The Impact of the Treasury’s Proposal to Withdraw CBK’s Fiscal Agent Status Kenya’s Treasury introduced a bill, earlier this year that sought to transfer the management of issuance and repayment of Treasury bonds and bills from the Central Bank of Kenya (CBK) to the Public Debt Management Office (PDMO) under the National Treasury. While the …
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In this blog, we review the concept of loan refinancing, using a real-world example of a public corporate action by Centum, which restructured a Sh3.1 billion dual-currency loan to mitigate exchange rate risks. This move, announced on September 27, 2024, is a good example of how companies can strategically refinance their loans to improve financial …
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In a transaction that took nearly a year, Invhestia Africa Limited supported Acorn holdings in securing funding commitment amounting to USD 180 million from the United States International Development Finance Corporation (DFC). DFC is a development finance institution and agency of the United States federal government which partners with the private sector to finance solutions …
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As the world grapples with the urgent need to address climate change and reduce carbon emissions, the quest for sustainable and clean energy solutions has become more critical than ever. Countries and companies alike are investing heavily in renewable energy sources to transition away from fossil fuels in light of the increasing urgency to limit …
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Agriculture is the backbone of numerous countries, globally ensuring food security and providing employment and livelihoods. Nevertheless, farmers encounter various challenges, including inefficient harvesting practices, limited market access, and low productivity. In response, governments and policymakers frequently enact reforms to modernise and enhance the agricultural sector. This blog examines Kenya’s many changes as we develop …
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Introduction In the ever-evolving landscape of the financial services sector, innovation, especially the meteoric rise of Artificial Intelligence, has become the driving force behind adaptability. For decades, the global financial industry languished in old-school ways, leaving inefficiency in its wake. But the dawn of computing and AI in the early 80s triggered a seismic shift …
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In recent years, several startups ditched the disciplined approach to growth and went for the growth-at-all-costs model. Examples such as Sendy and Twiga, among others, are a testament to this. With this “Go Big or Go Home” approach, characterized by Reid Hoffman’s book “Blitz Scaling,” those who have not yet achieved sustainability now have to …
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International Accounting Standard 40 (IAS 40) stands as a critical compass for enterprises engaging in investment property management in the intricate universe of financial reporting standards. Issued by the International Financial Reporting Standards (IFRS) Foundation, IAS 40 charts a course for companies engaged in real estate and other investment activities, providing a structured framework for …
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You’ve spent weeks building the perfect valuation model. You’ve included growth forecasts, estimated costs, calculated discount rates, and determined a valuation range you’re confident in. But now comes the hard part – determining the right price for the business. How do you bridge the gap between your valuation and a price that will resonate with …
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Terminal value plays a crucial role in forecasting the value of a business by considering its projected cash flows at the end of the forecast period. It is an essential component of the Discounted Cash Flow (DCF) valuation method, as it helps determine the present value of anticipated future cash flows. When calculating the terminal …
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