ππππππππ πππππ is back!
This week, @johnallannamu shares the best content he has consumed.
He is an award-winning investigative journalist and co-founder of Africa Uncensored [@AfUncensored]. He describes himself as the daddest journalist in Kenya.
Enjoy:π
1. Have a Little Faith [Book]
A book on losing belief and finding it again.
The lessons in this book settle onto your consciousness like a warm blanket, without being preachy or being hurled from some moral pedestal.
2. The Dead Are Arising: The Life of Malcolm X [Book]
A great example of the steadfastness of a good journalist. Chronicling the life of possibly the most important symbol of black manhood in the 20th century without pandering.
[Les Payne and Tamara Payne]
3. The Water Dancer [Book]
Beautifully written novel that merges the slavery narrative with fantasy and quest.
Coates imagining of the underground railroad makes one want to examine all stories about African resilience in this way.
[Ta-Nehisi Coates]
4. Kintu [Book]
For a story told across such a wide span of time, it feels so fluid and familiar at the same time.
The book gives a snapshot ofΒ different periods of Ugandaβs history through dynamic and engaging characters.
[Jennifer Nansubuga Makumbi]
5. StudioBinder [YouTube Channel]
A production management solution with interesting storytelling tips. Each video is also very well put together.
Starting 5th May 2025, NEMA will begin implementing the Extended Producer Responsibility (EPR) Regulations under the Sustainable Waste Management Act (L.N. 176 of 2024).
1/ A KES 150 levy will be introduced per item of packaging. π§΅
2/ Whatβs Affected?
The levy applies to nearly everything: plastic, glass, aluminium, paper, cardboard, rubber, leather, textiles, and composite packaging.
Think food wrappers, medicine boxes, cosmetic bottles, even sanitary pad packaging all fall under this.
3/ NEMA says the KES 150 will apply to "standard packaging" but that term isnβt clearly defined.
For example, if Panadol tablets are packed in strips, which come in boxes, the boxes packed into cartons, and the cartons stacked onto pallets - what exactly is considered the chargeable item?
Is it the strips, the box, the carton, or the pallet?
βThe Transmission Master Plan (TMP) projects the need for an additional 9,600 km of transmission lines and a $5.2B investment by 2042 to support industrial growth and electrification.
βKETRACO is exploring Public-Private Partnerships to bridge the funding gap
2. Why PPPs?
βKETRACO projects have historically been financed through loans from development partners like the World Bank, AfDB, JICA, and Exim banks.
βThe next set of funding from these partners is estimated to be available after the financial year 2028/2029.
βTotal Assets: +17.7% to 3.5B
βNet Income: +8.5% to 235M
βPAT: +3.8% to 116M
βDividend rate on deposits: 20%
βInterest rate on member deposits: 11%
2. Magereza DT Sacco:
βTotal Assets: +12.7% to 7.9B
βNet Income: +33.4% to 606M
βPAT: +53.9% to 129M
βDividend rate on share capital: 10%
βInterest rate on member deposits: 6%
10 Key Takeaways from the CBK Post-MPC Briefing by the Governor.
1. CBK is keen on the separation of Safaricom & M-Pesa:
"One of the factors that has been delaying this..is the tax liability which is fairly significant in the order of at least KES 75B & what to do with it"
2. There has been a sharp rise in remittances to Kenya this year:
"If one were to compare the first two months of 2024 (Jan & Feb 2024), we see remittances for those two months compared to the two months in 2023 have increased by more than 20%"
3. There was a slowdown in growth in credit to the private sector in Feb 2024 from 13.8% to 10.3%
"A certain amount of private sector loans is denominated in dollars & therefore, when the exchange rate appreciated the level of credit to the private sector did decline"