Nipate
Forum => Kenya Discussion => Topic started by: Omollo on April 27, 2016, 04:11:17 PM
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I never heard of a "bailout" where the Board and management that failed remains intact. Is not Ameyo the advocate who collected Mudavadi's share of the Graveyard millions?:
The Mumias Sugar Company board has announced that the National Treasury has released the second bailout tranche of Sh1.1 billion to the miller.
Board Chairman Dan Ameyo said the cash would be used in the ongoing restructuring of the firm.
This brings to Sh2 billion the total amount of cash the miller has received from the Treasury.
“We have put in place a spending plan approved by the board of directors and shared with stakeholders in the restructuring of the company,” said Mr Ameyo in a press statement.
He said the funds would be spent to buy factory spare parts in preparation for its planned rehabilitation.
The bailout money will be used to settle outstanding debts to farmers and a staff rationalisation programme that is in place.
Mr Ameyo said despite challenges the miller has faced during the difficult recovery path, suppliers and creditors had continued to give unrelenting support to the management team, led by the Chief Executive Errol Johnston.
THANKED STAKEHOLDERS
“To our esteemed suppliers and service providers including cane farmers, cane transporters, and other creditors, we thank you for patience and continued goodwill that has enabled the company to stay on track despite challenges so far faced along a difficult recovery path,” said Mr Ameyo.
Simeon Wesechere, the deputy secretary of the Kenya National Federation of Sugarcane Farmers, said farmers were excited by the commitment shown by the government to get the miller back to profitability.
“We are currently encouraging farmers to embrace large-scale sugarcane farming to be able to improve their earnings,” said Mr Wesechere.
He said the government should act on allegations of corrupt dealings involving former managers of the company to ensure efforts being made to revive the miller succeed.
“We are concerned about the cartels which are regrouping and trying to frustrate efforts being made by the new management team to streamline operations at the company,” said Mr Wesechere.
(http://www.nation.co.ke/image/view/-/3178950/highRes/1314457/-/maxw/600/-/jhw3rtz/-/mumisas-pic.jpg)
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Now it Ameyo the person--not Luhyas. The double standards.
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Now it Ameyo the person--not Luhyas. The double standards.
First of all Ameyo has been heavily criticized by Luhyas and Luos NOT defended the way Waiguru was. Secondly he is in place despite the protests of many and lastly he is not seen or indeed in practice has never served the interests of Luhyas. We know that he is there to kill Mumias factory so that certain people can buy it kwa bei ya jioni.
For the record, I don't know if he is Luhya, Luo or Kisii. I will endeavor to find out so his motives can be more clearly pinpointed. As of now I believe Ameyo is serving GEMA interests otherwise he would have been removed. Seen from that perspective there are no double standards.
The deliberate inaction by Uhuru in respect of Ameyo is part of what I am complaining about elsewhere.
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Is this the same Ameyo of Posta? The guy who ate Mumias to the ground is one and only KIDERO.
Well Gok already sold most of it shares in Mumias. It now owns I think 20% (could be more if the 2B loan is later converted into equity as it should). But already Mumias was sold to farmers and rest of kenyans. Farmers sold those shares cheaply.
Anyway my prayer is that we can do really large scale sugar plantation fed with irrigated water and slowly getting of this mess. It pains me that majority of poor people are spending so much money on such a key commodity than they should have to.
First of all Ameyo has been heavily criticized by Luhyas and Luos NOT defended the way Waiguru was. Secondly he is in place despite the protests of many and lastly he is not seen or indeed in practice has never served the interests of Luhyas. We know that he is there to kill Mumias factory so that certain people can buy it kwa bei ya jioni.
For the record, I don't know if he is Luhya, Luo or Kisii. I will endeavor to find out so his motives can be more clearly pinpointed. As of now I believe Ameyo is serving GEMA interests otherwise he would have been removed. Seen from that perspective there are no double standards.
The deliberate inaction by Uhuru in respect of Ameyo is part of what I am complaining about elsewhere.
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I completely agree that Kidero did in Mumias while Ameyo was busy at Posta cleaning it of what Chahonyo might have overlooked. Note that it is Mudavadi who appointed both Chahonyo and Ameyo to Posta when he was minister for Transport and Communication. Both men went on to ripoff Posta.
The last time I named Kidero it was suggested that I was doing so because of his presumed closeness to Jubilee and not because he is corrupt.
Mr. Dan Ameyo, MBS, OGW serves as the Chairman of Equatorial Commercial Bank Limited. Mr. Ameyo serves as Non-Executive Chairman of the Board of Directors of Equatorial Commercial Bank. He is a practising advocate and legal consultant on trade and integration law in Kenya and within the East African Community and COMESA region. Mr. Ameyo has been the Chairman of Mumias Sugar Company Limited since February 19, 2014. He is an advocate of the High Court of Kenya, a member of the Law Society of Kenya (LSK), a member of the Institute of Certified Public Secretaries of Kenya (ICPSK) and a Fellow of the Chartered Institute of Arbitrators in London. He served as a State Counsel in the Attorney Generalâ s chambers. He also served as the Post Master General and Chief Executive Officer of Postal Corporation of Kenya. Mr. Ameyo holds a Bachelor of Laws (LL.B) (Hons) Degree from the University of Nairobi and a Master of Laws (LL.M) from Queen Mary, University of London