@Burning Spear,Kindly look into their major investments:-
1. They own a 34% of RVR (Remember who they bought it from)and how they tried to muscle out Citadel bringing everything to a stand still. If RVR is not in anyway associated with the govt.
2. The KPLC share they off loaded the other day were purchased from NSSF. Now if NSSF is not associated with the govt then this is village talk.
3. Avery Kenya that was recently renamed Avery (EA) started in the 70's was initially associated with Ministry of trade. Sole distributors of Avery Weigh - Tronix products in Kenya (Associated with GE).
4. Development bank of Kenya. 89% owned by ICDC not ICDCI(Centum). Gets you to the same story 'govt'.
5. EA Cables maybe the only company that they expanded rapidly after acquisition. Though do you remember the saga sorrouding its price soar and investigations by CMA on the same and the stockbrokers that dealt with the acquisition from Sameer!
6. There was a time they wanted to make a bid for HF, though the plans were scuttled.

Also just to get a touch of this big boys club:
Zeph Mbugua (EA Cable & Transcentury Chairman)
Peter Kanyago (EA Cables Director)
Robin Kimotho
Joseph Kamau
Kariithi Njogu
Jimnah Mbaru (D&B, Britak)
Joseph Karago
Michael Waweru (the KRA Commissioner General) Eddy Njoroge (the CEO of KenGen).

This is no village talk. Read between the lines and check at the period when most of these acquisitions were made and you'll have your own answers.

@qw, puzzling indeed. Britak-Jimnah, transcentury-the group, real insurance-(zeniki investments-zeph mbugua), deacons. Its either new listings or private placements.

RMS has been around for long and has gone through 2 regime changes thus developed shock absorbers. The guy is also witty coz he's gone out of his way to make every part of Kenya listen to their own language on radio including the young. This dude is actually playing it safe right now politically and is strengthening his shocks!