Khwisero
Joined September 2017
- Tweets7.1K
- Following742
- Followers157
- Likes872
Billy G. O. Okiiry retweeted
Jomo Kenyatta NEVER RESIGNED after the killing of more than 100 Luos in a single day in 1969.
Mwai Kibaki NEVER RESIGNED when more than 1,000 Kenyans were killed by police during the Post-Election Violence (PEV).
Uhuru Kenyatta NEVER RESIGNED over the Kianjokoma brothers, the bodies dumped in the Yala River, Baby Pendo, or the killing of more than 67 Raila Odinga supporters during the 2017 protests.
So, why Ruto? We will not beg, not now, and not after the 2027 election. Kenya belongs to all of us. Nobody invited the other here.
This one is a patient haunted by the spirits of the people he threw into forests and Rivers(his own confession) on orders from Matiangi! Those people didn't need torches for their spirits to rise.
Billy G. O. Okiiry retweeted
To fight corruption you have to be credible. Hon. Ndindi Nyoro is a young man in his 30s. His has a Bachelor in Education(Economics and Geography) degree from Kenyatta University College. His only known employer is Kenya's National Assembly. His monthly salary after taxes is about Kshs 600k. He is a billionaire with vast shareholding in bluechip companies. What is the source of his billions?
DANGOTE, PRESIDENT WILLIAM RUTO AND THE KENYA PIPELINE TAKEOVER PLAN: By now and through earlier posts on this page, it must be clear that President William Ruto and Dangote are working together in business.
Below is the plan for the take over of KPC and how it is unfolding;
1. The President last week instructed the CEOs of public institutions that held KPC shares to sell them to a “Private Investor”. That is how a company associated with Dangote East African Petroleum Refinery ended up buying 24.76% from NSSF, PSSF, PCF and others at a LOSS. Pensioners lost money for President William Ruto to make money.
2. The end plan is to take over the majority shares in KPC. Their target is 51 % on a bad day and 75 % if everyone plays ball.
3. NSSF and other Public Institutions will be forced to sell the remaining stakes to the same “Private Investor”.
4. The next phase of the take over will be through a RIGHTS ISSUE. The assurance Dangote has been given is that President Ruto will instruct Kenya Pipeline to open a share sale of KPC shares through a Rights issue. All this was part of the Conditions Precedent. They are also exploring Private Placement but would raise Market related questions and judicial actions.
5. The Government of Kenya will decline to take the rights due to “unavailability of Funds”. The 35% allocation of the Rights to GoK will be taken over by Dangote where the President also has vested personal interests. NSSF which still has a stake will also decline if they will not have sold. There are plans to convince President Museveni and Uganda not to take up the rights.
6. If President Museveni refuses to play ball, the Dangote/William Ruto consortium will end up with between 51% to 58% of Kenya Pipeline. If he does, their target is approximately 75% of KPC.
7. This will lead to the dilution of Government owned stake in KPC at slightly below 20%. NSSF will also be diluted if they will not have sold the remaining stake. Museveni could play hard and snap one rights to avoid dilution of the Uganda stake.
8. These plans are to start in earnest.
The shareholding register of Dangote East Africa Petroleum Refinery must be made public.
The Investment Agreement will expose the incompetence of these his regime in negotiating for Kenyans. The problem here is that the same team that should be looking at the welfare of Kenyans as elected leaders of Government are also on the other side of the table as Shareholders. That’s why the government is adamantly refusing to share it with Kenyans. It is just crap at best and no Kenyan would stand the terms.
We are African and Africa is our Business..
Billy G. O. Okiiry retweeted
Table this shit in parliament stop crying here like a whistleblower who is powerless. You are a member of parliament, act accordingly. Otherwise this is just for political mileage.
DANGOTE, PRESIDENT WILLIAM RUTO AND THE KENYA PIPELINE TAKEOVER PLAN: By now and through earlier posts on this page, it must be clear that President William Ruto and Dangote are working together in business.
Below is the plan for the take over of KPC and how it is unfolding;
1. The President last week instructed the CEOs of public institutions that held KPC shares to sell them to a “Private Investor”. That is how a company associated with Dangote East African Petroleum Refinery ended up buying 24.76% from NSSF, PSSF, PCF and others at a LOSS. Pensioners lost money for President William Ruto to make money.
2. The end plan is to take over the majority shares in KPC. Their target is 51 % on a bad day and 75 % if everyone plays ball.
