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 – slightly more than 1 per cent of the figures the giant retailer would hit before trouble started in 2020"
4/ The challenge is sibling rivarly:
5/ Hefty salaries and dividends and staff stealing:
6/ The key shareholders:
7/ The secret knight in shining armour from Mauritius:
8/ Equity Bank might be the final nail on the Tuskys coffin:
9/ Well, the competition has also been nibbling at whatever is left of Tuskys:
1. Kenyan Workers will pay up to KES 2,160 more to the NSSF from Feb 2026, pushing maximum monthly contributions to KES 4,320 in the fourth straight year of higher mandatory deductions:
#MwangoMemes
@mmnjug @nipashebiz @MugambiNandi @OchiengJasper @RNamsia @DollyOgutu @janetmachuka_ @bankelele @MihrThakar @BrianGeorgeKE 2. Diageo is set to pocket a KES 47.2B profit after agreeing to sell its 65% stake in EABL to Japan’s Asahi Holdings, turning a March 2023 premium buy-in into a 3X return in under 3 years.
Diageo enjoying the hefty profit it made from the sale of its EABL stake:
#MwangoMemes
3. Immediately after the announcement of the deal, EABL shares jumped nearly 19%, closing at KES 299, as investors priced in the Asahi–Diageo transaction that will see Asahi acquire Diageo’s 65% stake in the brewer.
Minority shareholders were seen celebrating the deal:
1. Kenya has signed a nuclear cooperation deal with South Korea to develop the Kenya Nuclear Research Reactor, aimed at applications in health, agriculture, industry, and clean energy.
@MaudhuiHouse @PeterMutegi @karambu @NSE_PLC @NSE_Investors @ArvoCap @Wanjiku_Njuguna @majiwater @bonnieoyunge_ @mwaniki_joseph 2. Parliament has directed East African Portland Cement to buy back Holcim’s 29.2% stake instead of selling to Tanzanian tycoon Edhah Abdallah Munif. MPs flagged the deal for undervaluing shares. businessdailyafrica.com/bd/corporate/c…
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. 🧵
2/ What’s 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 isn’t 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?
—The 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.
—KETRACO is exploring Public-Private Partnerships to bridge the funding gap
2. Why PPPs?
—KETRACO projects have historically been financed through loans from development partners like the World Bank, AfDB, JICA, and Exim banks.
—The next set of funding from these partners is estimated to be available after the financial year 2028/2029.