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Cytonn Report a Product of Cytonn Technologies
Kenya Listed Banks FY'2019 Report, & Cytonn Weekly #16/2020 Focus of the Week Following the release of the FY’2019 results by Kenyan listed banks, the Cytonn Financial Services Research Team undertook an analysis on the financial performance of the listed banks and identified the key factors that shaped the performance of the sector, and our expectations of the banking sector for the rest of the year. The Banking sector witnessed a number of consolidation activities in FY’2019 as players in the sector were either acquired or merged. We still maintain our view that Kenya remains overbanked as the number of banks remains relatively high compared to the population. Increased consolidation will reduce the number of banks in the country which currently stand at 38, thus reducing the commercial banks to population ratio from the current 0.8x. We expect an increase in consolidation activities going forward which will lead to the formation of relatively larger, well-capitalized and possibly more stable entities. As such our report is themed “Increased Consolidation in the Banking Sector” as we assess the key factors that influenced the performance of the banking sector in 2019, the key trends, the challenges banks faced, and areas that will be crucial for growth and stability of the banking sector going forward. As such, we shall address the following: i. Key Themes That Shaped the Banking Sector Performance in FY’2019, ii. Summary of The Performance of the Listed Banking Sector in FY’2019, iii. The Focus Areas of the Banking Sector Players Going Forward, and, iv. -
Race for Distinction a Social History of Private Members' Clubs in Colonial Kenya
Race for Distinction A Social History of Private Members' Clubs in Colonial Kenya Dominique Connan Thesis submitted for assessment with a view to obtaining the degree of Doctor of History and Civilization of the European University Institute Florence, 09 December 2015 European University Institute Department of History and Civilization Race for Distinction A Social History of Private Members' Clubs in Colonial Kenya Dominique Connan Thesis submitted for assessment with a view to obtaining the degree of Doctor of History and Civilization of the European University Institute Examining Board Prof. Stephen Smith (EUI Supervisor) Prof. Laura Lee Downs, EUI Prof. Romain Bertrand, Sciences Po Prof. Daniel Branch, Warwick University © Connan, 2015 No part of this thesis may be copied, reproduced or transmitted without prior permission of the author Race for Distinction. A Social History of Private Members’ Clubs in Colonial Kenya This thesis explores the institutional legacy of colonialism through the history of private members clubs in Kenya. In this colony, clubs developed as institutions which were crucial in assimilating Europeans to a race-based, ruling community. Funded and managed by a settler elite of British aristocrats and officers, clubs institutionalized European unity. This was fostered by the rivalry of Asian migrants, whose claims for respectability and equal rights accelerated settlers' cohesion along both political and cultural lines. Thanks to a very bureaucratic apparatus, clubs smoothed European class differences; they fostered a peculiar style of sociability, unique to the colonial context. Clubs were seen by Europeans as institutions which epitomized the virtues of British civilization against native customs. In the mid-1940s, a group of European liberals thought that opening a multi-racial club in Nairobi would expose educated Africans to the refinements of such sociability. -
