What will be the impact of EB being in the following countries by 2015?

-Tanzania
- Nigeria
- Ghana
- South Africa
- Zimbabwe
- Senegal
- Madagascar
- Rwanda
- Burundi

By then EB's will have become the most profitable bank in East and Central Africa. Is 1 Billion Dollars in Profit aiming for too much????

Rwanda is definately the next move. most local companies have established there. its a copy paste Kenya if you like it!

Fear sees obstacles,Faith sees opportunities Fear sees problems,Faith sees possibilities Fear sees stumbling blocks,Faith sees stepping-stones!

With flawless execution,EB may have a shot at other African countries but S.Africa and Nigeria will be difficult markets. I like what they have done in Kenya but do not see them having significant impact in these countries for the following reasons:

1. Muscle - Indigenous Banks in these countries are in a different league.

2. No longer unknown - Unlike Kenya where the mwananchi strategy 'ambushed' the big banks,I do not expect the ones in these countries to be as unprepared. EB's success has not gone unnoticed and is already known in Africa's larger markets i.e. S.Africa,Nigeria,N.Africa. Any attempt to penetrate will be met with stiffer and much more informed resistance.

3. Xenophobia - For S.Africans,the barely-restrained dislike for foreigners and esp. those from Africa runs from the townships to the corporate boardrooms. I don't see the poor (even with the promise of personal financial benefit) flocking to EB that easy.

However,if they choose to venture into these markets,strategic acquisitions will be the way to go. Trying to build the bank from scratch will amplify the above-listed problems by 100 times.

That said,I would be the proudest Kenyan if they succeed.