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, 4 tweets, 2 min read
Let's connect the dots...

CBA offers to buy Jamii Bora bank at sh1.4bn in Jan 2019

NIC bank acquires the Jamii Bora's KQ loan of sh412 mn in June around the time CBA-NIC merger is expected to be finalized.
KQ offers to acquire JKIA from KAA ...
businessdailyafrica.com/corporate/comp…
Acquisition of JKIA is meant to help KQ, Jamii Bora's debtor (a debt bought off by NIC which in turn merges with CBA, return to profitability.
businessdailyafrica.com/news/Regulator…
KAA seem to have no objection ceding control over the strategic profitable airport to KQ just so that the loss making airline could boost revenues.
Someone pulling strings?

Portion of debts were converted to equity. CBA-NIC will be a shareholder as well.
businessdailyafrica.com/corporate/comp…
So that every contingency is covered to safeguard interests in KQ & generate economic rents, a plan to nationalise KQ is ready & in play. All this is done in the name of saving KQ & safeguarding a strategic national resource. That's the cover story.
businessdailyafrica.com/economy/Parlia…
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