Nipate
Forum => Kenya Discussion => Topic started by: RV Pundit on June 25, 2022, 10:48:33 AM
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So just getting this info....
She spent 5yrs and a blank cheque on stop Ruto mission. She was the engine working from a Gideon Moi office in Gigiri - reporting directly to Uhuru, Gideon and Muhoho...coming with crazy byzantine plan that use to work for Raila but failed totally against Ruto.
When the project failed - and knowing she fixed Ruto in ICC - she has run away. Kibicho, Matiangi and others should be taking the cue to run because Ruto-Gachagua are BAD NEWS. As for Uhuru and Gideon...they should prepare to file bankruptcy in kenya...and also run abroad.
From FB.
So Pauline Njoroge hasn't told her fellow Azimio dunderheads that Nancy Gitau the Chief fixer has relocated to Australia months ago because she said her mission of stopping Ruto presidency has failed! When I tell you people that this thing is gone, you think am joking. Am a veteran, I have been involved actively in all succession politics that's Moi, Kibaki and now Uhuru.
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Oscar Sudi speaking outside Milimani Law Courts, immediately after the release of Dennis Itumbi, for the first time brought to the fore the name of Nancy Gitau as among those working with Karanja Kibicho in backroom schemes of stopping Deputy President Dr. William Ruto from ascending to the top of the country's leadership after President Uhuru Kenyatta retires in 2022.
But who is Nancy Gitau? She is President Kenyatta's Senior Political Strategist and Advisor. She sits in the inner sanctum of President Kenyatta's Legacy Team that engineered the executive order elevating CS Fred Matiang'i to Super CS, a move that political pundits viewed as aimed at stymying Ruto's political influence.
The membership of the team, formed post handshake, include CS Fred Matiang'i, Head of Public Service Joseph Kinyua, Chief of Staff and Head of Delivery Unit Nzioka Waita, National Intelligence Service Director Philip Kameru, the President's brother Muhoho Kenyatta, NASA leader Raila Odinga, Jubilee Secretary General Raphael Tuju, Principal Secretary Karanja Kibicho, Private Secretary Jomo Gecaga, State House Comptroller Kinuthia Mbugua and Nancy Gitau.
It must be remembered that Nancy Gitau is no stranger to working behind the scenes in the highest office in the land. She worked as a senior presidential advisor to retired President Mwai Kibaki's Grand Coalition government.
During her stint in Kibaki's government, her name and that of then Security Ministry's PS Mutea Iringo were adversely mentioned for allegedly procuring and coaching witnesses against Deputy President Dr. William Ruto at the ICC.
Ruto’s lawyer, Shyamala Alagendra, in submissions at the ICC in 2014 claimed that Nancy Gitau and Mutea Iringo had abused a Witness Protection Programme in the Security Ministry to recruit and coach ICC witnesses to fix the DP, a scheme Gatundu South MP Moses Kuria later publicly confessed to have been part of.
In the run-up to the 2013 elections and with the merger of URP and TNA, Nancy Gitau was inherited from the Kibaki administration by Uhuru Kenyatta as a Senior Presidential Advisor. She resigned in a huff in 2016 amid the acrimony of infighting pitting the URP and TNA factions within Jubilee government.
Her influence in the corridors of power then earned her many enemies within and outside Jubilee government. ODM Chairman John Mbadi described her then as "behind-the-scenes manager of Uhuru’s presidential campaign in 2012-2013, a politically-aligned servant only beholden to Uhuru, untouchable and Uhuru’s political agent."
Nancy Gitau was brought back in the run-up to 2017 elections as political strategist to the Presidential campaigns. May be this was in preparation and anticipation for the alleged current role. Of course she has institutional memory of anti-Ruto schemes. The fact that she works in the President's inner sanctum as Senior Political Strategist and Advisor leaves no doubt as to where to place all the anti Ruto rhetoric.
It is instructive to note that out of the 11 member Legacy Team members, about half - Murathe, Tuju, Raila, and Kibicho have come out in open public declaration of disdain of the Presidential ambitions of Dr. William Ruto.
It seems this nefarious scheme against Dr. Ruto has a long history. The true organization and the faces behind it are now slowly unfolding. Of course there are the Mt. Kenya Oligarchs playing supporting roles in the shadows.
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She must have planned this move for a while now (very smart) I'm assuming she spent time living in Australia before and is familiar with the country, but what about Kibicho and Matiangi? have they ever left kenya? I know murathe is building a hotel in spain and I'm sure he's moved his money out but kenyan men don't leave (they can't live in the west with all those rules)
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She is smart enough to know the ship had sunk...and to bail out.
They cant hack the winters; Uhuru plan is to spend summers abroad; they will have to look for two countries; one in tropics;
Only fools like Kibicho and Matiangi will be found nabbing
Because they dont have experience of losing power.
She must have planned this move for a while now (very smart) I'm assuming she spent time living in Australia before and is familiar with the country, but what about Kibicho and Matiangi? have they ever left kenya? I know murathe is building a hotel in spain and I'm sure he's moved his money out but kenyan men don't leave (they can't live in the west with all those rules)
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She is not safe if she did anything to undermine/hurt Ruto. Anyone that has hurt DP in one way or another should drink poison and die because they will be beyond bankrupt and fully homeless within the first year. DP is very utterly severely vicious on his enemies!
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Then add Gachagua. Yaani I really pity those people. If Ruto forgives you, Gachagua finishes you. Within 3 months many of them will be in exile. Those luckly few will have to buy their freedom very expensively.
She is not safe if she did anything to undermine/hurt Ruto. Anyone that has hurt DP in one way or another should drink poison and die because they will be beyond bankrupt and fully homeless within the first year. DP is very utterly severely vicious on his enemies!
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We warned them to go slow on St.Mary Boys orders.
Now watakiona ofcourse Ruto wont touch Uhuru but all those Uhuru advisors they will know cha mtema kuni.
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Dont bet on Uhuru not being touched. I think he will. What he did to Ruto will be hard to forgive.What he did to Gachagua - basically bankrupting and blocking his accounts. GEMA wants him touched. After Raila loses...his crew will also be bitter with him. Maybe he wont be criminally charged but he will be bankrupted.
We warned them to go slow on St.Mary Boys orders.
Now watakiona ofcourse Ruto wont touch Uhuru but all those Uhuru advisors they will know cha mtema kuni.
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Let's say she made $20MN from Uhuru gov...With a $1MNusd you have a residence permit in Australia..if she is 50 years old.She can live with $30k per year in Australia for 20 years that is $600k ..and spend another $3MN enjoying Asian destinations without stress.
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The pain of being away from home is worth more than money.
Let's say she made $20MN from Uhuru gov...With a $1MNusd you have a residence permit in Australia..if she is 50 years old.She can live with $30k per year in Australia for 20 years that is $600k ..and spend another $3MN enjoying Asian destinations without stress.
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The pain of being away from home is worth more than money.
Let's say she made $20MN from Uhuru gov...With a $1MNusd you have a residence permit in Australia..if she is 50 years old.She can live with $30k per year in Australia for 20 years that is $600k ..and spend another $3MN enjoying Asian destinations without stress.
If you don't have money.
If I can afford a home in UK,a nice car money at my disposal,afford healthcare,have a driver and maid to attend to me and my relatives are a phone call away,After that travel.all over the world,What would worry me as a 50 year old with grown was kids,just wait for my death.
Like I always tel you,The only thing that makes you a permanent resident on this forum is lack of money.If you have money you can't be here.Ive like in somewhere in Atlantic upto this year and you just cannot compare.
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You have very low ambitions - because you're just emerging out of poverty. 20yrs ago I was in your shoes - excited about those basic needs. The likes of Nancy and Uhuru left those basic human needs long time ago. They have higher needs.
If I can afford a home in UK,a nice car money at my disposal,afford healthcare,have a driver and maid to attend to me and my relatives are a phone call away,After that travel.all over the world,What would worry me as a 50 year old with grown was kids,just wait for my death.
Like I always tel you,The only thing that makes you a permanent resident on this forum is lack of money.If you have money you can't be here.Ive like in somewhere in Atlantic upto this year and you just cannot compare.
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You have very low ambitions - because you're just emerging out of poverty. 20yrs ago I was in your shoes - excited about those basic needs. The likes of Nancy and Uhuru left those basic human needs long time ago. They have higher needs.
If I can afford a home in UK,a nice car money at my disposal,afford healthcare,have a driver and maid to attend to me and my relatives are a phone call away,After that travel.all over the world,What would worry me as a 50 year old with grown was kids,just wait for my death.
Like I always tel you,The only thing that makes you a permanent resident on this forum is lack of money.If you have money you can't be here.Ive like in somewhere in Atlantic upto this year and you just cannot compare.
What higher needs?
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Power, Influence, Being loved by Kikuyus, Being seen as an hero, etc etc. They dont get excited with cars. Maybe driving around in private jet will excite them. Owning yatches, blowing millions in cassinos, betting on horses, snorting cocaine in some private island. Likes of Uhuru and Gideon Moi can blow up a million dollars in a month - through betting without a care.
(https://studiousguy.com/wp-content/uploads/2015/03/Maslows_Hierarchy_of_Needs.jpg)
What higher needs?
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Power, Influence, Being loved by Kikuyus, Being seen as an hero, etc etc. They dont get excited with cars. Maybe driving around in private jet will excite them. Owning yatches, blowing millions in cassinos, betting on horses, snorting cocaine in some private island. Likes of Uhuru and Gideon Moi can blow up a million dollars in a month - through betting without a care.
(https://studiousguy.com/wp-content/uploads/2015/03/Maslows_Hierarchy_of_Needs.jpg)
What higher needs?
You are very petty.
Uhuru is a dollar billionaire.He can enjoy all those things on earth even without being in power.Apart from his deals as president...
He makes over $30000usd a P/D selling Grass Hay from Gicheha Mwalimu and Northlands...Makes millions of dollars in every coffee macadamia and avocado season.He collects millions of shillings in RENT and hotel business...so when I hear people talking NCBA or brookside they are just .mistaken...All these businesses happen before my eyes..He has people on the ground doing them...In the evening a GKB prados with one officer come collects money and that's it.
Power has an expiry date but influence when you have money has no limit.
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Money is not Uhuru problem - he is ever angry because GEMA dont respect him. He needs to be loved. He need to be thought of as the best president. Now it pains him when even in Gatundu people see him as a failure. Imagine planning the last Madaraka day address in Kirigiti Kiambu then having to move to Nairobi - and still having to deny Ruto any recognition. That kind of bitterness stems from rejection right from Ichwaeri village.
Moi died bitter because after kenyans rejected him - Kalenjin went ahead to reject him. His billions could not heal his heart. You have one stomach - and can eat as much - sleep in single house- so after you meet your basic needs - have secured you future finances and kids - you dont stop needing or wanting- it just human nature - to want more. Now you want be loved or adored or listened to...by other mortals. You start to join politics.
So for Uhuru he will wants to be respected - not only in kenya - but globally - say Mbeki or Obasanjo being called to mediate conflicts in Congo or Ethiopia
He wants to be useful - not just smoking and drinking himself silly. And of course now he has enemies who will be keen to bankrupt him.
