The state of the markets | Business Redefined

Frank Lloyd Mwiti assumed leadership of the Nairobi Securities Exchange in May 2024 amidst a rebound by the market on the back of upbeat investor sentiment following Kenya's successful refinancing of the US$2.0 billion eurobond earlier in the year. Mwiti assumes office amidst a protracted listings drought in the market & abysmal uptake of new products by the investment community. In this conversation with Julians Amboko, Mwiti tables his agenda for the Nairobi bourse; his views on  product development & uptake; his efforts to rationalize run-away expenditure by the exchange & how to catalyze retail investor activity through fractional trading
« | »
Episodes
Digital financial services | Business Redefined On this episode, the digital financial services landscape in Kenya. On the agenda:
  1. Digital financial services & formal financial inclusion
  2. Last mile inclusion & prevailing barriers to entry
  3. Interoperability across players & future of the national payments
  4. The regulatory environment & emerging issues in taxation of the digital economy.
 September 17, 2024
KQ'S balance sheet restructuring | Business Redefined On this episode, flying back to profit territory but still deep inside the headwinds of negative equity - unpacking KQ's balance sheet restructuring & the search for a strategic investor. We delve into the conversation with Allan Kilavuka - CEO, Kenya Airways PLC September 3, 2024
KCB Group HY2024 Earnings | Business Redefined This week on #CFOChat, a deep dive into KCB HY2024 earnings with Lawrence Kimathi - Finance Director - KCB Group. All the updates on:
  1. Divesting from NBK
  2. Pricing dynamics
  3. The bad book & elusive recoveries
  4. The slowdown in BPR, Rwanda
  5. Developments in TMB, DR Congo
  6. Recapitalization
 August 27, 2024
Mi Vida's capital raising plan | Business Redefined Mi Vida’s Samuel Kariuki is on a mission to turn Kenya’s rather sluggish Real Estate Investment Trusts (REITs) market on its head. He is seeking the Capital Market Authority’s approval to issue the first REIT which offers investors a redemption sweetener in what he believes will be a solution for the shallow secondary trading market and hopefully woo more investors into the asset class. The residential housing units developer seeks to raise Sh5.0 billion through a development REIT to finance its construction pipeline. He sat down with Julians Amboko to discuss the company's latest capital raising plan. August 20, 2024
Reforming the global financial architecture | Business Redefined The global south has come under sovereign debt vulnerabilities ever since COVID19 struck & thereafter major economies began tightening monetary policy to contain run-away inflation following the Russia-Ukraine war. Sri Lanka, Zambia, Ghana, Ethiopia & Suriname defaulted on their debt obligations in the wake of this environment. Is the global financial architecture as presently structured fit for purpose when it comes to sovereign debt distress & resolution? Has the Common Framework delivered on its mandate of accelerating debt restructuring? Business Redefined attended a conference in Brazil dedicated to addressing these & more questions August 15, 2024
In the markets | Business Redefined On this episode, we look at developments in the markets as Kenya's public finance space deepens further into uncertainty following the Court of Appeal's decision nullifying Finance Act 2023. We have a one-on-one with Wilson Wariari - Chief Investment Officer, Arvocap Asset Managers, on all matters equities, fixed income, foreign exchange & the downgrade of credit ratings.     August 6, 2024
Parliament's review of supplementary Budget I 2024/25 | Business Redefined The National Assembly trimmed the planned budget cuts on Kenya's 2024/25 spending plan from the Kes 156.0 billion proposed by the National Treasury to Kes 147.8 billion. The National Assembly has also upgraded the Appropriation in Aid projection for the year by Kes 48.69 billion to Kes 474.67 billion. In this episode of Business Redefined, we speak to IC Group Economist, Churchill Ogutu, to make sense of the latest adjustment to the numbers. July 30, 2024
The insurance market in Kenya | Business Redefined Insurance penetration in Kenya remains very low at 3.0% according to the Insurance Regulatory Authority. What informs such abysmal uptake in a market where formal financial inclusion is one of the highest among emerging & frontier markets globally? How can we stir up interest in Kenyans willingness to take on safety nets to cushion them when risks materialize? Also, how is the transition from IFRS4 to IFRS17 impacting the insurance sector? We sat down with the Managing Director of First Assurance, Stephen Lokonyo, to unpack this & a lot more July 24, 2024
Supplementary Budget I 2024/25 | Business Redefined This episode on Business Redefined, inside the much anticipated cwith Churchill Ogutu - Economist, IC Group. We have until July 22nd to submit our comments on the proposed adjustments to the 2024/25 spending plan, quite a tight window there. What are the key proposals & what do they mean for the financial year just started? We delve deep into the conversation. July 17, 2024