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
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 ------------
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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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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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-- ALVIN OCHOLA 0722-313923 www.greenline.co.ke
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
_______________________________________________ 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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Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
-- ALVIN OCHOLA 0722-313923 www.greenline.co.ke
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Guys, I am not one to just spew half-baked info for kicks. The post was done after hearing a BBC story last night which included interviews with Kenyans in the street asking them what they think now that Barclays is pulling out. The Barclays representative was not Kenyan based so maybe the stories from HQ and our branch are different, who knows? Regards, Mutinda. 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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Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
_______________________________________________ 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
-- ALVIN OCHOLA 0722-313923 www.greenline.co.ke
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-- Mutinda Kitana Project Manager GENIUSPHERE Cell: 0722-944455 -- Don’t worry about getting motivated. Just get going. ~ Borrowed
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
_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
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Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
-- ALVIN OCHOLA 0722-313923 www.greenline.co.ke
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-- Best Regards Jimmy Thuo
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
_______________________________________________ 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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Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
-- ALVIN OCHOLA 0722-313923 www.greenline.co.ke
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-- Best Regards Jimmy Thuo
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-- Lusiola Brian |3 R 1 /-\ |\|
They are exactly the same ... This Barclays story has been in the media for months now. Regards, 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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Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
-- ALVIN OCHOLA 0722-313923 www.greenline.co.ke
_______________________________________________ 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
_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
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-- Best Regards Jimmy Thuo
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-- Lusiola Brian |3 R 1 /-\ |\|
_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
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-- ALVIN OCHOLA 0722-313923 www.greenline.co.ke
One thing that is very likely to happen is retrenchment in addition to poaching from competitors and an exodus of employees. Retrenchment will lead to disgruntled employees, Cases of fraud and theft are likely to rise. Public perception has taken a negative turn. Customers are pulling out for fear of losing their money. So as much as we want to tell ourselves it will be business as usual and that the operations wont be affected much, it will be wise to watch cautiously from the side lines with your savings safely under the mattress or in any other bank. On Wed, Mar 2, 2016 at 9:30 AM, Brian L <lusiola@gmail.com> 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 >
_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
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_______________________________________________ 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
-- ALVIN OCHOLA 0722-313923 www.greenline.co.ke
_______________________________________________ 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
_______________________________________________ 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
-- Best Regards Jimmy Thuo
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-- Lusiola Brian |3 R 1 /-\ |\|
-- Best Regards Jimmy Thuo
I agree with Jimmy but in my opinion the pullout will be mainly because of the mistrust of banks like the example of the Imperial Bank. Account holders will be like ''better safe than sorry''. Employees will come next. On Wed, Mar 2, 2016 at 9:58 AM, Jimmy Thuo via skunkworks < skunkworks@lists.my.co.ke> wrote:
One thing that is very likely to happen is retrenchment in addition to poaching from competitors and an exodus of employees. Retrenchment will lead to disgruntled employees, Cases of fraud and theft are likely to rise. Public perception has taken a negative turn. Customers are pulling out for fear of losing their money. So as much as we want to tell ourselves it will be business as usual and that the operations wont be affected much, it will be wise to watch cautiously from the side lines with your savings safely under the mattress or in any other bank.
