Diamond Trust Bank will this month ask their shareholders to approve:
– participation of the bank in a rights issue of their Ugandan subsidiary
– Approve expansion to Burundi (odd or smart considering that other banks have focused on Rwanda)
Dueling web sites
DTB, with a new corporate name, has a new website but they should probably map /discontinue their old site or it may give the impression that its another company that doesn’t bother to update its website.
KCB who are also going to increase their capital to support regional expansion, and cross-listing on the stock exchanges in Tanzania and Uganda, have consolidated their company to a group website, abandoning their kcb.co.ke
Also caught up in the confusion of domains between (.co.ke) and (.com) is the Safaricom IPO. The former is the official site, which applicants could use to apply online for shares. The government should have cracked down on transaction adviser – Dyer & Blair who opened the latter site and may have created some confusion. Though more active and up to date (even has a blog of sorts), the Dyer site attracted people who thought it was the official site and some confused investors have been logging in their to track their applications without realizing that it is not the official site