DOCSLIB.ORG

Annual Report & Financial Statements

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report & Financial Statements 2018 Annual Report & Financial Statements 1 2 3 VISION MISSION VALUES A leading provider of To provide secure, Bankability; innovative solutions for efficient custody, Transactional trust custody, clearing and clearing, settlement Integrity; Public reliability settlement services. and related services Customer centric; to all stakeholders Market solutions by leveraging on Professionalism; technology and service Competence excellence. Confidentiality; Non-disclosure Stewardship; Wise and just use of talent and resources in a collaborative manner 2 TABLE OF CONTENTS Group Information 03 REPORT TO 04 SHAREHOLDERS BOARD OF DIRECTORS 09 AND MANAGEMENT PROFILES FINANCIAL 24 STATEMENTS Stakeholder 82 2018 & Financial Statements | Annual Report INFORMATION CDSC 1 TRACK YOUR CDS ACCOUNT ANYWHERE, ANYTIME WITH THE NEW CDSC MOBILE APP The new CDSC Mobile Application allows you to keep track of your investments in real time. Investors can enjoy a wide range of benefits including: • Real time account tracking 24/7 • View transaction history • Receive alerts on transactions and corporate actions • Personalized account information CDSC DATA VENDING SERVICE Did you know you can get access to market transactional data for all accounts held in the CDS system? CDSC Data Vending Service, offers a wide range of data sets that can carter for both the commercial and academic needs of our clients. Contact us through our email on [email protected] for facilitation on all your data needs. OTHER CDSC PRODUCTS AND SERVICE OFFERING DEPOSITORY SERVICES • Holding of securities in CDS • Movement of securities within CDAs • Transfer of securities to beneficiaries or as gifts • Investors can use shares to secure loans with lending institutions REGISTRY SERVICES Through our subsidiary company CDSCR, we offer; • IPO processing and register creation. • Administration of AGMs / EGMs • Processing of entitlement / dividend payments • Register maintenance Settlement • Settlement of equities, corporate bonds and M-Akiba bonds. CLIENT SERVICES • We send CDS account holders monthly statements via post office, if there is an activity in their account within that month. • CDS account holders get statements conveniently via their email address every month. Visit your CDA (Stockbroker or custodian) and update your email address. • Visit www.cdsckenya.com; go to the client portal and follow instructions to view your account • You can access your CDS account and view your statement through the CDSC Mobile Application downloadable from Apple and Google PlayStores • Email us on [email protected] to access in depth capital markets related data sets through the CDSC Data Vending Service CONTACTS US AT Nation Center, 10th Floor, Kimathi Street | P.O. Box 3464-00100 GPO Nairobi, Kenya +254 (020) 2912000/ +254 (0) 724256130 / +254 (0) 733222033 2 [email protected] @cdsckenya @cdsckenya GROUP INFORMATION BOARD OF DIRECTORS CHIEF EXECUTIVE OFFICER Charles Ogalo Rose Mambo Bob Karina Ashok Shah Eunice Kariuki Geoffrey Odundo Peter Mwangi Samuel Kimani Aida Kimemia - Nesbitt Isaac Awuondo REGISTERED OFFICE AUDITOR GROUP SECRETARY Nation Centre, 10th Floor PKF Kenya Hilda Njeru Kimathi Street Certified Public Accountants Certified Public Secretary P.O. Box 3464 - 00100 P.O. Box 14077 - 00800 P.O. Box 3464 - 00100 NAIROBI NAIROBI NAIROBI PRINCIPAL BANKERS 2018 & Financial Statements | Annual Report CFC Stanbic Bank Limited Commercial Bank of Africa Limited P.O Box 30550 - 00100 P.O. Box 30437 - 00100 GPO CDSC NAIROBI NAIROBI SUBSIDIARIES LEGAL ADVISORS CDSC Nominees Limited KENYA Mboya Wangong’u & Waiyaki Advocates CDSC Registrars Kenya Lex Chambers, Maji Mazuri Road, Limited KENYA P.O Box 74041-00200 CDSC Registrars Rwanda NAIROBI Limited RWANDA 3 REPORT TO SHAREHOLDERS CHARLES OGALO CHAIRMAN ROSE MAMBO C.E.O 4 REPORT TO SHAREHOLDERS (continued) Dear Shareholders, It is with great pleasure that we present to you, on behalf of the Board and Management of CDSC, the Company’s Performance for the year ended 31st December 2018. Group Performance levies contributed to 79% of the group’s revenues underpinning The year 2018 was faced with Transaction levies the importance of a vibrant capital several challenges both globally increased marginally markets to CDSC’s performance. and locally that affected the Total expenses increased slightly by 1.5% YoY to Kes. 281 general performance of the by 3.3% to Kes. 268.4 million in million up from Kes. 276 Capital Markets. The local market 2018 up from Kes. 259.8 million in experienced foreign investor million. Transaction the previous year. outflows in the second half of the levies contributed to year due to international market CDSC also recorded an annualized 79% of the group’s volatility factors like the Brexit growth in total assets from Kes. revenues underpinning uncertainty and the US trade war 494.7 million in 2017 to Kes. 586.6 the importance of a with China. The Federal Reserve million in 2018 representing a Rate hikes also pulled high value growth of 18.6%. This increase vibrant capital markets investors away from emerging was attributed to the continued to CDSC’s performance. markets in favor of the developed investment in our systems markets. infrastructure. Retained earnings 2018 & Financial Statements | Annual Report also posted an increment of 21.7% The group however, recorded a in the year from Kes310.1 million in CDSC 50% net profit growth to Kes. 2017 to Kes. 377.5 million in 2018. 