11. NHIF is cracking down on employers who have not been remitting the mandatory contributions.
The three-week operation aims to collect about KES 712M out of the total KES 1.07B that NHIF is owed.
#MwangoMemes
13. Tanzania’s central bank has now imposed several restrictions on foreign-currency dealings to curb a shortage of dollars and safeguard the financial system's stability.
Majirani FX reserve situation after subtly jabbing us a few months ago:
#MwangoMemes
16. Speaking of Safaricom, its share price is up 4.31% in the past week and up 12.6% in the past month and closed the week at KES 16.75.
A live reaction from shareholders who bought it at KES 40+:
#MwangoMemes
𝐄𝐧𝐣𝐨𝐲 𝐭𝐡𝐢𝐬 𝐰𝐞𝐞𝐤'𝐬 𝐭𝐨𝐩 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐧𝐞𝐰𝐬 𝐢𝐧 𝐦𝐞𝐦𝐞𝐬 𝐚𝐬 𝐩𝐨𝐰𝐞𝐫𝐞𝐝 𝐛𝐲 Mwango Capital:
1. President William Ruto, his deputy & some other top officials are set for a 2% rise in remuneration totaling to KES 110M.
#MwangoMemes
17. We end on a positive note as Kenya’s Faith Kipyegon smashed the 1500M record at the Diamond League meet in Florence Italy with a time of 3:49.11. Congratulations!
Maybe Faith was inspired by running away from our rising cost of living.
#MwangoMemes
10. The government is set to help recruit 100k health promoters who will be tasked with visiting Kenyans at their homes to aid those with health conditions that need to be managed.
Kenyans wondering if these promoters are actually KRA spies:
#MwangoMemes
5. The government will pay KES 25.22B to Oil Marketing Companies in the next financial year starting from July 1.
The National Treasury allocated this amount to settle the debts it owes to the dealers for making them sell fuel at low prices.
#MwangoMemes
3. The government plans to allow the importation of 180,000 metric Tonnes of sugar to cope with the high prices, according to Agriculture CS Mithika Linturi.
Kenyans who’ve been drinking sugarless tea due to high sugar prices hear cheaper sugar might be on the way:
#MwangoMemes
15. Safaricom has suspended the issuance of birthday bundles of 1GB to its customers.
A live reaction from Kenyans:
#MwangoMemes
8. This week, President Ruto happily noted that Njugush and Butita, two Kenyan content creators, were making more money than his salary:
#MwangoMemes
12. Tuskys Supermarket is facing liquidation due to a High Court order.
The company has debts of about KES 20B but only assets worth around KES 6B.
#MwangoMemes
2. Electricity costs have soared by 67% in the last nine months with 50 units of power now costing KES 1,326.
#MwangoMemes
4. This week, the president launched the second phase of the Hustler Fund.
Speaking at the launch, he said 20.2M Kenyans had accessed nearly KES 30B from the fund and repaid close to KES 20B with 7M repeat customers.
#MwangoMemes
14. Eveready have changed the company secretary barely a month after appointing the previous one.
Victoria Cherotich who had served for only a month resigned and was replaced by Evans Lagat with effect from 25th May 2023.
A summary of her tenure:
#MwangoMemes