So apart money - politicians want to be loved, adored and respected - and it kills them when they are derided, ignored, and abused publicly.
You are very petty.
Uhuru is a dollar billionaire.He can enjoy all those things on earth even without being in power.Apart from his deals as president...
He makes over $30000usd a P/D selling Grass Hay from Gicheha Mwalimu and Northlands...Makes millions of dollars in every coffee macadamia and avocado season.He collects millions of shillings in RENT and hotel business...so when I hear people talking NCBA or brookside they are just .mistaken...All these businesses happen before my eyes..He has people on the ground doing them...In the evening a GKB prados with one officer come collects money and that's it.
Power has an expiry date but influence when you have money has no limit.
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So for Uhuru he will wants to be respected - not only in kenya - but globally - say Mbeki or Obasanjo being called to mediate conflicts in Congo or Ethiopia
Move from statehouse and go negotiate between Chinese and America backed warlords in failed states?Are you crazy or what?To gain what?
And of course now he has enemies who will be keen to bankrupt
HOW?
kills them when they are derided, ignored, and abused publicly.
It happens even when you are in power you can't have 100% support Which politician doesn't get abused publicly.
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Money is not Uhuru problem - he is ever angry because GEMA dont respect him. He needs to be loved. He need to be thought of as the best president. Now it pains him when even in Gatundu people see him as a failure. Imagine planning the last Madaraka day address in Kirigiti Kiambu then having to move to Nairobi - and still having to deny Ruto any recognition. That kind of bitterness stems from rejection right from Ichwaeri village.
Moi died bitter because after kenyans rejected him - Kalenjin went ahead to reject him. His billions could not heal his heart. You have one stomach - and can eat as much - sleep in single house- so after you meet your basic needs - have secured you future finances and kids - you dont stop needing or wanting- it just human nature - to want more. Now you want be loved or adored or listened to...by other mortals. You start to join politics.
So for Uhuru he will wants to be respected - not only in kenya - but globally - say Mbeki or Obasanjo being called to mediate conflicts in Congo or Ethiopia
He wants to be useful - not just smoking and drinking himself silly. And of course now he has enemies who will be keen to bankrupt him.
So apart money - politicians want to be loved, adored and respected - and it kills them when they are derided, ignored, and abused publicly.
You are very petty.
Uhuru is a dollar billionaire.He can enjoy all those things on earth even without being in power.Apart from his deals as president...
He makes over $30000usd a P/D selling Grass Hay from Gicheha Mwalimu and Northlands...Makes millions of dollars in every coffee macadamia and avocado season.He collects millions of shillings in RENT and hotel business...so when I hear people talking NCBA or brookside they are just .mistaken...All these businesses happen before my eyes..He has people on the ground doing them...In the evening a GKB prados with one officer come collects money and that's it.
Power has an expiry date but influence when you have money has no limit.
I've seen you've edited your post.
Uhuru is not running for any political position.There is a Vacancy in GEMA We had kenyatta then Matiba then Kibaki then Uhuru then next will be Ndindi or Ichungwa we are a democracy it's like in Kalenjin we had Moi then now it's Ruto the Murkomen or Keter.The climax of a political career in Kenyan politics is the PRESIDENCY.
Secondly,Uhuru has lost elections in 1997 2002 2005 referendum so whatever is happening is not new to him The most interesting thing is that as he exits politics 50% GEMA are solidly behind him.
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Why did he do all that BBI crap. He wanted to become the PM. He is too young to retire. He just 60yrs. Why is he Azimio Chair. He want to continue. If Raila wins - he will try to get fake AU job like Raila.
As for 50% of GEMA - let see how much he will transfer to MarthaRao on the 8th.
He has made a huge gamble - and I am afraid looking at the numbers - 50% of GEMA wont be enough to save Azimio.
So the next few years - he will be battling ChaguaRuto - without GEMA support. He will be bankrupted. 1st thing to go is KQ - will take him down 10B that NCBA is owed and was converted to equity. That has to be written off. Let not talk about other deals he does with KQ.
Next Kenya Gov might open PANDORA BOX IN SGR where he made 50B. Ruto knows everything. If it lifted - the SGR contract deals - Chinese will drop him - and he will take the 50B loss or go to jail :). Ruto has said port deal including SGR will be 1st executive order to be undone.
Next NCBA - Fuliza will be shutdown - people told not to pay :) - hapo he can go negative 100B :) - because every minute he is loaning kenyans lots of money. If Fuliza is shutdown - atalia sana. Before he is finished...another Fuliza by another bank will be moving ahead. They will be told to charge 10% interest per annum...not 30000%...and they will go down.
TimSale - forest license will be withdrawn - and given to other players.
Next we move to land - he will lose all the land - to the 2 million settlment schemes - apart from 4 acres farm in Ichwawer. Ruto will pay him 100K or he can battle in court for fair compensation value....while he is battling court cases...sqauttors will be already living in his land.
Rememebr he took Ruto 1,000 acres in Ruai....so pale Hakuna HURUMA. Uhuru woke up one day - told the KDF and police to go to Ruai and fence off Ruto land...some few people became collatoral...Ruto parcel had been removed from 4,000 acres original land that belong to Nairobi's Ruai Sewage treatment works...during MOi land grab...taken by Jirongo and Ruto eventually LEGALLY bought it. Ruto just kept silent but he lost 1,000 acres...a lot of money...billions.
Ruto also own 1,000 acres - Embakasi Army base (he just cannot take possesion - because he need to evict the army)- the land is private - and Ruto as PORK can easily re-take possession by removing the KDF.
He had Gachagua accounts blocked and his money frozen..Pale hakuna huruma.
And worse he doesnt have GEMA...his State Capture is the MAIN ISSUE in this election.
Prepare for mega tears from Kenyatta empire...and Gideon Moi...I hear Gideon brothers and sister have joined Ruto....to wage war on Gideon...who took his father money alone.
I've seen you've edited your post.
Uhuru is not running for any political position.There is a Vacancy in GEMA We had kenyatta then Matiba then Kibaki then Uhuru then next will be Ndindi or Ichungwa we are a democracy it's like in Kalenjin we had Moi then now it's Ruto the Murkomen or Keter.The climax of a political career in Kenyan politics is the PRESIDENCY.
Secondly,Uhuru has lost elections in 1997 2002 2005 referendum so whatever is happening is not new to him The most interesting thing is that as he exits politics 50% GEMA are solidly behind him.
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Just came in from Mombasa and I saw Muturi amongst certain 3 P.S. They were picked as usual with highlevel escort.
Muturi is a good example of who politicians are . Not long ago he wss doing Uhurus dirty work including passing of BBI in parliament.
As a chameloen he changed colours when it suited him.
Uhuru and Ruto have no love lost. Once Ruto becomes president Uhuru will play his cards . Ruto wont touch Uhuru if he does he will have put himself in the same position and could face similar reprisal.
As for GEMA once Uhuru is out of power they will have served him their revenge. Just like Moi they will look else where for someone new to discipline.
Luo Nyanza hated Kibaki but once he was out they turned their hatred to Uhuru and were even praising Kibaki as a very good president unlike Uhuru. Thats the nature of Kenyan politics.
Dont bet on Uhuru not being touched. I think he will. What he did to Ruto will be hard to forgive.What he did to Gachagua - basically bankrupting and blocking his accounts. GEMA wants him touched. After Raila loses...his crew will also be bitter with him. Maybe he wont be criminally charged but he will be bankrupted.
We warned them to go slow on St.Mary Boys orders.
Now watakiona ofcourse Ruto wont touch Uhuru but all those Uhuru advisors they will know cha mtema kuni.
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Why did he do all that BBI crap. He wanted to become the PM. He is too young to retire. He just 60yrs. Why is he Azimio Chair. He want to continue. If Raila wins - he will try to get fake AU job like Raila.
As for 50% of GEMA - let see how much he will transfer to MarthaRao on the 8th.
He has made a huge gamble - and I am afraid looking at the numbers - 50% of GEMA wont be enough to save Azimio.
So the next few years - he will be battling ChaguaRuto - without GEMA support. He will be bankrupted. 1st thing to go is KQ - will take him down 10B that NCBA is owed and was converted to equity. That has to be written off. Let not talk about other deals he does with KQ.
Next Kenya Gov might open PANDORA BOX IN SGR where he made 50B. Ruto knows everything. If it lifted - the SGR contract deals - Chinese will drop him - and he will take the 50B loss or go to jail :). Ruto has said port deal including SGR will be 1st executive order to be undone.
Next NCBA - Fuliza will be shutdown - people told not to pay :) - hapo he can go negative 100B :) - because every minute he is loaning kenyans lots of money. If Fuliza is shutdown - atalia sana. Before he is finished...another Fuliza by another bank will be moving ahead. They will be told to charge 10% interest per annum...not 30000%...and they will go down.
TimSale - forest license will be withdrawn - and given to other players.
Next we move to land - he will lose all the land - to the 2 million settlment schemes - apart from 4 acres farm in Ichwawer. Ruto will pay him 100K or he can battle in court for fair compensation value....while he is battling court cases...sqauttors will be already living in his land.
Rememebr he took Ruto 1,000 acres in Ruai....so pale Hakuna HURUMA. Uhuru woke up one day - told the KDF and police to go to Ruai and fence off Ruto land...some few people became collatoral...Ruto parcel had been removed from 4,000 acres original land that belong to Nairobi's Ruai Sewage treatment works...during MOi land grab...taken by Jirongo and Ruto eventually LEGALLY bought it. Ruto just kept silent but he lost 1,000 acres...a lot of money...billions.
Ruto also own 1,000 acres - Embakasi Army base (he just cannot take possesion - because he need to evict the army)- the land is private - and Ruto as PORK can easily re-take possession by removing the KDF.
He had Gachagua accounts blocked and his money frozen..Pale hakuna huruma.
And worse he doesnt have GEMA...his State Capture is the MAIN ISSUE in this election.
Prepare for mega tears from Kenyatta empire...and Gideon Moi...I hear Gideon brothers and sister have joined Ruto....to wage war on Gideon...who took his father money alone.
I've seen you've edited your post.
Uhuru is not running for any political position.There is a Vacancy in GEMA We had kenyatta then Matiba then Kibaki then Uhuru then next will be Ndindi or Ichungwa we are a democracy it's like in Kalenjin we had Moi then now it's Ruto the Murkomen or Keter.The climax of a political career in Kenyan politics is the PRESIDENCY.
Secondly,Uhuru has lost elections in 1997 2002 2005 referendum so whatever is happening is not new to him The most interesting thing is that as he exits politics 50% GEMA are solidly behind him.
(1) Kenya Airways NCBA is not the only lender to KQ It owes equity bank 5BN KCB I think 2BN and other banks.Which law is Ruto going use to refuse to pay NCBA and pay Equity?please table that law.Secondly,The kenyatta are the brokers of the individuals leasing Boeing planes to KQ,The new dream liners i think coasted 200BN,Are you implying that Ruto won't pay back Boeing their Money?
