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Ksh at its weakest since it floated in 1994
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young
#11 Posted : Thursday, August 04, 2011 4:02:42 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
@VVS,
Be aware the only time you make a loss is when you sell so if you had a long term view of Uganda why do you worry yourself ?

I heard you mention cost of air ticket to Ghana, be aware there is a cheaper to travel to any of these destinations in Africa :-

Kenya
Ghana
RSA/Botswana
Egypt.

Join a good tourist company and pay up the dues to become a diamond member. In Nigeria the dues is as high as 500,000 KSH equivilent which can be paid over 5 years, there after you pay next to nothing Like 5% for LIFE for air ticket and accomodation for couple + up to 4 kids below 18 years. That is what I use.
I expect there is something similar in Kenya, otherwise it will be very expensive to travel to invest.

@Cde do not listen to this because you are a young man, you can burn your money for now as you are young until you become old like me. !
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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young
#12 Posted : Thursday, August 04, 2011 4:08:00 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
VituVingiSana wrote:
@young - BTW, Uganda is a tough place.

Equity Bank made HUGE losses in Uganda for 2 years. Finally they have tuned around.

NIC (Nigeria Insurance) was scammed! They ended up paying billions in claims they did not expect to! Something about Makerere Pensions.

KCB barely makes a profit from Uganda after 4 years of struggles!

DTB is smart. They make money everywhere! I love investing in any & all Aga Khan firms. I have never lost money with them.


What of Nakumatt and Uchumi ? UBA , ECOBANK, made losses in the first year and profits thereafter.
What does Textbook Center want in UG.


Any new terrain is always tough even your favourite Rwanda.
Your greatest bias against UG is because of M7.
I fully agreee with you, but I believe one day M7 will leave the stage and UG will get a breather. That is the reasoning of foreigners . Think ahead do not be b0ogged down by M7 mismanagement.
Be aware some foreigners (including me) prefer UG to KE as they find the place cheaper and the people more warm and unique sceneric landscape.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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  | | Edit by user: Thursday, August 04, 2011 4:11 PM | Reason: Not specified
VituVingiSana
#13 Posted : Thursday, August 04, 2011 4:10:52 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
@young - Link please. I will look for equivalent firms/deals in Kenya. Thanks for the idea. On KQ I pay $900-$1,100 return to Accra. One of the reasons I like KQ as an investment is those flights are almost FULL even after the new 737-800s came in!

Even EBB is $350-450 on KQ. I prefer it over the rest since I can get 3-4 choices of flights daily.

Wow! I would be very happy with a deal like that you mentioned because my Accra ticket can be paid for + I get free accommodation as well!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Cde Monomotapa
#14 Posted : Thursday, August 04, 2011 4:14:39 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
@young. Thanks smile I am indeed pleased with the SSA positions I hold. Nevertheless, my next investment destination will be the US when they are 80% through the recession smile
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young
#15 Posted : Thursday, August 04, 2011 4:20:07 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
@VVS

check up



www.hemingwaysafarinigeria.com


You should have something similar in Kenya.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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  | | Edit by user: Thursday, August 04, 2011 11:54 PM | Reason: Not specified
the deal
#16 Posted : Thursday, August 04, 2011 4:21:53 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
The forex losses are huge my friend...but the money is sweet...the Shilling can go to Sh100 since I spend most of my time in Kenya...the money is sweet...just the other day I received N$10000...it balooned to over Sh130K on conversion...life is sweet for me...
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Cde Monomotapa
#17 Posted : Thursday, August 04, 2011 4:27:10 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Investment strategy is to have exposure to all that is causing pain to human beings i.e forex,food,oil,energy,metals. That way u r a net victor of events smile
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  | | Edit by user: Thursday, August 04, 2011 4:34 PM | Reason: Not specified
young
#18 Posted : Thursday, August 04, 2011 4:27:55 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
@vvs

Also check out

www.rvi.co.za


But I use the Hemingsways Nigeria one I sent earlier.

The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Cde Monomotapa
#19 Posted : Thursday, August 04, 2011 4:31:34 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
Investment strategy is to have exposure to all that is causing pain to human beings i.e forex,energy,food,oil,metals. That way u r a net victor of events smile

In the event of the reverse i.e pain turning to pleasure, the above items will still make U wealthier in the long run.
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young
#20 Posted : Thursday, August 04, 2011 4:35:33 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
Cde Monomotapa wrote:
Cde Monomotapa wrote:
Investment strategy is to have exposure to all that is causing pain to human beings i.e forex,energy,food,oil,metals. That way u r a net victor of events smile

In the event of the reverse i.e pain turning to pleasure, the above items will still make U wealthier in the long run.


@CDe do not forget roof over your head or at least plot to stand on because of gravitational force.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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