chongchung
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- Jun 23, 2013
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Public Transport Dar es salaam vs Nairobi
Public Transport Dar es salaam vs Nairobi
- Thread starter Emc2
- Start date
Mwanzi1
JF-Expert Member
- Sep 19, 2016
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Makofi kwake jamani, makofi...
my favorite hukooo tanzania!!! na utawaskia wakiema sasa zanzibar sio tanzania!!!
pwapwapwapwapwapwapwapwa.....
When you fail your exam by copying wrong answer from your friend next to you.
Tokea uzi umeamza mmeambiwa tuonyesheni usafiri wa Nairobi na mueleze unatumikaje. Watu mko busy kubeba magoli na kuya hamisha, mara kushoto, mara kulia. Tatizo ni nini hapo?[emoji15]
waltham
JF-Expert Member
- Jan 23, 2014
- 2,522
- 1,045
NEWS
POSTED 19/10/2016
BRT company ‘broke’ over Sh6.4 billion debt
Buses operated by Udart ply one of the bus rapid transit routes in Dar es Salaam when BRT services were launched in the city earlier this year. PHOTO | FILE
By Alawi Masare @AMasare malawi@tz.nationmedia.com
IN SUMMARY
- Simon Group of companies was thrown into a corporate crisis following the shock decision to declare it “bankrupt” with the appointment of a receiver manager to take over its assets and oversee operations.
Dar es Salaam. The company with a controlling stake in Dar es Salaam’s bus rapid transit (BRT) has been put on receivership for reportedly failing to repay over Sh6.4 billion owed to TIB Development Bank Limited, formerly Tanzania Investment Bank (TIB).
Simon Group of companies was thrown into a corporate crisis following the shock decision to declare it “bankrupt” with the appointment of a receiver manager to take over its assets and oversee operations.
Simon Group chairman and CEO Robert Kisena last night told The Citizen the company will fight back the bankruptcy order as he sought to calm worried business partners and the market.
“We are willing to pay our debt and will enter into discussions over the same with TIB,” he said in a telephone interview. He detailed reasons why the company has found itself in what could be a costly financial dispute with the public lender.
News of the move against Simon Group was revealed in a media notice yesterday announcing that NexLaw Advocates would take over the administrative functions of the company to try to recover the huge debt. The mandate allows the receiver manager to collect income and dispose of any assets of Simon Group to recover the money accruing from a 2011 loan to develop a ginnery in Mwanza Region.
Simon Group is the company that controversially bought the city’s public transport company, UDA, through which it became the main shareholder of UDART, currently operating the Bus Rapid Transit (BRT) that have revolutionalised Dar’s congested transport system.
It was not immediately clear how the decision to take over Simon Group will impact on the BRT operations but Mr Kisena was quick to assure that the dispute will not disrupt UDART business which has also recently encountered turbulence over reported losses.
Sources familiar with the dispute told The Citizen that NexLaw Advocates was currently doing due diligence on Simon Group with a view to establishing what part of its business and assets, both fixed and non-fixed, come under the order. The law firm is expected to assume all directorship of Simon Group in several companies. It will also take up shares owned by the company.
Receivership is a type of corporate bankruptcy in which a receiver is appointed by bankruptcy courts or creditors to run a defaulting company.
“By virtue of the company being under receivership, the powers of the directors in terms of dealing with the assets of the company ceased,” read the notice released by Mr Ayoub Mtafya and Nuhu Mkumbukwa, who are the joint administrative receivers.
Some of the already identified Simon Group assets that could go under the hammer are five plots at Igogo Industrial Area in Mwanza. The firm’s shareholding in UDA stands at about 80 per cent.
The receiver managers warned that no one other than NexLaw Advocates would henceforth receive any payments due to Simon Group. “Anyone who receives, uses or attempts to buy, transfer or sell assets of the company or otherwise deal without the prior written approval of the receivers will be acting in contravention of the law and will be exposed to legal action,” they warned through the public notice.
Simon Group is involved in several ventures and is said to have borrowed up to Sh80 billion from commercial banks to buy a fleet of UDA buses as well as the modern BRT buses that started operations in 2016.
Trouble over the TIB Development Bank loan started in December 2015 when the Commercial Court Division ruled against Simon Group in a case it had challenged the bank over the recovery of the debt. TIB won a counterclaim and Simon Group was asked to pay a sum of Sh5.9 billion plus other accruing charges from 2011.
The bank has moved to appoint a receiver manager after default to implement the court order. It relied also on a debenture and mortgage agreement it entered with the private company should it fail to recover the loan.