82,183,351 for the year 2018 up from Kes. 54,649,567 in 2017 in A total of 307,873 deals were spite of the uncertainty in our settled through the CDS system operating environment. This compared to 284,843 deals performance was mainly driven settled in 2017. The 8.1% increase by a re-measurement of bank was as a result of activity, mainly balances held with SBM Bank from foreign investors at the local Kenya formerly held at Chase bourse who were mostly net Bank (under receivership) and a sellers. The equities turnover was 5.9% growth in revenues in 2018 also positively impacted by the to Kes. 355.3 million up from Kes. trading activity rising marginally 335.6 million in 2017. Transaction by 2.34% to Kes. 175 billion in 2018 levies increased marginally by up from Kes. 171 billion in 2017. 1.5% YoY to Kes. 281 million up from Kes. 276 million. Transaction 5 REPORT TO SHAREHOLDERS (continued) In contrast, CDSC witnessed a vibrant corporate Economic Performance bonds market in 2018 with the bonds turnover The global macro-economic environment was stable increasing by 29% to Kes. 562 billion up from Kes. while the global capital markets experienced volatility 435 billion in 2017. as a result of stringent monetary policy, trade and The data cleaning exercise commenced in 2017 geopolitical tensions in leading economies. Global continued into 2018. At the close of 2018, there were market capitalization declined by 14.9% from 87.43 1,159,674 CDS accounts, a marginal increase of 0.8% trillion US Dollars in 2017 to 74.4 trillion US Dollars in compared to 1,150,270 CDS accounts recorded at the year under review while shares traded volumes the close of 2017. The objective of this exercise is were up by 11.5% to 21.9 trillion US Dollars in 2018 up to ensure that the records maintained by CDSC are from 19.64 trillion US Dollars in 2017. Global growth authentic, complete and accurately reflect the clients’ for 2018 is reported at a rate of 3.6%, a slight decline data for improved service delivery to our customers from the performance recorded in 2017 of 3.8%. and compliance with KYC requirements. The Sub-Saharan region recorded a marginal increase Following the conclusion of the sale of a 30% stake in GDP growth at 3.0% in 2018 compared to 2.9% in CDSC Registrars to Escrow Financial Services growth in 2017. Limited, CDSC Registrars transferred management of CDSC Registrars to Escrow to bring in new synergies Back home, the economic conditions were favourable. and improve performance of the business unit. Kenya’s GDP grew at an average rate of 6.3% in 2018 In 2018 CDSC Registrars recorded a loss of Kes. 7.6m compared to a 4.7% growth recorded in 2017. This compared to Kes. 7.8m loss in 2017; while CDSCR was due to positive performance from key sectors Rwanda recorded a loss of Kes. 1.1m compared to a such as agriculture and manufacturing supported by profit of Kes. accelerated growth in the transportation and services sectors. This growth is expected to be maintained 0.7m. in 2017. In contrast, CDSC This loss is in 2019 due to increased business and consumer attributed to witnessed a vibrant confidence as well as sustained low inflation levels at tax arrears corporate bonds 4.7% in 2018 compared to an average of 8% in 2017. provisions. market in 2018 with the bonds turnover increasing by 29% to Guarantee Fund Dividend Kes. 562 billion up The CDSC Guarantee Fund is managed by CDSC as Payment from Kes. 435 billion the Fund Administrator and operated in accordance The Board of in 2017. with the CDSC Operational Rules and the Guarantee Directors has Fund Procedures. The purpose of the Fund is to mitigate settlement risks by guaranteeing funds recommended a final dividend of Kes.10 per share for settlement between settlement participants in the year ended 2018 compared to Kes.6.85 in 2017. instances of one or more parties’ inability to meet settlement obligations. The Fund covers all the Central 6 REPORT TO SHAREHOLDERS (continued) Depository Agents (CDAs). These are stockbrokers, the implementation of a new technology platform, investment banks and custodian banks. which will enable the introduction of new products such as securities lending and borrowing and intra As at the close of 2018, the CDSC Guarantee Fund day trading, and (c) fulfillment of CDSC’s role under recorded a net surplus of Kes.
