If you’re a Kenyan living abroad, managing finances back home is often a priority. This includes supporting family, saving, or buying property.
Here is a step-by-step guide on how to set up and manage your financial activities from outside the country.
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The first step is having a bank account that you can operate from outside the country. One option is the Co-op Diaspora account, which supports both local and foreign currencies.
You can open this account online in Kenyan Shillings, USD, GBP, EUR, CAD or AUD. It helps you stay connected to your finances just like home.
Aug 6 • 16 tweets • 5 min read
Auditor General reveals massive irregularities in the latest audit on the eCitizen platform.
We’ve done a deep thread on the audit — here’s the summary.
Read and share widely:
Auditor General reveals that the government paid Sh492 million plus $414,000 for eCitizen services to Electronic Citizen Solutions Ltd, a company not in the contract.
Jul 27 • 14 tweets • 2 min read
Kenyan schools are facing a funding crisis.
Here’s a detailed thread on how it started and got worse.
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Kenya’s government gives capitation money to public schools every year to support free basic education.
But schools say they’re still broke.
Lets break it down;
Jul 22 • 11 tweets • 4 min read
Last week, we shared a brief guide on how to register your trading account.
Now, here’s a quick step-by-step guide on how to set up your trading account for use:
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For those who missed the last session on registration, you can check out the thread below.
Understanding Bank Loans in Kenya — A Simple Guide
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Loans are useful tools when you need to fund a business, handle emergencies, pay school fees, or make major purchases.
This is a simplified look at the different types of loans, how interest is charged, what banks consider before approval, and key tips for borrowing responsibly.
Jun 12 • 8 tweets • 2 min read
Here is a detailed analysis of Kenya’s Sh4.3 trillion budget for 2025/26 — who gained more, who lost funding, and what it means for key sectors.
Thread below:
Let’s start with the key allocations:
President William Ruto's government plans to spend a total of Sh147.5 billion of taxpayers’ money on 17 digital systems, including SHIF, Maisha Namba, and e-Citizen upgrades
Many were once dismissed as wasteful but are now back at nearly triple the previous cost
list below:
-SHIF — Sh104 billion
-Export & Import Certification System — Sh19.8 billion
-Maisha Namba (NEMIS to KEMIS transition) — Sh12 billion
-E-procurement — Sh5.1 billion
-Integrated County Revenue System — Sh3.8 billion
-Pension Management Upgrade — Sh1.9 billion
Jun 4 • 6 tweets • 1 min read
Auditor General reveals NSSF lost over Sh16 billion in the year ended June 2024.
The loss came from ghost taxes, bad investments, idle assets, costly travel, and pricey renovations
Sh904 million in taxes was wrongly paid to KRA. No refund, no interest earned
Read Thread below:
Sh115 million used to buy land in Upper Hill — title revoked as it was public land.
Sh27 million lost after two investment companies dropped 17.6% in value.
Sh38 million stuck in a loss-making bank’s shares.
May 19 • 10 tweets • 2 min read
President Ruto’s affordable housing has turned out to be many stalled projects, forced evictions, and has left many people struggling.
This thread covers the stalled projects in different counties.
In Nairobi and the North Rift, the Lang’ata 17-storey project was frozen by court over environmental concerns.
May 3 • 9 tweets • 2 min read
The price of consumer goods is set to rise by up to 16% after NEMA implements a new producer rule starting May 5, 2025.
The rule introduces a Sh150 levy per packaging item, affecting products such as diapers, sanitary pads, food wrappers, and medicine boxes
Thread below;
Now starting May 5th, 2025, NEMA will enforce new rules that will add a Sh150 fee on product packaging, causing prices of consumer goods to rise by up to 16%.
The new rule under the Sustainable Waste Management Act will impact a wide range of products.
May 2 • 10 tweets • 2 min read
Kenya’s Finance Bill 2025 Explained
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Kenya's Treasury has proposed a new law in the Finance Bill 2025 that would let KRA access private customer data like bank and M-Pesa details by removing current legal protections.
If passed, KRA won't need a court order to get this info from businesses.
Apr 29 • 4 tweets • 1 min read
Kenya’s Cabinet has approved the Finance Bill 2025 and confirmed that no new major taxes will be introduced.