2) NCBA is not the only shareholder of Fuluza,You have safaricom which owns 40% and kCB 20% Foreign entities like Vodacom own 40% safaricom while GOK has 35% stake..same thing with KCB,So the government of Kenya will allow 100BN to go down the drain?BANKRUPT a Kenyan company for some useless emotions..I think you will have maybe Ruto tell NCBA to sell him a 10% stake and fuluza more to Kenyans.
3) There are not enough forests in Kenya nowadays that's why Uhuru is negotiating with Tsihshekedi to get a timber license with Raila in Congo forest..therefore you can take timsal3 license...nowadays they buy forest products from private individuals mostly while kenyatta have huge timber plantations to supply their companies they control whole supply chain in timber.. why have huge tracts of land and buy timber?
4) LAND-If Ruto takes Kenyatta land forcefully,He will have to reclaim all illegally taken land in Kenya from barracks airports statehouse Agricultural land etc that means he will dispossed people of their land including Moi all former TOO officials.
5) You are also suggesting he will go after all Military Security Police and Major infrastructural contracts Uhuru signed.that means he Will go after Chinese companies that is Chinese government American military suppliers of Kenyan army weapon mercenaries etc
The scenarios you are suggesting are that Kenya is a banana republic which no respect to rule of law and Ruto is a powerful Jesus who can do anything and nobody ask him and Uhuru are just nobodies..those things you are suggesting cannot happen because Ruto is going home come August.
How can you threaten me and I give you a panga or Ak47?Just how?
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:) you are right when you say Ruto cannot take advice from idiots like Pundit and Sudi.
Just came in from Mombasa and I saw Muturi amongst certain 3 P.S. They were picked as usual with highlevel escort.
Muturi is a good example of who politicians are . Not long ago he wss doing Uhurus dirty work including passing of BBI in parliament.
As a chameloen he changed colours when it suited him.
Uhuru and Ruto have no love lost. Once Ruto becomes president Uhuru will play his cards . Ruto wont touch Uhuru if he does he will have put himself in the same position and could face similar reprisal.
As for GEMA once Uhuru is out of power they will have served him their revenge. Just like Moi they will look else where for someone new to discipline.
Luo Nyanza hated Kibaki but once he was out they turned their hatred to Uhuru and were even praising Kibaki as a very good president unlike Uhuru. Thats the nature of Kenyan politics.
Dont bet on Uhuru not being touched. I think he will. What he did to Ruto will be hard to forgive.What he did to Gachagua - basically bankrupting and blocking his accounts. GEMA wants him touched. After Raila loses...his crew will also be bitter with him. Maybe he wont be criminally charged but he will be bankrupted.
We warned them to go slow on St.Mary Boys orders.
Now watakiona ofcourse Ruto wont touch Uhuru but all those Uhuru advisors they will know cha mtema kuni.
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1) KQ is going down - Uhuru has sustained it but it should have long be dead.
Kenya gov exposure is the guarantees worth 70B for the purchase of dreamliners through AfriExim & US Eximbank. The dreamliners are not owned by KQ - they are held by joint vehicles by AfriExim and US Eximbank - and KQ leases them. Those are things that people wrongly say is owned by Kenyattas - they are owned by AfriExim bank...Kenya GOV has little exposure and should have KILLED KQ LONG TIME IF NOT FOR STATE CAPTURE.
Therefore GoK will just tell the AfriExim & US EximBank to sell those planes and pay themselves. The balance kenya gov will pay if anything
It's cheaper than bailing it out every year at 25B.
Once KQ is down - debtors, staff, pension - will be paid - whatever remain will be shareholders to take. Kenya Gov will write off KQ. Kenya banks including Uhuru will have to write off.
The banks who have loan KQ will take their own hit. Uhuru's bank is the biggest loser here. He will take 10B - he has sustained KQ in hope it will recover some of that.
2) Timsales. Kenyatta forget about that. Small saw millers are going to be back in business. That nonsense by Tobiko will end. And timber will become available again.
3) Brookside. That will be broken down by Competition Authority of Kenya - Kenyattas will have to sell the dairies - and kenya gov will help set up small farmer own dairies - and will starve Kenyatta of milk.
4) Land. Kenyatta got that land through the 2 million settlement scheme set by the British gov. He is going to lose that land through a similar 2 million settlement scheme set by Ruto. In 1960s the target was white farmers - this time he is the target with other large land owners in coast, rift valley and central. Gov will just acquire the land compulsorily. He will get paid whatever the average of stamp duty for that area suggests. If he wants to complain..the high court is opened.
Power is not given. Power is Taken. Ruto is not asking Uhuru for power. He is taking it by FORCE. The power doesnt belong to Uhuru. The power is in the hand of millions of Kenya. That is why Ruto wakes up everyday to plead with kenyans to elect him. Once he has been elected - Uhuru will have no option but hand the sword - that Ruto will subsequently use it to severe his head - and serve it to the cheering Kenyans. His own people will celebrate his demise the most.
If he is a coward - he will leave the sword in statehouse - and run for exile. But I expect he will wait for his fate - Ruto will tell Gachagua to hold Uhuru kenyatta tightly - and bring down the sword. The body will be given to Mama Ngina. The head will be kept in Museum :)
This what happens - of course - it's not that macabre. But it going to be just as painful as the days of roman Kings. Nancy Gitau has run for his dear life.
(1) Kenya Airways NCBA is not the only lender to KQ It owes equity bank 5BN KCB I think 2BN and other banks.Which law is Ruto going use to refuse to pay NCBA and pay Equity?please table that law.Secondly,The kenyatta are the brokers of the individuals leasing Boeing planes to KQ,The new dream liners i think coasted 200BN,Are you implying that Ruto won't pay back Boeing their Money?
2) NCBA is not the only shareholder of Fuluza,You have safaricom which owns 40% and kCB 20% Foreign entities like Vodacom own 40% safaricom while GOK has 35% stake..same thing with KCB,So the government of Kenya will allow 100BN to go down the drain?BANKRUPT a Kenyan company for some useless emotions..I think you will have maybe Ruto tell NCBA to sell him a 10% stake and fuluza more to Kenyans.
3) There are not enough forests in Kenya nowadays that's why Uhuru is negotiating with Tsihshekedi to get a timber license with Raila in Congo forest..therefore you can take timsal3 license...nowadays they buy forest products from private individuals mostly while kenyatta have huge timber plantations to supply their companies they control whole supply chain in timber.. why have huge tracts of land and buy timber?
4) LAND-If Ruto takes Kenyatta land forcefully,He will have to reclaim all illegally taken land in Kenya from barracks airports statehouse Agricultural land etc that means he will dispossed people of their land including Moi all former TOO officials.
5) You are also suggesting he will go after all Military Security Police and Major infrastructural contracts Uhuru signed.that means he Will go after Chinese companies that is Chinese government American military suppliers of Kenyan army weapon mercenaries etc
The scenarios you are suggesting are that Kenya is a banana republic which no respect to rule of law and Ruto is a powerful Jesus who can do anything and nobody ask him and Uhuru are just nobodies..those things you are suggesting cannot happen because Ruto is going home come August.
How can you threaten me and I give you a panga or Ak47?Just how?
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Sudi advice Ruto. I dont. I inteprerate what Ruto will do based on what he says. I take his snippets - and make sense out of it. When Ruto says interest rate like Fuliza is killing people - he is targetting Kenyatta M-pesa capture. When he says 2 million settlement scheme similar to 1960s - he is not targeting white farmers - he is dealing with Uhuru first.
When Ruto says state capture is biggest threat....he is saying Kenyatta prepare I am coming for you. The last time someone talked of state capture - it was in South Africa.
Zuma is in prison. Guptas were nabbed recently in Dubai.
And that is the fate of Uhuru and his allies.
:) you are right when you say Ruto cannot take advice from idiots like Pundit and Sudi.
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In fact reading Ruto land settlement investment of 25B annually - it appears KQ bailing out annually - will be used to purchase land.
So kill two birds with one stone
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Gupta of South Africa left a huge fortune in South Africa and run. They were nabbed in Dubai and are being extradited back to South Africa to explain Zuma 10yrs of state capture
https://en.wikipedia.org/wiki/Gupta_family
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1) KQ is going down - Uhuru has sustained it but it should have long be dead.
Kenya gov exposure is the guarantees worth 70B for the purchase of dreamliners through AfriExim & US Eximbank. The dreamliners are not owned by KQ - they are held by joint vehicles by AfriExim and US Eximbank - and KQ leases them. Those are things that people wrongly say is owned by Kenyattas - they are owned by AfriExim bank...Kenya GOV has little exposure and should have KILLED KQ LONG TIME IF NOT FOR STATE CAPTURE.
Therefore GoK will just tell the AfriExim & US EximBank to sell those planes and pay themselves. The balance kenya gov will pay if anything
It's cheaper than bailing it out every year at 25B.
Once KQ is down - debtors, staff, pension - will be paid - whatever remain will be shareholders to take. Kenya Gov will write off KQ. Kenya banks including Uhuru will have to write off.
The banks who have loan KQ will take their own hit. Uhuru's bank is the biggest loser here. He will take 10B - he has sustained KQ in hope it will recover some of that.
2) Timsales. Kenyatta forget about that. Small saw millers are going to be back in business. That nonsense by Tobiko will end. And timber will become available again.
3) Brookside. That will be broken down by Competition Authority of Kenya - Kenyattas will have to sell the dairies - and kenya gov will help set up small farmer own dairies - and will starve Kenyatta of milk.
4) Land. Kenyatta got that land through the 2 million settlement scheme set by the British gov. He is going to lose that land through a similar 2 million settlement scheme set by Ruto. In 1960s the target was white farmers - this time he is the target with other large land owners in coast, rift valley and central. Gov will just acquire the land compulsorily. He will get paid whatever the average of stamp duty for that area suggests. If he wants to complain..the high court is opened.
Power is not given. Power is Taken. Ruto is not asking Uhuru for power. He is taking it by FORCE. The power doesnt belong to Uhuru. The power is in the hand of millions of Kenya. That is why Ruto wakes up everyday to plead with kenyans to elect him. Once he has been elected - Uhuru will have no option but hand the sword - that Ruto will subsequently use it to severe his head - and serve it to the cheering Kenyans. His own people will celebrate his demise the most.
If he is a coward - he will leave the sword in statehouse - and run for exile. But I expect he will wait for his fate - Ruto will tell Gachagua to hold Uhuru kenyatta tightly - and bring down the sword. The body will be given to Mama Ngina. The head will be kept in Museum :)
This what happens - of course - it's not that macabre. But it going to be just as painful as the days of roman Kings. Nancy Gitau has run for his dear life.
(1) Kenya Airways NCBA is not the only lender to KQ It owes equity bank 5BN KCB I think 2BN and other banks.Which law is Ruto going use to refuse to pay NCBA and pay Equity?please table that law.Secondly,The kenyatta are the brokers of the individuals leasing Boeing planes to KQ,The new dream liners i think coasted 200BN,Are you implying that Ruto won't pay back Boeing their Money?
