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RIBA CAPITAL

• November 05, 2009
• 4:29

  Safaricom financial results…. still minting

   » ‎ RIBA CAPITAL

  Key highlights of the  period ended 30th Sept 2009.

  - The active subscribers increased from 11.96M to 14.51M by 21.4% and around 77.5% market share.
  - M-PESA now has 7.99M registered users almost doubling from 4.14M last year.
  - Revenues hit Kes:40.7Bn from Kes:34.5Bn last year
  - Data services which include SMS and M-PESA almost doubled to Kes:7.20Bn
  - Profit After Tax hit Kes:6.63Bn from Kes:6.22Bn last year.
  - Capital expenditure was down however to Kes:8.53Bn from Kes:10.04Bn last year.
  - Bringing total capital investment since inception of Safcom to Kes:128.3Bn.

  Concerns:
  Increased competition from the other three mobile players and more data players, a challenging regulatory regime, persistently high inflation (reducing disposable income and increasing operating expenses), increasing power/energy costs, declining voice ARPUs and higher costs of funding as key challenges.

  Opportunities:
  Expect significant growth from data services and plans to continue spending aggressively on its network in order to maintain its market position and offer new voice and data (incl. MPESA) products.

  Download here the complete release from Safaricom.

  
• November 03, 2009
• 14:08

  BOC Gases and Carbacid back at the NSE..

   » ‎ RIBA CAPITAL

  After the lapsed bid for Carbacid, both Carbacid and BOC Gases resume trading on NSE  on Wednesday with much anticipation from shareholders.

  BOC’s shares were last traded on 2nd Dec 2005 at a price of Kes:160 and those of Carbacid at 137 .

  Below for more details and here are the financial results from BOC gases.

  
• September 29, 2009
• 16:59

  Africa Top 10 Internet Countries…

   » ‎ RIBA CAPITAL

  According to these stats, Internet penetration is at 6.7% with Africa accounting for only 3.9% of the world’s internet users.  Whats more Kenya scores fewer internet users than Sudan. Though we cannot ignore the fact that Sudan’s population is higher than Kenya’s and that their economy is also larger.

  But hopefully these numbers will shoot higher if the promised reduction in internet access prices materialize eventually.

  Anyway this means if am looking at starting an online business in Kenya my potential market is currently at only 3.4M and thats assuming full market penetration for ‘my business’.  Now to put this into perspective, the same report claims that China has over 338M users and India has 81M.

  
• September 24, 2009
• 5:38

  Central Banks leave key lending rates unchanged….

   » ‎ RIBA CAPITAL

  The South African Reserve Bank left the Repo Rate unchanged at 7%, while the Kenyan Central Bank also decided to leave the CBR unchanged at 7.75%.

  The difference here only being that South African banks actually benchmark the lending rate based on the Prime Rate which is 10.5% (Repo rate of 7% + 3.5%). While Kenya’s CBR is almost ceremonial and mostly just an indication of what the Central Bank would like banks to do as opposed to a market based benchmark.

  The decision by CBK to leave rates unchanged was based on the impact of drought on Kenya’s economic performance and the slow growth in private sector credit.

  Here is Prof Ndungu’s press release after the monetary policy meeting yesterday.

  Updated on 29th Sept: Download the final press release from the CBK here, which has a detailed outlook of the Kenyan economy from the eyes of the Central bank economists.

  
• September 19, 2009
• 5:21

  Kenyan Tea Prices on a steady rise…

   » ‎ RIBA CAPITAL

  Kenyan tea prices have hit record highs at the past few week’s auctions in Mombasa on drought fears ahead of Ramadan, when trading in Islamic countries falls sharply and consumption rises but improved quality and overall tight world supply also contributed.

  This demand is being driven by Middle East countries. And what’s more most of the tea offered for auction is actually being sold off at these high prices.
  The average price for Best BP1s hit $4.03 per kg, up from a previous high of $3.97 reached in August. Tea offered at the weekly auction in Mombasa has fetched higher prices this year with buyers stocking up as drought in the world’s biggest exporter of black tea hit production. These prices are almost reaching the records of 1996 and 1997.

