The Mwango Capital Podcast

Hosted by Mwango Capital

Business Management

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167

Latest episode

May 2026

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About the show

Breaking down businesses and understanding markets in East Africa mwangocapital.substack.com

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60 recent

May 29, 202651 min

TRIFIC’s Green I-REIT

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 Notes00:00:00 Introduction00:01:30 Broad Overview of TRIFIC00:04:02 Why a Dollar-Denominated I-REIT00:08:39 Use of Funds, REIT Structure, and Offer Size00:18:25 USD Yield Return vs T-Bills00:21:17 Tenant Mix and Debt Strategy00:25:12 Green Certification, Demand, and Leasing Pipeline00:31:21 Investor Interest and Liquidity00:39:11 Cost Control, Vision, and Scale00:45:16 Key Details on the I-REIT and Closing Remarks Get full access to The Mwango Weekly at mwangocapital.substack.com/subscribe

May 28, 202641 min

Car and General FY25 Results

In this episode recorded on May 12, 2026, we are joined by Car & General (C&G) Chief Executive Officer, Vijay Gidoomal, to unpack the group's FY25 financial performance, the rebound of the boda-boda sector across Kenya and Tanzania, and how the business is navigating EV disruptions and leveraging artificial intelligence to build a competitive moat.Show Notes00:00:00 Introduction 00:01:17 Business Streams 00:03:54 Regional Business Footprint 00:08:07 Recovery of the Two-wheeler Business 00:10:41 Margins and Cost Efficiency 00:13:56 Investment in AI 00:23:00 Profitability and Cash Flow 00:24:49 Dividend Policy 00:27:40 EV Market 00:38:13 Closing Remarks Get full access to The Mwango Weekly at mwangocapital.substack.com/subscribe

May 21, 202637 min

Unpacking Delmonte Kenya's Footprint

In this episode recorded on May 5, 2026, we are joined by DelMonte Kenya Managing Director, Wayne Cook, as we unpack the company’s 60-year history in Kenya, its KES 100B economic footprint, vertically integrated export model, and its ongoing community relations and sustainability interventions.Show Notes00:00:00 Introduction 00:04:04 History of Del Monte Kenya 00:08:14 Del Monte’s Business Model 00:12:48 Local Distribution and Exports 00:14:48 Scale and Economic Impact 00:17:53 Relationship with Fresh Del Monte Group 00:20:36 CapEx and Growth Plans 00:24:39 Community Relations and Human Rights 00:28:06 Sustainability Metrics 00:34:19 Outlook, Innovation, and New Product Lines Get full access to The Mwango Weekly at mwangocapital.substack.com/subscribe

May 17, 202651 min

SanlamAllianz Unpacked

In this episode recorded on April 30, 2026, we are joined by SanlamAllianz Life Kenya CEO, Jacqueline Karasha, as we unpack the group’s recent corporate restructuring, FY2025 financial performance, and the strategic opportunities within Kenya’s life insurance and digital pension markets.Show Notes00:00:00 Introduction00:05:15 New Group Structure 00:07:53 Uptake of Life Insurance 00:12:24 Embedded Insurance Products 00:15:41 Akiba Plus Retirement Product 00:18:42 Dividends and Strategy 00:24:12 Digital Distribution 00:28:48 Reaching the Informal Market 00:42:48 Investment of Policyholder Funds 00:47:03 Industry Outlook Get full access to The Mwango Weekly at mwangocapital.substack.com/subscribe

May 11, 202655 min

Financing What Matters in Kenya's Budget

In this episode recorded on April 29, 2026, we are joined by economist Stephanie Kimani and the Institute for Public Finance (IPF) team of Dr. Peter Nguhiu, Veronica Ndegwa, and Martin Kabaya, to unpack the credibility of Kenya's budget, the structural constraints of debt service, and the sustainability of health and social protection financing.Show Notes00:00:00 Introduction 00:03:16 Budget Credibility Problem 00:05:53 Debt Service Wiggle Room 00:08:04 Healthcare Funding Gap 00:15:05 Tax Proposals to Fund Healthcare 00:27:08 Fiscal Sustainability of SHIF 00:33:02 School Feeding Gaps 00:42:51 Budget Priority Recommendations 00:45:56 Limited Trust in the Domestic Debt Market 00:50:10 Policy Change Recommendations Get full access to The Mwango Weekly at mwangocapital.substack.com/subscribe

