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Friday, March 28, 2008

Breaking News: Raila Now Supports Safaricom IPO

ODM leader and Prime Minister designate has issued a statement supporting the Safaricom IPO with some reservations which he says "will be sorted out later."

I hereby reproduce the two statements he has made today.

Let me take this early opportunity to say that I HAVE NOT changed my position one inch. I will post a more detailed article later. Am still in shock.

STATEMENT BY HON. RAILA ODINGA, PRIME MINISTER-DESIGNATE, ON TODAY’S SAFARICOM OFFERING

As you are aware, President Kibaki this morning launched the Safaricom IPO. I want to state that despite our concerns about this offering, we want to encourage ordinary Kenyans to take advantage of this offering.

I discussed with President Kibaki in our meeting the contentious issues about this sale that we have raised publicly, and I am hopeful we will be able resolve them.

In the meantime, there are hundreds of thousands of ordinary Kenyans who are ready to buy Safaricom shares, and we do not wish to discourage them. We believe the shares are under-priced, and therefore their prices seem likely to rise.

But what we have strenuously objected to is that more than one third of these shares have been reserved for “foreign” investors, many of whom will no doubt turn out to be Kenyans with overseas funds.

This blue chip company was supported and built by the hard earned money of our taxpayers, and Kenyans should therefore be given the first opportunity to buy as many of them as they wish to. In addition, real efforts should be made to make these purchases more accessible by Kenyans in all the regions and in all walks of life.

There is also the continuing issue of the Safaricom shares worth five billion shillings owned by MOBITELEA, the identity of whose owners continue to be kept secret and who acquired the shares in mysterious circumstances and not as a “true investment.” They should not be allowed to unjustly enrich themselves by selling these shares as part of the share offering. It is imperative that authorities “ring fence” Mobitelea’s holdings so that they are not secretly offloaded now.

In conclusion, let me encourage as many Kenyans as possible to fully participate in this offering.

STATEMENT BY HON. RAILA ODINGA, PRIME MINISTER-DESIGNATE, ON TODAY’S MEETING WITH PRESIDENT KIBAKI

As spelled out in the National Accord and Reconciliation Act 2008, President Kibaki and I held our second meeting today to further discuss the formation of a Cabinet. This Act specifies, in Section 4 (3), that “the composition of the coalition government shall at all times reflect the relative parliamentary strength of the respective parties and shall at all times take into account the principle of portfolio balance.”

In addition to this provision, we also revisited the issues of the size of the cabinet and the allocation of portfolios to ODM and PNU. But we have been unable to reach a consensus so far.

On Cabinet size, PNU continues to prefer 44 ministries. Such a bloated cabinet, I am afraid, is not good for the country. We would like to see a lean cabinet, of no more than 34 ministries, since the President had already appointed 17 ministers. A lean cabinet is necessary not only because we need to contain public expenditure at a time when there is such abject poverty and deprivation among our people, but also because a leaner cabinet can more efficiently deliver on the services and policies that Kenyans need.

As discussions continue, we must keep in mind that the public would like to see us eliminate wasteful public expenditures, and a bloated cabinet would portray us as disconnected from the mood of the country and set a bad example for curtailing other wastefulness. .

The other key outstanding issue is portfolio balance. On that issue as well, no consensus has been reached, with the other side preferring to retain the most important ministries. This is contrary to the cardinal principle of power sharing that is at the heart of the new arrangements.

In signing the Agreement of Principles that was part of the Act, both President Kibaki and I agreed that “we were stepping forward together, as political leaders, to overcome the current crisis and to set the country on a new path. As partners in a new coalition government, we commit ourselves to work together in good faith as true partners, through constant consultations and willingness to compromise.”

This is the spirit we must resurrect as we continue our discussions.

What The Kroll report says about the Mobitelea ownership

55 comments:

kalamari said...

If Raila has said so, I will obey and rush to buy some Safaricom shares (I hope I'm not too late). Mwangi and Njoroge, please don’t finish for Odhiambo and Ogutu. PKW, how does it feel to be somewhat vindicated?
Oh and Chris, please don’t claim I'm indulging, condoning or supporting corruption. Like Raila says, we will investigate these things later.

What if it turns out that the first statement is cheap PNU propaganda?

Anonymous said...

If I said, I knew this was coming, people here would have called all names. The question still lingers why did Raila change his mind about this sale? He is naming some 'foreigners' as potential buyers and calling them at the same time 'Kenyans living abroad'. Does this mean we stop being Kenyan just because we live outside Kenya? And are we not the ones sending billions of Shillings home each year to support our families? So are we not entitled to buy shares in Kenya just the same of some other real foreigners will do (just to name those of South Africa and Nigeria who have already expressed a great interest and are pushing for the sale to go through since weeks).
Questions over questions - and for sure there will be no answer ever given. The same applies to the mysterious 5 % owner. Why on earth is it not possible to find out who he is? Or is he protected by the 'law' of some crooks like all the culprits of the past?
Poor Kenya - and Annan will just shake his head. I am sure that this was coming. He was not very optimistic in his last statements before leaving. If a politician says 'let's hope' - and not 'I am sure' then you better prepare yourself for the worst. And the worst is still to come.

