ngumbis

Irreducible rascality

[ngumbis @stenio_n]

This was in 2019 🇰🇪

[I. Cox @IanECox]

Somewhere in beautiful Kenya in 1977. 🇰🇪

Does anyone recognize the location?

[ngumbis @stenio_n]

The scandal here will make 1MDB look like child's play

[Julians Amboko @AmbokoJH]

The signing of the Sovereign Wealth Fund Bill 2026 into law.

See quoted tweet for details.

[AB⚕ @AbsoluteBruno]

This angle of that Egypt disallowed goal, I don’t still understand how this is a foul

[ngumbis @stenio_n]

@EnjoymentPapi Regulations are killing the sport

[ngumbis @stenio_n]

Iceboy 🙌🏾

[Formula 1 @F1]

A super Saturday for Kimi 🤩

Wins Sprint, then takes pole 💪

#F1 #BritishGP @MercedesAMGF1

[ngumbis @stenio_n]

@Ziiditrader

[Moe @moneyacademyKE]

NSE has introduced Options on Single Stock Futures for six listed companies, including Safaricom, KCB, Equity, Coop Bank, I&M Holdings and KenGen.

This gives investors more flexibility to trade shares by locking in future prices without being forced to buy or sell.

[ngumbis @stenio_n]

When you binge drink with Kenyans

[ADAORA @Simonloveth9]

They involved me yesterday…I nearly die😭

[Goodyear @goodyear]

Now seems like a good time to mention that Goodyear designed and built the first rubber soccer ball in 1855.

[ngumbis @stenio_n]

The state is exclusively and entirely responsible for Inflation ~ Milton Friedman

[Moe @moneyacademyKE]

Kenyan taxpayers will spend Sh2.3 trillion on debt repayment and interest in the next financial year, nearly half of the government's Sh4.8 trillion budget.

Out of this, Sh1.3 trillion will go to interest payments alone.

[ngumbis @stenio_n]

Try booking a hotel in Paris

[Eric Kigada @EricKigada]

This surprises Kenyans but it's the truth. It makes you wonder why our politicians insist on us building tall buildings!

[Rasna Warah @RasnaWarah]

I said it before, am saying it again, one day someone will look at Kenya and say, here lie the ruins of a country destroyed by greed.

[Julians Amboko @AmbokoJH]

Should the taxpayer still bear the burden of proof in instances where a tax dispute with the Revenue Authority is based in pre-populated & third party data?

In my submission before the National Assembly's Finance & Planning Committee on behalf of the Tax Research Centre at @StrathU, I argue that Finance Bill 2026's proposals seeking to anchor Incomes & Expenses Validation in law will be incomplete if they do not include a proposal for the the Revenue Authority being saddled with the burden of proof in such instances.

Here's why:

· Finance Bill 2026 proposes to amend Sec75 of the Tax Procedures Act to provide that the Revenue Authority may use technology to pre-populate tax returns on behalf of a person required to submit or lodge a tax return

· Finance Bill 2026 further proposes that a person required to submit or lodge a tax return may rely on pre-populated return generated by the Revenue Authority to file their return

· Finance Bill 2026 proposes to amend Sec112 to provide that the Cabinet Secretary of the National Treasury may make Regulations for the procedure for the submission or lodging of returns based on pre-populated tax returns generated by the Revenue Authority

Here's where the problem is:

· In all this, Sec56(1) which provides that "In any proceedings, the burden shall be on the taxpayer to prove that a tax decision is incorrect" remains unchanged

· Sec56(1) is predicated on the fact that Kenya has been running on a self-assessment based regime & the data upon which tax disputes emerges was held by the taxpayer

· With Incomes & Expenses Validation & the onset of a Dual Assessment regime in Kenya, taxpayers are now exposed not just to errors of judgement & data on their part, but also errors of technology & transmission which are out of their control

· Can we really still have the burden of proof lying exclusively with the taxpayer in an environment where tax compliance has shifted from a function of record keeping to one where system integration reliability is now a key factor?

[Rub-A-Dub @gaddafffii]

2013. Voting in ICC suspects as custodians if our country

[ngumbis @stenio_n]

@thunder_khat @Stan_Subru Bad fuel

[ngumbis @stenio_n]

@Stan_Subru Yes, CFAOMobility will quote you at 100K per piece. Used ones in Kirinyaga RD go for 22-25K. 1KD-FTV is not for the faint-hearted.

