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My dear Kenyan middle class;
Rank: Member Joined: 5/8/2008 Posts: 288
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kiash wrote:Cornelius Vanderbilt wrote: My dear Kenyan middle class;
If you weren't at the table when Gulf Energy & Centum negotiated the Kshs 170B Lamu coal power plant project in an area they have absolutely no experience in.
If you weren't there when Transcentury sold its stake to Egyptian Citadel making 5B from literally nothing with the Kenya Railways deal.
If you weren't signing on the paper when newly formed and acquired Civicon won the $38M deal at Turkana wind energy project.
If you don't sit on the Board of Twiga, Amboseli, Jetspace or Samburu in Dubai that are beneficiaries of Kshs 1.5B/Annum leasing contracts for your beloved KQ with Boeing and Embraer.
If you aren't the owner of the unknown shareholding 6.7% of PANG that has the sole digital distribution rights and access to 50B hijacked media advertising revenue.
If you aren't the secret local partner of Chinese shareholder of the shorehandling services in privatization of berth 11 - 14 at the port of Mombasa.
If you don't own any of the $6B (Kshs 600B) in building approvals in Nairobi county approved since its inception in 2013....
Then you simply don't belong. You may think you do but you don't. You think that if you read the business daily, or listen to bloomberg news or watch CNBC Africa that somehow you are "participating". That if you are a friend to a friend to a billionaire that somehow you are networked, or if you drink at the same bar or have him on your phonebook that somehow you are part of it as well.
You marvel at these deals and believe that they are somehow from financial ingenuity or extraordinary entrepreneurship completely ignoring state proximity and decades of patronage. You are an outsider, "my guy". You don't belong. You are the kid not invited to the party and are standing on a stool at the window trying peek in.
You look at the teachers striking with disdain, you view KNUT and opposition rallies as a "disruption" to your "pay-check to pay-check" life. You accept arguments from state formed billionaires that somehow 288,000 teachers requesting an extra kshs 5000 is completely and utterly unreasonable.
You may feel your fortunes are tied and shared, but trust me they aren't, you are the KYM that brings the coffee to the table while state patronage in its most resplendent occurs in the conference room. With all due respect, you are stupid. Do not worry @Cornelius Vanderbilt if at all you are the one who wrote the original thing.Some wazuans will insult you others congratulte you others will laugh and others will just say who do you think you are , this is how we live . Just be prepared to answer back @ Cornelius Vanderbilt This doesn't move me at all. I know couple of young Kenyans who have made it without any of such connections. Just look at informal sector - Gikomba, Luthuli, River road etc..
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Rank: Elder Joined: 10/4/2006 Posts: 13,821 Location: Nairobi
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obiero wrote:Rollins wrote:obiero wrote:corruption and sucess in Kenya are closely related. one wld be hard pressed to show me any succesful individual or firm in Kenya that isnt corrupt. its a shame, we celebrate the wrong people. i'd rather die poor than gain at the expense of the poor Says the man who trades on insider information My trades are not corrupt since the information gained by myself is shared, hence symmetrical. Asymmetry of information is what can be termed corrupt nope! this is actually the only way to make money on this planet! it usually boils down to knowing something someone else does not know! hence information Asymmetry! All Mushrooms are edible! Some Mushroom are only edible ONCE!
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Rank: Elder Joined: 7/1/2011 Posts: 8,804 Location: Nairobi
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masukuma wrote:obiero wrote:Rollins wrote:obiero wrote:corruption and sucess in Kenya are closely related. one wld be hard pressed to show me any succesful individual or firm in Kenya that isnt corrupt. its a shame, we celebrate the wrong people. i'd rather die poor than gain at the expense of the poor Says the man who trades on insider information My trades are not corrupt since the information gained by myself is shared, hence symmetrical. Asymmetry of information is what can be termed corrupt nope! this is actually the only way to make money on this planet! it usually boils down to knowing something someone else does not know! hence information Asymmetry! @masukuma, money is made and used, when knowledge is common but resources are biased in favor of various and exclusive activities. Hence the need for value exchange. If knowledge was purely asymmetrical then even currency wouldn't be possible since values would have no common denominator. Capital works behind a common prescribed value system. The economic system isn't the base.
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Rank: Elder Joined: 10/4/2006 Posts: 13,821 Location: Nairobi
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tycho wrote:
@masukuma, money is made and used, when knowledge is common but resources are biased in favor of various and exclusive activities. Hence the need for value exchange. If knowledge was purely asymmetrical then even currency wouldn't be possible since values would have no common denominator.
