VICTOR AMADALA

Business Journalist
@TheStarKenya
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Dark humorist💀

[Finance Historian|Investor|Farmer @BoardLotSultan]

🚨 UPDATE ON CENTUM PLC 🧵
Following extensive consultations across our retail investor blocks, shareholders have officially resolved to escalate core capital allocation and governance grievances directly to the Chairman of the Board, Dr. Donald Kaberuka.

We have sought an audience with him through a detailed policy petition.
We explicitly expect these systemic issues to be accounted for in the upcoming earnings call. The oversight stops with the Board. 📄👇

#Centum #NSE #CorporateGovernance #RetailInvestors

[Sandeep Madan @Sandymadan]

I was invited to Kenya by @bharatthakrar (BT) to join his company @WPPScangroup in 2010.

BT and I disagreed on several issues over the years, but he was clear: keep the clients and the business growing, and he would not interfere but help you grow. He kept his promise. My team saw growth, I grew, and I worked the longest stint of my career at WPP Scangroup—13 long years. I made Kenya my home, made several friends, and built a life in Kenya.

[Finance Historian|Investor|Farmer @BoardLotSultan]

Full, raw details of the AGM here!

https://t.co/bVXQFyt9hm

[VICTOR AMADALA @ItsAmadala]

@Muthonikate1 Kindly share link

[VICTOR AMADALA @ItsAmadala]

The converged @SafaricomPLC @Safaricom_Care App has just cost me a money opportunity. What actually informed the mass mandatory migration decision?

[Hon.Moses Kuria,HSC @HonMoses_Kuria]

Kenya's cost of money in international markets has come down relative to our peers. This is the direct benefit of our 2 straight years of currency stability and other macro-economic indicators and positive credit rating. Kenya, Benin and Egypt are the only African natiions in the international bonds market. The straits of Hormuz have been opened. The war is over. Let parliament now go back and reverse the reactionary changes they passed yestrday. Totally unnecessary and panicky. Will erode the fiscal and monetary gains of the last 2 years!

[VICTOR AMADALA @ItsAmadala]

@KenyaPower_Care Kindly share tokens bought for this meter number 92113925140. It is urgent. Thanks

[VICTOR AMADALA @ItsAmadala]

@KaberiaCommoner Sharp boy

[Mwango Capital @MwangoCapital]

NCBA Group FY 2025 results [KES, YoY]:

⬛ Net interest income: +27.7% to 44.1B
⬛ Non-interest income: +3.8% to 29.3B
⬛ Operating income: +16.9% to 73.3B
⬛ PBT: +10.9% to 27.9B
⬛ PAT: +7.0% to 23.4B
⬛ Total assets: +7.5% to 716.0B
⬛ Loans: +5.0% to 317.2B
⬛ Deposits: +5.9% to 531.9B
⬛ Provisions: +46.3% to 8.0B
⬛ EPS: +7.0% to 14.20
⬛ DPS: +29.1% to 7.10

[VICTOR AMADALA @ItsAmadala]

BREAKING: The first photos of @realDonaldTrump in active negotiations with Iran.

[VICTOR AMADALA @ItsAmadala]

#NikoKadi, je wewe?
Veery ready for 2027.

[CPA Wachira Joseph @WashiraX]

KRA has a new weapon.

One that will make banks tremble when borrowers default.

In simple terms,

When a bank gives you a loan, it come in 2 components:

- The principal (the money you borrowed)

- The interest (the bank’s income)

When borrowers default, banks usually curse them. And declare the loan a bad debt.

And for years, all banks proceeded to deduct both the principal and the interest from their taxes.

Meaning, KRA quietly absorbed part of their loss.

But things have changed.

KRA has won a major case against Premier Credit.

The ruling backs KRA’s position that:

- The principal portion of a loan is not tax deductible. It is a capital loss. Capital can not be deducted from taxes.

- Only the interest is tax deductible. Interest is income. This lost income can be deducted from taxes.

This means.

- When a borrower defaults, the bank loses the principal.

This is a serious blow for lenders.

Because the principal is usually the largest part of the loan.

It means bad lending behavior will now hurt much more.

Banks will have to be far more careful about who they lend to.

But before you celebrate and say wacha wapigwe.

Understand what this means for you as a borrower:

- Banks will issue fewer uncollateralized loans.
- There will be stricter CRB screening.
- Banks will introduce more hidden charges.
- Banks will hire more mean looking recovery agents.

In short,

Access to easy credit is about to become... harder.

[Pesa Wall @PesaWall]

Sidian Bank continued to attract deposits from Gov't institutions, with latest financials showing KEMSA and Communications Authority of Kenya made their first deposit with the bank in the last financial year.

Sidian grew customer deposits by Sh33.6B in the first 9 months of 2025

[Julians Amboko @AmbokoJH]

Two very important developments from Kenya's Communication Authority:

· It has slashed the Mobile & Fixed Termination Rate (MTR) from Kes 0.41/minute to Kes 0.37/minute effective March 1st, 2026 running through Feb 28th, 2027
· It has provided a four year pathway on how MTR will be scaled down between 2027 & 2030 to Kes 0.30/minute

The last time we saw mobile termination rates being lowered was March 2024 when this revised to Kes 0.41/minute from Kes 0.58/minute.

