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Portfolio Balancing: Avoid Over Exposure To Financial Sector
Rank: Elder Joined: 6/23/2009 Posts: 14,321 Location: nairobi
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Ebenyo wrote:Ericsson wrote:
Like you've all along been singing "the two boys have messed the economy"
Its because of Gok.The three banks have no problem.The problem is with poor gok borrowing.
Remember economics 101 COOP, IMH, KEGN, KQ, MTNU
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Rank: Chief Joined: 1/3/2007 Posts: 18,375 Location: Nairobi
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CBK says banks to take full capital hit from 2019 loans
https://www.businessdail...91260-num3dmz/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,321 Location: nairobi
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Funga mishipi na chungeni mifuko COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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https://kenyanwallstreet...ank-under-economic-bloc/
ourteen governors have said they will acquire an existing bank under the Lake Region Economic Bloc (LREB) to propel their development agenda.
Wycliffe Oparanya, LREB chairman and Governor Kakamega County said ex KCB Group CEO Martin Oduor has been asked to help find a potential bank for the bloc’s project worth Sh2.8 billion.
“We have decided to buy an existing bank instead of establishing a new one, which will take time. […] We want a smaller bank where we have a controlling share,” Oparanya said at Lesavanna Hotel in Kisumu.
Governor Oparanya said the project is at an advanced stage and have discussed the matter over with the Controller of budget, the governor of the Central Bank, and the Auditor General. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,321 Location: nairobi
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Ericsson wrote:https://kenyanwallstreet.com/14-lake-region-governors-set-to-acquire-bank-under-economic-bloc/
ourteen governors have said they will acquire an existing bank under the Lake Region Economic Bloc (LREB) to propel their development agenda.
Wycliffe Oparanya, LREB chairman and Governor Kakamega County said ex KCB Group CEO Martin Oduor has been asked to help find a potential bank for the bloc’s project worth Sh2.8 billion.
“We have decided to buy an existing bank instead of establishing a new one, which will take time. […] We want a smaller bank where we have a controlling share,” Oparanya said at Lesavanna Hotel in Kisumu.
Governor Oparanya said the project is at an advanced stage and have discussed the matter over with the Controller of budget, the governor of the Central Bank, and the Auditor General.
This is madness redefined. So we set up a bank for guaranteed loan approvals to effect the development agenda? This doesn't make any sense at all COOP, IMH, KEGN, KQ, MTNU
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Rank: Chief Joined: 1/3/2007 Posts: 18,375 Location: Nairobi
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Ericsson wrote:https://kenyanwallstreet.com/14-lake-region-governors-set-to-acquire-bank-under-economic-bloc/
ourteen governors have said they will acquire an existing bank under the Lake Region Economic Bloc (LREB) to propel their development agenda.
Wycliffe Oparanya, LREB chairman and Governor Kakamega County said ex KCB Group CEO Martin Oduor has been asked to help find a potential bank for the bloc’s project worth Sh2.8 billion.
“We have decided to buy an existing bank instead of establishing a new one, which will take time. […] We want a smaller bank where we have a controlling share,” Oparanya said at Lesavanna Hotel in Kisumu.
Governor Oparanya said the project is at an advanced stage and have discussed the matter over with the Controller of budget, the governor of the Central Bank, and the Auditor General.
They should buy Sidian Bank  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:https://kenyanwallstreet.com/14-lake-region-governors-set-to-acquire-bank-under-economic-bloc/
ourteen governors have said they will acquire an existing bank under the Lake Region Economic Bloc (LREB) to propel their development agenda.
Wycliffe Oparanya, LREB chairman and Governor Kakamega County said ex KCB Group CEO Martin Oduor has been asked to help find a potential bank for the bloc’s project worth Sh2.8 billion.
“We have decided to buy an existing bank instead of establishing a new one, which will take time. […] We want a smaller bank where we have a controlling share,” Oparanya said at Lesavanna Hotel in Kisumu.
Governor Oparanya said the project is at an advanced stage and have discussed the matter over with the Controller of budget, the governor of the Central Bank, and the Auditor General.
They should buy Sidian Bank
That is a loss making entity with little presence in that zone.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,321 Location: nairobi
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BBK KES 12, NIC KES 37, KCB KES 48.. Three financials in today's top losers. Interesting times as we await Q1 COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 12/7/2012 Posts: 11,937
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obiero wrote:BBK KES 12, NIC KES 37, KCB KES 48.. Three financials in today's top losers. Interesting times as we await Q1
For the last 2, KCB - dividend & NIC dividend plus bonus close was Monday 30th April. They will recover. Look at Equity. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Ericsson wrote:obiero wrote:Ericsson wrote:
Like you've all along been singing "the two boys have messed the economy"
@ericsson the worst is yet to come. Kibaki understood the country and how it ticks
I agree with you 100%.Iko watu watajiharia
Kibaki was a smart economist. No comparison with the two boys currently crumbling the nation. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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