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Faith Mwangi
Equity Research Analyst, Financials (East Africa) @ Tellimer Research
Taking a solutions-based approach to research, Faith’s reports are themed around client questions in order to provide insight into the East African financial sector and digital banking trends globally. Faith honed her skills in banking and media sector analysis at Standard Investment Bank and Genghis Capital.
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Latest articles from Faith Mwangi
Ecobank Ghana: Strong Q2 21 earnings on impressive non-interest income and lower cost of risk
Ecobank Ghana (EGH) reported Q2 21 EPS of GHS0.50, a 24% yoy increase. This was on the back of lower impairment charges (-25% yoy) and an 80% yoy increase in non-interest income arising from strong growth in trading and fee income revenues (+97% yoy ...
Gbemisola Ogungbade @ Tellimer Research 15 September 2021
Flash Report /
Kenya
Safaricom, KCB and NCBA earnings to be boosted by strong H1 21 Fuliza growth
The value of Safaricom’s Fuliza (an M-Pesa overdraft facility) borrowings increased 25% yoy in H1 21, according to media reports. In our Safaricom valuation, we estimate its M-Pesa revenue to grow 22% yoy in FY 22. Retention of higher transaction lim...
Faith Mwangi @ Tellimer Research 7 September 2021
Bank of Kigali: Strong H1 performance and on track to beat management expectations
Bank of Kigali recorded stellar H1 results, with PAT rising 42% yoy. A higher net interest margin, driven by higher loan yields and recovered non-interest revenue from increased trade volumes and increased fee and commission income, boosted performan...
Faith Mwangi @ Tellimer Research 6 September 2021
GCB Bank: Q2 21 – High tax and impairment charges dampen earnings
GCB's Q2 21 EPS increased by only 6% yoy to GHS0.38, mainly on the back of an increase in tax charge (42% in Q2 21 from 30% in Q2 20) as a result of the government imposing a 5% financial sector recovery levy on PBT to support financial sector reform...
Gbemisola Ogungbade @ Tellimer Research 3 September 2021
Kenya cement demand up 27% yoy as infrastructure projects take shape
Kenya's cement production and consumption both grew 27% yoy in the first five months of 2021 (to 3.4mn tonnes and 3.3mn tonnes respectively), according to the country's Bureau of Statistics. According to the Kenya National Bureau of Statistics (KNBS)...
Faith Mwangi @ Tellimer Research 2 September 2021
Absa Kenya: End of rebranding costs and lower loan loss provision charge bolster H1 profit
Absa Kenya released H1 21 earnings where EPS more than tripled to KES1.03 from KES0.11 in H1 20. In addition, loan impairment charges declined by 64% yoy. Absa was overtaken by local banks in the market due to the latter's ability to quickly integrat...
Faith Mwangi @ Tellimer Research 27 August 2021
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Faith Mwangi
Africa
Financials
Banks
Equity
Q2 20
Kenya
Ghana
Gbemisola Ogungbade
Q2
Sub Sahara Africa
GCB
Ecobank Ghana
2019
