tag:blogger.com,1999:blog-9317825.post111924415836114946..comments2023-10-30T15:29:59.720+03:00Comments on Bankelele: KCB AGMbankelelehttp://www.blogger.com/profile/01180926084939364063noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-9317825.post-1125003220974799652005-08-25T23:53:00.000+03:002005-08-25T23:53:00.000+03:00Wow,this has to be one of the finest Kenyan blogs ...Wow,<BR/><BR/>this has to be one of the finest Kenyan blogs I've come across. Awesome input by visitors and bankelele, keep it up. I've been so educated as I've perused for the past 40 minutes. I'll definitely be back....regularlyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1119914312679940272005-06-28T02:18:00.000+03:002005-06-28T02:18:00.000+03:00Privatization is a double edged sword.Here are my ...Privatization is a double edged sword.<BR/><BR/>Here are my thoughts on KCB (among other parastatals)...<BR/><BR/>The govt stake in KCB should be silent i.e. govt should have a policy of NOT voting their shares & let the "private" sector make the management decisions. This will improve the profitability of KCB which will filter to ALL Kenyans as better services, reduced corrpution, income (from dividends) & still have an asset/stake in Kenya's economy.<BR/><BR/>In 2003, govt aka kibaki & his golfing buddies tried to vote in j b wanjui but were roundly defeated by KLM & other concerned shareholders.<BR/><BR/>Keep the shareholding BUT make it non-voting! All the benefits of good "private" management & none of the interference!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1119631519724258152005-06-24T19:45:00.000+03:002005-06-24T19:45:00.000+03:00So much useful information in one blog. Anonymous ...So much useful information in one blog. Anonymous is right on the mark there. So do we dare believe that 'privatization' of KCB will be even remotely helpful in the nearer future, say 3-5 years?Mimmzhttps://www.blogger.com/profile/08990902967409420434noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1119476710414688842005-06-23T00:45:00.000+03:002005-06-23T00:45:00.000+03:00http://www.tikenya.org/documents/Kenya%20Bribery%2...http://www.tikenya.org/documents/Kenya%20Bribery%20Index%202005.pdf<BR/><BR/>KCB is listed as one top 100 most corrupt entities in Kenya! Instead of stupid boring questions like e.g. will we get a hot lunch next year?, shareholders should be asking why KCB is on that list!<BR/><BR/>I agree with the no mbaru part but he will be tuff to stop. Well, the govt wants to sell 26% to a strategic investor.<BR/><BR/>I say sell to the market & the "strategic investor" can pay market prices to acquire the stake. Look at ABSA in RSA, where Barclays has "tendered" to buy shares at market prices.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1119329627493572542005-06-21T07:53:00.000+03:002005-06-21T07:53:00.000+03:00Good anonymous comment:The new KCB directors are J...Good anonymous comment:<BR/><BR/>The new KCB directors are Joseph Kinyua (Treasury Permanent Secretary), Susan Mudhune (current Chairman) James Koome (ex-UNGA) and Joseph Adongo (ex Kenya Airways)- all due to the 65 million share government vote.<BR/><BR/>KCB is going to be a big story over the next year as the is expected to dispose of its 26% - the question is to who? Yes JMM (via nominee) is a slighly bigger shareholder than Sunil Shah, but would shareholders want him on the board, given his track record as a banker?bankelelehttps://www.blogger.com/profile/01180926084939364063noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1119313744996972002005-06-21T03:29:00.000+03:002005-06-21T03:29:00.000+03:00Actually, KCB did not do that well. The ROE was le...Actually, KCB did not do that well. The ROE was less than earlier in the year. Q1 2005 was pathetic! The higher profit is simply coz they have more (Rights Issue) cash to invest NOT coz they were more efficient.<BR/><BR/>As long as gov't has 26%, not much can happen BUT if the shareholders including Mbaru (more shares than S. Shah- all those JMM accounts), Sunil Shah, Kirubi & ICDCI decide to gang up on the govt then there can be a change in the Board!<BR/><BR/>But jimnah isn't my favorite... his history isn't very good... sure he has money well... so does pattni... jimnah & kirubi have too many fingers in too many pies...<BR/><BR/>KCB should do well but will they be able to stand up to BBK & SCBK in the corporate sector?<BR/><BR/>In the small savers category, beware Equity Bank among other voracious banks & Micro-finance banks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1119271436333212012005-06-20T15:43:00.000+03:002005-06-20T15:43:00.000+03:00I always struggled with the terms Chairman and Cha...I always struggled with the terms Chairman and Chairlady. I think Chairman is a position/title not a person, so it need not be gender driven. Just my $0.02Anonymousnoreply@blogger.com