2) NCBA is not the only shareholder of Fuluza,You have safaricom which owns 40% and kCB 20% Foreign entities like Vodacom own 40% safaricom while GOK has 35% stake..same thing with KCB,So the government of Kenya will allow 100BN to go down the drain?BANKRUPT a Kenyan company for some useless emotions..I think you will have maybe Ruto tell NCBA to sell him a 10% stake and fuluza more to Kenyans.
3) There are not enough forests in Kenya nowadays that's why Uhuru is negotiating with Tsihshekedi to get a timber license with Raila in Congo forest..therefore you can take timsal3 license...nowadays they buy forest products from private individuals mostly while kenyatta have huge timber plantations to supply their companies they control whole supply chain in timber.. why have huge tracts of land and buy timber?
4) LAND-If Ruto takes Kenyatta land forcefully,He will have to reclaim all illegally taken land in Kenya from barracks airports statehouse Agricultural land etc that means he will dispossed people of their land including Moi all former TOO officials.
5) You are also suggesting he will go after all Military Security Police and Major infrastructural contracts Uhuru signed.that means he Will go after Chinese companies that is Chinese government American military suppliers of Kenyan army weapon mercenaries etc
The scenarios you are suggesting are that Kenya is a banana republic which no respect to rule of law and Ruto is a powerful Jesus who can do anything and nobody ask him and Uhuru are just nobodies..those things you are suggesting cannot happen because Ruto is going home come August.
How can you threaten me and I give you a panga or Ak47?Just how?
NCBA makes over 10BN annual profit with hundreds of assets in billions..the 10BN lent to KQ was from 8 Banks so whatever you are saying doesn't make sense at all and its a small fragment of money..secondly GOK is Majority shareholder of KQ I think 48% while another 40% is Kenyan bank owned which pay tax to GOK..same as GOK is major shareholder in safaricom and kcb..telecoms and banks are major tax payers in Kenya how do you kill them?
Secondly Kenya forest cover is just 5% now..What license here now?The game of today now is private plantation or go to Congo forest.
Does GOK finance brookside?No GOK debt..It's willing buyer willing seller market dynamics..in fact kenyatta makes more money from selling Grass than brookside..if you want to kill it fine..just come take equipment..GOK doesn't get tax kill jobs etc.
You cannot take people's land by force some of that land has already been collaterised through bank loans with approved valuations therefore you cannot force your way...even Uhuru can't take weston hotel built on govt land...the moment you interfere with private property drug barons weapon mercenaries infrastructure loans...you Will be hounded out of statehouse like toothless dog.
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KQ is going down.I havent checked lately but what I know CBA exposure was highest at 7-8B - and now NIC - makes that 10B. It was converted to equity. Banks operate on margins - it get deposit from public - lend to public - and make money on those margins. Their capital is very small. If it loses 10B kshs it huge hit. I hope they have provisioned for it.
MPESA is going to be reformed.Ruto will knock out Fuliza if Kenyatta is unwilling to reduce the interest rate. Infact Ruto might just open the M-PESA API for all the banks to compete. You should ask Fuliza from cheapest bank. Safaricom should give you option...Fuliza from NCBA or Equity or from your SACCO...then M-pesa should automatically deduct it. Uhuru bank enjoys a strong coupling with M-pesa locking out other banks.
Market failure in dairy sector will be fixed. Kenyattas have bought off competition so they can MONOPOLIZE dairy sector. That is not right. We have Competition Authority that should ensure that never happened. Brookside will be BROKEN DOWN BY FORCE by Kenya Competition Authority.
Land that Kenyatta sale hay will be bought by NLC. The procedure is simple. NLC write a offer letter to Kenyatta. Kenyatta cannot reject it. If it disagree with land valuation report; it will go to court; and argue; I hope his file doesnt land in any of 5 judges he has harrased. If it land in Prof Ngugi desk :) - he is dead :). And pray somebody doesnt say the land was acquired illegally and ask Kenyattas to explain how they bought such insane amount of land.
Vitisho of drug lords and all - Ruto and Gachagua will have a whole battalion of police and army protecting them.
Your man Uhuru has a month to RUN or be finished. He has tried to finish Ruto and Gachagua and FAILED.
When he took Ruto's 1,000 acres of land in Ruai....Ruto took it in stride...when he expelled 20,000 kispigis with valid titles....evicted entire division in Mau...Ruto told them to relax...he will buy land and resettle them. They will be resettled in Kenyatta land pale Nakuru. Maasai already will take the Naivasha one.Taita Taveta will take theirs. Gachagua will bring Mau Mau families to settle in Kiambu.Coast Ruto told them to relax - power first - then we go for Kenyatta and fix COAST LAND ISSUE FOREVER.
Mambo ya Kenyatta IMEISHA. Mambo ya Moi IMEISHA.
Freedom is coming
NCBA makes over 10BN annual profit with hundreds of assets in billions..the 10BN lent to KQ was from 8 Banks so whatever you are saying doesn't make sense at all and its a small fragment of money..secondly GOK is Majority shareholder of KQ I think 48% while another 40% is Kenyan bank owned which pay tax to GOK..same as GOK is major shareholder in safaricom and kcb..telecoms and banks are major tax payers in Kenya how do you kill them?
Secondly Kenya forest cover is just 5% now..What license here now?The game of today now is private plantation or go to Congo forest.
Does GOK finance brookside?No GOK debt..It's willing buyer willing seller market dynamics..in fact kenyatta makes more money from selling Grass than brookside..if you want to kill it fine..just come take equipment..GOK doesn't get tax kill jobs etc.
You cannot take people's land by force some of that land has already been collaterised through bank loans with approved valuations therefore you cannot force your way...even Uhuru can't take weston hotel built on govt land...the moment you interfere with private property drug barons weapon mercenaries infrastructure loans...you Will be hounded out of statehouse like toothless dog.
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Kenya is not RSA - Mbeki didn't follow Mandela nyayo - he went to bed with big business. Zuma fired Mbeki - then got fired by Ramaphosa and jailed. Different world where power fights are within ANC factions.
Ruto needs to win first - go slow on hubris - then fuata nyayo za Uhuru. He will just take over the contracts - SGR, etc - it will be like Kibaki vs Moi.
Ati Ruto will bankrupt Kenyatta and Moi :o unaota mchana. Even Biden will not touch Trump - just form a useless commission to taint his name and win midterms.
Ditto Raila.
Sudi advice Ruto. I dont. I inteprerate what Ruto will do based on what he says. I take his snippets - and make sense out of it. When Ruto says interest rate like Fuliza is killing people - he is targetting Kenyatta M-pesa capture. When he says 2 million settlement scheme similar to 1960s - he is not targeting white farmers - he is dealing with Uhuru first.
When Ruto says state capture is biggest threat....he is saying Kenyatta prepare I am coming for you. The last time someone talked of state capture - it was in South Africa.
Zuma is in prison. Guptas were nabbed recently in Dubai.
And that is the fate of Uhuru and his allies.
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The only guarantee is Ruto would be the richest oligarch in 20 years - after extending his term. He is not Mugabe or Bashir idiot who thought they would be president for life then get overthrown.
Lakini WIN FIRST - halafu talk power. You and idiots like Ndii would just be blocked by Ruto. As he meet Uhuru and Raila to crack old jokes.
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RV , Kichwa ngumu. Kenya Government is the Gurantor of the loans KQ took for the bail out . In addition it reached a level where Kenyan Government started bailing out KQ directly.
RV confuses Bail out with Aircraft Leasing. 2 different entities.
However the big junk of bail out monies goes to pay the lease charges.
If RV was diligent enough he would google further and learn to listen. Shida ujuaji mwingi......
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First time in history Im agreeing with Robina.
Uhuru Raila handshake to many people was impossible. I knew they were personal family friends but didnt expect Uhuru to make him a Co President. This is also the reason unlike 2018 wont be that dissapointed if Ruto after winning Presidency starts working together with Raila. These politicians are neighbours, family friends and most important for them is interests first.
Raila has always managed to sneak in all Governments , In Mois time they called it Co-operation, In Kibakis time Grand Coalition , In Uhurus time Handshake ,In Rutos time they will come with a new political arrangement/terminology.
The only guarantee is Ruto would be the richest oligarch in 20 years - after extending his term. He is not Mugabe or Bashir idiot who thought they would be president for life then get overthrown.
Lakini WIN FIRST - halafu talk power. You and idiots like Ndii would just be blocked by Ruto. As he meet Uhuru and Raila to crack old jokes.
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You're an idiot my friend. Study these things. Then engage me. KQ had no money to buy dreamliner. It approach US eximbank for 1 or 2 planes....and Afriexim bank for other planes...first thing they get kenya gov guranteees....second layer...they insist the planes be registered in some islands...jointly..and leased to KQ....until it pay off..
RV , Kichwa ngumu. Kenya Government is the Gurantor of the loans KQ took for the bail out . In addition it reached a level where Kenyan Government started bailing out KQ directly.
RV confuses Bail out with Aircraft Leasing. 2 different entities.
However the big junk of bail out monies goes to pay the lease charges.
If RV was diligent enough he would google further and learn to listen. Shida ujuaji mwingi......
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Apart from RVHH who is family to Ruto; I think I should get PHD in Rutology. You dont know Ruto. I know him. Ruto is no joke. He crushes anything on his path. Expecting Ruto to cooperate is insanity. Ruto will send Sudi to Raila. Take a billion sh...go to bondo..dont ever raise your head..and that is it.
Ruto doesnt give you a second chance. Raila will take a billion shs and go home.
And then the music wills start.
Ask RV politicians...Ruto is nice and all that...but once he has decided youre the enemy youre dead.
Ruto is able to get stuff done because people know he doesnt joke...do you hear ngweeeeeeeeeeeh in rv!!!!!!!!!!!! Ruto is fair, listen, accomodate, debate, take his time, allow for long debate..call people for debate..but once the decision has been made...he moves likes cheetah..or a lion...or an elephant..crushing anything on his path.
Most of you dont know Ruto. Please listen to RVHH.
Uhuru and Gideon will not get any offer...they will be crushed. Raila will get an offer delivered by Sudi. Raila will be given money and his kids will even get jobs. Ruto doesnt hate Raila that much. He despise him. He sees him more as an idiot.
First time in history Im agreeing with Robina.
Uhuru Raila handshake to many people was impossible. I knew they were personal family friends but didnt expect Uhuru to make him a Co President. This is also the reason unlike 2018 wont be that dissapointed if Ruto after winning Presidency starts working together with Raila. These politicians are neighbours, family friends and most important for them is interests first.
Raila has always managed to sneak in all Governments , In Mois time they called it Co-operation, In Kibakis time Grand Coalition , In Uhurus time Handshake ,In Rutos time they will come with a new political arrangement/terminology.
The only guarantee is Ruto would be the richest oligarch in 20 years - after extending his term. He is not Mugabe or Bashir idiot who thought they would be president for life then get overthrown.
Lakini WIN FIRST - halafu talk power. You and idiots like Ndii would just be blocked by Ruto. As he meet Uhuru and Raila to crack old jokes.
