@AmbokoJH Julians Amboko

Julians Amboko posts on X about kenya, finance, debt, has been the most. They currently have [------] followers and [---] posts still getting attention that total [------] engagements in the last [--] hours.

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Social Influence

Social category influence finance 57.89% countries 46.78% currencies #4529 social networks 4.68% technology brands 4.68% travel destinations 4.68% stocks 0.58%

Social topic influence kenya #887, finance #760, debt 7.6%, has been 7.6%, bank of 5.85%, in the 4.68%, investment 4.09%, bank #1699, nairobi 3.51%, acquisition 2.92%

Top accounts mentioned or mentioned by @ntvkenyas @bdafrica @ntvkenya @waruhiufranklin @kenyapipeline @kcbinkenya @wehliyemohamed @absakenyas @mativomjohn @xysist @theholypropane @sheikhzaki7 @miminiyusufu @edinbux10 @kipromw @belgradkenn @investwithsib @belgradkenne @web3flux @strathu

Top Social Posts

Top posts by engagements in the last [--] hours

"The government of Kenya now says it is targeting the country's debut commercial oil by December [----] & full ramp-up by [----] following approval of the South Lokichar Basin Field Development Plan. The Ministry of Energy has granted Gulf Energy E&P BV the green light to proceed with development of Block T6 & Block T7 coming just two months after Tullow Oil plc announced completing the sale of its entire working interest to Gulf Energy's affiliate Auron Energy E&P Ltd. Disclosures by the Ministry of Energy show that the total investment needed to fully develop the six discoveries is approximately"
X Link 2025-11-24T11:04Z 78.9K followers, 20.9K engagements

"The Production Sharing Contract between the Government of Kenya & Gulf Energy E&P B.V. relating to Block T7. See quoted tweet for context. The government of Kenya now says it is targeting the country's debut commercial oil by December [----] & full ramp-up by [----] following approval of the South Lokichar Basin Field Development Plan. The Ministry of Energy has granted Gulf Energy E&P BV the green light to proceed https://t.co/XeYz1mwmjf The government of Kenya now says it is targeting the country's debut commercial oil by December [----] & full ramp-up by [----] following approval of the South"
X Link 2025-12-01T08:34Z 78.9K followers, 14.7K engagements

"This reminds me of that time your parent would ask you to bring a cane to be used in disciplining your sibling only for you to be caned as well😂 The Airtel team didn't see this missile one coming. Airtel Kenya says it is not opposed to GOK's partial divestiture from Safaricom Plc. The say shareholding may not have any bearing on the competitive landscape. However it raises concerns about the market & the case for a level playing field for all competitors. They raise https://t.co/3T7qnTFyZV Airtel Kenya says it is not opposed to GOK's partial divestiture from Safaricom Plc. The say"
X Link 2026-01-15T10:39Z 78.9K followers, 74K engagements

"Every time I watch the final of a major tournament (AfCON FIFA World Cup Rugby World Cup) I finish & just wonder how loyal sports fans manage this tension every other week. I hop onto the tournament at the advanced stages & by finals I am so invested. Thank you Senegal I think I would have been a total mess today. https://twitter.com/i/web/status/2013131829314822390 https://twitter.com/i/web/status/2013131829314822390"
X Link 2026-01-19T06:10Z 79K followers, 17.9K engagements

"Kenya's Draft Medium-term Debt Management Strategy 2026/272028/29 is out Key things to note: My highlight in this year's edition is a proposal to develop a Government Securities Issuance policy to guide issuance & trading of government securities to "reflect market evolution over time". This is interesting especially when one considers that in the last Strategy (quoted 🧵has details) there was a proposal to empower the Public Debt Management Office to serve as the Principal in issuance of government securities & essentially wrest that mandate from the Central Bank. Is this the same fight by"
X Link 2026-01-23T11:24Z 79K followers, 20.5K engagements

"NCBA Investment Bank places Kenya Pipeline's fair value at Kes 6.35/share 29.4% downside vis-a-vis the Kes 9.0/share IPO price. I am also one of those who have taken issue with the valuation of the company. Tonight on @ntvkenya's #BusinessRedefined starting 8:30pm I sit down with the Lead Transaction Advisor @belgrad_kenn on this subject of the much contested valuation (see quoted tweet). Little has shaped conversation around the government's divestiture of a 65.0% stake in Kenya Pipeline Co. (@kenyapipeline) through a Kes [-----] billion IPO more than the question of the company's valuation."
X Link 2026-01-28T08:41Z 79K followers, 18.4K engagements

"There's finally an analyst/firm whose valuation of Kenya Pipeline aligns with the Kes 9.0/share tabled by the Lead Transaction Advisor. Standard Investment Bank's (@investwithSIB) analysis finds that the offer price of Kes [---] has fully priced in the fair value of Kenya Pipeline SIB places Kenya Pipeline at a blended fair value estimate of Kes 8.23/share with a valuation range of Kes [----] Kes [-----] From a P/E P/B & EV/EBITDA perspectives Standard Investment Bank finds that the implied fair value of Kenya Pipeline stands at Kes [----] Kes [-----] & KES [----] respectively From a dividend point of"
X Link 2026-01-30T09:35Z 79K followers, 14.2K engagements

"@Web3flux I asked the Kenya Revenue Authority's Chief Manager in charge of eTIMS the very question you are raising. Listen in for her response"
X Link 2026-02-01T06:07Z 79K followers, 123.9K engagements

"EABL Plc posted a stellar 37.7% y/y growth in net earnings to Kes to KES [----] billion in HY2026 as net revenues shot 11.1% y/y to Kes [----] billion outpacing direct costs which increased 8.5% y/y to Kes [----] billion. The listed brewer has bumped up its interim dividend 60.0% y/y to Kes 4.0/share. I sat down with the outgoing CFO Risper Genga Ohaga to whip through the HY2026 earnings an exit interview & reflect on the US$2.4 billion buy out of Diageo Holdings Netherlands B.V's interest by Japan's Asahi Group. A 🧵 https://twitter.com/i/web/status/2018033970626367504"
X Link 2026-02-01T18:49Z 78.9K followers, [----] engagements

"I told Risper that looking back our conversations on #CFOChat can be categorised into 3: The Income Statement Conversations (2020 - 2021): Characterised by a heavy drag on the revenue The Balance Sheet Conversations (2022 - early 2024): Characterised by ramp up of debt & heavy finance costs Pursuit for optimised triangulation (mid [----] - HY2026): Revenue on the upswing debt unwind & cash rich position Does she feel she leaves the ship at a steady place https://twitter.com/i/web/status/2018033974858166630 https://twitter.com/i/web/status/2018033974858166630"
X Link 2026-02-01T18:49Z 78.9K followers, [----] engagements

"What does Risper consider to be her key accomplishments in her [--] years as EABL Plc She says: Going to market with the [--] MTNs is a notable score on her part especially when she considers what this has meant for capital markets deepening Policy reform & especially the repeal of Sec36 of the Excise Duty Act https://twitter.com/i/web/status/2018033978012217729 https://twitter.com/i/web/status/2018033978012217729"
X Link 2026-02-01T18:49Z 79K followers, [----] engagements

"Given the close proximity between the announcement of the US$2.4 billion Asahi buyout & her resignation (just about [--] weeks apart) two questions: Did her resignation have anything to do with the buyout of Diageo's entire interest by Japanese conglomerate Asahi Group Was this a case of divergence in strategic outlook (given her role as Head of Strategy) https://twitter.com/i/web/status/2018033981305049373 https://twitter.com/i/web/status/2018033981305049373"
X Link 2026-02-01T18:49Z 79K followers, [---] engagements

"We haven't seen such as strong bump up in EABL Plc's dividend since the 2021/22 resumption following the COVID19 capital preservation freeze. I asked Risper [--] questions: Is the steep increase a function of Diageo front-loading its dividend to the interim ahead of consummating the exit Is it a function of the aggressive debt unwind that we have seen having freed up enough capital to allow a reward to shareholders She says: It's a reflection of the balance sheet strength given the accelerated debt payoff that has characterised the company's posture over the last two years It's about re-tracing"
X Link 2026-02-01T18:49Z 79K followers, [---] engagements

"Speaking in Kiambu National Polytechnic on Budget & Privatisation National Treasury CS John Mbadi has termed Kes 30000/month as "survival salary" that government has "no business taxing". I hope this means Finance Bill [----] includes a proposal to revise the tax free income threshold (post-personal relief) from kes [-----] to Kes [-----]. It would be a much needed breather for Kenyans. Last year my colleagues & I from the Tax Research Centre at @StrathU made this proposal to the National Assembly Finance & Planning Committee it didn't sail through (see quoted tweet). [--] things from my submission"
X Link 2026-02-02T05:55Z 78.9K followers, 80.9K engagements

"Kenya Power & Lighting reports Kes [----] billion net profit for the [--] months ended December [----] up 5.05% y/y. Interim dividend set at Kes 0.30/share up from Kes 0.20/share a year earlier. The utility managed to trim its negative working capital position further to Kes [-----] billion. https://twitter.com/i/web/status/2018314304424939709 https://twitter.com/i/web/status/2018314304424939709"
X Link 2026-02-02T13:23Z 78.9K followers, 12.1K engagements

"UPDATE: Kenya's Tax Laws (Amendment) Bill [----] The National Treasury says: We should expect to see a Tax Laws (Amendment) Bill [----] tabled in the National Assembly this month (February 2026) The Tax Laws (Amendment) Bill [----] will propose to have 0.0% PAYE rate at Kes [-----] The next Kes [-----] will be taxed at a rate of 25.0% Welcome proposals we wait to see the Bill itself for certainly. That said some questions: Should we take it as a given that the Tax Laws (Amendment) Bill [----] will be repealing the Kes [----] personal relief now that the base PAYE rate is being set at 0.0% Why have the Tax"
X Link 2026-02-02T14:18Z 78.9K followers, 63.8K engagements

"The Group Chief Executive Officer & Executive Director of Absa Group & Absa Bank Kenny Fihla is in town. Kenny Fihla is on a three-day working visit to Kenya & says "this market is very attractive". One of the questions he has challenged Absa staff to ask is whether the bank is "aligned with where the opportunities are" in this market. Just last week Standard Group's CEO Sim Tshabalala was in town (see quoted tweet). Standard Bank's CEO Sim Tshabalala is in Nairobi . The lender is Africa's largest by asset base (US$192.0 billion) & was "rumoured" to have been in pursuit of NCBA Group for"
X Link 2026-02-03T09:23Z 78.9K followers, 51.7K engagements

