Hii ata 47 is possible.

times have really changed from moi's style

We have moved forward a couple of steps

Unfortunately, it's not that difficult for someone to move us 3 steps back. Look what happened in 2008.

https://www.bloomberg.co...ers-to-stem-loan-losses

KCB Group Plc is pursuing defaulters as Kenya’s biggest lender combines recently purchased National Bank of Kenya Ltd. into its operations.

“You’ll see more actions, more demand letters going after our customers” who aren’t repaying loans, KCB Chief Executive Officer Joshua Oigara said on the sidelines of a conference in Nairobi last week. “Next year is the real recovery period for the loans we have for NBK.”

The acquisition of state-owned NBK, which has 49% of its loans classified as non-performing, will almost double KCB’s ratio of bad debts to 12%. Oigara aims to bring the ratio down to 8% a year after the consolidation, which will be completed during the course of 2020.
The lender has already given debtors a taste of what’s to come. State-owned East African Portland Cement Co., the nation’s oldest maker of the building material, on Sept. 27 said it is seeking approval from shareholders to sell land and pay off 5.4 billion shillings ($52 million) it owes KCB. Three days earlier, KCB won a court bid to place another struggling government-owned entity, Mumias Sugar Co., under administration to protect its assets.
“That vigor will continue to remain,” the CEO said. “So we expect to recover a number of those loans.”

CONSOLIDATED BANK ANNUAL REPORT 2018

Top Shareholder of Ordinary shares in Consolidated bank is National Treasury with 85.1% followed by NSSF with 3.18%.

Top holder of preference shares is NSSF with 22.5%.
Treasury has zero shareholding of the preference shares

This one looking at the size acquisition may be on cash basis,no swapping of shares.

The bank isn't that big so affording the cash won't be an issue.
If it were to swap the ratio to be used would be so small like 1:100.

The shareholding of Consolidated bank has
Telkom kenya
Kenya pipeline
NHIF
KNEC
In it's list

SHAREHOLDING
The Company files monthly investor returns to meet the continuing obligations as prescribed by the Capital Markets Authority and the Nairobi Securities
Exchange.
DIRECTORS’ INTERESTS AS AT 31ST DECEMBER, 2018
Name of Director Number of Shares % Shareholding
Permanent Secretary to the Treasury of Kenya 537,378,947 17.53
Mr. Adil A. Khawaja 38,500 -
Mr. Joshua Nyamweya Oigara 35,157 -
Mr. J.O.A. Nyerere 10,455 -
Mr. Ngeny Biwott 1,537 -
Mr. Andrew Wambari Kairu 0 -
Mr. Tom Ipomai 0 -
Ms. Georgina M. Malombe 0 -
Mr. Lawrence Mark Njiru 0 -
Mr. Lawrence Kimathi Kiambi 0 -
Mr. Joseph Kania 0 -
Shareholders' Profile as at 31st December, 2018 Number of Sharesholders Number of Shares Held % Shareholding
Kenyan Individual Investors 147,554 842,712,245 27.49
Kenyan Institutional Investors 5,237 1,409,511,673 45.97
East African Individual Investors 224 4,561,509 0.15
East African Institutional Investors 64 113,371,894 3.70
Foreign Individual Investors 530 42,742,507 1.39
Foreign Institutional Investors 131 653,163,659 21.30
153,740 3,066,063,487 100.00
Summary of Totals
Shares Range Shareholders Number of Shares % Shareholding
1 to 5,000 125,072 200,153,731 6.53
5,001 to 50,000 26,666 280,001,951 9.13
50,001 to 100,000 779 53,485,447 1.74
100,001 to 1,000,000 923 274,721,730 8.96
1,000,001 to 10,000,000 265 778,935,933 25.41
10,000,001 & above 35 1,478,764,695 48.23
153,740 3,066,063,487 100.00
Major Shareholders
Major Shareholders Number of Shares Held % Shareholding
Permanent Secretary to the Treasury of Kenya 537,378,947 17.53
National Social Security Fund 187,634,448 6.12
Stanbic Nominees Ltd NR3530153-1 85,000,000 2.77
Standard Chartered Nomunees Non Resd. A/C 9069 56,920,595 1.86
Standard Chartered Nominees Non Resd. A/C 9867 48,276,780 1.57
Standard Chartered Kenya Nominee A/C 9688 45,778,323 1.49
Standard Chartered Kenya Nominees Ltd a/c KE002382 33,067,087 1.08
Standard Chartered Nominees Ltd a/c 9687 31,680,986 1.03
Standard Chartered Nominees a/c KE17682 30,290,760 0.99
Sandip Kana Sinh Babla & Alka Sandip Babla 28,728,500 0.94
1,144,120,355 35.38

Hiyo ndio latest fillings ambayo iko public.