It’s been widely covered by technology journalists, opinion writers, and bloggers. It’s Konza city, and this city will be at the centre of the “Silicon Savanna” concept - not so much location - that many have of Kenya at the moment. The real estate bubble is rather large already, and the booming ICT sector is fuelling it. KES 588 billion is an enormous sum to foot up for such an ambitious city.
Yet it just might work.
How a 20 something year old staying alone spends his/her money is different from how a 20 something year staying with their family or guardian spends their money. The former has more financial obligations; rent, food, utility bills, et al. This means we are looking at a 20 something year old who is making money and not giving 30% to rent, and a further 10% to utilities.
How best should such individuals manage their money?
The difference between a business that actively embraces suitable marketing practices and one that does not is easily evident. Again, it can make the difference between the success and the failure of a business, especially because marketing is an on-going business process. A well prepared and executed marketing strategy can accelerate business growth exponentially.
Hurricane Sandy might not have been the most powerful hurricane to hit the Americas (Central and North America), but it was after its own records. It was the largest hurricane by diameter, covering 1,800 kilometres. That’s the distance from Mombasa to Kigali, through Kampala, with 200 kilometres to spare, all under one storm.
Today's youth have largely been described as restless. Compared to the other generations that came before them, the millennial, as they are known, seem to always be on the move. Something they fondly refer to as hustling or the paper chase. A perpetual pursuit of financial success.
But money can't really be the epitome of human achievement, can it?
A common phenomenon in such enterprises is what business analysts call over-trading. Simply put, over-trading happens when a business tries to do too much too quickly with too little long term capital. In other words, over trading is a form of under-capitalization. In short, death by growth.
Kenya now has a clear cut anti-terrorism law. After the President’s recent assent to the Prevention of Terrorism Act 2012, the country has now been exonerated after having been named a non-cooperative country by the Financial Action Task Force. The new legislation is aimed at creating stringent punitive measures for the commission of acts of terrorism or for giving any form of support to terrorist groups.
Does it work?
Recently, I wanted to purchase some local music but the established music shops didn’t have some of the albums I wanted. I decided to check iTunes on my computer. We’re all familiar with apple’s iTunes; the software that is needed to sync iPhones, iPads and iPods. In it there’s a delightful feature called the “iTunes music store”. However, if you’re in Kenya, you’ll find only applications for iPhone, iPad and iPod.
There’s absolutely no music for purchase in the Kenya region.
Better yet what is Kenya’s economic policy? Policy according to, you guessed it, the internet, is a principle or rule to guide decisions and achieve rational outcomes. The second part of the definition is that policy is a statement of intent or a commitment to you and I, the voters. So an economic policy is a set of guidelines that shows the country how to make money and what to do with the money we’ve made.
But how will that help me get my turquoise heels?
There was a time when I wanted to own a computer so badly I came up with a 6 month saving plan. It didn’t work. Eventually I acquired one and it has gone a long way to helping me do a lot that would have been much harder without it. The people developing mobile applications do so using computers. Why, then, aren’t we hearing about campaigns to increase PC penetration, encourage use of fixed/terrestrial internet subscriptions?