May 8, 202636 min

The I&M Bank MTN

In this episode recorded on May 6, 2026, we are joined by I&M Bank Group CFO, David Ngata, and SIB Director, Laban Githuki, as we unpack the bank’s KES 20B Medium-Term Note (MTN) programme, its pricing rationale, and capital optimization strategy.Show Notes00:00:00 Introduction 00:01:33 I&M Bank’s Balance Sheet 00:03:32 Basics of an MTN 00:10:16 Offer Terms and Dates 00:12:41 Minimum Investment 00:13:55 How the MTN fits into the Bank’s Strategy 00:19:20 Use of Proceeds and Lending Growth 00:24:14 Application, Settlement, and Trading 00:29:01 Asset Quality 00:31:18 Key Details and Final Pitch Get full access to The Mwango Weekly at mwangocapital.substack.com/subscribe

April 30, 202654 min

Competition Law Enforcement

In this episode recorded on March 25, 2026, we are joined by the OECD’s Competition Expert, Said Kechida, and the Competition Authority of Kenya’s Director of Policy and Research, Dr. Adano Wario, to unpack competition law enforcement in Kenya and the key lessons from the OECD peer review.Show Notes00:00:20 What CAK Does 00:08:04 OECD Peer Review Overview 00:10:39 CAK Policy and Research 00:13:02 Key Takeaways from the Peer Review Report 00:14:34 Strengths and Weaknesses in Competition Law Enforcement 00:19:22 Merger and Acquisition Scrutiny 00:29:56 Fines and Proportionality Debate 00:34:32 Limited Uptake of Leniency Programs 00:38:07 Market Studies and Inquiries 00:49:59 Report Recommendations and Closing Remarks Get full access to The Mwango Weekly at mwangocapital.substack.com/subscribe

April 30, 202655 min

Stanbic Uganda

In this episode recorded on April 15, 2026, we are joined by Stanbic Uganda’s CEO, Mumba Kalifungwa, to unpack the bank's strategic market positioning, financial health, and its role within Uganda's broader economic landscape.Show Notes00:00:00 Introduction 00:03:41 Economy and the Banking Landscape 00:05:28 Stanbic Uganda’s Structure00:09:11 Strategy and Growth Priorities 00:16:20 What Makes Uganda Unique 00:20:45 FY2025 Results 00:25:03 NPLs and Credit Risk Lessons 00:31:22 Cost Efficiency Strategy 00:39:19 Positive Impact Framework 00:48:17 Career Advice and Closing Remarks Get full access to The Mwango Weekly at mwangocapital.substack.com/subscribe

April 25, 20261 hr 7 min

Climate Finance in Kenya

In this episode recorded on April 8, 2026, and in partnership with FLLoCA, we discuss climate finance in Kenya.Our guests:— Senator Moses Kajwang’ - Homa Bay County— Peter Odhengo, National TreasuryHost: Ramah NyangSubscribe to get notified when we make a new post.Show Notes00:00:00 Introduction00:04:45 What Is FLLoCA00:08:41 Climate Mitigation and Adaptation00:11:51 Locally Led Solutions, Cost of Inaction, and Access to Climate Finance00:21:50 Polluters Pay Vs Domestic Financing00:31:43 Incentives and E-Mobility00:34:12 County Funds Oversight, Audits, and Carbon Credits00:47:31 Climate Justice Funding Gap00:51:38 Tracking Climate Finance and the National Climate Fund00:56:57 Focus on Mitigation01:01:53 Dealing with Misuse of Climate Funds Get full access to The Mwango Weekly at mwangocapital.substack.com/subscribe

April 21, 202655 min

SBM: Financial Literacy for the Next Generation

In this episode recorded on March 31, 2026, and hosted by Terryanne Chebet, we are joined by SBM Bank’s Magdalene Mwende and Duncan Kiberu to unpack financial literacy for Kenya’s next generation.Subscribe to get notified when we make a new post.Show Notes00:00:00 Introduction00:04:42 Starting Financial Literacy Early00:16:06 Debunking Kenyan Money Myths00:23:40 Teaching Financial Literacy in a Cashless World00:30:33 Building Habits and Work Ethic00:39:35 Longterm Impact of Financial Literacy in Children00:45:16 Staying Safe in the Digital Space00:48:02 Role of Giving in a Child’s Financial Education00:50:24 Product Roadmap and How to Sign up onto Busara App Get full access to The Mwango Weekly at mwangocapital.substack.com/subscribe