Battle: Dar es Salaam vs Nairobi

[game over]

Continue menstruating with Kenyan politics while living under a maguFOOLi made dictatorshipView attachment 1886549

Magufuli is dead, why are still having wet dreams of him?

 

[Mashashola]

Magufuli is dead, why are still having wet dreams of him?

Danganyikans are stupid. That fool killed himself via corona for being a fool. Dead men tell no tales they only rot.
Kumbuka dawa ya Madagascar ilioendewa na ndege [emoji23][emoji23]. Danganyikans you had such a stupid president.

 

[Sama boy 255]

alafu kuna jamaa flani rafiki yangu, tuko naye hapa tu nbi, mama tz na babake mkenya, kisha ni citizen wa both countries, lakini hataki hata kuhusishwa na tz. na kwamba eti yee ni mkenyareé na atambui tz 🤔🤔 yatafakari hayo

Tanzania hatuna Sheria ya uraia pacha, huyo anakudanganya na story za vijiweni

 

[game over]

Danganyikans are stupid. That fool killed himself via corona for being a fool. Dead men tell no tales they only rot.
Kumbuka dawa ya Madagascar ilioendewa na ndege [emoji23][emoji23]. Danganyikans you had such a stupid president.

what I wonder is how you can’t stop dreaming of him even after his death. Mimba aliyokuachia Mwendazake ni ya mapacha

 

[coodip1]

What about debt to GDP ratio kenya 86% [emoji38]

Afanye calculations nani anabaki na hela nyingi ya kuspend kwenye miradi ya maendeleo. Hapo utapata jibu zuri tuu kwanini mmoja anaweza kufanya miradi ya maendeleo kwa fedha za ndani lakini mwingine hawezi.

 

[coodip1]

Tanzania hatuna Sheria ya uraia pacha, huyo anakudanganya na story za vijiweni

Na mama wa tz akizaa na foreigner sheria ya tz haomtambui kama ni mtz bali inamtambua kama raia wa nchi aliyotoka baba yake

 

[Mashashola]

what I wonder is how you can’t stop dreaming of him even after his death. Mimba aliyokuachia Mwendazake ni ya mapacha

That fools death showed me that if you are stupid even presidential security can not come between you and death.

Nigga died such a disgraceful death and is now buried in a cowshed made of mabati somewhere in a remote village in chato. What a waste of life

 

[NDINDA]

Unajua unaingia kwenye mada hutoweza [emoji2]
Sitaki nikuabishe maana Sisi tunaijua Nairobi wewe DSM huaga unaisikia kwa heshima wengine nimeona
Niache kupost picha[emoji2]

Mkuu endeleeeeaaaaa [emoji1787]

 

[Don YF]

Wengine wakikomaa na hadithi za vijiweni, young Kenyans are busy...,​

Twins eye cut of billions in Kenyan, Asian commerce​

TUESDAY AUGUST 10 2021

Wapi Pay co-founder Paul Ndichu. PHOTO | DIANA NGILA

Wapi Pay, a Kenyan digital payments start-up, has set sights on a share of more than Sh600 billion trade between Kenya and Asian countries such as China and India after a successful cash call.

The fintech start-up, co-founded in 2019 by twins Eddie and Paul Ndichu, last week announced it had raised Sh239.36 million ($2.2 million) from venture capitals, led by MSA Capital of China.

The firm, which is licensed in Singapore, has set up a cross-border payment platform it says will enable traders in Africa pay suppliers in key Asian markets such as China, India directly from bank accounts or mobile money wallets.

It, however, requires the go-ahead from the Central Bank of Kenya to start operations in Kenya under the Money Remittances Regulations, 2013, which, among other conditions, require a licencee to maintain a minimum core capital of Sh20 million.

“Right now we are operating as a Singapore-licensed entity, but it’s important for us to have our roots in African markets,” Wapi Pay chief executive Eddie Ndichu told the Business Daily.

“We have organised our processes and operations, and we are expecting our letter of intent from Central Bank of Kenya this month. We have gotten our investment because our core capital is ready. We are literally waiting to switch on this month.”

Besides Kenya, Wapi Pay is seeking authorisations to operate remittances services in other key African countries such as Ethiopia, Nigeria, Ghana, Zimbabwe, Zambia and Egypt.

