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Written by Peter Ndiangui   
Friday, 12 January 2007

Langata MP Raila Odinga has been reported in the Press calling for a re-nationalisation of the stakes recently disposed of in government corporations.

His stance has been variously received in Kenya's media, but some questions have remained at the fore front of public discourse on the matter. First, was the Kisumu Mollases Plant a private entity or a public one? Second,what was Raila's contribution when the public assets disposal bill came before parliament ? 

I am not saying the wanton public disposal seen in the recent past in Kenyan markets and the scheduled offload of these assets in 2007 , has been done in the best interest of Kenyans, neither am I supporting the methods used in their disposal.

But I have deep doubts about Raila's regard for Kenyans, his penchant for doublespeak , his duplicituous behaviour and his  populist motives which betray little interest for Kenyans at their heart. Read for example his comments on the current sale of public assets as reported  here.

His hypocrisy and duplicity come across through his  failure to establish the clear similarity between the Rift Valley Railway cohort having among its number people related to President Kibaki's regime  as in the Transcentury Group  ;and Energem / Spectre International in the saga of  the grossly undervalued Kisumu Molasses Plant (KMP) .

The way I see it , the claim by Raila that Kenyans are being robbed in the disposal of assets is purely hypocritical. Does he have the moral authority to comment about this issue?  Where is Raila's credibility on this issue if we reflect back on how the KMP migrated from public to private hands.

Infact to strecth it bit further, the recent public assets disposal have at least been done in the open; the government's divestiture of the state's stake in Kengen was done on the open market and several retail investors were allocated ownership , as  was the case with regard to Mumias Sugar Comapny.  RVR 's privatisation was done with the stewardship of International Finance Corporation as transactional advisers. The whole arrangement was made public ,even though it was partly flawed. Turning to the KMP on the other hand, public assets , owned by the local population changed hands with barely a whisper in the national press. Who was the transaction advisor? Was any effort  made to publicise the proceedings or did we just witness a sudden transfer of these valuable assets to the Odinga family the night before the KANU-NDP merger? It must be clear that it is only later that Energem and others were sold stakes in the company.

No bidding was done, no public valuation was disclosed but still Raila would have us believe this was not a robbery, that this,somehow, is different from the concessioning orKenya Railways.


Peter Ndiangui
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written by abdulmote , January 12, 2007
I am in full agreement with Ndiangui's observations above regarding the misselling of some national assets. However, we must also remain cautious enough in praising or criticising everything Raila says lest we also miss to understand or appreciate the subject contents of his message.

Raila may have committed his significant share of grabbing a slice of our national assets, but that sin in itself shoud not excuse legitimate criticisms from Raila being appreiated in their own value. In my opinion, the selling of an important national asset such as the Kengen, taking into consideration our nation's citizenry's standard of living and its inherent poverty related vulnerability, is potentially detrimental to the general citizens' wellbeing.

Whilst privatisation of public assets is argued to provide for better public services as one of its fundamental benefits, the same cannot be said to apply to a nation such as our Kenya, where the majority poor stand to suffer even more because of the consequential 'uncontrollable' rise in the cost and therefore affordability of the services so offered, making the same inaccessable!

Having said that and with due respect to your valuable comments my dear brothers, should we not, with the same zeal equal to criticising Raila, pay due attention to what the criticisms may hightlight forth without any biased and personalised limitations?

By the way, Hugo Chaves is well on his way towards re-nationalising Venezuela's electricity generation and telecommunication provisions! Expectedly, Venezuela's stock market bore the main shock and crumbled, but hold your horses if you will, Hugo's popularity amongst his people is exploding to the full!
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written by mosaisi , January 12, 2007
Sometimes our leaders just open their mouths without taking into consideration of the impact of their words on the country. It irritates me when somebody who is supposed to be a national leader proclaims to the world that ours is an economy driven by illicit drugs and our capital markets are controlled by drug peddlers. What is even more irritating is that this so-called leader has never introduced a motion in parliament seeking to control the operations of the stock market. He has never introduced a motion that deals with money laundering. But here he is pontificating of how clean he is and how dirty his opponents are.

The Kengen IPO that he is talking about was open for all players. Don’t be shocked to find out that Raila and his family have a share of Kengem. It is irresponsible for a man of Raila’s caliber to introduce a tribal angle in the privatization issue. Raila and ODM are setting up a Kenyans vs Kikuyus scenario so that they can use it to win the elections. Saint JJ Kamotho’s article in the Standard is yet another example of ODM’s grand plan. Who different is the ODM plan from the rumors that led the Rwanda Genocide?

Those advising ODM to use anti-Kikuyu propaganda are misleading them. Kenyans are smarter than these demagogues think. JJ Kamotho, Raila Odinga, William Ruto, Ole Ntimama (lie-low-like-an-envelope), Henry Kosgey etc should be the last people on earth to comment about tribalism.
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privatisation
written by emmo opoti , January 12, 2007
Remember that saying about broken clocks? Raila is right about some things, it is rare, but it happens.

There is a thieving cabal around the President, that is a fact. Second, privatisations are being carried out in a very random and haphazard manner, with little utility for the poor people of Kenya. Remember te secret 5% the Mois own in SafariCom? That make you happy?

The KenGen IPO was also poorly done, too much cash was left on the table and with barriers to entry for any competition still too high, I am not sure I understand exactly why KenGen was privatised. Unless of course you are a fanayic who believes in Privatisation for its own sake.
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The issue on the spot is Reila
written by pndiangui , January 13, 2007
I agree with Emmo and Abdul that the disposal of assets hasnt been done in the most optimal way. Infact I dont think some of the assets NEED to be disposed.
But the issue at hand is the ultimate hypocricy of a man who is set to occupy the highest seat on the land.
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Raila at it again
written by pndiangui , January 14, 2007
http://www.eastandard.net/hm_n...1143963643
Notice his words;
"Corporations like KenGen, Kenya Railways and Kenya Reinsurance were built with public funds and we cannot allow them to end in the hands of a few people,’’ said Raila.

What about Kisumu Mollasses Plant (KMP) , Hon. Raila. Isnt it just among those you are stating there?
How hypocritical?
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