We offer well curated, timely, insights on companies, industries and equity & fixed income markets. Our strength lies in our localized knowledge, excellent access to both listed & non-listed companies and key Government agencies.

Kestrel Capital pioneered fundamental market and company research in Kenya in 1995.

Our clients can easily access our research & customize what to receive, via our online research platform that offers access to; research publications, company annual reports, company investor presentations, company conference call transcripts, economic & fixed income datasets and bespoke notes from management meetings, all going as far back as 20 years.


  • Industry & Company reports – covering 90% of the NSE market capitalization
  • Corporate access for listed and non-listed companies in East Africa through conference calls, meeting with management, country visits and management roadshows
  • Analyst calls - trading idea generation
  • Analyst local and international roads shows
  • Investor relations support – we work closely with IR teams to build company visibility amongst investors and offer customized reports detailing investor trading patterns

Research Publication

Research report type Publication frequency Content
Morning Brief Every morning Key economic and company news. Specific focus on answering “why is this news important, and what action should investors take”.
Evening Daily Brief Every day at close of trading Review of equity and FX market performance and key corporate and economic news. Focus being on answering “what should an investor know before the opening of the next trading session”.
Weekly Equity, Fixed Income and FX Markets Report Every Monday Summary of key weekly economic, company & fixed income news and trading trend over the week – “identify short-term trading trends, drivers and themes”.
Monthly Report First week of every new month Summary equity and fixed income trading statistics for the month highlighting; key price movements, turnover activity, foreign investor net flows and SSA market performance analysis – “medium-term outlook for equity and fixed income markets”.
Company results announcements brief Within 24 hours of results announcement Summary of performance, analysis of performance against forecasts and change if any, in analyst investment recommendation.
Kenya Investment Strategy Twice a year – January & July Economic, equity and fixed income markets review and outlook – “NSE All Share index return forecast and view on equity & fixed income portfolio allocation”.
Sector & Company Valuation reports All Fair Values/analyst recommendations are no more than 6 months old Sector outlook, company performance forecasts, fair value estimates and peer company relative analysis.
Special Reports Ad-hoc Focus on key news that is relevant to investors e.g. key regulatory changes, M&A activity, outlook on government debt sustainability, changes in tax laws etc.

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