3. NSSF and other Public Institutions will be forced to sell the remaining stakes to the same “Private Investor”.
4. The next phase of the take over will be through a RIGHTS ISSUE. The assurance Dangote has been given is that President Ruto will instruct Kenya Pipeline to open a share sale of KPC shares through a Rights issue. All this was part of the Conditions Precedent. They are also exploring Private Placement but would raise Market related questions and judicial actions.
5. The Government of Kenya will decline to take the rights due to “unavailability of Funds”. The 35% allocation of the Rights to GoK will be taken over by Dangote where the President also has vested personal interests. NSSF which still has a stake will also decline if they will not have sold. There are plans to convince President Museveni and Uganda not to take up the rights.
6. If President Museveni refuses to play ball, the Dangote/William Ruto consortium will end up with between 51% to 58% of Kenya Pipeline. If he does, their target is approximately 75% of KPC.
7. This will lead to the dilution of Government owned stake in KPC at slightly below 20%. NSSF will also be diluted if they will not have sold the remaining stake. Museveni could play hard and snap one rights to avoid dilution of the Uganda stake.
8. These plans are to start in earnest.
The shareholding register of Dangote East Africa Petroleum Refinery must be made public.
The Investment Agreement will expose the incompetence of these his regime in negotiating for Kenyans. The problem here is that the same team that should be looking at the welfare of Kenyans as elected leaders of Government are also on the other side of the table as Shareholders. That’s why the government is adamantly refusing to share it with Kenyans. It is just crap at best and no Kenyan would stand the terms.
We are African and Africa is our Business..
Billy G. O. Okiiry retweeted
This propaganda story doesn’t survive contact with the numbers.
Let’s straight do the math on the 4.5bn shares:
Bought: KES 9.00 per share
Sold (implied): ~KES 9.44 per share
Capital gain: +KES 0.44 → ~KES 1.98bn
Missed dividend: –KES 0.32 → –KES 1.44bn
Net before fees: +KES 0.12 → ~KES 540m
NSE-listed share gains are tax-exempt. So the price premium already more than covers the dividend the sellers gave up.
Rock Investment Bank (sell side) let’s assume earned a negotiated commission. On a block this size, realistic rates are 0.5–0.75%.
At 0.5% that’s ~KES 212m. After that the funds are roughly flat to slightly positive.
Either way, a few hundred million either side of zero on a KES 40bn+ position held for ~7 months.
That is time-value and transaction cost. It is NOT a material loss. It is NOT a soft loan. It is not evidence that a Ruto-linked vehicle extracted value from pensioners.
Public institutions and pension funds bought into the KPC IPO at KES 9. That gave the listing size and confidence. This to me was crucial for the markets.
Months later, after the Lamu refinery deal advanced, Dangote’s company bought ~25% in one block.
The funds sold. Dangote got the pipeline stake he needs for product distribution. Straight commercial sequence.
The legitimate questions are transparency (exact Dangote entity, full seller list, whether sales were directed) and governance of public funds.
Those are real.
The “sold at a loss so someone connected to the President could profit” version is not supported by the arithmetic or the public record.
You are stupid and stupidity is your business…
As always, DYOR.
KPC SHARES AND THE MYSTERY INVESTOR: The other week, I was suspended from Parliament for stating the obvious. That the Kenya Pipeline IPO was a failure, subscription being below 3% at the last day of the IPO. And that President William Ruto called the CEOs of NSSF, PSSF, Unclaimed Assets, CPF, and others to risk Pensioners savings against professional advise.
These are the facts:
1. The President called the CEOs to buy KPC shares against the advice from their own professionals. They had to forge minutes of Board meetings and backdate them. All of them are liable.
2. He again called them last week instructing them to sell the shares to a “Private Investor”.
3. They have cumulatively sold 4.5 Billion shares netting approximately Ksh 42Bn. NSSF is yet to exit fully.
4. The exit price was between Ksh 9.02 to Ksh 9.36. The share were sold cum dividend so that the “Private Investor” maximizes benefits.
5. Accounting for brokerage commission that is usually around 1.5%, the entities sold shares at a loss. The loss widens if you account for time value for money. Even fixing the money in the bank could have earned pensioners much more.
6. The so called Private investor is a company that President William Ruto has private interests in. He is among the “Private Foreign Investors”. In other words he took a soft loan from your pensions, you made a loss but he is making money from it.