Anonymous said...

spin 180 degree, then spin 180 degree, and again and again. ever see a cat/dog chasing its tail just before it falls over dizzy with exhaustion having achieved absolutely nothing.

i'm an ODM damu but this is stupid. that statement could and should have been made 3 months ago with more analytical detail provided.

sorry but on this issue, this is extremely poor leadership

Proud Kikuyu Woman said...

Ha ha big deal! Now Safarciom is good and the IPO is a clean deal because Raila thinks so?
For the rest, does it now become moral to buy?

Taabu said...

Kalamari please your fill. And whether it is NOw moral that should be the answer and not teh question. Raila can spew all he wants with eyes on cabinet but that doesn't take away the truth of fraud. A juvenile yawn for jubilation to those smiling with glee.

deroo said...

Haiya,

He has said that we can buy. What about the Nyongo threat??? Like the one a day before the Accord wsa signed.

Aihh!!! Now because Raila has said that people can buy the shares ODM members who are opposed to it will mad-rush and it will not be joining forces with the adui again.

-Derek-

Anonymous said...

Raila said just days ago he good advisers. But on the and on some things said in the past few weeks, he obviously has some stupid people around him who tell him what ever he wants to hear and not because they have thought it through. Bad, real bad governance I would call this. Raila's entry into the world of politics is tainted right from the start. Get your act together, Raila Odinga. You are playing with the future of Kenya and its people. This is not some soccer match which ends after 90 minutes. You did not even catch a draw yet. You are still dancing to the tunes of the Mt. Kenya Kikuyus.

Phil said...

NOT SO FAST

Chris has conveniently albeit intentionally forgotten to publish the (ODM) 'advertiser's announcement' that was all over the print media today.

ODM cannot dictate to Kenyans how to spend there money. But as part of government, they have the moral obligation to advise Kenyans and potential investors about the perils of dealing with these Anglo-fleecers.

Additionally, one must appreciate Raila's position in present day Kenya. It is as if Chris would prefer Raila remains an activist for the rest of his life! Chris, please read Raila's statement between the lines. That is a STATESMAN talking - not a political party activist.

I do not know whether 'encouraging Kenyans to participate' is the same as 'supporting'. PKW? Chris?

Here it is; the(ODM) Advertiser's Announcement:

CAVEAT EMPTOR

The ODM and ODM fraternity hereby puts the Kenya public and the intending investors both local and foreign on notice that there are serious irregularities and flouting of established legal procedures in the Safaricom IPO. The Capital Markets Authority Act and Regulations together with the new Privatisation Act, 2005 provisions have NOT been complied with at all in the proposed privatisation.

Even though the Privatisation Commission as required under Section 3 of the Privatisation Act, 2005 has been formed,the commissioners appointed have been completely sidelined and the privatisation programme under Section 17 has been wholly ignored. In addition, there are serious issues of conflict of interest in the participation of the transaction Consultants and Advisors.

Full disclosure and due compliance as required under Capital Markets Authority Act and the Rules governing the operations of the Nairobi Stock Exchange have been ignored and the public and investors would be engaging in a futile risk investment with non-disclosed entities and details. All the irregularities that were pointed out in the Parliamentary Investment Committee (PIC) Report of 2007 have not been rectified to date.

We hereby therefore put the public and the intending investors on NOTICE that any participation in the Safaricom IPO and the purchases of shares will be at the purchaser's risk as to the legal and subsequent administrative punitive measures and financial loss that will result therefrom.

Signed PROF. PETER AYANG NYONGO (Secretary)

Signed HON. OMINGO MAGARA (Treasurer)

Nuff SAID

Anonymous said...

I told you yesterday that the ODM mandarins were waiting for their "cut" to be banked abroad before endosing the IPO. I doubt, however, they got what they wanted; instead my bet is that they got a rain cheque. Anyway, that is not the point. The point is, for those who were arming themselves to go and loot and burn Safaricom property all I can say is - sorry thugs, your Maximum Leader has changed the tune and would like you to go and buy the shares instead. If I were you I would go and tell him to use his "divine" powers and turn the stones and crowbars into shillings so that you can participate in the IPO. I know this hurts, but that is what happens when you allow a binadamu to carry your brains for you. It is a pity that opportunities go by while you wait for self-serving proclaimations to be issued by Maximum Leader. Unless you break out of these poverty-inducing mental prisons, mutakufa masikini without a doubt.

Anonymous said...

I said before, why did ODM make a 180 degree, I hope these guys read these blogs because these blogs will be the ones giving Kenyans a perspective very different from what the Gazzeti's in Kenya spew. I have seen here that ODM is being gauged higher that PNU, we don't expect them to be dilly-dallying like this. Soon people will lose any small respect they had in ODM. Now, on the day the IPO is launched, RO tells Kenyans, "go ahead and by"? Does he know while some people had gone ahead and placed their applications, others had dismissed this thing...Chris being one such person. Now, as others have already started securing their accounts, we who were optimistic have to start to catch up. If the shares will be oversubscribed and are offered on a first come first get basis, then we will be fried. Please, don't play games with Kenyans.

