Francis

A Nairobi lady has sued Safaricom PLC after her KSh 2,700, mistakenly sent via M-Pesa, was used to offset the recipient’s Fuliza debt. Her reversal request was declined. She has now moved to the High Court challenging that policy as unconstitutional. When I send money to someone, my intention is clear that I am transferring funds to THAT person. I am not entering into a contract with Safaricom to help them recover loans. I am not agreeing to become a guarantor. I am not volunteering to settle another adult’s overdraft. How then does my money automatically clear someone else’s debt without my consent? We must be very careful as a country not to normalise silent policies that shift financial burdens to third parties. Digital convenience should not override basic principles of fairness and property rights. Yes, the recipient may have agreed to Fuliza terms. But I did not.And this is the core issue. If money is mistakenly sent and reversal is denied because it has already been swallowed by a debt recovery system, then we are creating a dangerous precedent one where corporations quietly prioritise loan recovery over consumer protection. At the very least, there should be a clear warning before completing a transaction:“The recipient has an outstanding Fuliza balance. Funds may be used to offset debt. Proceed?” This case is bigger than 2,700 shillings. It is about how far automated financial systems can go without violating basic rights.

@WashiraX Unasema Mall iliweka KRA bahali yake😂

Eastleigh is not laughing with KRA. Over the weekend, I visited my woria friend in Eastleigh. He owed me camel meat. He told me: Okuyu, kuja nikupeleke bahali yake. He took me to a camel meat joint. He told me to order. I asked the waiter: mko na nini? He said: rafiki iko ngamia tatu. Ngamia imekaangwa, ngamia blain, na ngami... Before he finished, I asked: Hiyo blain iko na nini? He said: Imechemshwa na chumvi. I told him, niletee ngamia choma. Suddenly, every head turned to our table. My woria friend quickly took charge. Ordered 3 plates. 2 Blain and 1 imekaangwa. I have no clue how those chefs do it. But it was the sweetest and softest meat I have eaten this year. My friend, if you have never eaten camel in isirii, I don't even know why I am talking to you. • Lesson 1: Those chefs should be arrested. Unaweza malizia school fees ya watoto hapo. As we stood to leave, I see the one and only Eastleigh mall. Immediately I remember what they did to KRA. When the mall was constructed. It cost 96 million. They also said the name Eastleigh mall is a brand. They gave it a brand value of 10% of the building cost. And called it goodwill. A whopping 9 million shillings. Total cost = 104 million. That is what they reported to KRA in their 2008 tax return. They then divided this cost over 13 years. The period to fully deduct building costs from tax. 8M per year. All legal. From 2008 to 2017, Eastleigh mall and KRA are good buddies. They even say cheers while taking coffee together. Then one morning in 2017, KRA arrives at Times Tower and finds a letter from Eastleigh Mall. It reads: • Hello KRA. You see that 104M we told you. We made a mistake. It's actually 200 million. We now have a fresh valuation report. We want to amend our returns from 2008. Tutoe 104 Million bahali yake tuweke 200 Million. KRA officer thought his spectacles had been hacked. He removed them. Saw the same numbers live. KRA asked, what do you mean? They responded: The amendment will help us deduct higher depreciation and lower our taxes. KRA rejected it instantly. It didn't end there. KRA immediately smelled a tax evasion scheme. They deployed spies to investigate Eastleigh mall. The spies seized their most critical documents. The most important being management accounts. The spies returned with a very disturbing report. There were huge understatements between the actual income and what had been declared. Angrily, KRA slapped the mall with a tax demand of 386M. The mall protested. They wrote an objection letter to KRA showing they had paid all taxes and that management accounts were just internal projections. They sat and waited for a reply. Clock started ticking. At times tower, KRA is sipping chai undecided whether to accept or reject the objection. As KRA is doing this, KRA is unaware of 1 dangerous sentence chilling quietly in the Kenyan tax laws. It reads. - As surely as the sun shall rise tomorrow. Any objection decision issued by KRA after 60 days shall be invalid. But the Eastleigh accountant knew that sentence very well. He put 60 beans in his wallet. Every morning, he removed and dropped one bean in his office tin. Day 61 reached. His wallet is empty. KRA has not responded. He rushed to the director. Bossi, KRA has not responded. We owe them nothing. Tumeshinda. Call the party. Many months later, KRA sends their reply. - Hello mall. We hope this email finds you well. We have not forgotten you. We reject your protest letter. You must pay us 400M. The mall ran to court. - They argued that KRA’s failure to respond within 60 days meant the objection was allowed and no tax was due. • The tax appeal Tribunal said noo. The 60 days is just a mere technicality. Bring us more documents for review. The mall refused to supply more records. The Tribunal sided with KRA and ordered the mall to pay KRA 386m. KRA retreated to Times Towers telling the mall na tuliwawon. The mall ran to the high court. They argued again, no response within 60 days means no tax. The good judge asked KRA: Is it true that you responded out of time. KRA nodded like this. The judge removed his spectacles. Paused. Then sided with the mall. The mall was ordered to pay zero. KRA was ordered to pay the mall legal fees. Case closed. Lesson 2. • If KRA does not respond to your objection letter within 60 days, call the party. You have won. • If KRA pushes, run to court and ask for legal costs. Courts will not hesitate.

@TheAbojani @cheruiyotkb @MihrThakar @mmnjug @Davinedavid1 @WachiraEuniceN @bangaiza_app @thesharkke 200M profit per day? That crazy.

