📊👀 #BTC On-chain data reveals a $12,000 void between $87,000 and $75,000, with little to no support for Bitcoin in this range.
🚨 MoneyAcademyKE
@moneyacademyke
@moneyacademyKE
@moecrypto
MoneyAcademyKE (English)
Are you looking to level up your financial knowledge and secure your future? Look no further than MoneyAcademyKE! This Telegram channel is your ultimate destination for everything related to personal finance, investing, and wealth management. Whether you are a beginner looking to learn the basics or an experienced investor seeking advanced strategies, MoneyAcademyKE has got you covered.
MoneyAcademyKE is run by a team of finance experts and professionals who are dedicated to providing valuable insights, tips, and resources to help you make informed financial decisions. From understanding the stock market to mastering the art of budgeting, this channel offers a wide range of topics to help you achieve financial success.
By joining MoneyAcademyKE, you will gain access to exclusive content, live sessions, Q&A sessions, and much more. Stay ahead of the game and join a community of like-minded individuals who are committed to building wealth and securing their financial future. Don't miss out on this opportunity to grow your financial knowledge and take control of your finances. Join MoneyAcademyKE today and start your journey towards financial freedom!
🚨 MoneyAcademyKE
11 Jan, 08:16
Moe
A step by step guide to making money from the Binance Magedrop via Web3 quests.
This strategy is a bit advanced but we'll walk you through step by step.
tweet
A step by step guide to making money from the Binance Magedrop via Web3 quests.
This strategy is a bit advanced but we'll walk you through step by step.
tweet
🚨 MoneyAcademyKE
11 Jan, 07:36
Moe
Here’s a ranking of EAC based on their internet shutdown history in recent years:
—Rwanda -No shutdowns in 5 years.
—Kenya -2 shutdowns in 2024
—South Sudan -Last shutdown in 2021.
—Uganda -Last shutdown in 2021.
—Tanzania -Last shutdown in 2020.
—DRC -Last shutdown in 2019.
—Somalia -Last shutdown in 2019.
—Burundi -Last shutdown in 2019.
tweet
Here’s a ranking of EAC based on their internet shutdown history in recent years:
—Rwanda -No shutdowns in 5 years.
—Kenya -2 shutdowns in 2024
—South Sudan -Last shutdown in 2021.
—Uganda -Last shutdown in 2021.
—Tanzania -Last shutdown in 2020.
—DRC -Last shutdown in 2019.
—Somalia -Last shutdown in 2019.
—Burundi -Last shutdown in 2019.
tweet
🚨 MoneyAcademyKE
11 Jan, 07:06
Moe
Here’s a ranking of EAC based on their internet shutdown history in recent years:
—Rwanda -No shutdowns in 5 years.
—Kenya -2 shutdowns in 2023.
—South Sudan -Last shutdown in 2021.
—Uganda -Last shutdown in 2021.
—Tanzania -Last shutdown in 2020.
—DRC -Last shutdown in 2019.
—Somalia -Last shutdown in 2019.
—Burundi -Last shutdown in 2019.
tweet
Here’s a ranking of EAC based on their internet shutdown history in recent years:
—Rwanda -No shutdowns in 5 years.
—Kenya -2 shutdowns in 2023.
—South Sudan -Last shutdown in 2021.
—Uganda -Last shutdown in 2021.
—Tanzania -Last shutdown in 2020.
—DRC -Last shutdown in 2019.
—Somalia -Last shutdown in 2019.
—Burundi -Last shutdown in 2019.
tweet
🚨 MoneyAcademyKE
11 Jan, 06:25
Moe
Kenya lost $75 million in 2024 due to internet shutdowns, affecting over 22.7 million people.
A 7-hour outage in June cost $4 million, while blocking Telegram for 21 days during exams cost $71 million, according to research by NetBlocks and Top10VPN
tweet
Kenya lost $75 million in 2024 due to internet shutdowns, affecting over 22.7 million people.
A 7-hour outage in June cost $4 million, while blocking Telegram for 21 days during exams cost $71 million, according to research by NetBlocks and Top10VPN
tweet
🚨 MoneyAcademyKE
11 Jan, 04:34
Moe
Kidnappings and abductions increased by 44%, with 52 cases reported between September 2023 and August 2024, according to a State of National Security report.
tweet
Kidnappings and abductions increased by 44%, with 52 cases reported between September 2023 and August 2024, according to a State of National Security report.
tweet
🚨 MoneyAcademyKE
11 Jan, 04:04
Moe
Kenya's exports to the EAC increased by 0.5% to Sh85.2 billion in Q3 2024, up from Sh84.8 billion last year, following Somalia’s entry.
tweet
Kenya's exports to the EAC increased by 0.5% to Sh85.2 billion in Q3 2024, up from Sh84.8 billion last year, following Somalia’s entry.
tweet
🚨 MoneyAcademyKE
11 Jan, 03:34
Moe
Moi University staff have resumed their strike until further notice after the management failed to keep an agreement signed last year
tweet
Moi University staff have resumed their strike until further notice after the management failed to keep an agreement signed last year
tweet
🚨 MoneyAcademyKE
11 Jan, 03:01
Moe
Kenya plans to legalize cryptocurrencies in the country.
This comes after Treasury CS John Mbadi announced plans to create a legal framework to regulate the market and address risks like fraud and money laundering.
tweet
Kenya plans to legalize cryptocurrencies in the country.
This comes after Treasury CS John Mbadi announced plans to create a legal framework to regulate the market and address risks like fraud and money laundering.
tweet
🚨 MoneyAcademyKE
11 Jan, 02:21
Moe
CS for Treasury John Mbadi says that the only relief for Kenya will come from 2034.
He said the country faces debt payments of $1 billion in 2027, $1 billion in 2028, $1.5 billion by 2031, and $1.2 billion in 2034.
tweet
CS for Treasury John Mbadi says that the only relief for Kenya will come from 2034.
He said the country faces debt payments of $1 billion in 2027, $1 billion in 2028, $1.5 billion by 2031, and $1.2 billion in 2034.
tweet
🚨 MoneyAcademyKE
10 Jan, 14:00
Moe
President Ruto has appointed a 42-member task force to address the rising cases of femicide and gender-based violence (GBV), which will be led by Nancy Baraza
tweet
President Ruto has appointed a 42-member task force to address the rising cases of femicide and gender-based violence (GBV), which will be led by Nancy Baraza
tweet
🚨 MoneyAcademyKE
10 Jan, 10:13
Moe
Almost missed this.
Below is a quick guide to making some money with the new Binance Megadrop.
tweet
Almost missed this.
Below is a quick guide to making some money with the new Binance Megadrop.
tweet
🚨 MoneyAcademyKE
10 Jan, 09:35
📉🤔 The volume of stablecoin transfers has dropped threefold from the $100K level but remains high enough to sustain demand for #BTC and other coins.
🚨 MoneyAcademyKE
10 Jan, 09:35
📉👀 Capital inflows into the crypto market went from $134 billion to $68 billion over the past month, representing a 49% decline.
🚨 MoneyAcademyKE
10 Jan, 08:06
Moe
Former ICT CS Margaret Ndung'u has declined President Ruto's nomination as High Commissioner to Ghana, citing personal reasons.
tweet
Former ICT CS Margaret Ndung'u has declined President Ruto's nomination as High Commissioner to Ghana, citing personal reasons.
tweet
🚨 MoneyAcademyKE
10 Jan, 07:11
Moe
Kenya's top import source is China, with imports increasing by 42.2%, from Sh119.7 billion in Q3 2023 to Sh170.2 billion in Q3 2024.
tweet
Kenya's top import source is China, with imports increasing by 42.2%, from Sh119.7 billion in Q3 2023 to Sh170.2 billion in Q3 2024.
tweet
🚨 MoneyAcademyKE
10 Jan, 06:30
Moe
TSC plans to promote 28,288 teachers across various grades this year
tweet
TSC plans to promote 28,288 teachers across various grades this year
tweet
🚨 MoneyAcademyKE
10 Jan, 05:20
Moe
CAK has approved the buyout of KK Security's parent company by Canadian businessman Stephan Crétier.
Crétier will now own more than 50% of the company, which operates as GardaWorld in Kenya
tweet
CAK has approved the buyout of KK Security's parent company by Canadian businessman Stephan Crétier.
Crétier will now own more than 50% of the company, which operates as GardaWorld in Kenya
tweet
🚨 MoneyAcademyKE
10 Jan, 04:50
Moe
Mombasa Port saw container traffic growing by 23.53%, from 1.6 million to 2 million TEUs in 2024.
Total cargo reached 41.1 million tonnes, with Uganda remaining the top transit destination
tweet
Mombasa Port saw container traffic growing by 23.53%, from 1.6 million to 2 million TEUs in 2024.
Total cargo reached 41.1 million tonnes, with Uganda remaining the top transit destination
tweet
🚨 MoneyAcademyKE
10 Jan, 04:18
Moe
Kenya's Treasury warns that pensioners who fail to register on the e-pension portal by Feb 28,2025 will be removed from the payroll.
The move, part of IMF reforms, aims to stop fraud and control a pension bill rising from Sh140 billion to Sh186.2 billion this year
tweet
Kenya's Treasury warns that pensioners who fail to register on the e-pension portal by Feb 28,2025 will be removed from the payroll.
The move, part of IMF reforms, aims to stop fraud and control a pension bill rising from Sh140 billion to Sh186.2 billion this year
tweet
🚨 MoneyAcademyKE
04 Jan, 08:23
Moe
According to Bloomberg, Safaricom lodged a formal complaint against SpaceX, urging the regulator to ensure Starlink complies with local rules.
It also warned of security risks, since Starlink doesn't have a gateway that authorities can switch on and off.
tweet
According to Bloomberg, Safaricom lodged a formal complaint against SpaceX, urging the regulator to ensure Starlink complies with local rules.
It also warned of security risks, since Starlink doesn't have a gateway that authorities can switch on and off.
tweet
🚨 MoneyAcademyKE
04 Jan, 07:42
Moe
Kenya paid a total of Sh7.8 billion in annual subscriptions to international organizations for the year ending June 2024, up from Sh4.9 billion the previous year.
The breakdown is as follows in thread below:
—African Union Commission (AUC): Sh1.2 billion
tweet
Kenya paid a total of Sh7.8 billion in annual subscriptions to international organizations for the year ending June 2024, up from Sh4.9 billion the previous year.
The breakdown is as follows in thread below:
—African Union Commission (AUC): Sh1.2 billion
tweet
🚨 MoneyAcademyKE
04 Jan, 07:12
Moe
The total value of crypto tokens increased by 333%, from $22 billion to $96 billion by Dec 31st, 2024.
This growth outpaced the broader crypto industry, which expanded by 93%.
tweet
The total value of crypto tokens increased by 333%, from $22 billion to $96 billion by Dec 31st, 2024.
This growth outpaced the broader crypto industry, which expanded by 93%.
tweet
🚨 MoneyAcademyKE
04 Jan, 06:31
Moe
Standard Chartered Bank Kenya's share price hit a record high of Sh300 on Friday, driven by strong earnings momentum and its policy of distributing excess capital as dividends to shareholders
tweet
Standard Chartered Bank Kenya's share price hit a record high of Sh300 on Friday, driven by strong earnings momentum and its policy of distributing excess capital as dividends to shareholders
tweet
🚨 MoneyAcademyKE
04 Jan, 06:01
Moe
Microsoft is planning to invest in AI in Kenya as part of a broader $35 billion investment across 14 countries.
They add that this initiative is aimed at building secure AI and cloud datacenter infrastructure, with a focus on strengthening their global AI network.
tweet
Microsoft is planning to invest in AI in Kenya as part of a broader $35 billion investment across 14 countries.
They add that this initiative is aimed at building secure AI and cloud datacenter infrastructure, with a focus on strengthening their global AI network.
tweet
🚨 MoneyAcademyKE
04 Jan, 04:00
Moe
Kenya leads East Africa with the most expensive fuel, according to the latest report.
Kenya:
— Petrol: Sh176
— Diesel: Sh165
Uganda:
— Petrol: Sh169
— Diesel: Sh163
Rwanda:
— Petrol: Sh152
— Diesel: Sh155
Tanzania:
— Petrol: Sh146
— Diesel: Sh138
tweet
Kenya leads East Africa with the most expensive fuel, according to the latest report.
Kenya:
— Petrol: Sh176
— Diesel: Sh165
Uganda:
— Petrol: Sh169
— Diesel: Sh163
Rwanda:
— Petrol: Sh152
— Diesel: Sh155
Tanzania:
— Petrol: Sh146
— Diesel: Sh138
tweet
🚨 MoneyAcademyKE
04 Jan, 03:39
Moe
Kenya continues to face a critical shortage of BCG vaccines, with hospitals out of stock for over 3 weeks.
The Health Ministry cites procurement delays but promises resupply by late January
tweet
Kenya continues to face a critical shortage of BCG vaccines, with hospitals out of stock for over 3 weeks.
The Health Ministry cites procurement delays but promises resupply by late January
tweet
🚨 MoneyAcademyKE
04 Jan, 02:39
Moe
President William Ruto now says the Inspector General of Police and NPS, as independent entities, should address Kenyans' concerns on recent abductions as pressure mounts over the fate of six missing youths
tweet
President William Ruto now says the Inspector General of Police and NPS, as independent entities, should address Kenyans' concerns on recent abductions as pressure mounts over the fate of six missing youths
tweet
🚨 MoneyAcademyKE
03 Jan, 22:47
💰🤔 #BTC #MSTR MicroStrategy plans raise up to $2 billion through a public offering of perpetual preferred shares in the first quarter of 2025 to purchase more Bitcoin.
🚨 MoneyAcademyKE
03 Jan, 19:27
📉🤔 Interest in memecoins is currently at its lowest level since April last year, which may indicate a decline in the popularity of such cryptocurrencies among investors. #memcoin
🚨 MoneyAcademyKE
03 Jan, 19:27
📊👀 Short-Term Holder (STH) Ratio for #BTC
The current STH ratio is 1.1, meaning short-term holders are, on average, seeing a 10% unrealized profit.
The STH ratio is important as it provides insights into the unrealized profit or loss of recent market participants, who tend to have a more speculative approach.
The current STH ratio is 1.1, meaning short-term holders are, on average, seeing a 10% unrealized profit.
The STH ratio is important as it provides insights into the unrealized profit or loss of recent market participants, who tend to have a more speculative approach.
🚨 MoneyAcademyKE
03 Jan, 13:11
Moe
The High Court has blocked Bruno Obodha from becoming Portland Cement MD after his appointment by President Ruto due to questions about transparency and legality in the appointment
tweet
The High Court has blocked Bruno Obodha from becoming Portland Cement MD after his appointment by President Ruto due to questions about transparency and legality in the appointment
tweet
🚨 MoneyAcademyKE
03 Jan, 10:19
Moe
eCitizen platform is currently down, causing major disruptions in accessing government services,
tweet
eCitizen platform is currently down, causing major disruptions in accessing government services,
tweet
🚨 MoneyAcademyKE
03 Jan, 08:59
Moe
A new report reveals that private investors own most 'affordable' housing units compared to the public
For instance, in Pangani, private investors own 1,229 units compared to the public's 333.
tweet
A new report reveals that private investors own most 'affordable' housing units compared to the public
For instance, in Pangani, private investors own 1,229 units compared to the public's 333.
tweet
🚨 MoneyAcademyKE
03 Jan, 08:28
Moe
The Kenyan shilling is now trading at Sh128 buying and selling at Sh129 against the US dollar
tweet
The Kenyan shilling is now trading at Sh128 buying and selling at Sh129 against the US dollar
🇺🇸 Usd buying 128.7 selling 129.7
🇪🇺Euro buying 132 selling 135
🇬🇧Gbp buying 160 selling 164
Contact us at 0762300370. https://t.co/8Ve8aGzk5y tweet
🚨 MoneyAcademyKE
03 Jan, 07:58
Moe
Kenya is seeking compensation from India after 500kg debris from the SpaDex mission landed in Makueni County on Dec 30.
This is after a metallic object from a rocket posed risks to lives and property
tweet
Kenya is seeking compensation from India after 500kg debris from the SpaDex mission landed in Makueni County on Dec 30.
