How Kenya Port in Mombasa became the sovereign property of China

this pic is an example of how unplanned Nairobi is

such filthy town with no water

Shma:
takoradi is just like kibera, and Accra is an advance version of kibera.
So can you compare the mentioned with this super class city

Shma:
mitsi, post the pic again and let the boy see.
He's now living in denial.

there is a whole video for him

Shma:
kisumu is better and bigger than Accra.

Kisumu is the size of a village here

Just30:
Does it operate in Ghana or not ?

The government of Ghana has an arrangement with them where by Ghana government owns a portion of the Company in order for them to open a new mine.
2. Ashanti Goldfields has been in operation since 1880 before merging with AngloGold
Is AngloGold South African?

This is the merger document, you can read
https://www.sec.gov/Archives/edgar/data/1008136/000120561304000045/merger.htm

I literally said they operate in Ghana, also I never disputed that the Ghanaian government can own a portion of the company.

I simply stated that paying tax doesn't mean its a Ghanaian company:

FYI:

"The AngloGold journey began in South Africa in May of 1998, when the gold and uranium mining interests of Anglo American Corporation of South Africa were consolidated. In August 1998, AngloGold became the first South African company to list on the NYSE."

https://www.anglogoldashanti.com/company/history/

Who will be so dumb enough to sign away the Sovereignty of Mombasa

Your deputy says he was proud to sell Mombasa for a loss-making business

First year and it is already 98 million dollars in debt

jl115:
I literally said they operate in Ghana, also I never disputed that the Ghanaian government can own a portion of the company.

I simply stated that paying tax doesn't mean its a Ghanaian company:

FYI:

"The AngloGold journey began in South Africa in May of 1998, when the gold and uranium mining interests of Anglo American Corporation of South Africa were consolidated. In August 1998, AngloGold became the first South African company to list on the NYSE."

https://www.anglogoldashanti.com/company/history/

How do you think it became AngloGold Ashanti

a joint venture between two great companies does not make it just an SA company anymore

Just30:
same way AngloGold and Ashanti GoldFields are two different companies who merged to become a behemont corporation.

True,.

jl115:

True,.

sure

Just30:
and it doesnt make it anyless a Ghanaian company

Who are the Directors, where is the headquarters and who is the majority stakeholder?

Just30:


How do you think it became AngloGold Ashanti

a joint venture between two great companies does not make it just an SA company anymore

You said AngloGold and Goldfields are Ghanaian companies.

Goldfields Limited is not Ashanti Goldfields corporation...............This is where the confusion came in!!

As for AngloGold ashanti well imo it still a SAn company as the headquarters and Directors are all South African and Ghanaian shareholders only owns 2% of AngloGold Ashanti...................

There is a reason why two Ghanaians are selected unto it Independent Non Executive directors by the Ghanaian Government

jl115:
Who are the Directors, where is the headquarters and who is the majority stakeholder?

Just30:
There is a reason why two Ghanaians are selected unto it Independent Non Executive directors by the Ghanaian Government

Ghana only own 2% shareholding in AngloGold Ashanti............the biggest shareholders in AGA are South African companies.

jl115:

You said AngloGold and Goldfields are Ghanaian companies.

Goldfields Limited is not Ashanti Goldfields corporation...............This is where the confusion came in!!

As for AngloGold ashanti well imo it still a SAn company as the headquarters and Directors are all South African and Ghanaian shareholders only owns 2% of AngloGold Ashanti...................

ofcourse Goldfields is not the same as Ashanti Goldfields

Not all the directors are south African

Just30:
It is registered as a merged company

Company profile on Ghana stock exchange

Incorporated on May 29,1944 in South Africa as Vaal Reefs Exploration and Mining Company Limited.The Company changed its name to Anglogold Limited on march 30, 1988 After a consolidation. On April 26, 2004,the Company merged with Ashanti Goldfields Company Limited to form AngloGold Ashanti Limited.

nothing like external

it has been operating since 1880

Ashanti Goldfields corporation is Ghanaian, AngloGold Ashanti is not...............

jl115:
Ghana only own 2% shareholding in AngloGold Ashanti............the biggest shareholders in AGA are South African companies.

South Africans holds just 25%

Just30:
ofcourse Goldfields is not the same as Ashanti Goldfields

Not all the directors are south African

You said Goldfields hence the misunderstanding

Most are, but not all as you stated

Just30:
South Africans holds just 25%

Yeah i know, technically its American , however the single biggest shareholders are South African

neither is it South African

jl115:

Ashanti Goldfields corporation is Ghanaian, AngloGold Ashanti is not...............

jl115:

You said Goldfields hence the misunderstanding

Most are, but not all as you stated

you should have known i was referring to two different companies

the biggest shareholders are American

jl115:
Yeah i know, technically its American , however the single biggest shareholders are South African

.

Just30:
the biggest shareholders are American

Jiln s always looking for an escape route

Just30:
Who will be so dumb enough to sign away the Sovereignty of Mombasa

Your deputy says he was proud to sell Mombasa for a loss-making business

First year and it is already 98 million dollars in debt

Kenyans on this thread don't reason properly most times. Reason why I don't always engage their contributions. They ll see the truth, yet they'll be too sentimental to admit it. When you say, most Kenyans are poor for instance. They'll say "hell no" whereas maybe one of them present on this thread is living right in the heart of kibera.
For South Africans , gosh their case is too complicated.

mtisTheQubit:

to be honet 8% is not small..

anyway my take...malema might be your solution but problem is he not smart...SA needs something new...dont be like old europe or japan ...start growing your economy..

Malema is not SA solution, something new is not necessarily good

South africa needs Herman Mashaba not malema

Just30:
Who will be so dumb enough to sign away the Sovereignty of Mombasa

Your deputy says he was proud to sell Mombasa for a loss-making business

First year and it is already 98 million dollars in debt

show us your superior railway

mtisTheQubit:

No accra na small..we roll with big shots...

Saleing off what little is left.

AskiaHarem:


Saleing off what little is left.

Pray for Kenya....

The railway that in 2nd-year operation has grown it's revenues to 110M dollars is not dead - and has since it's cargo rise from zero to 5M tonnes.

Revenue last year rose 3 times - cargo by nearly 50%.

Mombasa port well on it's way to 35M - 1.4M tonnes - bigger than two Lagos ports of Apapa and Tin Can.

Don't even compare it with Ghana.

Just30:
Who will be so dumb enough to sign away the Sovereignty of Mombasa

Your deputy says he was proud to sell Mombasa for a loss-making business

First year and it is already 98 million dollars in debt

Just30:
the biggest shareholders are American

In total yes but the biggest single shareholders are SAn

Just30:


you should have known i was referring to two different companies

I should've known? no bro you should've known as you simply said Goldfields which is a South African company...........If you said Ashanti Goldfields or something like than then different story.........Besides as you said Ashanti Goldfields does not exist anymore as it merged with AngloGold!!

Just30:
neither is it South African

Fair enough, however Goldfields and MTN are South African