James Karanja

[Moe @moneyacademyKE]

Here's how Safaricom CEO Peter Ndegwa's Sh324.5 million FY2026 pay package breaks down:

— Salary: Sh105.4 million
— Bonus: Sh118.5 million
— Non-cash benefits: Sh31.4 million
— Performance Share Award (EPSAP): Sh69.2 million

[Moe @moneyacademyKE]

Tanzanian billionaire Mohammed Dewji has pledged to invest Sh12.9 billion ($100 million) in Aliko Dangote's proposed Lamu oil refinery, adding momentum to the Sh2.2 trillion project expected to serve East Africa

[Moe @moneyacademyKE]

Vodacom and Absa are set to receive more than Sh21 billion in additional dividends from their Kenyan operations, as multinational firms increase profit payouts from their businesses in Kenya.

[Moe @moneyacademyKE]

Kenya has opened applications for its ICT regulatory sandbox, giving startups and tech firms a chance to test AI, 5G/6G, IoT and other digital technologies in a regulated environment before launching them

[Moe @moneyacademyKE]

Iran Declares Strait of Hormuz Closed Until Further Notice

[Moe @moneyacademyKE]

IMF warns Kenya's fuel prices could rise again if global oil prices remain high, increasing transport costs and the cost of living.

[Moe @moneyacademyKE]

The US has launched fresh strikes on Iranian missile and drone sites after Tehran declared the Strait of Hormuz closed.

This follows the collapse of the fragile June 2026 ceasefire

[Moe @moneyacademyKE]

U.S. says it struck about 140 Iranian military targets on Saturday, bringing the total to more than 300 targets hit this week.

[Tommy 🇰🇪 @_Tommy65]

Football fans who is active? Drop those handles let's connect ✅️

[Moe @moneyacademyKE]

OpenAI yesterday introduced ChatGPT Work:

a new autonomous agent powered by GPT-5.6 that can use your apps and finish entire projects for you.

For example, if you give it a rough sketch, it can source suppliers, build a budget, and create a pitch deck while you're offline.

[Moe @moneyacademyKE]

Safaricom CEO Peter Ndegwa earned Sh324.5 million in FY2026, up 10%, after the company posted a record Sh95.6 billion profit.

[Moe @moneyacademyKE]

Here's how KRA collected Sh2.84 trillion in FY2025/26

Exchequer revenue: Up 10.5% to Sh2.57 trillion
Domestic revenue: Up 9.7% to Sh1.85 trillion
Customs revenue: Up 12% to Sh989 billion
PAYE: Up 6.7% to Sh599 billion
Domestic VAT: Up 8.5% to Sh355 billion
Corporation tax: Up 14% to Sh347 billion
Agency revenue: Up 11% to Sh276 billion
Betting excise: Up 25% to Sh16.5 billion
Digital service tax: Up 99% to Sh1.6 billion

[Moe @moneyacademyKE]

HELB plans to work with KRA to recover unpaid student loans from the informal sector.

More than 380,000 borrowers have defaulted, with outstanding loans totaling over Sh20 billion.

[Moe @moneyacademyKE]

The Auditor-General says Consolidated Bank gave Sh435 million in loans to its staff, equal to 67% of its core capital, which is above the legal limit of 20%.

[Moe @moneyacademyKE]

Kenya's stock market has reached a record Sh3.8 trillion in market value, up 28% since January.

Foreign investors earned 19% dollar returns in the first six months of the year.

[Moe @moneyacademyKE]

The World Bank says Kenya's Sh5 trillion National Infrastructure Fund will help finance infrastructure but will not fix the country's revenue collection and public spending challenges.

[Moe @moneyacademyKE]

Kenya's forex reserves Jumped by $80 million this week to $14.1 billion

Meanwhile,the Kenyan Shilling finished the week trading at Sh129.5 against the US dollar, rate via @carrington_fx

[Moe @moneyacademyKE]

HELB has opened applications for first-time university and TVET students seeking loans, scholarships and bursaries for the 2026/27 academic year.

The application deadline is September 8, 2026.

[Moe @moneyacademyKE]

Kenya's residential property prices were up 4.8% in the first quarter of 2026, driven by standalone house prices, which were up 8.5%.

Apartment prices were down 3%.

[Moe @moneyacademyKE]

Visa has launched a new Threat Intelligence Platform to help banks detect cyber threats before they turn into fraud.

The platform combines cybersecurity intelligence with payment data to identify risks such as stolen credentials, malware and data breaches before criminals can exploit them.