Moe
RT @moneyacademyKE: Here’s a brief explainer on how people are now investing in digital infrastructure like compute nodes, GPU clusters, and modular data centres.

Save this thread below.
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Moe
The Nairobi Hospital has paused its recent service price hike after 12 insurers dropped it from their provider panels.
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Moe
President Ruto has increased rewards for Harambee Stars:

— Sh2.5 million each if they beat Zambia.

He has also pledged Sh1 million and a two-bedroom affordable housing unit if they win the quarterfinals.
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Moe
Kenya plans to build a new airport to replace JKIA after the Adani deal collapsed, using public-private partnerships to drive the project.
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Moe
Kenya targets Sh294 billion from Public-Private Partnership deals in FY 2025/26 to cut domestic borrowing and fund major projects in energy, transport, irrigation, and housing.
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Moe
Bitcoin is up today by 3.3% to $122,000
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Moe
Equity Bank half-year profit jumps 17% to Sh34.6 billion in 2025 on higher income
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Moe
The Kenyan shilling starts the week off trading at Sh128.5 buying and selling at Sh129.5 against the US dollar.

Rate by @pacific_forex
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Moe
RT @moneyacademyKE: We’re not here to make you angry — it’s because of the current state of the economy.

Whether it improves or worsens, we’ll keep you informed, educated, updated, factual, and unbiased.

N/B Always keep it here for more updates.

This account never fails to "Amka unikasirishe Asubui juu hivo ndio unapenda" - Paddy
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Moe
County governments will start getting their share of Sh415 billion in national revenue from Monday, after Parliament approved the County Allocation of Revenue Bill, 2025.
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Moe
Kenya closed 12 business deals worth Sh3.4 billion in the first three months of 2025, down from Sh5.7 billion last year.

The drop was due to uncertainty in US-Africa investment after Donald Trump returned to the White House
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Moe
CBK fined 11 banks in 2024 for breaking rules on lending, governance, capital, and investments, collecting Sh191 million in penalties.

The move signals stricter enforcement to ensure compliance in the banking sector.
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Moe
Kenya will get part of Sh12 billion from the US to fight child malnutrition.

The money will give ready-to-eat food to nearly 1M children in drought-hit areas like Turkana, Marsabit, Wajir and Garissa.
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Moe
The cost of healthy food in Kenya has risen by 66% in the past year, a UN-backed survey shows.

Prices of fruits, vegetables, and other nutritious foods have jumped sharply, making it harder for low-income households to afford balanced diets
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Moe
Kenya's Government spent Sh1.2 trillion to service debt in the nine months between July 2024 and March 2025.
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Moe
Nairobi Hospital faces a crisis as 8 insurers suspend services over high treatment costs:

They include:
— Madison
— First Assurance
— Minet
— Old Mutual
— Britam
— AAR
— CIC
— Pacis
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Moe
MPs have rejected a motion to implement Universal Health Coverage and a policy requiring public servants to use only public health care facilities.
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Moe
Governors have rejected the Treasury’s proposal to centralize county own-source revenue collection through the e-Citizen platform.

They argue this would undermine county autonomy and risk transparent fund management.
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Moe
NSE has officially announced that starting today, you can buy or sell even just one share.
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Moe
President William Ruto has appointed Makau Mutua to coordinate compensation for victims of demonstrations and public protests held since 2017.
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Moe
Kenyan banks are tightening rules for third-party tech providers after cyber threats surged 146% to 8.6 billion in the year to June 2025.

CBK says lenders now face higher risks from outsourced partners, with 70% citing cybersecurity as the top concern
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Moe
Isuzu is planning to build a Sh3.1 billion parts centre in Lukenya, expanding space from 2,300 to 10,544 sqm.

The new facility is set to open in Nov 2026, create 80 jobs, and target 99% parts delivery within 48hrs.
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Moe
Kenya's government may let businesses use VAT refunds to clear tax arrears if a proposal to President Ruto is approved.

Under the new plan, refunds would be processed faster, and the monthly payout cap would rise to Sh5 billion
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Moe
Kenya's government is set to lease Rivatex East Africa to a strategic investor for 21 years to boost capacity and reduce reliance on State support
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Moe
President William Ruto signed the Gambling Control Bill into law, setting the minimum online bet at Sh20.

Under the new bill, operators allowing lower bets risk a Sh5 million fine or 5 years in jail, and it also bans underage gambling and creates a new regulator.
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Moe
MPs have brought back the Privatisation Bill, 2025 after a court threw out the 2023 proposal.

The new Bill aims to change how Kenya sells state-owned companies, with more oversight from Parliament
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Moe
Kenya's government has barred Saccos from investing in non-core businesses, citing risks to member funds.

Saccos can now only invest in core activities like lending to members.
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Moe
MPs have accused Education CS Julius Ogamba of failing students after delays in funds forced schools to fundraise for the Kenya Music Festival.