But Mr Kisena yesterday linked the move against them to an apparent government crackdown on formerly privatized state corporations. He said they were ready to pay a debt of Sh4 billion, the value he believed to be correct.
In 2008, Simon Group bought Nyanza Cotton Oil Ltd at Sh3.1 billion while Sh2.8 billion of it was a loan from TIB Bank.
The debt is now estimated at Sh4 billion including the interest cost.
Following the world economic crisis the same year, the cotton sector was heavily affected and the government announced to bail out the sector.
According to Mr Kisena, their factory applied for the bailout but could not secure the credit facility from the central bank.
In 2010, the factory was grounded following the fall of Nyanza Cooperative Union.
waltham
JF-Expert Member
- Jan 23, 2014
- 2,522
- 1,045
NEWS
POSTED 19/10/2016
BRT company ‘broke’ over Sh6.4 billion debt
Buses operated by Udart ply one of the bus rapid transit routes in Dar es Salaam when BRT services were launched in the city earlier this year. PHOTO | FILE
By Alawi Masare @AMasare malawi@tz.nationmedia.com
IN SUMMARY
Dar es Salaam. The company with a controlling stake in Dar es Salaam’s bus rapid transit (BRT) has been put on receivership for reportedly failing to repay over Sh6.4 billion owed to TIB Development Bank Limited, formerly Tanzania Investment Bank (TIB).
Simon Group of companies was thrown into a corporate crisis following the shock decision to declare it “bankrupt” with the appointment of a receiver manager to take over its assets and oversee operations.
Simon Group chairman and CEO Robert Kisena last night told The Citizen the company will fight back the bankruptcy order as he sought to calm worried business partners and the market.
“We are willing to pay our debt and will enter into discussions over the same with TIB,” he said in a telephone interview. He detailed reasons why the company has found itself in what could be a costly financial dispute with the public lender.
News of the move against Simon Group was revealed in a media notice yesterday announcing that NexLaw Advocates would take over the administrative functions of the company to try to recover the huge debt. The mandate allows the receiver manager to collect income and dispose of any assets of Simon Group to recover the money accruing from a 2011 loan to develop a ginnery in Mwanza Region.
Simon Group is the company that controversially bought the city’s public transport company, UDA, through which it became the main shareholder of UDART, currently operating the Bus Rapid Transit (BRT) that have revolutionalised Dar’s congested transport system.
It was not immediately clear how the decision to take over Simon Group will impact on the BRT operations but Mr Kisena was quick to assure that the dispute will not disrupt UDART business which has also recently encountered turbulence over reported losses.
Sources familiar with the dispute told The Citizen that NexLaw Advocates was currently doing due diligence on Simon Group with a view to establishing what part of its business and assets, both fixed and non-fixed, come under the order. The law firm is expected to assume all directorship of Simon Group in several companies. It will also take up shares owned by the company.
Receivership is a type of corporate bankruptcy in which a receiver is appointed by bankruptcy courts or creditors to run a defaulting company.
“By virtue of the company being under receivership, the powers of the directors in terms of dealing with the assets of the company ceased,” read the notice released by Mr Ayoub Mtafya and Nuhu Mkumbukwa, who are the joint administrative receivers.
Some of the already identified Simon Group assets that could go under the hammer are five plots at Igogo Industrial Area in Mwanza. The firm’s shareholding in UDA stands at about 80 per cent.
The receiver managers warned that no one other than NexLaw Advocates would henceforth receive any payments due to Simon Group. “Anyone who receives, uses or attempts to buy, transfer or sell assets of the company or otherwise deal without the prior written approval of the receivers will be acting in contravention of the law and will be exposed to legal action,” they warned through the public notice.
Simon Group is involved in several ventures and is said to have borrowed up to Sh80 billion from commercial banks to buy a fleet of UDA buses as well as the modern BRT buses that started operations in 2016.
Trouble over the TIB Development Bank loan started in December 2015 when the Commercial Court Division ruled against Simon Group in a case it had challenged the bank over the recovery of the debt. TIB won a counterclaim and Simon Group was asked to pay a sum of Sh5.9 billion plus other accruing charges from 2011.
The bank has moved to appoint a receiver manager after default to implement the court order. It relied also on a debenture and mortgage agreement it entered with the private company should it fail to recover the loan.
But Mr Kisena yesterday linked the move against them to an apparent government crackdown on formerly privatized state corporations. He said they were ready to pay a debt of Sh4 billion, the value he believed to be correct.
