However, even more consequential, today if you are an aircraft owner and you want to operate into Tanzania, your underwriter will insist that you take "Political Cover" because you never know, they may just decide they like your plane more than you do.
In August 1972, Ugandan Dictator Idi Amin Dada gave foreigners of Indian, Bangladesh and Pakistan descent from South Asia 90 days to leave Uganda.
Roughly, 80,000 foreign investors were expelled from Uganda and their investments constricted by the state and allocated to solders and concubines. We all know what happened to these investments.
Dictator Amin claimed the investors had failed to integrate local communities and acused them of milking the Ugandan economy dry.
This unorthodox, archaic and reckless decision brought the Ugandan economy on its knees as other investors left the country while new foregn investors kept off Uganda until years later when the dictator was overthrown by Tanzanian Defence forces.
Unfortunately, 54 years later, Kenya’s new dictator Ruto has caused panic among foreign investors by closing down investments and ordering investors who have been in the country for over a hundred years to close down their investments and leave the country.
Indian investors have looked for me sharing their plight.
Over 400 Indian Bussinessmen have shut down their investments after Mr. William Ruto and his tribal cronies demanded shares from these investors.
Properties owned by Indian families who leases are expiring are being taken over by William Ruto with the help of PS for Lands Mr. Nixon Korir.
Mr. William Ruto has gone rogue and he is on an historic high looting spree after intelligence reports presented to him confirmed that he will be voted out of office next year on 10th August 2027.
Tata Chemicals have been targeted after refusing to pay a bribe of Kshs 9 Billion or surrender 40% shares to Mr. William Ruto.
As we speak, Kenya is facing an economic crisis of unprecedented magnitude; foreign investors are now in panic while new investors are afraid on investing in Kenya.
I am in the United States of America where investors have categorically told me that no investor can risk investing in Kenya with what is going on in the country.
On behalf of our Kenyan people I appeal to the International community to reign on Mr. William Ruto; he must be stopped from taking over foreign investments and assure investors that their investments are safe.
Kenya is not Mr. William Ruto’s personal property or his animal farm. Kenya exists in the community of Nations.
What's the point here? You see this Tata thing? If mishandled, it has the potential of ruining investor confidence for a long time. Nations run on institutions for a reason and with the kind of elaborate Constitution we have, certain decisions can't be made atop a landcruiser.
Sooner or later, we will discover how bad this is for a country where business was thought to be almost safe, and capital flowed even with challenges like FATF.
You can kick out TATA properly using the Mineral Rights Board if there is a legit reason, not at a rally.
When Companies make decisions about where to put their investments, the dispute resolution regime in place is key because disputes arise all the time. The “Mambo Matatu, pack and go” approach where the President can just shut down your business is very bad for investment and consequently, job creation. It is why we in Linda Mwananchi insist on a return to the Rule of Law. Thats our Plan!
Wait a minute! Did he say hydrated lime? Let's see if there will be manipulation in the tendering for Hydrated Lime in favour of certain cement manufacturers.
By the time I learned Mudavadi and Weta were less inspiring than a boiled egg and a packet of Mala I had not even met Raila. For them to claim it is Baba who has taught us to disrespect them is utter rubbish. Respect is earned. They haven't earned mine.
US Navy destroyer USS Ross has arrived in Mombasa, Kenya following operations in the Middle East and a blockade against Iran.
The port call is for logistics, ship maintenance, and crew rest.
People indeed died in Homa Bay. Not one, but tens... All cut into pieces or clobbered by rungus, most of them women. The goons interviewed said they were given specific instructions by MP @gpdkaluma and Gladys Wanga. These two mongrels should be ashamed. This was a shame!
“Sisi Ndio Sifuna” 🔥
When it started, many people thought it was just a fad. But a few of us knew it was the future of Kenyan politics.
In just six months, Linda Mwananchi and the Sisi Ndio Sifuna movement have gained incredible momentum, growing faster than many established political parties in Kenya.
Edwin Sifuna has always encouraged us to register as voters and, most importantly, to remember to show up and vote when the time comes. The real power is in the ballot.
Hii moto ya magazeti bado inawaka imegeuka gold kuwa lava! 😭😂🔥
#SisiNdioSifuna #SifunaWaKenya #LindaMwananchi