Kenyan bank stocks were hit hard by the new cap on interest rates, but the resulting selloff left most priced for attractive long-term returns.
Over the past decade, Kenya has pioneered the convergence of financial services and mobile telephony. And Nairobi-based KCB is now beginning to reap the benefits.
Stanbic IBTC is Nigeria’s best-performing bank stock. Its share price has climbed 40.5% this year and 55.4% over the past twelve months. Is it nearing the end of its run? Or is the market still offering investors a discount to the bank’s real worth?
Here, Godfrey Mwanza, CFA shows us how he values the company.
When Co-operative Bank of Kenya (COOP) announced last week that they were hiring global consulting firm, McKinsey & Company, for advice on improving operational efficiency, investors took notice. The stock has jumped 12.4% since the news appeared.
So why are investors so excited? How much scope does COOP have to streamline its operations? And how might such restructuring impact the bottom line?
Shares of Pan-African lender, Ecobank Transnational (ETI), have surged 7.1% in the month of September, blowing away the Nigerian Stock Exchange’s All Share Index.
Qatar National Bank’s purchase of a 23.5% stake in the firm triggered the big price move.
Now the stock trades at its highest point in over four years. Is there still value left on the table? Or would investors be better off looking elsewhere? Let’s take a closer look to find out.