A considerable share of the cash raised will be spend on paying for remittances licences in the targeted African countries, besides enhancing investment in technology and expand its digital payment product suit.

Opaque banking model

“The premise for remittances to Kenya and Africa is largely inbound for sustenance of families back home, but our focus is on outbound model largely for trade. We want to digitise trade payments for traders and amongst the corridors that Africa trades with 95 percent is Asia,” says Mr Ndichu, a former manager for digital financial services at Kenya’s leading banks, including KCB, SBM Bank Kenya (formerly Chase Bank) and Standard Chartered Bank.

“Today if you want to make payments for goods and services in Asia, you will rely on opaque banking model where you will fill out a form in a bank branch and use Swift (Society for Worldwide Interbank Financial Telecommunication) to process your transaction and at the back of that is a correspondence and representative banking model.”

Asian countries such as China, India and Japan account for than 40 percent of the imports into Kenya, making the region largest trading corridor for in-bound merchandise.

Imports from China, for instance, amounted to $3.39 billion (Sh369.16 billion under prevailing exchange rates) in 2020, about 23.55 percent of $14.41 billion (Sh1.57 trillion) total imports, according to provisional trade data obtained from the Kenya Revenue Authority (KRA) by the Central Bank of Kenya.

“If you walk to Nyamakima or Gikomba (popular markets), those traders selling plastics, used clothes, phone chargers or covers, have actually had to make a payment to China, Vietnam or Indonesia to get those goods,” the Wapi CEO says. “Today, they have to walk into a bank branch to process payments, but we are saying why can’t they do it from their mobile phone and pay their suppliers from their mobile wallets.”

Wapi Pay says it will aim to lower charges to three percent of transaction value and process payments within a day to grow its market share on a trade corridor where cost of remittance are as high as 15 percent and processing taking up to five days.

“We operate a funding and settlement model to facilitate real-time instructions called orders within our very own ecosystem. We earn commissions from order instructions and foreign exchange conversion,”Mr Ndichu said.

Partnerships

The upstart fintech says has inked partnerships with banks and digital payment platforms in 10 key markets in Asia, including China, India, Japan and Singapore, and is currently engaging tier-one banks in Kenya and mobile money providers such as Safaricom’s M-Pesa.

The firm targets to recruit 500,000 merchants and traders in Africa, with Kenya making up at least third of the traders, sign up 100,000 suppliers in Asian countries like China and India, and process payments in the upwards of $500 million (Sh54.40 billion) by end of 2022.

The $2.2 million (Sh239.36 million) pre-seed funding drive attracted investments from technology-focused MSA Capital of China and Kepple Africa Ventures.

They have joined Future Hub (where the Ndichus are partners), Gobi Ventures and Transsion Holding which were already on board.

 

[Lusematic]

Mkuu endeleeeeaaaaa [emoji1787]

ashushe mambo kama kawaida

 

[Mashashola]

 

[Mashashola]

 

[Mashashola]

 

[Don YF]

African CBD..shaghala baghla..
Uchochoroni fc[emoji1787][emoji1787]ongezeni wakenya wenzanguView attachment 1886648

Mambo ya Dar tulimaliza kitambo, refer way back, case was closed, kazi yake iliisha, wamebakia wakitapatapa tu wajiliwaze, wacha wangoje SGR ya umeme angalau ipunguze maumivu..,

 

[Lusematic]

Mambo ya Dar tulimaliza kitambo, refer way back, case was closed, kazi yake iliisha, wamebakia wakitapatapa tu wajiliwaze, wacha wangoje SGR ya umeme angalau ipunguze maumivu..,

[emoji1787][emoji1787] endeleeni kufungua tu new multippe account,tutawafund masee

 

[kikihboy]

 

[toptorn]

Si walisema hawafi na njaa👇👇

gdpii ya makaratasi inaendelea kujifichua

 

[toptorn]

Doesnt matter if we still paying our debts

while starving

 

[NDINDA]

Levels

 

[babayao255]

[emoji23][emoji23][emoji23]



Kenya has lost footing in its main export market in Uganda, losing out to Tanzania in the wake of long-drawn trade feuds between Nairobi and Kampala.

Tanzania beats Kenya in Uganda’s export market

Kenya has lost footing in its main export market in Uganda, losing out to Tanzania in the wake of long-drawn trade feuds between Nairobi and Kampala.

www.businessdailyafrica.com