https://x.com/MwangoCapital/status/1832777012722978880?t=IuTR6rAsaJhWKwQHVrUVNg&s=19

Enjoy this week's top business news in memes

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Mwango Capital (@MwangoCapital) on X

𝐓𝐡𝐢𝐬 𝐖𝐞𝐞𝐤'𝐬 𝐓𝐨𝐩 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐍𝐞𝐰𝐬 𝐢𝐧 𝐌𝐞𝐦𝐞𝐬: 1. This week we learnt that the government had spent a staggering KES 27 billion on lavish travel, despite ongoing "austerity" measures and directives to curb foreign trips: #MwangoMemes

Solid podcast to listen to as a new investor:

https://www.theinvestorspodcast.com/episodes/peter-lynchs-guide-to-investing-in-your-expertise-w-kyle-grieve/

The Investor's Podcast Network

Peter Lynch’s Guide to Investing in Your Expertise w/ Kyle Grieve

Kyle explores Peter Lynch's book, “One Up on Wall Street.” Here he discusses why you can succeed in investing while being wrong often & more!

Month ahead calendar of key events

https://x.com/MwangoCapital/status/1830456309583679599

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Mwango Capital (@MwangoCapital) on X

𝐑𝐨𝐮𝐧𝐝𝐮𝐩 𝐨𝐟 𝐓𝐨𝐩 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐂𝐨𝐧𝐭𝐞𝐧𝐭 [𝟐𝐧𝐝 𝐒𝐞𝐩𝐭.]: 1. Kenya's inflation for August stood at 4.4% as compared to 4.3% in July 2024 and 6.7% in August 2023.

Memes this week!

https://x.com/MwangoCapital/status/1830235926548938777

The month ahead.

In our newsletter this week:

✈️ Kenya Airways Posts First Profit in a Decade
? KCB, NCBA, Stanchart, and I&M H1 2024 Results
? S&P Downgrades Kenya

Link: https://mwangocapital.substack.com/p/26-08-2024-kq-breaks-10-year-loss-streak?utm_source=substack&publication_id=262782&post_id=148133241&utm_medium=email&utm_content=share&utm_campaign=email-share&triggerShare=true&isFreemail=true&r=hi2uf&triedRedirect=true

The Mwango Weekly

KQ Breaks 10-Year Loss Streak

The airline reported a KES 513M profit after tax, up from a KES 21.7B loss in H1 2023

Absa Kenya H1 24:

◾Total Assets: -4.4% to 481.4B
◾Customer deposits: +6.2% to 353.3B
◾Gross NPLs: +22.4% to 39.4B
◾Int Income: +29.3% to 32.6B
◾OPEX: +8.3% to 16.6B
◾Provisions: +0.3% to 5.2B
◾PAT: +28.9% to 10.7B
◾EPS: +28.8% to 1.97
◾Interim div: KES 0.2

In Kenya's Eurobond markets last week, yield on KENINT 2027 decreased by 62.30 basis points (bps) week-over-week (WoW) to 8.961%

Other WoW changes in yields (bps):
• KENINT 2028: -77.90
• KENINT 2031: -75.90
• KENINT 2032: -69.20
• KENINT 2034: -73.00
• KENINT 2048: -55.60