By Simon Kitchen, MD and Head of Strategy, EFG Hermes Research The GCC has dominated global IPO markets in 2022, raising 23% (USD21 billion) of the USD91 billion raised in all global IPOs this year. This is a remarkable feat when you consider that in 2021, the region accounted for just 2% (USD10 billion) of […]
Elena Sanchez, Managing Director and Co-Head of Financials and Banking at EFG Hermes Research, provides key insights into the banking sector in MENA. New research by EFG Hermes has found that in the banking sector, the current credit quality backdrop is generally favorable, with short-term macro being supportive in the GCC. However, higher borrowing costs and […]
By Joanne Kabiru, Associate Director, Brokerage Operations, EFG Hermes Kenya Studies show women investors earn higher returns than men when given the same opportunities. During these uncertain times of high inflation and falling stock prices, there is an opportunity for all women in our society to start their journey to achieve financial security. The Russia […]
How has the Kenyan market performed in 2021 and what should we expect during the upcoming election year of 2022?
Author: Muammar Ismaily – VP & Analyst at EFG Hermes Kenya During the year 2021, the Kenyan equities market performed relatively well, with NASI, NSE 20 and NSE 25 increasing by 9.43%, 1.83% and 9.62%, respectively. The best performing stocks were Car & General (+54.32%), Equity Group (+44.32%) and BK Group (+41.46%). Notably, Safaricom, which […]