We talk about all the activities of making one’s living or making money by producing or buying and selling products such as goods and services.
When operating any kind of business here in Kenya or even worldwide, there are several permit licenses that one has to acquire depending on different factors. These factors may include the size of the business, type of the business, number of employees, and total income. Operating a business without the necessary licenses may result in … Read more
Businesses have priorities that need to be attained. Small businesses have the advantage of only the owner or 3 other individuals working in it. Therefore, not a major hustle compared to large corporations with hundreds and thousands of workers employed in the company. Many employers have complained of low employee productivity, citing social media devastation … Read more
Kenya has experienced massive growth in information technology which has seen the rise of entertainment activities in the country. Information never delays, one updates a status on either facebook or twitter and in seconds, it becomes trending. However, the film come movie industry in Kenya is not very much appealing to its people. Pirated movies … Read more
Many hailed the distributed ledger (blockchain) technology. One of the best innovations built in the digital age is blockchain. The first implementation of blockchain technology was bitcoin. The aspect which is focused on was the decentralized, permanent recording of transactions where all bitcoin transactions. A decentralized network of miners and included in blocks verified these … Read more
Initial coin offerings (ICOs) are a new, currently unregulated means of fundraising for companies. This combines tiny components of angel investing, VC (venture capital) funding, and IPO (initial public offering). It is done in a way that allows a company to raise funds without offering voting rights or company equity. An ICO usually has ‘investors’ … Read more
It can get really hectic to sort out which projects which have solid value propositions as well as realistic implementation techniques/timelines. This is because with hundreds of ICOs completed and many more still ongoing/planned. In this post, we outline some blockchain startups that have been funded by ICO crowd sales which are expected to make … Read more
Despite being home to arguably Africa’s biggest bitcoin exchange or remittance startup (BitPesa) and ranking as one of the top three countries with the highest peer-to-peer trading volumes on the African continent, Kenya has shown itself to be anything but hospitable to bitcoin-based businesses. In 2015, the Central Bank of Kenya took a newspaper ad … Read more
With amazing gains on most cryptocurrency investments, better mainstream coverage, more applications of blockchain technology and the rise of crypto-based fundraising (popularly known as initial coin offerings), one can arguably say that 2017 has been the year of cryptocurrencies and the enabling technology behind them, blockchain. Africa has not been (entirely) left behind in the … Read more
You can get Bitcoin, just like any currency, by earning it for something you sell (get paid for your goods & services), getting your company to pay you in Bitcoin (unlikely, since HR might not be familiar with it), you can mine it (rather technical and expensive) or you can just go ahead and buy some! There’s a little admin involved but it’s easier … Read more
After three years, filled with many ups and downs, the cryptocurrency Litecoin has finally set a new all-time high. The coin’s price has surged more than 1,000% over the last three months, reaching a record high price of $52 at the beginning of July 2019. Litecoin holds the fourth biggest market capitalization, coming in after Bitcoin, … Read more
Any new and exciting technology comes with its own new (and not-so-exciting) challenges. Bitcoin is still in an experimental phase and only slowly hitting the mainstream. While it’s clear that it has many advantages, there are still a few risks involved in using it and digital currencies in general. It’s important to be aware of … Read more
Ponzi schemes recently enjoyed renewed public attention with the 2008 financial crisis and the Bernie Madoff scandal, but they first gained notoriety from their namesake, Mr. Charles Ponzi. So, what is a Ponzi scheme? Simply put, a Ponzi scheme pays high returns to investors, which don’t come from business activities. The scheme simply uses new … Read more
