Economics, Finance, Political and Social Commentary
Kenya
Joined March 2017
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Mwathi Doktari retweeted
Ethiopia is building 1.5 million homes without forcing a housing levy on it's workers. The Ruto regime has not even completed 50,000 houses 4 years after imposing a housing levy on pay slip holders. Levels.
Mwathi Doktari retweeted
Importers of used motor vehicles take note.
It looks like we are headed for yet another change as far as the Current Retail Selling Price schedule used by the Revenue Authority is concerned.
This means a potential change in the approach applied for computing customs value of imported used motor vehicles.
Commissioner General says the Revenue Authority is engaging the Motor Vehicle Industry for "introduction of CRSP Version II".
Mwathi Doktari retweeted
#hotoffthebench
Justice Mohochi holds that in abduction and enforced disappearance cases, petitioners need only establish probable State involvement. The burden then shifts to the State to disprove its responsibility.
Petitioners cannot be held to a higher standard of proof.
Mwathi Doktari retweeted
It is cheaper to buy out IPPs and idle them then buy power from Ethiopia, only if the line can handle the surge.
Ethiopia is selling electricity to Kenya at 6.5 US cents per kilowatt-hour, placing its bulk power export tariff among the lowest in a regional comparison
birrmetrics.com/ethiopia-sel…
Mwathi Doktari retweeted
Here's a good read for those who don't know the story in Turkey:
reuters.com/world/middle-eas…
Mwathi Doktari retweeted
Dear Kenya 🇰🇪,
This is almost exactly how things looked in Turkey before the fund scandal. Be careful out there.
A friend
Mwathi Doktari retweeted
This!
I will keep saying showing up is one of the greatest form of love.
Standing by people whom you treasure through it all.
Mwathi Doktari retweeted
I did it again. Gathered all my broken pieces, turned the pain into purpose, and channelled every bit of it into a new joint.
Because sometimes rebuilding yourself looks less like healing and more like creating something extraordinary out of what tried to break you.
Bent, but never broken.
Mwathi Doktari retweeted
Airtel Money has integrated with Pesalink, allowing customers to transfer money directly from their mobile wallets to accounts at 30 banks, SACCOs and microfinance institutions.
The service is available through the MyAirtel app and USSD code *334#, eliminating the need to withdraw cash before making bank deposits.
The partnership also lays the groundwork for future cash deposits and withdrawals through Airtel Money agents and direct merchant payments via Pesalink, although no rollout dates have been announced.
Mwathi Doktari retweeted
You can never outmoney / outsmart bad governance. Nobody is above the program. This is what we have been saying but it seems like experience is the best teacher. Wachaneni na president anajenga Rironi-Mau Sumit. 🤷🏽♀️😩
I think H.E @WILLIAMSRUTO should read the riot act to the security chiefs still holding Lawyer ABSHIR ABDI. How can security organs snatch him from the street and hold him this long? Some of us rightly defend the record of this government and we proudly stand tall for the vision and ideas that drive it...AND WE WILL CONTINUE doing so. But somethings are PLAINLY STUPID FOR GOVERNMENT...When you have someone snatching a young lawyer from Mandera and holding him despite the orders from court that he released, what can you say? Let us assume ABSHIR was planning to overthrow the government of President Moi and install himself as President of Kenya. Thankfully, the treason failed. His attempt to take power has failed and no blood was shed. He was subsequently arrested for treason and planning to overthrow the legitimate government of Kenya...SO WHAT? Hundreds of Kenyans were tried for treason in the 1980s...it is a serious offence...but as a constitutional democracy we try serious offences in our courts. We are not a banana republic that snatches people from the streets and hold them in holes underground. Mr...President please order the idiots holding ABSHIR ADVOCATE to take him to court or release him immediately.
Mwathi Doktari retweeted
Rigathi Gachagua, while addressing mourners at Kahawa West in the presence of former President Uhuru Kenyatta, delivered a masterclass in political storytelling, using folklore, symbolism and irony to recount his political fallout with President William Ruto. In a tale featuring a man he called Baba Ngina, entrusted with grazing a herd of goats for ten years, Gachagua narrated how the man hired a helper but gradually noticed that baby goats were disappearing.
After counting the herd and discovering the losses, Baba Ngina reportedly realized that the helper was devouring the goats. Although he had promised to hand over the herd to his assistant after ten years, he reconsidered and began looking for a successor. Gachagua, however, insisted that the arrangement could not be changed. Baba Ngina eventually disclosed that the helper was a leopard disguised in goatskin, but Gachagua refused to heed the warning.
The allegory carries considerable political irony, particularly given the events surrounding the 2022 presidential election. Uhuru had championed the yangu kumi, ya Ruto kumi succession understanding, but their political relationship deteriorated, with the former president backing Raila Odinga while Gachagua mobilised the Mt Kenya electorate behind Ruto, who ultimately won the presidency. Gachagua subsequently became Deputy President before falling out with Ruto and being impeached in October 2024.
Mwathi Doktari retweeted
Africa just pulled off its biggest IPO in history, and the demand was huge.
Dangote’s refinery attracted about $4.1 billion in bids for its listing, roughly 2.5 times the $1.6 billion it set out to raise. $1.9 billion came from Nigerian investors and $2.1 billion from international buyers.
For context, Quickmart’s IPO last week drew KES 18.4 billion in bids, about $142 million. Dangote attracted roughly 29 times that.
Two lessons for Kenya:
1. The money is there. Investors, local and foreign, will show up when the company is big, profitable and strategic. Dangote is the largest refinery in Africa.
2. Foreign capital follows scale. More than half of Dangote’s demand came from outside Nigeria. Kenya’s market is too small for most global funds to bother with, and the only fix is listing bigger companies.
African capital markets aren’t dead. They’re starved of quality listings.