The explanation is VERY VERY VERY EASY.
http://allafrica.com/stories/200807021083.html
July 2008 - A statement from Steadman Group board of directors said that Synovate had acquired 100 per cent interest in the company. The two companies yesterday said there would be no change in the management of Steadman business, but that a re-branding of the company would happen in the near future.
http://www.the-star.co.k...ld-french-research-firm
October 2011 - French based Ipsos announced yesterday it has acquired the entire Synovate business in Africa for close to Sh86.6 billion (£525 million) making it the third largest research firm in the world. Synovate operates in Kenya, Uganda, Tanzania, Ghana, Zambia and Mozambique.
As MD, what was Waititu's stake in the company? Ipsos paid 86.6 billion for 100% of Synovate's Africa business. How much did Synovate pay for the Steadman business? How large was the Kenya business relative to the Africa business? 30%, 40%, 50%, 60% or maybe even 70%? You can do the math.
Business when it takes off is far more profitable than Kenyan's obsession with buying and selling land. Hapana shangaa na the 'sudden wealth' of jirani yako without realizing they took business risks you were probably too scared to.
All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.