Category Archives: credit cards
Travelling with Nation Hela
IM The Bank!
Kenya’s I&M Bank has made two bold moves in recent days:
1. The second was the purchase of a stake in a Tanznian Bank, after their venture last year into Mauritius. It will probably be similar to the bank buy by NIC in Tanzania that they (NIC) revealed to their shareholders. But expert analyst @coldtusker points out that it has taken six years for I&M’s foray to bear fruit in Tanzania.
Also, Ratio Magazine just published a timely Tanzania Country Brief which has this comment on the banking sector;
…Tanzania is already home to 25 banks – none of which have managed to bring down the country’s high interest rates (many banks charge up to 25%). There is much opportunity to court new customers, as only 10% of Tanzania’s 40 million people have access to formal banking services. But scarce human resources that have plagued other foreign entrants will also be a challenge…
From ABN Digital: On 27/01/10 CNBC Africa’s Alishia Seckam spoke to Suprio Sengupta from I & M Bank
2. The first was the was the partnership with partnership with VISA that may place I&M at the forefront of the e-commerce banking in Kenya, which though it still has a small debit and credit card base, these consumers now have the access and a platform to make online payments as well as for local merchants to sell their goods, and receive payments, online.
Week on Twitter: September 22
Another re-cap of a week full of Twitter – @bankelele posts which included issues like Olympia prepares for shareholders then postpone AGM, a skunkworks forum and a fibre summit are coming to Nairobi this week, but how is the fibre being used in government? There’s a new newspaper from the government of Kenya and a new magazine from EAM. Charterhouse bank may re-open while PTA bank has a silent bond, Kenya Airways flies to Ndola while Emirates air starts selling world cup 2010 packages, and finally twitter matures by enabling medical advice for Kahenya, drawing in the US ambassador to Kenya and also by helping Stanbic Bank improve customer service
– East Africa Fibre Summit – in Kenya next week http://www.aitecafrica.com/…
Emirates Air starts selling 2010 World Cup South Africa Packages http://tinyurl.com/pbj7e3 (where’s SAA, @kenyaairways, Ethiopian?)
New GoK newspaper title Kenya Today; first issue has bullet trains, Brigadier Ali, SMEs, Idi Amin, MJ, and rants about parliamentary dictatorship & NYTimes writers – all at a cost of Kshs 30/=
– @SupremeGREAM I’d be very surprised if Charterhouse Bank reopens. It will be like re-licensing Triton; @kachwanya is correct, something is smoking at Charterhouse http://bit.ly/3lk8d2
– R/T @kaboro Skunkworks Tech & Entrepreneur Forum, 29Sep Speakers: Liko Agosta, Verviant, Joshua Wanyama, Pamoja, Alex Gakuru.
– Help @kahenya with medical advice http://bit.ly/1YDJ3F #rhabdomyolysis
– @RookieKE CFA one very tough exam, it has driven some very bright professionals up the wall. CFA pass rates Level I: 46% Level II: 41% Level III: 49% @kainvestor http://tinyurl.com/mwegha i salute those who have tried it
– Tiomin say they have made progress with Canadian and Chinese investors on #kwale. Wait till they get to environment minister #michuki
– Kenya government has asked all ministries/agencies to email copies of procurement tenders – to be compiled at a portal http://www.tenders.go.ke/ ; also http://www.tandaa.co.ke/ which is “all about Kenyan content” has NO KENYAN CONTENT! Just Anheuser Busch, French news, love in Warsaw…
– @kenyaairways 44th destination launch flight lands in Ndola #Zambia http://bit.ly/hMFk5
– Barclays waives joining fee for gold (6K) & classic (3k) cards http://www.barclays.com/afr… #youllpaysomehow @coldtusker I have no credit card, I can usually tap family or friends #TIA
– R/t @joosi @davos World Economic Forum (WEF) to be in Tanzania May ’10. Nairobi star said Kofi Annan steered it away from Kenya’s bad leadership
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#Newshot and #bullseye are not too funny: seems Marende may have banned use of parliamentary clips for satire. Did Njoki spell stakeholder as steakholder in her protest letter? #NTV
– Sunday nation writes about US ambassador on twitter @usamb4reform, but twitter yet to be taken up keenly in Kenya unlike facebook
– Nairobi water company appoints 4 debt collection agencies
– PTA Bank has a $21 million 14% bond in Uganda closing Oct 2. Pity they stopped updating their website http://www.ptabank.org
– New women’s magazine called Move out this week from EAM, costs just Kshs. 80 ($1) http://www.drum.co.ke/node/… was true love too pricey for the ladies?