Capital works behind a common prescribed value system. The economic system isn't the base.
your problem is that you don't consider 'knowledge - a resource'! it's the key resource... the resource that makes all other 'resources' useful. Knowledge cannot be common and thus the asymmetrical nature the body of knowledge! All Mushrooms are edible! Some Mushroom are only edible ONCE!
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Rank: Elder Joined: 7/1/2011 Posts: 8,804 Location: Nairobi
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masukuma wrote:tycho wrote:
@masukuma, money is made and used, when knowledge is common but resources are biased in favor of various and exclusive activities. Hence the need for value exchange. If knowledge was purely asymmetrical then even currency wouldn't be possible since values would have no common denominator.
Capital works behind a common prescribed value system. The economic system isn't the base.
your problem is that you don't consider 'knowledge - a resource'! it's the key resource... the resource that makes all other 'resources' useful. Knowledge cannot be common and thus the asymmetrical nature the body of knowledge! That's not my problem. Knowledge is or may be a resource, but in this case it's to be considered differently. Probably as a given. Why? Because it's 'embodied', that is, being human automatically entails knowing something. The sense in which I use 'resource' is where there are two seperate entities and an extractive process involved. That's how oil, for example, is different from knowledge.
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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masukuma wrote:obiero wrote:Rollins wrote:obiero wrote:corruption and sucess in Kenya are closely related. one wld be hard pressed to show me any succesful individual or firm in Kenya that isnt corrupt. its a shame, we celebrate the wrong people. i'd rather die poor than gain at the expense of the poor Says the man who trades on insider information My trades are not corrupt since the information gained by myself is shared, hence symmetrical. Asymmetry of information is what can be termed corrupt nope! this is actually the only way to make money on this planet! it usually boils down to knowing something someone else does not know! hence information Asymmetry! True, if no one was left holding monkeys, the market just wouldn't work.
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Rank: Elder Joined: 7/1/2011 Posts: 8,804 Location: Nairobi
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whiteowl wrote:masukuma wrote:obiero wrote:Rollins wrote:obiero wrote:corruption and sucess in Kenya are closely related. one wld be hard pressed to show me any succesful individual or firm in Kenya that isnt corrupt. its a shame, we celebrate the wrong people. i'd rather die poor than gain at the expense of the poor Says the man who trades on insider information My trades are not corrupt since the information gained by myself is shared, hence symmetrical. Asymmetry of information is what can be termed corrupt nope! this is actually the only way to make money on this planet! it usually boils down to knowing something someone else does not know! hence information Asymmetry! True, if no one was left holding monkeys, the market just wouldn't work. Demand and supply is driven by 'holding monkeys'. How interesting!
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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Kenya’s emerging middle class is wealthier than peers in the developed economies such as Britain and the United States, a new report shows.
The Standard Chartered study, The Emerging Affluence Report 2015, also shows that Kenya's middle class saves six times more than their American and British financial peers in the West.
“Emerging affluent people in Africa and Asia plan to save as much as 30 per cent of their household income in the next year up from 26 per cent in the past year. This is more than six times the proportion set aside by people in Britain and the US,” said the report which polled 7,000 people in seven of Standard Chartered’s markets including Hong Kong, China, India, Indonesia, Kenya, Nigeria and Singapore.
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Rank: User Joined: 1/20/2014 Posts: 3,528
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Looks like the Country is doing great (except me) and we will be overtaking everbody in Africa .... Soonest!!!!! Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Elder Joined: 10/4/2006 Posts: 13,821 Location: Nairobi
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I think kila mtu alijileta nairobi.... All Mushrooms are edible! Some Mushroom are only edible ONCE!
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Rank: Veteran Joined: 6/23/2014 Posts: 1,652
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Only 68,676 or 2.89 per cent of formal sector employees in Kenya earn more than Sh100,000 per month, according to newly released data, showing a widening income gap in the country. Mido CrassHutia Mundu!!
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Rank: Elder Joined: 7/1/2011 Posts: 8,804 Location: Nairobi
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masukuma wrote:I think kila mtu alijileta nairobi.... Seriously? Wengine wamezaliwa Nairobi. Ama kuzaliwa ni kujileta?
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Wamunyota wrote:Only 68,676 or 2.89 per cent of formal sector employees in Kenya earn more than Sh100,000 per month, according to newly released data, showing a widening income gap in the country. Mido Crass You mean all these wazuans in the blue section earn less than 100K per month with all those trade volumes on NSE? I suspect the Club SK guys are the ones earning more than 100K If Obiero did it, Who Am I?
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My dear Kenyan middle class;
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