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Feb 19 โ€ข 9 tweets โ€ข 7 min read
๐’๐€๐“๐”๐‘๐ƒ๐€๐˜ ๐‘๐„๐€๐ƒ๐’

This week, Robert Ochieng, Abojani Investment [@TheAbojani]โ€™s CEO, shares the best content he consumed.

He is an ex-banker who traded his Head of IT in banking to found the startup that has helped over 5,000 Africans get started on Investing.

Enjoy!
1. Psychology of Money [Book]

โ€œSpending money to show people how much you have is the fastest way to have less moneyโ€

โ€œControlling your time is the highest dividend money paysโ€

โ€œMoneyโ€™s greatest intrinsic value - its ability to give you control over your timeโ€

[@morganhousel]
2. The Joy of Accounting [Book]

Finance has 5 key elements:

Assets- Valuable things in a business
Liabilities- Obligations to creditors
Equity- Obligations to owners
Revenue- Value generating activities
Expenses- Value sacrificing activities

[@peterframpton + @markrobilliard]
3. The Story of Content: Rise of the New Marketing [Docu]

โ€œTech has changed the game. Consumers can ignore advertising and irrelevant content at will. To break through the clutter, brands need to tell remarkable stories worth listening to.โ€

[@CMIContent]
4. The Simple Path to Wealth [Book]

This book provides a clear way to achieve financial independence through investing in index funds.

Collins maintains that money is the โ€œsingle most powerful toolโ€ and shows you exactly how to use it to grow your wealth.

[@JLCollinsNH]
5. The Richest Man in Babylon [Book]

A classic work on financial planning and personal wealth that uses Babylonian parables to teach financial wisdom.

It offers lessons on basics such as saving, living within your means, and making your money work for you.

[George S. Clason]
6. Statement on Assassination of Martin Luther King, Jr. [Speech]

โ€œWe can do well in this country. We will have difficult times; we've had difficult times in the past; we will have difficult times in the future.โ€

[@JFKLibrary]
jfklibrary.org/learn/about-jfโ€ฆ
7. One Up on Wall Street [Book]

In this book, investing legend Peter Lynch lays out an approach with which novice investors could beat Wall Street professionals.

โ€œBuy what you knowโ€

โ€œUse your advantage as an individualโ€

[Peter Lynch + John Rothchild]
Thanks Robert and @TheAbojani for this week's compilation.

What interesting articles/podcasts/books/shows did you check out this week?

cc: @DollyOgutu @ChiboliS @WillisOwiti @AmbokoJH @jamessmat @MakoriGeorge_ @nderi_j @tonimugo @bankelele @mbuguanjihia @wazua @wnyakera

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More from @MwangoCapital

Feb 19
๐—ง๐—ต๐—ถ๐˜€ ๐˜„๐—ฒ๐—ฒ๐—ธ'๐˜€ ๐—ฏ๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€ ๐—บ๐—ฒ๐—บ๐—ฒ๐˜€ ๐—ฎ๐—ฟ๐—ฒ ๐—ฏ๐—ฟ๐—ผ๐˜‚๐—ด๐—ต๐˜ ๐˜๐—ผ ๐˜†๐—ผ๐˜‚ ๐—ฏ๐˜† ๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ฒ๐—›๐˜‚๐—ฏ [@ShareHubKE]:

1. NHIF was a top news item.

We learnt that top earners are to pay more in monthly contributions but NHIF will stop paying for treating chronic diseases. Image
2. The Deputy President made some remarks about DRC and the country's citizens were up in arms about them.

Equity Bank [@KeEquityBank] and Kenya Airways [@KenyaAirways], who have business in DRC, were just chilling but got caught in the middle:

#MwangoMemes Image
3. Property fund manager Ilam Fahari I-Reit [@ILAMReit] has issued a profit warning (projecting a 25% drop in 2021 earnings).

This brings to 5 the number of companies at the NSE who have issued profit warnings in 2022.

#MwangoMemes Image
Read 16 tweets
Feb 19
1/ Today in the Daily Nation is the story of Tuskys' fall from riches to rags.

The Big Q is Where did the money all go?

Tuskys seemed to be doing well for nearly a decade:
2/ But all unraveled by 2020 when covid hit and creditors came calling:
3/ "Over the past two years, Tuskys has sold goods worth Sh537 million โ€“ slightly more than 1 per cent of the figures the giant retailer would hit before trouble started in 2020"
Read 11 tweets
Feb 18
Saccos are fast in releasing annual reports!

These are a few things we learned from the Safaricom Sacco [@SafaricomSacco] financial statements for year ended 31st Dec 2021:

1. The AGM was held on 12th February 2022.
2. Their leadership team:
3. They are in year 20 of operations:
Read 6 tweets
Feb 5
Fun facts about Base Resources [@baseresources], the Australian company that does mining in Kwale:

1. It operates in Australia, Kenya and Madagascar:

It operates in Kenya under the name Base Titanium [@BaseTitanium].
2. The other subsidiaries:
3. On the Kwale Operations:

"Kwale Operations is designed to process ore to recover three main products: rutile, ilmenite and zircon.....The Companyโ€™s Kwale Operations in Kenya is a consistent and efficient high margin operation."
Read 5 tweets
Feb 5
๐’๐€๐“๐”๐‘๐ƒ๐€๐˜ ๐‘๐„๐€๐ƒ๐’

This week, Timame Wanyoike [@timamenw] shares the best content she has consumed.

She is passionate about emerging tech, entrepreneurship, and innovation in Africa.

She leads startup engagement at @LiquidInTech through Liquid Labs.

Enjoy!๐Ÿ‘‡
1. Defining a Product Managerโ€™s Role Pt.1 [Article]

A great read for incoming, transitioning, and aspiring product managers offering a clear definition of the PM role and what it means for businesses in the continent.

[@techniklyjune]
twoweeksprint.substack.com/p/sprint-2-defโ€ฆ
2. Fintech. But not Just. [Article]

A short and sweet piece from one of the top sources for funding insights in Africa.

Hereโ€™s some key sectors attracting funding on the continent besides fintech.

[@MaxBayen]
thebigdeal.substack.com/p/fintech-but-โ€ฆ
Read 8 tweets
Feb 4
Fam, join us tonight as we talk all about payments in Africa:

The guests:
-@_realhenryc of @schoolableHQ
-@nielsangho of @theflutterwave

The hosts:
-@deangichukie
-@majiwater

Some surprise guests will join in too. Don't miss! Send in your questions kindly.
@nielsangho:

- @theflutterwave is in 33 countries
- Focusing on simplifying payments across Africa
- Remittances are big in East Africa

#MwangoSpaces
@_realhenryc talking about the potential of crypto:

Why should we convert to dollars every time we transact with local African countries? Why do we use Mastercard and Visa for local checkouts?

#MwangoSpaces
Read 4 tweets

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