Category: Money

Kenyans support Ken Mijungu following his shocking sacking from NTV

Posted on by Geoffrey Mbuthia

This past week is already one big surprise -Corazon Kwamboka was pregnant. But it seems that the month of July is bursting at the seams to keep on shocking us.

Yesterday, news dropped that Ken Miujngu had been sacked by NTV. The bombshell was unexpected as the news anchor has been a mainstay at the channel for many a year.

Ken Mijungu in the office

But it seems that that wasn’t enough as he was made redundant by the Aga Khan-owned station.

The 34-year-old broke the news via his social media accounts that he was among the many casualties of the latest media ax.

“The ax fell at NTV newsroom and I was on its way. Seven years in those corridors summed up in a two page letter of termination. We live to fight another day. Thanks to God, he remains the greatest, thank you NTV Kenya for the opportunity and thank you for always staying tuned,” he confirmed.

The news came as surprise especially considering that the man’s caliber as a winner of the prestigious CNN African Journalist Awards Special Commendation.

Ken Mijungu in the office

The redundancy also saw several senior editors and managers began on June 2, as part of cost-cutting as the Aga Khan-owned media house shifted gear to digital transformation.

“Further, this new reality (COVID-19) necessitates the reengineering of Nation Media Group to accelerate its digital transformation. This will include focusing on resourcing people in new areas critical for the Group. Regrettably, this will result in a reduction of our workforce,”,” the company’s CEO said.

‘No negative energy’ Betty Kyallo shades haters after Dennis Okari, Ken Mijungu drama

While the media industry has suffered serious job losses the past year, many so more into Ken’s termination than just simple math. Some of those comments are below:

matie_mumo Umefukuzwa kazi ama ni siasa tu naskia

_wasonga_ The future is bright bro🙌

linah_wanjiru All the best to the next one

agnesmwitib Another way will open for you relax

madowo_paul You did well

anjeremercy I wish you well in your next step @kenmijungu you did well 👏

wangechi.muriuki On to the next, keep winning!

mukaminkonge Better opportunity underway Ken…. It is well, may God be with you on your next move

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Kanye West is a dollar billionaire! He is now worth more than Jay-Z and Kylie Jenner

Posted on by Geoffrey Mbuthia

Kanye West has come a long way since his emergence onto the hip hop scene in the mid-2000’s. The musician, who made his start as a producer at Roc Nation, has become one of the most influential rappers of all time with his experimental beats.

And the results have shown with his name becoming synonymous with success and controversy. But Kanye is a rolling stone who always has to be doing something and decided to take his talents to the fashion industry – which is another of his passions.

Kim Kardashian with Kanye West
Kim Kardashian with Kanye West

This is where he made his real money, with Forbes estimating that the rapper made 140 million dollars last year from sales of his Yeezy sneaker line.

While that is the estimate of what he made, the rapper wants people to know that he’s a billionaire despite Forbes not including him in its list of billionaires released last month.

There was a time when the devil had me! Kanye reveals during testimony

This is a pet peeve for the rapper, something that has caused him to publicly challenge the magazine.  “You know what you’re doing,” he texted. “You’re toying with me and I’m not finna lye [sic] down and take it anymore in Jesus name.”

He also added that Forbes was “purposely a part of a group of media” that was trying to undervalue his self-made success because of his race.

Kanye West with Joel Osteen at his Lakewood Church
Kanye West with Joel Osteen at his Lakewood Church

His disagreement with the company has caused the rapper to publicly challenge the company. This past Thursday, West told his team to provide Forbes with “what we feel is an authentic numeric look into Kanye, Inc.”

The supply of documents to Forbes has made the company revalue the rapper’s worth. Based on documents, Forbes estimates the final revenue number for the shoes is closer to $1.3 billion.

Forbes formula

According to Forbes, a 10x multiple applied to West’s Yeezy cut of $140 million makes his stake worth about $1.4 billion. Forbes reduced the value by 10% as his asset is not very liquid reaching a final number of $1.26 billion.

Kanye forbes cover
Kanye forbes cover

In the end, Forbes estimates Kanye’s current net worth at $1.3 billion a number that Mr. West still disputes claiming that he’s worth triple that amount.

