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 14
As we usher in the new regime, we took a look at the last 10 years of the Uhuru Kenyatta regime using 10 charts we have made:

Enjoy, RT, and share widely.

Here we go! 🧵👇 Image
@MaudhuiHouse @johnallannamu @DollyOgutu @kirigwi @TonyMurega @ephraimnjegafan @LeoKemboi @BrianGeorgeKE @alykhansatchu @coldtusker 1/ GDP:

Kenya's total economic output nearly tripled to reach KES 12.1T in 2022 compared to KES 4.74T in 2013. Image
2/ Government Revenues vs Expenses:

In 2013, the government's total revenue stood at KES 822.67 against KES 1.26T in expenditure.

In 2022, total revenue was KES 2.2T against KES 3.02T in expenditure. Image
Read 13 tweets
Sep 14
A short thread on this.

1. As per this FAO report from March 2022:

"At the time of this report, fertilizer prices were Ksh 6,000 ($53) per 50kg bag, a 71% increase from the previous year’s Ksh 3,500 ($31) per bag"

Fertilizer prices have been on the rise this year. Image
2. Via @StatistaCharts, here is chart on the agricultural use of fertilizers in Kenya from 2015 to 2019, by type (in 1,000 metric tons).

Around 320k metric tonnes of fertilizers were consumed in Kenya in 2019. Image
3. Earlier this year, Agriculture CS Peter Munya announced that the government was setting aside KES 5.8B (2,280,000 50k bags of fertilizers).

Not sure how that went. Any thoughts? @JesseKenya

Image
Read 4 tweets
Sep 14
The Mwango roundup of Today’s Top Business News [September 14, 2022]

1. President Ruto and Deputy President Rigathi were sworn in yesterday.

Here are some key items the President promised action on in his first speech as President. Image
2. In swift action, the President gazetted the 4 judges of the Court of Appeal yesterday.

These were:
—Korir Weldon Kipyegon
—Muchelule Aggrey Otsyula
—Odunga George Vincent
—Joel Mwaura Ngugi

They will be sworn in today. Image
3. Present at the event yesterday was Africa's richest Kab Aliko Dangote.

He has previously tried to invest in Kenya by building a cement factory but shelved those plans. Image
Read 15 tweets
Sep 13
The Mwango roundup of Today’s Top Business News [September 13, 2022]

1. President-Elect William Samoei Ruto is today set to take the oath of office as Kenya’s 5th President.

Debt, high cost of living, and a public wage bill crisis are some of challenges his government faces. Image
2. Equity Group has entered into an agreement to purchase certain Assets and Liabilities of teachers-owned Spire Bank.

Equity will take over Spire's 20K existing customers with a deposit of approximately KES 1.3B, 3,700 loan customers with a loan book of approximately KES 945M. ImageImage
3. Kenya’s current account deficit was estimated at 5.1 percent of GDP in the 12 months to July 2022, compared to 5.2 percent of GDP in the 12 months to July 2021.

The narrower deficit reflects improved receipts from service exports and remittances. Image
Read 12 tweets
Sep 12
The Mwango roundup of Today’s Top Business News [September 12, 2022]

1. A High Court has allowed the National Oil Corporation of Kenya to appeal a KES 32.6M award to a contractor by an arbitrator 3 years ago for a botched petrol station.

[@BD_Africa] Image
2. University lecturers want their salary negotiations to be concluded 2 years in advance and the structure of the review team changed.

The lecturers say the inclusion to the IPUCCF of DVCs, registrars instead of council chairmen has made negotiations problematic.

[@BD_Africa] Image
3. Provisional trade data shows the UAE has leapfrogged India to become Kenya’s 2nd largest source market in H1 2022 after China on the back of soaring oil prices.

Imports (YoY, KES):
▪️:China: +9.12% to 227.95B
▪️:UAE: +131.9% to 177.8B
▪️India: +36.61% to 150.25B

[@BD_Africa] Image
Read 11 tweets
Jul 9
𝐄𝐧𝐣𝐨𝐲 𝐭𝐡𝐢𝐬 𝐰𝐞𝐞𝐤'𝐬 𝐭𝐨𝐩 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐧𝐞𝐰𝐬 𝐢𝐧 𝐦𝐞𝐦𝐞𝐬 𝐚𝐬 𝐩𝐨𝐰𝐞𝐫𝐞𝐝 𝐛𝐲 @MwangoCapital:

1. Kenyan banks are not a happy lot as the M-Pesa Global Pay Visa Card from @SafaricomPLC is undercutting them by offering better FX rates.

#MwangoMemes
2. Sticking to Safaricom, Vodacom has some ambitious targets for it in Ethiopia.

It projects @SafaricomET to reach EBITDA break-even in 4 years & hit an EBITDA margin of 40% in 10 years.

FYI: Ethio Telecom had average EBITDA margins of ~66% in FY 18 to FY 20

#MwangoMemes
3. Not all companies are staring at bright futures.

Sportspesa is among 97 other companies that risk closure after the government failed to renew their licences for the financial year ending June 2023.

We got footage of their efforts to get back in business:

#MwangoMemes
Read 20 tweets

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