Newsletters

Our newsletters are sectioned into there parts with the first two sections focusing on the Private Equity deals that have happened during the month. The third section is numbers play. In this section we do a back of the envelope (BOTE) analysis on transactions that have taken place in the market. You can subscribe to the newsletter below to get newsletter directly to your inbox.

April 2023 Newsletter

A glance at the month that was;

Kenya’s inflation rate decreased by 1.3%
The Kenya shilling continued depreciating to close the month at Kshs 135.9
IFC Invests in Avenue Group Limited to Expand Healthcare Services in Kenya
Our Number Play section explores the relationship between government spending and economic growth.

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March 2023 Newsletter

A glance at the month that was;

Kenya’s inflation rate remained unchanged at 9.2%
The Kenya shilling continued depreciating to close the month at Kshs 132.3
BlackRock acquires 31.25% Stake in Lake Turkana Wind Power, Africa’s Largest Wind Farm
In our Number Play section, we take a closer look at Kenya’s fuel market versus the global market.

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February 2023 Newsletter

A glance at the month that was;

Kenya’s inflation rate increased by 0.2% points to 9.2%,
The Kenya shilling continued depreciating to close the month at Kshs 126.9,
M-Pesa partners with Amazon to provide global remittance services
In our Number Play section, we look at Vivo’s purchase of Engen.

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January 2023 Newsletter

A glance at the month that was;

Kenya’s inflation rate decreased by 0.1% points to 9%,
The Kenya shilling continued depreciating to close the month at Kshs 124.4,
Actis puts Java House on sale for an undisclosed amount.
Our Number Play section compares Mayfair’s Valuation with that of Sidian Bank.

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December 2022 Newsletter

LOOKING BACK AT THE YEAR 2022

Happy New Year to you all! (The year is still young). As we look forward to 2023 with a lot of hope and expectation, we would like to look back at 2022, highlighting our successes. Here is our recap

M&A advisory

We expanded our financial and tax due diligence services to North Africa, working with an investor looking to invest in the health sector.

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November 2022 Newsletter

A glance at the month that was;

Kenya’s inflation rate declined by 0.1% points to 9.5%,
The Kenya shilling continued depreciating to close the month at Kshs 122.4,
M-Kopa received Kshs 7.9 bn (USD 65 mn) loan from IFC,
Our Number Play section looks at the newly launched hustler fund.

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October 2022 Newsletter

A glance at the month that was;

Kenya’s inflation rate rose by 0.4% points to 9.6%,
The Kenya shilling continued depreciating to close the month at Kshs 121.3,
Safaricom Telecommunications Ethiopia officially launched
Our Number Play section looked at the SGR railway debt burden.

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September 2022 Newsletter

A glance at the month that has been;

Kenya’s inflation rate rose by 0.7% points to 9.2%,
The Kenya shilling continued depreciating to close the month at Kshs 120.7,
Equity Bank closed negotiations of acquiring Spire Bank, and,
In our Number Play section, we looked at the implications of Kenya Power signing a 27-year Power Purchase Agreement with Ethiopia

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August 2022 Newsletter

A glance at the month that has been;

Kenya’s inflation rate rose by 0.2% points to 8.5%,
The Kenya shilling continued depreciating to close the month at Kshs 120.0,
Toyota Kenya acquired a 35% stake in solar installation company Ofgen for an undisclosed value,
In our Number Play section, we analyze how earnings affect the valuation of a firm and how understating earnings can complicate valuation discussions with potential investors.

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July 2022 Newsletter

A glance at the month that has been;

Kenya’s inflation rate rose by 0.4% points to 8.3%,
The Kenya shilling continued depreciating to close the month at Kshs 118.8,
Actis and Mainstream Renewable Power signed an agreement to sell Lekela Power to Infinity Group & Africa Finance Corporation (AFC)
In our Number Play section, we estimate how much the Amethis Consortium made after the sale of their Naivas stake

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June 2022 Newsletter

A quick glance at the month that has been;

Kenya’s inflation rate rose by 0.8% points to 7.9%,
The Kenya shilling continued depreciating, to close the month at Kshs 117.8,
Proparco partnered with IBL Group to acquire a 40% interest in Naivas Ltd, and,
In our Number Play section, we looked at the factors that led to ARM Cement collapsing with over USD 190 mn in debt.

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May 2022 Newsletter

A quick glance at the month that has been;

Kenya’s inflation rate rose by 0.6% points to 7.1%,
The Kenya shilling continued depreciating to close the month at Kshs 116.7,
UK Kenya Tech hub and Qhala launched an exchange programme to bolster partnerships between corporates and start-up companies in Kenya and,
The global market experienced increased selloffs from investors, attributable to the high inflation rates, rising interest rates as well as the geo-political tension from the Russia-Ukraine war

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April 2022 Newsletter

A quick glance at the month that has been;

We saw the inflation rate rise by 0.9% points to 6.5%,
The National Treasury proposed doubling the Digital Service Tax (DST) through the 2022 Finance Bill,
ImaliPay raised USD 3.0 mn in debt and Equity seed Funding, and
The iconic Hilton Nairobi City Center Hotel announced that it will be closing on 31st December 2022 after 53 years of operations.

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