Bankelele
bankelele.bsky.social
Bankelele
@bankelele.bsky.social
Chats on banking, finance, investing, aviation & motorsports in Africa.

Blog on hiatus: https://bankelele.co.ke
Podcast: Motor Life F1.
Africa doesn’t need more feel-good forums; it needs action through updated prudential rules, truly bankable projects, and continental mechanisms to channel local savings into the real economy.
AFRICA INVESTMENT FORUM : Un miroir aux ambitions
Chaque édition de l’Africa Investment Forum (AIF) affiche la même promesse : « mobiliser le capital africain » pour financer les infrastructures, l’énergie et la transformation du continent. Mais d’une année à l’autre, le discours se répète davantage qu’il n’évolue. Le mantra de la “mobilisatio...
www.lejecos.com
December 2, 2025 at 8:16 AM
Ads by Kenyan banks committing to align with the Central Bank's reference rate as a base (+ premium) for new Kenya shillings loans, adjust existing loans to comply with it by March 2026 and publishing rates (calculated to include all loan fees) as an #APR.
November 28, 2025 at 9:06 AM
Reposted by Bankelele
Open AI loses copyright case in Germany.

Judge Elke Schwager summarized the case saying that if you want to build something and need components, "then you purchase them and do not use the property of others."
Blow for OpenAI in Germany as court rules song lyrics used illegally
A German court ruled on Tuesday that OpenAI violated copyright on nine popular songs in a lawsuit that marked another attempt to prevent the free use of artists' content online. The Munich Regional Co...
www.yahoo.com
November 14, 2025 at 2:49 PM
Reposted by Bankelele
Really wild how all these Harvard scientists and mathematics guys constantly talked about how Jeffrey Epstein was this brilliant, "misunderstood" man and then you read his emails and he's clearly a barely literate lecher, extremely easy to understand
November 12, 2025 at 8:27 PM
Jeune Afrique's "The Africa Report" ranks the most dynamic African financial institutions (banks & insurance) in 2025. Four Nigerian banks are in the top 10, ahead of South Africa's "Big Four". CIB, Ecobank, KCB, and Equity also feature. www.theafricareport....
November 6, 2025 at 7:06 PM
As we learnt in Europe, without local capital, you won't build a strong market. Africa has its capital in banks, insurers, pensions, and in phones – create solutions using ambitious regulations that foster trust, innovation, and growth - Jeune Afrique's Amir Ben Yahmed #AFIS2025
November 3, 2025 at 1:28 PM
Official opening day of the $1 billion Grand Egyptian Museum.

Grateful to CIB Kenya Bank for the preview of the #GEM.

Now, on to bring back treasures from Western museums to their home.
November 1, 2025 at 8:58 AM
This week, Lusaka, Zambia, hosts the fourth replenishment round (ADF-17) meetings of the AFDB's African Development Fund that benefits Africa’s lowest-income countries. #ADF17
October 6, 2025 at 5:39 PM
Nominations open for the #AFIS2025 Awards to be presented at the Africa Financial Summit in Casablanca. Categories are African Banker, Insurer, Central Bank Governor, African Disrupter, African Woman in Finance, and African Fund. Send picks to awards@afis.africa by 15 Oct.
September 16, 2025 at 2:30 PM
Unlocking Africa’s AI Future: The Launch of Qubit Hub in Nairobi.
🌍 Unlocking Africa’s AI Future: The Launch of Qubit Hub in Nairobi A new chapter for Africa’s digital future began with the launch in Nairobi of Qubit Hub – an AI hub that will provide free compute… | Limo Taboi
🌍 Unlocking Africa’s AI Future: The Launch of Qubit Hub in Nairobi A new chapter for Africa’s digital future began with the launch in Nairobi of Qubit Hub – an AI hub that will provide free compute power and a collaborative space for researchers, governments, developers, and startups to build tools tailored to Africa’s needs. Qubit Hub is the product of a partnership between Qhala, Angani Limited, and Amini AI, and it embodies a bold vision: giving Africa the resources and talent it needs to compete in a field where the continent currently has less than 1% of the world’s GPU capacity. 🔑 Key themes from the launch: ·       African-first infrastructure: “For global players, Africa is just 2% of their exposure. For us, it’s 100%,” said Riyaz Bachani, CEO of Angani. With locally available storage, compute power, and datasets, Qubit Hub wants African innovators to bring their ideas home, where they can grow. ·       Building blocks for innovation: Muthoni Karubiu, COO of Amini, highlighted that the lab’s APIs, data sets, and compute allocations are designed to be building blocks for others to create practical solutions to challenges shared across the Global South. ·       A long journey realized: Dr. Shikoh Gitau, CEO of Qhala, traced Qubit Hub’s origins back three years to early support from then-ICT Cabinet Secretary Joe Mucheru. She emphasized the need for datasets relevant to Africa’s health realities—malaria, HIV, dengue, sickle cell anemia—that global models often overlook. ·       Continental collaboration: Speakers from Lesotho, Egypt, and Kenya’s diaspora stressed cross-border research, ethical AI, open data, and diaspora-backed investments. The warning was clear from Ambassador Isaiya Kabira, the Secretary for Investments and Entrepreneurship at Kenya’s Ministry of Foreign and Diaspora Affairs.: if Africa doesn’t invest now, today’s digital divide will become tomorrow’s AI divide.  ·       Applications in finance, media, and society: o   Joe Mucheru, now President of Jumo, showed how AI has revolutionized lending models, cutting default rates while scaling access to $1.5 billion in loans. o   Nation Media Foundation unveiled plans with Qhala to turn 66 years of archival content into an AI-powered knowledge base for Africa, providing fact-checked context and research tools for the future. o   Cheryl Akinyi from Open Society Foundation announced the IDIA Fellowship to build a pipeline of female AI leaders, addressing the current 22% female representation in the field. 🚀 Why Qubit Hub matters: Africa’s talent is not in question—what’s been missing is access to infrastructure, data, and opportunity. Qubit Hub promises to bridge that gap. From health to agriculture, trade to media, the hub is positioned to unlock tools and research that are not only locally relevant but globally impactful. As one speaker noted, “There’s no reverse gear on AI. The question is not whether we use it, but how we ensure Africa shapes its own AI future.”
www.linkedin.com
September 11, 2025 at 11:42 AM
The power of compounding interest for young investors - if you are 25 and save Kshs 5,000 a month (in a fund that earns 8% a year), you will retire with Kshs 11.5 million (from contributing 2 million) - a message from the Zamara Vuna AGM. #GenZ
August 29, 2025 at 7:13 AM
Multinationals are used to operating in free and less-free countries, dancing with democrat and strongmen, and will adjust to a White House house that demands loyalty and control - Abby Phillips on @pivotpod.bsky.social open.spotify.com/episode/6srO...
Zelensky's White House Return, Newsom Trolls Trump, and Guest Co-Host Abby Phillip
open.spotify.com
August 22, 2025 at 5:59 PM
Two major financial events are scheduled to take place in Morocco in November: The Africa Financial Summit (AFIS) in Casablanca (November 3-4) and the Africa Investment Forum @aifmarketplace 2025 Market Days in Rabat (November 26-28).
August 18, 2025 at 9:05 AM
Sun King closes a Kshs 20 billion ($156M) securitization, the largest in Sub-Saharan Africa outside SA, to bring pay-as-you-go solar kits and devices to 1.4 million Kenyans. The deal was arranged by Citi & Stanbic and backed by 5 banks & 3 DFIs. www.citigroup.com/gl...
$156M Sun King Securitization to Deliver Solar for Over a Million Kenyans
Citi, the leading global bank, serves more than 200 million customer accounts and does business in more than 160 countries and jurisdictions. Learn more today.
www.citigroup.com
July 31, 2025 at 12:32 PM
In 2012, Africa got $250M from VCs, last year, it was $3 billion – 10x growth shows ecosystem & entrepreneurs have developed, but it's still 2% of global VC funds. Showcasing more exits by local investors means fewer will speculate on land - Andreata Muforo #DiasporaDialogues2025
July 22, 2025 at 5:46 PM
Mirroring global trend, FDI is declining, but faster for Africa, which spends the highest portion of revenue on debt servicing - partly due to struggles to monetise economies, but tax revenue has now taken off in the last few years – Qaizer Manji, McKinsey #DiasporaDialogues2025
July 22, 2025 at 11:46 AM
"We want to bring capital to the Africa beyond diaspora remittances and also facilitate an exchange of ideas" - Aspen Initiative Africa Director @LailaMacharia.

