@amdenismutua@sholard_mancity By 2030, there is possibility that world population will reach a peak of 10 B. With advancement in tech, most workers will be retrenched since machines will take over their jobs. Over-production will take over but purchasing power will reduce. By 2035, the world population curve
PROCESS OF BUYING A SECOND HAND VEHICLE IN KENYA.
BUYING
* Shop around. do not rush. Two weeks of ground work is enough.
*Approach showrooms for repossessed units or get in touch with a bank for the same.
* Go with a mechanic who can and should give a sober overview of the car without any bias. Have them start off with the engine, gearbox then body in that order. Have them do a full pre purchase inspection. Any qualified mechanic should be able to do this. Avoid quaks.
* Let the car idle for 5 minutes without racing it. if it vibrates and goes off avoid such.
* For CVT transmissions check the gearbox by using this simple trick.
- Press on the foot-brake
- Switch on the car.
- Remove handbrake
- Shift the gear lever from Parking ,Reverse to Neutral to Drive and back to parking all while pressing the brake pedal in . If the vehicle jerks or shakes as you do this then it probably has faulty transmission or worn out engine /gear mountings.
* Check body work for irregular paint work , non aligned edges and cracks. cracks indicate that filler was used on that part after an accident. lift the bonnet , check beneath it, how heavy is it ? a heavy bonnet is a sign of filler use.
* When doing test drives, switch off the radio to listen to any strange sounds coming from the engine bay, front suspension. on your way back seat at the rear seats to feel how the rear suspension rides. The driver should feel the steering rack and how it turns too.
* All cash transfer should be done via bank and nothing else for purposes of tracking payments and ensuring accountability. Make sure that the account owner is the name in the logbook. Do not send money to a different account or else you will sing "Luwere luwere luwere !"
* Sign the sale agreement in front of a lawyer and have them as a witness. Sale agreements are to be read before paying the money & signed after paying the money.
* Initiate logbook transfer immediately and immediately take possession of the original logbook. If the logbook is not in the name of the seller avoid such deals. The law gives you 14 days to initiate logbook transfers to your name
* Take out insurance cover in your name asap. The owner should cancel his insurance immediately. insurance contracts are not transferable. No one can not sell a car together with the insurance cover attached to it. Request them to cancel their cover & seek a prorata refund of premium from the insurance company.
* Buying a car should happen during working days and not weekends or holidays i.e when banks and lawyers are open for business. Road tests can happen on weekends. Contract signing & payment should happen on week days
* Keep copies of the sellers National id , KRA Pin together with the sale agreement duly signed and stamped by the lawyer who acts as a witness.
* Remove all tracking devices from the vehicle and install a new one. Some rogue sellers may track the car and have it stolen. This is Kenya , you do not trust anybody.
In extreme cases they should swear an affidavit that the car does not have any tracking devices on it(sounds petty but it will help)
Nairobi & upcountry is best for locally used cars while mombasa is best for foreign used cars. Cars that have been in use here (mombasa) for a long time often develop rust on body issues.
Check the Status of Registered Second hand vehicles you buy locally through the AKI (Association of Kenya insurers) Kenya Integrated Motor Insurance Data System (IMIDS).The IMIDS system has statistics in various categories including; stolen motor vehicle data, salvage data, written-off motor vehicle data, uninsured motor vehicles, accidental claims and other key indicators.
This is accessible by all Motor insurance underwriters & the DCI in Kenya.
Before buying a car at the quotation stage, ask the insurance company to check all these data for you free of charge.
Incase you see one claim kindly know that
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Today, OCoB hosted the @KeTreasury IFMIS team for an IPSAS Accrual Transition Readiness Assessment. The meeting, chaired by CPA Jacinta Masila, reaffirmed OCoBโs commitment to driving transparency, stronger financial reporting & global best practices in public finance.