Comments on: The Strange Story of James Mwangi & Alnoor Kassam

By: wanjiku

wanjiku — Wed, 19 May 2010 11:16:14 +0000

You people unless you have banked with equity and known the benefits pliz do not be jealous about the success we the faithfull customers have seen. Equity has assisted so many SMEs to become well known corporates and even if the future looks bleak for the company lets appreciate the good it has done for some of us. Remember that an important quality of an entreprenuer is the ability to take risks especially where others are skeptical.

‘MUNATAKA TUTOKE EQUITY TWENDE WAPI?’CBA?

By: Roba

Roba — Sat, 17 Apr 2010 16:53:06 +0000

I feel your sentiments about Equity Bank

First of all, no single person has facts about the happenings during the collapse of Trade bank. no details have ever been knowm of the amount that either parties took. so, all in all, lets leave the matter

When we come to the running of Equity Bank i fully give credit to Dr.James Mwangi. There was much progress since he joined, when Equity was never heard, just known as a building finance. If you go back to the roots of the bank, it started from the villages where it banked the poor. this model can therefore be said to have been implemented and raised the bank to what it is…thats why, we have Havard coming to study this model that has rose the bank from the village to the city.

I do agree its a one man show, but i fully appreceiate the leadership and the the will power shown by the Dr.

long live Equity Bank

By: WeWillFindYou

WeWillFindYou — Sat, 17 Apr 2010 16:14:07 +0000

Alnoor Kassam, scam artist, is currently running for mayor in Calgary Canada, again.

By: kafofoshizo

kafofoshizo — Thu, 28 Jan 2010 11:39:54 +0000

hpakcer1 hpakcer!
alnoor…. you think….?
work for the bank and proud to be an official (if customers are members)

until it collapses… its the bank to be…

By: Alnoor Kassam

Alnoor Kassam — Fri, 07 Aug 2009 03:03:36 +0000

I’m coming home to reclaim my assets, on top of that the money from Trade bank is and always was mine. On my return i will give back depositors their investments and reopen the bank. I’m sorry to all Kenyans that this has happened
Please email me alnoor@alnoorkassam.com with your thoughts
Alnoor

By: Lillian

Lillian — Wed, 15 Jul 2009 09:57:00 +0000

KE,

I agree with your article as well as your clarification that blogs are meant to open up issues for discussions and are not spoon feeding avenues. Equity is a suspect bank ( but it is not the only suspect bank……). We as Kenyans must begin to question how companies are run, how we fete “good businessmen” whose history is so well known…..

By: Demogod

Demogod — Wed, 10 Jun 2009 04:00:52 +0000

Prakash:

Its not about not believing and banking in that institution. We are engaging in an educated discussion where people have different and various opinions. Some people are right and some people are wrong, make your conclusions, but don’t start this stupid non-sense of becoming defensive about institutions. Do your own due diligence, if you feel its strong then do what is necessary, otherwise leave the discussion for intelligent people….

By: prakash

prakash — Mon, 08 Jun 2009 12:23:37 +0000

Your two cents has been duly noted but instead of engaging in the back and forth about equity which we have seen in several blogs, why dont those of you who dont believe in it quickly remove your funds and advice your friends and family to do the same, and let the rest who benefit from it continue banking in it. We have severa banks in Kenya and no one is forced to bank with Equity.
And as for Pioneer college its an entity of the Munga family as was stated earlier and not equity. Im suprised your not also giving two cents on britak isnt it the same names on the shareholding?

By: Demogod

Demogod — Sat, 06 Jun 2009 16:13:47 +0000

Ke:

YOu are absolutely correct, we as Kenyans believe our enterprises are most well run companies when they are making boat loads of money on paper. Thus, no one questions!!! Then you have some people stating that since some institutions have given them awards or highly rated them they must be a great company. It’s all a bunch of “bull” – what happened to GM, Lehman, Merril Lynch etc etc, they are all dead..

If any one wants to know anything about Equity, since its a pucblic company read its financial statements in detail, and read all the footnotes and off balance sheet details. There wil be many clues to where they have enough liquidity or are they well capitalized. any if anything is a miss, you will find out.

Remember, you must always question all these companies, don’t just believe what is happening, there is alot happening under the hood that many of the public does not know…

My 2 cents worth – Equity bank is a very suspect bank, and I won’t be surprised it goes down and leaving many millions of Kenyans much poorer…