Rhymmemaster

Anonymous said...

Phil, please be serious and don't expect Kenyans to read between the lines. What is meant, is printed black on white. Otherwise you call for some imagination and phantasy reading which tomorrow you and others will tell us 'but we did not say this, we did not mean it. We meant what was published. So, please, even though I understand your heart goes out to Raila, don't find excuses for him. He made these statements and he should learn to stick to what he says. And most of all, he should control what others of ODM say in public. The PNU people don't take anybody of ODM serious. They take them by the nose and make fools out of them. They just wait for more mistakes and then the 'game' is won. This is Kibaki, the fox, and for now the dice is cast in his favour.

Anonymous said...

What happened to the mass action Prof Anyang Nyongo had promised. Poor fellow, he failaed to consult his (I mean RAILA'S) head before opening his mouth. He has become another ODM marionette and a Raila toilet paper. Ouchi! it hurts to see a whole professor descend that low just to get a ministerial flag!!

Taabu said...

Phil you don't have to justify anything or everything. The IPO sinks to high heavens and anything can be politically sanitized. fidelity to the truth is what morality is all about. You don't blow hot and cold at the same time and seperate that with tags of stateman and activists. Better stay an honest and reponsible activist rather than crave to be a wavy nationalist. Kwani is the later edible?

Abass said...

Phil, things like 'statesman' etc are excuses to run away from the truth. Now tell me, what has changed in the last few months to make Raila change his mind? Like he became a statesman now all of a sudden? The worst he could have done was remain silent and not endorse it.

Anonymous said...

Phil, it appears you have exiled your common sense to Siberia. I hope you are just doing your master's bidding and you don't expect us to swallow your turtured arguments. You can say that the emperor is wearing his birthday suit or bathing suit or whatever. But the fact is, the emperor is naked this time and even kindergateners can see it. Period!

luke said...

Chris whats wrong? personally i think the Prime Minister Designate is showing us the way to go-nowadays i have begun to play a round or two of golf, i do enjoy wearing the occassional pink shirts to work, and now why not i can buy shares in EA most profitable company?I am not just part of the Kenyan economy-I AM the economy
Please wake up Chris-this is the new reality-stop day dreaming!how many times is a man allowed to change his mind?limitless and no one here can claim that they never second-guessed themseleves before
I for one am enjoying the ride-stress free all the way to Nyaga&Co. stockbrokers

Anonymous said...

i think we need to start impacting our leaders beyond the election day. we need to get some kind of teeth to bite errant leadership.

our political leaders have so entrenched themselves and forgotten that any form of leadership is a purely transitional state of affairs.

even parents, yes they continue to be the parents to the end of their lives but their leadership is called upon in various instances throughout the growing history of each child and that should not have to repeat themselves if true leadership and counsel is provided in each stage of growth and need. but our leaders want to remain in fixed positions from when they wedge their foot in the order, till death do us part.

i saw this somewhere and i think he's right. set term limits for MPs and then lets agitate for term limits for cabinet appointments as well. 8 years as cabinet minister and 10 as assistant minister or total 9 if mixed and a total max of 15 years for MPs. that way an MP can choose wisely whether or not to serve under an executive authority or wait till his preferred president or PM is in authority.

but above all we need a legal instrument such as 10% signatures from the registered voters in a constituency presented to bunge or another ECK (one not led by kubafu kivuitu) can force a by election. in fact i think 5% should immediately set a reaction in parliament such as suspension of pay and from bunge and when it hits 10% there is an automatic vacancy delcaration.

we however must find a way to ensure that consituents are nor murdered by desperate MPs.

please people remember this when we get to constitution amendment / referendum (if ever)

chris said...

Phil,

What Raila Odinga has done today to the dreams, hopes and aspirations of Kenyans can never be excused or spin doctored to mean something else.

Yesterday he spoke clearly and castigated Kimunya. Today he has spoken equally clearly and proved Kimunya correct.

He is not leading, he is confusing.

You're my very good friend Phil and I love and admire you, but sorry, I am not with you on this one.

-Kumekucha-

Anonymous said...

Ati wanafikili Safaricom IPO ni mpila wa kadada. This is a different ball game. Tell them to ask for guidance from the boys and girls from the slopes before they start importing and mixing up metephors and exposing their lakeside ignorance.

Anonymous said...

chris

did raila actually write prime minister-designate on that statement or did you just throw that in there to give it some weight.

its rather frivolous.

imagine all future doctors signing documents (Dr, to be) or fiancees (Mrs soon to be).

this is real life, you either are or are not. otherwise, i should correctly sign off on this as (His Excellency the President & Commander in Chief Army hoping to be one day of kenya)

i have said before am ODM damu, but the actions lately of ODM think tank are immature. Maybe its those coast excursions, maybe its boredom or safaricom, but they need to start focusing on the issues contained in the ODM manifestos and get away from this playing tag along with PNU schemes.

like someone said earlier, the benchmark for ODM is way much higher and this is not time to stoop and engage in PNU tricks.