614 Aston Autumn Issue9 10/4/02 3:48 Pm Page 1
614 Aston Autumn issue9 10/4/02 3:48 pm Page 1 SPRING 2002 ISSUE 9 Aston University Gifts An exciting range of Aston University branded gifts is available from the Alumni Relations Office. apexAston University Alumni Magazine The wrong Item description Quantity Unit price (£) Total (£) Cufflinks 15.00 way round Tie 10.00 Scarf 15.00 Desk-clock 15.00 To order your Aston University gifts, please Key-ring 4.00 Join John Davie complete the order form below and return Mug 3.00 it to: Alumni Relations Office, Aston Parker Rollerball 3.00 aboard Logica University, Aston Triangle, Birmingham, Umbrella 15.00 B4 7ET, UK. All prices include postage and Lapel Badge 1.00 packing. Waterman fountain & ballpoint pen set 30.00 Aston Through the Lens 6.00 Payment can be made by credit card or Baseball cap 7.00 cheque made payable to Aston University Visit the new Bookmark 1.00 in sterling and drawn on a bank in England. All orders must be accompanied web site by full payment. Refunds will only be given if the goods are faulty. Please allow Order total: 28 days from receipt of order. @ Aston Title Name Address Postcode Country Where are Telephone Email Tick as appropriate they now? ❏ I enclose a cheque in pounds sterling drawn on a bank in England for £ ❏ I wish to pay by MasterCard/Visa/Switch/Access/Delta/Solo. Please charge to my account. Card number Expiry date Name on card Cardholder’s signature Issue number 32 614 Aston Autumn issue9 10/4/02 3:49 pm Page 2 Contents Sarah Pymm Alumni Relations Officer his, the ninth edition of Apex, really is taking us Employment opportunities go online 4 T to the four corners of the earth. -
FY'2019 Kenya Listed Banking Sector Report Vf
Kenya Listed Commercial Banks Review Cytonn FY’2019 Banking Sector Report “Increased Consolidation in the Banking Sector” 19th April, 2020 Table of Contents 1 Introduction to Cytonn 5 Bank Valuation Reports 2 Kenya Economic Review and Outlook 6 Appendix 3 Banking Sector Overview 7 Q&A/AOB 4 Listed Banking Sector Metrics www.cytonn.com 2 I. Introduction to Cytonn 3 About Us Cytonn Investments is an alternative investment manager, with real estate development capability, and a primary focus on private equity and real estate investments in the high growth Kenyan Region. Cytonn has a unique strategy of coupling two compelling demand areas - the lack of high yielding investment products and the lack of institutional grade real estate. We provide high yielding investment instruments to attract funding from investors, and we deploy that funding to largely pre- sold investment grade real estate. With offices in Kenya and Washington, DC - USA, we are primarily focused on offering alternative investment solutions to global and local institutional investors, individual high net-worth investors, and diaspora investors interested in the East-African region. Real estate investments are made through our development affiliate, Cytonn Real Estate, where we currently have over Kshs. 82 billion (USD 820 mn) of proJects under mandate across ten proJects. In private equity, we invest in banking, education, and hospitality. Over Kshs. 82 Seven offices across 2 Over 500 staff 10 investment billion worth of continents members, including ready projects in 82 projects under 7 500 Cytonn Distribution 10 real estate mandate A unique franchise differentiated by: Independence & Investor Alternative Investments Focus Strong Alignment Committed Partners Specialized focus on Focused on serving the Every staff member is an Strong global and local alternative assets - interest of clients, which is ownerin the firm. -
