the deal wrote:Biggest mistake TCL made was buying Civicon..CEO was young and perhaps overrated ..he failed to read that the Chinese were here & scooping all construction tenders...worse Uhuru was looking East....have TCL not issued that bond to buy civicon they would have been fine....i think they based the decision on a few successful projects...if the business was that good...why were the owners cashing out? ....once made money hyping this stock...after the RVF debacle...I ran away...its a sad story really...TCL should have been the poster child of Kenyan industrilisation...but now we have the chinese...are china & kenya's interests aligned? Same story with eveready....china is the worst enemy for Africa's industrilisation...
That's very point on. However, from a different perspective my take is.
1. When we praise our leaders for intelligence and political and economic suvvay in protecting the countries young sugar industry that is not read as patronage but prudence, why double standard with TCL. TCL choose a different path to chart a new line of productivity in a sovereign state that did not do it in a similar manner before. The risk taken is huge and the potential is equally enormous. Just imagine, how many transformers are being installed in Kenya and the shortfall with demand. It's almost a fact in Kenya That, as for every born jew boy on eighth day he will get a cut, so is getting connected to KPLC once you are within the 600m radius of a transformer. Thus, connectivity is limited by availability of transformers. Making transformers locally both boost the government agenda and kplcs mission to hook every feasible customer to power and boost revenues as well as spur growth of the nation. The government should be a front runner of protecting it's nationals patriotism, pride, heritage, relevance, strategic positioning on the world map by developing policies that address the plight of well mastered ideologies that encourage the survival of this nation. Failure to, SUCH important sectors has banking, telecommunication, agriculture big Giants at perial of politicized skewed lease renewals, nascent petrol and mining sector would not have taken shape.
@Obiero's list to an investor was point on. But for the progress of the nation and growth of nse, it's a list of shame that needs someone throwing a proper spanner onto.
2. Huge world wide multinationals like Samsung started small, were protected and now are global competitors well protected and coveted by their native companies and across the globe. Naturing talent to make a star that we hide under the table kick and muddy for being the star we wanted is high order hypocrisy and is disgusting to mention.
3. Whether East or west it's Kenyans who will feel the heat/wrath of matting the dragon or whoever has no interest of the nation at heart and then in dismay after having made our bed lie in it with tears and stand for solidarity or whatever political or blah blah.
,Behold, a sower went forth to sow;....