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ksh. 5 billion loan from Equity to CCN
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Magigi
#11 Posted : Wednesday, August 29, 2012 11:38:26 AM
Rank: Elder

Joined: 3/31/2008
Posts: 7,081
Location: Kenya
tassia wrote:
We saw a worsening of service delivery by the City Council during Philip Kisia'a tenure at City Hall. Now, we hear that he actually needed Kshs 5 billion to bring down the level of service delivery. My goodness, I cannot stop blaming Mudavadi for this appointment. And both want to be our leaders!!! And surprising, we must just elect them because they belong to our tribe or our party.

Let me just say something that might attract hate. The average Kenyan voter is stupid regardless of the level of education. And we are preparing our selves to show exactly this in the forth coming elections.

...I support and want to add that most Kenyan, their economic and social standing notwithstanding, are stupid when it comes to voting!
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maka
#12 Posted : Wednesday, August 29, 2012 11:41:49 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
No its true Taz the bank is engaging in very questionable deals that involve the govt or parastatals,if some of these things go to court with the new judiciary you will be shocked at the outcome of the cases,proper procedure is not being followed and even the most useless of advocates can argue and win this cases...I Mr.Mwangi is an honourable person why does he allow the institution he is heading get involved in such schemes??
possunt quia posse videntur
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TAZ
#13 Posted : Wednesday, August 29, 2012 12:11:00 PM
Rank: Elder

Joined: 11/14/2007
Posts: 4,152
@ Maka....I totally agree, there are certain things about this deal which don't add up but i thought this thing was all over the news when they signed the deal, how can the CCN legal director or even officials of the Local Govt ministry claim they know nothing about it. I don't think for one minute Kisia and his team even took time to even look at the details of the loan agreement sasa wanaona they probably got a raw deal and are trying to find a way out.
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Magigi
#14 Posted : Wednesday, August 29, 2012 12:15:49 PM
Rank: Elder

Joined: 3/31/2008
Posts: 7,081
Location: Kenya
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luxel
#15 Posted : Wednesday, August 29, 2012 12:30:22 PM
Rank: Member

Joined: 7/17/2008
Posts: 152
@TAZ
Your research is biased because you have selected only 2 posts. I have praised the bank elsewhere in stockskenya/ wazua and i have nothing against the institution.

However, for equity to be a true success story, they should avoid such negative publicity by doing clean business.
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Dia
#16 Posted : Wednesday, August 29, 2012 3:01:17 PM
Rank: Member

Joined: 3/30/2010
Posts: 176
Magigi wrote:


So true...in more way than one.
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