No doubt, there will be very strong, embarrassingly record profits (esp. from Equity Bank), which will shock Kenyan’s but the results are for the year (2007) which was virtually over by the time that the country plunged into chaos. The impact of the economic disruptions, violence, and framework may not be seen at banks until after June 2008. Meanwhile one bank that was in expansion mode has put off the program and staff recruitment until further notice.
SME Finance: EABS Bank, soon to be Eco Bank (after the West African bank takes over 75%), has partnered with Enablis to provide young and upcoming entrepreneurs with bank loans this year.
Check your own credit: what has been personal right for millions of US consumers is now available in Kenya – the self credit check. The service is offered by CRB Africa, Kenya’s leading credit reference bureau, but many here have no credit at all. Still it’s a free service, which someone should try out.
Corporate governance; KCB has an ethics help desk at its site to receive confidential reports on fraud and workplace abuses within the organization.
Bug-me-not: From the bankwatch blog comes results of a survey that shows bank customers do not want bothersome SMS’s sent to their phones that don’t add value or inform them much e.g. account balance messages that cost 30 shillings ($0.4). I think it would be useful to have services that tells you when a cheque is about to bounce, or the CFC chip card alerts which inform account holders each time their credit card is charged
– EADB: Project Officers, Senior Project officers,
– I&M Bank: Credit Officer, Treasury Dealers/Officers, (Asset) Relationship Manager, (Liability) Relationship Manager, and Relationship Officer
– Inter Region Economic Network (IREN) : Webmaster, HTML text editors, Editor, Marketing Manager, and 3-month internships for year 2008. Apply to the Programs Manager, firstname.lastname@example.org by 15/2