Missing Mount Kenya

Last month I caught a glimpse of Mt Kenya all the way from Nairobi when it was briefly visible for an hour in the morning. Then I got a chance to visit the area and see the whole thing from up close, I thought.

The drive:  Nanyuki is marked as being about 190km from Nairobi. The drive up is pleasant except for some bad stretches of road. The dual carriageway from Nairobi to Thika turnoff is quite bad, indicating the volume/level of commuter traffic between the towns. It’s much better off till the end of the dual carriageway and on to Makuyu, passing Kakuzi, and the Tana River power station. There’s a “no trespassing” sign there which is a shame because Kengen could make some money from visitors to its power sites like Turkwell, Olkaria, and along the Tana River.

Drive non stop through Sagana, Karatina, and finally the turnoff before Nyeri town and off through Kiganjo which has the famous police training school where the climate starts getting cooler. The road is smooth and fast now but like many roads in western Kenya, it is a good thing to slow down when you see a town because there are unmarked bumps – for residents demand that you admire their town and buy their vegetable or animal produce when you slow down.

Naro Moru is the first of the six police roadblocks we have passed to stop us, but only for a moment. When I last made this trip in 2002 there were about 20 roadblocks between Nairobi and Nanyuki. Next trip I will take a lorry and see what the cops on this route ask for. Anytime you drive a pick up (even empty) you are stopped and can be asked anything for anything from “give me a cigarette,” to “why are you not wearing a seatbelt?” No time to stop for fish today though.

Get to Nanyuki town and look for a place to stay. When you have Safari Club money, you can stay at the Mt. Kenya Safari Club – but this is a budget trip so you have to stay at budget places.

Travel lesson learnt;– When you get to a new town, esp. one with that gets many tourists, find out where the tour van drivers stay. These guys always know where the best budget packages are with clean rooms, hot water, safe parking, and good food.

Nanyuki had two hotels that meet their definition – Ibis Hotel and Simba Lodge and they were just about right. But the hotels can get full, if there are many vans of tourists in town, so get a booking done before you go looking for dinner.

Camp George massacre

The place to eat nyama is a small banda called Camp George about a kilometre from the Sportsman Arms hotel along a twisty route. It looks like Nerkwo but the meat is to die for. Order meat, and unlike Buffet Park, you’ll get what you ordered and in record time.

One problem with eating nyama choma is one never knows when to stop. If you eat a burger, it gets finished, you wipe your mouth and say that was a good burger. But with nyama choma, you eat until you’re full and there’s only fat and bones left on the table. Afterwards, you feel like a lion who has no interest in gazelles grazing nearby as your belly is too full.

The Watchman at the hotel assures that you’ll see the mountain if you wake up at six. It’s much colder now after 8 pm but you don’t feel it, because you’re full of doba and Tusker, so you drink lots of water and go to sleep.

Up at six up and sure enough there’s the peak of the mountain visible in the morning.
music video shoot

Eat breakfast, watch a music video being shot outside hotel, and go off to cyber café. I have been to some towns where the internet is a rare thing – some cybers only open for a few hours and remain closed on Sunday and Holidays. They are also very expensive. But right in Nanyuki there’s the Marina, a pleasant roof top bar & restaurant that has a very fast cyber, with new machines and costs 1/= per minute.

By the time, I leave the cyber face, Houdini has performed and Mt. Kenya has once again disappeared behind the clouds and weather patterns it creates.

The journey continues – and maybe the leeward (dry) other side of the mountain will have a clearer view.

Other side: On to Meru, which is 80km away on the other side of the mountain. The road is under repair and the weather remains cool, with low clouds obscuring the mountain.

Pass thought Meru town which is a large and busy town. Do a bit of business and get moving – as it is almost noon and Nairobi is almost 300km away.

The road from Meru, Chogoria, Chuka and into Embu is quite tiring. It is very twisty, which means you can’t sustain speeds. Quite a bit of it is under repair. There are roads crews ripping up patches of it and laying new carpet. There are also groups of boys who scoop heaps of soil onto the road and demand a token from passing motorists.

