Ncba Integrated Report 2020
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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. -
It Runs in the Family
TRENDS INTEL INDUSTRY REGION PURSUITS SUSTAINABLE BANKING STAWI PENSION EAST AFRICA TRAVEL GEMS NOT FOR SALE NOT Corporate Magazine | October2020 - January, 2021 A society in business It runs in Making Mulleys the Family Things cannot Secrets of building a great just fall family business into place Also in this issue, updates on the COVID 19 vaccine and how Biden will approach Africa The Ultimate Trade Finance Solutions 18 How Biden will approach Africa Biden has promised to “bring Our services include: to the presidency decades of • Pre-Shipment Finance/Pre-Export Finance foreign policy experience and a • LPO Financing/Supply Chain Financing demonstarted committment to Africa.” • Bills/Invoice Discounting Facilities • Stock Financing Facilities • Documentary Collections • Bank Guarantees/Bonds • Post-Import Finance 6 • Letters of Credit KCB bags major green finance deal CONTACT US TODAY: The bank is the first lender in Kenya and private sector entity Call: 0711 087 000 or 0732 187 000 to receive this accreditation Email: [email protected] cementing the sustainability Web: www.kcbgroup.com thought leadership efforts within the Group 44 Side-stepping the common pitfalls of family businesses The challenges of family businesses can be summed up to governance and succession 10 First annuity road paves way for more The road construction contract 12 was awarded to Intex Raf Construction Company at a cost Will Africa get the short end of the vaccine stick again? of KShs8 billion and financed by Kenya among countries in which trials -
The Kenya Power & Lighting Company Plc Half-Year Financial Statements 31
THE KENYA POWER & LIGHTING COMPANY PLC HALF-YEAR FINANCIAL STATEMENTS 31 DECEMBER 2020 THE KENYA POWER & LIGHTING COMPANY PLC FINANCIAL STATEMENTS FOR SIX MONTHS PERIOD ENDED 31 DECEMBER 2020 CONTENTS PAGES Report of the Directors 2 Statement of Comprehensive Income 3 Statement of Financial Position 4 Statement of Changes in Equity 5 Statement of Cash Flows 6 Notes to the Financial Statements 7 - 22 1 THE KENYA POWER & LIGHTING COMPANY PLC REPORT OF THE DIRECTORS The Directors submit the unaudited interim financial statements for the six months’ period ended 31 December 2020 ACTIVITIES The core business of the Company continues to be the transmission, distribution and retail of electricity purchased in bulk from The Kenya Electricity Generating Company Limited (KenGen), Independent Power Producers (IPPs), Uganda Electricity Transmission Company (UETCL) and Tanzania Electric Supply Company Limited (TANESCO). RESULTS Shs’000 Profit before Taxation 332,658 Taxation charge (194,297) Profit for the Period 138,361 DIVIDENDS The Directors recommend no payment of interim dividend for the period. 2 THE KENYA POWER & LIGHTING COMPANY PLC STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE SIX MONTHS PERIOD ENDED 31 DECEMBER 2020 Note 31.12.2020 31.12.2019 Revenue Shs’ 000 Shs’ 000 Electricity Sales 2 (a) 61,497,156 61,241,134 Foreign Exchange adjustment 2 (a) 2,662,375 571,532 Fuel cost adjustment 2 (a) 4,855,056 7,793,993 69,014,587 69,606,659 Power Purchase Costs Non Fuel Power Purchase Costs 3 (a) (38,122,496) (37,190,151) Foreign -
Annual Report 2019 East African Development Bank
