How clean is the deal
This entry was posted on Tuesday, April 1st, 2008 at 7:13 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
SAFARICOM IPO
How clean is the deal
Raila Odinga's Weblog 
agent4change could you also start another thread on the plight of IDPs?
MY FEELING…..
Safaricom was a corruption loophole which i thought we should have stopped unless mobitelea guys and 35% international investors were unhooked…..but i think it’s too late now……..DUE TO NO VIABLE CONSTITUTION WE CAN’T CHALLENGE THEM….
That’s why i keep singing constitution all the time. case in point if PM wasn’t entrenched in constitution these guys could already backpeddled but now they are stuck and have to agree 50-50 everything all the way to chiefs.
WITH ALL DUE RESPECT TNK IDPS IS TOO CONTROVERSIAL BECAUSE NOBODY IS SAYING THE TRUTH……..
MEANWHILE i would encourage a thread about CONSTITUTION on how to go about it and force elections in 12 months,……….
The way i see it these guys (pnu/odm) cannot rule together……….
Why as this yet you have already endorsed the IPO? this double speak is not taking us anywhere.
the safaricom IPO issue is multifaceted and discussion is broad with two main categories, moral and economic value. as kk mentions, the moral issue is disturbing, with 3 people (based on the valuation) having acquired dubiously the equivalent of 2billion shares under circumstances that are not clear. floating the IPO automatically legitimises their value and they can then proceed to off-load, or otherwise trade with their shares at least KES 10b riding off the backs of kenyans. the 35% foreign investor slot is also another puzzle.
jaugenya is right, whats the point of asking how clean the deal is when RAO has more or less sanctified it?
kk – whereas i agree the issue of IDPs is extremely sensitive, the problem is when we point fingers or attempt to find the root cause. at this point i cannot venture in that direction but what i would like discussed and brought to the open are the appalling conditions and suffering that these kenyans are facing and hopefully find amongst ourselves something to do to help these people out. its tragic the double trauma of loosing homes as well as some witnessing gruesome death and destruction, and yet many have no hope of either counseling services or return to where they once called home.
the discussion i would like to see is on issues like what rafiq mentioned elsewhere of the efforts on the ground as well as challenges and also expose some corrupt individuals/agencies who still take undue advantage of these kenyans. if the discussion degenerates to the causes of the conflict and how certain acts were committed then certainly there will be a lot of acrimony, but we cannot ignore the plight of these kenyans. there is a lot of suffering now for 3 months and counting.
even more rewarding is a list of whats going on and contacts so that if people would like to contribute resources (materials, cash, time etc) they can have an opportunity to select and do so.
i am more for positive contribution of ideas or resources than empty head bashing although lately i get into that a lot.
TNK……..
bro’ i see where you are coming from and i think that’s highly commedable.
Unless people help as brothers/sisters/churches it is very hard,because it is very tribal hence IDPS are just comfortable with their own kinsmen.
But i would like to see the more than 30 billion sh. used, to start helping people now because more people will start dying at the camps.
The truth is as long as political situation continues to be as it is,this issue is not going to be solved.
It’s unfair that the lives of IDPS is pegged to the political solution which they didn’t create initially.
if you have some spare cash, please buy and probably sell immediately the share prices go up.
if you leave it simply to go to these these guys you as the consumers are the ones to suffer double tragedy – losing out by not investing – giving these sharks a mileage and losing out by continuing to use safaricom services – giving these sharks more money
kk, the one thing this govt does is quantify in fiscal terms everything. IDPs require 31b. safaricom needs to generate 50b. ministries require x billion. the hundreds of useless commissions inquiring into one or another issue that should have been done right in the first place all require x million.
yes ulimately its a money issue but that should be the means and not the end. there is simply no human value, just x (billion) shillings. it somehow makes them feel good to pronounce large figures and obscure the reality of a child with no shoes, scanty dressing, no food, no toy, poor shelter, etc who just needs a simple family and a place to call home, among neighbors that can play together.
loathe as I am to say this, but Kenyatta’s legacy of harambee had the community at heart, Moi’s nyayo’ism also had the community at heart but of course it took just a few wrong turns for all these initiatives to nose dive, kibakis legacy is love of money and large figures i am sure that kimunya cannot pronounce anything that doesnt have an ‘illion sounding value. he’d probably call us ODMillions or perhaps ODBillions when we are capitalized.
the best way is to buy shares and as the public become part of the company we will have leverage in demanding to know what mobitela means and what we should do with it.they should later tell us the legality of its existence as a shareholder of this magnitude in a basically gov /foreign investor merger.we the safaricom mobile users have contributed immensely to this success.
