Alex Malila JR

ENTREPRENEUR / INVESTOR / ECONOMIST/Founder & CEO ,Star Alliance capital Ltd

[Alex Malila JR @malilaAlex]

Make your money work for you.

[Mwango Capital @MwangoCapital]

More from the Cytonn ruling:

"As no security was executed by the SPVs unless proved otherwise, one may well conclude that the whole scheme was conceived with the objective of defrauding the investors/creditors"

Wueh.

[Moe @moneyacademyKE]

Cytonn has lost all 21 appeals, clearing the way for the liquidation of Cytonn High Yield Solutions and Cytonn Project Notes.

The Official Receiver will now move to recover over Sh11 billion for more than 3,000 investors.

Here is what happened in the thread below:

[NSE PLC @NSE_PLC]

Today, at the US–Kenya Business Forum in New York, President @WilliamsRuto celebrated the outstanding performance of the NSE over the past two years, noting its recognition as the best-performing Exchange in Africa in 2024.

He further noted that the NSE has set an ambitious target of securing 40 new listings by 2029, including the landmark USD 1.15 billion IPO of the Kenya Pipeline Company later this year.

The President also underscored Kenya’s commitment to innovative capital markets solutions, citing the successful issuance and listing of an infrastructure asset-backed security two months ago.

[Frank Mwiti @frank_mwiti]

President @WilliamsRuto at the US-Kenya Business Forum in New York: "Kenya is opening up new frontiers in its capital markets. By 2029, the @NSE_PLC will deliver 40 new listings - starting with the landmark Kenya Pipeline IPO by end of 2025."

[Alex Malila JR @malilaAlex]

“The stock market never really changes. Human nature never changes.” - Jesse Livermore

[NSE PLC @NSE_PLC]

Today, the @NSE_PLC registered the highest single-day trading turnover in 2025, driven by heightened activity across key counters. Most traded counters included:
@KeEquityBank
@SafaricomPLC
@kcbgroup
@AbsaKenya.

[Official Kenya Airways @KenyaAirways]

“In 2024 Kenya Airways reaffirmed progress in its turnaround strategy, Project Kifaru, resulting in the highest number of passengers that the airline has ever uplifted, the highest turnover and highest profit attained in the history of the airline.” - Michael Joseph
Chairman, Kenya Airways #KQFullYear2024

[Official Kenya Airways @KenyaAirways]

We are happy to announce that we have recorded the highest ever profit after-tax of KShs 5.4 billion for FY2024, marking our first profit in 11 years!
#KQFullYear2024

[Julians Amboko @AmbokoJH]

It's that season.

East African Breweries half year earnings (ended Dec '24) are out.

· Net earnings at Kes 8.11 billion, 19.57% up y/y
· Earnings boosted by Kes 1.18 billion worth of FX gains
· Finance costs have also eased considerably, 14.36% down y/y
· Net revenue flat at Kes 67.92 billion
· Interim dividend at Kes 2.50/share
· Cash position closed at Kes 14.09 billion

[Alex Malila JR @malilaAlex]

@HisaApp Your system is down for 2 days now.

[Mwango Capital @MwangoCapital]

Savannah Clinker Limited has announced a competing offer to acquire 100% of the ordinary shares of Bamburi Cement, challenging the previous bid by Amsons Industries:

—The Competing Offer price is KES 70.00 per share, while the original offer was KES 65.00 per share.
—The Competing Offer is in response to an earlier proposed offer by Tanzanian-based Amsons Industries (K) Ltd.
—Savannah Clinker Limited is a private company incorporated in Kenya & is wholly owned by Mr. Benson Sende Ndeta.
—Benson Ndeta was the majority shareholder of Savannah Cement Limited until 18th November 2022 when his shares were transferred to a third party. Savannah Cement Limited was placed into administration on 21st July 2023.
—The Competing Offeror plans to maintain the existing business operations and employment terms of Bamburi employees after the acquisition.
—The Competing Offer Document will be shared with Bamburi’s shareholders

