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Showing posts from January, 2023

Kenya; The Land of 10 millionaires and 10 million beggars

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                                              Photo credit: Atlantic Fellows for social and economic equity “We do not want a Kenya of ten millionaires and ten million beggars. Our people who died in the forests with a handful of soil in their right hands, believing they had fallen in a noble struggle to regain our land… But we are being carried away by selfishness and greed. Unless something is done now, the land question will be answered by bloodshed.” These were the words the populist, erstwhile MP for Nyandarua and assistant minister for tourism and wildlife, JM Kariuki, uttered while speaking at a political gathering in 1974. Shortly after, 700 acres of wheat on a farm in Rongai belonging to the founding father of the nation, Mzee Jomo Kenyatta, were razed down by fire in an arson attack and several herds of cattle hein...

To Peg or Not To Peg, That Is the Question

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                                              Photo credit: Trade Finance Global The other day, I was following a conversation on some whatsapp group that I am in; one of those riotous whatsapp groups with more than its fair share of pseudo intellectuals. You know them. They are “Prof” or “Dr” so and so on their user names and they type ferociously and incessantly any time of day, veritable key board “warriors”. They punctuate the long paragraphs that they send with big words like sesquipedalian or verisimilitude and will be quick to dismiss anyone who questions their profound ‘intellect’. The prevailing discussion in our whatsapp group was about the Kenyan shilling whose value against the US dollar has been in a downward spiral for more than a year now. In response to the ensuing debate, a one Prof Robert Einstein suggested...

Investing In Stocks 101

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                                                  Image Source: The Kenyan WallStreet 2023, the year of our good Lord is here with us. Sure enough, I presume that most of you have your New Year resolutions succinctly put down. We are eight days into the year and I bet you are slowly and painfully coming to the realization that maintaining and achieving those resolutions requires the grit, self discipline and will-power of a Buddhist monk. I am no psychic but I know, without a doubt, that most of your new-year resolutions revolve around money and wealth creation. Because, let’s face it kuomoka is the ultimate goal is it? Granted, there are a myriad of ways to do this. Both legal and illegal- don’t pretend that you are ignorant of the fact that in this world of cut-throat capitalism, the end, most often justi...