On Wed, Mar 2, 2016 at 9:30 AM, Brian L <lusiola@gmail.com> 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 >> > > _______________________________________________ > 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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Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
-- ALVIN OCHOLA 0722-313923 www.greenline.co.ke
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Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
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Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
-- Best Regards Jimmy Thuo
_______________________________________________ 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
-- Lusiola Brian |3 R 1 /-\ |\|
-- Best Regards Jimmy Thuo
_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
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-- ALVIN OCHOLA 0722-313923 www.greenline.co.ke
I think Mutinda is right and Barclays is selling their operations in Africa. They are selling their entire holding, which is 62% of Barclays Africa, meaning they will have no stake with whatever entity remains in Africa to carry on the current operations. Now 2 things will happen. One, they may strike a deal with whoever buys the stake and continue to use the Barclays brand. Two, a bigger bank like Stanchart may buy the stake and covert the Barclays brands in Africa to Stanchart. Either way, there will be serious job losses and migration to competitors. The stake is worht over USD 5 billion, so I don't smaller local banks can afford it. What we are hearing locally from Barclays in damage control. Whatever is happening is beyond their control and at this moment they can't give a definite position. But they don't want mass panic so they are saying nothing is going to change. Now to the issue of local shareholders: Their minority stake in Barclays operations such as the ones in Kenya, Uganda and other countries may be bought out by force by the new buyer or may be transferred to the whatever form of entity the new buyer establishes. If you have shares in Barclays, you may start thinking about what happens to them in a year or 2 years time when all this goes down. Think of this scenario as Kencell > Celtel > Zain > Airtel. Something always changes. On Wed, Mar 2, 2016 at 9:58 AM, Jimmy Thuo via skunkworks < skunkworks@lists.my.co.ke> wrote:
One thing that is very likely to happen is retrenchment in addition to poaching from competitors and an exodus of employees. Retrenchment will lead to disgruntled employees, Cases of fraud and theft are likely to rise. Public perception has taken a negative turn. Customers are pulling out for fear of losing their money. So as much as we want to tell ourselves it will be business as usual and that the operations wont be affected much, it will be wise to watch cautiously from the side lines with your savings safely under the mattress or in any other bank.
On Wed, Mar 2, 2016 at 9:30 AM, Brian L <lusiola@gmail.com> 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 >> > > _______________________________________________ > 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 >
_______________________________________________ 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
-- ALVIN OCHOLA 0722-313923 www.greenline.co.ke
_______________________________________________ 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
_______________________________________________ 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
-- Best Regards Jimmy Thuo
_______________________________________________ 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
-- Lusiola Brian |3 R 1 /-\ |\|
-- Best Regards Jimmy Thuo
_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
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@Phllip +1 On Wed, Mar 2, 2016 at 10:23 AM, Philip Musyoki via skunkworks < skunkworks@lists.my.co.ke> wrote:
I think Mutinda is right and Barclays is selling their operations in Africa. They are selling their entire holding, which is 62% of Barclays Africa, meaning they will have no stake with whatever entity remains in Africa to carry on the current operations.
Now 2 things will happen. One, they may strike a deal with whoever buys the stake and continue to use the Barclays brand. Two, a bigger bank like Stanchart may buy the stake and covert the Barclays brands in Africa to Stanchart. Either way, there will be serious job losses and migration to competitors. The stake is worht over USD 5 billion, so I don't smaller local banks can afford it.
What we are hearing locally from Barclays in damage control. Whatever is happening is beyond their control and at this moment they can't give a definite position. But they don't want mass panic so they are saying nothing is going to change.
Now to the issue of local shareholders: Their minority stake in Barclays operations such as the ones in Kenya, Uganda and other countries may be bought out by force by the new buyer or may be transferred to the whatever form of entity the new buyer establishes. If you have shares in Barclays, you may start thinking about what happens to them in a year or 2 years time when all this goes down.
Think of this scenario as Kencell > Celtel > Zain > Airtel. Something always changes.
On Wed, Mar 2, 2016 at 9:58 AM, Jimmy Thuo via skunkworks < skunkworks@lists.my.co.ke> wrote:
One thing that is very likely to happen is retrenchment in addition to poaching from competitors and an exodus of employees. Retrenchment will lead to disgruntled employees, Cases of fraud and theft are likely to rise. Public perception has taken a negative turn. Customers are pulling out for fear of losing their money. So as much as we want to tell ourselves it will be business as usual and that the operations wont be affected much, it will be wise to watch cautiously from the side lines with your savings safely under the mattress or in any other bank.
