Opaque edible oil scam

[gout]

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KNTC just folds hands as shadowy Multi Commerce makes millions and we lose billions in tax waivers. Kuria will be making more trips to UAE.

Double tragedy as oil prices remain high.

https://nation.africa/kenya/weekly-review/how-multibillion-edible-oils-plan-became-the-elites-new-gold-mine--4265640

[RV Pundit]

Nonsense from Jaindi kisero who is working for oil cartels.

What is 500K usd - 50M profit margin?

[gout]

Taxes waived??

[RV Pundit]

The prices of cooking oil has dropped because KNTC job was to put pressure on the fake cooking oil syndicate that imported refined fuel.

Role of KNTC is to fix prices without use of subsidies.

The cooking oil cartels have paid Jaindi Kisero from get go to disparage this.

Taxes waived??

[gout]

Jaindi is doing well sniffing around. It is starting to smell like the maize subsidy slush funds.

Why would the edible oil marketers cry wolf if KNTC has only 8 depots? They would be happier to repackage the oil from KNTC. What price pressure yet the prices been falling before landing probably due to demand as broke Kenyans go for cheaper alternatives? 

https://nation.africa/kenya/news/revealed-how-traders-conned-state-of-sh7-2bn-uhuru-maize-subsidy--4265624

[RV Pundit]

He has cried wolf so many times he has lost his voice.

Fact is oil cartels dont pay taxes - they import refined oil pretending it's crude oil.

So the is no loss of tax. 20B so called foregone taxes is crazy miscalculation. The Dubai so called scandal is worth 70M KES or 500,0000USD what hell?

FACT - Cooking oil has fallen by 50% - thanks to Kuria intervention.

Next we need to deal with cooking oil cartels - they gov should ensure they declare the so called crude oil - as finished product - and they get treated as it is.

Those like Bidco who engage farmers to grow sunflower should be nurtured.

But Kenyatta-Raia crooks of Menegai and Pwani Oil - those are ones who were benefitting. You've seen how Menegai has grown so fast.

From solid companies like Uniliver-Brookside - we now have Menegai-Pwani oil crooks in cooking oil industries.

Jaindi is doing well sniffing around. It is starting to smell like the maize subsidy slush funds.

Why would the edible oil marketers cry wolf if KNTC has only 8 depots? They would be happier to repackage the oil from KNTC. What price pressure yet the prices been falling before landing probably due to demand as broke Kenyans go for cheaper alternatives? 

https://nation.africa/kenya/news/revealed-how-traders-conned-state-of-sh7-2bn-uhuru-maize-subsidy--4265624

[gout]

November 2022 - Fresh Fri 5L: Offer price- 1,099; Kawaida 1,600
https://www.facebook.com/quickmartkenya/photos/a.809901119131125/5622669611187561

June 2023 -Offer price- 1,299; Kawaida 1,600

https://www.facebook.com/photo/?fbid=574767214791337&set=a.562401906027868

[RV Pundit]

Well - at best it been arrested - I cant find any cooking inflation data - apart from last year

Kenya's Food Inflation increased to 15.8% in October.

This is crazy:

Sugar ⬆️36.3%
Cooking Oil ⬆️33.6%
Unga ⬆️33.5%
Potatoes ⬆️32.6%

— Moe (@moneyacademyKE) November 1, 2022

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November 2022 - Fresh Fri 5L: Offer price- 1,099; Kawaida 1,600
https://www.facebook.com/quickmartkenya/photos/a.809901119131125/5622669611187561

June 2023 -Offer price- 1,299; Kawaida 1,600

https://www.facebook.com/photo/?fbid=574767214791337&set=a.562401906027868

[RV Pundit]

The best I can find - it was down 3% in march

Kenya’s inflation in March remains high at 9.2 percent. Diesel prices icreased by 39.8%, Electricity by 38%, Kerosen 35.3%, Maize 35%, Petrol 32.8%, cabbages 28.3%, Electricity 27.7%, potatoes 23.4%, Sukuma 16.7% and gas 9.5%. Only onions dropped by 8.6% and cooking oil by 3.3% pic.twitter.com/k62xQcs60I

— 𝑱𝒖𝒍𝒊𝒖𝒔 𝑲𝒐𝒏𝒆𝒔 🇰🇪 (@Konesjk) March 31, 2023

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[RV Pundit]

Last year it was definitely terrible - but how much is this link to global market? But let all agree we have no local cooking oil industry - we have importers - pretending to be manufacturers.

