Following the release of the Q3’2016 results by banks, we undertook an analysis on the Kenyan Banking sector to point out any material changes from the H1’2016 Banking Report. In our Q3’2016 Banking Report, we analyse the results of the listed banks in the past quarter so as to determi…

On 8^th November, 2016, Donald J. Trump emerged the victor in the US presidential elections, winning 290 electoral votes, out of the 270 required to emerge victorious. Further to a Republican winning the presidential seat, Republicans additionally won the House and the Senate, restoring the Party to the pinnacle of the US Government.

As is the case with any change of administ…

In our report last week focusing on Kenya’s economic growth, we noted Kenya’s economy is positioned for impressive growth and stands out in East Africa due to its economic diversity and vibrancy as it is the regional hub for innovation, technology, financial services and real estate development.

This week, the World Bank released the Doing Business 2017 report. As highlighted in our

This month S&P, a global ratings agency, upgraded its credit outlook for Kenya from negative to stable, for both local and foreign currency long-term debt citing (i) sustained economic growth, (ii) reduced political tension, and (iii) stabilizing public debt, which is currently at 58.0% of GDP. This follows the IMF downgrading its Sub-Saharan Africa economic growth prospects to 1.4%, represe…

Kenya’s real estate sector has continued to attract both local and international investors who aim to tap into the potential brought about by robust economic growth of 6.2% as at Q2’2016 and projected to be an average of 5.0% over the next decade, the growing middle class with higher disposable incomes, and improving infrastructure, which has opened up satellite towns for development. The ho…

Following the release of the H1’2016 results by insurance firms, we have carried out an analysis on Kenya’s insurance sector to decipher any material changes from our FY’2015 Insurance Report. In our analysis of the insurance sector, we offer our view on whic…

In October last year, we had our first diaspora roadshow in the US, where our team visited several states and interacted with East Africans, who are eager to (i) know the opportunities available to them to invest back home, and (ii) find trusted partners with whom they can invest through back home. In two consecutive focus notes, we discussed the diaspora community and examined several …

Following the release of the H1’2016 results by banks, we undertook an analysis on the Kenyan Banking sector to point out any material changes from the Q1’2016 banking report. In this report, we recommend to investors which banks are the most attractive and stable for investment from a franchise value and from a …

As per our Cytonn Weekly Report #33, we noted that the Interest Rate Cap Bill was one fuelled by anger and we went further to compare the Bill to Brexit – a very populist move, fuelled by anger, but an equally unwise move that we may quick…

Listed real estate investment stocks in Kenya have so far delivered a disastrous track record, subscriptions have been low and price performance post issuance has been significantly negative. Yet, real estate remains a very attractive sector driven by demand outstripping supply in the low to mid income segment.

1. The Stanlib Fahari I-REIT achiev…