Here are some of the key points the Finance Bill 2025 includes:
— Employers must apply PAYE tax reliefs automatically
— Closing tax loopholes to improve efficiency
— Retirees won’t pay tax on gratuity payments
— Small businesses can fully deduct the cost of tools and equipment in the same year
— Changes to tax laws to make refunds faster and reduce tax disputes
— The fiscal deficit will be reduced to 4.5% of GDP in FY2025/26
Apr 28 • 19 tweets • 3 min read
Here is a summary of the BBC documentary regarding the fatal shooting of anti-tax protesters in Kenya on June 25, 2024
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The BBC documentary delves into the tragic and violent events that unfolded on June 25, 2024, when anti-tax protesters gathered outside Kenya's Parliament to demand the scrapping of the controversial Finance Bill 2024
Apr 16 • 8 tweets • 1 min read
How CBEX Became the Biggest Scam of 2025
Thread below;
Now,CBEX presented itself as a futuristic crypto and forex trading platform, powered by AI and offering up to 30% returns in 30 days
It gained traction in Kenya, Nigeria, and Egypt, attracting thousands with promises of easy profits, smooth withdrawals, and referral bonuses
Apr 8 • 6 tweets • 1 min read
During his interview yesterday, DP Rigathi Gachagua Unveils Some of the Shocking Allegations Against President Ruto
Here is a Summarized Thread
He alleged that fertilizer donated by Russia was repackaged by Maisha Millers and Devki and sold back to the government at market prices
Apr 6 • 23 tweets • 3 min read
2024 Results for Asset Managers, Investment Banks, Stock Brokers & Microfinance Banks in Kenya
Since you are probably using one of these for your investing, you can check their performances.
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1.Standard investment Bank (Known for Mansa-X)
—Total Assets: 11.5% up to Sh1.3 billion
—Total income: 33% up to Sh680 million
—Total Profit after Tax: 27% up to Sh97.5 million
Mar 22 • 16 tweets • 3 min read
Why Maids Keep Dying in Saudi Arabia,
A Thread Worth Reading
In this thread, we will cover the experiences of Kenyan and Ugandan domestic workers, the causes of their suffering, and the systemic failures that put their lives at risk
Mar 20 • 5 tweets • 1 min read
President William Ruto has made changes to Principal Secretaries and foreign missions
Full list in the thread below:
list of principal secretaries
—Jane Kare Imbunya – PS for Public Service & Human Capital Development.
—Regina Akoth Ombam – PS for Trade
—Cyrell Wagunda Odede – PS for Public Investments & Assets Management
—Caroline Wanjiru Karugu – PS for EAC Affairs
—Oluga Fredrick Ouma – PS for Medical Services
—Ahmed Abdisalan Ibrahim – PS for National Government Co-ordination
—Judith Naiyai Pareno – PS for Justice, Human Rights & Constitutional Affairs
Mar 8 • 10 tweets • 4 min read
Investing in Money Market Funds (MMFs)
A step-by-step guide
Kenyan money market funds (MMFs) generally invest your money in relatively long-term bonds or T-bills and pay you 13-16% per annum.
As a benefit, you can deposit and withdraw at any time, unlike bonds and T-bills.
In this thread, we will use the Britam app, which allows you to invest in its MMF.
Mar 5 • 12 tweets • 3 min read
We've done a deeper analysis on NSSF contributions and beyond for those who haven't fully understood the changes that took effect on Feb 1, 2025, and continuing into 2026.
This includes how payslips will look after deductions
Read & Save the thread below;
lets start with 2023 NSSF Contributions
Tier 1: This applied to salaries up to Sh6,000. Employees contributed 6% of Sh6,000 = Sh360.
Tier 2: Applied to earnings between Sh6,000 and Sh18,000. Employees contributed 6% of (Sh18,000 - Sh6,000) = Sh720.
Total NSSF Contribution: Sh1,080
Mar 3 • 13 tweets • 2 min read
Understanding how bank loans work in Kenya.
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Loans can be a powerful financial tool—whether for business expansion, education, emergencies, or asset purchases.
But how do they work? Let’s break down loan types, interest rates, approval factors, and how to apply them.
