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Helicopter company loses KPC tender battle
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Safaricom’s Internal Wrangles Over Tenders Threaten To Knock Out The ‘Outsider’ CEO Peter Ndegwa
The lies and shiny outside of East Africa’s biggest Telco, Safaricom Plc, that has been over the years propped up by Public Relations has begun to wane.
An ugly infighting that has escalated pitting board Chairman Michael Joseph (former/founding CEO) and current CEO Peter Ndegwa’s camp seems likely as the straw that will break the camel’s back.
They say that corruption in the private sector is shocking as government’s.
It was clear that Michael Joseph, who referred Bob Collymore (late CEO) as ‘a white man in an African body’ didn’t want the firm to be headed by another African.
First time Ainabkoi MP, William Chepkut opens up to
The Nairobian about politics and being PA to reclusive power man, the late, Nicholas Biwott.
How did you meet Kanu era powerful minister, Nicholas Biwott?
While a student at Kenya Polytechnic in 1991, I approached Biwott, then the Energy minister, to help me clear my fees because I believed he would help me complete my education. He did, in full, a week later.
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And how did you end up as his personal assistant?
When I went to seek for financial assistance, he told me to wait because he was travelling out of the country. But he didn’t say when he would be back, only that I should wait for him at DT Dobie along Koinange Street, Nairobi. Without any telephone, there was no way I could reach him so I religiously visited the shop every morning till evening for a week.
NSE seeks sale of State stake in Safaricom, KPA
Summary
Nairobi bourse reckons that Kenya can cut reliance on debt to fund projects in the short term through fresh listings of cash-rich state firms like Kenya Pipeline Company (KPC), Kenya Ports Authority (KPA) and Kenya Airports Authority (KAA).
The mounting public debt has seen Kenya commit more than half of taxes or Sh1 trillion annually to paying loans, leaving little cash for building roads, affordable housing and revamping of the ailing health sector.
Wednesday April 07 2021
Summary
Nairobi bourse reckons that Kenya can cut reliance on debt to fund projects in the short term through fresh listings of cash-rich state firms like Kenya Pipeline Company (KPC), Kenya Ports Authority (KPA) and Kenya Airports Authority (KAA).
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