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Royal Bank Zimbabwe strikes USD20M deal with Kenyan investor

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Cde Monomotapa		#1 Posted : Sunday, March 11, 2012 10:23:02 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		Royal Bank of Zimbabwe Limited (Royal) has struck a $20 million deal with a Kenyan institution, businessdaily has learnt. With the Kenyan institution headquartered in Mauritius, businessdaily also understands that the tie-up may result in the foreign investors getting a 45 percent stake in Royal Bank. Mzwimbi said the east African bank was big in the small-to-medium enterprise market (SMEs) — a model they would want to grow and replicate in Zimbabwe. “They are a huge player in the SMEs market and with Royal Bank’s 14 branches, we are better placed to expand that service,” he said. More... http://www.dailynews.co....gs-kenyan-investor.html ................ Hey folks. Can you help crack the identity of this Kenyan investor?? Cheers.
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kollabo		#2 Posted : Monday, March 12, 2012 10:51:05 AM
Rank: Veteran Joined: 2/3/2012 Posts: 1,317		Hmmm...hard to crack. But maybe Fina Bank
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VituVingiSana		#3 Posted : Monday, March 12, 2012 11:37:50 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi		It could be a financial institution... Britak's parent is based in Mauritius... Transcentury has a holding company or something like that in Mauritius... I&M Bank has a subsidiary in Mauritius too... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Cde Monomotapa		#4 Posted : Monday, March 12, 2012 11:48:13 AM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		Cheers @Kollabo..indeed Fina bank comes to mind then I thought CBA too but they failed the Maur link. Following @VVS's line it brings out the Maur & KE linkage well but only I&M fits the bill perfect. Interesting...
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mukiha		#5 Posted : Monday, March 12, 2012 12:17:27 PM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		Cde Monomotapa wrote: Cheers @Kollabo..indeed Fina bank comes to mind then I thought CBA too but they failed the Maur link. Following @VVS's line it brings out the Maur & KE linkage well but only I&M fits the bill perfect. Interesting... The story says that the company has HQs in Mauritius. I&M HQs are in Kenya but they have a sub in Maur. Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Cde Monomotapa		#6 Posted : Monday, March 12, 2012 12:27:12 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		Cheers @Mukiha mmm...what about the holding co.being domiciled in Maur (for tax purposes) and n' the Subsidiary regd. in KE.
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selah		#7 Posted : Monday, March 12, 2012 1:35:41 PM
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya		I think the bank Is I&M looking in wikipedia they have a subsidiary in Mauritius, Bank One Limited (50% shareholding. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Cde Monomotapa		#8 Posted : Monday, March 12, 2012 2:00:09 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		Thanks @Selah. I firmly place the bet on I&M now. Let's see.
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VituVingiSana		#9 Posted : Monday, March 12, 2012 2:28:59 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi		Well check this out re: I&M Bank & BC Rwanda http://allafrica.com/stories/201111141180.html Banking industry insiders who spoke to The EastAfrican say Kenya's I&M bank could be interested in buying a majority shareholding in BCR as it seeks to expand operations in the region. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Cde Monomotapa		#10 Posted : Tuesday, March 27, 2012 10:17:27 AM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		FOLKS...THE IDENTITY OF THE KENYAN INVESTOR HAS SINCE BEEN UN-VEILED: KENYA-based financial services group Commercial Bank of Africa is set to acquire a 49% stake in Royal Bank Zimbabwe. http://bulawayo24.com/in...to+Royal+bank+stake.html
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