is corruption african?

aftre ghana lost to brazil in the last world cup, i heard one lady comment that she was so frustrated for being an african since everywhere she looked africans proved to be perenial under achievers. i felt sorry for her but knew in my heart that that was not true. in the same breadth another person claimed that africans are geneticaly corrupt. and true that felt unconfortable though i know i abhore the practise. but lately , like that lady every where i look i meet corruption, my former classmates are going places and puting up palatial houses driving guzzlers etc because they are openly corrupt.

this last week, has been worse, i honestly had a lot of respect for Saitoti all along, i think he has been a very good inspiration as far as leadership is concerned. i did not think he would take back his position. in other countries, ppple resign just because of suspicion. meaning when you are in high office, there should be no doubt about your character. i thought prof would feel the same and keep out of cabinet. i respected mwiraria more for refusing to wait to be sacked and resigning. if he does not get back i will be happy that at least i have someone to hold as a role model.

but when i was thinking about that i get this long email from the GM of the marketing society of kenya of which am a member, she has several allegations against the cahirman who had earlier demoted her with neither warning, nor notice. the allegations were damaging to say the least and it reminded me of mutua and the association of journalists. i dismissed them as last kicks of a demoted GM. however this morning i have just recieved an equally long list of fresh allegations from a member of the society who is pissed off by what he calls grand corruption at the society. one among them was that when we went for the jugding at the ASK show we were supposed to be paid 5K each, well we were about 160 and i didnt even know that we were paid. even the friends i made there dont know that we were paid 5K each. yet it was reported that way! the other funny one is that he gave his friend 20% commision to market and sell gala and dinner tickets yet the function is always over subscribed, pple come for it so no need to even market it leave alone give commisions
and many others. when he was introducing us, that same chairman said that as judges we must be above board and not have even a slight rumour of suspicion to corruption. well .

and this is happening after an embarassing show of dirty linen between the KFF chair and a mister Philip who was heading a parallel league.

yet the west is not done with me and today they released a list of personal development and as expected africa is holding the bottom of the pack. what i found supprising is that Uganda is placed ahead of my beloved kenya. that i dont agree with or i hate to agree with.

but if what bloggers are saying is anything to go by, poor and weak africans will soon die and the continent can remain for strong rich people who can afford life after its privatised.
that will probably happen after mumias has been fully sold and has acquired other inept millers.

elsewhere safaricom is set to enter the NSE, safaricom employees have been assured a generous cut of the pie . others who will benefit before the rahia are the dealers who are also called business partners. Safaricom will surely be a great motivator of the market.

other debates are suggesting that come next year, the nse may be challened by change of guard, of course no one would want that but again investors may be wary of what happens if Kiabki wins, the man is heading into his eighties and its not a very good feeling. one wonders what would happen when we have kibaki at 80! would the economic tempo hold? the memory we have when he was taken ill at the begining of his term is not very comforting.

odegle tip of the day -- oversupscription alone does not gaurantee post IPO capital gains rather its sustained post-listing interest in the stock that makes IPOers gain.