This is after a metallic object from a rocket posed risks to lives and property
tweet
🚨 MoneyAcademyKE
03 Jan, 07:18
Moe
The High Court has ruled that insurance companies can set their own premiums for vehicle cover, possibly raising costs for high-risk vehicles, after dismissing a 2022 case by the Kenya Human Rights Commission.
tweet
The High Court has ruled that insurance companies can set their own premiums for vehicle cover, possibly raising costs for high-risk vehicles, after dismissing a 2022 case by the Kenya Human Rights Commission.
tweet
🚨 MoneyAcademyKE
03 Jan, 06:37
Moe
NSE outperformed other African markets in 2024 with a 65.3% dollar-denominated return, driven by the Kenyan shilling's 21% appreciation.
This performance was ahead of markets like Côte d'Ivoire (34.9%), Mauritius (26.3%), and Senegal (25%).
tweet
NSE outperformed other African markets in 2024 with a 65.3% dollar-denominated return, driven by the Kenyan shilling's 21% appreciation.
This performance was ahead of markets like Côte d'Ivoire (34.9%), Mauritius (26.3%), and Senegal (25%).
tweet
🚨 MoneyAcademyKE
03 Jan, 04:56
Moe
Google declined 29% of court requests and 25% from Kenya’s CA to remove content from YouTube, Blogger, Google Search, and other platforms in the first half of last year, due to insufficient information.
Over half of the requests were initiated by the Judiciary via courts, CA, and one request from unnamed government officials.
tweet
Google declined 29% of court requests and 25% from Kenya’s CA to remove content from YouTube, Blogger, Google Search, and other platforms in the first half of last year, due to insufficient information.
Over half of the requests were initiated by the Judiciary via courts, CA, and one request from unnamed government officials.
tweet
🚨 MoneyAcademyKE
03 Jan, 04:36
Moe
Centum Investment plans to launch Kenya’s first dollar-denominated income Real Estate Investment Trust (I-Reit) at Two Rivers special economic zone.
The move targets investors seeking alternatives to shilling-denominated offerings
tweet
Centum Investment plans to launch Kenya’s first dollar-denominated income Real Estate Investment Trust (I-Reit) at Two Rivers special economic zone.
The move targets investors seeking alternatives to shilling-denominated offerings
tweet
🚨 MoneyAcademyKE
03 Jan, 04:06
Moe
Kenya's horticulture exports dropped by 10.9% to Sh122.2 billion from Sh137.2 billion in the 10 months to October 2024.
This was due to a sharp decline in vegetable exports, which dropped by more than half, alongside a drop in fruit exports
tweet
Kenya's horticulture exports dropped by 10.9% to Sh122.2 billion from Sh137.2 billion in the 10 months to October 2024.
This was due to a sharp decline in vegetable exports, which dropped by more than half, alongside a drop in fruit exports
tweet
🚨 MoneyAcademyKE
03 Jan, 03:05
Moe
Starlink’s entry in 2023 has boosted Kenya’s fixed internet speeds to an average of 11.59 Mbps, up from 9.78 Mbps.
tweet
Starlink’s entry in 2023 has boosted Kenya’s fixed internet speeds to an average of 11.59 Mbps, up from 9.78 Mbps.
tweet
🚨 MoneyAcademyKE
03 Jan, 02:40
Moe
Two Kenyan lobbies, Kituo Cha Sheria and Mathare Social Justice Centre, have gone to court to compel AG Dorcas Oduor to refer abductions and enforced disappearances to the ICC.
They argue these are crimes against humanity and claim the police have failed to act.
tweet
Two Kenyan lobbies, Kituo Cha Sheria and Mathare Social Justice Centre, have gone to court to compel AG Dorcas Oduor to refer abductions and enforced disappearances to the ICC.
They argue these are crimes against humanity and claim the police have failed to act.
tweet
🚨 MoneyAcademyKE
03 Jan, 02:35
Moe
Two Kenyan lobbies, Kituo Cha Sheria and Mathare Social Justice Centre, have gone to court to compel AG Dorcas Oduor to refer abductions and enforced disappearances to the ICC.
They argue these are crimes against humanity and claim the police have failed to act.
tweet
Two Kenyan lobbies, Kituo Cha Sheria and Mathare Social Justice Centre, have gone to court to compel AG Dorcas Oduor to refer abductions and enforced disappearances to the ICC.
They argue these are crimes against humanity and claim the police have failed to act.
tweet
🚨 MoneyAcademyKE
03 Jan, 00:19
📊👀 #BTC's 4Q 2024 Performance was nothing special. In fact, it was the second-worst "Up" quarter out of the past 10.
🚨 MoneyAcademyKE
03 Jan, 00:18
📊👀 #BTC The maximum pain for short-term shorts is around $98K. A moment when most highly leveraged traders will be adversely affected.
🚨 MoneyAcademyKE
03 Jan, 00:17
📊👀 #BTC Coinmetrics estimates (by removing likely change outputs) that $6.6 trillion was transferred via the Bitcoin blockchain in 2024, averaging $210,000 per second.
🚨 MoneyAcademyKE
02 Jan, 14:08
Moe
Kenya is set to launch a digital tagging system for livestock using GPS technology to monitor location, rearing practices, and movement early this year.
tweet
Kenya is set to launch a digital tagging system for livestock using GPS technology to monitor location, rearing practices, and movement early this year.
tweet
🚨 MoneyAcademyKE
02 Jan, 13:56
Moe
Kenya is set to launch a digital tagging system for livestock using GPS technology to monitor location, rearing practices, and movement early this year.
tweet
Kenya is set to launch a digital tagging system for livestock using GPS technology to monitor location, rearing practices, and movement early this year.
tweet
🚨 MoneyAcademyKE
02 Jan, 11:37
Moe
President William Ruto has promised to build a Sh100 million fish landing site in Siaya County.
tweet
President William Ruto has promised to build a Sh100 million fish landing site in Siaya County.
tweet
🚨 MoneyAcademyKE
02 Jan, 11:25
Moe
President William Ruto has promised to build a Sh100 million fish landing site in Siaya County.
tweet
President William Ruto has promised to build a Sh100 million fish landing site in Siaya County.
tweet
🚨 MoneyAcademyKE
02 Jan, 11:07
Moe
KRA has collected Sh10 billion in crypto taxes for 2024, driven by a 3% tax on transactions.
With over 700,000 users, approximately 20% of Kenya’s GDP (Sh2.1 trillion) was transacted in crypto between 2021 and 2022.
tweet
KRA has collected Sh10 billion in crypto taxes for 2024, driven by a 3% tax on transactions.
With over 700,000 users, approximately 20% of Kenya’s GDP (Sh2.1 trillion) was transacted in crypto between 2021 and 2022.
tweet
🚨 MoneyAcademyKE
02 Jan, 10:55
Moe
KRA has collected Sh10 billion in crypto taxes for 2024, driven by a 3% tax on transactions.
With over 700,000 users, approximately 20% of Kenya’s GDP (Sh2.1 trillion) was transacted in crypto between 2021 and 2022.
tweet
KRA has collected Sh10 billion in crypto taxes for 2024, driven by a 3% tax on transactions.
With over 700,000 users, approximately 20% of Kenya’s GDP (Sh2.1 trillion) was transacted in crypto between 2021 and 2022.
tweet
🚨 MoneyAcademyKE
02 Jan, 10:45
Moe
KRA has collected Sh10 billion in crypto taxes for 2024, driven by a 3% tax on transactions.
With over 700,000 users, cryptocurrencies account for 20% of Kenya's GDP.
tweet
KRA has collected Sh10 billion in crypto taxes for 2024, driven by a 3% tax on transactions.
With over 700,000 users, cryptocurrencies account for 20% of Kenya's GDP.
tweet
🚨 MoneyAcademyKE
02 Jan, 10:07
Moe
The World Bank has launched the Cash-plus Programme in Kenya, targeting 20,000 poor households.
The initiative aims to address issues like teen pregnancy and financial struggles, helping teens stay in school or return after dropping out.
tweet
The World Bank has launched the Cash-plus Programme in Kenya, targeting 20,000 poor households.
The initiative aims to address issues like teen pregnancy and financial struggles, helping teens stay in school or return after dropping out.
tweet
🚨 MoneyAcademyKE
02 Jan, 10:04
Moe
The World Bank has launched the Cash-plus Programme in Kenya, targeting 20,000 poor households.
The initiative aims to address issues like teen pregnancy and financial struggles, helping teens stay in school or return after dropping out.
tweet
The World Bank has launched the Cash-plus Programme in Kenya, targeting 20,000 poor households.
The initiative aims to address issues like teen pregnancy and financial struggles, helping teens stay in school or return after dropping out.
tweet
🚨 MoneyAcademyKE
02 Jan, 09:44
Moe
Safaricom confirms that the rates were adjusted on July 29, 2023.
tweet
Safaricom confirms that the rates were adjusted on July 29, 2023.
Safaricom has increased M-Pesa withdrawal charges.
Here are the changes:
—Sh50-100: Up by Sh1 to Sh11
—Sh101-500: Up by Sh2 to Sh29
—Sh7,501-10,000: Up by Sh3 to Sh115
—Sh10,001-15,000: Up by Sh5 to Sh167
—Sh15,001-20,000: Up by Sh5 to Sh185
—Sh20,001-35,000: Up by Sh6 to Sh197
—Sh35,001-50,000: Up by Sh8 to Sh278
—Sh50,001-150,000: Up by Sh9 to Sh309 tweet
🚨 MoneyAcademyKE
02 Jan, 09:37
Moe
Safaricom confirms that the rates were adjusted on July 29, 2023.
tweet
Safaricom confirms that the rates were adjusted on July 29, 2023.
Safaricom has increased M-Pesa withdrawal charges.
Here are the changes:
—Sh50-100: Up by Sh1 to Sh11
—Sh101-500: Up by Sh2 to Sh29
—Sh7,501-10,000: Up by Sh3 to Sh115
—Sh10,001-15,000: Up by Sh5 to Sh167
—Sh15,001-20,000: Up by Sh5 to Sh185
—Sh20,001-35,000: Up by Sh6 to Sh197
—Sh35,001-50,000: Up by Sh8 to Sh278
—Sh50,001-150,000: Up by Sh9 to Sh309 tweet
🚨 MoneyAcademyKE
31 Dec, 02:57
Moe
Kenya and the World Bank plan to launch another savings scheme look-alike to the Hustler Fund.
The fund will match monthly savings of up to Sh258 per person to support low-income earners.
tweet
Kenya and the World Bank plan to launch another savings scheme look-alike to the Hustler Fund.
The fund will match monthly savings of up to Sh258 per person to support low-income earners.
tweet
🚨 MoneyAcademyKE
31 Dec, 02:33
📊👀 #BTC's price on-chain support may be around $80K, the trader's realized price (pink line). cq
This the level is were unrealized profits (purple area) become zero, and where there's not much more incentive for traders to sell.
This the level is were unrealized profits (purple area) become zero, and where there's not much more incentive for traders to sell.
🚨 MoneyAcademyKE
31 Dec, 02:27
Moe
Kenya's President William Ruto has been ranked among the most corrupt politicians in the world by OCCRP in 2024.
This is after receiving over 40,000 public votes for "Person of the Year in Organized Crime & Corruption.
tweet
Kenya's President William Ruto has been ranked among the most corrupt politicians in the world by OCCRP in 2024.
This is after receiving over 40,000 public votes for "Person of the Year in Organized Crime & Corruption.
tweet
🚨 MoneyAcademyKE
30 Dec, 23:40
🇺🇸🗣 #BTC Donald Trump: Instead of attacking industries of the future, we will embrace them including making America the world capital for crypto and Bitcoin.
🚨 MoneyAcademyKE
30 Dec, 16:30
📊 #BTC Glassnode: Despite the Bitcoin price decline, the average short-term holder continues to hold unrealized gains of +7.9%.
The average purchase price of BTC for this cohort is ~$86.8K.
The average purchase price of BTC for this cohort is ~$86.8K.
🚨 MoneyAcademyKE
30 Dec, 15:15
Moe
High Court Judge Justice Bahati Mwamuye has ordered police to produce Billy, Kibet, and 4 others in court tomorrow at 11 am in a case filed by the Law Society of Kenya.
tweet
High Court Judge Justice Bahati Mwamuye has ordered police to produce Billy, Kibet, and 4 others in court tomorrow at 11 am in a case filed by the Law Society of Kenya.
tweet
🚨 MoneyAcademyKE
30 Dec, 12:17
🔮📈 #BTC Graphics featuring the theory of Bitcoin distribution using the Wyckoff method are starting to gain popularity on Twitter. In 2025, the market could reach an all-time high in the $150,000-$160,000 range, followed by a correction to around $67,000.
🚨 MoneyAcademyKE
30 Dec, 12:14
📊🤖 #AI Over the past 30 days, the best performing narrative was AI Agents with a return of 67.02%, followed by CEX coins with 42.61%, while the worst performing narratives were Modularity (-30.99%), #Memecoins (-28 .41%) and LRT (-27.74%).
🚨 MoneyAcademyKE
30 Dec, 12:12
📊🤔 #BTC is still tracking global M2
Typically, Bitcoin lags behind changes in global liquidity by approximately three months.
The growth dynamics of the global M2 money supply began slowing down in mid-October 2024.
Typically, Bitcoin lags behind changes in global liquidity by approximately three months.
The growth dynamics of the global M2 money supply began slowing down in mid-October 2024.
🚨 MoneyAcademyKE
30 Dec, 11:45
Moe
Busia Senator Okiya Omtatah has been arrested by the police.
tweet
Busia Senator Okiya Omtatah has been arrested by the police.
tweet
🚨 MoneyAcademyKE
30 Dec, 09:44
Moe
Busia Senator Okiya Omtatah has filed a case in the High Court, asking IG Kanja, DCI, and DPP Ingonga to bring to court 7 youths who were allegedly abducted by people thought to be police officers.
tweet
Busia Senator Okiya Omtatah has filed a case in the High Court, asking IG Kanja, DCI, and DPP Ingonga to bring to court 7 youths who were allegedly abducted by people thought to be police officers.
tweet
🚨 MoneyAcademyKE
30 Dec, 08:44
Moe
Average lending rates for business loans by All local banks in Kenya (1-5 years maturity) as of November, listed from highest to lowest
Thread below:
tweet
Average lending rates for business loans by All local banks in Kenya (1-5 years maturity) as of November, listed from highest to lowest
Thread below:
tweet
🚨 MoneyAcademyKE
30 Dec, 07:14
Moe
The Kenyan shilling starts the week off trading at Sh128 buying and selling at Sh130 against the US dollar.
Rate by @pacific_forex.
tweet
The Kenyan shilling starts the week off trading at Sh128 buying and selling at Sh130 against the US dollar.
Rate by @pacific_forex.
tweet
🚨 MoneyAcademyKE
30 Dec, 06:43
Moe
Former CJ David Maraga condemns the abduction, torture, and killing of defenders of the Constitution, declaring 2025 the Year of Accountability for those who violated the law in 2024.
tweet
Former CJ David Maraga condemns the abduction, torture, and killing of defenders of the Constitution, declaring 2025 the Year of Accountability for those who violated the law in 2024.
tweet
🚨 MoneyAcademyKE
30 Dec, 06:13
Moe
Digital lenders in Kenya are outperforming local banks in terms of loan defaults.
While banks have a 16.7% default rate, digital lenders have kept theirs below 10%, despite tough economic challenges
tweet
Digital lenders in Kenya are outperforming local banks in terms of loan defaults.
While banks have a 16.7% default rate, digital lenders have kept theirs below 10%, despite tough economic challenges
tweet
🚨 MoneyAcademyKE
30 Dec, 05:13
Moe
Kenyan hospitals are facing a shortage of BCG vaccines that offer protection against tuberculosis, leaving newborns discharged without the vaccine
tweet
Kenyan hospitals are facing a shortage of BCG vaccines that offer protection against tuberculosis, leaving newborns discharged without the vaccine
tweet
🚨 MoneyAcademyKE
30 Dec, 04:13
Moe
The battle for control of M-Pesa-backed unit trusts heated up when top State officials expressed discomfort with the Genghis Capital partnership (Mali MMF).
Concerns over using one manager led to delays, prompting Safaricom to consider other partnerships.
tweet
The battle for control of M-Pesa-backed unit trusts heated up when top State officials expressed discomfort with the Genghis Capital partnership (Mali MMF).
