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Tale of Transcentury CEO exit, Sh8b Debt
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sparkly
#31 Posted : Sunday, January 24, 2016 1:26:23 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
kryptonite wrote:
Spikes wrote:
kryptonite wrote:
Spikes wrote:
MaichBlack wrote:
hisah wrote:
TCL convertible bond now similar to KQ's fuel hedging gamble gone horrible.

Enough case studies for MBA classes!!!


We need researchers a.k.a think tanks Seabury and Mckinsey. No need of MBA case studies are just cliches in modern corporates perpetuating corruption and massive looting of public and investor resources. There is a paradigm shift in the way things are done in companies.



Former CEO is a McKinsey 'alumnus'


Really?


Really.

"Dr. Gachao Kiuna, Ph.D. has been the Chief Executive Officer and Managing Director of Transcentury Limited since 2008. Dr. Kiuna joined Transcentury Limited from McKinsey & Company in Johannesburg, where he involved in advising corporate clients in emerging markets on corporate finance and strategy. He was a Member of the Office Leadership Group leading Sub-Saharan Africa Practice at McKinsey & Company. Dr. Kiuna was the Principal Consultant that led the McKinsey assignment to develop the Vision 2030 project for the Government of Kenya."

See full bio here...


A case of too much book smarts and inadequate street smarts.
Life is short. Live passionately.
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  | | Edit by user: Sunday, January 24, 2016 1:28 PM | Reason: Not specified
Spikes
#32 Posted : Sunday, January 24, 2016 2:30:12 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
sparkly wrote:
kryptonite wrote:
Spikes wrote:
kryptonite wrote:
Spikes wrote:
MaichBlack wrote:
hisah wrote:
TCL convertible bond now similar to KQ's fuel hedging gamble gone horrible.

Enough case studies for MBA classes!!!


We need researchers a.k.a think tanks Seabury and Mckinsey. No need of MBA case studies are just cliches in modern corporates perpetuating corruption and massive looting of public and investor resources. There is a paradigm shift in the way things are done in companies.



Former CEO is a McKinsey 'alumnus'


Really?


Really.

"Dr. Gachao Kiuna, Ph.D. has been the Chief Executive Officer and Managing Director of Transcentury Limited since 2008. Dr. Kiuna joined Transcentury Limited from McKinsey & Company in Johannesburg, where he involved in advising corporate clients in emerging markets on corporate finance and strategy. He was a Member of the Office Leadership Group leading Sub-Saharan Africa Practice at McKinsey & Company. Dr. Kiuna was the Principal Consultant that led the McKinsey assignment to develop the Vision 2030 project for the Government of Kenya."

See full bio here...


A case of too much book smarts and inadequate street smarts.


Now after holding such credentials how come TCL is due to go under with investor funds on his full watch? Is he an accomplice of the broader scheme who must have amassed wealth in form of kickbacks? What went long leading to his exit?
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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  | | Edit by user: Sunday, January 24, 2016 2:31 PM | Reason: Not specified
Kusadikika
#33 Posted : Sunday, January 24, 2016 2:57:23 PM
Rank: Elder

Joined: 7/22/2008
Posts: 2,721
Spikes wrote:
sparkly wrote:
kryptonite wrote:
Spikes wrote:
kryptonite wrote:
Spikes wrote:
MaichBlack wrote:
hisah wrote:
TCL convertible bond now similar to KQ's fuel hedging gamble gone horrible.

Enough case studies for MBA classes!!!


We need researchers a.k.a think tanks Seabury and Mckinsey. No need of MBA case studies are just cliches in modern corporates perpetuating corruption and massive looting of public and investor resources. There is a paradigm shift in the way things are done in companies.



Former CEO is a McKinsey 'alumnus'


Really?


Really.