Just like in school days, some went to books right away while others were chasing rats, cats, girls and boys and making it look like a lot of fun.

Phil said...

Chris;

Has what Raila said changed the truth about (possible) fraud?

Also, you havent answered me....I do not know whether 'encouraging Kenyans to participate' is the same as 'supporting'.

Perhaps, you want to challenge me 'live' on chat?

Anonymous said...

SOME OF THESE COMMENTS!!! THESE PEOPLE DID NOT READ THE ARTICLE, THEY SIMPLY LOOKED AT THE TITLE & RUSHED HERE TO COMMENT..OK PKW, DERO, 9:51, 9:53, 10:59 ETC
RAILA IS NOT DOING A 180 ON THE KENYANS, CAN YOU READ THE DETAILS OF THAT STATEMENT, ODM IS STATING THAT THEY WILL NOT DISCOURAGE ANY KENYAN FROM BUYING THE SHARES BUT THE POTENTIAL INVESTORS SHOULD BE AWARE OF THE UNDERLYING THREAT, ISSUES THAT NEED TO BE SORTED OUT. AND BE IT NOW OR LATER THEY WILL GET TO THE BOTTOM OF IT.
THAT IS CLEAR LEADERSHIP!

THAT IS THE MESSAGE!!!!!!

Anonymous said...

All those who are calling Phil names for worshiping Raila openly need to be careful if they expect to apply for government jobs through ODM. Just listen to this scoop: The party is introducing a meter provisionally called ODMeter which will be used to read the applications to measure the levels of railamania in the blood of the applicants. Insiders say the sole interpreter of the meter readings will be non other than RAO. You friends out there with independent minds, mouths, and typing fingers, don't say I didn't warn you.

Anonymous said...

Anon 12:34 - stop dreaming and trying to twist the meaning of words. What's the difference between 'not discouraging Kenyans to buy' and 'suppoorting it'? This statement clearly advises Kenyans (and foreigners) to buy shares and just in case something somewhere goes wrong in the future, they talk about 'being aware of the underlying threat'. What shit is this? Clear Leadership? I hope you meant it as a joke, otherwise I advise you to see your doctor to have your brain checked - since you are clearly showing some ODM-brainwashing. I agree with the post PKW has published here: when it comes to business, it's only the Kikuyus who know how to deal with it. Sorry, but Raila has proved it right now: he still has a long way to learn how to play in the big league - for now he has not even outgrown Primary School. And don't blame the people around him. They only do and say what he tells them - nothing more and nothing less. So don't go to the bottom to find the culprit - start at the top.

Anonymous said...

Raila is not stupid. He wanted to give the Mt. Kenya people (his in-laws) a headstart in buying the IPO shares so that they can grow richer. That way, when the time comes for new elections he can blame them for the poverty of ODM followers. And you know what, they will believe him and re-elect him again. The guy has rigged his followers' brains in advance. What does that say about people like you Phil?

Anonymous said...

i used to work for a chute and so happened to be in charge of physical stock , whenever something went missing i would blow a storm until the person resposible would flash their eyes and then i would shut up like nothing was wrong.later that day the person would pass me an envelop and every body was happy , this is exactly what happened here , ODM was just blowing because a storm because they were not getting a single crumb from the deal now that kimunya has winked at Raila all is well and all kenyans of goodwill should not only invest but invest hugely after all this is our baby.

Anonymous said...

just look at the list of names below and tell me why this is not a PNU party fund raiser

===
The launch, at Kenyatta International Conference Centre, was colourful, with an acrobatic show against a backdrop of a state-of-the-art digital artwork. It was graced by the who-is-who in the corporate world of the Kenyan telephony industry.

Vice-President, Mr Kalonzo Musyoka, Information minister, Mr Samuel Poghisio, his PS, Dr Bitange Ndemo, Head of Civil Service, Mr Francis Muthaura, Finance PS, Mr Joseph Kinyua and the chairman of the Privatisation Commission, Prof Peter Kimuyu, were present.

Others were Safaricom chairman, Mr Nicholas Ng’ang’a, the company CEO, Mr Michael Joseph, Investment Secretary, Ms Esther Koimett, and Nairobi Stock Exchange chairman, Mr Jimnah Mbaru

===

there are soem ODMers who sincerely beleive this is a once in a lifetime deal. and so I hope that you will pay to fund the PNU kitty, just as you did when matatus raised their fares, and now uhuru kenyatta has introduced yet another fund raising committee through the shuttle service.

can you imagine that, its unthinkable to pay 80 bob from umo to tau, but its ok to pay 50 to staddy and 20 to tau.

kweli kenyans are rich and money does indeed grow on trees

Anonymous said...

Phil, you are the biggest turn-coat I have known. Are you the same person who kept on asking people to quote Raila on this issue? You are simply a man with no principles, Last week you write here that you have information that the cabinet will be ready on Saturday, Then Tuesday and one week later, the two men are fighting. You said that your man 'wherever he is' told you to wait for the ODM line-up. How? and they have not even agreed on the number of members for the cabinet. stop confusions.

