Preview of KCB Group CEO Joshua Oigara interview on BBC.
KCB has made a bid of NBK and they are still at initial discussions so it's too early to make a conclusion.

KCB is one of the most efficient banks while Government is wasteful and inefficient.What would it look like having GoK with a huge stake?
Governments worldwide are the biggest spenders and borrowers look at Germany,USA,Japan and the like.That is the business we are looking at.
If you look at the top/biggest banks in Africa only two countries come in the picture;South Africa and Nigeria.
We would also like to be in that league/category

KCB is also involved in financing of the SGR due to the huge balance sheet we have which is necessary for big infrastructure projects.

NBK was dead.. So anyone who aims to revive it is welcome

Cheap deposits from govt agencies.While Equity is running away from salary loans and micro lending,Kcb will not do the same.Instead it will thrive on it as liquidity will not be a problem.

[quote=Ericsson]KCB Group scraps transaction charges for consumers paying bills from their bank accounts to an M-Pesa paybill number

https://www.the-star.co....m-pesa-paybill_c1624285[/quote]


Looks like this is a counter move to the free bill payment on Equitel. Not sure if KCB is helping Safaricom fight Equitel or Safaricom helping KCB fight EQUITY.

KCB helping Safaricom

These two are in a symbiotic relationship. Take an example where SCOM appointed KCB as a trust account holder for MPESA float. The other bank that has this priviledge is CBA. Going forward, we should expect more partnerships between these two.

Cytonn has been accumulating sakes in here and are now 14th largest shareholder in KCB and are still continuing with accumulation

This cyton thing sounds more of a pyramid scheme or ponzi scheme.They seem to struggle with identity crisis.Having such partners points to some interesting times ahead.Remember this guy who fleeced some people in Mauritannia and put the money in Britam? shareholders got some entry points,but Peter Munga was the major beneficiary indeed.

What exactly does Cytonn do as an alternative asset manager; what are the services your company offers, and why should investors put money with you?

We raise money from our clients and deploy in high returning investments, primarily real estate. But we are also growing our quoted private equity business, this is where we invest in companies that is our view are undervalued. That is how we have accumulated a stake and are now the 14th largest shareholder in KCB Group.


https://www.forbes.com/s...ent-firm/2/#651f64fc586b

Kenyans hold Sh240bn of unserviced loans


Loan default rate in Kenya has increased by 200 per cent from Sh120 billion to Sh240 billion in the last two years, a new report indicates.

According to the Kenya Bankers Association quarter two Economic Bulletin of 2017, the increase is from the first quarter of 2015 to the second quarter of 2017 ending June 30, 2017.

The report attributed the increase in the gross non-performing loans to challenges in the business environment that led to cash flow constraints for borrowers.

It also pointed out the drought experienced in quarter one of 2017 to have affected the agri-business enterprises thus the likelihood of such businesses being negatively affected.

The ratio of gross non-performing loans to gross loans increased by 3.17 per cent between quarter one of 2017 and the second quarter of 2017.

This is down from the 6.43 per cent rise between quarter four of 2016 and quarter one of 2017.

“Most listed companies have recorded very negative returns since late 2015, this is because they have been taking loans not for investment purposes but for operational expenses, this has adversely affected loan performance,” Kenya Banker Association director of research and policy Jared Osoro said.