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.

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September 2024 Newsletter
A glance at the month that was;
  • Kenya’s inflation rate decreased by 0.80%,
  • The Kenya shilling strengthened against the dollar to close the month at Kshs 128.5,
  • Kenyan-based Uncap, launched $33 million fund to support early-stage SMEs in Africa,
  • In our Number Play segment, we dive into the contentious Adani – JKIA deal, offering a detailed review of the financials proposed in the transaction
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August 2024 Newsletter
A glance at the month that was;
  • Kenya’s inflation rate increased by 0.10%
  • The Kenya shilling strengthened against the dollar to close the month at Kshs 129.2
  • Kenya HRTech Workpay Raises USD 5 Million in Series A
  • In our Number Play segment, we compare non-performing loans (NPLs) with expected credit losses (ECLs) to help you understand how banks assess the risk of default and set aside provisions for potential losses
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July 2024 Newsletter
A glance at the month that was;
  • Kenya’s inflation rate decreased by 0.30%,
  • The Kenya shilling weakened slightly against the dollar to close the month at Kshs 129.9,
  • Amsons Group, a Tanzanian-based family-owned business conglomerate with over USD 1 billion in yearly revenue, has made a record-breaking binding offer for 100% control of Bamburi Cement, valued at Shs. 65 per share,
  • In the Number Play segment, we analyze the changes in benchmark tariffs from November 2021 to May 2024 and assess their impact on project returns.
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June 2024 Newsletter
A glance at the month that was;
  • Kenya’s inflation rate decreased by 0.50%,
  • The Kenya shilling continued to strengthen against the dollar to close the month at Kshs 129.5,
  • British International Investment (BII), sells its 10.1% ownership in I&M Firm PLC to AfricInvest, a Pan-African asset management platform,
  • In the “Number Play” segment, we review the 20% stake acquisition of Credit Bank by Shorecap III Limited – a Mauritian-based Equity Fund.
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May 2024 Newsletter
A glance at the month that was;
  • Kenya’s inflation rate decreased by 0.70%,
  • The Kenya shilling continued to strengthen against the dollar to close the month at Kshs 130.2,
  • Acorn Holdings secures USD 180mn (KES 23.6 billion) in funding from The U.S. Development Finance Corporation for Affordable Student Housing,
  • In the “Number Play” segment, we carry out the valuation of Kenya Pipeline Company (KPC) one of the parastatals listed for privatization.
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April 2024 Newsletter
A glance at the month that was;
  • Kenya’s inflation rate decreased by 0.7%
  • The Kenya shilling weakened against the dollar to close the month at Kshs 133.3
  • BuuPass acquires bus ticketing platform QuickBus
  • In this month’s number play, we look at how the government’s affordable housing project will likely affect private property developers.
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March 2024 Newsletter
A glance at the month that was;
  • Kenya’s inflation rate decreased by 0.60%
  • The Kenya shilling continued to strengthen against the dollar to close the month at Kshs 131.8
  • Egyptian AI-powered Edtech company raises USD 3 million in a bridge round
  • In the “Number Play” segment, we assess whether the Government-to-Government oil deal made by Kenya delivered its promises of addressing the US Dollar liquidity challenges and exchange rate volatility caused by the global dollar shortage at the time.
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February 2024 Newsletter

A glance at the month that was;

  • Kenya’s inflation rate decreased by 0.60%
  • The Kenya shilling continued to strengthen against the dollar to close the month at Kshs 143.6.
  • The Central Bank Rate increased by 0.5%.
  • Kenya makes partial Sh210bn repayment in Eurobond debt from a new bond issue.
  • In the “Number Play” segment, we analyze Kenya through the lens of a corporation, assessing its profitability and providing strategic recommendations.
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January 2024 Newsletter

A glance at the month that was;

  • Kenya’s inflation rate increased by 0.3%
  • The Kenya shilling continued depreciating to close the month at Kshs 160.4 against the dollar.
  • Apollo Agriculture raises USD 10 million in debt funding.
  • The Number Play section looks at the privatization of the Kenya International Convention Centre (KICC). What are the numbers?
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December 2023 Newsletter

A Year of Impact in 2023 and Unlocking Potential in 2024

Dear Valued Clients and Partners,

As we enter 2024, a fresh year brimming with possibilities, we at InVhestia Africa Limited take a moment to reflect on the remarkable journey of 2023. Our 2023 was marked by record-breaking project finance deals, successful training programs, and impactful partnerships. Through our work, we continue to solidify our position as Africa’s leading boutique project and corporate finance advisory firm.

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October 2023 Newsletter
A glance at the month that was;
  • Kenya’s inflation rate increased by 0.1%
  • The Kenya shilling continued depreciating to close the month at Kshs 150.5 against the dollar.
  • 34 plant shutdowns reveal Kenya manufacturing woes
  • The Number Play section looks at the privatization of non-performing state-owned enterprises.
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August 2023 Newsletter
A glance at the month that was;
  • Kenya’s inflation rate decreased  by 0.6%
  • The Kenya shilling continued depreciating to close the month at Kshs 145.4 against the dollar.
  • Logistics startup Sendy shuts down and embarks on asset sale
  • In the Number Play section, we look at Kenya Airways’ performance over the last few years.
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July 2023 Newsletter
A glance at the month that was;
  • Kenya’s inflation rate decreased  by 0.6%
  • The Kenya shilling continued depreciating to close the month at Kshs 142.4
  • M-pesa expands its reach to Bangladesh and Pakistan with TerraPay partnership
  • In the Number Play section, we analyse the critical factors significantly influencing share buybacks.
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June 2023 Newsletter
A glance at the month that was;
  • Kenya’s inflation rate decreased by 0.1%
  • The Kenya shilling continued depreciating to close the month at Kshs 140.5.
  • The International Finance Corporation injects Ksh 36bn in Safaricom Ethiopia.
  • In the Number Play section, we analyze how currency depreciation can affect the returns of an investment made in USD in a local company whose operations are in KES.
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May 2023 Newsletter
A glance at the month that was;
  • Kenya’s inflation rate increased by 0.1%
  • The Kenya shilling continued depreciating to close the month at Kshs 138.5
  • Shara Inc. acquired a controlling stake in Maisha Microfinance Bank Limited.
  • In the Number Play section, we explore a reasonable valuation for Credit Bank.
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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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