38.7% of central banks globally have initiated rate cuts.

The next Central Bank of Kenya MPC meeting is in June 2024. With inflation within their target range and the forex rates stable, a cut would be a good bet here.

Companies need to pause using AI-generated images in ads until they fully grasp the many flaws and errors in such images. 😬

Safaricom following FY 2024 results:

— Share price +3.45% to KES 16.50.
— KES 45.9M traded, 13.8% of market turnover.
— Foreign participation: Buys: KES 35.4M, Sells: KES 1.1M.

Interesting.

If this money was ploughed into a well run state farm, it would result in 1 Billion + in 4 years.

PReference dividends from Kenya Power:

Two companies, Magiro Hydro Electricity and Hydrobox Kenya have applied for electric power generation & distribution licenses both in Murang'a County:

—Magiro plans to supply 533KW hydro and 108KW solar power
—Hydrobox aims for 140KW hydro and 142KW solar hybrid power

Seems like the government mistakenly applied a 15% withholding tax on the tax-free coupon of the Infrastructure Bond IFB1/2023/6.5.

Any idea why? 🤔

Notice of Appointment of Liquidator for Kenya Motors & Equipment (In Liquidation):

—George Murugu Muthui has been appointed as the Liquidator as of 6th Feb 2024
—Creditors must file their claims by 27th May 2024
—First General Meeting of Creditors to be held on 30th May 2024

Safaricom was up 3.5% yesterday after reporting decent FY 24 numbers:

#FridayFeeling Tupande miti

Devastating floods have caused some serious damage to infrastructure. Funds are and will be needed to rebuild the damaged infrastructure & to support victims.

With limited borrowing options and a huge chunk of revenues flowing to debt repayments, we're in a tough spot.

Airtel Money has 38M users in Africa:

'As we speak, our large hydropower dams in the Seven Forks have reached full supply capacity and now hold a combined volume of more than 2.6 billion cubic meters against a total flow from River Tana estimated at five (5) billion cubic meters'

KenGen CEO Eng. Peter Njenga [Eng. Peter Njenga]:

'We are happy to note that we have secured the necessary approvals for a 42.5MW Seven-Fork Solar PV project and are currently closing the initial project preparation works. We are now ready for the project construction phase'

M-pesa, M-hwari & Fuliza in FY 24:

Revenues:
—Fuliza: -28.4% to KES 3.9B
—KCB M-Pesa: +15.4% to KES 0.7B
—M-Shwari: +12.4% to KES 12.3B

Users:
—Fuliza: -13.2% to 7.1M
—KCB M-Pesa: +8.9% to 4M
—M-Shwari: +22.3% to 6.5M

Disbursements:
—Fuliza: +18.9% to 833.8B
—KCB M-Pesa:…

Airtel Africa had a'$161m exceptional tax gain in full year ended 31 March 2023 is on account of deferred tax credit in Kenya, Democratic Republic of Congo and Tanzania'