@MwangoCapital - Mwango Capital
๐๐ก๐ข๐ฌ ๐๐๐๐ค'๐ฌ ๐๐จ๐ฉ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐๐ฐ๐ฌ ๐ข๐ง ๐๐๐ฆ๐๐ฌ: 1. Data from the UN Framework Convention on Climate Change showed that Kenya has a total of 765 delegates at COP 28. That is nearly twice the size of the EU delegation (396). #MwangoMemes
@MwangoCapital - Mwango Capital
@NguliMT @KenyansNoContxt @Brianmbunde @BrianGeorgeKE @OchiengJasper @swabrah @the_acemt @McOriaro 2. The UNFCC published the full list of party and overflow party delegates attending COP 28. What was notable was that a substantial number of people in the Kenyan delegation was made up of government officials as opposed to climate experts & researchers . #MwangoMemes
@MwangoCapital - Mwango Capital
3. President Ruto was this week heard saying that the cost of living is now lower than last year and that the economy is booming. Here is what Kenyans had to say: #MwangoMemesH
@MwangoCapital - Mwango Capital
4. Federation of Kenya Employers [ @FKEKenya] issued projections that 40% of employers plan to reduce employees to meet increasing operating costs in Kenya. This is in addition to employers shedding 70k jobs in the last one year. #MwangoMemes
@MwangoCapital - Mwango Capital
5. In more unemployment news, Unga Group [ @UNGAGroupPLC ] announces intention to lay off ~50 workers as the economic situation gets tough and the business comes under increased competition. #MwangoMemes
@MwangoCapital - Mwango Capital
6. Sameer Africa, Crown Paints, and WPP Scangroup are the latest listed companies to issue profit warnings to their investors. This brings to 12 the number of listed firms that are anticipating substantially lower earnings this year. #MwangoMemes
@MwangoCapital - Mwango Capital
7. #Ad Are you planning for your Coastal escape this festive season? Swipe your Co-op [ @Coopbankenya] Visa card at Sun and Sand and enjoy a 10% discount on your stay. Plan your getaway with Visa through: https://tinyurl.com/y9exm5xm #MwangoMemes
@MwangoCapital - Mwango Capital
8. Consumers and manufacturers have won a fresh reprieve after the Court of Appeal declined to lift an order stopping KRA from doubling excise stamp taxes on beer, bottled water, and cosmetics. #MwangoMemes https://t.co/PvdDVmzQ4E
@MwangoCapital - Mwango Capital
9. A restaurant owner has effected a new policy requiring all customers to pay for meals and services in dollars on account of the weakening Kenyan Shilling. "We want a stable business; the shilling is not stable.โ #MwangoMemes https://t.co/uTiqd2i3qo
@MwangoCapital - Mwango Capital
10. Jiangxi Transportation, a Chinese firm, has suspended the construction of a section of the 84km Kenol-Sagana-Marua Road following a delay in payment of KES 900M by the project financiers. Jiangxi Transportation to their workers: #MwangoMemes https://t.co/LNE9u4qLQj
@MwangoCapital - Mwango Capital
11. This week there was some temporary relief for Kenyans as the Housing Levy was declared unconstitutional. The relief is only temporary as the High Court issued stay orders on the ruling until January 10th. A knockout punch that was thorough from the High Court: #MwangoMemes https://t.co/CWPTQ2R2OZ
@MwangoCapital - Mwango Capital
12. In other news, the High Court has issued conservatory orders temporarily suspending the implementation of the new social health insurance Acts in Kenya until 7th February 2024. A live view of the High Court stopping this implementation: #MwangoMemes https://t.co/cv8MLrHLAU
@MwangoCapital - Mwango Capital
13. After facing near-closure last year, Sky Garden, a Kenyan e-commerce startup, has risen from the brink following Lipa Laterโs reported fresh investment of KES 250 M (~USD 1.6 M). A live reaction from Sky Garden: #MwangoMemes https://t.co/TYWEOCDnjb
@MwangoCapital - Mwango Capital
14. That's a wrap from the #MwangoMemes desk" ๐ค Thanks to our Chief Memes Officer @Wanjiku_Njuguna for compiling this. ๐ Have a lovely weekend & do enjoy more memes from our thread last week: #MwangoMemes
@MwangoCapital - Mwango Capital
Central Bank of Kenya Deputy Governor @koech_sk when asked about the worries over the Eurobond repayments: "Kenya will never default...Our debt levels are sustainable and the government has a plan" [@CBKKenya] #NCBAEconomicForum