Mwango Capital
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https://mwangocapital.com/ 01-11-2020 10:45:55
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There are significant amounts due between now and 2033 for Sub-Saharan countries:
'[They] will be forced to either refinance their bonds issuing new paper at yields well above 10%, or cut government spending to find the money to repay foreign investors' - Javier Blas
CAK [Competition Authority of Kenya] has approved 2 purchases of assets by Nava Apparels:
1️⃣ Those of Ashton Apparel EPZ, retaining all 2,541 employees.
2️⃣ Those of Mombasa Apparel EPZ, keeping all 4,478 employees.
Both acquisitions ensure employee retention under favorable terms.
The Competition Authority [Competition Authority of Kenya] has authorized the acquisition of BAAM Property LLP by Pulchra Holdings Limited:
The Gazette this week has the petition of Pezesha Africa [Pezesha (means capital enabler)] for the liquidation of Marketforce Technologies [MarketForce].
The petition will be mentioned before the High Court court at 9 a.m. on the 11th March 2024.
Net foreign flows (USD) at the NSE:
▪️2020: -261.6M
▪️2021: -90.6M
▪️2022: -197.9M
▪️2023: -79.1M
[Data: Standard Investment Bank]
Data on Kenya for the 10 months to October 2023:
—Total exports up 14% to KES 831.4B while imports up 1% to KES 2.12T
—Exports to Uganda up 45% to KES 96B (11.5% of total exports)
—Key exports to Uganda include iron/steel (KES 7.39B) & petroleum (KES 5B)
[BusinessDaily]
Travelers to Kenya will pay USD 30 for ETA.
How much others charge for ETAs:
—Australian: AUD 20.
—New Zealand: NZD 17 (app)/NZD 23 (website)
—Canadian: CAD 7.
—US: USD 21.
—South Korea: USD 8
—UK: GBP 10.
—Schengen Area: EUR 7
—Seychelles: USD 55
[H/t Oliver Mathenge]