@MaichBlack
Similar to what happened to us here in Kenya when they came with the SAPs (Structural Adjustment Plans).

The developed nations have so much spending power in their countries with most of the wealth in the world there. They literally have us by the balls. Eg travel advisories cripple the tourism sector in the snap of a finger, kenya shillings value collapses. Biggest exchange earner is remittances, well deny us visas and we fall down further

Obama came and signed some anti money laundering with UK whereby anyone from majuu who wires money more than $10,000 the cbk should report to IRS.then IRS will audit your past filings to see if your money is legit .I think most of diaspora work hard and send much money home. Those guys want their money to stay in their countries.they have been keeping note of record shattering wire remittance Kenyans do. "THIS ATTRACTED THEIR ATTENTION" hence treaty Obama signed.
I repeat once the western realise that there is something that threatens their survival then they will do anything to protect their interest.

Nonsense. Stop conning folks. In any case, we do the same. We complain when expats send money to their 'homes' just as @Ericsson complained about 'foreign ownership' but when I asked about Kenyans owning firms in Rwanda, TZ and UG... there was no response.

To summarize: "We don't want foreign investment that requires a return" but "We want a return when we invest in other countries"

@VituVingiSana
Punguza emotions
@Watesh was making a point that we need the West more than they need us.
Any change of law they do hurts us most than when we do the same.
I gave u response on the issue of foreign ownership since u hadn't understood my point.
Take time and understand what one says before commenting with statements like nonsense

@VituVingiSana
I explained to you foreign ownership and foreign investment are two different things.
From the examples you gave of KK,Equity in Uganda and Rwanda,KCB in South Sudan that is foreign investment.
What as a country we should allow is investors the opportunity to setup their companies here and do business competing with local companies as well.
What problems does Kenya Re have does require foreign ownership capital inadequacy,loss making institution,huge debt.
That is where i disputed your point that gava should sell 51% stake to a foreign investor looking for gateway to Africa.
When local companies are sold to foreign investors there is normally an underlying reason.
Give me one local company that was sold and I will give u the underlying reason.

@VituVingiSana
I explained to you foreign ownership and foreign investment are two different things. What's the difference between "foreign ownership" and "foreign investment"?

From the examples you gave of KK, Equity in Uganda and Rwanda, KCB in South Sudan that is foreign investment.
Hopefully, after you explain what 'foreign investment' is I might understand what you mean by the above.
What as a country we should allow is investors the opportunity to setup their companies here and do business competing with local companies as well.
What problems does Kenya Re have does require foreign ownership capital inadequacy, loss making institution, huge debt.
Does a firm have to have a problem for a foreign investor to invest in it?
There has to be an underlying reason why a company is sold to foreigners; get the difference between foreign ownership and investment. Foreign ownership means foreigners have control of the running affairs of the company; foreign investment is foreigners playing speculation game like me and you; buy share price low and sell high.

Read the caption about ARM, Uchumi and Nakumatt in business daily on searching for a foreign owner as a strategic investor. There has to be an underlying reason.

That is where I disputed your point that gava should sell 51% stake to a foreign investor looking for gateway to Africa.
Does Kenya Re have the capital & expertise to aggressively expand into South, Central, North & West Africa and compete with South African, Moroccan & Nigerian firms?

Kenya Re already has a subsidiary in West Africa operating from Abidjan, Ivory Coast.
For Southern Africa they are setting up a subsidiary to be based in Lusaka, Zambia.
As for capital, Kenya Re have a lot of money so capital isn’t a problem. Check their balance sheet in the 2014 Annual Report and 2015 Half Year Report.
They are normally cautious in their expansion i.e. ROI has to be justified before expanding else the money is invested in Government Securities, Quoted shares in NSE,Corporate bonds or fixed deposit accounts. That is the reason their profitability doesn’t experience wild swings even in a bear market because of their investment portfolio mix and you don't hear them writing down an investment.
Expertise you can hire without ceding control; reason why companies look for foreign ownership is capital.

For CMC they also lost exclusivity of the VW brand to DT Dobie

@ Ericsson - I give up. How about this... you are right. I will still advocate and hope a 'foreign investor/owner' OR a 'local investor/owner' will buy my KenRe shares for a substantial premium. It doesn't matter to me who buys coz the color of the payment to me will remain BLACK.

You said "From the examples you gave of KK, Equity in Uganda and Rwanda, KCB in South Sudan that is foreign investment." Then you said "Foreign ownership means foreigners have control of the running affairs of the company; foreign investment is foreigners playing speculation game like me and you; buy share price low and sell high."

That's when I gave up. If you cannot see the inconsistency in your statement, then I cannot help you.

Within a reasonable (not after 10 years) time frame & at USD 0.49/share (currently 50/- with KES 102/$)... YES