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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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Ericsson wrote:The FV gain on revaluation was the Mbagathi way land. Part of it was sold to NLC and KURA for construction of the upper hill to mbagathi way link road which has been completed and open to motorists Asante. So they owned land pale Mbagathi Way and sold a huge chunk for 2bn? I am trying to get my head around it. Or they sold a small portion and revalued the rest? In this day and age, I am leery of revaluations unless they can really be sold for the revalued amounts. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Spokesperson's Office State House, Nairobi Friday, 19th June 2020 Press Statement *President Kenyatta nominates Ms Nancy Janet Kabui Gathungu for position of Auditor General* His Excellency President Uhuru Kenyatta has nominated Ms Nancy Janet Kabui Gathungu for the position of Auditor General. Ms Gathungu was the first among the top three (3) candidates presented to His Excellency the President for nomination by the Recruitment Panel for the Selection of the Auditor General as set out in law. Consequently, His Excellency the President has forwarded the name of Ms Nancy Janet Kabui Gathungu to the National Assembly for vetting. Kanze Dena Mararo Spokesperson In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Angelica _ann wrote:Spokesperson's Office
State House, Nairobi
Friday, 19th June 2020
Press Statement
*President Kenyatta nominates Ms Nancy Janet Kabui Gathungu for position of Auditor General*
His Excellency President Uhuru Kenyatta has nominated Ms Nancy Janet Kabui Gathungu for the position of Auditor General.
Ms Gathungu was the first among the top three (3) candidates presented to His Excellency the President for nomination by the Recruitment Panel for the Selection of the Auditor General as set out in law.
Consequently, His Excellency the President has forwarded the name of Ms Nancy Janet Kabui Gathungu to the National Assembly for vetting.
Kanze Dena Mararo
Spokesperson Wacha hii mcheso wewe. Same post on 100 different threads! If Obiero did it, Who Am I?
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Angelica _ann wrote:Spokesperson's Office
State House, Nairobi
Friday, 19th June 2020
Press Statement
*President Kenyatta nominates Ms Nancy Janet Kabui Gathungu for position of Auditor General*
His Excellency President Uhuru Kenyatta has nominated Ms Nancy Janet Kabui Gathungu for the position of Auditor General.
Ms Gathungu was the first among the top three (3) candidates presented to His Excellency the President for nomination by the Recruitment Panel for the Selection of the Auditor General as set out in law.
Consequently, His Excellency the President has forwarded the name of Ms Nancy Janet Kabui Gathungu to the National Assembly for vetting.
Kanze Dena Mararo
Spokesperson Angelica_ann Watch and learn,told you by July 1st Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:The FV gain on revaluation was the Mbagathi way land. Part of it was sold to NLC and KURA for construction of the upper hill to mbagathi way link road which has been completed and open to motorists Asante. So they owned land pale Mbagathi Way and sold a huge chunk for 2bn? I am trying to get my head around it. Or they sold a small portion and revalued the rest? In this day and age, I am leery of revaluations unless they can really be sold for the revalued amounts. Sold a small portion for ksh.300mn and revalued the rest based on the pricing of the sale Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:The FV gain on revaluation was the Mbagathi way land. Part of it was sold to NLC and KURA for construction of the upper hill to mbagathi way link road which has been completed and open to motorists Asante. So they owned land pale Mbagathi Way and sold a huge chunk for 2bn? I am trying to get my head around it. Or they sold a small portion and revalued the rest? In this day and age, I am leery of revaluations unless they can really be sold for the revalued amounts. Sold a small portion for ksh.300mn and revalued the rest based on the pricing of the sale Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:Ericsson wrote:The FV gain on revaluation was the Mbagathi way land. Part of it was sold to NLC and KURA for construction of the upper hill to mbagathi way link road which has been completed and open to motorists Asante. So they owned land pale Mbagathi Way and sold a huge chunk for 2bn? I am trying to get my head around it. Or they sold a small portion and revalued the rest? In this day and age, I am leery of revaluations unless they can really be sold for the revalued amounts. Sold a small portion for ksh.300mn and revalued the rest based on the pricing of the sale Thanks. Though in this day and age can they sell the rest for the 2bn? Too bad KURA didn't buy the whole thing!  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:The FV gain on revaluation was the Mbagathi way land. Part of it was sold to NLC and KURA for construction of the upper hill to mbagathi way link road which has been completed and open to motorists Asante. So they owned land pale Mbagathi Way and sold a huge chunk for 2bn? I am trying to get my head around it. Or they sold a small portion and revalued the rest? In this day and age, I am leery of revaluations unless they can really be sold for the revalued amounts. Sold a small portion for ksh.300mn and revalued the rest based on the pricing of the sale Thanks. Though in this day and age can they sell the rest for the 2bn? Too bad KURA didn't buy the whole thing! Not a sale. Compulsory acquisition and compensation. Life is short. Live passionately.
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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sparkly wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:The FV gain on revaluation was the Mbagathi way land. Part of it was sold to NLC and KURA for construction of the upper hill to mbagathi way link road which has been completed and open to motorists Asante. So they owned land pale Mbagathi Way and sold a huge chunk for 2bn? I am trying to get my head around it. Or they sold a small portion and revalued the rest? In this day and age, I am leery of revaluations unless they can really be sold for the revalued amounts. Sold a small portion for ksh.300mn and revalued the rest based on the pricing of the sale Thanks. Though in this day and age can they sell the rest for the 2bn? Too bad KURA didn't buy the whole thing! Not a sale. Compulsory acquisition and compensation. Whats the difference. ,Behold, a sower went forth to sow;....
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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muandiwambeu wrote:sparkly wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:The FV gain on revaluation was the Mbagathi way land. Part of it was sold to NLC and KURA for construction of the upper hill to mbagathi way link road which has been completed and open to motorists Asante. So they owned land pale Mbagathi Way and sold a huge chunk for 2bn? I am trying to get my head around it. Or they sold a small portion and revalued the rest? In this day and age, I am leery of revaluations unless they can really be sold for the revalued amounts. Sold a small portion for ksh.300mn and revalued the rest based on the pricing of the sale Thanks. Though in this day and age can they sell the rest for the 2bn? Too bad KURA didn't buy the whole thing! Not a sale. Compulsory acquisition and compensation. Whats the difference. Too bad KURA didn't forcibly acquire the whole thing for 2bn! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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