@jakim_manji@PesaWall Interesting perspective. It's possible to have too many stores and then be uneconomical (like Nakumatt), or have very few stores and leave money on the table, like Carrefour right now. The right balance depends on your business strategy.
The person behind the QVSE investment scheme, which has been cited in court for fraud, is recruiting Kenyans into a new platform called Apollo.
He is now asking investors to deposit Sh51,000 in exchange for a promise of access to money frozen in the previous scheme.
Kenya has introduced a new law that changes how trusts are created, registered, managed and monitored.
We have done a deeper analysis of the new law.
Read and save the thread below.
Why are so many SMEs dying in Kenya?Not because Kenyans lack ideas. Not because people are lazy.
Many businesses are being crushed by the same five problems over and over again. Here is what is killing SMEs and what entrepreneurs can do differently.
Thread 🧵
So, what is the Dangote Refinery IPO all about.
Dangote Refinery plans to offer 4.1 billion shares to the public at about $0.40 per share, or roughly Sh52 per share.
The IPO could raise about $1.63 billion, equivalent to Sh212 billion.
Kumbe Monto was a colonial product. I do not know why I never thought about it like this. Most disgusting thing. You wonder why they even taught us mothertongue in lower Primary them
I recently did an experiment. I cheated in a monopoly game. I wanted to examine the extent to which undue advantage such as embezzlement/inheritance influenced economic outcomes relative to chance and initiative. I ended up building 2 hotels before the others could build a house (CAPITAL ACCUMULATION).
It got to a place where, I stopped accepting rent from players that landed in the hotels. I instead offered to wipe away their debt in exchange for their land, which was sometimes only a quarter of the debt owed (ASSET-PRICE INFLATION).
The other players could not outbid me for the land as the owner owed me too much (BARGAINING/MARKET POWER).
The more land I got, the more I built. I was barely using the money I had. If I landed in their owned properties, the other players were more willing to overlook what I owed them because after every round I awarded each of them about $50 just to keep them in check (SOCIAL CAPITAL).
And every time I did, I sang about how generous I was (POLITICAL LEGITIMACY).
By the end of it, I owned all land. Had 5 hotels, across 5 prime lands (ASSET CONCENTRATION).
I came to the conclusion that unless by some miracle, you cannot outwit a flawed economic system. Undue advantage has a better compounding influence on positive economic outcomes than initiative and chance (OUTLIERS).
@scotti_brooks Chase huges pointed out that we spend an average of four hours on our phones yet we never dream about them,the brain seems to file it away as usless information.
Four hours.