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Mumias Sugar huge demand
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Ericsson
#2421 Posted : Wednesday, September 05, 2018 5:29:44 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
MugundaMan wrote:


Dunia kuna mambo


GoK that is to bailout Mumias Sugar is also broke
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#2422 Posted : Thursday, September 06, 2018 12:05:01 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
ARM is under administration and it's about liquidity.

Sadly, other firms that gobble taxpayer funds keep on getting bailouts eg
KQ - KES 100,000,000,000+ down the crapper
Uchumi
Mumias
EAPCC - Positive equity but it has a liquidity problem
NBK

And many more including unlisted GoK firms!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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HaMaina
#2423 Posted : Tuesday, September 11, 2018 9:24:14 AM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
Sugar woes sink sacco, regulator warns worse to come

https://www.businessdail...753238-95bu3q/index.html
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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HaMaina
#2424 Posted : Tuesday, September 11, 2018 9:35:07 AM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
Ex-Mumias managers to explain miller’s woes

https://www.the-star.co....n-millers-woes_c1816567

nb :- Among those to appear before the committee include former Nairobi governor Evans Kidero, who served as the managing director for several years, before joining politics.
- committee will also invite KPMG, the audit firm whose report implicated Kidero
- “We will meet the board of Mumias over the fishy deals that led to the collapse of the mill,” Osotsi said.
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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kayhara
#2425 Posted : Tuesday, September 11, 2018 10:43:47 AM
Rank: Veteran

Joined: 5/5/2011
Posts: 1,059
The hundred lives of MSC, it should not b left to die, is KMC doing well? KCC is trying MSC might just join then if bailed out and restructured
To Each His Own
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HaMaina
#2426 Posted : Wednesday, September 12, 2018 2:35:45 PM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
Mumias-branded sugar in supermarket not ours, miller says

https://www.businessdail...4878-nurht3z/index.html

Mumias Sugar seeking Sh2bn more in bailout

https://www.businessdail...874-12ox9o9z/index.html

@ 0.60 Ksh & I don't have enough cash Sad Sad Sad Sad Sad Sad Sad Sad Sad Sad Sad Sad Sad Sad Sad Sad
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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obiero
#2427 Posted : Wednesday, September 12, 2018 8:44:37 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,226
Location: nairobi
HaMaina wrote:
Mumias-branded sugar in supermarket not ours, miller says

https://www.businessdail...4878-nurht3z/index.html

Mumias Sugar seeking Sh2bn more in bailout

https://www.businessdail...874-12ox9o9z/index.html

@ 0.60 Ksh & I don't have enough cash Sad Sad Sad Sad Sad Sad Sad Sad Sad Sad Sad Sad Sad Sad Sad Sad

How sad..
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obiero
#2428 Posted : Wednesday, September 12, 2018 8:52:25 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,226
Location: nairobi
Ericsson wrote:
MugundaMan wrote:


Dunia kuna mambo


GoK that is to bailout Mumias Sugar is also broke

That CEO grabbing his manboobs on live television does little to inspire confidence

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HaMaina
#2429 Posted : Thursday, September 20, 2018 11:54:54 AM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
Former Nairobi Governor Evans Kidero Arrested

https://www.kenyans.co.k...r-evans-kidero-arrested

Fry him Laughing out loudly smile Applause smile Laughing out loudly smile Applause Applause smile Laughing out loudly Laughing out loudly smile Applause
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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VituVingiSana
#2430 Posted : Thursday, September 20, 2018 3:48:43 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Unless the DPP/EACC has solid proof, he will go free. #ThisIsKenya
He must have started cleaning up as soon as he knew he was going to lose the election.
This should have happened as soon as the hole in Mumias books was discovered.
HaMaina wrote:
Former Nairobi Governor Evans Kidero Arrested

https://www.kenyans.co.k...r-evans-kidero-arrested

Fry him Laughing out loudly smile Applause smile Laughing out loudly smile Applause Applause smile Laughing out loudly Laughing out loudly smile Applause

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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299 Pages«<241242243244245>»
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