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Mwango Capital

@MwangoCapital

Apr 2, 2022 • 17 tweets • 10 min read • Read on X

Scrolly

@SafaricomPLC

𝐓𝐡𝐢𝐬 𝐰𝐞𝐞𝐤'𝐬 𝐭𝐨𝐩 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐧𝐞𝐰𝐬 𝐢𝐧 𝐦𝐞𝐦𝐞𝐬 𝐚𝐫𝐞 𝐩𝐨𝐰𝐞𝐫𝐞𝐝 𝐛𝐲 𝐒𝐚𝐟𝐚𝐫𝐢𝐜𝐨𝐦'𝐬 [@SafaricomPLC] 𝐭𝐞𝐜𝐡 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬.

Tegea we tell you more about them.

1. Fuel prices have spiked & many just can't find fuel in Kenya:

#MwangoMemes

2. Finding fuel has been hard yoh!

#MwangoMemes

3. With maize becoming scarce, feed processors have gotten the nod to import GMO yellow maize.

#MwangoMemes

4. The Kenyan Supreme Court on Thursday put a stop to BBI [Building Bridges Initiative]:

#MwangoMemes

5. Britam reported pre-tax earnings of KES 1B but had to pay paid a higher-than-usual tax rate of 92.8%.

This was due to significant one-off expenses in the holding company that are tax disallowable.

#MwangoMemes

@SafaricomPLC

6. Water break.

- One tech solution from Safaricom is cloud computing.

- Cloud computing offers a virtual environment for businesses to store valuable business information.

- @SafaricomPLC partners with public cloud providers to resell their cloud solutions

#BuiltforBigger

7. The much-awaited relocation of public service vehicle from Nairobi city centre will begin this month.

Matatus plying Ngong, Lang’ata, and Argwings Kodhek roads and long-distance PSVs from Mt Kenya region will be the first to be affected.

#MwangoMemes

8. The average daily cost of leasing Nairobi homes through short-term house rental platform Airbnb has increased 23% in the past 11 months to USD 49 (KES 5,652):

#MwangoMemes

9. Kenya's debt repayments are set to overtake recurrent expenditure for the first time in the fiscal year starting July 2022:

#MwangoMemes

10. Kenyan MPs rejected a Bill that seeks to reintroduce free milk to school children.

The programme would have distributed free milk in public primary and pre-primary schools.

#MwangoMemes

11. This week, we learnt that Kenya Airways had narrowed its 2021 full year net loss by 56.58% to KES 15.8B:

#MwangoMemes

12. Safaricom’s share of the voice market hit a four-year high of 70.4% in the 3 months ended December 2021:

#MwangoMemes

13. Safaricom this week partnered with Gulf African Bank to introduce Halal Pesa, a Shariah-compliant mobile finance service.

The maximum disbursement will be KES 20K with a 30-day repayment period at a 5% Murabaha margin.

#MwangoMemes

14. Negotiations have begun to review power purchase agreements in the push to further cut electricity bills for homes and business by 15% in 3 months to June 2022:

#MwangoMemes

15. The price of key construction materials have skyrocketed in the past few months meaning that the cost of acquiring or building new homes is rising:

#MwangoMemes

16. We also learnt that Kenya Airways reversed planned pay cuts as it showed signs of business recovery and on the back of MPs approving a KES 20B bailout:

#MwangoMemes

@Wanjiku_Njuguna

17. That's all the memes we had for #MwangoMemes this week!

Kudos to our meme lords are @Wanjiku_Njuguna + @kahome_steve.

Make sure to check out our partners for the week @SafaricomPLC Tech solutions: business.safaricom.co.ke/built-for-bigg…

#BuiltForBigger

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More from @MwangoCapital

Mwango Capital

@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. 🧵

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.

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

@MwangoCapital

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.

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.

3. Property sales prices:

— Overall up +2.45% QoQ, +4.9% YoY.
— Juja (+4.2%) and Limuru (+4.0%) led growth.

Read 8 tweets

Mwango Capital

@MwangoCapital

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.

@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

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.

Read 12 tweets

Mwango Capital

@MwangoCapital

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]

@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.

2️⃣ Withholding Tax:

The bill introduces withholding tax on goods supplied to public entities at 3% for resident persons and 5% for non-residents.

Read 21 tweets

Mwango Capital

@MwangoCapital

Apr 16, 2024

We compiled a thread on SACCO's FY 23 Results that we have received so far.

Here is the thread:

@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%

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%

Read 21 tweets

Mwango Capital

@MwangoCapital

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"