Njoroge Stanley, the Earl of Kabeteshire. (Now living and working in Nevada). I have ordered for the minimum number of shares today. To prove that Kenya can run without the money ODM collected worldwide for campaigns.

chris said...

Anon at 12.31

I have added nothing I reproduced the statements as they were issued by ODM.

Phil if ur still around I am this minute heading to the chat room

Let's meet there.

-Kumekucha-

Anonymous said...

i have never seen so many green eyed pnu members flocking here to abuse Raila?? my question is who has stopped you to buy safaricom?? we odmers were already informed not to buy- please go check the list of buyers:)I dare you?? I work here and most buyers names start with muruiki, nyawera, wambui. njenga e.t.c
so Raila already warned his people!! they ain't buying i can tell you that with full confidence:) I think you are fools not to have seen Raila's signal to his people!! by the way I'm a kikuyu and it is mostly kikuyu's i can see on this list!! so if the ship sinks??............you get my drift?? and most of this people were buying with loans given to them by bank referrals!! I hope this ship will not sink because if it does then most will not be able to service there loans!! god help us -i hope kimunyu minister knows what he is doing!! I work here but i didn't not buy shares ! six sense told me not to! good luck to all that bought or in the process of buying- I still maintain to all of you most of my list reads central?
why?? is that??

Anonymous said...

hey kumekucha?? most of all my friends in Nairobi aint buying?? and this are really high flyer's kikuyu's like me?? have good jobs and money?? why?? I asked them? they said that the competition coming on will defineately lower the value of safaricom shares?? and i tend to agree with them- any one thinking on the same lines??

Anonymous said...

HEY GUYS I HEAR ON THE GROUND ATI IT IS CENTRAL BUYING MOST SHARES FROM A BANKER FRIEND OF MINE- SHE HAS APPROVED MANY LOANS FROM PEOPLE FROM CENTRAL FOR BUYING SAFARICOM SHARES??

MY QUESTION IS WHAT DO OTHERS KNOW NOT TO BUY?? IF THEY ARE ALL THAT GOOS A DEAL?? WHY ARE OTHER PEOPLE FROM OTHER PROVINCES NOT BUYING !!SHE EVEN MENTIONED THAT THIER SISTER BRUNCH IN MOMBASA MOST OF THE LOAN APPLICATIONS ARE STILL PEOPLE FROM CENTRAL?

SEEMS TO ME RAILA ALREADY WARNED HIS FOLLOWERS IN ADVANCE AND WHAT HE SAYS IN THE PAPERS IS EXACTLY WAHT HE SAID TO HIS PEOPLE!! BUY AT YOYR OWN RISK -BECAUSE WHEN WE START SCRUTINIZING WHO ARE BEHIND MOBITELEA !!WE DO NOT WANT YOU TO BE CAUGHT UP IN THE MAYHAM- SO KEEP CLEAR OF THIS SINKING SHIP:)
i THINK HE IS A GENIUS - IF YOU LOOK AT RAILA'S SPEECH HE IS ACTUALLY SAYING EXACTLY THAT:)

KUMEKUCHA PLEASE POST MY COMMENTS- IT IS REALLY INTERESTING WHEN ONE NOTES WHAT THIS BANK MANAGER SAID!!

Anonymous said...

what is the noise?? Raila in a coded message told us not to buy shares:) so what is the quarrel on here??? phil told you to read between the lines or send anyone in western, nyanza, Rift valley or even Nairobi!!any none kikuyu on the streets or go to a pub in nairobi and ask people who is buying safaricom shares?? you will get your answer!!

Raila gave the single last week :) we ain't buying:) who is foolish enough to go and get a loan to buy shares when we have no idea the direction in which the country is heading?? people have to hold on to their money!! safaricom?? what????? who is safaricom:)

Anonymous said...

kenyans know! they will not be hard again!!! some are still nursing nyaga scandal!! ha!!ha!! pengine the kikuyu's in the diaspora the ones that went to see Prime Minister Brown- making a statement that all other kenyans are lazy except for the kikuyu's can now make themselves rich for a few minutes by buying this shares in safaricom- it is called the five minute fame game!! it will not last watch and wait!! a hand full of people will be billionaires and the rest will be wondering how to pay their bank loans!! pole sana!! for the fools that proceed to buy this corrupt safaricom shares!!if you do not know the game of venture capitals and sink with the ship then do not blame anyone.

mark my words those share will dive down and you will not be able to sell them for a long long time- in fact the only way you will sale will be at a loss - but the people with larger share meaning the main partners of safaricom wakina mobitelea will have made their billions and will have moved on to the next venture!

Anonymous said...

Anonymous Anonymous said...

Phil, you are the biggest turn-coat I have known.

Phil is right you can scream all you like it will not change anything:) we ain't buying- go check with your guys at safaricom who is buying?? Raila said it all!!do not buy!! we received the single clearly!!

Anonymous said...

Blogger kalamari said...

If Raila has said so, I will obey and rush to buy some Safaricom shares (I hope I'm not too late). Mwangi and Njoroge, please don’t finish for Odhiambo and Ogutu. PKW, how does it feel to be somewhat vindicated?


