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Y we shud get worried.
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D32
#41 Posted : Monday, June 09, 2014 11:05:33 PM
Rank: Member

Joined: 2/16/2012
Posts: 808
Ceinz wrote:

• Over 70% of the top 100 corporations in Kenya are Directly or indirectly owned by European and UK companies. These include Safaricom, EABL, Bamburi Cement, East African Portland, Barclays Bank, Orange, etc.


The profits that a foreign company makes, after local shareholders have been given theirs, is the rest of the cash wired to the parent company in the foreign country?
They tried to bury us, they didn't know we were seeds.
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D32
#42 Posted : Monday, June 09, 2014 11:10:15 PM
Rank: Member

Joined: 2/16/2012
Posts: 808
murchr wrote:
2012 wrote:
I don't know why you're worrying, this has been the norm in Kenya for decades. One way to mitigate and people might not agree or make sense of it is, supporting local products so that they can improve in quality for export. Increasing our exports is the only way out. Start in a small way by eg moving your account to a local bank and fueling in local stations so money can first circulate within. Quality is an issue I know, but it's temporary.


Applause Applause Applause Applause Applause Atlast some sense, create local employment create taxpayers who will eventually pay taxes for the services they receive, or want to receive. Who lives on hand- outs in his house?


See what Israel is doing to create employment and increase local tax payers. Impressed.

They tried to bury us, they didn't know we were seeds.
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maka
#43 Posted : Monday, June 09, 2014 11:42:16 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
D32 wrote:
murchr wrote:
2012 wrote:
I don't know why you're worrying, this has been the norm in Kenya for decades. One way to mitigate and people might not agree or make sense of it is, supporting local products so that they can improve in quality for export. Increasing our exports is the only way out. Start in a small way by eg moving your account to a local bank and fueling in local stations so money can first circulate within. Quality is an issue I know, but it's temporary.


Applause Applause Applause Applause Applause Atlast some sense, create local employment create taxpayers who will eventually pay taxes for the services they receive, or want to receive. Who lives on hand- outs in his house?


See what Israel is doing to create employment and increase local tax payers. Impressed.


@D32 caught that earlier and was thoroughly impressed too...
possunt quia posse videntur
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