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Dividend re-investment plans- I need help
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Gordon Gekko
#11 Posted : Sunday, July 18, 2010 6:45:50 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
@guru, dual citizenship not allowed under the current constitution, that is another reason the blood coursing in my veins is GREEN......
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youcan'tstopusnow
#12 Posted : Sunday, July 18, 2010 6:50:21 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Gordon Gekko wrote:
@guru, dual citizenship not allowed under the current constitution, that is another reason the blood coursing in my veins is GREEN......

Is dual citizenship allowed in Uganja?
GOD BLESS YOUR LIFE
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mBiaLoss
#13 Posted : Sunday, July 18, 2010 9:09:02 AM
Rank: New-farer

Joined: 6/23/2010
Posts: 52
Location: Majuu
am kenyan in diaspora, got some dividend checks..took them to several of banks in USA to cash: Citibank, BofA etc but charges were more than the check value! I laughed..been trying to open bank in Kenya since then and some of the checks have expired....Anybody with idea what I should do?
As an investor I behave like a tick, patiently waiting on grass and larch onto the first cow that shows up. As an investor I dont behave like a tick...I jump off the the cow as soon as am fully engorged before it dies...
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young
#14 Posted : Sunday, July 18, 2010 11:31:24 AM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria

@mBiaLoss

Keep all your dividend checks, any time you come to Nairobi, go to the various registrars to revalidate them. Some are done faster than others.
Let them know you are in diaspora and request some that are not yet ready should be banked for you.

I held some dividend checks since 2004 but came to Nairobi late 2007 to re-validate and arrange to pay in to my kenyan bank account.
You need to open a kenyan bank first before this.
For future dividends to avoid this inconvinience get in touch with your broker to give you a CDS form that specifies your bank details for EFT (electronic fund transfer) of dividends. That form will be endorsed by your broker and your bank and submited to CDS (by your broker) for onward transmission to the registrars.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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guru267
#15 Posted : Sunday, July 18, 2010 11:37:14 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mBiaLoss wrote:
am kenyan in diaspora, got some dividend checks..took them to several of banks in USA to cash: Citibank, BofA etc but charges were more than the check value! I laughed..been trying to open bank in Kenya since then and some of the checks have expired....Anybody with idea what I should do?

You have only two options... Deal with the High bank charges and exchange rates rip offs in the US or open a kenya bank account...
Mark 12:29
Deuteronomy 4:16
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guru267
#16 Posted : Sunday, July 18, 2010 11:39:14 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Gordon Gekko wrote:
@guru, dual citizenship not allowed under the current constitution, that is another reason the blood coursing in my veins is GREEN......

Its not allowed even in the ugandan constitution but who ever listens to that nonsense???
Mark 12:29
Deuteronomy 4:16
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young
#17 Posted : Sunday, July 18, 2010 11:52:27 AM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
Mzee PKoli,

I intend to visit Uganda next year to open CDS account as my hands are full this year on real estate (serviced plot) investment.
After Kenya & proposed Uganda, I am done with East africa and even African market, I will rather consolidate in years to come. So Rwanda is out of question.
My interest in Uganda is a product of circumstance all my mind was in Kenya. What happened was we were planning to get a plot to build little vacation home in Nairobi, but the price was just not affordable, that makes us pick Uganda as an alternative.

We stroke a deal with Akright Properties the vendors of Akringht Kakungulu satelite city located 18 KM from Kampala city which is less than half the price of a similar semi serviced plot in Nairobi
To survive in future during vacation stocks investment came to mind. We have already opened a bank account for dividend collection.
These are part of my plans for retirement in the next few years. Young is not getting younger,I will be 49 next year.
We want to avoid Kenya counters as much as possible in USE so the stocks in mind are :-

Stanbic Uganda
DFCU,
New Vision
Bank Of Baroda
Jubilee Insurance (Kenya)
EABL (Kenya

We want dividend yielding stocks.

I still have the African Alliance Uganda brokers contact in mind, but in addition my Bank Crane Bank of Uganda also have Crane Stockbrokers, we will decide on one of them in due course.

Cheers
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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  | | Edit by user: Sunday, July 18, 2010 12:00 PM | Reason: Not specified
PKoli
#18 Posted : Sunday, July 18, 2010 7:38:02 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
@Mzee Young,

I like your determination and focus. I visit Uganda very often and I think it is a beautiful country. I have Stanbibic Ug and will also look at BABU and DFCU. I would like to get further info on Rwandan OTC securities. The other countries I am interested in are Zambia and Ghana. I would be keen with Ethiopia but it looks a fairly closed society.

Apparently African Alliance has an office in Ghana.

Good luck
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guru267
#19 Posted : Monday, July 19, 2010 12:37:54 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@young now why did you disclose your age.... Now i feel like so much of a child.. In this place Sad
Mark 12:29
Deuteronomy 4:16
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young
#20 Posted : Monday, July 19, 2010 1:19:34 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
@Guru and Wazuarians

(i) To re-affirm that young is a screen name but I am an old man in any standard. I stick to young as that is my pet name in my family as 3rd to the last in a family of nine children (same mother)

(ii) For wazua audience to understand my reasoning as there is a direct r/ship between reasoning and age.

(iii) To encourage old ones like me to keep it up
and to tell the young ones (18-39) that they are lucky to get to know about financial intelligence at a young age.

I am naturally a blunt person, and I believe in Africa and her future proosperity.

The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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  | | Edit by user: Monday, July 19, 2010 1:26 PM | Reason: Not specified
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