Concerns over using one manager led to delays, prompting Safaricom to consider other partnerships.
tweet
🚨 MoneyAcademyKE
30 Dec, 03:43
Moe
Kenyans are set to hold anti-abduction protests today, demanding action against rogue police and justice for victims.
This is after KNCHR revealed that 82 abductions have been reported since June 2024, with 29 people still missing
tweet
Kenyans are set to hold anti-abduction protests today, demanding action against rogue police and justice for victims.
This is after KNCHR revealed that 82 abductions have been reported since June 2024, with 29 people still missing
tweet
🚨 MoneyAcademyKE
30 Dec, 03:13
Moe
Ndiritu Muriithi, former Laikipia Governor, set to be sworn in as the new KRA Chair today at the Supreme Court building in Nairobi.
tweet
Ndiritu Muriithi, former Laikipia Governor, set to be sworn in as the new KRA Chair today at the Supreme Court building in Nairobi.
tweet
🚨 MoneyAcademyKE
26 Dec, 09:25
Moe
Here’s today’s exchange rates:
The US Dollar is going for Sh130
The Euro is going for Sh138
The British Pound is going for Sh166
Rates by @pacific_forex
tweet
Here’s today’s exchange rates:
The US Dollar is going for Sh130
The Euro is going for Sh138
The British Pound is going for Sh166
Rates by @pacific_forex
tweet
🚨 MoneyAcademyKE
26 Dec, 06:45
Moe
NPS has denied allegations of involvement in abductions, stating no police station in the country is holding reported abductees
tweet
NPS has denied allegations of involvement in abductions, stating no police station in the country is holding reported abductees
tweet
🚨 MoneyAcademyKE
26 Dec, 05:44
Moe
Genghis Capital have accused Safaricom of failing to honor their Mali MMF deal by focusing on a competing fund, Ziidi.
Safaricom says the Mali platform had technical problems and needed fixing to keep customer trust.
tweet
Genghis Capital have accused Safaricom of failing to honor their Mali MMF deal by focusing on a competing fund, Ziidi.
Safaricom says the Mali platform had technical problems and needed fixing to keep customer trust.
tweet
🚨 MoneyAcademyKE
26 Dec, 04:44
Moe
Two brothers were abducted in Kitengela in August and held captive for 32 days.
One of them describes the terrifying experience: "We were taken to a torture chamber and beaten. https://t.co/MD1YfQYWIY
tweet
Two brothers were abducted in Kitengela in August and held captive for 32 days.
One of them describes the terrifying experience: "We were taken to a torture chamber and beaten. https://t.co/MD1YfQYWIY
tweet
🚨 MoneyAcademyKE
26 Dec, 04:14
Moe
A new report by the COB reveals that the government’s pending bills have increased by 2.3% to Sh528 billion as of Sep 2024, up from Sh516 billlion with most owed by state corporations.
State corporations account for Sh410.7 billion, while MDAs hold Sh117.7 billion
tweet
A new report by the COB reveals that the government’s pending bills have increased by 2.3% to Sh528 billion as of Sep 2024, up from Sh516 billlion with most owed by state corporations.
State corporations account for Sh410.7 billion, while MDAs hold Sh117.7 billion
tweet
🚨 MoneyAcademyKE
26 Dec, 02:34
Moe
Religious leaders have urged the government to stop abductions, calling them "acts of darkness" that go against the values of light and justice
tweet
Religious leaders have urged the government to stop abductions, calling them "acts of darkness" that go against the values of light and justice
tweet
🚨 MoneyAcademyKE
25 Dec, 21:52
📊👀 #BTC The percentage of traders going long on Bitcoin in Binance dropped from 66.73% to 53.60% in the past 24 hours.
🚨 MoneyAcademyKE
25 Dec, 16:52
Moe
Ghana set to be Visa Free for Africans from January 2025.
tweet
Ghana set to be Visa Free for Africans from January 2025.
tweet
🚨 MoneyAcademyKE
25 Dec, 13:51
Moe
The Employment and Labour Relations Court has declined to stop Bruno Oguda, appointed by the President on December 20, 2024, from taking office as MD of East African Portland Cement.
He replaces Mohammed Osman Adan, who served in an acting capacity
tweet
The Employment and Labour Relations Court has declined to stop Bruno Oguda, appointed by the President on December 20, 2024, from taking office as MD of East African Portland Cement.
He replaces Mohammed Osman Adan, who served in an acting capacity
tweet
🚨 MoneyAcademyKE
25 Dec, 10:51
Moe
Games of urban areas innit
tweet
Games of urban areas innit
Check if your mobile phone is authentic! Dial *#06# and send the 15-digit IMEI number to 1555 for free. Stay safe with genuine mobile devices.#TypeApproval #ConsumerSafety #DigitalAccessForAll https://t.co/keRghTT3od tweet
🚨 MoneyAcademyKE
25 Dec, 08:50
Moe
The best thing you could do today is to hide away some money in preparation for Njaanuary.
Binance launchpools have a higher return than any MMF in the country.
tweet
The best thing you could do today is to hide away some money in preparation for Njaanuary.
Binance launchpools have a higher return than any MMF in the country.
Another one for the crypto enthusiasts.
Below is everything you need to know on how to make some money on this weeks launchpool project. tweet
🚨 MoneyAcademyKE
25 Dec, 05:20
Moe
Wishing you a Merry Christmas from the MoneyAcademyKE team and a prosperous year ahead, filled with wise investments and financial success.
tweet
Wishing you a Merry Christmas from the MoneyAcademyKE team and a prosperous year ahead, filled with wise investments and financial success.
tweet
🚨 MoneyAcademyKE
25 Dec, 04:20
Moe
President William Ruto's recently announced Cabinet nominees scheduled for parliamentary scrutiny on January 14, 2025, are:
Mutahi Kagwe —Agriculture, 12:00 pm
William Kabogo —ICT, 3:00 pm
Lee Kinyanjui —Trade, 5:00 pm
tweet
President William Ruto's recently announced Cabinet nominees scheduled for parliamentary scrutiny on January 14, 2025, are:
Mutahi Kagwe —Agriculture, 12:00 pm
William Kabogo —ICT, 3:00 pm
Lee Kinyanjui —Trade, 5:00 pm
tweet
🚨 MoneyAcademyKE
25 Dec, 03:50
Moe
Allianz SE is set to increase its stake in Sanlam Kenya to 28% from 23.09% by buying an additional 8.59% for Sh31.3 billion.
Allianz BV’s share in the joint venture rises to 49%, while Sanlam Emerging Markets’ drops to 51%
tweet
Allianz SE is set to increase its stake in Sanlam Kenya to 28% from 23.09% by buying an additional 8.59% for Sh31.3 billion.
Allianz BV’s share in the joint venture rises to 49%, while Sanlam Emerging Markets’ drops to 51%
tweet
🚨 MoneyAcademyKE
25 Dec, 02:49
Moe
The Controller of Budget has raised concerns over Kenya's continued borrowing, which has hit 67% of GDP (Sh10.8 trillion), surpassing the 55% limit.
7 out of 10 tax shillings go to debt servicing, with external debt at Sh5.2 trillion and domestic debt at Sh5.6 trillion
tweet
The Controller of Budget has raised concerns over Kenya's continued borrowing, which has hit 67% of GDP (Sh10.8 trillion), surpassing the 55% limit.
7 out of 10 tax shillings go to debt servicing, with external debt at Sh5.2 trillion and domestic debt at Sh5.6 trillion
tweet
🚨 MoneyAcademyKE
24 Dec, 21:51
Tiktok 'admani_explains'
https://www.tiktok.com/@admani_explains/video/7452094283265461534
https://www.tiktok.com/@admani_explains/video/7452094283265461534
🚨 MoneyAcademyKE
24 Dec, 21:38
📊🔍 Most Popular Crypto Narratives in 2024
The #memecoin narrative was the most popular, with a combined global investor interest of 30.67% across the main meme coin narrative and 25 meme coin trends. coingecko #AI #RWA
The #memecoin narrative was the most popular, with a combined global investor interest of 30.67% across the main meme coin narrative and 25 meme coin trends. coingecko #AI #RWA
🚨 MoneyAcademyKE
09 Dec, 09:55
Moe
KRA has collected Sh1.01 trillion as of November 2024, a 4.3% increase from last year.
tweet
KRA has collected Sh1.01 trillion as of November 2024, a 4.3% increase from last year.
tweet
🚨 MoneyAcademyKE
09 Dec, 07:25
Moe
As the new week starts off, here is how the exchange rates stand:
—The US Dollar is going for Sh130
—The Euro is going for Sh138
—The British Pound is going for Sh166
Rates by @pacific_forex
tweet
As the new week starts off, here is how the exchange rates stand:
—The US Dollar is going for Sh130
—The Euro is going for Sh138
—The British Pound is going for Sh166
Rates by @pacific_forex
tweet
🚨 MoneyAcademyKE
09 Dec, 06:54
Moe
Kenya continues to borrow, securing 36 new foreign loans worth Sh898 billion in FY 2023-2024.
With over Sh1.5 trillion set for repayment by 2027, the debt burden grows heavier, as most of the debt is owed to multilateral lenders.
tweet
Kenya continues to borrow, securing 36 new foreign loans worth Sh898 billion in FY 2023-2024.
With over Sh1.5 trillion set for repayment by 2027, the debt burden grows heavier, as most of the debt is owed to multilateral lenders.
tweet
🚨 MoneyAcademyKE
09 Dec, 06:24
Moe
Kenya's trade with other African countries dropped by 0.3% to Sh512 billion in the first nine months of 2024, compared to Sh513.7 billion in 2023.
This is due to travel barriers like the eTA fee and a drop in Kenya's visa openness rank
tweet
Kenya's trade with other African countries dropped by 0.3% to Sh512 billion in the first nine months of 2024, compared to Sh513.7 billion in 2023.
This is due to travel barriers like the eTA fee and a drop in Kenya's visa openness rank
tweet
🚨 MoneyAcademyKE
09 Dec, 05:54
Moe
Kenya’s Parliament has faced 66 adjournments due to lack of quorum, with 40 in the National Assembly and 26 in the Senate.
This has affected important bills and motions, raising concerns about MPs ignoring the needs of the public.
tweet
Kenya’s Parliament has faced 66 adjournments due to lack of quorum, with 40 in the National Assembly and 26 in the Senate.
This has affected important bills and motions, raising concerns about MPs ignoring the needs of the public.
tweet
🚨 MoneyAcademyKE
09 Dec, 05:24
Moe
Data from the Insurance Regulatory Authority reveals that 23 insurance companies didn't meet the minimum capital requirements by the end of 2023, with a Sh32.2 billion shortfall
This raises concerns about their ability to pay claims
tweet
Data from the Insurance Regulatory Authority reveals that 23 insurance companies didn't meet the minimum capital requirements by the end of 2023, with a Sh32.2 billion shortfall
This raises concerns about their ability to pay claims
tweet
🚨 MoneyAcademyKE
09 Dec, 04:54
Moe
Despite CBK's rate cuts, commercial banks continue to raise lending rates, widening the gap with the Central Bank Rate to a 31-month high of 5.15%.
CBK Governor Kamau Thugge urges banks to reduce interest rates to avoid economic harm
tweet
Despite CBK's rate cuts, commercial banks continue to raise lending rates, widening the gap with the Central Bank Rate to a 31-month high of 5.15%.
CBK Governor Kamau Thugge urges banks to reduce interest rates to avoid economic harm
tweet
🚨 MoneyAcademyKE
09 Dec, 04:24
Moe
Kenya plans to block IPPs that don’t disclose their beneficial owners from signing new power deals with Kenya Power next year.
This follows concerns over conflicts of interest and high electricity prices.
tweet
Kenya plans to block IPPs that don’t disclose their beneficial owners from signing new power deals with Kenya Power next year.
This follows concerns over conflicts of interest and high electricity prices.
tweet
🚨 MoneyAcademyKE
09 Dec, 03:24
Moe
The government of Russia has announced that Kenyans can now visit Russia with a single electronic visa, valid for guest, business, or tourist visits.
The visa is valid for 60 days from registration, with a maximum stay of 16 days from entry
tweet
The government of Russia has announced that Kenyans can now visit Russia with a single electronic visa, valid for guest, business, or tourist visits.
The visa is valid for 60 days from registration, with a maximum stay of 16 days from entry
tweet
🚨 MoneyAcademyKE
09 Dec, 02:24
Moe
An investigation done by Daily Nation uncovers how Mulot, a small town between Bomet and Narok counties, has become Kenya’s hub for mobile fraud.
Over 15 years, what started as simple SIM-swapping scams has grown into a multimillion-shilling cybercrime empire.
Thread below:
tweet
An investigation done by Daily Nation uncovers how Mulot, a small town between Bomet and Narok counties, has become Kenya’s hub for mobile fraud.
Over 15 years, what started as simple SIM-swapping scams has grown into a multimillion-shilling cybercrime empire.
Thread below:
tweet
🚨 MoneyAcademyKE
08 Dec, 16:30
Tiktok 'admani_explains'
https://www.tiktok.com/@admani_explains/video/7446074954065480991
https://www.tiktok.com/@admani_explains/video/7446074954065480991
🚨 MoneyAcademyKE
08 Dec, 10:51
Moe
Quick reminder:
You can receive our tweets and any inquiries via WhatsApp for free.
Inbox us on 0769000111
tweet
Quick reminder:
You can receive our tweets and any inquiries via WhatsApp for free.
Inbox us on 0769000111
tweet
🚨 MoneyAcademyKE
08 Dec, 09:21
Moe
A new report reveals a total of 19 MPs have never contributed to debates in Parliament in 2024.
UDA leads with 10 MPs, followed by ODM (4), ANC (2), Wiper (1), DAP-K (1), and Jubilee (1)
tweet
A new report reveals a total of 19 MPs have never contributed to debates in Parliament in 2024.
UDA leads with 10 MPs, followed by ODM (4), ANC (2), Wiper (1), DAP-K (1), and Jubilee (1)
tweet
🚨 MoneyAcademyKE
08 Dec, 08:20
Moe
KeNHA has announced the closure of a section of Waiyaki Way at Kangemi Interchange for 37 days to build a bridge at the junction of Loresho, Muthanga, and Hinga roads.
—Phase 1: Dec 11–26 (Nairobi-bound lanes to be closed).
—Phase 2: Dec 28–Jan 17 (Nakuru-bound lanes to be closed).
tweet
KeNHA has announced the closure of a section of Waiyaki Way at Kangemi Interchange for 37 days to build a bridge at the junction of Loresho, Muthanga, and Hinga roads.
—Phase 1: Dec 11–26 (Nairobi-bound lanes to be closed).
—Phase 2: Dec 28–Jan 17 (Nakuru-bound lanes to be closed).
tweet
🚨 MoneyAcademyKE
08 Dec, 07:50
Moe
KeNHA has announced that sections of the Nairobi-Nakuru highway are to be closed from mid-December 2024 to mid-January 2025:
—Phase 1: Dec 11–26 (Nairobi-bound lanes to be closed).
—Phase 2: Dec 28–Jan 17 (Nakuru-bound lanes to be closed).
tweet
KeNHA has announced that sections of the Nairobi-Nakuru highway are to be closed from mid-December 2024 to mid-January 2025:
—Phase 1: Dec 11–26 (Nairobi-bound lanes to be closed).
—Phase 2: Dec 28–Jan 17 (Nakuru-bound lanes to be closed).
tweet
🚨 MoneyAcademyKE
08 Dec, 05:20
Moe
Eastern Africa's population growth between 2014 and 2024:
— Ethiopia: 30% up to 129 million
— Tanzania: 38% up to 69 million
— Kenya: 22% up to 56 million
— Uganda: 38% up to 50 million
— Somalia: 40% up to 18 million
— Rwanda: 26% up to 14 million
— Burundi: 30% up to 13 million
tweet
Eastern Africa's population growth between 2014 and 2024:
— Ethiopia: 30% up to 129 million
— Tanzania: 38% up to 69 million
— Kenya: 22% up to 56 million
— Uganda: 38% up to 50 million
— Somalia: 40% up to 18 million
— Rwanda: 26% up to 14 million
— Burundi: 30% up to 13 million
tweet
🚨 MoneyAcademyKE
08 Dec, 03:50
Moe
A company linked to the family of Mining CS Hassan Joho will receive Sh9 billion as compensation to give up its interest in a 79-acre plot on Ngong Road.
