The Mwango Capital Podcast Mwango Capital

In this episode recorded on 14.05.2024, we host Nahashon Mungai - Executive Director, Global Markets at Standard Investment Bank to better understand SIB and its product, Mansa-X.
We also cover its regulation, the Kenya shilling and USD funds, risk management, management fees, and taxation.
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Show Notes
00:00:00 Introduction
00:01:43 SIB’s Business Model
00:06:41 Mansa-X
00:10:45 Regulation
00:11:51 KES and USD Fund
00:13:17 Custodian, Trustees, Diversification, and Liquidity
00:21:10 Financial Instruments and Tools
00:28:11 Management Fees and Risk Management 
00:32:11 Lock-In Period and the Compounding Effect
00:38:53 Risk of Losing Initial Capital
00:45:13 Competition, Huddle Rates, and Taxation


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In this episode recorded on 09.05.2024, we are joined by the Competition Authority of Kenya’s Cecilia Kyenze - Senior Analyst, Policy and Research and Ninette Mwarania - Manager, Policy and Research to discuss the institution's role in enhancing consumer experience with online food delivery platforms.
We also cover regulating online food and grocery delivery marketplaces, the duration of market inquiries, handling consumer complaints, enhancing consumer experience, and addressing consumer data concerns.
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Show Notes
00:00:00 Introduction
00:01:29 CAK’s Mandate
00:05:59 Market Inquiries
00:10:26 Prioritization and Duration of Market Inquiries
00:12:22 Inquiry Into Online Food And Grocery Delivery Platforms
00:22:43 After a Market Inquiry
00:26:05 Handling Complaints and Enhancing Consumer Experience 
00:30:13 Addressing Consumer Data Concerns
00:32:03 Regulating Online Food and Grocery Delivery Marketplaces
00:33:01 Conclusions, Recommendations, and Takeaways
00:39:13 Closing Remarks


This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit mwangocapital.substack.com

In this episode recorded on 13.03.2024, our guest host, Victoria Rubadiri, is joined by Risper Alaro - Group Finance Director at Centum Investment, Sheilah Birgen - Director at Digital Cooperation Organization, and Mercy Kimani - Managing Director at Dale Carnegie Kenya on a conversation about investing in women.
We also cover the differences women make in organizations, overcoming gender bias at the workplace, empowering women, and skills to better equip women.
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Show Notes
00:00:00 Introduction
00:14:18 Differences Women Make in Organizations
00:19:04 Overcoming Gender Bias at the Workplace
00:22:22 Empowering Women
00:25:50 Navigating Relationships With Men at The Workplace
00:29:45 Skills to Better Equip Women
00:33:41 Unconscious Bias Among Investors When Dealing With Women-Led Ventures
00:37:41 Lifting Women Through Leadership Ranks


This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit mwangocapital.substack.com

In this episode recorded on 11.04.2024, our guest host, Rhina Namsia, is joined by Kenya Mortgage Refinance Company (KMRC)’s Finance Manager - Erick Kimanzi Wambua, and Head of Internal Audit - Olive Gitau on a discussion about the path to affordable home ownership.
We also cover KMRC’s business model, KMRC’s rates vs bank rates, initiatives in the informal sector, and the impact of the housing levy on affordable housing.
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Show Notes
00:00:00 Introduction
00:00:53 Affordable Home Ownership and Challenges
00:05:20 KMRC’s Business Model and Facilitating Affordable Housing
00:11:00 Household Income and Loan Limits
00:13:09 Informal Sector Initiatives
00:21:34 Risk-Sharing Facilities, Mortgages, and KMRC Rates vs Bank Rates
00:30:08 Innovative solutions that KMRC has come up with
00:35:49 Subprime Mortgages and Future Outlook
00:41:16 FX Exposure and the Housing Levy Impact
00:47:39 Success Stories
00:52:46 Closing Remarks


This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit mwangocapital.substack.com

In this episode recorded on 26.03.2024, we host Lawrence Kimathi, Group Director Finance - KCB, as we break down the bank’s 2023 financial performance.
We also cover NBK’s sale, subsidiary performance, dividends, the G2G oil deal, and the bank’s 2024 outlook.
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Show Notes
00:00:00 Introduction
00:03:00 Local vs Multinational Banks
00:04:00 FY23 Results Overview
00:07:54 Customer Deposits, Gross Loans, and NPLs
00:18:35 NBK
00:23:10 Interest Income vs Interest Expense
00:26:18 Cost to Income Ratio and Subsidiary Performance
00:33:56 Capex and Dividends
00:36:27 The G2G Oil Deal 
00:38:59 Outlook for 2024


This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit mwangocapital.substack.com

In this episode recorded on 25.03.2024, we host Kihara Maina - Regional CEO and Billy Ng'etich - Acting CFO from I&M Group as we break down I&M Group’s 2023 financial performance.
We also cover interest income trends in a rising interest rate environment, monetizing digital transactions, risk-based pricing model, unlocking shareholder value, and subsidiary performance.
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Show Notes
00:00:00 Introduction
00:01:04 Overview of FY 23 Results
00:01:47 Interest Income vs Interest Expense
00:03:00 Non-Funded Income, NPLs, and Interest Income Trends
00:09:02 Bottom Line, ROE, and Investments
00:16:31 Lending Rate and Risk-Based Pricing Model
00:20:27 Strategy, Positioning, and Products
00:23:46 Dividend Payout Ratio and SLLR
00:28:46 Acquisition by East Africa Growth Holding
00:29:26 Unlocking Shareholder Value and Subsidiary Performance
00:32:51 Monetizing Digital Transactions and G2G Transactions
00:37:29 2024 Outlook


This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit mwangocapital.substack.com