  This might as well be reflected in the next financial reporting period of the listed tea companies. Which include Williamson Tea, Sasini Tea & Coffee, Kapchorua Tea and Limuru Tea among others.

  Reason for the short-term optimism:
  - The Shilling is still weak against the US dollar at about Kes 75-78 to the $.
  - Tea prices at their highest in almost 10 years
  - Increased Govt. investment in the tea industry.

  More on this from Nation Media and Bloomberg.

  
• September 14, 2009
• 6:57

  KenolKobil and Engen in Zimbabwe Joint Venture..

   » ‎ RIBA CAPITAL

  Engen, South Africa’s leading refined petroleum products company, and KenolKobil , the largest indigenous African petroleum marketing company in the East and Central African Region, have signed a sale and purchase agreement to jointly acquire all the shares in Shell Zimbabwe and BP Zimbabwe.

  The acquired entities were previously operated by BP on behalf of the joint venture which marketed under both the BP and Shell brands in Zimbabwe.

  With this transaction, Engen and KenolKobil have acquired the best developed assets in the oil industry in Zimbabwe, consisting of more than 75 service stations spread across the country, as well as several depots, located in Harare, Bulawayo,Mutare, Gweru and other major towns in Zimbabwe.

  This seems a good move especially if the coalition govt. in Zimbabwe can hold it together and emerge as a better  run country which would only mean an upside for KenolKobil and with this move now KenolKobil has a footprint in East, Central and Southern Africa Regions.

  The acquisition is in line with KenolKobil’s expansionary plans, as evidenced by the recent entry into Burundi where they acquired from Engen in Burundi; Oil Burundi Limited.

  KenolKobil was suspended from the NSE today as this transaction takes place.

  Post based on KenolKobil press release to be found here from KenolKobil and here the softcopy for download.

  
• 6:33

  Zain sells 46% to Indian/Malaysian consortium for $13.7Bn

   » ‎ RIBA CAPITAL

  Kuwait based Zain which operates in 24 countries and has nearly 70M mobile subscribers has signed a $13.7Bn deal, transferring a 46 per cent ownership of the company (Zain Group) to an Indian/Malaysian telecoms consortium.

  The buying consortium is led by  India’s conglomerate Vavasi Group and Syed Mokhtar al-Bukhary, a Malaysian billionaire. This sounds like another name change is on the cards.

  Its now not clear if the Zain Group is still interested in selling off its African assets as reported here.

  Although separate reports indicated that the Zain Africa sale seems to be still on, but Morocco and Sudan businesses will not be up for sale in the Africa assets batch. Which after Vivendi walked out of a deal is now in talks with Reliance Communications of India.
  But this will depend on whether these new shareholders are willing to let go those ‘valuable’ African assets, or prefer to reinvest in them and grow the businesses. More details here.

  
• September 08, 2009
• 14:59

  KenGen Bond Information Memorandum

   » ‎ RIBA CAPITAL
  KenGen Bond Information Memorandum
• 8:28

  KenGen Bond Information Memorandum

   » ‎ RIBA CAPITAL

  Here the KenGen 10 year public infrastructure bond offer Information Memorandum

  

