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Equity Bank Opening In DRC
Pesa Nane
#41 Posted : Wednesday, April 11, 2018 8:25:09 PM
Rank: Elder


Joined: 5/25/2012
Posts: 3,736
Location: 08c
2018 AGM Agenda

Quote:

Special Business
To consider and if found fit, to pass a special resolution approving the set up of the Employee Share Ownership Scheme structure for Equity Bank Congo through the issuance and allotment of 125,371 ordinary shares in Equity Bank Congo to the ESOP (ESOP shares) amounting to 5% of the issued share capital of Equity Bank Congo.
Pesa Nane plans to be shilingi when he grows up.
watesh
#42 Posted : Thursday, April 12, 2018 3:58:32 PM
Rank: Member


Joined: 8/10/2014
Posts: 669
Location: Kenya
Pesa Nane wrote:
2018 AGM Agenda

Quote:

Special Business
To consider and if found fit, to pass a special resolution approving the set up of the Employee Share Ownership Scheme structure for Equity Bank Congo through the issuance and allotment of 125,371 ordinary shares in Equity Bank Congo to the ESOP (ESOP shares) amounting to 5% of the issued share capital of Equity Bank Congo.

Should be a great way to motivate them to scale up to the size of RawBank or even surpass it.
obiero
#43 Posted : Friday, April 13, 2018 9:20:29 AM
Rank: Elder


Joined: 6/23/2009
Posts: 9,376
Location: nairobi
watesh wrote:
Boris Boyka wrote:
Kusadikika wrote:
watesh wrote:
The biggest banks in DRC make tiny profits as compared to Kenya. Rawbank hit $6.7 million in 2013 (Ksh0.7 billion), BCDC $9.2million in 2013 (Ksh920 million) , Trust Merchant Bank $10m in 2014 (Ksh 1 billion)......in a country whose mineral wealth is bigger than the GDP of USA and Europe, there is so much money outside the banks hands


Have you ever heard of how Bata came to Africa and set up their factory in Limuru well here it is:

At the end of the nineteenth century, just as colonial Africa was opening up as a market, all the manufacturers of shoes in Victorian England sent their representatives to Africa to see if there might be an opportunity there for their wares. All duly came back in time with the same answer. ‘Nobody in Africa wears shoes. So, there is no market for our products there.’

All, that is, save for the Bata rep. He came back saying, ‘Nobody in Africa wears shoes. So, there’s a huge market for our products in Africa!’


I think James Mwangi has looked at those numbers but he is thinking like that Bata representative.


You have spoken like 10 wise men! For those saying DRC is volatile,which African country is stable and peaceful? All is gone. we are having chaos in the North...South...west and East. In fact Kenya is Volatilier if such a word exists yet investors still pump in money.

Agreed, most african countries are not peaceful even southafrica juzi juzi they were fighting off foreigners. In DRC as long as elections go well that country is fertile to be impregnated with businesses. Minerals alone is alot of money. Hydroelec power is enough to power half of africa...south africa already ready to buy. That more money into that economy. Once very stable far down the line, tourism will be next. The exotic animals in that place....food export also, so many rivers to irrigate...the potential this country has is just massive

Fertile to be impregnated with business. Quotable quote by @watesh
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual and logical..
the deal
#44 Posted : Friday, April 13, 2018 4:08:11 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,323
Location: Windhoek/Nairobbery
D.R.C is a different ball game...many have tried & failed...the dynamics of Congolese politics means stability is very far off...better to focus on South Sudan!
obiero
#45 Posted : Friday, April 13, 2018 4:33:04 PM
Rank: Elder


Joined: 6/23/2009
Posts: 9,376
Location: nairobi
the deal wrote:
D.R.C is a different ball game...many have tried & failed...the dynamics of Congolese politics means stability is very far off...better to focus on South Sudan!

same difference. both are highly volatile countries
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual and logical..
VituVingiSana
#46 Posted : Friday, April 13, 2018 5:21:28 PM
Rank: Chief


Joined: 1/3/2007
Posts: 14,293
Location: Nairobi
the deal wrote:
D.R.C is a different ball game...many have tried & failed...the dynamics of Congolese politics means stability is very far off...better to focus on South Sudan!
Try (at a relatively low cost) again with a different approach/ideas/strategy until one hits the jackpot. The business is there.

South Sudan: Equity is in SS but in maintenance mode. When the time is ripe, hopefully soon, Equity will jump back in with both feet.

DRC: A lot of business done is DRC is channeled through Rwanda so the DRC subsidiary could indirectly be a major source of business for Equity Rwanda.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#47 Posted : Friday, April 13, 2018 5:26:21 PM
Rank: Elder


Joined: 6/23/2009
Posts: 9,376
Location: nairobi
VituVingiSana wrote:
the deal wrote:
D.R.C is a different ball game...many have tried & failed...the dynamics of Congolese politics means stability is very far off...better to focus on South Sudan!
Try (at a relatively low cost) again with a different approach/ideas/strategy until one hits the jackpot. The business is there.

South Sudan: Equity is in SS but in maintenance mode. When the time is ripe, hopefully soon, Equity will jump back in with both feet.

DRC: A lot of business done is DRC is channeled through Rwanda so the DRC subsidiary could indirectly be a major source of business for Equity Rwanda.

Even Somalia is not unapproachable.. High risk high returns
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual and logical..
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