What is in the best and long-term interest of teachers and ordinary members of the gigantic Mwalimu National Sacco following the recent decision by the society’s annual general meeting to liquidate Spire Bank? The idea of killing the bank and tearing up its banking license does not appeal to me. Let me explain the offers and options on the table. Even the ordinary teacher and member of Mwalimu Sacco not familiar with nuances of complex mergers and acquisition transactions can join the conversation. The first option on the table is an asset purchase transaction. A prominent local bank has offered…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Juliana Rotich, a Kenyan information technology professional is the new Head of Fintech Integration Solutions at Safaricom. She holds an IT degree from the University of Missouri. She is a board member of BRCK Inc and serves on the Advisory Council BASF, Microsoft 4Afrika and Waabeh Ltd. https://twitter.com/afromusing/status/1503769883833737218?t=foA2UYqAVAxQRtSajwil8A&s=19
Chinese smartphone maker Oppo is soon going to launch its Oppo A96 smartphone in Kenya. OPPO A96 is equipped with a 5000mAh1 long-lasting battery and 33W SUPERVOOCTM flash charging. It is complemented by the OPPO Glow Design that allows the phone to be scratch and fingerprint resistant. OPPO A96 HIGHLIGHTS Oppo A96 will be powered by an octa-core Qualcomm Snapdragon 680 processor. Oppo A96 will feature dual rear camera system headlined by a 50MP sensor. Oppo A96 will run on Android 11 based ColorOS 11.1. Powered by the Qualcomm® Snapdragon™ OPPO A96 delivers an exceptionally smooth user experience with the…
Nominees for the eighth edition of the Africa Magic Viewers’ Choice Awards will be unveiled in a special broadcast on all Africa Magic channels on DStv and GOtv from 22:00 CAT on Saturday, March 19th. Nollywood actors, Adesua Etomi-Wellington and Daniel Etim-Effiong, will announce the nominees in all 33 categories for this edition. “We received a good number of quality entries from across the continent for this edition of the AMVCAs and we are pleased to reveal the final shortlist of nominees, which we are confident embody the excellence the awards is renowned for,” Executive Head, Content and West Africa…
Standard Chartered Bank Kenya on Monday posted a 66.7 per cent jump in its profit at Ksh 9 billion in the fiscal year 2021. This is compared to Ksh 5.4 billion in the corresponding period a year ago, largely attributable to an increase in Non-Funded Income and lower interest and operating expenses. “2021 was an exceptional year for the bank despite the ongoing pandemic-driven challenging conditions. Income returned to growth after the dip last year occasioned by the impact of the pandemic, increasing 7 per cent with strong underlying business momentum,”’ said StanChart Bank chief executive Kariuki Ngari. The Board…
The 2022 Formula 1 will feature a 22 Grand Prix schedule, which kicks off on Sunday 20th March with the Bahrain Grand Prix. The scenes at the 2021 season-ending Abu Dhabi Grand Prix should be enough of a reason to get you excited for the 2022 season. Lewis Hamilton will have the bit between his teeth after losing out on his eighth title in such controversial circumstances while Max Verstappen will be out to show that his first title was not just down to the drama at the Yas Marina Circuit. Add to that the sweeping changes that the cars…