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Railways upgrade
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Sober
#1 Posted : Tuesday, August 02, 2011 9:48:36 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
And now RVR is having a 15b loan to upgrade the system. 7.5billion addition from the current shareholders including citadel who are on a 25 years ownership deal.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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young
#2 Posted : Tuesday, August 02, 2011 9:57:37 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
Sober wrote:
And now RVR is having a 15b loan to upgrade the system. 7.5billion addition from the current shareholders including citadel who are on a 25 years ownership deal.


I hope it will be a reality as they have been planning for years.
Kenya deserves it. Hope they will link up with Kampala ?
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Sober
#3 Posted : Tuesday, August 02, 2011 10:30:01 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
@young.
This will work out, as i am speaking there is a SUB-station being put up at embakasi as an interchange for the train from JKIA headed to the CBD.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Barrywhite
#4 Posted : Wednesday, August 03, 2011 12:00:47 PM
Rank: Member

Joined: 12/2/2009
Posts: 286
Location: Nairobi
@Sober: The sub-station has been stalled for the past two months. Hope this is the jab it needed to continue.
The laudable is more often than not rendered laughable by overclaim
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ngapat
#5 Posted : Wednesday, August 03, 2011 12:11:12 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
Equity is one of the financiers (2B). Finally the bank is now breaking into corporate lending, another plus for member
“Invest in yourself. Your career is the engine of your wealth.”
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Cde Monomotapa
#6 Posted : Wednesday, August 03, 2011 12:17:04 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
ngapat wrote:
Equity is one of the financiers (2B). Finally the bank is now breaking into corporate lending, another plus for member

Related parties, nkt!!
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selah
#7 Posted : Wednesday, August 03, 2011 12:36:45 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
ngapat wrote:
Equity is one of the financiers (2B). Finally the bank is now breaking into corporate lending, another plus for member


I dont think you can call it that(a plus) at the moment unless the Gov guaranteed the loan.

The reason being TCL,centum and other shareholders have pumped several billions to date and most of the cash has either been written off or turned into equity.Take for instance Centum it issued a loan of several million then they were forced to turn the loan into equity which they sold at a loss eventually.

B4 RVR turns around it will need such a huge investment that is akin to setting up A new railway infrastructure.


'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Cde Monomotapa
#8 Posted : Wednesday, August 03, 2011 12:45:37 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
selah wrote:
ngapat wrote:
Equity is one of the financiers (2B). Finally the bank is now breaking into corporate lending, another plus for member


I dont think you can call it that(a plus) at the moment unless the Gov guaranteed the loan.

The reason being TCL,centum and other shareholders have pumped several billions to date and most of the cash has either been written off or turned into equity.Take for instance Centum it issued a loan of several million then they were forced to turn the loan into equity which they sold at a loss eventually.

B4 RVR turns around it will need such a huge investment that is akin to setting up A new railway infrastructure.



at least 5yrs...
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selah
#9 Posted : Wednesday, August 03, 2011 1:41:06 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
Recent results showed I think 60M in EBITDA,Net earning would have been several millions in the Red due to its High Interest, depreciation and amortization costs.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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2012
#10 Posted : Wednesday, August 03, 2011 2:24:01 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Wa! TCL is really taking a pounding today. Down 6%.

BBI will solve it :)
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