Mwango Capital Channel @mwangocapital Channel on Telegram

Mwango Capital Channel

@mwangocapital

The best of African Capital Markets

Mwango Capital Channel (English)

Are you interested in learning more about the African capital markets? Look no further than the Mwango Capital Channel on Telegram! With the username @mwangocapital, this channel is dedicated to bringing you the best insights, analysis, and news from the world of African capital markets. Mwango Capital Channel strives to be your go-to source for all things related to investing and finance in Africa. Whether you are a seasoned investor looking to expand your portfolio or a beginner wanting to learn more about the opportunities in African markets, this channel has something for everyone. Who is Mwango Capital Channel? It is a team of financial experts and enthusiasts who are passionate about sharing their knowledge and expertise with the world. With years of experience in the industry, they provide valuable insights and analysis that can help you make informed decisions when it comes to investing in African capital markets. What is Mwango Capital Channel? It is a Telegram channel that offers a curated selection of articles, news, and updates on African capital markets. From stock market trends to economic analysis, you can find it all on this channel. Stay up to date with the latest developments and make sure you don't miss out on any investment opportunities in Africa. So, why wait? Join the Mwango Capital Channel today and start your journey towards financial success in African capital markets. With a community of like-minded individuals and expert advice at your fingertips, you can be confident in your investment decisions. Don't miss out on the best of African capital markets - join Mwango Capital Channel now!

Mwango Capital Channel

28 Jan, 15:26

Markets Today:

🟢 Top Gainer: Portland Cement • 28.85 ▴ +2.60 (+9.90%)
🔴 Top Loser: Liberty Kenya • 6.74 ▾ -0.63 (-8.67%)

Highlights:

📈 8 Stocks hit new 52-week highs

💸 Foreign investors were net sellers with net outflows of KES 316.50M
332
Mwango Capital Channel

28 Jan, 14:00

KRA collected KES 1.243T in revenue by December 2024, up 4.5% from KES 1.189T last year. Exchequer revenue was KES 1.120T, and agency revenue hit KES 122.87B, surpassing the KES 101.32B target.

Customs revenue increased by 4.8% to KES 429.13B, and domestic taxes rose 4.4% to KES 811.85B.

The target for FY 2024/25 is KES 2.684T.
398
Mwango Capital Channel

28 Jan, 07:02

NSE Top 10 Companies By Market Cap:

📊 Top 10 surge KES 42.9B to hit KES 1.73T, 83.3% share.
🚀 EABL & KCB lead gains.
📈 Absa overtakes Co-op, now at KES 97.2B.
📊 I&M leapfrogs Stanbic, rising to KES 57.7B.
📉 Stanbic (-KES 0.8B) the only loser this week.

24 January 2025
475
Mwango Capital Channel

28 Jan, 04:08

https://x.com/MwangoCapital/status/1884089922820399158?t=zH4KKxd9mzSaSwlzd07U2w&s=19
491
Mwango Capital Channel

27 Jan, 13:23

In our newsletter this week:

📈 Moody’s Upgrades Kenya’s Outlook to Positive
💰 CBK Targets KES 70B from IFBs
🤑 TransCentury Returns to Profitability in H1 2024

Link: https://open.substack.com/pub/mwangocapital/p/27-01-2025-moodys-upgrades-kenyas-outlook?r=hi2uf&utm_campaign=post&utm_medium=email
577
Mwango Capital Channel

27 Jan, 11:39

This Week

Thursday, 30 Jan 2025
• 📊 EABL H1 2025 Results

Friday, 31 Jan 2025
• 💰 Kenya Power First & Final Dividend Payment [KES 0.70]
• 📉 Kenya Inflation Rate YoY (January)
• 📊 Fitch Ratings Review for Kenya
571
Mwango Capital Channel

27 Jan, 06:40

African markets last week:

🟢Best performer was Malawi MSE ASI +8.71% to 205,667.01 points

🔴Worst performer was Namibia NSX OI -1.47% to 1,807.99 points
600
Mwango Capital Channel

26 Jan, 15:41

Business news in memes this week 😎
https://x.com/MwangoCapital/status/1883454901977838079?t=5HqouvSg2WmdCVf0P1-mug&s=08
682
Mwango Capital Channel

25 Jan, 09:08

Kenyan Markets Weekly Roundup Week 4:

🟢 TransCentury (+86.0%)
🔴 Kenya Airways (-36.9%)
📊 NSE 20 +1.8%, NASI +1.3%.
💸 KES 27.3M net foreign outflows.
💱 Equity turnover +9.1% to KES 2B.
💰 Bond turnover +4.2% to KES 49B.
📊 91-day T-bill yield 9.53% (-4.0 bps).
🌍 Eurobond yields rise; 10Y at 9.00% (+20 bps).
875
Mwango Capital Channel

25 Jan, 06:22

FX Reserves down a whopping USD 491M this week.
816
Mwango Capital Channel

24 Jan, 15:18

Treasury bills were oversubscribed this week, with bids totaling KES 32.8B against a KES 24B target:

—91-day: 📉 down 3.95 bps to 9.5252%
—182-day: 📉 down 0.2 bps to 10.0279%
—364-day: 📉 down 1.0 bps to 11.2945%
914
Mwango Capital Channel

24 Jan, 09:51

Kenya’s Collective Investment Schemes saw assets grow from KES 56.6B in 2018 to KES 316B in September 2024.