In 2008, Simon Group bought Nyanza Cotton Oil Ltd at Sh3.1 billion while Sh2.8 billion of it was a loan from TIB Bank.
The debt is now estimated at Sh4 billion including the interest cost.
Following the world economic crisis the same year, the cotton sector was heavily affected and the government announced to bail out the sector.
According to Mr Kisena, their factory applied for the bailout but could not secure the credit facility from the central bank.
In 2010, the factory was grounded following the fall of Nyanza Cooperative Union.
POSTED 19/10/2016
BRT company ‘broke’ over Sh6.4 billion debt
Buses operated by Udart ply one of the bus rapid transit routes in Dar es Salaam when BRT services were launched in the city earlier this year. PHOTO | FILE
By Alawi Masare @AMasare malawi@tz.nationmedia.com
IN SUMMARY
- Simon Group of companies was thrown into a corporate crisis following the shock decision to declare it “bankrupt” with the appointment of a receiver manager to take over its assets and oversee operations.
Dar es Salaam. The company with a controlling stake in Dar es Salaam’s bus rapid transit (BRT) has been put on receivership for reportedly failing to repay over Sh6.4 billion owed to TIB Development Bank Limited, formerly Tanzania Investment Bank (TIB).
Simon Group of companies was thrown into a corporate crisis following the shock decision to declare it “bankrupt” with the appointment of a receiver manager to take over its assets and oversee operations.
Simon Group chairman and CEO Robert Kisena last night told The Citizen the company will fight back the bankruptcy order as he sought to calm worried business partners and the market.
“We are willing to pay our debt and will enter into discussions over the same with TIB,” he said in a telephone interview. He detailed reasons why the company has found itself in what could be a costly financial dispute with the public lender.
News of the move against Simon Group was revealed in a media notice yesterday announcing that NexLaw Advocates would take over the administrative functions of the company to try to recover the huge debt. The mandate allows the receiver manager to collect income and dispose of any assets of Simon Group to recover the money accruing from a 2011 loan to develop a ginnery in Mwanza Region.
Simon Group is the company that controversially bought the city’s public transport company, UDA, through which it became the main shareholder of UDART, currently operating the Bus Rapid Transit (BRT) that have revolutionalised Dar’s congested transport system.
It was not immediately clear how the decision to take over Simon Group will impact on the BRT operations but Mr Kisena was quick to assure that the dispute will not disrupt UDART business which has also recently encountered turbulence over reported losses.
Sources familiar with the dispute told The Citizen that NexLaw Advocates was currently doing due diligence on Simon Group with a view to establishing what part of its business and assets, both fixed and non-fixed, come under the order. The law firm is expected to assume all directorship of Simon Group in several companies. It will also take up shares owned by the company.
Receivership is a type of corporate bankruptcy in which a receiver is appointed by bankruptcy courts or creditors to run a defaulting company.
“By virtue of the company being under receivership, the powers of the directors in terms of dealing with the assets of the company ceased,” read the notice released by Mr Ayoub Mtafya and Nuhu Mkumbukwa, who are the joint administrative receivers.
Some of the already identified Simon Group assets that could go under the hammer are five plots at Igogo Industrial Area in Mwanza. The firm’s shareholding in UDA stands at about 80 per cent.
The receiver managers warned that no one other than NexLaw Advocates would henceforth receive any payments due to Simon Group. “Anyone who receives, uses or attempts to buy, transfer or sell assets of the company or otherwise deal without the prior written approval of the receivers will be acting in contravention of the law and will be exposed to legal action,” they warned through the public notice.
Simon Group is involved in several ventures and is said to have borrowed up to Sh80 billion from commercial banks to buy a fleet of UDA buses as well as the modern BRT buses that started operations in 2016.
Trouble over the TIB Development Bank loan started in December 2015 when the Commercial Court Division ruled against Simon Group in a case it had challenged the bank over the recovery of the debt. TIB won a counterclaim and Simon Group was asked to pay a sum of Sh5.9 billion plus other accruing charges from 2011.
The bank has moved to appoint a receiver manager after default to implement the court order. It relied also on a debenture and mortgage agreement it entered with the private company should it fail to recover the loan.
But Mr Kisena yesterday linked the move against them to an apparent government crackdown on formerly privatized state corporations. He said they were ready to pay a debt of Sh4 billion, the value he believed to be correct.
In 2008, Simon Group bought Nyanza Cotton Oil Ltd at Sh3.1 billion while Sh2.8 billion of it was a loan from TIB Bank.
