Rank: Elder Joined: 8/16/2011 Posts: 2,386
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aemathenge wrote:Realtreaty wrote:Ericsson wrote:The MD/CEO needs to handover to a person with fresh ideas.
That will bring in confidence  What fresh Ideas? Can you mention at least 1(one) that you think Muriuki and Muchiri are missing. I tend to think these two land Lords are at the top that even Millennials won't reach. He has coped very well after Mwalimu SACCO went out after buying own Bank from Merali (Equitorial Bank) Half year '16 results will tell a lot this time. What Africa’s Banking Industry (Coop?) Needs to Do to Survive" Across Africa, banking is being redesigned.
Technology has emerged as a competitive weapon in driving operational excellence and superior service quality.
While the banks compete among themselves, they face existential threats from amalgam of entities, not necessarily possessing bank licenses.
For example, from telecommunication companies to fintech entrepreneurs, African banking fees and commissions are under tremendous pressure.
M-PESA offers services that are dislocating the banking architecture of Kenya, and not even global banking giants have been spared.
African banks, unlike their international counterparts, are more susceptible to disruptions largely because the newer alternatives are always preferable, owing to infrastructural challenges.
Anyone will prefer internet banking to avoid dreaded Nairobi traffic, just as millions of Africans leapfrogged owing computers to buying smartphones.
There is no requirement that non-banked Africans (Kenyans) will first get bank accounts before adopting digital wallets as ecosystems converge making it possible for people to buy and sell without a bank.
African banks must reinvent themselves to be part of the new banking sector".Link: What Africa's Banking Industry Needs To Survive  Congrats, those are points home!!!!! You scored a distinction in that simple discussion. 
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