@the deal i know you probably have an affiliation to southern african firms.... But after CFC's and jubilees half year results you'll realise there is no need to go that far...

South African firms may be larger but in Kenya they have met their match!

Castle/SAB vs EABL/Guinness: EABL
CFCStanbic vs Equity or NIC or DTBK: Not CFCSB
Metro Supermarkets vs Nakumatt: Nakumatt
SAA (subsidized by GoSA) vs KQ: KQ

I really can't think of any SA business that has done well in Kenya except the BMWs & Mercs but these are controlled by Germans!

@StatMeister,

CiC for many years has been insuring mainly the sacco societies. It is now branching out to insure other businesses, both life and general. The sacco business is good as evidenced by growth of the cooperative movement in Kenya - the strongest in Africa.

The shares were offered for private placed a couple of years ago. CiC is mainly owned by cooperative socities - class A and members of cooperatives class B. Class B are the ones who bought during the private placement. They do not have voting powers like class A.

Lately, CiC have been doing a lot of marketing and I believe they are gearing for listing.

The shares trade on OTC and price range from 30 to 40 bob. For a share whose eps is 11, I think that is a bargain price.

As you knoe OTC is through paper certificates. The shares are a little scarse to obtain.

Note: you have to be a member of the cooperative society in order to purchase - just like Coop bank in the pre-listing times.

Suntra and African Alliance are their agents.

Good luck

@pkoli, thanx . . . sounds like my goose is cooked. I have to look for a SACCO to register with ASAP

Do you know any other good counters trading OTC?

@StatMeister,


I was keen to look at TransCentury but I lost interest along the way, there was Family Finance too, but I qm not sure. Suntra has quiet a number. I had a list in my comp in Nairobi but I am way till Sunday. Check with Suntra for further info.