Obiero uko nyuma sana!!! Saaaaaanna! Equity has hired mckeinsy to direct on entry into DRC, Ethiopia and Nigeria. Congo is a confirmed go in 2015..

Dude you are wrong. Never a cashier at any bank and old enough in the 90's not to swallow the Equity narrative - because that is what it is - a well packaged narrative. Equity did not invent/revolutionalise banking for the masses. They took advantage of a gap in the big banks and rode on that to this day, ironically they are now more expensive in some areas than those big banks it arose to fight. Yes there were other banks for Mwananchi like Family, Postbank and Co-op but the narrative gripped kenyans like a spell. That is how Kenya works. A well marketed narrative, regardless whether it is true will always carry the day. Exploitation of needy people will never be justified on the fact they are willing or have no alternatives - otherwise most of slavery in history would be right. And when I say staff are not allowed to be unionisable I mean long-serving 8+ years graduates in service who still earn less than 50K from the charitable Mwangi.

In the corporate world that in blue is the easiest and most cost effective form of innovation. introducing a new product altogether is usually accompanied by teething problems, such as the MVNO, beba pay and now this.

For decades, General Electric was happy to reap the enormous profits that arose from its finance arm as it swelled into one of the country’s biggest lenders.

But as banking has become a less profitable and riskier business, G.E. will complete a transformation it began amid the tumult of the financial crisis: selling off most of that division over the next two years.

Beginning by selling $26.5 billion worth of real estate assets, G.E. is hastening to return to its roots as one of the mightiest industrial companies in the world, whose operations include jet engines, oil drilling equipment and medical devices. What it will mostly shed is GE Capital, a lender with hundreds of billions of dollars’ worth of assets.

The move announced Friday reflects the shifting landscape of the financial world, especially for the largest players. They face greater regulatory scrutiny and calls from analysts and investors to slim their operations or break up. Some are shifting their focus to areas like wealth management as traditional activities like trading prove less profitable. It is no surprise that G.E. decided to re-evaluate its role in this ecosystem.

The divestiture campaign, code-named Hubble within G.E. and put together in about six weeks, will erase one of the main legacies of the conglomerate’s vaunted former chief executive, John F. Welch Jr. But it is also a recognition that manufacturing, not finance, represents the company’s future.

“We’re not sentimentalists,” Jeffrey R. Immelt, the multinational’s current chairman and chief executive, said in an interview.