Je’Netik

Artificer of Festivities, Business Networking Hacker & Start Up Mentor.

[Je’Netik @Dgwar]

Emerging markets favor investors who understand time.

[Mwango Capital @MwangoCapital]

Cable Experts Limited is set to acquire TransCentury’s 68.37% stake in East African Cables Plc, which is currently under administration.

— The transaction covers 173.07M ordinary shares held by Cable Holdings Kenya Limited, a wholly owned subsidiary of TransCentury Plc, which is under receivership.

— Cable Experts says the deal will help retire East African Cables’ secured bank debt and support the continuation of its cable manufacturing business as a going concern.

— The buyer will seek exemption from making a mandatory takeover offer to minority shareholders, arguing the transaction is part of insolvency proceedings and is structured to preserve the business.

— Trading in East African Cables and TransCentury shares remains suspended on the NSE, with resumption expected only after completion of the transaction and termination of administration.

[Je’Netik @Dgwar]

Numbers tell a story, citizens live the consequences!

[Moe @moneyacademyKE]

Kenya’s public debt has hit Sh12.8 trillion for the first time ever.

—Domestic debt: Sh7 trillion
—External debt: Sh5.8 trillion

[FLY748.COM @748AIR_SERVICES]

Conference season is here. Fly with an airline that values your time, comfort, safety and reliability.
Daily flights from JKIA Terminal 2 to Mombasa and Ukunda.
Fares start from KES 7,700 one way.
Fly smart. Arrive ready. Choose Fly748.

[Je’Netik @Dgwar]

The UAE just made ESG non-negotiable. Is your team ready?

[Je’Netik @Dgwar]

2026 marks Kenya’s emergence as a leading continental hub for diplomacy, sustainability, sports, culture, and innovation, with Nairobi increasingly becoming the home of global conversations shaping Africa’s future.

[NTV Kenya @ntvkenya]

E-Citizen Fees To Double:

The cost of accessing government services is set for a major overhaul as the State moves to double the controversial e-Citizen convenience fee.

#NTVTonight @Ben_Kitili

[Moe @moneyacademyKE]

BlockCoop SACCO has officially launched Kenya’s first blockchain-powered SACCO.

Under the new model, members can trade shares, access loans without guarantors, and track everything more transparently using blockchain.

[Kenya in UK 🇰🇪🇬🇧 @KenyaMissionUK]

📽️ A moment of pure pride, joy and honour!

Kenyans in London celebrate Sabastian Sawe’s historic sub-2 marathon (1:59:30)... “𝘢𝘴 𝘰𝘯𝘭𝘺 𝘒𝘦𝘯𝘺𝘢𝘯𝘴 𝘤𝘢𝘯.”

Literally “𝘣𝘳𝘪𝘯𝘨𝘪𝘯𝘨 𝘒𝘦𝘯𝘺𝘢 𝘵𝘰 𝘵𝘩𝘦 𝘸𝘰𝘳𝘭𝘥 𝘢𝘯𝘥 𝘪𝘯𝘷𝘪𝘵𝘪𝘯𝘨 𝘵𝘩𝘦 𝘸𝘰𝘳𝘭𝘥 𝘵𝘰 𝘒𝘦𝘯𝘺𝘢.”

@ForeignOfficeKE @Diaspora_KE @MusaliaMudavadi @SingoeiAKorir @MMakoloo @FCDOMattBaugh @UKinKenya

🇰🇪🏃🏾‍♂️➡️ |🕺🏾💃🏾

[World Athletics @WorldAthletics]

We’re going to need a few days to recover from this one… 😮‍💨

2 men under 2 hours. 3 men breaking the world record.

We have officially entered the new era of marathon running 🫳🎤

[Sky Sports News @SkySportsNews]

BREAKING: Sabastian Sawe has broken the marathon world record as he wins the London Marathon 🚨

He becomes the first person to run under two hours in a race.

[World Athletics @WorldAthletics]

WANYONYIIIIII 🤩

Home favourite, 🇰🇪’s Emmanuel Wanyonyi doesn't run the 1500m often, but when he does, he makes a statement 👏

⏱️ 3:34.11 PB in Nairobi at the Kip Keino Classic

Tune into the livestream now 👉 https://t.co/JsQAE0GUen

#ContinentalGoldTour

[CPA Wachira Joseph @WashiraX]

KRA has refused to let Java House go.

You definitely know Java House.

Me, I first encountered it in 2015 while hunting for an attachment in the streets of Nairobi.

All along, I thought it was a biig college teaching Java coding. With branches in every corner.
Until my boss asked to meet me there.

I rushed thinking the legend had enrolled for classes.
Only for him to order coffee for me.

Since then, it has been my favourite coffee joint.

Buana ushamba iheshimiwe.

Now,

In 2012, the two founders of Java House had made their kill after running the company for 13 straight years since 1999.

It was time to go to the beach. They sold the company to ECP Africa in Mauritius.

There was no capital gains tax in Kenya then. So the boys left with their money KRA free.

Before ECP bought the company, they knew:
- Kenya changes laws very fast.
- If they bought shares directly in Kenya
- And later sold them
- They could face taxes if laws changed

So they got smart. They set up a shell company in Mauritius. Called it Java House Mauritius Limited. This company is the one that bought Java House Kenya.

So we now have:
- ECP Africa (Mauritius) owning
- Java House Mauritius
- Which owns Java House Kenya
Clean stuff.

Time came to cash out.

ECP Africa remembered it was also owned by ECP fund in Washington DC.