  
• September 04, 2009
• 4:02

  Relevance of Kenyan Uni. syllabus…

   » ‎ RIBA CAPITAL
  Just thot today I should deviate from my usual posts topics; Btw today is casual friday, normally the first friday of each September where you buy a sticker for R10 around Kes80 and all proceeds go to the disabled, and you get to dress in casual. Being a banker this is a big thing. lol
  I graduated from Nairobi University, a few years back, when VB was the in thing thats before .Net and all other good things that followed. But ofcourse at UoN we didn’t study VB, well its was eventually introduced, but by then I had finished the unit and moved on. So I studied MS Dos.. and no I was not there in the 90’s or 80’s its post 2K(u can try figure my age range from this).. So I learnt MS Dos which of course I have never used. But my point is, Insead a top European MBA destination university is holding a global information session in Second Life..If you don’t know second life.. its a 3D virtual world, where you create your own avatar., and can shop, buy stuff, meet people.. etc.. here is the link. Ok.. lets assume secondlife is too far fetched for our local universities, because you also require decent bandwidth and a good computer to access.
  Here in SA, there was a discussion with a music lecturer in Wits University and she was preparing a paper on AutoTunes. No, her motivation was not Jay Z’s song death of autotunes, but the fact that music is now turning very mechanical and no longer does it matter how well a musician can sing, since the voice can be digitally enhanced. This got me thinking.. I hope the syllabus at our Universities and schools has moved to include more than Nyatiti and Sukuti drums, yes they should be taught but we should also be relevant and teach what is current so that our graduates are relevant. Anyway, this was juts my 2 cents ..
  
• August 31, 2009
• 14:31

  Unbundling of CFC Stanbic Holdings…

   » ‎ RIBA CAPITAL
  Unbundling of CFC Stanbic Holdings…
• 14:31

  Unbundling of CFC Stanbic Holdings…

   » ‎ RIBA CAPITAL

  Plans are to be underway to unbundle CFC Stanbic holdings and potentially create more value for investors.

  CFCStanbic is the holding company of: CFC Stanbic Bank Limited, CFC Stanbic Financial Services Limited, CFC Life Assurance Limited and The Heritage Insurance Company Limited .

  This might be done by CFCStanbic offloading some of its shareholding in Heritage Insurance and CFC Life and listing these as separate entities, or even merging both and lisiting them as a separate general Insurance business.
  The group plans to do this by offloading some of their stake to a strategic Investor.

  Standard Bank Group the parent of CFCStanbic is the largest South African banking group ranked by assets and earnings and operates a financial services supermarket in South Africa, with interests in Insurance through Liberty Life and could possibly introduce it in Kenya by chopping up CFCStanbic, and reinvesting in them through Liberty Life.

  CFC Stanbic was formed in June 2008 out of a merger of Stanbic Bank Kenya and CFC Bank. The entity is now Kenya’s  fourth largest bank measured by total assets.
  CFCStanbic bank reported a 5 percent rise in pretax profit for the first half of 2009.
  While CFC Stanbic Financial Services reported a Sh51 million loss for the first six months of 2009 .

  I will closely watch this transaction toas my hodling in this company have been under water for sometime now.

  Find here the Cautionary Statement provided by the group MD.
  And here for the Half year finacial results released recently.
  Fact Sheet on Standard Bank Group.

  Note: I hold shares in CFC Stanbic

  
• August 29, 2009
• 6:15

  National Insurance Corporation Ltd (NIC) Uganda IPO...

   » ‎ RIBA CAPITAL
  National Insurance Corporation Ltd (NIC) Uganda IPO...
• 6:15

  National Insurance Corporation Ltd (NIC) Uganda IPO…

   » ‎ RIBA CAPITAL

  NIC Uganda is a leading provider of insurance and risk management services in Uganda.
  Established by an Act of Parliament in 1964 with the Govt of Uganda holding 100% of the shares.

  In June 2005, the Govt of Uganda divested 60% of its shares in NIC to Industrial and General Insurance Company Limited (IGI) of Nigeria. IGI along with its partners formed an investment vehicle Corporate Holdings Ltd to take up the offer. The shareholding of Corporate Holdings comprises 85% IGI, while 15% belongs to a local Ugandan businessman Patrick Bitature and Erik van Veen a South African employed by MTN and paid over Shs 6.2bn (around $ 3.625M) for the 60% stake.

  IGI is a privately-owned Nigerian Insurer and claims to be the largest privately owned insurance company in West Africa.