"Withholding Tax certificates are really on the radar in the [----] Income Tax filing process. Many have received such a message"
X Link 2026-02-04T12:08Z 78.9K followers, 124.9K engagements

"The Kenya Bankers Association has a statement out following the indication of changes expected in the Tax Laws (Amendment) Bill [----]. [--]. The Association welcomes the zero-rating of PAYE for Kes 30000/month [--]. The Association calls for a further 5.0% reduction across all PAYE bands [--]. The Association wants the top two PAYE rates (32.5% & 35.0%) done away with Last year the Association had submitted a proposed PAYE bands matrix (frame 2) UPDATE: Kenya's Tax Laws (Amendment) Bill [----] The National Treasury says: We should expect to see a Tax Laws (Amendment) Bill [----] tabled in the National"
X Link 2026-02-04T14:05Z 78.9K followers, 33.8K engagements

"Absa Bank is eyeing an acquisition as it looks to cement its retail market presence in the Kenyan market. I sat down with the Group CEO Kenny Fihla & bring you the full detail in your copy of @BD_Africa on Feb 5th Link to full story - https://www.businessdailyafrica.com/bd/corporate/companies/absa-eyes-kenya-buyout-in-race-for-retail-market-5348724 The Group Chief Executive Officer & Executive Director of Absa Group & Absa Bank Kenny Fihla is in town. Kenny Fihla is on a three-day working visit to Kenya & says "this market is very attractive". One of the questions he has challenged Absa staff"
X Link 2026-02-04T18:50Z 78.9K followers, 18.6K engagements

"The board of Standard Group has announced suspension of the previously announced intention for a cash call via rights issue (see quoted tweet). The board indicates that this is not a cancellation but a suspension necessitated by the need to "safeguard shareholder value" & align "future capital raising with the best interest of the company". The suspension "is intended to allow the Company additional time to reassess the structure timing & viability of the proposed transaction". When Standard Group announced this intention in June [----] I questioned the timing considering the prevailing macros"
X Link 2026-02-05T06:01Z 79K followers, [----] engagements

"Public Debt Director General tells @KephaMuiruri on @BD_Africa that the re-denomination of the US$6.0 billion SGR facility from US$ to CNY should translate to US$215.0 Million worth of debt service saving annually"
X Link 2026-02-05T19:27Z 79K followers, [----] engagements

"NEMA is inviting comments on the proposed twin tower by the National Social Security Fund to be constructed at the junction of Kenyatta Avenue & Uhuru Highway"
X Link 2026-02-07T06:23Z 78.9K followers, [----] engagements

"The National Assembly Finance & Planning Committee has closed week [--] of public participation on GOK's partial divestiture from Safaricom Plc covering [--] counties. Two recurrently emerging issues at the counties that I found interesting: [--]. Some Kenyans are asking why the proceeds from the divestiture shouldn't be distributed across all [--] counties as opposed to being ring-fenced for infrastructure projects that are deemed to be Nairobi-centric in nature. They are asking why can't the proceeds be distributed in line with the Equitable Share Allocation formula so that all feel the impact 2."
X Link 2026-02-07T14:19Z 79K followers, [----] engagements

"UPDATE: Nedbank's US$855.82 Million bid for a 66.0% stake in NCBA Group. See quoted 🧵 for context South Africa's Nedbank (@Nedbank) has placed a Kes [------] billion (US$855.82 million) bid to acquire a 66.0% stake in Kenya's NCBA Group (@NCBABankKenya) a 1.4x price-to-book multiple. The deal is expected to be consummated some time in Q3/2026. I sat down with the Managing https://t.co/3p28uRosv1 South Africa's Nedbank (@Nedbank) has placed a Kes [------] billion (US$855.82 million) bid to acquire a 66.0% stake in Kenya's NCBA Group (@NCBABankKenya) a 1.4x price-to-book multiple. The deal is"
X Link 2026-02-08T19:55Z 79K followers, 10.7K engagements

"There's a joint World Bank International Monetary Fund & MEFMI (Macroeconomic & Financial Management Institute of Eastern & Southern Africa) Public Debt Management Reform Plan Mission happening in Nairobi. Kenya continues to advance public debt management reforms aimed at strengthening institutional frameworks enhancing transparency and reporting refining debt management strategies and reinforcing legal and risk management systems in line with international best practice. https://t.co/ZDWtyL8dhT Kenya continues to advance public debt management reforms aimed at strengthening institutional"
X Link 2026-02-09T14:04Z 79K followers, [----] engagements

"President William Ruto is asking Nairobi Securities Exchange (@NSE_PLC) & Capital Markets Authority (@CMAKenya) to work on reducing transaction fees to lower barriers to access capital markets"
X Link 2026-02-10T06:52Z 79K followers, 11.4K engagements

"8 months after the National Treasury hinted at a clean-up of the Public Sector payroll (see quoted tweet) the Cabinet Despatch for February 10th indicates [---] system editors altered more than [---] million payroll records without audit trails. The Cabinet also indicates that [---] State Corporations have failed to migrate to the Human Resource Information System Kenya (HRIS-K). A whole [---] The Cabinet now says it has sanctioned full integration of a statutory deductions platform. Is Kenya finally implementing the elusive IMF backed Unified Payroll System Public sector payroll clean up seems to be"
X Link 2026-02-10T13:40Z 79K followers, 35.2K engagements

"We haven't seen the Final Budget Policy Statement [----] but today's Cabinet Despatch gives us a hint on what we can expect. The 2026/27 budget size is being bumped up. The budget is now being set at Kes [---] trillion earlier print was Kes [-----] trillion The 2026/27 revenue target is now printed at Kes [----] trillion earlier print was Kes [-----] trillion Deficit is widening further than was earlier projected. Earlier print was Kes [----] trillion (4.9% of GDP) currently should playing around Kes [----] trillion (5.6% of GDP) I am surprised by the expenditure & revenue adjustments. The higher revenue"
X Link 2026-02-10T14:02Z 79K followers, 17.2K engagements

"10 consecutive cuts later how is Kenya's output gap evolving & is it still deep in the red That was my question to Governor Dr. Kamau Thugge during today's Monetary Policy Committee briefing following yesterday's 'hat trick' cut (see quoted tweet). The Governor makes a few important points: It's not in deep negative territory but there's still some output gap CBK is therefore confident that it still has scope to lower the policy rate even further without triggering inflationary pressures CBK sees the current state as being "far away" from the potential growth of the economy CBK says it is"
X Link 2026-02-11T11:00Z 79K followers, [----] engagements

"Tonight on @ntvkenya starting 7:30pm I engage @KenGenKenya's General Manager Finance David Mwangi on #CFOChat regarding the generator's HY2026 earnings. We'll be whipping through the mixed earnings characterised by a 20.02% dip in net earnings to Kes [---] billion while the revenue grew 9.4% to Kes [----] billion. See you then https://twitter.com/i/web/status/2021561547890311511 https://twitter.com/i/web/status/2021561547890311511"
X Link 2026-02-11T12:26Z 79K followers, [----] engagements

"GOK went to market scouting for Kes [----] billion via the reopening of FXD3/2019/15 (12.34%) & FXD1/2018/25 (13.4%) investors dished a staggering Kes [------] billion 427.47% GOK rejected Kes [-----] billion but accepted Kes [------] billion which is double what it sought in the first place. It's a tale of two cities: [--]. GOK is pressed for cashflows (gobbled up double its ask) but is signaling it can still exercise discretion on price (rejected a tidy Kes [-----] billion) [--]. The market is saying there's ample liquidity out here scouting for investible avenues. The time/horizon vs coupon trade off is"
X Link 2026-02-11T16:31Z 79K followers, 10.5K engagements

"The Majority Leader is expected to table the National Infrastructure Fund Bill [----] before the National Assembly this afternoon. It's a clear U-turn by the government because when I asked the National Treasury CS on Dec 15th [----] why we hadn't seen a Bill for the Fund despite having seen one for the planned Sovereign Wealth Fund he said the government was exploring ways of setting up the Fund without having to go through a Bill (see quoted tweet). Looking forward to combing through that Bill. Ahead of Kenya's Cabinet considering & approving the Sovereign Wealth & Infrastructure Funds today we"
X Link 2026-02-12T05:00Z 79K followers, 28.5K engagements

"The National Assembly's Finance & Planning Committee has recommended the approval of Naphtaly Kipchirchir Rono as Director General Financial Reporting Centre. See quoted tweet for Rono's priority focus in getting Kenya out of the grey list. The nominee for Director General in Kenya's Financial Reporting Centre Naftaly Rono has laid out his roadmap for getting the country out of FATF's grey list. It's a 3-pronged approach: Within [---] days he plans to address at least [--] out of the remaining [--] action points https://t.co/qYwnihUYnf The nominee for Director General in Kenya's Financial Reporting"
X Link 2026-02-12T06:59Z 79K followers, [----] engagements

"We spoke about the business case behind Ziidi: Ziidi Trader effectively means that Safaricom Plc has ventured into the low margins & high velocity micro-investments market segment. How does the business ensure it balances the low-margin nature of micro-investing against the opex of maintaining a high-frequency trading interface Esther says: It is not a proposition that is designed to rake in tidy profits for the business Ziidi is an ecosystem play more than a stand alone business case consideration"
X Link 2026-02-12T10:09Z 79K followers, [----] engagements

"What sort of traction was witnessed in the early days of piloting Ziidi Is the platform ready to enable participation in the Kenya Pipeline starting Esther says: Ziidi Trader accounted for 55.0% of volumes & 2.0% of transaction value during its piloting phase The platform is ready for being used for participating in the Kenya Pipeline IPO which targets a record [---] Million retail investors https://twitter.com/i/web/status/2021889352725328143 https://twitter.com/i/web/status/2021889352725328143"
X Link 2026-02-12T10:09Z 79K followers, [----] engagements

"Safaricom Money Transfer Services Ltd plays a huge role in Kenya's diaspora remittance flows. Does the telco see a low hanging opportunity here with Ziidi Trader Esther says: There's a huge opportunity given how much Kenyans in the diaspora have been using proxies to invest at the Nairobi Securities Exchange She says Safaricom Money Transfer Services Ltd accounts for 80.0% of remittance flows into Kenya. For context [----] total diaspora remittance inflow stood at US$5.04 billion ( Kes [-----] billion) https://twitter.com/i/web/status/2021889355288064019"
X Link 2026-02-12T10:09Z 79K followers, [---] engagements

"Will the Ziidi Trader platform be harnessing Safaricom Plc's vast data war-chest to curate client specific advisory Esther says: That's the plan. Because Safaricom Plc has tonnes of data on consumer habits & spending & investment patterns part of the Ziidi Trader proposition is that it can speak to individual peculiarities & preferences in matching the market opportunity with the client"
X Link 2026-02-12T10:09Z 79K followers, [---] engagements