This comes after the government decided to use the land for the construction of the Talanta Sports Stadium
tweet
A company linked to the family of Mining CS Hassan Joho will receive Sh9 billion as compensation to give up its interest in a 79-acre plot on Ngong Road.
This comes after the government decided to use the land for the construction of the Talanta Sports Stadium
tweet
🚨 MoneyAcademyKE
08 Dec, 02:49
Moe
President William Ruto announces plans to extend the SGR to Uganda, Rwanda, and DRC
tweet
President William Ruto announces plans to extend the SGR to Uganda, Rwanda, and DRC
tweet
🚨 MoneyAcademyKE
07 Dec, 16:18
Moe
Hussein Mohamed has been elected as the new Football Kenya Federation (FKF) President.
tweet
Hussein Mohamed has been elected as the new Football Kenya Federation (FKF) President.
tweet
🚨 MoneyAcademyKE
07 Dec, 10:17
Moe
NTSA has urged motor vehicle dealers to register all their vehicles by December 16, 2024.
The directive came after discovering that many dealers have unregistered vehicles on their premises.
tweet
NTSA has urged motor vehicle dealers to register all their vehicles by December 16, 2024.
The directive came after discovering that many dealers have unregistered vehicles on their premises.
tweet
🚨 MoneyAcademyKE
07 Dec, 07:16
Moe
CBK Governor reveals that the Kenyan Shilling remains stable due to strong forex reserves, growing remittances projected at Sh646 billion, and balanced dollar inflows from exports like tea and tourism.
As of today, the Kenyan Shilling trades at Sh130 against the dollar via @pacific_forex
tweet
CBK Governor reveals that the Kenyan Shilling remains stable due to strong forex reserves, growing remittances projected at Sh646 billion, and balanced dollar inflows from exports like tea and tourism.
As of today, the Kenyan Shilling trades at Sh130 against the dollar via @pacific_forex
tweet
🚨 MoneyAcademyKE
07 Dec, 06:15
Moe
MPs have launched a third attempt to include NG-CDF, Senate Oversight, and Affirmative Action Funds in the Constitution.
This comes after court rulings declared NG-CDF unconstitutional, prompting efforts to align the funds with legal requirements by February.
tweet
MPs have launched a third attempt to include NG-CDF, Senate Oversight, and Affirmative Action Funds in the Constitution.
This comes after court rulings declared NG-CDF unconstitutional, prompting efforts to align the funds with legal requirements by February.
tweet
🚨 MoneyAcademyKE
07 Dec, 05:15
Moe
Kenya plans to export 354,234 unemployed teachers to 17 countries, including the USA, Germany, Qatar, and Japan.
Teachers will undergo training, meet TSC registration, and fulfill host country requirements
tweet
Kenya plans to export 354,234 unemployed teachers to 17 countries, including the USA, Germany, Qatar, and Japan.
Teachers will undergo training, meet TSC registration, and fulfill host country requirements
tweet
🚨 MoneyAcademyKE
07 Dec, 04:45
Moe
Kenya may soon approve the production and sale of GMO maize in the country after the decade-long ban was lifted in 2022.
This comes after the National Biosafety Authority urged Kenyans to share their views on GMO maize
tweet
Kenya may soon approve the production and sale of GMO maize in the country after the decade-long ban was lifted in 2022.
This comes after the National Biosafety Authority urged Kenyans to share their views on GMO maize
tweet
🚨 MoneyAcademyKE
07 Dec, 04:15
Moe
CBK Governor has urged banks to lower lending rates, saying they should act as quickly in reducing rates as they did when increasing them during policy and treasury rate hikes.
tweet
CBK Governor has urged banks to lower lending rates, saying they should act as quickly in reducing rates as they did when increasing them during policy and treasury rate hikes.
tweet
🚨 MoneyAcademyKE
07 Dec, 03:15
Moe
Supreme Court Judge Isaac Lenaola has criticized the government for delays in reconstituting the IEBC, warning it jeopardizes democracy.
He urged citizens to demand action and called for change.
tweet
Supreme Court Judge Isaac Lenaola has criticized the government for delays in reconstituting the IEBC, warning it jeopardizes democracy.
He urged citizens to demand action and called for change.
tweet
🚨 MoneyAcademyKE
07 Dec, 02:45
Moe
Auditor-General Nancy Gathungu raised concerns about irregularities in CBK's Sh14.5 billion tender to Germany's G+D, citing procedural lapses.
CBK defended the award, stating it was approved by the NSC, downplaying claims of flouting procurement rules.
tweet
Auditor-General Nancy Gathungu raised concerns about irregularities in CBK's Sh14.5 billion tender to Germany's G+D, citing procedural lapses.
CBK defended the award, stating it was approved by the NSC, downplaying claims of flouting procurement rules.
tweet
🚨 MoneyAcademyKE
06 Dec, 13:43
Moe
Nearly 20 out of 400 Kenyan police officers deployed to Haiti's MSS mission have submitted resignation letters, citing pay delays and poor working conditions.
tweet
Nearly 20 out of 400 Kenyan police officers deployed to Haiti's MSS mission have submitted resignation letters, citing pay delays and poor working conditions.
tweet
🚨 MoneyAcademyKE
06 Dec, 11:42
Moe
President William Ruto has directed all universities in the country to allow students with fee arrears to sit for end of year examination.
tweet
President William Ruto has directed all universities in the country to allow students with fee arrears to sit for end of year examination.
tweet
🚨 MoneyAcademyKE
06 Dec, 10:12
Moe
Kenyan police in Haiti threaten to resign over unpaid wages, harsh conditions, and restricted communication
tweet
Kenyan police in Haiti threaten to resign over unpaid wages, harsh conditions, and restricted communication
tweet
🚨 MoneyAcademyKE
06 Dec, 10:12
Moe
The Kenyan Shilling holds steady against the US dollar towards the end of this week, currently trading at a Sh130 rate by @pacific_forex.
tweet
The Kenyan Shilling holds steady against the US dollar towards the end of this week, currently trading at a Sh130 rate by @pacific_forex.
tweet
🚨 MoneyAcademyKE
06 Dec, 08:42
Moe
MPs approved a tax hike, raising the railway development fund from 1.5% to 2%.
The increase, part of the Tax Laws (Amendment) Bill 2024, sparked concerns over higher costs for imported goods
tweet
MPs approved a tax hike, raising the railway development fund from 1.5% to 2%.
The increase, part of the Tax Laws (Amendment) Bill 2024, sparked concerns over higher costs for imported goods
tweet
🚨 MoneyAcademyKE
06 Dec, 07:41
Moe
The interest on bank loans is set to decrease following the reduction of the Central Bank Rate (CBR) from 12% to 11.25%
tweet
The interest on bank loans is set to decrease following the reduction of the Central Bank Rate (CBR) from 12% to 11.25%
tweet
🚨 MoneyAcademyKE
06 Dec, 07:11
Moe
The High Court has dismissed a petition challenging Epra's directive for LPG dealers to install CCTV cameras at filling zones.
The court ruled that the case should have been brought before the Energy and Petroleum tribunal first.
tweet
The High Court has dismissed a petition challenging Epra's directive for LPG dealers to install CCTV cameras at filling zones.
The court ruled that the case should have been brought before the Energy and Petroleum tribunal first.
tweet
🚨 MoneyAcademyKE
06 Dec, 06:41
Moe
Safaricom added 500,000 M-Pesa users between October and November 2024, reaching 34 million subscribers in Kenya.
tweet
Safaricom added 500,000 M-Pesa users between October and November 2024, reaching 34 million subscribers in Kenya.
tweet
🚨 MoneyAcademyKE
05 Dec, 15:18
Moe
Environment CS Aden Duale orders removal of asbestos roofing from gov’t offices, schools, and hospitals in the country by end of December due to health risks
tweet
Environment CS Aden Duale orders removal of asbestos roofing from gov’t offices, schools, and hospitals in the country by end of December due to health risks
tweet
🚨 MoneyAcademyKE
05 Dec, 14:18
Moe
MPs to go on recess from tomorrow until 10th February 2025.
tweet
MPs to go on recess from tomorrow until 10th February 2025.
tweet
🚨 MoneyAcademyKE
05 Dec, 12:48
Moe
Co-op Bank has won the top accolades for the design and development of the Direct Settlement System (DSS) for the Nairobi Coffee Exchange (NCE).
The DSS has since inception in August 2023 has settled in excess of Sh30 billion in coffee sales with minimal disruption
tweet
Co-op Bank has won the top accolades for the design and development of the Direct Settlement System (DSS) for the Nairobi Coffee Exchange (NCE).
The DSS has since inception in August 2023 has settled in excess of Sh30 billion in coffee sales with minimal disruption
WINNERS: The Director - CIO Africa Andrew Karanja (second right) hands the Position 1 in Banking Category certificate at the 2024 CIO Awards to the Co-operative Bank team of (L-R) Solutions Architect Kidiya Asava https://t.co/17AF4GWt3Z tweet
🚨 MoneyAcademyKE
05 Dec, 12:18
Moe
Co-op bank wins 1st Runner-Up for Best Product Relaunch Campaign at the MSK Awards for the YEA App
We wrote an interesting thread about it below
tweet
Co-op bank wins 1st Runner-Up for Best Product Relaunch Campaign at the MSK Awards for the YEA App
We wrote an interesting thread about it below
A great way to wrap up 2024! We won 1st Runner-Up for Best Product Relaunch Campaign at the MSK Awards for the YEA-Life Ijipe Campaign (Young Ennovators Account for 18-35 yr. olds). https://t.co/EFGjvAhzjN tweet
🚨 MoneyAcademyKE
05 Dec, 10:47
Moe
Kenya has been ranked among 50 countries in sub-Saharan Africa with a history of human rights violations, according to the 2024 CIVICUS report.
The country’s rating dropped from “obstructed” to “repressed” following police brutality during the Gen Z protests in mid-2024
tweet
Kenya has been ranked among 50 countries in sub-Saharan Africa with a history of human rights violations, according to the 2024 CIVICUS report.
The country’s rating dropped from “obstructed” to “repressed” following police brutality during the Gen Z protests in mid-2024
tweet
🚨 MoneyAcademyKE
05 Dec, 10:17
Moe
RT @pacific_forex: 🇺🇸 Usd buying 128.9 selling 129.9
🇪🇺Euro buying 134 selling 138
🇬🇧Gbp buying 162 selling 166
Contact us at 0762300370.
tweet
RT @pacific_forex: 🇺🇸 Usd buying 128.9 selling 129.9
🇪🇺Euro buying 134 selling 138
🇬🇧Gbp buying 162 selling 166
Contact us at 0762300370.
tweet
🚨 MoneyAcademyKE
05 Dec, 08:17
Moe
The Treasury has released Sh5 billion to NG-CDF and will send Sh7 billion monthly from January to June 2025.
The 2024/25 NG-CDF budget is up 2.3% to Sh54.7 billion to fund schools, police stations, and bursaries
tweet
The Treasury has released Sh5 billion to NG-CDF and will send Sh7 billion monthly from January to June 2025.
The 2024/25 NG-CDF budget is up 2.3% to Sh54.7 billion to fund schools, police stations, and bursaries
tweet
🚨 MoneyAcademyKE
05 Dec, 07:47
Moe
The number of Kenyans using buy-now, pay-later (BNPL) services has tripled in 3 years to over 1.7 million in 2024.
The rise is due to economic challenges and the popularity of credit-based programs like Lipa Mdogo Mdogo
tweet
The number of Kenyans using buy-now, pay-later (BNPL) services has tripled in 3 years to over 1.7 million in 2024.
The rise is due to economic challenges and the popularity of credit-based programs like Lipa Mdogo Mdogo
tweet
🚨 MoneyAcademyKE
05 Dec, 07:17
Moe
Kenya is set to launch a diaspora bond with a World Bank unit, aiming to raise up to Sh500 billion.
The funds will help with the JKIA expansion and the SGR project
tweet
Kenya is set to launch a diaspora bond with a World Bank unit, aiming to raise up to Sh500 billion.
The funds will help with the JKIA expansion and the SGR project
tweet
🚨 MoneyAcademyKE
05 Dec, 06:47
Moe
Airtel Money has been added as a payment option for toll fees on the Nairobi Expressway, joining M-Pesa, cash, and cards.
The move follows a partnership with Moja Expressway Company to offer more payment choices.
tweet
Airtel Money has been added as a payment option for toll fees on the Nairobi Expressway, joining M-Pesa, cash, and cards.
The move follows a partnership with Moja Expressway Company to offer more payment choices.
tweet
🚨 MoneyAcademyKE
05 Dec, 06:16
Moe
MPs have exempted Safaricom's 'Lipa Mdogo Mdogo' from CBK regulation, meaning it won’t be controlled on interest rates.
Other businesses using 'Buy Now Pay Later' will also be exempt
tweet
MPs have exempted Safaricom's 'Lipa Mdogo Mdogo' from CBK regulation, meaning it won’t be controlled on interest rates.
Other businesses using 'Buy Now Pay Later' will also be exempt
tweet
🚨 MoneyAcademyKE
05 Dec, 05:46
Moe
SHA's preauthorization portal has consistently been down, delaying critical surgeries and leaving patients in limbo.
Hospitals have had to turn patients away or demand upfront payments, risking devastating health outcomes.
tweet
SHA's preauthorization portal has consistently been down, delaying critical surgeries and leaving patients in limbo.
Hospitals have had to turn patients away or demand upfront payments, risking devastating health outcomes.
tweet
🚨 MoneyAcademyKE
05 Dec, 04:46
Moe
Kenya's savings rate has dropped to 68.1%, the first fall since 2009.
Most people save for daily needs (35.6%) and emergencies (27.7%), while 90.5% stopped saving due to tough economic times
tweet
Kenya's savings rate has dropped to 68.1%, the first fall since 2009.
Most people save for daily needs (35.6%) and emergencies (27.7%), while 90.5% stopped saving due to tough economic times
tweet
🚨 MoneyAcademyKE
05 Dec, 04:16
Moe
Electricity consumers could soon pay a new levy for street lighting, adding more costs to monthly bills.
This is due to a directive from the National Assembly Committee on Energy for Epra to introduce the Street Lighting Infrastructural Support Levy (SLISL).
tweet
Electricity consumers could soon pay a new levy for street lighting, adding more costs to monthly bills.
This is due to a directive from the National Assembly Committee on Energy for Epra to introduce the Street Lighting Infrastructural Support Levy (SLISL).
tweet
🚨 MoneyAcademyKE
05 Dec, 03:46
Moe
Controller of Budget has revealed that some counties have up to 300 bank accounts to hide irregular spending:
E.g.
Bungoma—300 accounts
Baringo—292 accounts
Elgeyo Marakwet —155 accounts
Migori— 76 accounts
Kwale— 64 accounts
Kajiado— 50 accounts
Embu—46 accounts
Kakamega—44 accounts
tweet
Controller of Budget has revealed that some counties have up to 300 bank accounts to hide irregular spending:
E.g.
Bungoma—300 accounts
Baringo—292 accounts
Elgeyo Marakwet —155 accounts
Migori— 76 accounts
Kwale— 64 accounts
Kajiado— 50 accounts
Embu—46 accounts
Kakamega—44 accounts
tweet
🚨 MoneyAcademyKE
05 Dec, 02:16
Moe
Controller of Budget Margaret Nyakang'o reveals Nairobi County spent Sh0 on development from July to October.
Narok and Kirinyaga led in development spending at Sh477 million and Sh378 million respectively.
tweet
Controller of Budget Margaret Nyakang'o reveals Nairobi County spent Sh0 on development from July to October.
Narok and Kirinyaga led in development spending at Sh477 million and Sh378 million respectively.
tweet
🚨 MoneyAcademyKE
04 Dec, 06:02
Moe
MPs have blocked a plan that would have allowed the KRA to access additional company information beyond financial transactions
The proposal was opposed due to concerns over data privacy and potential regulatory overreach
tweet
MPs have blocked a plan that would have allowed the KRA to access additional company information beyond financial transactions
The proposal was opposed due to concerns over data privacy and potential regulatory overreach
tweet
🚨 MoneyAcademyKE
04 Dec, 05:32
Moe
MPs have exempted small businesses with annual sales below Sh5 million from the eTIMs requirement, easing compliance for traders and farmers.
