I think JHL's key asset is the small number of fiercely loyal shareholders. I suspect it has the fewest number of shareholders of a listed company on the NSE, who are not willing to sell - even when it hit ksh 800, watu walikaa ngumu. The company secretary knows me by name, which other company sec knows me?

Yikes! Will UG gov't force Bujagali's investors to take a haircut?
http://www.theeastafrica...698-12g8q52z/index.html

The problem for UG is that the next time it tries to attract an investor for a long-term project, the investors may add a premium.

Why is it that UGANDANS aren't investing in Bujagali?
They have so many USD millionaires but how many will invest in Bujagali?
What about forming a "local" investment firm/chama that buys shares in BEL?

When the Ethiopians were denied funding for GERD [Renaissance Dam] they issued "Renaissance Bonds" [All profitable private firms had to buy these. I think banks have to buy a minimum amount as well] which are also open to the Diaspora.

Look at this. So many USD millionaires in Kenya. And Africa. If every African millionaire devoted just 25% of his/her wealth to investing in manufacturing [in addition to the land used for manufacturing] Africa would be far ahead...

http://www.businessdaily...9430-136tv4x/index.html

Add to that, the KES millionaires. If just 25% of Kenyan/African "KES" millionaires invested 25% of their wealth in manufacturing/farming [real farming not idle land speculation just holding farmland] even if it was just a few machines making building blocks or milling maize/sorghum, etc... Wouldn't we be self-sufficient in many sectors?

BTW, I include investing in manufacturing through a chama [Tea factories] or through shares eg BOC, FTGH, etc.

Some Kenyans eg:
C Kirubi has shares in Haco as well as in Centum which has shares in GMEA, Coca Cola, etc.
BC Patel in BOC and CARB.
Tea farmers in KTDA Tea Factories
P Paunrana in ARM
Ndegwas in Unga
Bangera in FTGH
Some coffee farmers in coffee mills
Some sugarcane farmers in sugar mills [a pity about Mumias]

Though I doubt they have 25% in manufacturing except (perhaps) Paunrana & Bangera. Dangote is someone who has invested in value-addition by manufacturing including cement, flour, etc.