Spikes wrote:Sam_Kibs wrote:Will MSC ever come out of this ''Serikali saidia''?
Looking at the half year financials, Finance costs doubled, long-term liabilities quadrupled! and now seeking an additional 2M bail-out??? interesting indeed!
Government bailout is now necessary without delay.
Let Mumias die. Just as any firm that cannot stand on its own. Why penalize the hard-working, sensible and 'good' management of other firms to support black holes like KQ & Mumias?
Kenol, BAT, EABL, KenRe, Equity, etc pay taxes on profits that are wasted on the likes of NBK, Mumias, KQ...
Was a bailout provided for (private) ADSS or did they let it find its own path out (or die)?
Access found itself a buyer when things were becoming hot.
Don't subsidize money pits. GoK borrows money at 14+% [10 yr T-Bonds] to throw money into black holes. We see this over and over again.
GoK should NOT be in the business of business.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett