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25 May, 7 tweets, 3 min read
@SafaricomPLC CEO Peter Ndegwa says there's real commitment from Ethiopia to facilitate new licensees to operate #TwendeTukiuke
As soon as we are allowed we'll replicate the success we have had in mobile money services business in Kenya and other parts of the world. Ethiopia has allowed new licensees to operate mobile money within a year - @SafaricomPLC CEO Peter Ndegwa #TwendeTukiuke
The focus now is setting up a reliable telecom infrastructure. We'll work with regulators to evolve the regulations - @SafaricomPLC CEO Peter Ndegwa #TwendeTukiuke
Ethiopia is home to over 112 million people, making it the second largest country in Africa by population. It is one of the last countries in the world to introduce competition in the telecom industry
In Ethiopia, we have an opportunity to deliver strong growth for our mid to longterm business needs - @SafaricomPLC CEO Peter Ndegwa
This is a long-term investment for @SafaricomPLC. We are going into the second largest country in Africa and this is a great opportunity to foster growth. - CEO Peter Ndegwa
This is a great moment for @SafaricomPLC, the consortium as well as Kenya- Ethiopia relations, says @SafaricomPLC CEO on Ethiopia entry.

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More from @MaudhuiHouse

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26 May
News of @SafaricomPLC entry into Ethiopia telcom market sent its share price rallying to a record average of Kes41.75 increasing shareholder paper wealth by Sh90.1 billion in a day on Monday, May 25 bit.ly/3yB1Uwy
At Kes.1.67 trillion, the value of @SafaricomPLC counter hit 62 per cent of the Nairobi Securities Exchange (NSE), effectively pinning the fortunes of Kenya’s capital market to the success of the telco giant. @NSE_PLC
The NSE has 65 counters across different sectors of the economy whose total combined capitalisation is Sh1 trillion @NSE_PLC
Read 7 tweets
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26 May
“We have fortified and strengthened the breath and depth of our management, aligning it to strategy and execution, creating a two tier team” ~ Equity Group CEO James Mwangi
#Equity2021Q1Results Image
“ We could improve in the areas of credit management but our overall strategy has enabled us to jump faster than expected” ~ @KeEquityBank CEO Dr James Mwangi

#Equity2021Q1Results Image
“Non Funded Income has gone up by 30% to KES 10.7 B , up from KES 8.3 B during a similar period last year, this means that we have bounced back to our pre-covid days” ~ @KeEquityBank CEO Dr James Mwangi.

#Equity2021Q1Results Image
Read 13 tweets
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25 May
NCBA Group posts a remarkable 75 per cent growth in earnings with its quarterly profit to March 2021 rising to Kes.2.8 billion from Kes.1.6 billion last year on the back of improved interest income and a lower cost base @NCBABankKenya
NCBA total operating income has risen to Kes.11.8 billion from Kes.10.9 billion on the back of a 20 per cent rise to net interest income to Kes.6.6 billion which helped offset a 3.7 per cent decline in non funded income to Kes.5.2 billion. @NCBABankKenya
Total operating expenses for the bank have meanwhile shrunk by six per cent to Kes.7.8 billion on the back of low provisions for expected bad loans with the provisions falling to Kes.2.6 billion from Kes.3.8 billion last year @NCBABankKenya
Read 4 tweets
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25 May
Low cost carrier @FlyJambojet is today offering a sneak peak into its brand new ‘De Havilland Dash 8 Q400 FSI Flight stimulator’ , a first of its kind in the East African Region ... (Thread)
The FSI flight stimulator will be crucial for pilot training within Kenya 🇰🇪 and will essentially slash travel cost for @FlyJambojet pilots who would normally fly all the way to Canada 🇨🇦 to receive the exact same training.
“The simulator has been in use since June 2020 and has enabled us to save atleast 10% of its total expenses” ~@FlyJambojet MD
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25 May
The Capital Markets Authority has admitted KOA Save Africa Ltd and Moneto Ventures Ltd to the Regulatory Sandbox. The two firms will test their innovations in a live capital market environment, in compliance with the CMA Regulatory Sandbox Policy Guidance Notes @CMAKenya
The move is in line with the commitment to develop and deepen the capital markets by facilitating the deployment of financial technology (fintech).
KOA Save Africa will test KOA App, an innovation that seeks to help retail investors to easily, conveniently, and affordably, save and invest in the capital markets.
Read 7 tweets
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25 May
Egypt has received the first batch of raw materials to start manufacturing China’s Sinovac Covid-19 vaccine bit.ly/3wvkcNV
Egypt will start local production of the Sinovac COVID-19 vaccine in June, with the first two million doses being produced at the Egyptian Holding Company for Biological Products and Vaccines (VACSERA)
VACSERA will produce more than five million doses of Sinovac vaccine in two months, and 40 million doses within a year - Egypt Health Ministry
Read 6 tweets

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