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Disruption: Why Kenyans don’t need to visit the bank anymore

Posted on by john arum

For a long time, a trip to the bank was usually a hassle. Long waiting times and lines, inconvenient opening times and finding a close enough branch made it one of our least favorite chores.

However across every income bracket, an equal percentage of consumers have access to digital and mobile banking tools. In fact it is one of the most important factors influencing their choice of banks according to a cornerstone study.

The purpose of the bank branch is to facilitate interactions between customers and bank employees. However with today’s technology the interaction can happen without the two parties physically being in the same location.

People using digital banking is steadily increasing and banks are listening. Including Standard Chartered Bank.

With the Standard Chartered mobile banking app, they have made it so you may never have to visit a bank branch again. This is especially helpful right now as thousands of Kenyans are working from home and are encouraged to stay safe.

Through the app you can manage your bank account as well as easily transfer money through MPesa.

Additionally you can transfer money through RTGS to other accounts as well as transfer money through PesaLink.

The app also has a QR pay option which allows you to pay for goods and services, scanning the QR code at selected merchant stores and website.

You can also purchase various types of insurance including; home, motor, travel and farewell. You don’t even need to carry your debit card as you can withdraw from any Standard Chartered ATM.

It’s easy to open account and once you do, you may never have to set foot in a bank again!

Open your account now – https://www.sc.com/ke/open-account/

Pay your utility bills with SC Mobile Banking app
Pay your utility bills with SC Mobile Banking app

Be unstoppable! How Otieno helped neighbor Maina pay rent at midnight

Posted on by john arum

Knock! Knock! “Otieno… Otieno… I know you are awake!”

Knock! Knock! I was shocked that someone was knocking on my Mercedes’ door. “Maybe it’s a phone thief…. I thought to myself” …but it persisted “Oti bana, wake up… its an emergency”

That’s when I slipped in to semi-consciousness.

Upon realizing it was a dream, I tried to get back to sleep. “Mercedes… please come back to me!” I said in desperation, but sleep had betrayed me. Maina, my neighbor, persistently knocked on the door to which I responded “I’m coming… relax”. At the back of my mind, I was reluctant to answer the door but on many an occasion, Maina had saved my life, so it was only fair that I went to find out what the problem was.

“Sema Maich… what’s going on? How can I be of assistance?” I said in a polite voice without a hint of anger from someone who had just been interrupted from driving his dream car. “Remember that job I had been telling you about? I applied and they called me for the interview. Tomorrow is the big day” he said in an excitement that had a tone of concern.

Assuming that he wanted tips, I interrupted and said “You know what, just be confident. Read their financial reports…. Take two showers and don’t shower with your usual bar soap……..”

“It’s not that…..” he interrupted. In the midst of the excitement of preparing for his big interview Maina had forgotten to pay his rent which was past due. He even said the infamous quote that has made many a bar owner skeptical “I don’t have money on my phone right now. Can you pay for me?”. Imagine losing your dream car and now almost giving the same person who ruined it your money.

“The landlord has sent me a nasty text threatening to lock the house in the afternoon. Would you have some money on your phone that I can use to pay the rent? I will give you the cash tomorrow after I get to the bank”.

Without hesitating, I got my phone and launched my Standard Chartered mobile banking app. Always handy! In a matter of seconds we were paying the rent through the landlords Paybill number as we spoke about the interview and how I’ll probably have a Mercedes dream again. We spoke about how it is now easier than ever to access our cash from the bank account especially when we have unexpected emergencies and social distancing. I even convinced him to try out mobile banking. This is something that was unheard of years ago.

“Thanks for helping me sort that out. I am downloading and registering the app tomorrow morning after my interview” Maina said as he went back home an optimistic man who knew that he won’t have to bother his neighbor again if he wants some money ASAP.

Open your account now – https://www.sc.com/ke/open-account/

Opinion: All Kenyan businesses should to now process KRA payments online

Posted on by john arum

We used to love queuing and doing things last minute. Not any more. New habits are with us!

Haven’t we learned a lot? At least I can speak for my circle of friends and I suspect the same for most Kenyans. Indeed, comfort is a killer.

Staying indoors has taught us to take advantage of what we’ve got in our hands. Got Internet? Then your business should process KRA payments online and waste no time. Read that again!