Gok and private industry need to come up with policies to ensure at least 50% of cooking oil from manufacturer come from farmers - or you're just an importer.

Kenyan inflation stands at 7.1% in May 2022 from  6.47% in April 2022.

Food & non-alcoholic beverages up 12.4% YoY

Largest increases in selected commodities YoY
▪️Cooking Oil: +47.1%
▪️Cooking Fat: +44.6%
▪️Wheat Flour :+28.4%
▪️Soap:+25.9%
▪️Maize Flour: +23.8% pic.twitter.com/AzGT7hIL2d

— Mwango Capital (@MwangoCapital) May 31, 2022

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[gout]

The deal has got Kuria frothing. Not answering queries.

[RV Pundit]

Nation lost it from day one when they screamed Oil scandal - as soon as it was mooted.

Even if Kuria stole - he will get away - because people know this story has more than meet the eye.

Cooking oil cartels have used Jaindi Kisero from day one.

They have cried owl so many times ; they are now being ignored.

The deal has got Kuria frothing. Not answering queries.

[Kadudu]

Pundit busy defending thieves.

It is not only Jaindi Kisero who has written about this scam. Kindly read the facts and discount them one by one. Your man Ruto is part of the scam and he uses his right hand woman, Mary Wambui aka Wambui wa Ruto. I still recall the day she hid at Weston Hotel as the police looked for her. Note the role her company Purma Holdings Ltd plays in the whole saga.

https://nation.africa/kenya/news/how-ruto-s-first-cabinet-meeting-birthed-questionable-edible-oil-deal-4274150

[RV Pundit]

I have followed the story from day one - and Jaindi kisero like I warned killed this story. Expect no action. No outrage. This is now politics.

Pundit busy defending thieves.

It is not only Jaindi Kisero who has written about this scam. Kindly read the facts and discount them one by one. Your man Ruto is part of the scam and he uses his right hand woman, Mary Wambui aka Wambui wa Ruto. I still recall the day she hid at Weston Hotel as the police looked for her. Note the role her company Purma Holdings Ltd plays in the whole saga.

https://nation.africa/kenya/news/how-ruto-s-first-cabinet-meeting-birthed-questionable-edible-oil-deal-4274150

[gout]

The genesis of sacred cows.

[gout]

Even the KK senators are not buying Kuria's opaque nonsense.

https://www.the-star.co.ke/news/2023-06-21-stop-making-claims-you-cant-prove-kingi-tells-cs-kuria/

[Githunguri]

It's very simple.

(1) Who sold the cooking oil to KNTC?
(2) At what price?
(3) Was there competitive bidding?
(4) Was the purchase price equivalent to average market price?

Very simple.

[hk]

KNTC is the new NYS. Btw how is the government to government oil deal  status? Ksh. has depreciated from 128 to 140.

[Kadudu]

Mary Wambui aka Wambui wa Ruto deep involved. The import cartels made a clean US$ 42M!
There was no tender. Just single sourcing.

It's very simple.

(1) Who sold the cooking oil to KNTC?
(2) At what price?
(3) Was there competitive bidding?
(4) Was the purchase price equivalent to average market price?

Very simple.

[Kadudu]

Revive a dead parastatal and push billions to it. Fresh cash cow for the politically connected.
Every time you hear that phrase "government to government", never believe it. It is a decoy for looting. It was first used by Uhuru to push the SGR through after many people doubted its value for the country. Note, the Kenya government does not sign directly any of these deals.

Pundit will argue the price of edible oil has been brought down, yes but at what expense. Flood any commodity in the market and the price will go down for the consumer, but the general public will loose like in this case where the commodity is imported duty free and sold at market prices to the state organ.

KNTC is the new NYS. Btw how is the government to government oil deal  status? Ksh. has depreciated from 128 to 140.