Nipate
Forum => Kenya Discussion => Topic started by: RV Pundit on October 06, 2021, 11:21:28 AM
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Uhuru must be investigated - after exit from power - commision of inquiry into SGR is needed.
https://www.businessdailyafrica.com/bd/economy/treasury-to-pay-motorists-sh18-billion-costly-fuel-3573924
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Pundit who own Afristar? SGR can make good money long run. Will it be like KQ you think you own but get into private pockets. When Chinese hand over will Kenyans get anything?
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Definitely Uhuru. Wanjigi and DL (Ruto) were competing for it. Uhuru took it all. China probably own 70 percent of AfriStar - and Uhuru 30 percent.
Pundit who own Afristar? Will it be like KQ you think you own but get into private pockets. When Chinese hand over will Kenyans get anything?
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That's the problem with Africa. We need more Pandora when Ruto take over. Must include Weston.
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I cannot promise Ruto will address corruption. Neither will Raila. But they can go against opponent graft case either to silence them or buy them off. This going to be a long drawn war...judiciary is the only hope.
That's the problem with Africa. We need more Pandora when Ruto take over. Must include Weston.
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I cannot promise Ruto will address corruption. Neither will Raila. But they can go against opponent graft case either to silence them or buy them off. This going to be a long drawn war...judiciary is the only hope.
That's the problem with Africa. We need more Pandora when Ruto take over. Must include Weston.
I hear Ruto speak corruption at some rallies outside Nairobi or in Githurai. Wonders never seize.
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He has unconventional solution to corruption. He believes the money get stolen because it's idle. That I also partly agree. Idle money get stolen. But if gov and it's official was put to task - they will not steal alot - because gov will be demanding results - you cannot deliver results - if you have stolen the project money.
It like open tendering - it reduces corruption - because of competition among vendors - bring the bribe money down.
AfriStar it simple - they should be asked to deliver their part of the bargain - basically turn SGR profitable at half the price - that will reduce their profitabiliy and Uhuru will make loses. If you try to go for Uhuru - you'll get lost in a maze of fronts all over the world.
I hear Ruto speak corruption at some rallies outside Nairobi or in Githurai. Wonders never seize.
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Show proof Uhuru owns 30% of it.....
Definitely Uhuru. Wanjigi and DL (Ruto) were competing for it. Uhuru took it all. China probably own 70 percent of AfriStar - and Uhuru 30 percent.
Pundit who own Afristar? Will it be like KQ you think you own but get into private pockets. When Chinese hand over will Kenyans get anything?
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https://www.oraro.co.ke/2018/08/13/what-you-need-to-know-about-the-30-local-ownership-rule-for-foreign-companies/
By way of Legal Notice No. 109 of 2016, all the remaining parts of the Companies Act, 2015 (the 2015 Act) came into operation on 15th June, 2016. With them, so too did Part 37 of the 2015 Act which contains provisions relating to foreign companies which carry on business in Kenya.
Section 974 of the 2015 Act provides that a foreign company shall not carry on business in Kenya unless it is either registered, or it has applied to be so registered and the application has not been dealt with, within the prescribed period
Section 975(2) contains the criteria for approval for registration of a company as a foreign company. Among these, the company must demonstrate in its application that at least 30% of the company’s shareholding is held by Kenyan citizens by birth, this is what has been dubbed the “30% local ownership rule”. The term “citizen by birth” is defined under Article 14(1) of the Constitution, 2010 to mean a person who, on the day of their birth, whether or not they were born in Kenya, either their mother or their father was a citizen. Therefore, following the commencement of the 2015 Act, any foreign company that wishes to be registered as such in Kenya, must have at least 30% of its shareholding held by people who have a parent or parents, who are Kenyan citizens.
Show proof Uhuru owns 30% of it.....
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Okay Excellent proof......Thanks
https://www.oraro.co.ke/2018/08/13/what-you-need-to-know-about-the-30-local-ownership-rule-for-foreign-companies/
By way of Legal Notice No. 109 of 2016, all the remaining parts of the Companies Act, 2015 (the 2015 Act) came into operation on 15th June, 2016. With them, so too did Part 37 of the 2015 Act which contains provisions relating to foreign companies which carry on business in Kenya.
Section 974 of the 2015 Act provides that a foreign company shall not carry on business in Kenya unless it is either registered, or it has applied to be so registered and the application has not been dealt with, within the prescribed period
Section 975(2) contains the criteria for approval for registration of a company as a foreign company. Among these, the company must demonstrate in its application that at least 30% of the company’s shareholding is held by Kenyan citizens by birth, this is what has been dubbed the “30% local ownership rule”. The term “citizen by birth” is defined under Article 14(1) of the Constitution, 2010 to mean a person who, on the day of their birth, whether or not they were born in Kenya, either their mother or their father was a citizen. Therefore, following the commencement of the 2015 Act, any foreign company that wishes to be registered as such in Kenya, must have at least 30% of its shareholding held by people who have a parent or parents, who are Kenyan citizens.
Show proof Uhuru owns 30% of it.....
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Yes it can only be a kenyatta who can go for such a big deal - and keep it top secret- Wanjigi I am sure knows everything. Ruto also know everything. This is really the genesis of their fallout.Uhuru ate everything alone. Ruto was smart to go for smaller deals. Wanjigi still throwing a mega tantrum.
Okay Excellent proof......Thanks
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So what links him to the company ?
Yes it can only be a kenyatta who can go for such a big deal - and keep it top secret- Wanjigi I am sure knows everything. Ruto also know everything. This is really the genesis of their fallout.Uhuru ate everything alone. Ruto was smart to go for smaller deals. Wanjigi still throwing a mega tantrum.
Okay Excellent proof......Thanks
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Same thing with Moja Expressway, the subsidiary of CRBC that is to run the Nairobi Expressway. Which Chinese would come up with such a name?
Definitely Uhuru. Wanjigi and DL (Ruto) were competing for it. Uhuru took it all. China probably own 70 percent of AfriStar - and Uhuru 30 percent.
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Common sense. Who else who'd get such a big deal contract - if Wanjigi didnt and Ruto didn't.
So what links him to the company ?
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Yes - that is why he want to conclude everything before he goes - naskia he is inspecting it day and night - when he is sober - he drives to his expressway-knowing he is set for 30yrs.
Same thing with Moja Expressway, the subsidiary of CRBC that is to run the Nairobi Expressway. Which Chinese would come up with such a name?
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Your sgr enthusiasm has waned. China will milk this donkey until it kicks it last kicks. Uhuru was interested not in legacy but kickbacks. He camped in China for weeks getting these deals. You remember his first trip there he carried everyone that mattered and could sign on this debts.
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NBA-MSA is good. The problem is 120B kshs for Naivasha section. Without going all the way to Kampala....SGR will struggle. Let hope the old MGR-SGR connection will make it profitable.
Your sgr enthusiasm has waned. China will milk this donkey until it kicks it last kicks. Uhuru was interested not in legacy but kickbacks. He camped in China for weeks getting these deals. You remember his first trip there he carried everyone that mattered and could sign on this debts.
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And where is the common sense in the KQ thread...
Common sense. Who else who'd get such a big deal contract - if Wanjigi didnt and Ruto didn't.
So what links him to the company ?
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Because planes were financed by AfriExim and US Exim Bank. There was no need for local content. This 30 percent requirement is a playbook from Moi era. Moi would put such requirement and demand 10-30 percent for almost all investment coming to KEnya.
And where is the common sense in the KQ thread...