Why? Simply because you can. I highly suspect we won’t be visiting the tax centres anytime soon.

Actually, Standard Chartered Bank has made it easier for businesses so that we won’t have to ‘pet the peeves’. Standard Chartered Bank is directly integrated with KRA and this makes KRA submission real time. This, through the Straight2Bank online platform. It’s an online banking platform designed for all your business transactional needs.

All you have to do is set up KRA once and you wont have to memorize the account again.

You can pay your Excise, Service and Direct taxes online. Your account is automatically debited and you receive an acknowledgement immediately.

Besides that, you can stay safe and work from home with more features such as simple payroll processing, simple FOREX transactions, simple bulk payments, reports and alerts and it’s all secure.

Why don’t you try it for your business? You want to meet your legal obligations, don’t you?

To learn more, visit https://www.sc.com/ke/business-channels/straight2bank/

Process KRA Payments online
Process KRA Payments online

When your petty cash department has to work from home: Tips and tricks to stay safe

Posted on by john arum

When most of us think of the petty-cash department, we tend to think of straight-faced persons seated behind a desk in an office, dealing with piles of paperwork and always counting money. A petty cash accountant working from home without face-to-face meetings or paper exchanges hasn’t seemed possible …until now. Times have quickly changed.

Because of this hiatus occasioned by the uncertain times that we’re going through, doing petty cash accounting by working remotely has been made possible by technology. A lot of businesses are still nervous about it and that’s natural because they might not know how to go about it. However, all that’s needed to be known is what tools can make this work paperless and away from the office.

Here are some hacks.

Face to face meetings
Most interactions with these accountants tend to be impromptu rather than scheduled. There’s no difference in a remote setting other than using phone calls or video conferencing tools. No need for a conference room! It’s just as easy to have impromptu meetings using Zapier as it would be in any office. You could also set up a Zoom meeting and share the link in your Slack channel and you can have that same sort of spur of the moment meetings, as long as all the participants are online at the same time.

Work
The accounting aspects of working remotely for petty cash accountants are not much different from working in an office. There are still weekly meetings, collaborations, month-end reports and payment approvals.

There are a lot of cloud-based apps but we’ve found an innovative way to manage petty cash payments provided by Standard Chartered Bank through their award-winning platform called Straight2Bank

Straight2Bank and Petty cash

The platform is an online banking platform designed for all your business transactional needs. At the moment, we are advised to stay away from physical cash (coins and notes) and naturally, we’re embracing alternative means to do banking.

To make the petty cash disbursements, all you have to do is list all the mobile numbers and amounts to be paid on an excel sheet template. Load this on Straight2ankB and click pay. For added security the payment goes through your organisation’s internal approvers.

Working remotely may seem like a foreign concept in the petty cash accounting world, but when you’re set up with the right applications, it’s totally achievable!

To learn more, visit https://www.sc.com/ke/business-channels/straight2bank/

Bulk Payments Standard Chartered Bank
Bulk Payments Standard Chartered Bank

 

Discover Straight2Bank: What it means for your business as you work from home

Posted on by john arum

Alternative banking is the in-thing for businesses right now as we experience uncertain times. All organisations are keen to manage this unforeseen disruption and to stay afloat, each is undertaking a set of unique measures. These include having employees work from home, migrating tasks online such as meetings, interviews, finance and accounts, operations et cetera.

However, when it comes to business banking, there are very few options in the market that provide fully integrated solutions for organizations to take advantage of online platforms.

The most comprehensive solution that exists in the market is Straight2Bank from Standard Chartered Bank. Unmistakably, this platform has now become a yardstick for other banks and the fact that it has become the most popular platform for businesses both large and small is evidence of its superiority.

What exactly is Straight2Bank?

The platform is a fully integrated online banking service for business transactions, hedging and information needs with a customisable suite of tools. It is carefully designed for all business transactional needs.

Straight2Bank facilitates comprehensive management, giving businesses easy access to key functions such as trade, payroll and foreign exchange transactions. Organisations can also set up custom access and control within the platform which includes employee access levels, customised payroll templates, personalized account alerts and more.

The platform also allows businesses to process their KRA payments online and in a simple way. Standard Chartered Bank is directly intergrated with KRA and this means all payments are processed realtime.

