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Mumias Sugar huge demand
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HaMaina
#2611 Posted : Saturday, June 08, 2019 11:19:04 PM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
Kusadikika wrote:
HaMaina wrote:
FUNKY wrote:
https://www.kahawatungu.com/2019/06/04/raila-kisumu-molasses-sold-jaswant-rai-ksh7-billion/?utm_source=dlvr.it&utm_medium=facebook


I thought that molasses plant was bought using the funds collected from farmers and investors in Kisumu ? How can it be sold by an individual.


Utajua hujui. Have you ever heard Baba say, "Mimi nimesema", "Mimi ninataka" etc? Get any of his recordings and you will only hear him say, "Sisi tunasema", "Sisi tanataka" etc. Baba is not singular, he is plural. Now you know.


In simple words he played his people big time, and unfortunately they had the time to say thank you. Totally unfortunate.
“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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FUNKY
#2612 Posted : Monday, June 10, 2019 10:24:36 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
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Ericsson
#2613 Posted : Monday, June 10, 2019 11:19:41 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
HaMaina wrote:
Kusadikika wrote:
HaMaina wrote:
FUNKY wrote:
https://www.kahawatungu.com/2019/06/04/raila-kisumu-molasses-sold-jaswant-rai-ksh7-billion/?utm_source=dlvr.it&utm_medium=facebook


I thought that molasses plant was bought using the funds collected from farmers and investors in Kisumu ? How can it be sold by an individual.


Utajua hujui. Have you ever heard Baba say, "Mimi nimesema", "Mimi ninataka" etc? Get any of his recordings and you will only hear him say, "Sisi tunasema", "Sisi tanataka" etc. Baba is not singular, he is plural. Now you know.


In simple words he played his people big time, and unfortunately they had the time to say thank you. Totally unfortunate.


Politics kenyan style.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Mucher
#2614 Posted : Monday, June 17, 2019 11:41:12 AM
Rank: New-farer

Joined: 1/15/2019
Posts: 33
Ericsson, I actually like very much your idea. I would be the first in line to make such investment. I dont think that there are bad companies, there is only extremely bad management without vision to lead properly a company. So, people of Kakamenga would probably do better job from current managers
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FUNKY
#2615 Posted : Thursday, June 20, 2019 9:55:54 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
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sparkly
#2616 Posted : Thursday, June 20, 2019 11:20:10 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
sparkly wrote:
FUNKY wrote:
https://www.businessdailyafrica.com/economy/Mumias-takeover-bid-illegal-CMA-warns-Oparanya/3946234-5146404-qr2v05z/index.html

I wonder why no one is making a take over bid!!



Kakamega people should mobilize funds and buy it off. They are the people with most interest in its success.


Kakamega people should form a special purpose vehicle,mobilise funds and takeover Mumias



A market valuation of KShs 612m. Circa KShs 300m is needed to acquire a majority. Outgrowers already hold shares so the amount for majority will be less.
Life is short. Live passionately.
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HaMaina
#2617 Posted : Friday, June 21, 2019 9:12:07 AM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
Mysteries of Mumias Sugar Factory
“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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FUNKY
#2618 Posted : Saturday, June 22, 2019 11:15:00 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
If government was able to revive rivatex i fail to understand what is stopping them to revive mumias sugar factory!
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Ericsson
#2619 Posted : Saturday, June 22, 2019 11:22:30 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
FUNKY wrote:
If government was able to revive rivatex i fail to understand what is stopping them to revive mumias sugar factory!

No will to revive.
Its profitable for the well connected individuals in government to import sugar than mill locally
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#2620 Posted : Saturday, June 22, 2019 1:01:10 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,220
Location: nairobi
Ericsson wrote:
FUNKY wrote:
If government was able to revive rivatex i fail to understand what is stopping them to revive mumias sugar factory!

No will to revive.
Its profitable for the well connected individuals in government to import sugar than mill locally

That’s why it failed in the first place

KQ ABP 4.26
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