Strathmore University’s 2025 financials are interesting.
With 9,421 students, the university reported:
💰 KSh 8.15B total income
🎓 KSh 5.19B from tuition, 64% of income
📈 KSh 432M surplus for the year
👨🎓 9,421 students
💵 About KSh 866K total income per student
Strathmore is not just an academic institution. It is a sizeable financial enterprise.
Education is big business. 📚💰
The ICT Authority, in partnership with IBM, invites you to a free virtual training under the Training Million Citizens 2.0 programme.
📅 1st–3rd Sept. 2026
⏰ 6:00–8:00 PM
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❌ Certifications that are WORTHLESS:
・English B1
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・Generic AI course
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In banking and fintech cybersecurity, tech vendors and developers are routinely scheduled to push code updates, run migrations, and test integrations between 12:00 AM and 6:00 AM when customer traffic is at its absolute lowest.
Because banks process millions of commercial transactions during standard working hours (8:00 AM to 5:00 PM), making structural changes to a mobile money banking pipeline during the day risks freezing the system, dropping active user calls, and halting transactions.
On June 6, 2025, at around 5:30 A.M, NCBA Bank officially activated the vendor contract and granted a consultancy firm, Ronford Digital Limited's employee, Evans Nandwa, a live backend privileges to begin system maintenance and upgrades for its NCBA Rwanda subsidiary.
According to DCI Banking Fraud Investigation Unit (BFIU) court filings, at 5:33 AM, just three minutes after receiving live backend access, Nandwa altered the core application codebase.
He specifically manipulated the mobile integration logic governing the MTN mobile money network in Rwanda. Under his modified logic, whenever a withdrawal request hit the network, the system was forced to bypass validation checks entirely and automatically return a fake "Success" status code. This script was pre-programmed with 70 ghost account profiles.
The code was hardcoded with a highly specific filter that applied only to those exact 70 ghost accounts. If a withdrawal request came from any of the specific 70 ghost account numbers on Nandwa's list, the system would skip the balance check entirely, never looked at how much money they had, not to check if the account is fake, and instantly send a "Success" signal to MTN Rwanda.
By restricting the loophole to just those 70 accounts, the fraudsters achieved two critical goals: It ensured that only their pre-programmed script and automated wallets could siphon the money.
Two, random members of the public wouldn't accidentally discover the glitch and start withdrawing funds, which would have triggered immediate chaos and alerts.
For almost a week, the architectural flaw remained invisible. From June 6 until June 14, 2025, everything looked perfectly normal on the surface to NCBA Bank, as core systems reported standard operational metrics while the exploit quietly ran in the background.
Because the exploit was hidden deep inside the database queries, it was completely invisible to the daily operational dashboards. The bank only realized they had been shortchanged when the physical cash balances were tallied during the standard end-of-week settlement on June 14.
On June 14, NCBA's technical risk team performed a routine end-of-week settlement and reconciliation audit, and discovered a massive cash deficit of 57.5 million shillings that came from 70 ghost accounts, matching 260 transactions that were pushed through the Rwandan MTN mobile network.
In banking sector, an end-of-week reconciliation is a standard administrative process. The bank's systems automatically cross-reference two primary data sets; What the bank's internal database says customers withdrew, and What the telecom partner (MTN Rwanda) actually paid out in cash.
Normally, these two figures match down to the exact cent. However, on June 14, 2025, the automated script flagged a massive, irreconcilable deficit.
While the external telecom ledger showed that MTN Rwanda had successfully paid out Ksh 57.5 million to mobile money users, NCBA's internal deposit accounts showed no corresponding debit entries, fees, or even valid account holders for those transactions. The money had simply vanished into the mobile ecosystem through "ghost" approvals.
The exploit was designed to bypass system validation across the board. It cleared transactions for 70 ghost accounts that the system forced into a "success" state.
We Tried South Africa Twice. It Failed.
M-Pesa was launched in South Africa twice. It failed both times.
The East African model solved for cash held outside banks. In South Africa, most customers already received money into bank accounts. Epimack Mbeteni explains why the proposition had to be rebuilt.
🚨 COURT OF APPEALS SENDS A REMINDER: AFTER YEARS OF MARRIAGE, THE REAL PROPERTY BATTLE MAY BEGIN ONLY AFTER THE LOVE IS GONE
In CLO v AJM alias AO [2026] KECA 1599 (KLR), the Court of Appeal has delivered a powerful reminder to married couples: what happens during the marriage can determine what you walk away with after divorce. The parties had been married for decades and acquired several properties. When the marriage collapsed, so did the assumption that everything would simply be shared down the middle. The husband challenged a High Court decision that gave him only 20% of the Avenue Park house, despite his evidence that he purchased it through a loan and personally serviced the loan from his salary. The dispute eventually reached the Court of Appeal, where the judges went back to the evidence and asked the question that matters when the marriage is over: what did each spouse actually contribute?
The Court held that marriage does not, by itself, give either spouse a fixed beneficial share in matrimonial property. Contribution must be established, and the law recognizes both financial and non-financial contribution, including childcare, domestic work, companionship, management of the matrimonial home and family business. After re-evaluating the evidence, the Court found that the High Court had no evidential basis for awarding the wife 80% of the Avenue Park house while giving the husband, who had purchased and serviced the loan, only 20%. The Court reversed the distribution and awarded 80% to the husband and 20% to the wife. At the same time, the Court reaffirmed that a spouse's contribution cannot be reduced to who wrote the biggest cheque.
And here is the warning every married person should take seriously: DO NOT WAIT FOR DIVORCE TO START THINKING ABOUT YOUR PROPERTY RIGHTS. If you are buying land together, servicing a mortgage, paying school fees, running a family business, building a home, raising children or carrying the household while your spouse earns, those contributions may matter when the marriage ends. But if the dispute comes, what cannot be proved may be as important as what actually happened. Keep the agreements. Keep the payment records. Keep the loan documents. Keep evidence of major improvements and contributions. Because when a marriage breaks down, “I paid,” “I built,” “I supported,” and “we agreed” are only allegations until the evidence speaks. CLO v AJM is therefore more than a divorce-property case; it is a reminder to document your contribution while the marriage is still intact, because the easiest time to prove your property story is before the story becomes a courtroom fight.
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