Mwango Capital @MwangoCapital
|❤️Financial Research & Analysis on East Africa Markets| |🗞️Newsletter: https://t.co/vXkqHKrslm| |💬WhatsApp: https://t.co/aiPsJmwtqB…| mwangocapital.substack.com Joined November 2020-
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Wakenya, 40+ Kenyans died from the floods in Mathare on Tuesday, & many more have no place to sleep. We have a tent where we are providing meals & kindly ask for support for them. To donate call: 0791334684. Or send to Paybill 4060187 & Account MSJC. shorturl.at/gxJM1
According to data by the World Bank Group [@WorldBank] and KNOMAD [@GlobalKNOMAD], in 2023, Nigeria was the largest recipient of diaspora remittances in Sub-Saharan Africa (SSA) at USD 20.5B, equivalent to 4.3% of GDP.
According to data by the World Bank Group [@WorldBank] and KNOMAD [@GlobalKNOMAD], in 2023, Nigeria was the largest recipient of diaspora remittances in Sub-Saharan Africa (SSA) at USD 20.5B, equivalent to 4.3% of GDP. https://t.co/XrFJaZCZSW
Are there any organizations that are mobilizing resources for people affected by floods in Kenya?
Nairobi:
Nairobi: "with its inadequate drainage [was] unsuitable for a large and growing population. [It is a] depression with a very thin layer of soil or rock. The soil was water-logged during the greater part of the year....when the rainy season commenced, the whole town is practically…
Nairobi: "with its inadequate drainage [was] unsuitable for a large and growing population. [It is a] depression with a very thin layer of soil or rock. The soil was water-logged during the greater part of the year....when the rainy season commenced, the whole town is practically… https://t.co/og3tV39gw6
Flooding in Nairobi is not new and neither is it unexpected. The city was built in a flood plain,and has terrible soils when it comes to water seepage. This has always been known as shown in these snippets from 1948. Nairobi needs serious drainage systems,something beyond normal.
Canadian Overseas Packaging Industries Limited is making a cash offer to acquire up to 100% of the issued ordinary shares in the share capital of East African Packaging Industries Limited: Letters of offer have been sent to shareholders.
The National Assembly of Kenya invites public insights on financial services by telecoms & BNPL models. The concerns include unlawful interest rates & exploitative lending. Make your contributions by 13th May to the Clerk of the National Assembly.
Someone suggested that the new tagline for JKIA should be "We help you travel by land, sea and air" 😅 All under one roof.
Someone suggested that the new tagline for JKIA should be "We help you travel by land, sea and air" 😅 All under one roof.
Markets this week: 🟢 Sanlam [@SanlamKenya]: +10.0% to KES 6.6 🔴 StanChart [@StanChartKE]: -11.9% to KES 172.0 🗒️ Notable point: — EABL[@EABL_PLC] paid out its interim dividend [KES 1.00] yesterday.
Markets this week: 🟢 Sanlam [@SanlamKenya]: +10.0% to KES 6.6 🔴 StanChart [@StanChartKE]: -11.9% to KES 172.0 🗒️ Notable point: — EABL[@EABL_PLC] paid out its interim dividend [KES 1.00] yesterday. https://t.co/TD9K8NFJso
What business does the son do? I see Outspan was being sold by Knight Frank for 550m in 2021. A mum's prayers opens doors
What business does the son do? I see Outspan was being sold by Knight Frank for 550m in 2021. A mum's prayers opens doors
African markets this week:
A little-known Dubai firm linked to Abu Dhabi royalty offered South Sudan a massive €12B loan in exchange for future oil. —Loan is nearly double South Sudan's GDP and 5x its current debt. —70% earmarked for infrastructure, but burdens oil revenue for years. Link:…
UAE has been a keen investor in Africa in the past 2 yearS:
The iconic Treetops and Outspan hotels are set to reopen in May under new management by Deputy President Rigathi Gachagua’s son after being closed for 3 years. Coffers aren't dilapidated here. More here: nation.africa/kenya/news/mau…
Moe @moneyacademyKE
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I recommend this book: ‘How Countries Compete’ - strategy, structure, and government in the global economy. By Richard H. K. Vietor Read it and let me know what you think.
Kindly take note of the below notices on waste management charges for marine vessels and parking fee collection for heavy and commercial vehicles in Mombasa County.
@MwangoCapital The Church should be at the forefront of helping flood victims: It collects offertory & 10% tithe from members (which is never audited!) Just saying....
Wakenya, 40+ Kenyans died from the floods in Mathare on Tuesday, & many more have no place to sleep. We have a tent where we are providing meals & kindly ask for support for them. To donate call: 0791334684. Or send to Paybill 4060187 & Account MSJC. shorturl.at/gxJM1
@MwangoCapital There is this one 👇 x.com/matharesjustic…
Wakenya, 40+ Kenyans died from the floods in Mathare on Tuesday, & many more have no place to sleep. We have a tent where we are providing meals & kindly ask for support for them. To donate call: 0791334684. Or send to Paybill 4060187 & Account MSJC. shorturl.at/gxJM1
@OchuodhoElly @MwanaWaGiningi @MwangoCapital A billionaire from what?What business does the former member of parliament engage in?Governance?
Leading causes of death in Kenya, 2018 -2021 1. Lower respiratory infections 6% 2. Cancer 5% 3. Hypertensive diseases 3.5% 4. HIV 3% 5. Birth asphyxia and trauma 2.6% 6. Anaemias 2.5% 7. Diabetes mellitus 2.4% 8. Road traffic accident 2.3% 9. Cerebrovascular diseases 1.3% 10.…
Several villages cut off after Icakimango River, draining into River Thiba burst its banks in Kirinyaga Central following heavy rainfall and severe flooding
MAKUENI DROWNING: Residents pull 9 bodies from Kwa Muswii River; deputy governor Lucy Mulili says 10 people are missing, including 2 children.
Hawa majirani wameboeka, mtu awatafutie kazi ya kufanya.
Flooding in Nairobi is not new and neither is it unexpected. The city was built in a flood plain,and has terrible soils when it comes to water seepage. This has always been known as shown in these snippets from 1948. Nairobi needs serious drainage systems,something beyond normal.
"T-Bill and chill" is the new buzzword in markets😅😎
A 10-year bond has been reopened at a coupon rate of 16%. At the same time, this week's Tbill auction show the 182-day & 364-day interest rates at 16.46% and 16.49% (both rates are higher than the 10yr bond). For how long will our yield curve stay inverted? Will it correct?
Search operation ongoing following the Mathare River floods in Nairobi County; one more body recovered this morning
Factssss
Someone suggested that the new tagline for JKIA should be "We help you travel by land, sea and air" 😅 All under one roof.
@MwangoCapital Apparently JKIA is under Kenya PORTS Authority
Nope.