The Made in Kenya bug hit us badly. Besides, you know the perception that Kenyans have on Nigerians. How is Bank of Africa doing?

Eco Bank?

They took over an existing Kenyan outfit - EABS Bank

In my humble estimation, UBA's initial strategy was to go for the corporate segment of the market but found the going tough with the likes of Barclays, StanChart,CFC, I&M already established. Plus their branch network is nothing to write home about. They should advertise more to increase their brand visibility.
Eco Bank have realised that retail banking is the way to go in Kenya and this can be evidenced by their new strategy of trying to encourage more people to open accounts with them. Their branch footprint is also wider as compared to UBA's.

In this economy, volumes, not margins, determine if you'll open shop tomorrow.

#thatisall

Ecobank is also deep in losses...

Interest expenses have also killed Ecobank this year. They have made a loss in each and every Quarter this year

Amount in Kshs. millions
Q1 - (377,071)
Q2 - (234,177)
Q3 - (307,423)

Loss for 9 months is 918.7 million. This time last year they had a 73 million profit. For the FY 2011, they made 202 million profit.

For the 9 months, Interest Expenses were up 178 percent to 2 Billion resulting in N.I.I. declining 83 percent to 772 million.

UBA and Ecobank are truly feeling the Kenyan heat.Kenya is not a home away from home.

I noted that UBA and DUBAI bank share CEO'S i.e Binay Dutta is the ceo of both banks.