Public primary schools get just Sh76 per learner for co-curricular activities, while secondary schools get Sh1,500.
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Moe
ADvTECH Group has acquired Regis Runda Academy in Nairobi for Sh1.2 billion.

The school will be rebranded Makini School Runda from August 20, with plans for AI learning tools & sports upgrades as part of its East Africa growth
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Moe
The UN will spend Sh44 billion expanding its Nairobi, Kenya base.

The proposal will include new offices, bigger conference halls & green upgrades, with UNICEF, UNFPA & UN Women moving more operations to Kenya

However, the headquarters of these agencies will remain in New York.
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Moe
The US has destroyed contraceptives worth Sh1.2 billion meant for Kenya and other African countries due to laws restricting aid to organisations linked to abortion services.
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https://www.instagram.com/moneyacademyke/

Moe
KRA officially announces it will open a new office in Eastleigh this September to bring tax services closer to the business community.
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Moe
President William Ruto says three new hotels are being built at the Bomas of Kenya by the private sector to expand Nairobi’s hospitality capacity.
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Moe
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.

Save the thread below:
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Moe
Starlink lost over 10% of its Kenyan subscribers in the first four months of 2025 as many switched back to cheaper local providers.
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Moe
Stanbic Bank Kenya half-year profit drops 9.3% to Sh6.5 billion in 2025 on higher costs and a shrinking loan book
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Moe
The Kenyan Shilling has been unbelievably steady — stuck at around Sh129 to the US dollar for 12 straight months. Even after a year, it hasn’t moved.

Rate via @pacific_forex
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Moe
Kenya plans to sell a 65% stake in Kenya Pipeline Company through an IPO by end of 2025, targeting to raise Sh100 billion.

If successful, it would be the biggest IPO since Safaricom’s in 2008
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Moe
Kenya’s local sugar production declined by 8% to 285,000 tonnes in the first five months of 2025 due to a shortage of mature sugarcane.
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Moe
Concerns persist over delays in using funds for affordable housing projects.

Despite earning Sh4.2 billion in interest from Treasury bills, over Sh30 billion from the affordable housing levy remains unspent."
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Moe
SGR passenger numbers dropped by over 2,000 in the first 3 months of 2025, likely due to higher fares and declining service quality.

Revenue, on the other hand, was up by 6.3% to Sh936 million.
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Moe
Marula Mining, a UK-listed company that deals with battery minerals, is partnering with Kenya’s WEEE Centre to build a Sh75 million plant to recycle old lithium batteries and recover metals like lithium, cobalt, and nickel
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Moe
Kidney disease continues to rise, especially among young people in Kenya.

This comes after a new report revealed that 4 to 5 million Kenyans may be living with the condition—many without knowing.
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Moe
About 40% of Kenya’s counties still lack proper labs to detect and report diseases fast—slowing down emergency response and risking wider outbreaks, a new report shows.
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Moe
Unga prices are rapidly increasing.

A 2kg packet of maize flour is now selling for over Sh160, while a 90kg bag of maize is going for up to Sh6,400.

The rise was caused by low supply after floods, delays in harvest, and rising demand from both millers and animal feed makers.
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Moe
A Nairobi Expressway contractor has lost a tax dispute over Sh7 billion.

The court ruled that despite Treasury's pledge to cover the taxes, the legal duty to pay remains with the contractor—not KRA or Treasury.
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Moe
SHIF has dropped the OTP system and is bringing back biometric verification in hospitals to fight fraud and speed up services.

This comes after patients complained of delays and failed OTPs, especially in emergencies.
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Moe
Forex Basic Concepts

This thread covers the key terms and ideas every beginner needs to understand before starting forex trading.

Save it:
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Moe
Global oil prices are expected to drop.

This follows OPEC+’s decision to increase production by 547,000 barrels per day in September to gain more market share.
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Moe
Kenyan shilling projected to weaken to Sh132 against the US dollar by December as interest rate gap with US narrows and budget deficit grows.

So far, the shilling trades at Sh129.5 against the dollar — rate via @pacific_forex
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Moe
Jubilee and Portland Cement shares jumped last week at the NSE after key merger and acquisition news.

Jubilee gained 9.4% after strong dividends and a merger with Sanlam, while Portland rose 6.8% after Kalahari Cement announced a Sh718 million stake buy.
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Moe
The interest on bank loans continues to drop, hitting 15% as of June, down from a peak of 17% in November last year.

The drop is due to CBK rate cuts, with the current rate now at 9.75%.
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Moe
The Water Resources Authority has defaulted on a Sh438 million World Bank loan taken in 2007, according to the Auditor-General.

The audit reveals that no repayments have been made since 2017, with interest and penalties now rising.
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Moe
KEBS has now cleared over 11,000 tonnes of cooking gas imported by Tanzania’s Lake Gas after it fixed low odorant level.

This will now be the firm's first consignment from its Kilifi terminal, built to enter Kenya’s LPG market.
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