An unbelievable season which didn’t end in the way we all dreamed of. That doesn’t change the fact we are still champions of England!
Looking forward to celebrating that with the thousands of fans tomorrow in North London!
Thank you for all the support this season ❤️
After almost seven years at this club, it’s hard to put into words what this moment means to me.
I arrived at this club when I was 18 years old. Far from home, barely speaking the language, trying to adapt to a completely new culture, new life and chasing a dream that felt so big at the time.
I didn’t know exactly what the future would hold, but I knew I wanted to give everything for this club.
We didn’t just build a team, we built a family, an identity, and something the fans could believe in again. To see this club back where it belongs is one of the proudest moments of my career.
I want to thank my family, thank everyone at the club, the staff, my teammates, and every person working behind the scenes. Most importantly, thank you to the fans. Your support, patience and love throughout these years never went unnoticed. You stayed with us through the difficult moments, and this title belongs to you as much as anyone.
This club changed my life. I will always be grateful for the privilege of wearing this shirt.
PREMIER LEAGUE CHAMPIONS 🏆
Bukayo Saka is the only player in Arsenal’s current squad who started Mikel Arteta’s first game in charge.
Seven years later, they're Premier League champions and have a Champions League final still to play.
Football 🥹
KRA has refused to let Java House go.
You definitely know Java House.
Me, I first encountered it in 2015 while hunting for an attachment in the streets of Nairobi.
All along, I thought it was a biig college teaching Java coding. With branches in every corner.
Until my boss asked to meet me there.
I rushed thinking the legend had enrolled for classes.
Only for him to order coffee for me.
Since then, it has been my favourite coffee joint.
Buana ushamba iheshimiwe.
Now,
In 2012, the two founders of Java House had made their kill after running the company for 13 straight years since 1999.
It was time to go to the beach. They sold the company to ECP Africa in Mauritius.
There was no capital gains tax in Kenya then. So the boys left with their money KRA free.
Before ECP bought the company, they knew:
- Kenya changes laws very fast.
- If they bought shares directly in Kenya
- And later sold them
- They could face taxes if laws changed
So they got smart. They set up a shell company in Mauritius. Called it Java House Mauritius Limited. This company is the one that bought Java House Kenya.
So we now have:
- ECP Africa (Mauritius) owning
- Java House Mauritius
- Which owns Java House Kenya
Clean stuff.
Time came to cash out.
ECP Africa remembered it was also owned by ECP fund in Washington DC.
And ECP DC had a subsidiary management company in Kenya called ECP Kenya Limited.
They agreed and tasked ECP Kenya to:
- To study Java house and improve the business to make more valuable on behalf of ECP Africa.
- Decide when to sell it
- Find a buyer
- Negotiate the deal
In short, ECP Kenya was managing the entire investment.
As all this was happening, they are unaware of one dangerous sentence chilling quietly in Kenyan tax law.
It reads:
• Any company managed and controlled from Kenya is a Kenyan resident company.
In 2017, ECP Africa sold Java house Mauritius company to a Dubai mogul for $100M.
- About 10B shillings.
Everything happened in Mauritius. No shares moved in Kenya to trigger anything.
• Deal is closed. 0 tax.
Bahati mbaya, KRA caught wind that Java is gone.
KRA immediately embarked on a fault finding mission.
And in 2022, found that:
- The entire transaction was managed from Kenya
- Through ECP Kenya
They invoked the one dangerous sentence. You remember it?
• Any company managed and controlled from Kenya is Kenyan company.
KRA said:
• This deal is Kenyan
• Tax must be paid in Kenya
Tax demanded: 2.5B
ECP Kenya to pay it.
ECP Kenya ran to the tax appeal tribunal. Tribunal sided with KRA.
ECP Kenya ran to the High Court. They judge looked at the case and asked KRA why it behaved like a bitter ex.
KRA responded: My Lord, imagine educating your wife, then akigraduate she leaves you for a man of her class. How would you feel?
Judge akakubali inauma.
ECP wakaambiwa walipe tax.
Case closed.
Lesson.
• Structure your offshore deal properly.
• Or KRA will structure it for you.
Mogeni J: You are so emotionally entangled in the matter. Please as counsel, from the way you are talking, divorce yourself from the matter & relax. As you say you're a relative to the parties, but here you are a counsel on record
Counsel: Facts will not change even if you take us to mediation 😂😂
Mogeni J: You are so emotionally entangled in the matter. Please as counsel, from the way you are talking, divorce yourself from the matter & relax. As you say you're a relative to the parties, but here you are a counsel on record
Counsel: Facts will not change even if you take us to mediation 😂😂