Has Equity Bank suffered a systems failure, for a whole week? Customers ni wengi sana ama? And JM usually brags that the system can absorb way more than the current 7m. People seething online, expectedly.

Those H1 numbers better be good

1Q 2013 was poor (well, below 1Q 2012) but 2Q is expected to be better.

Mauritius made a Rs 100mn [KES 250mn] loss on derivatives/contracts. The EO [Sarit Shah] said these were Mark-To-Market. He did not explicitly say so but there may be some [not all] reversals. That said, the loss is a loss.

Kenya: Slow. Slow. Slow. The bank had reduced lending [the deposits grew] in 1Q as customers reduced spending/investing/borrowing/trading. The EO said the pipeline going into 2Q was good & loans have picked up. I expect 3Q [not 2Q] to see more lending.

Rwanda: They seem pleased.

Tanzania: A poor 2012. Not sure of the (detailed) reasons. No idea how 1Q 2013 was seeing they do not break out the reasons.

The next time to ask these questions is during the EGM coz no AGM this year for I&M Holdings shareholders. I expect an EGM for the following reasons
1) To get the shareholders to 1,000 the firm of Biashara Securities will be dissolved and shares distributed.
2) To change the year from July to December. This may not be necessary but it makes sense.

All that said, I don't mind it dropping to 80-ish coz it is a good buy.

I hear salary sent to Memba on 27th last month wasn't accessible as at yesterday. I&M gives interim dividend for "year ending July 2013". I now get why it's not final for the year!