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...Proposed Crowdfunding Regulations in Kenya
Aug 15, 2021
The Cabinet Secretary for the National Treasury and Planning, through the Capital Markets Authority (CMA), recently published the Draft Capital Markets Investment Based Crowdfunding Regulations, 2021. The proposed rules seek to regulate the raising of funds through online platforms by licensing and approving all persons who operate or intend to operate an investment-based crowdfunding platform. Given that these are new regulations in the capital markets, we found it necessary to demystify the proposed regulations and give our insights on them. We shall do this in five sections, namely: Introduction to Crowdfunding, Review of the draft regulations, Case Study – Australia, Recommendation, and, ConclusionRole of Trustees in the Capital Markets in Kenya
Aug 8, 2021
On 29th June 2021, the President of Kenya assented to the Finance Act, 2021 which amongst other changes, introduced provisions for the registration and regulation of corporate trustees in the retirement benefits industry. While registered companies were allowed to act as corporate trustees under the previous Retirement Benefits Act, the Finance Act now clearly outlines the registration process of trustees, as well as the criteria for their suitability. Additionally, in 2020, the Capital Markets Authority (CMA) granted a no-objection to Goal Advisory Africa Limited, the first non-banking institution, to act as a Collective Investment Scheme (CIS) Corporate Trustee. Traditionally, only banks had been allowed to act as CIS trustees, with only 5 licensed banks approved to offer trusteeship services. Key to note, there are other types of trustees who do not need approval or licen...