AUM increased by KES 62.3B (24.52%) from Q2 to Q3 2024.
891
Mwango Capital Channel

24 Jan, 06:26

The Capital Markets Authority's Q4 2024 Soundness Report highlights "HIGH" risk concerns to the equities market:

💸 Net foreign outflows amount to KES 16.64 billion
🏢 The top 5 firms dominate 64.24% of the market
907
Mwango Capital Channel

24 Jan, 05:03

https://x.com/MwangoCapital/status/1882639692912570431?t=KhZF9AeTJA5En3FdSGqZ2a28ficx_Qv48Ke4Qy0KBw4&s=19
958
Mwango Capital Channel

23 Jan, 11:43

Join us tonight at 8 PM EAT on #MwangoSpaces as we host Asman Mugambi, CEO of Jubilee Life Insurance, to explore strategies for smarter financial planning in 2025 and beyond.

Don't miss.
1,181
Mwango Capital Channel

23 Jan, 10:08

The Kenyan government is in the market for KES 70B via the reopened, tax-free Infrastructure Bonds:

💰 Two re-opened bonds are on offer: IFB1/2022/14 (11.8Y) & IFB1/2023/17 (15.1Y).
📈 The coupon rates are 14.3388% & 14.3990%, respectively.
📅 The auction date is Wednesday, 12th February 2025.
🏦 The settlement date is Monday, 17th February 2025.
💵 The minimum investment required is KES 50K.
📊 Competitive bids start from KES 2M per CSD account.
🔄 Secondary trading begins on 17th February 2025.
929
Mwango Capital Channel

23 Jan, 04:53

Kenya faces heightened debt distress despite last year’s USD 2B Eurobond sale, according to the Institute of Public Finance in its 2025 Macro Fiscal Analysis Snapshot.

The country has breached all IMF debt sustainability thresholds
858
Mwango Capital Channel

22 Jan, 14:11

Markets Today:

🟢 Top Gainer: East African Cables • 1.32 ▴ +0.12 (+10.00%)

🔴 Top Loser: Kenya Airways • 6.22 ▾ -0.68 (-9.86%)

Highlights:

📈 NSE 10 & NSE 25 indices hit new 52-week highs
📈 $CTUM| $LKL | $KCB | $CABL| $SCAN | $UCHM | $HAFR hit new 52-week highs

💸 Foreign investors were net sellers recording net outflows totaling KES 59M
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Mwango Capital Channel

22 Jan, 06:05

The Capital Markets Authority is engaging Genghis Capital Ltd to create a roadmap to address its outstanding debt obligations to stakeholders.

CMA says that client assets remain secure in segregated accounts, regulated under CMA's 2023 guidelines.
937
Mwango Capital Channel

22 Jan, 05:01

The Treasury has proposed shifting the issuance of government bonds and Treasury bills from CBK to the Public Debt Management Office to streamline debt management.
486
Mwango Capital Channel

21 Jan, 16:55

We are live: 🎙

https://x.com/i/spaces/1RDGlyyZjQqJL
584
Mwango Capital Channel

21 Jan, 15:20

Markets Today:

🟢 Top Gainer: TransCentury Limited • 0.72 ▴ +0.17 (+30.91%)

🔴 Top Loser: Kenya Airways • 6.90 ▾ -0.76 (-9.92%)

Highlights:

📈 NASI hit new 52-week highs
📈 $CTUM| $LKL | $HFCK | $CABL| $SCAN hit new 52-week highs

💸 Foreign investors were net buyers recording net outflows totaling KES 59.6M
580
Mwango Capital Channel

21 Jan, 12:19

Join us tonight at 8 PM EAT on #MwangoSpaces as we have a discussion on what to look out for in taxes in 2025.
581
Mwango Capital Channel

21 Jan, 06:44

TransCentury posted KES 3.09B in H1 2024 revenue (+12%) and KES 375M net profit, driven by strong performance, asset sales, and forex reversals aided by a stronger shlling.
621
Mwango Capital Channel

20 Jan, 16:13

Markets Today:

🟢 Top Gainer: TransCentury Limited • 0.55 ▴ +0.05 (+10.00%)

🔴 Top Loser: Kenya Airways • 7.66 ▾ -0.84 (-9.88%)

Highlights:

📈 NASI & NSE 20 Index hit new 52-week highs
📈 $BRIT | $HFCK | $CABL hit new 52-week highs

💸 Foreign investors were net sellers recording net outflows totaling KES 36.50M
675
Mwango Capital Channel

20 Jan, 13:08

KNBS is set to launch an official core inflation measure, in addition to regular headline inflation.

