Mwango Capital Profile picture
Mar 13 โ€ข 5 tweets โ€ข 4 min read
In our newsletter this week:

Banks' Earnings Week
๐Ÿฆ Bank Earnings Ahead
โš ๏ธ Equity [@KeEquityBank]โ€™s Risk-Based Lending
โ˜Ž๏ธ MTN [@MTNGroup] Seeks Investors

Link: thebaobab.substack.com/p/banks-earninโ€ฆ Image
1. Banksโ€™ Earnings Ahead

- Standard Chartered [@StanChartKE] will release its results tomorrow.

- Absa [@AbsaKenya], Equity [@KeEquityBank], KCB [@KCBGroup], and Cooperative [@Coopbankenya] slated to release their annual results mid this week. Image
2. Equity [@KeEquityBank]โ€™s Risk-Based Lending

- CBK [@CBKKenya] this week granted approval to Equity Bank to price their loans according to customer risk.

- Equity is the first Tier 1 bank to get risk-based lending approval. Image
3. MTN [@MTNGroup] Seeks Investors

- MTN Group is looking for minority investors in its African fintech unit.

- The telco has spun off its fintech division to a fully-fledged outfit, separating it from the core telecoms business. Image
For these and much more, read and share widely.

thebaobab.substack.com/p/banks-earninโ€ฆ

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More from @MwangoCapital

Mar 15
Absa FY 2021:

1. 32% total returns for FY 2021

#AbsaFY2021Results Image
2. KES 1.1 Dividend per share for 2021.

#AbsaFY2021Results Image
3. Profit After Tax track record:

#AbsaFY2021Results Image
Read 9 tweets
Mar 14
Standard Chartered Bank Kenya [@StanChartKE] is this morning holding an Investor Briefing to announce Full Year 2021 Results.

Keep it here for updates Image
Standard Chartered Kenya [@StanChartKE] full year 2021 results briefing:

Do you have some questions for the management team? Image
Highest profit in 5 years at Stanchart Kenya: Image
Read 9 tweets
Mar 13
A few notes from the Absa Africa [@AbsaKenya] Financial Markets Index 2021:

1. Kenya drops to number 11 from position 7 in 2020. Image
2. Kenya has a low equity turnover of 5% as a percentage of market cap.

Bonds have a way higher turnover vs equity. Image
3. Egyptian exchange is the most active exchange in Africa: Image
Read 13 tweets
Feb 23
The CBK just launched the National Payments Strategy 2022-2025.

It is an 85 page report and here are our key takeaways:
1. The aim of the strategy:

"...to provide a framework to guide the current and future of payment services anchored on the Vision Statement โ€“ a secure, fast, efficient and collaborative payments system that supports financial inclusion and innovations that benefit Kenyans"
2. This is a lovely summary of the Kenya's National Payments Landscape:
Read 15 tweets
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.
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
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
Read 16 tweets

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