On Wed, Mar 2, 2016 at 9:30 AM, Brian L <lusiola@gmail.com> 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 >>> >> >> _______________________________________________ >> 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 >> > > > _______________________________________________ > 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 >
-- ALVIN OCHOLA 0722-313923 www.greenline.co.ke
_______________________________________________ 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
_______________________________________________ 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
-- Best Regards Jimmy Thuo
_______________________________________________ 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
-- Lusiola Brian |3 R 1 /-\ |\|
-- Best Regards Jimmy Thuo
_______________________________________________ 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
_______________________________________________ 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
-- Warm Regards, G. Karani
And QNB takes over, they've been looking to expand to Africa and already in Egypt and they have the muscle. As for the share, BUY now Kind Regards, Kennedy KK Mobile: +93 799 99 4235 / +254 721 69 9119 Home: +254 20 528 3207 Skype: k.kairu Gtalk: kkairu On Wed, Mar 2, 2016 at 12:01 PM, Geoffrey Karani via skunkworks < skunkworks@lists.my.co.ke> wrote:
@Phllip +1
On Wed, Mar 2, 2016 at 10:23 AM, Philip Musyoki via skunkworks < skunkworks@lists.my.co.ke> wrote:
I think Mutinda is right and Barclays is selling their operations in Africa. They are selling their entire holding, which is 62% of Barclays Africa, meaning they will have no stake with whatever entity remains in Africa to carry on the current operations.
Now 2 things will happen. One, they may strike a deal with whoever buys the stake and continue to use the Barclays brand. Two, a bigger bank like Stanchart may buy the stake and covert the Barclays brands in Africa to Stanchart. Either way, there will be serious job losses and migration to competitors. The stake is worht over USD 5 billion, so I don't smaller local banks can afford it.
What we are hearing locally from Barclays in damage control. Whatever is happening is beyond their control and at this moment they can't give a definite position. But they don't want mass panic so they are saying nothing is going to change.
Now to the issue of local shareholders: Their minority stake in Barclays operations such as the ones in Kenya, Uganda and other countries may be bought out by force by the new buyer or may be transferred to the whatever form of entity the new buyer establishes. If you have shares in Barclays, you may start thinking about what happens to them in a year or 2 years time when all this goes down.
Think of this scenario as Kencell > Celtel > Zain > Airtel. Something always changes.
On Wed, Mar 2, 2016 at 9:58 AM, Jimmy Thuo via skunkworks < skunkworks@lists.my.co.ke> wrote:
One thing that is very likely to happen is retrenchment in addition to poaching from competitors and an exodus of employees. Retrenchment will lead to disgruntled employees, Cases of fraud and theft are likely to rise. Public perception has taken a negative turn. Customers are pulling out for fear of losing their money. So as much as we want to tell ourselves it will be business as usual and that the operations wont be affected much, it will be wise to watch cautiously from the side lines with your savings safely under the mattress or in any other bank.
On Wed, Mar 2, 2016 at 9:30 AM, Brian L <lusiola@gmail.com> 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 >>>> >>> >>> _______________________________________________ >>> 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 >>> >> >> >> _______________________________________________ >> 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 >> > > > > -- > ALVIN OCHOLA > 0722-313923 > www.greenline.co.ke > > _______________________________________________ > 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 >
_______________________________________________ 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
-- Best Regards Jimmy Thuo
_______________________________________________ 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
-- Lusiola Brian |3 R 1 /-\ |\|
-- Best Regards Jimmy Thuo
_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
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_______________________________________________ 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
-- Warm Regards,
G. Karani
_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
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If Barclays were closing down I doubt they would say it. They would cite nebulous reasons like "Bank of England regulatory factors" and such. Why exit the market if its good ? -- Ndungi Kyalo On 2 March 2016 at 14:02, Kennedy Kairu Kariuki via skunkworks < skunkworks@lists.my.co.ke> wrote:
And QNB takes over, they've been looking to expand to Africa and already in Egypt and they have the muscle. As for the share, BUY now
Kind Regards,
Kennedy KK
Mobile: +93 799 99 4235 / +254 721 69 9119 Home: +254 20 528 3207 Skype: k.kairu Gtalk: kkairu
On Wed, Mar 2, 2016 at 12:01 PM, Geoffrey Karani via skunkworks < skunkworks@lists.my.co.ke> wrote:
@Phllip +1
On Wed, Mar 2, 2016 at 10:23 AM, Philip Musyoki via skunkworks < skunkworks@lists.my.co.ke> wrote:
I think Mutinda is right and Barclays is selling their operations in Africa. They are selling their entire holding, which is 62% of Barclays Africa, meaning they will have no stake with whatever entity remains in Africa to carry on the current operations.
