Ms Sifuma

Aspiring Economist|@cheveningFCDO Scholar '19|@LSEnews
“The capacity to learn is a gift; The ability to learn is a skill; The willingness to learn is a choice''

[Ms Sifuma @nasifuma]

Thank you Lord! I can't keep calm💃🏾💃🏾! Grateful to @cheveningfco for a chance to study at LSE! #cheveninginkenya #chosenforchevening @LSEnews

[Maurice Makoloo @MMakoloo]

Another 🇰🇪 win in London!

There is coffee and there is Spring Valley Coffee! This Thursday @SpringValleyCoffee was crowned the best new coffee shop at #TheLondonCoffeeFestivalAwards 2026! A Kenyan owned enterprise, it operates ten outlets in Nairobi employing over 100 staff most of them youths.

Because coffee is more than a drink. It’s an invitation. It’s #GoingFarTogether.

As we encourage more investments into Kenya 🇰🇪 #FDI, we are equally working to ensure Kenyan businesses including diaspora- owned companies enter and thrive in the UK 🇬🇧 market.

Hongera champions of London 👏🏿👏🏿
Onwards and upwards 💪🏿👍🏿

@KEPSA_KENYA @InvestKenya_ @MakeItKenya @KenyaMissionUK @UKinKenya @SingoeiAKorir @roselinenjogu @Diaspora_KE @ForeignOfficeKE @FCDOMattBaugh @edwardabarnett

[World Athletics @WorldAthletics]

Female Out of Stadium Athlete of the Year nominee ✨

Repost to vote for Agnes Ngetich 🇰🇪 in the #AthleticsAwards.

Voting closes on Sunday 2 November at 11:59 PM CET.

[World Athletics @WorldAthletics]

Female Out of Stadium Athlete of the Year nominee ✨

Repost to vote for Peres Jepchirchir 🇰🇪 in the #AthleticsAwards.

Voting closes on Sunday 2 November at 11:59 PM CET.

[Collins Omondi Art @collimondi]

Thank you all for the support. May Baba rest well!🙏🏾🙏🏾

[Official Kenya Airways @KenyaAirways]

Onboard tribute to the late Rt. Hon. Raila Amolo Odinga by Captain Saviemaria Ondego

[Gabriel Oguda @gabrieloguda]

Kenya Airways have released the cockpit recording you've all been waiting for. Bwana from today onwards, anyone who speaks ill of KQ will face the full wrath of all Baba supporters.

[World Athletics @WorldAthletics]

Male Track Athlete of the Year nominee ✨

Repost to vote for Emmanuel Wanyonyi 🇰🇪 in the #AthleticsAwards.

Voting closes on Sunday 19 October at 11:59 PM CEST.

[World Athletics @WorldAthletics]

Female Track Athlete of the Year nominee ✨

Repost to vote for Beatrice Chebet 🇰🇪 in the #AthleticsAwards.

Voting closes on Sunday 19 October at 11:59 PM CEST.

[World Athletics @WorldAthletics]

Female Track Athlete of the Year nominee ✨

Repost to vote for @Kipyegon_Faith 🇰🇪 in the #AthleticsAwards.

Voting closes on Sunday 19 October at 11:59 PM CEST.

[Julians Amboko @AmbokoJH]

A lot of discussion going on around the re-denomination of Kenya's SGR loan from US$ to CNY.

What's happening here?

1. If you unbundle the SGR loan as of the last update, there's a commercial bit (US$2.0 billion) & a concessional terms bit (US$1.0 billion)
2. What's being re-denominated is the commercial bit, the concessional portion is in CNY already
3. How is the saving coming about? It's more than re-denomination, it's conversion from a variable US$ interest rate to a fixed CNY interest rate
4. Why is this important? It helps Kenya place a lid on interest rate costs & have visibility of the payment profile going forward, you can't really do that with a variable rate

What's not clear yet?

1. The CNY isn't a particularly liquid currency & Kenya doesn't have it as part of its reserves. So what's the plan around the lumpy payments every 6 months?
2. To answer question 1, there's the chance of a bilateral currency swap as part of this re-denomination of the loan from US$ to CNY

I had this conversation with the National Treasury CS some 7 months ago, see quoted tweet

[Ngozi Okonjo-Iweala @NOIweala]

Announcing release of our wonderful World Trade Report 2025 - “Making Trade and AI Work Together for the Benefit of All”. This report examines the complex and fast evolving relationship between AI and International Trade and explores how these forces can shape inclusive growth. It builds on our earlier work on this issue entitled trading with intelligence. Click on the link to access the report. https://t.co/okWoqSO8SP

[Globe Eye News @GlobeEyeNews]

BREAKING:

Iran officially launches missiles at U.S. military base in Qatar.