Load more

Recommended publications
  • State Bank of Mauritius (Sbm) Holdings Limited Analysis: Is Investors Cash Safe with Sbm?
    STATE BANK OF MAURITIUS (SBM) HOLDINGS LIMITED ANALYSIS: IS INVESTORS CASH SAFE WITH SBM? January 2018 i List of Abbreviations: BOM – Bank of Mauritius CBK – Central bank of Kenya EOI – Expression of Interest KDIC – Kenya Deposit Insurance Corporation Kes – Kenya Shillings NAV – Net Assets Value SEMTRI - Stock Exchange of Mauritius Total Return Index SEM – Stock Exchange of Mauritius SBM – State bank of Mauritius ROE – Return on Equity USD – United States Dollar ii Table of Contents Executive Summary ........................................................ 1 Bank Overview.............................................................. 2 Ownership and Governance .............................................. 2 Corporate Governance .................................................... 3 SBM Stock Performance ................................................... 5 SBMH Acquisition of Fidelity Commercial Bank (Kenya) ............. 5 SBM Financial Performance ............................................... 6 SBM Holding Comparison with some selected Kenyan Banks ........ 9 SBM’s Binding Offer on Chase Bank ................................... 10 Chase Bank Acquisition Terms ......................................... 10 Fusion’s View on the terms of this deal .............................. 11 Fusion’s View on SBM Bank acquiring Chase Bank .................. 12 iii Executive Summary SBM Holdings ‘SBM’ was founded in 1973 by the Government of Mauritius and was listed in the Stock Exchange of Mauritius ‘SEM’ in 1995. The Bank is engaged in banking, non-banking
    [Show full text]
  • Automated Clearing House Participants Bank / Branches Report
    Automated Clearing House Participants Bank / Branches Report 21/06/2017 Bank: 01 Kenya Commercial Bank Limited (Clearing centre: 01) Branch code Branch name 091 Eastleigh 092 KCB CPC 094 Head Office 095 Wote 096 Head Office Finance 100 Moi Avenue Nairobi 101 Kipande House 102 Treasury Sq Mombasa 103 Nakuru 104 Kicc 105 Kisumu 106 Kericho 107 Tom Mboya 108 Thika 109 Eldoret 110 Kakamega 111 Kilindini Mombasa 112 Nyeri 113 Industrial Area Nairobi 114 River Road 115 Muranga 116 Embu 117 Kangema 119 Kiambu 120 Karatina 121 Siaya 122 Nyahururu 123 Meru 124 Mumias 125 Nanyuki 127 Moyale 129 Kikuyu 130 Tala 131 Kajiado 133 KCB Custody services 134 Matuu 135 Kitui 136 Mvita 137 Jogoo Rd Nairobi 139 Card Centre Page 1 of 42 Bank / Branches Report 21/06/2017 140 Marsabit 141 Sarit Centre 142 Loitokitok 143 Nandi Hills 144 Lodwar 145 Un Gigiri 146 Hola 147 Ruiru 148 Mwingi 149 Kitale 150 Mandera 151 Kapenguria 152 Kabarnet 153 Wajir 154 Maralal 155 Limuru 157 Ukunda 158 Iten 159 Gilgil 161 Ongata Rongai 162 Kitengela 163 Eldama Ravine 164 Kibwezi 166 Kapsabet 167 University Way 168 KCB Eldoret West 169 Garissa 173 Lamu 174 Kilifi 175 Milimani 176 Nyamira 177 Mukuruweini 180 Village Market 181 Bomet 183 Mbale 184 Narok 185 Othaya 186 Voi 188 Webuye 189 Sotik 190 Naivasha 191 Kisii 192 Migori 193 Githunguri Page 2 of 42 Bank / Branches Report 21/06/2017 194 Machakos 195 Kerugoya 196 Chuka 197 Bungoma 198 Wundanyi 199 Malindi 201 Capital Hill 202 Karen 203 Lokichogio 204 Gateway Msa Road 205 Buruburu 206 Chogoria 207 Kangare 208 Kianyaga 209 Nkubu 210
    [Show full text]