Now 2 things will happen. One, they may strike a deal with whoever buys the stake and continue to use the Barclays brand. Two, a bigger bank like Stanchart may buy the stake and covert the Barclays brands in Africa to Stanchart. Either way, there will be serious job losses and migration to competitors. The stake is worht over USD 5 billion, so I don't smaller local banks can afford it.
What we are hearing locally from Barclays in damage control. Whatever is happening is beyond their control and at this moment they can't give a definite position. But they don't want mass panic so they are saying nothing is going to change.
Now to the issue of local shareholders: Their minority stake in Barclays operations such as the ones in Kenya, Uganda and other countries may be bought out by force by the new buyer or may be transferred to the whatever form of entity the new buyer establishes. If you have shares in Barclays, you may start thinking about what happens to them in a year or 2 years time when all this goes down.
Think of this scenario as Kencell > Celtel > Zain > Airtel. Something always changes.
On Wed, Mar 2, 2016 at 9:58 AM, Jimmy Thuo via skunkworks < skunkworks@lists.my.co.ke> wrote:
One thing that is very likely to happen is retrenchment in addition to poaching from competitors and an exodus of employees. Retrenchment will lead to disgruntled employees, Cases of fraud and theft are likely to rise. Public perception has taken a negative turn. Customers are pulling out for fear of losing their money. So as much as we want to tell ourselves it will be business as usual and that the operations wont be affected much, it will be wise to watch cautiously from the side lines with your savings safely under the mattress or in any other bank.
On Wed, Mar 2, 2016 at 9:30 AM, Brian L <lusiola@gmail.com> 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 >>>>> >>>> >>>> _______________________________________________ >>>> 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 >>>> >>> >>> >>> _______________________________________________ >>> 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 >>> >> >> >> >> -- >> ALVIN OCHOLA >> 0722-313923 >> www.greenline.co.ke >> >> _______________________________________________ >> 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 >> > > _______________________________________________ > 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 >
-- Best Regards Jimmy Thuo
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-- Lusiola Brian |3 R 1 /-\ |\|
-- Best Regards Jimmy Thuo
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-- Warm Regards,
G. Karani
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This is being looked at as a whole (Africa operations). It has operations in 12 countries with a total of 12m customer, 9m are SA only. Kenya has less than 1m, like 700K Kind Regards, Kennedy KK Mobile: +93 799 99 4235 / +254 721 69 9119 Home: +254 20 528 3207 Skype: k.kairu Gtalk: kkairu On Wed, Mar 2, 2016 at 4:03 PM, Ndungi Kyalo <ndungi@gmail.com> wrote:
If Barclays were closing down I doubt they would say it. They would cite nebulous reasons like "Bank of England regulatory factors" and such. Why exit the market if its good ?
-- Ndungi Kyalo
On 2 March 2016 at 14:02, Kennedy Kairu Kariuki via skunkworks < skunkworks@lists.my.co.ke> wrote:
And QNB takes over, they've been looking to expand to Africa and already in Egypt and they have the muscle. As for the share, BUY now
Kind Regards,
Kennedy KK
Mobile: +93 799 99 4235 / +254 721 69 9119 Home: +254 20 528 3207 Skype: k.kairu Gtalk: kkairu
On Wed, Mar 2, 2016 at 12:01 PM, Geoffrey Karani via skunkworks < skunkworks@lists.my.co.ke> wrote:
@Phllip +1
On Wed, Mar 2, 2016 at 10:23 AM, Philip Musyoki via skunkworks < skunkworks@lists.my.co.ke> wrote:
I think Mutinda is right and Barclays is selling their operations in Africa. They are selling their entire holding, which is 62% of Barclays Africa, meaning they will have no stake with whatever entity remains in Africa to carry on the current operations.