Previously, the CBK relied on non-food non-fuel (NFNF) inflation as a proxy but can now have an actual measure for better economic insights.
670
Mwango Capital Channel

20 Jan, 08:32

In our newsletter this week:

💰 Treasury's 2025 Draft Budget Policy Statement
📊 KNBS's Q3 2024 GDP report
⛽️ EPRA increases pump prices

Link: https://open.substack.com/pub/mwangocapital/p/20-01-2025-the-2025-draft-budget-policy-statement?r=hi2uf&utm_campaign=post&utm_medium=email
672
Mwango Capital Channel

20 Jan, 07:39

National Treasury has published the draft 2025 Medium Term Debt Management Strategy (MTDS).

—Public participation forums begin on Jan 27th across the country.
—View the schedule and share your views in person or via [email protected] by Jan 31.

Link: https://mwangocapital.com/wp-content/uploads/2025/01/medium-term-debt-management-strategy-draft.pdf
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Mwango Capital Channel

20 Jan, 06:34

African markets last week:

🟢Best performer was Malawi MSE ASI +5.40% to 189,195.88 points

🔴Worst performer was Nigeria NGX ASI -2.94% to 102,353.68 points
637
Mwango Capital Channel

20 Jan, 05:12

Kenyan markets last week:

🟢Best performer was HF Group: +54.8% to KES 8.98

🔴Worst performer was Stanbic Holdings: -10.7% to KES 140.25
695
Mwango Capital Channel

20 Jan, 04:16

Diaspora remittances reached a record USD 4.95B in 2024, an 18 percent increase from USD 4.19B in 2023. In December, remittances rose by 5.2 percent to USD 445.4M.
719
Mwango Capital Channel

19 Jan, 09:35

Top business news in memes:
https://x.com/MwangoCapital/status/1880907275533238428?t=QLWL0N0JMU_ssz3u1pIj7A&s=19
823
Mwango Capital Channel

17 Jan, 11:15

How you could have planned your last one year with dividends at the NSE.
1,289
Mwango Capital Channel

17 Jan, 08:43

Kenya Re has invited bids for a tender to establish a liaison office in India’s Gift City. The office will act as a strategic base for expanding operations across Asia.
1,166
Mwango Capital Channel

17 Jan, 05:05

Treasury bills were undersubscribed this week, with bids totaling KES 18.86B against a KES 24B target:

— 91-day: 📉 down 2.9 bps to 9.5647%
— 182-day: 📈 up 0.5 bps to 10.0299%
— 364-day: 📉 down 3 bps to 11.3044%
999
Mwango Capital Channel

16 Jan, 14:05

NSE All Share Index has surged to a new milestone, crossing 130 points for the first time since October 12, 2022.

A month after crossing the 120-point mark.

🟢 +5.6% Year-To-date
1,074
Mwango Capital Channel

16 Jan, 05:37

Cautionary Announcement

Sanlam Kenya announces Allianz Europe BV’s plan to increase its indirect stake from 23.09% to 28%, subject to regulatory approvals.

Shareholders are urged to exercise caution when dealing with Sanlam Kenya shares.
721
Mwango Capital Channel

15 Jan, 14:39

Markets Today:

🟢 Top Gainer: Kenya Airways • 7.60 ▴ +0.68 (+9.83%)

🔴 Top Loser: Car and General • 24.10 ▾ -1.80 (-7.31%)

Highlights:

📈 $BRIT| $CTUM| $HFCK | $CIC | $KQ hit new 52-week highs
📉 $LIMT sets new 52-Week Lows

💸 Foreign investors were net buyers recording net inflows totaling KES 72.53 M
734
Mwango Capital Channel

15 Jan, 07:17

Kenya and the UAE have signed a Comprehensive Economic Partnership Agreement (EPA), paving the way for expanded trade. Farmers stand to benefit from increased exports of meat, vegetables, fruits, and flowers once the deal is ratified.
749
Mwango Capital Channel

14 Jan, 17:03

We are live: https://x.com/i/spaces/1zqKVYqnOQAxB
765
Mwango Capital Channel

14 Jan, 15:39

Markets Today:

🟢 Top Gainer: Kenya Airways • 6.92 ▴ +0.62 (+9.84%)

🔴 Top Loser: Eaagads PLC • 10.85 ▾ -1.14 (-9.58%)

Highlights:

📈 NASI hit new 52-week highs

📈 $BRIT| $CTUM| $HFCK | $SCAN| $KQ hit new 52-week highs
📉 $LIMT sets new 52-Week Lows

💸 Foreign investors were net sellers recording net outflows totaling KES 46.59M
764
Mwango Capital Channel

14 Jan, 11:46

🇰🇪 The Ministry of ICT & Digital Economy invites public comments on the Draft Kenya National AI Strategy (2025–2030).

