Transition into 2007

2006 was a great year thanks to blogging.

Looking back

  • High point: the great people I met through the KBW buffet park meet ups
  • High point # 2: getting invited to the digital citizen indaba in South Africa – my first real visit to another African country and I got an idea of what to expect at the 2010 World Cup.

Low point: getting booted from adsense by Google – which happened just as I was getting used to having blogging provide some supplemental income through advertising. Thanks to Stocktrends and Alex Gichira (Ed. Business Post) for their support of my efforts since then.


  • Used statcounter (& still do) but it doesn’t provide much historical data so I also signed up with Google analytics in September.
  • 43% visitors of visits are from within Nairobi – which is surprising since the target audience is Kenyans in the diaspora and most of what I write should be apparent to people here in Nairobi. Still, it’s encouraging.
  • Fewest visits on Sundays – means most of you read in the office!

Top posts

  • Kenya exam results online (highest traffic [4X normal] was recorded on 28 December – not to read my banking summary for the year but to locate KCPE exams results online!)
  • No drugs at NSE
  • Where to buy shares
  • Money transfer within Kenya
  • Bank rankings June 2006

my faves  in terms of the comments and feedback I received

  • Safaricom success
  • No apologies
  • Idea exchange & barter trade
  • Training Kenyans for outsourcing
  • Where to buy shares (part ii) redux

Changes in 2007

Fewer posts: the amount of information posted by new bloggers and sites – such as nairobist, stockskenya, pesa tu, riba capital, cold tusker (now investing in Africa), hisagal, odegle nyang and others (see my blogroll) is a blessing for everyone. For me, it’s less to do, less news to bring up, and I can focus on more research and longer posts.

More techie; I owe so much to blogging so I must improve by learning more tech stuff and experimenting with more tools. I hope to have more photo posts this year and try out new templates (many people don’t like the black background). However, bankelele is not eligible for blogger beta as it may be too large to migrate.

Kioskelele: 2007 will be the year to take the plunge into the informal sector / entrepreneurship by starting a kiosk/shop/SME and continue to diversify my income. These opportunities are not there forever and we have to take them on otherwise we will regret forever why we didn’t follow our dreams. Still looking for the right location in the city that is accessible and suitable.

More savings: So far so good but a book I read recently (the “automatic millionaire”) said saving should happen automatically – i.e. money grows when you can’t see it/have no chance to intercept it & use the money. Only problem is that standing orders at Kenyan banks are so expensive – and it’s wrong to have 5 – 10% of money intended for savings be eaten up by bank charges. I found a bank which was much cheaper, but they sometimes forget to remit the money into the account!

Quit share trading: Not quite, but there will be less trading of shares this year and focus will remain on IPO’s and new issues like Safaricom. It’s not that the brokers are bad, but there are too many shareholders (since Kengen, Scangroup, and Eveready) who occupy brokers’ offices and phone lines from 9 a.m. to 3 p.m. It is too much hassle going there, trying to call in orders – that sometimes I think it may be better to cash in my gains and reinvest them in an Old Mutual fund or new investment club. (The folks at the Kenya capital investment group have posted their investment club constitution which is a good guide for those wishing to start a club)

Fun fact:

From an article in the Economist on the etiquette of bribery.

Q: “What’s the difference between a gift and a bribe?”
A: “Any gift, must be consumable in a single day – so a bottle of wine is acceptable, a case of wine is not.”


Head of keg business at East African breweries. Apply to by 6/1

ICDCI Investment manager, risk manager, business analyst, investment analyst, risk analyst. Details at their site and deadline for applications to is 19/1

Procurement adviser – public sector & development at KPMG. Apply to by 12/1

Commissioner of domestic tax revenue KRA. Apply through KPMG at by 7/1

Ministry of Foreign Affairs – Principal Counselors (4), First Counselor (11), Second Counselors (22), First Secretary (28) and Third Secretary Cadet (64) Posts. Details and deadline is 12/1

Head, Communications Unit at World Agroforestry Centre (ICRAF) . Details and deadline for applications to is 19/1

11 thoughts on “Transition into 2007

  1. gathinga

    banks. again, a good post. as 2007 opens, some of us would have loved to see u comment about how you expect specific stocks to behave at the nse….and why!

  2. Unyc

    hppy new year banks.
    read the meet ups write up….lol…

    Good luck on ur 2007 endeavours n continue givin n enlightenin some of us with very useful info that really comes in handy.

  3. Anonymous

    Chief, under which table were you hiding yourself at the meet up? I seem to be the only one who was unaware of your presence!

    Best wishes for the year ahead.

  4. Mashatall

    2006 was definitely a good year for your blog, insightful contributions were highly appreciated especially from some of us based abroad.I do share the same sentiments with you on stock trading, seems like the market has become over heated, and investors should tread with caution and put their money in alternative investments.I liquidated most of my shareholdings and put them into real estate, hopefuly it will act as a good store of value as we ride out the elections this year.Will definitely get into IPO’s, but only the ones that will have fundamentals right, no more tying up of my money in refund checks that take more than two months to materialise!!Quik question though banks, are u serious abot the kiosk idea? or you have a different twist on your Kiosk model? hope you do not just sell milk and ndaos in tao !!all the same chase your dream, its all you need to start your journey to financial freedom.Happy 2007.

  5. sijui

    Congratulations on a fantastic blog and a productive year! Hope you realize all your objectives in 07, especially best of luck on your new venture. Takes guts and balls! Aluta continua, can’t wait to trade stories on the entrepreneurial mine field that is Kenya…….but hey! great risk begats great reward…..

  6. Anonymous

    Even though I am not as fluent with capital markets and business as most of your readers, I do enjoy reading your blog and do so whenever I get the time!
    Keep on doing what you are doing!

  7. bankelele

    gathinga: Thanks, but am unable to predict stock swings in 2007. I’ll provide portfolio updates with reasons for changes though

    Unyc: Thanks. as for the meet up …

    coldtusker: sawa

    Archer: I think I had left by the time you arrived

    Mashatall: 2006 was great year – I learnt so much via email & comments. As for share trading, you have to make so many calls to ensure a trade is made. I’ll focus most efforts on IPO’s despite the refund woes(of which there will be a few). May take a stab at real estate later in the year
    – Kiosk with a twist, no milk and ndaos!

    Bob: CMC doing well with transport sector – Citi Hoppa’s etc and regional expansion

    sijui: thanks – will take the risk and hope rewards will follow by ’08

    Acolyte: Thanks. keep up the wrting also

Comments are closed.