Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
Mwango Capital Profile picture
@MwangoCapital
Mar 15, 2022 • 9 tweets • 4 min read • Read on X
Scrolly
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
Balance Sheet Snapshot:

-Loans to Customers +12% to Kes 234 billion
-Customer deposits +6% to Kes 269 billion

#AbsaFY2021Results Image
Income:

-Net Interest Income +8% to Kes 25.2 billion (NII ratio: 68.4%)
-Non Interest Income +5% to Kes 11.7 billion (NFI ratio: 31.6%)
-Total Operating Income +7% to Kes 36.9 billion

#AbsaFY2021Results Image
Asset quality:

Gross NPL ratio 7.8% (Industry average: 13.1%

#AbsaFY2021Results Image
Pivoting from capital preservation to capital precision

#AbsaFY2021Results Image
Some key ratios:

-ROE at 19.3%
-CTI at 45%

#AbsaFY2021Results Image
Risk based pricing:

“We are in conversation with the Central Bank. We are confident we will come at a conclusion”

@JeremyAwori

• • •

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

Mwango Capital Profile picture
Sep 24
In 2024, Watu financed 1.4M smartphones, 80,000 vehicles, and 2,193 electric bikes, generating USD 231M in revenue.

Here are some other interesting things we found in their second sustainability report.

A thread: Image
1/ By 2024, Watu had expanded operations across seven countries: Kenya, Uganda, Tanzania, Rwanda, Nigeria, Sierra Leone, and DRC. Image
2/ Watu’s 2024 financials:
— Revenue: USD 231M (+67% YoY)
— Wages & salaries: USD 31M (+48% YoY)
— Net profit: USD 6.5M (-3% YoY)
— Taxes paid: USD 8M+

Growth was driven mainly by smartphone financing, now the fastest-scaling product. Image
Read 9 tweets
Mwango Capital Profile picture
Sep 17
𝐑𝐨𝐮𝐧𝐝𝐮𝐩 𝐨𝐟 𝐓𝐨𝐝𝐚𝐲'𝐬 𝐓𝐨𝐩 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐂𝐨𝐧𝐭𝐞𝐧𝐭 [𝟏𝟕𝐭𝐡 𝐒𝐞𝐩 𝟐𝟎𝟐𝟓]:

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.Image
@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…
3. Kenyan markets yesterday:

🟢 Top Gainer: Car and General up 6.95% to 39.25

🔴 Top Loser: Home Africa down 9.04% to 1.51 Image
Read 10 tweets
Mwango Capital Profile picture
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
Mwango Capital Profile picture
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
Mwango Capital Profile picture
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
Mwango Capital Profile picture
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

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!

Send Email!

:(