Bulk and mobile payments are facilitated in a simple manner. This involves using an excel sheet template to list all mobile numbers and amounts to be paid, uploading it to Straight2Bank and click “pay”. This function is secure in that the validation of these payments goes through the organisation’s internal approvals

For users needing help on the platform, there is a dedicated support team. They provide online support services to businesses you solve and problems they may face when using Straight2Bank.

Given the current government directives designed to facilitate businesses, all charges on Straight2Bank are now minimalised. This includes free RTGS transfers done online as well as payroll.

To learn more and get started, visit https://www.sc.com/ke/business-channels/straight2bank/

Here’s how to manage your investments while social distancing

Posted on by john arum

We’re living through history and staying safe is a major priority right now. The ongoing efforts to control the pandemic has made it necessary for most of us to work from home. This also means that our lifestyles have been disrupted and we only make moves when necessary. All in an effort to try and curtail the spread of the virus.

During such a pandemic and also with public health emergencies, impacts can be seen in both the local and national economies. We are all concerned about our investments but there are proactive steps you can take to protect yourself.

Banks and financial institutions are introducing ways that you can manage your money to not only help you weather these trying times, but strengthen your portfolio.

One of these introduced is the Standard Chartered digital mobile banking app which helps you make decisions on investments as well as control your finances. You can even open accounts on the app.

Through the app, you can buy and sell bonds and T-bills, view market trends and buy mutual funds. We are currently in a Bear market meaning that the stock market has fallen for a prolonged period of time. This leads to an increased sell-off of stocks reinforcing the downward direction of the market.

However, falling stock prices and depressed markets are good for the long-term value investor. With lowered stock prices, you can make periodic, fixed amount investments over time.

Choosing who or what to invest in comes with its own challenges, but Standard Chartered can help you with that. You can receive monthly portfolio statements which show the status of your investments which are professionally managed.

While we may be stuck at home, it does not mean that our bank accounts have to be too. Through the Standard Chartered mobile banking app, you can invest directly from your current account and enjoy the benefits of regular income.

 Get started

The SC Mobile app gives you the freedom and time to apply for new bank accounts from the comfort of your home, office or on the go. They’re helping you Bank anytime, anywhere with iPhone and Android mobile banking apps.

SCB Mobile Banking
SCB Mobile Banking

For the Mobile Banking Account Opening application, all that’s needed is you and your mobile. You’ll be asked for uploads of your Identity Documents that you can prepare before you start. Then with your mobile, simply capture, attach and even upload from your preferred cloud storage.

Open your account now – https://www.sc.com/ke/open-account/

Jose chameleone showcases his multi-million V8 beast

Posted on by Elizabeth Musyimi

Legendary Jose chameleon has shared a photo of his new machine.

This comes months after the singer declared his intention to vie for the Kampala mayoral seat.

The Mercedes-AMG G 63 (G-class) is estimated to be Ksh 16,700,000

Check it out;

 

He Was A Cute Baby: This Is How Jose Chameleone Looked Like When He Was Young (Photo)

Ali Kiba finally reveals why he wrote threatening post to Diamond

Posted on by Geoffrey Mbuthia

Kings Music Records boss Alikiba has come out with another story concerning his Instagram tirade regarding Diamond that was the talk of blogs a few weeks back.

The tirade was a warning to Diamond to stop using his name to popularise the Wasafi Festival. King Kiba stated that if he (Diamond) wanted him to expose the bad things he was doing to him, no one would show up at his Wasafi Festival event.

Ali Kiba
Ali Kiba

The post elicited a lot of reactions from media with Kiba being silent about it. But after the Wasafi Fest would attract such heavy hitters like Wizkid and Tiwa Savage, Ali took a more conciliatory tone saying that his account had been hacked.

Diamond or Ali Kiba: Wema Sepetu reveals whose music she prefers

Do you still think that the truthful musician has kept to that story? Nope, the man spoke to Times FM and clarified that he was forced to write the post warning Diamond after he started receiving calls from the media.

Diamond Platnumz
Diamond Platnumz

He went on to say that the post was to address the matter once and for all and to stop the calls from journalists. He also went ahead to say that he would never perform at Wasafi Festival and it’s something that Diamond’s team is aware of, and they only made the announcement for clout.

