Micah Cheserem Is Back
I don’t quite understand the appointment of Micah Cheserem as the new CMA Chairman. Like I’ve said before, the NSE is operating in a country that has no respect for the rule of law. Therefore, until this fundamental flaw of the system is changed, no amount of continuous appointments is really going to make a difference.
As long as white collar criminals are able to steal people’s money and get away with it, this kind of behavior is going to continue. Ministers and MP’s (aka the government) has lost it’s moral authority when it comes to this issue of theft of public money. They can’t tell other people to stop stealing, when they themselves are stealing!
However, there’s another issue here: Kalenjins no longer have power in that country. Cheserem is not going to be able to go after those Kikuyu’s at the NSE who control that body. If Waruinge (a Kikuyu) was not able to do it, Cheserem is not even going to get close.
The problem at the NSE is a rule of law question, not a management question and I don’t understand why people aren’t getting this?
I keep saying that businesses reflect the environments in which they exist. Uhuru Kenyatta needs to stop fooling himself that Kenya is a country of laws.
People need to start being honest about the way the world operates.
I don’t know much about Cheserem but i know that he was part of the old KANU regime. For this reason, I am suspicious of him.
As for Chege Waruingi, it is wrong for you to assume that just because he is a Kikuyu he would protect other Kikuyus.
I happen to know him personally and he is one of those few detribalised Kenyans that we need. He was a lecturer in the US for so many years and he went there such a long time ago that even his
accent has changed.
Basically, he is a thoroughly professional man.
Maybe that’s why Waruinge did not succeed – having been away for so long, he didn’t understand the system and probably assumed (naively), that people were interested in the rule of law.
I’m sure, they brought in waruinge, in part because he was a kikuyu and they thought he’d be able to ‘play ball’ with the other kikuyu’s and when he refused to do that, he got kicked out.
So, what makes you think they’re going to let cheserem do it?
This is not about reforms. It’s about power and money and protecting your own tribal interests.
In many ways, one could argue that the kenyan political system is free of hypocrisy because people’s desires are so clear and so raw: it’s all about power, money and tribe and there’s no beating around the bush about it.
Ok i don’t agree with the tribal view. All the same, it is so discouraging to see our leaders always think the problem is with the people, the problem is always with the system!
Your need to detrabalise your thoughts first.
One thing you must know is that we need people who can change this country. It does not matter what tribe they come from. If a Kiprotich, Mwaura, Mohammed or Ekong can do it, give them a chance!
What I want now is my investment to be safe. I do not look at the tribe of the person who will do the job but his ability and qualifications. Do you have a better suggestion that Micah Cheserem?
Athlete Gold
Kenya is already tribalised..
You must be one of those hypocrites who ‘DENY’
I think some of the comments are out of context.
Cheserem was the one who saved Kenya from the Goldenberg. He came in at the time when Goldenberg was done. He was at the trial of Goldenberg. Please read the transcripts to see that he is a clean man
He got into central Bank when inflation was in the 70s. He saved our shilling from further deterioration and strenghened it.
Cheserem was never in the Anglo Leasing. He was long gone from Central Bank when Anglo Leasing was being hatched.
Cheserem is a very professional person who will do alot of good to the Capital Market – like he did at the Central Bank.
Said
KE
is saying it is really NOT the competence of Cheserem that matters here…The thing is can Cheserem break the vested Kikuyu interest ? The cartels are so strong and have connections from above!!
Well he got a snowball chance in hell
What is the definition of a Kikuyu cartel?
Could they be class-based cartels with Kikuyu figureheads?
Is it possible that they are actually wazungu cartels, wahindi cartels, Kalenjin cartels etc hiding behind the term “Kikuyu cartels”?
Is this a figment of KE’s imagination or do they really exist?
Let us not assume that the cartels do exist and first prove their existence before even proceeding to the question of Cheserem’s incompetence.
