Bankelele

Banking, finance, investments, aviation & motorsports across Africa.

[East African Development Bank @EADB_Official]

And just like that, the #FEASSA2026 Games come to a close.

What a week it has been! From intense competition to moments of sportsmanship, East Africa’s young athletes showcased talent, discipline and resilience every step of the way.

Congratulations to all the teams, athletes and schools who took home medals, trophies and individual accolades.

EADB is proud to have partnered with FEASSA in supporting the growth and nurturing of young sporting talent across East Africa.

Here’s a look back at the moments that brought the Games to a memorable close.

#FEASSA2026 #EADB #EastAfrica

[Bankelele @bankelele]

For 2026/2027 PPP allocates funding to 48 political parties including UDA 550 million, ODM 293M, Jubilee 128M, Wiper 68M, DAP-K 30M, Amani (wound-up) 25M, Ford-K 24M, KANU 23M, MaendeleoChap 12M, PAA 11M, TSP 10M, PLP (was Narc-Kenya) 7.3M, Narc 5M and 1M to the Communist Party.

[Bankelele @bankelele]

Reduced taxpayer funding to political parties including 480M to UDA (down -78M), ODM 256M (down -42M), Jubilee 112M, Wiper 60M, DAP-K 27M, Ford-Kenya 21M, KANU 20M, Maendeleo Chap 10M, PAA 10M, TSP 8M, DP, Narc & PNU 4M each and Communist Party 0.8M while Amani is out #kwagazeti

[Bankelele @bankelele]

@anthony_kerui Trace the history of Nairobi's Meridien Hotel.

[Mungai Kihanya @mungaikihanya]

It started if as The Grand Regency.
Then Goldenberg scandal exploded; it was sold and changed to Laico Regency.
Then Covid19 hit and it closed. Now reopened as Iconic Plaza Hotel.

I'm probably it's first client. Here today with a team from Salaam Microfinance Bank...

[Bankelele @bankelele]

The best financial return that a company can get from its #AI investment is by loading its health insurance contracts into LLM's to find hidden savings inside the long documents that confuse employees and HR departments - Mark Cuban. https://t.co/ztyypQMhje

[Bankelele @bankelele]

@FrankHook There are a stories circulating, not about work pressure.

[Kenyan Wall Street @kenyanwalstreet]

Alliance High School results for the year ended 30 June 2025:

▸ Total receipts fell 15.4% to 215.80 Mn as infrastructure grants dropped 87.6%

▸ Surplus fell 87.0% to 4.02 Mn from 31.00 Mn

▸ Cash fell 20.6% to 47.97 Mn, while operating cash flow swung to a 14.50 Mn outflow

▸ Receivables rose 7.0% to 59.17 Mn, while payables fell 32.1% to 26.59 Mn

▸ Student population fell 21.5% to 1,565, while the KCSE mean score improved to 10.28

[Ory Okolloh-Mwangi @kenyanpundit]

If you had a blank cheque to spend on media in Africa taking into account both the young demographics, online and offline (still huge) and need for content diversity, what would you build?

[Bankelele @bankelele]

Don't mess with Storm.

[Mwango Capital @MwangoCapital]

Harley Berry Limited, a supplier to Kenya Power, has lost a KES 317.9M VAT dispute after the Tax Appeals Tribunal upheld KRA’s assessment for 2022–2024:

—The Tribunal found that Harley Berry failed to provide supporting invoices, supplier confirmations or bank statements, and did not file a single document required under Section 17(3) of the VAT Act to substantiate its input VAT claims.

—Harley Berry was previously awarded a KES 2.9B Kenya Power contract for 320,800 smart meters in 2023, a deal that later drew parliamentary and Senate scrutiny, although the inquiries did not establish corruption or irregularity against the company.

Link to case: https://t.co/2jq8m6JLwH
Link to article: https://t.co/w7QbkJDIcb

[Bankelele @bankelele]

A Kenyan man started a firm called "Harley Berry Ltd" that quickly won a contract to supply electricity meters?! https://t.co/W0rFxF23u3

[Bankelele @bankelele]

@mohammedhersi Wilson Airport is fast turning into a residential estate.

[Gridless @GridlessCompute]

It's four years now at Gridless, and a wild ride it has been. Thank you everyone for your support along the way!

Here's a long-read on how we're thinking about the future.

https://t.co/2QoJrv9WwT

[Samora Kariuki @SamoraKariuki]

This is easily my most viral post. The comments are wild. What started as a simple observation has easily fed into SA vs Rest of Africa drama.

[Timothy Kibet @timexx47]

Citigroup staffer felt demoted when posted to Kenya from North America. 2 branches only. Few years later I asked how's been. Apart from many things, it's the unexpected scale of transactions and businesses they handle here. He clearly said Kenya economy is underated & much bigger

[Bankelele @bankelele]

@TioKauma EAA was messy to run. Let each country develop their own niches.

[Bankelele @bankelele]

@shaaka777 @mukulaa An EAA CFO would propose changes and financial decisions that would be undercut by EAC political demands. See the Weekly Review ~1975

[Abojani Investment 🇰🇪🇺🇬🇹🇿 @TheAbojani]

Charlie Robertson, Equity Group’s Chief Economic Advisor, had only five minutes to speak about East African markets at yesterday’s H1 2026 Investor Briefing.

He ended up speaking for more than 10 minutes, with the room hanging on his every word.

Here are some of his key insights:

1. Within a few months, Uganda is expected to be exporting as much oil per capita as Nigeria. The country will probably record 10% calendar-year growth next year.

2. Rwanda is seeing a boom in construction, real estate, and airports, with growth of 10% in Q1 2026.

3. Tanzania is undergoing economic reforms, with Eurobonds on the way, debt being issued to foreign investors, and electricity transmission opening up to multiple competitors.

#Equity2026HYResults @KeEquityBank

[Bankelele @bankelele]

Nice lunch chat reminiscing about Ideos, Nokia E63, Chess Sundays, how Microsoft killed Nokia, Google killed GChat (Talk) etc.

[Bankelele @bankelele]

The World Bank has sanctioned Webmasters Kenya for five years. https://t.co/Gr0Md58rDt

[Bankelele @bankelele]

Banks can drive ‘nature-positive’ outcomes by tightening their lending.. Ecobank’s group head of sustainability on the lender’s inaugural nature bond across 24 African markets. https://t.co/a86S10JisF

[Joe Pompliano @JoePompliano]

Walter owns an asset management firm and insurance companies. He uses premiums at his insurance companies to make loans to companies he owns. This is usually OK, but you can't do it too often, and you have to disclose it. Walter did it a lot and didn't disclose it. Now he is trying to unwind deals to pay back the loans because the DOJ is investigating him. The Lakers deal gets him a good chunk of the money, but he likely needs another few billion by year-end. He can either raise money privately — Bloomberg says he is trying to do that by offering double-digit yields and using his personal stake in his asset management firm as collateral — or sell off assets to make up the difference. It's tough to tell what will happen, but I think every option is on the table, including selling the Dodgers, Chelsea, Sparks, PWHL, and his motorsports investments across NASCAR, IndyCar, and F1.

[Bankelele @bankelele]

@Mwirigi au contraire!

[Burakkuhōku @mutindah]

The line to Mombasa is not just to a holiday destination, It traverses peoples rural areas and for many it is a means back home from work, school etc. Sultan Hamud, Makindu, Mtito, Voi.....