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Recent Topicals

Regulatory response to Real Estate Funds in Kenya during COVID-19

Aug 29, 2021

The Coronavirus pandemic (COVID-19), which began as a health crisis, morphed into a global economic crisis as a result of containment measures put in place worldwide to curb the spread of the virus, which brought the global economy to a standstill. According to the IMF World Economic Outlook, the global GDP is estimated to have contracted by 4.4% in 2020, from a growth of 1.6% recorded in 2019. Kenya’s economy was also not spared, with the GDP estimated to have contracted by 0.1% in 2020, from a growth of 5.4% recorded in 2019. As at December 2020, the Non-Performing Loans (NPL) ratio stood at 14.1%, an increase from the 12.7% recorded in 2019. This was mainly attributable to poor performance of businesses as a result of the COVID-19 pandemic in 2020 which affected their ability to service loans. The Nairobi All Share Index (NASI) also recorded a poor performance, declinin...

KCB Group-Plc-H1'2021-earnings-note

Aug 22, 2021

Below is a summary of KCB Group’s H1’2021 performance:  Balance Sheet Items

Equity Group H1'2021 Earnings Note

Aug 22, 2021

Below is a summary of Equity Group Holdings Plc H1’2021 performance:  Balance Sheet Items (Kshs bn) 

Co-op Bank H1'2021 Earnings Note

Aug 22, 2021

Below is a summary of Co-operative Bank of Kenya Ltd H1’2021 performance:  Balance Sheet Items (Kshs bn)

Kenya Mortgage Refinance Company (KMRC) Update

Aug 22, 2021

The Kenya Mortgage Refinance Company (KMRC) is a treasury backed financial institution in Kenya that specializes in lending to Primary Mortgage Lenders (PMLs) such as banks, microfinance institutions and Savings and Credit Cooperatives (SACCOs) for onward lending to potential home owners.  It was established in August 2018 and began its operations in September 2020 after licensing by the Central Bank of Kenya (CBK), in an aim to increase home ownership through issuance of affordable mortgages. This week, we seek to do a follow up of the company and provide an update a year since operationalization, as well as benchmark with a more established refinance company;  We have in the past written three to...