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Yaani Eurobond billions are finished?
Rank: Elder Joined: 10/3/2008 Posts: 4,057 Location: Gwitu
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madollar wrote:Mike Ock wrote:The way things are going, I foresee a high profile assassination soon, and Kenya's first civil war. Ngumu it would have happened a long time ago the know how to handle him every election cycle. Assassinations create heroes out of otherwise ordinary people. Robert Ouko would most probably have faded into obscurity in 1992 if he had lived. JM Kariuki would have become another Shikuku. Tom Mboya would have been neutered by Jaramogi. Assassination made them legends. Why kill when you can frustrate them in life? Can assure you that ''insiders' will NEVER let the guy win. Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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Hats off Rotich for not threatening to sue. It's what good ol' Njonjo calls throwing good money after bad. Let's wait for the next chorus. http://www.the-star.co.k...nd-theft-claims_c1276951Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Am waiting to see the credentials of this expert. Could be like the other "IT expert" who showed kina alma how the elections were rigged even tho voting was manual. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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Pertinent questions there and he has done well enough to point in a two way direction where he thinks the money is. He is not like that politician who is talking from the mouth of a clueless "Eurobond" trail hunter who doesn't even know where he is on the trail. Well, for opening up his mouth without facts, there will be political ramifications. The ol' man of Sacho used to say, "Siasa mbaya maisha mbaya" . Here goes a bunch of Babu's precious doves. Earlier yesterday, MPs Jimmy Angwenyi (Kitutu Chache North), Zebedeo Opore (Bonchari), Ben Momanyi (Borabu) and Nyamira Senator Kennedy Mong'are told Raila to apologise for linking CBK Chairman Mohamed Nyaoga to the Eurobond drama.
"Raila has become a reckless propagandist on an unknown mission. We are in Cord but we are considering our position and time will tell," http://www.the-star.co.k...ist-on-eurobond_c1277064Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 7/1/2011 Posts: 8,804 Location: Nairobi
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...From a book I'm currently reading... Quote:A leader should borrow as much as the coalition will endorse and markets will provide. There is
surely a challenger out there who will borrow this much and, in doing so, use the money to grab
power away from the incumbent. So not borrowing jeopardizes a leader’s hold on power. Heavy
borrowing is a feature of small coalition settings. It is not the result, as some economists argue, of
ignorance of basic economics by third-world leaders. Makes me wonder, should Wanjiku bother about Euro-bond at all? Can she ever get to know the truth or is she merely a propaganda tool of either side of the political divide?
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Now Ndii acknowledges that the money was used in govt but brings in politricks as usual, URM 68B TNA 70b Politics wrote:Five weeks later, in an interview with the Business Daily, the CS threw in the towel, stating that “The ministries cannot differentiate whether the money they have received from the Exchequer came from VAT, income taxes, Customs duties, excise taxes, domestic borrowing or the Eurobond.” This is a true irrelevant lie.----------------------------------------------------------------------------------------------
It is true that the Judiciary will not know how the Sh3 million disbursed by the Treasury was raised, but this is not the issue.
Falling over his own words. The people with the Eurobond answers are the COB and AG. The COB oversees the implementation of budgets per the constitution. Not the CS "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 8/15/2015 Posts: 817
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hii pesa imefanyiwa gymnastics kabisa kabisa
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Rank: Elder Joined: 12/27/2012 Posts: 2,256 Location: Bandalungwa
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kaka2za wrote:
Assassinations create heroes out of otherwise ordinary people.
Robert Ouko would most probably have faded into obscurity in 1992 if he had lived. JM Kariuki would have become another Shikuku. Tom Mboya would have been neutered by Jaramogi. Assassination made them legends.
Why kill when you can frustrate them in life? Can assure you that ''insiders' will NEVER let the guy win.
