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KenGen’s bond result unravels Kenya’s inequality
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Ilikeyou
#1 Posted : Wednesday, October 28, 2009 2:32:00 PM
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Joined: 11/21/2007
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Location: Nairobi
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Feish
#2 Posted : Wednesday, October 28, 2009 10:14:00 PM
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Joined: 9/23/2008
Posts: 94
I totally beg to differ with the sentiments from BDAfrica on distribution of KENGEN Bond subscribers. Am very sure it depends on how different people want to invest and not how wealthy they are per se. Its all known that those from Central will grab any opportunity toinvest while others hold back. Am very sure there are some investors from central who sold the only they had just to invest while some other people held to there millions in banks.

http://www.businessdaily.../-/u5u872z/-/index.html

Whats your take on the above knowing very well even me i decided not to buy while i could have afforded....Am not a centralian anyway


life is an endless adventure
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tony stark
#3 Posted : Thursday, October 29, 2009 1:15:00 AM
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Joined: 7/8/2008
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That is a poorly written article. They first make a sweeping statement that the bond unravels inequality. The article doesnt even consider foreign investmen.
What percentage did central produce? What did the other produce? How and who defines where central is? Is it Runda? Is it juja? Most of this places are very cosmopolitan!
No comment that article proves or even suggest nothing!!!!

SK A.L.U.M.N.I (Alcoholic Liason and Undergarments Manager of Nakedness Internationally)
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VituVingiSana
#4 Posted : Thursday, October 29, 2009 3:53:00 AM
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Well... 25bn will be taken up coz greenshoe allows for 10bn in addition to the 15bn

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Njunge
#5 Posted : Thursday, October 29, 2009 6:06:00 AM
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Location: Nairobi
Useless article.


Old man about town....
Nothing great was ever achieved without enthusiasm.
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VituVingiSana
#6 Posted : Thursday, October 29, 2009 6:42:00 AM
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Nairobi is the HQ for most institutional firms esp Banks,Insurance firms & Pension funds... so not surprising that Nairobi accounts for the bulk...

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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selah
#7 Posted : Thursday, October 29, 2009 10:50:00 AM
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Joined: 10/13/2009
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Location: in kenya
Most pple dont know much about bonds .Therefore this can not be a criteria for judging inequality

you can achive all things through Him(Jesus Christ)
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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tutebeng
#8 Posted : Thursday, October 29, 2009 4:01:00 PM
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Joined: 10/29/2009
Posts: 40
While not wishing to get involve in the geographical distribution of inequality -or equality- the results show one thing,that only about 3200 people applied for the bond. Usually treasury bills and bond auctions attract an even smaller crowd. It may have been prudent for KenGen to invite these guys for lunch and ask them for the money-compared to the expense in the media advertising. Say lunch at Kshs2000 per person and you receive Kshs26bn.-cost benefit analysis-

Tutebeng
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VituVingiSana
#9 Posted : Thursday, October 29, 2009 4:22:00 PM
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Joined: 1/3/2007
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Location: Nairobi
@Tutebeng has a great point but how would you know these folks beforehand (except for the Fund Managers,banks,etc) who were invited to the launch

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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