We recommend buying Family bank shares in the 17 - 18 range. Our valuation points a blended fair value estimate of KES 23.80 per share, implying a potential upside of over 32%.
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REIT Taxation under Finance Bill 2026;
1. Capital gains tax exemption on property roll overs-The Finance Bill 2026 introduces an exemption from Capital Gains Tax for property transferred into a registered REIT, provided through paragraph 76 of the First Schedule to the Income Tax Act. It is a structured deferral that recognises the non cash nature of the transaction. Since no money exchanges hands when property is converted into REIT units.
2. Tax is collected downstream - The bill does not extinguish the tax obligation it repositions it. The Treasury collects the same gain either when the REIT eventually sells the underlying property or when the investor exits by selling their units.
3. Withholding tax on distributions as the final tax - REITs are exempt from income tax strictly on the condition that they distribute a minimum of 80% of their distributable income to unit holders. Once those distributions reach investors, withholding tax applies and operates as a final tax.
The proposal is commercially sensible and will expand our capital markets.
@ray_omollo Barely before the contractor leaves the site, a section of the road just after Brookhouse school, the road has sunk into a big pothole. Pathetic workmanship.
If you see more than two of these designs already executed, just know that it's not all about complex designs that carry the day it's simplicity and budget range that determines.
Here are Sabastian Sawe's splits en route to the 1:59:30 marathon world record. 🤯
He ran the first half in 1:00:29 and then the second half in 59:01. My goodness!
Splits — Time (Segment) — Pace (min/mile)
5K — 14:14 (14:14) — 4:35
10K — 28:35 (14:21) — 4:37
15K — 43:10 (14:35) — 4:40
20K — 57:21 (14:11) — 4:35
Half Marathon — 1:00:29 — 4:36
25K — 1:11:41 (14:20) — 4:37
30K — 1:26:03 (14:22) — 4:37
35K — 1:39:57 (13:54) — 4:28
40K — 1:53:39 (13:42) — 4:25
Finish — 1:59:30 (5:51) — 4:17
Just incredible.