tag:blogger.com,1999:blog-9317825.post3827595843858144865..comments2023-10-30T15:29:59.720+03:00Comments on Bankelele: New Bank, New Stockbroker (II)bankelelehttp://www.blogger.com/profile/01180926084939364063noreply@blogger.comBlogger25125tag:blogger.com,1999:blog-9317825.post-1364741326722248482007-08-27T19:53:00.000+03:002007-08-27T19:53:00.000+03:00@MEI guess the prospect of being allocate a measly...@ME<BR/>I guess the prospect of being allocate a measly say 100 shares worth around kes 1000 at this IPO is more tempting than hold out for that extra 5%Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-23550392405371253072007-08-24T22:48:00.000+03:002007-08-24T22:48:00.000+03:00http://eastandard.net/hm_news/news_s.php?articleid...http://eastandard.net/hm_news/news_s.php?articleid=1143973445Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-84390810623336766502007-08-23T07:25:00.000+03:002007-08-23T07:25:00.000+03:00Keep the white if you want. It's your blog, do wha...Keep the white if you want. It's your blog, do what you want to it.<BR/><BR/>Thank God I use Firefox: will be installing Greasemonkey to force it back to black.<BR/><BR/>Cheers!E-Nycehttps://www.blogger.com/profile/11702951992655517234noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-52960372698077094152007-08-22T18:33:00.000+03:002007-08-22T18:33:00.000+03:00pesa tu: are small banks really a problem? I'd be ...pesa tu: are small banks really a problem? I'd be more worried about a big bank going awry<BR/><BR/>kamjeshi: I din't hear that, but is it feasible? I mean all the bank's have a merry go round of top staff, so why not stockbrokers? It's a free job world and where ther's money, the best will go<BR/><BR/>Anon: let's see how the white is received in a month? it seems to be about 50/50 and change is good like Omo?<BR/><BR/>MpendaPesa: Thanks - I hope I can get it to look like an MS doc page eventually<BR/><BR/>Otero: I think donors are the ones pressing for bank reductionsbankelelehttps://www.blogger.com/profile/01180926084939364063noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-3378239343851510482007-08-22T14:57:00.000+03:002007-08-22T14:57:00.000+03:00problem with african countries is that they make i...problem with african countries is that they make it too difficult for businesses to build up capital - Which inturn helps them expand n grow. <BR/><BR/>Raising banks capital base is ok. But doing it 'drastically'...i think not. African govts like to drop shells on businesses. Raising cost of doing business is detrimental to economy.Highest taxes are in Africa. Talk abt all those licences, regulations...etc sheer impediments. <BR/><BR/>Hoestly, how are we to grow and create employment and flourish on the backdrop of such an environment? Dont raise cash in your valuts at CBK to show to donors you've got liquidity.<BR/><BR/>OteroAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-89877970457024675472007-08-22T13:42:00.000+03:002007-08-22T13:42:00.000+03:00Banks,In the long run all these complainers will g...Banks,<BR/><BR/>In the long run all these complainers will get used to the design/color change. Whether you change the color to yellow or blue we will still come to read your soon to be 'award winning' blog. Because your content is unbeatable. So give them time, let them make all the noise.<BR/><BR/>In fact I like the white background - at least I am able to read the blog from my office without being worried that my boss will censure me for visiting suspicious websites... most of those are in black backgrounds.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-18415367423272592782007-08-22T11:24:00.000+03:002007-08-22T11:24:00.000+03:00bankelele, 'i believe in content not design' what...bankelele,<BR/> 'i believe in content not design'<BR/> what you have is a brand (aka market-based-asset),and brands have both visual and performance (content) aspects. thats why any serious banker wears a suit+tie daily,not a t-shirt+beachshorts.so please head back to black,or at least conduct a survey before you decide.<BR/><BR/> @Pesatu<BR/> 'go the nigerian way'<BR/> can you imagine the chaos that would result when political opponents are forced to merge their businesses? leave them small,at least for now.<BR/><BR/>just what?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-74701199200722807682007-08-22T11:20:00.000+03:002007-08-22T11:20:00.000+03:00what with the requirement that Renaissance should ...what with the requirement that Renaissance should not poach staff from the other brokerage firms? I think that is absolute BS!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-27198642812237738212007-08-21T19:15:00.000+03:002007-08-21T19:15:00.000+03:00We should just go the Nigerian route, instead of s...We should just go the Nigerian route, instead of small incremental measures we just raise Paid up share capital of banks drastically, 'small' amounts like Sh 1 Billion wont encourage consolidation.