Can Somebody Tell Murkomen No U.S investor can buy KQ

[RV Pundit]

"National flag carrier, Kenya Airways, has a new finance director.

Alex Mbugua becomes the first Kenyan to hold the position after more than 10 years in the hands of foreigners."

This where rains started beating us.


...
ex Wainaina Mbugua

Alex is the Executive Chairman and Founder of QED Solutions Ltd. QED is a reseller of cutting edge and niche business management solutions in Kenya and the East Africa region. QED has an impressive portfolio of solutions focusing on eProcurement, Financial Management and Agribusiness that have been successfully implemented in many companies in the region in a wide variety of industries.

Previously, Alex was CFO of Kenya Airways Ltd for 8 years. Prior to that, Alex worked in South Africa first as a BPO consultant with PricewaterhouseCoopers and then as CFO for the largest gold mining company at the time, AngloGold Ashanti. In all his roles, Alex was keen to learn more about improving businesses processes and outcomes with technology.

Alex in as Harvard Alumnus having obtained his Advanced Management Program (AMP) certification from Harvard Business School in 2012. Alex also graduated in 2002 with a joint MBA from NYU and Wits Business School of South Africa. Alex is also a Certified Public Accountant (CPA) having attained his CPA certification in 1989 while working for his first employer KPMG in Nairobi Kenya.

[RV Pundit]

I really doubt he was CFO of Anglo Gold Ashanti. No way those jews would trust him. I dont see anything that corroborate he was ever CFO of AngloGold Ashanti. He is only one claiming it.

[RV Pundit]

HE Ruto is a sharp Economist. This is the way to go. Kenya cannot continue pumping billions into KQ.https://t.co/JLBvdAtPKL

— Irungu Kang'ata (@HonKangata) December 16, 2022

[Githunguri]

HE Ruto is a sharp Economist. This is the way to go. Kenya cannot continue pumping billions into KQ.https://t.co/JLBvdAtPKL

— Irungu Kang'ata (@HonKangata) December 16, 2022

There is no top economist.

I think Kenyatta affiliated companies were major lenders, aircraft lessors and suppliers of major goods and services to KQ.Once GOK exits KQ,they are done.

If Raila was fuel supplier..I think his contract is already cancelled.

The goal here is to destroy Kenyatta.

[RV Pundit]

No the goal is to save kenya tax payers money from further filling rabbit hole with no end in sight.

The goal here is to destroy Kenyatta.

[Nowayhaha]

kQ was making profits for 10 years under Naikuni with exception of 2009. After Project Mawingu which brought in Embraers 777-300 and 787, KQ problems started . Thats the genesis of the problems .

Yes this Alex Mbugua and Naikuni are genesis of KQ downfall.

The former Kenya Airways finance director Alex Wainaina Mbugua is seeking to be reinstated after he was sacked following a Sh29 billion loss at the airline.

https://www.businessdailyafrica.com/bd/corporate/companies/former-kq-finance-director-alex-mbugua-seeks-reinstatement-2112758

[Nowayhaha]

With or without Alex Mbugua KQ was bound to fly into turbulence after Mawingu project . How many Mzungus wer brought including A CEO from Poland and Safaricoms Michael Joseph and still KQ was not able to redeem itself .

Before Alex Mbugua - KLM wazungu were running things smoothly - in critical KQ dept. You put a kenyan and he start corruption - and kills airline

This guy was CFO - before we allowed mwafrika to kill our airline.

Mr. Neil Canty
Group Finance Director, Mr. Canty, aged 56 years, is a Fellow of the Institute of Chartered
Accountants in England and Wales and has worked in the airline industry for some 20 years,
principally as Finance Director for a number of companies including British Airways CitiExpress,
British Midland and British Regional Air Lines Group PLC. The latter included dealing with its
successful flotation and full listing on the London Stock Exchange. During his career to date, he
has also gained some eight years international experience working in Kenya, The Netherlands,
Denmark, France and Australia. He joined the Board of Kenya Airways as Group Finance Director
in January 2005

[Nowayhaha]

KQ before Kibaki mess
Naikuni - MD - just figure head but KLM run critical depts
Neil - CFO - finance director
Nuttall - CCO - commercial director
Allan Fullove - Technical director
Curschellas - Ground director.

That left wafrika running IT, HR, and such non critical depts.

Then we started putting mwafrikas - and airline died - as Naikuni was busy looking for pusey from crew while mbugua was busy stealing.