[Alex Malila JR @malilaAlex]

#NewProfilePic

[Julians Amboko @AmbokoJH]

UPDATE: Telkom Kenya Ltd takeover

Following investigations into allegations of corruption & conflict of interest in the Kes 6.0 billion take-over of Telkom Kenya ltd in 2022, the Ethics & Anticorruption Commission (EACC) has recommended that the DPP press charges against:
· Former Treasury CS
· Former Treasury PS
· Controller of Budget
· Former Director for Public Investments & Portfolio Management
· Chairman Telkom Kenya
· CEO Telkom Kenya Ltd
· CFO Telkom Kenya Ltd
�� Chief Strategy & Business Officer Telkom Kenya Ltd
· Helios' transaction advisor

EACC holds that:

· Communication Authority never gave its green light for the takeover of Telkom Kenya Ltd
· The Office of the Attorney General never issued its legal opinion & neither was the AG's advice sought or incorporated into this transaction
· The takeover breached Regulation 40(3) of the PFM Regulations 2015 on supplementary appropriation since the transaction cannot be deemed to have been unforeseen or unavoidable

[Central Bank of Kenya @CBKKenya]

Results for Treasury Bond Tap Sale Issue No. IFB1/2023/6.5 dated 11/12/2023

[Central Bank of Kenya @CBKKenya]

Press release: Monetary Policy Committee Meeting

[Adam Khoo @adamkhootrader]

One of my investing heroes, Charlie Munger has died at age 99.

Besides being Warren Buffett’s right hand man and the Vice-chairman of Berkshire Hathaway, Charlie was instrumental in shaping Warren into the world’s greatest investor.

Charlie was the one who convinced Warren to stop investing in very cheap mediocre companies and to invest instead into superior companies, with strong economic moats even if it meant paying a fair price. Without Charlie’s influence, Warren would have never invested into some of his best investments like See’s Candy, Coca Cola, American Express and Apple (their most profitable stock to date).

It was this philosophy of only investing in the highest quality companies (as opposed to just cheap stocks) that I learnt from Warren and Charlie’s teachings. I owe much of my investing success to their generous teachings as well.

Charlie once said that the reason he and Warren were so successful was not because they were very smart. It was because they were less crazy and less stupid that the majority of investors in the world. This lesson really resonated with me.

After being in the markets for over 30 years, I have also realised that the reason most people lose money in the markets is because they do crazy and stupid things most of the time. They buy overpriced stocks and over-leverage because of greed, they sell underpriced stocks because of fear, they buy worthless assets because it’s been hyped by the media. They act irrationally most of the time.

As long as we can stay rational when everyone goes crazy and be less stupid that most investors, we can compound our money into millions and billions of dollars.

Thank you for the lessons Charlie, you will be missed!

[Muthukrishnan Dhandapani @dmuthuk]

Rarely wake up at this time. Happened to immediately see the news. Charlie Munger has just passed away at the age of 99. He would have been 100 coming January. An era has come to an end.

He was Buffett's partner for nearly 6 decades and has contributed equally to the success of Berkshire Hathaway.

He has lived a long fulfilling life. Along with Buffett, he has been responsible for educating investors of few generations on life, business and investing. Munger's philanthropy has touched many lives.

His legacy would live on.

RIP Charlie Munger.

Om Shanthi 🙏 🙏🙏

[Tim Cook @tim_cook]

A titan of business and keen observer of the world around him, Charlie Munger helped build an American institution, and through his wisdom and insights, inspired a generation of leaders. He will be sorely missed. Rest in peace Charlie.

[Mwango Capital @MwangoCapital]

Centum [@CentumPLC] H1 23 results [KES, YoY]

Company:
—Investment income: +152% to 1.8B
—Profit: +488% to 1.4B

Group:
—Investment income: +95% to 466.3M
—Profit/Loss: -426.4M [2022: -1.3B]
—OPEX: +38% to 315.8M
—Finance costs: -34% to 142.1M