"Dr. Gachao Kiuna, Ph.D. has been the Chief Executive Officer and Managing Director of Transcentury Limited since 2008. Dr. Kiuna joined Transcentury Limited from McKinsey & Company in Johannesburg, where he involved in advising corporate clients in emerging markets on corporate finance and strategy. He was a Member of the Office Leadership Group leading Sub-Saharan Africa Practice at McKinsey & Company. Dr. Kiuna was the Principal Consultant that led the McKinsey assignment to develop the Vision 2030 project for the Government of Kenya."

See full bio here...


A case of too much book smarts and inadequate street smarts.


Now after holding such credentials how come TCL is due to go under with investor funds on his full watch? Is he an accomplice of the broader scheme who must have amassed wealth in form of kickbacks? What went long leading to his exit?


Did this man have the qualifications to be CEO. He training was in Biochemistry. His father is a major shareholder of TransCentury and the Chairman of Civicon, Transcentury's biggest blackhole:

http://www.civiconkenya....ut-us/board-of-directors
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VituVingiSana
#34 Posted : Sunday, January 24, 2016 3:53:33 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
kryptonite wrote:
Spikes wrote:
kryptonite wrote:
Spikes wrote:
MaichBlack wrote:
hisah wrote:
TCL convertible bond now similar to KQ's fuel hedging gamble gone horrible.

Enough case studies for MBA classes!!!


We need researchers a.k.a think tanks Seabury and Mckinsey. No need of MBA case studies are just cliches in modern corporates perpetuating corruption and massive looting of public and investor resources. There is a paradigm shift in the way things are done in companies.



Former CEO is a McKinsey 'alumnus'


Really?


Really.

"Dr. Gachao Kiuna, Ph.D. has been the Chief Executive Officer and Managing Director of Transcentury Limited since 2008. Dr. Kiuna joined Transcentury Limited from McKinsey & Company in Johannesburg, where he involved in advising corporate clients in emerging markets on corporate finance and strategy. He was a Member of the Office Leadership Group leading Sub-Saharan Africa Practice at McKinsey & Company. Dr. Kiuna was the Principal Consultant that led the McKinsey assignment to develop the Vision 2030 project for the Government of Kenya."

See full bio here...

Also explains the debt-fueled black hole that is Vision2030
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  |
VituVingiSana
#35 Posted : Sunday, January 24, 2016 4:12:01 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Kusadikika wrote:
Spikes wrote:
sparkly wrote:
kryptonite wrote:
Spikes wrote:
kryptonite wrote:
Spikes wrote:
MaichBlack wrote:
[quote=hisah]TCL convertible bond now similar to KQ's fuel hedging gamble gone horrible.

Enough case studies for MBA classes!!!


We need researchers a.k.a think tanks Seabury and Mckinsey. No need of MBA case studies are just cliches in modern corporates perpetuating corruption and massive looting of public and investor resources. There is a paradigm shift in the way things are done in companies.



Former CEO is a McKinsey 'alumnus'


Really?


Really.

"Dr. Gachao Kiuna, Ph.D. has been the Chief Executive Officer and Managing Director of Transcentury Limited since 2008. Dr. Kiuna joined Transcentury Limited from McKinsey & Company in Johannesburg, where he involved in advising corporate clients in emerging markets on corporate finance and strategy. He was a Member of the Office Leadership Group leading Sub-Saharan Africa Practice at McKinsey & Company. Dr. Kiuna was the Principal Consultant that led the McKinsey assignment to develop the Vision 2030 project for the Government of Kenya."

See full bio here...


A case of too much book smarts and inadequate street smarts.


Now after holding such credentials how come TCL is due to go under with investor funds on his full watch? Is he an accomplice of the broader scheme who must have amassed wealth in form of kickbacks? What went long leading to his exit?


Did this man have the qualifications to be CEO. He training was in Biochemistry. His father is a major shareholder of TransCentury and the Chairman of Civicon, Transcentury's biggest blackhole:

http://www.civiconkenya....t-us/board-of-directors[/quote]
Baba. There were others in TCL who were also kids of the founders. I am not sure if they are still in TCL or have left.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  |
Spikes
#36 Posted : Sunday, January 24, 2016 4:15:28 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
VituVingiSana wrote:
kryptonite wrote:
Spikes wrote:
kryptonite wrote:
Spikes wrote:
MaichBlack wrote:
hisah wrote:
TCL convertible bond now similar to KQ's fuel hedging gamble gone horrible.

