The effects will start being felt in the share price;expect more downslide starting next week.
@Ebenyo
The effects of the loan will start being felt in the Q3 results

Gideon Muriuki should just do the bank a favour by retiring as CEO.
If that happens the share price will bounce like a spring

@enyands
Haina shida ata Kimunya alisema he'd rather die than resign.But he resigned even before his death was near.
Ata Gideon when the pressure will become too much ataenda.
Kampuni sio ya mama yako

boris I agree. someone like GM is almost one the largest single shareholder of the company followed by the chairman. how can he vote against himself? unless atoke kwa hiari yaani goodwill. otherwise there is no one to exert pressure on GM to resign

Ericson I think it's a little bit complicated because when you pick a sacco like kahawa sacco,it's one of the major depositors with the bank. The sacco is owned by Mt Kenya farmers who are billionaires from coffee proceeds. So they are old, since they started owning those coffee farms long time. There is no young people owning these farms. So it won't make sense for a father to hand over his farm to his son and he is still alive.you know Africa

So these old time coffee farmers own this old time saccos,which in turn don't understand statements of accounts ,appoint old time boards because they feel safe with them than young ,dangerous vibrant kid who they can't trust their money with.

The bank depends on this old timers for deposits and issue loans .it loves them because they have the mentality of having more savings in millions or shamba.there is no other investment opportunity they may think of. And banks love people with this mentality .more MOney for them to loan out .so it's kinda complicated .