Mr. Seed Kenya Services
SERVING YOU ABROAD
Mr. Seed has opened an office in Nairobi, Kenya. The office is located at 7th Floor, Jubilee Insurance Exchange, Kaunda Street, Suites 701-702, P.O. Box 70351-00400, Nairobi, Kenya. Tel: 00254-721991597, email: email@example.com. Our partner in Kenya is Mr. Stephen M. Mwangi a former Bank manager for 25 years. UK, Europe, USA, Asia & Australia contacts are email: firstname.lastname@example.org Tel: +447951220695. We offer different services to Kenyans abroad like helping you acquire PIN NUMBERS, CDS ACCOUNTS, BUYING NAIROBI STOCK SHARES ON YOUR BEHALF, OPENING KENYA COMMERCIAL ACCOUNTS, LAND BUYING AND SELLING THROUGH A LAWYER, PAYING MONEY ANYWHERE ON YOUR BEHALF, CAR HIRE, APARTMENTS FOR RENT WHILST VISITING KENYA, HOTEL BOOKINGS ON YOUR BEHALF ETC.
We are now opening CDS Account and acquiring PIN No. for those abroad. For CDS Account you just need two passport photos and a copy of your ID or Passport. Did you know that you cannot BUY or SELL in Kenya without a CDS account? When you buy shares, the shares are deposited into your CDS account. Soon you will be able to view you shares on internet. Due to fraud in Kenya, the government has introduced a new system where have to produce your photo if you want to be registered. To buy or sell land in Kenya today you have to produce the photo of the buyer and the photo of the seller at the Land Registrar. When you sell your land, they remove your photo and fix the photo of the buyer in your file at the land registry. The same system applies with Shares. We are offering these services to those abroad.
Likewise, you cannot buy or sell a house without your PIN Number. You cannot open Water, Electricity & Bank Accounts, Buy or Sell a Car, Import a Car etc. without this pin number. Were out to help you catch up with the new developments in Kenya where everything is moving fast. You might travel back to Kenya and find that you are living in your own world. In conjunction with Mr. Seed Money Transfer we can do a lot for you in Kenya including paying money anywhere on your behalf. Last month of December, 2006 Kenyans in the UK trusted us to transfer £480,000 on their behalf.
NAIROBI STOCK EXCHANGE SHARES - WHY SHOULD YOU BE LEFT BEHIND?
KenGen, Safaricom and Kenya Reinsurance Shares are just about to be floated in the month of February or early March 2007. Get ready to buy them for your investment. A friend of Mr. Seed Mr. Patrick Kimemia and his family in Kenya made a cool KShs. 2 million with KenGen shares last year. Why don't you start investing for your old age?
Contact Mr. Seed or Mr. Mwangi for the application FORMS. Get yourself ready before the shares are floated. When it comes to buying and selling shares, we offer those services as well. From the time we launched the new services in the new year 2007, we have opened CDS accounts for 18 people in UK, 3 in German, two in the USA and one in China. Contact us and we'll send you a application form. After filling the form you can either send to Mr. Mwangi in our Nairobi office or to Mr. Seed in London. Mr. Mwangi recently bought some shares for a Kenyan living in South West London worth KShs. 500,000.
WHEREVER YOU ARE IN THE UK, EUROPE, USA, EUROPE, CHINE OR AUSTRALIA, WE ARE THERE FOR YOU.
WE ARE A TRUSTED TEAM, WE CANNOT AFFORD TO MESS UP IN THIS NEW ERA OF TRANSPARENCY
TRUST US AND WE WILL DELIVER THE SERVICES.
IF CASE YOU HAVE ANY PROBLEM WITH OUR SERVICES IN UK OR IN KENYA,
PLEASE CONTACT MR. SEED ON email@example.com or +447951220695.
MORE KENYAN SERVICES BELOW
Opening of Consolidated Bank of Kenya
YES, YOU CAN OPEN CONSOLIDATED BANK OF KENYA WHILE IN USA, CHINA, SOUTH AFRICA, NEW ZEALAND
OR EVEN THOSE SIX KENYANS LIVING IN NEW PAPA GUINEA OR ALASKA CAN DO IT.
Contact Mr. Seed on 07951220695 or firstname.lastname@example.org
Are you looking a commendable lawyer in Kenya?
Connie Houghton - Tel: 0720082352 - email@example.com
Mrs. Nyambura Musyemi - Tel: 0722513991 - firstname.lastname@example.org
Titus M. Kinyanjui of Kinyanjui Advocates - Tel: 0722843841 - email@example.com
Laywer James Nyiha of Nyiha Mukoma - Tel: 00254-20-249247/8 - firstname.lastname@example.org
Nyambura. Kinyanjui of Kinyanjui Advocates - Tel: 00254-20-216974 - email@example.com
Are you intending to visit Maasai Mara?
Contact the manager Mr. Jusper Bore: Mara Sopa Lodge
Tel: 00254-20-3750183 - firstname.lastname@example.org - www.sopalodges.com
While still abroad do you know that you can order for:
VIDEOS AND PHOTOS COVERAGE OF FUNERALS, WEDDINGS,
FAMILY GATHERING AND ANY OTHER OCCASION IN KENYA.
ALL TO BE POSTED TO YOU?
CLICK HERE FOR MORE INFORMATION
Are you looking for an architecture in Kenya?