Enough case studies for MBA classes!!!


We need researchers a.k.a think tanks Seabury and Mckinsey. No need of MBA case studies are just cliches in modern corporates perpetuating corruption and massive looting of public and investor resources. There is a paradigm shift in the way things are done in companies.



Former CEO is a McKinsey 'alumnus'


Really?


Really.

"Dr. Gachao Kiuna, Ph.D. has been the Chief Executive Officer and Managing Director of Transcentury Limited since 2008. Dr. Kiuna joined Transcentury Limited from McKinsey & Company in Johannesburg, where he involved in advising corporate clients in emerging markets on corporate finance and strategy. He was a Member of the Office Leadership Group leading Sub-Saharan Africa Practice at McKinsey & Company. Dr. Kiuna was the Principal Consultant that led the McKinsey assignment to develop the Vision 2030 project for the Government of Kenya."

See full bio here...

Also explains the debt-fueled black hole that is Vision2030


This is the problem of Kenyan government entrusting its resources on impractical people.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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  |
kollabo
#37 Posted : Monday, January 25, 2016 11:22:59 AM
Rank: Veteran

Joined: 2/3/2012
Posts: 1,317
Seems like Horsey family used the proceeds of Transcentury buy-in to build Vipingo Ridge.
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  |
sparkly
#38 Posted : Monday, January 25, 2016 11:45:49 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Spikes wrote:
VituVingiSana wrote:
kryptonite wrote:
Spikes wrote:
kryptonite wrote:
Spikes wrote:
MaichBlack wrote:
hisah wrote:
TCL convertible bond now similar to KQ's fuel hedging gamble gone horrible.

Enough case studies for MBA classes!!!


We need researchers a.k.a think tanks Seabury and Mckinsey. No need of MBA case studies are just cliches in modern corporates perpetuating corruption and massive looting of public and investor resources. There is a paradigm shift in the way things are done in companies.



Former CEO is a McKinsey 'alumnus'


Really?


Really.

"Dr. Gachao Kiuna, Ph.D. has been the Chief Executive Officer and Managing Director of Transcentury Limited since 2008. Dr. Kiuna joined Transcentury Limited from McKinsey & Company in Johannesburg, where he involved in advising corporate clients in emerging markets on corporate finance and strategy. He was a Member of the Office Leadership Group leading Sub-Saharan Africa Practice at McKinsey & Company. Dr. Kiuna was the Principal Consultant that led the McKinsey assignment to develop the Vision 2030 project for the Government of Kenya."

See full bio here...

Also explains the debt-fueled black hole that is Vision2030


This is the problem of Kenyan government entrusting its resources on impractical people.


I am now officially worried for Kenya.
Life is short. Live passionately.
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  |
Kusadikika
#39 Posted : Saturday, January 30, 2016 4:03:27 AM
Rank: Elder

Joined: 7/22/2008
Posts: 2,721
I think the last nail in this coffin has just been hammered in. Maybe this is where they had planned to get their 8 billion. Wooiiie.


http://www.nation.co.ke/news/Sh...10/-/p8s7xr/-/index.html
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  | | Edit by user: Saturday, January 30, 2016 6:16 AM | Reason: Not specified
Spikes
#40 Posted : Saturday, January 30, 2016 8:19:31 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Kusadikika wrote:
I think the last nail in this coffin has just been hammered in. Maybe this is where they had planned to get their 8 billion. Wooiiie.


http://www.nation.co.ke/news/Sh...10/-/p8s7xr/-/index.html


This is like material announcement. On Monday NSE let daily limits free for speculators to crouch in to form a strong plunge protection team-PPT. There will be great munching of the carcass by the vultures/speculators and gnawing of teeth by doves/investors. Expect mammoth feast.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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