Now 2 things will happen. One, they may strike a deal with whoever buys the stake and continue to use the Barclays brand. Two, a bigger bank like Stanchart may buy the stake and covert the Barclays brands in Africa to Stanchart. Either way, there will be serious job losses and migration to competitors. The stake is worht over USD 5 billion, so I don't smaller local banks can afford it.
What we are hearing locally from Barclays in damage control. Whatever is happening is beyond their control and at this moment they can't give a definite position. But they don't want mass panic so they are saying nothing is going to change.
Now to the issue of local shareholders: Their minority stake in Barclays operations such as the ones in Kenya, Uganda and other countries may be bought out by force by the new buyer or may be transferred to the whatever form of entity the new buyer establishes. If you have shares in Barclays, you may start thinking about what happens to them in a year or 2 years time when all this goes down.
Think of this scenario as Kencell > Celtel > Zain > Airtel. Something always changes.
On Wed, Mar 2, 2016 at 9:58 AM, Jimmy Thuo via skunkworks < skunkworks@lists.my.co.ke> wrote:
One thing that is very likely to happen is retrenchment in addition to poaching from competitors and an exodus of employees. Retrenchment will lead to disgruntled employees, Cases of fraud and theft are likely to rise. Public perception has taken a negative turn. Customers are pulling out for fear of losing their money. So as much as we want to tell ourselves it will be business as usual and that the operations wont be affected much, it will be wise to watch cautiously from the side lines with your savings safely under the mattress or in any other bank.
On Wed, Mar 2, 2016 at 9:30 AM, Brian L <lusiola@gmail.com> 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 >>>>>> >>>>> >>>>> _______________________________________________ >>>>> 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 >>>>> >>>> >>>> >>>> _______________________________________________ >>>> 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 >>>> >>> >>> >>> >>> -- >>> ALVIN OCHOLA >>> 0722-313923 >>> www.greenline.co.ke >>> >>> _______________________________________________ >>> 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 >>> >> >> _______________________________________________ >> 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 >> > > > > -- > Best Regards > Jimmy Thuo > > _______________________________________________ > 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 >
-- Lusiola Brian |3 R 1 /-\ |\|
-- Best Regards Jimmy Thuo
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_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
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-- Warm Regards,
G. Karani
_______________________________________________ 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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KCB hints at buying stake in Barclays http://www.standardmedia.co.ke/business/article/2000193664/kcb-hints-at-buyi... Well, we cannot rule out anything... On Wed, Mar 2, 2016 at 3:52 PM, Kennedy Kairu Kariuki via skunkworks < skunkworks@lists.my.co.ke> wrote:
This is being looked at as a whole (Africa operations). It has operations in 12 countries with a total of 12m customer, 9m are SA only. Kenya has less than 1m, like 700K
Kind Regards,
Kennedy KK
Mobile: +93 799 99 4235 / +254 721 69 9119 Home: +254 20 528 3207 Skype: k.kairu Gtalk: kkairu
On Wed, Mar 2, 2016 at 4:03 PM, Ndungi Kyalo <ndungi@gmail.com> wrote:
If Barclays were closing down I doubt they would say it. They would cite nebulous reasons like "Bank of England regulatory factors" and such. Why exit the market if its good ?
-- Ndungi Kyalo
On 2 March 2016 at 14:02, Kennedy Kairu Kariuki via skunkworks < skunkworks@lists.my.co.ke> wrote:
And QNB takes over, they've been looking to expand to Africa and already in Egypt and they have the muscle. As for the share, BUY now
Kind Regards,
Kennedy KK
Mobile: +93 799 99 4235 / +254 721 69 9119 Home: +254 20 528 3207 Skype: k.kairu Gtalk: kkairu
On Wed, Mar 2, 2016 at 12:01 PM, Geoffrey Karani via skunkworks < skunkworks@lists.my.co.ke> wrote:
@Phllip +1
On Wed, Mar 2, 2016 at 10:23 AM, Philip Musyoki via skunkworks < skunkworks@lists.my.co.ke> wrote:
I think Mutinda is right and Barclays is selling their operations in Africa. They are selling their entire holding, which is 62% of Barclays Africa, meaning they will have no stake with whatever entity remains in Africa to carry on the current operations.
