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What does this mean for Mumias Sugar Company?

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Genghis Khan		#11 Posted : Wednesday, June 29, 2011 10:02:46 AM
Rank: Member Joined: 8/5/2010 Posts: 335 Location: Nairobi		http://www.africancapita...%80%9Cby-june%E2%80%9D/ What happened? "I'd rather be lucky than clever... every time!" - ME "The problem is not what we don't know... it's what we know for sure that just ain't!" - MARK TWAIN "Space we can recover... time never!" - NAPOLEON BONAPARTE
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For Sport		#12 Posted : Wednesday, June 29, 2011 10:24:08 AM
Rank: Veteran Joined: 12/23/2010 Posts: 1,229		Genghis Khan wrote: http://www.africancapitalmarketsnews.com/338/nse-to-launch-commodity-exchange-%E2%80%9Cby-june%E2%80%9D/ What happened? "... some sceptics, [.]say the policy framework is not ready and the project is being rushed after the great success of the nextdoor Ethiopian Commodity Exchange (www.ecx.com.et). It cites Mr Daniel Mbithi, the secretary of the Kenya Coffee Planters and Traders (KCPT) association which runs Nairobi Coffee Exchange: “We do not have the necessary legal framework for this market. The current sense of urgency is merely the product of recent reports that a similar market has been established in neighbouring Ethiopia,” he said." The sceptics were right.
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the deal		#13 Posted : Wednesday, June 29, 2011 10:27:53 AM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		For Sport wrote: Genghis Khan wrote: http://www.africancapitalmarketsnews.com/338/nse-to-launch-commodity-exchange-%E2%80%9Cby-june%E2%80%9D/ What happened? "... some sceptics, [.]say the policy framework is not ready and the project is being rushed after the great success of the nextdoor Ethiopian Commodity Exchange (www.ecx.com.et). It cites Mr Daniel Mbithi, the secretary of the Kenya Coffee Planters and Traders (KCPT) association which runs Nairobi Coffee Exchange: “We do not have the necessary legal framework for this market. The current sense of urgency is merely the product of recent reports that a similar market has been established in neighbouring Ethiopia,” he said." The sceptics were right. All talk No Action...its a cancer in Kenya
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Genghis Khan		#14 Posted : Wednesday, June 29, 2011 12:31:27 PM
Rank: Member Joined: 8/5/2010 Posts: 335 Location: Nairobi		For Sport wrote: Genghis Khan wrote: http://www.africancapitalmarketsnews.com/338/nse-to-launch-commodity-exchange-%E2%80%9Cby-june%E2%80%9D/ What happened? "... some sceptics, [.]say the policy framework is not ready and the project is being rushed after the great success of the nextdoor Ethiopian Commodity Exchange (www.ecx.com.et). It cites Mr Daniel Mbithi, the secretary of the Kenya Coffee Planters and Traders (KCPT) association which runs Nairobi Coffee Exchange: “We do not have the necessary legal framework for this market. The current sense of urgency is merely the product of recent reports that a similar market has been established in neighbouring Ethiopia,” he said." The sceptics were right. I think the sceptics were wrong... We can obviously just copy-paste this "legal framework" thing and tweak it as we go along... I think its just the lack of someone keen in the drivers seat... ... isn't there money to be made? Where did jimnah Mbaru go? "I'd rather be lucky than clever... every time!" - ME "The problem is not what we don't know... it's what we know for sure that just ain't!" - MARK TWAIN "Space we can recover... time never!" - NAPOLEON BONAPARTE
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For Sport		#15 Posted : Friday, July 01, 2011 7:57:22 PM
Rank: Veteran Joined: 12/23/2010 Posts: 1,229		@ Genghis Khan yes there is money to be made. However, in most cases, the law follows business. Businessmen get in the mud, chart a path...and then the law follows to regulate their activities and facilitate their business. Case in point - MPESA. Remember all those arguments about whether they were offering banking services without proper licencing / regulation by the CBK? Thinking about agricultural crops in this country, again I think its business that should chart the path. Already in practice, their are aspects of investing, trading or speculation on futures - like in mwea where brokers book the crop as it is being planted. It may be easy enough to cut and paste the Ethiopian legislation you're referring to but I wonder which investor in their right mind would want to draw up contracts for certain overpoliticized (is that even a word) crops in this country. You hear about maize scandals, sugar scandals etc but never about rice scandals or millet scandals. i would not sit down with a farmer to draw up a contract to buy his harvest this year in November because come that month, some Minister will open his mouth to announce measures that will mess up my contract. (e.g. flood the country with cheap imports). Having the law in place will be nice....but only if people are engaged in that business.
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Njung'e		#16 Posted : Saturday, July 02, 2011 10:38:36 AM
Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi		Nzoia and MSC annual stops deffered for another week to help stabilise sugar shelf prices....I doubt it will work.Good thing though is that Nzoia has agreed to sell cane to MSC for the remainder upto stoppage and this should up the annual target...248 K MT of sugar possible......and this brings to fore what i always believe and i wish politicians from Western Kenya were wise enough.They would lobby for Nzoia takeover by MSC without neccessarily going to the tendering process (Competitive bidding).This would ensure continuty since MSC has the money and management capabilities,while Nzoia has the land and outgrowers....This would benefit Western Kenya a lot...but then....!! Nothing great was ever achieved without enthusiasm.
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youcan'tstopusnow		#17 Posted : Saturday, July 23, 2011 2:15:34 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		What does this mean for Mumias Sugar Company? GOD BLESS YOUR LIFE
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youcan'tstopusnow		#18 Posted : Saturday, July 23, 2011 2:17:34 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		Njung'e, when is he retiring? Or he'll be doubling up the jobs? GOD BLESS YOUR LIFE
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mwanahisa		#19 Posted : Saturday, July 23, 2011 5:56:20 PM
Rank: Elder Joined: 6/2/2008 Posts: 1,438		@YCSUN, is this for real? Kidero wants to set up "shop" in Nai?
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youcan'tstopusnow		#20 Posted : Saturday, July 23, 2011 9:36:10 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		mwanahisa wrote: @YCSUN, is this for real? Kidero wants to set up "shop" in Nai? Yep. Seeing is believing, ain't it? Plus I've heard it discussed in Wazua before that he is interested in entering politics... GOD BLESS YOUR LIFE
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