Edd & Eddy

Financial intelligence. A believer of transparency and accountability at any level

[Sudip Pradhan @Sudip_pdn]

GIVING UP ISN'T IN THE BLOOD, SIR.
IT'S NOT IN THE BLOOD.

Come back Nimsdai🙏

[Mohd Noman Siddiqui | نعمان @nomanssiddiqui]

Broad Peak Update: As an amateur climber, reading the latest tracker data gives me chills. Nims fell from near Camp 2 (6,600m) but his Garmin pinged at 5,878m at 06:18 AM today. That shift in elevation suggests movement after the avalanche, the line between life and death up there is razor-thin. Thoughts and prayers are with the families of those lost, and with Nims, the "Son of Mountains." Re-sharing this track from his movie in hope of his safe return

#Nims #Avalanche #NimsPurja #Himalayas

[Spydoremon @priyansh_who]

Last location of nimsdai and other climbers

[Everest Today @EverestToday]

"Like everyone else, we are following the heartbreaking news. Whenever tragedy strikes in the mountains, no matter where, it affects us deeply. I know that mountain. I know that place. I know its people. One truth remains unchanged: nature is unpredictable. That does not ease the grief, nor does it lessen the pain. It is simply a reminder that no one can ever fully control the mountains. I have been lucky. Many times." ― Reinhold Messner

[Everest Today @EverestToday]

ཨོཾ་མ་ཎི་པདྨེ་ཧཱུྃ!🙏

[Everest Today @EverestToday]

!!

[Mbula Mutula @MbulaMutula]

The High Court yesterday made a very important decision. When you take a loan from any lending institution, the amount of interest accrued cannot exceed the amount you received from the institution (principal). Meaning if you borrow kshs. 100,000, you cannot pay more than kshs.200,000 in total. This is good news to many Kenyans. Tag that one lending institution wajionee habari kamili.

[Edd & Eddy @ETarrus]

@ChepiTheOne @Mwass_ 😂😂

[La Saape @mokayah]

RIP to the bank that provided the credit line to One Petroleum Ltd to ship in the now condemned consignment. The account manager must be seeing very bad things this afternoon as invoices get cancelled by oil marketers.

[Moe @moneyacademyKE]

Kenya has now officially banned phones without USB Type-C charging ports, effective from March 24, 2026.

The move has created tension and panic in the market overnight, with no transition period, no warning, leaving importers and sellers scrambling

[Thuranira @Thuranira_1]

The Court of Appeal has held that If you pay a bribe for a job and it backfires, don’t run to court,the law doesn’t refund corruption.

A former senior manager at Kenya Revenue Authority lost KSh 63 million trying to secure a top job as chair of Kenya Urban Roads Authority. After retirement, he was introduced to a “well-connected” broker who promised he could influence the appointment at a price. He paid millions in stages, believing the deal was progressing.

The job never came. When the promises collapsed, he went to court to recover the money. But the court found that the payments were tied to bribery and influence peddling, making the entire arrangement illegal from the start.

Because of that, the court refused to help him. In law, you cannot recover money paid for an illegal purpose,the loss stays with you.

[Thuranira @Thuranira_1]

An employer has been ordered to pay Ksh 250,000 for refusing to show a former employee what they said about her in a background check. She believed a negative reference cost her a new job. When she asked for answers, the employer hid behind “confidential.” The ODPC said no. If you talk about someone, they have a right to see it.

Employers must now choose their words carefully. If you can’t say it to someone’s face, don’t whisper it to their next boss. Employees are finally protected from secret sabotage. And workplaces must become more honest. Usinichomee na sijui.

[Moe @moneyacademyKE]

We have managed to uncover Traffic (Minor Offences) Rules and the charges motorists face following the rollout of the new NTSA Instant Fines system.

Save the thread below:

[ROBA & ASSOCIATES LLP @AssociatesRoba]

💣🔴🚨THEY CANNOT BLOCK YOUR PENSION BECAUSE YOU WERE CHARGED: COURT EXPLODES COUNTY DELAY TACTIC

The Employment and Labour Relations Court at Nakuru has finally snapped in John Ngigi Daniel v County Government of Nyandarua. A public officer was interdicted in 2018 after being charged with abuse of office. He was parked on half salary for nearly five years. No disciplinary hearing. No conclusion. Just limbo. When he hit retirement age in July 2023, the County pulled a familiar stunt: "we can’t process your pension until your criminal case ends." The trick was to hold his personal file hostage. No file, no pension. No pension, no life.

Justice Anna Ngibuini Mwaure was not amused. The Court held that prolonged interdiction without resolution is an unfair labour practice, and that continuing to withhold salary arrears and pension after retirement is unconstitutional. Once you retire, pension crystallizes. It becomes property. You do not negotiate with it. You do not delay it. And you certainly do not weaponize a personal file to punish an employee through bureaucracy. The County’s conduct violated the right to property and fair labour practices. Full stop.

