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The Mwango Capital Podcast

The Mwango Capital Podcast

Mwango Capital 167 Episodes Oct 25, 2026

The Mwango Capital Podcast breaks down businesses and helps listeners understand markets in East Africa. It provides analysis and insights into the regional economy, investment opportunities, and company performance. The podcast is produced by Mwango Capital, a financial advisory firm based in Kenya.

Episodes

Understanding KenGen’s FY 2026 Results
Understanding KenGen’s FY 2026 Results Oct 25, 2026 3247 In this episode, recorded on 11 September 2026, we sit down with Eng. Peter Njenga (CEO, KenGen) to dissect the utility's FY26 performance, marked by a 6.4% revenue increase and a Profit After Tax of KES 10.35 billion. We explore the board's decision to retain earnings for its aggressive capacity expansion, the shift toward public-private partnerships and wellhead leasing to fund a massive 10-year
The Dangote Refinery IPO—How Can E. Africans Invest
The Dangote Refinery IPO—How Can E. Africans Invest Oct 23, 2026 2683 In this episode recorded on October 21, 2026, we sit down with Karimi Warui and Divine Olumese from Renaissance Capital to dissect how East African investors can access the Dangote Petroleum Refinery listing. We explore the structural architecture of inward GDRs, the pricing mechanics bridging the NGN 525 offer price and the KES 53.50 GDR price, dividend pass-through and voting rights for local in
Understanding the Quickmart IPO
Understanding the Quickmart IPO Oct 20, 2026 3183 In this episode recorded on October 15, 2026, we sit down with Martha Osier (Partner, Adenia Partners), Simon Macharia (CFO, QuickMart), and Jacques Dôme (Managing Director, QuickMart Kenya) to dissect QuickMart's KES 15 billion public offering. We explore the rationale behind the secondary offer for sale, how the business sustains negative working capital alongside an 80% dividend payout ratio, s
Understanding the National Infrastructure Fund
Understanding the National Infrastructure Fund Oct 17, 2026 3501 In this episode recorded on September 15, 2026, we sit down with Dr. James Mworia (founding CEO, National Infrastructure Fund) to examine the architecture, governance, and mandate of Kenya’s newly established DFI. We explore NIF's SPV project finance structure, its private capital crowding-in target, the redeployment of privatisation proceeds into productive infrastructure, the bankability and ris
The Pressure to Look Successful
The Pressure to Look Successful Oct 12, 2026 2603 In this episode recorded on August 25, 2026, we sit down with Anthony Brian Otieno (General Manager, TekEasy Kenya) to examine the financial, social, and psychological pressures facing young men in Kenya. We explore how social media compresses perceived success timelines, the trap of benchmarking wealth against visible scorecards like cars and premium devices rather than cash flow and equity, the
Understanding Quickmart’s Intention to List
Understanding Quickmart’s Intention to List Oct 2, 2026 1764 In this episode, recorded on September 23, 2026, we sit down with Gregory Waweru (CEO, SBG Securities) to dissect QuickMart's planned listing on the NSE. We explore the role of an Intention to Float (ITF) ahead of a formal prospectus, the mechanics of Sokoni Retail's 50% secondary equity sell-down, QuickMart's financial track record scaling revenue to KES 50.4 billion, lease-heavy balance sheet st
Understanding the Dangote Refinery IPO
Understanding the Dangote Refinery IPO Sep 29, 2026 3109 In this episode recorded on September 17, 2026, we sit down with Samuel Sule (CEO, Renaissance Capital Africa) and Divine Ulamasi (Analyst, Renaissance Capital Africa) to dissect the investment thesis behind the Dangote Refinery IPO. We explore Nigeria's broader macroeconomic shift following fuel subsidy removals and naira liberalisation, the refinery's high Nelson Complexity Index rating and $2.4
NSE vs. Wall Street : Where’s the Money?
NSE vs. Wall Street : Where’s the Money? Sep 28, 2026 2831 In this episode, recorded on September 8, 2026, we sit down with Leah Wakarima (Operations Lead, Hisa) and Gertrude Njeri (Head of Research, Hisa) to examine the structural dynamics of the Nairobi Securities Exchange relative to global financial centers like Wall Street. We explore how Hisa is dismantling retail access barriers through fractional shares and dual-currency wallets, the factors power
Understanding the I&M Group H1 2026 Results
Understanding the I&M Group H1 2026 Results Sep 23, 2026 2071 In this episode, recorded on August 27, 2026, we sit down with David Ngata (Group Chief Financial Officer, I&M Group) to dissect the group's H1 2026 financial results. We dive into the key drivers behind the Group’s performance, the Group's "phygital" branch network rollout, front-loaded loan loss provisioning, and how regional operations in Rwanda, Uganda, Tanzania, and Mauritius are expanding th
Understanding EABL FY 2026 Results
Understanding EABL FY 2026 Results Sep 19, 2026 2603 In this episode, recorded on September 2, 2026, we sit down with Justin Mollel (Group CFO, East African Breweries PLC) to dissect the group's FY26 financial performance. We explore how broad-based, volume-led growth across Tanzania, Uganda, and Kenya drove net sales to KES 146 billion ($1.12B), the strategic shift to a 50-50 fixed-and-floating debt mix, how cost-productivity initiatives offset raw
How Credit Bank is Powering SME Growth in Kenya
How Credit Bank is Powering SME Growth in Kenya Sep 16, 2026 2689 In this episode, recorded on August 11, 2026, we sit down with Charles Kibaara (Chief Manager Operations & Branches, Credit Bank) to break down the bank's core focus on small and medium-sized enterprises across Kenya. We explore how Credit Bank is leveraging its T24 core banking upgrade for instant digital bid bonds, the impact of DFI-aligned governance standards from ShoreCap's investment, liquid
Understanding Absa Bank Kenya H1 2026 Results
Understanding Absa Bank Kenya H1 2026 Results Sep 14, 2026 1683 In this episode recorded on August 18, 2026, we sit down with Diana Mwaniki (Acting CFO, Absa Bank Kenya) in her debut Spaces appearance to dissect the lender's H1 2026 results. We explore how strong credit disbursement momentum and lower funding costs helped counter rate-cycle margin compression, the factors enabling a 150% boost to the interim dividend, and how non-funded revenue from newer capi

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