🗓 Deadline: 19 Jan 2025
746
Mwango Capital Channel

14 Jan, 10:26

Join us today at 8 PM EAT on #MwangoSpaces for a discussion on the economic and market trends of 2024 and what to expect in 2025.
722
Mwango Capital Channel

14 Jan, 09:16

I&M Holding PLC will pay dividends Today

14 January 2025
747
Mwango Capital Channel

14 Jan, 04:13

https://x.com/MwangoCapital/status/1879015413239226571?t=ZVD_HTxPBZSj7p4AhHltsw&s=19
784
Mwango Capital Channel

13 Jan, 14:26

Markets Today:

🟢 Top Gainer: Kenya Airways • 6.30 ▴ +0.56 (+9.76%)

🔴 Top Loser: Kenya Power and Lighting Co. • 6.28 ▾ -0.66 (-9.51%)

Highlights:

📈 NASI hit new 52-week highs

📈 $BRIT| $CABL| $CTUM| $HFCK | $KCB| $KQ hit new 52-week highs

💸 Foreign investors were net sellers recording net outflows totaling KES 8.35M
900
Mwango Capital Channel

13 Jan, 07:18

Motorcycle imports in Kenya have dropped sharply for the second year, falling 36.2% in the first 9 months of 2024 to 40,840 units. This follows a 77.6% dip in 2023, driven by rising shipping costs.
927
Mwango Capital Channel

13 Jan, 04:16

https://x.com/MwangoCapital/status/1878653278432669727?t=d6Yp-RBBGPlNucH3LIQU2g&s=19
852
Mwango Capital Channel

12 Jan, 09:36

https://x.com/MwangoCapital/status/1878374132284571959?t=RnHyNrauR7HgA2JHMT2gdw&s=19
966
Mwango Capital Channel

11 Jan, 08:16

Kenyan Markets Weekly Roundup Week 2:

🔴 EA Portland (-10.4%)
🟢 Kenya Airways (+49.9%)
📊 NSE 20 +2.7%, NASI +2.6%.
💸 KES 694.3M net foreign outflows.
💱 Equity turnover +392.7% to KES 2.7B.
💰 Bond turnover +354.5% to KES 30B.
📊 91-day T-bill yield 9.59% (+23.2 bps).
🌍 Eurobond yields single digits bar 30Y.
1,190
Mwango Capital Channel

11 Jan, 06:27

African markets this week (Week 02, 2025):

📈 Top Gainer: Morocco 🇲🇦 MASI +5.03% to 15,845.63 points
📉 Top Decliner: Egypt 🇪🇬 EGX 30 -2.05% to 29,444.65 points
833
Mwango Capital Channel

10 Jan, 15:11

Markets Today:

🟢 Top Gainer: Kenya Airways • 5.74 ▴ +0.52 (+9.96%)

🔴 Top Loser: Kenya Power • 6.94 ▾ -0.46 (-6.22%)

Highlights:

📈 NASI hit new 52-week highs

📈 $CABL| $HFCK | $KCB| $SCAN| $SBIC set new 52-week highs

💸 Foreign investors remained net buyers recording net inflows totaling KES 35.57 M
896
Mwango Capital Channel

10 Jan, 11:56

Even banks are struggling in January 😅
898
Mwango Capital Channel

10 Jan, 06:15

Interest rates on Kenyan Treasury Bills continued to decline this week:

📉 91-day: -23.2 bps to 9.594%
📉 182-day: -0.1 bps to 10.025%
📉 364-day: -3.7 bps to 11.334%
977
Mwango Capital Channel

09 Jan, 15:40

Markets Today:

🟢 Top Gainer: Kenya Airways • 5.22 ▴ +0.46 (+9.66%)

🔴 Top Loser: Britam Holdings • 6.54 ▾ -0.54 (-7.63%)

Highlights:

📈 NASI hit new 52-week highs

📈 $BRIT | $HFCK | $KPLC | $NSE set new 52-week highs

💸Foreign investors remained net sellers recording net outflows totaling KES 24.12M
1,040
Mwango Capital Channel

09 Jan, 13:07

🚢 Port of Mombasa 2024 Cargo Throughput 🌍

— Total cargo: +14.1% to 41.1M tons
— Dec 2024 throughput: +23.7% to 3.75M tons
976
Mwango Capital Channel

09 Jan, 07:20

Standard Group Limited, once a KES 5 billion media giant with an all-time high of KES 65.45 in 2007, plunged to KES 4.51 on January 6, 2025, marking its lowest since 2001.
909
Mwango Capital Channel

09 Jan, 04:13

https://x.com/MwangoCapital/status/1877203645407834579?t=PhXGqKIv2jFP3nB69vmYfg&s=19
993
Mwango Capital Channel

08 Jan, 15:31

Markets Today:

🟢 Top Gainer: Kenya Airways • 4.76 ▴ +0.43 (+9.93%)

🔴 Top Loser: Express Kenya • 3.15 ▾ -0.23 (-6.80%)

Highlights:

📈 NASI, NSE 10, NSE 20 & NSE25 Share Indices hit new 52-week highs

📈 $BRIT | $HAFR | $HFCK | $KPLC | $NSE | $SMER set new 52-week highs

💸Foreign investors remained net sellers recording net outflows totaling KES 134.63M
784
Mwango Capital Channel

