๐๐๐๐๐๐๐๐ ๐๐๐๐๐ 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:๐
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 ofย different periods of Ugandaโs 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.
โThe 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.
โKETRACO is exploring Public-Private Partnerships to bridge the funding gap
2. Why PPPs?
โKETRACO projects have historically been financed through loans from development partners like the World Bank, AfDB, JICA, and Exim banks.
โThe next set of funding from these partners is estimated to be available after the financial year 2028/2029.
โTotal Assets: +17.7% to 3.5B
โNet Income: +8.5% to 235M
โPAT: +3.8% to 116M
โDividend rate on deposits: 20%
โInterest rate on member deposits: 11%
2. Magereza DT Sacco:
โTotal Assets: +12.7% to 7.9B
โNet Income: +33.4% to 606M
โPAT: +53.9% to 129M
โDividend rate on share capital: 10%
โInterest 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"
We selected the top #MwangoMemes from 2023 for you to enjoy!
1. The Kenya shilling closed 2023 at KES ~157 against the dollar.
Earlier in the year the President had promised that it would be trading at around 115 to 120 in a few months.
#MwangoMemes
@coldtusker @OchiengJasper @Brianmbunde @Bebi_16 @swabrah @KenyansNoContxt @Dicksonmagecha @MugambiNandi @alexmwanzo @InvAnalystKe 2. Kenya Power [ @KenyaPower] sought to enter the internet business.
It identified some 93 hotspots in Nairobi & Mombasa where it will connect with high-speed internet through 1,331.68 km of overhead fiber optic cables in phase 1 of its data business.
#MwangoMemes
3. There was a proposal to make Kenyans working abroad make mandatory contributions to a new Fund.
Every migrant worker would have to register as a member of the fund before departing the country.
1. Kenya's backlog of incomplete projects reaches KES 1.3 T, sparking calls for a halt on new government projects until existing ones are completed
#MwangoMemes
@MihrThakar @KenyansNoContxt @PesaWall @alexmwanzo @swabrah @NguliMT @MwangiMaina_ @Brianmbunde @arnoldi254 @DollyOgutu 2. Taxpayers are facing a new burden as President Ruto's administration plans to secure an additional KES 362B to fund his second full-year budget, set to surpass the KES 4T mark for the first time.
More debt on the way:
#MwangoMemes
3. Emergency loans the Treasury has tapped directly from CBK [ @CBKKenya] have hit a historical record KES 91.13 B.
According to CBK data, GoKโs overdraft has grown from KES 61.12 B at the end of July to KES 88.33B on December 1.
#MwangoMemes