Ke IO
You are really getting pyssed off here but why? Dont you agree with KE when let me quote
….In many ways, one could argue that the kenyan political system is free of hypocrisy because people’s desires are so clear and so raw: it’s all about power, money and tribe and there’s no beating around the bush about it……………
Those are KEs thoughts & words. I tend to agree? Dont You? Strip yourselve of what you wish,strip out all hypocrysy and ponder about the state of Kenya….See what you will get………
Do not get fatigued facing the truth….its only when we do not bury our heads that solutions will be near…
Kenya has many tribes, some are tribal others are not, either way the tribes are not going anywhere anytime soon. But when people keep talking about the Kikuyus and the Luos and the Kalenjins as if we are talking of one person, then there is a problem. We should stop the stereotyping. Being tribal is what leaves people like Kibaki and Raila stealing just because they know their tribesmen will follow behind them. If we as Kenyans started looking at people for who they are and not for an accident of nature in which they could take no part in making the decision then, we would start moving forward.
As you point your finger to the “Kikuyu tycoons” remember that half the population in Kibera consist of kikuyus. The coalition goverment consist of Kikuyus, Luos, kalenjins etc but still we have maize and oil “disappearing”, will you say it’s the Kikuyus who stole? As my grandma says, you cannot condemn the thief alone while leaving the one keeping watch to go scot-free.
Kibaki, Raila, Ruto, Biwott etc are corrupt but Wanjiku and Atieno are busy trying to feed their children as Kibaki and his counterparts steal the maize from the silos.
Lord
I am not actually pissed off – just curious.
However, I am of the opinion that the term “Kikuyu cartel” is an amorphous term that fails the test if closely scrutinised.
Tima and again, diligent observers have noted that what we have in Kenya are “class interests” and not “tribal interests”.
I can assure you Lord that the people of the same class hang together be they Luos, Luhyias, Pokots etc. So even if you live in the mistaken belief that Majimboism will solve your problem – you will be very disappointed when you have you little tiny jimbos, only for the “elite” of the RV jimbo to cooperate with the elite of the Nyanza, Central, Coast jimbos etc and the stealing continues…….
Lord, you need to realize that unity is strength.
Lord:
Thanks for getting the point.
This is not about Cheserem’s competence. By all indications, Waruinge was also clean and competent, but as I keep saying, the NSE is not an island. It’s an institution operating within a corrupt system and thus, it is unreasonable to expect it to clean up it’s act when it is surrounded by this corrupt system.
Until the people in the government decide that they want to create a country based on the rule of law, nothing is really going to change.
Look at what happened to the money that was supposed to be used to compensate the investors who’d gotten burned: The brokers took their cut first (even though the “rules” clearly said they couldn’t) – they took their cut and reduced the amount of money that the investors could have gotten. They just ignored the rules.
The government has to stop expecting everyone else to follow the laws while it continues to flout them.
If the government really wanted to reform the NSE, they’d tell Amos Wako to bring criminal charges against those brokers who have stolen money from the public. until this happens, nothing at the NSE will ever change.
And I still maintain that those Kikuyu brokers are not going to let Cheserem bring them down. If Moi was still in power, I’d have given Cheserem more a chance, but not in today’s environment, he has no chance and if Uhuru Kenyatta keeps messing with them, a phone call will be made to Kibaki to tell him to tell that “young fellow” to cool his heels.
“Me thinks we do protest too much”
What’s with all this defeatist attitude. “Kikuyu’s won’t allow it to happen, Kenya is not a country of Law, tribalism, blah blah blah”
So who is going to hold them accountable? what is our role in all this? are we just passive spectators? Kenyans are an enlightened lot these days and we should ask ourselves how/where we can put pressure to change the system because change is going to come whether they like it or not.
Kenya is ripe for a revolution. Question is where is the leader?
KE
One thing I noticed when I was in Kenya recently (yet again!) is that Kenyans are now very alert. They know exactly what is happening and they know who is culpable. Parliament cannot fool them any longer. Many MPs are held in utter contempt by the people.
I was surprised and pleasantly surprised to see that ODM supporters have actually turned against their own MPs.
Anyway, to come back to the topic, I am an Uhuru Kenyatta supporter. I will follow my leader. I will give Micah Cheserem the benefit of doubt. Let us see what he can do.
I would urge you KE to visit Kenya and talk to the people on the ground. Perhaps your perception is different from their reality. Talk to them…….
Kei O;
What do you mean by: “I will follow my leader”? you sound like a Chinese communist.
