How much profit did they make?

If you are still excited from yesterday's achievements,then today you have not achieved anything.

Investigation for what @ Kularaha. Ps tell us more.

@business - Do u work for faida? Are u their agent? Are you an owner/shareholder in FIB?

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB

Faida is not so good as people here want to potray.

Faida investment bank is owned by 2 people,one called Bob Karina,who is also the vice chairman of NSE,he is quite shrewd in business espcially in getting advisory services for IPO

Approximately,the guy is worth 400 million.(not yet a billionaire)

The second person is his wife called Rina Karina,she is a certified CFA analyst and very learned from UK universities.Rina Karina is also a director of youth Enterprise Fund,and also a director of Enablis East Africa Ltd,due to her two conflicting directorship,she has being involved in fraudently transfering millions of youth fund money from the goverment to Enablis East Africa

Approximately Rina Karina is worth 200 miillon kenya shillings

I also have an account with Faida investmetn bank,windsor House,1st floor

yayo

...And before VVS asks,I do not work for Faida,I do not hold my CDS account with them and I'm not their agent or shareholder.

'Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light,not our darkness that most frightens us.' Marianne Williamson

I like their receptionist,who is always willing to help. CFC is also good but the procedure is just too long. You have to photocopy your id card to place an order. You also have to stay on the queue for at least an hour before you are served.

Sleeping like a littel baby

@Skodhe,i think if you spoke to the receptionist she'd give you the info you need on speed up. I place my orders via email & receive my statement too,whenever i request for it.

It's faster and easier if you are busy to follow up personally. Just ensure the orders and followed by you calling to confirm receivership.

My take as a customer with Faida for nearlly 5 years now is that it is very unfair to attack the owners of faida instead of commending them for making profit quite unlike even bigger and more popular firms.

A case in point is their foresight to subscribe heavily on bonds as a leverage to the uncertainty that came up due to world economic melt down. They envisaged dwindling income from stocks commission due to the likely investors apathy to stock due to dwindling stock prices and invariably the index.

This is a lesson to us that it is not ideal to invest all your funds in stocks. It is better to leverage on something else like real estate and fixed income secuities in all circumstance.

I say bravo our dear FIB. But I am yet to understand why they maintain two offices on the same street the winsor house and the new Fedha house. I believe they have done their SWOT analysis.



AFRICAN INVESTOR