heri wrote:Sufficiently Philanga....thropic wrote:Sufficiently Philanga....thropic wrote:littledove wrote:even with peaceful conclusion of election the rally lasted only for two days supported by only few counters with
very weak demand, what is happening?
Nothing is happening only that the incoming leader's past history does not inspire any confidence.
The road ahead will be long and hard akin to the Moi years.
Promotion to the highest level of incompetence is what elections in KE, and i guess the rest of Africa, is all about. Look at the crooks the masses have taken to parliament!
The stock market is a sophisticated market(not a fish market) and only works and flourishes where the Formal sector, and not the Informal sector thrives.
Extremely sad to see the Pride of Kenya for the last 2 decades(Safaricom) losing 31% of its value in 100days.
Although we can place the currency devaluation, reduction in MTR and the Ethiopian entry as some of the reasons, the biggest reason here is political interference with a view to milking the company to the ground.
I just hope it doesn't go the KPLC way, which plunged from KES.15 in 2013 to the current price of KES.1.5 when some people took over the management of the energy sector!
Extremely sad!!!
Sad. What happened to those fairy tales that Vodacom calls the shots or have they also eaten enough?
Vodacom pia wanagula huko.
The move to place Safaricom under Vodacom was a wrong move.
Late Bob collymore and Michael Joseph were against the move but Vodafone the major shareholder went ahead with the decision.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle