Jeff Banks

My life is simple.i empty whats full n fill whats empty n scratch where it itches*

[Jeff Banks @jaymutonyi]

Five Big Lessons For Life: 🧠

1. Failure is when you don't try.
2. Don't try to please everyone and don't care about what others think.
3. Opinions don't change the reality.
4. Learn daily.
5. Your are in charge of your own happiness.

[Jeff Banks @jaymutonyi]

UGUQ316O2Y Confirmed. Ksh300.00 sent to KPLC PREPAID for account 92111056104 on 30/7/26 at 2:13 PM @KenyaPower_Care I bought tokens and I haven't received

[Jeff Banks @jaymutonyi]

Good Afternoon@GlovoKenya I ordered pizza on Monday and it was next delivered but on the app it says that it was delivered. I have tried reaching out to pizza inn and they said the order was delivered. Kindly assist

[CPA Wachira Joseph @WashiraX]

Kenya has introduced a new 25% tax on software subscriptions.

One of the principles of a good tax system is simplicity.

Taxes should be easy to understand. Easy to comply with. And inexpensive to administer.

Finance Act 2026 has introduced new rules for software subscriptions.

• The Act now classifies payments for software licences and software subscriptions as royalties.

- As a result, every time you pay an overseas software company, you are now required to withhold 20% tax and remit it to KRA.

- Then pay the software company the remaining 80%.

For example.

Suppose you pay Google, Amazon or Microsoft USD 1,000 every year for software subscriptions.

The law says:
• Confiscate 20%, USD 200.
• Remit it to KRA.

Then pay the software company USD 800.

There is only one problem, however.
- Software subscriptions are paid either in full or not at all.

Google does not care that you have complied with the Kenyan tax laws. You either pay them 1,000 USD or go home.

So what happens to continue using the software and keep KRA happy?

- You pay Google their full USD 1,000.

In doing so, KRA treats the USD 1,000 as the net amount after withholding tax. That means the original invoice is deemed to have been USD 1,250. How?

Ulikua unaangalia mwalimu na ruler ukiuliza hesabu ya cross multiplication itakusaidia aje maishani. Ona Sasa.

If USD 1,000 = 80%,
Then 100% = USD 1,250.

The withholding tax therefore becomes USD 250.

Meaning:
• Google gets their full USD 1,000.
• Then you go back to your pocket to pay KRA USD 250.

Total software cost = USD 1,250.

In effect, the law has quietly introduced a 25% tax on many software subscriptions.

Even if a small taxpayer genuinely wanted to comply, how exactly are they supposed to comply when the giant software company insists on being paid in full?

This is the new law. Adjust accordingly.

[Jeff Banks @jaymutonyi]

@sirbodo65 @moneyacademyKE Yes

[Mutonyi @Mutonyi]

@WashiraX Kinyozi hajinyoi

[Jeff Banks @jaymutonyi]

@Asamoh_ What did your father do??

[Jeff Banks @jaymutonyi]

An immigrant scores against the Xenophobic South Africa. Poetic justice.

[Kenyan Wall Street @kenyanwalstreet]

CBK Governor Thugge confirmed no grace period will be granted to banks failing to meet the KSh 3B minimum core capital requirement.

3 are in breach and expected to get cash from owners, with Treasury to support one.

▸ Development Bank of Kenya ➠ KSh 2.16Bn (Dec 2025)
▸ Credit Bank ➠ KSh 1.36Bn (Mar 2026)
▸ Consolidated Bank ➠ -KSh 546Mn (Dec 2025)

Access Bank ➠ KSh 921Mn (Mar 2026), merger with NBK pending

[Donald B Kipkorir @DonaldBKipkorir]

Constitutional Division of our High Court holds that the Constitutional Rights of Gachagua were violated but proceeds to compensate him for the violation instead of annulling the process. The High Court has given the Court of Appeal an easy bifurcated choice: affirm the violation & nullify the impeachment or set aside the alleged violation & confirm the impeachment.

The decision of the High Court is a judicial absurdity: REDUCTIO AD ABSURDUM!

[The Spectator Index @spectatorindex]

BREAKING: Iran shuts airspace in the country's west

[Jeff Banks @jaymutonyi]

@ChuksEmma947401 Yes why not??

[Jeff Banks @jaymutonyi]

@MrCharlesky Send details

[Jeff Banks @jaymutonyi]

I would definitely trade gold on low risk and get my 3k per day

[cheruiyotkb @cheruiyotkb]

You've got two choices:

•Start your own business with Sh 300,000

•Buy Sh 300,000 worth of Safaricom shares

Which one are you taking and why?

[Thuranira @Thuranira_1]

The finance bill 2026 will affect us negatively as follows;
1. Rental income tax has been raised from 7.5% to 10%.(Brace yourself for increased rent)

2. Mitumba traders, brace yourselves.
Import a bale at Ksh1M → Pay Ksh50K tax upfront.

3. They’re removing VAT exemptions on mobile money and digital payments.This will increase the cost of sending money.

4. KRA can now decide 60% of your company’s retained earnings are “dividends” and tax you anyway.

5. An introduction 25% excise duty on phones.

6. Banks won’t absorb new compliance costs. Let’s be serious.
You will.

7. They’ve moved tax return deadlines from June to APRIL.

Tough times ahead.

[ephraimnjegafan @ephraimnjegafan]

If Ruto were an astute politician, as many believe, he wouldn't run in the next election. The 2027 election could possibly trigger a revolutionary change that could see many of the people in the current administration spending years in jail.
🧵

[Kara @UTDKarra]

🚨 Breaking: Manchester United have officially qualified for the UEFA Champions League next season after Brighton lost to Newcastle United

[Jeff Banks @jaymutonyi]

@majestymasculin @NicholasMbago God do it for me

[Gichuki Kahome @kahome_steve]

10 out of 11 Kenyan banking stocks are in the GREEN in 2026

Stanbic Holdings: +44.63%
CO-OP Bank: +30.69%
DTB: +28.82%

The NSE Banking Index is up nearly 16% YTD — and we're only in May.

I expect this to change after after book closures of banking sector stocks

[Sholla Ard 🇰🇪 @sholard_mancity]

Safaricom removed a perfectly working M-Pesa app and forced this ‘one app’ on everyone, for what?

It keeps freezing, lagging, crashing, and can’t even search contacts properly.

Now, after the latest update, I need a SIM card on my phone just to use an app in 2026??

Did anyone even test this thing before rollout?

Nothing about this is better. Nothing.

People are just enduring it because there’s no alternative.

You can’t tell me I’m the only one dealing with this

[Jeff Banks @jaymutonyi]

@gpdkaluma Nyani haoni kondule