Auditor: ICT authority is technically insolvent

Yup.

Those too Muraya. Let us elevate our consciousness by asking the hard and
right questions.

Regards

*Ali Hussein*

*Principal*

*AHK & Associates*

Tel: +254 713 601113

Twitter: @AliHKassim

Skype: abu-jomo

LinkedIn: ke.linkedin.com/in/alihkassim
<ke.linkedin.com/in/alihkassim>

13th Floor , Delta Towers, Oracle Wing,

Chiromo Road, Westlands,

Nairobi, Kenya.

Any information of a personal nature expressed in this email are purely
mine and do not necessarily reflect the official positions of the
organizations that I work with.

On Mon, Oct 22, 2018 at 2:19 PM S.M. Muraya via kictanet <
kictanet@lists.kictanet.or.ke> wrote:

> Ali
>
> About priorities (not accounting semantics:)
>
> (i) Is the audit report available yet @ www.parliament.go.ke or at
> www.oagkenya.go.ke?
> (ii) Was the Digital Literacy program device (procurement/loot) driven or
> data driven?
> (iii) Is the Kenya ICT Authority provoking all levels, arms and
> departments of govt to provide (access to) information?
>
> About semantics (not priorities to make Information available to the
> public 🙂
>
>
> www.businessdailyafrica.com/news/Sh4-4bn-loss-leaves-KWS-technically-insolvent/539546-4142544-fso1g3z/index.html
>
> Wikipedia notes.. en.wikipedia.org/wiki/Insolvency
>
> It has been suggested that the speaker or writer should either say
> technical insolvency or actual insolvency in order to always be clear –
> where technical insolvency is a synonym for balance sheet insolvency, which
> means that its liabilities are greater than its assets, and actual
> insolvency is a synonym for the first definition of insolvency (“Insolvency
> is the inability of a debtor to pay their debt.”).
>
> Has go.ke been paying it’s LOCAL suppliers on time?
>
> On Mon, Oct 22, 2018 at 10:44 AM Admin CampusCiti <info@campusciti.com>
> wrote:
>
>> I’m curious to understand this insolvency conclusion.
>>
>> Just picked up this explanation of insolvency from Wikipedia.
>>
>> *Insolvency* is the state of being unable to pay the money owed, by a
>> person or company, on time; those in a state of insolvency are said to be
>> insolvent. There are two forms: cash-flow insolvency and balance-sheet
>> insolvency.
>>
>> *Cash-flow insolvency* is when a person or company has enough assets to
>> pay what is owed, but does not have the appropriate form of payment. For
>> example, a person may own a large house and a valuable car, but not have
>> enough liquid assets to pay a debt when it falls due. Cash-flow insolvency
>> can usually be resolved by negotiation. For example, the bill collector may
>> wait until the car is sold and the debtor agrees to pay a penalty.
>>
>> *Balance-sheet insolvency* is when a person or company does not have
>> enough assets to pay all of their debts. The person or company might
>> enter bankruptcy, but not necessarily. Once a loss is accepted by all
>> parties, negotiation is often able to resolve the situation without
>> bankruptcy.
>>
>> A company that is balance-sheet insolvent may still have enough cash to
>> pay its next bill on time. However, most laws will not let the company pay
>> that bill unless it will directly help all their creditors. For example, an
>> insolvent farmer may be allowed to hire people to help harvest the crop,
>> because not harvesting and selling the crop would be even worse for his
>> creditors.
>>
>> I suggest that we don’t consume news that is shallow and half baked. This
>> is a critical government agency and sensationalism does no one any favors.
>> The editors have a fiduciary responsibility to expound and give us an
>> in-depth expose of what the auditor’s report actually says and an
>> interpretation of what it means.
>> My two cents.
>>
>> *Ali Hussein*
>>
>> +254 0713 601113
>>
>> Twitter: @AliHKassim
>>
>> Skype: abu-jomo
>>
>> LinkedIn: ke.linkedin.com/in/alihkassim
>> <ke.linkedin.com/in/alihkassim>
>>
>> Blog: www.alyhussein.com
>>
>> “Discovery consists in seeing what everyone else has seen and thinking
>> what no one else has thought”. ~ Albert Szent-Györgyi
>>
>> Sent from my iPad
>>
>> On 22 Oct 2018, at 8:07 AM, S.M. Muraya via kictanet <
>> kictanet@lists.kictanet.or.ke> wrote:
>>
>> Priorities, priorities, priorities..
>>
>> Auditor: ICT authority is technically insolvent
>>
>>
>> www.nation.co.ke/news/Auditor–ICT-authority-is-technically-insolvent/1056-4816222-1ob4pwz/index.html
>>
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>> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform
>> for people and institutions interested and involved in ICT policy and
>> regulation. The network aims to act as a catalyst for reform in the ICT
>> sector in support of the national aim of ICT enabled growth and development.
>>
>> KICTANetiquette : Adhere to the same standards of acceptable behaviors
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>>
>>
>
> —
> SMM
>
> *”Better a patient person than a warrior, one with self-control than one
> who takes a city.” Prov 16:32*
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> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform
> for people and institutions interested and involved in ICT policy and
> regulation. The network aims to act as a catalyst for reform in the ICT
> sector in support of the national aim of ICT enabled growth and development.
>
> KICTANetiquette : Adhere to the same standards of acceptable behaviors
> online that you follow in real life: respect people’s times and bandwidth,
> share knowledge, don’t flame or abuse or personalize, respect privacy, do
> not spam, do not market your wares or qualifications.
>

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