Mr

Personality to die for.
Somebody stop me.

Strategy | Finance | Mental Health Champ

[Moe @moneyacademyKE]

The University of Nairobi has been declared technically insolvent due to Sh20 billion in debt.

The debt is linked to reduced government funding, high operating costs and unpaid bills, including staff pensions

[Moe @moneyacademyKE]

A block of approximately 4.7 billion Kenya Pipeline Company (KPC) shares worth over Sh42.5 billion was traded by foreign investors at the NSE this morning.

However, the identities of the investors have not been disclosed.

[Moe @moneyacademyKE]

There are conflicting accounts between the Insurance Regulatory Authority (IRA) and Kenya Re over a reported Sh3.4 billion investment in collapsed ARM Cement.

IRA says Kenya Re bought the shares, but Kenya Re denies the purchase.

[Edwin Sifuna @edwinsifuna]

Is he done ranting about the 24K I pay for his housing scam because kuna hii 43k I pay every month for his SHA scam we also need to discuss. Tukimaliza hio ndio tuongee juu ya the 500k in PAYE he takes every single month and splashes on tea and mandazi pale state house all the while insulting us the taxpayers that carry the burden of his greed. In 2027 we are cutting the fat out of our budget to bring relief to all Kenyan workers. The housing levy will go with Ruto.

[Moe @moneyacademyKE]

Kenya’s government spent Sh209 billion on unbudgeted expenses in FY2025/26, nearly three times the Sh72 billion approved in the previous financial year.

Of the total, Sh188 billion went to recurrent expenses and Sh21 billion to development projects.

[Solange Mbunde @ianmbunde]

Every single month, EPRA has been increasing the price of electricity and this is just the last 6 months

[Purist @TheOGPurist_]

I know a False 9 when I see one😭😭

[Moe @moneyacademyKE]

PwC, the administrator of collapsed clean cooking firm Koko Networks, has failed to find a buyer willing to pay a good price for its carbon credits valued at Sh47 million.

Koko owes creditors about Sh21.8 billion against assets worth just Sh249 million.

[Moe @moneyacademyKE]

Kenya is projected to spend Sh2.3 trillion on debt repayments in FY2026/27, consuming nearly 80% of ordinary government revenue.

{This means that for every Sh10 collected, nearly Sh8 will go towards debt repayments}.

[Moe @moneyacademyKE]

Electricity costs have gone up again.

EPRA has added new charges that will increase electricity costs by about Sh4.10 per unit in October.

[CPA Wachira Joseph @WashiraX]

Many people have not understood what KRA means when it says,

KRA is introducing stock management system in eTIMS.

This is what KRA means.

Let us say you run a hardware store, or an electronic shop, or a car spare parts shop, or a petrol station.

You buy 100 bags of cement from Simba Cement. Simba gives you an eTIMS receipt.
Through that sale, Simba has told KRA, we have sold 100 bags of cement to xyz ltd.

KRA on the other end says sawa boss. Then it automatically replenishes your cement quantity in your eTIMS account.

You now have 100 bags in your eTIMS available to sell.

Every time you make an eTIMS sale, the quantity is deducted from those 100 bags.
You sell 20 bags. You have 80 left.
You sell another 50. You have 30 left.

Now, this is where things get interesting.

- eTIMS will not allow you to generate eTIMS receipts when your cement quantity hit zero. It will not permit you to sell air.

The same thing applies to a petrol station.

Your supplier sells you 1,000 litres of petrol. That supplier's eTIMS sale tells KRA you received 1,000 litres. KRA instantly replenishes your eTIMS stock by 1,000 litres.

You sell 700 litres. eTIMS deducts the 700 litres. You should now have 300 litres remaining.

KRA can see the whole movement from the top of Times Tower.

And when the 1,000 litres are finished, you cannot continue selling & issuing eTIMS invoices.

When your supplier makes the next sale to you, your eTIMS stock is replenished and you can start selling again.

So if the business owner declared in his tax return that he had zero litres of petrol left. KRA will call him behind the tent. Wamwambie. Ndugu, ona. You bought 1,000 ltrs. You sold 700. Saa hii unasema iko zero. Where are the other 300 ltrs?

KRA says it is introducing this system to make your business fully visible to KRA. So as to reduce tax evasion.

[Moe @moneyacademyKE]

Kenya’s road construction fell 62% under the current administration, with 2,584 km built between FY2022/23 and FY2025/26.

This compares with 6,813 km built in the previous four years.

[Moe @moneyacademyKE]

The World Bank’s IFC is buying a 6.5% stake in Quickmart for Sh1.9 billion through its Sh15 billion IPO.

This follows IFC, DEG, Amethis and MCB Equity Fund buying 31.5% of Naivas for Sh6 billion in 2020 and selling the stake in 2022 for Sh15.5 billion.

[Trickle Daddy @__DeLay]

"Bra ion think that stick gon work .. u gotta plan b?"

"Nah but I made yo bitch take one this morning"

"This is no time for jokes David!"

[Mr @Muitha_]

We'll sleep when we die.

[Moe @moneyacademyKE]

Kenya is unlikely to get a new IMF deal before the August 2027 elections.

The IMF is concerned that a new government could change the policies agreed under the deal.

[Moe @moneyacademyKE]

Kenya’s domestic debt has hit a record Sh7.78 trillion for the first time ever.

President William Ruto’s government has borrowed Sh3.4 trillion from the domestic market alone since taking office

[Edwin Sifuna @edwinsifuna]

2027 tunachaguana ama tunachongoana😁😁? Ananiita Mr. Empty juu amejaa ngori ama? 😁😁 salaaleh!

[Moe @moneyacademyKE]

The World Bank has mentioned several factors making it harder for private companies to invest in Kenya.

They include:
— Multiple national and county taxes
— Frequent tax changes
— Unclear land ownership
— Cumbersome tax administration
— Perceptions of unequal treatment
— Bribery
— Licensing and permits
— High utility costs
— Unreliable services
— Power outages
— Outdated land records
— Limited access to finance

[Wambua @Itswambuaa]

The cost per kilometer on that Rironi Mau Summit is Sh1.26 billion/km.
I mean Ksh 1,260,000 per meter