08 Jan, 08:28

Satellite internet providers like Starlink will pay up to 0.4% of annual turnover or a minimum of KES 4M, plus a KES 15M one-off license fee, under proposed Landing Rights Licenses rules by the Communications Authority of Kenya.
828
Mwango Capital Channel

07 Jan, 15:17

Markets Today:

🟢 Top Gainer: Kenya Power • 6.44 ▴ +0.58 (+9.90%)

🔴 Top Loser: Sanlam Kenya • 4.82 ▾ -0.36 (-6.95%)

Highlights:

📈 NASI, NSE 10, NSE 20 & NSE25 Share Indices hit new 52-week highs

📈 $BRIT | $COOP | $HFCK | $KCB | $KPLC | $SBIC | $SCBK set new 52-week highs

💸Foreign investors remained net sellers recording net outflows totaling KES 162.6 M
891
Mwango Capital Channel

07 Jan, 08:23

Kenya's GDP grew by 4% in Q3 24, down from 6% in Q3 23.
901
Mwango Capital Channel

07 Jan, 06:43

KRA reminds you of the extension of the tax amnesty program on interest and penalties for tax debts up to December 31, 2023.

The program runs from December 27, 2024, to June 30, 2025. Taxpayers who have cleared principal taxes will benefit automatically.
964
Mwango Capital Channel

07 Jan, 04:07

https://x.com/MwangoCapital/status/1876479084852887695?t=JfubxfJfsMpqeIizLSRUDw&s=19
875
Mwango Capital Channel

06 Jan, 15:14

Markets Today:

🟢 Top Gainer: ScanGroup Ltd • 2.54 ▴ +0.23 (+9.96%)
🔴 Top Loser: Crown Paints Kenya • 32.00 ▾ -3.55 (-9.99%)

Highlights:

📈 NASI, NSE 10, NSE 20 & NSE25 Share Indices hit new 52-week highs

📈 Centum Investment $CTUM hits a new 52-week high of KES 11.00
📈 HF Group Limited $HFCK hits a new 52-week high of KES 5.00
📉 Standard Group Limited $SGL hits a new 52-week low of KES 4.50

💸Foreign investors remained net sellers recording net outflows totaling KES 409.15 M
988
Mwango Capital Channel

06 Jan, 13:25

https://x.com/MwangoCapital/status/1876222688827756984?t=MtTQ21CP8fgaQBOkY-A3ZQ&s=19
975
Mwango Capital Channel

06 Jan, 06:29

NSE Top 10 Companies By Market Cap:

📊 7 companies now have market caps above KES 100B, led by Safaricom (KES 695.1B).
🏦 KCB Group crosses USD 1B in market cap (KES 137.5B).
💰 Banking dominates with 6 out of 7 in the 100B+ club.

Top 10 account for 84.1% of total market cap.
1,146
Mwango Capital Channel

06 Jan, 04:24

𝐑𝐨𝐮𝐧𝐝𝐮𝐩 𝐨𝐟 𝐓𝐨𝐝𝐚𝐲'𝐬 𝐓𝐨𝐩 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐂𝐨𝐧𝐭𝐞𝐧𝐭 [𝟔𝐭𝐡 𝐉𝐚𝐧.]:

https://x.com/MwangoCapital/status/1876117407120675137?t=G8MXsmgf8rYgZuFx0I_aJg&s=19
1,041
Mwango Capital Channel

04 Jan, 08:58

Kenyan Markets Weekly Roundup Week 1, 2024:

📈 Kenya Power (+21.31%) leads gains.
📉 Unga Group (-10.0%) tops losses.
📊 NSE 20 and All-Share up +5.4% and +3.2%.
💸 KES 82.7M net foreign outflows (55.24% of turnover).
💱 Equity turnover +97.2% to KES 548M.
💰 Bond turnover -47.6% to KES 6.6B.
📊 91-day T-bill yield down 6.9 bps to 9.83%.
🌍 Eurobond yields up; 10-year at 9.06% (+10.4 bps).
📅 Upcoming dividends: I&M Group, Kenya Power, EA Portland.
1,337
Mwango Capital Channel

01 Jan, 12:53

Nairobi Securities Exchange 2024 top movers:
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Mwango Capital Channel

01 Jan, 08:45

Happy new year 2025!!

Thank you for your support
431
Mwango Capital Channel

31 Dec, 08:32

Kenya's inflation rate rose to 3.0% in December 2024, up from 2.8% in November 2024, marking the second consecutive monthly increase since October 2023.