KE,
What you are saying is right…. Wacha wapige makelele…
The thing IS the more People like Keio and company continue to trivialize the tribal factor…. the longer the problem will persist..
i do agree with you, but we have alot to do in kenya to avoid people thinking on tribal line. We need to move forward and appoint someone as long he is capable of the job . it immaterial where the person comes from. Records shows that Cheserem did alot at central bank, I had no crue that he is Kalenjin and neither do I need to have.
isaiah
Said: I think some of the comments are out of context.Cheserem was the one who saved Kenya from the Goldenberg. He came in at the time when Goldenberg was done. He was at the trial of Goldenberg. Please read the transcripts to see that he is a clean manHe got into central Bank when inflation was in the 70s. He saved our shilling from further deterioration and strenghened it.Cheserem was never in the Anglo Leasing. He was long gone from Central Bank when Anglo Leasing was being hatched.Cheserem is a very professional person who will do alot of good to the Capital Market – like he did at the Central Bank.
KE
What I mean is that I will be loyal to my leader. I will trust the position that he takes because I know that we cannot all be leaders. I will not oppose just for the sake of opposing. It is ridiculous.
Some have to lead and others have to follow. In this case, I follow Uhuru Kenyatta.
What is wrong with the Chinese model of leadership? I do not see anything wrong with it. On the contrary, this model has been very successful for the Chinese economy and stability.
I think it is a model that could work in Kenya and Africa as a whole.
KeiO,
Wacha kujitetea…. You cannot lie to the common mwanainchi. People like you, who like to ignore the things that divide Kenyans are the one’s who have made Kenya be where it is right now. When people like KE try to address these issues … You always show your raw tribalism. Kwani you think you are the one who owns Kenya with your Uhuru ?…. Kenya belongs to the people- And the people are going to send a very strong message come 2012 or earlier.
Let me tell you even if Uhuru wins through rigging… Kenya will NOT be same country again.
You cannot ram your patronage in Kenya’s throats. Tumekataa- The truth is Raila is Kenya’s next president- If this does not happen and another Kikuyu rigs his way again. Then just prepare for serious problems !!
Kei O: KEWhat I mean is that I will be loyal to my leader.I will trust the position that he takes because I know that we cannot all be leaders.
Why do you think Uhuru is a leader?
YoYo: The truth is Raila is Kenya’s next president- If this does not happen and another Kikuyu rigs his way again. Then just prepare for serious problems !!
Aren’t you showing YOUR own tribalism here? after picking on kei o.
Why are you so sure that raila will be kenya’s next president?
I personally think he’ll be too old (70) and the country needs a fresh start and a fresh, younger, face.
KE,
A times i find myself with NO option when I see people with raw tribaism like KEIO ….. An eye for an eye … I always tell myself.
But what you have said its true.. Raila is getting old… But we still don’t want a Kikuyu..
We are sick of these people dominating in here in Nairobi. Everybody wants to eat have a nice house and good income.
This is an interesting issue you raise about people being sick of kikuyu’s dominating because kalenjins were in power for 25 years and didn’t they dominate as well or was their domination different?
I was having a discussion with someone this weekened (a kikuyu) who told me that even under moi, there was still some trickle down effect, but now what is happening, is that the money has become far more concentrated among a few kikuyu elites and many kikuyu’s themselves are angry about this.
So, what is happening? is the money just not trickling down or is there still anger about the election result?
KEIO,
I really don’t hate any Kikuyu… I have a lot of Kikuyu relatives who have married in my family.
I do acknowledge there are some very hardworking Kikuyus I have come across…. But the rest of the country has hard working people too.. Who want to good life.
The thing is the Elite Kikuyu’s are eating among themselves and the only trickle down effect is going to Kikuyu’s and not Kenyans.( The Jimnah Mbaru’s, Macharia’s, Githunguri’s, Nyaga stock kleptomaniacs and Trancentury group monopolisers and Thuo patners in Stock swindling are some but to name afew)
I blame those Kikuyu elite’s who have a very narrow view of Kenya…. Some of them think Kikuyu is the only tribe in Nairobi… and go about talking to everyone they see In Kikuyu(I find this very irritating)…
I speak Kikuyu but …. I don’t go about talking to everyone in It. If the Kikuyu want to plunge Kenya in to anarchy … let them go ahead… we are ready for any altercations.