The orders were brutal. Pay the entire pension. Pay all withheld salary arrears. Add KSh 3 million in constitutional damages. Then load 14% interest until payment. The message is sharp and uncomfortable: public employers are not allowed to keep employees in disciplinary purgatory, then deny them dignity at retirement. Criminal cases are not an excuse. “Awaiting clearance” is not law. And your pension is not a favour from the State. It is your money. The era of file-holding games just got very expensive.

Kindly retweet.

[Amb Hon Ababu-Namwamba, EGH🇰🇪 @AbabuNamwamba]

Ndugu @JohnMbadiN , you cannot rewrite history bwana! No one ever fired me from the position of @TheODMparty Secretary General. When I couldn’t stand the everlasting party shenanigans, I had the audacity, the valor, the cojones and the honour to walk away, head held high, with my pride intact. The resultant headlines of that valiant move are indelibly etched in history and cannot be erased by myopic revisionism. I served with quintessential commitment and departed roho safi. And it is the best decision I have made in my public life, one I never have regretted once. Though proudly a founding visionary of the Orange Dream, I moved on, happily so. Please concentrate your passion and energies on strengthening the party, whose fortunes today are certainly not what they were in 2007, when we waged the most formidable political blitz in Kenyan history, or in 2016, when I boldly walked away in broad daylight. May the MV Orange retrace its original compass and put Kenyans’ best interests above all else. Strong well run parties are the building blocks for a vibrant constitutional democracy. I wish ODM well.

[Kenyan Wall Street @kenyanwalstreet]

NSSF’s USD-denominated deposits, introduced in 2024, surged by 285% to KSh 2.31 billion in 2025.

This marks a significant shift towards foreign-currency holdings as part of a broader diversification strategy.

The deposits were moved from Equity Bank to Stanbic, Absa, and Cooperative Bank, with Cooperative Bank becoming the dominant custodian.

[Kenyan Wall Street @kenyanwalstreet]

NSSF’s fund managers’ fees surged 61% to KSh 756.9 million in FY2024/25, the highest on record, lifting total investment expenses to KSh 1.10 billion.

Fees now absorb about 69% of all investment costs, sharpening scrutiny on value for money even as reported portfolio returns improved to 22%.

The rise reflects faster asset growth and a shift toward higher-fee assets such as private markets and performance-linked mandates.

[Somto Okonkwo @General_Somto]

So Morocco Didn’t Just Start This Today 🤦🏾‍♂️

[Kenyan Wall Street @kenyanwalstreet]

At Least 50 of the Most Notable Companies Have Shut Down, Downsized or Exited Kenya in the Last 10 Years

2026
▸ Koko Networks — Shut down; entered administration.

2025
▸ D.T. Dobie — Voluntary liquidation.
▸ Bank Al-Habib (Rep Office) — Closed Kenya office.
▸ Lipa Later — Entered administration.
▸ Medsaf — Shut Kenya operations.
▸ Edukoya — Shut Kenya operations.
▸ Joovlin — Shut Kenya operations.
▸ 54 Collective — Closed Kenya studio.
▸ Okra — Withdrew from Kenya.
▸ Angaza Kenya — Voluntary liquidation.
▸ Caltex House Service Station — Struck off register.
▸ Bora Motors — Struck off register.
▸ CMC Motors Group — Market wind-down and exit.
▸ Roofings Kenya — Operations halted.
▸ White Rhino Hotel — Placed in receivership.

2024
▸ Mombasa Apparel EPZ — Operations ceased; assets absorbed into successor EPZ entity.
▸ Base Titanium — Mine wind-down began.
▸ Mobius Motors — Entered liquidation.
▸ Copia — Entered administration.
▸ Betsafe — Exited Kenya.
▸ iProcure — Entered administration.
▸ Carrefour (Kisumu store) — Store closed.

2023
▸ Tuskys — Final liquidation order.
▸ Jumia Food — Shut food delivery business.
▸ Zumi — Shut down.
▸ Wabi (Coca-Cola) — Platform shut in Kenya.
▸ Sendy — Entered administration; operations ceased.
▸ Eastend Junior Academy — School closed.
▸ Xetova / Gro / WeFarm — Kenya operations closed.

2022
▸ Game (Massmart) — Exited Kenya.
▸ Kune Food — Shut down.
▸ Notify Logistics — Shut down.
▸ Sky Garden — Collapsed; assets sold.
▸ MarketForce — Material downsizing.
▸ NopeRide — Shut Kenya operations.

2020
▸ Nakumatt — Liquidated.
▸ Shoprite — Exited Kenya.
▸ Choppies — Exited Kenya.

2019
▸ Ebrahim & Co — Closed.
▸ Ukwala — Liquidated.
▸ Deacons EA — Closed.
▸ Betin — Exited Kenya.
▸ Finlays Flowers — Downsized.

2018
▸ ARM Cement — Entered administration.

2017
▸ Atlas Development — Shut Kenya operations.

2016
▸ Kenya Fluorspar — Shut mine.
▸ Karuturi Flower Farm — Liquidated.
▸ Chase Bank — Placed in CBK receivership.