Even with currency devaluation and conflicy SS still makes more profit than Uganda and Rwanda subsidiaries. So i say run the business as long as its profitable

WHO HAS THE PRESENTATION AND THE FULL REPORT.please share

Look at the balance sheet 0.4bn ksh is coming from SS in terms of profit, THAT IS MONEY, not just mere numbers. Thats profitable than many companies here in kenya. The problem last year with SS is currency devaluation due to lack of dollars in the market. Oil production had been reduced by more than 50%, Then prices sank and they were giving out 80%-90% of the revenue to Sudan for transport. Govt was busy using money to buy weapons and pay soldiers.
So far negotiations with Sudan about the reduction of $25 per barrel charge has started, more oil fields are back into production and oil prices are back at $40.
So its not yet time to close shop yet

9 more years

He is surely turning himself into a deity and celebr-eity!

Fresh blood ya kupeleka wapi??? Kenyans are a funny lot!!

They want change for the sake of change.

You only step aside when it is clear you no longer have new ideas, the company’s growth is flat or contracting and there is evidence this is BECAUSE OF YOUR LEADERSHIP or lack of it thereof!!

Go ask Larry Page and Sergey Brin when they will retire. While at it ask Warren Buffet how long he has been at the helm and why he hasn't retired. You should also have asked Steve Jobs the same questions.

Some people have big dreams and plans that take decades to actualize.

James Mwangi has a Pan African dream for Equity. This will not be actualized even in 10 years. To have an Equity Bank in at least half the African Countries as one of the top 3 or top 5 banks will take decades.

James Mwangi feels like he is just starting the journey while other are seeing the end - in Kenya!!!

I think retail banking is on its way out for now. What makes sense for Equity is to rely on USD deposits [not lending] and transactional income.

Example: Embassy sends USD to Equity which pays it out to the employees [in USD or SSP] and charges a fee to the embassy and customers. In addition, it offers other services to local clients but in SSP.

Mwangi said they have reduced the Loan Book to only KES 700mn. He said they had seen the signs and had started reducing the lending and were in collection mode.

Amen! Mwangi is an OWNER. He is not an employee [with zero shares] like Naikuni was. Mwangi has about 5% [directly & indirectly] in Equity. His wife has significant shares in Equity as well.

As I have said before, I like firms with DIRECTORS who have a significant part of their wealth invested in the firms. [Warren Buffett].

Equity - Mwangi & Munga
Unga - Ndegwas
I&M - Shahs
TPSEA - Aga Khan's people.
KenolKobil - Biwott's people
KenRe - This is an exception as I have said many, many times. It's GoK so I watch it.

FTGH - Bangera with 80% ... I am getting into it as well.

That said, I do not trust Merali, Kiuna & friends [TCL], Matu Family, Obura [Olympia], Dinitz [Express] who use the firms as ATMs.

Am still trying to locate the impact of Equitel in FY's results

The twitterati are right on spot. Equity are on the back foot.. Coop will shake them up, soon enough