[Julians Amboko @AmbokoJH]

Mhasibu Sacco takes a Kes 480.6 million hit on account of KUSCCO.

The Sacco indicates that the amount related to a fixed deposit held at KUSCCO & matured on Jan 16th, 2024 but KUSCCO was unable to honour the withdrawal request.

This dividend/AGM season all members must seek visibility on their Sacco's exposure to KUSCCO.

[Ms Sifuma @nasifuma]

🕊️🖤

[Hon. Tim Wanyonyi @HonTimWanyonyi]

It is with a heavy heart and profound sadness that I announce the passing of my dear mother, Mayi Anne Nanyama Wetang'ula. After a prolonged period of illness, Mama peacefully rested, bringing to an end a remarkable life defined by love, sacrifice, and unwavering faith.

Mayi Anne was more than a mother to me - she was a mentor, a source of strength, and a guiding light. Her wisdom, kindness, and prayers sustained me through every season of life. Her legacy of compassion and humility will forever remain with me.

As we come to terms with this painful loss, I humbly ask for your prayers and support for my family during this difficult time. May Mama's soul rest in eternal peace and may her memory continue to inspire us to live with love, patience, and purpose.

Rest well, Mayi. You fought the good fight.
TWW

[Ms Sifuma @nasifuma]

@Chipokota My sincere condolences, Chipo🤍🙏

[Julians Amboko @AmbokoJH]

MAJOR development - The government has announced that starting Dec 25th, 2024 ALL pay bills will be deemed to be virtual electronic tax receipt systems in a bid to widen the tax base.

Senior Economic Advisor, Moses Kuria, says this decision has been arrived at at the disparity between KRA registered ETRs & >2.0M digital payment touch points across the country. He says KRA is aligned.

Musings:

· What does this mean for Sec23 of the Tax Procedures Act & Sec16c of the Income Tax Act?
· I presume it means, by extension, that evidence of mobile money payments will also be deemed as good as an eTIMS receipt & therefore be admissible for income tax deductible purposes
· Go to the MTRS & read about integration of tax systems with 3rd party systems
· See the quoted tweet here. There's a lot more in the pipeline

[Julians Amboko @AmbokoJH]

Kenya's 2024/25 continues to be on a tough terrain. T for Tough!

Aug 2024 Fiscal Update as below:

· Tax revenue collection stood at Kes 153.33 billion, down 5.65% y/y & down 3.88% month-on-month
Musing - Are we expecting a scenario where Supreme Court could uphold the Court of Appeal's nullification of Finance Act 2023? Your guess is as good as mine

· Zero disbursements to counties under the Equitable Share allocation arrangement
Musing - The cash crunch at the devolved units is real. We saw what seemed to be a deal arrived at late this week so September looks promising

· Domestic borrowing stood at Kes 91.77 billion, external borrowing stood at Kes 3.07 billion

· Recurrent spending stood at Kes 109.36 billion, development spending stood at Kes 17.24 billion

You can check the July 2024 outturn on the quoted tweet

[Kwame Owino @IEAKwame]

🧵Folks, here are some of the things that were bought with the money that led to the huge debts in the Debt Register 1/N
1. The Fossil we all call SGR
2. 3 Completed Berths at Lamu Port
3. The underused airport in Isiolo

[Julians Amboko @AmbokoJH]

Folks,

The East African Community Gazette on Common External Tariffs dated June 30th, 2024 is out.

This is a product of the East African Community's Council of Ministers & works to guide on the alignment of customs duty rates in the region.

Notable highlights.

A 🧵

Note - You'll see 35.0% a lot. It's because it's the customs duty rate for finished products.

[Julians Amboko @AmbokoJH]

For those asking about the status of the Appropriations Bill 2024, it did sail through the Committee of the Whole House stage yesterday afternoon.

Also, the County Allocation of Revenue Bill also did sail through the Committee of the Whole House stage yesterday afternoon.