Safaricom chief wants IPO held next year

Safaricom Limited wants the Government to postpone the sale of its stake at the mobile company until the General Election is concluded.

The mobile firm says that the initial public offer (IPO) was being affected by the political shenanigans between the Government and ODM, a political party led by former Cabinet minister Mr Raila Odinga.

Speaking for the first time about the political heat that the firm’s IPO has raised, the Chief Executive Officer, Mr Michael Joseph, said the deal should be postponed "to avoid the company being used as a political game-ball by politicians".

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Wine

Wine is an alcoholic beverage made from the fermentation of unmodified grape juice. The natural chemical balance of grapes is such that they ferment without the addition of sugars, acids, enzymes or other nutrients. Although other fruits like apples and berries can also be fermented, the resultant "wines" are normally named after the fruit from which they are produced (for example, apple wine or elderberry wine) and are generically known as fruit or country wine. Others, such as barley wine and rice wine (e.g. sake), are made from starch-based materials and resemble beer more than wine, while ginger wine is fortified with brandy. In these cases, the use of the term "wine" is a reference to the higher alcohol content, rather than production process. The commercial use of the English word "wine" (and its equivalent in other languages) is protected by law in many jurisdictions. Wine is produced by fermenting crushed grapes using various types of yeast which consume the sugars found in the grapes and convert them into alcohol. Various varieties of grapes and strains of yeasts are used depending on the types of wine produced.

If you are seeing doubles on this photo,
sober up before driving.