dcrioba

Analyst.Investment I Sell Ideas l Entrepreneur & Advisor on Credit IContent creator I Auditor Digital Channels.

[dcrioba @danchacha27]

https://t.co/UBmTOFAI29

[dcrioba @danchacha27]

@sufyanmaan YT

[dcrioba @danchacha27]

@moneyacademyKE @grok use example sovereign countries that declared their debt odious.Also outline the possible outcomes for this petition.

[dcrioba @danchacha27]

@citizentvkenya @KoinangeJeff Africans do need any more universities to blossom in matters Goverance, they need moral and character re-imagination& restoration. We are morally eroded.

[dcrioba @danchacha27]

@AmbokoJH @LawSocietyofKe @alnafrica @CDHLegal @grok is this computation correct or misinterpreted?

[dcrioba @danchacha27]

@AokoOtieno_ If that is true ,then this man should die of cancer♋

[Moe @moneyacademyKE]

Kenyans now pay more in taxes on petrol than the actual cost of the fuel.

The gov't charges Sh80.50 in taxes per litre of Super Petrol, while the actual product cost is only Sh77

[dcrioba @danchacha27]

@ElonMuskOde 11

[dcrioba @danchacha27]

@KoinangeJeff @citizentvkenya @KETRACO1 @monicakiragu_ @xtiandela The CEO IS very much informed! thanks
@citizentvkenyafor bringing such a brilliant guest on #JKLIVE , things well explained.!

[dcrioba @danchacha27]

@C_NyaKundiH Sema directly ni @StandardKenya , @NationMediaGrp 😂😂

[dcrioba @danchacha27]

@gpdkaluma Kaluma you are the same as other Bootlickers!!!How suddenly has President Ruto become so Good and nice that you are now showering him with praises!! We have now known you better you rotten Cabbage!! Kaluma Kadundo!!!🚮

[Tristan Snell @TristanSnell]

Elon Musk's purchase of Twitter was financed by borrowing money

He used his Tesla stock as collateral

If Tesla stock keeps crashing, the banks/creditors could repossess Twitter

THAT is why Elon is panicking - and why he pushed Trump to do the disgusting White House car show

[Christopher Ho @Chr1stopherHo]

BYD isn't just beating Tesla - it's humiliating them:

• Sold 4 Million EVs in 2024 (Twice that of Tesla)
• Tesla, Ford, and Toyota fight over its batteries
• Warren Buffett invested $232M for a 10% stake

How China quietly built BYD into the world's biggest EV empire 🧵

[Gichuki Kahome @kahome_steve]

My investing preferences. What are yours?

1. I prefer bonds to real estate for passive income

2. Save in a Money Market Fund over a savings/fixed deposit account

3. Invest in cash generating assets over idle/dead assets

4. Invest a portion of my money in offshore ETF that tracks the S&P 500

5. Invest a portion of my money in Bitcoin

6. Use Life insurance for wealth protection, estate planning and wealth transfer

[Adam Oxsen @AdamOxsen]

In 1970, the UK and Norway both discovered oil in the North Sea.

The UK sold their reserves to private markets while Norway kept state ownership.

This ONE decision created the biggest wealth gap in European history.

Here's the full story: 🧵

[Mwango Capital @MwangoCapital]

Here is an example from Qona Sacco on how Saccos are dealing with the funds lost in the scandal at KUSCCO:

—Qona Sacco reclassified a KES 104.7M fixed deposit due from KUSCCO into receivables, indicating concerns over recoverability.
—Instead of fully writing off the impaired Kuscco deposit in FY 2024, Qona has spread the impairment over four years, booking only KES 26.1M in 2024.
—This approach clearly overstates assets and understates losses, distorting the true financial position [Profits for 2024: 216.9M, Total assets for 2024: 12.95B]
—IFRS 9 requires immediate recognition of the full lifetime expected credit loss when an asset is credit-impaired.
—The Sacco goes ahead to promise to pay KES 125.993 in dividends in FY 2024.
—The financial statements lack clear disclosures explaining the rationale for the phased impairment, violating IFRS 7 transparency requirements. They state that this is actually "contrary to IFRS"
—PKF Kenya LLP, the external auditor, issued a clean opinion without flagging this misstatement as a Key Audit Matter.

Why all this?

[Mwango Capital @MwangoCapital]

IG Sacco has booked a KES 588.7M impairment charge related to its investment at KUSCCO which made them swing from a profit (surplus) of KES 549M in 2023 to a loss (deficit) of KES 38.8M in 2024.

The Sacco still intends to pay KES 242M in dividends.

Messy KUSCCO.

[Mwango Capital @MwangoCapital]

The mess at KUSSCO:

[Mwango Capital @MwangoCapital]

Ushuru DT Sacco has an impairment of financial assets at Kuscco of KES 7.8M [Shares held in KUSCCO of KES 5M & Savings held in KUSCCO Central Finance Fund of KES 2.8M]:

[Mwango Capital @MwangoCapital]

If your Sacco is not fully impairing its deposits & shares in KUSCCO, it is ignoring IFRS 9.

When credit risk increases significantly (as it has with KUSCCO), IFRS 9 requires recognizing lifetime expected losses immediately, not spreading them over years.

Take the big bath now