  • 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
    [Show full text]
  • Effect of Mobile Banking on Cost Efficiency Of
    EFFECT OF MOBILE BANKING ON COST EFFICIENCY OF COMMERCIAL BANKS IN KENYA WILLY WACHIRA MUTHII A RESEARCH PROJECT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF THE DEGREE OF MASTER OF SCIENCE IN FINANCE, SCHOOL OF BUSINESS, UNIVERSITY OF NAIROBI OCTOBER, 2019 DECLARATION I, the undersigned, declare that this is my original work and has not been presented to any institution or university other than the University of Nairobi for examination. Signed: _____________________Date: __________________________ WILLY WACHIRA MUTHII D63/64566/2013 This research project has been submitted for examination with my approval as the University Supervisor. Signed: _____________________Date: __________________________ DR. CYRUS IRAYA Department of Finance and Accounting School of Business, University of Nairobi ii ACKNOWLEDGEMENTS Quoting the words of Shannon L Adler, "When you invite people to share in your miracle, you create future allies during rough weather". This quote is a true reflection of my journey writing this research project because without the individuals involved, this journey would have been impossible. A sincere thank you goes to my supervisor Dr. Cyrus Iraya for his patience, support and guidance. For believing in my project and offering his insight and expertise in this field. For not hesitating to share his thoughts and views enabling me to be where I am today. A special thank you to Mr. Murage for his guidance and support throughout this process. Finally I would like to thank my colleagues and friends who were there to offer me support and listen to me and my views while writing this research project. They encouraged me to never give up and for that I will forever be grateful.
    [Show full text]
  • Cytonn Report a Product of Cytonn Technologies
    Affordable Housing in Kenya, & Cytonn Weekly #16/2018 Equities During the week, the equities market was on a downward trend with NASI, NSE 20 and NSE 25 losing 4.5%, 2.5% and 3.6%, respectively, taking their YTD performance to 6.7%, 0.0% and 11.4%, for NASI, NSE 20 and NSE 25, respectively. This week’s performance was driven by losses in Equity Group, Safaricom Ltd and BAT that declined by 8.1%, 6.5%, and 6.3%, respectively. For the last twelve months (LTM), NASI, NSE 20 and NSE 25 have gained 36.6%, 17.8%, and 34.9%, respectively. Equities turnover increased by 30.8% to USD 41.2 mn, from USD 31.5 mn the previous week. We expect the market to remain stable supported by positive investor sentiment this year, as investors take advantage of the attractive stock valuations in select counters. The market is currently trading at a price to earnings ratio (P/E) of 14.9x, which is 11.2% above the historical average of 13.4x, and a dividend yield of 3.6%, lower than the historical average of 3.7%. The current P/E valuation of 14.9x is 52.0% above the most recent trough valuation of 9.8x experienced in the first week of February 2017, and 79.5% above the previous trough valuation of 8.3x experienced in December 2011. The charts below indicate the historical P/E and dividend yields of the market. During the week, SBM Bank Kenya Limited completed the acquisition of certain assets and liabilities of Chase Bank Limited that was under receivership.
