Menegai and Bidco - days of repackaging oil is over

[RV Pundit]

• Tweet

KENYA: #TRADE  

Hon. Moses Kuria: 💬 The government will continue taking measures to protect consumers from powerful cartels that continue to fix high retail prices. pic.twitter.com/Ui6odwct1C

— Channel 54 News (@Channel254News) February 17, 2023

[KenyanPlato]

KENYA: #TRADE  

Hon. Moses Kuria: 💬 The government will continue taking measures to protect consumers from powerful cartels that continue to fix high retail prices. pic.twitter.com/Ui6odwct1C

— Channel 54 News (@Channel254News) February 17, 2023

this Kihii called Kuria talks too much. in Kikuyu we call people like Kuria Muthuri Kihii..meaning he is immature man. he is a bull climbing a heifer from the mouth. Kuria is educated but suffer from Dunning Kruger syndrome and a lot of chokora like behaviors

[RV Pundit]

He is not talking; already KNTC has ordered for cooking oil

He had learnt that some of the Dubai businesses were about to close deals to supply hundreds of thousands of tonnes of cooking oil to the State-owned Kenya National Trading Corporation (KNTC)
https://www.businessdailyafrica.com/bd/opinion-analysis/columnists/cooking-oil-import-queries--4126422

[Georgesoros]

He is not talking; already KNTC has ordered for cooking oil

He had learnt that some of the Dubai businesses were about to close deals to supply hundreds of thousands of tonnes of cooking oil to the State-owned Kenya National Trading Corporation (KNTC)
https://www.businessdailyafrica.com/bd/opinion-analysis/columnists/cooking-oil-import-queries--4126422

Anything that breaks cartel I welcome it, but where it the agency that monitors monopoly?? If its been sleeping find new blood. What about NEMA that is supposed to monitor polution but is in slumber.

[KenyanPlato]

Kuria believes is govt being in business because it gives him a chance to eat. Bidco and menangai are importing processed oil because the market calls got it. there are a lot of billionaires that can invest in this market. the idea of cartels is out of lazy thinking and foolishness

[Georgesoros]

Kuria believes is govt being in business because it gives him a chance to eat. Bidco and menangai are importing processed oil because the market calls got it. there are a lot of billionaires that can invest in this market. the idea of cartels is out of lazy thinking and foolishness

Didn't we use to make corn oil, sunflower oil?
I guess all those huge farms that used to grow these commodities were bought out?.
Are there any more wheat farms in Narok? We were self sufficient a few years back.

[RV Pundit]

They should not claim to add value when all they do is blend and package.
And make insane profit.

KNTC will purchase duty free cheaply - and keep oil in stores - when they are market shocks - they will release.

This is how strategic food reserves ought to work.

Kuria believes is govt being in business because it gives him a chance to eat. Bidco and menangai are importing processed oil because the market calls got it. there are a lot of billionaires that can invest in this market. the idea of cartels is out of lazy thinking and foolishness

[KenyanPlato]

They should not claim to add value when all they do is blend and package.
And make insane profit.

KNTC will purchase duty free cheaply - and keep oil in stores - when they are market shocks - they will release.

This is how strategic food reserves ought to work.

Kuria believes is govt being in business because it gives him a chance to eat. Bidco and menangai are importing processed oil because the market calls got it. there are a lot of billionaires that can invest in this market. the idea of cartels is out of lazy thinking and foolishness

you too funny. Kntc should be dissolved with parastals. uda is a bleating goat that kikuyus call mburi ya Ruanio..a goat that beats for no reason and you can't take it seriously

[RV Pundit]

https://www.standardmedia.co.ke/education/article/2001467433/cash-crunch-public-universities-woes-pile-amid-sh61-billion-debt

[Githunguri]

The challenge with Kenya edible oils is not bidco..The reason bidco imports edible oils is only that we don't produce enough oil seeds because of rain dependent agriculture.Its same as maize.So what does bidco and other oil refineries do?Import edible oils worth over 65BN annually...It's the same thing as cotton maize and rice,we don't produce enough so we have to import...After all That,bidco subcontract over 30000 Kenyan farmers to produce oil seeds,employs over 25000 and I saw back in 2017 they had annual revenue of over 50BN KES,So bidco directly and indirectly revenue to GOK are over 10BN...Instead of Kuria focusing on oil seed plantations vs palm oil import and how to supply water to these plantations,He is focusing on how to make money from being a broker of the 65BN palm oil imports to a GOVERMENT controlled corporation in oil processing business...MWIZI.

[RV Pundit]

Bidco try...kenyatta and Rai Menegai & others import refined oil..while pretended its crude cooking oil.I am sure the target is the Menengai more than Bidco.If kuria action will bring down prices down...the rest are details. We must deal with Rais and kenyatta who profit from the poor.

[Nowayhaha]

Kuria has addressed longterm and short term concerns . Including Manufactures and Farmers issues. All attention should be of any corruption scandal which should be prevented Whoever does not agree with this is an enemy of Kenyans.


https://www.standardmedia.co.ke/business/article/2001467447/storm-over-cooking-oil-billions-state-digs-in-on-own-import-plan

The challenge with Kenya edible oils is not bidco..The reason bidco imports edible oils is only that we don't produce enough oil seeds because of rain dependent agriculture.Its same as maize.So what does bidco and other oil refineries do?Import edible oils worth over 65BN annually...It's the same thing as cotton maize and rice,we don't produce enough so we have to import...After all That,bidco subcontract over 30000 Kenyan farmers to produce oil seeds,employs over 25000 and I saw back in 2017 they had annual revenue of over 50BN KES,So bidco directly and indirectly revenue to GOK are over 10BN...Instead of Kuria focusing on oil seed plantations vs palm oil import and how to supply water to these plantations,He is focusing on how to make money from being a broker of the 65BN palm oil imports to a GOVERMENT controlled corporation in oil processing business...MWIZI.

[RV Pundit]

Seeing bidco advert..25k farmers in East Africa..looking for 30,000 tonnes of sunflower and soya

[RV Pundit]

Why can't counties give farmers free soya and sunflower? We import 133 billion kshs of cooking oil. This can support half a million farmers

[RV Pundit]

Menengai rai apparently leases kenyatta rongai farm for avocado..they are in bed in Timsales. Must be dealt with

[Githunguri]

Kenyatta have huge tracts of land to produce their own seed oil.They don't have to import.secondly,Nowadays timber harvesters have shifted to private forestry plantations,GOK forests are depleted.

[RV Pundit]

Kenyatta have huge tracts of land to produce their own seed oil.They don't have to import.secondly,Nowadays timber harvesters have shifted to private forestry plantations,GOK forests are depleted.

They should produce..but import refined oil while passing it for crude is illegal null n void.They should import it as finished product.

[Githunguri]

Kenyatta have huge tracts of land to produce their own seed oil.They don't have to import.secondly,Nowadays timber harvesters have shifted to private forestry plantations,GOK forests are depleted.

They should produce..but import refined oil while passing it for crude is illegal null n void.They should import it as finished product.

There is nothing like crude cooking oil.

[RV Pundit]

That is what import..crude cooking oil

[RV Kirgit]

Pundit is right. Crude cooking oil exist. Prof Magufuli fought oil cartel who use to mix processed and crude cooking oil to max profits. He explain they buy crude oil from high sea pirates cos it's not sold in official channels.


Check @18 minute, @25 minute