emmah_K_🌻💛

Life is a gift. Treat it as such everyday 💛🌼

[emmah_K_🌻💛 @emmah_K_]

What if 'it' works out

IT - Job, business, project, relationship, school, family, life etc etc

#Hopeful

[Solange Mbunde @ianmbunde]

Lakini they couldn't help evacuate flood victims #RejectFinanceBill2024

[Kambua @Kambua]

Don’t tire. Type it out. #RejectFinanceBill2024

[Uncle Nene’s @unclenenes]

To God be the glory 🫡

Je, mko tayari?

[Manchester United @ManUtd]

Three goals and three points! ❤️👏

#MUFC || #MUNWHU

[it's by deesign @KuntaKitten]

bedrooms i've designed

[Nyandia Gachago, ACIM @Nyandia_G]

HELLO!!!!

[Gichuki Kahome @kahome_steve]

Remember to join us tonight at 8pm as we discuss Education policies and the solutions that exist for saving for education.

Set your reminders in the link below👇

[Mwango Capital @MwangoCapital]

Prof. XN Iraki [@xnirak] on the depreciating Kenyan shilling:

"Governments often allow the currency to depreciate to make exports more competitive, leading to economic growth. My only concern is the lack of a targeted exchange rate, akin to inflation...A stable exchange rate would facilitate better economic decisions"

[Mwango Capital @MwangoCapital]

@coldtusker @swabrah @Brianmbunde @arnoldi254 @KenyansNoContxt @BrianGeorgeKE @LeonLidigu @OchiengJasper @MihrThakar @kmainaeric 2. The IMF revealed that Kenya is considering exiting the G2G oil deal it initiated in April 2023.

The agreement, meant to stabilize the KES against the USD, is now under scrutiny for potentially distorting the forex market.

#MwangoMemes

[Rufas Kamau ⚡ @RufasKe]

They forced him to apologize. This world is not real 🤣

[Rufas Kamau ⚡ @RufasKe]

In January 2019, the KES was trading at 101 to the USD. On January 2020, it had remained stable at 100. Then in 3 years, it rallied to 161. This is the very definition of currency devaluation.

How does it affect you? A trader in Nyamakima who used to purchase $5,000 worth of imports was spending KES 500,000. Today, they are spending KES 805,000. That's 61% higher.

To maintain that profitability, they have had to adjust their prices +61% in that period or higher. Not because they are greedy but because they need to survive in the business.

@coachyawe may argue that they grow their own food, live in their own house etc. But there's second and third order effects.

A farmer who mostly consumes from their produce still needs to buy cooking oil, healthcare, education for their kids, transportation, etc. Those products are now more expensive as a result of the currency devaluation. So, the surplus farm produce they were selling to get these products isn't enough to cover the same. As a result, they hike their farm produce.

As an employee who did not get over 60% payrise within that period, you have by definition, taken a paycut. In order to bridge that gap, you pressure your employer to increase salary or switch jobs. This leads to a wage-growth spiral.

The only beneficiary to this devaluation is wealthy nations enjoying more stable currencies. You stock more of their currency to run away from your local fiat depreciation thereby making theirs more valuable. They then use that to buy your raw materials at cheaper rates.

In addition, politicians and billionnaires adjust their salaries for inflation and buy the base companies that produce the products you consume daily. They are heavily invested in government bonds, petrol, Safaricom, Kenya Power, EABL, BAT, Banks, and real estate.

So, the little you have left ends up in their pockets as they profit from your consumption.

How do you get out of this chokehold?

[Moe @moneyacademyKE]

Samsung is set to unveil the S24 series today.

The Samsung S24 Ultra leaks show it will have a 30% speed improvement, 25% graphics improvement, 32% brighter, 20% better telephoto,30% faster wifi compared to the S23 U.

More details below

[Poonam Soni @CodeByPoonam]

Microsoft just launched Copilot Pro, and it's insane.

Spoiler: It's BETTER than ChatGPT

Here're 13 Features of Copilot, you don't want to miss in 2024

[Wawira Njiru @wawiranjiru]

4 years ago, we were feeding 10,000 kids a day.
This term, we’re scaling to 350,000 kids a day.
So proud of our team, @Food4Education’s growth and our partners.
Nutritious meals that make school better for hundreds of thousands of kids.
#FeedingTheFuture

[Gichuki Kahome @kahome_steve]

Our first #XSpace of 2024 will be a conversation with @RufasKe on what to expect in financial markets this year.

Set your reminders in the link below👇👇

[Savara Savara Savara @savarafrica]

Did a live version of my song More than a friend ft Nyashinski. Dropping next Friday

[Maureen in Magadi @Very_Maureen]

It means laughter in Maasai. The area is called Kwenia, also Kuenia. A story is told of how when the Maa would be migrating, they’d get to Kwenia and start laughing in joy at the sight of water.

[Maureen in Magadi @Very_Maureen]

In the beginning….

I was told, nobody will come here. It is too hot, too dusty, too remote. And it didn’t help how everything was so basic.
I always thought, I can’t be one in seven billion. I can’t be the only one who finds a place like Kwenia enchanting.
The quiet, the views, the slow days, the disconnect from a hurried connected life.
Convincing my partners that we should take a chance was the highest mountain I ever climbed. We’re not yet, there, but we’re slowly chipping away.

Good morning from Kwenia.

[Summer D’on @summerdonbell]

Lashes specifically for glasses 🤓👓🖤