Your partner in development ANNUAL REPORT 2019 EAST AFRICAN DEVELOPMENT BANK 2 2019 ANNUAL REPORT EAST AFRICAN DEVELOPMENT BANK EAST AFRICAN DEVELOPMENT BANK EAST AFRICAN DEVELOPMENT BANK ANNUAL REPORT 2019 3 2019 ANNUAL REPORT EAST AFRICAN DEVELOPMENT BANK CORPORATE PROFILE OF EADB Uganda (Headquarters) Plot 4 Nile Avenue EADB Building P. O. Box 7128 Kampala, Uganda Kenya Country office, Kenya 7th Floor, The Oval Office, Ring Road, Rwanda REGISTERED Parklands Westland Ground Floor, OFFICE AND P.O. Box 47685, Glory House Kacyiru PRINCIPAL PLACE Nairobi P.O. Box 6225, OF BUSINESS Kigali Rwanda Tanzania 349 Lugalo/ Urambo Street Upanga P.O. Box 9401 Dar es Salaam, Tanzania BANKERS Uganda (Headquarters) Standard Chartered –London Standard Chartered – New York Standard Chartered - Frankfurt Citibank – London Citibank – New York AUDITOR Standard Chartered – Kampala PricewaterhouseCoopers Stanbic – Kampala Certified Public Accountants, Citibank – Kampala 10th Floor Communications House, 1 Colville Street, Kenya P.O. Box 882 Standard Chartered Kampala, Uganda Rwanda Bank of Kigali Tanzania Standard Chartered 4 2019 ANNUAL REPORT EAST AFRICAN DEVELOPMENT BANK EAST AFRICAN DEVELOPMENT BANK ESTABLISHMENT The East African Development Bank (EADB) was established in 1967 SHAREHOLDING The shareholders of the EADB are Kenya, Uganda, Tanzania and Rwanda. Other shareholders include the African Development Bank (AfDB), the Netherlands Development Finance Company (FMO), German Investment and Development Company (DEG), SBIC-Africa Holdings, NCBA Bank Kenya, Nordea Bank of Sweden, Standard Chartered Bank, London, Barclays Bank Plc., London and Consortium of former Yugoslav Institutions. MISSION VISION OUR CORE To promote sustain- To be the partner of VALUES able socio-economic choice in promoting development in East sustainable socio-eco- Africa by providing nomic development. -
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. -
Absa Bank 22
Uganda Bankers’ Association Annual Report 2020 Promoting Partnerships Transforming Banking Uganda Bankers’ Association Annual Report 3 Content About Uganda 6 Bankers' Association UBA Structure and 9 Governance UBA Member 10 Bank CEOs 15 UBA Executive Committee 2020 16 UBA Secretariat Management Team UBA Committee 17 Representatives 2020 Content Message from the 20 UBA Chairman Message from the 40 Executive Director UBA Activities 42 2020 CSR & UBA Member 62 Bank Activities Financial Statements for the Year Ended 31 70 December 2020 5 About Uganda Bankers' Association Commercial 25 banks Development 02 Banks Tier 2 & 3 Financial 09 Institutions ganda Bankers’ Association (UBA) is a membership based organization for financial institutions licensed and supervised by Bank of Uganda. Established in 1981, UBA is currently made up of 25 commercial banks, 2 development Banks (Uganda Development Bank and East African Development Bank) and 9 Tier 2 & Tier 3 Financial Institutions (FINCA, Pride Microfinance Limited, Post Bank, Top Finance , Yako Microfinance, UGAFODE, UEFC, Brac Uganda Bank and Mercantile Credit Bank). 6 • Promote and represent the interests of the The UBA’s member banks, • Develop and maintain a code of ethics and best banking practices among its mandate membership. • Encourage & undertake high quality policy is to; development initiatives and research on the banking sector, including trends, key issues & drivers impacting on or influencing the industry and national development processes therein through partnerships in banking & finance, in collaboration with other agencies (local, regional, international including academia) and research networks to generate new and original policy insights. • Develop and deliver advocacy strategies to influence relevant stakeholders and achieve policy changes at industry and national level. -
