Standard Chartered Bank Kenya [@StanChartKE] is this morning holding an Investor Briefing to announce Full Year 2021 Results.

Keep it here for updates

@StanChartKE

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:

Read 9 tweets

Mwango Capital

@MwangoCapital

Mar 13

@KeEquityBank

In our newsletter this week:

Banks' Earnings Week
🏦 Bank Earnings Ahead
⚠️ Equity [@KeEquityBank]’s Risk-Based Lending
☎️ MTN [@MTNGroup] Seeks Investors

Link: thebaobab.substack.com/p/banks-earnin…

@StanChartKE

1. Banks’ 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.

@KeEquityBank

2. Equity [@KeEquityBank]’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.

Read 5 tweets

Mwango Capital

@MwangoCapital

Mar 13

@AbsaKenya

A few notes from the Absa Africa [@AbsaKenya] Financial Markets Index 2021:

1. Kenya drops to number 11 from position 7 in 2020.

2. Kenya has a low equity turnover of 5% as a percentage of market cap.

Bonds have a way higher turnover vs equity.

3. Egyptian exchange is the most active exchange in Africa:

Read 13 tweets

Mwango Capital

@MwangoCapital

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 – 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

Mwango Capital

@MwangoCapital

Feb 19

@ShareHubKE

𝗧𝗵𝗶𝘀 𝘄𝗲𝗲𝗸'𝘀 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗺𝗲𝗺𝗲𝘀 𝗮𝗿𝗲 𝗯𝗿𝗼𝘂𝗴𝗵𝘁 𝘁𝗼 𝘆𝗼𝘂 𝗯𝘆 𝗦𝗵𝗮𝗿𝗲𝗛𝘂𝗯 [@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.

@KeEquityBank

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

@ILAMReit

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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