Give the guy a fair chance.
Some benefit of doubt,or does anybody have any info to the contrary,especially on how he has steered KPLC.

B.timer

Guys,

Before you start critisizing kindly tell us what other options were available and please don't mention people who have never shown any interest in the stock market.

Tusker Baridi......Don't you think it would have been easier for you to replace 'thief' in your post with 'kikuyu'????????Hypocrite!!!!



life is too short to blend in

He is the MD&CEO of KenGen,one of the major shareholders of transcentury,a reknown businessman,he plays golf at Muthaiga and a guy of many contacts including international ones.

I know him as a man of vision and very considerate,given a chance he will deliver


Kim

how do you guys know Eddy is a thief? Ameiba nini? Ama should I ask like Mwakwere - Walikuwa wizi na mama zenu wapi?

I think the main point is as made by Pondi. Nothing else to add.

I guess if you can't win with facts,you can always pen bile-laced,xenophobic rants to distract everyone.

Why Eddy Njoroge is a thief: Look at Trancentury's dealings and tell me if you dont see it as an oufit used as a front by the political elites to defraud taxpayers. Look at Trancentury's rise and rise and notice government involvements in its transactions. A few examples suffice:

1. Transcentury buys a nodescript company called EA Cables,suddenly KPLC under the leadership of Ngoroge is doing exclusive deals with EA Cables, EA Cables soar and there is talk of manipulation,NSE promises to investigate and we're still waiting for the results of those investigations some two years later.

2. RVR comes up for privatization,a certain SA company bids and wins the contract. Suddenly,the SA company cannot come up with the downpayment and guess who comes to the 'rescue' within a few hours to signing the deal,of course Transcentury. Some of us think that the whole thing was just a ruse and that the SA company was just a front for Transcentury and that the whole failure to pay downpayment was orchestrated by the mafia.

And that's just kionjo,Njoroge's Transcentury is full of thieves. Unlike Moi era's thieves who literally backed up a truck at the Treasury and emptied it of its reserves,this new mafia is doing it subtly through privatization,tenders etc. So what should we expect from Njoroge,well,the public properties will just be transfered to the hands of Transcentury with Kenyans being given a token few shares.

And to TAZ who said there are no other Kenyans who can run the NSE other than this corrupt bunch,just look at the talent here at SK,we have folks here that are actually overqualified to run the NSE so dont give us that crap. Apparently,at least according to TAZ,the word thief is synonymous with Kikuyu,I wonder where s/he got that idea from.

@TB,

I hope you are feeling silly enough for saying Eddy has ever been at KPLC......As Mukiha has put it,KPLC was buying cables from EAC long before TCL came to being.What irks you and by extension,your 'masters',is that TCL outwitted all when it came to buying KPLC shares.Nobody touched them until the last minute when TCL walked in with a check and wiped them all...............It is easier to join the smart ones than to live amongst groaning idiots..............if i were you,i would quit this hate talk.It's not good for your health.


Guka wa bijuti...

Seriously Njung'e,you think that a chama of kedo 35 people contributing 1 million each became multi billionaires overnight out of their genius business acumen? And the fact that all these deals coincided with the election of Kiguoya,the appointment of Ngoroge to head Kengen,the exclusive government tenders to Transcentury owned firms,all this is simply a coincidence? Hebu come up with another lie,kawaida Kenyans might be naive but not this bunch here at SK,unless they deliberately turn a blind eye to these shenanigans.

@Tusker Baridi; Surely,you don't want us to believe that KenGen decides where KPLC will buy cables from. KenGen does not 'call the shots'...recall their tarrif war.

BTW: exactly what is this 'stock manupulation' that people (especially from the media) keep talking about? How is it done? How can one 'prop up' the price of a share and the sell before it drops back to its 'normal' level?

I've in this market for 25 years,na hiyo,sielewi!!

Please educate me.

@Tusker Baridi:

You still haven't explained how this manipulation is done!

And how did Trans Century accumulate KPLC shares outside the open market? That is impossible! Even if you wanted to buy out a major shareholder in quoted company,the deal still must be posted on the NSE board,thereby making it 'open' to the public.