<BR/>We should make minimum paid up Capital Ksh 5-10billion in Two years that will have the desired effect.pesa tuhttps://www.blogger.com/profile/13489188603541487272noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-90749173956817055062007-08-21T10:06:00.000+03:002007-08-21T10:06:00.000+03:00Coldtusker: too bright? The population is still ‘u...Coldtusker: too bright? The population is still ‘unbanked’ (rural Kenya) - and KWFT has an extensive rural reach and serves women how are majority of the unbanked.<BR/><BR/>MainaT: I’m sure they will do ok as a bank. Stock broking is mega, but not all brokers are equal – there are a few bid ones, and many marginal ones<BR/><BR/>E-Nyce: to bright? Citibank is maybe #5 in assets. I don’t understand the criteria of that survey<BR/> <BR/>Anon: tinkering with the colour<BR/><BR/>Fedha: I know, the NSE will be crazy to turn down that money<BR/><BR/>Mwenda: You were right about Renaissance ‘winning’ it<BR/><BR/>Alexcia: Not many will boycott the Safaricom IPO over corruption. I may boycott it though because it will be messily oversubscribed and brining minimal returns & allocation– and instead buy it once listed (same as Kenya re)<BR/><BR/>E-Nyce: tinkering with the colour, may go back to black<BR/> <BR/>Anon: I like your theory (and supported by the decision) that Old Mutual is too lucrative for brokers to give up their commissions (which would happen if they were their own stockbroker). The NSE may not be able to spell <B>conflict of interest</B>, but they understand loss of income<BR/><BR/>Ka-investor: black is still an option, but I’m a believe in content, not design<BR/><BR/>ME: It’s something that addresses the needs & challenges of women as bank customers, especially as borrowers (in a culture where collateral is held by men)<BR/>- Kenya Youth Business Trusts is still around, but not a bank<BR/><BR/>Mmnjug: As long as banks are profitable and sound, there’s’ not much that CBK can do<BR/><BR/>Anonymous: Does any woman want to be refereed to as a ‘Woman MP’/ I think not – they want to be MP for (____ constituency) on their own meritbankelelehttps://www.blogger.com/profile/01180926084939364063noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-50927009565518395412007-08-21T02:58:00.000+03:002007-08-21T02:58:00.000+03:00keep the white. anyway much has been made about th...keep the white. anyway much has been made about the 50 seats for women that was rejected in parliament. Outside of parliament there is moregender parity in kenya than in most african countries and even countries that have 50% female representation in parliamnent (rwanda)<BR/>http://www.sidint.org/files/report/SoEAR_2006.pdfAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-17117344717423163782007-08-20T21:42:00.000+03:002007-08-20T21:42:00.000+03:00MainaT....You said "There seems to be a bank for e...MainaT....You said "There seems to be a bank for everybody apart from us youth"<BR/><BR/>I totally agree.<BR/><BR/>I once worked on a World Bank Pilot Project that researched on the needs of the youth and their access to financing.<BR/><BR/>In the same year (2003/2004),Kenya Youth Business Trust was formed to cater for the youth between the ages of 18 to 30 years.<BR/><BR/>Not too sure how they are currently doing but its Board members had the likes of...<BR/><BR/>Adan Mohammed (MD, Barclays Bank)<BR/>George Thuo (CEO, Kenya Business, Jonathon Globe Academy)<BR/>Graham Shaw (MD, 911)<BR/>Andrew Bulloch (CEO, GSK)<BR/>Wanjiku Mugane (Founder/MD, First Africa Capital)<BR/>Katrina Wood (CEO/Owner, Mediaxchange)<BR/><BR/><BR/>Bankelele....Pris Pris go back to the Black backdrop. <BR/>As s'one said, Black was your identity.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-54363068833479473782007-08-20T21:21:00.000+03:002007-08-20T21:21:00.000+03:00Alexcia said...."Banks,What do u think would happe...Alexcia said...."Banks,What do u think would happen if we asked those kenyans abroad paying lip service to endemic corruption in Kenya to boycott the safcom IPO?"<BR/><BR/>Jayzuz!!!!!!<BR/><BR/>Chic/Dude...are you for real ???Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-85058862642029926992007-08-20T19:55:00.000+03:002007-08-20T19:55:00.000+03:00information is power; i am clearly powerless as i ...information is power; i am clearly powerless as i have no access to inside information. can you imagine how powerful a force i would be if i had access to all the insider information people have, given that i have money that others with info do not have to act on the info and maximize the money they make?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-79337081526250942042007-08-20T18:40:00.000+03:002007-08-20T18:40:00.000+03:00Like CT, i think that the banks are supposed to re...Like CT, i think that the banks are supposed to reduce with the CBK rules?<BR/><BR/>And i also thought that Rennaisance was after Francis Thuo.....?<BR/><BR/>I missed the Kenya Re IPO by minutes since funds hadnt reflected in my account to proceed with the purchase. Good or bad, am yet to see.<BR/><BR/><A HREF="blog url here.com" REL="nofollow">click to http://assidous.blogspot.com</A>mmnjughttps://www.blogger.com/profile/04839161381620353617noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-61140423498938551822007-08-20T13:16:00.000+03:002007-08-20T13:16:00.000+03:00I like the idea of Kenya Women's Finance Trust.The...I like the idea of Kenya Women's Finance Trust.