The International Sports Law Journal 2007, No
Omslag_ISLJ2007_1-2 26-06-2007 11:43 Pagina 1 The InternationalSportsLawJournal 2007/1-4 2007/1-2 Doping Corruption in Sport Council of Europe Player’s Agents European Sports Law Announcements CONTENTS EDITORIAL 2 ARTICLES The “Official Statement from WADA on the The Laurent Piau Case of the ECJ on the Vrijman Report”: Unintentional Proof to the Status of Players’ Agents 43 Contrary? 3 Roberto Branco Martins Emile Vrijman France 52 Proportionality in the World Anti-Doping Code: Delphine Verheyden Is There Enough Room for Flexibility? 10 Jannica Houben Germany 58 Martin Schimke Sports People’s Right to Defence under the New Spanish Anti-Doping Law. A Perspective 19 Italy 65 Fernando del Cacho Millán Luca Ferrari On the Front Foot Against Corruption 21 Spain 75 Urvasi Naidoo and Simon Gardiner José M. Rey The Council of Europe and Sport 30 United Kingdom 82 Stanislas Frossard Nick White European Sports Law: Collected Papers 33 Wayne Rooney Wins Domain Name Dispute 92 Stephen Weatherill Ian Blackshaw Regulating Players’ Agents: A Global 38 Perspective Richard Parrish PAPERS The European Union and Sport: Law and Policy 99 Effects of the EU Anti-Doping Laws and Robert C.R. Siekmann Politics for the International and Domestic Sports Law in Member States 111 Freedom of Movement in Relation to Sport 100 Magdalena Kedzior Roberto Branco Martins Conceptual Approaches to Protecting the Corruption in Sport: Time for an EU Statement Publicity Value of Athletes in Germany and the of Integrity and Good Conduct in Sport? 108 United States 114 Jack Anderson -
BASL Vol 15 2
VOLUME 15 · ISSUE 2 · 2007 sport and the law journal ISSUE 2 VOLUME 15 SPORT AND THE LAW JOURNAL Editor British Association for Sport and Law Limited Simon Gardiner c/o The School of Law, King’s College London Strand, London WC2R 2LS Editorial Board Telephone: 020 7848 2278, Fax: 020 7848 2788 Dr Hazel Hartley Murrey Rosen QC www.britishsportslaw.org Dr Richard Parrish Jonathan Taylor Martin Matthews Registered Office Registered in England. Company No. 4947540. Directors Registered Office: 66 Lincoln’s Inn Fields Michael Beloff QC: President London WC2A 3LH. Mel Goldberg: Chairman VAT Reg No. 673 5989 73 Paul Harris: Deputy Chairman Gerry Boon: Hon. Treasurer ISSN 1353-0127 Serena Hedley-Dent: Hon. Secretary Darren Bailey Graphic design Morris Bentata www.heliographic.co.uk Nick Bitel Stephen Boyd Sara Friend Edward Grayson Jane Mulcahy Walter Nichols Murray Rosen QC Sam Rush Jonathan Taylor Maurice Watkins VOLUME 15 · ISSUE 2 · 2007 Contents Editorial 2 Opinion and Practice Interview with Michael Beloff QC 4 Stephen Boyd Annual Review of Football Finance 2007 11 Highlights Sports Business Group at Deloitte Analysis On the front foot against corruption 16 Simon Gardiner and Urvasi Naidoo Sport Governance and EU legal order: 28 Present and future Professor Melchior Wathelet Survey and Reports Sports Law Foreign Update 43 Walter Cairns 1 ISSUE 2 VOLUME 15 SPORT AND THE LAW JOURNAL Editorial By Simon Gardiner, Editor This issue of the Sport and the Law Journal concerns a Subsequently, in March 2007, the European Parliament number of on-going and current topics. The Opinion and adopted a resolution on “The Future of Professional Practice section provides an interview with the Right Football in Europe”, the content of which was partly Hon. -
Sampdoria, Chi Resta Fra Colley E Murillo? Di Claudio Nucci 10 Agosto 2021 – 15:36