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RV to be honest you dont know anything about aviation and for that matter KQ. Continue to google.
You're an idiot my friend. Study these things. Then engage me. KQ had no money to buy dreamliner. It approach US eximbank for 1 or 2 planes....and Afriexim bank for other planes...first thing they get kenya gov guranteees....second layer...they insist the planes be registered in some islands...jointly..and leased to KQ....until it pay off..
RV , Kichwa ngumu. Kenya Government is the Gurantor of the loans KQ took for the bail out . In addition it reached a level where Kenyan Government started bailing out KQ directly.
RV confuses Bail out with Aircraft Leasing. 2 different entities.
However the big junk of bail out monies goes to pay the lease charges.
If RV was diligent enough he would google further and learn to listen. Shida ujuaji mwingi......
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This is finance. It not about aviation. No pilot was involved except in choosing the dreamliners. Afrieximbank - by Africa dev bank - funded the purchase - and kept the logbook - planes are leased to KQ until it pays off - then they get ownership.
RV to be honest you dont know anything about aviation and for that matter KQ. Continue to google.
You're an idiot my friend. Study these things. Then engage me. KQ had no money to buy dreamliner. It approach US eximbank for 1 or 2 planes....and Afriexim bank for other planes...first thing they get kenya gov guranteees....second layer...they insist the planes be registered in some islands...jointly..and leased to KQ....until it pay off..
RV , Kichwa ngumu. Kenya Government is the Gurantor of the loans KQ took for the bail out . In addition it reached a level where Kenyan Government started bailing out KQ directly.
RV confuses Bail out with Aircraft Leasing. 2 different entities.
However the big junk of bail out monies goes to pay the lease charges.
If RV was diligent enough he would google further and learn to listen. Shida ujuaji mwingi......
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Ruto is a politician. Back in mid 2000s he was all up in a war against Kibaki only for him to ride in the same Presidential Limousine later with Kibaki.
Politicians have a way of forgiving each other . They always go agsinst Bureacrats .
In 2007 Ruto and Uhuru were not in talking terms but months later formed KK.
One good case is Waiguru and Ruto . Twice they have crossed each other paths but right now they are together . Ngirici even claiming Ruto wanted her to stop her Governorship bid in favour of Waiguru.
You can claim you know Ruto but the truth of the matter is there for people to see.
Take for example Moi and Ruto. They sworn enemies late 90s became best friends . Then in 2007 became enemies again by 2018 Ruto was looking for all manners of appointment with Moi.
I dont support Uhuru and what he did to Ruto in second term but One thing is for sure Ruto and Uhuru post Aug 2022 will mend their relationship. Thats certain.
Apart from RVHH who is family to Ruto; I think I should get PHD in Rutology. You dont know Ruto. I know him. Ruto is no joke. He crushes anything on his path. Expecting Ruto to cooperate is insanity. Ruto will send Sudi to Raila. Take a billion sh...go to bondo..dont ever raise your head..and that is it.
Ruto doesnt give you a second chance. Raila will take a billion shs and go home.
And then the music wills start.
Ask RV politicians...Ruto is nice and all that...but once he has decided youre the enemy youre dead.
Ruto is able to get stuff done because people know he doesnt joke...do you hear ngweeeeeeeeeeeh in rv!!!!!!!!!!!! Ruto is fair, listen, accomodate, debate, take his time, allow for long debate..call people for debate..but once the decision has been made...he moves likes cheetah..or a lion...or an elephant..crushing anything on his path.
Most of you dont know Ruto. Please listen to RVHH.
Uhuru and Gideon will not get any offer...they will be crushed. Raila will get an offer delivered by Sudi. Raila will be given money and his kids will even get jobs. Ruto doesnt hate Raila that much. He despise him. He sees him more as an idiot.
First time in history Im agreeing with Robina.
Uhuru Raila handshake to many people was impossible. I knew they were personal family friends but didnt expect Uhuru to make him a Co President. This is also the reason unlike 2018 wont be that dissapointed if Ruto after winning Presidency starts working together with Raila. These politicians are neighbours, family friends and most important for them is interests first.
Raila has always managed to sneak in all Governments , In Mois time they called it Co-operation, In Kibakis time Grand Coalition , In Uhurus time Handshake ,In Rutos time they will come with a new political arrangement/terminology.
The only guarantee is Ruto would be the richest oligarch in 20 years - after extending his term. He is not Mugabe or Bashir idiot who thought they would be president for life then get overthrown.
Lakini WIN FIRST - halafu talk power. You and idiots like Ndii would just be blocked by Ruto. As he meet Uhuru and Raila to crack old jokes.
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Sawa. There is a whole thread discussing this matter.
The more you go on blubbering on this matter the more it proves you have no idea on aviation.
This is finance. It not about aviation. No pilot was involved except in choosing the dreamliners. Afrieximbank - by Africa dev bank - funded the purchase - and kept the logbook - planes are leased to KQ until it pays off - then they get ownership.
RV to be honest you dont know anything about aviation and for that matter KQ. Continue to google.
You're an idiot my friend. Study these things. Then engage me. KQ had no money to buy dreamliner. It approach US eximbank for 1 or 2 planes....and Afriexim bank for other planes...first thing they get kenya gov guranteees....second layer...they insist the planes be registered in some islands...jointly..and leased to KQ....until it pay off..
RV , Kichwa ngumu. Kenya Government is the Gurantor of the loans KQ took for the bail out . In addition it reached a level where Kenyan Government started bailing out KQ directly.
RV confuses Bail out with Aircraft Leasing. 2 different entities.
However the big junk of bail out monies goes to pay the lease charges.
If RV was diligent enough he would google further and learn to listen. Shida ujuaji mwingi......
-
Purchasing planes is not aviation.It's financing. Flying them is aviation. The planes were bought for 70B or about...financed by EximBanks...registered in some island like ships..until it's fully paid. KQ in meantime leases them...though it own them technically. Sometimes it leases them out.
Sawa. There is a whole thread discussing this matter.
The more you go on blubbering on this matter the more it proves you have no idea on aviation.
This is finance. It not about aviation. No pilot was involved except in choosing the dreamliners. Afrieximbank - by Africa dev bank - funded the purchase - and kept the logbook - planes are leased to KQ until it pays off - then they get ownership.
RV to be honest you dont know anything about aviation and for that matter KQ. Continue to google.
You're an idiot my friend. Study these things. Then engage me. KQ had no money to buy dreamliner. It approach US eximbank for 1 or 2 planes....and Afriexim bank for other planes...first thing they get kenya gov guranteees....second layer...they insist the planes be registered in some islands...jointly..and leased to KQ....until it pay off..
RV , Kichwa ngumu. Kenya Government is the Gurantor of the loans KQ took for the bail out . In addition it reached a level where Kenyan Government started bailing out KQ directly.
RV confuses Bail out with Aircraft Leasing. 2 different entities.
However the big junk of bail out monies goes to pay the lease charges.
If RV was diligent enough he would google further and learn to listen. Shida ujuaji mwingi......
-
i believe lots of kickbacks were long pocketed in the harebrained KQ Vision Mawingu. Billions were paid out on fishy projections - the bailouts are just small topup. Yaani the dozens Dreamliners are liabilities instead of assets :o - MJ was brought in to launder Uhuru cash - by renegotiating with Exim & Boeing to restructure the loans.
Ndii was onto them from day one.
Purchasing planes is not aviation.It's financing. Flying them is aviation. The planes were bought for 70B or about...financed by EximBanks...registered in some island like ships..until it's fully paid. KQ in meantime leases them...though it own them technically. Sometimes it leases them out.
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Uhuru long took his cut in KQ - just like SGR. Bailout or duty-free shop is opex budget. He is a thief not a fool.
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NCBA is biggest shareholder amongst the banks - who were forced - to own KQ
Uhuru long took his cut in KQ - just like SGR. Bailout or duty-free shop is opex budget. He is a thief not a fool.
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Most of planes were financed by ADB 's AfriEximBank..KQ has been "leasing"...10yrs later..they should be on a part to owning them.
i believe lots of kickbacks were long pocketed in the harebrained KQ Vision Mawingu. Billions were paid out on fishy projections - the bailouts are just small topup. Yaani the dozens Dreamliners are liabilities instead of assets :o - MJ was brought in to launder Uhuru cash - by renegotiating with Exim & Boeing to restructure the loans.
Ndii was onto them from day one.
Purchasing planes is not aviation.It's financing. Flying them is aviation. The planes were bought for 70B or about...financed by EximBanks...registered in some island like ships..until it's fully paid. KQ in meantime leases them...though it own them technically. Sometimes it leases them out.
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I keep wondering why he keeps sinking into further stupidity!! He has no clue what he is discussing here and the whole subject around the KQ aircraft wet leases... and also the sovereign guarantees thereto. The other day he was here talking about DEA coming for sijui who... obviously clueless that DEA is drug enforcement!!
Meantime, any succeeding government inherits the contracts and treaties entered into by the predecessor unless we want to get ourselves into numerous contract breaches which would be much more expensive than running the contract to term.... case in point, the expensive IPP’s.
We are dead with all these onerous one-sided contracts we have signed during the Jubilee regime including the SGR, the sparkling new Motorway 🛣 etc...
RV to be honest you dont know anything about aviation and for that matter KQ. Continue to google.
You're an idiot my friend. Study these things. Then engage me. KQ had no money to buy dreamliner. It approach US eximbank for 1 or 2 planes....and Afriexim bank for other planes...first thing they get kenya gov guranteees....second layer...they insist the planes be registered in some islands...jointly..and leased to KQ....until it pay off..
RV , Kichwa ngumu. Kenya Government is the Gurantor of the loans KQ took for the bail out . In addition it reached a level where Kenyan Government started bailing out KQ directly.
RV confuses Bail out with Aircraft Leasing. 2 different entities.
However the big junk of bail out monies goes to pay the lease charges.
If RV was diligent enough he would google further and learn to listen. Shida ujuaji mwingi......
-
Apart from the useless insults - you havent provided any info.
The gov exposure in KQ is very limited - because those planes were never really transferred to KQ. It secured loan. They will only come for GoK if after selling them - we still owe them.
We are only keeping KQ alive because Uhuru kenyattas NCBA 10B
Otherwise we should long have killed it.
https://www.standardmedia.co.ke/business/news/article/2001320411/kenya-airways-lifts-lid-on-financiers-of-their-controversial-aircrafts
I keep wondering why he keeps sinking into further stupidity!! He has no clue what he is discussing here and the whole subject around the KQ aircraft wet leases... and also the sovereign guarantees thereto. The other day he was here talking about DEA coming for sijui who... obviously clueless that DEA is drug enforcement!!
Meantime, any succeeding government inherits the contracts and treaties entered into by the predecessor unless we want to get ourselves into numerous contract breaches which would be much more expensive than running the contract to term.... case in point, the expensive IPP’s.
We are dead with all these onerous one-sided contracts we have signed during the Jubilee regime including the SGR, the sparkling new Motorway 🛣 etc...
RV to be honest you dont know anything about aviation and for that matter KQ. Continue to google.
