Reshaping realities: Africa’s post-pandemic recovery

The COVID-19 pandemic has undoubtedly eroded the overall improvement in risk-reward scores seen across the African continent in recent years, but this should not deter investors. Specialist risk consultancy Control Risks  and independent global advisory NKC African Economics, the Africa-focused subsidiary of Oxford Economics, have today launched the fifth edition of the Africa Risk-Reward Index. The index offers a comparative snapshot of market opportunities and risks across the continent. It provides a grounded, longer-term outlook of key trends shaping the investment landscape in major African economies, which should inform the…

I&M HOLDINGS RANKED AS MOST ATTRACTIVE LISTED BANK

Cytonn Investments has today released its H1’2020 Banking Sector Report, which ranks I&M Holdings as the most attractive bank in Kenya, supported by a strong franchise value and intrinsic value score. The franchise score measures the broad and comprehensive business strength of a bank across 13 different metrics, while the intrinsic score measures the investment return potential. The report, themed “Depressed Earnings and Deteriorating Asset Quality amid the COVID-19 Operating Environment,” analysed the H1’2020 results of the listed banks. “Asset quality for listed banks deteriorated in H1’2020 with the Gross…

KRA seizes 1,000 pieces of explosive detonators at Taveta border

Customs officers based at the Taveta-Holili One-Stop Border Post (OSBP) on Friday evening seized 1,000 pieces of explosive detonators at Mwakitau along the Taveta-Mombasa highway. Three suspects were arrested in connection to the incident. The KRA team, backed by administration police officers attached to the OSBP, while on routine patrols intercepted the devices while being transported together with Tobacco by a truck no T143ARG at around 5.30 pm, one kilometer away from Maktau roadblock, Taita Taveta County. The consignment in the vehicle had been declared at the border point as…