Mohammed Abdullahi

Spending impulses are usually high on weekends.

~Your debt is someone else’s income.

~Your time is building someone else’s business.

~Your spending is funding someone else’s lifestyle.

Consider putting yourself on the receipt side of the money game.

Build cash flow assets 💯

Kenya's government now plans to scrap university scholarships and replace them with 100% government-funded student loans under a proposed Bill.

If passed, graduates will repay the loans after securing employment, with deductions capped at 25% of their earnings.

Kenya lost its position as Africa's top startup funding destination after startups raised Sh16 billion in the first half of 2026.

Egypt led with Sh42 billion, followed by Nigeria with Sh33 billion.

Aliko Dangote is set to start construction of a Sh2.2 trillion oil refinery in Lamu before the end of 2026.

The proposed 700,000-barrel-per-day refinery is expected to complement the LAPSSET Corridor and Lamu Port.

Airtel Money has launched Bizna Wallet, a new SME payment service with zero merchant fees and free Till and PayBill transactions below Sh1,500, ramping up competition with Safaricom's Pochi la Biashara.

The move comes days after Safaricom cut some M-PESA business payment fees. #technology

Kenya borrowed Sh416 billion from foreign lenders between January and April 2026, averaging Sh3.5 billion every day.

The borrowing pushed the country's public debt to Sh13 trillion.

The bill that seeks to give the government power to set minimum and maximum fares for matatus and other public service vehicles has moved forward in Parliament.

It aims to prevent sudden fare hikes, but matatu operators oppose it, citing rising fuel and operating costs.

Kenya's forex reserves jumped by US$1.54 billion this week to a record US$15.4 billion, the highest level ever.

The increase was largely driven by proceeds from the government's partial sale of its Safaricom stake.

The higher reserves are expected to support the Kenyan shilling, which is trading at around Sh129.5 against the US dollar.

📢 GOOD NEWS FOR M-PESA BUSINESSES!

Starting 1st August 2026, Safaricom has introduced lower M-PESA business transaction charges to make digital payments more affordable.

💰 Pochi la Biashara (Effective 1st August – 31st October 2026)
✅ KSh 1 – 200: FREE
💵 KSh 201 – 500: KSh 7
💵 KSh 501 – 1,000: KSh 13
💵 KSh 1,001 – 1,500: KSh 23
💵 KSh 1,501 – 2,500: KSh 33
💵 KSh 2,501 – 250,000: KSh 50
🛒 Lipa na M-PESA Buy Goods (Effective 7th August 2026)
✅ KSh 1 – 200: FREE
✅ KSh 201 – 500: FREE (Previously charged 0.55%)
💵 KSh 501 – 36,363: 0.55% transaction fee
💵 Above KSh 36,363: Maximum charge capped at KSh 200
🏦 Business Till Transfers (Effective 7th August 2026)

Businesses transferring funds from Business Till to M-PESA or PayBill will enjoy up to 50% lower transfer charges.

Examples of the new transfer charges:

KSh 501 – 1,000: Reduced from KSh 13 to KSh 7
KSh 1,001 – 1,500: Reduced from KSh 18 to KSh 12
KSh 2,501 – 3,500: Reduced from KSh 53 to KSh 27
KSh 5,001 – 7,500: Reduced from KSh 78 to KSh 39
KSh 10,001 – 15,000: Reduced from KSh 57 to KSh 29
Transactions above KSh 45,000: Reduced from KSh 108 to KSh 54

These changes are expected to lower transaction costs for thousands of traders, SMEs, and businesses across Kenya while encouraging wider adoption of digital payments.

Will these lower M-PESA charges encourage you to use Lipa na M-PESA and Business Till more often?

#Safaricom #MPESA #LipaNaMPESA #BuyGoods #PochiLaBiashara #BusinessTill #SMEs #KenyaBusiness #DigitalPayments #CashlessEconomy #Kenya

M-Pesa processed 46.4 billion transactions worth KES 41.68 trillion in the past year alone, one of the largest annual mobile money volumes ever recorded in Africa.

And instead of standing still, Safaricom just merged M-Pesa into “My OneApp,” a full super app with 80+ mini apps, split-bill, shared wallets, and tap-to-pay.