"From launching Bonga Points for Shares in [----] through the Ziidi MMF in early 2025: How does Ziidi Trader fit within this arch of evolution in Safaricom Plc's integration into Kenya's capital markets How does one get started with Ziidi Trader"
X Link 2026-02-12T10:09Z 79K followers, [---] engagements

"The National Assembly has resumed with a full in-tray. Budget Policy Statement [----] has been tabled Medium-term Debt Strategy has been tabled Both documents have to be considered & accompanying reports generated with [--] days (starting yesterday) The partial divestiture of GOK from Safaricom Plc is coming before the House county focused public participation concludes this week The Majority Leader is expected to table the National Infrastructure Fund Bill [----] before the National Assembly this afternoon. It's a clear U-turn by the government because when I asked the National Treasury CS on Dec"
X Link 2026-02-12T15:02Z 79K followers, [----] engagements

"Loan re-pricing following the 10th consecutive cut by the Central Bank of Kenya The Central Bank of Kenya has started [----] with a 'hat trick' cut: It's the 10th straight cut of the Benchmark Rate. It's now down another 25.0bps to 8.75% the lowest the benchmark has been since January [----] the lowest in [--] years & [--] month The Interest Rate Corridor has https://t.co/4AodAYcCSl The Central Bank of Kenya has started [----] with a 'hat trick' cut: It's the 10th straight cut of the Benchmark Rate. It's now down another 25.0bps to 8.75% the lowest the benchmark has been since January [----] the lowest in"
X Link 2026-02-12T21:13Z 79K followers, [----] engagements

"It is in line with Sec9A(1) of the Banking Act which provides that "An institution shall ensure that no person is appointed or elected as a director or appointed as a senior officer UNLESS the Central Bank HAS CERTIFIED the person as a fit and proper person to manage or control the institution" https://twitter.com/i/web/status/2022184757505704260 https://twitter.com/i/web/status/2022184757505704260"
X Link 2026-02-13T05:43Z 79K followers, [--] engagements

"A snippet from my exit interview & #CFOChat with EABL Plc's outgoing CFO & Head of Strategy Risper Genga Ohaga. Given the close proximity: Did her resignation have anything to do with the buyout of Diageo's entire interest by Japanese conglomerate Asahi Group Was this a case of divergence in strategic outlook (given her role as Head of Strategy) Risper Genga Ohaga has resigned from the position of CFO & Executive Director at EABL Plc a position she's held for [--] years. She will be exiting at the end of June [----]. One cannot fail to observe that the transition comes about a month after Asahi"
X Link 2026-01-30T13:30Z 79K followers, 26.8K engagements

"Kenya's Central Bank Governor Dr Kamau Thugge has said quite a bit on the Shilling today. Here's the break down: For several years the economy has had an overvalued exchange rate [--] or [--] years ago the Brettonwoods argued the Kes was overvalued by anything between 20.0% & [--.%] (IMF actually put it at 17.5% in its [----] Article IV Report) Kenya tried to maintain a fairly artificially strong exchange rate at the cost of loss of its FX reserves he cites the dip in reserves from [---] to [---] months of cover The Kes overvaluation became obvious in [----] when major Central Banks began tightening On"
X Link 2023-10-24T13:24Z 79K followers, 395.8K engagements

"Saccos Dividends [----] [--]. Harambee Sacco: 8.0% deposits 10.0% share capital [--]. Tower Sacco: 13.0% deposits 20.0% share capital [--]. Nation Sacco: 9.5% deposits 18.0% share capital [--]. Safaricom Sacco: 9.0% deposits 14.0% share capital + Kes 5.2M honorarium (0.8% of surplus)"
X Link 2023-02-12T05:53Z 79K followers, 334.2K engagements

"Finally Starting next month the process of onboarding for a CDS/Portfolio Account for T-bills & T-bonds investment will be done without having to physically present oneself at CBK (& we haven't even mentioned the trip to your bank thereafter). This is long overdue"
X Link 2023-02-22T12:36Z 79K followers, 284.2K engagements

"The government-to-government oil import deal. A 🧵 explainer First some background. Kenya's trade balance (difference between exports & imports) has been widening. In [----] monthly average was a $984.3M deficit. In [----] it was a $1.07B deficit. In [----] the deficit was $1.19B"
X Link 2023-03-13T18:37Z 79K followers, 422.4K engagements

"Finance Bill [----] is out Here are [--] things I think you need to know. A 🧵 [--]. If you earn Kes 500k+/month Treasury is proposing that your PAYE be graduated to 35.0%. This is a proposal to amend the 3rd schedule of the Income Tax Act"
X Link 2023-05-04T10:16Z 79K followers, 558.4K engagements

"Finance & Planning Committee has finally tabled the much awaited report on Finance Bill [----] with a raft of proposed changes. Here's a 🧵 on some of the key changes that have been proposed & some key questions I think emerge around Treasury's position on taxation in Kenya"
X Link 2023-06-13T19:37Z 79K followers, 534.1K engagements

"Folks President William Ruto signed into law the Affordable Housing Bill [----] this morning. Effectively we now have the Affordable Housing Act [----] in place. I finally got my hands on the vellum. Here's what I think you need to know. A 🧵"
X Link 2024-03-19T14:05Z 79K followers, 480.3K engagements

"Folks The National Assembly Finance & Planning Committee's report on Finance Bill [----] is finally out The report is quite loaded with wins gains & quite a number of unclear areas where the Committee seemed to be giving mixed signals as to what its recommendation is. Here's a 🧵on what I think we all need to take note of"
X Link 2024-06-18T19:19Z 79K followers, 1M engagements

"UPDATE: Kenya's Supplementary Budget I 2024/25 is here National Assembly Speaker Moses Wetangula indicates that the National Treasury has submitted Supplementary Appropriations I 2024/25 & Programme Based Budget for consideration by the House The same has been transmitted to the National Assembly's Budget & Appropriations Committee for consideration The Budget & Appropriations Committee will conduct public participation on the same & report back to the House by July 24th [----] From a timelines perspective that will be one very tight public participation window UPDATE: Kenya's Public Finance"
X Link 2024-07-13T10:35Z 79K followers, 264.7K engagements

"Court of Appeal Judges Kathurima M'Inoti Agnes Kalekye Murgo & John Mativo have ruled that Finance Act [----] fundamentally flawed and therefore void & consequently unconstitutional. [--] key things: With Finance Act [----] rendered unconstitutional null & void we revert to tax laws as last amended by Finance Act [----] I think this judgement is extremely consequential in determining how we conduct public participation on bills going forward Here's what I think you need to know. A 🧵"
X Link 2024-07-31T15:24Z 79K followers, 890.2K engagements

"As Haiti's Prime Minister Garry Conille & Kenya's President William Ruto held a briefing in Nairobi decrying financial constraints being faced by the Multinational Security Support I caught up with Dr Jemima Pierre @grosmorne29 a Haitian for her perspective on the Kenya led mission"
X Link 2024-10-11T20:35Z 79K followers, 153.5K engagements

"Four important bills have been made public: Business Laws (Amendment) Bill [----] Tax Laws (Amendment) Bill [----] Tax Procedures (Amendment)(No.2) Bill [----] Public Finance Management (Amendment)(No.4) Bill [----] A 🧵"
X Link 2024-11-04T22:38Z 79K followers, 199.9K engagements

"Folks The National Assembly Finance & Planning Committee report on the Tax Laws (Amendment) Bill [----] is out There are some notable adjustments being made by the Committee worth highlighting. Here's a 🧵"
X Link 2024-12-04T08:56Z 79K followers, 194.4K engagements

"The @WorldBankKenya has published the latest edition of Public Finance Review for Kenya & I think it makes for an important read especially coming right in the middle of conversations on Finance Bill [----] & Budget Estimates 2025/26. My key take aways. A 🧵"
X Link 2025-05-27T08:19Z 79K followers, 98.8K engagements

"The National Treasury Cabinet Secretary has presented the highlights of Kenya's Budget 2025/26 before the National Assembly. Just like Finance Bill '25 I found it to be lean on scope but relatively heavy on technicality unlike what we are used to. So what stood out for me A 🧵"
X Link 2025-06-12T19:21Z 79K followers, 154.3K engagements

"The Auditor General's Special Report on Government Digital Payments Platform (eCitizen) is out Some heavy revelations here including the unearthing of diversion of funds from the mandatory [------] Paybill for payment of government services to private accounts & the irregular collection of Convenience Fees totalling Kes [-----] billion A 🧵"
X Link 2025-08-05T09:43Z 79K followers, 234.1K engagements

"In what circumstances can KRA deem all deposits into your bank account as income & therefore taxable The judgement on appeal E1116/2024 (Kirin Pipes Limited vs KRA Commissioner Intelligence Strategic Operations Investigations & Enforcement) before the Tax Appeals Tribunal is one I think every Kenyan needs to read. The Big Issue: The issue at hand is a crucial one - In what instances can KRA deem all deposits into a bank account as income & therefore taxable The Contention: KRA conducted an investigation into Kirin Pipes Limited's tax affairs for the period [----] - [----] & issued assessments for"
X Link 2025-09-06T22:17Z 79K followers, 333.2K engagements

"Major changes are coming as far as tax administration is concerned: The government is working on & plans to roll out a Machine Learning model that will have tax collection & assessments handled principally by AI Dr. Ndii says this model will be based on the experience acquired in income determination following the overhaul of NHIF & rollout of SHA as well as the model that underlies Credit Scoring under the Hustler Fund"
X Link 2025-10-31T14:14Z 79K followers, 171.9K engagements

"Very important update from the Kenya Revenue Authority. The Authority says that effective Jan 1st [----] it will be validating income & expenses declared in both individual & non-individual returns. What does this mean [--]. Do you have an eTIMS invoice backing all the relevant expenses you intend to claim as you file for [----] If you don't it is in your best interest to start getting this in order at the earliest [--]. Does the income you declare & tax you pay align with the Withholding Tax certificates captured in your iTax ledger Keep in mind the 5.0% Withholding Tax is not a final tax many of us"
X Link 2025-11-07T15:36Z 79K followers, 347.3K engagements