This move comes after large companies dropped small suppliers who couldn't meet the eTIMs requirement, making it harder to do business.
tweet
MPs have exempted small businesses with annual sales below Sh5 million from the eTIMs requirement, easing compliance for traders and farmers.
This move comes after large companies dropped small suppliers who couldn't meet the eTIMs requirement, making it harder to do business.
tweet
🚨 MoneyAcademyKE
04 Dec, 05:02
Moe
KMPDU has issued a 21-day strike notice starting December 22 if the government doesn't honor their Collective Bargaining Agreement (CBA)
tweet
KMPDU has issued a 21-day strike notice starting December 22 if the government doesn't honor their Collective Bargaining Agreement (CBA)
tweet
🚨 MoneyAcademyKE
04 Dec, 04:32
Moe
A new survey shows that 82% of Kenyans are financially unhealthy, struggling to manage daily expenses and save for the future.
tweet
A new survey shows that 82% of Kenyans are financially unhealthy, struggling to manage daily expenses and save for the future.
tweet
🚨 MoneyAcademyKE
04 Dec, 04:02
Moe
Volkswagen is set to resume car production in Kenya by the end of the year, introducing five new models.
VW aims to make Kenya the East Africa hub for ICE, hybrid, and electric vehicles through a partnership with Kenya Vehicle Manufacturers.
tweet
Volkswagen is set to resume car production in Kenya by the end of the year, introducing five new models.
VW aims to make Kenya the East Africa hub for ICE, hybrid, and electric vehicles through a partnership with Kenya Vehicle Manufacturers.
tweet
🚨 MoneyAcademyKE
04 Dec, 03:02
Moe
Nairobi Governor Johnson Sakaja's Cabinet APPROVES plan to lease open green spaces at Uhuru and Central parks to private businesses under a public-private partnership.
tweet
Nairobi Governor Johnson Sakaja's Cabinet APPROVES plan to lease open green spaces at Uhuru and Central parks to private businesses under a public-private partnership.
tweet
🚨 MoneyAcademyKE
04 Dec, 02:32
Moe
The National Council of Churches of Kenya (NCCK) urges Kenyans to reject government lies, recall underperforming MPs, and demand urgent IEBC reforms.
tweet
The National Council of Churches of Kenya (NCCK) urges Kenyans to reject government lies, recall underperforming MPs, and demand urgent IEBC reforms.
tweet
🚨 MoneyAcademyKE
03 Dec, 22:21
Tiktok 'admani_explains'
https://www.tiktok.com/@admani_explains/video/7444307638373993758
https://www.tiktok.com/@admani_explains/video/7444307638373993758
🚨 MoneyAcademyKE
03 Dec, 17:50
Moe
South Korean parliament has voted 190-0 to cancel President Yoon Suk Yeol’s martial law declaration.
tweet
South Korean parliament has voted 190-0 to cancel President Yoon Suk Yeol’s martial law declaration.
tweet
🚨 MoneyAcademyKE
03 Dec, 17:20
Moe
South Korea’s president has declared martial law for the first time in over 50 years, citing political pressure.
This means the military will temporarily take control, suspending civil rule to manage the situation amid growing political unrest
tweet
South Korea’s president has declared martial law for the first time in over 50 years, citing political pressure.
This means the military will temporarily take control, suspending civil rule to manage the situation amid growing political unrest
tweet
🚨 MoneyAcademyKE
03 Dec, 17:20
Moe
Prof. Olive Mugenda has stepped down as Chairperson of the KUTRRH Board.
President Ruto accepted her resignation and dissolved the board immediately & Dr. Zainab Gura has been appointed as Acting CEO.
tweet
Prof. Olive Mugenda has stepped down as Chairperson of the KUTRRH Board.
President Ruto accepted her resignation and dissolved the board immediately & Dr. Zainab Gura has been appointed as Acting CEO.
tweet
🚨 MoneyAcademyKE
03 Dec, 15:20
Moe
The National Council of Churches in Kenya (NCCK) has issued a statement demanding the suspension of the SHA programme and the recall of underperforming MPs.
tweet
The National Council of Churches in Kenya (NCCK) has issued a statement demanding the suspension of the SHA programme and the recall of underperforming MPs.
tweet
🚨 MoneyAcademyKE
03 Dec, 14:49
Moe
Kenya Railways has announced that Kisumu Safari train services will resume on Friday, December 6, following rehabilitation.
The night service will depart Nairobi every Friday at 4 p.m., arriving in Kisumu on Saturday at 6:30 a.m
tweet
Kenya Railways has announced that Kisumu Safari train services will resume on Friday, December 6, following rehabilitation.
The night service will depart Nairobi every Friday at 4 p.m., arriving in Kisumu on Saturday at 6:30 a.m
tweet
🚨 MoneyAcademyKE
03 Dec, 13:49
Moe
T-Bill yields have dropped significantly over the past three months:
— 91-day: 15.9% to 11.3%.
— 182-day: 16.7% to 13.2%.
— 364-day: 16.8% to 13.2%.
This raises concerns for pensioners, as falling returns may push them toward riskier investments to maintain their income.
tweet
T-Bill yields have dropped significantly over the past three months:
— 91-day: 15.9% to 11.3%.
— 182-day: 16.7% to 13.2%.
— 364-day: 16.8% to 13.2%.
This raises concerns for pensioners, as falling returns may push them toward riskier investments to maintain their income.
tweet
🚨 MoneyAcademyKE
03 Dec, 12:19
are not just unethical but detrimental to Kenya’s economy and reputation. The monopolistic tendencies and compromised quality standards harm competitors, contractors, and the public. The culture of threats, blackmail, and coercion targeting public officials, regulatory bodies, and industry players perpetuates impunity and undermines our institutions.
I am too afraid to come forward openly for fear of being targeted, fired, or falsely accused. However, I urge those in positions of power to take action. The manipulation of public institutions for personal and corporate gain must end. The President’s firm stance against waivers and exemptions must be enforced. Regulators like KEBS and KRA should be empowered to act independently, free from political and corporate interference.
This letter is a plea for justice and reform. The Kenyan people deserve institutions that operate with integrity, businesses that adhere to ethical practices, and leaders who prioritize public welfare over personal or corporate interests.
Sincerely,
A Fearful Insider.
This is a cry for help. We have no one to reach out to. Nowhere to go. This is our final location. More information to follow. We are motivated. We are positive. We are willing. Please give us your attention.
Attached are our letters for which we are facing pressure of withdrawal."
tweet
I am too afraid to come forward openly for fear of being targeted, fired, or falsely accused. However, I urge those in positions of power to take action. The manipulation of public institutions for personal and corporate gain must end. The President’s firm stance against waivers and exemptions must be enforced. Regulators like KEBS and KRA should be empowered to act independently, free from political and corporate interference.
This letter is a plea for justice and reform. The Kenyan people deserve institutions that operate with integrity, businesses that adhere to ethical practices, and leaders who prioritize public welfare over personal or corporate interests.
Sincerely,
A Fearful Insider.
This is a cry for help. We have no one to reach out to. Nowhere to go. This is our final location. More information to follow. We are motivated. We are positive. We are willing. Please give us your attention.
Attached are our letters for which we are facing pressure of withdrawal."
tweet
🚨 MoneyAcademyKE
03 Dec, 12:19
Moe
RT @C_NyaKundiH: State Capture: Leaked Email Exposes Devki Group Over Kshs. 4 Billion Tax Evasion
A leaked email has surfaced exposing a rare glimpse into the alleged pressures and unethical practices tied to one of Kenya’s most prominent conglomerates.
Central to the email are allegations that the Devki Group, through its subsidiaries Devki Steel Mills Limited and Cemtech Limited, is at the centre of efforts to coerce the Kenya Revenue Authority (KRA) into overlooking tax liabilities amounting to Kshs. 1.6 billion and Kshs. 2.4 billion respectively.
The email details a disturbing pattern of intimidation, with claims that public officials at KRA and Treasury who resisted the demands were subjected to direct threats of dismissal and investigations by anti-corruption agencies.
These coercive tactics allegedly extend beyond tax issues and touch on regulatory violations.
Among the most shocking allegations is the revelation that Simba Cement, a Devki Group subsidiary, was allegedly caught selling underweight cement bags which is a clear violation of Kenya Bureau of Standards (KEBS) regulations but KEBS officials were reportedly silenced with threats of job termination.
Competitors, fearing retaliation, have refrained from speaking openly, with some reportedly considering exiting the Kenyan market due to an environment increasingly monopolized by the Devki Group.
There are also concerns over poor-quality steel products allegedly returned by major contractors and Chinese firms.
Below is the full unprecedented whistleblower account.
"Anonymously Reporting Coercion Over Tax Obligations and Unethical Practices
To Whom It May Concern.
I write this letter anonymously, driven by the need to expose the intimidation, corruption, and unethical practices that are eroding the integrity of public institutions in Kenya. The current situation involving Devki Steel Mills Limited, Cemtech Limited, and their subsidiaries has escalated into a systemic crisis, fueled by political interference and corporate collusion. The fear of reprisal prevents me and others from coming forward openly, but the truth must be told.
In addition to the outstanding tax liabilities—Kshs. 1,604,579,640.09 for Devki Steel Mills Limited and Kshs. 2,413,761,656 for Cemtech Limited—the manner in which pressure is being applied to KRA and Treasury officials is deeply disturbing. Reports suggest that officials who resisted these demands have faced threats and intimidation, creating an environment of fear within key institutions.
When a senior KRA official escalated the matter directly to the President, seeking clarity, the President’s stance was unequivocal: “No one will be given exemptions; there will be no waivers whatsoever.” This decisive response reflects the President’s commitment to fairness and the rule of law. However, these words have yet to translate into action, as the intimidation persists.
Beyond the tax liabilities, unethical practices extend into other areas of the Devki Group’s operations. Speaking to cement industry players, many expressed fear of speaking out, as they are terrified of being targeted. A subsidiary of the Devki Group, Simba Cement, was caught by KEBS selling 47kg cement bags instead of the standard 50kg. However, KEBS officials were reportedly warned that their jobs would be at risk if they pursued the matter further.
The monopolistic environment cultivated by the Devki Group has created significant challenges for competitors. A representative from Bamburi Cement disclosed that the hostile market dynamics are forcing them to consider exiting the Kenyan market, leaving it open for Devki’s dominance. Speaking to two large steel companies, they raised concerns about poor quality products from Devki’s steel mills.
These companies, whose main customers are large contractors and Chinese projects, revealed that they often have to return goods due to substandard quality, something they cannot risk with high-stakes projects.
These actions[...]
RT @C_NyaKundiH: State Capture: Leaked Email Exposes Devki Group Over Kshs. 4 Billion Tax Evasion
A leaked email has surfaced exposing a rare glimpse into the alleged pressures and unethical practices tied to one of Kenya’s most prominent conglomerates.
Central to the email are allegations that the Devki Group, through its subsidiaries Devki Steel Mills Limited and Cemtech Limited, is at the centre of efforts to coerce the Kenya Revenue Authority (KRA) into overlooking tax liabilities amounting to Kshs. 1.6 billion and Kshs. 2.4 billion respectively.
The email details a disturbing pattern of intimidation, with claims that public officials at KRA and Treasury who resisted the demands were subjected to direct threats of dismissal and investigations by anti-corruption agencies.
These coercive tactics allegedly extend beyond tax issues and touch on regulatory violations.
Among the most shocking allegations is the revelation that Simba Cement, a Devki Group subsidiary, was allegedly caught selling underweight cement bags which is a clear violation of Kenya Bureau of Standards (KEBS) regulations but KEBS officials were reportedly silenced with threats of job termination.
Competitors, fearing retaliation, have refrained from speaking openly, with some reportedly considering exiting the Kenyan market due to an environment increasingly monopolized by the Devki Group.
There are also concerns over poor-quality steel products allegedly returned by major contractors and Chinese firms.
Below is the full unprecedented whistleblower account.
"Anonymously Reporting Coercion Over Tax Obligations and Unethical Practices
To Whom It May Concern.
I write this letter anonymously, driven by the need to expose the intimidation, corruption, and unethical practices that are eroding the integrity of public institutions in Kenya. The current situation involving Devki Steel Mills Limited, Cemtech Limited, and their subsidiaries has escalated into a systemic crisis, fueled by political interference and corporate collusion. The fear of reprisal prevents me and others from coming forward openly, but the truth must be told.
In addition to the outstanding tax liabilities—Kshs. 1,604,579,640.09 for Devki Steel Mills Limited and Kshs. 2,413,761,656 for Cemtech Limited—the manner in which pressure is being applied to KRA and Treasury officials is deeply disturbing. Reports suggest that officials who resisted these demands have faced threats and intimidation, creating an environment of fear within key institutions.
When a senior KRA official escalated the matter directly to the President, seeking clarity, the President’s stance was unequivocal: “No one will be given exemptions; there will be no waivers whatsoever.” This decisive response reflects the President’s commitment to fairness and the rule of law. However, these words have yet to translate into action, as the intimidation persists.
Beyond the tax liabilities, unethical practices extend into other areas of the Devki Group’s operations. Speaking to cement industry players, many expressed fear of speaking out, as they are terrified of being targeted. A subsidiary of the Devki Group, Simba Cement, was caught by KEBS selling 47kg cement bags instead of the standard 50kg. However, KEBS officials were reportedly warned that their jobs would be at risk if they pursued the matter further.
The monopolistic environment cultivated by the Devki Group has created significant challenges for competitors. A representative from Bamburi Cement disclosed that the hostile market dynamics are forcing them to consider exiting the Kenyan market, leaving it open for Devki’s dominance. Speaking to two large steel companies, they raised concerns about poor quality products from Devki’s steel mills.
These companies, whose main customers are large contractors and Chinese projects, revealed that they often have to return goods due to substandard quality, something they cannot risk with high-stakes projects.
These actions[...]
🚨 MoneyAcademyKE
02 Dec, 15:45
Moe
The Ministry of Education has ordered the closure of boarding sections in 348 primary schools due to non-compliance with safety standards
tweet
The Ministry of Education has ordered the closure of boarding sections in 348 primary schools due to non-compliance with safety standards
tweet
🚨 MoneyAcademyKE
02 Dec, 08:44
Moe
Visitor arrivals at Kenya's major airports dropped in September 2024 from 175,113 in August to 144,996.
They include:
—JKIA: 17% drop to 129,625
—MIA: 23% drop to 15,371.
tweet
Visitor arrivals at Kenya's major airports dropped in September 2024 from 175,113 in August to 144,996.
They include:
—JKIA: 17% drop to 129,625
—MIA: 23% drop to 15,371.
tweet
🚨 MoneyAcademyKE
02 Dec, 08:14
Moe
KenGen, Kenya Power, and EAPCC stocks have retreated from recent highs, despite strong earnings and higher dividend payouts.
— KenGen’s share price dropped by 16% to Sh3.46
— Kenya Power’s share price dropped by 13% to Sh4.53
— EAPCC’s share price dropped by 34% to Sh32.55
tweet
KenGen, Kenya Power, and EAPCC stocks have retreated from recent highs, despite strong earnings and higher dividend payouts.
— KenGen’s share price dropped by 16% to Sh3.46
— Kenya Power’s share price dropped by 13% to Sh4.53
— EAPCC’s share price dropped by 34% to Sh32.55
tweet
🚨 MoneyAcademyKE
02 Dec, 07:44
Moe
The shilling has depreciated by 0.4% since President Trump's re-election on Nov 6th, following a global dollar rebound.
Today, the Kenyan shilling is currently going for Sh130 against the US dollar as the week starts off rate via @pacific_forex.
tweet
The shilling has depreciated by 0.4% since President Trump's re-election on Nov 6th, following a global dollar rebound.
Today, the Kenyan shilling is currently going for Sh130 against the US dollar as the week starts off rate via @pacific_forex.
tweet
🚨 MoneyAcademyKE
02 Dec, 06:43
Moe
Kenya has waived duty on equipment for billionaire Narendra Raval's Sh11 billion steel plant in Taita-Taveta.
This was due to a joint effort between the Ministries of Trade and Mining to support the project.
tweet
Kenya has waived duty on equipment for billionaire Narendra Raval's Sh11 billion steel plant in Taita-Taveta.
