Bank Rankings: Final Word

Kenya Bank Rankings

Bank charges survey

A glance at the latest report from the deposit protection fund, omits two Shariah banks licensed this year - (Gulf African and Family Community) from the list of institutions whose deposits are protected by the deposit protection fund (DPF)

A further reading of Islamic banking indicates that such banks guarantee depositors funds - but then don't all banks do that?

Opposition MP’s in Parliament yesterday appeared to shoot down a proposal by the Government requiring commercial banks to have a minimum share capital of 1 billion shillings ($14m) by 2010 – up from the current minimum of 250 million shillings.

This has been seen as likely to cause several smaller banks to merge or be absorbed into larger entities. So for at least, another year, the barriers to entry to the banking sector remain low.

Gulf African Bank has been licensed and will become Kenya’s 42nd bank.

While earlier billed as a Sharia only bank, it’s hard to see how that would have been sustainable and it now appears that the bank will also be open to non-Muslims. Mainstream banks like Barclays, KCB, I&M and Dubai already have shariah complaint products.

With a 1.75 billion capital base starts off around 14th largest bank largest bank. It has advertised for top jobs over the last several months with a view to becoming a regional powerhouse backed by its wealthy shareholders.

Opportunities
most from the daily papers this week

Jobs
- Business analyst sub Saharan Africa – at BAT
- Alliance For A Green Revolution In Africa (AGRA): Director for Market Access Program, Program Officer for Market Access Program. Apply through KPMG
- Electoral commission of Kenya : returning officer, assistant returning officers, trainer of trainers (but must be over 35 years for most jobs). D/L is 2/10
- Investment Officer at the IFC - Nairobi Kenya. D/L is 8/18
- Kenya Airways: Database Architect, Head Of Corporate Security Services, Manager Materials Planning & Procurement, Team Leader Motor Transport
- Head of IT at the Nairobi stock exchange . Apply through Deloitte at esd@deloitte.co.ke (Ref HIT/09/07) by 28/9
- National Museums of Kenya: marketing/PR manager, development manager (resource mobilization). Apply to dgn@museums.or.ke
- Safaricom: M-PESA New Business Sales Officer, M-PESA New Agent Sales Officer, CRM Support analyst, M-PESA Operations Officer
- Agribusiness specialist at USAID Kenya D/L is 21/9
- USIU: senior research associate, webmaster. Apply to jobs@usiu.ac by 30/9

Real estate
- a 5 storey shopping mall in Eastleigh on sale for 150 million shillings ($2 million) from Lloyd Masika
- Have Man U star Rio Ferdinand as your neighbor by buying into this luxury complex in Uganda
- develop houses for USIU on 45acres in Athi river.