<BR/><BR/>The Grameen Bank which won a Nobel Peace Prize in 2006 had its humble beginnings with a call to lend money to women.<BR/><BR/>It reversed conventional banking practice by removing the need for collateral and created a banking system based on mutual trust, accountability, participation and creativity.<BR/><BR/>As of May, 2007, it has 7.21 million borrowers, 97 percent of whom are women.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-38394698516997191012007-08-20T09:21:00.000+03:002007-08-20T09:21:00.000+03:00- black was your identity.- i thought Renaissance ...- black was your identity.<BR/>- i thought Renaissance was supposed to buy Francis Thuo? may be they changed their strategy but Old mutual is not giving them an easy time in their bid.<BR/>- lucky i never bought kenya Re.kainvestorhttps://www.blogger.com/profile/18134557216145222316noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-70435101569263660802007-08-20T07:47:00.000+03:002007-08-20T07:47:00.000+03:00Contrarian>That tender was fishy and suspect...the...Contrarian><BR/>That tender was fishy and suspect...there was a disclaimer made by the NSE that "the highest bidder does not automatically qualify to get the seat" also that the NSE's BOD's decision if final and that it cannot be appealed against.<BR/><BR/>I believe that it is not in the brokers interest to have Old Mutual given the seat because they are one of the biggest players in this market (read stockbroker's client=comissions) so having then do their own trades who be akin to shooting themselves in the foot.<BR/>My bet is that NIC or Rencap will get the seat.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-33327156012293955872007-08-19T20:07:00.000+03:002007-08-19T20:07:00.000+03:00BanksWhats do think would happen if we asked those...Banks<BR/><BR/>Whats do think would happen if we asked those kenyans abroad paying lip service to endemic corruption in Kenya to boycott the safcom IPO?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-90711534549941113852007-08-19T10:19:00.000+03:002007-08-19T10:19:00.000+03:00Bankelele,The results of the NSE seat tender are n...Bankelele,<BR/><BR/>The results of the NSE seat tender are not (officially) out by I can confirm to you that Renaissance Investment Bank have won it.<BR/><BR/>Great blog Bankelele!<BR/>Mwenda.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-41044706497062689702007-08-19T01:41:00.000+03:002007-08-19T01:41:00.000+03:00Mind boggling the decision by Old Mutual to pay $6...Mind boggling the decision by Old Mutual to pay $6.5 million for a seat at the NSE!! <BR/><BR/>The last time a seat on the big board (NYSE) changed hands was in Feb of 2004 when one sold for $1.5 million...the NYSE is a 212 year old exchange, has thousands of listed securities and turnover in excess of hundreds of billions of $! Mutual have grossly overpaid and set a dangerous precedent!Fedhahttps://www.blogger.com/profile/06779695799769858397noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-31954080266346633462007-08-18T23:36:00.000+03:002007-08-18T23:36:00.000+03:00white is good the black bkground was blinding esp ...white is good the black bkground was blinding esp when u use a comp the whole day.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-80768307912789505922007-08-18T22:40:00.000+03:002007-08-18T22:40:00.000+03:00My eyes! Man, I thought I had linked to the wrong ...My eyes! Man, I thought I had linked to the wrong site. Banks, can you say "off-white" or "pale yellow"?<BR/><BR/>CORRECTION: <I>A survey ranks Citibank as the top Kenyan bank <B>with a balance sheet of more than Sh20 billion</B></I>...<BR/><BR/>Kind of easy to win that spot when you're one of the largest banks in the world.<BR/>It's a harder tag to gain when you're not even a Kenyan bank...E-Nycehttps://www.blogger.com/profile/11702951992655517234noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-33953842082987724722007-08-18T21:53:00.000+03:002007-08-18T21:53:00.000+03:00CT, good point. Do they have the Ksh1bn they'll ne...CT, good point. Do they have the Ksh1bn they'll need to operate in 2010 and beyond or will they have to merge? There seems to be a bank for everybody apart from us youth. Mmmh.<BR/>The stockbroking business has become mega. Just the other day some of us were thinking we could put together the Ksh25mn needed. Now its 1/2bn. Talk about a bubble...MainaThttps://www.blogger.com/profile/12266497232119983697noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-44577346478667349342007-08-18T19:29:00.000+03:002007-08-18T19:29:00.000+03:00I am also investing in a new pair of shades!I thou...I am also investing in a new pair of shades!<BR/><BR/>I thought the CBK trying to REDUCE the number of banks!<BR/><BR/>New applicants should be given free licenses as long as they meet the requirements.<BR/><BR/>Most brokers got licenses since they were politically connected e.g. Town & Country (mudavadi), etc...<BR/><BR/>Why should they have a payday unless they build a business instead of merely warming a seat?coldtuskerhttps://www.blogger.com/profile/11310224592572460759noreply@blogger.com