Dr Owen Young’s Post

Standard Chartered Bank Kenya's dividend yield has risen to 17%, while most bank shares have fallen after final dividend payments. Standard Chartered’s share price fell by 12.8% to Ksh. 170.25. Other dividend-paying banking stocks have seen similar falls. I&M Bank Ltd Group’s dividend yield rose to 13.8%, while Co-operative Bank of Kenya's yield increased to 12.5%. NCBA Group and Absa Bank Kenya's yields also improved, and Diamond Trust Bank Group, Equity Bank Limited, and Stanbic Bank Kenya will close their registers for their final dividends soon. The dividend yield ratio has an inverse relationship to the stock price. More on: https://lnkd.in/gJ_CHtcZ #StandardChartered #bankingstocks #dividendyield #investments #Kenyanbanks #I&MGroup #CooperativeBankofKenya #NCBAGroup

The ongoing bank recapitalisation exercise and strategies to meet the required capital is anticipated to drive activities in Nigeria’s capital market for the coming months. As banks seek to meet the deadline, against the backdrop of macroeconomic headwinds, this sector update articulates the options available for banks and explores key considerations as they weigh their options. With far-reaching implications beyond the banking sector, the recapitalisation programme necessitates coordinated efforts across the entire financial services spectrum, including non-bank financial service providers, regulators, and the government. To maximise the impact of a more highly capitalised environment, key structural issues must be addressed concurrently. We are pleased to announce the release of our thought leadership publication titled "Nigeria’s Banking Recapitalisation: What lies ahead. Click on the following link to read more: https://bit.ly/45UFHuq #KPMG #BankRecapitalisation CC: Onyinye Mbidom, Adedapo Solarin, Dolapo Adeosun, Wale Abioye

NSE Kenya and KCB Group Launch Hybrid Bond Market for Enhanced Transparency. In a strategic partnership with the KCB Bank Group, the Nairobi Securities Exchange (NSE) has announced an innovative move to launch a hybrid bond market, blending on-screen and over-the-counter trading mechanisms for fixed-income securities. This forward-thinking initiative, revealed during a stakeholder meeting, aims to enhance pre-trade transparency by introducing a quotation board, thus elevating market quote visibility. Shamiah Wycliffe, Director of the Capital Markets Authority- Kenya of Kenya, praised the development for its potential to significantly boost the liquidity of Kenya's fixed-income market. The NSE also provided key regulatory updates and compliance requirements, ensuring smooth integration and adherence to regulatory standards. This initiative marks a significant step toward fostering a more informed and transparent trading environment in Kenya's financial market. #NSEKenya #HybridBondMarket #FinancialInnovation #MarketTransparency #KenyaFinance

Kenyan Banks reported high net earnings for the Financial Year ending 31 December 2023, majority declared fat dividends to shareholders. Below are the highlights: 1. Family Bank Ltd 13.3%  (Sh2.5 billion) 2. Equity Bank Limited  - 5% (Sh41.98 billion) 3. I&M Bank Ltd     15%    (Sh13.3 billion) 4. NCBA Group 55.7%  (Sh21.4 billion) 5. Absa Bank Kenya   12% (Sh16.4 billion) 6. Diamond Trust Bank 15% (Sh 7.8 billion) 7. KCB Bank Group     -8% (Sh 37.5 billion) 8. Co-operative Bank of Kenya  5.2% (Sh23.2 billion) 9. Stanbic Bank Kenya  34%  (Sh12.2 billion) 10. Standard Chartered 15% (Sh13. 8 billion) Source: https://lnkd.in/dCUmX3Vx

The ongoing bank recapitalisation exercise and strategies to meet the required capital is anticipated to drive activities in Nigeria’s capital market for the next coming months. As banks seek to meet the deadline, against the backdrop of macroeconomic headwinds, this sector update articulates the options available for banks and explores key considerations as they weigh their options. With far-reaching implications beyond the banking sector, the recapitalisation programme necessitates coordinated efforts across the entire financial services spectrum, including non-bank financial service providers, regulators, and the government. To maximise the impact of a more highly capitalised environment, key structural issues must be addressed concurrently. This report also discusses the key structural issues which includes poor market information, weak frameworks for loan recovery, and limited access to credit for SMEs and the key imperatives for stakeholders beyond the banking industry. Click on the following link to read more: https://bit.ly/45UFHuq #KPMG #BankRecapitalisation

