The implications on the NSE Of the chairman’s political affiliations

Guest column By John Maina.

Many have been quick to politicise comments made by ODM Presidential Candidate Raila Odinga about the NSE. They have singularly associated the share index downward trend to his earlier comments on drug money finding its way to NSE also his concerns of share manipulation by a few well connected individuals. Paul Muite the chair of (Departmental Committee on Justice and Legal Affairs) similarly expressed the latter concerns albeit both politicians did not give details.


Chairman of the NSE, crafty Jimnah Mbaru

On Raila Odinga’s comments many have castigated him as an anti-development, alleged he is a communist, thus he would nationalise the listed companies. Others have even argued that he is a propagandist seeking political mileage.

However, many have overlooked the fact that Raila himself owns various private businesses and has strongly argued against his distracter that he has heavily invested at the NSE

Moreover, many people have glossed over others factors likely to be impacting on the downward trend. Such include, investors disposing of share in readiness to safcom IPO and the Christmas festival.

Other reasons as recently pointed by the NSE board are the rising inflation resulting in disposal of stocks so as to buy basic commodities.

Jittery investors holding back in anticipation of the political transition and uncertainty on the direction that the stock market is taking cannot be ruled out either.

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The flood gates are opened as House Speaker Mr Kaparo raised the political temperatures by issuing writs that officially declared the 210 parliamentary seats vacant. And job hunting as we usher in another season of defection with predicatble shamelessness.

The full Orange has expanded and gone Hexa (six) by admitting Ngilu into into its top organ. Meanwhile PNU is dolling out districts at a rate that makes Moi's look like tokens. Old habits are surely perfected by slaves of nostalgia. What with a continuation of creating TRIBALLY-nomenclatured districts like Samia?

Scoring own goal
But Orange family would be better advised not to waste their time on petty envy by attacking each other instead of squaring it with their common opponent. When ODM is not denigrating its sibling as punda, the latter is rubbishing the former's poll superior rating. Speak of superlative self-destruction.

And out of curiosity at the risk of being e-lynched, is the ODM supremo part-time Kenyan or running from without? Even before you shout Chungwa or Kasarai, Tinga is air bound out of Kenya. Phil share with us part of the itinerary, we deserve to know,ama?

Finally, that Tawala Kenya song, was it out of mere excitement, spicing the ocassion or inadvertently scoring an own goal?