We research widely to deliver unique insights.

Recent Topicals

Kenya’s FY’2023/2024 Budget Review

Jun 25, 2023

On 15 June 2023, the National Treasury presented Kenya’s FY’2023/2024 National Budget, to the National Assembly highlighting that the total budget estimates for FY’2023/24 increased by 8.7% to Kshs 3.7 tn from the Kshs 3.4 tn in FY’2022/2023 while the total revenue inclusive of grants increased by 15.7% to Kshs 3.0 tn from the Kshs 2.6 tn in FY’2022/2023. The increase is mainly due to 17.3% increase in ordinary revenue to Kshs 2.6 tn for FY’2023/2024, from the Kshs 2.2 tn in FY’2022/23. The FY’2023/2024 budget focuses mainly on providing solutions to the heightened concerns on the high cost of living, the measures put in to accelerate economic recovery as well as undertaking a growth-friendly fiscal consolidation to preserve the country’s debt sustainability. Notably, the government projects to narrow the fiscal def...

Kenya Listed Banks Q1’2023 Report

Jun 18, 2023

Following the release of the Q1’2023 results by Kenyan 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 earnings notes of the various banks, click the links below: Equity Group Q1’2023 Earnings Note KCB Group Q1’2023 Earnings Note Standard Chartered Bank Kenya Q1’2023 Earnings Note ABSA Bank Kenya Q1’2023 Earnings Note NCBA Group Q1&rs...

Kenya Listed Insurance FY’2022 Report

Jun 11, 2023

Following the release of the FY’2022 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. The report themed “Sustained Growth in Earnings on the back of improved Efficiency”, where 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’2022, Industry Highlights and Challenges, Performance of The Listed Insurance Sector in FY’2022, and, Conclusion & Outlook of the Insurance Sector. ...

Off-Plan Real Estate

May 28, 2023

Real Estate development relies on several elements, primarily financing and marketing. Real Estate finance involves providing the necessary financial resources for investment projects aimed at expanding building infrastructure and services. On the other hand, Real Estate marketing serves as a connection between those responsible for the production of various Real Estate properties such as residential houses and offices and those who purchase and benefit from them. Its objective is to fulfill the needs and desires of individuals by offering properties, whether it be land or housing, at the right value and with exceptional customer service.  Off-plan investment in the Real Estate sector has emerged as an enticing opportunity, offering a mutually beneficial platform for both developers and buyers. This concept involves the sale and purchase of properties that are yet to be constructed or are still under...

Financial Planning Amidst Challenging Economic Environment

May 21, 2023

People face various financial obligations in different stages of their lives that range from medical expenses, education expenses and other miscellaneous expenses. Currently, the expenses have been worsened by the high cost of living in Kenya that has adversely impacting the financial stability and overall well-being of the people.  Despite the high cost of living, it is key to note that a lot of financial challenges are often caused by poor financial planning. Financial Planning refers to a process that help an individual to make sound decision about money that can help one to achieve financial goals. Having a sound personal financial plan is important because it helps reduce and possibly eliminate financial distress arising from various responsibilities and unexpected situations. As such, the purpose of this focus note is to highlight the importance of financial planning, the various considerations to make based on one’s own characteristics, needs and preferences, and s...