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Oriental Commercial Bank
M Oriental Bank, previously known as Oriental Commercial Bank Limited, is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator. Overview , the bank's total assets were valued at KSh10.577 billion (approx. US$106 million), with KSh3.028 billion (approx. US$30.3 million), in shareholders' funds. In June 2016, the bank announced a change in business strategy. MOB will cease to operate as a retail bank and instead become a private bank, with focus on serving family-owned businesses and high net-worth individuals. The use of ATMs would also be phased out. Ownership In 2016, Oriental Commercial Bank was officially re-branded to M Oriental Bank Limited, after the Central Bank of Kenya gave approval to M Holdings Limited to acquire majority shares. M Holdings Limited, a Kenyan owned and registered company subsequently opted to acquire only 33.8 percent. As of 31 Dec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chairman
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group, presides over meetings of the group, and conducts the group's business in an orderly fashion. In some organizations, the chairperson is also known as ''president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. Also, the chairman term may be used in a neutral manner not directly implying the gender of the holder. Terminology Terms for the office and its holder include ''chair'', ''chairperson'', ''chairman'', ''chairwoman'', ''convenor'', ''facilitator'', '' moderator'', ''president'', and ''presiding officer''. The chairperson of a parliamentary chamber is often called the ''speaker''. ''Chair'' has been used to refer to a seat or office of authority ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank One Mauritius
Bank One Mauritius is a full service commercial bank based in Mauritius and jointly owned by CIEL Finance Limited and I&M Group PLC. The CIEL group owns 75% of CIEL Finance, and Amethis Finance Corporation, which manages investment funds for the African continent, owns the other 25%. CIEL is one of the largest groups in Mauritius, with operations in 10 countries and 35,000 employees. The group is publicly listed in Mauritius. I&M has interests in banking, insurance, manufacturing, and real estate and has operations in Kenya, Tanzania, Uganda, Rwanda and Mauritius. The group is listed on the Nairobi Stock Exchange and is one of the oldest publicly owned companies in Kenya. Bank One has a team of 421 staff and has domestic retail and corporate banking operations and cross border businesses focused on Sub-Saharan Africa, serving the following segments: wealth management, custody, private banking, corporate and financial institutions. The shareholders of Bank One have interest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Nairobi
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Kenya
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Kenya
The Economy of Kenya is a market-based economy with a few state enterprises, it is also an emerging market and an averagely industrialised nation ahead of its East African peers. Kenya is a middle income nation and plans to be a newly industrialised nation in 2030. Major industries include agriculture, forestry, fishing, mining, manufacturing, energy, tourism and financial services. As of 2020, Kenya had the third largest economy in Sub-Saharan Africa, coming behind Nigeria and South Africa. The government of Kenya is generally investment-friendly and has enacted several regulatory reforms to simplify both foreign and local investment, including the creation of an export processing zone. An increasingly significant portion of Kenya's foreign financial inflows are remittances by non-resident Kenyans who work in the United States, the Middle East, Europe and Asia. As of September 2018, economic prospects were positive, with above 6% gross domestic product (GDP) growth expected. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Kenya
This is a list of notable commercial banks in Kenya ; Licensed commercial banks # ABC Bank (Kenya) # Absa Bank Kenya # Access Bank Kenya # Bank of Africa # Bank of Baroda # Bank of India # Citibank # Consolidated Bank of Kenya # Cooperative Bank of Kenya # Credit Bank # Development Bank of Kenya # Diamond Trust Bank # Dubai Islamic Bank # Ecobank Kenya # Equity Bank Kenya # Family Bank # First Community Bank # Guaranty Trust Bank Kenya # Guardian Bank # Gulf African Bank # Habib Bank AG Zurich # Housing Finance Company of Kenya # I&M Bank # Imperial Bank Kenya (In receivership) # Kingdom Bank Limited # Kenya Commercial Bank # Mayfair Bank # Middle East Bank Kenya # M Oriental Bank # National Bank of Kenya # NCBA Bank Kenya # Paramount Universal Bank # Prime Bank (Kenya) # SBM Bank Kenya # Sidian Bank # Spire Bank # Stanbic Holdings Plc # Standard Chartered Kenya # United Bank for Africa # Victoria Commercial Bank ; Representative offices of foreign banks # HDFC Bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chief Executive Officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking offic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chairman
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group, presides over meetings of the group, and conducts the group's business in an orderly fashion. In some organizations, the chairperson is also known as ''president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. Also, the chairman term may be used in a neutral manner not directly implying the gender of the holder. Terminology Terms for the office and its holder include ''chair'', ''chairperson'', ''chairman'', ''chairwoman'', ''convenor'', ''facilitator'', '' moderator'', ''president'', and ''presiding officer''. The chairperson of a parliamentary chamber is often called the ''speaker''. ''Chair'' has been used to refer to a seat or office of authority ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Board Of Directors
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation, non-executive directors are elected by the shareholders, and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such as Germ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kitale
Kitale is an agricultural town in northern Rift Valley Kenya situated between Mount Elgon and the Cherangany Hills at an elevation of around . Its population is 106,187 as of 2009. Kitale is the headquarter town of Trans-Nzoia County. Kitale is reachable by air through Kitale Airport. The postal code for Kitale is 30200. The National Museum of Western Kenya is located at Kitale. It is a natural history museum and was originally created by Lt Col. Hugh Stoneham in 1926. Just next to the museum there is a demonstration farm with agroforestry practices run by a Swedish non-governmental organisation called Vi Agroforestry. Climate Kitale has a temperate oceanic climate (Köppen climate classification The Köppen climate classification is one of the most widely used climate classification systems. It was first published by German-Russian climatologist Wladimir Köppen (1846–1940) in 1884, with several later modifications by Köppen, notabl ... ''Cfb''). References ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eldoret
Eldoret is a principal town in the Rift Valley region of Kenya and serves as the capital of Uasin Gishu County. The town was referred to by white settlers as Farm 64, 64 and colloquially by locals as 'Sisibo'. As per the 2019 Kenya Population and Housing Census, Eldoret is the fifth most populated urban area in the country after Kenya's 4 cities of Nairobi, Mombasa, Kisumu and Nakuru. Lying south of the Cherangani Hills, the local elevation varies from about at the airport to more than in nearby areas. The population was 289,380 in the 2009 Census, and it is currently the fastest growing town in Kenya with 475,716 people according to 2019 National Census. Eldoret was on course to be named Kenya's fourth city, but was edged out by Nakuru in 2021. Etymology The name "Eldoret" is based on the Maasai word "eldore" meaning "stony river"; a reference to the bed of the Sosiani River (a tributary of the Nile), that runs through the city. History Eldoret and the plateau around it h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nakuru
Nakuru is a city in the Great Rift Valley, Kenya, Rift Valley region of Kenya. It is the capital of Nakuru County, and was formerly the capital of Rift Valley Province. As of 2019, Nakuru had an urban and rural population of 570,674 inhabitants, making it the largest urban center in the Rift Valley, with Eldoret in Uasin Gishu County following closely behind. The city lies along the Nairobi Nakuru Highway, a distance of 160 kilometers from Nairobi, the capital of Kenya. It is the fourth largest city in Kenya, behind Nairobi, Mombasa and Kisumu respectively. It lies about 1,850 m above sea level. History Archaeological discoveries located about 8 km from the Central Business District at the Hyrax Hill reserve have been dated to the prehistoric period. The city was created on January 28, 1904 when an area within a circle having a radius of one mile from the main entrance to the railway station was proclaimed to be a township. The name of the town was derived from the Ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
