
Mwango Capital
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|❤️Financial Research & Analysis on East African Markets| |🗞️Newsletter: https://t.co/vXkqHKrslm| | Instagram/: https://t.co/jLHxuIyENa
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President William Ruto: —East African Community partners are now discussing a joint regional refinery with Dangote in Tanga, Tanzania, to process crude from DRC, Kenya, South Sudan, and Uganda. —Plans include a short Tanga–Mombasa pipeline and use of existing shared infrastructure (Kenya Pipeline) to distribute refined products, improving asset utilisation across the region. —Kenya signals readiness to co-invest, targeting delivery of the refinery within 4–5 years if agreements are reached. —He says refining economics in Africa remains policy-driven; as Aliko Dangote noted to Olusegun Obasanjo, importing fuel can be more profitable than refining without the right incentives. [Video: Bloomberg]
Mwango Capital72,702 次观看 • 3 个月前

Treasury CS is materially understating the cost of the dividend monetisation by calling it 5.6%, when the correct annuity-based discount rate on the State’s foregone dividends is closer to 10.5%. Vodacom, by contrast, prices that same stream at a 16.5% IRR capped at 18%, which is the economic return the government is surrendering by taking KES 40.2B today instead of collecting Safaricom dividends over time.
Mwango Capital102,215 次观看 • 7 个月前

James Mwangi when asked about his retiring: "Nobody retires from entrepreneurship. Age doesn’t retire one from investing..My mother went on at 98 & she was still investing in her small-scale farm. So if I live for as long as my mother, kindly bear with me for the next 40 years"
Mwango Capital149,791 次观看 • 1 年前

President’s Council of Economic Advisors Chair David Ndii weighs in on whether the shilling is “too stable”. He says: —Debates on whether the shilling is “too stable” are misguided. —Exchange rates move due to fast financial factors and slow real-economy adjustments. —There’s no clear equilibrium level for the shilling. —Policymakers should act pragmatically, not mechanically follow IMF models.
Mwango Capital69,997 次观看 • 8 个月前

The Government is seeking to raise ~KES 106.3B through the sale of 11.8B Kenya Pipeline Company shares, representing a 65% stake, at an offer price of KES per share, implying a market capitalisation of ~KES 163.6B: —The offer is scheduled to run from 19 January to 19 February 2026, longer than previous IPOs, to allow broader retail participation, with a proposed NSE listing on 9 March 2026. —The transaction will be executed as Kenya’s first fully electronic IPO (e-IPO), with applications submitted digitally. —Share allocation has been structured across investor pools: 20% local retail, 20% local institutional, 20% regional (EAC), 20% international, 15% oil marketing companies, and 5% KPC employees. —The transaction is being executed by a consortium of advisers led by Faida Investment Bank (Lead Transaction Adviser), Dyer & Blair (Lead Sponsoring Broker), Francis Drummond & Co. (Co-Sponsor), PwC (Reporting Accountant), TripleOKLaw and G&A Advocates (Legal Advisers), with Image Registrars, Belva Digital, Apex Porter Novelli, and receiving banks Co-operative Bank, KCB, and Stanbic Bank.
Mwango Capital45,427 次观看 • 6 个月前