We have to be careful with Safaricom.... Ndegwa is solid but the chairman need to be fired pronto.
That corrupt John Ngumi will finish Safaricom

[Nowayhaha]

We know these things.My best friend worked for KQ for donkey years. That fat idiot appointment in 2008 was genesis of KQ downfall. Naikuni was more interested in chasing girls but Mbugua basically brought usual kenya corruption - and killed the airline - and has now cost taxpayers gazillion of money.

We need someone like Ethiopian former CEO to come and manage things - with Wazungu  in all critical dept.

Then KQ will become pride of Africa again.

lol

Yes this Alex Mbugua and Naikuni are genesis of KQ downfall.

The former Kenya Airways finance director Alex Wainaina Mbugua is seeking to be reinstated after he was sacked following a Sh29 billion loss at the airline.

https://www.businessdailyafrica.com/bd/corporate/companies/former-kq-finance-director-alex-mbugua-seeks-reinstatement-2112758

[RV Pundit]

You cannot put Mzungu who report to Mwafrika and expect any changes.
Its not about the colour.
Its not about tribes.
Michael Joseph now is kenyan and report to ministry; he is black to me; He is just better because he has more integrity than typical kenyan.
Before he reported to Vodafone; and didnt give a fu.ck about gov.

What we need is strategic partner running critical dept and they can only do that if they OWN substantial part of business.

KLM and Safaricom and many others are good example.

This is why Delta is good - because they bring their money and management - and can stand their ground.

If we bring Delta management  - and they report to harambee hse - it waste of time.

But if Delta second their staff - and they report to US - they can reject corruption & mismanagement.

With or without Alex Mbugua KQ was bound to fly into turbulence after Mawingu project . How many Mzungus wer brought including A CEO from Poland and Safaricoms Michael Joseph and still KQ was not able to redeem itself .

[RV Pundit]

Eti state which year they worked I started my life in Embakasi; pale Ndege sacco; and knew gazillion of KQ & KAA folks.

Mbugua got fat and fat literally; KQ got thin & thin; firing people every year as it went under.

And having tried to cross check his CV - i think he is real crook - there is no evidence he worked where he claims.

Everyone knows Mbugua was pushed by Muhohos and Kibakis to steal from KQ - which was then BLUE CHIP.

Kibaki and Kenyatta killed KQ.

Moi rescued KQ - it was perhaps only airline to survive in Africa outside ET - and that happened in 1995 - by bringing in KLM as strategic investor.

When Money started flowing - and politician wanted bribes from Boeing and Jet fuel suppliers it died.

NB: You must be a moron to imagine I will tell you who my friend was - but he worked in KQ business intelligence section and had access to all data.


Of course getting KLM-AIR france now is impossible - so if Ruto can nail DELTA - he would have saved KQ AND Tax payers.

[Nowayhaha]

You cannot put Mzungu who report to Mwafrika and expect any changes.
Its not about the colour.
Its not about tribes.
Michael Joseph now is kenyan and report to ministry; he is black to me; He is just better because he has more integrity than typical kenyan.
Before he reported to Vodafone; and didnt give a fu.ck about gov.

What we need is strategic partner running critical dept and they can only do that if they OWN substantial part of business.

KLM and Safaricom and many others are good example.

This is why Delta is good - because they bring their money and management - and can stand their ground.

If we bring Delta management  - and they report to harambee hse - it waste of time.

But if Delta second their staff - and they report to US - they can reject corruption & mismanagement.

With or without Alex Mbugua KQ was bound to fly into turbulence after Mawingu project . How many Mzungus wer brought including A CEO from Poland and Safaricoms Michael Joseph and still KQ was not able to redeem itself .

[RV Pundit]

Dont be Obtuse.
When KLM signed on - there was agreement - KLM senior staff reported to Amsterdam - not Ministry or board - those are PRs.
They come to kenya mostly as secondment.
The same with Vodafone and Safaricom.

MJ was able to run Safaricom which is KQ SIBLING because he didnt give f>ck - Vodafone would call Moi or kibaki directly if it ever get there - if not Prime Minister of UK.

KQ and Safaricom have parastal hangover - but KLM and Vodafone help them. KQ for long was parastal - and most initial staff of Safaricom were Telkom guys.

Obviously staff didnt like KLM or Vodafone because they made them work hard and didnt allow stealing.