‘Kilichofanya ni post nitoe taarifa ni kwa sababu waandishi wa habari walikuwa all over wanapiga masimu. So kile kitendo ili niweze kustopisha wengine nikaona nipost ili wasione kama waandishi wa habari nimewakosea heshima sipokei simu zao ama nawadharau. I had to do that,’ said Kiba.

Ali Kiba on stage
Ali Kiba on stage

He reiterated that it wasn’t good for Diamond to keep associating him with his shows and they should instead, respect him.

‘Heshima kila mtu tunaamua tu kuwekeana heshima kwa sababu sipendi kumzungumzia mtu kwa mabaya wala ningependa kumzungumzia mtu kwa mazuri. Vile vile sidhani kama ilikuwa sawa katika kila event zao wanihusishe. Mimi siko tayari na wanajua kabisa I cannot do it na I’ve told them before nikamwambia fanya wewe, mimi nitakuja kufanya ya kwangu. Walikuwa wanatafuta namna gani waweze kubeba ile attention,’ Ali said.

Ali Kiba in yellow
Mr. Kiba

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Akothee spends man’s salary in Dubai restaurant-Kenyans go crazy

Posted on by Geoffrey Mbuthia

Akothee has come a long way from the time she could not properly feed herself and her kids. The mother of 5 who struggled as a young mother to take care of basic needs when her daughters were young, is now living the life after making some excellent strategic decisions.

The singer has been blessed with houses in different parts of Kenya, a fledgeling tour business and is a brand ambassador for the Weston Hotel.

Akothee in Dubai
Akothee in Dubai

To say that she is doing well is an understatement for the woman who has called herself Kenya’s richest musician. She recently showed that her boasts aren’t all that empty and even decided to reveal to fans the amount she had spent on a meal while in Dubai.

Akothee in white
Akothee in white

The cost? The self-proclaimed president of single mothers revealed that she spent around AED 1590 on food which is equivalent to Ksh 44,000.

Akothee's bill
Akothee’s bill

Akothee went on to caption the photo saying;

How much is this in Kenyan shillings plz🙆‍♂️ that meat was looking like a kidney of a cockroach🙆‍♂️ Wish I went to a Nigerian restaurant. I guess this is more than Ksh 20,000 😭😭😭 Dubai kwaheri, I have no problem with the price the problem is that I didn’t get full

10 Photos Of Akothee’s Palatial Mansion That Will Make You Wonder What You Are Doing With Your Life

The post elicited some hate from some of her followers with the sentiment being that she was showing off-which she was. But do you think she cares?

Some of the comments are below;

douloriarama Ungepost food yenyewe ndio tujue ni ukweli, mjaka na sifa huezi muamini😂😂😂

kaviti_michael Hio ni mshahara ya mtu ya mwezi full umekula mtura nayo

pablo_official67 Akothee hiyo ni school fees ya mtu ya mwaka boarding school

Akothee with Charles
Akothee with Charles

Food for thought; Hate only comes from beneath.

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Sacked Mwanaisha Chidzuga makes stunning comeback with new show

Posted on by Geoffrey Mbuthia

Mwanaisha Chidzuga left K24 late last month after the mass of retrenchments that rocked the Uhuruto-owned station, with a cloud surrounding when we would next see Danson Mungatana’s wife on-screen again?

On day she quits K24, Mwanaisha Chidzuga posts first-ever image of Mungatana

Wonder no more as the captivating and engaging screen queen has landed a show that is close to her heart. She revealed this great news in 2 Instagram posts that she made celebrating her 37th birthday yesterday.

Mwanaisha Chidzuga
Mwanaisha Chidzuga

She wrote;

The big 36 was amazing #blessingafterblessingand now I know that 37 will be greater..My Lord Almighty Has already shown me my trailer just waiting for the movie that is my life blessings and destiny to Premier 17.11.2019. Inshallah .#Newbeginnings#gutsywoman#NewGoals..#Dada2DadaUncensored. My past full of lessons not mistakes..My future so bright and my present living and giving back.

Mwanaisha Chidzuga
Mwanaisha Chidzuga

She added in the other post;

Boom! To the ladies who are Gutsy ,Fearless, Achievers, Leading women ,Ordinary people doing extra ordinary things..The Passionate one..The one who inspires and motivates the one who believes in love or just given up on love. Je wewe.ni jasiri au mjasiriamali? Wewe ni #Dada2DadaUncensored Lets talk,Lets empower and inspire, Lets mentor and motivate, Lets smile and share a tear then pick ourself up and thrive .Iam You Mwanamke Kujiamini dada, Do we really need fixing or do we need to fix someone? The truth yes but can you handle the truth?..Join the honest conversation as we tell it as it is @Dada2DadaUncensored.#Happy37th ..And yes something is cooking 🥘 ….. 

Mwanaisha Chidzuga
Mwanaisha Chidzuga

Her many fans and followers were quick to celebrate the presenter’s move and said as much. It should be noted that she still hasn’t revealed the station that her show will run on.

Considering the sad rumours coming from the retrenched Mediamax employees, Mwanaisha has really turned her ignominious end at K24 something with this wonderful news.

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“Most Innovative Service” awarded to Safaricom and Huawei at AfricaCom 2019

Posted on by Geoffrey Mbuthia

Cape Town, South Africa, Nov. 14, 2019. Safaricom and Huawei have jointly received the prestigious Most Innovative Service “the Business of Tomorrow” award at AfricaCom 2019 in Cape Town.

The award recognizes the two companies for offering the new revolutionary Mobile Money Overdraft service, known as “Fuliza”. The service enables users with insufficient funds in their M-PESA accounts to borrow money to complete their M-PESA transactions. The service was officially launched in January 2019 and has been gaining popularity in Kenya where Safaricom has over 23.6 million M-PESA users. Kenyans transacted over KES 6.2 Billion (USD 62M) in

Fuliza’s first month after its launch.

Michael Joseph, CEO, Safaricom said “M-PESA continues to play a leading role in deepening financial inclusion in the country. Fuliza enriches our mobile financial services portfolio further fulfilling our promise to always provide our customers with relevant products and services that meet them at their point of need. We are glad to partner with Huawei in bringing this commitment to life.”

Michael Joseph speaking
Michael Joseph speaking in a file interview

Fuliza is empowered by the Huawei Mobile Money Finance Overdraft Platform which allows design, development and deployment of innovate finance products. This platform was created to enable credit overdraft facilities in multiple payment scenarios in a highly secure and stable way.

Over the years, Huawei has been working with Safaricom in improving its mobile financial services and developing new products, especially for loans and savings which can bring many benefits to individuals but also to SMEs to help grow their businesses.

David Chen, Director of Marketing & Solution Sales for Huawei Southern Africa Region said: “Financial services requires security and stability. These two elements are in the DNA of all Huawei’s ICT solutions. We have focused on building a world-class application programming interface (API) to enable the local ICT ecosystem to tap into M-PESA to serve the needs of our client for business success and nurture the digital economy from a macro perspective.”

Huawei_Standard_logo
Huawei_Standard_logo

AfricaCom is Africa’s biggest telecoms and technology event which takes place annually in Cape Town, South Africa. This year, during this 3-day event Huawei showcased its end-to-end 5G ability, facilitating the industry’s digital transformation through innovative tools, platforms and solutions and explored new opportunities that are emerging for the industry from these new technologies.

‘I ran Safaricom from a hospital bed’ – Michael Joseph reveals battle with cancer

Listed on the Nairobi Securities Exchange and with annual revenues in excess of KES 200 Billion, Safaricom invested KES 38 billion in infrastructure this year, providing over 93% of Kenya’s population with 4G and 3G coverage and providing 2G coverage to 96% of Kenyans. Safaricom has harnessed its proprietary fibre infrastructure to build a dedicated enterprise business, which provides managed I.T. services to clients in the East African region.

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Maina and Kingangi weigh in on Kibra by election

Posted on by Geoffrey Mbuthia

Maina and King’ang’i today morning joined many Kenyans in sending congratulatory messages to the winner of the Kibra by election.

 

Maina-Kageni
Maina-Kageni

Jubilees Mariga lost to ODM’s Okoth, in a hotly contested by election.

Kenyans in awe after Mariga concedes Kibra race to Imran

The duo also spoke about the embarrassing scene where Boni Khalwale was photographed picking up stones while in a confrontation with voters from Kibra.