Nearly 20 years in, still reinventing itself.

Massive $17B Oil Refinery Coming to Kenya!
Africa’s billionaire Aliko Dangote says his 700,000-barrel-per-day refinery will consume about 2.5% of the world’s traded crude oil when operating at full capacity.

That is about 1 in every 40 barrels of crude oil traded globally.
Dangote Industries has finalized Lamu as the site for East Africa’s largest petroleum facility.
🔹 Capacity: 700,000 barrels per day
🔹 Impact: Supplying 8 regional markets & creating ~60,000 jobs! #Lamu

President William Ruto’s administration has borrowed Sh4.3 trillion, pushing Kenya’s public debt from Sh8.7 trillion to Sh13 trillion since taking office.

Since taking office, domestic debt alone has gone up by Sh3 trillion, from Sh4.4 trillion to Sh7.4 trillion.

Reality on the ground, Kenyan SMEs currently face a huge financing gap.

They need about Sh4 trillion to sustain and expand their businesses, but banks provide only around Sh700 billion, leaving a funding gap of roughly Sh3.3 trillion.

Business has become tougher, and if you look at the data, banks increasingly prefer lending to the government instead of the private sector, leaving many SMEs struggling to access affordable credit.

Amazon plans to launch a satellite-to-phone service in 2028, allowing smartphones to make calls, send messages and access data even in areas with no mobile network.

Reminder: Amazon is also set to build its first African satellite ground station in Kenya, supporting internet speeds of up to 1,280 Mbps.

Over Sh629 billion worth of imports from China cannot be traced in KRA's 2025 import records, according to new data.

This comes after China's customs data showed it exported Sh1.3 trillion worth of goods to Kenya, while KRA recorded imports worth only Sh672 billion.

𝗦𝗲𝗻𝗮𝘁𝗲 𝗢𝗿𝗱𝗲𝗿𝘀 𝗜𝗚 𝗞𝗮𝗻𝗷𝗮 𝘁𝗼 𝗔𝗿𝗿𝗲𝘀𝘁 𝗜𝘀𝗶𝗼𝗹𝗼 𝗚𝗼𝘃𝗲𝗿𝗻𝗼𝗿 𝗚𝘂𝘆𝗼 𝗢𝘃𝗲𝗿 𝗙𝗮𝗶𝗹𝘂𝗿𝗲 𝘁𝗼 𝗛𝗼𝗻𝗼𝘂𝗿 𝗦𝘂𝗺𝗺𝗼𝗻𝘀
The Senate Public Accounts Committee has directed Inspector General of Police Douglas Kanja to arrest and present Isiolo Governor Abdi Guyo before the committee within 10 days after he failed to honour a summons to appear on Monday.
The committee, chaired by Homa Bay Senator Moses Kajwang, issued the directive after Governor Guyo failed to attend the scheduled session despite being required to appear at 2 p.m. to respond to matters under review.
Guyo had earlier written to the committee on July 16 seeking to postpone his appearance, citing prior official county engagements that had been confirmed before he received the Senate invitation.
However, the committee rejected the explanation and ordered the Inspector General to ensure the governor is produced before the Senate within the stipulated period.
The directive escalates the standoff between the Senate and the Isiolo County leadership, underscoring Parliament's push to enforce accountability and compel attendance by public officials summoned to answer oversight queries.

The East African Community is set to introduce a single regional currency by 2031.

The new currency is set to unify regional trade, lower transaction costs, and simplify cross-border payments across the bloc

UAE-registered firm Techglow has acquired a 25% stake in SportPesa's parent company, Milestone Games.

The ownership change comes as Kenyans placed a record Sh330.5 billion in bets in the year to June

Kenyan courts have ruled that digital lenders without a CBK licence cannot use the courts to recover unpaid loans.

The ruling means unlicensed lenders may be unable to enforce loan repayments through the courts.

Heavily Armed Suspected Al-Shabaab Militants Launch Coordinated Attacks in Mandera

Suspected Al-Shabaab militants on Friday evening reportedly launched coordinated attacks on two towns in Lafey Constituency, Mandera County, prompting a security response.