7. The Investment Bank that handled the transaction is also owned by him. A newly licensed Investment Bank.
8. The transaction is part of fulfilling the conditions Precedent of the Lamu Refinery. The transaction is closely related to the refinery.
9. More KPC shares will be transferred from the Public entities to the so called Private investors.
10. This completes William Ruto’s personal interests in Oil from Upstream (where he is firmly involved in Turkana oil), Mid Stream (As a shareholder of the Refinery) and Downstream (G - G and other oil
Marketers).
The details of the Investment agreement between Dangote East Africa Petroleum Refinery and Kenya would shock everyone.
1. Why is the shareholders register a secret - Because the minority shareholders are led by the President of Kenya.
2. Why is the Investment agreement a secret - because the content is pure abdication of duty and patronage. Among the conditions is that Kenya willl NOT import any products made by the refinery even when the prices are double or triple the market price.
We are African and Africa is our Business..
Billy G. O. Okiiry retweeted
George Natembeya before Johnnie Natembeya started serving him political whine. The modern Masinde Muliro market was stalled until President William Ruto administration allocated it with KSh 100 Million.
Governor George #NatembeaLies Sometimes, the difference between political noise and actual development is simple: less whining, more work
This should have happened in 2010, Senators harass Governors just so that they look bad and become un electable
For a moment I wondered how the PORK could make a blunder to the magnitude of the Kitale Market take over. It has turned out that Gov Natembeya got his facts wrong and I wonder if he will apologise for bastardising PORK and by extension we who elected him! Its a scandal
Billy G. O. Okiiry retweeted
KPLC have introduced smart meter where power is automatically switched off once payment is due.
Fair enough.
But once you pay the bill, shouldn’t it also be automatic to restore the power?
Why the imbalance @KenyaPower_Care?
Billy G. O. Okiiry retweeted
Kenya is a true democracy...we have a constitutional right to hear this fool talk nonsense thinking we forgot how crocodiles in Kenya became obese eating too much human flesh in our rivers because of an INDUSTRIAL SCALE over supply by his Minstry.
Billy G. O. Okiiry retweeted
And do you know why Ruto has never ordered for the prosecution of uhuru? Because Ruto's name is in all those scandals. After August 2027 uhuru and Ruto must be prosecuted for the crimes they have committed in this country
Billy G. O. Okiiry retweeted
Here are FAMOUS monumental SCANDALS that Uhuru Kenyatta patronize between 2013-2022.
1. NYS Scandal one in 2015 where KSh 791M–1.9B was lost.
2. Eurobond-2014, Kenya’s 215 Sovereign Bond Mystery which was never unaccounted for.
3. Afya House scandal in 2016 where KSh 5.3B was lost.
4. Laptop Tender in 2013 in the Digital Learning Procurement Scandal where KSh 24.6B was lost.
5. SGR Cost Controversy where it was Overpriced to over Ksh. 500B
6. Galana-Kulalu between 2013–2017 where the Failed Irrigation Food Security Scheme costing KSh 7.3B and only 1.4B was used and KSh 5.9B was looted.
7 .KEMSA COVID-19 Scandal where KSh 2.3B was looted.
9. NYS Scandal II in 2018 where KSh 9B was again lost.
10. Kenya Pipeline/Kisumu Oil Jetty Scandal where Billions were lost.
11. SGR Land Compensation Scandal and Billions were lost.
12. Huduma Namba/NIIMS Procurement Controversy where Billions were lost.
13.Ruaraka Land Compensation Scandal where KSh 1.5B was lost.
14. BRT project where Ksh. 5.6B was purportedly used but nothing to show for it.
My Son should remove this woman from around him ASAP. He will regret her manoeuvres one day! This kind of behaviour is what the Presidential security could not allow hence her departure......
Sen Sifuna is my son and I am excited about his prospects. My message to him:
Luhyas don't vote for blood they vote for principles. Our position is that it is our time and we shall only accept you my son as
a) the Presidential candidate or
b) Rutos running mate
Billy G. O. Okiiry retweeted
Dear Ruto: You are the PROBLEM. From Dangote to Rironi-Mau Summit. Such projects are a preserve of Kikuyu Presidents ONLY. Who gave you the RIGHT to open the EYES of Luos and coastal people? Isn't Kenya a colony of Kikuyus? Why form a liberation movement against Kikuyu colony?