The scenery is beautiful with forests, farmland and more banana trees than I have ever seen do the landscape. Still no sign of the mountain, but its presence is felt as we pass dozens of bridges, each full of roaring brown waters from the mountain flowing to the lowlands. I have no idea what a miraa bush looks like, which is a major cash crop in the area for export to Somalia.

Get to Embu, tired, sweaty and hungry. We make the mistake of stopping to eat at a sleepy restaurant. The Waitress literally had her head on the table and no customers in sight. When we asked her where to wash hands, she directed us to the Shell petrol station next door. Coming out of the bathroom we noticed several cars parked and the smell of fresh food and we decided to eat at Shell’s Kirimari restaurant.

Another travel lesson learnt – when in a new town, (for the first time) eat at a restaurant at a petrol station on the highway. There are no standard restaurants like McDonald’s, but these highway points are frequented by many travellers (even the police were having a late lunch there) and they have standard menu – in this case, rice and beef stew made a great lunch that made us all feel better and energized.

saved by Kirimari lunch

From Embu on down to Mwea the climate gets warmer as we descend now. Stop in Mwea to buy the obligatory sack of rice. It’s high-quality grain that’s only available in Nairobi at much higher prices. Next time I’m here, I may take a detour to stay at Masinga Dam. After Mwea, it’s back to the main road and Nairobi – and still no sign of the mountain, despite going around it in a day.

Where in Kenya?

air force buzz

Eveready Mea Culpa

Mea culpa Eveready
I was wrong in estimating diminished interest in the Eveready IPO. 200,000 Kenyans applied for shares in the company and will each receive about 20% of the shares they applied for.

“Corporates” will only receive, at best, 17% of the shares they applied for, but are assured of much better allocation in the about-to-end Mumias offer which closes on Monday.

Bad loans for shares
I was also wrong that no banks will advance loans for Eveready shares.

This still happens, but with less fanfare/advertising than was seen with the Kengen IPO in March. IPO loans are not that attractive to banks since most offers are over-subscribed leaving borrowers with much fewer shares than they applied for – about 20% allocation on average. Also since Kengen has stuck at about 3X its IPO price and Scangroup (2X IPO price), banks are taking on some risk in undertaking such lending. E.g. Say I took out an unsecured personal loan of 120,000 shillings to buy Kengen shares (for 36 months at 19% interest). After the IPO I’d get 2,000 shares whose value of the past few months has been between 60,000 and 72,000 shillings. Meanwhile I have to pay back 150,000 shillings to the bank over the next three years.

Banks need hawkers
This week my bank ATM confiscated my card since it did not recognize my PIN number. I have not forgotten my PIN but the bank has a new IT system that for some reason only recognizes the original PIN, and not the PIN I had changed to as soon as I got the card months ago.

Anyway, I had to do something I dread doing today – visit/queue in the banking hall. It was a time wasting hour, 10 minutes of which I spent in the wrong line. Some banks have empty halls while others have crowded halls of customers who line up to deposit over the counter money. I got to thinking that maybe the bank should allow hawkers in to do some business and share the profits with the bank. They could sell newspapers, fruit, and airtime. Better yet, banks should stop their ridiculous no mobile calls rule for banking halls. If I have to spend a 1/5 of a working day in the bank, I should be able to do some other business over the phone.

Anyway I will be back in two weeks to collect a copy of my original PIN and resume using the ATM for normal banking

Where can you trade shares?
A rough estimate of the access to stockbroking services reveals that Nairobi (and other urban centers) have an undue advantage over rural folk in terms of stockbroking services. While IPO shares are sold at banks throughout the country e.g. KCB, for normal share trading one has to issue a stockbroker.

Like with urban bank customers (who are net borrowers) compared to rural customers (who are net savers) the rural shareholders are at a disadvantage in their access to stockbroking services. On the other hand, they trade much less (earn less commissions) than urban shareholders – preferring to buy and hold shares for dividends, bonuses and AGM goodies.

All brokers have office in Nairobi (including 3 for CFC and 2 for Suntra) while the rest of the country has brokers spread out as follows: Mombasa (Apex Africa, CFC, Dyer & Blair), Naivasha (CFC), Nakuru (Apex Africa,
CFC, Nyaga), Eldoret (CFC), Kirieni (Apex Africa), Kisumu (CFC), Nyeri (Nyaga), Thika (Nyaga), Machakos (Nyaga).

