Barclays Africa Ready Buyers Named, KCB misses Out.

barclays bank

Following the announcement that Barclays PLC will be selling down its shares in Barclays Africa, KCB Group showed interest in buying Barclays Bank of Kenya(BBK) according to Business Daily.
Last week however, according to Financial Times, Former Barclays Bank CEO,Robert Diamond mentioned some of the potential investors targeted to buy all shares from all Barclays banks outside South Africa which can generate 20% of all Barclays Africa profits.


Read also Barclays Bank of Kenya responds on Exit claims.

Diamond is campaigning for a bid takeover for Barclays shares in Kenya, Uganda, Mauritius, Tanzania, Botswana, Ghana, Nigeria, Mozambique and Seychelles. The former CEO is also trying to encourage states associated to disregard mergers!

Robert Diamond who is founder of Atlas Mara Ltd, a company already owning shares from banks operating in more than seven African countries seemed to know much about African banking dynamics a reason why Barclays rely much on him.

Barclays Potential buyers
Diamond who is also eyeing to own Union Bank of Nigeria, mentioned that;
" He added that sovereign wealth funds in the Middle East and Asia are seen as the most likely sources of funding.”"
Now you know!

The south African fraction of Barclays Bank trading as Absa was not mentioned by the Atlas Mara CEO as being sold to the East.Maybe he wants to buy it because he already blocked Nedbank and FirstRand from participating.

New Currency Look In 2017- CBK governor, Partrick Njoroge Promises.

kenyan money

Kenya will start using new look bank notes late next year. As part of the new constitution implementations, Central Bank of Kenya governor, Patrick Njoroge told the Senate last week that the notes will be out starting September 2017,though the process was far much out of time range according to the constitution adopted in 2010.


The 2010 adopted constitution provides that the legal tender must not bear any person's images including the former or ruling president. It should carry something that is unique to the country for example geographical features or economic activities.This will see former presidents Moi and Kenyatta portraits missing from our bank notes.

The Kenyan currency in circulation currently include coins of the following denominationsksh1,ksh5,ksh10,ksh20 and ksh40.Coins not in circulation are ksh1000 and ksh5000 which bear former president, Mwai Kibaki's portrait together with the ksh40 coins in circulation.Kenyan shillings bank notes in circulation include;ksh50,ksh100,ksh200,ksh500 and ksh1000 which bear either former president Moi or Kenyatta's portraits.

According to the CBK, the process to retrieve current look currency out of circulation will cost kenya a total of ksh18 billion.

Source;BD

Equatorial Commercial Bank - Kenya

equatorial bank ltd

Equatorial Commercial Bank(ECB), considered the best in customer care delivery, was fully licensed to offer banking and finance services to Kenyans in 1995.It has since grown to be the best bank in Mobile banking too.


Loan Facilities
ECB offers lending services to all entities including individuals, institutions, NGOs among others. Loans are tailor made and may be salary advances, home loans, asset financing or any other as described by the customers.

Go mobile
This is ECB's mobile banking services platform. To start using 'Go mobile' in your mobile phone, simply visit any ECB branch to register. For Go mobile services, dial *286#or download the app from the link the bank will provide to you .Services accessible include;
Information Services:
Balance Inquiry.
Mini Statement.
Full Statement.
Treasury Rates
Branch & ATM locator(Smartphones).

Request Services
Credit Card Application.
Prepaid Card Application.
Change of GoMobile pin.
Loan Request.
Cheque Book Request.
Stop Cheque Payment.

Transactional Services
ECB Inter-account transfers.
Transfers to other Banks.
M-Pesa & Airtel Money transfers.
Loan Insurance Requests.
Airtime Topup.
Bankers cheque request (Smartphones only).
Bill Payments (KPLc, Dstv,Nairobi Water & ZUKU).
Change language.

Contacts
For further enquiries contact ECB through these numbers ;
+254 (20) 4981000 or
0703 047000

Transnational Bank - The Enterprising Bank

TRANSNATIONAL BANK

Transnational Bank is one of the more than fourty commercial banks licensed to operate in kenya.The banking and lending services provider, headquartered in Nairobi kenya is best known for its unending zeal to support agribusiness in the country. Apart from developing an agribusiness course at strathmore university,last year, Transnational bank also went into a partnership with BrazAgro to bring improvised Silos to cereal farmers at affordable credit terms
.