"The Central Bank of Kenya has started [----] with a 'hat trick' cut: It's the 10th straight cut of the Benchmark Rate. It's now down another 25.0bps to 8.75% the lowest the benchmark has been since January [----] the lowest in [--] years & [--] month The Interest Rate Corridor has been trimmed from 75.0bps to 50.0bps The Discount window upper bound has also be trimmed from 75.0bps to 50.0bps Musings The last time CBK executed a 'hat trick' cut was in the April [----] cycle. CBR went down [----] bps to 10.0%; Interest Rate Corridor around the CBR went down from +/- [---] bps to +/- [----] bps & the interest"
X Link 2026-02-10T14:36Z 79K followers, 27.4K engagements

"UPDATE: Kenya's Final Budget Policy Statement [----] Two days after the Cabinet Despatch teased out the Final Budget Policy Statement [----] it is finally out having been tabled in the National Assembly yesterday. What are we seeing here The size of the 2026/27 Budget is indeed being bumped up per the Cabinet Despatch. It is now set at Kes [------] billion Kes [----] billion higher than had been projected earlier. The story is in how the + Kes [----] billion is being arrived at: [--]. Recurrent spending is now set at Kes [------] billion an increase of Kes [----] billion [--]. Development spending is now set at"
X Link 2026-02-12T08:16Z 79K followers, [----] engagements

"I sat down with @SafaricomPLC Chief Financial Services Officer Esther Masese Waititu to discuss the latest craze in Kenya's capital markets scene - Ziidi Trader. A 🧵 I have been around Kenya's capital markets long enough to remember the era where the settlement time was T+4 & the celebration we had when in July [----] the market migrated to T+3. I am intrigued by Ziidi Trader's real time settlement & was curious to find out if a funding/liquidity arrangement was part of the underlying architecture. Esther says: Yes indeed there is a liquidity arrangement with a Tier I bank to enable the real"
X Link 2026-02-12T10:09Z 79K followers, 18.9K engagements

"Kenya's much awaited National Infrastructure Fund Bill No.1 of [----] is finally before the National Assembly. First reading during today's session. The Majority Leader is expected to table the National Infrastructure Fund Bill [----] before the National Assembly this afternoon. It's a clear U-turn by the government because when I asked the National Treasury CS on Dec 15th [----] why we hadn't seen a Bill for the Fund despite https://t.co/Np07EvUnq9 The Majority Leader is expected to table the National Infrastructure Fund Bill [----] before the National Assembly this afternoon. It's a clear U-turn by"
X Link 2026-02-12T15:05Z 79K followers, 17.8K engagements

"Next on @ntvkenya's #BusinessRedefined a look at trade & logistics through the multimodal trade route linking the landlocked countries of the Great Lakes Region - the Northern Corridor. On the discussion: Policy harmonisation gaps across member states & other non-tariff barriers to optimal trade flows The cost of transport & its implications for intra-continental trade The Northern Corridor within the context of the Africa Continental Free Trade Area Ports infrastructure surging demand & the opportunity for scaling throughput into the region We will be speaking to the Northern Corridor"
X Link 2026-02-13T05:54Z 79K followers, [----] engagements

"The National Infrastructure Fund Management Bill No.1 [----] is out Link to Bill available here - https://www.parliament.go.ke/sites/default/files/2026-02/THE%20NATIONAL%20INFRASTRUCTURE%20FUND%20BILL%2C2025.pdf Kenya's much awaited National Infrastructure Fund Bill No.1 of [----] is finally before the National Assembly. First reading during today's session. https://t.co/2CpgDqQ5Ua https://www.parliament.go.ke/sites/default/files/2026-02/THE%20NATIONAL%20INFRASTRUCTURE%20FUND%20BILL%2C2025.pdf Kenya's much awaited National Infrastructure Fund Bill No.1 of [----] is finally before the National"
X Link 2026-02-13T13:12Z 79K followers, 11.6K engagements

"Kenya Fiscal Update - Jan [----] Revenue side: Tax collected: Kes [------] billion up 2.95% y/y Non tax revenue: Kes [----] billion Domestic borrowing: Kes [-----] billion External loans & grants: Kes [----] billion Expenditure side: Recurrent: Kes [-----] billion Development: Kes [-----] billion Equitable Share: Kes [----] billion Public debt service: Kes [------] billion Non-public debt CFS spend: Kes [-----] billion"
X Link 2026-02-14T04:41Z 79K followers, 19.8K engagements

"Parliament is now caught in a race to ensure the National Infrastructure Bill No.1 of [----] goes through the legislative motions & is passed into law before the planned partial divestiture from Safaricom Plc is concluded. The National Assembly's Finance & Planning Committee has concluded public participation on the government's planned partial divestiture from Safaricom Plc. The Committee now embarks on generating the report that will be tabled before the National Assembly. The Chairperson says Kenyans made [-----] submissions virtually on the transaction We have successfully concluded the"
X Link 2026-02-16T08:51Z 79K followers, [----] engagements

"@RKDAVID1 @IEAKwame @Kipngetichjk The de-merger would happen faster than we think. In my view there are a number of reasons why this is far from a good proposition but one outright hurdle is that culturally the two entities are starkly different"
X Link 2025-08-14T05:17Z 75.8K followers, [---] engagements

"@drizzie @NSE_Investors @mytradesignals @coldtusker @watesh @nyagandmarkets @TheAbojani @georrgemoorgan @moneyacademyKE @KCBInKenya @oloojl Few listed entities have been as consistent as KCB in dividends payment even during COVID19"
X Link 2025-08-14T16:04Z 76.4K followers, [----] engagements

"Kenya kicks off 2025/26 with a 7.53% y/y increase in tax revenue collected. July [----] tax revenue collection stood at Kes [------] billion. Last year at this time the collection (with no new tax measures given Finance Bill [----] had been rescinded) was up 2.87% Kenya's 2024/25 tax revenue collections off to a start of measly growth as July [----] collection stands at Kes [------] billion up 2.87% y/y. For context July [----] collection at the start of 2023/24 was up 18.73% y/y. Other key fiscal updates for July 2024: Consolidated https://t.co/IjhxVQs8zn Kenya's 2024/25 tax revenue collections off to a"
X Link 2025-08-16T07:00Z 75.8K followers, 13.3K engagements

"Kenya's revenue mobilisation for 2025/26 is off to an interesting start: July [----] tax revenue is up 7.53% y/y at Kes [------] billion. It's a stark departure from the 2.87% y/y growth reported in July [----] (Kes [------] billion) following the rescinding of Finance Bill [----] The momentum in tax revenue mobilisation notwithstanding non-tax revenue is off to a pretty slow start at just Kes [------] million (Kes [-----] billion in July 2024) The government's front-loading of domestic borrowing is showing up in the numbers. July [----] closed at Kes [-----] billion (Kes [-----] billion in July 2024) No"
X Link 2025-08-16T16:01Z 75.9K followers, [----] engagements

"It's the season for tax reform in Africa. After Nigeria which is undertaking a near overhaul of the tax regime Ethiopia is next. The government is grappling with the fact that between 2015/16 & 2022/23 the country's tax revenue to GDP ratio fell from 12.1% to 7.5%. What's are the issues & what's being proposed Ethiopia is looking to borrow from regional peers like Kenya & Uganda in taxing financial services & mobile money transactions as well as airtime & data A proposal has been made for the designation of large private companies as Value Added Tax withholding agents to increase Value Added"
X Link 2025-08-16T17:24Z 75.8K followers, [----] engagements

"One of my notable highlight of the week that just ended was how the story of the wind down of DT Dobie has been told"
X Link 2025-08-17T06:33Z 75.9K followers, 33.3K engagements

"@kurampe But it's a function of the acquisition by CFAO. How is it sad That's the part I am not getting"
X Link 2025-08-17T07:09Z 75.8K followers, [----] engagements

"Just released data from the Central Bank of Kenya tells us that the banking sector executed [---] new mortgages in [----] with the cumulative outstanding value rising to Kes [-----] billion even as the average mortgage size contracted to Kes [---] million. This week on @ntvkenya's #BusinessRedefined a discussion with @_ShivArora on the residential market in the country & the trends shaping the landscape. Aug 18th 7:30pm"
X Link 2025-08-17T09:19Z 75.9K followers, 10.7K engagements

"The government is back in the market with a tap sale on IFB1/2018/15 & IFB1/2022/19 whose reopening was met with bucketloads of oversubscription. The ask is Kes [----] billion. This tap sale is a story of the government's current fiscal trilemma: The government could have shelved the tap sale & sent a decisive signal on pricing & its desired yield curve play But accepting Kes [-----] billion against a tidy Kes [-----] billion worth of redemptions meant the new borrowing was wafer thin & undermined the mission to front-load 2025/26 borrowing External financing is off to an arid start in 2025/26 &"
X Link 2025-08-19T10:03Z 75.8K followers, 11.4K engagements

"Awash with liquidity following the sale of National Bank to Nigeria' Access Bank KCB Group now plans to initiate & close an acquisition in Ethiopia by Feb [----] (within the next [--] months). Talks have been initiated they have engaged the regulator & the target is a universal franchise. Catch all the details from my conversation with the Group Finance Director Lawrence Kimathi in your copy of @BD_Africa on Aug 20th. Read more via link - https://www.businessdailyafrica.com/bd/corporate/companies/kcb-opens-talks-to-acquire-40pc-stake-in-ethiopia-bank-5160640 KCB shareholders book Kes [----] billion"
X Link 2025-08-19T20:26Z 75.8K followers, [----] engagements

"Budget cycle 2026/27 kicks off in earnest on Aug 25th at KICC"
X Link 2025-08-19T20:39Z 75.9K followers, [----] engagements

"I sat down with KCB Group's Finance Director @kiambi_k for a deep dive into the group's HY2025 earnings which saw the net profit tick up 8.0% to Kes [----] billion. A🧵 Our starting point was the record Kes [----] billion dividend payout (Kes 2.0/share interim + Kes 2.0/share Special). Key issues: The quantum of payout while still retaining robust capital buffers stood out for me I asked Lawrence about this being the turning point from the strain of the TMB & BPR quick succession buyouts Certainty around the way forward regarding TMB shareholding & the minority players was also a key factor in"
X Link 2025-08-20T21:19Z 76.3K followers, [----] engagements

"We spoke about the movements in the group's NPL. Key issues: KCB Kenya bad debt ratcheted up (NPL ratio ticking up to 22.2%) due to the hiving off of part of the assets held by National Bank & taking them into the Kenyan subsidiary The hiving off of assets from National Bank to KCB Kenya was a function of ensuring compliance with the prudential requirements (from a risk weighted assets perspective) on the Access Bank side post-acquisition Key thing to note here is that minus the hiving off of some of the top [--] names KCB Kenya's quantum of bad debt was actually down Kes [---] billion y/y"
X Link 2025-08-20T21:19Z 75.9K followers, [---] engagements

