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71 minutes | 13 hours ago
We Are Curious EP 12| Of IMF Loans, Govt Stake on Listed Companies, a Weaker Dollar, Nigeria's Cracking Down on Offshore Investments, Upcoming Coinbase Listing, and the Curious Case of Kipchoge's NFT
Kenya's COVID debt would receive more public support if the funds could be accounted for, and have visible impact to people and small businesses. While IMF loans are receiving backlash, they are cheaper alternatives to other lenders,and serves as a form of refinancing. There is the option of the government selling its stake on listed companies, which will generate upwards of Ksh 800 billion. The dollar losing ground means that Kenya can make savings on dollar denominated loans, and expect slight dips on oil prices. However, there have been cases in the past when the dollar came back stronger. Nigeria's SEC is hitting on platforms for offshore investments, and it is a classic case of African regulation failing to catch up with innovation, similar to the failure of regulators across the continent taking a backseat stance on cryptocurrency. Finally, Kipchoge's 2 NFTs trailblaze a path for athletes, and brand ambassadors to explore the NFT space, giving them opportunities to make more money.
44 minutes | 12 days ago
Weekly Markets Update EP 12 | Equity Bank's Share After Results, Expectations on the MPC, NCBA Results, EABL After Another Lockdown, Homeboyz Entertainment and the Suez Blockage
Equity Bank's share dipped by 8.29% after the bank failed to declare a dividend. This, however, is a short term reaction given its strong financials and picking digitization strategy. The MPC is likely to maintain status-quo interest rates, as reducing the rates would not favour banks as much as it would favour borrowers. NCBA reported a 41% profit decline with a significant hit in earnings per share, declaring a dividend nonetheless. The new measures in five counties are likely to affect EABL. However, the effects will be negligible given that the lockdown affects five counties only, and EABL has taken steps to promote online sales. Changes in leadership outlook in Tanzania and the discovery of a new variant could change its COVID-19 measures, affecting EABL's performance in the country. EABL and UNFPA have cancelled their affiliation with Homeboyz Radio, a subsidiary of Homeboyz Entertainment but the effects are likely to be short term.
76 minutes | 15 days ago
We Are Curious EP 11| Of Movement Restrictions, COVID-Stricken Insurance Sector, Safaricom's 5G, Tesla Accepting Bitcoin for Cars and the Curious Case of the the Suez Canal
In this episode, the Kenyan Wallstreet and HIsa Team talk about how the new movement restrictions in response to COVID-19 are necessary to protect lives but highly inconsiderate for businesses facing high taxation and students who just resumed schools. While Safaricom's 5G's launch means well for the future, it was a rushed decision, given that as of last year, only 16% of mobile devices countrywide supported 4G. The insurance sector is still taking blows from the pandemic, evident in CIC and Sanlam results. Elon Musk is a genius for trading depreciating teslas for appreciating bitcoin.
26 minutes | 17 days ago
Esther Ndeti on the Status of Startup funding in Kenya, Women in Startups and VC and the Importance of Recognizing the Achievements of Women
Esther Ndeti shares her experience transitioning from a business founder to an Executive Director at EAVCA, a representative organization for private equity and venture capital funds in East Africa. She also talks about Kenya's venture capital space compared to other African countries, her experience with women in VC in East Africa, gender representation in both funding and startups, and the importance of celebrating and showcasing the work of women in the finance and banking space.
41 minutes | 19 days ago
Weekly Markets Update | EP 11: Britam Offloading HF Stake, KQ's Halted Nationalization, Kenya's Retail Business, CBN's Crypto Position and Commodities Perfomance.
HF is up by 9.94% after Britam announced plans to sells part of its stake in the business to a bank, which could help its long term recovery depending on the buying bank. However, the rally is driven by speculation as the details of the transactions are still in the works. Parliament has halted the bill seeking to nationalize KQ, which faced numerous challenges last year because of the pandemic likely to affect its results. Carrefour's success in Kenya rides on proper management of agreements with suppliers and direct sourcing. Quickmart's PE investment could point out to its strength as a business.
68 minutes | 22 days ago
We Are Curious EP 10| Of Rising Fuel Costs, Banking Sector Results, Airtel Selling its Mobile Money Arm and John Pombe Magufuli
Fuel prices are on aiming for the moon, banks have reported less profit and Tanzania lost a sitting president. Listen to the team explain why the high prices are not a tax issue as most of us think, shed light at the end of the dark tunnel of COVID hit banks, say a word about the late Magufuli, and write their wishlist for Samia Suluhu.