Consumer Price Index (CPI) at an all time high of 141.66 Points.
625
Mwango Capital Channel

30 Dec, 10:20

This Week

Monday, 30 Dec 2024
• 📊 Kenya Inflation Data Year-on-Year

Tuesday, 31 Dec 2024
• 📅 EA Portland Cement Record Date for First & Final Dividend [KES 1.00]
• 📋 Deadline for Migration from Legacy System to iTax
741
Mwango Capital Channel

28 Dec, 06:51

Kenyan Markets Weekly Roundup (Week 52):

📈 Scangroup (+13.5%) leads gains.
📉 TP Serena (-13.1%) tops losses.
📊 NSE 20 and All-Share up +3.9% and +0.6%.
💸 KES 110.4M net foreign outflows (22.39% of turnover).
💱 Equity turnover -98.9% to KES 277.95M.
💰 Bond turnover -68.3% to KES 12.59B.
📊 91-day T-bill yield down 6.0 bps to 9.89%.
🌍 Eurobond yields up; 10-year at 10.00% (+10.1 bps).
📅 Upcoming dividends: EA Portland, I&M Group, Kenya Power.
1,159
Mwango Capital Channel

22 Dec, 09:09

https://x.com/MwangoCapital/status/1870756198166962341?t=qcgwV80YBkDn-rP-ikBVVw&s=19
1,698
Mwango Capital Channel

21 Dec, 06:40

Kenyan Markets Weekly Roundup (Week 51):

📈 Carbacid (+17.11%) leads gains.
📉 Uchumi (-18.2%) tops losses.
📊 NSE 20 and NSE All-Share indices up +1.15% and +2.23%.
💸 KES 307M net foreign outflows.
💱 Equity turnover +1156.6% to KES 24.9B.
💰 Bond turnover +58.8% to KES 39.7B.
📊 91-day T-bill yield drops 7.7 bps below 10% to 9.95%.
🌍 Eurobond yields edge up; 10-year at 9.40% (+53.4 bps).
1,684
Mwango Capital Channel

20 Dec, 14:27

Five NSE-listed banks hit new 52-week highs today

📈 $ABSA: KES 17.00
📈 $COOP: KES 15.95
📈 $DTK: KES 65.00
📈 $NCBA: KES 48.0
📈 $SCBK: KES 275.00
1,361
Mwango Capital Channel

20 Dec, 07:54

ABSA Bank Kenya share price hits KES 17.00 for the first time since 31 March 2015.

📊▴+45.4%
1,351
Mwango Capital Channel

20 Dec, 06:08

📢 Reminder to all VAT-registered taxpayers: Today, 20th December 2024, is the deadline for submitting your November VAT returns using KRA's new VAT Pre-Populated Return System
1,207
Mwango Capital Channel

20 Dec, 06:05

Amsons Industries (K) Ltd successfully acquired 350.4M shares of Bamburi Cement, representing 96.54% of the total shareholding.

Minority shareholders retained 12.6M shares, representing 3.46% of the total shareholding
1,155
Mwango Capital Channel

20 Dec, 06:05

HF Group Rights Issue 2024 Results [KES]

—Entitlement Shares Offered: 769.2M
—Additional Shares Offered: 384.6M
—Total Shares Offered: 1.15B (inc. Green Shoe: 1.5B)
—Gross Proceeds (100% subscription): KES 6.0B
—Subscription Rate: 138.3%
—Total Shares Applied: 1.6B worth KES 6.38B

Full allocations were made for applications up to 5M shares, with remaining shares allocated pro rata at 90.2%.
1,044
Mwango Capital Channel

20 Dec, 05:44

Single-digit rates have returned for the first time since 3rd April 2023 with the 91-day bill at 9.954% (down 7.65 bps):

 —182-day: 10.021% (+2.01 bps)
 —364-day: 11.537% (-22 bps)
909
Mwango Capital Channel

19 Dec, 12:44

Here is The Tax Procedures (Amendment) Act, 2024 that was signed into law last week.

Read it here: mwangocapital.com/wp-content/upl…
1,110
Mwango Capital Channel

19 Dec, 05:35

A block trade of 38% of Bamburi Cement shares (137M) took place yesterday on the NSE, valued at KES 8.91B at KES 65.00 per share—aligning with Amsons Group's buyout offer.
1,176
Mwango Capital Channel

18 Dec, 06:17

Nairobi Securities Exchange announces the delisting of the Acorn Green Bond, effective October 4, 2024, following the early redemption of KES 2.69 billion under Acorn Project (Two) Limited Liability Partnership’s Medium-Term Note Programme.
1,239
Mwango Capital Channel

18 Dec, 05:02

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1,104
Mwango Capital Channel

16 Dec, 08:01

Nairobi Securities Exchange benchmark Index, NSE 20 Share Index, is having its best yearly return since 2012, recording a +25.25% gain so far in 2024.
1,309
Mwango Capital Channel

16 Dec, 04:14

https://x.com/MwangoCapital/status/1868506291850940665?t=RADt8fVi3v239PjwpPvU6g&s=19
1,357
Mwango Capital Channel

15 Dec, 09:27

https://x.com/MwangoCapital/status/1868225667743334770?t=CGATL085DghhL1B4snUgjQ&s=19
1,349
Mwango Capital Channel

26 Nov, 15:54

Markets Today:

🟢 Top Gainer: Sanlam Kenya: +10.0% to KES 4.96

🔴 Top Decliner: Eaagads Plc: -9.4% to KES 12.00

🗒️ Notable point:
— Foreigners were net sellers [net outflows of KES 30.71M].
273
Mwango Capital Channel