  The Govt of Uganda retained a 40% interest in NIC which is to be listed as it fully divests from this entity. Part of this stake will be sold to NIC staff through a share ownership scheme.
  NIC Uganda is listed in Class III of the Public Enterprise Reform and Divestiture Act. And in line with the Ugandan government’s policy of privatisation implemented in 1993, this firm should be fully divested as its considered non-core to Govt activities.

  After the sale of NIC to IGI an agreement was signed in June 2005. For the government to divest the remaining 40% shareholding by way of IPO within the next 18 months. Which is yet to happen 4 years later. This IPO has been postponed numerous times, with the most recent being July 2009 after it emerged that the Uganda Securities Exchange has not yet approved NIC’s application.

  The Merchant Bank of East Africa (MBEA) Uganda and Databank of Ghana are the lead transaction brokers for this NIC listing, if it eventually takes place.

  More articles on this listing. UNAA Times and New Vision Ug.

• August 27, 2009
• 14:57

  :::KenolKobil Acquires in Burundi:::

   » ‎ RIBA CAPITAL
  :::KenolKobil Acquires in Burundi:::
• 14:57

  KenolKobil Acquires in Burundi…

   » ‎ RIBA CAPITAL

  Statement from KenolKobil .

  KenolKobil has signed a Sales and Purchase Agreement to buy the entire shareholding of Oil Burundi S.A., which is owned by Engen International Holdings (Mauritius) Limited. Through the signing of the purchase agreement, KenolKobil has effectively established its sixth subsidiary outside Kenya, Kobil Burundi S.A., with the others being Kobil Uganda, Kobil Tanzania, Kobil Rwanda, Kobil Zambia and Kobil Ethiopia.

  The newly-acquired outfit is the leading distributor of Lubricants in Burundi, supplying to several key commercial customers, and therefore provides an ideal platform for the company to grow the market share of its Kobil Lubricants brand. The outfit has also been engaged in the supply of white products to independent service stations in Burundi.

  At the same time, the company has acquired all the three (3) service stations branded SONITRA in Burundi – two of them in Bujumbura and the other in Kanyaru, towards the border with Rwanda.

  Prior to these acquisitions, KenolKobil has been exporting white products and lubricants to the market, and the new subsidiary opens up further supply opportunities through Tanzania. The Tanzanian supply corridor has in recent times been the most reliable and effective route that oil marketing companies have been relying on for supplies to Uganda, Rwanda, Eastern Democratic Republic of Congo due to the Refinery and Pipeline and Storage unreliable distribution performance in Kenya, and is set to develop even further.

  Owing to the KPC problems, limited capacity in the KOSF, non-availability of products in Western Kenya and poor performance of Kenya Petroleume Refinery , Burundi like others , has shifted most of its imports to Dar. In establishing this subsidiary, KenolKobil intends to enhance its use of the Tanzanian facilities to supply Burundi.

  In this acquisition, KenolKobil completes its presence in the East African Community (EAC) trading block. Through the new acquisition, Kobil Burundi has acquired the rights to import, store and distribute products in the only depot in Bujumbura, SOCIETE D’ENTREPOSAGE PETROLIER AU BURUNDI (SEP Burundi) Depot. Kobil Burundi will further enhance the KenolKobil Group’s to the South Eastern Democratic Republic of Congo, through the towns of Kigoma and Uvira.

  As was the case in Rwanda which was established from scratch to a market leader with over 35% market share, the Group has a lot of confidence in its new investment in Burundi, and is on the look-out for more growth opportunities in that country, both through organic growth and through acquisitions and buy-offs when strategic opportunities arise. Here is the company’s statement to the NSE.

• August 25, 2009
• 14:06

  Big Mac Index: Purchasing Power

   » ‎ RIBA CAPITAL
  Big Mac Index: Purchasing Power
• August 23, 2009
• 6:48

  ::: Finally the eagle has landed:::

   » ‎ RIBA CAPITAL
  ::: Finally the eagle has landed:::
• August 21, 2009
• 1:23

  ::: Kenya Data Networks is a South African firm:::

   » ‎ RIBA CAPITAL
  ::: Kenya Data Networks is a South African firm:::
• 1:23

  ::: Kenya Data Networks is a South African firm:::

   » ‎ RIBA CAPITAL

  Technology group Altech said it has acquired an 8.5% stake in the East Africa Marine System (Teams) data cable via its subsidiary Kenya Data Networks (KDN).
  The 5 000km, $130m undersea fibre-optic cable project is being spearheaded by the Kenyan government and stretches from Mombasa to Fujairah in the United Arab Emirates.