This was due to a joint effort between the Ministries of Trade and Mining to support the project.
tweet
🚨 MoneyAcademyKE
02 Dec, 06:43
Moe
KenGen has signed a Sh250 million deal with Eswatini to study the potential for a geothermal power plant
tweet
KenGen has signed a Sh250 million deal with Eswatini to study the potential for a geothermal power plant
tweet
🚨 MoneyAcademyKE
02 Dec, 05:43
Moe
Kenya has begun the trial phase of its end-to-end (E-GP) system to digitize public procurement.
The system is set to ensure all government transactions are online by April 2025, with an estimated cost of Sh560 million to complete the digitization
tweet
Kenya has begun the trial phase of its end-to-end (E-GP) system to digitize public procurement.
The system is set to ensure all government transactions are online by April 2025, with an estimated cost of Sh560 million to complete the digitization
tweet
🚨 MoneyAcademyKE
02 Dec, 05:13
Moe
Blow to Kenyan farmers as Cargill exits the Mombasa Tea Auction after 40 years, shifting focus to wheat, maize, and other crops.
This is due to a strategic shift in focus, and its departure could lower tea market prices, reducing farmers' income.
tweet
Blow to Kenyan farmers as Cargill exits the Mombasa Tea Auction after 40 years, shifting focus to wheat, maize, and other crops.
This is due to a strategic shift in focus, and its departure could lower tea market prices, reducing farmers' income.
tweet
🚨 MoneyAcademyKE
02 Dec, 04:43
Moe
Kenya is set to raise Sh13.4 billion annually through a proposed 5% withholding tax on interest from new infrastructure bonds
tweet
Kenya is set to raise Sh13.4 billion annually through a proposed 5% withholding tax on interest from new infrastructure bonds
tweet
🚨 MoneyAcademyKE
02 Dec, 04:13
Moe
Standard Digital has officially announced the merger of KTN Home and KTN News into one unified brand, KTN.
tweet
Standard Digital has officially announced the merger of KTN Home and KTN News into one unified brand, KTN.
tweet
🚨 MoneyAcademyKE
02 Dec, 03:43
Moe
The East African Community has officially added Kiswahili and French as official languages, alongside English.
tweet
The East African Community has officially added Kiswahili and French as official languages, alongside English.
tweet
🚨 MoneyAcademyKE
02 Dec, 03:13
Moe
Kenya is in talks with Suni Smart Energy for a Sh455 million carbon credits deal to monetize the 15 billion trees set to be planted by 2032.
The deal includes developing a trading platform for carbon credits across all 47 counties, tapping into the growing global carbon market
tweet
Kenya is in talks with Suni Smart Energy for a Sh455 million carbon credits deal to monetize the 15 billion trees set to be planted by 2032.
The deal includes developing a trading platform for carbon credits across all 47 counties, tapping into the growing global carbon market
tweet
🚨 MoneyAcademyKE
02 Dec, 02:13
Moe
Kenya's Treasury is set to revive the stalled Kimwarer and Arror dams under PPP financing.
A report shows the projects are ongoing under the PPP framework, placing them in the growing list of public projects handed to private investors like Indian billionaire Gautam Adani.
tweet
Kenya's Treasury is set to revive the stalled Kimwarer and Arror dams under PPP financing.
A report shows the projects are ongoing under the PPP framework, placing them in the growing list of public projects handed to private investors like Indian billionaire Gautam Adani.
tweet
🚨 MoneyAcademyKE
01 Dec, 18:11
Moe
Former DP Rigathi Gachagua says the housing program should be left to the private sector, with people building at their own pace.
He adds that when the President spoke about the housing levy in Embu, locals rejected it because MPs don’t speak for the people
tweet
Former DP Rigathi Gachagua says the housing program should be left to the private sector, with people building at their own pace.
He adds that when the President spoke about the housing levy in Embu, locals rejected it because MPs don’t speak for the people
tweet
🚨 MoneyAcademyKE
01 Dec, 18:11
Moe
Former DP Rigathi Gachagua says that from where he sits, the economy has not improved and is doing very badly.
He adds that anytime there is an improvement in the economy, the people will feel it through better employment and cash flow.
tweet
Former DP Rigathi Gachagua says that from where he sits, the economy has not improved and is doing very badly.
He adds that anytime there is an improvement in the economy, the people will feel it through better employment and cash flow.
tweet
🚨 MoneyAcademyKE
01 Dec, 18:11
Moe
Former DP Rigathi Gachagua says some of the President's advisors are deeply involved in the Sh104 billion SHIF system; that's why they were rushing it
tweet
Former DP Rigathi Gachagua says some of the President's advisors are deeply involved in the Sh104 billion SHIF system; that's why they were rushing it
tweet
🚨 MoneyAcademyKE
01 Dec, 18:11
Moe
Former DP Rigathi Gachagua says Adani never came up in any Cabinet sub-committees he chaired while in office, but SHA did
tweet
Former DP Rigathi Gachagua says Adani never came up in any Cabinet sub-committees he chaired while in office, but SHA did
tweet
🚨 MoneyAcademyKE
01 Dec, 17:41
Moe
Former DP Rigathi Gachagua says he could not defend theft in President Ruto's government
tweet
Former DP Rigathi Gachagua says he could not defend theft in President Ruto's government
tweet
🚨 MoneyAcademyKE
01 Dec, 17:41
Moe
Former Deputy President Rigathi Gachagua criticized the shift from NHIF to SHIF, saying it was rushed and lacked sufficient justification.
He added that upgrading NHIF would have cost Sh700-800 million compared to Sh104 billion for the new system
tweet
Former Deputy President Rigathi Gachagua criticized the shift from NHIF to SHIF, saying it was rushed and lacked sufficient justification.
He added that upgrading NHIF would have cost Sh700-800 million compared to Sh104 billion for the new system
tweet
🚨 MoneyAcademyKE
30 Nov, 14:06
Moe
Kenya is set to increase phytosanitary certificate fees for the import and export of a 40-foot container by 667%, from $11.8 to $90.5, effective Dec 1, 2024.
This will make Kenya one of the most expensive routes in the region, compared to Tanzania's $17.
—A phytosanitary certificate proves that plants, seeds, or food meet health standards to prevent pests and diseases
tweet
Kenya is set to increase phytosanitary certificate fees for the import and export of a 40-foot container by 667%, from $11.8 to $90.5, effective Dec 1, 2024.
This will make Kenya one of the most expensive routes in the region, compared to Tanzania's $17.
—A phytosanitary certificate proves that plants, seeds, or food meet health standards to prevent pests and diseases
tweet
🚨 MoneyAcademyKE
30 Nov, 10:05
Moe
RT @Fortuneochako1: KBA urges CBK to make a bold CBR cut in the Dec 5 MPC meeting.
They argue this will lower lending rates, boost private sector credit growth, and support economic recovery, with inflation below 5% and credit markets still tight. https://t.co/ZYu99ZuHKU
tweet
RT @Fortuneochako1: KBA urges CBK to make a bold CBR cut in the Dec 5 MPC meeting.
They argue this will lower lending rates, boost private sector credit growth, and support economic recovery, with inflation below 5% and credit markets still tight. https://t.co/ZYu99ZuHKU
tweet
🚨 MoneyAcademyKE
30 Nov, 09:34
Moe
RT @pacific_forex: Usd🇺🇸 buying at 129 selling at 130.2
Contact us at 0762300370.
tweet
RT @pacific_forex: Usd🇺🇸 buying at 129 selling at 130.2
Contact us at 0762300370.
tweet
🚨 MoneyAcademyKE
30 Nov, 07:55
🏀🧮 #BTC Scottie Pippen calculated for us how many years it took for different investment instruments to turn starting $5,000 into $1 million.
🚨 MoneyAcademyKE
30 Nov, 07:34
Moe
Looking for quality laptop?
Here some amazing options
Thread below👇
tweet
Looking for quality laptop?
Here some amazing options
Thread below👇
tweet
🚨 MoneyAcademyKE
30 Nov, 07:04
Moe
Former Sports CS Rashid Echesa has been appointed Chair of the National Council for Occupational Safety and Health
tweet
Former Sports CS Rashid Echesa has been appointed Chair of the National Council for Occupational Safety and Health
tweet
🚨 MoneyAcademyKE
30 Nov, 05:33
Moe
Kenya Urban Roads Authority (KURA) is under scrutiny as MPs investigate Sh687 million overpayment to a contractor for incomplete bridges and roads.
Despite 50% of the work being unfinished, payments were made
tweet
Kenya Urban Roads Authority (KURA) is under scrutiny as MPs investigate Sh687 million overpayment to a contractor for incomplete bridges and roads.
Despite 50% of the work being unfinished, payments were made
tweet
🚨 MoneyAcademyKE
30 Nov, 04:03
Moe
Local banks in Kenya recorded a 15% rise in pre-tax profits, from Sh177.8 billion to Sh204 billion, for the first nine months of 2024.
Despite high loan defaults and reduced borrowing, the loan book now stands at Sh4.07 trillion.
tweet
Local banks in Kenya recorded a 15% rise in pre-tax profits, from Sh177.8 billion to Sh204 billion, for the first nine months of 2024.
Despite high loan defaults and reduced borrowing, the loan book now stands at Sh4.07 trillion.
tweet
🚨 MoneyAcademyKE
30 Nov, 03:33
Moe
Bank's Profit After Tax for the First Nine Months of 2024 (Q3) Results:
— KCB: Up 49% to Sh45.8 billion
— Equity: Up 13.6% to Sh39.3 billion
— Co-op: Up 4.4% to Sh19.2 billion
— StanChart: Up 62.7% to Sh15.85 billion
— NCBA: Up 3% to Sh15.1 billion
— Absa: Up 19.8% to Sh14.7 billion
— Stanbic: Up 9.3% to Sh10.1 billion
— I&M: Up 21.3% to Sh9.9 billion
— DTB: Up 8.5% to Sh6.51 billion
— Family Bank: Up 7.5% to Sh2.3 billion
— HF Group: Up 105% to Sh483 million
— Sidian Bank: Up 22.3% to Sh257.6 million
tweet
Bank's Profit After Tax for the First Nine Months of 2024 (Q3) Results:
— KCB: Up 49% to Sh45.8 billion
— Equity: Up 13.6% to Sh39.3 billion
— Co-op: Up 4.4% to Sh19.2 billion
— StanChart: Up 62.7% to Sh15.85 billion
— NCBA: Up 3% to Sh15.1 billion
— Absa: Up 19.8% to Sh14.7 billion
— Stanbic: Up 9.3% to Sh10.1 billion
— I&M: Up 21.3% to Sh9.9 billion
— DTB: Up 8.5% to Sh6.51 billion
— Family Bank: Up 7.5% to Sh2.3 billion
— HF Group: Up 105% to Sh483 million
— Sidian Bank: Up 22.3% to Sh257.6 million
tweet
🚨 MoneyAcademyKE
30 Nov, 02:33
Moe
A new Bill has been proposed in Parliament requiring public entities to regularly review and publish the qualifications of all public officers in national, county, and other public service positions.
tweet
A new Bill has been proposed in Parliament requiring public entities to regularly review and publish the qualifications of all public officers in national, county, and other public service positions.
tweet
🚨 MoneyAcademyKE
30 Nov, 01:33
Moe
RT @alasirimotors: Motor private Insurance Policy Explained https://t.co/8vWOlXjZxk
tweet
RT @alasirimotors: Motor private Insurance Policy Explained https://t.co/8vWOlXjZxk
tweet
🚨 MoneyAcademyKE
29 Nov, 13:00
Moe
Kenya's inflation rate rose to 2.8% in November 2024, up from 2.7% in October 2024.
tweet
Kenya's inflation rate rose to 2.8% in November 2024, up from 2.7% in October 2024.
tweet
🚨 MoneyAcademyKE
29 Nov, 10:00
Moe
Tough times for employees and employers as Kenya is set to increase NSSF deductions to 6% of salaries starting February 1, 2025.
Employees will contribute up to Sh4,320 monthly, up from Sh2,160, with employers matching the amounts
tweet
Tough times for employees and employers as Kenya is set to increase NSSF deductions to 6% of salaries starting February 1, 2025.
Employees will contribute up to Sh4,320 monthly, up from Sh2,160, with employers matching the amounts
tweet
🚨 MoneyAcademyKE
27 Nov, 17:53
Moe
Former Bank of China Chairman Liu Liange has been sentenced to death with a two-year reprieve for accepting significant bribes and issuing illegal loans.
tweet
Former Bank of China Chairman Liu Liange has been sentenced to death with a two-year reprieve for accepting significant bribes and issuing illegal loans.
tweet
🚨 MoneyAcademyKE
27 Nov, 14:52
Moe
Kenya's government has stopped overseas job recruitment after receiving 5,900 applications.
Labour CS Mutua says the process will resume after Dec 12 and urges applicants to raise agency fees for high-paying Gulf jobs.
tweet
Kenya's government has stopped overseas job recruitment after receiving 5,900 applications.
Labour CS Mutua says the process will resume after Dec 12 and urges applicants to raise agency fees for high-paying Gulf jobs.
tweet
🚨 MoneyAcademyKE
27 Nov, 12:12
Moe
INTERPOL reveals Kenyan hackers stole Sh1.1 billion in a cybercrime operation, altering banking security protocols.
They say funds were sent to companies in the UAE, Nigeria, and China.
—24 arrests were made during the investigation
tweet
INTERPOL reveals Kenyan hackers stole Sh1.1 billion in a cybercrime operation, altering banking security protocols.
They say funds were sent to companies in the UAE, Nigeria, and China.
—24 arrests were made during the investigation
tweet
🚨 MoneyAcademyKE
27 Nov, 11:12
Moe
KMPDU has issued a notice for a strike in December, telling intern doctors to stay home from today due to four months of unpaid wages.
tweet
KMPDU has issued a notice for a strike in December, telling intern doctors to stay home from today due to four months of unpaid wages.
tweet
🚨 MoneyAcademyKE
27 Nov, 10:42
Moe
RT @C_NyaKundiH: Financial experts and investors concerned that high dependency rate, taxation and reduced take-home salaries are hindering Kenyans ability to save as many continue falling into poverty after leaving formal employment. https://t.co/ocgPpukBHA
tweet
RT @C_NyaKundiH: Financial experts and investors concerned that high dependency rate, taxation and reduced take-home salaries are hindering Kenyans ability to save as many continue falling into poverty after leaving formal employment. https://t.co/ocgPpukBHA
tweet
🚨 MoneyAcademyKE
27 Nov, 10:42
Moe
The High Court has ordered the State to provide evidence to support President William Ruto's claim that the Adani JKIA deal was cancelled
tweet
The High Court has ordered the State to provide evidence to support President William Ruto's claim that the Adani JKIA deal was cancelled
tweet
🚨 MoneyAcademyKE
27 Nov, 10:12
Moe
The Kenya Association of Manufacturers says Kenya loses Sh3 billion daily to corruption
tweet
The Kenya Association of Manufacturers says Kenya loses Sh3 billion daily to corruption
tweet
🚨 MoneyAcademyKE
27 Nov, 09:42
Moe
The Kenyan shilling has returned to trading above Sh130 against the dollar, rate by @pacific_forex.
tweet
The Kenyan shilling has returned to trading above Sh130 against the dollar, rate by @pacific_forex.
Usd🇺🇸 buying at 129.5 selling at 131
Contact us at 0762300370. tweet
🚨 MoneyAcademyKE
27 Nov, 08:11
Moe
Urgent opportunity for crypto enthusiasts
If you’ve been staking your $BNB on Binance recently, here’s your chance to claim an exclusive airdrop featuring THENA ($THE) tokens
Let’s break it down:
tweet
Urgent opportunity for crypto enthusiasts
If you’ve been staking your $BNB on Binance recently, here’s your chance to claim an exclusive airdrop featuring THENA ($THE) tokens
Let’s break it down:
tweet
🚨 MoneyAcademyKE
27 Nov, 08:11
Moe
Kenya has increased fees for birth and death certificates:
—Registration: From Sh50 to up to Sh200
—Late registration: From Sh150 to up to Sh500
—Replacement: From Sh90 to up to Sh1,000
tweet
Kenya has increased fees for birth and death certificates:
—Registration: From Sh50 to up to Sh200
—Late registration: From Sh150 to up to Sh500
—Replacement: From Sh90 to up to Sh1,000
tweet
🚨 MoneyAcademyKE
27 Nov, 07:41
Moe
DTB Kenya's profit after tax increased by 12.6% to Sh7.4 billion in the first nine months of 2024.
tweet
DTB Kenya's profit after tax increased by 12.6% to Sh7.4 billion in the first nine months of 2024.
tweet
🚨 MoneyAcademyKE
27 Nov, 07:11
Moe
ADVTECH Group has acquired Ethiopia’s Flipper International School for Sh968 million, expanding its footprint in East Africa.
