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mmnjug™ Profile picture
@mmnjug
Mar 7, 2022 • 29 tweets • 23 min read • Read on X
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Happening right now: Announcement of @KeEquityBank's Africa Recovery and Resilience Plan

YouTube livestream: bit.ly/3KljYzN
The #KenyaDRCTradeMission in 2021

#EquitySupportingBusinesses
YouTube livestream: bit.ly/3KljYzN Image
.@KeEquityBank Group MD/CEO Dr. James Mwango at the #KenyaDRCTradeMission in 2021.

#EquitySupportingBusinesses
YouTube livestream: bit.ly/3KljYzN Image
Infallible Group CEO @mbithemuema was in the @KeEquityBank facilitated #KenyaDRCTradeMission in 2021

#EquitySupportingBusinesses
YouTube livestream: bit.ly/3KljYzN Image
Celestine Mukeba MD @EquityBCDC during the #KenyaDRCTradeMission

#EquitySupportingBusinesses
YouTube livestream: bit.ly/3KljYzN Image
.@KeEquityBank Group MD/CEO Dr. James Mwangi launching the bank's Africa Recovery and Resilience Plan.

#EquitySupportingBusinesses
YouTube livestream: bit.ly/3KljYzN Image
The bank is hoping to get to their 100M customers in our lifetime - Dr. James Mwangi.

#EquitySupportingBusinesses
YouTube livestream: bit.ly/3KljYzN
We now have 76 factories in Kenya manufacturing PPEs from imports when Covid19 struck 2yrs ago this month. - Dr. James Mwangi

#EquitySupportingBusinesses
YouTube livestream: bit.ly/3KljYzN
We moved from looking for one customer after another, to hunting for customers as a pack by acquiring existing ecosystems.... - Dr. James Mwangi

#EquitySupportingBusinesses
YouTube livestream: bit.ly/3KljYzN Image
This Africa Recovery and Resilience Plan being launched today is not our plan, its a collective plan by many people. - Dr, Mwangi

#EquitySupportingBusinesses
YouTube livestream: bit.ly/3KljYzN
.@KeEquityBank's Africa Recovery and Resilience Plan launch

#EquitySupportingBusinesses
YouTube livestream: bit.ly/3KljYzN Image
Overview of the Africa Recovery and Resilience Plan.

#EquitySupportingBusinesses
YouTube livestream: bit.ly/3KljYzN Image
The 2025 strategy framework with the 100M customers target under the Africa Recovery and Resilience Plan.

#EquitySupportingBusinesses
YouTube livestream: bit.ly/3KljYzN Image
Strategic pillars under the 2025 strategy framework by @KeEquityBank:

Food and agriculture
Manufacturing and logistics
Trade and investments
MSMEs
Social Transformations and Environment

#EquitySupportingBusinesses
YouTube livestream: bit.ly/3KljYzN
Loan mixes under the strategic objectives under the 2025 framework by @KeEquityBank

Food and agriculture loan - 30%
Manufacturing - 15%
Trade finance bank - No.1
MSME - 65%
Target - 100M customers

#EquitySupportingBusinesses
YouTube livestream: bit.ly/3KljYzN
.@KeEquityBank will start working on this Africa Recovery and Resilience Plan within its existing 6markets being Kenya, Tanzania, Rwanda, Uganda, DRC, South Sudan and Rep office in Ethiopia.

#EquitySupportingBusinesses
Live link: bit.ly/3KljYzN
Corridors in the region that support cross-border trade...

#EquitySupportingBusinesses
Live link: bit.ly/3KljYzN Image
.@KeEquityBank corporate philosophies...

#EquitySupportingBusinesses
Live link: bit.ly/3KljYzN Image
.@KeEquityBank's business model is based on social and economic engines.

#EquitySupportingBusinesses
Live link: bit.ly/3KljYzN Image
ICYMI: @EquityAfia clinics are owned and run by doctors who have been supported by @KeEquityBank to study locally and abroad under the bank's scholarships.

#EquitySupportingBusinesses
Live link: bit.ly/3KljYzN
.@KeEquityBank's history of partnerships from @Proparco to Nordfund to @MastercardFdn and others...

#EquitySupportingBusinesses
Live link: bit.ly/3KljYzN Image
.@KeEquityBank spent $120M to make Kenya sustainable in PPEs.

#EquitySupportingBusinesses
Live link: bit.ly/3KljYzN
There are 54 @EquityAfia clinics which are SME businesses that have been loaned Kes15M and attended to 701K_ patients last year at a 40% lower cost than other health service providers.

#EquitySupportingBusinesses
Live link: bit.ly/3KljYzN
Schools in Kenya spend Kes20B on firewood every year.

#EquitySupportingBusinesses
Live link: bit.ly/3KljYzN
.@KeEquityBank has reached 400 houses in clean energy, plans to turn 1000 boarding schools to LPG users to save trees in Kenya and 12M trees have been planted so far.