WORD ON THE STREET AND THE MOOD ID TOTALLY DIFFERENT ON THIS SAFARICOM SHARES!!

been on the ground doing a survey!! i will report to you! central and diaspora from central buying - not the other tribes maybe a few- i pass that on to the mixed marriages:):) but to tell you the truth - everywhere we have been talking to professionals and in our local drinking holes- people ain't buying it! they say Raila send them a signal not to buy?? I m not sure how that was done -we are still looking in to that- but kenyans are seating back at least the lawyers- corporate managers and the normal hard working wanaichi's on the streets............not sure why they keep saying they are waiting for another provider expected to hit the market?? anyone with the idea which one is that?? i have not heard of one as yet?

Anonymous said...

1:17 PM TAKE YOUR FOLLY AWAY FROM MY COMMENT, YOUR ANALYSIS IS PATHETIC TO SAY THE LEAST, YOU NEED A EEG VISIT, WHAT DO YOU HAVE IN YOUR HEAD, EGGS???

WATCH THIS SPACE, YOU ARE ONE CLUELESS BEING!!!

Anonymous said...

Now he is supporting Safaricom IPO when none of the conditions which made them want its postponement have changed.

Who does not know that the reason the IPO is not open to public and statutory scrutiny is bcoz the Mt kenya group want at least 10% of the 25% being floated?This is something that can be only dealt with "later" by reversing the IPO.

Anonymous said...

To serious investors, it does not matter whether Raila or Kibaki support this IPO. The Kengen one was oversubscribed without their direct or indirect support. For those who waited for Railas endorsement of the IPO to make up their mind, I am sorry to say you have displayed your naiveté.

Buying shares is totally different from supporting PNU or ODM, people make investment decisions for their own good and they don’t share the benefits they reap with their neighbours, clans, tribes and fellow political party members.

The Safaricom IPO is going to a great success story with or without support of ODM or PNU. The company good performance speaks for itself. So if want to buy, go ahead and buy your shares and don’t do it because ODM or Raila support it now. Kisuri chajiuza kibaya chajitebeza

Anonymous said...

The mafia just want to do a nyaga or a thuo on us! Never! Tumia pesa zenu.let odmers survive without the safcom ipo.kwani what do u think we were doing with our monies before this mobitelea ipo thing.huko siendi!never!

Anonymous said...

game plan of mt kenya mafia is to egg on kenyans then turn round and reward all their kikuyu brothers and sisters by giving them inside information on when to sell- tribal warfare is still own?? si we know they don't share information!!BUT ENRICH THEIR OWN PEOPLE!! LOOK AT IT FROM THE 60'S THE LAND DEALS- KENYANS WOULD BE VERY STUPID TO BE TAKEN FOR A RIDE YET AGAIN!! ONLY KIKUYU'S WILL BENEFIT FROM THE SAFARICOM VENTURE- THE REST OF THE INVESTORS FROM OTHER TRIBES WILL BE CRYING FOWL BUT IT WILL BE TOO LATE!!MY PITY IS TO THOSE FOOLS WHO BUYS THIS SHARES- YOU WILL NEVER GET RICH IF YOU AIN'T KIKUYU!! WHO MAY I ASK WILL GIVE YOU THE INSIDE INFORMATION?? TO SELL IN TIME BEFORE THE SHIP SINKS IN THE FUTURE WHEN KENYANS HAVE MOVED OWN TO THE NEXT VENTURE AND NOBODY IS PAYING ATTENTION AND IT BECOMES ANOTHER TRADE BANK OR NYAGA AFFAIR?? EH??

Anonymous said...

hey kenyans look at all the other ventures - check out which ordinary kenyan has made any money? then make your decision:) you will find that most kenyans have been taken for a ride time and time again-

if you believe in getting rich in a corrupt way and that is what safaricom is all about then welcome to the corrupt club- it has nothing to do with pnu or odm!! it just stinks corruption!!

Anonymous said...

The shares of Safaricom are subject to the laws of supply and demand. If there is a time to undercut PNU, this is it. If even 25pc of the county refrains form subscribing, that will send the stock crashing and teach those thieves a lesson the won't forget.

Anonymous said...