"On the whole regarding the group's bad debt: The plan is to trim the ratio to play around 16.0% with the band 14.0% - 16.0% being the sweet-spot The securitisation of roads sector is beginning to afford some much needed relief to the group's recovery efforts Two straight quarters with the NPL ratio coming down provides a gleamer of hope for the bank that it is beginning to right size the bad book"
X Link 2025-08-20T21:19Z 75.9K followers, [---] engagements

"As is the case with just about every other bank this season the plunge in FX trading income was quite topical. Key issues: KCB Group's FX Trading income was down 47.9% y/y to Kes [----] billion The plan is to take the group's non-funded income back to the mid-30s as a proportion of total revenue (HY2025 closed at 29.9%) Kimathi says this is an opportunity to de-concentrate the sector's non-funded income from FX income & the one-offs of huge spreads While ceding ground on the government-to-government petroleum product sourcing arrangement KCB Group still believes it is well placed to defend its"
X Link 2025-08-20T21:19Z 75.9K followers, [---] engagements

"Still on the Income Statement will efficiency be tightened by principally from the numerator or from the denominator Key issues: Kimathi says whereas there was general improvement in efficiency (C/I ratio slid to 46.0% from 46.8% in HY2024) there's ample room to work on the denominator He says rescuing the non-funded side from the FX shock will be pivotal in realisation of this"
X Link 2025-08-20T21:19Z 75.9K followers, [---] engagements

"Still on subsidiaries we touch on the developments around the Tanzania & Uganda businesses. Key issues: There are plans to inject capital into the Tanzania subsidiary early [----] The Group is keen on a mix between Tier I & Tier II capital though currently the pricing on the latter looks prohibitive The Uganda business managed to secure Tier II capital at favourable pricing that should reflect in the balance sheet within this quarter"
X Link 2025-08-20T21:20Z 75.9K followers, [--] engagements

"Finally Kimathi tells me KCB Group plans to enter the Ethiopia market by Feb [----] (within the next [--] months) KCB Group rules out market entry into Ethiopia via green field the group targets a strategic & culturally aligned asset The plan is to enter the market & go heavy on digital given the sheer size of the country KCB intends to retain the universal banking model as it scouts for a target entity to acquire (capped at 40.0% by law) in the Ethiopian market Also lessons from the buy out & divestiture from the National Bank of Kenya"
X Link 2025-08-20T21:20Z 75.9K followers, [---] engagements

"With AGOA's sunset drawing closer (end September 2025) & the Trump Tariffs about a fortnight old now Kenya's government says it has reached an agreement with the US government to initiate the process of a reciprocal trade agreement. This follows a meeting between a Kenyan delegation led by Investments Cabinet Secretary Lee Kinyanjui & a US delegation led by Trade Representative Amb. Jamieson Greer"
X Link 2025-08-21T05:14Z 75.9K followers, [----] engagements

"Legal Notices No. [---] & [---] have amended Regulation [--] of the Retirement Benefits (Umbrella Retirement Benefits Schemes) Regulations [----] & Regulations [--] & [--] of the Retirement Benefits (Occupational Retirement Benefits Schemes) Regulations [----] to increase the duration that a pension trustee holds office from [--] to [--] years. I see an attempt by the National Treasury & the market regulator (Retirement Benefits Authority) to foster continuity & predictability in the industry given the rather rapid rise in Assets Under Management in the recent past. The question of trustees & their risk posture"
X Link 2025-08-21T06:44Z 75.8K followers, [----] engagements

"I had this conversation with National Treasury CS John Mbadi four months ago when President William Ruto visited Beijing as the IMF/World Bank Spring Meetings were underway (see quoted tweet). He mentioned that re-denomination of Chinese debt from US$ to CN was top on the agenda. In 2025/26 obligations to China (at Kes [-----] billion) account for 28.16% of external debt redemptions & (at Kes [-----] billion) 14.39% of external interest payments. IMO two other creditors will at some point need to be engaged on a similar conversation. The first is domestic the second is TDB. The first one will be"
X Link 2025-08-22T05:25Z 75.9K followers, 17.6K engagements

"Kenya closes Tokyo International Conference on African Development (TICAD) [----] having charted a pathway towards securing the long anticipated Samurai Bond following a statement of intent from Nippon Export & Investment Insurance (NEXI). Looks like a ballpark Kes [----] billion issuance. Proceeds earmarked as follows: Kes [----] billion - Kes [----] billion to facilitate the National Automotive Policy Kes [---] billion earmarked for procurement of high-efficiency transformers to reduce electricity transmission costs Up to Kes [---] billion worth of budget support focusing on projects exempted from"
X Link 2025-08-22T12:38Z 76.3K followers, [----] engagements

"WPP Scangroup Half Year earnings"
X Link 2025-08-23T07:10Z 75.9K followers, [----] engagements

"Next on @ntvkenya's #BusinessRedefined as the diaspora's market demands evolve beyond conventional money remittance banks are in a rush for the [---] Million Kenyans abroad & their search for an array of solutions including insurance wealth management FX pension & annuity mortgages as well as other credit facilities. We speak to @KCBInKenya's Catherine Tipapa to catch a glimpse of where the market is heading. Aug 26th 7:30pm"
X Link 2025-08-23T18:44Z 76K followers, [----] engagements

"Banda Homes (in liquidation) creditors will be meeting on Sep 18th [----]. Sad story"
X Link 2025-08-24T07:13Z 75.9K followers, 37.7K engagements

"Kenya's 2026/27 Budget Cycle has been launched this morning. From what has been presented the macro level figures will be a mirror image of what we have in the 2025/26 baseline budget. Key points: Targeted revenue set at 17.2% of GDP. This means that as a ratio of GDP revenue collection (including Appropriation in Aid) is expected to remain flat compared to 2025/26 baseline budget Targeted expenditure is set at 22.2% of GDP marginally lower than the 22.2% of GDP captured in the 2025/26 baseline budget Targeted fiscal deficit is projected at 4.7% of GDP flat compared to 2025/26 baseline budget"
X Link 2025-08-25T08:11Z 75.9K followers, [----] engagements

"In the build up to the June [----] budget speech I asked whether looking at the expenditure estimates budget 2025/26 was truly based on zero based budgeting (see quoted tweet). Today while launching the 2026/27 budget cycle National Treasury confirmed that contrary to the pronouncements we had little if any zero based budgeting in 2025/26. The government now plans to have the 2026/27 spending plan as one that is really anchored on zero based budgeting. Tomorrow Budget Day [----] is an important day. The next financial year needs adults in the room. [--]. We were told 2025/26 will be the onset of"
X Link 2025-08-25T11:14Z 75.9K followers, 12.3K engagements

"National Treasury CS John Mbadi has today come in defence of the stability of the Kes over the last [--] months holding steady within the [-----] - [-----] band to the US$. He says the [-----] - [-----] exchange rate is a true reflection of the local unit's strength. The CS makes four points: It's a pointer to the comfort enjoyed given the accumulation of FX reserves (latest data shows US$ [-----] Mln [----] months of import cover) Export proceeds have been strong & the narrowing of the Current Account deficit (latest data shows that the deficit narrowed to 1.6% of GDP in the year to June 2025) The"
X Link 2025-08-25T12:16Z 75.9K followers, [----] engagements

"When the government want to market with the reopening of IFB1/2018/15 & IFB1/2022/19 & attracted Kes [------] billion in bids against its Kes [----] billion ask I argued that despite the papers not being benchmark it was fundamentally a yield curve play given the coupon of those papers (see quoted tweet). Today some 'forward guidance' from the National Treasury on the T-Bill market. Sub-7.0% this week for both the [--] Day & [---] Day The results for the tap sale on IFB1/2018/15 & IFB1/2022/19 are out. Again bucketloads of oversubscription Offered amount: Kes [----] billion Bids received: Kes 207.45"
X Link 2025-08-25T12:42Z 75.9K followers, [----] engagements

"@WehliyeMohamed @GibNabson @FQanini Indeed. If you plot imports exports & the trade balance demand has been soft from Q4/2023"
X Link 2025-08-26T12:17Z 75.9K followers, [----] engagements

"Kenya Airways (KQ) slumps back into the red with the airline reporting a Kes [-----] billion loss after tax in the first half of [----] down from a Kes [-----] million net profit in the same period in 2024"
X Link 2025-08-26T12:46Z 76.1K followers, 31.2K engagements

"June 30th could soon be a breeze for Kenyans Kenya Revenue Authority says it is working towards doing away with manual filing of tax returns from P9 forms by payroll employees & Nil filers. The authority says plans are underway for integration of systems to allow for auto-population. I think as we venture this route there are some key lessons we can draw from the VAT auto-population experience"
X Link 2025-08-27T06:37Z 75.9K followers, 10.9K engagements

"There was haemorrhage on KQ in the markets today share price closed down 19.8% (at Kes 4.0) compared to yesterday's trade. See quoted tweet for the latest on the half year earnings. Kenya Airways (KQ) slumps back into the red with the airline reporting a Kes [-----] billion loss after tax in the first half of [----] down from a Kes [-----] million net profit in the same period in [----]. https://t.co/lsE3iHOK4w Kenya Airways (KQ) slumps back into the red with the airline reporting a Kes [-----] billion loss after tax in the first half of [----] down from a Kes [-----] million net profit in the same period"
X Link 2025-08-27T13:55Z 75.9K followers, [----] engagements

"Something happened to Kenya's US$1.5 billon UAE credit facility. It doesn't sound like the government is still expecting further drawdown beyond the initial US$500.0 Million done at the end of 2024/25. The plan was to reserve US$1.0 billion for 2025/26 commercial borrowing sounds like that's off the table now. Listen to Treasury CS John Mbadi here. On the US$1.5 billion loan facility from the UAE: It's a 7-year 8.25% interest loan & GOK is currently scouting for a transaction advisor Key thing to note is that the US$1.5 billion (Kes [-----] billion) facility exceeds the amount earmarked for"
X Link 2025-08-28T10:55Z 75.9K followers, 19.9K engagements

"When the National Treasury announced that it would be rolling out the eProcurement system effective July 1st [----] my estimation was that the projection of 10.0% savings of the state's procurable budget translated to Kes [-----] billion in 2025/26 (see quoted tweet). Today National Treasury indicates it is seeing the number playing in the Kes [-----] billion - Kes [-----] billion band. The government says it is rolling out mandatory eProcurement across the public sector effective July 1st [----]. Musings: If you have been supplying government entities & still wish to do so post-June 30th you will need"
X Link 2025-08-28T14:47Z 76K followers, [----] engagements

