Co-operative Bank has started searching for a new head of its stockbrokerage subsidiary, Kingdom Securities, following the exit of Geoffrey Odundo for the Nairobi Securities Exchange as its new chief executive.


Mr Odundo an accomplished investment banker with 22 years of experience in the financial industry was instrumental in setting up of Kingdom Securities, Co-op trust Investment Services and Co-op Consultancy Services.

Fire employees but increase CSR? Same Co-op is hiring Mackinsey to reduce costs. If fees per year per student is 100k in a national school and 50k in an extra county school then the cost will be at least 50m per year.

@Boris no need to tie your boxers in a knot. Your bank can apply all its revenues to CSR for all we care but a serious investor must ask how an increase in CSR is mentioned in the same breath with restructuring.

Co-operative bank of Kenya has entered the cashless fare platform, becoming the latest lender to provide the platform as it targets to grow its non-funded income.
Dubbed M-Nauli, co-operative bank said it will ride on its close association with the country’s Sacco movement to win over Matatu saccos.
“We tapped into our experience with SACCOs when developing our M-Nauli system to ensure that the product effectively works for the Matatu Owners and as well as for customers." Managing Director Gideon Muriuki said during the launch.
Can I recharge my card at any Co-op ATM?
Should there be an option of recharge either through an account or direct money where ATM accepts money and loads it into the M-Nauli?

Still the people are carrying cash nd conductors never say they have the machine to "TAP"!

@vvs yours is better,apple to apple. On other side "product" is relative. Assuming the Memba way it could yeild for them in few yrs time. the beneficiaries could work at lower pay in future,their siblings/dependants accts to.be in coop in order to continue enjoying benefits,the monies are channelled to instituitions through coop.