The Mwango Capital Podcast

In this episode, recorded on 3 November 2026, we sit down with Nancy Kinyanjui (Managing Director, Avenews Kenya ) to examine how the company is addressing working capital constraints in Kenya’s agricultural supply chain. We explore its invoice financing model, which allows businesses to access up to 85% of approved invoice values, revolving credit facilities of up to KES 6M, and risk-based pricin...

In this episode, recorded on 13 October 2026, we sit down with Mendi Njonjo (Managing Director, KCB Foundation) to examine the foundation’s approach to social investment, focusing on education, youth employment, enterprise development, and sustainable livelihoods. We discuss the KCB Scholars Programme, which has supported over 5,000 students, with a 99% secondary school completion rate and 84% tra...

In this episode, we sit down with Rina Hicks (Chief Operating Officer, Faida Investment Bank) and Ian Kahangara (Chief Investment Officer, Faida Investment Bank) to discuss building diversified investment portfolios beyond money market funds. We examine portfolio construction based on financial goals, investment horizons, liquidity needs, and risk tolerance, including the role of emergency funds,...

In this episode, recorded on 18 September 2026, we sit down with Stephen Kinadira (General Manager, Finance, Kenya Power ) to unpack the utility’s FY26 financial performance, marked by an 8.6% revenue increase to KES 238.2B and Profit Before Tax of KES 25B. We examine the 26.7% rise in operating expenses, improved network efficiency, declining finance costs, and the return to positive working capi...

In this episode, recorded on 26 October 2026, we sit down with Francis Mwangi (CEO, Kestrel Capital ), Simon Macharia (CFO, Quickmart ), and David Kanyi (Portfolio Lead, Wealth and Empowerment, Safaricom ) to discuss investing through Ziidi Trader, including share ownership, trading costs, order execution, and dividend payments. We examine Quickmart’s KES 15B IPO, its financial performance, valuat...

In this episode, recorded on 29 September 2026, we sit down with Gertrude Njeri (Head of Research and Customer Engagement, Hisa) and Umar Ahmed (Product Lead, Hisa), hosted by Rhina Namsia, to explore how retail investors can access the Nairobi Securities Exchange (NSE) and US stock markets through Hisa. We discuss fractional share investing from USD 1, Kenyan shilling and US dollar wallets, curre...

In this episode, recorded on 11 September 2026, we sit down with Eng. Peter Njenga (CEO, KenGen ) to dissect the utility's FY26 performance, marked by a 6.4% revenue increase and a Profit After Tax of KES 10.35 billion. We explore the board's decision to retain earnings for its aggressive capacity expansion, the shift toward public-private partnerships and wellhead leasing to fund a massive 10-yea...

In this episode recorded on October 21, 2026, we sit down with Karimi Warui and Divine Olumese from Renaissance Capital to dissect how East African investors can access the Dangote Petroleum Refinery listing. We explore the structural architecture of inward GDRs, the pricing mechanics bridging the NGN 525 offer price and the KES 53.50 GDR price, dividend pass-through and voting rights for local in...

In this episode recorded on October 15, 2026, we sit down with Martha Osier (Partner, Adenia Partners), Simon Macharia (CFO, QuickMart ), and Jacques Dôme (Managing Director, QuickMart Kenya ) to dissect QuickMart's KES 15 billion public offering. We explore the rationale behind the secondary offer for sale, how the business sustains negative working capital alongside an 80% dividend payout ratio,...

In this episode recorded on September 15, 2026, we sit down with Dr. James Mworia (founding CEO, National Infrastructure Fund) to examine the architecture, governance, and mandate of Kenya’s newly established DFI. We explore NIF's SPV project finance structure, its private capital crowding-in target, the redeployment of privatisation proceeds into productive infrastructure, the bankability and ris...

In this episode recorded on August 25, 2026, we sit down with Anthony Brian Otieno (General Manager, TekEasy Kenya) to examine the financial, social, and psychological pressures facing young men in Kenya. We explore how social media compresses perceived success timelines, the trap of benchmarking wealth against visible scorecards like cars and premium devices rather than cash flow and equity, the...

In this episode, recorded on September 23, 2026, we sit down with Gregory Waweru (CEO, SBG Securities ) to dissect QuickMart's planned listing on the NSE. We explore the role of an Intention to Float (ITF) ahead of a formal prospectus, the mechanics of Sokoni Retail's 50% secondary equity sell-down, QuickMart's financial track record scaling revenue to KES 50.4 billion, lease-heavy balance sheet s...

In this episode recorded on September 17, 2026, we sit down with Samuel Sule (CEO, Renaissance Capital Africa) and Divine Ulamasi (Analyst, Renaissance Capital Africa) to dissect the investment thesis behind the Dangote Refinery IPO. We explore Nigeria's broader macroeconomic shift following fuel subsidy removals and naira liberalisation, the refinery's high Nelson Complexity Index rating and $2.4...

