SASRA has released the list of all licensed Saccos in Kenya for the financial year ending 31st December 2025, which are authorized to operate in Kenya
Thread below:
Jan 28 • 8 tweets • 2 min read
We've done a deeper analysis on NSSF contributions and beyond for those who haven't fully understood the upcoming changes starting Feb 1, 2025, and continuing into 2026.
This includes how payslips will look after deductions.
Save the thread below:
Let’s start with 2023. The NSSF contribution had two parts: Tier 1 and Tier 2.
For Tier 1, the contribution was 6% of Sh6,000(lower limit) ,which is Sh360.
For Tier 2 it was 6% of Sh12,000 (the difference between Sh18,000(Upper limit) and Sh6,000), which is Sh720.
Total NSSF contribution: Sh1,080
Jan 25 • 12 tweets • 2 min read
Many people are struggling to finance a project or purchase like land, a house, or even starting a business.
Now, here’s a thread on how you can access a loan with just your pay slip.
Save it later.
Now, Coop Bank has launched the “Kaslip loan,” an easy way to borrow money using just your pay slip.
No high salary or complex paperwork needed—ideal for projects like buying land, building a house, or starting a business
Here’s how it works, requirements, and accessibility
Jan 21 • 5 tweets • 1 min read
Here is the list of President Donald Trump's announcements:
—He announced that US policy recognizes only two genders: male and female
—He announced that US astronauts would plant an American flag on Mars.
Thread below:
—He announced that foreign countries should be taxed to provide more benefits to US citizens and create an external revenue service.
—He announced a national emergency at the southern border to stop illegal entries and begin returning people.
Dec 23, 2024 • 7 tweets • 1 min read
KRA has introduced a pre-populated VAT return system.
VAT data will now be auto-filled using eTIMS/TIMS, with mandatory e-invoicing for all registered taxpayers.
Here is how it works in thread below
VAT returns are automatically populated using data from iTax, eTIMS/TIMS, and custom business systems.
Dec 23, 2024 • 10 tweets • 2 min read
Instead of the government replacing NHIF with SHIF/SHA, it should focus on strengthening and improving it.
Efforts should focus on reforming it, addressing corruption, and ensuring equitable healthcare access for all.
Here is the detailed thread below
NHIF plays a key role in providing healthcare to many Kenyans, especially those relying on public healthcare facilities.
While it has flaws, it offers a safety net for vulnerable groups, ensuring access to medical services
Dec 9, 2024 • 9 tweets • 2 min read
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:
Scammers steal registration details from victims to access mobile wallets like M-Pesa.
Victims only realize they’ve been defrauded when their lines go off air.
By the time they’re reconnected, their accounts are empty, and loans have been taken in their name.
Dec 3, 2024 • 6 tweets • 1 min read
Kenya has announced the sale of 4,888 housing units under the affordable housing program.
These include studios, one-bedroom, two-bedroom, and three-bedroom apartments across various counties
Thread below:
Social Housing Units (for those earning below Sh20,000/month):
Below are some shocking numbers from Uber Kenya's economic report released today.
Uber's first Kenya Economic Impact Report shows an impressive Sh14.1 billion contribution to the economy.
This includes support for local businesses, drivers, and consumers through mobility and delivery services.
Nov 20, 2024 • 6 tweets • 2 min read
If you are young and looking for a good savings app check out YEA app from Co-op bank.
Let's dive in.
The key problem with savings apps is that they are not attached to banks thus you don't get higher limits on loans from using them.
The key problem of banking apps is that they are clunky and built for older generations.
There's now a solution that addresses both problems.
Nov 13, 2024 • 6 tweets • 2 min read
Below are some of the amazing threads we've made about crypto.
Bolt has announced a Sh14 billion commitment over the next three years to improve safety for users in Kenya.
The initiative is part of the company’s wider global effort to raise safety standards in ride-hailing.
More details below:
The funds will be used to raise awareness of Bolt’s safety features and scale up preventative measures to help reduce incidents before they happen.
Nov 2, 2024 • 11 tweets • 2 min read
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:
The government plans to restore some tax measures from the Finance Bill 2024, aiming to address the fiscal deficit.
The proposals are classified into 3 bills:
—Tax Laws (Amendment) Bill
—Tax Procedures (Amendment) Bill
—Public Finance Management (Amendment) Bill.
Now lets dive into each;
Oct 30, 2024 • 8 tweets • 1 min read
Workers are in painful circumstances as their pay slips continues to decrease due to increased contributions i.e new levies such as SHIF,Housing Levy etc
Here’s a thread comparing payslips between 2022 and 2024.
Let's start with SHIF deductions for salary payslips between October 2022 and October 2024.
The SHIF is set to deduct at 2.75% of gross salary
If you had invested Sh100,000 at the start of January 2024, here’s how your potential earnings would stack up across different assets, such as Bitcoin, saccos, and MMFs, up to now.
Thread below:
Let's start now with Bitcoin.
As it stands, Bitcoin is up 58% against the USD and 29.5% against the Kenyan Shilling so far this year.
If you had invested Sh100,000 in Bitcoin at the start of January, you will be worth approximately Sh129,500
Oct 28, 2024 • 8 tweets • 2 min read
At least 8 Kenya Kwanza projects are under scrutiny for conflicts of interest, with some directly benefiting President Ruto’s family, according to Daily nation.
Here’s a breakdown of the projects and figures involved:
President Ruto's Weston Hotel secured 37 tenders worth Sh57.9 million—the highest number awarded to a single entity published on the public procurement portal
Oct 22, 2024 • 10 tweets • 2 min read
The Treasury is under fire for awarding contracts worth Sh437 billion to companies tied to Adani Group without public oversight.
The deals were made using a rarely invoked law, raising concerns about transparency.
Thread below:
The Public Procurement and Disposal Act (2007) was supposed to stop corruption in Kenya's tender processes.
Yet a loophole in the law is now being exploited to hand out billions in contracts without transparency.
Oct 13, 2024 • 11 tweets • 2 min read
Kenya's Sh96 billion energy deal with Adani raises concerns over costs.
Ketraco estimated the projects at Sh61.2 billion, but Adani’s proposal is Sh33.5 billion higher.
Why the big difference?
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Kenya's Sh96 billion energy deal with Adani is raising significant concerns over costs and transparency.
The project aims to build 3 transmission lines and 2 substations, but the cost estimates have raised eyebrows.
Oct 8, 2024 • 22 tweets • 3 min read
Here are the detailed responses from DP Rigathi Gachagua regarding the 22 companies alleged to be involved in money laundering, corruption, and influence peddling.
Thread below:
Rigathi Gachagua Foundation:
He said that the company was incorporated in 2022 as a non-profit to uplift the less privileged.
He said it has not traded and has received Sh12 million for public service.
Oct 2, 2024 • 10 tweets • 4 min read
Adventures in crypto.
How to make money with Binance's copy trading.
Thread below.
Copy Trading enables you to make money without needing to learn all the ins and outs of trading yourself.
Binance Copy Trading feature lets users replicate the trades of experienced traders, making it easier for beginners to enter the crypto market.
Sep 23, 2024 • 7 tweets • 2 min read
Another one for the crypto enthusiasts.
Binance has a new launchpool for and here's how to make some money with it.
Details below for the HMSTR launch:
The opportunity is simple.
Keep $BNB in Binance Launchpool for about 2 days and get some $HMSTR as a free reward.
Its the native coin of Hamster Kombat,a crypto exchange CEO simulator P2E game built on Telegram mini-app platform