You're an idiot my friend. Study these things. Then engage me. KQ had no money to buy dreamliner. It approach US eximbank for 1 or 2 planes....and Afriexim bank for other planes...first thing they get kenya gov guranteees....second layer...they insist the planes be registered in some islands...jointly..and leased to KQ....until it pay off..
RV , Kichwa ngumu. Kenya Government is the Gurantor of the loans KQ took for the bail out . In addition it reached a level where Kenyan Government started bailing out KQ directly.
RV confuses Bail out with Aircraft Leasing. 2 different entities.
However the big junk of bail out monies goes to pay the lease charges.
If RV was diligent enough he would google further and learn to listen. Shida ujuaji mwingi......
-
i believe lots of kickbacks were long pocketed in the harebrained KQ Vision Mawingu. Billions were paid out on fishy projections - the bailouts are just small topup. Yaani the dozens Dreamliners are liabilities instead of assets :o - MJ was brought in to launder Uhuru cash - by renegotiating with Exim & Boeing to restructure the loans.
Ndii was onto them from day one.
Purchasing planes is not aviation.It's financing. Flying them is aviation. The planes were bought for 70B or about...financed by EximBanks...registered in some island like ships..until it's fully paid. KQ in meantime leases them...though it own them technically. Sometimes it leases them out.
I think it's very simple..
1) Project project Mawingu was about buying I think 10 Boeing 787 planes at $2BN USD...I think somebody cashed out his $200MN USD kickback and left KQ to sink.
2) Who provides insurance to KQ?
Who sells Fuel to KQ?
Who sells Spare parts to KQ?
Who sells food to KQ?
3) When the government gives KQ 25BN annually...It's paying supplier of DEBT PARTS INSURANCE FOOD..I think majority of these suppliers are Kenyattas.Maybe Raila is the one who supplies fuel...I don't know.
In the event Ruto become a president..He will continue with this cartel,He cannot kill KQ he can only change suppliers from kenyatta to Nick Ruto not a foolish blogger.If Uhuru and Raila agree to give him peace he leaves the 50%.
-
Apart from the useless insults - you havent provided any info.
The gov exposure in KQ is very limited - because those planes were never really transferred to KQ. It secured loan. They will only come for GoK if after selling them - we still owe them.
We are only keeping KQ alive because Uhuru kenyattas NCBA 10B
Otherwise we should long have killed it.
https://www.standardmedia.co.ke/business/news/article/2001320411/kenya-airways-lifts-lid-on-financiers-of-their-controversial-aircrafts
I keep wondering why he keeps sinking into further stupidity!! He has no clue what he is discussing here and the whole subject around the KQ aircraft wet leases... and also the sovereign guarantees thereto. The other day he was here talking about DEA coming for sijui who... obviously clueless that DEA is drug enforcement!!
Meantime, any succeeding government inherits the contracts and treaties entered into by the predecessor unless we want to get ourselves into numerous contract breaches which would be much more expensive than running the contract to term.... case in point, the expensive IPP’s.
We are dead with all these onerous one-sided contracts we have signed during the Jubilee regime including the SGR, the sparkling new Motorway 🛣 etc...
RV to be honest you dont know anything about aviation and for that matter KQ. Continue to google.
You're an idiot my friend. Study these things. Then engage me. KQ had no money to buy dreamliner. It approach US eximbank for 1 or 2 planes....and Afriexim bank for other planes...first thing they get kenya gov guranteees....second layer...they insist the planes be registered in some islands...jointly..and leased to KQ....until it pay off..
RV , Kichwa ngumu. Kenya Government is the Gurantor of the loans KQ took for the bail out . In addition it reached a level where Kenyan Government started bailing out KQ directly.
RV confuses Bail out with Aircraft Leasing. 2 different entities.
However the big junk of bail out monies goes to pay the lease charges.
If RV was diligent enough he would google further and learn to listen. Shida ujuaji mwingi......
Uhuru has borrowed KES 6 Trillion since he took power in 2013.That means his bank account are somewhere about $5BN USD,What is $100MN to him?
He can just set up a company in Hong Kong with a Mzungu CEO like biwott used to do and bailout NCBA.
-
Do proper research. Mawingu project was abanonded midstream when KQ got into fuel hedging problems. The loan they took is about 700M.
i believe lots of kickbacks were long pocketed in the harebrained KQ Vision Mawingu. Billions were paid out on fishy projections - the bailouts are just small topup. Yaani the dozens Dreamliners are liabilities instead of assets :o - MJ was brought in to launder Uhuru cash - by renegotiating with Exim & Boeing to restructure the loans.
Ndii was onto them from day one.
Purchasing planes is not aviation.It's financing. Flying them is aviation. The planes were bought for 70B or about...financed by EximBanks...registered in some island like ships..until it's fully paid. KQ in meantime leases them...though it own them technically. Sometimes it leases them out.
I think it's very simple..
1) Project project Mawingu was about buying I think 10 Boeing 787 planes at $2BN USD...I think somebody cashed out his $200MN USD kickback and left KQ to sink.
2) Who provides insurance to KQ?
Who sells Fuel to KQ?
Who sells Spare parts to KQ?
Who sells food to KQ?
3) When the government gives KQ 25BN annually...It's paying supplier of DEBT PARTS INSURANCE FOOD..I think majority of these suppliers are Kenyattas.Maybe Raila is the one who supplies fuel...I don't know.
In the event Ruto become a president..He will continue with this cartel,He cannot kill KQ he can only change suppliers from kenyatta to Nick Ruto not a foolish blogger.If Uhuru and Raila agree to give him peace he leaves the 50%.
-
Do proper research. Mawingu project was abanonded midstream when KQ got into fuel hedging problems. The loan they took is about 700M.
i believe lots of kickbacks were long pocketed in the harebrained KQ Vision Mawingu. Billions were paid out on fishy projections - the bailouts are just small topup. Yaani the dozens Dreamliners are liabilities instead of assets :o - MJ was brought in to launder Uhuru cash - by renegotiating with Exim & Boeing to restructure the loans.
Ndii was onto them from day one.
Purchasing planes is not aviation.It's financing. Flying them is aviation. The planes were bought for 70B or about...financed by EximBanks...registered in some island like ships..until it's fully paid. KQ in meantime leases them...though it own them technically. Sometimes it leases them out.
I think it's very simple..
1) Project project Mawingu was about buying I think 10 Boeing 787 planes at $2BN USD...I think somebody cashed out his $200MN USD kickback and left KQ to sink.
2) Who provides insurance to KQ?
Who sells Fuel to KQ?
Who sells Spare parts to KQ?
Who sells food to KQ?
3) When the government gives KQ 25BN annually...It's paying supplier of DEBT PARTS INSURANCE FOOD..I think majority of these suppliers are Kenyattas.Maybe Raila is the one who supplies fuel...I don't know.
In the event Ruto become a president..He will continue with this cartel,He cannot kill KQ he can only change suppliers from kenyatta to Nick Ruto not a foolish blogger.If Uhuru and Raila agree to give him peace he leaves the 50%.
If it's the case...somebody still made his 5BN Cut.
-
Of course Naikuni and his guys made money.
If it's the case...somebody still made his 5BN Cut.
-
https://nipate.net/index.php?topic=8769.new#new
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When you hear someone saying KQ acquisation of the Aircrafts was through sovereign gurantees and Kenya Govt were giving the gurantees . Then you know he doesnt understand the complex web of Aircraft acqusation.
To help him he needs to read this report to first have an idea how aircraft financing is done.
https://img.exim.gov/s3fs-public/oig/reports/FINAL%20-%20Inspection%20Report%20KQ%20-%2009262018_Redacted.pdf
I keep wondering why he keeps sinking into further stupidity!! He has no clue what he is discussing here and the whole subject around the KQ aircraft wet leases... and also the sovereign guarantees thereto. The other day he was here talking about DEA coming for sijui who... obviously clueless that DEA is drug enforcement!!
Meantime, any succeeding government inherits the contracts and treaties entered into by the predecessor unless we want to get ourselves into numerous contract breaches which would be much more expensive than running the contract to term.... case in point, the expensive IPP’s.
We are dead with all these onerous one-sided contracts we have signed during the Jubilee regime including the SGR, the sparkling new Motorway 🛣 etc...
RV to be honest you dont know anything about aviation and for that matter KQ. Continue to google.
You're an idiot my friend. Study these things. Then engage me. KQ had no money to buy dreamliner. It approach US eximbank for 1 or 2 planes....and Afriexim bank for other planes...first thing they get kenya gov guranteees....second layer...they insist the planes be registered in some islands...jointly..and leased to KQ....until it pay off..
RV , Kichwa ngumu. Kenya Government is the Gurantor of the loans KQ took for the bail out . In addition it reached a level where Kenyan Government started bailing out KQ directly.
RV confuses Bail out with Aircraft Leasing. 2 different entities.
However the big junk of bail out monies goes to pay the lease charges.
If RV was diligent enough he would google further and learn to listen. Shida ujuaji mwingi......
-
You're saying nothing. You link to a thread where you said nothing.
If you cannot explain something using PLAIN ENGLISH - then you know nothing regarding the topic.
US Exim Bank, AfriExim Bank, CitiBank and Stanchart Bank financed the purchase of KQ jets.
They also got the gov of Kenya to guarantee it.
And they also did not transfer the ownership of jets to Kenya Airways as the loan is charged to them.
They are jointly owned by KQ and the financiers in small islands to protect them from being seized by any tom dick and harry who has issue with Kenya gov.
Like those TZ jets that have been seized in South Africa and Canada.
The same way ships are registered in small islands
Those small islands - are not exclusively meant for criminal activities - they are there to protect international trade like airlines and shipping.
Those planes are then "leased" to KQ and sometimes other airlines...leasing money going to service the loan.
KQ will take full ownership once it repay the loan if ever.
If Kenya gov and banks who own KQ decide to kill KQ.
Then financiers will sell the planes...deduct the balances...and give KQ any remaining proceeds.
If they are not sufficient..Kenya gov will pay the balances.
When you hear someone saying KQ acquisation of the Aircrafts was through sovereign gurantees and Kenya Govt were giving the gurantees . Then you know he doesnt understand the complex web of Aircraft acqusation.
To help him he needs to read this report to first have an idea how aircraft financing is done.
https://img.exim.gov/s3fs-public/oig/reports/FINAL%20-%20Inspection%20Report%20KQ%20-%2009262018_Redacted.pdf
-
Good that after fuether reading you have expanded banks from Exim to Citibank, AfroExim , Standchart continue to JP Morgan and Wells Fargo.
Now can you quote from the article where it says Kenyan Govt guranteed the loans of the Aircraft acquisations..
You're saying nothing. You link to a thread where you said nothing.
If you cannot explain something using PLAIN ENGLISH - then you know nothing regarding the topic.
US Exim Bank, AfriExim Bank, CitiBank and Stanchart Bank financed the purchase of KQ jets.
They also got the gov of Kenya to guarantee it.
And they also did not transfer the ownership of jets to Kenya.
They are jointly owned by KQ and the financiers in small islands to protect them from being seized by any tom dick and harry who has issue with Kenya gov.
