Budspencer
Elder Lister
Biggest scandal of his reign.
This is Guka - I Am Starting to Think Uhuru Muigai Kenyatta is Being Demonised for Being a Gikuyu 'Prince'................
- Thread starter Field Marshal
- Start date
Field Marshal
Elder Lister
Let me ask. Are you sure this is not another moguka base story?
Tiger Bone
Elder Lister
Fuck jicho 
Budspencer
Elder Lister
2020 Dairy Meal High yield 50Kg cost - 2,200/-
2018 Dairy Meal High yield 70kg cost - 1,800/-
Cotton seed cake price per KG 20/21 - 80/-
Cotton seed cake price per KG 14/15 - 20/-
Wheat Bran 40KG 20/21 - 1050/-
Wheat Bran 40KG 13/14 - 500/-
Price per litre of raw milk from farm 20/21 - 37/-
Price per litre of raw milk from farm 12/13 - 40/-
Aaaah! The dairy sector is vibrant!
Farm inputs
12/13:
DAP - 1,600/- per 50kg bag.
Price per 90kg bag - 3,200/-
20/21:
DAP fertilizer 3500/- per 50KGs bag.
Price per 90kg bag - 2,400/-
Summary: Tea and coffee farmers very important. Maize, sugar and dairy farmers wajipange.
2018 Dairy Meal High yield 70kg cost - 1,800/-
Cotton seed cake price per KG 20/21 - 80/-
Cotton seed cake price per KG 14/15 - 20/-
Wheat Bran 40KG 20/21 - 1050/-
Wheat Bran 40KG 13/14 - 500/-
Price per litre of raw milk from farm 20/21 - 37/-
Price per litre of raw milk from farm 12/13 - 40/-
Aaaah! The dairy sector is vibrant!
Farm inputs
12/13:
DAP - 1,600/- per 50kg bag.
Price per 90kg bag - 3,200/-
20/21:
DAP fertilizer 3500/- per 50KGs bag.
Price per 90kg bag - 2,400/-
Summary: Tea and coffee farmers very important. Maize, sugar and dairy farmers wajipange.
Field Marshal
Elder Lister
Fantastic bro. You are one of the few who is not a bonobo. This is the kind of engagement I have been looking for, not Moguka base shit.
If your figures are correct, and I have no reason to doubt them, then here gavament has failed badly.
Denis Young
Elder Lister
Thank you for the compliment.
I am happy you brought up the issue of land making people millionaires. In developed countries it is totally unheard off with these levels of inflation in the prices of land in comparison to GDP.
Land is a factor of production and the more expensive it gets the more inaccessible it is and the more the price of the product increases.
There is a reason home ownership is at an all time low. Everybody is building in the village which bring issues of security, lack of access to electricity, internet connectivity, water and road networks killing productivity.
On FDI I agree. But FDI relies on a couple of things. Security, Political stability and Affordable factors of production. The plan for example on the SGR was to have EPZ's developed around it to help the export cheaply and efficiently and also provide them with cheap electricity.
But what has happened? The SGR cost was greatly inflated, whether you like it or not Uhuru took the rail to his shamba, and primarily failed to get it to malaba making the project worthless. The next government will now have to come in and take one more loan to get it there to make the rail worth it.
Shall we also talk about the toll road to the airport which is being rushed before Uhuru retires and talk about corruption, greed and misplaced priorities?
Even when Moi died, people in Rift Valley who benefitted from the nice roads and good Universities at the expense of the rest of the nation also speak ill of his presidency. What of Uhuru in this age of information and social media?
Field Marshal
Elder Lister
Again, thanks for a balanced response and the points you have made. You deserve the compliments because you are addressing specific issues without much emotion.
I however think you are wrong on several scores.
1. I still haven't gotten evidence that Uhuru terminated the SGR at his shamba. My understanding is that it terminated at a public ICD.
As far as the SGR itself is concerned, you need to remember that such public projects are LONG-TERM and are NOT profit-making ventures. They are supposed to catalyse development. The SGR has been in existence for all of three years so you can't fairly judge its viability. Was the cost of building it exaggerated? Probably, given the crazy compensation rates that were happening. Fr that gavament is to blame.
2. I didn't understand this
There is a reason home ownership is at an all time low. Everybody is building in the village which bring issues of security, lack of access to electricity, internet connectivity, water and road networks killing productivity.
You mean developing the rural areas is bad?
3. Again, I don't understand your point on FDI. If Kenya is such a bad investment destination how come its the leading FDI in East and Central Africa, more than 20 countries?
4. What exactly is wrong with a toll road which is a build-and-operate, and where the tax-payer is not paying anything
Denis Young
Elder Lister
1. I still haven't gotten evidence that Uhuru terminated the SGR at his shamba. My understanding is that it terminated at a public ICD.
- "The land at Suswa on which the railway terminates is part of an expansive holding—over 70,000 acres—known as Kedong Ranch. Owned by a company of the same name, Kedong Ranch Ltd, the land was expropriated from the Maasai community in the colonial era. Like many other holdings, it was not restituted to the community but instead became available for purchase under Jomo Kenyatta’s willing buyer-willing seller policy.
