Kenya’s Real Estate Investment Trusts (REITs) market continues to offer investors a mixed bag of fortunes. According to the latest data, while some REITs have posted impressive gains, others have struggled to keep pace with market expectations, reflecting the broader challenges within the real estate sector. The standout performer in the REIT market has been […]
The Nairobi Metropolitan Area (NMA) land market has shown resilience despite recent economic challenges, with a slower yet steady growth in land prices. According to the latest report by Cytonn Investments, land prices within the NMA recorded a Year-on-Year (YoY) price appreciation of 3.9% in FY 2023/24, down from the 4.5% growth recorded in FY […]
In 2024, conservative pension schemes have emerged as the top performers in Kenya’s investment landscape, managing 69.2% of the total assets under management (AUM) in the pension sector. According to the latest report by Zamara Consulting Actuaries, these schemes have consistently delivered strong returns, particularly in the fixed income asset class, despite market volatility. Performance […]
Despite economic uncertainties, Kenyan pension schemes have witnessed substantial growth in 2024. A recent report by Zamara Consulting Actuaries reveals that the total assets under management by these schemes reached an impressive KSh 1.146 trillion. This represents a significant improvement from previous years, with many schemes outperforming inflation, a critical achievement in today’s volatile financial […]
Kenya Airways PLC has achieved a significant milestone in its journey toward profitability, reporting its first profit after tax since 2013. For the first half of the financial year ending June 30, 2024, the airline posted a profit of KSh 513 million, a dramatic turnaround from the KSh 21.7 billion loss reported during the same […]
The Kenyan Shilling remained stable against major international currencies in the week ending August 18, 2024, trading at KSh 129.20 per US dollar. This stability is a positive indicator amidst global economic volatility, reflecting the Central Bank of Kenya’s (CBK) effective monetary policies. A key factor supporting the shilling’s stability is Kenya’s foreign exchange reserves, […]
Kenya’s Treasury bonds have attracted overwhelming interest from investors, with the latest auction recording a 252.6% subscription rate. The re-opened 6.5-year and 17-year fixed-rate infrastructure bonds received bids totaling KSh 126.3 billion against an advertised amount of KSh 50 billion. This strong investor appetite reflects a growing preference for safe and secure investment avenues in […]
Kenya’s remittance inflows hit a new high in July 2024, reaching USD 414.3 million, a 9.6% increase from the USD 378.1 million recorded in July 2023. This surge in remittances has been instrumental in supporting the country’s current account and stabilizing the foreign exchange market. Cumulatively, the remittance inflows for the 12 months leading to […]
Kenya’s agricultural sector, particularly in grain production, holds significant untapped potential, especially as global demand for food security rises. Drawing lessons from Russia, one of the world’s leading grain exporters, can provide Kenya with strategies to enhance its grain trade. A recent study on Russian cereal exports offers valuable insights that can be adapted to […]
Tanzania’s economy has shown remarkable resilience, achieving a real GDP growth of 5.1% in the fiscal year 2023/24, slightly surpassing its projected 5%. This performance, driven by robust contributions from key sectors such as agriculture, mining, construction, financial services, and manufacturing, underscores the country’s commitment to sustaining its middle-income status and presents an enticing landscape […]