I disagree. Firstly none of those people you mentioned were ordinary. Assasinations are targeted towards neutralizing people who are becoming real threats to the existing hegemony. In 1990 Ouko's star was rising very fast. On a visit to the USA he shone very brilliantly, answering questions from the US media , from congress and so forth. He represented Kenya so well. He was brilliant articulate, eloquent intelligent as opposed to Moi who appeared like a bumbling buffoon to the Americans. So much so that American politicians openly said Ouko should be prezzi not Moi. His speeches in America were replayed over and over on KBC whoch was the only TV station most Kenyans had at the time. (Few people had KTN)Ouko suddenly became very popular all over Kenya. Thats why Moi and Biwott felt he had to be neutralized. My take is that in 1992, Ouko would not have faded into obscurity. He likely would have joined the opposition as did many KANU stalwarts. And since he had support all over the country, he would have been a much stronger contender than Oginga Odinga. For much of the 1980s, Oginga was not a factor in Kenyan politics. He only started to rise again during the clamour for pluralism around 1990. Comparing Shikuku to JM Kariuki is an insult to a great man who rose above tribal sycophancy, something that many Kenyans can't do even 50 years later. JM and Mboya were highly respected outside of their respective regions. There is a good chance that one of them would have become president at some point. The curse of Kenya is that all the leaders who would have made excellent presidents and united a tribally fissured country were all assassinated. We are now stuck with leaders who prosper by dividing Kenyans along tribal lines.
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Rank: New-farer Joined: 6/24/2011 Posts: 49
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Njung'e wrote:maka wrote:[quote=washiku]
@ Washiku its very simple let them go to court and proper documentation be availed lets see if Baba will be left with egg on his face...and apologize.
Now we have a CORD expert in tracing Eurobond  .....Eish. I need to see his credentials especially after admitting that he is somewhere along the trail. No wonder Larry has called it right. Just fart.Poor man.
“No outright assertion that X,Y,Z is a beneficiary. We are saying this is where the trail stops and further investigations need to be conducted,” said Alex Owino, Cord’s lead financial consultant and expert in tracing the Eurobond proceeds. http://www.africagrowth.com/CV/AlexProf.pdf
Proverbs 4:23
[23]Keep thy heart with all diligence; for out of it are the issues of life.
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Rank: Elder Joined: 7/10/2008 Posts: 9,131 Location: Kanjo
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cant wait for risasi to implicate the kasin's banks directly! i.am.back!!!!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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kawambui wrote:Njung'e wrote:maka wrote:washiku wrote:
@ Washiku its very simple let them go to court and proper documentation be availed lets see if Baba will be left with egg on his face...and apologize.
Now we have a CORD expert in tracing Eurobond .....Eish. I need to see his credentials especially after admitting that he is somewhere along the trail. No wonder Larry has called it right. Just fart.Poor man.