we need strong legal system to effectively regulate such malpractices in this economic sector,strong anticorruption watchdog to prosecute offendors and bring justice to the ordinary citizens.these have become milk cows for the few corrupt people in our country.
i overheard somebody talk like this,”hapana weka mchanga kwa chakula changu”
let us push constitutional reforms,now time is going ,soon we will be holding another election even before we have a new constitution in place.
we have been held hostage everywhere,justice system,economic front,legislative system,becouse of flawed laws,ineffective constitutional document is the greatest impediment to success in all aspects of our lives as kenyans.
our laws are shaky,drifty,on sand..non
the same guy(s) blocking all those issues or doors to institutional reforms, are blocking the constitutional reforms. either break down the doors, remove the guy(s) or move elsewhere and wait. we simply have no access (legal or muscle) to any of these issues. Any muscle regrettably hits out at fellow wananchi whether in support or not.
the best bet right now is for MPs to get back to and control the parliamentary processes and calendar so as to push forward minimal reforms. Even RAO who is legally now the PM is still referred to as PM designate, 30+ days after signing of the agreement, and 2 weeks after making the necessary enactment into law.
There simply was no time limit for this process and the cat and mouse games can persist up to 2012 and beyond.
Today in a special program, the world.org had some information about Lebanon. The country operates without a president after one resigned and took a loan to reconstruct her nation after the civil war. The international community did not send the much needed dollars for reconstruction. They borrowed the money and now pay about $ 4 billion per year in interest alone.
Our politicians think that they can ruin our stable nation and then the international community to come behind us and fund our mess. Liberia and Sierraleone are still reeling from years of plunder and chaos and South Sudan still struggles to keep her government functioning despite the promises made by donors. Those now singing about forcing things or using chaos to bring about change will be suprised that they will ultimately bear the pain of their own creation. Some academic politician who are not realistic will say anything that comes into their mouth.
What all these things teaches me at least for now is not to put my whole hope in politics. I believe we as the common people will have to defend our freedoms and property if the government cannot do that and if the opposition uses as pawn to achieve their political goals. We have lost so much that we do not care losing even our own lives. At least we want our future generations not to be subjected to the indignity we faced at the hands of maraunding Kalenjin worriors.
good points
“Our politicians think that they can ruin our stable nation and then the international community to come behind us and fund our mess”
“I believe we as the common people will have to defend our freedoms and property if the government cannot do that”
“At least we want our future generations not to be subjected to the indignity”
like the good points too…..tnk…….
Can somebody help me what’s happening with mugabe, he never used to bahave this way ? where did he learn not to announce elections in time?
kk always good to hear from you. look forward to a time when kenya can be led by sober minded pple whether in politics, public service, church, business or other sector. you kk belong right up there.
hey men, once a thief always a thief.
i believe without sactions, this mwizi kibaki will not name balanced cabinet.
why cant ODm climd don to 24ministries including vp
agent for change, do we think a thief will share stollen property in his possession?
all the ODMers must realise what kibaki is upto and we tell him as such
i hope all will be sworn in under the new constitution including hon kibaki ,uniformed service generals ,police commissioner ,chief justice ,attoney general.
…………………………………………………………………………………………………………………………
………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
this is neccessitated by the inclusion in our constitution of the coalition agreement accord.when kibaki was sworn in at night this was not part of that constitution.the new constitution with the new act therefore invalidates the previous oaths taken………………………………………
can raila pleaase stand up and tell ODM frayernity what caused him to endorse the SAFARICOM IPO?
please do not hesitate to tell us the whole truth and nothing but the truth now…
we have reliable information that you may have been compromised to join the club…
this is totally against the wishes of ODM ers
tell us the reason now we have bought teh shares…..
the laibon
hi Odmers
To say the truth i dont know if the safaricom deal is fully clean the people who can tell us is Kimunya,Nyongo and RAO what iam certain is that on sunday we will have our new cabinet in place than RAO as prime minister and Nyongo as planning minister should make sure that the deal and any other deal made by the govt is within law.
Agent for change and ODMers,
Its simple. RAO had no option here. Every politician and govt officia plus business community know who this mo-bi-tel-ea thing is BUT as usual noone wants to cast the first stone and publicly name them.
The deal isnt clean but its overtaken by events. Look forward and invest. Leave the details to the next parliament or leadership to unearth i.e decide to go public with the names.
Now this is what you call inferior mind and intelligence. Why should muthaura change what has been agreed on. Its sad we will spend alot fighting over cabinet issues while Kenyans continue to suffer. I respect old men but not of this group and calibre. I wonder why on earth some 3million plus voted for these folks. Only God can kelp us-i still have cautious optimism though I fear for the ordinary folk