Banking, finance, investments, aviation & motorsports across Africa.
Nairobi, Kenya
Joined July 2008
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- Following2.4K
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In Jensen Huang's picture of AI as a five-layer cake - energy at the bottom, then chips, then infrastructure, then models, and applications at the top - much of Africa can credibly compete in four of those five layers.
digitaleconomy.ke/post/the-f…
In its new #SustainableSafaricom report, Safaricom discloses that it has unlocked access to credit through the Fuliza overdraft service in 2026 for 11 million people who previously had a zero limit, raising the number of customers from 7 million to 18.1 million.
Bankelele retweeted
We need to go ham on rail. It will solve alot of logistical problems and significantly reduce congestion and road fatalities.
The National Bank of Rwanda seeks a firm to write a 65-year commemoration manuscript documenting its institutional journey, challenges, achievements, and outlook, suitable for policymakers, staff, researchers, and the public. @CentralBankRw EOI deadline is 17 Nov. #inthepapers
Another bank tune h/t @Wamathai .. looking out for more bank book, history and museum projects.
Now @SafaricomPLC has extended its operating & spectrum licenses in Kenya by 25 years to the year 2051. - in the new #SustainableSafaricom report.
What could Africa’s podcast industry be worth in 2026? Explore the $350–$600 million valuation: bankelele.substack.com/p/val…
Nominees for the AFIS Awards 2026 include African Banker/CEO (Ecobank, Zenith, FirstRand, NCBA & Nedbank tied), Insurer (Britam), Fund (Adenia, AfricInvest, Amethis), Central Bank Governor (Nigeria, SA, Zimbabwe, Angola) and Disrupter (Wave, Flutterwave, Yabx, Thunes). #AFIS2026
Applications are open for the AFIS Awards 2026. Send nominations for the best African Banker, Insurer, Fund, African Woman in Finance, Central Bank Governor and African Disrupter. @jeune_afrique will present the six awards in Angola in November.
lnkd.in/eePFT3Kb
Bankelele retweeted
🗓️ Save the date!
On November 3–4, 2026, over 1,250 financial leaders will gather in Luanda, #Angola for #AFIS2026 to discuss solutions to level up Africa’s financial systems.
The @WorldBankGroup through @IFC_org is proud to co-host this summit.
➡️ afis.africa/en/2026-annual-s…
Ahead of the @QuickmartKenya IPO close on October 30, the allotment of new shares to cornerstone investors has been adjusted to 48% as the UK govt @MOBILIST_Global (13%), Redwheel (8.7%) and 337 Frontier (13%) join the @IFC_org, which subscribed for 13%.
Senator Okiya Omtatah sues 22 government officials, including retired President Kenyatta, current & former Treasury cabinet secretaries, Auditor General, Central Bank Governor, and budget and audit officers, to recover Kshs 9.5 trillion in alleged fictitious debts. #inthepapers
Bankelele retweeted
South Africa's FirstRand eyes Kenya bank buyout by @BD_Africa's @GKngigi.
Would the leaning be corporate & investment banking or retail deposits & digital reach? Likely the latter.
Nedbank just consummated the NCBA Group buyout (66.0% stake).
Bankelele retweeted
Liberty Global sold its 21.2% stake in Wananchi Group at a loss of $1.08m (Sh140 million).
The company ended up with the stake in December 2022 when a loan of about $31.1m (Sh4 billion) it provided to Wananchi Group was converted into equity.
Liberty Global impaired the investment by $28.4m (Sh3.7 billion) between 2023 and 2025 before the sale to Axian Telecom.
Last year, Axian Telecom acquired 99.64% stake in Wananchi Group for a cash consideration of $8.3m (Sh1.08 billion) and paid $61.2m (Sh7.9 billion) in loans on behalf of the sellers.
Wananchi Group is the company behind Zuku.
Last year, Wananchi Group reported revenues of $70.5m (Sh9.17 billion).
$1 = Sh130
Expected, once but not twice, to be a (retail) co-investor with a Dangote team.
Bankelele retweeted
Can you tell what's wrong with these US$100 notes? Well, it turns out they're film props and NOT $100 bills, which I unfortunately realised today. So, here's a warning: always check the money you are given whenever you exchange or receive it. #travel #kymillmantravel #scammed
Bankelele retweeted
By the way applying for a Nigerian Visa - you need more documents than you need for the UK, US, Schengen.
And the process is longer. You even need the passport of the inviter.
A colleague is applying because someone decided to host a conference in Nigeria that he has to attend.
Bankelele retweeted
Moo-ve over, traffic! Our VIP cattle are taking to the skies in search of greener pastures.
Excited to have facilitated charter for the transportation of over 50 cows from Nairobi to Lagos through our @OfficialKQCargo charter services.
A big thank you to our client for trusting us with their cargo, and to our #KQCargo team and all stakeholders who worked together to make this operation a success.
#KQCargo #ThePrideOfAfrica
Bankelele retweeted
The KENYA AIRWAYS plane carrying 50 dairy cows from Kenya to Lagos
Can we have a cow emoji on it? FR??
@KenyaAirways @flightradar24
flightradar24.com/KQA2534/42…
