Arafathi Franc

NOVANTA. Liverpool FC & Ferrari F1. A polite Son, loving husband & best dad ever! Commercial farmer.

[Yoko @Kibet_bull]

In 2024 Ruto said that the head of Japan had given him 100B to develop Likoni Ferry, in 2026 he said that he has set aside 3B to develop Likoni Ferry.

Where did 97B go?

[Mohamed Komora @mohamedkomz]

@timexx47 Calling me an Uhurustan AND then trying to spread misinformation about a project I PERSONALLY built up the rates for the bid which was supposed to be the winning bid is nasty work. So here is the advert and the bidding documents. All by KeNHA.

[Arafathi Franc @arafathi]

@TulinSnr KQ was leasing an A330 for that early route last year…perhaps it’s an issue of capacity as currently they are mostly flying the B737s

[Nelson Havi SC @NelsonHavi]

A significant step towards taming wanton disregard of the law by State officers as a Judge restrains the Speakers of the National Assembly and the Senate from campaigning for Government allied candidates in elections.

[Julians Amboko @AmbokoJH]

The Sovereign Wealth Fund Bill 2026 has been signed into law this morning.

Kenya now has a Sovereign Wealth Fund which constitutes 3 funds:

· The Stabilisation Fund which is designed to provide the national government with resources for management of shocks

· The Strategic Infrastructure Investment Fund which is designed to provide funding for strategic infrastructure investment priorities that are aligned to the national development plan

· The Future Generations Fund which is designed to to ensure that the benefits of the use of resources are shared equitably between present and future generations

Two things worth pointing out:

· Per the Act, 30.0% of the total mineral & petroleum revenues will be ringfenced for the Future Generations Fund

· The Act prohibits investment of the Funds in speculative derivatives, unlisted or real estate located in Kenya, private equity, art or commodities or securities issued by a Kenyan issuer

[بهاء خليل Bahaa khaleel @rosemag_3]

هذا الهدف المصري الملغى
سيبقى شاهدأ على فساد الفيفا
الى الابد

[Arafathi Franc @arafathi]

@TulinSnr Both 2 remaining are with Turkish?

[Anything Liverpool @AnythingLFC_]

ANDONI IRAOLA ERA HAS OFFICIALLY BEGUN 🔥 🔥

[Julians Amboko @AmbokoJH]

Glee Hotel has been placed under administration.

The hotel has hosted quite a number of Parliamentary public participation sessions, including those of Finance Bill 2026.

[Joseph S Blatter @SeppBlatter]

Red cards are not overturned by political phone calls. They are overturned by rules, evidence and independent bodies. If a U.S. President intervenes with the FIFA President — and a player is suddenly cleared before a World Cup knockout match — the question is unavoidable: Quo vadis, FIFA?

Football must never become a playground for political power. #FIFA #WorldCup #GianniInfantino #DonaldTrump

[Garzulo 🐓🇦🇷🇮🇱🎵 @jdgarzulo]

Haaland de paseo

[Nelson Havi SC @NelsonHavi]

The Senate Committee on Delegated Legislation recommended the nullification of the Motor Vehicles Inspection Rules pursuant to which some individuals in Government had purposed to steal from Kenyans. With this recommendation, the petition before the High Court challenging the inspection should succeed. Let us say NO to more theft by these thieves.

[Hon. Njeri Maina @Hon_Njeri_Maina]

We have won!!!

The High Court has declared unconstitutional the Petition I filed challenging sections of the Computer Misuse & Cybercrimes (Amendment) Act, 2025!

Sec. 6 (1) (J) (a) has been declared unconstitutional!! The state can’t stifle Kenyans rights and freedoms to free speech!

A huge thank you to my advocates; George Sakimpa & Andrew Muge!

[Donald B Kipkorir @DonaldBKipkorir]

Kiambu County was meant to be the food supplier for Nairobi City. Its abundant arable land produced Coffee, Tea, Cereals, Vegetables & Fruits for City residents & for export.

Then Kiambu land owners with connivance of Kiambu County Government have decided to convert the County into a concrete jungle of bed-sitters!

Soon, Kenya will be importing food from Uganda to feed its City Citizens and the residents of Kiambu who were once farmers!

Without self-sufficiency in food production, a country can never be developed!

[Arafathi Franc @arafathi]

South Africa kicked out fellow Africans now their local economy is in shambles

[Liverpool FC @LFC]

Jacquet's first words at the club 🗣Jacquet's first words at the club 🗣Jacquet's first words at the club 🗣Jacquet's first words at the club 🗣Jacquet's first words at the club 🗣️

[Irungu Nyakera, CBS @wnyakera]

Doc, I am not arguing the NSE mispriced Safaricom but that a VWAP premium is the wrong benchmark for a control transaction, speaking as a former Wall Street banker.

But since you raise informational efficiency, perhaps you can explain why CS Mbadi told Bloomberg four months before signing this deal that unbundling M-PESA would unlock huge value for Safaricom, then signed at a blended telecoms price that valued M-PESA at less than one times its annual revenue.

And while you are at it, tell Kenyans why the government sold a future dividend stream worth KES 200B for KES 40.2B.

[Liverpool FC @LFC]

We have completed the signing of defender Jeremy Jacquet from Stade Rennais on a long-term contract, subject to international clearance 👌

[Irungu Nyakera, CBS @wnyakera]

Kenya did not lose KES 16 billion on the Safaricom sale. It lost far more.

Based on my expert witness affidavit filed before the High Court in Constitutional Petition E051 of 2026, the minimum quantified loss is KES 143.7 billion, rising to over KES 437 billion when all components of the transaction are properly valued.

The shares were sold at KES 34 each. Using five internationally recognised valuation methods including discounted cash flow, dividend discount, comparable companies, sum of the parts, and precedent transactions, I arrived at a fair value of KES 57 to KES 80 per share. At the conservative midpoint of KES 57.90, Kenya left KES 143.7 billion on the table.

That excludes the true value of M-PESA. M-PESA processes KES 38.3 trillion annually, more than twice Kenya’s GDP. Applying the valuation multiple used when Mastercard invested in MTN MoMo values M-PESA at about KES 1.27 trillion, increasing the loss by another KES 133.8 billion.

The government also accepted KES 40.2 billion upfront in place of a future dividend stream with a present value of about KES 200 billion. That alone represents an additional KES 159.8 billion in lost value.

The bigger question, however, is not just valuation. It is process. A transparent and competitive sale would have allowed the market to determine the best price through competing bids and independent price discovery. Instead, Kenyans are left asking whether they received fair value for one of the country’s most strategic assets. By my analysis, the answer is no. The cost to taxpayers is at least KES 437 billion.