– Twitter improves bank service R/T @coldtusker Thanks to @StandardBankGrp I got a call from CFCStanbic Kenya re: my problems at the bank
– R/t @kainvestor Kenya Ministry of Water office connected to fibre cable! But nobody knows what do with it…just watching movies online.
Olympia CEO comments South Africa has been a real challenge, but we still believe in the market M Matu http://tinyurl.com/klheg7 ; later Olympiacapital muddle continues, now AGM postponed to 2nd-oct cause delayed fin statement dispatch
Twitter Week: KQ Strike and Equity Profit Dips
Twitter is a micro-blogging tool that is relly nifty for doing mini-posts, forwards and other remarks that (are on any subject) and are maybe not worthy of a full blog post. Here’s a summary of my week on Twitter:
– @coldtusker @kenentrepreneur the tea board of Kenya wishes to remind you that hawking of green tea leaf is
– Signed up too many usgov twitters to keep with #hilaryafrica. Will edit after her trip
– This is a good time for generator and diesel sale companies. I think there was a tax break for generator sales mentioned in uhuru’s June budget speech. No power last night, or this afternoon: will ignore the power ration schedule as a work of fiction KPLC. As bad as Nairobians complain about #KPLC the water crisis is of more concern
– R/T @shiroh the Stanchart diva trip is such a deal. $1,000 for 5 (shopping) days in South Africa for Ladies (incl, flights, hotels)
– Ethiopian Airlines net profit was $118 million, revenue up 33% with new airbus & Boeing orders pending. R/T @Jellyfish78 Kenya Airways vs. Ethiopian Air on Youtube is an informative but nasty spat http://bit.ly/13N34f and http://bit.ly/CM7Np. Also Ethiopian Air to fly Addis-Mombasa (via Kilimanjaro) http://bit.ly/OHsGq
– Diasporans giving up on Kenya http://bit.ly/K78g7
– Tahidi High tackles the mystery of paraffin in high school food
– On CitizenTV Delamere family shot live video in court and in jail. How? Still it’s a good spot light on the archaic judiciary. Delamere’s say Kenyatta family owns their dairy now while neighbours want to grab their 56 000 acre farm. Tom delamere testimony live – shot two dogs with two shots and denies he shot the man who died. How did ‘top lawyer’ tom ojiambo allow this?
– R/T @milonare Impunity starts with you, remember that when you cut in traffic and feel nothing. We reflect our leaders #fractals #Kenya
– Barclays Kenya raising credit card rates to 3.0% (up from 2.5%) from next month
– r/t @mainat Banks have reduced lending not because of interest rates but poor prospects of recovering loans in an economy that has stalled
– @rookieKE if you bank with consolidated, you can transfer cash from A/C to Mpesa using your phone
– You can get to the top of KICC Nairobi for $2 http://www.mamamikes.com/bl… (Though I believe Times Tower is higher)
– r/t @highwayafrica09 Call for Nominations – SABC-Highway Africa New Media Awards. See http://highwayafrica.com
– R/T @LarryMadowo FYI Equity Bank H1 PBT down 15% on one-off transaction last yr related 2 Safaricom IPO, Q2 profits up 25%
– Blog job: write about blogging, social networking & social media from Asia, MidEast and African countries http://tinyurl.com/ljxmcp
– R/T @kachwanya TEAMs shareholders seem to be the confused – there is no onward connectivity between Europe and Dubai, where TEAMS ends!
– Kenya stockbrokers association (KASIB) launched investor education handbook today http://www.kasib.co.ke/
– So @kachwanya @kainvestor, Nairobi City Council earns 14sh ($0.2) for every flyer tossed out of a car window?
– R/T @alykhansatchu #Kenya new 234 item price basket will track mobile-#cellular and computers charges & #camel meat #inflation
– So many aviation colleges in Nairobi with unemployed graduates, these (striking)@kenyaairways workers should know this
– Spent 15min at Nakumatt queue while some afro-diplomats paid for groceries with us $. Their exchange rate is KES72 =$
– COTU’s Francis Atwoli is going to brag about ending the #KQ strike, and coming through for workers.