Investment

What in Kenya can you invest in that you won’t get scammed? Apart from talent.

Invest in yourself. Invest in your health. Invest in your family.

You can get scammed anywhere in Kenya. However, there are many areas you can invest in and reap well. You only need to be careful and do due diligence whenever you are venturing into any field.

You’ve just said a lot of nothing to answer his question :smiley:

I have him general advice

:smiley: shifo hapo hapana

Kama unaogopa scam tafuta government securities like bonds… Assuming the regime sio scam pia like hii yetu that might oversee decline of the economy in the same time frame as it takes for your bond to mature. Otherwise invest in highly needed and fast moving commodities that people can’t afford to go without. I know this sounds vague, but businesses that serve an itch that needs to be scratched bad never go wrong (food, housing ata fuel if you can try your hand at a small independent petrol station on a busy highway without nearby petrol stations)… But you gotta do due diligence mbaya mbovu (80% research, 20% doing) and make sure you understand all angles and try to know EVERYTHING about what you invest in. You don’t want any nasty surprises when in the middle of your investment journey

Due diligence is tricky in Kenya due to corruption in govt institutions. The winner is always the highest briber.

Peana samples Sponsor

Shukran kwa hizi tactics, will put good use of them

Stolen from Zukabaga…

What’s the most sophisticated con have you ever experienced when buying or selling a car?

I once decided to help my friend sell his premio at 680. As usual, i posted it on a very common platform online and a suitor came calling. As they say, a person who thinks he has nothing to lose is just overconfident.

The suitor came to see the car, and he said its a must buy! . Tukajua ndio hio pesa ya kutesa imekam. He was about 55 years of age btw.
so he said he will have to rush to thika then atapitia akishika mútokaa around 2.

We waited, the guy didnt come. He however called and apologized around 4 and said kuna kapesa alikuwa anangoja wamempiga miti haikuweza kutoka. But since he works in a microfinance in Gatundu town. we can come tommorow to gatundu (tulikuwa juja so not a fuss) tumalize biz…

Ah, tukaona uyu ni gentleman bwanaaa, karibu tukule ile pesa tulikuwa nayo yote supper .
next morning, tukabeba premio na mkebe yangu tukafuatana kama chase cars vibaya sana destination Gatundu. music fullblast tunatesa kama mama wa kambo ati tumeendea pesa . btw due to our experience in selling cars, mimi nioshwe aje…aje sasa! haiwes!!! We went with two cars ndiyo turudi na yangu tukiwa na pesa kama saitan.

We reached Gatundu, and we called the guy, and he came…sema furaha ribo ribo…hapa sasa kijana anafanya hesabu vile atapewa 680 aendee ka sg5 apande bei ya mikebe kidogo.

The guy told us that the money is in a very popular sacco in Gatundu. so, since a sacco is not regulated by CBK. it may be complicated to send the funds to a bank, so apige tu withdraw atupee pesa sisi tupige safari.

Wueh.
so he checked the papers…akasema ziko safi!! nikasema mimi nibaki kwa jalopy wao waingie kwa teller apewe ganji akam. So i waited in the car and my guy and the buyer wakaingia banking hall. So as the buyer queued, kumbe its true he had 680 kwa account but still he had 680 bonoko kwa mfuko ya jacket. So when he reached to the teller, he called my friend and they were both there teller akipeana pesa na banking slip ikitoka. they even counted the money with the automatic counting machine (which doesnt count fake btw) na pesa ikakuwa safiii…

The mzee the buyer asked my friend, umeona ziko sawa? my friend confirmed ziko moto!!! ziko fine fine! So the mzee took the banking slip and the money (since he had withdrawn 700) twendee tukahesabu kwa gari tukimpea karatasi.
He put the legit money in the jacket pocket and ofcourse removed the fake ones na tukaenda kwa gari.

Wacha tuhesabu pesa…(we have no reason to doubt as we have seen akiwithdraw na ata ako na bankslip)… wacha tuhesabu pesa bonoko…hehe…tukaona zimefika… so we looked for a lawyer…akasign transfer na akaphotocopy na akastamp EVERY paper… logbook, BANKING SLIP, transfer form…everything! ata tukapiga kiselfie as a sign of happiness . kumbe ni mwosho mmoja.

So the mzee took the jalopy went his way… sisi tukaingia mkebe yangu tukaanza kurudi juja…my friend was so happy he came telling us stories! some real, some half true but some were stories of giants…i could tell.

Sisi kufika juja, jamaa akanigonga zangu 20k za kazi . and he told me to wait for him aingie supermarket anunulie mrembo ako kwa nyumba sijui ka red velvet . 5 minutes waiting nasikia jamaa screaming inside the supermarket. kijana anakula nyahunyo bwana kama mtu hana mask.

i rushed inside only to find alilipa and kumbe pesa ni fake! wueh thats where we knew kimeumana. We begged the attendant to just give us the fake thao we know what legal action to take. I weighed the situation and saw hapa kijana tumeoshwa roho safi and even reporting is just chasing a wild goose. so we rushed back to gatundu with all the money instact and reported there kwa polisi. the guy was called

HE CAME! WITH THE PREMIO KWANZA
akasema yeye alibuy kila kitu legit he even produced all papers including banking slip na akasema sisi lazima tukuwe vijana wakora sana. ati we are very mannerless and he was enroute to nyeri akarudi he said if we call him again for such nonesense atatu sue for defamation long story short kijana yangu hana gari hana pesa siku izi anatembea tu kama mifugo. na mrembo wa velvet alipata ameenda na gas . for real by the way. that was last year november mimi uyo mzee nilimvulia kofia.

From starters, is it idle money that you can invest and forget about, or is it money that you will be constantly needing to use? If it is idle, the best deal is get those 90,180 or 360 days CBK bonds which give you a return of roughly 8%, but you can’t access your funds before the period is over. Or get an established mutual funds company where the rates vary between different companies.
Another way to look at it is, what is currently in high demand but short supply? E.g. quality masks, cheaper sanitizers, etc.

:D:D:D:D

Wow, that’s some top level con right there. :smiley:

:D:D:D… paper trail ya chapaa ni muhimu when doing such transactions.

hunanga akili…ungepea like tu …kama slayQyeen ama mtoto wa malaya

Ehhh. Lakini mzee ni mjanja. They even went to a lawyer. :D:D:D. Huyo ni

Unakubali ROHO SAFI…

There was a paper trail … all done to exonerate and protect the seasoned conman in any court of law.

There was not paper trail on the money… the conman knew a bank transfer will nail him hence the reason he insisted on a cash payment.