KA-INVESTOR

• Blaming Petrol Prices & Post Election Violence

  Posted: July 31, 2008, 9:26 pm by ka-investor

  KPLC thinks we are morons: In the late 90’s, during the frequent blackouts/power outages, KPLC used to give us flimsy excuses of how the water levels had fallen in the dams due to ‘drought’ even when it was raining heavily, or how sedimentation is reducing the level of power output (during Elnino) or any other thing they could come up with. Now they have just found another excuse, in the name of ‘high petrol prices’, to blame the high electricity bills on. Figure this out; you get a bill reading month consumption – Ksh.454 while the petrol charge is at Ksh.645. Does this mean you consumed more petrol than electricity? So what’s the benefit of using electricity?
  
  Sameer Africa (almost) sees red: Sameer Africa pre-tax profit dropped by a whooping 96% in their half year announcement. The company’s earnings dropped to Ksh.2.8 million compared to ksh.84.2 million in the same period last year. Once again this has been blamed on post election violence and increase in production cost due to high oil prices.
  
  Econet roll out deadline moved to September: it seems we will have to wait much longer for Econet to roll out their network as now their roll out deadline has been moved to September 30 from July 31, 2008. Once again it has been blamed on post election violence, but I have a strong feeling they will not be rolling out any time this year.
  
  To be launched on August 1^st
  

  • Celtel will officially changed its name to Zain
  • Nation Media New Radio station that will have Nyambane as its morning host is set to be launched tomorrow.

  Almost rhetoric: What’s the probability that Britak and Equity Bank directors won’t offload their stake in the bank after the lock in period is over?

Blah blah blah

Fish cakes

Alas a fish cake.

Yet more fish cakes

Guess what ... yeah ... fish cakes.

The end of the fish cakes