Kelvin N. Njoka
KELVIN N. NJOKA PRODUCT MANAGER| BUS INESS ANALYST | PROJECT MANAGER EXPERIENCE EDUCATION OCT 2020 – PRESENT 2009 - 2012 Equity Bank Kenya Limited MASTER OF BUSINESS ADMINISTRATION GROUP HEAD, MOBILE BANKING UNIVERSITY OF NAIROBI Responsible for strategic implementation of Mobile payment products and integrated services for the Equity group. The role is also responsible for the 2003 - 2007 profitable management of the Mobile Channels P&L. B.SC. SOFTWARE ENGINEERING UNIVERSITY OF EASTERN AFRICA, BARATON MAR 2019 – OCT 2020 NCBA Bank Kenya PLC SENIOR PRODUCT MANAGER SKILLS & COMPETENCIES The role was responsible for providing strategic direction, and leadership to cross-functional teams Product Management Change management charged with the formulation and deployment of Business Analysis Innovation management product strategies, with key focus on business model Project Management Systems Analysis & Design development for digital financial services. Data Analytics UI/UX design (mobile & web) OCT 2017 – FEB 2019 Business Management Graphic design Commercial Bank of Africa Limited Business Process Management Coding PROJECT LEAD, PRODUCT IMPLEMENTATION The role involved definition and implementation of CBA group’s product management framework. This framework redefined the organizations’ product lines, PROFFESSIONAL TRAINING & CERTIFICATION alignment to identified customer segments and PROJECT MANAGEMENT - PRINCE 2 | NO. 9980007523277653 definition of product lifecycle management strategies. CERTIFIED PRODUCT MANAGER NOV 2015 – SEP 2017 Commercial -
Hy 2020 Results
HY 2020 RESULTS 1 CUSTOMERS 24.6 MILLION OUR REGIONAL PRESENCE 359 BRANCHES 1,082 ATMS, Banking Businesses: 23,192 AGENTS & MERCHANTS •KCB Bank Kenya •KCB Bank Tanzania STAFF •KCB Bank South Sudan 7,814 •KCB Bank Rwanda •KCB Bank Uganda •KCB Bank Burundi KCB BANK KENYA (ETHIOPIA •National Bank of Kenya KCB BANK REPRESENTATIVE •Ethiopia Rep. Office SOUTH SUDAN OFFICE ) KCB BANK KENYA Other Investments: KCB BANK NATIONAL BANK OF KENYA UGANDA • KCB Capital Limited KCB INSURANCE AGENCY KCB FOUNDATION • KCB Insurance Agency KCB CAPITAL KCB BANK • KCB Foundation RWANDA • Kencom House Limited KCB BANK KCB BANK BURUNDI TANZANIA 2 OUR FOOTPRINT Branches 12 Ethiopia South ATMs 3 Sudan Agents 42 (Representative Office Staff 118 with 1 staff) Touch Points: Branches 15 Uganda ATMs 18 Agents 530 Branches 300 Staff 271 ATMs 357 Kenya Agents 13,412 Branches 12 Staff 6,774 ATMs 25 Rwanda Agents 415 Staff 249 Branches 14 ATMs 15 Branches 6 Tanzania Agents 172 ATMs 7 Staff 274 Burundi Agents 185 Staff 127 3 CREDIT RATINGS RATING AGENCY SOVEREIGN KCB BANK KENYA Credit Ratings at par with the Sovereign Rating B2 (Negative) B2 (Negative) B+/B B+/B (Negative) (Negative) 4 KCB 2JIAJIRI 2JIAJIRI BENEFICIARIES AGRIBUSINESS PROGRAMME 19,080 PER SECTOR BUILDING AND HIGHLIGHTS CONSTRUCTION BEAUTY AND 9,910 PERSONAL CARE AUTOMOTIVE 3,480 ENGINEERING 2,083 FUTURE OF 2JIAJIRI DOMESTIC Catalyze job and wealth SERVICES creation for at least 1,638 36,706 2,000,000 ICT youth engaged in the informal BENEFICIARIES TO 515 DATE sector within Eastern Africa 5-year investment of over KShs 50 billion Male : Female Ratio to nurture and grow youthful and Kenya 35,949 SME entrepreneurs Tanzania ‘Young Africa Works’ 54:46 357 Rwanda KShs 10 billion funding 300 from the MasterCard Foundation Uganda to scale up the Bank’s 2jiajiri job 100 creation programme 5 KCB FOUNDATION Peter Kanyi, Owner, D-DEKX Autocare, Nairobi CASE STUDIES • Studied mechanical and electrical engineering at Eastlands College of Technology under 2jiajiri. -