#EquitySupportingBusinesses
Live link: bit.ly/3KljYzN
.@KeEquityBank COO @Igathepolycarp on the bank's Africa Recovery and Resilience Plan.

#EquitySupportingBusinesses
Live link: bit.ly/3KljYzN Image
.@KeEquityBank CTO saying the bank is making progress on secure transactions will be bringing in Equity Mobile 3.0, a chatbot and a mobile wallet which has been approved by the regulators.

#EquitySupportingBusinesses
Live link: bit.ly/3KljYzN Image
.@KeEquityBank partnerships across the 6markets run from UN and its agencies, foreign missions and international bodies. - Joy, Communications Director

#EquitySupportingBusinesses
Live link: bit.ly/3KljYzN Image
.@KeEquityBank customers have brought $4.5B in deposits - Dr. James Mwangi

#EquitySupportingBusinesses
Live link: bit.ly/3KljYzN Image

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More from @mmnjug

mmnjug™ Profile picture
Oct 31
An upgrade of Kenya’s security surveillance system, establishment of another US military base, and concerns over abductions featured in separate talks between Ruto and foreign intelligence chiefs, @NationAfrica has established.
During a meeting at State House, Nairobi, CIA Director William Burns is reported to have discussed with Ruto how to strengthen Kenya’s security role in the region through deployment of the new surveillance system.
At the meeting also attended by NIS boss Noordin Haji, the establishment of a new US military base in Turkana in Northern Kenya and the expansion of the Manda Bay base in Lamu was also discussed as the Americans look to increase their presence in the region.
Read 15 tweets
mmnjug™ Profile picture
Oct 7
Ruto is quietly reshaping his administration, consolidating power as he distances himself from old allies that defined his leadership more than three months ago.
In a striking departure from the image of an open and easy leader, Ruto is tightening control, enforcing strict access protocols, and reshuffling long-serving staff.
Ruto's critics reveal that the move signals his growing authority but has raised concerns about Kenya’s democratic space. Image
Read 26 tweets
mmnjug™ Profile picture
Jul 29, 2023
The @KenyasOmbudsman has come to the defence of the Mukumu Girls cook who was sacked for informing the media of how students’ food was handled before a disease outbreak earlier this year. - @NationAfrica
After @NationAfrica reported on Tuesday that Douglas Muchela Isutsa had been given the marching orders alongside eight others, @KenyasOmbudsman (Commission on Administrative Justice) wrote to Mukumu principal, seeking an explanation within 7days on why Mr Muchela was sacked.
The letter—signed by Ms Lucy Ndung’u, the access to information commissioner—tells the principal that according to the Access to Information Act, no person should be penalised for making a disclosure in the public interest.
Read 6 tweets
mmnjug™ Profile picture
Mar 21, 2023
The budget allocation for the purchase of new cars for Kenya’s top three government offices has shot up eight times in the latest changes to the spending plan that also benefited retired President Kenyatta. - @BD_Africa
The offices of President Ruto, DP Gachagua, PCS Mudavadi have been allocated Sh802.2M to buy motor vehicles in the current FY, a significant increase from what had been allocated as Kenyans come to terms with a bloated government that's scuttled Kenya Kwanza’s austerity measures.
In the budget estimates for the Financial Year 2022/23, the three offices had been allocated Sh100.8M, though the office of the Prime Cabinet Secretary had not been catered for. However, the exclusion of the Prime CS only cuts the expenditure by 10%, or Sh80M
Read 12 tweets
mmnjug™ Profile picture
Mar 21, 2023
High Court judge Justice Abigail Mshila has ruled that financial lender cannot go for a loan guarantor after auctioning assets of the principal borrower and failling to recover the outstanding debt. - @nationafrica
Justice Abigail Mshila held that if the asset provided as collateral or security fails to fetch the amount enough to settle the debt, a lender is barred from going for the guarantors.
In a ruling that is likely to serve as a respite to many guarantors, the court further ruled that a lender is not entitled to any compensation if the asset held as security is auctioned and still the sums undue are not recovered.
Read 14 tweets
mmnjug™ Profile picture
Mar 20, 2023
Last week, @SafaricomPLC @Huawei announced a partnership to launch three 5G experiential centers in Nairobi. These centres are at Safaricom’s Village Market, The Hub, and Buruburu Shops. - @techweez

#Safaricom5G
#Experience5G
At the 5G experience centres, customers will experience virtual reality gaming zones, showcases of smart-capabilities for homes and enterprises, and speed-testing booths.
.@SafaricomPLC has installed more than 200 5G locations in 11 counties, including Nairobi, Mombasa, Kisumu, Kisii, Kakamega, Nakuru, Kiambu, Machakos, Kajiado, Vihiga, and Siaya.
Read 5 tweets

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