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Eddy Njoroge retires from KenGen
mukiha
#41 Posted : Thursday, November 29, 2012 7:38:56 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
CaptainGG wrote:
Let him retire, it was never a permanent position. We have other eligible Kenyans too. You complain Muthaura, Nyoike etc are old yet you still want them to remain in office. Kenyans are very strange.


And you are the strangest of them... have you heard @Ob1 kanobi complaining about the age of Muthaura, Nyoike etc?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Jamani
#42 Posted : Thursday, November 29, 2012 9:15:05 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
murchr wrote:
Jamani wrote:
murchr wrote:

I was referring to his decision to quit despite having a contract that would expire in 2015.


Quote from BD
“He quit for undisclosed personal reasons. It has nothing to do with the retirement age since we gave a new five year contract that was to run beyond the 60 years,” said a KenGen director who sought anonymity because he is not the board’s spokesperson.

Quote:
I will ignore the highlighted comment..... and wont google i already know the answers to it but will again question the alleged sh800M deal


murchr wrote:
Quote:
Stock price right now says nothing. I will say anything in 2030.

I agree with Itz. Eddy was/is top notch. Being a christian I guess he couldnt stand going against what is right
.

On the 800M do yourself a favor and join the Mpigs as they are interrogating him, when the time comes. He's still MD till next year


He already did us a favour by quitting much to your disappointment
Jamani
#43 Posted : Thursday, November 29, 2012 9:18:32 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
tajiri wrote:
Good riddance.. This guy borrowed money very expensively when the market for credit was cheap. To make matters worse, this was such a long term bond that will affect Kengen for years. He even went further to use the green shoe option to take the extra cash when he did not need it. Of course they were the institutional investors who bought the bonds..tax free income!! As an investor and shareholder of Kengen, I would have sacked him a long time ago.. He has tried to expand the organisation, given massive contracts to questionable organisations, ring fenced the IPPs resulting in expensive energy... Bye bye. This share will never recover, power remains expensive, cost of business continues to rise..


Facts as they are, plain and simple.Applause Applause
Jamani
#44 Posted : Thursday, November 29, 2012 9:22:31 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
tassia wrote:
Jamani wrote:
murchr wrote:

I was referring to his decision to quit despite having a contract that would expire in 2015.


Quote from BD
“He quit for undisclosed personal reasons. It has nothing to do with the retirement age since we gave a new five year contract that was to run beyond the 60 years,” said a KenGen director who sought anonymity because he is not the board’s spokesperson.


Where did BD get this silly comment. NTV aired a video of him stating the reasons for his resignation. Or may be BD means they are not disclosing the reasons to their readers even after Njoroge said it all?


You may read it for yourself in this link
2012
#45 Posted : Thursday, November 29, 2012 9:23:00 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
tajiri wrote:
Good riddance.. This guy borrowed money very expensively when the market for credit was cheap. To make matters worse, this was such a long term bond that will affect Kengen for years.


I think he did well. At least the next guy will be taking on a well established company. As for borrowing money expensively, there's no expensive money, it only becomes expensive if you don't use it well.

BBI will solve it
:)
sentinel prime
#46 Posted : Thursday, November 29, 2012 9:26:15 AM
Rank: New-farer

Joined: 11/12/2012
Posts: 92
murchr wrote:
sentinel prime wrote:
the stock price says it all.....and agrekko.


Stock price right now says nothing. I will say anything in 2030.

I agree with Itz. Eddy was/is top notch. Being a christian I guess he couldnt stand going against what is right.


if you look at the facts ....this **** has screwed kengen and Kenyans for the next 20 yrs or so.

is this your hero????
Jamani
#47 Posted : Thursday, November 29, 2012 9:29:35 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
sentinel prime wrote:
murchr wrote:
sentinel prime wrote:
the stock price says it all.....and agrekko.


Stock price right now says nothing. I will say anything in 2030.

I agree with Itz. Eddy was/is top notch. Being a christian I guess he couldnt stand going against what is right.


if you look at the facts ....this **** has screwed kengen and Kenyans for the next 20 yrs or so.

is this your hero????

No he is from my tribe....Laughing out loudly Laughing out loudly
King G
#48 Posted : Thursday, November 29, 2012 1:05:32 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
You guys realy like it when there is some blood on the streets!

Change is good, let Njoroge go. Kenya is not short of talent. He will be replaced by capable talent tribe or no tribe, religion or no religion.

Thieves
Jamani
#49 Posted : Thursday, November 29, 2012 1:44:55 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
King G wrote:
You guys realy like it when there is some blood on the streets!

Change is good, let Njoroge go. Kenya is not short of talent. He will be replaced by capable talent tribe or no tribe, religion or no religion.



Well said... and we are just saying it as it is, no blood, no love lost, no tribe no religion but the reality as it is... he did some good things, leaving with some bad allegations on him and he will be replaced with the right qualified person, from his tribe or any other.
josimar
#50 Posted : Thursday, November 29, 2012 2:21:38 PM
Rank: Member

Joined: 7/6/2010
Posts: 242
Truth of the matter is that the company has borrowed extensively to finance ongoing projects such as Olkaria 280mw geothermal project. The company has also embarked on ambitious expansion through PPP concept for 560 MW on the same Olkaria field.One wonders why the hurry yet.....
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