Barrack
Obama served for 8 years as President of the United States. As he
prepares to leave office in two months, Times Magazine puts his networth
at 12.2 million dollars. That is 1.22 billion shillings. A significant
proportion of this money comes from book sales and royalties. He owns
only one home in Chicago valued at 1.5 million dollars. That is 150
million shillings. William Samoei Ruto has been Deputy President for
under 5 years. He is building a home ' befitting a President'
in Moiben that is going to cost 1.2 billion shillings (Barrack Obama's
total networth). How he made these moneys, nobody knows. All we can say
is that he was a chicken farmer at some point.
“I sold chicken at railway crossing near my home as a child. I built
my father a house using my university boom. I paid fees for my
siblings. God has been kind to me and through hard work and
determination, I have something,”is one of the favorite quotes he loves
to share
what he owns include among many…
He owns oseng properties limited.
Orterter entreprises limited
Residential Property along jogoo road nairobi.
He is the major shareholder in Amaco insurance,
Osere flats in Rongai belongs to him.
Weston hotel
His Karen home is also said to be worth millions of shillings.
Global stock markets were
plunging Wednesday as investors move their money into safe
havens like gold as traders react to an impending presidency. World markets were wildly
volatile through election night in the U.S., with stocks, currencies
and bonds swinging as investors factored in the reality that the
Republican businessman could best Democrat in the 2016 U.S.
presidential race.Trump, who has never held public office, defeated
Clinton to be elected the 45th president of the United States on
Wednesday, the Associated Press reported.Wall Street had been pricing
in a Clinton win. Japan's Nikkei 225 plunged
5.4% while Hong Kong's Hang Seng index lost 3.2% Futures on the
Standard & Poors 500 index hit a trading halt designed to limit
losses and were recently down more than 4%.
The was down about 638
points, or 3.4%, in futures trading. If the Dow's losses stick when
regular trading resumes Thursday, the point loss would top the
610-point drop back on June 24, when the United Kingdom voted to exit
the European Union, a crisis known as Brexit. The Dow's current level
would also challenge the record one-day plunge of 777.68 points back
on Sept. 29, 2008, during the financial crisis.
“What the market is
telling us is that all of a sudden the chance of a Trump win is very
real,” says Brad McMillan, chief investment officer at Commonwealth
Financial Network. “Trump winning introduces a lot of policy
uncertainty,” on issues ranging from trade to immigration to
tariffs. Investors are rushing into
perceived havens, such as gold, which is up $40 an ounce, or 3.1%, to
$1314.
The Trump strength in the
election was similar to what happened during the surprise Brexit
vote, which was characterized by untrustworthy polls, rising populism
and an angry electorate.
The election of Donald Trump
may portend good news for the Kenya shilling in the long run despite
the uncertainty around his presidency. After the announcement of
Trump as the President-elect yesterday, the shilling held firm, with
Bloomberg tracker quoting the local currency at 101.50 against the
dollar, compared with Tuesday’s close of 101.70/80. Analysts said
Trump’s election signals the Federal Reserve (the Fed) - the US
Central Bank - may hold interest rates in December, which might prove
a boon for the shilling.
This is good news for the
local currency because the impact of a rate hike in the US on
emerging markets would include huge capital outflows as money
trickles back to the stable economy and the dollar strengthens
further. A stronger dollar does not not sit well with importers as
they are forced to pass the extra cost of imports such as motor
vehicles and food stuff to consumers. Analysts point out that Trump’s
victory comes with a lot of uncertainties and is likely to be
followed by market volatility that could decrease the likelihood of a
Fed rate hike by 25 basis points in December.
A client dies in Barclays Bank due to poor customer service |By Viola G Apondi
A
woman walks from a banking hall within the Barclays Bank Kenya head
offices in the capital Nairobi, March 1, 2016. REUTERS/Thomas Mukoya
Dear Barclays,
I was stripped off my wallet on Friday from commercial bus station as
I waited to board A marathon on November 4th.In my particular that were
there, were my visa cards, ID and many more.One of the ATM cards there
was my mum’s Barclays transactional ATM card that I have transacted with
for the last one year.Why??????
My mum suffered a severe stroke since November 29th 2015,I have
operated the same account for last 1-year I buy her medical treatment
and to see into her well being.
So on Monday 7th November 2016 I decide I’ll go to work a bit late,
reason being I needed a replacement of mum’s card.So I urged her we need
to make a visit to Bbk Ongata Rongai brunch.She was reluctant she said
she was tired but having worked for bbk myself for 5 years I knew they
wouldn’t accept to replace me a new ATM without them seeing mum.
I called my driver and it was a big hassle for mum to even to get to
the car.We managed we went to bbk Ongata Rongai branch. I left my mum in
the car and proceeded to the enquiry.The CTL manager was there I
explained to her my situation.But she told me to get my mum to the
banking hall counter.I was reluctant I tried further but my plea fell on
deaf ears. I went back to the car and told the driver to drive off.I
explained to mum I couldn’t access her ATM.
She said the little strength she had left she would try and walk to the banking hall.
I said no to myself Let me try again I went back to CTl manager she saw me again and got irritated and said
“Madam Nini Mbaya? Si tumeongea? Kwani Umetoa mama yako aje kwa nyumba ? Vile Umetoka Ndiyo umlete apa ”
I was shocked I became hysterical I started crying my frustration
out………..By this time mum was already struggling to walk to the bank we took one hour from the parking lot to the banking hall.
We get there, mum has been now carried by the guards and cleaners,
she is tired she is sweating she asks for a seat.Am overwhelmed am
crying I hate to see her in pain and struggle.A gentle man comes to the
inquiry and tells me I need to make mum come to the counter and fill in
her pin.I tell him no can’t you see she is tired! Am now
shouting……everybody at the banking hall goes on a stand still………out of
embarrassment the cashier tells me to key in the pin I do Soo…..
To cut the long story shot…….I lost my mum 40min later…….. She dint make it back home She died on her way back in the car…..I have cried I have wailed but I have spoken.
May her soul rest in Peace.