The deal adds five schools and 3,000 students to its portfolio, strengthening its presence in Ethiopia and Kenya, where it owns Makini Schools
tweet
ADVTECH Group has acquired Ethiopia’s Flipper International School for Sh968 million, expanding its footprint in East Africa.
The deal adds five schools and 3,000 students to its portfolio, strengthening its presence in Ethiopia and Kenya, where it owns Makini Schools
tweet
🚨 MoneyAcademyKE
27 Nov, 06:41
Moe
Kenya Airways Plc announces the resignation of Mr. James David Kabeberi as an Independent Non-Executive Director.
He was Chairman of the Audit and Risk Committee and Chairman of Fahari Aviation Ltd, a KQ subsidiary.
tweet
Kenya Airways Plc announces the resignation of Mr. James David Kabeberi as an Independent Non-Executive Director.
He was Chairman of the Audit and Risk Committee and Chairman of Fahari Aviation Ltd, a KQ subsidiary.
tweet
🚨 MoneyAcademyKE
27 Nov, 06:11
Moe
CMA has approved Safaricom’s Ziidi Money Market Fund, which will be available on M-PESA.
The fund comes after Safaricom partnered with Standard Investment Bank, ALA Capital, and Sanlam Investments
tweet
CMA has approved Safaricom’s Ziidi Money Market Fund, which will be available on M-PESA.
The fund comes after Safaricom partnered with Standard Investment Bank, ALA Capital, and Sanlam Investments
tweet
🚨 MoneyAcademyKE
27 Nov, 05:41
Moe
East Africa Growth Holdings (EAGH) is set to increase its stake in I&M Group to 15.1%, giving them more control over decisions like hiring, dividends, and big changes.
Shareholders will vote on this plan on Dec 10th.
tweet
East Africa Growth Holdings (EAGH) is set to increase its stake in I&M Group to 15.1%, giving them more control over decisions like hiring, dividends, and big changes.
Shareholders will vote on this plan on Dec 10th.
tweet
🚨 MoneyAcademyKE
27 Nov, 05:11
Moe
Capital Markets Authority (CMA) has issued licenses to nine financial services firms:
They include:
— AKN Investments Limited: Authorized as a securities dealer.
— Moran Capital Management Ltd & Entrust Advisory Ltd: Licensed as investment advisers (private equity, stocks, unit trusts).
— Future Construkt Investment Managers Ltd: Approved as a REIT manager.
— Givva Wealthtech Ltd: Licensed as an intermediary service platform provider.
— CPF Capital and Advisory Ltd: Licensed as a REIT manager & investment adviser.
— Octagon Pension Services Ltd: Approved to operate a unit trust scheme with multiple sub-funds.
— Trademax Global Markets Pty Ltd: Licensed as a non-dealing forex broker.
— Store Poa Enterprise Ltd: Licensed as a money manager.
tweet
Capital Markets Authority (CMA) has issued licenses to nine financial services firms:
They include:
— AKN Investments Limited: Authorized as a securities dealer.
— Moran Capital Management Ltd & Entrust Advisory Ltd: Licensed as investment advisers (private equity, stocks, unit trusts).
— Future Construkt Investment Managers Ltd: Approved as a REIT manager.
— Givva Wealthtech Ltd: Licensed as an intermediary service platform provider.
— CPF Capital and Advisory Ltd: Licensed as a REIT manager & investment adviser.
— Octagon Pension Services Ltd: Approved to operate a unit trust scheme with multiple sub-funds.
— Trademax Global Markets Pty Ltd: Licensed as a non-dealing forex broker.
— Store Poa Enterprise Ltd: Licensed as a money manager.
tweet
🚨 MoneyAcademyKE
27 Nov, 04:41
Moe
Airtel Kenya partners with Naivas to expand its mobile money network, allowing customers to deposit and withdraw cash at all Naivas branches nationwide.
tweet
Airtel Kenya partners with Naivas to expand its mobile money network, allowing customers to deposit and withdraw cash at all Naivas branches nationwide.
tweet
🚨 MoneyAcademyKE
27 Nov, 03:41
Moe
Malaria deaths in Kenya have risen by 20%, from 10,000 to 12,000, despite improved interventions like bed net use
tweet
Malaria deaths in Kenya have risen by 20%, from 10,000 to 12,000, despite improved interventions like bed net use
tweet
🚨 MoneyAcademyKE
27 Nov, 03:10
Moe
MPs lose attempt to block a Sh1 billion tax on car grants. Each MP must pay Sh2.5 million tax on a Sh7.55 million grant given to buy cars.
This comes after the tribunal ruled that the grant is taxable, not tax-free as the MPs had claimed
tweet
MPs lose attempt to block a Sh1 billion tax on car grants. Each MP must pay Sh2.5 million tax on a Sh7.55 million grant given to buy cars.
This comes after the tribunal ruled that the grant is taxable, not tax-free as the MPs had claimed
tweet
🚨 MoneyAcademyKE
21 Nov, 13:05
Moe
ICC issues arrest warrants for Israeli Prime Minister Benjamin Netanyahu and Hamas leader Ibrahim Al-Masri over alleged war crimes
tweet
ICC issues arrest warrants for Israeli Prime Minister Benjamin Netanyahu and Hamas leader Ibrahim Al-Masri over alleged war crimes
tweet
🚨 MoneyAcademyKE
21 Nov, 13:05
Moe
President William Ruto orders the cancellation of the Adani deal involving JKIA and KETRACO
tweet
President William Ruto orders the cancellation of the Adani deal involving JKIA and KETRACO
tweet
🚨 MoneyAcademyKE
21 Nov, 13:05
Moe
President William Ruto says SHA will pay all October claims in full by next week
tweet
President William Ruto says SHA will pay all October claims in full by next week
tweet
🚨 MoneyAcademyKE
21 Nov, 10:34
Moe
Co-op Bank named Overall Winner at the 2024 Sustainable Finance Catalyst Awards by KBA
More details below:
tweet
Co-op Bank named Overall Winner at the 2024 Sustainable Finance Catalyst Awards by KBA
More details below:
tweet
🚨 MoneyAcademyKE
21 Nov, 10:30
US spot bitcoin ETFs surpass $100 billion in assets amid bitcoin’s record rally - The Block
🚨 MoneyAcademyKE
21 Nov, 10:04
Moe
The Kenyan shilling has returned to trading above Sh130 against the dollar, rate by @pacific_forex.
tweet
The Kenyan shilling has returned to trading above Sh130 against the dollar, rate by @pacific_forex.
🇺🇸 Usd buying 129.2 selling 130.5
🇪🇺Euro buying 133 selling 139
🇬🇧Gbp buying 162 selling 169
Contact us at 0762300370. tweet
🚨 MoneyAcademyKE
21 Nov, 09:34
Moe
Energy CS Opiyo says the KETRACO-Adani project will proceed despite fraud charges in the US. https://t.co/68BDKH9oOj
tweet
Energy CS Opiyo says the KETRACO-Adani project will proceed despite fraud charges in the US. https://t.co/68BDKH9oOj
tweet
🚨 MoneyAcademyKE
21 Nov, 09:04
Moe
Kenya's Treasury is seeking MPs' approval for an additional Sh17.7 billion, including Sh2.16 billion for Haiti's security mission.
Other allocations include Sh3.2 billion for East Africa statistics programs and Sh2 billion for arid and semi-arid regions
tweet
Kenya's Treasury is seeking MPs' approval for an additional Sh17.7 billion, including Sh2.16 billion for Haiti's security mission.
Other allocations include Sh3.2 billion for East Africa statistics programs and Sh2 billion for arid and semi-arid regions
tweet
🚨 MoneyAcademyKE
21 Nov, 08:34
Moe
Highlights of KCB Group's Q3 Results (First Nine Months of 2024):
KCB Group recorded an impressive performance, with profit after tax rising by 49% to Sh45.8 billion.
Here are more detailed insights into their performance across various areas:
tweet
Highlights of KCB Group's Q3 Results (First Nine Months of 2024):
KCB Group recorded an impressive performance, with profit after tax rising by 49% to Sh45.8 billion.
Here are more detailed insights into their performance across various areas:
tweet
🚨 MoneyAcademyKE
21 Nov, 07:04
Moe
Kenya's revenue gap hits Sh43 billion in the first four months of FY 2024/25, mainly due to low tax collections.
tweet
Kenya's revenue gap hits Sh43 billion in the first four months of FY 2024/25, mainly due to low tax collections.
tweet
🚨 MoneyAcademyKE
21 Nov, 06:04
Moe
All Adani stocks have fallen by more than 21% after Gautam Adani was charged by U.S. prosecutors with allegedly handing out over $250 million in bribes
tweet
All Adani stocks have fallen by more than 21% after Gautam Adani was charged by U.S. prosecutors with allegedly handing out over $250 million in bribes
tweet
🚨 MoneyAcademyKE
21 Nov, 05:33
Moe
Breaking;Bitcoin has just hit a new all-time high of $97,000.
tweet
Breaking;Bitcoin has just hit a new all-time high of $97,000.
tweet
🚨 MoneyAcademyKE
21 Nov, 05:03
Moe
Tough times for Kenyans as new Housing Levy and SHIF deductions now take up to 45% of workers' pay, leaving only 55%.
This has cut spending power and hurt sales of everyday goods.
Here is how before these new deductions and after:
— Salary Sh50,000: Sh39 448→ Sh39,273
— Salary Sh100,000: Sh73,385 → Sh73,335
— Salary Sh200,000: Sh142,110→ Sh138,310
— Salary Sh350,000: Sh245,198→ Sh237,273
— Salary Sh500,000: Sh348,285 → Sh336,235
— Salary Sh1,000,000: Sh674,518 → Sh648,718
tweet
Tough times for Kenyans as new Housing Levy and SHIF deductions now take up to 45% of workers' pay, leaving only 55%.
This has cut spending power and hurt sales of everyday goods.
Here is how before these new deductions and after:
— Salary Sh50,000: Sh39 448→ Sh39,273
— Salary Sh100,000: Sh73,385 → Sh73,335
— Salary Sh200,000: Sh142,110→ Sh138,310
— Salary Sh350,000: Sh245,198→ Sh237,273
— Salary Sh500,000: Sh348,285 → Sh336,235
— Salary Sh1,000,000: Sh674,518 → Sh648,718
tweet
🚨 MoneyAcademyKE
21 Nov, 04:03
Moe
LSK accuses the Judiciary of failing Kenyans, citing corruption, misuse of agencies for political purposes, media suppression, and targeting civil groups.
They say the Judiciary must protect the Constitution and win back public trust
tweet
LSK accuses the Judiciary of failing Kenyans, citing corruption, misuse of agencies for political purposes, media suppression, and targeting civil groups.
They say the Judiciary must protect the Constitution and win back public trust
tweet
🚨 MoneyAcademyKE
21 Nov, 03:33
Moe
The US Federal Court has also issued arrest warrants for Gautam Adani and his associates.
These warrants will be sent to foreign law enforcement agencies
tweet
The US Federal Court has also issued arrest warrants for Gautam Adani and his associates.
These warrants will be sent to foreign law enforcement agencies
tweet
🚨 MoneyAcademyKE
21 Nov, 03:03
Moe
Adani has been charged for involvement in a scheme paying over $250 million in bribes to corrupt Indian officials.
Recently, the Kenyan government awarded Adani a major KETRACO project to construct three transmission lines and two substations
tweet
Adani has been charged for involvement in a scheme paying over $250 million in bribes to corrupt Indian officials.
Recently, the Kenyan government awarded Adani a major KETRACO project to construct three transmission lines and two substations
tweet
🚨 MoneyAcademyKE
21 Nov, 02:33
Moe
Kenya has spent Sh2.1 billion taxpayers' money on the Haiti peace mission despite promises no public funds would be used
tweet
Kenya has spent Sh2.1 billion taxpayers' money on the Haiti peace mission despite promises no public funds would be used
tweet
🚨 MoneyAcademyKE
20 Nov, 13:30
Moe
KCB Bank is releasing its Q3 financial results today.
You can join the event virtually using the link below
tweet
KCB Bank is releasing its Q3 financial results today.
You can join the event virtually using the link below
tweet
🚨 MoneyAcademyKE
20 Nov, 12:00
Moe
President William Ruto has directed police to stop violence against women and girls and committed sh100 million for a safety drive starting november 25, 2024
tweet
President William Ruto has directed police to stop violence against women and girls and committed sh100 million for a safety drive starting november 25, 2024
tweet
🚨 MoneyAcademyKE
04 Nov, 13:23
Moe
The U.S. elections to be held tomorrow will see voters choosing between Republican nominee Donald Trump and Democratic leader Kamala Harris for the nation’s 47th President.
tweet
The U.S. elections to be held tomorrow will see voters choosing between Republican nominee Donald Trump and Democratic leader Kamala Harris for the nation’s 47th President.
tweet
🚨 MoneyAcademyKE
04 Nov, 08:53
Moe
Starlink has suspended new subscriptions in Nairobi and nearby areas due to network overload
They say that too many users are trying to access their service, which is affecting bandwidth and preventing them from supporting additional residential or roaming customers at this time
tweet
Starlink has suspended new subscriptions in Nairobi and nearby areas due to network overload
They say that too many users are trying to access their service, which is affecting bandwidth and preventing them from supporting additional residential or roaming customers at this time
tweet
🚨 MoneyAcademyKE
04 Nov, 08:53
Moe
The CS for Treasury, John Mbadi, has released the Draft Income Tax Act, which outlines new rules about how income tax will be managed in Kenya.
Here are the key points from the draft:
—Employers must submit a tax return showing salaries and taxes deducted by the 9th of the following month.
—Employers must deduct tax from employee salaries every month.
—Employers are responsible for calculating the correct amount of tax due each month, considering personal relief.
—Detailed records of salaries, taxes charged, and personal relief must be maintained by employers.
—Employers must submit a tax return showing salaries and taxes deducted by the 9th of the following month.
—Employers must inform employees about their total earnings and the tax deducted at the end of each month.
—If there are disputes about tax deductions, employees can appeal to the Commissioner..
—There are penalties for employers who fail to submit returns or pay taxes on time.
—If an employer passes away or changes, their tax obligations can transfer to their successors.
tweet
The CS for Treasury, John Mbadi, has released the Draft Income Tax Act, which outlines new rules about how income tax will be managed in Kenya.
Here are the key points from the draft:
—Employers must submit a tax return showing salaries and taxes deducted by the 9th of the following month.
—Employers must deduct tax from employee salaries every month.
—Employers are responsible for calculating the correct amount of tax due each month, considering personal relief.
—Detailed records of salaries, taxes charged, and personal relief must be maintained by employers.
—Employers must submit a tax return showing salaries and taxes deducted by the 9th of the following month.
—Employers must inform employees about their total earnings and the tax deducted at the end of each month.
—If there are disputes about tax deductions, employees can appeal to the Commissioner..
—There are penalties for employers who fail to submit returns or pay taxes on time.
