Will Opiyo

Founder, AgentsHub Kenya

[Will Opiyo @Will_Opiyo]

Here's Jane Mugo showing us how to beat deadlines

[Moe @moneyacademyKE]

Kenya lost its position as Africa's top startup funding destination after startups raised Sh16 billion in the first half of 2026.

Egypt led with Sh42 billion, followed by Nigeria with Sh33 billion.

[Moe @moneyacademyKE]

Banks are cutting PesaLink transfer fees to challenge M-Pesa.

Nineteen banks now offer free PesaLink transfers up to Sh1,000 and a flat Sh20 fee for transfers between Sh1,001 and Sh999,999.

The full list of the 19 banks is in the thread below.

[Moe @moneyacademyKE]

A Kenyan court has rejected Zenka Digital's 438% annual interest rate on a digital loan, calling it unfair and excessive.

This comes after the lender sought to recover Sh152,000 from a borrower who had taken a Sh76,000 loan, with the court ruling that Zenka could recover only the loan amount plus limited interest.

[Kimi.ai @Kimi_Moonshot]

Kimi K3 has received far more love than we expected, and our GPUs are feeling it.

Over the past 48 hours, demand has pushed close to the limits of our current capacity. To protect the experience of existing subscribers, we're temporarily pausing new subscriptions and prioritizing compute for current members. Existing subscribed users are not affected.

We're adding capacity as fast as we can and will reopen new subscription spots in batches.

Going forward, we'll also split membership into two more focused plans: Kimi Membership for Kimi Web, App, and Work; and Kimi Code Membership for coding workflows. This will help us match compute more precisely and keep the experience stable.

Thank you for your patience and understanding!

[Moe @moneyacademyKE]

Tullow Oil has received an extra Sh1.16 billion from Gulf Energy after giving up its rights to future royalties and participation in Kenya's Turkana oil project.

Gulf now aims to start commercial oil production on the Turkana fields by the end of the year.

[Moe @moneyacademyKE]

Kenya received a record Sh414 billion in foreign investment in 2025, up 38% from 2024.

Most of the money came from investments in digital infrastructure, AI, semiconductor projects, and renewable energy.

[CPA Wachira Joseph @WashiraX]

Money lenders can now call KRA bro.

Because starting 1st July 2026,

Finance Act 2026 has ended one of the biggest tax fights between KRA and money lenders.

For years, banks, microfinances and digital lenders have fought KRA in the Tax Appeals Tribunal and superior courts over one simple question.

A loan has two parts.
• The principal, and
• The interest.

Take for example a lender who gives out a loan of Ksh 1 million. At an interest of Ksh 100,000.

Then the borrower disappears. And all recovery efforts fail.
The lender finally gives up and writes off the loan.

The question is,

• What amount should the lender deduct for tax purposes?

- Is it the principal of 1 million? Or
- The interest of KSh 100,000?
- Or both?

KRA's position has traditionally been,
- Only the interest qualifies as a bad debt deduction. The principal does not.

Money lenders argued the opposite.
- The principal is our stock. That's what we trade with. If the principal is lost, that is a genuine business loss. It is tax deductible.

This disagreement has generated some of the fiercest tax battles between KRA and lenders.

One of the most notable being Branch International Ltd v KRA, involving over Ksh 800 million in loan write offs.

Finance Act 2026 has now settled the war.

• It expressly provides that, for banks, licensed financial institutions, microfinance institutions and money lenders, a bad debt includes:

- The principal.
- The interest.
- And any other amount relating to the debt.

KRA and lenders can finally call each other buddies.

Meanwhile, the professional loan defaulters have entered the chat. They are asking,

So if Tala or Branch writes off my loan as a bad debt, does that mean KRA has carried the burden for me? Should I still repay?

[SokoAnalyst @SokoAnalyst]

Interesting development.

[Moe @moneyacademyKE]

MPs have now officially PASSED the Finance Bill 2026

[Moe @moneyacademyKE]

Nvidia has unveiled a powerful laptop chip for Windows PCs.

The new chip is designed to boost AI performance and power the next generation of consumer laptops.

[Julians Amboko @AmbokoJH]

Proposals regarding taxation of mobile phones was huge issue at the submissions.

· Clauses 31(a, ix) & 32(c) of proposing to shift locally assembled phones from VAT zero-rated to VAT-exempt proved to be a matter of intense debate
· Clause 36(a, i) introducing 25.0% excise duty on imported & locally assembled mobile phones was equally a hot issue

Simulation of impact by stakeholders:

· Safaricom Plc (@SafaricomPLC) argues that taken together, we are staring at a potential ~ 46.0% rise in retail prices
· Sunking (@SunKingGlobal) gave two scenarios:

1. There will be ~11.0% retail price increase required to make the current operations for imported finished phones viable under a Finance Bill 2026 tax regime
2. There will be a ~34.0% retail price increase required to make the current operations for locally assembled phones viable under a Finance Bill 2026 tax regime

· Sunking's computation has been challenged by the authorities to the extent that it factors in 25.0% import duty & Border VAT at 20.0% under its Finance Bill 2026 simulation
· Sunking's rebuttal to this counter is that the exemption has been carefully drafted to capture "the supply of imported phones" & not "imported phones" & the two are starkly different things

[Moe @moneyacademyKE]

Phones in Kenya may become more expensive.

This comes after Kenya’s Treasury proposes a 25% excise duty on imported mobile phones in the Finance Bill 2026.

For example, a phone costing Sh20,000 could rise to about Sh25,000.

[Love Music @khnh80044]

43 years ago, Michael Jackson stepped onto the stage in that fedora and gave the world the moonwalk for the very first time 🕺✨
A legendary Billie Jean performance that still feels untouchable today 🔥🔥

[Julians Amboko @AmbokoJH]

Why should this proposal bother us?

Two reasons:

· The first one is that on my count, this is the fourth time that an attempt is being made to remove the guardrails that anchor tax justice as far as agency notices are concerned

1. Finance Bill 2022 proposed that any appeal must be preceded by a deposit equivalent to 50.0% of the amount in contest. It was rejected
2. Finance Bill 2024 proposed that any appeal must be preceded by a deposit equivalent to 20.0% of the contested amount. It was rejected
3. Clause 42(v) of Finance Bill 2025 proposed to amend Section 42 of the Tax Procedures Act to allow KRA to issue an agency notice where a taxpayer has appealed against an assessment. It was rejected

I made a submission before the National Assembly's Finance & Planning Committee challenging this proposal in Finance Bill 2025.

[Moe @moneyacademyKE]

I&M Bank has launched a Sh20 billion Medium-Term Note programme to support lending and growth.

The note offers 12.20% for a period of 5 years 6 months.

[Pong✨ @FwPongg]

How to get a job in 2minutes😂

[Quam🎭 @Quamclips]

Michael Jackson’s final photo in critical condition was taken through an ambulance window in 2009. Sold for $500,000, it reportedly changed the paparazzo’s life. The fear on his face made the haunting image unforgettable.

[Droid @droid254]

if you are in business especially if you import stuff from China check a AI platform called Accio by Alibaba ...you can even use it to find suppliers and run complex business tasks

[Will Opiyo @Will_Opiyo]

How much?

[khalif kairo @KhalifKairo]

Weighs around 110 KGs💀

[Moe @moneyacademyKE]

Bolt and other ride-hailing platforms are now a main income source in Kenya, with 53% of drivers relying on them as their primary livelihood, according to a new survey.