SAFARICOM MPESA WONDER (mobile money platform). About seven years ago, safaricom a telecom company in Kenya introduced new concept to the kenyan market, the idea was that of sending and receiving money using mobile with sim card of safaricom.Many years later kenyas google as realy developed into amazing technological instrument that kenyans can not live without. today amount of money that is transmitted through Mpesa in a day are more than that of western union. out of 40million kenyans 17million have an Mpesa. You can use your Mpesa to pay your bills purchase tickets änd goods. Banks in the beggining feared that mpesa would run them out of business, but after analysing the model it then they realised they were the biggest beneficiaries of mpesa. Mpesa allows it customers to deposit and withdraw cash from there banks, not only they can access there account they held with banks. Today if you visit the most rural part were infrastracture is poor the only thing you will not fail see is an Mpesa shop. unlike other platforms which are not safe Mpesa have got a minimal cases of fraud

Official Google Blog: In Nashville, the sweet sound of entrepreneurship

Official Google Blog: In Nashville, the sweet sound of entrepreneurship

Bankelele: Open Data and African Banking

Bankelele: Open Data and African Banking

Standard and Poor`s downrades Greek Debt

Rating agency standard and poor`s has classified Greek debt as an ``selective default``. this follows the deal that was attached to the dabt by the creditors.S&P says the terms of the deal triggered the latest downgrading.the agency had already classified the debt as `junk`.but the firm indicaded that it would possibly raise its ratings when the debt exchange after it has assesed it.

The Nation of SACCOs

Saving and credit coorperative societies(SACCOs) äre associations of people who have come together with common goals geared at improving their livelihood economically.kenyan saccos are ranked highly globaly positioned at number one in Africa. they have almost 6000 registered saccos in kenya which they operate under FOSA(they accepted the depositing of funds).majority of members of saccos are farmers and teachers .it is formed through coming together of groups with common interest.Sacco members do not need stringent conditions like having a credit history to join or to access credit unlike banks. CHALLANGES FACING SACCOS 1.low uptake of information technology 2.they have low level of professional skills. 3.they have weak governance. 4.stive competition from banks that view them as competitors. Saccos are among key pillars that are drive the economy of kenya its emboded into vision 2030.the vision that want to see kenya as developed country by the year 2030 .

How to invest in government securities

There are several types of government securities available for investment, they are available in primary markets and secondary markets and each one of them is used by different kind of investors;
EXAMPLE OF GOVERNMENT SECURITIES
1.TREASURY BILLS
this kind of bonds are the shortest government security available.there are no interest payment during the life time of the bond,interest are only received at the end.This is the avenue for your short time investment.
2.ZERO COUPON BONDS
coupon bond operates in the same manner as treasury bills, the payment of interest is made at end of the life time of bond.the only difference is that treasury bills as a shortest life time.
3.TREASURY BONDS
it as a maturity period of one year, the payment are made every six months.many economist use this bond to measure the performance of given country.when the demand is high then that economy is performing well but when demand is low it means that the economy is not in good shape
4.TREASURY NOTE
the maturity period of this bond start after ten years and onwards.this bond is usually used by pension and insurance companies.it is usually good for individual or organization that are looking for long term investment,payment are made after every six months.

Greece second bailout

Eurozone finance minister have agreed a second bailout for greece at talks held at Brussels. Under the agreement Greece will get loans of more than 130bn euros and have about of its 107bn debt written off.in return it must slush its debt from 160% to 120% of GDP within 2020, and accept a permanent EU economic monitoring mission.Private holders of Greek debt will take losses of 35.5% on the value of the bonds with the real loss as much as 70%.Also Greece will have to amend its constitution to give priority to debt repayment over the funding of government services.

Banking And Finance Home: Undrstanding the stock market

Banking And Finance Home: Undrstanding the stock market: Stock market is complex and hardly understood by many it is dynamic sector.before starting to invest at stock market you should look for eno...

Watered capital

Term used where successful company issues bonus shares and this tends to reduce the price and yield of all its shares though is does not affect the return to original shareholders