The debt is now estimated at Sh4 billion including the interest cost.
Following the world economic crisis the same year, the cotton sector was heavily affected and the government announced to bail out the sector.
According to Mr Kisena, their factory applied for the bailout but could not secure the credit facility from the central bank.
In 2010, the factory was grounded following the fall of Nyanza Cooperative Union.
Emc2
JF-Expert Member
- Sep 26, 2011
- 16,808
- 16,887
- Thread starter
- #225
Mpaka sasa sijaelezwa namna gani nairobi wanasafiri. Nimeelezwa kuna matatu(three).
Kwanini wanaita matatu na wala sio manne.
Je magari hayo yana matairi matatu au?
Hebu watani wetu wa nairobi kujeni huku.
Nimetatizika.
Je ni matatu pekee usafiri wa nairobi?
Hakuna options zingine?
Kwanini wanaita matatu na wala sio manne.
Je magari hayo yana matairi matatu au?
Hebu watani wetu wa nairobi kujeni huku.
Nimetatizika.
Je ni matatu pekee usafiri wa nairobi?
Hakuna options zingine?
Kafrican
JF-Expert Member
- Jan 26, 2015
- 7,251
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Rudi page 10 niilibandika mapicha mengi Sana hapo, moja tu ndo ilikua Ni matatu, unless unajifanya zuzu ili kuendeleza hio narrative yako ill informed, inaonyesha vile umeshindwa sasa unaanza kutafuta vijisababu vidogo vidogo eti matatu manne?
Anyway, watz wengi wamekueleza through personal experience (ambayo ndo the best form of evidence) kwasababu hats ulete picha ngapi wala links ngapi zenye zimeanzikwa Na mtu binafsi, it will never beat bieng there personally, smelling the air, feeling the seat, paying the fair,...... Alafu vile hauezi ukawapinga manake walikua huku, as usual unashift unaanza kuwauliza eti walete evidence ya link! WTF! Alete evidence ghani nyengine Na yeye mwenyewe Ni living evidence..... Unafikiri Mtz (zaidi ya Mmoja) aliye experience both public transport systems for a while anaeza akaja hapa na Ku declare Nairobi iko na better public transport hivi hivi tu? Already hai Kama wa tz, they are bound to be biased towards tz, so when someone ends up conceding towards Nairobi then its not arguable, its very clear that the public transport system in Nairobi is better organised
Kafrican
JF-Expert Member
- Jan 26, 2015
- 7,251
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We nawe Si ugeuze angalau tafuta picha nyengine mbaya, umeshinda uko recycle same pics...Matatu cool entering style and flexible seating
Hio picha ya kwanza sijui Ni wapi lakini ukiangalia clearly hai abiria kwa mlango hawapigani kuingia ndani, unaona kila mtu anashangaa guy mwana dada kwani Ni jambo la kiajabu sababu Nairobi hakuma vitu Kama kupigania viti, mabasi Ni mengi mmno kupita kiasi.....
Hio picha ya pili hizo nyumba hapo kando Ni zile nyumba karibu Na stadium za harler queens rugby club, hai Ni mafans wa mpira wamekodisha gari wakaenda nalo hapo, alafu waliposhinda kila mtu akapanda gari hilo wakisherekea, picha yoyote ukiona watu wamepanda hadi juu 99.9% utakuta Ni mafans wa mpira wamekodisha kutoka mtaani, alafu mechi ikiisha wanatoka Na mafaans wengine wa mtaani waliokuja kivyao, wanabebana wote wakisheherekea pamoja Na wanarudi mtaani hivyo..... Ni jambo baya interms of safety, lakini the moment gari imekodishwa, Si public transport tena, inakua private, so wacha kuleta picha Kama hizo
Kafrican
JF-Expert Member
- Jan 26, 2015
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Wengine wanasema ni pale kitambo nauli ilikua ni centi tatu (Kama vile daladala ilipata jina lake) - centi au sumni hazitumiki tena sikuhizi..
