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NIC Bank appoints new Group MD
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Sufficiently Philanga....thropic
#1 Posted : Thursday, July 25, 2013 3:05:38 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
Mr.John Gachora it is WEF 16th September 2013.
He joins the bank from Barclays Africa and was also CEO of Absa Africa.
This guy has an impressive CV,what with a Masters in Eng from MIT and an MBA from Wharton School,University of Pennsylvania.

Cant get a link thoughSad
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Sufficiently Philanga....thropic
#2 Posted : Thursday, July 25, 2013 3:12:42 PM
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Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
No wonder the turnover today was above average. The demand was strong as well.
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hisah
#3 Posted : Thursday, July 25, 2013 3:23:31 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
And his thoughts some time back

Quote:
What do you see as the biggest threats to Africa’s banking sector?

Top on the list is mobile money transfer, which is challenging traditional banking. Banks are under pressure to take advantage of the growing use of mobile phones and telecoms firms are rolling out products similar to M-pesa.

For African banks, the biggest threat is the entry of big deep-pocketed global lenders into the continent’s banking arena. Such global lenders have more cash to fund expansion and follow clientele across the region.


Mpesa has happened and now global banks are coming in...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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kizee1
#4 Posted : Thursday, July 25, 2013 3:24:25 PM
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Joined: 9/29/2010
Posts: 679
Location: nairobi
excellent choice, kcb's loss is NICs gain
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poundfoolish
#5 Posted : Thursday, July 25, 2013 3:24:30 PM
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Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
Quite an Impressive CV i must add..

so.. should those stocks be 'to watch out for'?
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mukiha
#6 Posted : Thursday, July 25, 2013 3:55:43 PM
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Joined: 6/27/2008
Posts: 4,114
can a shark swim in a domestic fishtank? Let's wait and see
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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muganda
#7 Posted : Thursday, July 25, 2013 4:39:36 PM
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Joined: 9/15/2006
Posts: 3,905
Maybe the need to come home...

Mr. John Gachora served as the Chief Executive of Absa Africa at Absa Group Ltd. and Absa Bank Limited since November 16, 2010. Mr. Gachora joined Absa Capital in January 2009. He has been a Non-Executive Director at National Bank of Commerce (1997) Limited since August 19, 2010. Mr. Gachora holds a Masters of Business Administration from Wharton Business School as well as a Masters of Engineering in Electrical Engineering and Computer Science from the Massachusetts Institute of Technology (MIT).
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Sufficiently Philanga....thropic
#8 Posted : Thursday, July 25, 2013 6:17:12 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
And this is him in October 2010 selling his skills and also what ails Africa,particularly East African banks according to him.

http://www.theeastafrica.../2/-/xgevbh/-/index.html
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murchr
#9 Posted : Thursday, July 25, 2013 7:15:14 PM
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Joined: 2/26/2012
Posts: 15,980
mukiha wrote:
can a shark swim in a domestic fishtank? Let's wait and see


What makes him a shark?

kizee1 wrote:
excellent choice, kcb's loss is NICs gain


How now?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Sufficiently Philanga....thropic
#10 Posted : Thursday, July 25, 2013 7:24:16 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
Finally herebelow the story captured on mainstream mediasmile

www.businessdailyafrica....0/-/115iffe/-/index.html
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mwekez@ji
#11 Posted : Thursday, July 25, 2013 8:39:26 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Homecoming Revolution AFRICA - It's Time to Come Home

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mwekez@ji
#12 Posted : Thursday, July 25, 2013 8:41:12 PM
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Joined: 5/31/2011
Posts: 5,121
^ Homecoming Revolution AFRICA - It's Time to Come Home cc@hisah ;-)
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mwekez@ji
#13 Posted : Thursday, July 25, 2013 8:47:18 PM
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Joined: 5/31/2011
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mukiha wrote:
can a shark swim in a domestic fishtank? Let's wait and see


... will make the "fishtank" an "ocean"!!! Cheers Gachora¡¡¡
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mwekez@ji
#14 Posted : Thursday, July 25, 2013 8:49:03 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
murchr wrote:

kizee1 wrote:
excellent choice, kcb's loss is NICs gain


How now?
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Mastermind
#15 Posted : Thursday, July 25, 2013 8:57:30 PM
Rank: Veteran


Joined: 1/25/2012
Posts: 1,624
Location: Langley
mwekez@ji wrote:
Homecoming Revolution AFRICA - It's Time to Come Home


Large % will join the party when its almost over.
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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VituVingiSana
#16 Posted : Thursday, July 25, 2013 11:28:31 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,126
Location: Nairobi
kizee1 wrote:
excellent choice, kcb's loss is NICs gain
What does KCB have to lose?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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