9 minutes | 22 days ago
How Do you Decide to Invest in a Startup? Takuma Terakubo, CEO Uncovered Fund Explains
In February 2021, Uncovered Fund launched a $15 million fund to invest in early-stage startups in Africa. Ally Mwakaneno talks to CEO of Uncovered Fund CEO Takuma Terakubo on why they chose Africa, their areas of interest and why he started the venture capital.
30 minutes | a month ago
Weekly Markets Update EP 10: Gains in NSE Indices, Impact of the Stimulus Check, NMG Week on Week Decline, and how COVID-19 Measures will Further Impact EABL
In this episode, the Kenyan Wallstreet and Hisa Team discuss how foreign investors are exiting local markets, hoping that banking sector results will turn the tide. We are likely to see an increase in bond buying, which will reduce interest rates after the stimulus check caused asset price inflation. Investors fear that the next stimulus check will fuel inflation, hence outflows from emerging markets. NMG week on Week decline is a result of profit-taking, despite long term prospects in its digital strategy. The team also discusses KCB's partnership with Huawei for a decentralized digital banking product.
53 minutes | a month ago
We Are Curious EP 8| Mobius' Tax Tussle, NMG's Stock, Funding in African Startups, the Flutterwave Unicorn, and the Curious Case of NFTs
In this episode, the squad discusses KRA's demand for Ksh 73 million in taxes from Mobius Motors, what to expect in NMG"s stock after results announcements, what the Flutterwave unicorn means for African startups, and how NFT's could benefit digital creators.
18 minutes | a month ago
Weekly Markets Update | EP 9: Stanbic Results, Expected Banking Financials, Expected Profit Warnings, Safaricom Interim Dividend and Impact of the Stimulus Package
Stanbic's income dropped by 18.6% to Ksh 5.2 billion with a notable reduction in net interest income, which fell by 4.8% while loan loss provisions rose by 54% following reliefs and restructured due to COVID-19. However, the bank grew its deposits, loans and investments. There are 18 profit warnings, with more expected to come. The banking sector is expected to be more resilient compared to other sectors, despite more profit warnings from the sector. Safaricom declined by 3.7%, a profit-taking by investors given the recent gains. Investors a taking a wait and see approach given the expected Ethiopian licence. The recently passed US Stimulus package is likely to lead to asset price inflation.
16 minutes | a month ago
Eva Mattheeussen on How the Pandemic is Affecting Women Differently, and Having More Women on Boards
Eva Mattheeussen, HR Head at DHL Global Forwarding MEA and Global Project Lead of ‘Women at DHL Global Forwarding talks about how the COVID-19 Pandemic has affected women differently in their careers, the journey to achieving 1 out of 3 women in the leadership Boards, the Women in DHL initiative and where she imagines gender diversity in 5 years. She also shares her experiences on internal networks, partnerships and mentorship is opening more opportunities for women.
61 minutes | a month ago
We Are Curious EP 8| Kenya's Lower Business Confidence, Hurtful Minimum Taxes, Tanzania's Economic Growth and the Curious Case of Square and Jay Z
In this episode, the squad analyzes the impact of the Minimum taxes on manufacturers and startups, takes stock of the lowering business confidence in the country and explains why Tanzania's economy outgrew peers in the EAC in 2020. It also looks at what Google's new privacy push means for advertisers and how Square is leveraging creators in the new Tidal Acquisition.
45 minutes | a month ago
Weekly Markets Update | EP 8: EAPC, KPLC and Unga Financials, A Net Selling Position by Foreign Investors, What to Expect from Banks Results and The Inflation
Kenya Power's rising financial costs are expected to be higher in FY2021. Its operating expenses for FY2020 ate up all its gross profit. We are still watching how EAPC's restructuring will mean for the company but hopes are low whereas there is hope for the long term prospects for Unga Limited despite blows from higher commodity prices and high finance costs. Foreign investors are taking a net selling position on counters such as KCB and Equity, awaiting the financials in March following the impact of COVID-19 on Non-Performing Loans.