1 Sampdoria, chi resta fra Colley e Murillo? di Claudio Nucci 10 Agosto 2021 – 15:36 Genova. Stando a quanto riportato dai media, ben nove squadre sarebbero interessate ad Antonino La Gumina (Brescia, Como, Crotone, Parma, Perugia, Pisa, Reggina, Ternana e Vicenza)… ma l’ex centravanti del Palermo aspira ad un club di Serie A… per cui : “chi vivrà, vedrà”… Di certo, visto che D’Aversa non gli ha dato spazio neppure nell’amichevole col Verona, difficilmente lo vedremo in campo nell’esordio ufficiale dellaSamp , in Coppa Italia, contro l’Alessandria di Moreno Longo, in programma a Marassi il prossimo 16 agosto. I grigi hanno infatti battuto il Padova 2-0, con una delle due reti segnata da Simone Corazza, passato senza fortuna da Bogliasco nel 2013. Ronaldo Vieira viene dato ormai in Inghilterra, in attesa di poter effettuare le visite mediche disposte dallo Sheffield, mentre non ci sono novità su Kristoffer Askildsen, tuttora nel mirino di Brescia, Cremonese, Perugia e Pisa, stimolate a prenderlo dalla sua prestazione in crescendo contro l’Hellas, quando dopo la timidezza iniziale, ha dimostrato di avere buona personalità per gestire la palla. Qualora partissero entrambi, ecco crearsi lo spazio per un quarto centrocampista centrale (oltre a Albin Ekdal, Adrien Silva e Morten Thorsby, sempre che resti), necessario per avere doppie alternative nel duo del 4-2-3-1, che potrebbe essere per l’appunto Tommaso Pobega, giovane talento milanista, reduce da una positiva stagione con loSpezia, fatti Genova24.it - 1 / 2 - 29.09.2021 2 salvi i problemi derivanti dalla concorrenza Cagliari( e Torino) e dalla volontà del management rossonero di darlo solo in prestito. -
PDF Numbers and Names
CeLoMiManca Checklist U.C. Sampdoria Le figurine 2018/19 1 scudetto 21 rafael cabral 41 jacopo sala 61 junior tavares 81 lorenzo tonelli 2 scudetto 22 rafael cabral 42 jacopo sala 62 junior tavares 82 lorenzo tonelli 3 scudetto 23 rafael cabral 43 omar colley 63 junior tavares 83 lorenzo tonelli 4 scudetto 24 rafael cabral 44 omar colley 64 junior tavares 84 lorenzo tonelli 5 il presidente 25 vid belec 45 omar colley 65 junior tavares 85 nicola murru 6 la formazione 26 vid belec 46 omar colley 66 junior tavares 86 nicola murru 7 la formazione 27 vid belec 47 omar colley 67 bartosz bereszynski 87 nicola murru 8 marco giampaolo 28 vid belec 48 omar colley 68 bartosz bereszynski 88 nicola murru 9 marco giampaolo 29 vid belec 49 maxime leverbe 69 bartosz bereszynski 89 nicola murru 10 marco giampaolo 30 vid belec 50 maxime leverbe 70 bartosz bereszynski 90 nicola murru 11 marco giampaolo 31 vid belec 51 maxime leverbe 71 bartosz bereszynski 91 gabriele rolando 12 marco giampaolo 32 joachim andersen 52 maxime leverbe 72 bartosz bereszynski 92 gabriele rolando 13 emil audero 33 joachim andersen 53 maxime leverbe 73 alex ferrari 93 gabriele rolando 14 emil audero 34 joachim andersen 54 maxime leverbe 74 alex ferrari 94 gabriele rolando 15 emil audero 35 joachim andersen 55 vasco regini 75 alex ferrari 95 gabriele rolando 16 emil audero 36 joachim andersen 56 vasco regini 76 alex ferrari 96 gabriele rolando 17 emil audero 37 jacopo sala 57 vasco regini 77 alex ferrari 97 rolando vieira 18 emil audero 38 jacopo sala 58 vasco regini 78 alex ferrari 98 rolando vieira 19 rafael cabral 39 jacopo sala 59 vasco regini 79 lorenzo tonelli 99 rolando vieira 20 rafael cabral 40 jacopo sala 60 vasco regini 80 lorenzo tonelli 100 rolando vieira CeLoMiManca www.celomimanca.it U.C. -
SPEC Barometer, 2Nd QTR 2018 First Media Release