  The $11m investment by Altech KDN bought it a 10% voting right along with the effective 8.5% equity stake in Teams. Altech said it will fund its portion of the purchase price from cash reserves.

  Said Altech CEO Craig Venter: “Africa is in the infancy stages of a sustained growth trajectory in broadband across multiple technologies, services and geographies. The acquisition of a stake in Teams complements KDN’s strategy of being a cross-border, Pan African network operator.

  “Shareholders in Teams will be allocated cable capacity proportionate to shareholding. KDN’s stake will thus grant us access to additional bandwidth, provision for redundancy of broadband connectivity and significantly increase KDN’s service quality, all the while unlocking a wide range of additional services for the group as a whole,” he said.

  KDN is 60.8% held by Altech. (Merali seems to have sold down his stake considerably.)

  Altech said that, with terrestrial fibre laid in Kenya, Uganda and soon Rwanda, the acquisition of a stake in Teams is a perfect fit for KDN’s plans.

  In August 2008, KDN became the first ICT company to construct a termination point at the Kenyan coast in anticipation of the landing of East Africa’s three international undersea cables.

  KDN said its fibre-optic cable will connect the undersea cables that land in Mombasa to the rest of East Africa, creating a five-country, fibre-optic terrestrial network linking Kenya, Tanzania, Uganda, Rwanda and the DRC.
  Altech also predicted cost savings from the investment.
  It said the price for satellite connectivity is $1 900 per Mbps per month in Africa, whereas the expected price for submarine cable connectivity drops dramatically to $90 per Mbps per month. This cost is anticipated to decline even further to $27 per Mbps per month by 2020.

  -Courtesy of Fin24.com

  Is Merali selling off most of his investments, he is now only holding a 5% stake in Zain.
  Who says South African firms are not taking over and being successful in a few industries in Kenya.
  

  
• August 18, 2009
• 14:39

  :::Complaints Handling Unit by the NSE:::

   » ‎ RIBA CAPITAL
  :::Complaints Handling Unit by the NSE:::
• 14:39

  :::Complaints Handling Unit by the NSE:::

   » ‎ RIBA CAPITAL

  The new Complaints Handling Unit by the NSE was set up today.
  The promise is that they will solve our problems and fast at that.

  Investors now have a one stop point of reference to have their problems received and resolved quickly and efficiently. The Complaints Handling Unit (CHU) is centralised and automated system that ensures issues are handled fast. he Nairobi Stock Exchange(NSE) in collaboration with the Capital Markets Authority (CMA) and the Central Depository and Settlement Corporation (CDSC) have come together to make your stock market experience positive and problem free.

  Log onto: [complaints.nse.co.ke]
  Call: 020 2831000 Fax: 020 2224200
  Here is the speech by the NSE chairman Eddy Njoroge during the Launch of Complaints Handling Unit (CHU).

  Lets hope this initiative is for real and does not die out as investors start trickling back to the NSE.
  All in all its a good step if all departments actually action the queries as people log them.
  

• August 14, 2009
• 13:52

  ::: Central Bank of Nigeria fires 5 bank CEO's:::

   » ‎ RIBA CAPITAL
  ::: Central Bank of Nigeria fires 5 bank CEO's:::
• 13:52

  ::: Central Bank of Nigeria fires 5 bank CEO’s:::

   » ‎ RIBA CAPITAL

  The Central Bank of Nigeria has moved to inject N400 billion(about $2.5Bn) into five banks in the country following the decision to remove the CEOs and executive directors of the affected banks. The affected institutions are Intercontinental Bank Plc, Union Bank of Nigeria Plc, OceanicInternational Bank Plc, Finbank Plc and Afribank Plc.
  