KE,
You see MO1 had a lot of sympathy for the smaller tribes- Kibaki is a direct opposite.
Although i can credit Kibaki with doing some good things. He still has failed in so many ways.
One program that I think is long overdue is .The Nys recruitment for every person that completes high school.
I have many relatives who cannot even fund themselves to move out of the Village let alone find a job. I talked to some of them recently .
Another program that needs to be Introduced is the peace corps program like the one they have here in the United States.
I’m sure the government can get funds for this from the UN to fund a peace corps program.
The government has totally ignored the YOUTH and they’ll pay very dearly when these people start causing social upheavals and start engaging in lawlessness.
KE
Its true .’Despite Moi running down the country for 24yrs Kenyans(outside Kikuyus) dont HATE Kalenjins.They Dont EVEN hate MOI’
Ke…Believe it or NOT….i have seen & heard Kenyans congratulate Kalenjins over the pev……Yes Kenyans….They buy Kalenjins drinks and tell them kazi….iyo ilikuwa mzuri….hii watu wametuchokeza…..etc…..
Thats why even Ruto won the vote in parliament where out of 22 against ruto….17 were kikuyu…….Alll Kenya suppoted RUTO
NOt because ruto was clean…Only because he was non Kikuyu….
Kikuyus have an IMAGE problem….
Yoyo
That is what they said in 2007 – that Kikuyus will be wiped out blah, blah – it didn’t happen and it ain’t gonna happen. Not in a million years. You will end up in a mental institution if you continue ranting like that. I feel that you almost deserve it! Kikuyus will frustrate you to death my friend.
And thank you for giving the advance warning although it was not necessary. Every Kikuyu now knows what to expect (for ever) – na watu sio kondoo.
Anyway, I personally don’t really care whether you hate Kikuyus or not. All I know is that I am OK and I will always be OK. My wellbeing does not depend on being validated by anyone else – least of all because of my ethnicity. Yes, I have enough money for my needs but this is because of the grace of God – not due to any individual.
And by the way, Uhuru has not declared his candidature for 2012 – so you are really jumping the gun.
KE
I have been a supporter of Uhuru since 2002. Before that, I was a loyal supporter of President Daniel Arap Moi. I am a loyal KANU member.
As for why I think he is a good leader. It is because he is wise, modest, kind, moderate, courageous, fair, strong, eloquent, down-to-earth and visionary. The kind of leader that Kenya needs.
keio,
Shauri yako …. This is the same attitude I’m talking about… Assuming that Kikuyu is the only tribe in Kenya.
Who said… Kikuyu’s will be wiped out… I did not say anything like that.. In fact the Mungiki are the one’s trying to wipe out people here in Nairobi.. Get your facts right.
I’m not ranting… I’m just showing you … your ignorance. The day people like you wake up from your ignorance .. Thats the day Kenya starts growing.
Yoyo, you say you are in Nairobi and here you go on ranting bout how Raila will be the next president? Being on the ground you should have by now seen the hate he has managed to acquire over the past one year even from his own supporters – right from his very own constituency.
Yoyo
Wewe wacha zako.
What wrong has Keio done by stating that he supports Uhuru Kenyatta? That is his choice. You have your choice. There is no need of insulting Keio and the whole of the Kikuyu people.
Support your candidate and let Keio support his candidate in peace. No need to be violent about it.
Infact, it has now become clear to me that Kikuyus are not the problem. It is those who hate them for no reason who are the problem. This is why the international community has shifted support to Kibaki.
I mean, just look nat what Ruto has managed to do in one year! Supposing this kind of person had more power than he already has – NO DOUBT Kenya would collapse.
I really feel bad about the way innocent Kikuyus were killed and chased from their property. For no reason at all. By morons reasoning like you YOYO.
I am not a Kikuyu by the way. Just for the record.
KE,
I think you get the picture NOW. I just wanted you to get the picture and the picture has come out.
There is NO way in HELL Cheserem will beat the cartels which are already there in the stock market(nse)
Mpita Njira, keio et al,
There is nothing wrong with KEIO supporting Uhuru Kenyatta ….. I think you missed my point.
If the Kikuyu will only vote for the own…. Why are they against FEDERALISM ?…. Nobody wants the Kikuyu’s because they entrench their own. Thats why we want our own state complete with full powers.
