Nipate

Forum => Kenya Discussion => Topic started by: gout on August 12, 2020, 11:21:35 AM

Title: Moi era thugs facing auctioneers
Post by: gout on August 12, 2020, 11:21:35 AM: https://www.businessdailyafrica.com/economy/Auctioneers-raid-Moi-associates-over-bank-loans/3946234-5606696-ipb5ma/index.html

This is why Uhuru, Moi, Raila, GEMA elites/axis, outgoing governors, are scared shitless. Once out of the looting machine, You can easily slide to poverty in 1, 2, 5, 10, 15 years given the amount you have looted.

By 2013 the Kenyatta empire was barely insolvent, save for the land. Kibaki era high rolling ministers/ companies are also kaput.

https://www.standardmedia.co.ke/business/article/2001358464/top-kibaki-era-firms-now-fall-on-hard-times
https://www.businessdailyafrica.com/news/Former-minister-Gideon-Ndambuki-hotel-put-on-auction-Sh80m-debt/539546-5417284-69ng0p/index.html

This is one reason why large tracts of land will remain a premium asset for Kenyattas, Mois, Kibakis, Ruto or why any sensible mama mboga goes for the plot.
Title: Re: Moi era thugs facing auctioneers
Post by: Kadudu on August 12, 2020, 12:08:20 PM: Hosea Kiplagat just like Joshua Kulei was a nyapara (prison warder) before being elevated by Moi to the position he held as CEO of Coop Bank. What do you expect from a man with little education and his only asset was having the ear of the then president?
Watch Centum after Uhuru goes to Gatundu in 2022.
Title: Re: Moi era thugs facing auctioneers
Post by: patel on August 12, 2020, 03:14:46 PM: Crony capitalism. Whichever way you look at it kenya is fwacked not sure what it will take to get this country on the right track.
Title: Re: Moi era thugs facing auctioneers
Post by: RV Pundit on August 12, 2020, 06:23:06 PM: Even the pastor Rev Yego was recently in the red. Creating business that can survive generations is not easy. These one are dead before the owners die.
Title: Re: Moi era thugs facing auctioneers
Post by: Kim Jong-Un's Pajama Pants on August 12, 2020, 06:33:02 PM: Quote from: RV Pundit on August 12, 2020, 06:23:06 PM
Even the pastor Rev Yego was recently in the red. Creating business that can survive generations is not easy. These one are dead before the owners die.

The real problem is they do not provide true value. If they did, it wouldn't matter who is in charge.
Title: Re: Moi era thugs facing auctioneers
Post by: Nefertiti on August 13, 2020, 09:11:26 AM: Tenderpreneur is a seasonal business that comes and goes with the political tide. Mungatana is in the red too I read somewhere.