"This week the government seems to have been on a mission to nudge the 91-Day T-Bill yield below the 8.0% mark (see quoted tweet).& it did so by a wafer thin margin. The paper closed the auction at a close 7.99%. Worth pointing out that of the Kes [----] billion worth of bids received Kes [----] billion were non-competitive. Even the [---] Day paper was heavily skewed with non-competitive bids but didn't cross the 8.0% 'Rubicon'. When the government want to market with the reopening of IFB1/2018/15 & IFB1/2022/19 & attracted Kes [------] billion in bids against its Kes [----] billion ask I argued that"
X Link 2025-08-28T16:42Z 75.9K followers, [----] engagements

"I am a huge fan of Audit because at its core it is what empowers citizens to evaluate value for money in the state's spending of hard earned taxpayer funds & therefore hold leaders to account credibly. This is why I am excited to be moderating this town hall convened by @ICPAK_Kenya & the @OAG_Kenya Kenya where the theme is 'Positioning auditing as a driver of economic growth & good governance'. September 4th [----] starting 4:00pm"
X Link 2025-09-01T10:01Z 75.9K followers, [----] engagements

"The Controller of Budget is asking the National Treasury & the National Assembly what the point of rationalising/cutting expenditure via Supplementary Budget when the said expenditure has already been incurred through the baseline budget is"
X Link 2025-09-03T09:13Z 76K followers, [----] engagements

"Tanzania lowers its Value Added Tax (VAT) rate from 18.0% to 16.0% in line with Finance Act 2025's amendment to Sec5 of the VAT Act. Commissioner General to guide on the implementation. Per the Medium-Term Revenue Strategy Kenya was to lower its VAT rate from 16.0% to 15.0% & bump up its VAT threshold to Kes [---] Million (at least we saw Finance Bill '24 attempt this before being rescinded)"
X Link 2025-09-03T18:46Z 76.3K followers, [----] engagements

"Six months ago the Central Bank of Kenya introduced on-site inspection of banks over failure to transmit monetary policy adjustments to the real economy via lower lending rates. The Governor of the Central Bank Dr Kamau Thugge tells me that with the new Risk Based Credit Pricing Model taking effect on Dec 1st & loan pricing transitioning to harmonised reference rate surveillance will be stepped up & penalties will be steep. Link - https://www.businessdailyafrica.com/bd/markets/market-news/cbk-to-intensify-checks-on-banks-for-new-loan-model-compliance-5179692"
X Link 2025-09-03T20:52Z 76K followers, [----] engagements

"Tonight on @ntvkenya my conversation with the Governor of the Central Bank of Kenya (@CBKKenya) Dr. Kamau Thugge unpacking the intricacies of the new Risk Based Credit Pricing Model for the banking sector. On the agenda: How the apex bank moved from vouching for the Benchmark as the reference rate to the Interbank Rate Simple average versus Compounded in arrears & why the latter carried the day & what does it mean for borrowers From KBRR (2014 - 2016) to rate caps (2016 - 2019) to Risk Based Credit Pricing (2019 - 2025) & its overhaul for the new one (post-2025). Key lessons & how the new"
X Link 2025-09-04T04:21Z 76.4K followers, 28.4K engagements

"Artificial Intelligence & tax administration lessons for Kenya from Latvia Armenia & South Africa. My piece in today's @BD_Africa more via link - https://www.businessdailyafrica.com/bd/opinion-analysis/columnists/advent-of-ai-and-what-it-portents-for-taxation-systems-5179186 https://www.businessdailyafrica.com/bd/opinion-analysis/columnists/advent-of-ai-and-what-it-portents-for-taxation-systems-5179186"
X Link 2025-09-04T08:43Z 76K followers, [----] engagements

"Kenya is overhauling the Risk Based Credit Pricing regime that has applied in the banking sector ever since the repeal of caps on lending rates in [----]. In simple terms the way the interest on loans is calculated is being changed. Four things I think we all need to know: Effective Dec 1st all new variable-rate loans from banks will be priced off a harmonised reference rate (i.e. the Kenya Shilling Overnight Interbank Average) The era when each bank had its own unique reference rate to price off loans (i.e. [----] - date) has its sunset at midnight Nov 30th [----] Effective February 28th [----] all"
X Link 2025-09-04T18:41Z 76.2K followers, 90.6K engagements

"I started by asking the Governor why the Central Bank changed its stance on what should be the reference rate. In March the apex bank was of the view that the its benchmark rate (CBR) should form the reference rate off which loans are priced. At the time it differed with banks because they argued for use of the Interbank Rate In the final guide seen last week the Central Bank had changed its position & now supported the use of the Interbank Rate as the reference point The Governor says: In the final analysis the Interbank Rate proved a stronger market based reference rate when compared to the"
X Link 2025-09-04T18:41Z 76.1K followers, [----] engagements

"I was curious about the interplay between the new Risk Based Credit Pricing Model & the interest rates corridor introduced mid-2024. My question was two-fold: Kenya is introducing the Interbank Rate anchored Risk Based Credit Pricing mechanism amidst an environment where an accommodative monetary policy stance has allowed the steady trimming of the Interest Rates Corridor (currently at CBR +/- [----] bps) which was introduced to help anchor the interbank What happens in an inflationary environment where the macro conditions necessitate the widening of that corridor Wouldn't that impair KESONIA"
X Link 2025-09-04T18:41Z 76.1K followers, [----] engagements

"Finally Six months ago the Central Bank introduced on-site inspection of banks in a bid to crack the whip on those who were undermining monetary policy transmission. What does the new Risk Based Credit Pricing regime mean for this More relaxed or tighter inspection The Central Bank Governor says the banking sector should now anticipate even tighter surveillance going forward. Ends"
X Link 2025-09-04T18:41Z 76.1K followers, [----] engagements

"Kenya's Article IV Consultations with the International Monetary Fund (IMF) slated for September have been kicked down the road on the government's request. The Governor of the Central Bank tells me that the government expressed the preference of having negotiations for a new programme with the Fund precede Article IV Consultations hence the rescheduling. The government of Kenya now expects that Article IV Consultations will be presented to the IMF board simultaneously with Kenya's request for a new programme. An IMF mission is expected in Nairobi at the end of this month"
X Link 2025-09-05T13:15Z 76.2K followers, [----] engagements

"The Central Bank of Kenya says it plans to roll out a new retail market targeted bond system by June 30th [----] (see quoted tweet for details on the tender that was floated in July). The Governor Dr. Kamau Thugge tells me with the prevailing challenges in realizing both bilateral & multilateral financing this system will help the government plug revenue shortfalls comfortably. Between [----] & [----] the government experimented this with MAkiba a retail tax free bond with denominations of investment as low as Kes [----]. The Central Bank of Kenya has floated a tender for supply of a Retail Bond"
X Link 2025-09-06T06:26Z 76.1K followers, [----] engagements

"Stanbic Bank is the first I am seeing issue a notice to clients on the new Risk Based Credit Pricing Model. I had a deep dive on this matter with the Governor of the Central Bank Dr. Kamau Thugge. See quoted 🧵 for breakdown. Kenya is overhauling the Risk Based Credit Pricing regime that has applied in the banking sector ever since the repeal of caps on lending rates in [----]. In simple terms the way the interest on loans is calculated is being changed. Four things I think we all need to know: https://t.co/rAG3tmkJHL Kenya is overhauling the Risk Based Credit Pricing regime that has applied in"
X Link 2025-09-06T06:39Z 76.1K followers, 10.8K engagements

"I take a different view. This is actually a step in the right direction that I believe we should be upbeat about. Our capital markets are too shallow & need deepening this is one way of going about it. Kenya will be better positioned to mitigate the downside of wrong-way risk (borrowing in US$ & relying on Kes proceeds to service the same) that amplified debt vulnerabilities in the 2022/2024 cycle"
X Link 2025-09-06T10:18Z 76.1K followers, [---] engagements

"I take a different view. Issuances in the fixed income market have in the recent past been a very calibrated yield curve play pointing to abundance of caution on the cost of funds side. Whatever the tenure issued the yield curve will be the guide & as long as GOK retains its present playbook yield compression remains front & centre"
X Link 2025-09-06T10:35Z 76.1K followers, [--] engagements

"Shariah focused investments are gaining traction in Kenya: In [----] the country's debut Sukuk (15-year Note 11.13% IRR) raised Kes [---] billion whose proceeds have been deployed in accelerating affordable housing Shariah targeted investment schemes are gaining traction in Kenya with the assets under management held now standing at Kes [----] billion This week on @ntvkenya's #BusinessRedefined a conversation with the Head of Shariah Banking @KCBInKenya on this fast growing space & what it portends for Kenya's commercial banking & capital markets. Sep 9th 7:30pm"
X Link 2025-09-07T08:50Z 76.2K followers, 12K engagements

"The engagement on this post (see quoted tweet) on the Tax Appeals Tribunal's judgement on Appeal No.E1116/2024 (Kirin Pipes Limited vs KRA Commissioner Intelligence Strategic Operations Investigations & Enforcement) regarding deposits to one's bank account being deemed income & thus taxable has been massive. The question has been asked recurrently suppose Kirin Pipes Limited had its books in order in adherence to Sec56(1) of the Tax Procedures Act was there a chance the outcome would have been different Of course it would be pegged on the strength of the documentation but I guess we can infer"
X Link 2025-09-07T13:15Z 76.2K followers, 43.5K engagements

"The latest edition of the Financial Sector Stability Report published by the Central Bank of Kenya has a very important section on the Interbank Market. The Central Bank notes that prior to DhowCSD rollout in July [----] government securities used as collateral in the interbank borrowing was not transferrable & counterparties demanded large haircuts & in some cases transactions only took place on relationships (i.e. the market was significantly fragmented) The Central Bank observes that thanks to reforms targeted at the market & its segmentation between [----] & [----] the collateralised Interbank"
X Link 2025-09-07T21:06Z 76.2K followers, [----] engagements

"With just [--] months to the sunset date for all banks to meet the first upgrade of core capital to Kes [---] billion the Central Bank of Kenya has made public the findings of its stress test on the impact of transitioning to this new prudential requirement. Even before applying the shock scenario [--] banks would require Kes [----] billion capital injection to fully comply with the new capital requirement by Dec 31st. The apex bank says that these banks have submitted their Internal Capital Adequacy Assessment Process plans containing measures to bump up capital"
X Link 2025-09-07T21:23Z 76.3K followers, [----] engagements