73 minutes | a month ago
We Are Curious EP 7| The NMG Buyback, Spotify's Debut in Kenya, the Australian Media Law and the Curious Case of the Coinbase Direct Listing
In this episode, the squad discusses KenGen, KPLC and Unga Limited's results and discusses what the Nation Media Group 10% ordinary share buyback means for investors. NMG's paywalled platform is still in its early stages, with a lot of room to grow to offer sustainable revenue. The Bank of Ghana's sandbox will benefit startups in the country, opening a window for players in the blockchain, and by extension, cryptocurrency to test innovations. There are high hopes for the Coinbase Direct Listing, which is expected to attract investors, given it will be the only listed crypto platform. However, the share faces volatility risks from bitcoin price fluctuations.
21 minutes | 2 months ago
Equiti CEO Brian Myers on the Status of Financial Literacy in Africa, Understanding Interest and Navigating Borrowing
The crux of financial literacy in Kenya and Africa will be when organizations use the widespread internet and mobile penetration to educate young people on creating financial freedom, understanding taxes and fees and exploring different avenues of investment. Brian Myers and Hisa CEO Eric Asuma talk about harnessing social media to grow financial literacy, navigating high risk and high return investments and handling compound interest and debt.
12 minutes | 2 months ago
Weekly Markets Update | EP 7: Rising Equity Turnover, EABL's Slight Decline, BAT Gains and Dividends, and Kenya Re Hold Recommendations.
In this episode, Hisa Chief Financial Analyst Felix Ochieng discusses the performance of different Indices, global markets, and top counters for the previous week. Equity turnover rose by 21.69%, with KSh 2.47 billion worth of stock traded last week, while the bond market fell by 22.1% with KSh 17.37 billion worth of bonds traded. NASI gained about 0.93%, closing the week at 165.55 bp, the all-share index fell by 0.07%, closing at 1888 bp, while the NSE 25 gained by 0.73%, closing at 3638.57 bp. The gains in NSE 25 and NASI is because of activity, such as declines in EABL by 2.29% due to upward market correction. Highlights BAT's gained 14.06% following the 2020 results and the 34.3% YoY increase in dividend Sameer topped the gainers list, gaining 20% in price activity, closing at Ksh 3.60. NBV YTD gains stand at 8.4%, declining 10% last week. Gold faced downward pressure because of gains in counters like Bitcoin. Genghis and Faida Investment maintains its long term hold on Kenya Re.
53 minutes | 2 months ago
We Are Curious EP 6| COVID-19 Vaccine, Africans Appointed to Lead Global Organizations, Brain Drain, Crypto Acceptance and the Curious Case of Tidjane Thiam
In this episode, the squad and guests talk about the ongoing vaccine roll out in Africa and how governments tackled the pandemic from different fronts, what it means to have Africans leading multilateral bodies, the concept of brain drain in the continent, the averseness of African governments towards cryptocurrencies at a time where corporates are accepting it as an asset class and SPACs.
25 minutes | 2 months ago
Derivatives | Episode Two: Types of Derivatives Contracts, The Difference Between Equities and Derivatives, and Making Money Through Derivatives
In this episode, Rufus Gitau discusses the different type of derivatives including forward contracts, futures, options, and swap contracts. Rufus points out the difference between trading derivatives and equities, and how individuals can make money through derivatives through the two-way market, when the market goes up or down.
12 minutes | 2 months ago
Weekly Markets Update | EP 6: Safaricom Ksh 39 All-time High, Gains in the EABL and NSE Indices and Last Week's Bond Tap Sale
Int his Episode, Chief Financial Analyst Felix Ochieng discusses the Safaricom rally which saw the share hitting Ksh 39, a new all-time high, after the interim dividend announcement. The NSE all share index had a good week, gaining 4.4% in activity. NSE 20 and NSE 25 were also up gaining 1.28% and 3.87% respectively. The uptick in indices follows global trends where markets which had taken a toll are waking up. KCB, Equity and Safaricom all trading within the Ksh 35-40 range. We are likely to see more price action on the positive edge on markets as we approach the earning period for most counters. Volatility on global markets is pushing activity in emerging markets, hence the uptick in foreign activity locally. Faida issued a hold recommendation while Genghis Capital issued a buy recommendation for Kenya Re.
9 minutes | 2 months ago
What Do you Need to Know About Derivatives?
NSE Derivatives Risk Manager Geoffrey Radier talks to the Hisa team on the New NSE Derivatives, the nature of the derivative contracts and the value of derivatives compared other asset classes. Geoffrey expounds the relationship between a derivative and its underlying asset what you need to trade derivatives. He also explains why some prefer buying a derivative contract and a stock of the same stock.
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