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Sep 12, 2022 21 tweets 7 min read Read on X
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

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
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
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

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