Now 2 things will happen. One, they may strike a deal with whoever buys the stake and continue to use the Barclays brand. Two, a bigger bank like Stanchart may buy the stake and covert the Barclays brands in Africa to Stanchart. Either way, there will be serious job losses and migration to competitors. The stake is worht over USD 5 billion, so I don't smaller local banks can afford it.
What we are hearing locally from Barclays in damage control. Whatever is happening is beyond their control and at this moment they can't give a definite position. But they don't want mass panic so they are saying nothing is going to change.
Now to the issue of local shareholders: Their minority stake in Barclays operations such as the ones in Kenya, Uganda and other countries may be bought out by force by the new buyer or may be transferred to the whatever form of entity the new buyer establishes. If you have shares in Barclays, you may start thinking about what happens to them in a year or 2 years time when all this goes down.
Think of this scenario as Kencell > Celtel > Zain > Airtel. Something always changes.
On Wed, Mar 2, 2016 at 9:58 AM, Jimmy Thuo via skunkworks < skunkworks@lists.my.co.ke> wrote:
One thing that is very likely to happen is retrenchment in addition to poaching from competitors and an exodus of employees. Retrenchment will lead to disgruntled employees, Cases of fraud and theft are likely to rise. Public perception has taken a negative turn. Customers are pulling out for fear of losing their money. So as much as we want to tell ourselves it will be business as usual and that the operations wont be affected much, it will be wise to watch cautiously from the side lines with your savings safely under the mattress or in any other bank.
On Wed, Mar 2, 2016 at 9:30 AM, Brian L <lusiola@gmail.com> 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 >>>>>>> >>>>>> >>>>>> _______________________________________________ >>>>>> 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 >>>>>> >>>>> >>>>> >>>>> _______________________________________________ >>>>> 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 >>>>> >>>> >>>> >>>> >>>> -- >>>> ALVIN OCHOLA >>>> 0722-313923 >>>> www.greenline.co.ke >>>> >>>> _______________________________________________ >>>> 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 >>>> >>> >>> _______________________________________________ >>> 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 >>> >> >> >> >> -- >> Best Regards >> Jimmy Thuo >> >> _______________________________________________ >> 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 >> > > > > -- > Lusiola Brian > |3 R 1 /-\ |\| > >
-- Best Regards Jimmy Thuo
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-- Warm Regards,
G. Karani
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Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
-- Warm Regards, G. Karani
eeh this Barclays situation is very poorly managed , they want to sell their controlling stake , meaning the new big boy can change the name (if i'm not wrong) , and as someone noted , guys are transfering accounts , please remember these are kenyans who just woke up to the imperial bank scandal ,so guys are jittery , and with this it means by the time they get buyers to the tables they will have less than what they should ideally be having in terms of numbers. But i hope a local bank will take over , equity ,CBA , family bank,coop ,KCB etc On Thu, Mar 3, 2016 at 11:45 AM, Geoffrey Karani via skunkworks < skunkworks@lists.my.co.ke> wrote:
KCB hints at buying stake in Barclays
http://www.standardmedia.co.ke/business/article/2000193664/kcb-hints-at-buyi...
Well, we cannot rule out anything...
On Wed, Mar 2, 2016 at 3:52 PM, Kennedy Kairu Kariuki via skunkworks < skunkworks@lists.my.co.ke> wrote:
This is being looked at as a whole (Africa operations). It has operations in 12 countries with a total of 12m customer, 9m are SA only. Kenya has less than 1m, like 700K
Kind Regards,
Kennedy KK
Mobile: +93 799 99 4235 / +254 721 69 9119 Home: +254 20 528 3207 Skype: k.kairu Gtalk: kkairu
On Wed, Mar 2, 2016 at 4:03 PM, Ndungi Kyalo <ndungi@gmail.com> wrote:
If Barclays were closing down I doubt they would say it. They would cite nebulous reasons like "Bank of England regulatory factors" and such. Why exit the market if its good ?