“No outright assertion that X,Y,Z is a beneficiary. We are saying this is where the trail stops and further investigations need to be conducted,” said Alex Owino, Cord’s lead financial consultant and expert in tracing the Eurobond proceeds. http://www.africagrowth.com/CV/AlexProf.pdf
[quote = this link up here]MR. ALEXANDER G. OWINO is currently the Director and Principal Analyst of Metropol Investor Services (an affiliate of Metropol East Africa) responsible for preparing, developing and marketing credit ratings; industry and sector surveys of banking, insurance and financial services; analysis and benchmarks for the financial services sector and investor services for the capital markets. He is a Financial Consultant and Banking Sector Specialist with over 25 years experience in auditing, financial management and consulting, including 8 years as an auditor and financial consultant with Price Waterhouse. He has held senior positions in financial management and planning, serving as the Financial Planning Manager for Gillette Interproducts Limited, a global manufacturing company; and Financial Controller for McCann-Erickson Kenya, a leading multinational advertising agency. He co- founded Accolade Limited, an indigenous tea export company. He has completed a broad range of challenging and innovative consulting assignments in the financial
services sector for blue-chip clients in Kenya and regionally in Uganda, Tanzania, Ethiopia, South Africa and Syria.He served as the Lead Consultant and Principal Analyst on the annual Kenya Banking Surveys prepared with Market Intelligence in 2004, 2005 and 2006. He prepared Metropol’s Top Banks in Kenya 2007 Banking Survey, the most comprehensive survey of the banking sector in Kenya. Recent client assignments include consultant to Equity Bank during the bank’s listing at the Nairobi Stock Exchange (NSE); developing Kenya Commercial Bank’s Regional Expansion Strategy; advising African Bank International (ABIL) of South Africa on regional expansion in Sub- Saharan Africa (SSA); and advising the ZEK Group of Companies (Tanzania) on Group financial management in the region. His public- sector consulting assignments include reviewing Kenya’s unclaimed financial assets framework and preparing the Draft Bill for the Ministry of Finance (MoF). He carried out the Mid-Term Evaluation of the Financial and Legal Sector Technical Assistance (FLSTAP) project (MoF). Ongoing work for the Ministry of Finance (MoF) include preparing the Ministry’s financial sector presentations; developing the Concept Paper for creating an international financial centre (IFC) in Nairobi; and reviewing the draft DFI strategy and recommending strategic options for Kenya Post Office Saving Bank (KPOSB) for Cabinet Review. He prepared the official Conference Report on Kenya’s first- ever International Investment conference for the Ministry of Planning and National Development (MoPND) and Kenya’s first- ever Survey Of Export Processing Zones (EPZs). In collaboration with Prof. Nicholas Biekpe (then at the University of Stellenbosch, SA) and Market Intelligence, He prepared the Scoping Study on Kenya’s first ever Business Confidence Index (BCI) for the UK’s Department for International LinkedIN wrote: Alexander G. Owino Consultant and Financial Sector Specialist Joint Secretary, Parastatal Reforms Implementation Committee November 2013 – Present (2 years 3 months)Nairobi
Consultant and Banking Sector Specialist
& Joint Secretary
Parastatal Reforms Implementation Committee,
C/O State Corporations Advisory Committee (SCAC)
Project Implementation Support Manager
National Treasury (MInistry of Finance)
January 2011 – March 2013 (2 years 3 months)
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Rank: Elder Joined: 7/10/2008 Posts: 9,131 Location: Kanjo
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Litigations litigations!The reader comments are very funny. i.am.back!!!!
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Rank: Member Joined: 2/16/2012 Posts: 808
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Also: https://www.standardmedi...-billion-dollar-questionThey tried to bury us, they didn't know we were seeds.
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Rank: Elder Joined: 12/6/2008 Posts: 3,548
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Going nowhere, what new information does this idoitic petition have that has not yet been answered. Americans are not easily pumped with useless nyege by someone yelling eurobond! Obama knows Raira is an idoitic buffon, he as much said so himself when he was here, any US politician who has spoken of raira from republicans (mcain), US ambassadors in wikileaks (from Reinbagger to Godec) have pointed out he is a thief of maize with his family members and a fool not to forget the envy driven sexist attack on a top performer waiguru whose expertise, with their input, is internationally acknowledged, rewarded (trophies given) and easily measurable. They tried to hide and teach him basic math and some basic courses at Boston university but he failed all the 101 exams!!!! It is only Kenyans who are not educated enough to understand bonds that are being confused. To take on JP morgan and Citi bank on such a transparent and above board transaction to any person familiar with a little bit of finance will further solidify his reputation as a tribalism fool who relies on deception and gossip, ni sawa, sign the petiton uhesabiwe!! A New Kenya