You see what you don’t realize is that when we Have a RIFT Valley state…. The KIKUYU will be the minority and the everything will be dominated by our own people. We have the best fertile lands in Kenya. Even the Kikuyu buy our maize. So why are you suppressing our people.
Think about it… When federalism kicks in .. The KIKUYU will be the main loser.
In 2012:
I don’t want dan moi or his sons
I don’t want kibz or jimmy or judy or lucy or wambui
I don’t want RAO or fidel or oburu
I don’t want a kenyatta or muhoho
I don’t want a biwott
I don’t want georgie porgie saitoti
No ruto
Definitely no kiraitu murungi (scams follow this guy around or vice versa)
I want an untainted LEADER. Since Barack Obama will be busy… I say we start looking around for someone.
I am thinking Titus Naikuni (KQ) or Gerald Mahinda (EABL) or Manu Chandaria (MRM) or Michael Joseph (Do you have to be born in Kenya to be prez? – Safaricom) or Evans Kidero (Mumias) or Adan Mohamed (Barclays) or Vimal Shah (Bidco) or Martin Oduor-Otieno (KCB) or Richard Leakey (KWS) or…
Cold Tusker….
– I have applied for the job. http://www.coldtusker.blogspot.com
Someone who is grounded in running a for-profit. Not over-fed politicians!
Please exclude the following so-called ‘businessmen’:
yagnesh devani
jackson ‘maize trading’ kibor
paul pattni
harun mwau (I just can’t put my finger on it but… NO)
ketan somaia
naushad merali
chris ‘uchumi’ kirubi
Rift Valley State??? Hehheheheee!!
That is a joke.
Need I say more?
Are you seriously suggesting that Kenya should be subdivided into tribal units?
This will NEVER happen. That I can guarantee you.
Yoyo, Lord et al
Read this article and honestly tell me who is on the wrong. Be honest with yourself as you only have your conscience to face.
http://www.eastandard.net/news.....9&
Ok,
So you want to play the hyperlink game…
Sawa basi…
http://www.nation.co.ke/News/-.....index.html
Hata wewe soma hiyo !!
Apparently Mungiki is alive and well and some are recruiting Nairobi University Students.
KeiO
A moving story that shows
1) Strenght of true LOVE
2) The division between the Kalenjin & Kikuyu
It talies with all i and others have been saying……This country is seriously federated.
If you DO NOT think majimbo is comming then go buy land in Iten,ELd,Kapsabet
if you are especially Kikuyu……
Thanks
First, one believes that the problem at the NSE is tribal chieftains. The problem at the NSE is government i.e. parliament + executive… not tribe. If Mbaru was that powerful, why didn’t he manage the Starehe seat? food for thought.
The NSE is a private company, that means the owners are protected by the constitution. Granted they need to clean up their act, but the weakness of CMA and the CMA act cannot be blamed on the Kikuyu, they form a minority in parliament! If Cheserem is to repeat his feat, he may very well need good will from parliament, wisdom as well as a good technical team to help him out, all of which are in short supply, otherwise I cannot see him being very successful.
As for the next president of Kenya, I am worried by what I see in parliament… and even more worried about the rest of Kenyans. We do not know what is good for us, and for that I blame our education system in general and the lack of philosophical outlook in particular.
Question though? what would make anyone think that a Kikuyu president is better than a luo president or vice versa. isn’t that foolish? Isn’t the best president the one with the road map to canaan? I’m not very optimistic about Kenya because I think we would not know that leader even if God literally pointed him/her out to us.
Johnson,
I’ll give you a warm welcome first…. I understand that was your first blog on this particular post.
The first task we’ll give you today…
1. Is counting how many fingers you have on your Right hand…
2. Use Index finger to point at who you blame…
3. Then count how many fingers are pointing back at you..
4. That’s where the problem sits..
I hope you get the drift- The problem sits at passing the buck..
Maisha,
If you think we complain too much then you must be in the wrong blog.
The youth are facing a lot of music and they have to say it like it is-
There are many blogs which praise the current system as it is- You’ll find them online too. I recommend
http://www.Communication.go.ke
Have fun praising Kibaki and his cronies- Say hi to Alfred Mutua !!