Like those TZ jets that have been seized in South Africa and Canada.
The same way ships are registered in small islands
Those small islands - are not exclusively meant for criminal activities - they are there to protect international trade like airlines and shipping.
Those planes are then "leased" to KQ.
KQ will take full ownership once it repay the loan if ever.
If Kenya gov and banks who own KQ decide to kill KQ.
Then financiers will sell the planes...deduct the balances...and give KQ any proceeds.
If they are not sufficient..Kenya gov will pay the balances.
When you hear someone saying KQ acquisation of the Aircrafts was through sovereign gurantees and Kenya Govt were giving the gurantees . Then you know he doesnt understand the complex web of Aircraft acqusation.
To help him he needs to read this report to first have an idea how aircraft financing is done.
https://img.exim.gov/s3fs-public/oig/reports/FINAL%20-%20Inspection%20Report%20KQ%20-%2009262018_Redacted.pdf
-
Those are details.
This how planes are always bought.
KQ approaches international banks - who finance the purchase - be it from Boeing or Embarer.
These are secured loans charged to the jets....with treasury providing gurantees.
The jets are registered in small island - jointly with the financiers.
KQ then "leases" the planes until it's full paid.
Those special purpose vehicles companies are then deregistered and the planes are now owned by KQ.
KQ then stops leasing the planes.
Where does Kenyatta come in? Because these SPVS are in small tax or wealth heavens?
Good that after fuether reading you have expanded banks from Exim to Citibank, AfroExim , Standchart continue to JP Morgan and Wells Fargo.
Now can you quote from the article where it says Kenyan Govt guranteed the loans of the Aircraft acquisations..
-
And please understand the role of EximBank - they just facilitate international trade - by issuing LOC- and handling soverign gurantees. The real financiers are the international banks.
Good that after fuether reading you have expanded banks from Exim to Citibank, AfroExim , Standchart continue to JP Morgan and Wells Fargo.
Now can you quote from the article where it says Kenyan Govt guranteed the loans of the Aircraft acquisations..
-
I asked a simple question
Now can you quote from the article where it says Kenyan Govt guranteed the loans of the Aircraft acquisations..
What do you understand by this ?
Transaction Structure
As a standard asset?based financing without a sovereign guarantee, the 2014 KQ
transaction was structured using a special purpose company (SPC) and finance lease.
Figure 1 below includes an illustration of an EXIM finance lease structure for aircraft
transactions.17 As the SPC, Tsavo Aircraft Financing LLC (Tsavo) as obligor owns and leases
the EXIM guaranteed aircraft to KQ pursuant to 12?year asset?backed finance leases with
straight?line amortization. The primary source of repayment (PSOR) for the transaction is
the cash flow generation of the Lessee, KQ, which makes lease payments to the borrower
Lessor, Tsavo. The secondary or supporting source of repayment is the residual value of the
secured aircraft as measured by the loan to value ratio.
JP Morgan Chase and Citigroup Global Markets, Inc. were the EXIM guaranteed lenders
under the 2014 transaction. Wells Fargo Bank served as the security trustee of the EXIM
guarantee. The African Export?Import Bank provided subordinated financing for the
portion of the aircraft price and acquisition fees not supported by the EXIM guaranteed financing.
Those are details.
This how planes are always bought.
KQ approaches international banks - who finance the purchase - be it from Boeing or Embarer.
These are secured loans charged to the jets....with treasury providing gurantees.
The jets are registered in small island - jointly with the financiers.
KQ then "leases" the planes until it's full paid.
Those special purpose vehicles companies are then deregistered and the planes are now owned by KQ.
KQ then stops leasing the planes.
Where does Kenyatta come in? Because these SPVS are in small tax or wealth heavens?
Good that after fuether reading you have expanded banks from Exim to Citibank, AfroExim , Standchart continue to JP Morgan and Wells Fargo.
Now can you quote from the article where it says Kenyan Govt guranteed the loans of the Aircraft acquisations..
-
Good that you now understand their role after reading the article . A clear climb down from your previous insinuations .
And please understand the role of EximBank - they just facilitate international trade - by issuing LOC- and handling soverign gurantees. The real financiers are the international banks.
Good that after fuether reading you have expanded banks from Exim to Citibank, AfroExim , Standchart continue to JP Morgan and Wells Fargo.
Now can you quote from the article where it says Kenyan Govt guranteed the loans of the Aircraft acquisations..
-
You're looping.
You point is that Uhuru owns the planes not financier.
Your evidence is donge? hakuna? null and void
Good that you now understand their role after reading the article . A clear climb down from your previous insinuations .
And please understand the role of EximBank - they just facilitate international trade - by issuing LOC- and handling soverign gurantees. The real financiers are the international banks.
Good that after fuether reading you have expanded banks from Exim to Citibank, AfroExim , Standchart continue to JP Morgan and Wells Fargo.
Now can you quote from the article where it says Kenyan Govt guranteed the loans of the Aircraft acquisations..
-
You are evading the question. You need to answer it and you will realise how complex web of transaction is .
If Kenyan Govt didnt provide gurantees , who did ? There you have you answers.....You need to go back to First 737-300s through Simba SPV. There another prominent family also featured.
You're looping.
You point is that Uhuru owns the planes not financier.
Your evidence is donge? hakuna? null and void
Good that you now understand their role after reading the article . A clear climb down from your previous insinuations .
And please understand the role of EximBank - they just facilitate international trade - by issuing LOC- and handling soverign gurantees. The real financiers are the international banks.
Good that after fuether reading you have expanded banks from Exim to Citibank, AfroExim , Standchart continue to JP Morgan and Wells Fargo.
Now can you quote from the article where it says Kenyan Govt guranteed the loans of the Aircraft acquisations..
-
Nonsense. Uber nonsense. Provide answers. This is anonymous forum.
You are evading the question. You need to answer it and you will realise how complex web of transaction is .
If Kenyan Govt didnt provide gurantees , who did ? There you have you answers.....You need to go back to First 737-300s through Simba SPV. There another prominent family also featured.
You're looping.
You point is that Uhuru owns the planes not financier.
Your evidence is donge? hakuna? null and void
Good that you now understand their role after reading the article . A clear climb down from your previous insinuations .
And please understand the role of EximBank - they just facilitate international trade - by issuing LOC- and handling soverign gurantees. The real financiers are the international banks.
Good that after fuether reading you have expanded banks from Exim to Citibank, AfroExim , Standchart continue to JP Morgan and Wells Fargo.
Now can you quote from the article where it says Kenyan Govt guranteed the loans of the Aircraft acquisations..
-
Can you answer the question I tabled.
Nonsense. Uber nonsense. Provide answers. This is anonymous forum.
You are evading the question. You need to answer it and you will realise how complex web of transaction is .
If Kenyan Govt didnt provide gurantees , who did ? There you have you answers.....You need to go back to First 737-300s through Simba SPV. There another prominent family also featured.
You're looping.
You point is that Uhuru owns the planes not financier.
Your evidence is donge? hakuna? null and void
Good that you now understand their role after reading the article . A clear climb down from your previous insinuations .
And please understand the role of EximBank - they just facilitate international trade - by issuing LOC- and handling soverign gurantees. The real financiers are the international banks.
Good that after fuether reading you have expanded banks from Exim to Citibank, AfroExim , Standchart continue to JP Morgan and Wells Fargo.
Now can you quote from the article where it says Kenyan Govt guranteed the loans of the Aircraft acquisations..
-
Which question. Stop wasting my time with link - sending me in a wild goose chase. You have no facts. Just bla de bla. Kenyatta do not own jets leased to KQ. Their main interest is the 10B they loaned to KQ.
Can you answer the question I tabled.
-
I asked a simple question
Now can you quote from the article where it says Kenyan Govt guranteed the loans of the Aircraft acquisations..
What do you understand by this ?
Transaction Structure
As a standard asset?based financing without a sovereign guarantee, the 2014 KQ
transaction was structured using a special purpose company (SPC) and finance lease.
Figure 1 below includes an illustration of an EXIM finance lease structure for aircraft
transactions.17 As the SPC, Tsavo Aircraft Financing LLC (Tsavo) as obligor owns and leases
the EXIM guaranteed aircraft to KQ pursuant to 12?year asset?backed finance leases with
straight?line amortization. The primary source of repayment (PSOR) for the transaction is
the cash flow generation of the Lessee, KQ, which makes lease payments to the borrower
Lessor, Tsavo. The secondary or supporting source of repayment is the residual value of the
secured aircraft as measured by the loan to value ratio.
JP Morgan Chase and Citigroup Global Markets, Inc. were the EXIM guaranteed lenders
under the 2014 transaction. Wells Fargo Bank served as the security trustee of the EXIM
guarantee. The African Export?Import Bank provided subordinated financing for the
portion of the aircraft price and acquisition fees not supported by the EXIM guaranteed financing.
Which question. Stop wasting my time with link - sending me in a wild goose chase. You have no facts. Just bla de bla. Kenyatta do not own jets leased to KQ. Their main interest is the 10B they loaned to KQ.
Can you answer the question I tabled.
-
Go to the treasury public debt register- look for EXIM Bank under SOE debt gurantees.
The gurantee initially was 750M USD - now it down to 80M USD because the "Leasing" is paying for itself.
The money is not paid to Kenyatta.
It paid to TSAVO & SAMBURU - which then wires it to CITIBANK/JP MORGAN - treasury and exim bank are just acting as the middle men to facilitate this.
We are just a year or so before KQ fully repays those planes.
And we can get out of it without any PROBLEM.
GREAT NEWS.
https://www.treasury.go.ke/wp-content/uploads/2022/06/External-Public-Debt-Register-as-at-End-June-2021.pdf
-
RV once again I repeat you are confusing KQ acquisation of Aircraft and KQ Bailout.
reread the article again and you will understand. Ive quoted how the transaction in 2014 went and below is the restructuring of KQ circa 2017
On November 16, 2017, KQ announced that it had completed the following
steps as part of the restructuring program:24
? Debt Reduction and Equity Conversion: Reduced KQ’s gross debt by converting
subordinated debts, including GoK and local Kenyan Bank loans, to equity with the
ability to convert an additional US $75 million of further indebtedness to equity in
the future.25
? Lessor Repayment Schedule Restructuring: Provided cash flow relief of US $360
financing
more KQ shares. KQ introduced an employee stock option plan to qualifying
employees. 28
million by restructuring the timing of repayment due to operating and
lessors, . The restructuring of lessor repayment
schedules would be accomplished by deferring financing lease payments of US $189
million and operating lease payments of US $171 million
.
26
? GoK Support: The GoK agreed to the following provisions: (i) the issuance of a US
$525 million sovereign guarantee to EXIM; and (ii) the issuance of a US $225 million
sovereign guarantee to the Kenyan Banks that agreed to convert their loans to equity
and provide US $175 million in new loan facilities for KQ operations backed by the
GoK’s sovereign guarantee.
Go to the treasury public debt register- look for EXIM Bank under SOE debt gurantees.
