxes and create employment, thats what's important.

Spot-on.

 

[Tony254]

Never alert a fool cause will keep on arguing, from ur tourism industry to Seacom and Eassy fiber optic cables, to most of ICT businesses in Kenya, to ur paying TV (Dstv) to the clothes u wear either from Deacons to Woolworths to the wines you drink to the toilet paper u use to wipe ur butts (by The tiger brand) to the pharmaceuticals to ur railway without forgetting ur Kenya airways (significant % owned by SAs) and ur banks yet u yap here ati "he will chase them away, :blah:" just make sure he is not kicked out of HACO Industries since he is a minority shareholder now (since Drum Magazine (since when a Kenyan can buy entertainment stuffs while dying of hunger) and EABL and SABMiller deals excite u with the economy that could not absorb those simple investments)! Keep dreaming my friend since when a Kenyan is that smart? a Kenyan is simply an arrogant creature!

Haha machungu. Mimi yangu ni kukuweka sawa unapokosea. Unasema tourism ya Kenya inacontroliwa na South Africans, bangi punguza, Britain ndio ina tourists wengi hapa Kenya ikifuatiwa na U.S.A. Unasema eti railway ya Kenya inacontroliwa na S.A, again bangi punguza, sgr ya Kenya is public property.

 

[Geza Ulole]

Haha machungu. Mimi yangu ni kukuweka sawa unapokosea. Unasema tourism ya Kenya inacontroliwa na South Africans, bangi punguza, Britain ndio ina tourists wengi hapa Kenya ikifuatiwa na U.S.A. Unasema eti railway ya Kenya inacontroliwa na S.A, again bangi punguza, sgr ya Kenya is public property.

Mind u at the time SGR was not there n RVR was under SA company Sheltam Rail Corporation! Moreover Egypt's Citadel Capital was out of the picture.

 

[Geza Ulole]

The man who made millions from investing nothing in railways
New evidence reveals how Mr Roy Puffet, the South African investor on the right who is at the centre of what is emerging as one of Kenya’s most infamous privatisation scandals, thrived by projecting the image of a big corporate player and director of multiple companies in South Africa.

RVR managing director Roy Puffet and Kenya Transport minister Ali Mwakwere and Eng. John Byabagambi Minister for works Uganda (Right) during the launch of the Rift Valley Railways in Nairobi.
BY JAINDI KISERO

IN SUMMARY

• HARD QUESTIONS: How did highly paid technocrats in Kenya and Uganda and their World Bank advisers fall for a sham railways deal?