26 Nov, 04:43

https://x.com/MwangoCapital/status/1861258291428663542?t=YcYldEE-PlcMhO836kpFgw&s=19
464
Mwango Capital Channel

25 Nov, 06:37

Kenya's Forex Reserves last week stood at $9.144B equivalent to 4.7 months of import cover compared to $ 9.276B equivalent to 4.8 months of import cover in the previous week
726
Mwango Capital Channel

24 Nov, 09:29

https://x.com/MwangoCapital/status/1860615349147943361?t=_2MzDaXdOvIKi8V9t6pDtg&s=19
817
Mwango Capital Channel

23 Nov, 12:15

Kenyan markets this week:

📊 Top gainer: Eaagads +10% to KES 13.25
📉 Top loser: Sanlam -16.7% to KES 5.00
💸 Bond turnover up 36% to KES 31.85B
915
Mwango Capital Channel

23 Nov, 12:02

African markets this week:

📈Top gainer: South Africa JSE +2.07% to 85,608.47 points
📉Top loser: Egypt -2.64% to 30,631.80 points
844
Mwango Capital Channel

19 Nov, 17:46

We're trying something new
1,406
Mwango Capital Channel

14 Nov, 06:43

Today on #MwangoSpaces we host a conversation on the state of the Kenyan Economy.
1,881
Mwango Capital Channel

13 Nov, 15:20

The 10-Year Re-Opened (FXD1/2024/010) bond received bids totaling KES. 55.58B against an offer of KES 20B, out of which KES 30.52B was accepted.

The market-weighted average rate for the accepted bids in this auction was 16.1127%
1,630
Mwango Capital Channel

12 Nov, 17:06

We are live: https://x.com/i/spaces/1lPKqOpXojWJb
1,397
Mwango Capital Channel

12 Nov, 17:06

We're live: https://x.com/i/spaces/1lPKqOpXojWJb
1,172
Mwango Capital Channel

12 Nov, 14:29

Join us tonight at 8 PM EAT on #MwangoSpaces as we unpack the proposed tax laws with Anne Magondu, Senior Tax Manager at Deloitte & Touche LLP.
1,141
Mwango Capital Channel

12 Nov, 08:04

Equity Group Holdings PLC Q3 2024 results [KES, YoY]

—Net interest income: +11% to 80.5B
—Net profit after tax: +13.1% to 45.0B
—Total assets: +0.7% to 1,703.1B
—Customer loans & advances: -5.4% to 800B
—Customer deposits: +9.0% to 1,316.8B
—Gross NPLs: +0.7% to 125.3B
—Net NPLs: -6.7% to 54.1B
—Loan loss provisions: -33.2% to 12.7B
—EPS: 10.4
1,126
Mwango Capital Channel

12 Nov, 03:53

https://x.com/MwangoCapital/status/1856182929841631353?t=GntM9pzz5mI6RaIVnqLfDg&s=19
1,292
Mwango Capital Channel

11 Nov, 15:24

Markets today:

🟢Best performer was EA Portland: +8.9% to KES 38.35

🔴Worst performer was Kapchorua Tea: -9.8% to KES 224.00

🗒️ Notable point:
— Foreigners were net buyers [net inflows of KES 13.85M].
1,291
Mwango Capital Channel

11 Nov, 11:32

Key events in month ahead.
1,026
Mwango Capital Channel

11 Nov, 06:18

The month and week ahead in key events:

📊 Tuesday: Equity Bank Q3 Results
💸 Wednesday: HF Rights Issue opens
⛽ Thursday: EPRA Fuel Prices release & Co-op Bank Q3 Results [Est]
🌱 Friday: I&M Sustainability Report release
1,139
Mwango Capital Channel

11 Nov, 05:39

https://x.com/MwangoCapital/status/1855823013293564211?t=mkRrHVA--Oe9jg5S4s6gDA&s=19
1,135
Mwango Capital Channel

10 Nov, 09:35

https://x.com/MwangoCapital/status/1855541660933140820?t=lF2q7t_4877unsELL_XfCA&s=19

Top business news in memes.
1,314
Mwango Capital Channel

09 Nov, 11:17

Kenyan Markets this week.
1,012
Mwango Capital Channel

09 Nov, 09:22

Kenya's FX Reserves were up a whopping $737M this week to stand at $9.32B (4.8 months of import cover)

That's an increase of $2.3B in 5 months:
—>6th June 2024: $6.98B
—>7th Nov 2024: $9.32B
1,053
Mwango Capital Channel

08 Nov, 07:10

KRA issues clarification stating that insurance relief under the Income Tax Act does not apply to contributions made to SHIF.

Why issue this clarification after payrolls were already done at the end of October & a day before the PAYE filing deadline?
1,195
Mwango Capital Channel

08 Nov, 05:24

T-Bills this week:

—91 day paper & 182 day paper now yielding <14.0% at 13.445% and 13.840% respectively

—4x overall oversubscription (2024 highest). Kes 98.4B worth of bids received against Kes 24.0B targeted.