.. adds PS Roseline Njogu .. Kenya has 4 million in the diaspora who remit $5 billion a year #DiasporaDialogues2025
July 22, 2025 at 6:59 AM
Wanted: A first-born's Africa venture capital fund to co-invest in prime, under-performing or idle, inherited assets such as land. The goal is to turn around ideas that can generate revenue for two generations before all investors exit.
July 18, 2025 at 3:49 PM
Some farmers have a policy not to grow any crop that the government can dictate market policy and pricing.

Also, there are loaded commodity ships that sail in international waters waiting for any country to open up favourable trade window opportunities. #bartalk
July 10, 2025 at 9:44 AM
Del Monte US companies undertaking a court-supervised sale with $912 million financing from debtors and banks to fund operations .. it will not affect other Del Monte companies around the world like Del Monte Fresh that manages Kenya .. here is a 1929 Standard newspaper ad.
July 3, 2025 at 9:54 AM
Reposted by Bankelele
on.ft.com/4nl19kJ Cairo’s Grand Egyptian Museum has all the makings of must-see destination
Cairo’s Grand Egyptian Museum has all the makings of must-see destination
Impressive in size, design and content, the GEM’s opening may be tainted by politics and connotations of authoritarianism
on.ft.com
June 29, 2025 at 1:20 PM
In my tenure, the bank has lent $150 billion, off 43 billion assets - showing Africans pay their debts. Revenue rose 7x to 3.2 billion and the share of African financing at the bank rose from 11% to 37% – Prof. Benedict Oramah, outgoing President & Chairman @afreximbank #AAM2025
June 27, 2025 at 3:39 PM
A PR lady was recruited by a company & passed interviews to take up a job - but it was all a deep fake. She did not lose money, but has trauma as she had given her ID, banking & address details to a criminal sphere - Aarti Samani, at @Citi Institute Future of Finance Conference.
June 26, 2025 at 1:35 PM
Reposted by Bankelele
World’s largest electric vehicle maker BYD’s 5-minute charging puts China in the lead for electric vehicles (EVs). A five-minute charge for an EV, virtually as quick as a petrol fill-up, had long seemed a pipe dream.
BYD's EVs Offer Unmatched Charging Speeds
BYD's megawatt charging adds 250 miles in just 5 minutes. Is this the end of charging anxiety for EV owners?
spectrum.ieee.org
June 23, 2025 at 11:50 AM
V. Mallya acquired Berger Paints from Hoechst in a leveraged buyout with HSBC. To pay down the debt, it IPO’d in Singapore, Jamaica & Kenya (he was Chairman of Crown Berger which listed on the NSE in 1992) and later sold the business for 'a fat profit'.
www.youtube.com/watch?v=MdeQ...
Vijay Mallya Podcast: Rise & Downfall Of Kingfisher Airlines, Loans & RCB | FO364 Raj Shamani
YouTube video by Raj Shamani
www.youtube.com
June 11, 2025 at 11:13 AM