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Kibaki sells Union Towers!!!!!!!!!
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mawinder
#1 Posted : Thursday, October 02, 2014 7:31:43 AM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
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murchr
#2 Posted : Thursday, October 02, 2014 7:42:19 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Old news
"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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newfarer
#3 Posted : Thursday, October 02, 2014 7:52:31 AM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
that ksh 800m figure is unbelievable unless the balance was a donation.
punda amecheka
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mkenyan
#4 Posted : Thursday, October 02, 2014 7:58:14 AM
Rank: Veteran

Joined: 4/1/2009
Posts: 1,885
newfarer wrote:
that ksh 800m figure is unbelievable unless the balance was a donation.

think that is just about right. what is unbelievable l is the law society of kenya planning to build a 4 story building for 1.2 billion
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maka
#5 Posted : Thursday, October 02, 2014 8:11:34 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
At such an age how much money do you need?
possunt quia posse videntur
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simonkabz
#6 Posted : Thursday, October 02, 2014 8:39:42 AM
Rank: Elder

Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
800m is throw-away, too low. The building itself must be over 1b, and the land it sits on.......I hear barks has a stake in MKU. He might have used the building to increase his stake in the varsity.
TULIA.........UFUNZWE!
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McReggae
#7 Posted : Thursday, October 02, 2014 8:58:20 AM
Rank: Elder

Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
I see this is for Club SK!!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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KulaRaha
#8 Posted : Thursday, October 02, 2014 9:03:58 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Must have a huge chunk of cash payment, to avoid 4% stamp duty. LOOOOOL

Kulipa ushuru blah blah hogwash!
Business opportunities are like buses,there's always another one coming
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kingfisher
#9 Posted : Thursday, October 02, 2014 9:16:45 AM
Rank: Elder

Joined: 4/9/2008
Posts: 2,824
KulaRaha wrote:
Must have a huge chunk of cash payment, to avoid 4% stamp duty. LOOOOOL

Kulipa ushuru blah blah hogwash!


thats a cool 32m!! hiyo ni ngumu sana kulipaShame on you Shame on you Shame on you
When I have money, I get rid of it quickly, lest it find a way into my heart.
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Wendz
#10 Posted : Thursday, October 02, 2014 9:21:17 AM
Rank: Elder

Joined: 6/19/2008
Posts: 4,268
mawinder wrote:
http://www.businessdailyafrica.com/Corporate-News/Mwai-Kibaki-sells-Nairobi-Union-Towers-to-MKU-for-Sh800m-/-/539550/2470784/-/4129mpz/-/index.html
Is he becoming broke??????


Broke? With investments, you do not sell because you are broke, you sell because you have seen another opportunity that is better than what you are holding. if you only sell assets when you get broke, you sure are going to get broke quite soon.... well, am a culprit of holding but......................it doesn't change the fact that it is not the ideal wealth creation strategy.
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