Wengine wanasema ilitikana na vile kitambo kulikua na 3 seats per row, kwahivyo abiria walikua wana kaa watatu watatu hilo jina lilitokana na konductor kusema watatu watatu..... Halafu hio ma- iliingiliana kutokana na lugha za kibantu ambazo Mara nyengine huongezea ma- haswaa kwa nambari zinazo Anza na tatu
Odhiambo cairo
JF-Expert Member
- Jul 11, 2015
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Mi nakushauri utembelee miji hii bila ushabiki upate exposure halafu ukirudi ulete mrejesho. Lakini kama ni uzalendo tutasema tuko juu !!
rais wako
JF-Expert Member
- Jul 18, 2015
- 605
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Wewe ni mtanzania mkikuyu
MZALENDO NO.1
JF-Expert Member
- Jul 29, 2015
- 302
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Penye ukweli pasi semwe??? chakufanya hapo NI TUBADILIKE NA TUWE WAZALENDO ILI HATA WANAPOKUJA AU TUNAPO KWENDA KWA WENZETU, TWENDE KIFUA MBELE NA TUWEZE KUJIVUNIA FAHARI, UZURI ,MAENDELEO NA AMANI YA KWETU.
RAISI MAGUFULI NDIKO ANAKOTAKA TUELEKEE ILA ITATUCHUKUA MIAKA KADHAA, NA PIA INABIDI TUMUUNGE MKONO
Muria
JF-Expert Member
- Feb 17, 2016
- 285
- 187
Public road Transport in Nairobi follows a different mode of coding for routes from Dar in that route numbers are used instead of Names like in Dar. There are different zones of Eastern, Western, Southern and Northern like so:
This is for buses and Matatus. Just to be clear, these are buses
And this is a matatu
Most city residents have a choice to board one or the other. Matatus operate on the unruly side but are faster and more expensive while buses will keep you in traffic but are more organised and always cheaper with more predictable fares and little or no music. So to answer a question posed by one of the earlier commenters, a pregnant woman/old person will not board a matatu, they will take the bus.
This is for buses and Matatus. Just to be clear, these are buses
And this is a matatu
Most city residents have a choice to board one or the other. Matatus operate on the unruly side but are faster and more expensive while buses will keep you in traffic but are more organised and always cheaper with more predictable fares and little or no music. So to answer a question posed by one of the earlier commenters, a pregnant woman/old person will not board a matatu, they will take the bus.
Muria
JF-Expert Member
- Feb 17, 2016
- 285
- 187
3: Taxis.
Most taxis in Nairobi are operated by taxi companies with a number owned by individuals. Business owned taxis are branded in their business colours while individually owned cabs seem to have an unbroken yellow line on the side and operate within specific zones.
There are also airport cabs that are all yellow with specific routes within the city. What you see below is an airport taxi on the left (All yellow with a code on the hood) and regular taxis on the right (white with a yellow stripe on the side).
Most taxis in Nairobi are operated by taxi companies with a number owned by individuals. Business owned taxis are branded in their business colours while individually owned cabs seem to have an unbroken yellow line on the side and operate within specific zones.
There are also airport cabs that are all yellow with specific routes within the city. What you see below is an airport taxi on the left (All yellow with a code on the hood) and regular taxis on the right (white with a yellow stripe on the side).
Muria
JF-Expert Member
- Feb 17, 2016
- 285
- 187
4. "Tuk Tuks" (Bajaj)
These aren't as popular in Nairobi as they are in Mombasa or Dar es Salaam. I've observed that the few that are available in Nairobi are mostly used by travellers who have heavy goods to carry from downtown towards the outskirts (those from upcountry with heavy goods or traders from markets with fresh supplies.) therefore they cover only a very small portion of the city.
Nairobi's tuk tuks have terrible designs too with metal sheets all though as opposed to the Mobasa and Dar ones which are canvas covered, Im guessing because of the weather (It can get quite chilly at night).
These aren't as popular in Nairobi as they are in Mombasa or Dar es Salaam. I've observed that the few that are available in Nairobi are mostly used by travellers who have heavy goods to carry from downtown towards the outskirts (those from upcountry with heavy goods or traders from markets with fresh supplies.) therefore they cover only a very small portion of the city.
Nairobi's tuk tuks have terrible designs too with metal sheets all though as opposed to the Mobasa and Dar ones which are canvas covered, Im guessing because of the weather (It can get quite chilly at night).
Hoshea
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- Jan 24, 2012
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You piece of shit, albino are safe now days in Tz, they're much more endangered in Mozambique, we're capable of correcting errors. That is a latest report from one of the NGO from your fvcked up country. Kinyesi wewe
Hoshea
JF-Expert Member
- Jan 24, 2012
- 5,420
- 3,772
Swali zuri sana.
Faida niliyoipata kwa kukutukana wewe ni kupungua kwa haasira uliyonisababishia kutokana na kusoma uchafu wako uliokuwa unaandika.