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Much Know wrote:Going nowhere, what new information does this idoitic petition have that has not yet been answered. Americans are not easily pumped with useless nyege by someone yelling eurobond! Obama knows Raira is an idoitic buffon, he as much said so himself when he was here, any US politician who has spoken of raira from republicans (mcain), US ambassadors in wikileaks (from Reinbagger to Godec) have pointed out he is a thief of maize with his family members and a fool not to forget the envy driven sexist attack on a top performer waiguru whose expertise, with their input, is internationally acknowledged, rewarded (trophies given) and easily measurable. They tried to hide and teach him basic math and some basic courses at Boston university but he failed all the 101 exams!!!! It is only Kenyans who are not educated enough to understand bonds that are being confused. To take on JP morgan and Chase bank on such a transparent and above board transaction to any person familiar with a little bit of finance will further solidify his reputation as a tribalism fool who relies on deception and gossip, ni sawa, sign the petiton uhesabiwe!! While you were venting 15 more people signed the petition... possunt quia posse videntur
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Rank: Elder Joined: 12/6/2008 Posts: 3,548
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maka wrote:Much Know wrote:Going nowhere, what new information does this idoitic petition have that has not yet been answered. Americans are not easily pumped with useless nyege by someone yelling eurobond! Obama knows Raira is an idoitic buffon, he as much said so himself when he was here, any US politician who has spoken of raira from republicans (mcain), US ambassadors in wikileaks (from Reinbagger to Godec) have pointed out he is a thief of maize with his family members and a fool not to forget the envy driven sexist attack on a top performer waiguru whose expertise, with their input, is internationally acknowledged, rewarded (trophies given) and easily measurable. They tried to hide and teach him basic math and some basic courses at Boston university but he failed all the 101 exams!!!! It is only Kenyans who are not educated enough to understand bonds that are being confused. To take on JP morgan and Chase bank on such a transparent and above board transaction to any person familiar with a little bit of finance will further solidify his reputation as a tribalism fool who relies on deception and gossip, ni sawa, sign the petiton uhesabiwe!! While you were venting 15 more people signed the petition... I am actually hoping it is fully signed (though i will not sign) ndio wananchii waelezewe kinaga ubaga kwamba hii ni ufala! wanjikus seem to understand and appreciate Obamas tweng very well. What CORD should have been doing as a frank opposition is yelling for more allocations of eurobond money to their constituents, lakini wajinga wanapinga something good for their country, this will shock the US establishment just as it shocks some of us on just how dim some Kenyans can be and i expect a bigger msomo from Obama than the one he gave them here, it will also give some confidence to those who don't understand the bond, sign kwa wingi!! Hio itasaidia jubilee sana to have a respected global authority speak on the issue!! A New Kenya
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Kenya to float a new 'Eurobond' to plug budget deficit. http://www.the-star.co.k...rillion-assets_c1282124
Quote:A top foreign bank that acted as a lead manager in the Sh250 billion Eurobond cash has stirred the local financial market by flaunting its Sh15.08 trillion asset base.
Qatar National Bank in full page paid adverts publicly announced its 2015 profits even though it does not operate in Kenya.
QNB of Doha, Qatar, JP Morgan, Barclays and Standard Bank both of the UK were the lead managers in the controversial Eurobond deal.
QNB made the move just days after Treasury CS Henry Rotich hinted at fresh plans to return to the international market to source for more debt.
This includes the option of another Eurobond to plug deficits in the national budget.
In graphical illustrations, QNB demonstrated its steady growth with a staggering net profit of 316.2 billion in 2015 alone.
This is almost 10 times the profit of Safaricom, Kenya’s most profit-making enterprise.
“Another set of impressive results reinforcing QNB Groups position as leading bank in the Middle East and North Africa, with an international network and presence in more than 27 countries in more than three continents,” part of the advert on Tuesday last week reads.
QNB has expressed interest in arranging a Sukuk – Islamic bond.
The latest move has triggered speculation that the bank is positioning itself for another Eurobond deal.
A letter in possession of the Star indicates Rotich has been meeting with the QNB leadership.