-- Ndungi Kyalo
On 2 March 2016 at 14:02, Kennedy Kairu Kariuki via skunkworks < skunkworks@lists.my.co.ke> wrote:
And QNB takes over, they've been looking to expand to Africa and already in Egypt and they have the muscle. As for the share, BUY now
Kind Regards,
Kennedy KK
Mobile: +93 799 99 4235 / +254 721 69 9119 Home: +254 20 528 3207 Skype: k.kairu Gtalk: kkairu
On Wed, Mar 2, 2016 at 12:01 PM, Geoffrey Karani via skunkworks < skunkworks@lists.my.co.ke> wrote:
@Phllip +1
On Wed, Mar 2, 2016 at 10:23 AM, Philip Musyoki via skunkworks < skunkworks@lists.my.co.ke> wrote:
I think Mutinda is right and Barclays is selling their operations in Africa. They are selling their entire holding, which is 62% of Barclays Africa, meaning they will have no stake with whatever entity remains in Africa to carry on the current operations.
Now 2 things will happen. One, they may strike a deal with whoever buys the stake and continue to use the Barclays brand. Two, a bigger bank like Stanchart may buy the stake and covert the Barclays brands in Africa to Stanchart. Either way, there will be serious job losses and migration to competitors. The stake is worht over USD 5 billion, so I don't smaller local banks can afford it.
What we are hearing locally from Barclays in damage control. Whatever is happening is beyond their control and at this moment they can't give a definite position. But they don't want mass panic so they are saying nothing is going to change.
Now to the issue of local shareholders: Their minority stake in Barclays operations such as the ones in Kenya, Uganda and other countries may be bought out by force by the new buyer or may be transferred to the whatever form of entity the new buyer establishes. If you have shares in Barclays, you may start thinking about what happens to them in a year or 2 years time when all this goes down.
Think of this scenario as Kencell > Celtel > Zain > Airtel. Something always changes.
On Wed, Mar 2, 2016 at 9:58 AM, Jimmy Thuo via skunkworks < skunkworks@lists.my.co.ke> wrote:
> One thing that is very likely to happen is retrenchment in addition > to poaching from competitors and an exodus of employees. Retrenchment will > lead to disgruntled employees, Cases of fraud and theft are likely to rise. > Public perception has taken a negative turn. Customers are pulling out for > fear of losing their money. So as much as we want to tell ourselves it will > be business as usual and that the operations wont be affected much, it will > be wise to watch cautiously from the side lines with your savings safely > under the mattress or in any other bank. > > On Wed, Mar 2, 2016 at 9:30 AM, Brian L <lusiola@gmail.com> 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 >>>>>>>> >>>>>>> >>>>>>> _______________________________________________ >>>>>>> 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 >>>>>>> >>>>>> >>>>>> >>>>>> _______________________________________________ >>>>>> 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 >>>>>> >>>>> >>>>> >>>>> >>>>> -- >>>>> ALVIN OCHOLA >>>>> 0722-313923 >>>>> www.greenline.co.ke >>>>> >>>>> _______________________________________________ >>>>> 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 >>>>> >>>> >>>> _______________________________________________ >>>> 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 >>>> >>> >>> >>> >>> -- >>> Best Regards >>> Jimmy Thuo >>> >>> _______________________________________________ >>> 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 >>> >> >> >> >> -- >> Lusiola Brian >> |3 R 1 /-\ |\| >> >> > > > -- > Best Regards > Jimmy Thuo > > _______________________________________________ > 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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G. Karani
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-- GG
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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-- Best Regards Jimmy Thuo
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participants (12)
-
Alvin Jason Ochieng -
Brian L -
geoffrey gitagia -
Geoffrey Karani -
Jared Koyier -
Jimmy Thuo -
Kennedy Kairu Kariuki -
Michael Bullut -
Mutinda Kitana -
Ndungi Kyalo -
Philip Musyoki -
Stephen Wanjau