Why Bitcoin mining could be a sure bet for Nairobians.
Road side maize seller in Nairobi |
If you are in Nairobi, chances are that you are looking for
a profitable side hustle that is not too much involving. Not too much involving
since you still need to keep your day job. You probably must have heard of Bitcoins and you are not sure if it is not another pyramid-like scheme that
will collapse with your heard earned money. I am here to make things clear.
As the Bitcoin and Blockchain craze take root in Nairobi, here is a simple explanation of the two.
Nairobi is a buzz with the words; "Bitcoin", and "blockchain". But many can't really figure out how the two are related or what exactly is a bitcoin. I went to the web to find the best explanation of the two and found Professor Shai Rubin's explanation.
Professor Rubin explains that Bitcoin is not blockchain. Bitcoin is a digital coin, whereas
blockchain is the technology that allows movement of digital coins from one
party to another. Digital currency is just one of the many applications of the block chain technology. Blockchain like any other new technology seeks to solve an existing problem. The following are the problems that blockchain seeks to solve;
Crowd Farm Africa - A Kenyan Social Enterprise to Watch
Crowd farm Africa is a Kenyan
startup that has found an innovative solution to farmers’ idle land, and the
desire to grow money without effort.
The firm brings together investors to put money in commercial farming projects on leased land. You give your money, and crowd farm uses it to run an agricultural project within a farming season. You get back your money plus profits but less an administration fee that is less than 10% of your investment. They also take 25% of the profits.
The firm brings together investors to put money in commercial farming projects on leased land. You give your money, and crowd farm uses it to run an agricultural project within a farming season. You get back your money plus profits but less an administration fee that is less than 10% of your investment. They also take 25% of the profits.
The unique selling point for
crowd farm Africa is that it uses conventional farming methods and has a strong
management structure.
This firm is expected to grow into a
multinational in a relatively short period.
Understanding the Nairobi securities exchange
The Nairobi securities exchange (The NSE), is the Kenya’s
market place for shares, bonds, unit trusts and other financial instruments. At
the NSE people buy and sell shares, bonds and other securities.
Trading at NSE is a viable venture; one can make big money
in a relatively short time, but again it is possible to loose huge sums in an
instant. To successfully trade on the NSE, you must understand how it works.
In this article, I explain how the NSE works, the terms used
and how successful investors make the buy or sell decisions.
Are you anxious about your career? These are the five things that you can do to turn the situation around.
The December 2016 holidays have been so far my most
enjoyable holidays. During this time, I did catch up with a lot of old friends.
One thing that I observed in our conversations is that a lot of people are
anxious about their careers. Job Vipi?
(How is work?) Someone would ask. The answer would be a long tirade of fears;
‘’there is talk of our company moving its operations to Zambia, some donors
have pulled out we don’t know what will happen, our firm is merging up with
this other firm some positions will be redundant ’’, the list is endless.
How can we plan so that the changing aspects of business or
economy present to us opportunities and not uncertainties?
The Harvard business review newsletter does offer some
insights; according to an article titled “developing a strategy for a life of
meaningful labor” by Brian Fetherstonehaugh, there are four things that one
needs to do.
1. Figure out the career stage that you are at.
There are three stages of a career, stage one is from when you start in your career to the late thirties. Here you learn different new things, you make a few wrong turns, and you get to know yourself. This stage should be a time of discovery. The second is from the late thirties to the fifties. This is the stage where you should find your sweet spot; the one thing that you do best, you enjoy doing and is of value to the world. Seek for jobs that utilize your sweet spot. The last stage is from the fifties onwards. In this stage you need a sustainable job, and one that has a pace that you can manage. A good career that fits this stage I would say is a university professor.
2. Take stock of your transferable skills.
Transferable skills are skills that are valuable to any organization. They can be grouped into two; meaningful experiences, and lasting relationships. Work to build this two. Jump into the ring and get experiences that are applicable to the evolving nature of your industry. In my time, long before Mr. Kibaki became the president of Kenya, one highly sought for skills were computer skills. The people who went to study basic computer applications in addition to their various diplomas scooped most of the Jobs that came up. Strong relationships are possibly the most important career fuel. Your mentors, critics and connections are a must for your career growth.
3. Evaluate your current work situation.
Are you having impact? Are you learning? Are you having fun? If you score low on this then you know you need to do something.
4. Spend your time wisely.
Time is a valuable resource in career development. Spend it on priorities. Priorities are those things that will have a big positive impact in your life.
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