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Rank: Veteran Joined: 3/27/2009 Posts: 1,437
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murchr wrote:kawambui wrote:Njung'e wrote:maka wrote:washiku wrote:
@ Washiku its very simple let them go to court and proper documentation be availed lets see if Baba will be left with egg on his face...and apologize.
Now we have a CORD expert in tracing Eurobond .....Eish. I need to see his credentials especially after admitting that he is somewhere along the trail. No wonder Larry has called it right. Just fart.Poor man.
“No outright assertion that X,Y,Z is a beneficiary. We are saying this is where the trail stops and further investigations need to be conducted,” said Alex Owino, Cord’s lead financial consultant and expert in tracing the Eurobond proceeds. http://www.africagrowth.com/CV/AlexProf.pdf
[quote = this link up here] MR. ALEXANDER G. OWINO is currently the Director and Principal Analyst of Metropol Investor Services (an affiliate of Metropol East Africa) responsible for preparing, developing and marketing credit ratings; industry and sector surveys of banking, insurance and financial services; analysis and benchmarks for the financial services sector and investor services for the capital markets. He is a Financial Consultant and Banking Sector Specialist with over 25 years experience in auditing, financial management and consulting, including 8 years as an auditor and financial consultant with Price Waterhouse. He has held senior positions in financial management and planning, serving as the Financial Planning Manager for Gillette Interproducts Limited, a global manufacturing company; and Financial Controller for McCann-Erickson Kenya, a leading multinational advertising agency. He co- founded Accolade Limited, an indigenous tea export company. He has completed a broad range of challenging and innovative consulting assignments in the financial
services sector for blue-chip clients in Kenya and regionally in Uganda, Tanzania, Ethiopia, South Africa and Syria.He served as the Lead Consultant and Principal Analyst on the annual Kenya Banking Surveys prepared with Market Intelligence in 2004, 2005 and 2006. He prepared Metropol’s Top Banks in Kenya 2007 Banking Survey, the most comprehensive survey of the banking sector in Kenya. Recent client assignments include consultant to Equity Bank during the bank’s listing at the Nairobi Stock Exchange (NSE); developing Kenya Commercial Bank’s Regional Expansion Strategy; advising African Bank International (ABIL) of South Africa on regional expansion in Sub- Saharan Africa (SSA); and advising the ZEK Group of Companies (Tanzania) on Group financial management in the region. His public- sector consulting assignments include reviewing Kenya’s unclaimed financial assets framework and preparing the Draft Bill for the Ministry of Finance (MoF). He carried out the Mid-Term Evaluation of the Financial and Legal Sector Technical Assistance (FLSTAP) project (MoF). Ongoing work for the Ministry of Finance (MoF) include preparing the Ministry’s financial sector presentations; developing the Concept Paper for creating an international financial centre (IFC) in Nairobi; and reviewing the draft DFI strategy and recommending strategic options for Kenya Post Office Saving Bank (KPOSB) for Cabinet Review. He prepared the official Conference Report on Kenya’s first- ever International Investment conference for the Ministry of Planning and National Development (MoPND) and Kenya’s first- ever Survey Of Export Processing Zones (EPZs). In collaboration with Prof. Nicholas Biekpe (then at the University of Stellenbosch, SA) and Market Intelligence, He prepared the Scoping Study on Kenya’s first ever Business Confidence Index (BCI) for the UK’s Department for International LinkedIN wrote: Alexander G. Owino Consultant and Financial Sector Specialist Joint Secretary, Parastatal Reforms Implementation Committee November 2013 – Present (2 years 3 months)Nairobi
Consultant and Banking Sector Specialist
& Joint Secretary
Parastatal Reforms Implementation Committee,
C/O State Corporations Advisory Committee (SCAC)
Project Implementation Support Manager
National Treasury (MInistry of Finance)
January 2011 – March 2013 (2 years 3 months)
This guy is a Treasury insider (either a civil servant or consultant).
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