And ECP DC had a subsidiary management company in Kenya called ECP Kenya Limited.

They agreed and tasked ECP Kenya to:
- To study Java house and improve the business to make more valuable on behalf of ECP Africa.
- Decide when to sell it
- Find a buyer
- Negotiate the deal

In short, ECP Kenya was managing the entire investment.

As all this was happening, they are unaware of one dangerous sentence chilling quietly in Kenyan tax law.

It reads:
• Any company managed and controlled from Kenya is a Kenyan resident company.

In 2017, ECP Africa sold Java house Mauritius company to a Dubai mogul for $100M.

- About 10B shillings.

Everything happened in Mauritius. No shares moved in Kenya to trigger anything.

• Deal is closed. 0 tax.

Bahati mbaya, KRA caught wind that Java is gone.

KRA immediately embarked on a fault finding mission.
And in 2022, found that:
- The entire transaction was managed from Kenya
- Through ECP Kenya

They invoked the one dangerous sentence. You remember it?

• Any company managed and controlled from Kenya is Kenyan company.

KRA said:
• This deal is Kenyan
• Tax must be paid in Kenya

Tax demanded: 2.5B
ECP Kenya to pay it.

ECP Kenya ran to the tax appeal tribunal. Tribunal sided with KRA.

ECP Kenya ran to the High Court. They judge looked at the case and asked KRA why it behaved like a bitter ex.

KRA responded: My Lord, imagine educating your wife, then akigraduate she leaves you for a man of her class. How would you feel?

Judge akakubali inauma.

ECP wakaambiwa walipe tax.

Case closed.

Lesson.

• Structure your offshore deal properly.

• Or KRA will structure it for you.

[CPA Wachira Joseph @WashiraX]

KRA is not playing with Naivas.

You know Naivas. Hii tu moja.

It was a fully family owned supermarket giant.

When the time came to cash out, the owners weighed their options.

If they sold the supermarket from Kenya, they would pay insane taxes.

So they went shopping for low tax countries. And Mauritius presented itself. It was irresistible.

- 0% tax on sale of the company.

In 2015, the family registered a shell company in Mauritius. Called it NIL.
Then transferred all their shares to this company.

So Naivas was now 100% owned by a Mauritian company.

To make it even tighter, they added another layer.

They set up a second shell company. Called it GFI.
And transferred all NIL shares to GFI.

So now:
• GFI owns NIL
• NIL owns Naivas Kenya
Proper entanglement. Achana na hiyo yako.

As all this is happening, they are unaware of one dangerous sentence sitting quietly in Kenyan tax law.

It reads:

• Any company managed and controlled from Kenya is a Kenyan resident company.

Then the family went looking for a buyer.

In 2020:
• They sold 30% of the supermarket for 5.2B
• By selling 30% of NIL shares

So:
- Naivas is still owned by NIL
- But NIL now has a new shareholder

And everything happened in Mauritius quietly.
Nothing has changed hands in Kenya trigger anything.

• Deal is closed. 0 tax.

Bahati mbaya, KRA caught wind that Naivas is gone.

Immediately, KRA embarked on a fault finding mission.

In 2022, KRA discovered that:

- The family has always lived in Kenya. Not Mauritius.
- They managed and controlled every single operation of the shell companies from Kenya

They invoked the one dangerous sentence.
You remember it?

• Any company managed and controlled from Kenya, is a Kenyan resident company.

KRA said:
• These Mauritius shell companies are Kenyan
• They must pay tax in Kenya

Tax demanded: 30% of 5.2B. Plus penalties

• Total Bill: 1.8B

Naivas ran to court.

The court looked at it, and sided with KRA.

Family wakaabiwa walipe tax.

Case closed!

Lesson.

• Structure your offshore company properly.

• Or KRA will structure it for you.

[Je’Netik @Dgwar]

@DonaldBKipkorir That’s where integrity is truly revealed, when loyalty doesn’t override truth. Real leadership is having the courage to hold even those close to you accountable, because silence in the face of wrongdoing isn’t loyalty, it’s complicity!

[UBC UGANDA @ubctvuganda]

Museveni- As we speak, astronauts from the USA are going around the moon. That moon is a common property, why are we not there? But we’re here in Kyankwanzi dancing paka chini.

[Moe @moneyacademyKE]

Rubis Energy Kenya share has dropped to 13.8% from 15.4%, marking the biggest decline in market share.

Currently, the top 10 oil marketers by market share are:
— Shell (Vivo Energy) – 20.6%
— TotalEnergies – 14%
— Rubis Energy – 13.8%
— Ola Energy – 3.5%
— Hass Petroleum – 3.4%
— Galana Energies – 3.2%
— Be Energy – 3.2%
— Stabex – 2.5%
— Petro Oil – 2.2%

[Moe @moneyacademyKE]

Top counties by projected voters by 2027:

Nairobi City – 3 million
Kiambu County – 2 million
Nakuru County – 1 million
Kakamega County – 1 million
Meru County – 1 million
Machakos County – 1 million
Bungoma County – 1 million
Mombasa County – 1 million
Kisii County – 1 million
Murang'a County – 1 million
Kisumu County – 1 million

[Je’Netik @Dgwar]

Investing is the greatest business - you never have to swing. The market offers prices, and no one calls a strike. There’s no penalty, just missed opportunity. So you wait for your pitch… and when it comes, you hit.

[Je’Netik @Dgwar]

Ooops!

[😈 Xavier ✞ @RealXavier011]

I am not laughing 😂 😂 😂 😂 😂 😂 😂 😂 😂 😂 😂 😂