    [Show full text]
  • Cytonn Africa Financial Services Fund Annual Report and Financial Statements for the Year Ended 31December2020
    CYTONN AFRICA FINANCIAL SERVICES FUND ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31DECEMBER2020 CYTONN AFRICA FINANCIAL SERVICES FUND ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31DECEMBER2020 CONTENTS PAGE Fund information 2 Report of the Trustees 2-4 Statement of Trustee's Responsibilities 5 Report of the Fund Manager 6-7 Report of the Custodian 8 Report of Independent Auditor 9 - 11 Financial statements: - Statement of comprehensive income 12 Statement of financial position 13 Statement of changes in net assets 14 Statement of cash flows 15 Notes to the financial statements 16 - 27 CYTONN AFRICA FINANCIAL SERVICES FUND FUND INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2020 Corporate Trustee Natbank Trustees and Investments services Mezzanine Floor, National Bank Building Harambee Avenue P.O. Box 72866-00200 Nairobi, Kenya Registered Office and Principal PlaceThe Chancery of Business 7th Floor Valley Road PO Box 20695, 00200 Nairobi, Kenya. Fund Manager & Administrator Cytonn Asset Managers Limited 7th Floor Valley Road PO Box 20695, 00200 Nairobi, Kenya. Custodian SBM Bank (Kenya) Limited Riverside Mews Riverside Drive Nairobi P.O. Box 34886-00100 Nairobi. Independent Auditor Parker Randall Eastern Africa Certified Public Accountants Galleria Business Park, Block 2(A) P.O Box 25426 - 00100 Nairobi. CYTONN AFRICA FINANCIAL SERVICES FUND REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31DECEMBER2020 The Trustee has the pleasure of submitting the fund's report together with the audited financial statements for the period ended 31 December 2020. ESTABLISHMENT, NATURE AND STATUS OF THE FUND Cytonn Africa Financial-Services Fund is a unit trust registered with the Capital Markets Authority under the provisions of the Capital Markets (Collective Investment Schemes) Regulations, 2001 and established under a Trust Deed dated the 17 June 2019 between Cytonn Asset Managers Limited as the Fund Manager and Natbank Trustee and Investment Services Limited as Trustee.
    [Show full text]
  • Kenya Listed Commercial Banks Review Cytonn Q3'2020 Banking
    Kenya Listed Commercial Banks Review Cytonn Q3’2020 Banking Sector Report “Erosion of the Banking Sector’s Asset Quality amid the COVID-19 Operating Environment” 11th December, 2020 Table of Contents 1 Introduction to Cytonn 4 Listed Banking Sector Metrics 2 Kenya Economic Review and Outlook 5 Bank Valuation Reports 3 Banking Sector Overview 6 Appendix 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.
    [Show full text]
  • The International Journal of Business & Management
    THE INTERNATIONAL JOURNAL OF BUSINESS & MANAGEMENT ISSN 2321–8916 www.theijbm.com THE INTERNATIONAL JOURNAL OF BUSINESS & MANAGEMENT The Effect of Operational Risk Management on Financial Performance of Commercial Banks: A Case of Tier Two and Three Commercial Banks in Kenya Rose Waithira Kamau Operations Officer, Department of Branch Operations, SBM Bank Kenya Limited, Nairobi, Kenya Dr. James Gatauwa Lecturer, Department of Accounting and Finance, Kenya Methodist University, Kenya Dr. Felix Mwambia Lecturer, Department of Accounting and Finance, Kenya Methodist University, Kenya Abstract: Kenyan banking sector is exposed to risks that initiate from external and internal environments. Operational risk threatens the viability and long-term sustainability of banks. Despite growth in the Kenyan banking sector, operational risk possesses a major challenge. The main objective of this paper was to examine the impact of operational risk on the financial health of tier two and three commercial banks in Kenya. The findings indicate that operational risk has a significant negative effect on the financial performance of tier two and three banks. Bank size has a significant positive effect on the financial performance of tier two and three banks. The study also concluded that tier three banks are not able to mitigate operational risks as well as tier two banks through the dummy variable measure. Banks are therefore encouraged to develop effective risk management and measurements techniques to avoid huge operational losses that negatively affect the financial health of the institutions. Keywords: Operational risk, financial performance, Bank size, dummy variable 1. Introduction Commercial banks are established to maximize their shareholder value which is a function of risk and return.
