Kenya | - Part 5

Kenyan Inflation Rate Rises for First Month in Five in January

NAIROBI (Capital Markets in Africa) – Kenyan inflation accelerated for the first month in five in January as corn prices rose and crude costs increased. Consumer prices climbed 4.8 percent from a year earlier, the Kenya National Bureau of Statistics said Wednesday in a statement emailed from the capital, Nairobi. Prices advanced 1.3 percent in the month. A government-imposed cap on commercial lending rates, a drought and two disputed elections have weighed on economic growth in…

Kenyan Opposition Says It Has Evidence Odinga Won Election

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NAIROBI (Capital Markets in Africa) – Kenya’s opposition National Super Alliance said it has evidence that former Prime Minister Raila Odinga won the nation’s Aug. 8 presidential election. The alliance has a document containing “authentic, unpolluted, unadulterated” data that shows Odinga and his running mate, Kalonzo Musyoka, were the legitimate winners of the vote, Nasa Senator James Orengo told reporters Friday in the capital, Nairobi. Odinga garnered 8.1 million ballots in the vote, compared with 7.9 million for incumbent President Uhuru…

State Bank of Mauritius (SBM) – Fusion Capital Analysis

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NAIROBI (Capital Markets in Africa) – Fusion Capital has carried a detailed analysis of the State Bank of Mauritius (SBM) as we believe this is critical to both depositors and public at large. Following is a summary of the analysis. SBM Holdings ‘SBM’ was founded in 1973 by the Government of Mauritius and was listed in the Stock Exchange of Mauritius ‘SEM’ in 1995. The Bank is engaged in banking, non-banking financial services and non-financial…

Kenya: 2018 Real Estate Investments Opportunities and Trends

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What real estate investor should look for in 2018? The economy is expected to rebound in 2018 following a difficult 2017. Some of this rebound will trickle down to the Real Estate market but developers and property owners should not expect things to normalize immediately. In this instance, where should Real Estate Investors focus their attention in 2018? Key 2018 Macroeconomic trends 2017 saw a significant reduction in consumer spending and both local and international…

Kenyan Central Bank Agrees to SBM’s Offer for Chase Bank

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NAIROBI (Capital Markets in Africa) – Kenya’s central bank said it agreed to a deal in which SBM Holdings Ltd., the second-biggest lender in Mauritius, will purchase some assets of distressed Chase Bank Ltd. The offer will ensure the transfer of 75 percent of the value of deposits that had been locked in receivership and the retention of staff and branches of Chase Bank, which went under in April 2016. The lender has been under the…

Investor Demand and Business Activity to Increase as Political Stability Returns to Kenya

Posted on by The Editorial Team

NAIROBI, Kenya, December 17, 2017/ — Kenya is emerging from a protracted presidential election process and seeing a return to political stability. Nonetheless, challenges will persist in 2018 for organizations operating in the country and East Africa more widely. High debt levels in Kenya and unpredictable policymaking in Tanzania are among the key risks for businesses operating in the region in the year ahead, says specialist global risk consultancy Control Risks (www.ControlRisks.com) in its annual…

Moody’s: Challenging operating conditions keeps 2018 outlook for African banks negative

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) — Moody’s Investors Service says its negative outlook for the African banking system in 2018 reflects high macroeconomic risks that expose banks to asset quality pressures, reduced government support and sovereign credit risk. Moody’s report, “Banks — Africa, 2018 Outlook”, is available on www.moodys.com. Moody’s subscribers can access this report via the link provided at the end of this press release. This report does not constitute a rating action. “Although…

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