Preliminary reports indicate the first attack began in Fino town between 6pm and 7pm, before a similar assault was reported in Arabia town about an hour later.

The incident triggered panic among residents, who reported that the attackers were heavily armed.

Security personnel were reportedly deployed to the affected area to contain the situation and pursue the attackers.

Kenya plans to borrow Sh81 billion to expand JKIA under a new Sh116 billion financing plan.

The remaining Sh35 billion will come from the National Infrastructure Fund and a bond backed by future airport passenger levy collections.

Kenya has received a Sh27.8 billion proposal to build a biotechnology and pharmaceutical manufacturing park at Konza Technopolis.

The project aims to reduce imports of medicines and drug ingredients by increasing local production in Kenya.

Boma Yangu savers have withdrawn over Sh2.7 billion of the Sh5.4 billion saved under the housing scheme, citing delays in house allocations and concerns over project delivery.

Here is how teachers’ monthly basic salaries will change under the TSC Phase II CBA salary review:

— Primary Teacher II: up by Sh1,197 to Sh26,225
— Secondary Teacher III / Primary Teacher I: up by Sh1,318 to Sh32,423
— Secondary Teacher II: up by Sh2,030 to Sh41,100
— Secondary Teacher I: up by Sh2,055 to Sh48,754
— Senior Teacher I: up by Sh745 to Sh57,667
— Head Teacher: up by Sh1,048 to Sh68,948
— Senior Master III: up by Sh1,285 to Sh80,500
— Deputy Principal II: up by Sh693 to Sh93,883
— Principal: up by Sh796 to Sh107,634
— Senior Principal: up by Sh887 to Sh120,016
— Chief Principal: up by Sh986 to Sh133,351

"Hii mambo umeona Ol Kalou ni matharau kwa William Ruto kwa sababu alichagua Kithure Kindiki kuwa Naibu wa Rais. Tupasue hii takataka ya Mlima." Kathuri Murungi, Meru Senator. #Elections2027

Kenya's government borrowed a total of Sh246 billion in June 2026 alone.

This included Sh118 billion from domestic lenders and Sh128 billion from external sources.

MPs have raised concerns after HELB spent Sh630 million on operations in the 2025/26 financial year, including Sh602 million on staff.

The concerns come as the agency faces a Sh29.3 billion student funding gap #HELB

KRA is under parliamentary probe after clearing a raw sugar import with nearly Sh3 billion in tax exemptions.

The investigation follows concerns over the tax waivers and missing import documents.

Kenya is becoming less attractive to investors due to high electricity costs, frequent tax changes and bureaucracy.

Economists say countries like Rwanda, Tanzania, Ethiopia and Egypt are attracting more investment with cheaper power, tax incentives and simpler regulations.

Whilst DCP was having an easy ride in Ol Kalou, Europe’s biggest countries like Spain & France quietly listed African countries whose citizens can travel to Europe visa free!

Kenya was missing in all lists! They don’t trust us to travel to Europe visa free!

Audit reveals payroll fraud cost taxpayers an estimated Sh6.2 billion.

The audit found:

— Sh313.6 million paid through a single personal bank account at the National Police Service.
— Sh31.5 million in unsupported salary arrears at the Department of Immigration.
— Sh20 million paid to employees with unverified bank account details.
— The remaining losses came from ghost workers, duplicate salaries, shared bank accounts, and other payroll irregularities

Gamblers in Kenya placed a record-breaking Sh330.5 billion in bets during the 2025/2026 financial year.

Data from KRA highlights an unprecedented boom in online gambling, which outpaced new investments at the Nairobi Securities Exchange (NSE).

KRA collected over Ksh 16.5 billion in excise taxes from these deposits.

The World Bank has delayed Kenya’s Sh78 billion emergency loan after suddenly discovering that the government has no detailed plan explaining how the money will be spent.

Were there detailed spending plans for all the previous billions the World Bank approved, or has accountability only become fashionable after Kenya had already borrowed itself into a hole?

The World Bank cannot spend years financing a government whose appetite for loans is larger than its ability to explain expenditure, then act shocked when another request arrives without a proper plan.

Belgium 🇧🇪 vs Senegal 🇸🇳

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