    [Show full text]
  • Determinants of Corporate Sustainability Disclosure Among Large Firms in Kenya
    Strathmore University SU+ @ Strathmore University Library Electronic Theses and Dissertations 2019 Determinants of corporate sustainability disclosure among large firms in Kenya Brian K. Njoroge Strathmore Business School (SBS) Strathmore University Follow this and additional works at https://su-plus.strathmore.edu/handle/11071/6574 Recommended Citation Njoroge, B. K. (2019). Determinants of corporate sustainability disclosure among large firms in Kenya (Thesis, Strathmore University). Retrieved from http://su- plus.strathmore.edu/handle/11071/6574 This Thesis - Open Access is brought to you for free and open access by DSpace @Strathmore University. It has been accepted for inclusion in Electronic Theses and Dissertations by an authorized administrator of DSpace @Strathmore University. For more information, please contact [email protected] DETERMINANTS OF CORPORATE SUSTAINABILITY DISCLOSURE AMONG LARGE FIRMS IN KENYA NJOROGE, BRIAN KAMAU SUBMITTED IN PARTIAL FULFILLMENT FOR THE REQUIREMENTS FOR THE DEGREE OF MASTER OF COMMERCE AT STRATHMORE UNIVERSITY STRATHMORE UNIVERSITY BUSINESS SCHOOL STRATHMORE UNIVERSITY NAIROBI, KENYA JUNE 2019 This thesis is available for library use on the understanding that it is copyright material and that no quotation from the thesis may be published without prior acknowledgement. DECLARATION I declare that this work has not been previously submitted and approved for the award of a degree by this or any other University. To the best of my knowledge and belief, the thesis contains no material previously published or written by another person except where due reference is made in the thesis itself. © No part of this thesis may be reproduced without the permission of the author and Strathmore University Njoroge, Brian Kamau _________________________ [Signature] ___________________ [Date] Approval The thesis of Njoroge, Brian Kamau was reviewed and approved by the following: Professor David Wang’ombe Senior Lecturer, Strathmore University Business School, Strathmore University Dr.
    [Show full text]
  • The Kenya Gazette
    national COUNCII FOR XAWRKPORriNO THE KENYA GAZETTE <r Published by Authority of the Republic of Kenya (Registered as a Newspaper at the GP O) Vol CXXIH—No.22 NAIROBI,29th January,2021 Price Sh.60 CONTENTS GAZETTE NOTICES Gazette Notices —(Contd) Page ThePnsons Act—Declaration of Fnson etc 286 The Sacco Societies Act—List of Sacco Societies Licensed to Undertake Deposit Takmg Sacco Business in Kenya The Accountants Act—Appointment 286 for the Fmacial Year Ending December 2021 308-310 The Kenya Civil Aviation Act—Appointment 286 The Building Surveyors Act—Appointment 286 The Kenya Deposit Insurance Act—List of Member The Kenya Agncultund and Livestock Research Institutions 310 (hganization(KALRO) Act—Comgendum 286 The Companies Act—Dissolutions etc 310-312 The Taskfotce to Review the Survey Sector Legal Policy and Institutional Framework-Appouitment 287 In the Matter of DAC Aviation(EA) Linuted—Petition for The Commumty Land Act—Appointment 287-288 Liquidation 312 The Human Resource Management Professionals Act— The Physical and Land Use Hanmng Act—Completion of Appointment 288 Part Development Plans 312-313 The Pubhc Finance Management Act—Appointment 288 The Mining Act—Estabhshment etc 288 The Environmental Management and Co-ordination Act- The Envuonmental Managemen Environmental Jmpmit Assessment Study Reports etc 289 3IS-3I8 County Governments Notices 289 304-305 Disposal of Uncollected Goods 318 162-168 Change of Names 319-321 The Central Bank of Kenya Act—General Information 290 The Evidence Act—Appointment 290 SUPPLEMENT Nos 4,5
