Bingo.
That's why I chose EABL & Bamburi. They are in industries (& sell products) that have been around for centuries. And likely to be around for my lifetime. They already pay decent dividends [with hiccups at times] & can generate the cash-flow to pay dividends, under normal circumstances, in the future.
The management is seconded from large & experienced parents & not based on 'personality' cults.

@Pesa Nane I see you have decided to reset the question and mark for yourself.

Shall we contribute to the survey? thank you.

Good capital gains follow good dividend payments.

Value wins over growth any time.

EABL is a good counter but the $250mn debt by Diageo weighs heavily on the counter till they are now selling assets to prop the results.
In that respect I would put Kenya Re instead.

VituVingi
GOK ownership also has positive aspects to a company where it holds stakes not only negative.
Safaricom which is doing well also has a bigger GOK ownership than KCB.

The stake/ownership is less relevant than control. Vodafone controls Safaricom. GoK controls KenRe. Same for KenGen or KPLC.
KCB - I think GoK has lots of influence but not absolute control.
NBK - GoK (& NSSF) controls it
EAPCC - Despite LaFarge's significant stake, GoK has control.

Overall, I'd rather NOT have GoK controlling a firm I am invested in.

* I have KenRe coz of its substantial cash & near cash [about 16/-], the CEO [who I admit I like & seems a serious chap] and the nature of the business [WB likes Reinsurance for the long-term] BUT that does not make it into my "let me buy and forget it until I turn 65" list because of GoK's control*

@guru267 GOK earlier this year increased the rate of cessions to KenRe to 20% and extended them for another 5 years (so I guess to end in early 2020). By then, if serikali is still broke, they may consider some asset disposals! I anticipate a small bonus and/or increased dividend for year ending 2015.

Add on top of that WTO in Nairobi have hit a deadlock on a number of issues favouring developing countries like us.
China gave us the sh.10.5bn loan so that we don't raise any issue about unfair practices to nations like us.

I have always wondered why Africa cannot organise themselves and create some serious trading block and development fund!!!

Well, who is the fool here?
In general terms, we (Kenya, EAC, Africa) do not believe in R&D. Let's look at farming. We are still using implements used 1,000 years ago. While the Americans are starting to use tractors with GPS on mega-farms, our farmers [with 3 wives & 20 kids] are sub-dividing 10 acre plots into 1 acre plots.

How many engineers does Kenya produce?
How many does China produce? Or India? These were also 3rd world [India still is] in 1963. What about South Korea? Even North Korea?

Can a Kenyan firm assemble [not even manufacture] a cost-effective kabambe mobile phone?

Back to the core topic...

EABL - A solid firm with a pedigree. It sells an ancient product but innovates thanks to support from its parent.

Bamburi - Cement has been produced for millennia but new technologies are changing the game. New products, new types of cement and new applications. Support from extensive R&D conducted by its parent.

*BTW, Equity is changing the game & has decimated BBK & SCBK by being INNOVATIVE. That is what counts not expecting favors just because a firm is 'local' coz that line is old. Look at Kenya's protected sugar producers. The only reason I don't have Equity as a 'lifetime' stock is coz of the uncertain succession.*