—Huge appetite for 91-day paper, oversubscribed at 6x.
1,083
Mwango Capital Channel

07 Nov, 16:30

Markets today:

🟢Best performer was EA Portland: +10.0% to KES 32.00

🔴Worst performer was Crown Paints: -4.0% to KES 31.00

🗒️ Notable point:
— Foreigners were net sellers [net outflows of KES 116.72M].
988
Mwango Capital Channel

07 Nov, 06:21

Safaricom [@SafaricomPLC] FY25 Results documents.

—Earnings Presentation: https://mwangocapital.com/wp-content/uploads/2024/11/safaricom-hy25-earnings-booklet.pdf
—Press Release: https://mwangocapital.com/wp-content/uploads/2024/11/safaricom-hy25-press-release.pdf
1,169
Mwango Capital Channel

07 Nov, 05:51

Safaricom M-Pesa revenues were up 16.6% to KES 77.2B for HY 24/25.
1,127
Mwango Capital Channel

07 Nov, 04:08

https://x.com/MwangoCapital/status/1854373205559136357?t=zSKXa5fS5iavV-q34Q5G2g&s=19
915
Mwango Capital Channel

06 Nov, 04:50

𝐑𝐨𝐮𝐧𝐝𝐮𝐩 𝐨𝐟 𝐓𝐨𝐝𝐚𝐲'𝐬 𝐓𝐨𝐩 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐂𝐨𝐧𝐭𝐞𝐧𝐭 [𝟔𝐭𝐡 𝐍𝐨𝐯.]:

https://x.com/MwangoCapital/status/1854010656716104106?t=E6UDgSC7QfO8i2krB8oJ1Q&s=19
1,154
Mwango Capital Channel

05 Nov, 09:57

KenGen's debt profile.
1,276
Mwango Capital Channel

05 Nov, 06:04

Kenya’s third-largest telecom, Telkom, saw a 41.4% drop in subscribers, losing over 1 million customers in the 12 months to June 2024.

This follows a similar decline last year when it lost nearly 900,000 users.

Telkom now has 1.48M customers, down from 2.5M in June 2023
1,289
Mwango Capital Channel

05 Nov, 04:42

https://x.com/MwangoCapital/status/1853648375511708100?t=_ANBIuOxNJ9csex5v3tuyw&s=19
1,024
Mwango Capital Channel

04 Nov, 13:12

Stream the episode on your favourite platform below:

🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/the-mwango-capital-podcast/id1583367792

🎧 Amazon Music: https://music.amazon.com/podcasts/b906c499-76c5-4c4e-b2cc-e9ce1a0c3446/the-mwango-capital-podcast

🎧 Spotify: https://open.spotify.com/show/76j57zrUjRQ459WvMykgMw
1,203
Mwango Capital Channel

04 Nov, 13:11

The Mwango Capital Pod - Ep. 96

We cover the Social Health Insurance Fund (SHIF), its benefits, implementation challenges, and funding mechanisms.

Guests:
—Dr. Brian Lishenga, Rupha Kenya Founding Chair
—Dr. Trizah Tracey John, Ag. Head, Health Financing at MOH

Link: https://mwangocapital.substack.com/p/04-11-2024-understanding-shif?utm_source=substack&publication_id=262782&post_id=150975655&utm_medium=email&utm_content=share&utm_campaign=email-share&triggerShare=true&isFreemail=true&r=hi2uf&triedRedirect=true
1,075
Mwango Capital Channel

04 Nov, 12:42

In our newsletter this week:

⚡️ Kenya Power’s Record KES 30.08B Profit
📈 KenGen Doubles Dividend KES 0.65
💰 IMF Approves $606M Disbursement to Kenya

Link: https://open.substack.com/pub/mwangocapital/p/04-11-2024-kenya-powers-record-profit?r=hi2uf&utm_campaign=post&utm_medium=email
889
Mwango Capital Channel

04 Nov, 10:07

Tanzania's central bank, BoT, announces the phased withdrawal of old shilling banknotes, effective Jan 6 - April 5, 2025.

Denominations from 200 to 10,000 issued before 2010 will be removed from circulation.
891
Mwango Capital Channel

04 Nov, 09:24

The month ahead.
949
Mwango Capital Channel

04 Nov, 04:27

https://x.com/MwangoCapital/status/1853286512085061792?t=u-lhNmxBg94xxbofwHmCIw&s=19
1,135
Mwango Capital Channel

03 Nov, 10:54

https://x.com/MwangoCapital/status/1853008411266535527?t=vOXWA8mTjvg7GG6pS05D4Q&s=19
991
Mwango Capital Channel

01 Nov, 07:12

The NSE performance for the first 10 months of 2024:

Top Performers This Year:
—E.A Portland Cement: +298.8%
—Kenya Orchards: +259%
—Kenya Power: +221.1%

Worst Performers This Year:
—Nation Media Group: -29.7%
—Standard Group: -28.9%
—Trans-Century: -28.8%
1,378
Mwango Capital Channel

31 Oct, 16:58

We are live: https://x.com/i/spaces/1mnGeAEQDaNGX
1,271

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