Boni Khalwale
Boni Khalwale

Maina and King’ang’i were appalled and said as much. ‘Should I get a stone for you? Tit for tat. A whole doctor! A whole senator!’ King’ang’i said.

They concluded the early morning talk by praising the mature way in which Mariga had handled his defeat to Imran. Mr. Kageni said that despite the fact that Mariga was leading at some point in the voting he was still mature enough to concede when he realised he couldn’t win.

Mariga
Mariga

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R Jay’s company projected to make over Sh20b in 2020

Posted on by Geoffrey Mbuthia

Everyone remembers Ray J when they think about his infamous intimate tape with Kim Kardashian, forgetting that the man had an ‘admirable’ music career with some notable hits.

I want 7 more kids with Kim Kardashian – Father of 4, Kanye West says

But people might want to take note of the R and B singer. He has been making money moves! The man is expected to secure a hefty bag in 2020 thanks to his bike-sharing company ScootEbike.

RayJ with the bikes
The singer with the bikes
Back in January 2019, LOOPShare, a micro-mobility and ride-sharing company focused on sustainable urban transportation, announced that it entered into an Asset Purchase Agreement with Raytroniks Corporation to acquire the ‘Scoot-E’ brand.
Ray J ended up walking away with about $34 million (Sh.3.4 billion)  and over 18 million common shares in LOOPShare.
The singer is making that money
Ray J doing well financially

ScootEbike/Loopshare scooters will hit the market in early 2020 offering to provide users with the ability to use advanced telematics and digital dashboard services unlike any other bike-sharing company in the world.

The singer at a board meeting
Ray J at a board meeting

This can potentially be a billion-dollar company in 2 years if it all goes as planned. Upon closing of the Raytroniks transaction (the “Transaction”) LOOP received several benefits including: Acquisition of a recognized brand in the electric transportation industry, increased visibility in the global micro-mobility and ride-sharing industry with access to expertise and vision of a successful tech-entrepreneur such as Ray J.

Ray J doing well financially 1

LOOP has the potential to surpass the success of scooter-share company Bird, which stunned the transportation industry by achieving a billion-dollar valuation faster than any company in history.

Ray J posing
Ray J posing

Could it be possible that Ray J will be the first R&B singer to reach 1 billion dollars in revenue?  Only time will tell. But 200 million is a great start!

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Michael Joseph reveals reason company chose Peter Ndegwa

Posted on by Geoffrey Mbuthia

Safaricom CEO Michael Joseph who has been with the company since its inception has given the reason the board decided to hire Peter Ndegwa as the man to take over from the late Bob Collymore.

Speaking during an interview with Citizen TV’s Yvonne Okwara, Mr. Joseph played down the selection to enforced pressures from vested parties.

Peter Ndegwa
Peter Ndegwa

‘There always was pressure that we should have a Kenyan. Why not a Kenyan. Some asked why we should have a Kenyan while others asked why not pick the best person for the job,’ he said.

‘I wouldn’t say the board gave in to demands. Personally, it’s the right thing to do. After 19 years, a Kenyan should be running Safaricom. The appointment is just a natural progression more than anything else,’ he added.

Michael Joseph broke down in tears reading poem for Bob Collymore

However, the legendary CEO admitted to pockets of pressure in the extended succession process which dates back nearly 12 months. The replacement process kicked off months before the death of Bob Collymore on July 1st.

Bob-Collymore
Bob-Collymore

Peter Ndegwa, a Kenyan with an illustrious multinational exposure emerged as seemingly the middle-ground choice in appeasing the interests of all concerned parties including those of Vodacom which has historically dictated leadership at the firm.
Mr. Ndegwa will have the immediate task of pushing Safaricom back in-line to respond to consumer dissatisfaction as mirrored in the most recent public uproar on opaque service delivery.

Michael Joseph speaking in a panel
Michael Joseph speaking in a panel

Michael Joseph even admitted to this saying, ‘Because we have been so successful, we have tended to not listen to our customers as we become big, fat and happy. To some extent we have moved away from our customers and lost touch,’ Mr. Joseph said.

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Uhuru Kenyatta’s watch costs twice as much as a 2019 Range Rover!