Loans on display
Transnational bank provides all banking services to its clients the recent being Chapaa Popote, the mobile accessible services retrieved through dialing USSD code *862#.However, as Loans Kenya, our focus is mostly on loan products. Apart from tailor made loan products, the credit solutions on display currently include;Hazina loan, Salary Advance, School fees loan, Asset finance and Agrifinance.

Contacts
Telephone:
0720081772,
or 2252188/91

Chase Bank Kenya Adds 'Mobile2Bank' On Mfukoni App Services

mobile2bank

Chase Bank kenya, one of the fastest growing banking services providers in Kenya has decided to add some more services to the already functional 'mfukono app' launched back in 2014.
The new service dubbed 'Mobile2Bank' was simply an addition to the various services already enjoyed by its customers.

Mobile2Bank .
As described by Chase Bank itself;
"Mobile2Bank is Chase Bank’s new business toolkit that will allow your business to receive monies, make payments,manage agency float and get credit facilities instantly from your business bank account."


Target customers
Mobile2Bank services are targeted to individual SMEs and Sole Proprietor form of businesses at the moment. Limited companies and partnerships will be covered latter with time.In summary, the target audience should be people in business and with existing business accounts or willing to open business accounts at the chase bank.You can continue to use mfukoni app services though if you are a chase bank customer with a personal account.

Mobile2Bank Features
The Mobile2Bank services will include; Making Payments through your mobile phone,Receiving payments directly into your bank account,Purchase agency float and apply for credit facilities(loans).

How can one access Mobile2Bank services
The services can be accessed through a chase bank micro site, mobile app(mfukoni app) or USSD code (*275#).

Getting started
If you wish to get more information about 'mobile2bank', contact Chase Bank on;
0709800000 or
0730175000

Loans To Buy Phones From Odyssey Capital Ltd Kenya

odyssey capital ltd loans

Odyssey capital Ltd kenya-'Accessing financing instantly' , a micro credit company based in Nairobi Kenya, is giving out loans specifically to enable Kenyans to get phones they admired for long.

See also Phones on credit from Gtel Kenya


How to apply for this loan.
If reside in Nairobi city, this loan is for you!Simple call 0791510501 for the terms and application process.

Barclays Bank Africa Is Here To Stay,Says CEO ,Maria Ramos.

Barclays bank management

Following the announcement by Barclays PLC CEO, Jes Staley, that Barclay bank may terminate it's services starting from March this year in Africa, last week, the CEO Barclays Africa Ltd, Maria Ramos, also came out clear to assure customers and employees that the bank is here to stay.
The Barclays bank of kenya through its Facebook account sent the following message to the public;
See why CEO Staley wants Barclays Banks in Africa closed!

A message to all Kenyans,
Barclays Africa is committed to Kenya. Barclays Bank Kenya is here to stay.

In 2013, we fulfilled our ambition to build a leading African bank when we brought together 12 banks across the continent and formed Barclays Africa. We put the future of this organisation firmly in our own hands.
There are five things I would like you to know about the Barclays Africa that we built:
1. We employ 42,000 people whom I am immensely proud to call my colleagues and friends.
2. We have over 12 million customers who trust us with their money in 12 countries across the continent.
3. We have significant reach in Africa with 1,251 branches and 10,378 ATMs.
4. We are a leading bank in all of the 12 markets in which we operate.
5. We are independently listed on the Johannesburg Stock Exchange and have a strong balance sheet of over $66 billion and are well capitalised.
Today Barclays PLC announced their intention to sell down their 62.3% stake in Barclays Africa over the coming two to three years. This announcement will not affect you, our customers, in any way and we at Barclays Bank Kenya will continue to serve you as we have done for over 100 years.
Our future as Barclays Africa is very bright and our ambition to be Africa’s leading bank remains unchanged. We are deeply committed to the communities in which we live and work and today, when we announced our financial results, I also said we will invest $93 million in education and skills development across Africa over the next three years. That commitment extends to the way we serve our customers. Nothing today’s announcements will make us deviate or change our course. We are neither exiting our operations in Kenya, nor the rest of our African markets.
Our destiny is Africa and our business is one of shared prosperity. We look forward to building a future and helping you, Kenya and Africa,Prosper.
Kind regards
Maria Ramos
CEO, Barclays Africa Group Ltd.