Mwango Capital Profile picture
Mar 14, 2022 9 tweets 3 min read Read on X
Standard Chartered Bank Kenya [@StanChartKE] is this morning holding an Investor Briefing to announce Full Year 2021 Results.

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

Do you have some questions for the management team?
Highest profit in 5 years at Stanchart Kenya:
Balance Sheet snapshot:

-Loan Book +4%
-Customer Deposits +4%
Income:

-Net Interest Income -2%
-Non-Interest Income +25%
-Total Operating Income +7% to Kes 29.2 billion
Net Earnings:

-PBT +70% to Kes 12.6 billion
-PAT +67% to Kes 9 billion (highest in 5 years)
DPS and EPS:

-Kes 14 recommended translating to Kes 19 (Kes 5 already paid) for full year 2021 (DPOR 83%)
-EPS +68% to Kes 23.49
Costs:

-Loan loss provisions -46%
-Total OPEX +10% to Kes 14.5 billion
Risk pricing of loans:

“We are at the tail end of the conversation with the regulator”
-@kariuki_ngari

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Mwango Capital

Mwango Capital Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @MwangoCapital

May 2
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. 🧵 Image
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. Image
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?
Read 10 tweets
Apr 29
The Hass Land and Property Index Q1 2025 Report by @HassConsult:

1. Land prices in Nairobi:

— Suburbs grew +1.7% QoQ, matching Q4'24.
— Annual growth +6.9% YoY.
— Spring Valley (+3.7%), Karen & Upperhill (+2.9%) led gains. Image
2. Satellite town land prices:

— Up +2.4% QoQ, +9.9% YoY.
— Leaders: Kiserian (+5.0%), Thika (+4.6%), Juja (+3.2%).
— Ruaka (-0.1%) contracted. Image
3. Property sales prices:

— Overall up +2.45% QoQ, +4.9% YoY.
— Juja (+4.2%) and Limuru (+4.0%) led growth. Image
Read 8 tweets
Oct 15, 2024
KETRACO [@KETRACO1] has taken 3 pages in the Star Newspaper to give more details on the Adani Energy deal.

Here is a thread with a few key points we noted from the statement. Image
@MativoMJohn @arnoldi254 @kinjeketile @Jasiri_MAR @DollyOgutu @lindahoguttu @RichardOnyonka_ 1. Background:

—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 Image
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. Image
Read 12 tweets
May 11, 2024
The latest Finance Bill proposes several key changes to Kenya's tax laws.

Here is a thread of a few things we picked:🧵

[Corrections welcome] Image
@Nikhil_Hira @mwaniki_joseph @wakili_dennis @ill_dduor @coldtusker @Brianmbunde @janetmachuka_ @arnoldi254 @mmnjug @Theo_mwangi 1️⃣ Finance Bill 2024 introduces the Motor Vehicle Tax:

💰 The tax rate is set at 2.5% of the vehicle's value

🔴 Minimum tax: KES 5k. Maximum tax: KES 100k

✍️Calculation based on make, model, engine capacity, and year of manufacture.

Image
Image
Image
2️⃣ Withholding Tax:

The bill introduces withholding tax on goods supplied to public entities at 3% for resident persons and 5% for non-residents.
Image
Image
Read 21 tweets
Apr 16, 2024
We compiled a thread on SACCO's FY 23 Results that we have received so far.

Here is the thread: Image
@cheruiyotkb @the_acemt @moneyacademyKE @nderi_j @RonnyChokaa @xysist @wiseshilling @StellarSwakei @tyrus_ 1. Nation DT Sacco[@NationDTSacco]:

—Total Assets: +17.7% to 3.5B
—Net Income: +8.5% to 235M
—PAT: +3.8% to 116M
—Dividend rate on deposits: 20%
—Interest rate on member deposits: 11% Image
2. Magereza DT Sacco:

—Total Assets: +12.7% to 7.9B
—Net Income: +33.4% to 606M
—PAT: +53.9% to 129M
—Dividend rate on share capital: 10%
—Interest rate on member deposits: 6% Image
Read 21 tweets
Apr 5, 2024
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"
Read 10 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(