Posted on by Geoffrey Mbuthia

Uhuru Kenyatta is not only the 4th president of Kenya. He is also the son of extreme wealth being the son of Kenya’s first president, Jomo Kenyatta.

Marriage magic! From Uhuru to Raila, politicians married for over 25 years

The Kenyatta family is probably the wealthiest family in Kenya, a claim that they neither will confirm nor deny. But the lives they live tell a story of a family that sh!ts and eats money! Hehehe!

President Uhuru Kenyatta on his wedding day-
President Uhuru Kenyatta on his wedding day-

Our president was recently spotted donning a 2016 A.Lange and Sohne datograph perpetual tourbillon. The description of the watch according to the their website says;

This model was introduced in 2016. The dial is crafted from solid silver and graced with solid-gold appliques and hour markers. The hands are made of rhodiumed gold and blued steel. The hour and minute hands, as well as the hour markers at 3, 6, 9, and 12 o’clock, are luminous.

alangesoehne-datograph-perpetual-tourbillon-740036-platin-1466855-1904x1428-lg
alangesoehne-datograph-perpetual-tourbillon-740036-platin-1466855-1904×1428-lg

The recommended retail price is 298.000 € – That is Sh. 34,516,609! The 2019 Range Rover’s base price sits right around $89,000 (Sh.9,239,090.00), making it one of the most expensive luxury large SUVs. Things are even more pronounced at the high end of the lineup, where the SVAutobiography Dynamic trim sports a starting price of about $177,000 (Sh.18,374,370).

alangesoehne-datograph-perpetual-tourbillon-740036-platin-1466851-1904x1428-lg
alangesoehne-datograph-perpetual-tourbillon-740036-platin-1466851-1904×1428-lg

This isn’t the first time that our humble president has been spotted wearing such an expensive time-piece. While just one of Uhuru’s watch costs as much as buying a plot developing it, most Kenyans can only afford to look at the timepieces through internet images.

One of Uhuru's watches
One of Uhuru’s watches
Uhuru has been spotted wearing the Sh.3.8 million Audemars Piguet Royal Oak’s and also a Patek Philippe Aquanaut Collection watch which costs Sh3.3 million.
One of Uhuru's watches
One of Uhuru’s watches
And not to mention the many Rolex watches that grace the president’s hands. Clearly, our Head-of-State has an affinity for watches. Not just any watch…expensive watches!
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Who was she!? Sportpesa CEO reveals his very ‘first love’

Posted on by Geoffrey Mbuthia

SpoSportpesa CEO Captain Ronald Karauri is a man whose life I envy. No lies. The Sportpesa CEO might have had a tough year with his company falling foul of some government regulations this year but his life is still attractive.

What’s better than this TBT of Sportpesa CEO Ronald Karauri?

The man who is known to have lavish tastes is well-known but even a man like him still has some first loves, things that might not cost an arm and leg (I am talking about a billionaires perspective. Like I know!) that still draws nostalgia from him.

Ronald Karauri at the Grand Canyon
Ronald Karauri at the Grand Canyon

On Thursday, being a Throwback Thursday TBT, Karauri went back in time to his very first love, a Mitsubishi Lancer Evo VII.

‘My first love ❤️ #TBT.’

Sportpesa CEO, Ronald Karauri car
Ronald Karauri first love

The businessman captioned an image of the silver beast, registration number KAW 777U.

One of Karauri’s expensive hobbies is, of course, driving and buying high-end cars. He is also rumored to own his dream car (in 2018), a Bentley Continental GT Speed, a Rolls-Royce and others. Karauri’s lavish parking lot now houses a BMW 3 series and a Mercedes Maybach S600. Even former Classic105 host agreed with him writing, EVo 7!!!my favorite car to date.

Ronald Karauri at the Grand Canyon
Ronald Karauri at the Grand Canyon

An Evolution VII was used on the film 2 Fast 2 Furious as the car driven by Paul Walker’s character. He drove a yellow Evolution 7 which was lightly modified performance-wise but heavily modified when it came to the aesthetics.

Paul Walker walking to the EvoVII
Paul Walker walking to the EvoVII

However, one of the producers claimed that they used a 2002 Mitsubishi Lancer O.Z. Rally edition instead of an Evo as the car used for production and stunt scenes

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