WHY WOULD I BE MAKING MORE MONEY FOR BIWOTT AND GIDEON MOI?(MOBITELEA)???
i WASN'T BORN A FOOL!!HAVEN'T THEY STOLEN ENOUGH FROM KENYANS??? THIS PEOPLE ARE WORTH $ MILLION MAYBE BILLIONS AND TO THINK I COULD STOOP SO LOW WITH GREED TO HELP THEM STICK THEIR THIEVING FINGERS IN MORE PIES(KENYANS HARD WORKING PEOPLES MONEY) PLUS MY OWN!!NO SUCH LUCK!! ONLY BLINDED FOOLS WILL MISS THE POINT AND TRY TO CONVINCE EACH OTHER THAT THEY ARE BUYING THIS SHARE TO GET RICH!! DO LOOK AT THE BROADER PICTURE FIRST BEFORE TINTING YOUR NAMES WITH CROOKS - IT IS PUBLIC KNOWLEDGE THEY HAVE STOLEN MONEY FROM THE PEOPLE OF KENYAN THROUGH SHADY GOVERNMENT DEALS THROUGH THE YEARS AND NOW YOU ARE ENCOURAGING THEM TO DO MORE DAMAGE!!NOPE IT AIN'T HAPPENING WITH MY HARD EARNED SHILLINGS AND I DON'T CARE WHAT PEOPLE ON KUMEKUCHA SAY!! COWARD TO VOICE THE TRUTH HIDING BEHIND GREED!! UNLESS YOU CAN GIVE ME ONE ANSWER?? WHO OWNS MOBITELEA'S 5% AND WHY?? OR HOW OR WHAT AGREEMENT DID THEY SIGN- ON GOVERNMENT PROPERTY WHICH THEY WERE GIVEN FOR FREE TO PUT THE DEAL TOGETHER- MEANING THEY STOLE SHARES FROM THE GOVERNMENT!
GOVERNMENT = THE PEOPLE OF KENYANS
IN ESSENCE THEY ALREADY STOLE FROM US!!

WHERE DOES IT SAY THE SHARES HAVE ANYTHING TO DO WITH PNU OR ODM?? IT IS ALL ABOUT SELF RESPECT AND SELF JUDGMENT OF EACH INDIVIDUAL KENYANS AND IF WE ARE ALL FIGHTING FOR CHANGE AND END THE CORRUPTION THAT HAS TARNISHED OUR COUNTRY - THEN YOU ARE INDIRECTLY ALL SAYING YES TO CORRUPTION! NO ARGUMENT ON THIS FACT!!

Anonymous said...

Anonymous Anonymous said...

Anon 12:34 - stop dreaming and trying to twist the meaning of words. What's the difference between 'not discouraging Kenyans to buy' and 'suppoorting it'?


Anonymous my answer to you foolish talk!!
1:17 PM

THIS IS WHY KENYANS FEEL YOU BELONG TO CENTRAL LESOTHO!!YOUR ARROGANCE AND BELITTLING OTHER TRIBES WHEN WE ALL KNOW THE OTHER NAME USED FREQUENTLY TO KIKUYU'S IS THIEVES!! MOST OF YOU ARE NOT HARD WORKING BUT ARE EXPERTS IN THEFT- SO DON'T TELL US THAT KIKUYU'S ARE HARD WORKING- BECAUSE WE CAN EXCHANGE CLEAR INSULTS HERE AND I WILL PRODUCE FACTS AND FIGURES ON WHY I MADE THAT STATEMENT- STARTING FROM THE LAND ISSUES IN THE 60'S - DO USE RESPECT FOR OTHER TRIBES HERE ON KUMEKUCHA OR GET LOST!!

KUMEKUCHA PLEASE POST MY COMMENTS- THIS INDIVIDUAL SHOULD NOT ABUSE OTHER TRIBES- ENOUGH OF THAT DRIBBLE DURING THE UNREST IN KENYA -WE DON'T NEED IT HERE!!

Anonymous said...

say you buy 10,000 shares?? each share worth 50cent and the prices take a dive down to lets say 40cents because of competition?? and they remain at 40cent for maybe 1 year or so and climb back to 45cent?? and stay put? again do not discount the competition- this days in the global market even we can't keep up with gold prices- so when do you think you will make your profit??? AND IF SELL IT WILL BE AT A LOSS - AND WHEN DO YOU VISUALIZE YOURSELF MAKE THIS KILL??( QUICK RICHES) companies like Nortel went burst with shares crushing after the same hype like safaricom is giving to people in kenya and nobody so it coming since it was being praised as the most stable venture to buy in and even a few months before the downward role it showed many people continued buying share- from millions to paupers many people were crushed and guess what most of the ones affect who lost everything and had to sell their houses because they could not service their mortgages where the ordinary families who believed in the news and the hype and mis -information on the Nortel stocks and how they were doing well!!
the finance minister reminds me of Nortel saga- safaricom is covered in mystery and when you don't know the truth of this blue chip companies then kenyans should be very worried!!:)
EVEN COMPANIES LIKE UNGA GROUP WENT BURST SOME YEAR AGO- WITH SHARES PRICES FROM WAS IT 100 OR SO TO 14 SHILLINGS IT WAS A SHOCK TO MOST !!

Anonymous said...

Anonymous Anonymous said...

The shares of Safaricom are subject to the laws of supply and demand. If there is a time to undercut PNU, this is it. If even 25pc of the county refrains form subscribing, that will send the stock crashing and teach those thieves a lesson the won't forget.

11:22 PM

WATCH AND WAIT:)

Anonymous said...

This thing stinks. ODMers should boycott the IPO and vote with their shillings. RAO was probably is a tough spot - support the ipo and get the ministries or otherwise... That explains the 'statesman' like memo.

This is a second opportunity to tell PNU to stuff it. Read between the lines. This a the first 'accountability casualty' of the Grand Coalition. The price Central is extracting for power-sharing. Some of the most manipulative, ingenious and devious politics in the world.

