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Puffet outwits TCL......What next?
muganda
#11 Posted : Monday, February 08, 2010 2:04:01 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
@the sage, I'm with you on this one. Sometimes nationalism can be a crutch, especially when it benefits a private company at the expense of many. Both companies would have to employ nationals, invest in Kenya, and transport nationals, anyway.

You will remember the spirited "national" campaign by TCL. So the issue becomes am I happier when the priviledged shareholders are Kenyans or foreigners? And my answer in this global village is, whoever provides the best service at the cheapest price to ME FASTER...
the sage
#12 Posted : Monday, February 08, 2010 3:24:12 PM
Rank: Member

Joined: 11/20/2008
Posts: 367
@Mugunda, the "national" campaign is used only when convenient. Like what happened in the Coca Cola saga. But the best example case is the current crying of local contractors that Chinese firms are getting all the road construction jobs.
Personally, they are doing a good job after years of Kenyan companies raking billions from bogus roads and in some cases getting paid when the roads haven't been built.
I think Kenyans are starting to see that some of our "big businesses" just ride on the largesse of the government which is basically robbing the tax payer.
Mtublack
#13 Posted : Tuesday, February 09, 2010 11:31:42 AM
Rank: Member

Joined: 11/18/2009
Posts: 175
my problem is not with TCL not getting their way or being screwed by one puffet. It those funny international organisation who spend most of their time lecturing to us how corrupt we wre wnd how we should carry out our procurement and then go ahead and award the concession to a briefcase bussinessman with no money or proper CV.Why didnt we get an team like the egyptian in the first place

Ukiona wao....... NKT
Some you win some you lose
muganda
#14 Posted : Tuesday, February 09, 2010 12:02:17 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
@Mtublack, kwani who awarded the concession? Thought it was the Kenya and Uganda governments. What role did these international organisations play?
VituVingiSana
#15 Posted : Tuesday, February 09, 2010 1:40:36 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,376
Location: Nairobi
mtublack - So what if they lecture us????

Ultimately, WE made the stupid decision/s...

And I can give you 100 examples of stupid decisions Kenyans (or their so-called leaders made) that were glaringly poor from the outset!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
muganda
#16 Posted : Tuesday, February 09, 2010 2:43:43 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Act 3 Scene 1: AG, Muthaura summoned over railway deal extension to appear before PIC

Truth is more interesting than fiction. This thing is about to get very political. Maybe @KulaRaha's intonation was correct.


http://www.nation.co.ke/...1/-/2cutluz/-/index.html
KulaRaha
#17 Posted : Wednesday, February 10, 2010 5:46:45 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Just watch, TCL survives purely on patronage....
Business opportunities are like buses,there's always another one coming
BGL
#18 Posted : Sunday, February 14, 2010 1:06:55 AM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
This Sheltam guy Mr. Puffet came and cunningly took over our railways!!! Its no wonder Mwakwere was the minister in charge. Two years down the line, it is more worse than before the concession. On that, he conned us morealso hiring the so called expatriates who earned billions of shillings for running down RVR. After the experience we had for the period he was the lead investor, its time to be kicked away and new blood takes over to do a turn around a view also held by Transcentury. Infact i like their proposition of teeming up with Helios capital and a Brazilian railway management firm to offer a turnaround firm that will invest $50 million in 60 days to rescue the concession as opposed to Puffet + Citadel's + Chris Mbwire's plan to invest $20 million in 90 days.
Parting shot: Given a second chance, Puffet will device a savvy plan to outwit and con us again.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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