These two are in a symbiotic relationship. Take an example where SCOM appointed KCB as a trust account holder for MPESA float. The other bank that has this priviledge is CBA. Going forward, we should expect more partnerships between these two.

Cytonn has been accumulating sakes in here and are now 14th largest shareholder in KCB and are still continuing with accumulation

This cyton thing sounds more of a pyramid scheme or ponzi scheme.They seem to struggle with identity crisis.Having such partners points to some interesting times ahead.Remember this guy who fleeced some people in Mauritannia and put the money in Britam? shareholders got some entry points,but Peter Munga was the major beneficiary indeed.

What exactly does Cytonn do as an alternative asset manager; what are the services your company offers, and why should investors put money with you?

We raise money from our clients and deploy in high returning investments, primarily real estate. But we are also growing our quoted private equity business, this is where we invest in companies that is our view are undervalued. That is how we have accumulated a stake and are now the 14th largest shareholder in KCB Group.


https://www.forbes.com/s...ent-firm/2/#651f64fc586b

Kenyans hold Sh240bn of unserviced loans


Loan default rate in Kenya has increased by 200 per cent from Sh120 billion to Sh240 billion in the last two years, a new report indicates.

According to the Kenya Bankers Association quarter two Economic Bulletin of 2017, the increase is from the first quarter of 2015 to the second quarter of 2017 ending June 30, 2017.

The report attributed the increase in the gross non-performing loans to challenges in the business environment that led to cash flow constraints for borrowers.

It also pointed out the drought experienced in quarter one of 2017 to have affected the agri-business enterprises thus the likelihood of such businesses being negatively affected.

The ratio of gross non-performing loans to gross loans increased by 3.17 per cent between quarter one of 2017 and the second quarter of 2017.

This is down from the 6.43 per cent rise between quarter four of 2016 and quarter one of 2017.

“Most listed companies have recorded very negative returns since late 2015, this is because they have been taking loans not for investment purposes but for operational expenses, this has adversely affected loan performance,” Kenya Banker Association director of research and policy Jared Osoro said.