Sakwa Otipa

Entrepreneur | Founder at Orbit Capital Limited

[Mwenda @MwendaKev]

It was on this day that I knew that if ever he'd need my support, I'd give it. Freely. People were dying. He's the only one who said stop. The KTN livestream showed it more clearly.

[Jensen Huang @JensenHuang]

For my first post, I’m sharing a letter @NVIDIA signed on why open models matter.

AI will transform every industry, power every company, and be built by every country.

Open models strengthen safety and cybersecurity, accelerate innovation and diffusion, and enable sovereignty.

The world needs both frontier closed models and frontier open models.

https://t.co/AUKzoQ5Ikb

[Fabrizio Romano @FabrizioRomano]

Leo Messi and Lamine Yamal. 🫂

🎥 @MickyJnr__

[FIFA World Cup @FIFAWorldCup]

Spain are #FIFAWorldCup Champions. 🏆

[Business Daily @BD_Africa]

Abdi Mohamed has resigned as Absa Bank Kenya CEO three years after he took the job.

https://t.co/vMcyaZ5fGK

[Mwango Capital @MwangoCapital]

SpaceX only needed to hit $138 per share for Elon Musk's net worth to cross $1 trillion.

The stock opened at $150 and briefly traded at $160, pushing him comfortably past that milestone.

A company Musk once said had less than a 10% chance of surviving has now produced the largest IPO in history.

[The New York Times @nytimes]

Breaking News: Elon Musk became the world’s first trillionaire as SpaceX shares soared above $150 on its first day of trading. https://t.co/bq5ARi7rgB

[Sakwa Otipa @SakwaEmmanuel]

@KenyaPower_Care Please check DM

[Moe @moneyacademyKE]

CBK released an interview with former CBK Governor Micah Cheserem.

Some of the Key points to note:

— He says banks “wanted to kill” M-Pesa
— He says he ordered burning of thousands of exchange-control documents (about 47 truckloads)

[Bharat Thakrar @bharatthakrar]

I built this company. I've watched its value fall 62% in four years. Today its minority shareholders vote to hold the board to account, a vote we cannot win but will not stay silent on. Here's why. #WPPScangroup, @WPP

[ROYZ @royzkingin]

To achieve anything significantly big in life, you must be disgusted by mediocrity.

[femiiiiii. @femiiiszn]

adulting really humbles you. i finally understand why some people go quiet, stop posting, or just disappear from social media.

[Sakwa Otipa @SakwaEmmanuel]

@OrbitCapitalKe

[Fabrizio Romano @FabrizioRomano]

🚨🚨 PARIS SAINT-GERMAIN BEAT ARSENAL AND WIN BACK TO BACK CHAMPIONS LEAGUES! 🏆🏆

Historical achievement for PSG. 🔴🔵💥

[Jeff Bezos @JeffBezos]

All personnel are accounted for and safe. It’s too early to know the root cause but we’re already working to find it. Very rough day, but we’ll rebuild whatever needs rebuilding and get back to flying. It’s worth it.

[Elon Musk @elonmusk]

Cybercab driving itself out of the GigaTexas factory

[✧ @whotfisDuke]

its important to remember that your goal is to do well, not to convince other people that your doing well.

[CPA Wachira Joseph @WashiraX]

What Julians has submitted is extremely critical. Extremely.

Right now:
• You partly tell KRA what you earned
• You tell KRA what tax you owe

If finance Bill 2026 passes,

It is KRA that will strictly tell YOU:
• What you earned
• What tax you owe

How?
• By pulling data from anywhere
• eTIMS, banks, third parties, govt ministries integrations, etc

If KRA sends you a tax bill. And it is insane. And you disagree. Who must prove it is wrong?

The bill says it is you.

But here is the danger. KRA is NOT required to tell you:
• Where they got the data from
• Or how they arrived at the figures

So you are left there. Trying to fight numbers you cannot see.

And some of those numbers could be system errors.

Now ask yourself,
- How do you disprove something you don’t even understand? Are you an angel?

What Julians is saying is simple.

If KRA wants to tax you using their data, KRA must prove to you and the courts that that data is:
• Accurate
• Reliable &
• Defensible

Is that a fair argument?
Or should taxpayers just fight ghosts?

[Julians Amboko @AmbokoJH]

Should the taxpayer still bear the burden of proof in instances where a tax dispute with the Revenue Authority is based in pre-populated & third party data?

In my submission before the National Assembly's Finance & Planning Committee on behalf of the Tax Research Centre at @StrathU, I argue that Finance Bill 2026's proposals seeking to anchor Incomes & Expenses Validation in law will be incomplete if they do not include a proposal for the the Revenue Authority being saddled with the burden of proof in such instances.

Here's why:

· Finance Bill 2026 proposes to amend Sec75 of the Tax Procedures Act to provide that the Revenue Authority may use technology to pre-populate tax returns on behalf of a person required to submit or lodge a tax return

· Finance Bill 2026 further proposes that a person required to submit or lodge a tax return may rely on pre-populated return generated by the Revenue Authority to file their return

· Finance Bill 2026 proposes to amend Sec112 to provide that the Cabinet Secretary of the National Treasury may make Regulations for the procedure for the submission or lodging of returns based on pre-populated tax returns generated by the Revenue Authority

Here's where the problem is:

· In all this, Sec56(1) which provides that "In any proceedings, the burden shall be on the taxpayer to prove that a tax decision is incorrect" remains unchanged

· Sec56(1) is predicated on the fact that Kenya has been running on a self-assessment based regime & the data upon which tax disputes emerges was held by the taxpayer

· With Incomes & Expenses Validation & the onset of a Dual Assessment regime in Kenya, taxpayers are now exposed not just to errors of judgement & data on their part, but also errors of technology & transmission which are out of their control

· Can we really still have the burden of proof lying exclusively with the taxpayer in an environment where tax compliance has shifted from a function of record keeping to one where system integration reliability is now a key factor?