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edward njoroge - new nse chairman
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chi20
#1 Posted : Wednesday, April 29, 2009 1:06:00 PM
Rank: Member


Joined: 10/24/2008
Posts: 223
the said agm takes place tomorrow. the incubent chairman,one wangunyu could be on his way out. ideally,there are proposals to replace him with non - players in the sector,since previously the seat was a preserve of the ceos of the investment banks and brokege firms. other senior directors,both executive and non-executive could as well bid kwaheri.

as with the madness with the stock market,this could trigger up the prices on the first two days of trading next week. a likelyhood.

but my main question is,who are the shareholders of the nse. could individual investors qualify into this coveted forum.



mwana wa kahii. . . . .
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cxz
#2 Posted : Wednesday, April 29, 2009 6:04:00 PM
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Joined: 2/5/2007
Posts: 126
james wangunyu has resigned
just saw it on KBC news @9pm. no reason given

And now edward njoroge - new nse chairman

'A stone is heavy,and the sand weighty; but a fool’s wrath is heavier than them both.' (Proverbs 27:3).
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Mainat
#3 Posted : Wednesday, April 29, 2009 6:39:00 PM
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Joined: 11/21/2006
Posts: 1,590
and the deputy. kuna kitu. labda ni pressure ya UK

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
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PONDI
#4 Posted : Wednesday, April 29, 2009 8:50:00 PM
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Joined: 5/8/2007
Posts: 885
which 3 brokers will be on conditional licenses?

He who laughs last thinks slowest..
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Sober
#5 Posted : Wednesday, April 29, 2009 9:16:00 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
What should we expect?

A likely impossibility is always preferable to an unconvincing posibility.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Tusker Baridi
#6 Posted : Thursday, April 30, 2009 2:45:00 AM
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Joined: 12/9/2006
Posts: 186
What good is this resignation if his relpacement will just be another thief? What NSE needs is some serious competition. Let the govt licence another burse,move all its stocks from NSE to the new burse and list all future privatisations with the new burse as well. That is the only thing that will move these thieves from stealing from retail investors,everything else is just window dressing.
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faa
#7 Posted : Thursday, April 30, 2009 5:04:00 AM
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Joined: 5/8/2007
Posts: 709
Probably the deputy,Bob Karina and also the owner of faida investment bank will be the new chairman

yayo
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semasema
#8 Posted : Thursday, April 30, 2009 5:50:00 AM
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Joined: 3/28/2009
Posts: 15
He is perceived to be friendly to Raila. Elections are on today.
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FundamentAli
#9 Posted : Thursday, April 30, 2009 6:10:00 AM
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Joined: 11/4/2008
Posts: 1,289
Location: Nairobi
They did not resign. Their term came to an end and they decided not to seek re-election.

Fundamentals + Sentiments = Position
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TAZ
#10 Posted : Thursday, April 30, 2009 6:53:00 AM
Rank: Elder


Joined: 11/14/2007
Posts: 4,152
Semasema...

Wangunyu's Niece is Raila's daughter-in-law (Fidel's wife)....but i dont think that played any role in the latest developments.

Wangunyu hasn't resigned he is retiring after the end of his tenure and will not be offering himself for re-election.


life is too short to blend in
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Mr.Tea
#11 Posted : Thursday, April 30, 2009 7:44:00 AM
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Joined: 12/4/2008
Posts: 341
Location: Nairobi
Wangunyu and co. are seriously tainted.It will take more that just retiring to gain public trust back. During their watch three stockbrokers have gone down with no hope of recovery.Whats more public confidence in the stock mart has been greatly eroded. The Bourse has lost a good fortune due to among other things poor governace and sleaze.They are in the most unenviable public positions anyone could be right now....Fare thee well Wangunyu and co.

Patience Pays in Guaranteed Checks
Patience Pays In Guaranteed Checks.
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chi20
#12 Posted : Thursday, April 30, 2009 12:28:00 PM
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Joined: 10/24/2008
Posts: 223
actually ten directors opted to get out. these were both executive and non executive directors. there is new directive to incorporate non players from the brokerage and investments banks to occupying the seat. board of directors will therefore largely be 'outsiders',of which i think is a brilliant move on the right path to recovery. the resignations alone bore fruits in that most counters are on upward move today.

mwana wa kahii. . . . . . .
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Waria
#13 Posted : Thursday, April 30, 2009 3:00:00 PM
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Joined: 10/11/2007
Posts: 213
Eddy Njoroge takes over NSE.

A reformer or an old boy?



Me first,U next
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Impunity
#14 Posted : Thursday, April 30, 2009 3:31:00 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
Now I'm 100% sure than ever before that the NSE index will ultimately touch the sub-1000 points...

Which is more dirty,the pig or Kenyan mp?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Obi 1 Kanobi
#15 Posted : Thursday, April 30, 2009 3:36:00 PM
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Joined: 7/23/2008
Posts: 3,017
The Kengen MD!

Aaargh!

Business as usual,he is a member of the old boys club.


I guess if you can't win with facts,you can always pen bile-laced,xenophobic rants to distract everyone.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Tusker Baridi
#16 Posted : Thursday, April 30, 2009 6:24:00 PM
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Joined: 12/9/2006
Posts: 186
Just like I suspected,replace one thief with yet another thief. What do you expect when the president is a thief and the finance minister is the son of the biggest thief of them all.
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VituVingiSana
#17 Posted : Thursday, April 30, 2009 6:53:00 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,095
Location: Nairobi
LOL... True dat...


Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Sober
#18 Posted : Thursday, April 30, 2009 7:30:00 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
Just confirmed: it rains most in the sea

A likely impossibility is always preferable to an unconvincing posibility.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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murenj
#19 Posted : Friday, May 01, 2009 5:01:00 AM
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Joined: 7/22/2008
Posts: 851
Location: nairobi
AGHH!! Another Kiuk Again?

The cunning of the Buffalo
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leti
#20 Posted : Friday, May 01, 2009 6:41:00 AM
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Joined: 7/3/2008
Posts: 23
Kokeny argggggggh!!!!!! kamamaeeeee real fish market

Do not fall in love to a stock
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