Mrembo said...

if i am reading anything right today then i have to sum it up thus....ODM is pointing out all the defects of this Safaricom IPO thing, saying it has corruption written all over it......but then again they say, they "encourage as many kenyans as possible to fully participate in this offering."

am i missing something? they are encouraging kenyans to engage in corrupt dealings? honestly these people!! they either support the IPO or they dont, they cannot have it both ways!! i have to agree here with chris that they are causing confusion and as rhymmemaster says they are also providing very bad leadership.

and what is all this nonsense about resolving issues later? we haven't resolved goldenberg, anglo-fleecing, armenian brothers, likoni clashes, land grabbing in the ndung'u report, etc. leo ndio tutaanza kuresolve things later? (sigh) dont make me laugh!!

for the record raila can encourage as much as he wants.....i am not touching safaricom, not even with a 100ft pole!!! i dont think safaricom shares alone can determine whether i get rich or not!!!

enjoy your shares.

Anonymous said...

I have heard that the deal was done between Moi/Kibaki/Raila. They agreed how to share the money before when Kenyans were still sleeping or too busy dreaming of a better Kenya. Raila also knew that he had no chance to become President. Also in this respect you are seeing just a big SHOW now. The only point they are now fighting for is the Ministry of Energy. Reason: Raila's South African crooky business partners (51 % each in the Molasses Plant and in Spectre) and his Nigerian friends (including now Lybia which financed according to the official ODM publication his campaign) had been promised this to make sure they could continue supplying crude oil to Kenya (the first contracts had been signed when Raila was Minister for Energy under Moi). Do you see the connection? Somebody here also mentioned some land deals. I give you a hint: go and check the Title Deed for the lavish grounds of Raila's Karen home - and then ask yourself how a man who almost declared official bankrupsy in 1998 (he had debts all over the country having heavily borrowed money from banks and private people), could become a multi-millionaire in just 2 years. I guess the answer is simple: just like Biwott during his time, also Raila made his millions under the dock of Energy. And I make another bet with you: that's the Ministry ODM (Raila) is pressing for now. The rest is peanuts for him. But 'Energy' it has to be. That's why the whole PNU-ODM deal is going sour right now. Mark my words: after Raila gets the Energy Portfolio, the rest will be all smiles. And to all those who are still believing to have to defend him: he gives a 'shit' about you. Did you not realize this yet?

Anonymous said...

Anon 1:35 = I fully agree. We have to wake up and finally start keeping all of our so=called leaders accountable. We said this before and during the General Elections but it seems all this has been forgotten now. Keeping them accountable, this should become the slogan of these days and we should continue fighting for it and not continue closing our eyes in just trusting them. The fight for justice has to continue, in the interest of our beloved country and in the interest of our children. They deserve a better Kenya - sometimes, somehow. We owe this to them because we have failed in the past - but no more, never.

Anonymous said...

Anon 1:35 - it seems those living in Kenya and having to endure the hardships of everyday's struggle, have put their hopes on ODM and Raila - but we Kenyans living in the diaspora can realize the truth between making and keeping promises. And it is here where Raila has cheated all of us: making promises but obviously not for once second willing to keep them. We should there not continue closing our eyes to the more than brutal reality: Raila is a cheater, worse than that: he has exploited the hopes of the more than desparate people of Kenya. He is the worst 'leader' our country could ever have imagined to get. And I know that there are thousands if not millions out there who will continue to put their hopes on him like my parents still do inspite all my warnings. And that's the real sad part of all this money-gambling piece of IPO-Safaricom shares: Raila has exposed himself of being part of the league of those who have cheated, looted and corrupted our people.

Anonymous said...

What Raila says is not final. Raila has only asked Kenyans to use their brains.

My brain has decided: NO, I am not ready to give my money to thugs and rapers. I would rather buy TATTA shares.

AKW

Anonymous said...

everything that people accuse raila of is mostly speculation and propaganda, whereas the obvious in your face facts like kibaki reneging on deals, double speak etc which are in the public domain are all brushed aside.

typical tricks of a thief, call others mwizi so that in the confusion they can do their mischief and get away

Anonymous said...

As i said before, i wellcome any and all information that will help Kenyans make an informed decision. At the end of the day be ready to make a decision whether or ot to buy and shoulder responsibility for your decision. RAO is now very safe. I can hear RAO saying this in the future regardless of how this thing turns out in the end. "I told those who insisted on buying to buy but i also told them that this is a fraudulent exercise and gave them all the facts through Phil, Anyang' and even myself." And am afraid he will be telling the truth. We would all like to have the opportunity to pass the buck, wouldnt we? Still waiting for "leadership" from our politicians? Well, best wishes.

On a different note i think the message RAO is sending is that he (and i believe many other Kenyans) do not know the "real" intentions of offloading safaricom shares. And yet most of us believe he must know. Surely, its obvious RAO does not know his partners-in-faraud that well and cannot trust them. As things stand at the moment even i cannot trust any politician. On this i feel RAO.

Gentleman

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