Family Bank: Family Finance will be the next bank licensed in Kenya within the next month as the building society will covert into Family Bank. Some have called the fast rising institution and Equity clone with better stripes but it will fit in as the 22nd largest of Kenya’s Banks.
Gulf African: Also in the running in 2007 is Gulf African Bank which is backed by a consortium of Middle East financial institutions.
MEGA bank: Interesting read here on the challenges and plans of the proposed MEGA bank.
mega bank # 2
CFC’s share price has stabilized after the initial confirmation of talks with Stanbic. It has since steadily risen as proper analysis of the proposal merger has been taking place.
mega bank # 3
Will criticism by the SA Central bank governor scuttle part two of the Barclays Absa deal?
mega bank # 4
Is Nakumatt a Bank? It follows in the path of Wal-Mart but has not indicated any such leanings. However an organization that takes in over 70 million shillings a day ($1 million) and doesn’t have to pay its creditors for 30 days has to be a major player in the banking and investment world.
Ecobank here soon too.
finally a non banking story but a major corporate headache as Ribena (remember mothers who care trust Ribena? ) may not all that it advertises itself to be!