Thread by @MwangoCapital

𝐓𝐡𝐢𝐬 𝐰𝐞𝐞𝐤'𝐬 𝐭𝐨𝐩 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐧𝐞𝐰𝐬 𝐢𝐧 𝐦𝐞𝐦𝐞𝐬 𝐚𝐫𝐞 𝐩𝐨𝐰𝐞𝐫𝐞𝐝 𝐛𝐲 𝐒𝐚𝐟𝐚𝐫𝐢𝐜𝐨𝐦'𝐬 [@SafaricomPLC] 𝐭𝐞𝐜𝐡 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬.

Tegea we tell you more about them.

1. Fuel prices have spiked & many just can't find fuel in Kenya:

#MwangoMemes

2. Finding fuel has been hard yoh!

#MwangoMemes

3. With maize becoming scarce, feed processors have gotten the nod to import GMO yellow maize.

#MwangoMemes

4. The Kenyan Supreme Court on Thursday put a stop to BBI [Building Bridges Initiative]:

#MwangoMemes

5. Britam reported pre-tax earnings of KES 1B but had to pay paid a higher-than-usual tax rate of 92.8%.

This was due to significant one-off expenses in the holding company that are tax disallowable.

#MwangoMemes

6. Water break.

- One tech solution from Safaricom is cloud computing.

- Cloud computing offers a virtual environment for businesses to store valuable business information.

- @SafaricomPLC partners with public cloud providers to resell their cloud solutions

#BuiltforBigger

7. The much-awaited relocation of public service vehicle from Nairobi city centre will begin this month.

Matatus plying Ngong, Lang’ata, and Argwings Kodhek roads and long-distance PSVs from Mt Kenya region will be the first to be affected.

#MwangoMemes

8. The average daily cost of leasing Nairobi homes through short-term house rental platform Airbnb has increased 23% in the past 11 months to USD 49 (KES 5,652):

#MwangoMemes

9. Kenya's debt repayments are set to overtake recurrent expenditure for the first time in the fiscal year starting July 2022:

#MwangoMemes

10. Kenyan MPs rejected a Bill that seeks to reintroduce free milk to school children.

The programme would have distributed free milk in public primary and pre-primary schools.

#MwangoMemes

11. This week, we learnt that Kenya Airways had narrowed its 2021 full year net loss by 56.58% to KES 15.8B:

#MwangoMemes

12. Safaricom’s share of the voice market hit a four-year high of 70.4% in the 3 months ended December 2021:

#MwangoMemes

13. Safaricom this week partnered with Gulf African Bank to introduce Halal Pesa, a Shariah-compliant mobile finance service.

The maximum disbursement will be KES 20K with a 30-day repayment period at a 5% Murabaha margin.

#MwangoMemes

14. Negotiations have begun to review power purchase agreements in the push to further cut electricity bills for homes and business by 15% in 3 months to June 2022:

#MwangoMemes

15. The price of key construction materials have skyrocketed in the past few months meaning that the cost of acquiring or building new homes is rising:

#MwangoMemes

16. We also learnt that Kenya Airways reversed planned pay cuts as it showed signs of business recovery and on the back of MPs approving a KES 20B bailout:

#MwangoMemes

17. That's all the memes we had for #MwangoMemes this week!

Kudos to our meme lords are @Wanjiku_Njuguna + @kahome_steve.

Make sure to check out our partners for the week @SafaricomPLC Tech solutions: business.safaricom.co.ke/built-for-bigg…

#BuiltForBigger