Simon
6.3K posts
@phabiance
/A.I / | FINANCIAL MARKETS | Statistics | Math | PHYSICS| | REAL ESTATE | .............Financial Market insight's 👇
How do you produce 10,000 kamikaze drones a day? Easy: automation.
WHY DCI ARRESTED RUTO’S TOP FUEL MEN AS THEY INTERFERED WITH SUPPLY, QUALITY Four officials arrested: Energy PS Mohammed Liban, EPRA DG Daniel Kiptoo, KPC MD Joe Sang, and Energy Chief Economist Joseph Wafula were picked up by DCI officers from their homes ⭕️ Charges: Suspected interference in the petroleum supply chain under the Economic Crimes Act — specifically failing to keep records, stocks and reserves of petroleum products ⭕️ The trigger: A fuel consignment under a Government-to-Government (G2G) arrangement was flagged for elevated sulphur levels non-compliant with Kenya’s standards — a @kenyapipeline quality assurance manager stopped its distribution and escalated the matter ⭕️ Market impact: Holding back the consignment disrupted fuel supplies and triggered an artificial shortage, wrongly blamed on the Iran crisis ⭕️ Hoarding: CS Wandayi had earlier ordered oil marketers to release hoarded fuel, warning that withholding stocks is illegal and a breach of licensing obligations ⭕️ Current stock levels: 16 days for petrol, 19 days for diesel, 49 days for jet fuel and kerosene ⭕️ Price cushion: Govt to deploy Sh17B from the petroleum stabilisation fund to moderate pump prices over the next three months ⭕️ Global pressure: Rising Middle East tensions flagged as a potential future risk to fuel prices, though current shipments remain insulated
4. Acorn’s REITs posted a KES 1.4B net profit in 2024, nearly triple the previous year. Assets under management hit KES 26.4B, with 21,000 student beds. The income REIT earned over KES 1B in rental revenue and declared a KES 224M payout.
Masaa ni ya places poa poa .
