Njeri

Many are called but few are chosen;Many are cold but few are frozen.

KRA is not playing with Naivas. You know Naivas. Hii tu moja. It was a fully family owned supermarket giant. When the time came to cash out, the owners weighed their options. If they sold the supermarket from Kenya, they would pay insane taxes. So they went shopping for low tax countries. And Mauritius presented itself. It was irresistible. - 0% tax on sale of the company. In 2015, the family registered a shell company in Mauritius. Called it NIL. Then transferred all their shares to this company. So Naivas was now 100% owned by a Mauritian company. To make it even tighter, they added another layer. They set up a second shell company. Called it GFI. And transferred all NIL shares to GFI. So now: • GFI owns NIL • NIL owns Naivas Kenya Proper entanglement. Achana na hiyo yako. As all this is happening, they are unaware of one dangerous sentence sitting quietly in Kenyan tax law. It reads: • Any company managed and controlled from Kenya is a Kenyan resident company. Then the family went looking for a buyer. In 2020: • They sold 30% of the supermarket for 5.2B • By selling 30% of NIL shares So: - Naivas is still owned by NIL - But NIL now has a new shareholder And everything happened in Mauritius quietly. Nothing has changed hands in Kenya trigger anything. • Deal is closed. 0 tax. Bahati mbaya, KRA caught wind that Naivas is gone. Immediately, KRA embarked on a fault finding mission. In 2022, KRA discovered that: - The family has always lived in Kenya. Not Mauritius. - They managed and controlled every single operation of the shell companies from Kenya They invoked the one dangerous sentence. You remember it? • Any company managed and controlled from Kenya, is a Kenyan resident company. KRA said: • These Mauritius shell companies are Kenyan • They must pay tax in Kenya Tax demanded: 30% of 5.2B. Plus penalties • Total Bill: 1.8B Naivas ran to court. The court looked at it, and sided with KRA. Family wakaabiwa walipe tax. Case closed! Lesson. • Structure your offshore company properly. • Or KRA will structure it for you.

Our priority should be making politics unprofitable

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What is happening with KRA? KRA audited Katahira & Engineers International Limited and raised a tax demand of 140M. Katahira went to court and won. The tax demand was killed. You would think that is the end KRA returned to Times Towers empty handed. Extremely angry. Swearing. Hiyo 140M haiwezi enda hivo. Aje? They hatched a plan. Ikaingiana perfectly. They deployed agency notices to NCBA and Stanbic banks. With stern instructions: - Freeze all Katahira accounts - Sweep the money and forward to KRA - Up to 140M Katahira directors woke up the next morning. As usual, chai ya kazini ndio hua inabamba. So they didn't take tea at home. At work, they tried to send money for tea. Accounts are frozen. They thought, KRA made an error to freeze our accounts. They served KRA and the banks with the court order that had already killed the tax. And asked them to unfreeze the accounts. KRA said they don’t want to see it. Wao wanataka tu 140M. Angry and with caffeine induced headache, Katahira ran to court again. The court could not believe it. It bashed KRA for disobedience of it's orders. And ordered the accounts to be unfrozen. They were unfrozen. Unfortunately, the court did not award legal costs to Katahira. What is happening at KRA? And who is accountable?

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🚨The Kenyan parliament has quietly ratified 5 defence agreements last week, with China, Ethiopia, Zimbabwe, Czechia (& France but everybody knew). These agreements can't be found online yet. Another scoop from @SamuelKisika in @Africa_In_EN africaintelligence.com/eastern-africa…

They're so hellbent on making Africans babies unhealthy

Global shipping efficiency could be drastically improved if Africa didn't exist:

A new report reveals that substandard fuel meant to be returned was instead pumped into Kenya’s main pipeline and sold to dealers. The 60,000-tonne consignment had sulphur levels four times above permitted limits.

Kenya now ranks 8th among African countries with the highest petrol prices. Initially, we ranked 21st. 1 Malawi KES 496.65 2 Reunion 300.4 3 Zimbabwe 288.34 4 Central African Republic 242.26 5 Sierra Leone 229.97 6 Morocco 214.96 7 Senegal 212.42 8 Kenya 206.97 9 Rwanda 203.89 10 Mali 202.03 11 Burkina Faso 196.26 12 Cameroon 193.81 13 Cabo Verde 192.99 14 Seychelles 191.57 15 Tanzania 189.81 16 Ivory Coast 189.35 17 Zambia 184.7 18 Ghana 184.53 19 Lesotho 184.49 20 Uganda 183.32 21 South Africa 180.57 22 Guinea 176.72 23 Liberia 176.14 24 Burundi 174.44 25 Botswana 174.41 26 Namibia 174.19 27 Mozambique 168.99 28 Mauritius 162.29 29 Benin 160.47 30 Togo 157.01 31 Swaziland 153.44 32 Madagascar 153.22 33 Gabon 137.28 34 DRC 136.58 35 Ethiopia 117.21 36 Nigeria 116.78 37 Niger 115.22 38 Tunisia 113.2 39 Sudan 90.51 40 Egypt 59.2 41 Algeria 45.99 42 Angola 42.3 43 Libya 3.05 *All values are in Kenya Shillings (KES).