The gurantee initially was 750M USD - now it down to 80M USD because the "Leasing" is paying for itself.
The money is not paid to Kenyatta.
It paid to TSAVO & SAMBURU - which then wires it to CITIBANK/JP MORGAN - treasury and exim bank are just acting as the middle men to facilitate this.
We are just a year or so before KQ fully repays those planes.
And we can get out of it without any PROBLEM.
GREAT NEWS.
https://www.treasury.go.ke/wp-content/uploads/2022/06/External-Public-Debt-Register-as-at-End-June-2021.pdf
-
Go to the treasury public debt register- look for EXIM Bank under SOE debt gurantees.
The gurantee initially was 750M USD - now it down to 80M USD because the "Leasing" is paying for itself.
The money is not paid to Kenyatta.
It paid to TSAVO & SAMBURU - which then wires it to CITIBANK/JP MORGAN - treasury and exim bank are just acting as the middle men to facilitate this.
We are just a year or so before KQ fully repays those planes.
And we can get out of it without any PROBLEM.
GREAT NEWS.
https://www.treasury.go.ke/wp-content/uploads/2022/06/External-Public-Debt-Register-as-at-End-June-2021.pdf
BUT
Did Jp Morgan/Citi Bank own the 70BN?
Was the 70BN owned by the kenyattas and they authorized the said international banks to lend it on their behalf?
Jp Morgan/Citibank/HSBC are mere fund managers of corrupt African leaders.They cannot commit their money to a cash cow like KQ.Its only an African president who can invest in such a cash cow or elephant project while hiding in the guise of international finance.
-
Concentrate on Russia moron.
KQ bailout - in accounting - which I scored an A - goes into KQ capital - Equity.
Treasury loan KQ money - the money is converted into Equity - KLM because it doesnt want to inject more - slowly is edged out.
Just like NCBA loan was converted into Equity.
Now look at that table. That 750M dollars was money used to purchase I think 10 Boeings- the dreamliners and some Embraers
KQ is paying for that loan - by leasing the aicraft.
Now the loan exposure to treasury is mere 80M.
RV once again I repeat you are confusing KQ acquisation of Aircraft and KQ Bailout.
reread the article again and you will understand. Ive quoted how the transaction in 2014 went and below is the restructuring of KQ circa 2017
-
International banks dont operate like that :)
KQ was super profitable before this.
It was one most profitable airline in the world.
It's annual revenues exceeded 100B...I think it was approaching 150B.
That is before 2012 Oil futures mess.
Therefore when KQ wanted to buy planes...Boeing flies direct to Nairobi with Citibank/JP Morgan and with US gov EximBank in tow.
Buying 10 dreamliners is not a joke.
Such transactions the US gov is aware of.
And this not the first such transaction - KQ had previously bought planes using the same model.
BUT
Did Jp Morgan/Citi Bank own the 70BN?
Was the 70BN owned by the kenyattas and they authorized the said international banks to lend it on their behalf?
Jp Morgan/Citibank/HSBC are mere fund managers of corrupt African leaders.They cannot commit their money to a cash cow like KQ.Its only an African president who can invest in such a cash cow or elephant project while hiding in the guise of international finance.
-
Accounting was thw easiest subject in Highschool. Anyone who wanted to score an A left Commerce and Economics and went with Accounting .
Now stop talking student talk. We are talking real business here.
Problem of you is that you are super competitive even when you are wrong you claim and try to prove you are right.
Githunguri with all his drama can see things for what they are.
Concentrate on Russia moron.
KQ bailout - in accounting - which I scored an A - goes into KQ capital - Equity.
Treasury loan KQ money - the money is converted into Equity - KLM because it doesnt want to inject more - slowly is edged out.
Just like NCBA loan was converted into Equity.
Now look at that table. That 750M dollars was money used to purchase I think 10 Boeings- the dreamliners and some Embraers
KQ is paying for that loan - by leasing the aicraft.
Now the loan exposure to treasury is mere 80M.
RV once again I repeat you are confusing KQ acquisation of Aircraft and KQ Bailout.
reread the article again and you will understand. Ive quoted how the transaction in 2014 went and below is the restructuring of KQ circa 2017
-
I dont BUY NONENSE EVER. You have failed to show any nexus btw Kenyatta and KQ aircraft leasing. I am the 1st guy to change my mind when presented with facts. Keep trying. You're incorrigible.
If you're doing propaganda against Kenyatta - it needs to be truthfully.
Accounting was thw easiest subject in Highschool. Anyone who wanted to score an A left Commerce and Economics and went with Accounting .
Now stop talking student talk. We are talking real business here.
Problem of you is that you are super competitive even when you are wrong you claim and try to prove you are right.
Githunguri with all his drama can see things for what they are.
-
International banks dont operate like that :)
KQ was super profitable before this.
It was one most profitable airline in the world.
It's annual revenues exceeded 100B...I think it was approaching 150B.
That is before 2012 Oil futures mess.
Therefore when KQ wanted to buy planes...Boeing flies direct to Nairobi with Citibank/JP Morgan and with US gov EximBank in tow.
Buying 10 dreamliners is not a joke.
Such transactions the US gov is aware of.
And this not the first such transaction - KQ had previously bought planes using the same model.
BUT
Did Jp Morgan/Citi Bank own the 70BN?
Was the 70BN owned by the kenyattas and they authorized the said international banks to lend it on their behalf?
Jp Morgan/Citibank/HSBC are mere fund managers of corrupt African leaders.They cannot commit their money to a cash cow like KQ.Its only an African president who can invest in such a cash cow or elephant project while hiding in the guise of international finance.
https://www.jpmorgan.com
Jp Morgan is an investment bank...A fund manager for world leaders.
Uhuru can wire his $100MN to a company in Cayman islands..then the Cayman island company appoints JP Morgan as it's fund manager..then JP Morgan invests the money in KQ or Kenya Eruobond/GOK bonds..that how it works.
It's like Arror Kimwarer...Somebody banked his nys sgr loot in an Italian.bank..the Bank became his fund manager..of course this is hidden in PAPERWORK ..the Italian bank then lend Kenya gov that money to build dams..he stole that money instead of building dams and then we pay him that debt in the name of an Italian bank..that's how it works.
No international bank can invest in a state corporation without political guarantee...Ive done this shit.I know what am talking about.
AM OUT.
-
Many people have seen the nexus. Wont risk stating the obvious in black and white just to please RVPundit.
Its very clear . You google well . You can proceed and google Jpmorgan and the rest and their work in acquisation of aircrafts. Its there in the internet.
I dont BUY NONENSE EVER. You have failed to show any nexus btw Kenyatta and KQ aircraft leasing. I am the 1st guy to change my mind when presented with facts. Keep trying. You're incorrigible.
If you're doing propaganda against Kenyatta - it needs to be truthfully.
Accounting was thw easiest subject in Highschool. Anyone who wanted to score an A left Commerce and Economics and went with Accounting .
Now stop talking student talk. We are talking real business here.
Problem of you is that you are super competitive even when you are wrong you claim and try to prove you are right.
Githunguri with all his drama can see things for what they are.
-
Many people have seen the nexus. Wont risk stating the obvious in black and white just to please RVPundit.
Its very clear . You google well . You can proceed and google Jpmorgan and the rest and their work in acquisation of aircrafts. Its there in the internet.
I dont BUY NONENSE EVER. You have failed to show any nexus btw Kenyatta and KQ aircraft leasing. I am the 1st guy to change my mind when presented with facts. Keep trying. You're incorrigible.
If you're doing propaganda against Kenyatta - it needs to be truthfully.
Accounting was thw easiest subject in Highschool. Anyone who wanted to score an A left Commerce and Economics and went with Accounting .
Now stop talking student talk. We are talking real business here.
Problem of you is that you are super competitive even when you are wrong you claim and try to prove you are right.
Githunguri with all his drama can see things for what they are.
I just logged in to simplify what you couldn't.
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International banks dont operate like that :)
KQ was super profitable before this.
It was one most profitable airline in the world.
It's annual revenues exceeded 100B...I think it was approaching 150B.
That is before 2012 Oil futures mess.
Therefore when KQ wanted to buy planes...Boeing flies direct to Nairobi with Citibank/JP Morgan and with US gov EximBank in tow.
Buying 10 dreamliners is not a joke.
Such transactions the US gov is aware of.
And this not the first such transaction - KQ had previously bought planes using the same model.
BUT
Did Jp Morgan/Citi Bank own the 70BN?
Was the 70BN owned by the kenyattas and they authorized the said international banks to lend it on their behalf?
Jp Morgan/Citibank/HSBC are mere fund managers of corrupt African leaders.They cannot commit their money to a cash cow like KQ.Its only an African president who can invest in such a cash cow or elephant project while hiding in the guise of international finance.
https://www.jpmorgan.com
Jp Morgan is an investment bank...A fund manager for world leaders.
Uhuru can wire his $100MN to a company in Cayman islands..then the Cayman island company appoints JP Morgan as it's fund manager..then JP Morgan invests the money in KQ or Kenya Eruobond/GOK bonds..that how it works.
It's like Arror Kimwarer...Somebody banked his nys sgr loot in an Italian.bank..the Bank became his fund manager..of course this is hidden in PAPERWORK ..the Italian bank then lend Kenya gov that money to build dams..he stole that money instead of building dams and then we pay him that debt in the name of an Italian bank..that's how it works.
No international bank can invest in a state corporation without political guarantee...Ive done this shit.I know what am talking about.
AM OUT.
kiamwangi day school brain
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International banks dont operate like that :)
KQ was super profitable before this.
It was one most profitable airline in the world.
It's annual revenues exceeded 100B...I think it was approaching 150B.
That is before 2012 Oil futures mess.
Therefore when KQ wanted to buy planes...Boeing flies direct to Nairobi with Citibank/JP Morgan and with US gov EximBank in tow.
Buying 10 dreamliners is not a joke.
Such transactions the US gov is aware of.
And this not the first such transaction - KQ had previously bought planes using the same model.
BUT
Did Jp Morgan/Citi Bank own the 70BN?
Was the 70BN owned by the kenyattas and they authorized the said international banks to lend it on their behalf?
Jp Morgan/Citibank/HSBC are mere fund managers of corrupt African leaders.They cannot commit their money to a cash cow like KQ.Its only an African president who can invest in such a cash cow or elephant project while hiding in the guise of international finance.
https://www.jpmorgan.com
Jp Morgan is an investment bank...A fund manager for world leaders.
Uhuru can wire his $100MN to a company in Cayman islands..then the Cayman island company appoints JP Morgan as it's fund manager..then JP Morgan invests the money in KQ or Kenya Eruobond/GOK bonds..that how it works.
It's like Arror Kimwarer...Somebody banked his nys sgr loot in an Italian.bank..the Bank became his fund manager..of course this is hidden in PAPERWORK ..the Italian bank then lend Kenya gov that money to build dams..he stole that money instead of building dams and then we pay him that debt in the name of an Italian bank..that's how it works.
No international bank can invest in a state corporation without political guarantee...Ive done this shit.I know what am talking about.
AM OUT.
kiamwangi day school brain
And proud of it.