Franc

Farmer & Investor/Trader.

Reticent, Theist.
Simplicity is the Ultimate Sophistication

[Franc @real_franc07]

@Gitz__ Hii si upuzi mkubwa

[Franc @real_franc07]

@ivymuthe Power and wealth are two different things
Can't compare power to wealth

[Franc @real_franc07]

@Misspreety17 Kam tukulane madam😉

[Moe @moneyacademyKE]

The audit reveals that Finsprint, a private firm involved in the SHA payment system, deducts a 2% fee from every payment made to hospitals before the money is sent.

Strangely, it also says the firm's majority shareholder has no verifiable address.

[Sholla Ard 🇰🇪 @sholard_mancity]

🚨 There’s a SACCO bill in Parliament today, and most Kenyans don’t even know what’s coming.

Quietly... with almost no public attention…
A system is being introduced that will centralize SACCO money, and Govt will now have a massive say in it.

Think of it as a “Super SACCO” for all SACCOs.

It will:
- Hold funds from different SACCOs
- Manage liquidity
- Run payments
- Lend to SACCOs
- Invest your money

Sounds safe? Here’s the reality:
❗ SACCOs could lose some operational independence
❗ Oversight becomes much heavier (via Sacco Societies Regulatory Authority)
❗ Leaders must meet “fit & proper” approval
❗ Strict reporting & constant supervision

And yes, this could mean slower access to your money in some situations.
Now the part they won’t emphasize:

Your savings are only protected up to KSh 100,000

If a SACCO collapses?
Anything above that = your risk.

Even worse:

⚠️ Payouts are NOT immediate
⚠️ Must be approved & gazetted first
⚠️ You could wait while your money is locked

So ask yourself:
Why centralize SACCO money...
But limit protection for members?

This bill is being sold as “safety.”
But it also introduces control by the government, delays, and new risks for ordinary Kenyans.

This is how systems change,
slowly, quietly... then permanently

[Moe @moneyacademyKE]

Kenya's government plans to use more than Sh1 trillion held by SACCOs to help finance major development projects through the National Infrastructure Fund.

The move is set to be backed by the new Cooperatives Bill.

[Moe @moneyacademyKE]

A Bill before Parliament seeks to require internet providers to assign every user a unique internet meter number, track usage in real time, and submit annual records to the Communications Authority.

ICJ Kenya has raised concerns that the proposal could enable mass surveillance and weaken privacy protections

[Franc @real_franc07]

@SomoinaKapeen Flying Over Toronto now

[Franc @real_franc07]

@SomoinaKapeen Piga pass madam 👽

[Franc @real_franc07]

@SirJohnKE

[Franc @real_franc07]

@Faelynnom Hello

[Franc @real_franc07]

@Nira_O351 Hello

[Franc @real_franc07]

@MoneyQuotesX Investing will, but it ain't easy either

[Franc @real_franc07]

@KarehNamu

[Franc @real_franc07]

@kilonzoNice Which platform is this please?

[Franc @real_franc07]

@SheTradesIct Wanting to make so much money within a shot period of time

[Franc @real_franc07]

@Velistarn Tapa

[Franc @real_franc07]

@SMusilakimeu

[Franc @real_franc07]

@marrenmiral We Selling XAUUSD

[Franc @real_franc07]

@kifotooh Some Prada shoe