  The CEOs that have been sacked by the CBN are Erastus Akingbola(Intercontinental Bank); Okey Nwosu (Finbank); Sebastian Adigwe(Afribank); Mrs Cecelia Ibru (Oceanic Bank); and Bartholomew Ebong(Union Bank). The CBN governor, Sanusi Lamido Sanusi, who made this decision known this morning at the Emergency Bankers’ Committee convened by the CBN in Lagos, explained exclusively to THISDAY that the decision was being taken to safeguard the financial sector from systemic collapse.He said following the audit exercise conducted by CBN’s examiners it was discovered that five of the banks had accumulated margin loans of N500billion, among other loans, that had gone bad and eroded their shareholders’ funds.
  
  “Some of these banks are quite large institutions and they have been mismanaged, so we had to move in to send a strong signal that such recklessness on the part of bank executives will no longer be tolerated.”He said the CBN had obtained the approval of the President to inject N400 billion into the affected banks to shore up their tier 2 capital to minimum acceptable levels.
  Sanusi added that the funds being injected by the CBN was just temporary and does not translate to the government taking a stake in the five banks, as the interim management will be given a period to recapitalise the affected institutions, following which the N400 billion will be paid back to the CBN.
  On how the CBN will prevent a run on the banks and create panic in the economy, Sanusi said the CBN intends to make it clear that the money being injected by the reserve bank as well as the decision to guarantee interbank placement should allay depositors’ concerns.The CBN, he stated, stands ready to ensure that no bank collapses in the country, but will encourage them to seek for funds to raise fresh capital and merge with stronger banks.He said an interim management and board for the affected banks will be put in place to run the institutions until they are taken over by new management teams and owners.
  
  The Riba Take:
  Margin Loans: Are loans given to investors to buy shares in the stock market, the shares act as collateral for the money borrowed. What went wrong in Nigeria is that the market which 2 years(or about that) back was among the best performing globally in terms of returns collapsed and at some point the govt even had to intervene by putting interim measure preventing shares from depreciating by a certain percentage within a day, almost similar to the margins we have in Kenya, but these were more stringent due to the nature of the collapse and the fact a very huge number of Nigerians were investing heavily in the market especially after the famous bank mergers and reorganization.
  
  When the banks called on these loans people started defaulting and this downward spiral has taken its toll on these five institutions, but rest assured this is just the first group of banks, more will be disclosed.
  
  A weird step the Nigerian govt had taken was to prevent banks from disclosing how much of margin loans they had on their books, thus further putting away investors especially in bank stocks and thus further depressing their prices downwards, and in turn more margin loans being defaulted on.
  
  This step will definitely lead to a run on some of these banks, and a further downward spiral of banking stocks in particular which were the star performers in the boom times.
  
  Lets wait as this story develops further………

• August 10, 2009
• 12:57

  ::: Kenya 2.0 (Update):::

   » ‎ RIBA CAPITAL
  ::: Kenya 2.0 (Update):::
• 12:57

  ::: Kenya 2.0 (Update):::

   » ‎ RIBA CAPITAL

  Zain have reviewed their pricing and also their strategy. No data limit monthly fee has come down by 25% to Kes2,500 per month.
  KDN has slashed their internet connectivity rates too, by 90% and are also providing a free trial period for their Wifi network; butterfly. More details here.
  No changes yet in South Africa.
  Initial post here.

