Topicals



We research widely to deliver unique insights.


Recent Topicals

Sub Saharan Africa Regional Review

Sep 30, 2018

According to Kenya National Bureau of Statistics (KNBS), Kenya’s economy expanded by 6.3% in Q2’2018, higher than 4.7% in Q2’2017. This was due to (i) recovery of agricultural sector, which recorded a growth of 5.6% due to improved weather conditions, (ii) improved business and consumer confidence, and (iii) increased output in the real estate, manufacturing, and wholesale & retail trade sectors, which grew by 6.6%, 3.1% and 7.7% respectively. For a more comprehensive analysis see the Q2’2018 Quarterly GDP Review and Outlook note During Q3’2018, we tracked Kenya’s GDP growth projections for FY’2018 released by 15 organizations, that comprised of research houses, global agencies, and government organizations. The average GDP growth, including our projection of 5.5% as at Q3’2018, came in at 5.5%, unchanged from average projecti...

Global Markets Review

Sep 30, 2018

According to Kenya National Bureau of Statistics (KNBS), Kenya’s economy expanded by 6.3% in Q2’2018, higher than 4.7% in Q2’2017. This was due to (i) recovery of agricultural sector, which recorded a growth of 5.6% due to improved weather conditions, (ii) improved business and consumer confidence, and (iii) increased output in the real estate, manufacturing, and wholesale & retail trade sectors, which grew by 6.6%, 3.1% and 7.7% respectively. For a more comprehensive analysis see the Q2’2018 Quarterly GDP Review and Outlook note During Q3’2018, we tracked Kenya’s GDP growth projections for FY’2018 released by 15 organizations, that comprised of research houses, global agencies, and government organizations. The average GDP growth, including our projection of 5.5% as at Q3’2018, came in at 5.5%, unchanged from average projecti...

Kenya Listed Banks H1’2018 Report

Sep 23, 2018

Following the release of the H1’2018 results by Kenyan listed banks, the Cytonn Financial Services Research Team undertook an analysis on the Kenyan Banking Sector to point out any material changes from our FY’2017 Banking Report. In our H1’2018 Banking Report, we analyze the results of the listed banks in order to determine which banks are the most attractive and stable for investment from a franchise value and from a future growth opportunity perspective. The report is themed “Growth and Efficiency aided by Technology, amid deteriorating Asset Quality”as we assess the key factors that influenced the improved performance of the banking sector during the period under review, and also areas that will be crucial for growth of banks going forward. As a result, we seek to answer the questions, (i) “what influenced the ba...

The IMF Precautionary Credit Facility 2018

Sep 16, 2018

Recently, the International Monetary Fund (IMF) concluded their review under a precautionary Stand-By Arrangement (SBA), which was extended to Kenya on 14th March 2016. The SBA is a lending arrangement extended by the IMF to member countries in emerging markets in need of financial assistance in case of occurrence of exogenous shocks such as drought, increase in global oil prices or changes in international financial markets. Previously, we had highlighted the IMF’s various forms of lending and the reasons why Kenya may benefit from the IMF standby facility (for more information, see our focus on Kenya’s IMF Standby Facility), while in this focus we shall highlight on the possible economic implications of missing out on the IMF’s precautionary credit facility.  In a press statement after the visit, the IMF stated that their mission to assess the Kenyan ec...

Mombasa Real Estate Investment Opportunity August 2018

Sep 9, 2018

In line with Cytonn’s expansion strategy, we continue to carry out market analysis for various regions in Kenya and Sub Saharan Africa in order to identify lucrative investment opportunities for our investors. In 2018, we have released the Nyeri Real Estate Investment Opportunity 2017, Kisumu Real Estate Investment Opportunity , and the Nakuru Real Estate Investment Opportunity topicals in  January, July and August, respectively, In 2017, we released the Kampala Real Estate Investment Opportunity and the Ac...