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Uchumi FY15 Loss of Ksh. 3.42 Bn
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maka
#11 Posted : Wednesday, December 02, 2015 3:32:36 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
MaichBlack wrote:
dunkang wrote:
A "Governor Njoroge + Kipng'etich" vs "Uhuru + Ruto" election contest can be very interesting. No tribalism issues, just honesty.

This would be a pure dream team!!!

In some western countries, certain groups would have already sent emissaries to them trying to convince them to run and even organizing fundraisers for their campaign kitty if and when they agree to run.

But ile ubarathuli, upumbavu, ujinga na ukabila iko Kenya haiwezi turuhusu!!!


True our own worst enemies....
possunt quia posse videntur
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Othelo
#12 Posted : Wednesday, December 02, 2015 4:46:12 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
maka wrote:
MaichBlack wrote:
dunkang wrote:
A "Governor Njoroge + Kipng'etich" vs "Uhuru + Ruto" election contest can be very interesting. No tribalism issues, just honesty.

This would be a pure dream team!!!

In some western countries, certain groups would have already sent emissaries to them trying to convince them to run and even organizing fundraisers for their campaign kitty if and when they agree to run.

But ile ubarathuli, upumbavu, ujinga na ukabila iko Kenya haiwezi turuhusu!!!


True our own worst enemies....

My village mates would not even know who the duo are. For them the name(s) kwancha hiyo ya Governor afadhali Baba. In 1992, i voted for Kibaki deep in the shaggs mudus and they managed to mulika that it was me!!!! Crazy!!!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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VituVingiSana
#13 Posted : Wednesday, December 02, 2015 5:57:24 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
Good luck to Kipng'etich. I will stay away until I see green shoots. It may cost me more to wait but after the recent string of disappointments it is better to wait for Kip/Kimani to prove itself.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mlennyma
#14 Posted : Wednesday, December 02, 2015 6:00:21 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
VituVingiSana wrote:
Good luck to Kipng'etich. I will stay away until I see green shoots. It may cost me more to wait but after the recent string of disappointments it is better to wait for Kip/Kimani to prove itself.

a second fall should have left only trapped shareholders inside .
"Don't let the fear of losing be greater than the excitement of winning."
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maka
#15 Posted : Thursday, December 03, 2015 7:14:11 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Was on Citizen business news jana....made me a believer.Has a clear,simple,well thought out plan on how to turnaround the company....great guy.
possunt quia posse videntur
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mlennyma
#16 Posted : Thursday, December 03, 2015 9:59:38 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
maka wrote:
Was on Citizen business news jana....made me a believer.Has a clear,simple,well thought out plan on how to turnaround the company....great guy.

its only corruption which brought down uchumi and blind expansion like mawingu of kq,imagine managers acting as suppliers and tenderers
"Don't let the fear of losing be greater than the excitement of winning."
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doubletap
#17 Posted : Thursday, December 03, 2015 8:05:47 PM
Rank: Member

Joined: 7/17/2014
Posts: 132
Location: Wherethewindblows
Rich management interview
link
You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
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dunkang
#18 Posted : Friday, December 04, 2015 6:48:53 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
mlennyma wrote:
maka wrote:
Was on Citizen business news jana....made me a believer.Has a clear,simple,well thought out plan on how to turnaround the company....great guy.

its only corruption which brought down uchumi and blind expansion like mawingu of kq,imagine managers acting as suppliers and tenderers

And conflict of interest. Imagine a manager at Uchumi also been the landlord to the same uchumi.

Money meant to pay suppliers is diverted to other activities where managers have interests and kickbacks.
Receive with simplicity everything that happens to you.” ― Rashi

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Wakanyugi
#19 Posted : Saturday, December 05, 2015 12:17:16 PM
Rank: Veteran

Joined: 7/3/2007
Posts: 1,635
dunkang wrote:
Wah. Kipng'etich is the man.

I would like to know Why did he left Equity Bank.

A "Governor Njoroge + Kipng'etich" vs "Uhuru + Ruto" election contest can be very interesting. No tribalism issues, just honesty.


The cycles of Uchumi boom and bust have something in common 'the thieving hand of government ownership.' Or at least the moral hazard that makes managers and board take the company to the cleaners every time because, after all it is 'mali ya uma,' something the government reinforces every time it comes in with rescue packages, a la KQ.

If Kipngetich is serious about charting a permanent new path, he must find a way to privatize Uchumi fully, even if it means through sale or merger.

Get rid of government control. Otherwise the cycle will repeat.
"The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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Ericsson
#20 Posted : Saturday, December 05, 2015 12:24:19 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
@Wakanyugi
Govt is not the largest shareholder in Uchumi;its Jamii Bora Group.
Were it not for them protecting their investment Uchumi could have reached ICU like Mumias and KQ but they acted timely before the situation became catastrophic.
They invested a big chunk of money in the rights issue last year and didn't want to see their investment go to waste.
They are were the spearheaders in recruiting Kipngetich.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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