Two years ago, Muhotetu Farmers Company’s shareholding was acquired by a company going by the name of Newell Holdings Ltd. for Sh2.1 billion in a transaction that some shareholders have challenged in court as highly irregular." ~The Elephant
2. I didn't understand this
There is a reason home ownership is at an all time low. Everybody is building in the village which bring issues of security, lack of access to electricity, internet connectivity, water and road networks killing productivity.
You mean developing the rural areas is bad?
- I am putting the point across that land prices continue to increase exponentially making this critical factor of production impossible to acquire.
Take the example of a young person in the outskirts of Nairobi working in the City. Instead of potentially owning a home and cutting costs, this person cannot afford one because the exorbitant land prices are factored into the final price of the home. This person's money, instead of going into investing or business is all taken up by rents and bills instead of investing in a home.
3. Again, I don't understand your point on FDI. If Kenya is such a bad investment destination how come its the leading FDI in East and Central Africa, more than 20 countries?
- That is why I mentioned political stability. Look around East Africa and Central Africa. How many countries have a politically stable environment. In East Africa you can say maybe Ethiopia despite their current ethnic crashes and Rwanda despite being a dictatorship. Kenya is the only one that is not at war with itself until the general elections. Central Africa the same. We are comparing Kenya to DRC, Cameroon, Gabon etc. We are the most liberal and democratic nation in both these regions no wonder we attract so much FDI.
4. What exactly is wrong with a toll road which is a build-and-operate, and where the tax-payer is not paying anything
- Inherently there is no issue at all but when you think about it, who will be paying the toll on this road? I am talking about projected numbers who will be using this road daily. Assuming they are struggling to hit their daily, monthly, or annual quota what will happen? Will they attempt to force people to use the road as they are doing with the SGR cargo being sent to Naivasha first while it is meant to be in Nairobi? Will they increase the toll fee? Remember the fee is already being adjusted to cushion the operator from interest rate adjustments. Does the contract have a clause where it suggests that any shortfalls should be covered by the tax payer just like now KPA has to do with SGR?
JazzMan
Elder Lister
ESTABLISHING inamaanisha ENHANCED kwa dictionary gani?
Wacha ningoje evidence yako on this...
When Moi finally left, it was discovered that the state KDF was in was deplorable. That's why Kibaki had to initiate various programs to see that KDF regains capabilities it had lost, while gaining new ones. Here is a document indicating the formation of KSOF started in 2005.
Here is an excerpt...
"5. (C) The Kenyan Army plans to establish a 900-man KSOF Battalion located at GilGil, Kenya by September 2011. This unit will consist of 450 front line troops organized into three companies with an additional company in support. Battalion staff, a headquarters company, a heavy mortar platoon, a reconnaissance platoon and an anti-tank platoon will complete a Kenyan doctrinal light infantry battalion of 900 men. The unit is currently designated as a rapidly deployable motorized unit. However, Kenyan aspirations are to expand deployment options to include Air Mobile (helicopter) and Airborne (parachute) when the necessary platforms become available to move and train the unit. U.S. trainers believe that the Kenya Army is on track to form the unit as described and in the proposed time, exceeding their original expectations. "
Jasiri was a part of the Anglo Leasing deals initiated by Kibaki. Its inclusion is to show you how far these deals go and these things you are praising macho nyanya for had already been planned for before he set foot in State House.
Kenyans are entrepreneurial, apart from our main jobs most people also engage in side hustles. The first article here from BD.
Summary: Too many taxes introduced. If you have been operating a business for the past 2 years, you will have noticed an introduction of many new taxes. The article states that within 9 months in 2020, the government had introduced 5 new tax laws. One of these taxes is the minimum tax, which is payable whether you made profit or not.
Tax certainty is an important issue in business.
Summary: Too many taxes introduced. If you have been operating a business for the past 2 years, you will have noticed an introduction of many new taxes. The article states that within 9 months in 2020, the government had introduced 5 new tax laws. One of these taxes is the minimum tax, which is payable whether you made profit or not.
Tax certainty is an important issue in business.
The other thing I dislike about the current President is the fact that he has this arrogance like he is above the law. We all saw what happened in Nairobi County. A duly elected Governor pushed out of office through deceit and threats. It does not matter if we have a million kms of tarmac or we discover the cure for AIDS, for me the most precious document is the constitution and the practice of rule of law.
Nothing will ever top this!!
NIC, CBA bank merger exempted from paying millions in share sale tax
The Treasury has exempted the merged CBA and NIC bank from paying share transfer tax running into hundreds of millions of shillings.
Suspended Treasury Secretary Henry Rotich had exempted the transfer of CBA shares into NIC Bank from paying stamp duty of one percent of worth of the unquoted stocks being transferred.
