Further, It appears (according to this <http://www.bbc.com/news/business-35695601>) that Barclays is pulling out of other emerging markets like Brazil and Asia. My view is that it is hard for them to survive in a climate where businesses grow naturally. Their business model hadn't changed enough since colonial times. Back before independence when companies had astonishing profits because they paid locals next to nothing and had land assets they either never paid for or purchased for very little. When you have customers like those of course you'll thrive. And despite Equity and others efforts to bank the unbanked, smaller depositors have never quite warmed up to Big Bank so mobile banking is what is now expanding at a dizzying rate. Mutinda. On Wed, Mar 2, 2016 at 9:30 AM, Brian L via skunkworks < skunkworks@lists.my.co.ke> wrote:
There is too much speculation and different stories regarding Barclays in Africa operations.
Before you dismiss Mutinda;
http://www.bbc.com/news/business-35695601
and
http://www.bbc.com/news/business-35695164
Are in the headlines.
All the other information is coming from the local camp, like the x file...the truth is out there
On Wed, Mar 2, 2016 at 1:20 PM, Jimmy Thuo via skunkworks < skunkworks@lists.my.co.ke> wrote:
Before we rush to dismiss Mutinda, lets wait and see what happens. A lot of factors may come into play that may leave the bank on its knees. Already a good number of people have migrated their accounts to other banks.
On Wed, Mar 2, 2016 at 8:11 AM, Michael Bullut via skunkworks < skunkworks@lists.my.co.ke> wrote:
I have a cousin who works at Barclays South Africa & she informs me this will not impact day to day running of the bank. The bank will certainly not close down. If it is to be sold, it will be as a going concern.
Sent on the run, Please excuse errors & omissions! On 2 Mar 2016 07:35, "Alvin Jason Ochieng via skunkworks" < skunkworks@lists.my.co.ke> wrote:
lol! Mutinda my good friend information is indeed power !
On Wed, Mar 2, 2016 at 6:14 AM, Stephen Wanjau via skunkworks < skunkworks@lists.my.co.ke> wrote:
Ignorance finally flaps its wings on Skunkworks.
Stephen Wanjau
Tel:+254 722 238 165 | Skype ID: mana.nas | Twitter ID: uwanja <http://www.twitter.com/uwanja> |
*It is within reach. Believe it. *
On Tue, Mar 1, 2016 at 10:46 PM, Jared Koyier via skunkworks < skunkworks@lists.my.co.ke> wrote:
How about you get all your facts right first before making an ill informed post. They say they are reducing their stake to a non controlling position and the decision is influenced by bank of England regulatory factors. On Mar 1, 2016 10:32 PM, "Mutinda Kitana via skunkworks" < skunkworks@lists.my.co.ke> wrote:
> Haiya, > > Have you guys heard? Barclays has bowed out of Africa. A chilling > reminder that global banks aren't out of the woods just yet! > > Regards, > > -- > Mutinda Kitana > P.O. Box 55141-00200 > Nairobi. > Tel: +254-722944455 > > _______________________________________________ > skunkworks mailing list > skunkworks@lists.my.co.ke > ------------ > List info, subscribe/unsubscribe > http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks > ------------ > > Skunkworks Rules > http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 > ------------ > Other services @ http://my.co.ke >
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