• August 06, 2009
• 14:11

  ::: Hillary Effect:::

   » ‎ RIBA CAPITAL
  ::: Hillary Effect:::
• 14:11

  ::: Hillary Effect:::

   » ‎ RIBA CAPITAL

  
  
  

  Kenya ranks number 2 on the Yahoo search engine soon to be powered by Microsoft’s Bing. Its the H. Clinton effect, they watch on CNN, have no clue which country that is, and they search…

• August 04, 2009
• 13:54

  ::: Enter the Indians :::

   » ‎ RIBA CAPITAL
  ::: Enter the Indians :::
• July 24, 2009
• 11:46

  ::: Kenya 2.0 :::

   » ‎ RIBA CAPITAL
  ::: Kenya 2.0 :::
• July 23, 2009
• 16:18

  :::KenolKobil Profit Warning:::

   » ‎ RIBA CAPITAL
  :::KenolKobil Profit Warning:::
• June 18, 2009
• 13:29

  ::: Investing: The Last Frontiers .. Iraqi Stock Exchange :::

   » ‎ RIBA CAPITAL
  ::: Investing: The Last Frontiers .. Iraqi Stock Exchange :::
• June 15, 2009
• 14:35

  Dollars and Change: Africa the final Investing Frontier

   » ‎ RIBA CAPITAL
  Dollars and Change: Africa the final Investing Frontier
• May 23, 2009
• 7:56

  :::A new DVD which can store 1 TB or about 100 DVD's:::

   » ‎ RIBA CAPITAL
  :::A new DVD which can store 1 TB or about 100 DVD's:::
• May 18, 2009
• 14:48

  :::Vodacom SA Lisiting today on JSE:::

   » ‎ RIBA CAPITAL
  :::Vodacom SA Lisiting today on JSE:::
• April 12, 2009
• 9:13

  :::Africa in Numbers:::

   » ‎ RIBA CAPITAL
  :::Africa in Numbers:::
• March 04, 2009
• 22:24

  Financial Crisis explained in a paragraph...

   » ‎ RIBA CAPITAL
  Financial Crisis explained in a paragraph...
• February 20, 2009
• 11:57

  :::BLUE Financial Services plans secondary listing in Kenya:::

   » ‎ RIBA CAPITAL
  :::BLUE Financial Services plans secondary listing in Kenya:::
• 11:23

  ::: Bonus Season :::

   » ‎ RIBA CAPITAL
  ::: Bonus Season :::
• February 16, 2009
• 11:44

  :::New World Order II - World Bank changes::

   » ‎ RIBA CAPITAL
  :::New World Order II - World Bank changes::
• February 15, 2009
• 1:26

  :::Microfinance ventures into the Developed World:::

   » ‎ RIBA CAPITAL
  :::Microfinance ventures into the Developed World:::
• February 07, 2009
• 11:51

  :::Africa Equity Strategy:::

   » ‎ RIBA CAPITAL
  :::Africa Equity Strategy:::
• January 31, 2009
• 10:21

  :::CDS E-Statements:::

   » ‎ RIBA CAPITAL
  :::CDS E-Statements:::
• January 11, 2009
• 6:22

  ::: The Festive Bread Listing, "IPO or EXIT ? " :::

   » ‎ RIBA CAPITAL
  ::: The Festive Bread Listing, "IPO or EXIT ? " :::
• January 04, 2009
• 4:42

  :::Been a while:::

   » ‎ RIBA CAPITAL
  :::Been a while:::
• December 30, 2008
• 8:18

  ::: Reshaping Kenya's Banking Industry:::

   » ‎ RIBA CAPITAL
  ::: Reshaping Kenya's Banking Industry:::
• December 24, 2008
• 13:23

  ::: You think you lost money in Stocks? :::

   » ‎ RIBA CAPITAL
  ::: You think you lost money in Stocks? :::
• August 17, 2008
• 7:03

  :::WPP ACQUIRES 27.5% SCANGROUP:::

   » ‎ RIBA CAPITAL
  :::WPP ACQUIRES 27.5% SCANGROUP:::
• May 31, 2008
• 7:53

  ::: SAFARICOM IPO ALLOCATIONS :::

   » ‎ RIBA CAPITAL
  ::: SAFARICOM IPO ALLOCATIONS :::
• April 25, 2008
• 13:17

  :::RISING FOOD PRICES:::

   » ‎ RIBA CAPITAL
  :::RISING FOOD PRICES:::