"UPDATE: High Court on Mandatory eProcurement in the public sector Kenya's High Court has issued conservatory directing that the National Treasury should going forward accept both electronic & manual submissions of tender documents & to process the same equally irrespective of their form of submission & provided they meet the criteria set out in Sec77 of the Public Procurement and Disposal Act. Musings: This essentially halts the mandatory eProcurement onboarding that has been underway since July 1st at the start of FY2025/26 The National Treasury had baked in Kes [-----] billion worth of"
X Link 2025-09-08T13:41Z 76.3K followers, 86.8K engagements

"Following StanChart's statement in light of the Supreme Court's pronouncement on the pensions case (see quoted tweet for details) here's a throwback to my conversation with the bank's CEO & CFO on this matter within the context of the FY24 earnings that came out in March. My question was two-fold: Should the bank have been less aggressive on the dividend (final dividend of Kes 37.0/share total dividend of Kes [----] which translated to a 55.2% y/y uplift & 86.0% payout ratio) considering that at the time the matter was still unresolved in the corridors of justice How was the bank treating the"
X Link 2025-09-08T21:44Z 76.3K followers, 21.3K engagements

"MAJOR UPDATE: Kenya's National Treasury has published the 2025/26 Borrowing Plan. Notable signalling on liability management operations captured in this document. Musings: External Financing The National Treasury plans to execute the country's first debt-fo-food security swap in March [----]. It will be a US$1.0 billion ( Kes [-----] billion) transaction. I did a story on this in April [----] it's an arrangement with the World Food Programme It looks like the UAE credit line is still in the fiscal framework despite sentiments that it could have been shelved. The pending US$1.0 billion (remember"
X Link 2025-09-09T10:58Z 76.3K followers, 45.1K engagements

"About Kenya's plan for a US$1.0 billion World Food Programme backed debt-for-food security swap in March [----] (see quoted tweet) I had this conversation with the National Treasury Cabinet Secretary in April this year. Listen in. MAJOR UPDATE: Kenya's National Treasury has published the 2025/26 Borrowing Plan. Notable signalling on liability management operations captured in this document. Musings: External Financing The National Treasury plans to execute the country's first debt-fo-food security https://t.co/pFxQ7WSQyj MAJOR UPDATE: Kenya's National Treasury has published the 2025/26"
X Link 2025-09-09T11:26Z 76.2K followers, [----] engagements

"Leadership changes at the Kenya Revenue Authority. [--]. Rispah Simiyu seconded to National Treasury [--]. Doreen Mbingi appointed Ag. Commissioner Large & Medium Taxpayers (as Rispah exits & the search continues see quoted tweet) [--]. Nancy Ng'etich appointed Commissioner Shared Services KRA is recruiting for Commissioner Large & Medium Taxpayers. Huge (arguably the most consequential IMO) portfolio at the Authority when you think about it. Domestic Taxes account for 65.0% of the total revenue pie. Large & Medium Taxpayer collections account for 56.0% of this https://t.co/1pkYKM7263 KRA is"
X Link 2025-09-11T05:24Z 76.2K followers, 46.1K engagements

"The government is now developing an Economic Planning Policy and Bill (see quoted tweet). A Bill for economic planning The @Planning_Ke Director General @ichwarajm held a briefing session on the development of the Economic Planning Policy and Bill today Wednesday 10th September [----] at the Treasury Building . @BonfaceBMakokha @KeTreasury @NepadAprmKenya https://t.co/A2mV3i0Dsm The @Planning_Ke Director General @ichwarajm held a briefing session on the development of the Economic Planning Policy and Bill today Wednesday 10th September [----] at the Treasury Building . @BonfaceBMakokha"
X Link 2025-09-11T10:46Z 76.2K followers, 18.8K engagements

"StanChart moving swiftly to settle the Kes [---] billion obligation following the Supreme Court judgement. In sum StanChart is asking "sasa Kes [---] billion ni kitu ya kunikasirikia" The power of the balance sheet. https://t.co/tJtlHQiKXa In sum StanChart is asking "sasa Kes [---] billion ni kitu ya kunikasirikia" The power of the balance sheet. https://t.co/tJtlHQiKXa"
X Link 2025-09-11T16:34Z 76.3K followers, 61.5K engagements

"Looks like we are headed for a standoff between the Executive & the Judiciary over mandatory eProcurement in the public sector. The High Court issued orders directing that both manual & electronic procurement be allowed to apply (see quoted tweet). The President says whoever doesn't want eProcurement can pack & leave. UPDATE: High Court on Mandatory eProcurement in the public sector Kenya's High Court has issued conservatory directing that the National Treasury should going forward accept both electronic & manual submissions of tender documents & to process the same equally irrespective"
X Link 2025-09-11T19:05Z 76.3K followers, 64K engagements

"If [----] was the year of the Money Market Fund rush in Kenya's investment landscape [----] is without a doubt the year of the Special Funds rush. Special Funds reported the highest increase between Q1/2025 & Q2/2025 (up 31.0%) to Kes [------] billion placing Fixed Income Funds at a relatively distant second at 23.0% up to Kes [------] billion & almost double the growth in Money Market Funds which posted 17.0% to Kes [------] billion. The 5th largest player in the unit trusts market @BritamEA (Kes [----] billion AUM 6.9% market share) now plans to make its foray into the Special Funds space. However the"
X Link 2025-09-13T21:43Z 76.3K followers, 19.9K engagements

"On Aug 6th while meeting the Kenya Private Sector Alliance President William Ruto hinted at a Business Laws (Amendment) Bill [----] (see quoted 🧵 for details). Well it looks like the document is now out. Big caveat here is that I am yet to see the gospel truth Green Copy. Musings: Value Added Tax I see what I think is a potentially problematic amendment to Sec17 of the VAT Act where the proviso of Sub-sec2 is being amended by deleting the word six & substituting therefor the word three Essentially GOK seeks to reduce the period within which taxpayers can claim relief on input tax by half"
X Link 2025-09-15T12:14Z 76.3K followers, 18.1K engagements

"We saw this coming didn't we (see quoted tweet) Former Central Bank of Kenya Chairman Mohammed Nyaoga appointed Chairman of the Board at Absa Bank Kenya effective Oct 1st. Former Central Bank of Kenya Chairman Mohammed Nyaoga joins the board of Absa Bank Kenya as Independent Non-Executive Director effective Aug 1st [----] https://t.co/s0XIVFCzYN Former Central Bank of Kenya Chairman Mohammed Nyaoga joins the board of Absa Bank Kenya as Independent Non-Executive Director effective Aug 1st [----] https://t.co/s0XIVFCzYN"
X Link 2025-09-15T14:20Z 76.3K followers, 27.9K engagements

"Between an environment of elevated credit risk & the overhaul of the Risk Based Credit Pricing regime it's an interesting time for banking intermediation. Next on @ntvkenya's #BusinessRedefined a conversation with @AbsaKenya's Director overseeing Business Banking @LizWasunna exploring how to keep the liquidity tap running in this fast changing environment. Sep 16th (tomorrow) 7:30pm"
X Link 2025-09-15T15:33Z 76.4K followers, [----] engagements

"The @BD_Africa has an interesting article where the National Taxpayers Association (@nta_kenya) has tabled the case for wealth taxation in Kenya. The Association is proposing: A 1.5% annual tax for Kenyans earning US$1.0M (Kes 129.3M) - US$3.0M (Kes 387.9M). It argues there are [----] individuals here A 3.0% annual tax for those earning between US$3.0M (Kes 387.9M) & US$100.0M (Kes 12.9B). It argues there are [----] individuals here A 5.0% annual tax for those earning US$100.0M. It argues there are [--] individuals here Link -"
X Link 2025-09-15T19:45Z 76.3K followers, 23.7K engagements

"Standard Chartered Bank Kenya issues a profit warning for the year ending Dec [----]. The bank cites the pensions case judgement (see quoted tweet for details) as the main reason for the profit warning. Let's see how the counter holds when the market opens tomorrow. Also this is a good case study on issuance of a profit warning [--] months ahead of the earnings. We can count a number of instances where we see a profit warning coming alongside the very earnings it relates to. StanChart moving swiftly to settle the Kes [---] billion obligation following the Supreme Court judgement."
X Link 2025-09-15T19:54Z 76.3K followers, 23.8K engagements

"@Ishiombz Miscalculation when they were migrating the pensions to a defined contribution scheme"
X Link 2025-09-16T10:36Z 76.5K followers, [---] engagements

"The Central Bank of Kenya Governor Dr. Kamau Thugge speaking on the journey towards US$11.0 billion FX reserves. Currently reserves stand at US$ [------] billion [---] months of cover. Musings: With FX seemingly taken care of & the signalling being a further build up in ammunition I expect a further cut in the Oct 7th MPC. Inflation remains below the mid-point the headache now remains private sector credit growth"
X Link 2025-09-19T09:16Z 76.3K followers, 22.5K engagements

"Kenya's Electricity Transmission Masterplan has a US$5.0 billion funding gap & the Electricity Transmission Company (@KETRACO1) has now opened talks with commercial banks & pension funds to crowd in private capital amidst uncertain exchequer financing. I sat down with the now immediate former Managing Director @MativoMJohn to discuss this & other issues in the energy sector including peak demand & spinning reserve regulation & open access as well as the regional power pool. Sep 24th (Wednesday) 7:30pm"
X Link 2025-09-20T11:09Z 76.3K followers, [----] engagements

"Finance Act [----] amended the Tax Procedures Act via Sec44a to provide that all inbound consignments imported into Kenya will be accompanied by a Certificate or Origin issued by a competent authority from the country of origin. As the [--] days transition window between July 1st & September 30th draws to a close @ntvkenya's #BusinessRedefined sits down with @PwC_KE's Corazon Ongoro to discuss what this means for the country's customs & international trade starting Oct 1st. Sep 23rd 7:30pm"
X Link 2025-09-20T22:43Z 76.3K followers, 22K engagements

"Among the latest fund management licenses issued by the Capital Markets Authority is one to Kenya Climate Ventures Limited. CMA says the licensee aims to establish & manage specialised Climate Impact Funds. Eyes on the return & how its AUM evolves"
X Link 2025-09-22T09:25Z 76.3K followers, [----] engagements

"Diamond Trust Bank (DTB) announces that it is exiting Burundi having reached an agreement to offload its entire 83.67% stake in the subsidiary to a consortium of Burundi based investors. DTB Burundi has been in operation since [----]. The group says the divestiture is designed to allow it to focus on its core markets - Kenya Uganda & Tanzania"
X Link 2025-09-22T14:14Z 76.3K followers, 18K engagements

"With just days to its sunset at the end of this month President William Ruto says Kenya will be negotiating for extension of AGOA this week on the sidelines of the UNGA Meetings"
X Link 2025-09-22T17:29Z 76.3K followers, [----] engagements

