Dominic The Austrian

@K2grind Due to geopolitics, that's back in 2023. Would like to see if they are offering the same package.Rosatom was offering desalination plant plus connecting the nuclear reactor to the cost. We don't own the ship, only getting the power.

@DominicAustrian They refused the Rosatom deal

祖国人粉丝花重金重制的黑袍大结局，且不论哪一方笑到最后，这才是应该有的大场面。

Good question. Companies use retained earnings to reinvest and expand because it is often their cheapest source of capital. If retained earnings are also being taxed, how exactly are businesses expected to grow, create jobs and build long-term capacity.

@RufasKe @OgolaJ4 😂😂😂😂

😅😂😂😂Acha tu

Increasing Fuliza limits is monetary policy transmission. All of a sudden, the whole country had a credit line that expands purchasing power. What's baffling is that a private company is the one doing this, at its own volition.. as a commercial product.. Changes in Fuliza limits directly impact purchasing power, aggregate demand, retail sales, and inflation. That my friends, is how corporations will end up running countries!

@MwangoCapital @Ramah_Nyang @ipf_global @martin @pnguhiu @martinkabaya1 @KimaniStephanie It's not really hard to have the wealthy restructure their investments like the Swiss. Our intellectuals play around too much .

@MwangoCapital @Ramah_Nyang @ipf_global @martin @pnguhiu @martinkabaya1 @KimaniStephanie @Ramah_Nyang we are toying too much with the idea of a wealth tax , if capital only circulates within the non- GDP financing sphere that means little goes to productive activities.What will you tax if they only participate into bond market - IFBs and the likes.

Tonight on #MwangoSpaces @Ramah_Nyang @ipf_global @martin @pnguhiu @martinkabaya1 @KimaniStephanie x.com/i/spaces/1MKgN…

Social Health Insurance Fund had a loss ratio of 158.6% in FY 24/25, meaning that for every KES 1 collected, KES 1.59 is paid out in claims. On #MwangoSpaces, we are asking if SHA/SHIF is sustainable at this rate? @Ramah_Nyang @ipf_global @pnguhiu @martinkabaya1 @KimaniStephanie

@kinjeketile @K2grind @mucheke @SeweS_ Not really...Rosatom was here with a floating power plant proposal powering the coast and a desalination plant. The proposal was sent to west Africa and north Africa instead.

@K2grind @mucheke @SeweS_ @DominicAustrian Not really. Mzansi fucked themselves up but the drunkard was sober in that regard but post the 2014 invasion, it has become hard for any country without means to do business with Moscow.

Well! @mucheke @SeweS_ @DominicAustrian see greatness

@DavidNdii businessdailyafrica.com/bd/markets/far… Cool story bro. On SHA , citibank and stanchart had already warned the state on the unfunded liabilities, you wont be there when it implodes and that's all that matters for you. Cant hate the player.

Hustler Fund is working (26m customers, 8m active borrowers, Sh85b+ loans disbursed) hustlerfund.go.ke SHA is working (30m Kenyans registered) sha.go.ke

@RufasKe @DavidNdii @nderi_j This too shall pass. Time isnt this guy's ally.

@RufasKe @DavidNdii @nderi_j I am exhausted, this guy will claim every project as his brainchild and shut up when it implodes- you never hear him talk about hustler fund like he used to, SHA too even though he claimed he had been thinking about it for 4 years.

The East African refinery is our brainchild, but it’s not our project. Africa has lamented exporting raw materials and importing the finished products forever. We have decided to stop lamenting. This project is not about Kenya. It is about Africa rising—Pan Africanism in action.

Government letting you enjoy your salary:

What happened to the industry? It was the perfect storm: an unsustainable fiscal policy colliding with a collapsing business climate. Let me explain with one product as an example. When we opened Tribeka in August 2011, we sourced beer from distributors at KES 82–89 per bottle. We retailed it at KES 200 Monday to Wednesday, then KES 250 from Reggae Thursday all the way through Sunday. That delivered a 200% gross margin. It was incredibly lucrative. We paid down debt fast, took on new debt for expansion, and opened Natives in November 2012. Then everything started unravelling. The new administration chose to fuel growth with massive debt-financed infrastructure. They pointed to the low tax-to-GDP ratio (distorted by counting these non-cash-generating assets toward GDP) and declared taxation too low. The lowest-hanging fruit? Sin taxes on alcohol. Annual hikes followed, and by 2018 wholesale prices had climbed to KES 180. To protect our old margin we would have needed to sell at KES 540 — but the street price stayed stuck at KES 250. Our gross margin collapsed to just 38% before salaries, rent, taxes or anything else. The tax burden had by then spread across the entire economy. Real incomes stagnated, so people cut household spending to the bone. The era of dropping KES 100k on a table was over. By 2015 we had scaled to 8 venues, 380 permanent staff (550 on weekends counting temps), and $11 million in annual revenue. The cracks were already visible. I hoped the crazy 8%+ deficits were just a pre-election anomaly and that we’d see budget discipline after the vote. Instead, they doubled down. They even indexed alcohol tax hikes to CPI — which was madness, because the inflation was being caused by the very taxes and money printing they were doing. By 2018 we were injecting fresh millions just to cover salaries and rent in some outlets. We were actually relieved when leases expired, even as some landlords tried to muscle us for “goodwill” payments. Minimum wage had jumped from KES 8k to 14k, Tribeka rent had soared from KES 500k to 1.2 million, and we faced an endless parade of extortionate “bureaucracy taxes” and compliance costs. Today purchasing power hasn’t recovered much. The liquor business is nothing like it was. I walked away with heavy losses, but the lessons I learned are worth their weight in gold. No regrets. If I were starting again today, I’d open a Michelin-starred restaurant serving a cozy 50 pax and cater strictly to the 1% — the ones who’ve used the Cantillon effect to suck the country dry through rent-seeking, plus the rich foreigners riding the same wave.

Kevin Kiarie trained in the rain, fundraised his money, went to Benin and won. Being a man ain’t easy. Truphena who was a lady was approached by many brands for just hugging a tree.

The Kenyan skating community flood the streets of Nairobi to celebrate Kelvin Kiarie after he won gold and silver medals for Kenya at the International Skating Championship in Benin.