Areas Where Africa Excels on the Global Stage 1. Manufacturing & Production 🇿🇦 South Africa 🇲🇦 Morocco 🇪🇬 Egypt 🇪🇹 Ethiopia 🇳🇬 Nigeria 🇰🇪 Kenya 2. Technology & Innovation 🇰🇪 Kenya 🇿🇦 South Africa 🇳🇬 Nigeria 🇷🇼 Rwanda 🇲🇦 Morocco 🇪🇬 Egypt 3. Public Transport Systems 🇿🇦 South Africa 🇲🇦 Morocco 🇪🇬 Egypt 🇹🇳 Tunisia 🇷🇼 Rwanda 4. Food & Culinary Diversity 🇪🇹 Ethiopia 🇳🇬 Nigeria 🇲🇦 Morocco 🇬🇭 Ghana 🇰🇪 Kenya 🇿🇦 South Africa 🇸🇳 Senegal 5. Rich Spice-Based & Traditional Cuisines: 🇲🇦 Morocco 🇪🇹 Ethiopia 🇳🇬 Nigeria 🇬🇭 Ghana 🇹🇿 Tanzania/Zanzibar 6. Wellness & Traditional Healing 🇰🇪 Kenya 🇿🇦 South Africa 🇲🇦 Morocco 🇪🇹 Ethiopia 🇷🇼 Rwanda 7. E-Commerce & Mobile Payments 🇰🇪 Kenya 🇬🇭 Ghana 🇹🇿 Tanzania 🇺🇬 Uganda 🇳🇬 Nigeria 🇨🇮 Côte d’Ivoire 8. Tourism & Hospitality 🇲🇦 Morocco 🇪🇬 Egypt 🇿🇦 South Africa 🇰🇪 Kenya 🇹🇿 Tanzania 🇷🇼 Rwanda 🇲🇺 Mauritius 🇸🇨 Seychelles 9. Sustainability & Eco-Living 🇧🇼 Botswana 🇳🇦 Namibia 🇰🇪 Kenya 🇹🇿 Tanzania 🇷🇼 Rwanda 10. Education & Discipline 🇿🇦 South Africa 🇷🇼 Rwanda 🇲🇦 Morocco 🇰🇪 Kenya 🇳🇬 Nigeria 11. Cultural Heritage & Traditions 🇪🇬 Egypt 🇪🇹 Ethiopia 🇲🇦 Morocco 🇳🇬 Nigeria 🇰🇪 Kenya 🇲🇱 Mali 🇿🇦 South Africa 12. Airport Efficiency & Connectivity 🇿🇦 Johannesburg 🇲🇦 Casablanca 🇪🇬 Cairo 🇰🇪 Nairobi 🇪🇹 Addis Ababa 13. 24/7 Convenience & Vibrant Markets/Street Economy 🇳🇬 Nigeria 🇰🇪 Kenya 🇬🇭 Ghana 🇲🇦 Morocco 🇿🇦 South Africa 14. Affordable Healthcare & Medical Tourism 🇿🇦 South Africa 🇲🇦 Morocco 🇹🇳 Tunisia 🇰🇪 Kenya 🇪🇬 Egypt 15. Night Markets, Shopping & Vibrant Street Life 🇲🇦 Morocco 🇳🇬 Nigeria 🇰🇪 Kenya 🇹🇿 Tanzania 🇬🇭 Ghana 16. Beauty & Skincare Trends 🇬🇭 Ghana 🇳🇬 Nigeria 🇲🇦 Morocco 🇰🇪 Kenya 17. Community-Centered Lifestyle 🇿🇦 South Africa 🇰🇪 Kenya 🇬🇭 Ghana 🇳🇬 Nigeria 🇹🇿 Tanzania 18. Textile & Handicrafts 🇬🇭 Ghana (kente) 🇳🇬 Nigeria (ankara) 🇲🇱 Mali 🇲🇦 Morocco 🇪🇹 Ethiopia 🇨🇮 Côte d’Ivoire #IsmaeelData #Numb3rs Notes: Compiled based on global rankings/trends from UN Tourism, World Bank, GSMA mobile money reports, Global Innovation Index, and economic analyses (e.g., manufacturing in North/East/South Africa, tourism arrivals, fintech leadership).

🚨 WhatsApp’s “end-to-end encrypted” privacy is a total lie. New class-action lawsuit just dropped: Meta secretly let employees, contractors like Accenture, and third parties read, intercept, and store your private messages WITHOUT consent. All while marketing it as “only you and the recipient can read it.” Zuck lied to billions. Your chats were never safe.

Kenya to the world! 7 out 10 most profitable banks in East Africa are from Kenya. Equity and KCB simply play in their own league.