Introduction Consider this scenario, LendCo is an entity in the financial services space which lends money to businesses. LendCo creates various products such as car loans, mortgages, credit card loans and leases. These loan products have receivables in the form of principal repayments and interest payments, which the borrowers commit to settling over the agreed …

Have you ever developed a financial model for a client or your organization and later found out that the spreadsheet had errors? What did you do? Did you go to your supervisor or the client and tell them …? Person 1: “Oh, by the way, do you know the model we built for Project Y …

Understanding the Proposed Deal between Equity Bank and Spire Bank Equatorial Commercial Bank (ECB) was founded in 1983 as a Finance Company. Mwalimu Sacco acquired a 75% stake in the bank in 2015 and rebranded it to Spire Bank in 2016. In 2020, the Sacco bought the remaining 25% stake to fully own the bank. …

We sought to establish the real numbers behind Kenyan electioneering in this blog. It may seem a simple task at the onset, but it gets complex as we dig deeper. What makes it complex is not gathering information on IEBC budget and spending but compiling/estimating data on the spending by candidates in their campaigns.  The …

Kenya is the largest economy in East Africa, with a GDP of USD 110.3 mn and a growth rate of 6.7% in 2021. Despite this commendable growth, there has been little trickle-down effects on the common mwananchi as the cost of living continues to rise. For instance, the prices of basic food items such as …