Topicals



We research widely to deliver unique insights.


Recent Topicals

Kenya Listed Banks Q1’2022 Report

Jun 19, 2022

Following the release of the Q1’2022 results by Kenyan listed banks, the Cytonn Financial Services Research Team undertook an analysis on the financial performance of the listed banks and identified the key factors that shaped the performance of the sector. For the various earnings notes of the various companies, click these links: Equity Group Q1’2021 Earnings Note; KCB Group Q1’2022 Earnings Note; ABSA Bank Kenya Q1’2022 Earnings Note; Standard Chartered Bank Kenya Q1’2022 Earnings Note;

Nairobi Metropolitan Area Residential Report 2021

Jun 12, 2022

Last year, we released our Nairobi Metropolitan Area (NMA) Residential Report 2021, themed “Market Performance in the Wake of a Recovering Economy” where we analyzed the performance of 32 residential nodes. This week we update our research on the Nairobi Metropolitan Area (NMA) residential sector by showcasing the sector’s performance in the region in terms of price appreciation, rental yields and market uptake, based on coverage of 35 areas located within the Nairobi Metropolis. We also discuss factors affecting residential supply and demand, the recent developments impacting the sector and conclude with a look...

Kenya Listed Insurance FY’2021 Report

Jun 5, 2022

Following the release of the FY’2021 results by Kenyan insurance firms, the Cytonn Financial Services Research Team undertook an analysis on the financial performance of the listed insurance companies and the key factors that drove the performance of the sector. In this report, we assess the main trends in the sector, and areas that will be crucial for growth and stability going forward, seeking to give a view on which insurance firms are the most attractive and stable for investment. As a result, we shall address the following: Insurance Penetration in Kenya Key Themes that Shaped the Insurance Sector in FY’2021, Industry Highlights and Challenges, Performance of The Listed Insurance Sector in FY’2021, and, Conclusion & Outlook of the Insurance Sector. Section I: Insurance Penetration in Kenya Insurance uptake in Kenya remains l...

Effects of Elections on the Investments Environment in Kenya

May 29, 2022

As highlighted in our 2022 Annual Markets Outlook, elections generally pose the risk of destabilizing an economy should the resultant period be chaotic and unstable politically. This leads to a ripple effect whereby production decreases in the country due to decreased business activities. This also leads to low investor confidence in the country and leads to negative capital net flows. Investor sentiments are generally expected to be poorer with the more apprehensive and risk averse expected to sell off their investment holdings while moderate risk-appetite investors hold off on new investments.  We have previously covered topicals on the “

Public Private Partnerships (PPPs) in Kenya

May 22, 2022

The trend towards Public-Private Partnerships (PPPs) has continued to take shape with numerous developing nations across the world realizing that economic development should not be limited to the framework of either public or private sector, that the two can work together to accelerate economic development. PPPs continue to play a crucial role in improving efficiencies in delivering public services, especially narrowing the infrastructure gap. Kenya as a developing nation, has witnessed the pros of PPPs in different thematic Real Estate sectors including infrastructure, tourism, and, housing among others. This has been made possible due to shifting the development, maintenance, and operational risk on to the private sector often resulting in higher quality and overall better results as the government capitalizes on private sector expertise. We have previously covered a topical on PPPs dubbed ‘Public...