—If an employer passes away or changes, their tax obligations can transfer to their successors.
tweet
🚨 MoneyAcademyKE
04 Nov, 07:22
Moe
Kenyan Shilling holds steady against the US dollar as the week starts off, currently trading at Sh129 rate by @pacific_forex
tweet
Kenyan Shilling holds steady against the US dollar as the week starts off, currently trading at Sh129 rate by @pacific_forex
tweet
🚨 MoneyAcademyKE
04 Nov, 06:52
Moe
Kenya stock update:
Here’s a summary of the NSE top performers and losers from last week:
Gainers:
—Car and General: +9.3% to Sh23
—Kakuzi: +9.3% to Sh433.75
—EA Portland: +9.1% to Sh31.9
—Longhorn: +8.7% to Sh2.5
—HF Group: +5.5% to Sh4.41
Losers:
—Standard: -8.3% to Sh5.5
—Kenya Power: -7.5% to Sh4.56
—Sameer: -7.2% to Sh2.18
—Uchumi: -5% to Sh0.19
—Carbacid: -4.4% to Sh21.7
tweet
Kenya stock update:
Here’s a summary of the NSE top performers and losers from last week:
Gainers:
—Car and General: +9.3% to Sh23
—Kakuzi: +9.3% to Sh433.75
—EA Portland: +9.1% to Sh31.9
—Longhorn: +8.7% to Sh2.5
—HF Group: +5.5% to Sh4.41
Losers:
—Standard: -8.3% to Sh5.5
—Kenya Power: -7.5% to Sh4.56
—Sameer: -7.2% to Sh2.18
—Uchumi: -5% to Sh0.19
—Carbacid: -4.4% to Sh21.7
tweet
🚨 MoneyAcademyKE
04 Nov, 06:22
Moe
The National Treasury has revived its plan to impose a 5% withholding tax on interest earned from infrastructure bonds that last at least three years.
tweet
The National Treasury has revived its plan to impose a 5% withholding tax on interest earned from infrastructure bonds that last at least three years.
tweet
🚨 MoneyAcademyKE
04 Nov, 05:52
Moe
The CMA and Treasury are pushing to establish a clear trading platform for carbon credits as Kenya targets top earnings from the eco-business.
The government may take 25% of revenue from private companies selling carbon credits to fund sustainable development.
tweet
The CMA and Treasury are pushing to establish a clear trading platform for carbon credits as Kenya targets top earnings from the eco-business.
The government may take 25% of revenue from private companies selling carbon credits to fund sustainable development.
tweet
🚨 MoneyAcademyKE
04 Nov, 05:22
Moe
KenGen and Kenya Power reduced their borrowings by at least Sh48 billion by June 2024, helped by a stronger shilling.
KenGen’s long-term debt fell by Sh29 billion to Sh108 billion, mainly due to Sh21 billion from foreign exchange changes and Sh8 billion in loan payments.
tweet
KenGen and Kenya Power reduced their borrowings by at least Sh48 billion by June 2024, helped by a stronger shilling.
KenGen’s long-term debt fell by Sh29 billion to Sh108 billion, mainly due to Sh21 billion from foreign exchange changes and Sh8 billion in loan payments.
tweet
🚨 MoneyAcademyKE
04 Nov, 04:52
Moe
The Treasury plans to introduce a new 6% tax on ride-hailing services like Uber and Bolt, food delivery companies like Jumia and Glovo, and freelance platforms.
This new tax will replace the old Digital Service Tax and aims to include more foreign companies in the tax system.
tweet
The Treasury plans to introduce a new 6% tax on ride-hailing services like Uber and Bolt, food delivery companies like Jumia and Glovo, and freelance platforms.
This new tax will replace the old Digital Service Tax and aims to include more foreign companies in the tax system.
tweet
🚨 MoneyAcademyKE
04 Nov, 04:22
Moe
The Treasury proposes tax reliefs allowing SHIF and housing levy deductions from gross pay before income tax.
Monthly reliefs are as follows:
—Sh318 for workers earning Sh50,000
—Sh637 for workers earning Sh100,000
—Sh3,187 for workers earning Sh500,000
tweet
The Treasury proposes tax reliefs allowing SHIF and housing levy deductions from gross pay before income tax.
Monthly reliefs are as follows:
—Sh318 for workers earning Sh50,000
—Sh637 for workers earning Sh100,000
—Sh3,187 for workers earning Sh500,000
tweet
🚨 MoneyAcademyKE
04 Nov, 03:52
Moe
Kenya Power has dropped plans to involve private firms in connecting and billing customers in informal settlements.
The utility has instead assigned the work to the State-owned Rural Electrification and Renewable Energy Corporation (Rerec)
tweet
Kenya Power has dropped plans to involve private firms in connecting and billing customers in informal settlements.
The utility has instead assigned the work to the State-owned Rural Electrification and Renewable Energy Corporation (Rerec)
tweet
🚨 MoneyAcademyKE
04 Nov, 03:22
Moe
World Bank warns that ending Kenya Power's monopoly could lead to a rise in electricity prices.
They say allowing private firms to sell power risks higher tariffs and potential market chaos, despite government hopes of lowering consumer bills
tweet
World Bank warns that ending Kenya Power's monopoly could lead to a rise in electricity prices.
They say allowing private firms to sell power risks higher tariffs and potential market chaos, despite government hopes of lowering consumer bills
tweet
🚨 MoneyAcademyKE
04 Nov, 02:21
Moe
Kenya plans to raise wine taxes by 85%, from Sh243 to Sh450 per litre, making it more expensive.
While beer like Tusker may get 34% cheaper, with taxes dropping from Sh71 to Sh47, supported by the IMF.
tweet
Kenya plans to raise wine taxes by 85%, from Sh243 to Sh450 per litre, making it more expensive.
While beer like Tusker may get 34% cheaper, with taxes dropping from Sh71 to Sh47, supported by the IMF.
tweet
🚨 MoneyAcademyKE
03 Nov, 09:49
Moe
The State House maintenance budget has increased by Sh105 million, from Sh795 million in FY2023/24 to Sh900 million in FY2024/25.
tweet
The State House maintenance budget has increased by Sh105 million, from Sh795 million in FY2023/24 to Sh900 million in FY2024/25.
tweet
🚨 MoneyAcademyKE
03 Nov, 09:18
Moe
Best refurbished laptops in the price range of Ksh 25,000–60,000. See thread below for details👇
tweet
Best refurbished laptops in the price range of Ksh 25,000–60,000. See thread below for details👇
tweet
🚨 MoneyAcademyKE
03 Nov, 05:16
Moe
Starting January 1, 2025, KRA will monitor all imported and locally assembled mobile phones using unique ID numbers (IMEI) for tax purposes
This could invade people’s privacy.
More details below;
tweet
Starting January 1, 2025, KRA will monitor all imported and locally assembled mobile phones using unique ID numbers (IMEI) for tax purposes
This could invade people’s privacy.
More details below;
tweet
🚨 MoneyAcademyKE
03 Nov, 04:16
Moe
The IMF notes that Kenya plans 37 potential PPPs worth Sh1.6 trillion for FY 2024/25.
They state that these projects, focused on transportation, water & sanitation, and healthcare, are set for execution in the coming years.
tweet
The IMF notes that Kenya plans 37 potential PPPs worth Sh1.6 trillion for FY 2024/25.
They state that these projects, focused on transportation, water & sanitation, and healthcare, are set for execution in the coming years.
tweet
🚨 MoneyAcademyKE
03 Nov, 03:46
Moe
More than 99% of Kenyans who submitted their views in the public participation process rejected the proposal to extend term limits entirely.
tweet
More than 99% of Kenyans who submitted their views in the public participation process rejected the proposal to extend term limits entirely.
tweet
🚨 MoneyAcademyKE
03 Nov, 03:15
Moe
IMF has advised Kenya to reassess its new environmental tax on imported goods, warning of potential economic impacts.
The proposed levy, aimed at funding environmental efforts, could lead to inflation and trade challenges without careful planning.
tweet
IMF has advised Kenya to reassess its new environmental tax on imported goods, warning of potential economic impacts.
The proposed levy, aimed at funding environmental efforts, could lead to inflation and trade challenges without careful planning.
tweet
🚨 MoneyAcademyKE
03 Nov, 02:15
Moe
KRA recovered Sh4.2 billion through corruption and tax evasion reports on its iWhistle platform.
883 cases were reported, with 255 staff under investigation, says President Ruto
tweet
KRA recovered Sh4.2 billion through corruption and tax evasion reports on its iWhistle platform.
883 cases were reported, with 255 staff under investigation, says President Ruto
tweet
🚨 MoneyAcademyKE
02 Nov, 04:41
Moe
KRA plans to collect Sh20.5 trillion over the next five years by increasing the active taxpayer base from 9 million to 13 million by 2028.
tweet
KRA plans to collect Sh20.5 trillion over the next five years by increasing the active taxpayer base from 9 million to 13 million by 2028.
tweet
🚨 MoneyAcademyKE
02 Nov, 04:11
Moe
The cost of internet and Telephone calls in Kenya is set to increase.
This increase follows the Treasury's proposal to raise excise duty on telephone calls and internet from 15% to 20% in a move to generate additional revenue
tweet
The cost of internet and Telephone calls in Kenya is set to increase.
This increase follows the Treasury's proposal to raise excise duty on telephone calls and internet from 15% to 20% in a move to generate additional revenue
tweet
🚨 MoneyAcademyKE
02 Nov, 03:11
Moe
The government plans to restore some of the tax measures it scrapped from the controversial Finance Bill 2024, which was repealed following public uproar, through three bills.
More details below:
tweet
The government plans to restore some of the tax measures it scrapped from the controversial Finance Bill 2024, which was repealed following public uproar, through three bills.
More details below:
tweet
🚨 MoneyAcademyKE
02 Nov, 02:41
Moe
Adani Power has stopped half of its power supply to Bangladesh due to unpaid dues, leaving the country with a 1,600MW shortfall.
tweet
Adani Power has stopped half of its power supply to Bangladesh due to unpaid dues, leaving the country with a 1,600MW shortfall.
tweet
🚨 MoneyAcademyKE
01 Nov, 17:24
Tiktok 'admani_explains'
https://www.tiktok.com/@admani_explains/video/7432360154600901919
https://www.tiktok.com/@admani_explains/video/7432360154600901919
🚨 MoneyAcademyKE
01 Nov, 13:58
Moe
President William Ruto has signed the Sugar Bill into law.
This move allows for the re-establishment of the Kenya Sugar Board, and the agency is tasked with reviving the sugar industry and regulating sugar prices.
tweet
President William Ruto has signed the Sugar Bill into law.
This move allows for the re-establishment of the Kenya Sugar Board, and the agency is tasked with reviving the sugar industry and regulating sugar prices.
tweet
🚨 MoneyAcademyKE
01 Nov, 10:28
Moe
The Senate Legal Committee has rejected a bill by Nandi Senator Samson Cherargei, which seeks to extend the term of office for the President, MPs, Governors, and MCAs from five years to seven years
tweet
The Senate Legal Committee has rejected a bill by Nandi Senator Samson Cherargei, which seeks to extend the term of office for the President, MPs, Governors, and MCAs from five years to seven years
tweet
🚨 MoneyAcademyKE
01 Nov, 07:57
Moe
Professor Abraham Kithure Kindiki has been officially sworn in as Kenya's Third Deputy President.
tweet
Professor Abraham Kithure Kindiki has been officially sworn in as Kenya's Third Deputy President.
tweet
🚨 MoneyAcademyKE
01 Nov, 07:27
Moe
The Kenya Medical Practitioners and Dentists Council has ordered the immediate closure of Omnicare Medical, also known as Body by Design, for serious health and safety violations.
This action is in line with the Medical Practitioners and Dentists Act
tweet
The Kenya Medical Practitioners and Dentists Council has ordered the immediate closure of Omnicare Medical, also known as Body by Design, for serious health and safety violations.
This action is in line with the Medical Practitioners and Dentists Act
tweet
🚨 MoneyAcademyKE
01 Nov, 06:57
Moe
OpenAI has launched ChatGPT Search, a competitor to Google.
tweet
OpenAI has launched ChatGPT Search, a competitor to Google.
tweet
🚨 MoneyAcademyKE
01 Nov, 06:27
Moe
Kenya's external debt owed to various creditors as of June 2024 is as follows:
—IDA: Sh1.5 trillion
—Commercial banks: Sh1.2 trillion
—China: Sh507 billion
—ADB/ADF: Sh507 billion
—IMF: Sh429 billion
—France: Sh91 billion
—Japan: Sh78 billion
—Others: Sh481 billion
tweet
Kenya's external debt owed to various creditors as of June 2024 is as follows:
—IDA: Sh1.5 trillion
—Commercial banks: Sh1.2 trillion
—China: Sh507 billion
—ADB/ADF: Sh507 billion
—IMF: Sh429 billion
—France: Sh91 billion
—Japan: Sh78 billion
—Others: Sh481 billion
tweet
🚨 MoneyAcademyKE
01 Nov, 05:57
Moe
The National Treasury proposes to increase the Railway Development Levy rate from 1.5% to 2.5%.
tweet
The National Treasury proposes to increase the Railway Development Levy rate from 1.5% to 2.5%.
tweet
🚨 MoneyAcademyKE
01 Nov, 05:27
Moe
The National Treasury proposes a Minimum Top-up Tax for multinationals in Kenya with annual turnovers of at least Sh100 billion
They say if their effective tax rate is below 15%, these companies will pay this additional tax to align with global standards.
tweet
The National Treasury proposes a Minimum Top-up Tax for multinationals in Kenya with annual turnovers of at least Sh100 billion
They say if their effective tax rate is below 15%, these companies will pay this additional tax to align with global standards.
tweet
🚨 MoneyAcademyKE
01 Nov, 04:57
Moe
The National Treasury proposes a tax of 5% on interest income from infrastructure bonds through the Tax Laws (Amendment) Bill 2024.
tweet
The National Treasury proposes a tax of 5% on interest income from infrastructure bonds through the Tax Laws (Amendment) Bill 2024.
tweet
🚨 MoneyAcademyKE
01 Nov, 04:27
Moe
The IMF has urged Kenya to boost tax revenue as a condition for its multi-billion loan facility.
It states that Kenya’s recent revenue underperformance, partly due to the withdrawal of the Finance Bill 2024, has strained the Treasury’s finances.
tweet
The IMF has urged Kenya to boost tax revenue as a condition for its multi-billion loan facility.
It states that Kenya’s recent revenue underperformance, partly due to the withdrawal of the Finance Bill 2024, has strained the Treasury’s finances.
tweet
🚨 MoneyAcademyKE
01 Nov, 03:26
Moe
The High Court has agreed with the SRC's decision to reduce the monthly stipend for medical interns from Sh200,000 to Sh70,000.
Both sides have 90 days to negotiate the specific clause in the CBA about intern pay.
tweet
The High Court has agreed with the SRC's decision to reduce the monthly stipend for medical interns from Sh200,000 to Sh70,000.
Both sides have 90 days to negotiate the specific clause in the CBA about intern pay.
tweet
🚨 MoneyAcademyKE
01 Nov, 03:26
Moe
Kenya’s National Treasury has proposed four bills for 2024 to increase tax revenue and support county funding
They include:
—Tax Laws Amendment: Expands tax on digital services like ride-hailing, freelancing, and food delivery.
Introduces a minimum 15% tax on global companies with annual revenue above Sh100 billion.
—Tax Procedures Amendment: Adds penalties, including a 10% charge on tax agents who fail to remit withholding tax.
—Public Finance (Amendment) No. 3: Ensures counties can access up to 50% of the previous year’s funds if key revenue bills are delayed.
—Public Finance (Amendment) No. 4: Clarifies regulations on government borrowing and guarantees.
tweet
Kenya’s National Treasury has proposed four bills for 2024 to increase tax revenue and support county funding
They include:
—Tax Laws Amendment: Expands tax on digital services like ride-hailing, freelancing, and food delivery.
Introduces a minimum 15% tax on global companies with annual revenue above Sh100 billion.
—Tax Procedures Amendment: Adds penalties, including a 10% charge on tax agents who fail to remit withholding tax.
—Public Finance (Amendment) No. 3: Ensures counties can access up to 50% of the previous year’s funds if key revenue bills are delayed.
—Public Finance (Amendment) No. 4: Clarifies regulations on government borrowing and guarantees.
tweet
🚨 MoneyAcademyKE
01 Nov, 02:26
Moe
PS Harry Kimtai says if Kenyans want extra medical benefits, they should pay for private cover under the SHIF services.
tweet
PS Harry Kimtai says if Kenyans want extra medical benefits, they should pay for private cover under the SHIF services.
tweet
🚨 MoneyAcademyKE
31 Oct, 18:55
Moe
The KNEC boss David Njeng'ere has confirmed that KCSE exams scheduled for tomorrow, Friday, November 1, will proceed as planned despite the public holiday announcement.
tweet
The KNEC boss David Njeng'ere has confirmed that KCSE exams scheduled for tomorrow, Friday, November 1, will proceed as planned despite the public holiday announcement.
tweet
18,535
subscribers
1,402
photos
396
videos
