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4 Oct, 6 tweets, 5 min read
As Uhuru Kenyatta mounted a political comeback by campaigning against corruption, his family’s secret fortune was growing offshore, a massive new leak shows. bit.ly/3mCKAlR - @ICIJorg

#PandoraPapers
#PandoraLeaks
Uhuru along with his mother, sisters and brother, have for decades shielded wealth from public scrutiny through foundations and companies in tax havens, including Panama, with assets worth $30M+, according to records obtained by @ICIJorg and shared with 600+ reporters, media orgs
The records – from the Panamanian law firm Aleman, Cordero, Galindo & Lee (Alcogal) – show that the family owned at least seven such entities, two registered anonymously in Panama and five in the British Virgin Islands. bit.ly/3mCKAlR - @ICIJorg
One BVI company owned a home in central London, according to the records, and two other companies held investment portfolios worth tens of millions of dollars. bit.ly/3mCKAlR - @ICIJorg

#PandoraPapers
#PandoraLeaks
The Kenyattas’ offshore wealth, revealed here for the first time, represents part of an estimated half-billion-dollar family fortune amassed in a country where the average annual salary is less than $8,000 a year. bit.ly/3mCKAlR - @ICIJorg

#PandoraLeaks
#PandoraPapers
The Kenyatta family has ruled one of Africa’s largest economies for decades. But to the Swiss advisers who helped them funnel wealth into tax havens, they were #Client13173. bit.ly/3mCKAlR by @ICIJorg

#PandoraLeaks
#PandoraPapers

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More from @mmnjug

mmnjug™ Profile picture
6 Oct
Kenyan politician Raphael Tuju recently filed an interesting case at the East African Court of Justice that will certainly test the concept of immunity from lawsuits by international organisations and their employees. - @johnKamau1 for @NationAfrica
The case — by Tuju’s Dari Limited — will certainly attract the attention of legal scholars worldwide who are interested in the emerging jurisprudence on what Niels Blokker, a Leiden University professor of International Institutional Law calls “the untouchables”....
....in reference to multilateral development banks that are accorded immunities and privileges as agents of their member states.
Read 40 tweets
mmnjug™ Profile picture
5 Oct
As @IEBCKenya begins a month-long mass voter registration today, an analysis of population data reveals 11 counties have the potential to list the highest number of new voters. - @NationAfrica
.@IEBCKenya targets 6M new voters, but an analysis of the number of eligible voters - those who are not registered and young people expected to attain voting age on time for next year’s elections - shows a figure of about 9M potential new voters.
Collectively, the 11 counties account for nearly half of the estimated total number of new voters by 2022 - 45% or 4.2M
Read 12 tweets
mmnjug™ Profile picture
5 Oct
Reduction by half of Value Added Tax (VAT) charged on petroleum products is among the recommendations by a parliamentary committee to reduce the price of fuel. - @NationAfrica
Also targeted for slashing is excise duty and Petroleum Development Levy as well as the scrapping off the 1.5% Railway Development Levy, the multiple taxes blamed for the spiralling price of fuel.
MPs also want to amend regulations to require @EPRA_Ke to seek parliamentary approval before announcing price reviews.
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mmnjug™ Profile picture
4 Oct
With so many digital loan apps including @SafaricomPLC @NCBABankKenya's MShwari... How do you manage loans available at the touch of your device 24/7?

Join @BLAZEKenya Space discussion on How to Manage Debt and Loans from 2000hrs hosted by @ItsKwambox

twitter.com/i/spaces/1zqKV…
#BLAZESpaces is now live with @ItsKwambox ft. @ShillingsSense @jnjugunamaina @lynmuss @wanjikumsusan Image
The only loan app @ShillingsSense has ever used is @SafaricomPLC @NCBABankKenya's MShwari.

#PamojaNaMShwari
#BLAZESpaces
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mmnjug™ Profile picture
4 Oct
If you buy somebody’s computer and recover deleted data, do you own that information, and can you use it to make a claim against the seller? - @BD_Africa
A bitter dispute between @GulfEnergyKE and @RUBiSKenya_ has broken out, and is expected to answer that question as well as offer a guide to future cases regarding data privacy.
The French multinational thought it had bagged a steep discount when it paid Kes16.4B for key assets owned by Gulf Energy, but an analysis of the goods it bought has left both companies pointing accusing fingers at one another while shouting fraud.
Read 16 tweets
mmnjug™ Profile picture
4 Oct
Offshore havens and hidden riches of world leaders and billionaires exposed in unprecedented leak The #PandoraPapers reveal the inner workings of a shadow economy that benefits the wealthy and well-connected at the expense of everyone else. bit.ly/3a4Fqcq by @ICIJorg
Millions of leaked documents and the biggest journalism partnership in history have uncovered financial secrets of 35 current and former world leaders, 330+ politicians and public officials in 91 countries and territories, and a global lineup of fugitives, con artists, murderers.
The secret documents expose offshore dealings of the King of Jordan, the presidents of Ukraine, Kenya and Ecuador, the prime minister of the Czech Republic and former British Prime Minister Tony Blair. bit.ly/3a4Fqcq by @ICIJorg
Read 6 tweets

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