It will be really interesting to see which company officially emerges as the most profitable in East and Central Africa, especially with Safaricom yet to unveil its full-year results. For now, James Mwangi of Equity Group holds the crown, having posted an impressive Ksh 72 billion profit after tax. The big question now is whether Peter Ndegwa of Safaricom will surpass that figure when the results are announced on May 7th. Will the throne change hands, or will Equity remain king? Only time will tell.

For those who received this “love message” from the Taxman: “Dear (Kamau, Omondi, Wafula, Korir, Kalonzo — who have I left out…), KRA has established that you earned income of KES 2,930,515 subject to Withholding Tax (WHT). The tax due on this income is KES 639,777. Kindly pay this tax on or before 30-04-2026. For assistance on payment or filing, reach us via WhatsApp on 0711 099 999.” DON’T PANIC When they talked about income and expense validation, this is what it meant. They already have visibility of your income and expenses for the year through data transmitted via eTIMS though this may not reflect the correct position. So, where do you start? 1. Confirm if this reflects your correct tax position as per your books ( hope you have some 😎)
 -Kenya’s tax system is still a self-assessment regime !Prepare your tax return to establish the correct position. -If you had expenses that were not supported through eTIMS, the KRA system assumes you had no expenses. -If you have proper records with complete supplier details, deduct those expenses from the income and compute tax on the revised profit position. Remember, the KRA position is based on the data they have; it is not absolute. -If the KRA income figure is higher than your actual income (e.g., due to erroneous eTIMS invoices or cancellations done “verbally”), you can make accounting adjustments by raising credit notes and support your position accordingly. 2. Confirm whether you fall under the instalment tax regime
 -Remember, instalment tax has a threshold. The 30th April deadline relates to the final instalment under this regime. If you’re not under instalment tax, June is not far off. 3. If the KRA position reflects your actual tax liability—PAY
 -Tax is unavoidable—be compliant. -If you are unable to pay in full, request a payment plan. Don’t panic. 4. Shift from reactive to proactive tax planning
 -If there is no expense reflected in the KRA message, it means no expenses were transmitted against your PIN. -Review and adjust your business model accordingly. 5. Invest in knowledge
-Join my next tax masterclass and understand how to manage your tax affairs proactively. Also normalize following accounts that talk about Tax and Tax changes like @AmbokoJH @WashiraX @SokoAnalyst among others

@BenCrellin Which rule was used to deny Palace UEL slot, making them play in Conference league?

@worldslogic FA Cup winners get UEL

The Europa League final is the only UEFA final that happens before the end of the season. It’s in the midweek before the final day of the PL season. If Villa win the Europa League and are ahead of 5th place by 3 points or less then the race for the final Champions League place will be nuts on the final day. 6th place gets UCL if Villa win the UEL and come 5th in the PL. Villa play City away on the final day.

@TheAbojani I go with rental, farming requires a lot of attention.

Rentals business vs Farming...which one is easier?

DECISIONS amongst them to 'gift' sh12/litre to PRIVATE companies causing the PUNITIVE fuel costs while cartels rake SUPER profits must be reversed ASAP and all CORRUPT public officials involved/benefiting PROSECUTED.Price controls must be REMOVED for COMPETITION to lower prices.

Netanyahu will be arrested or killed and Trump won’t be the US President by the end of 2026.

@TheAbojani Starting a business then home ownership

Which one of these do you think is the most financially demanding and why? Car Land Home ownership Starting a business Dowry & wedding Education

I love how football fun invest😂 imagine this fun branding this bottle hiding it until he was sure City are winning complete banger 😂

Condolences to Arsenal fans much as I know that you are inconsolable right now. Be assured that you will be among the top 4 at the end of it

@SPUKenya 😂

Name a famous bottling company #May2026intakeisongoing

i think Arsenal would drop points vs Bournemouth on Saturday.

@Mental_Wealth3 @TheAbojani Compounding at 9%annually

@Mental_Wealth3 @TheAbojani For 26yrs you will have 31M, 7.8M contribution and 23.2M interest that crazy🫢

If you need KSh 100,000 per month to live comfortably in retirement, that’s KSh 1.2M per year. Using the 25X rule: 1.2M × 25 = KSh 30M So, you would need roughly KSh 30 million invested to sustain your retirement lifestyle. It’s a guideline, not a guarantee. But it gives a clear starting point for thinking about what financial independence could look like in numbers.

@ItsGregy_ Hii Jada iko wapi watu wangu?

If you're earning 25 to 30k a month & you work in Nairobi, you better get a house in Zimmerman, Kasarani, Mwiki, Kinoo, Donlhom, Kitengela, Kawaha West, Rongai and Umoja. Huku you will eat, pay rent and even save kiasi.

Beat Bournemouth at home. Manchester City drop points to Chelsea Beat/Draw at the ETIHAD The league title is as good as won. Sell Gabriel Jesus before transfer window opens. Simple maths like 1+1.

@moneyacademyKE Why only the civil servants?

Kenya's Pension services for retired civil servants will be processed electronically from May 1, 2026.

@MaryKwamboks 12m in 3mnths, that 4m in 1mnth , 15%tax 600k bl 3.4m kplc hapa watashukua not less than 300k water 20k salaries 1.2m damage na maintenance 200k hapo unapocket around 1.5m per month. Hapa don't expect more than 3M GP in the 3mnths

Yaani stock ya pombe ya 10M inarudisha 22M?? Crazy margines walahi walahi.