In this episode, recorded on September 8, 2026, we sit down with Leah Wakarima (Operations Lead, Hisa ) and Gertrude Njeri (Head of Research, Hisa ) to examine the structural dynamics of the Nairobi Securities Exchange relative to global financial centers like Wall Street. We explore how Hisa is dismantling retail access barriers through fractional shares and dual-currency wallets, the factors pow...

In this episode, recorded on August 27, 2026, we sit down with David Ngata (Group Chief Financial Officer, I&M Group ) to dissect the group's H1 2026 financial results. We dive into the key drivers behind the Group’s performance, the Group's "phygital" branch network rollout, front-loaded loan loss provisioning, and how regional operations in Rwanda, Uganda, Tanzania, and Mauritius are expanding t...

In this episode, recorded on September 2, 2026, we sit down with Justin Mollel (Group CFO, East African Breweries PLC ) to dissect the group's FY26 financial performance. We explore how broad-based, volume-led growth across Tanzania, Uganda, and Kenya drove net sales to KES 146 billion ($1.12B), the strategic shift to a 50-50 fixed-and-floating debt mix, how cost-productivity initiatives offset ra...

In this episode, recorded on August 11, 2026, we sit down with Charles Kibaara ( Chief Manager Operations & Branches, Credit Bank ) to break down the bank's core focus on small and medium-sized enterprises across Kenya. We explore how Credit Bank is leveraging its T24 core banking upgrade for instant digital bid bonds, the impact of DFI-aligned governance standards from ShoreCap's investment, liqu...

In this episode recorded on August 18, 2026, we sit down with Diana Mwaniki (Acting CFO, Absa Bank Kenya ) in her debut Spaces appearance to dissect the lender's H1 2026 results. We explore how strong credit disbursement momentum and lower funding costs helped counter rate-cycle margin compression, the factors enabling a 150% boost to the interim dividend, and how non-funded revenue from newer cap...

In this episode, recorded on July 31, 2026, we are joined by Centum Investment Company Group CEO, James Mworia , as we unpack Centum's FY26 financial results, the complete retirement of holding company debt, and key portfolio milestones under the Centum 5.0 strategy. Show Notes 00:00:00 Broad Overview of the FY26 Earnings 00:04:52 Debt Strategy 00:13:53 Portfolio Companies 00:18:17 Trific SEZ Grow...

In this episode recorded on July 7, 2026, we sit down with Ann Magondu (Senior Tax Manager, Deloitte ), Joyce Oriedi (Senior Manager, Tax and Legal Services, PwC Kenya ), and Akinyi Gikonyo (Tax Consultant, KAM ) to unpack the Finance Act 2026, its role in funding Kenya's KSh 1.11 trillion fiscal deficit, merchant service fee withholding taxes, VAT & excise shifts, and EAC cross-border tax implica...

In this episode recorded on June 30, 2026, we are joined by Wilson Wariari (Co-Founder & CIO, Arvocap Asset Managers ) and Jesse Ochieng’ (Analyst) to break down the mechanics of goal-based asset management in Kenya. We dive into how Arvocap scaled its AUM to KES 14.26B, their active fixed-income trading philosophy, hurdle-rate performance fees, and how funds like Eurofix and Almasi are broadening...

In this episode recorded on June 18, 2026, we sit down with Justine Kosgei (CEO & Principal Officer, AAR Insurance ) and James Kamau (Group Head of Distribution, AAR Insurance ) to break down the mechanics of the newly structured FAARMILY Suite. We dive into how automated AI claims adjudication is capping premium inflation, the extension of senior health cover entry up to age 80, and how the insur...

In this episode, recorded on June 16, 2026, we sit down with the tax and legal consulting team from Ushuru : Beatrice Njeri , Eddah Nyamweya , Derrick Muchoki , and Valentine Gaya, to break down essential best practices for individual and corporate tax submissions. We dive into the realities of real-time E-TIMS validation under Section 23A of the Tax Procedures Act, expose common bank statement ex...

In this episode, recorded on June 4, 2026, we are joined by Centum Investment Company Group CEO, James Mworia , to unpack the three strategic evolutionary phases of Centum since 2009, the interplay between its real estate and private equity portfolios, and how the company successfully retired its holding company debt to enter a harvesting phase dedicated to driving sustainable shareholder value. S...

In this episode recorded on May 19, 2026, we are joined by Brenda Mbathi, CEO of TRIFIC SEZ , and Pius Muchiri , MD of Nabo Capital , as we unpack the structure, strategy, and investment opportunity behind the green-focused I-REIT. Show Notes 00:00:00 Introduction 00:01:30 Broad Overview of TRIFIC 00:04:02 Why a Dollar-Denominated I-REIT 00:08:39 Use of Funds, REIT Structure, and Offer Size 00:18:...