Welcome development for the market, especially Airtel & Telkom, & certainly a welcome development for we the consumers.

[FRANKLIN @WaruhiuFranklin]

A portfolio with Safaricom, EABL, KCB, HFCK, DTB, COOP, KPLC, Kenya Re has delivered an average return of about 60% to 80% YTD (excluding dividends) depending on allocation and rebalancing. Dividends will boost total returns for most of these stocks.

This portfolio outperformed NSE indices like NASI which is up +49.5% YTD due to heavy exposure to the best performing stocks like KPLC, HFCK and Kenya Re.

In Q2 2026 you will need to rebalance your portfolio. This means trimming your winners and accumulating more of the laggards (underperforming stocks). I will reduce the exposure to KPLC, HFCK, DTB, COOP, KCB, EABL and accumulate more Safaricom, StanChart, Stanbic, I&M, Kenya Re, and Car & General shares. I would allocate more weights to StanChart, I&M, Safaricom and Car & General in 2026.

Learn more about allocation (weights) and portfolio rebalancing.
@kahome_steve and I are hosting a personal finance and investment masterclass beginning from 12th to 30th January.

Early Bird Offer: KES8,500
Pay via MPesa Till: 8536314
WhatsApp @kahome_steve via 0793 410 596 to be added to the class.

[Julians Amboko @AmbokoJH]

The Office of the Auditor General has flagged very significant gaps in the National Infrastructure Fund Bill No.1 2026.

Breakdown below:

· Clause No.5 empowers the Fund to borrow money but lacks explicit alignment with Article 206 of the Constitution & the Public Finance Management Act Cap 412A, (2012). The Office says this may lead to loopholes in the management & oversight of public funds

· Clause No.6 on the constitution of the fund's board needs re-design to have some non-independent Directors with knowledge of matters on national infrastructure development in addition to the Principal Secretary to National Treasury

· Clause No.12 empowers to the Board to invest in projects by way of equity and debt, surrender and dispose, but fails to be specific on procedural safeguards, specifically on competitive bidding or public auction, as required under the provisions of the
Public Procurement and Asset Disposal Act, Cap. 412c, 2015

· Clause No.13 vests the mandate of remuneration of the Directors to the Cabinet Secretary, The National Treasury and does not mention the need for consultation with the Salaries & Remuneration
Commission (SRC)

· Clause No.21 Bill provides a wide mandate to the Board on developing an investment policy & monitoring the investment agreements, without making reference to The Investment Promotion Act (Cap 485B) which through Sec27, provides
similar powers to the National Investment Council

· Clause No.24 makes reference to development of standards by the Cabinet Secretary on the conduct of competitive tender processes, public participation, and timelines. However, all the indicated/mentioned areas are expressly provided for in the Public Procurement and Asset Disposals Act, 2012 & its Regulations, 2020. There is therefore, a
potential risk of overlap &/or conflicts between the laws

· Clause No.33 on withdrawals from the National Infrastructure Fund bypasses the Controller of Budget's mandate to authorise withdrawals from public funds. This creates a legal loophole where funds could be moved without the constitutional and PFM Act,2012 thresholds.

[Mwango Capital @MwangoCapital]

KenGen wants to sell power directly to large industrial consumers, opening up competition with Kenya Power once EPRA operationalises open access regulations.

The push follows mounting payment delays from Kenya Power, which owes the KenGen ~KES 16.65B as of June 2025

More: https://t.co/IdCm0N43xc

[Finance Historian|Investor|Farmer @BoardLotSultan]

BANKS dividend announcements! 🏦
​Here’s the lineup:
🔹 March 5: Absa
🔹 March 11: Stanbic & KCB
🔹 March 13: Co-op
🔹 March 17: Equity
🔹 March 18: SCBK
🔹 March 19: I&M
🔹 March 20: DTB
🔹 March 23: Citi & HF
🔹 March 24: Family, Prime Bank
🔹 March 25: Kakuzi
🔹 March 26: NCBA

[Ruth Nankabirwa Ssentamu @NankabirwaRS]

In Nairobi, I signed on behalf of @GovUganda to formalize our participation in the IPO of the Kenya Pipeline Company (KPC) @kenyapipeline . Through the Uganda National Oil Company @UNOC_UG , Uganda will secure a strategic stake in this critical regional energy asset.

[Nipashebiz.co.ke @nipashebiz]

Are you a Samsung lover?

Note that you have a chance to win:

~Galaxy Buds3 Pro
~Galaxy Watch8
~A brand new 98-inch Crystal UHD TV only by registering for the #GalaxyUnpacked virtual watch party set for February 25 at 9:00 pm

REGISTER to WIN
https://t.co/iG1zNNcF8O

@SamsungMobileKE
#GalaxyAI