SPEC Barometer, 2nd QTR 2018 First Media Release PREPARED BY: IPSOS PREPARED FOR: GENERAL MEDIA RELEASE RELEASE DATE: 22 AUGUST 2018 © 2018 Ipsos. All rights reserved. Contains Ipsos' Confidential and Proprietary information and may not be disclosed or reproduced without the prior written consent of Ipsos. 1 © 2018 Ipsos. Contents 01 Methodology 02 Demographics + Recent Events Awareness of Recent Corruption Most Serious Problem in Kenya: 04 Scandals and Perceived Associated 03 Corruption Trend Analysis Individuals Perceived Most Corrupt Past and President’s Perceived Commitment to Current Leaders, Expectations of 06 Fighting Corruption and Expectations of 05 Convictions Success Perceived Main Impediments to Belief that a Corrupt Person Can Be a 07 Reducing Corruption/Suggested 08 Good Leader Measures to More Effectively Combat It Expectations for Criminal Accountability: 09 “Big People” vs. “People Like Me” 10 Kenya’s Direction and Reasons 2 © 2018 Ipsos. METHODOLOGY 33 © 2018 Ipsos. Methodology Dates of Fieldwork 25TH July– 2nd August, 2018 Sample Size 2,016 (Total Individual Contacts: 3, 484) Random, Multi-stage stratified using PPS (proportionate Sampling Methodology to population size) Spread across 46 counties Kenyan adults, aged 18 and above living in Urban and Population Universe Rural areas Data Collection Face-to-Face interviews at the household level Methodology +/-2.16% with a 95% confidence level Sampling Error (Note: Higher error-margins for sub-samples) Interview Languages English, Swahili, Somali 4 © 2018 Ipsos. Sample Structure Statistics: Across 46 Counties Population Census of % Sample Frame statistics % Region (July 2018) 2009 Of *Weighted data of Sample Adults (18 years +) Population Central 268 13 2,548,038 13 Coast 174 9 1,711,549 9 Eastern 303 15 2,907,293 15 Nairobi 214 11 2,042,770 10 North Eastern 98 5 929,158 5 Nyanza 262 13 2,547,980 13 Rift Valley 496 25 4,795,482 25 Western 203 10 1,980,090 10 5 © 2018 Ipsos. -
Bank Supervision Annual Report 2019 1 Table of Contents
CENTRAL BANK OF KENYA BANK SUPERVISION ANNUAL REPORT 2019 1 TABLE OF CONTENTS VISION STATEMENT VII THE BANK’S MISSION VII MISSION OF BANK SUPERVISION DEPARTMENT VII THE BANK’S CORE VALUES VII GOVERNOR’S MESSAGE IX FOREWORD BY DIRECTOR, BANK SUPERVISION X EXECUTIVE SUMMARY XII CHAPTER ONE STRUCTURE OF THE BANKING SECTOR 1.1 The Banking Sector 2 1.2 Ownership and Asset Base of Commercial Banks 4 1.3 Distribution of Commercial Banks Branches 5 1.4 Commercial Banks Market Share Analysis 5 1.5 Automated Teller Machines (ATMs) 7 1.6 Asset Base of Microfinance Banks 7 1.7 Microfinance Banks Market Share Analysis 9 1.8 Distribution of Foreign Exchange Bureaus 11 CHAPTER TWO DEVELOPMENTS IN THE BANKING SECTOR 2.1 Introduction 13 2.2 Banking Sector Charter 13 2.3 Demonetization 13 2.4 Legal and Regulatory Framework 13 2.5 Consolidations, Mergers and Acquisitions, New Entrants 13 2.6 Medium, Small and Micro-Enterprises (MSME) Support 14 2.7 Developments in Information and Communication Technology 14 2.8 Mobile Phone Financial Services 22 2.9 New Products 23 2.10 Operations of Representative Offices of Authorized Foreign Financial Institutions 23 2.11 Surveys 2019 24 2.12 Innovative MSME Products by Banks 27 2.13 Employment Trend in the Banking Sector 27 2.14 Future Outlook 28 CENTRAL BANK OF KENYA 2 BANK SUPERVISION ANNUAL REPORT 2019 TABLE OF CONTENTS CHAPTER THREE MACROECONOMIC CONDITIONS AND BANKING SECTOR PERFORMANCE 3.1 Global Economic Conditions 30 3.2 Regional Economy 31 3.3 Domestic Economy 31 3.4 Inflation 33 3.5 Exchange Rates 33 3.6 Interest -
Macro Report Comparative Study of Electoral Systems Module 4: Macro Report September 10, 2012