Kagwanja Thuo, Tel: 0722525472 - email@example.com
Kenya's main index has risen 787% in dollar terms since 2002, making it one of the world’s best performing markets (see story below)
Share crazy: how Kenyans fell in love with
their stock market
The wealthy and not so wealthy cash in on a record 787% rise in value
Xan Rice in Nairobi
Tuesday February 6, 2007
Traders on the floor of the Nairobi stock exchange. The main index has risen 787% in dollar terms since 2002, making it one of the
world’s best performing markets. Photograph: Radu Sigheti/Reuters
There is a mad rush for seats when the doors open at 10.30am. Sharp-suited businessmen jostle with taxi drivers wearing hand-me downs; women with sleek mobile phones squeeze in next to farmers from the countryside.
All eyes are fixed on the white screen at the front. A huge spreadsheet appears, packed with numbers that slowly change. Geoffrey Wachira, a 27-year-old moneychanger, smiles. "My shares are up again," he whispers.
Kenya has gone share crazy. The incredible performance of the Nairobi Stock Exchange (NSE) - which is next to the public auditorium and provides the live share-price feed - is the talk of the country. From 2002 to 2007, the main NSE index rose 787% in dollar terms, according to Standard & Poor's, the investment research firm, making it one of the world's best-performing markets.
Jimnah Mbaru, the NSE chairman, said: "We have several stock market billionaires [1bn shillings equals £7.2m]. We've stopped counting the multimillionaires."
Stories of overnight wealth creation have created a huge frenzy for shares from people who have never invested in the stock market before. When KenGen, the state's biggest electricity company, listed its shares last year, there were queues at brokerages all over the country. Local media reported how small-scale farmers were selling their cattle to buy the shares. Banks suddenly offered "share loans" to people who had been considered unworthy of credit.
The KenGen offer was more than three times oversubscribed, and 70,000 people were allocated shares. The price quadrupled on the first day of trading. Demand for a stake in last year's other big listings - including Eveready, the battery maker, and Scanad, an advertising company - also dwarfed supply. By the end of the year, 15bn shillings of new money had poured into the market, and the index had risen 60%.
The Kenya Association of Stockbrokers said the success of the new listings meant that close to a million Kenyans now owned shares. Amish Gupta, chairman of the association, said: "Suddenly we have got the mass market buying stocks, not just the elite." Most new investors today are aged between 22 and 40, he added. "Savvy men and women looking for quick returns."
The NSE's resurgence began towards the end of the notoriously corrupt era of Daniel arap Moi. When it became clear he would hand over power peacefully in December 2002, the NSE 20 index of leading shares emerged from a nine-year bear market. From a low of 1,000 points, it more than doubled in President Mwai Kibaki's first year in power.
A sound economy has kept the trend pointing skywards. Growth has been steady at about 5% a year. Interest rates have dropped and inflation stabilised. Tax collection has nearly doubled. The Kenya shilling has appreciated against the dollar. And vast sums of money have poured in from the diaspora; not just to sustain families, as before, but also to invest, helping the NSE index burst through 6,000 points for the first time.
The buzz about the stock market is seen online, where numerous blogs are now devoted to the bull market, and at the exchange itself. As red-jacketed traders sat hunched over their computer screens, Mr Wachira emerged from the public gallery. His turn was over: demand for seats is so great that a new audience is allowed in every hour.
When he and his wife, Patricia, a fruit vendor, had first managed to save some money they bought a plot of land. But their friends were making far better returns by playing the stock market. So last June they started buying shares and so far have made 50,000 shillings profit (£360) - nearly twice his monthly wage.
Mr Wachira's story is typical of the shifting attitudes towards investment in Kenya. Historically, most people with spare cash kept it under the mattress. Wealthier individuals bought livestock, opened a stall selling clothes or mobile phones, bought a matatu minivan taxi or, most popular of all, purchased property.
Professor Chege Waruingi, chairman of the Capital Markets Authority, which oversees the NSE, said: "The whole value system here is changing fast. Younger people no longer feel they have to purchase land to prove their worth."
Mr Waruingi said the stock exchange still needed reform. The NSE was still too much of an old boys' club, he said, as most of the big money was still being made by a select few well-connected investors. The market also lacks transparency and liquidity - only 50 companies are listed. He is urging the government to sell more of its holdings in mature companies to boost the secondary share market.
Aly-Khan Satchu, a Kenyan who worked in finance in the City of London for 20 years and has just published a book about investing in the NSE entitled Anyone Can Be Rich, agrees that this is the way forward. He equates the Kenyan government's decision to sell off state assets such as KenGen and the telephone company Telkom, due to be listed this year, with Margaret Thatcher's privatisation drive in the UK during the 1980s, when nationalised industries such as British Telecom and British Gas went public, dramatically widening share ownership.
"These new shares are being issued at a discount, so the investors are happy," said Mr Satchu, who claims to be making more money investing locally than he ever did as a City high-flyer. "And the government is turning loss-making investments into revenue. It's a win-win situation for the country."
While he is particularly optimistic about Kenya, he believes that stocks across much of the continent may be undervalued. All of the sub-Saharan African stock market indices monitored by Standard & Poor's, including Zimbabwe, Ghana, Botswana and Nigeria, have more than doubled in dollar terms since 2002 - a feat unmatched by the US or British markets.
Not everyone is convinced that the Kenyan boom can carry on. Rob Shaw, a local economic analyst, said the market had reached a bubble stage. But try telling that to Simon Mwangi, 49, an informal trader with dusty shoes, a faded yellow shirt and an old baseball cap who was in the public gallery the other day. He was checking up on the 200 Eveready shares he bought during the company's flotation last year. "So far, so good," he said. - Source: The Guardian, London