Kenya fact of the day

The two women carried on about liquidity and profit margins, and recalled with pride attending the first shareholder meeting of KenGen this year, an event so huge that it had to be held in the city’s largest soccer stadium. About 200,000 people from all corners of the country came like so many newly minted executives.

"I felt so good," Kariuki recalled. "It was just normal, common people. People dressed well. What impressed me was the number of old women — they were coming in their traditional clothes. They were telling me, ‘Yes, we bought!’ "

Here is the full story.  I am not in any particular sense bearish about Kenya’s future, relative to its starting point.  And I am pleased to see that the country is growing so rapidly.  But I do believe the time has come to sell, or if you can (ha!), sell short.


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