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Potential merger NIC + CBA
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Ericsson
#81 Posted : Wednesday, February 27, 2019 11:50:04 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,819
Location: NAIROBI
sparkly wrote:
Beler wrote:
I am just rethinking this bond issuance during 2014. It might be that they have exhausted their lending opportunities and for this reason enter into process of merger, or it was for reason to make portfolios more beautiful before entering into negotiation process? What do you think?


Motivations of the Merger IMO:
1. CBA shareholders want to list, hence the merger with listed NIC;
2. New capitalisation requirements for banks. Other small and medium sized banks are also bulking up.
3. Ndegwas looking to divest some of their investments in banking. Remember NIC Group acquired ICEA, Lion Insurance, Solid Stock Brokers.
4. Good fit between the two banks


NIC group acquired ICEA and Lion Insurance when?
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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sparkly
#82 Posted : Wednesday, February 27, 2019 12:23:20 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
sparkly wrote:
Beler wrote:
I am just rethinking this bond issuance during 2014. It might be that they have exhausted their lending opportunities and for this reason enter into process of merger, or it was for reason to make portfolios more beautiful before entering into negotiation process? What do you think?


Motivations of the Merger IMO:
1. CBA shareholders want to list, hence the merger with listed NIC;
2. New capitalisation requirements for banks. Other small and medium sized banks are also bulking up.
3. Ndegwas looking to divest some of their investments in banking. Remember NIC Group acquired ICEA, Lion Insurance, Solid Stock Brokers.
4. Good fit between the two banks


NIC group acquired ICEA and Lion Insurance when?


My bad. The Ndegwas have majority stake in ICEALion.
Life is short. Live passionately.
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Mucher
#83 Posted : Tuesday, March 19, 2019 7:17:15 PM
Rank: New-farer

Joined: 1/15/2019
Posts: 33
Wealth preservation for a 100 years is a very wide concept and I am not sure if this case is here in question. It is about enlargement of capital and market position. I have some feeling that there will be some more mergers in the future
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nairobby
#84 Posted : Wednesday, April 03, 2019 12:46:36 PM
Rank: Member

Joined: 1/18/2019
Posts: 185
Location: kenya
State Capture in full swing by Kenyatta Inc. Does this make a case to buy NIC shares now? This will make them pivotal in lending to SMEs. Joke of a country but maybe an opportunity for wazuans? https://www.theeastafric...ke-over-lending-to-smes/
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wukan
#85 Posted : Wednesday, April 03, 2019 1:51:50 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,658
nairobby wrote:
State Capture in full swing by Kenyatta Inc. Does this make a case to buy NIC shares now? This will make them pivotal in lending to SMEs. Joke of a country but maybe an opportunity for wazuans? https://www.theeastafric...e-over-lending-to-smes/


The experience of transcentury after loss of power tells wazuans to be careful of Greeks bearing gifts turns out to be trojan horses and value traps.
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mufasa
#86 Posted : Wednesday, April 03, 2019 2:14:03 PM
Rank: Member

Joined: 4/15/2008
Posts: 240
The HUDUMA number is a good thing. It will help the country save a lot of money down the line.

Prof. Ndii says that to access services from private entities such as certain banks one will need the HUDUMA number. This argument isn't very strong since all he's got are speculations. Until he's got concrete data on his allegations, lets work with what we know and that is that the number will bring services from the government closer and faster. Yes, including taxation too and curbing corruption
Do it today! Tomorrow is promise to no-one.
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Ericsson
#87 Posted : Wednesday, April 03, 2019 2:26:26 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,819
Location: NAIROBI
mufasa wrote:
The HUDUMA number is a good thing. It will help the country save a lot of money down the line.

Prof. Ndii says that to access services from private entities such as certain banks one will need the HUDUMA number. This argument isn't very strong since all he's got are speculations. Until he's got concrete data on his allegations, lets work with what we know and that is that the number will bring services from the government closer and faster. Yes, including taxation too and curbing corruption


Huduma number is a waste of time and money.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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nairobby
#88 Posted : Wednesday, April 03, 2019 2:28:56 PM
Rank: Member

Joined: 1/18/2019
Posts: 185
Location: kenya
mufasa wrote:
The HUDUMA number is a good thing. It will help the country save a lot of money down the line.

Prof. Ndii says that to access services from private entities such as certain banks one will need the HUDUMA number. This argument isn't very strong since all he's got are speculations. Until he's got concrete data on his allegations, lets work with what we know and that is that the number will bring services from the government closer and faster. Yes, including taxation too and curbing corruption


Huduma number is nonsense
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tom_boy
#89 Posted : Wednesday, April 03, 2019 3:59:32 PM
Rank: Member

Joined: 2/20/2007
Posts: 767
For these so called huduma number proponents will huduma number do that an id number cannot be made to do.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Gathige
#90 Posted : Wednesday, April 03, 2019 4:20:49 PM
Rank: Elder

Joined: 3/29/2011
Posts: 2,242
tom_boy wrote:
For these so called huduma number proponents will huduma number do that an id number cannot be made to do.



May be its the KANU Card of the 80's now Jubilee Colours
"Things that matter most must never be at the mercy of things that matter least." Goethe
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