Standard Chartered Expands Foreign Currency Investment Offerings Standard Chartered Bank has strengthened its position in Kenya's investment market by expanding its foreign currency investment options with the launch of US Corporate Bonds, USD Government Bonds, and Signature CIO Funds. These additions complement its existing offerings, including ESG Funds, USD Money Market Funds, and Mutual Funds in multiple currencies. With a powerful digital platform, the bank is democratizing access to global investment opportunities, enabling investors to buy, track, and sell products like US Treasuries and Foreign Currency Money Market Funds seamlessly. Chumba Edith, Head of Wealth and Retail Banking at Standard Chartered Kenya and East Africa, emphasized the importance of financial education, responding to surveys showing that 60% of new investors feel unprepared. To address this, the bank is enhancing its digital tools and educational programs. Under its SC Wealth Select framework, the bank leverages over a century of expertise to guide investors in immediate, short-term, and long-term financial planning. Additionally, the bank has introduced SC WIN, a tailored offering for women entrepreneurs, further reinforcing its commitment to inclusive financial growth. #Standardchartered #Kenya #Nairobi #Investments #EA #StartupKenya

Tonight we host an insightful interview with FA Jesse Ludenyo, MCSI, Investment Analyst at KCB Bank Group Investment Bank Brokerage, and Samuel Gichohi, Head of Business Development at NCBA Group Investment Bank. We dissected the mixed outcomes of 2023 and looked ahead to a challenging 2024 marked by global headwinds and strained wallets locally. Key topics included Kenya's trade balance, spotlight sectors for the year, and the potential implications of banks adjusting lending rates on businesses and customers. Also delved into the dynamics of the bond market, exploring the drivers behind recent movements and expectations for rising interest rates on the January 2024 Treasury bond sale. #Tradingbell #EconomicOutlook #2024Finance #InvestmentStrategies Nairobi Securities Exchange PLC

Dear Professionals,   Albert Einstein wisely said "Commit yourself to lifelong Learning. The most valuable asset you will ever have is your mind and what you put into it."   Continuous learning is paramount if we would remain relevant in our various fields. If you are a professional in the Microfinance space, do not miss this opportunity to enhance your knowledge and productivity.   And, I have good news for you. Take advantage of the early bird offer and get 10% off the registration fee.   Good deal, right? Hurry now and register using the link https://lnkd.in/dv2cm_yg   See the post below for more information.  

NDB has issued 3- and 5-year notes totalling ZAR 1 billion in the South African bond market. This successful issuance has raised NDB's total rand bonds to ZAR 3.8 billion. After debuting in the South African bond market on August 15, 2023, NDB became the highest-rated issuer to enter since 2015. Over the past year, the Bank has established itself as a regular participant in local capital markets, completing three bond issuances and progressing towards its ZAR 10 billion Note Programme launched in 2019, which is listed on the Johannesburg Stock Exchange. Monale Ratsoma, NDB Vice-President and Chief Financial Officer stated, “local currency financing is a core offering of NDB, which has a strong pipeline of rand-denominated loans for infrastructure and sustainable development projects. The rand programme will be vital in supporting the bank's commitments in South Africa.” Read press release: https://bit.ly/4ev0rfu #capitalmarkets #NDBImpact #EMDCs

Genghis Equities suggests accumulating shares of Absa Bank Kenya this week, citing its strong Q1 performance with a 32.92% q/q growth in EPS and a resilient dividend yield of 11.3%. Despite bearish sentiments prevailing in the equities market, foreign investors showed bullish activity, with net inflows amounting to KES 0.88Bn. The SSA markets closed the previous week with Nigeria leading in performance and Egypt lagging behind. In the fixed-income market, secondary turnover increased, and the highlight was the announcement of the June 2024 Primary Bond Auction. The Central Bank of Kenya's initiative to lower the minimum investment for government securities promotes financial inclusion and market liquidity. Expected in the upcoming week are Treasury Bills auctions, while several companies have dividend payment dates scheduled. Market performance across various sectors reflects a mix of gains and losses, with Absa Bank Kenya showing notable resilience in the banking sector.