Recent trend Over the last month, Discount stockbrokers have opened offices in Kisumu, Mumias and Bungoma to facilitate the Mumias share offer.

Wishful thinking about oil
Reading this NY Times story about oil smuggling from Venezuela where oil costs $0.17 a gallon to Brazil where it cost $5 a gallon makes me wish that when if Kenya strikes oil, the price of petrol will drop from the current $5 a gallon (Kshs. 77/litre) to $0.17 (Kshs. 3/litre)

Opportunities

jobs

anon new bank backed by prominent middle east and other corporate investors is hiring human resource manager, IT manager, head of operations, head of corporate banking, head of retail banking, head of risk management head of treasury, head of investment banking, head of finance, head of trade finance, relationship managers, security manager, PR manager, branch managers, tellers,
Apply through Manpower services (K) by 23/12

Executive director at East African business council (Arusha) apply through manpower at manpower@africaonline.co.tz by Jan 5

Country manager – S. Sudan at family health international. Apply to hr@fhi.or.ke by 29/12

FSD Kenya SACCO-CAP (SACCO capacity building project) credit specialist marketing specialist financially analysts, IT specialist
Apply to sacco-cap@woccu.org by 27/12

Haco
– planning manager
– Financial accountant
jobs@haco.co.ke by 19/12

I&M Bank
– Liability Manager
– Relationship Manager – Assets
– Relationship Manager – Liabilities
– Marketing Relationship Officer (Mombasa)
Details and applications online

Manager procurement at the Kenya civil aviation authority – KCAA
jobs@kcaa.or.ke by 29/12

Kenya revenue authority
– Senior deputy commissioner: research & corporate planning
– Senior deputy commissioner: legal services
Apply through deloitte at esd@deloitte.co.ke by 5/1

Ministry of foreign affairs principal counselor (4) first counselor (11) second counselor (22) first secretary (28) third secretary (64)
Details will online and apply by 12/1

Nuturn bates
– Account director
– Account manager.
Apply to sam@nuturnbates.co.ke

Ogilvy
– Finance director: apply through KPMG at esd@kpmg.co.ke by 29/12
– Accountant D/L is 19/12
– Credit manager D/L is 19/12
Account managers (3) D/L is 21/12
Apply to info@ogilvy.co.ke

Safaricom
– Site Optimization Supervisor
– VAS Propositions Manager
– Business Analyst – Strategy Implementation– BASI_Nov06_CSP
Details at this site

Shelter Afrique
– Investment officer (directorate of operations)
– Internal auditor (bilingual)
– Translator (English/French) at the corporate secretary department
Apply to recruit@shelterafrique.org by 15/1

Travel insurance marketer at UAP insurance. Apply to recruit@adeptsystems.co.ke by 29/12

Finance director at the world wildlife fund (EARPO – Nairobi). Apply to HResource@wwfearpo.org by 31/12

learning/possible employment
Opportunity at the Steadman Group for some participants who enroll in an applied research training program at Strathmore business school . Fees are 75,000 shillings and applications can be found at www.steadman-group.com/scrt or www.sbs.ac.ke/scrt. Application deadline is 31/12 and classes begin on 27/1 for the two month program which also includes 2 week research at Steadman

Hospitality
Kenya Wildlife Services is seeking partners to lease develop and manage tented camps in Western Kenya – at Kisumu impala sanctuary, Ndere island national park and Ruma national park. D/L is 19/1

Earn $17 a day (per bed) by hosting delegates World Social Forum and provide them with bed & breakfast, running water & electricity from January 20 – 25.

travel
Buy a ticket at East African to Mombasa directly from the airline get a second one free (up to 6 January)

Tiomin Delay

Tiomin has sent notice that it will “delay construction of the
Kwale Project until the Government of Kenya resolves all land related issues” – i.e. some farmers have objected to the price they are being forced to give up their land to the project.

I think it is okay to ask it Tiomin will add value to Kenya: Are mining companies the right kind of investors for Africa anymore? Their legacy in most countries is not good and the Tiomin parent group has a history in South Africa. And when you look at the Fluorspar mines and companies like Magadi Soda that have been in Kenya for a hundred years, what is their contribution to the employment, the economy, citizens, and the government in form of taxes compared to five year old Safaricom and Celtel?

