wazua Thu, Apr 30, 2026
Welcome Guest Search | Active Topics | Log In

2 Pages12>
Council turns to private capital in estates facelift
Options
Previous Topic · Next Topic
Burning Spear
#1 Posted : Tuesday, March 22, 2011 9:26:05 AM
Rank: Veteran

Joined: 7/22/2008
Posts: 1,139
The council will be issuing a private bond ksh 100bn for the estate facelifts.They plan to build highrise buildings and are now inviting consultants to map the way forward to the project.

Question,will this be actualised ??

kudos to the city council on the latest news.I hope this is not another white elephant but real walk the talk.

The council's estate are dilapidated and look like slums which should be given facelifts like yesterday.just look at shaurimoyo few meters from CBD,kaloleni,makongeni,ziwani and the rest and you will hate kanju.
"You're not supposed to be so blind with patriotism that you can't face reality. Wrong is wrong, no matter who says it". Malcolm X
Back to top
  |
Burning Spear
#2 Posted : Tuesday, March 22, 2011 9:27:54 AM
Rank: Veteran

Joined: 7/22/2008
Posts: 1,139
link iko hapa

http://www.businessdaily.../-/4k315iz/-/index.html

Jisomee
"You're not supposed to be so blind with patriotism that you can't face reality. Wrong is wrong, no matter who says it". Malcolm X
Back to top
  |
Wendz
#3 Posted : Tuesday, March 22, 2011 10:30:49 AM
Rank: Elder

Joined: 6/19/2008
Posts: 4,268
Burning Spear wrote:
link iko hapa

http://www.businessdaily.../-/4k315iz/-/index.html

Jisomee


Halleluyah!! this is a good investment opportunity for the dare devils.... but, eeeeeh, i will let it pass.
Back to top
  |
McReggae
#4 Posted : Tuesday, March 22, 2011 11:16:32 AM
Rank: Elder

Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
Not bad!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
Back to top
  |
tony stark
#5 Posted : Tuesday, March 22, 2011 12:12:43 PM
Rank: Veteran

Joined: 7/8/2008
Posts: 947
The council is poor at managing it's current resources the only way it will work is if it privatizes the running and maintenance of the council houses etc.
I wish them all the luck but the only way i can invest in such a bond is if CBK/Gok act as security for the bond!
Back to top
  |
tony stark
#6 Posted : Tuesday, March 22, 2011 12:15:05 PM
Rank: Veteran

Joined: 7/8/2008
Posts: 947
To go of topic what does a council allotment letter mean? Is it similar to a title? Do banks and mortgage companies accept allotment letter from the council?
Back to top
  |
Sasha
#7 Posted : Tuesday, March 22, 2011 12:29:07 PM
Rank: Veteran

Joined: 9/5/2007
Posts: 627
@tony stark: Fat chance of that happening! Government would be stupid to the extreme to secure a municipal bond.

Considering the amount of revenue that the council is capable of collecting regularly, it would be a great investment. But under the current circumstances, I would not touch it with a barge pole!

There was a nice topic here that touched on municipals and how interesting they would be. See this http://wazua.co.ke/forum.aspx?g=posts&m=108204
Back to top
  | | Edit by user: Tuesday, March 22, 2011 12:31 PM | Reason: Not specified
tony stark
#8 Posted : Tuesday, March 22, 2011 12:54:59 PM
Rank: Veteran

Joined: 7/8/2008
Posts: 947
Sasha wrote:
@tony stark: Fat chance of that happening! Government would be stupid to the extreme to secure a municipal bond.

Considering the amount of revenue that the council is capable of collecting regularly, it would be a great investment. But under the current circumstances, I would not touch it with a barge pole!

There was a nice topic here that touched on municipals and how interesting they would be. See this http://wazua.co.ke/forum.aspx?g=posts&m=108204


The only way i would trust a municipal bond in Kenya is if it is backed by the government. The default rate is lower for municipal bonds compared to corporate bonds but that is in the west in Kenya i would expect a huge reversal with municipal bonds having a pathetic default rate.
If government does not secure the bond i can only trust the council if the whole process from managing and all that relates to the bond is under control by a reliable sub contracted private fund!
Interesting discussion on the thread! I always thought it was too deep(read boring) now i just have to read the whole thread. Interesting.
Cheers
Back to top
  |
Burning Spear
#9 Posted : Tuesday, March 22, 2011 2:57:32 PM
Rank: Veteran

Joined: 7/22/2008
Posts: 1,139
tony stark wrote:
The council is poor at managing it's current resources the only way it will work is if it privatizes the running and maintenance of the council houses etc.
I wish them all the luck but the only way i can invest in such a bond is if CBK/Gok act as security for the bond!



The govt may not back the council on this one unless the estates will be developed by the National Housing Cooporation.

As for me,though am happy with the estates facelifts,I would not touch this bond even if the returns would be more than the CBK bond returns,reason is the failure rate in kanju is more.Considering the corruption and mismanagement,it would be too risky of a bond to touch.
"You're not supposed to be so blind with patriotism that you can't face reality. Wrong is wrong, no matter who says it". Malcolm X
Back to top
  |
Sasha
#10 Posted : Tuesday, March 22, 2011 4:00:36 PM
Rank: Veteran

Joined: 9/5/2007
Posts: 627
@tony stark: True about default rates for municipals in the west. I would also imagine that if the council also chose to allocate more than 75% of the bond to corporates with a stake in the city, it would have many takers e.g. real estate developers and their subcontractors, schools/universities, transport companies etc! Only in a perfect world!
Back to top
  |
2 Pages12>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.