    [Show full text]
  • Bank Branches Report 2/18/2019 9:23:26 AM
    Bank Branches Report 2/18/2019 9:23:26 AM Bank: 01 Kenya Commercial Bank Limited (Clearing centre: 01) Branch code Branch name Closure date Status 091 Eastleigh 2099-01-01 Open 092 KCB CPC 2099-01-01 Open 094 Head Office 2099-01-01 Open 095 Wote 2099-01-01 Open 096 Head Office Finance 2099-01-01 Open 100 Moi Avenue Nairobi 2099-01-01 Open 101 Kipande House 2099-01-01 Open 102 Treasury Sq Mombasa 2099-01-01 Open 103 Nakuru 2099-01-01 Open 104 Kicc 2099-01-01 Open 105 Kisumu 2099-01-01 Open 106 Kericho 2099-01-01 Open 107 Tom Mboya 2099-01-01 Open 108 Thika 2099-01-01 Open 109 Eldoret 2099-01-01 Open 110 Kakamega 2099-01-01 Open 111 Kilindini Mombasa 2099-01-01 Open 112 Nyeri 2099-01-01 Open 113 Industrial Area Nairobi 2099-01-01 Open 114 River Road 2099-01-01 Open 115 Muranga 2099-01-01 Open 116 Embu 2099-01-01 Open 117 Kangema 2099-01-01 Open 119 Kiambu 2099-01-01 Open 120 Karatina 2099-01-01 Open 121 Siaya 2099-01-01 Open 122 Nyahururu 2099-01-01 Open 123 Meru 2099-01-01 Open 124 Mumias 2099-01-01 Open 125 Nanyuki 2099-01-01 Open 127 Moyale 2099-01-01 Open 129 Kikuyu 2099-01-01 Open 130 Tala 2099-01-01 Open 131 Kajiado 2099-01-01 Open 133 KCB Custody services 2099-01-01 Open 134 Matuu 2099-01-01 Open 135 Kitui 2099-01-01 Open 136 Mvita 2099-01-01 Open 137 Jogoo Rd Nairobi 2099-01-01 Open 139 Card Centre 2099-01-01 Open 2/18/2019 9:23:26 AM Page 1 of 47 Bank Branches Report 2/18/2019 9:23:26 AM 140 Marsabit 2099-01-01 Open 141 Sarit Centre 2099-01-01 Open 142 Loitokitok 2099-01-01 Open 143 Nandi Hills 2099-01-01 Open 144 Lodwar 2099-01-01
    [Show full text]
  • Directory of Licenced Commercial Banks, Mortgage Finance Institutions and Authorised Non-Operating Holding Companies
    CENTRAL BANK OF KENYA DIRECTORY OF LICENCED COMMERCIAL BANKS, MORTGAGE FINANCE INSTITUTIONS AND AUTHORISED NON-OPERATING HOLDING COMPANIES A: COMMERCIAL BANKS 1. African Banking Corporation Limited Postal Address: P.O Box 38610-00800, Nairobi Telephone: +254-20- 4263000, 4447352, 4442382, 4443482, 44447358, 22251540/1, 0722207386, 0735611223, 0719015000, Fax: +254-20-4447354 E-mail: [email protected]; [email protected]. Website: www.abcthebank.com Physical Address: ABC Bank House, Woodvale Groove, Westlands, Nairobi. Date Licenced: 8th December, 1994 Peer Group: Small Branches: 13 2. Bank of Africa Kenya Limited Postal Address: P. O. Box 69562-00400 Nairobi Telephone: +254-20- 3275000, 3275200, 0703058000 Fax: +254-20-2211477 E-mail: [email protected] Website: www.boakenya.com Physical Address: BOA House, Karuna Close, Off Waiyaki Way, Nairobi Date Licenced: 30th April 2004 Peer Group: Medium Branches: 45 Page 1 of 25 CENTRAL BANK OF KENYA DIRECTORY OF LICENCED COMMERCIAL BANKS, MORTGAGE FINANCE INSTITUTIONS AND AUTHORISED NON-OPERATING HOLDING COMPANIES 3. Bank of Baroda (K) Limited Postal Address: P. O Box 30033 – 00100 Nairobi Telephone: +254-20-2248402/12, 2226416, 2220575, 2227869, 2248402/12, 2226416, 310439 Fax: +254-3310439 E-mail: [email protected] , [email protected] Website: www.bankofbarodaKenya.com Physical Address: Baroda House, Koinange Street, Nairobi. Date Licenced: 1st July, 1953 Peer Group: Medium Branches: 14 4. Bank of India Postal Address: P. O. Box 30246 - 00100 Nairobi Telephone: +254-20-2221414 /5 /6 /7, 0720606707, 0734636737 Fax: +254-20-2221417 E-mail: [email protected] Website: www.bankofindia.com Physical Address: Bank of India Building, Kenyatta Avenue, Nairobi. Date Licenced: 5th June, 1953 Peer Group: Medium Branches: 7 Page 2 of 25 CENTRAL BANK OF KENYA DIRECTORY OF LICENCED COMMERCIAL BANKS, MORTGAGE FINANCE INSTITUTIONS AND AUTHORISED NON-OPERATING HOLDING COMPANIES 5.
    [Show full text]