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A Kenyan Billionaire With a Cause
MaichBlack
#1 Posted : Friday, February 06, 2015 10:10:28 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,841
John Kibunga Kimani!!!

This is one fellow with an interesting story. From a squatter to Billionaire. But this is not just about a rags to riches story. It is what he has gone out and done for the benefit of ill treated company employees and squatters. Talk about putting your money where your mouth and heart are! Kudos bwana Kibunga.

Link: John Kibunga Kimani
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
VituVingiSana
#2 Posted : Friday, February 06, 2015 10:42:42 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
MaichBlack wrote:
John Kibunga Kimani!!!

This is one fellow with an interesting story. From a squatter to Billionaire. But this is not just about a rags to riches story. It is what he has gone out and done for the benefit of ill treated company employees and squatters. Talk about putting your money where your mouth and heart are! Kudos bwana Kibunga.

Link: John Kibunga Kimani

Yes and No. He should cut a deal with Kakuzi to buy off the land the squatters are on and give it to them. Or buy out the entire firm!

Whereas his heart may be in the right place, he should not disadvantage the other shareholders...

As for the historical injustices, well... we know who 'ate' the money provided by the Brits to buy the land from farmers!!! Or who ended up with the land/farms bought from farmers who left...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Chaka
#3 Posted : Friday, February 06, 2015 2:44:42 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
quote
The Nairobi Securities Exchange-listed firm has eight directors, mostly nominees of UK-based Camellia Plc
unquote
So why can't the gentleman have his nominee on the board?(i,e since he does not want to sit on it)
MaichBlack
#4 Posted : Friday, February 06, 2015 3:12:27 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,841
@vvs - Have you read the story? He is very categorical that the company CANNOT donate land to the squatters. He just wants the squatters and workers to be treated fairly and humanly. For example, the access roads should be re-opened. Can you imagine walking 4 kms around a huge piece of land while there used to be an access road through the farm/land and the journey was only 400 metres!

There are companies that know how to "live" with people. Some build schools and hospitals. Some sink boreholes for the community to draw water from. Some start bursary funds. Some build/repair roads. Like the flower farm across the river from Goingwa (Thika) built a very nice bridge across the very wide river (I am not sure if it the one called river Channia) to make life easier for their employees and other citizens.

Others companies - still stuck in the colonial era - close access roads forcing people including their own employees to walk 10 times the distance to and from work. You can't even collect firewood - not that they need it or you are negatively affecting anything.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
MaichBlack
#5 Posted : Friday, February 06, 2015 3:18:29 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,841
And now fellows are buying Kakuzi hoping to sell to Mr. Kibunga the extra 4% he is targeting at a premium. Up 6% today! Second highest gainer.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
sparkly
#6 Posted : Friday, February 06, 2015 4:15:27 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Where is this "cause"? I dont see it. I am with @VVS on this one. Let him launch a squatter takeover with his holdings if he is serious in his cause. He can ask the DJ to help him pull it off.
Life is short. Live passionately.
VituVingiSana
#7 Posted : Friday, February 06, 2015 9:04:17 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Chaka wrote:
quote
The Nairobi Securities Exchange-listed firm has eight directors, mostly nominees of UK-based Camellia Plc
unquote
So why can't the gentleman have his nominee on the board?(i,e since he does not want to sit on it)
The story says that he refused/declined becoming a director.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#8 Posted : Friday, February 06, 2015 9:32:23 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
MaichBlack wrote:
@vvs - Have you read the story? He is very categorical that the company CANNOT donate land to the squatters. He just wants the squatters and workers to be treated fairly and humanly. For example, the access roads should be re-opened. Can you imagine walking 4 kms around a huge piece of land while there used to be an access road through the farm/land and the journey was only 400 metres!

There are companies that know how to "live" with people. Some build schools and hospitals. Some sink boreholes for the community to draw water from. Some start bursary funds. Some build/repair roads. Like the flower farm across the river from Goingwa (Thika) built a very nice bridge across the very wide river (I am not sure if it the one called river Channia) to make life easier for their employees and other citizens.

Others companies - still stuck in the colonial era - close access roads forcing people including their own employees to walk 10 times the distance to and from work. You can't even collect firewood - not that they need it or you are negatively affecting anything.

1) They are squatters [Not something that's the fault of Kakuzi or most of its shareholders who bought shares post-1963]
2) Theft and arson has been a huge problem. I have a feeling one of the reasons for 'closing' those panya routes was to reduce/prevent theft/arson.
3) Kakuzi is going into high value produce e.g. Macadamia. Each kilo stolen is a huge loss. Have you seen pineapples sold along Thika Road [Makuyu]? Where do you think these come from?
4) Kakuzi sells wood/firewood.

It is NOT easy to balance these demands. I have a feeling the number/population of squatters has increased substantially since 1963 and is Kakuzi trying to prevent further encroachment?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
whiteowl
#9 Posted : Saturday, February 07, 2015 1:22:11 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
VituVingiSana wrote:
MaichBlack wrote:
@vvs - Have you read the story? He is very categorical that the company CANNOT donate land to the squatters. He just wants the squatters and workers to be treated fairly and humanly. For example, the access roads should be re-opened. Can you imagine walking 4 kms around a huge piece of land while there used to be an access road through the farm/land and the journey was only 400 metres!

There are companies that know how to "live" with people. Some build schools and hospitals. Some sink boreholes for the community to draw water from. Some start bursary funds. Some build/repair roads. Like the flower farm across the river from Goingwa (Thika) built a very nice bridge across the very wide river (I am not sure if it the one called river Channia) to make life easier for their employees and other citizens.

Others companies - still stuck in the colonial era - close access roads forcing people including their own employees to walk 10 times the distance to and from work. You can't even collect firewood - not that they need it or you are negatively affecting anything.

1) They are squatters [Not something that's the fault of Kakuzi or most of its shareholders who bought shares post-1963]
2) Theft and arson has been a huge problem. I have a feeling one of the reasons for 'closing' those panya routes was to reduce/prevent theft/arson.
3) Kakuzi is going into high value produce e.g. Macadamia. Each kilo stolen is a huge loss. Have you seen pineapples sold along Thika Road [Makuyu]? Where do you think these come from?
4) Kakuzi sells wood/firewood.

It is NOT easy to balance these demands. I have a feeling the number/population of squatters has increased substantially since 1963 and is Kakuzi trying to prevent further encroachment?

Let me answer the pineapple question. They're stolen from Kakuzi and Delmonte since I can remember. That's why from a shareholder/management point of view the panya routes should remain closed.As for Delmonte, it well guarded but guys still sneak in n minutes later they swim across Chania river with a sack full of pineapples though some of them drowned.
murchr
#10 Posted : Thursday, July 23, 2015 12:12:18 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Billionaire investor John Kibunga Kimani has bought an additional 1.1 per cent stake in Kakuzi, taking him closer to owning the targeted 29 per cent shares of the NSE-listed agricultural company.

http://www.businessdaily...50/-/os4p2k/-/index.html
"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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