"Ghana's President John Mahama says his counterpart from Kenya William Ruto has given him a few tips on how to finance affordable housing"
X Link 2025-09-25T01:20Z 76.3K followers, 12.3K engagements

"Interesting & welcome discussion from Safina Party here on VAT vs Sales Tax. Musings: [--]. Kenya has had Sales Tax in past. Perhaps the starting point should be why the Tax Modernisation Programme 1985/86 provided for its gradual phasing out & adoption of VAT starting [----]. There are key lessons there [--]. The VAT problem in my view is an architecture/design problem.Not one of VAT in principle. Let's go back to the build up to the VAT Act of [----] & why it was designed as it was especially on the 1st & 2nd Schedules. There are key lessons there [--]. The Medium-Term Revenue Strategy made very key"
X Link 2025-09-26T19:25Z 76.3K followers, 40.1K engagements

"Kenya's headline inflation closes September [----] at 4.6% marginally up from 4.5% last month. When the CBK meets for the MPC on Oct 7th I am expecting the 8th consecutive cut"
X Link 2025-09-30T16:48Z 76.3K followers, [----] engagements

"Kenya National Bureau of Statistics has put out Q2/2025 BOP Data. A fairly steady hold on the narrowing of the Current Account Deficit has been sustained. Trending around 1.6% of GDP. There's a bit of elevated pressure on the Financial Account side"
X Link 2025-09-30T17:20Z 76.3K followers, [----] engagements

"Kenya is back in the global markets pursuing the twin execution of buying back its US$1.0 billion [----] note 7.25% while issuing a new one. Musings: It suggests to me that the playbook around proactive liability management remains. Seven months ago Kenya executed a buyback on its US$900.0M [----] 7.0% note while issuing a 10-year weighted average note (2036) which will be redeemed in three equal instalments The [----] US$1.0 billion note was the next bullet maturity after the [----] US$2.0 billion payment that caused so much anxiety around Kenya in the markets. Executing a buyback this early signals"
X Link 2025-10-02T11:25Z 76.3K followers, 36.5K engagements

"The latest on Kenya's new eurobond issuance: It's a dual tranche issuance There's a 7-year note with [----] maturity Initial Price Talk at 8.75%. Amortisation in [--] equal instalments - Oct [----] Oct [----] & Oct [----] There's a 12-year note with [----] maturity Initial Price Talk at 9.75%. Amortisation in [--] equal instalments - Oct [----] Oct [----] & Oct [----] Kenya is back in the global markets pursuing the twin execution of buying back its US$1.0 billion [----] note 7.25% while issuing a new one. Musings: It suggests to me that the playbook around proactive liability management remains. Seven months ago"
X Link 2025-10-02T12:04Z 76.3K followers, [----] engagements

"@xysist [--]. Kenya misses the funded program it is scouting for gets a standby of sorts [--]. Kenya & IMF don't react an agreement at all there's no successor program"
X Link 2025-10-02T14:39Z 76.3K followers, [---] engagements

"Now that we are all talking the [----] US$1.0 billion Eurobond buyback the new [----] & [----] US$1.5 billion notes & ongoing IMF talks in Nairobi here's an important throwback to my conversation with the Governor of the Central Bank of Kenya. Kenya is back in the global markets pursuing the twin execution of buying back its US$1.0 billion [----] note 7.25% while issuing a new one. Musings: It suggests to me that the playbook around proactive liability management remains. Seven months ago Kenya executed a buyback on https://t.co/lGuRCbvZey Kenya is back in the global markets pursuing the twin"
X Link 2025-10-03T15:03Z 76.3K followers, 10K engagements

"I was on @CNN this evening for a conversation with @biannagolodryga on the lapsing of the Africa Growth Opportunity Act (AGOA) on September 30th the implications for Africa & what the road ahead. My key points: AGOA lapsing & its implications is a lot more nuanced than has been painted so far because the landscape is not homogenous. Jurisdictions like Lesotho & Madagascar (where exports to the US account for 19.0% & 16.0% of all exports respectively) are most exposed. The mid-segment (where exports to the US as a proportion of total exports are in the mid to high single digits like Kenya"
X Link 2025-10-03T17:28Z 76.4K followers, 15K engagements

"Kenya Power full year (ended June 2024) earnings. Profit after Tax closed at Kes [-----] billion down from Kes [-----] billion a year earlier. Final dividend at Kes 0.80/share (full year dividend at Kes 1.0/share)"
X Link 2025-10-06T19:46Z 76.4K followers, [----] engagements

"As expected the Central Bank of Kenya has delivered the 8th consecutive rate cut 25.0bps down to 9.25%. It's the lowest the rate has been since Jan [----]. Musings: The signal is decisive. CBK is telling us that the foot is firmly on the accelerator & is poised to remain so Compelling green-shoot from private sector credit growth up 5.0% in September from 3.3% in August Is aggregate demand softening The marker has been flat between August & September The quality of the banking sector loan book seems to be turning a corner NPL ratio closed September at 17.1% compared to 17.6% in August The"
X Link 2025-10-07T14:07Z 76.4K followers, 17.5K engagements

"A lot of discussion going on around the re-denomination of Kenya's SGR loan from US$ to CNY. What's happening here [--]. If you unbundle the SGR loan as of the last update there's a commercial bit (US$2.0 billion) & a concessional terms bit (US$1.0 billion) [--]. What's being re-denominated is the commercial bit the concessional portion is in CNY already [--]. How is the saving coming about It's more than re-denomination it's conversion from a variable US$ interest rate to a fixed CNY interest rate [--]. Why is this important It helps Kenya place a lid on interest rate costs & have visibility of the"
X Link 2025-10-07T18:26Z 76.4K followers, 56.4K engagements

"@WehliyeMohamed That may not be far from it. I have tried getting Treasury to a sit down on the new loan to no avail"
X Link 2025-10-07T20:23Z 76.4K followers, [----] engagements

"@amenya_nelson That's why I am persuaded that part of this arrangement is some form of a bilateral currency swap. So far China has inked bilateral currency swap agreements with South Africa Morocco Egypt & Nigeria"
X Link 2025-10-07T20:56Z 76.4K followers, [----] engagements

"The Governor of the Central Bank of Kenya Dr. Kamau Thugge says that one bank has already submitted its model for pricing new loans off KESONIA in line with the new Risk Based Credit Pricing regime. The key date remains Dec 1st [----] for all new loans"
X Link 2025-10-08T09:44Z 76.4K followers, [----] engagements

"Privatisation Commission now sets March 31st [----] as the date by which GOK should have divested a 65.0% stake from Kenya Pipeline Co. All along the plan has been to have the entity listed at the bourse by Dec 31st [----] (see quoted tweet). GOK was banking on some Kes [-----] billion to provide a buffer for H1 2025/26 numbers the timeline adjustment albeit being more realistic begins to complicate the first half's fiscal framework. President William Ruto on listing Kenya Pipeline Co. before close of [----]. https://t.co/YdjoJUoXKO President William Ruto on listing Kenya Pipeline Co. before close of"
X Link 2025-10-08T20:58Z 76.4K followers, 44.8K engagements

"What a season for the banking sector. [--]. The Risk Based Credit Pricing Regime has been overhauled the market regulator tells us one lender has already submitted its new formula [--]. The Central Bank has been on an unrelenting unwind of monetary policy [--] straight cuts with the benchmark at its lowest since Q1/2023 [--]. Profit centers are shifting conventional banking's funded income core seems to be ceding ground to new engines Next on @ntvkenya's #BusinessRedefined a conversation with @AbsaKenya's Consumer Banking Director @mosesmuthui to make sense of all this & a lot more including domestic &"
X Link 2025-10-10T09:32Z 76.4K followers, [----] engagements

"When EABL Plc released its HY2025 earnings [--] months ago I sat down with Risper Ohaga on #CFOChat & asked her whether early redemption of the group's Kes [----] billion 12.25% Medium-Term Note was a card on the table (see quoted tweet). The listed alcoholic beverage manufacturer now notifies note holders of its decision to exercise early redemption of the note effective Oct 29th [----]. The note will effectively be redeemed & delisted a year ahead of maturity. In September last year student accommodation focused developer Acorn Holdings executed early redemption of its Kes [---] billion note. Still"
X Link 2025-10-12T18:30Z 76.4K followers, 19.9K engagements

"To be fair @NAssemblyKE Kenya Power has progressively trimmed the load of negative working capital. It was Kes [----] billion in FY2020. It closed FY2025 at Kes [----] billion. Directionally the company is on the right path. HOUSE COMMITTEE PUTS KENYA POWER ON THE SPOT OVER FINANCIAL IRREGULARITIES Parliament Buildings Tuesday 14th October [----] The National Assemblys Public Investments Committee on Commercial Affairs and Energy (PIC-CAE) on Tuesday held a session with top management of the https://t.co/RAzp1YTfSv HOUSE COMMITTEE PUTS KENYA POWER ON THE SPOT OVER FINANCIAL IRREGULARITIES"
X Link 2025-10-15T00:46Z 76.5K followers, 13K engagements

"My highlight from the IMF's October [----] Regional Outlook for Sub-Sahara Africa was the amount of time dedicated to the question of the Sovereign-Bank nexus (i.e. banks exposure to high levels sovereign debt & potential spillovers should distress levels rise further). The Fund is raising concern that as external funding becomes increasingly tight banks in certain jurisdictions (none were named but if you scan the region it's hidden in plain sight) risk throwing caution to the wind & gobble up too much debt exposing the strength of their balance sheets. IMF says this informs part of its push"
X Link 2025-10-16T20:48Z 76.5K followers, [----] engagements

"Amongst #BRICS only #India & #China posted growth in #FDI inflow between '14 & '15 at 27.8% & 5.5% respectively"
X Link 2016-07-20T05:43Z 69.5K followers, [--] engagements

"Bank of Zambia is on a dovish offensive - benchmark rate reserve ratio & overnight lending rate all slashed - http://www.boz.zm/MPCStatement-Feb2017.pdf http://www.boz.zm/MPCStatement-Feb2017.pdf"
X Link 2017-03-01T08:05Z 69.4K followers, [--] engagements

"Except for the Angolan Kwanza the fx market closed Jan '17 being mercifully calm for #African currencies. Southern African currencies mirrored the strong pageantry at Davos"
X Link 2018-02-04T07:12Z 69.5K followers, [--] engagements

"#Nigeria [----] GDP growth at 0.8%. 1)Reassuring rebound for the deepest contraction since [----] 2)Amber for a much needed adrenaline shot from CBN - need to unclench tight fisted lending to the private sector"
X Link 2018-02-27T11:58Z 69.8K followers, [--] engagements

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