Al Jazeera in Kenya

Today is Jamhuri Day and for the first time in many weeks, I was home watching morning TV. There was an interesting piece called “global voices” on NTV with stories about citizen media issues and tolerance in Lebanon and Iran. At first, I thought it was a special documentary on CNNI or BBC then I realised I was watching Al Jazeera TV which the Nation Media Group had said it would start broadcasting had announced it would start broadcasting.

The screen graphics have the deep red of BBC and the presenters were a multi-cultural mix of black, Caucasian and Indian which I noticed when they mentioned all their correspondents and bureaus in Kenya, SA, Zimbabwe, Ivory Coast etc. The only familiar face was Riz Khan who used to be on CNN years ago.

It’s refreshing to see some new media from another country’s perspective now. CNN started in 1990/91 and was later joined by BBC and SKY which local networks run their feeds in the morning.

I hope it is understood as an alternative to the ever-present (US/UK) news view and that NTV does not run a risk by rubbing viewers and advertisers the wrong way. There’s an undercurrent streak of anti-Islam or anti-Arab (without distinguishing which) views among common Kenyans which may be fanned by indiscriminate terrorist acts and some of our own religious leaders.

Whenever anything is done to accommodate Moslems such as Kadhi’s courts or Sharia banking services many Nairobians ask – why are they so special? whey can’t they conform like the rest? why are they imposing their religion on us? This is a myopic view of a religion that numbers almost 1/4 of the planet.

NTV which was recently added to DSTV now give their satellite viewers an early morning peek of Al Jazeera on their feeds.

Ecofade II

Part I

Econet Wireless fired off another long letter to the Minister for Information and Communications this week in addition to printing it (2 pages long, badly worded, with typos) in the Nation to explain why they have not rolled out almost two years since they were awarded the third mobile license.

The company which has a history of big talk blames red tape and invisible forces who have continued to manipulate the license process.

Econet’s MD writes that they want (then) Minister Raphael Tuju to retract his unauthorised statement cancelling Econet’s license and also wants the CCK to issue them with network codes. They claim CCK and various officers have been pushing them to renegotiate with KNFC (an entity who could not pay for 5% of their purported 82% ownership), and also lend money to KNFC to enable them to pay for their $12m portion of the license fee.

Econet claims to have already spent $40m on the process (also what happened to applied for jobs at Econet?

Air news

Early Bird offer from Kenya Airways has round-trip flights to Mombasa at 5,000/= if you take the 6:45 a.m. flights.

– Kisumu Airport should reopen next week when repairs should be done.

– Qatar Air Cargo to serve Nairobi and Eldoret from next year.

December 9 Opportunities

Jobs

Corporate affairs group leaders (2) at Celtel. apply to hr@ke.celtel.com by 15/12

Internal audit manager at East African Portland cement. D/L is 22/12

East African tea trade association
– finance/investment analyst
– project management office director
Apply by 22/12 to eatta.tea@gmail.com

Power economist at the Electricity regulatory board. D/L is 29/12

Multi-lingual flight attendants at Kenya Airways – (both male and female) – fluent in Hindi, Arabic, Spanish, Italian, German, French and Portuguese aged 21 – 30 (in addition to the other similar flight crew requirements). D/L is 20/12 for applications to the group human resource director.

Director treasury at Kenya commercial bank. Apply through Hawkins associates

Oracle
– education sales consultant
– middleware pre-sales consultant
More details their site and apply to mearecruit_ae@oracle.com by 15/12

Retail, sales & marketing – area business managers (2) at Shell. Apply to hr@ksl.shell.com by 11/12

Urgent cargo
– chief operating officer
– general manager – freight
Apply to hr@urgentcargo.com by 18/12

Internships

Aga Khan Foundation young development professional (YDP) program a 1 year leadership and management development program – accepting two streams this year (i) development management (ii) arts, media, or culture management web link here and deadline to akf.kenya@akdn.org is 20/12

Kenya Oil Company (Kenol) management trainees preferably who are fluent in Portuguese or Spanish. apply by 18/12 to the human resource manager.