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How true is FEP??
Rank: Member Joined: 5/4/2015 Posts: 241 Location: Kahno
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Group loss for the year 2015-- Kshs. 905,738,737.
Fountain MF Bank loss for the year 2015 -- Kshs. 42,9002,633
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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kimanimsc wrote:Group loss for the year 2015-- Kshs. 905,738,737.
Fountain MF Bank loss for the year 2015 -- Kshs. 42,9002,633 This is an improvement from the loss last year. How much is their assets worth? Is MF bank Credit bank? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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murchr wrote:kimanimsc wrote:Group loss for the year 2015-- Kshs. 905,738,737.
Fountain MF Bank loss for the year 2015 -- Kshs. 42,9002,633 This is an improvement from the loss last year. How much is their assets worth? Is MF bank Credit bank? No they are different companies. Mf reports to fep group,credit bank reports to cbk.they just bought stake in credit bank. 
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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enyands wrote:murchr wrote:kimanimsc wrote:Group loss for the year 2015-- Kshs. 905,738,737.
Fountain MF Bank loss for the year 2015 -- Kshs. 42,9002,633 This is an improvement from the loss last year. How much is their assets worth? Is MF bank Credit bank? No they are different companies. Mf reports to fep group,credit bank reports to cbk.they just bought stake in credit bank.  "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 2/9/2012 Posts: 576
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murchr wrote:enyands wrote:murchr wrote:kimanimsc wrote:Group loss for the year 2015-- Kshs. 905,738,737.
Fountain MF Bank loss for the year 2015 -- Kshs. 42,9002,633 This is an improvement from the loss last year. How much is their assets worth? Is MF bank Credit bank? No they are different companies. Mf reports to fep group,credit bank reports to cbk.they just bought stake in credit bank. Every year 1B + in losses and people are still injecting their money?this is the real voodoo. Africa belongs to Africans.
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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wazuaguest wrote:murchr wrote:enyands wrote:murchr wrote:kimanimsc wrote:Group loss for the year 2015-- Kshs. 905,738,737.
Fountain MF Bank loss for the year 2015 -- Kshs. 42,9002,633 This is an improvement from the loss last year. How much is their assets worth? Is MF bank Credit bank? No they are different companies. Mf reports to fep group,credit bank reports to cbk.they just bought stake in credit bank. Every year 1B + in losses and people are still injecting their money?this is the real voodoo.
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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enyands wrote:wazuaguest wrote:murchr wrote:enyands wrote:murchr wrote:kimanimsc wrote:Group loss for the year 2015-- Kshs. 905,738,737.
Fountain MF Bank loss for the year 2015 -- Kshs. 42,9002,633 This is an improvement from the loss last year. How much is their assets worth? Is MF bank Credit bank? No they are different companies. Mf reports to fep group,credit bank reports to cbk.they just bought stake in credit bank. Every year 1B + in losses and people are still injecting their money?this is the real voodoo. jinxed pple ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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muandiwambeu wrote:enyands wrote:wazuaguest wrote:murchr wrote:enyands wrote:murchr wrote:kimanimsc wrote:Group loss for the year 2015-- Kshs. 905,738,737.
Fountain MF Bank loss for the year 2015 -- Kshs. 42,9002,633 This is an improvement from the loss last year. How much is their assets worth? Is MF bank Credit bank? No they are different companies. Mf reports to fep group,credit bank reports to cbk.they just bought stake in credit bank. Every year 1B + in losses and people are still injecting their money?this is the real voodoo. jinxed pple Quote: The Rural Electrification Authority (REA) has awarded five companies contracts to connect more homes to the national power grid.
The $63.465 million (Sh6.4 billion) project is financed partly by the Government. The State injected Sh1.6 billion into the project while international financiers — Arab Bank for Development, Saudi Fund for Development and OPEC Fund for Development — will contribute the remainder.
The project is divided into five lots covering Nyanza/Western, North Rift, South Rift, Mt Kenya/Upper Eastern and Lower Eastern/Coast regions.
During the official contract signing ceremony yesterday, REA chairman Simon Gicharu revealed that the projects would extend electricity to 591 public facilities covering 35,460 households in the five regions. REA awarded Lomas & Lomas the contract for the supply and installation of power lines and associated transformers in the Nyanza/Western region.
Chinese firm Sinotec won the contract to connect power lines in the North Rift region while Fountain Technologies will cover South Rift. Magnate Ventures will handle Mt Kenya/Upper Eastern while Eswari Electricals Ltd (a joint venture with Wayne Homes) will supply and install 33kv, 11kv lines, transformers and low voltage networks in the lower Eastern and Coast regions. The parastatal also picked Aberdare Engineering as supervising consultants for the project
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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enyands wrote:muandiwambeu wrote:enyands wrote:wazuaguest wrote:murchr wrote:enyands wrote:murchr wrote:kimanimsc wrote:Group loss for the year 2015-- Kshs. 905,738,737.
Fountain MF Bank loss for the year 2015 -- Kshs. 42,9002,633 This is an improvement from the loss last year. How much is their assets worth? Is MF bank Credit bank? No they are different companies. Mf reports to fep group,credit bank reports to cbk.they just bought stake in credit bank. Every year 1B + in losses and people are still injecting their money?this is the real voodoo. jinxed pple Quote: The Rural Electrification Authority (REA) has awarded five companies contracts to connect more homes to the national power grid.
The $63.465 million (Sh6.4 billion) project is financed partly by the Government. The State injected Sh1.6 billion into the project while international financiers — Arab Bank for Development, Saudi Fund for Development and OPEC Fund for Development — will contribute the remainder.
The project is divided into five lots covering Nyanza/Western, North Rift, South Rift, Mt Kenya/Upper Eastern and Lower Eastern/Coast regions.
During the official contract signing ceremony yesterday, REA chairman Simon Gicharu revealed that the projects would extend electricity to 591 public facilities covering 35,460 households in the five regions. REA awarded Lomas & Lomas the contract for the supply and installation of power lines and associated transformers in the Nyanza/Western region.
Chinese firm Sinotec won the contract to connect power lines in the North Rift region while Fountain Technologies will cover South Rift. Magnate Ventures will handle Mt Kenya/Upper Eastern while Eswari Electricals Ltd (a joint venture with Wayne Homes) will supply and install 33kv, 11kv lines, transformers and low voltage networks in the lower Eastern and Coast regions. The parastatal also picked Aberdare Engineering as supervising consultants for the project  not bad news after all
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