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Mwango Capital Profile picture
@MwangoCapital
Sep 12, 2022 • 21 tweets • 7 min read • Read on X
Scrolly
We decided to make a #MwangoMemes as a tribute to outgoing President Uhuru Kenyatta given how memeable he has been.

He literally became the president of Meh-meh-s and he seemed to enjoy them too

Here are our top 10 memes from him:
1. Getting started a while back: Image
2. We have many faces of him:
3. Happy face: Image
4. Sad face: Image
5. Naughty face: Image
6. Cheeky face: Image
7. Funny face: Image
8. "Ona huyu" face: Image
9. This is kind of the way foreign journalists were waiting to see Kenya up in flames during elections: Image
10. Will be tough tomorrow for him wondering what to do now that he is no longer President: Image
11. At least for, the Presidential Retirement Benefits Act entitles him to a KES 34.7M lump sum pension for the 2 terms served, & an annual gratuity of KES 72M amongst many other benefits: Image
12. Meanwhile, he leaves behind a legacy of huge infrastructure project plus huge debts and a high inflation: Image
13. Slowly, Kenyans are going back to watching KBC. It is the only local channel showing the inauguration: Image
14. "Sasa, cheki yule pale anasoma memes zetu bila kulike au kuRT" Image
15. "Sasa, mnataka nido?" Image
16. "Wee, mimi sina pesa" Image
17. "And then we told them we are going to build 5 international stadiums" Image
18. "Do you see those #MwangoMemes, wueh? These #Mwango people know their stuff" Image
19. Anyway, he bows out tomorrow. Goodbye king of memes. Image
20/20: That is all we had from #MwangoMemes desk.

We started wanting to make only 10 and ended up making 20 memes!

Share your memes too!

By the way, subscribe to our newsletter and get our analysis weekly in your email: mwangocapital.substack.com/subscribe Image

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More from @MwangoCapital

Mwango Capital Profile picture
Oct 15
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
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
Mwango Capital Profile picture
Apr 16
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
Mwango Capital Profile picture
Apr 5
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
Mwango Capital Profile picture
Jan 7
We selected the top #MwangoMemes from 2023 for you to enjoy!

1. The Kenya shilling closed 2023 at KES ~157 against the dollar.

Earlier in the year the President had promised that it would be trading at around 115 to 120 in a few months.

#MwangoMemes Image
@coldtusker @OchiengJasper @Brianmbunde @Bebi_16 @swabrah @KenyansNoContxt @Dicksonmagecha @MugambiNandi @alexmwanzo @InvAnalystKe 2. Kenya Power [ @KenyaPower] sought to enter the internet business.

It identified some 93 hotspots in Nairobi & Mombasa where it will connect with high-speed internet through 1,331.68 km of overhead fiber optic cables in phase 1 of its data business.

#MwangoMemes Image
3. There was a proposal to make Kenyans working abroad make mandatory contributions to a new Fund.

Every migrant worker would have to register as a member of the fund before departing the country.

#MwangoMemes Image
Read 25 tweets
Mwango Capital Profile picture
Dec 24, 2023
𝐓𝐡𝐢𝐬 𝐖𝐞𝐞𝐤'𝐬 𝐓𝐨𝐩 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐍𝐞𝐰𝐬 𝐢𝐧 𝐌𝐞𝐦𝐞𝐬:

1. Kenya's backlog of incomplete projects reaches KES 1.3 T, sparking calls for a halt on new government projects until existing ones are completed

#MwangoMemes Image
@MihrThakar @KenyansNoContxt @PesaWall @alexmwanzo @swabrah @NguliMT @MwangiMaina_ @Brianmbunde @arnoldi254 @DollyOgutu 2. Taxpayers are facing a new burden as President Ruto's administration plans to secure an additional KES 362B to fund his second full-year budget, set to surpass the KES 4T mark for the first time.

More debt on the way:

#MwangoMemes Image
3. Emergency loans the Treasury has tapped directly from CBK [ @CBKKenya] have hit a historical record KES 91.13 B.

According to CBK data, GoK’s overdraft has grown from KES 61.12 B at the end of July to KES 88.33B on December 1.
#MwangoMemes Image
Read 20 tweets

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