Mwafrika bado IVA
Ethiopeans are disciplined and so are Rwandese.

Kenyans we cannot run airline or serious stuff - unless it personally owned - not gov owned.

James Mwangi run Equity well because he cares as he owns huge part of the business. Put him in KCB - and he wont care except make Treasury PS and Minister happy

[Nowayhaha]

Dont be Obtuse.
When KLM signed on - there was agreement - KLM senior staff reported to Amsterdam - not Ministry or board - those are PRs.
They come to kenya mostly as secondment.
The same with Vodafone and Safaricom.

MJ was able to run Safaricom which is KQ SIBLING because he didnt give f>ck - Vodafone would call Moi or kibaki directly if it ever get there - if not Prime Minister of UK.

KQ and Safaricom have parastal hangover - but KLM and Vodafone help them. KQ for long was parastal - and most initial staff of Safaricom were Telkom guys.

Obviously staff didnt like KLM or Vodafone because they made them work hard and didnt allow stealing.

Mwafrika bado IVA
Ethiopeans are disciplined and so are Rwandese.

Kenyans we cannot run airline or serious stuff - unless it personally owned - not gov owned.

James Mwangi run Equity well because he cares as he owns huge part of the business. Put him in KCB - and he wont care except make Treasury PS and Minister happy

[RV Pundit]

KQ was africa most exemplary airline when KLM was running it.
When big company like KLM or Vodafone invest - 40 percent - there are lot of hidden agreement - eti board
There are even gov to gov agreement - including diplomatic immunity - that is why you see Ruto in delta meetings - this not "board" decision
This is someone putting down huge money
That was from 1995

Dont sweat it.
Alex Mbugua and Naikuni killed it.
Together with Kenya Gov.

KLM have since refused to be part of it; They have watched their shareholding reduces to now 7%; they dont give a damn because they have written it off; it would have been more costly if they havent; we taxpayers have paid the price.

If Delta come in - you can bet they wont answer to Nairobi to US.
And there is nothing Murkomen will do.

And to run a company  - you need critical dept - finance being number one.

Mbugua was first african post 1995 privitisation and he SUNK KQ

[Nowayhaha]

President meeting a junior officer of an airline. RV you dont know anything about KQ . Zilch
Mbugua was a non factor .  Murkomen wont survive 2 years in Transport Ministry take that to the bank.

KQ was africa most exemplary airline when KLM was running it.
When big company like KLM or Vodafone invest - 40 percent - there are lot of hidden agreement - eti board
There are even gov to gov agreement - including diplomatic immunity - that is why you see Ruto in delta meetings - this not "board" decision
This is someone putting down huge money
That was from 1995

Dont sweat it.
Alex Mbugua and Naikuni killed it.
Together with Kenya Gov.

KLM have since refused to be part of it; They have watched their shareholding reduces to now 7%; they dont give a damn because they have written it off; it would have been more costly if they havent; we taxpayers have paid the price.

If Delta come in - you can bet they wont answer to Nairobi to US.
And there is nothing Murkomen will do.

And to run a company  - you need critical dept - finance being number one.

Mbugua was first african post 1995 privitisation and he SUNK KQ

[Wa Njambi]

The goal is have KQ make Economic sense. If you remove all those shady deals like the "ghost" leases, KQ is a profitable company. It just needs a fresh slate.

No the goal is to save kenya tax payers money from further filling rabbit hole with no end in sight.

The goal here is to destroy Kenyatta.

[RV Pundit]

Ruto is on point. Nowayaha you're alone in this

Kenya’s President says he is willing to sell 100% of government’s stake in Kenya Airways.

Says he is not in the business of running an airline that just has a Kenyan flag.

— Kenyan Business (@BusinessIntelKE) December 18, 2022

I see where you coming form


David Otieno
@BusinessIntelKE
I remember at a book launch I was at recently someone proposed closure and one of KA's staff was around & the patriotism (maybe fear of employment loss) in them really made them argue against it

[Nowayhaha]

[RV Pundit]

What exactly is wrong with selling say 60 percent of KQ to Delta?
Or even 99 percent - it will still use JKIA as the hub - and the money would still come to Kenya?
It's better than having it dying.

What is unacceptable is to have KQ as parastal leeching on kenya public finance.

If you ask me I would sell 70% to Delta; Kenya gov keep 30%: I will let Delta run it KQ; kenya gov to run JamboJet.

Kenya Gov can concentrate on KAA and JamboJet.