|โค๏ธFinancial Research & Analysis on East African Markets| |๐๏ธNewsletter: mwangocapital.substack.com| | Instagram/: instagram.com/mwangocapital
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Petrol down by KES 0.22 per litre
EPRA has cut fuel prices for the June 15 to July 14 cycle:
โ Super Petrol: -KES 0.22 (-0.1% MoM) to KES 214.03
โ Diesel: -KES 10.00 (-4.3% MoM) to KES 222.86
โ Kerosene: unchanged at KES 191.38
Extra Notes:
โ The comparison is against the revised May 19 to June 14 prices, after EPRA cut Diesel to KES 232.86 and raised Kerosene to KES 191.38 following public transport sector protests.
โ The adjustment comes as average landed costs eased for Super Petrol and Kerosene in May, with Super Petrol down 0.56% to $901.16/cubic metre and Kerosene down 0.33% to $1,328.36. Diesel landed costs rose 0.21% to $1,294.71/cubic metre.
โ EPRA says the Government will utilize ~KES 10.0B from the Petroleum Development Levy Fund to cushion prices, with subsidies of KES 34.07/litre on Diesel and KES 55.68/litre on Kerosene, while Super Petrol receives no subsidy this cycle.
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๐๐ก๐ข๐ฌ ๐๐๐๐ค'๐ฌ ๐๐จ๐ฉ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐๐ฐ๐ฌ ๐ข๐ง ๐๐๐ฆ๐๐ฌ:
1. Just two weeks after President Ruto pledged PAYE relief for workers earning below KES 30,000, the measure was conspicuously missing from this weekโs Budget Statement.
#MwangoMemes
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14. An audit report revealing that China Jiangxi International is completely absent from the Soin-Koru Dam site has raised serious concerns over the completion of the KES 20B project.
Taxpayers are left wondering how a mega-infrastructure asset simply stalls out while billions in public funds remain at stake.
#MwangoMemes
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15. That's a wrap from the #MwangoMemes desk!
๐ Thank you for reading through it. Make sure to RT and Like for a greater reach.
๐ Have a lovely weekend & do enjoy more memes from our thread last week:
Jun 7
๐๐ก๐ข๐ฌ ๐๐๐๐ค'๐ฌ ๐๐จ๐ฉ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐๐ฐ๐ฌ ๐ข๐ง ๐๐๐ฆ๐๐ฌ:
1. A Court of Appeal ruling last month means Kenyan employers may need to revert to the old NSSF rates after the court declined to stay the judgment voiding the 2013 NSSF Act.
#MwangoMemes
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EPRA has cut fuel prices for the June 15 to July 14 cycle:
โ Super Petrol: -KES 0.22 (-0.1% MoM) to KES 214.03
โ Diesel: -KES 10.00 (-4.3% MoM) to KES 222.86
โ Kerosene: unchanged at KES 191.38
Extra Notes:
โ The comparison is against the revised May 19 to June 14 prices, after EPRA cut Diesel to KES 232.86 and raised Kerosene to KES 191.38 following public transport sector protests.
โ The adjustment comes as average landed costs eased for Super Petrol and Kerosene in May, with Super Petrol down 0.56% to $901.16/cubic metre and Kerosene down 0.33% to $1,328.36. Diesel landed costs rose 0.21% to $1,294.71/cubic metre.
โ EPRA says the Government will utilize ~KES 10.0B from the Petroleum Development Levy Fund to cushion prices, with subsidies of KES 34.07/litre on Diesel and KES 55.68/litre on Kerosene, while Super Petrol receives no subsidy this cycle.
May 18
After massive countryside protests over high fuel prices, EPRA has partially reversed course just four days later.
Effective May 19th, Diesel prices have now been cut by KES 10.06/litre to KES 232.86, while Kerosene jumps KES 38.60/litre to KES 191.38.
Super Petrol remains unchanged at KES 214.25/litre.
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Mwango Capital retweeted
Jun 13
African markets this week (Week 24, 2026):
โ Top Gainer: Tunisia TUNINDEX 2.92% (YTD: 23.31%)
โ Top Decliner: Egypt EGX 30 -2.49% (YTD: 12.88%)
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Mwango Capital retweeted
Jun 13
Kenya's forex reserves rose by USD 39M this week to USD 13.24B, equivalent to 5.6 months of import cover.
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