Advertisement

New evidence reveals how Mr Roy Puffet, the South African investor on the right who is at the centre of what is emerging as one of Kenya’s most infamous privatisation scandals, thrived by projecting the image of a big corporate player and director of multiple companies in South Africa.
But, as it was to emerge later, it was all but a clever game: most of the companies owned by Mr Puffet are shelf units with no capital base.
Just how he managed to commit Kenya and Uganda into handing over to him the running of the Kenya-Uganda Railways system for a period of 25 years is one of the intriguing aspects of the saga.
Tracking companies owned by Mr Puffet leads you to a complex web of holdings registered in Kenya, Mauritius and South Africa.
But the names of the companies that are material to understanding Mr Puffet’s intriguinng game are four: Rift Valley Railways Kenya Ltd, Sheltam Rail (Pty), Sheltam Trading CC (both of South Africa) and RVR Investments(Pty) of Mauritius.
Three interesting trends emerge from a closer scrutiny of the files of these companies from registries in South Africa and Kenya.
No capital base
First, they were all registered in the year 2005, only months before the railway transaction was concluded.
Secondly, none of the companies had a capital base to own an asset as big as the Kenya Uganda Railway system.
Mark you, the international valuation company, Ecorys Nederland BV, which was contracted by the two governments to specifically value the assets of the railway system, came up with a figure of $808 million.
Thirdly, none of Mr Puffet’s companies had either the capacity or the financial muscle to manage a railway system as large and complex as the Kenya-Uganda Railways.
What is clear is that the moment Mr Puffet’s consortium was declared the leader in the bidding for the concession, he went into a spree, registering one company after another in multiple jurisdictions.
According to information from the companies registry, Rift Valley Railways Kenya Ltd, the entity whose name appears in the actual concession document, was purchased off the shelves of Nairobi’s companies registry from two Kenyan businessmen, Philip Kingai and Julius Mwangi Ng’ang’a, on October 25, 2005 under certificate number 120151.
The two handed over this shelf company to Mr Puffet for a consideration of Sh200 million, hardly a week after the company was registered.
On November, 4, 2005, the name of the company changed to Rift Valley Railways Kenya Ltd. Mr Puffet and another South African national, Wesley Graham Kruger, were appointed directors.
According to the records, the share capital of the company was stated as Sh98,000.
At this stage, other names come into the picture, namely, RVR Investments (Pty) Ltd, an entity registered in the Republic of Mauritius, Sheltam Rail (Pty) of South Africa and Sheltam Trade CC, also of South Africa.
The shares held by Philip Kingai were transferred to Sheltam Rail Company (Pty) based in Port Elizabeth, while the shares owned by Julius Mwangi Ng’ang’a were transferred to Sheltam Trade CC.
With this multiplicity of companies in his hands, Mr Puffet was able to convince the government to sign deals with entities of doubtful financial standing.
It is noteworthy that, according to the concession agreement itself, the registration number for Rift Valley Railways Kenya is stated as C120 126.
Yet, in the files for the original company, it is given as C120 151. A mundane discrepancy? Maybe. But it serves to emphasize the point that the parties negotiating with Mr Puffet on behalf of the government did not do much of a due diligence process on the man and his companies.
A wily operative, the manner in which he committed negotiators of both governments to close the deal is a compelling story on the art of hard bargaining.
A few days before the day of taking over, and well aware that he did not have the $5 million he was required to cough up before moving into office, he crafted a clever scheme that enabled him to outmanoeuvre government negotiators and their advisers.
He carried on as if he was prepared and ready to meet all requirements until the very last minute, and thus cornered the government at a point where cancelling the deal would not have been a politically feasible option.
Mr Puffet’s game was implemented to precision. Up to the very last day, he gave no indication to the government that he did not have the money for the entry fees.
At one point, in those very last few days, Mr Puffet even asked the two governments to send wiring instructions to his bankers in South Africa so that the money could be sent.
The story goes how, one day before the day of closure, Mr Puffet was in Kampala attending a party hosted in his honour by the government to celebrate his imminent takeover of the railways. It was during that party that he broke the news to the government: he had just been informed that his most critical partner, Grindrod of South Africa, had pulled out.
The implication was that he was not going to meet a number of conditions for closure, including payment of entry fees.
Effectively, the two governments and their negotiators were cornered. It was too late in the day to cancel the transaction.
Spent the night
Consequently, top government officials of both Kenya and Uganda, flanked by a huge team of transaction advisers, spent the night at Kenya’s Treasury crafting a new agreement with new conditions to allow Mr Puffet to take over without having to meet all conditions of entry, including the entree fees.
He had won the game. Once he moved in, and having taken over as chairman and chief executive of the company, he signed a management agreement with companies associated with him in South Africa — allowing him to repatriate millions in fees.
The two companies were Sheltam Grindrod (Proprietory) Ltd and RVR Investments (Proprietory Ltd).
Under the agreement, Rift Valley Railways Kenya Ltd was compelled to pay Mr Puffet’s companies a management fee equivalent to two per cent of monthly revenues.
By tying the fees to revenues, he made sure he was able to earn millions from the company regardless of whether or not it was making profits.
In November last year, he sold Sheltam Rail to Egyptian private equity firm, Citadel Capital, making millions from investing nothing in Kenya and Uganda.

https://www.nation.co.ke/news/1056-849708-ijalbjz/index.html

 

[eliakeem]

Ahaaa haaa haaa
Duuu Zamani sana.

 

[Smatta]

Ahaaa haaa haaa
Duuu Zamani sana.

Aisee kitambo humu wakenya walikuwa wachache mno, tulikuwa tunangangana na hawa akina eliakeem, Abdulhalim na kina Geza kama kawa, naona vijana wapya wamechukua baton, hadi kieleweke mkuu.

 

[eliakeem]

Aisee kitambo humu wakenya walikuwa wachache mno, tulikuwa tunangangana na hawa akina eliakeem, Abdulhalim na kina Geza kama kawa, naona vijana wapya wamechukua baton, hadi kieleweke mkuu.

Ahaaa haaa haaa
Tunazidi kutoa ELIMU tu kwa vijana.

 

[pingli-nywee]

Yaani huu uzi wa geza ni wa 2010! Miaka minne baadaye 2014 akaufufua. Ndio huyu tena 2018..... na anaimba ile ile hit song moja. Huyu jamaa TAKEU style ikitokea tayari alikuwa na kitambi.

 

[nomasana]

Aisee kitambo humu wakenya walikuwa wachache mno, tulikuwa tunangangana na hawa akina eliakeem, Abdulhalim na kina Geza kama kawa, naona vijana wapya wamechukua baton, hadi kieleweke mkuu.

Right?!! The newer Kenyans are more savage than we were

 

[KIDUNUNDU]

Refers the bold txt. That is a hypothetical situation, there is no on earth a state that apply a purely price mechanism economic system. What exists is the degree of the freedom that the governments of the world grant to est. Even in US is not the case. So kenya must watch out what level of freedom that is giving to the (foreign) investor becoz the intervention is inevitable.

JiulizeUSA ni capitalist lakini anakuwa na wasiwasi wa makampuni yake mpaka anatumia mabalozi na muda mwingine kufanya bailouts. Sasa kama lipo out of your control na lina stake kubwa kwenye uchumi wako limeajiri na linadondoka utalifanyeje?

 

[Smatta]

Right?!! The newer Kenyans are more savage than we were

Hahahahaa manze dudes are savages.