[ngumbis @stenio_n]

AED

[Wan Stan 🔰 @Stan_Subru]

Fuel injector ya Ford Ranger, Hilux/Hiace/Prado 1KD ni 75K plus per piece sijuu unalia nini

[ngumbis @stenio_n]

@TDi_Skoda Cheat code for JDM

[ngumbis @stenio_n]

Also check out for Iridium Tough, 🔥

[Johnson @TDi_Skoda]

Just got this for my client. Nangoja animabie machine inapull how now

[I. Cox @IanECox]

The Rise and Fall of Maurizio Corti: An Italian Dream in Nairobi That Faded into Shadows

In the early 2000s, an ambitious Italian entrepreneur from Varese arrived in Nairobi with big dreams and a vision rooted in his family’s heritage. Maurizio Corti, inspired by his grandmother’s humble osteria.. a traditional Milanese tavern captured in a cherished 1946 photograph.. set out to transplant that warm, convivial Italian spirit into Kenya’s bustling capital. What began as a single restaurant would grow into a hospitality empire, only to crumble under the weight of a global pandemic, leaving Corti himself broken in health and finances.

Corti’s first major ventures in Nairobi weren’t restaurants but nightlife hotspots. He operated the Acapulco club and, in June 2004, opened Club Casablanca, a discotheque right next door to what would become his flagship eatery on Lenana Road. Casablanca quickly became a lively fixture in the city’s after-dark scene, drawing crowds for music, dancing, and the kind of vibrant energy that defined Nairobi’s expat and local party circuit at the time. The nightclub sat on the very site where Corti soon launched Osteria del Chianti, his pioneering Italian restaurant. The location was no accident: Corti wanted to create a space where fine food, exotic wines (still rare in Kenya then), and genuine Italian ambience met the city’s fast-growing appetite for quality dining. The osteria’s warm lighting, hearty pastas, risottos, pizzas, and osso buco drew expats, tourists, and well-heeled Kenyans alike. It wasn’t just a meal.. it was an experience, a slice of la dolce vita in East Africa.

Success came swiftly. Corti expanded under the Osteria Group, opening multiple outlets: three in Nairobi, two in Malindi, and others in Mombasa, Narok (gateway to Maasai Mara), Nanyuki, and Diani. He added the affordable Pizza O takeaway chain in high-traffic spots like Mombasa Road, Narok, and coastal towns, making quality Italian fare accessible to office workers, locals, and travelers. In 2016, the group even won a government tender to manage Buffalo Camp, a safari lodge outside Tsavo East National Park. By the late 2010s, Corti was a fixture in Kenya’s hospitality world.. a “big man” with big ideas, known for his welcoming presence, attention to detail, and relationships that kept the venues buzzing. Media profiles painted him as a success story in a notoriously tough industry, where good food alone wasn’t enough; you needed the right atmosphere, the right connections, and relentless drive.

Then came COVID-19. The pandemic devastated Kenya’s tourism and dining sectors with lockdowns, curfews, and travel bans. Osteria Group’s restaurants were hammered. On 4 January 2021, the board passed a resolution to cease operations amid “unfavourable business environment and cash-flow challenges.” One by one, the outlets shuttered. What had been a thriving empire of nine restaurants, takeaways, and a lodge collapsed almost overnight. Former employees filed suits in Nairobi’s Employment and Labour Relations Court, claiming unpaid salaries, unfair termination, and in some cases, verbal abuse or profanities from director Corti himself. Judgments piled up, including one for roughly KSh 1.7 million in favour of claimant Benson Charo Kiboko.

By the early 2020s, the company was insolvent. Assets- cookers, fridges, utensils, furniture.. were seized by creditors. In 2025, Osteria Group (Kenya) Limited formally notified the Registrar of Companies of its cessation of business (dated back to the COVID closures), applied to have its name struck from the register, and faced a liquidation petition in Malindi’s High Court (Insolvency Petition No. E001 of 2025). Courts grew frustrated with unpaid decrees; in a December 2025 ruling, the judge ordered Corti (then described as a former director) to appear for examination under oath about the company’s remaining assets and books. Allegations swirled of fraudulent asset transfers to dodge creditors, though Corti denied wrongdoing, insisting the collapse was purely economic.

Today, in 2026, Maurizio Corti’s story has reached a quiet, painful coda. The once-prosperous restaurateur fell gravely ill shortly after the restaurants closed. He spent nearly three years bedridden during the height of the crisis and its aftermath, exhausting his personal savings on medical care. Now confined to a wheelchair with no income, savings, or assets left, he survives on a small and irregular stipend from his twin sister. The Italian dream he built in Kenya.. from the pulsing nights at Casablanca to the bustling Osteria empire.. has faded. What remains is a cautionary tale of ambition, boom, and bust in one of Africa’s most unforgiving hospitality markets. Corti’s legacy lingers in the memories of those who dined and danced under his roofs, but the man himself lives in the shadow of what was.

[Caesar. @atlonglastcz]

Proximity to greatness isn’t the same as being great. Build your own.

[sankalp @dejavucoder]

tech bros to finance bros today