Comparative Study of Electoral Systems 1 Module 4: Macro Report Comparative Study of Electoral Systems Module 4: Macro Report September 10, 2012 Country: Kenya Date of Election: 4 March 2013 Prepared by: Matthias Krönke, Abel Oyuke and Robert Mattes Date of Preparation: 23 November 2016 NOTES TO COLLABORATORS: . The information provided in this report contributes to an important part of the CSES project. The information may be filled out by yourself, or by an expert or experts of your choice. Your efforts in providing these data are greatly appreciated! Any supplementary documents that you can provide (e.g., electoral legislation, party manifestos, electoral commission reports, media reports) are also appreciated, and may be made available on the CSES website. Answers should be as of the date of the election being studied. Where brackets [ ] appear, collaborators should answer by placing an “X” within the appropriate bracket or brackets. For example: [X] . If more space is needed to answer any question, please lengthen the document as necessary. Data Pertinent to the Election at which the Module was Administered 1a. Type of Election [] Parliamentary/Legislative [X] Parliamentary/Legislative and Presidential [ ] Presidential [ ] Other; please specify: __________ 1b. If the type of election in Question 1a included Parliamentary/Legislative, was the election for the Upper House, Lower House, or both? [ ] Upper House [ ] Lower House [X] Both [ ] Other; please specify: __________ Comparative Study of Electoral Systems 2 Module 4: Macro Report 2a. What was the party of the president prior to the most recent election, regardless of whether the election was presidential? Party of National Unity and Allies (National Rainbow Coalition) 2b. -
Sampdoria, Fumo Di Londra Per Morten Thorsby, Omar Colley E Ronaldo Vieira? Di Claudio Nucci 04 Agosto 2021 – 21:37
1 Sampdoria, fumo di Londra per Morten Thorsby, Omar Colley e Ronaldo Vieira? di Claudio Nucci 04 Agosto 2021 – 21:37 Genova. “Fumo di Londra” per” per Morten Thorsby, Omar Colley e Ronaldo Vieira? Per il norvegese e il gambiano non sarebbe, a dire il vero, un viaggio ‘all’Alberto Sordi’, nel film in cui il comico romano fece il suo esordio da regista, ma rappresenterebbe probabilmente un ‘up grade’ di carriera notevole, visto che Thorsby, prima della Samp, ha giocato in Olanda nell’Heerenveen e Colley in Belgio nel Genk… e adesso li vogliono in Premier League (Morten all’Watford e Omar al Brighton), mentre per l’anglo guineense portoghese, prelevato dal Leeds tre anni fa, sarebbe un semplice ‘come back’ nello Yorkshire, solo qualche miglia più a sud, a Sheffield (appena retrocesso in Championship), per l’esattezza. A dire il vero, le ultime news, riferiscono di un accordo fra Watford e Parma, per la cessione al team britannico dello slovaccoJuraj Kucka, ma se così fosse, i più felici sarebbero i tifosi della Samp, che hanno fatto di Thorsby una bandiera. ‘No England, no party’, verrebbe da dire ed invece anche la costa amalfitana sembra attirare tanti dei giocatori dellaSamp in cerca di sistemazione… Dopo Federico Bonazzoli, a Salerno vorrebbero anche Gianluca Caprari, Fabio Depaoli, e Genova24.it - 1 / 2 - 28.09.2021 2 Julian Chabot (ma lo vogliono anche Udinese e Spezia), Wladimiro Falcone (nei desideri di tanti, a partire dallo stesso Spezia, dal Venezia, dal Brescia, dal Crotone, dal Cosenza)… Insomma, ai piedi del monte Bonadies, dove sorge l’antico Castello di Arechi, si direbbero intenzionati ad aprire una succursale blucerchiata, fatti salvi i loro colori granata… E se poi, restando Audero, Falcone deve essere mandato a giocare, a fare il dodicesimo al Doria, non sarebbe una cattiva idea prendereAdrian Šemper, magari nel frattempo svincolatosi.