Hinga

Software Engineer.
#ALX_SE graduate.
Fitness-crossfit, hiking, and cycling enthusiast.
Blockchain, BTC, Crypto enthusiast

[Hinga @HingaPeterK]

Leo kakiumana, kesho kataivana, kesho kutwa bado kakiumana, we tia bidii, natia bidii juu najua siku moja kataitika.
#GRIT #consistency #standupnonetheles

[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.

[Hinga @HingaPeterK]

Disaster capitalism or less vague, Predatory capitalism.

1, 2 mic testing...👀

[Loresho_Hodler ⚡️ @rkirubi]

🇰🇪 Bitcoin Is Not Speculative . Kenya’s Shilling Is

THREAD 🧵

You’ve been told that Bitcoin is risky.
But what if we told you that the real risk isn’t Bitcoin…

…it’s the Kenyan Shilling, the global debt system, and the people who control it?

Let’s break this down 👇🏾

1️⃣ A quick reminder…

Since 2020:
•🪙 Bitcoin: up >1,000%
•🇰🇪 Kenyan Shilling: down 45% vs USD
•📉 KES savings lost value
•🧺 Prices of food, fuel, electricity skyrocketed

Your work, savings, salary, and investments all lost purchasing power.
That’s not volatility. That’s theft in slow motion.

2️⃣ What’s happening?

Kenya (like much of the world) is trapped in a debt system:
•We borrow more than we earn
•We pay more interest than we can afford
•The government prints or borrows just to survive

This is not a Kenyan problem. It’s global.

The US is $35 trillion in debt.
They can only pay it by printing more dollars.

And when the dollar weakens…
Every other currency weakens faster.

Including the shilling…

3️⃣ “But isn’t Bitcoin speculative?”

Let’s ask again:
•Is an asset with a fixed supply, no CEO, and global demand speculative?

Or…
•Is KES, whose supply is controlled by politicians, which loses value every year, speculative?

Bitcoin didn’t fail you.
KES did.
Fiat did.

4️⃣ Bitcoin is not a get-rich scheme. It’s an exit.

An exit from:
•Inflation you didn’t vote for
•Taxes with no services
•Banking systems that collapse
•A money system built to enrich the few at the expense of the many

It’s not magic.
It’s just better money—designed to protect the work of ordinary people.

5️⃣ “But it’s volatile!”

Yes. In the short term.

But volatility is not the same as risk.

KES is stable — until it crashes permanently
BTC is volatile — but on a permanent upward trajectory

And guess what? You don’t need to gamble.

You can:
•Save a small % monthly
•Hold it long-term
•Spend it only when you need to
•Borrow against it if necessary

6️⃣ Bitcoin isn’t for rich people.

It’s for:
•🧑🏾‍🌾 Farmers whose harvest money loses value before next season
•👩🏾‍💼 Employees whose salaries can’t keep up with fuel prices
•🧕🏾 Mamas saving for school fees in mobile wallets being drained by inflation
•🧑🏾‍🔧 Hustlers being taxed while MPs buy new cars

Bitcoin doesn’t need you to be rich.
It just helps you stay ahead of the system that’s making you poorer.

7️⃣ What about borrowing against Bitcoin?

Let’s be clear:
•This is not for everyone.
•You must understand the risks.
•But in a world where fiat is guaranteed to lose value, borrowing against an appreciating asset can be a smart move.

Rich people borrow against real estate.
Why shouldn’t you borrow against something even harder than land?

8️⃣ Final truth:

Bitcoin is not a bet.
It’s a shield.

And if you’re waiting for a perfect, “stable” moment to get in…

That’s like waiting to buy land in Ruaka in 1998—because it didn’t have a highway yet.

9️⃣ Kenya doesn’t need another loan. It needs a new system.

And that starts with:
•Educating
•Saving
•Building
•Exiting broken systems

Bitcoin is not a promise.
It’s a tool. Use it wisely.

[Hinga @HingaPeterK]

@Thaatguyreni Mee too😅

[Hinga @HingaPeterK]

@Joshu_K1 @polo_kimanii Kitu mtu angefurahia kuwa nayo ni PI
ndio tu iko green.😄 tukaze haga tuone ka ni altseason iko karibu kuanza.

[Hinga @HingaPeterK]

@Joshu_K1 @polo_kimanii Nikumoto bratha
Mtu anabuy a few minuts ago anapata pnl ni ya red tu😪

[Hinga @HingaPeterK]

@Breviann @tasha_ndei Dm me

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@HillaryK44 @tasha_ndei Dm

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@KanyoroNjamby @tasha_ndei Dm

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@ShakirRyan @tasha_ndei Dm me

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@its_issadin @tasha_ndei Dm me

[Hinga @HingaPeterK]

@Freezer73444855 @tasha_ndei Inbox me

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@RODGERS04846809 @tasha_ndei Inbox me

[Hinga @HingaPeterK]

@edepi_sydney @tasha_ndei Inbox me

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@inmwriters @tasha_ndei Inbox

[Hinga @HingaPeterK]

@inmwriters @tasha_ndei Direct Message me

[lady_in_stem(iamdevsaisa.base.eth) @LoloSaisa]

To our guest speaker @_ChrisOketch Thanks you for taking your time to talk about your journey.

A shout To all attendees .
@maxxeg7 @HingaPeterK including those not tagged 😀

@jessepollak
@Baseoncampus
@base
@baseafricaa
@baseEastAfrica
@Web3Clubs

[Noones App @noonesapp]

🎉 Happy New Year from team here at NoOnes! 🎉

As we welcome 2025, we’re filled with gratitude for your support and excitement for what’s ahead! 🥳 Here's what’s coming:

✨ Redesigned offer listings for smoother trading
✨ Multi-trade chat options for better control
✨ Expanded GC Store with more providers
✨ More on/off ramps to NoOnes/Crypto
✨ Plans to integrate Arbitrum One for affordable ETH deposits

Thank you for being part of our journey. Here’s to an amazing year of growth and innovation! 💚

#HappyNewYear #Noones2025

[PETER OKUMU @opeter_okumu]

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[MÙSAKÙRÙ @musakuru45]

My uncle just called me and without salutations, he goes ahead to ask, "nìuratoma besha cìa cukarì wa muratina kana ukanyua ndùfia thìgùkù? 😭