The transaction is taking place though a share swap between the two banks, with current NIC group shareholders owning 47 percent of the merged entity and CBA shareholders including the Kenyatta family owning 53 percent of the merged entity.
NIC Group will remain listed, suggesting a transfer of the CBA unquoted shares, which makes them liable for the one percent stamp duty tax.
The deal did not quote the value of CBA shares, but analysts estimate the value of 53 per cent stake at Sh35 billion based on the book value of Sh65 billion when the deal was announced—putting the stamp duty charge at more than Sh350 million.
“The Cabinet Secretary for the National Treasury and Planning, on the recommendation of the Cabinet Secretary for Lands and Physical Planning, directs that the instruments executed in respect of the transactions relating to the merger of NIC Group PLC and Commercial Bank of Africa shall be exempt from the provisions of the Act,” Mr Rotich said in a June 26 legal notice that was made public Friday. Stamp duty is a tax charged on several transactions such as transfer stock, land and houses and ranges from one percent to four per cent of the property value.
Transfer of unquoted shares like the CBA stock attracts a stamp duty of one percent, but sale of quoted shares like NIC bank’s are exempted from the tax. The merged bank will have an asset base of Sh466 billion, making it the region’s third-largest after KCB and Equity.
The merged lender will count among its top owners some of Kenya’s most renowned billionaire investors and political figures, shareholder information on the two lenders has revealed.
The Kenyattas currently hold a 24.92 percent stake in CBA while Phillip Ndegwa family, which founded NIC Bank, has a 25 percent interest in the listed lender.
Businessman Naushad Merali will end up with a 2.9 percent equity based on his present direct ownership of a 5.6 percent stake in CBA.
bigDog
Elder Lister
That clown should be in jail.
bigDog
Elder Lister
This is a clear case of conflict of interest and possibly corruption.
Ngimanene na Muchere
Elder Lister
The
Amazing, can you tag the turncoat
Quiet Storm
Lister
This is rich coming from one whose word of the month is bonobo, I'd urge you to take a long hard look in the mirror.
Quiet Storm
Lister
LET'S DEAL WITH FACTS.
Give me empirical evidence that the milk is produced in Uganda. Like, the number of cows, the breed, regions producing milk in litres annually , number of coolers and milk processing factories and their capacity and stuff.
Otherwise, I'd take everything your frothing about as just rumours or perhaps you're just a newly hired hack earning his keep
Meanwhile try wrapping your mind around this report
2016 - Jan - dec - 3 million liters
2019 - jan - sep -110.7 million litres!!
What kind of Frankenstein cows are these that can increase production by 3000%?
"There is an evolving dairy sector trade war in East Africa underway, driven in part by the use of imported milk powders in the production of low cost reconstituted dairy products which are then traded regionally. With Kenyan dairy milk processors witnessing lower sales in Western Kenya which border Uganda (1), in December 2019, the Kenyan authorities sent a delegation to Uganda to verify if milk imports coming into Kenya were of Ugandan origin and did not originate in a third country (2).
This followed a sudden ‘surge in volumes of imported milk purportedly from Uganda’ and growing complaints from Kenyan dairy companies operating in the border region. Kenyan data suggested ‘milk imported from East African Community (EAC) member States hit 110.7 million litres between January and September from three million litres in 2016’, with most of these imports coming from Uganda. It was felt Uganda lacked the production capacity to generate such export volumes from domestic production (2)."
Field Marshal
Elder Lister
Ha ha ha ha ha! Dude, the burden of proof is always on the prosecution, NOT the defence. Try another one.................LET'S DEAL WITH FACTS.
Give me empirical evidence that the milk is produced in Uganda. Like, the number of cows, the breed, regions producing milk in litres annually , number of coolers and milk processing factories and their capacity and stuff.
Otherwise, I'd take everything your frothing about as just rumours or perhaps you're just a newly hired hack earning his keep
Meanwhile try wrapping your mind around this report
2016 - Jan - dec - 3 million liters
2019 - jan - sep -110.7 million litres!!
What kind of Frankenstein cows are these that can increase production by 3000%?
"There is an evolving dairy sector trade war in East Africa underway, driven in part by the use of imported milk powders in the production of low cost reconstituted dairy products which are then traded regionally. With Kenyan dairy milk processors witnessing lower sales in Western Kenya which border Uganda (1), in December 2019, the Kenyan authorities sent a delegation to Uganda to verify if milk imports coming into Kenya were of Ugandan origin and did not originate in a third country (2).
This followed a sudden ‘surge in volumes of imported milk purportedly from Uganda’ and growing complaints from Kenyan dairy companies operating in the border region. Kenyan data suggested ‘milk imported from East African Community (EAC) member States hit 110.7 million litres between January and September from three million litres in 2016’, with most of these imports coming from Uganda. It was felt Uganda lacked the production capacity to generate such export volumes from domestic production (2)."
Quiet Storm
Lister
I was being sarcastic, I knew you wouldn't have the kind of "facts" that you demand from others, but again you seem to have missed the evidence I placed.