Friday, May 01, 2020

PAYOM: The World's Oldest Continuously Inhabited City (?) And All That

If one were to time-travel in the dark to a distant parcel of the universe, and there come upon a livable space with many continents and many ancient cities not, uncannily, unlike ours -- with hints that those who had ever been there, ever passed by, were very much us -- and then have it pointed out to no one in particular the most ancient city of them all, with a name lodged in one's deep memory, that would be a day to never want to let go.

If one were to so travel in the night, what would one say upon finding the most ancient of them all? What thoughts, what thoughts, would one have, there in the impossible distance?


Defining a city: See Joshua J. Mark (2014) "The Ancient City" Ancient City Encyclopedia.


Place-names are tell-tales. They are hints, if not signs. Signs of a past life which we can decode only archaeologically -- and perhaps genealogically, so to speak -- if there's been too much passage of time (if time has had too much passage, that is, because we arrive on the scene too late or too lackluster or quite lackadaisically). We remember too little day-to-day, as it is.


Place-names are signatures, afterglows, of those who have lived -- and who lived -- there, when/where that place got its name. Or perhaps thereafter, in which case they lacked the mandate, the power -- or merely a good reason -- to change it. The vernacular of the history of places is thus that (is a slant symptomatic of the hard-driving hand) of those who do or who control the writing. There are places we cannot go back to, but which are us -- in the spirit(ual) sphere.


That ancient place, Payom -- which is nowadays known as Faiyoum or Fayoum -- is one such place. It was come upon as the long-winded Nile reached near the end of its journey and approached its own mouth. Indeed, all are agreed that Payom was and is the Nile's own creation (following an epic rainfall season in the Great Lakes region and Ethiopia far, far upstream; and that it is the dwellers who first settled there so long ago that gave it its lasting name, in their own language. 

Ancient Egyptians, to whom their god Thoth (sometimes called Atum) had gifted the art of writing, heard the Nilotic word Payom and faithfully inscribed it in their hieroglyphic record as pꜣym.  Incidentally, linguistic experts have affirmed that ancient Egyptians did not use any vowels (that is, a, e, i, o or u) in their written texts. In at least some Nilotic languages, the word thoth means plentiful (or a plenitude). On the other hand, the roots of the word Atum are tim, timo or (among Kenya's jo-Ugenya even now) tum -- all of which reference the English word do, or the act of "doing".  As a name, therefore, Atum is an epithet, an endearing a meme, attached to one who has proven in practical ways to be a doer of no mean achievement.

Read: From Payom to Faiyoum

In a Nilotic language I know and well-enough speak, pa is, in some places now (but not in all) an archaic word for "place" or "place of". Yom has resisted all spatial and temporal pressures to turn archaic, and remains a word for soft, as in a baby's face, or soft earth. Payom means soft earth or marshland, or a swampy place. Sometimes Pa means place of, as in Pakwach (place of leopards, or leopard's lair); or "people of", as in Padhola.  There is indeed another place called Payom nowadays, much farther south in South Sudan: See Map

For lexical reasons, it seems obvious, Pa has often flipped and become Pu, as in Pubungu (place of trees and/or thick undergrowth). In such a place, predators may lurk; and from it they may attack the unwary both slyly and at will. Adults teach the children to move with extreme caution thereabouts. In northern Uganda, far more so than in Kenya's and Tanzania's lake-regions, all these Pa and Pu prefixes (so to speak) continue to be components of living and robust Nilotic languages.

READ: Fayum Towns and their Papyri


READ: Faiyum Artifacts

READ:  Kom El Hammam

#Payom #PayomCity


REFERENCES
--Clark, J. Desmond, Ed. (2014) The Cambridge History of Africa. Volume 1: From the Earliest Times to c. 500 BC. Cambridge: Cambridge University Press.
--Egypt's Mysterious Book of the Fayum
--Mark, Joshua J. (2014) "The Ancient City" Ancient City Encyclopedia.
--Wilkinson, Toby (    )  The Nile: Down River Through Egypt's Past and Present. Amazon.com (Find by googling Payom)


Far Oasis ~ Haiku

A caravan's break.
Pepi's hail and rain water.
Far land's talking drums.

Thursday, April 30, 2020

Unashig Kenya PLC: Portfolio of Shares Held at the NSE (Nairobi Securities Exchange)

UPDATED: July 31, 2020

Unashig Kenya PLC is a public limited company. It was registered in Kenya in November 2018 under the  Companies Act. It is wholly-owned by such present and past academic staff of the University of Nairobi who resolved in 2017 to be both its Full Members and Shareholders, and to use it in the first instance as a vehicle for securing self-funded Group Health Insurance. Non-academic staff of the University as well as other investors within the country and elsewhere are free to join as Associate Members, and some have indeed joined. The Management of the University of Nairobi has no say in it. The Unashig Office is located in downtown Nairobi.


Each Full Member is entitled, and required, to own one and only one Class A (i.e. CA) share, which is also a voting share. All Members, whether Full or Associate, are required to own at least two CB shares, but can own as many of such shares as are consistent with their own investment goals and horizons. Each share (CA or CB) gives its owner an equal share of such dividends or other sorts of distribution (bonus shares, share splits and the like) as may be  approved at an AGM or SGM.

It has been Unashig Board's policy from the start to invest in selected stocks traded on the NSE the preponderant percentage of cash collected from purchases of Unashig shares by Members. 
The idea behind converting into NSE-quoted shares most of the funds generated from purchases of Unashig shares was to prevent such share purchases from being merely or significantly a source of funds for the company's day-to-day operations guided by the Board or the Management. This measure not only ensures the rapid growth of 'tangible' assets for the company and its shareholders, but is also a crucial to confidence-building among Unashig Members. 

While the market value of such conversions continues to grow, the amount of investment capital so far generated remains far below our collective ambitions and potential.  And yet there are already gains we can share and talk about. We give you at the link below the list of shares per counter currently held by Unashig on behalf on its shareholders:

READ: Unashig's Portfolio of Quoted Shares at End of July 2020 

In 2019, the net dividends earned by the company amounted to over KES 80,000/- (based on our more recent calculations), over and above the robust capital gains realized at year's end. While year 2020 may be more challenging, in view of Covid-19 and the related investor 'flight' witnessed by all of us, there are opportunities to be legitimately grabbed by savvy and patient investors precisely because of that -- as share prices dip and become, indeed, "low-hanging fruits". 

You may also have noticed, more specifically, that Safaricom has very recently declared a first-and-final dividend of KES 1.40 per share. We already own just over 25,000 shares (some bought as recently as July 30th) in that iconic company -- as the CDSC Statement to be issued at the end of this August will show! We should collectively own at least 100,001 shares in Safaricom, in the near future. Both NCBA and NMG have declared a bonus of 1 for every 10 shares held.  Several companies in which Unashig hold shares have also made dividend announcements. One stand-put here is WPP Scangroup's special dividend of KES 8.00 per share, which will be paid of August 27, 2020. Later this year, Williamson Tea PLC will send us a cheque of over KES 20,000/- based on a KES 20/- per share dividend.

In the context of all this, it is the Board's hope that Members will see the value of procuring more CB shares for the collective good. Let's have a conversation. We need to grow Unashig!