Folks were complaining about the 200mn pay package that Mworia of Centum got but the folks at KCB are also raking it 100s of millions for running a bank that has an (almost) monopoly on GoK business.

Dividends are not as relevant as sustainable earnings. The shareholders of Berkshire Hathaway do not get a dividend. The shareholders of Apple did not get a dividend until recently.

https://www.businessdail...91350-jp9x60/index.html

Interesting that James Mwangi of Equity got a bonus of ZERO for 2017 while Oigara of KCB raked in a huge bonus for a (bank) performance that's not too different but with a far less lending/asset portfolio for Equity which increased its treasury holdings by a huge margin vs 2016.

I do not invest in a company that dont pay dividends.
Whether a company makes profit or loss,there are people who are making money from it.Employees,suppliers and contractors make money.Why should i profit anyone else?

https://www.businessdail...5950-5oagvez/index.html

KCB and KenGen are expected to contribute Sh2 billion and Sh1 billion respectively in dividends to the exchequer, the document shows, leaving 15 other corporations and companies to fork out the remaining Sh1.8 billion.

The government owns 17.5 per cent of KCB, equivalent to 537.4 million shares"

meaning GoK will pocket the FY2017 dividend of sh.2 which is ksh.1.0748bn.
means also KCB may pay interim dividend of ksh.2 per share this year at ksh.1.0748bn
This will bring the total dividend to ksh.2.1496bn less taxes of 5% comes ksh.2bn
If GoK is to meet its target

Kcb board of directors is doing well.These additions will only make it much better.

29th June 2018

Thanks!!!

wacha ikuje chini kabisa ndio tuload vizuri!
My current ABP is kshs 38.20 per share.I get a dividend yield of 7%.
I will be very glad for an opportunity to lower my ABP and to increase my dividend yield!

Dont check your account balance tommorow.There will be nothing.Check your account balance on monday 2nd July at 10.00 am.
This is purely based on previous experience.

Kenyan bank KCB could seek partner in Ethiopia as country opens up
KCB Group, Kenya’s biggest bank by assets, will look at partnering with a local bank in Ethiopia, where a potential liberalisation of foreign investment rules could open up a market of 100 million people.
The Kenyan bank opened an office in Addis Ababa three years ago to be ready in the market when opportunities arise, Chief Executive Officer Joshua Oigara said in an interview. Currently there are restrictions that bar foreign banks from making an investment.

Oigara said that if Ethiopia’s economy is liberalised under the country’s new leadership and foreign banks are allowed to invest, KCB would consider partnering with an Ethiopian bank. Alternatively, he said, the bank could establish a standalone business.

“We believe with the changes we see, the peace initiatives, that there will be very exciting opportunities for us,” he said, adding that Ethiopia could be most exciting expansion prospect for companies like KCB in the sub-Saharan region of 1 billion people.

Since Addis Ababa’s ruling coalition came to power 27 years ago, it has kept the government’s hand in sectors including banking and telecoms.

But since reformist Prime Minister Abiy Ahmed took over in April, he is shaking up politics and potentially the economy too by emphasising the need to attract investment.

The Ethiopian government’s decision last month to sell stakes in its lucrative telecoms monopoly and other assets has raised hopes that the state might also loosen its grip on other sectors that foreign companies are eager to enter.

Among those waiting in the wings is KCB, one of just two African banks that have set up representative offices in the Ethiopian capital.

Oigara was also bullish on the impact of the swift rapprochement between Ethiopia and Eritrea that has unfolded over the past five days.

The rapid changes follow Abiy Ahmed’s peace initiative last month. He visited Eritrea’s capital last weekend and signed a pact with President Isaias Afwerki on resuming ties, a move that ended a near 20-year military standoff after a border war.

Oigara said that the potential opening up of the Horn of Africa as a result of that peace initiative and other reforms pushed by Abiy could result in the volatile region becoming a new economic powerhouse.