Posts

Image
Becoming a Successful Online Entrepreneur in Easy Steps                            The truth is, anyone can start on the path of entrepreneurship, but it becomes really overwhelming to think about leaving the safety of a full-time job with health insurance and a salary to begin a start up of their own. Establishing and running a successful startup isn't all that different from doing it with traditional brick and mortar company. Most of the rules about good business apply in both cases. As a matter of fact, most of the experience you may have in running a traditional company can help you with your internet startup as well.  Here we take a look at the steps you need to take to be a successful internet entrepreneur. #1. Understand your "why" Before you begin down your path of online entrepreneurship, you need to understand why you're looking to start your own business in the first place. Are you looking for freedom? A passive income lifestyle? Earning potential? Do you s

Top 4 Countries Driving Bitcoin Adoption in Africa

Image
  By The Kenyan Wall Street Bitcoin is a virtual currency created in 2009—and has evolved to become one of the most widely used cryptocurrencies over the years. In recent times, Africa has witnessed greater cryptocurrency adoption with a massive increase in trading volumes which has driven the exponential growth for trading platforms. Economic hardships such as high inflation rates and volatile local currencies, capital controls, and underdeveloped banking infrastructure has created a fertile ground for the rise in virtual currencies. In light of the growing popularity of digital currencies, most African countries still haven’t adopted a positive regulatory framework to support crypto products. Let us look at some of the leading countries in the adoption of cryptocurrencies. Bitcoin Trading in Kenya A number of Kenyan businesses are already accepting bitcoin payments despite several warnings issued by the Central Bank of Kenya in regard to the volatile nature of cryptocu

9 Towns in Kenya to Have Safaricom 5G Network by End Of 2021

Image
  Kenya’s biggest telecommunications company – Safaricom is targeting to increase the number of its customers who have access to the superfast services available through 5G network by setting up more sites by the end of 2021. Safaricom launched the 5G network in March – at the time it had only 15 sites – but it now wants to increase that number by over 17 times – to be 250 sites. The rise in 5G network site will mean more towns in the country will have the superfast services that come with the fifth-generation (5G) network. According to Business Daily , the increase in 5G network sites will also help Safaricom tap into the ever-expanding mobile internet users in the country – by availing the service to workplaces, homes, individuals as well as enterprises. “When we started, we had about 15 sites where we have had the signal as we speak. This is expected to go up to about 100-250 sites by the end of the year,” says Safaricom Chief Finance Officer Dilip Pal. In March 2021, Safari

624 Digital Loan Firms Barred From Sharing Client Data with CRBs

Image
  The Central Bank of Kenya (CBK) locked out 624 digital lenders and credit-only providers from sharing information on loan payments and defaults last year in the wake of customer complaints. Fresh data shows that Kenya had 1,994 third-party data providers allowed to share borrowers’ loan defaults and payments with Credit Reference Bureaus (CRBs), a 23.8 percent drop from 2,618 firms licensed the previous year. The banking regulator attributed the fall to the ban, which followed an outcry over widespread misuse of the credit information sharing (CIS) mechanism. CRBs are allowed to contact third parties including digital lenders for information on loan payments and defaults for onward sharing to banks, microfinance institutions, and SACCOs. “The decline in numbers follows CBK withdrawal on April 14, 2020, of 491 approvals granted to unregulated digital (mobile-based) and credit-only lenders as third-party credit information providers to CRBs,” the banking regulator says in its Sup
Image
 Tips on How to Effectively Use Social Media It's easy to set up a Facebook page and begin posting, but that doesn't mean it's easy to effectively use social media. You ca use social media for connecting and interacting with likeminded people. The  right use of Social Media is extremely helpful for businesses as well. It helps them to target a number of prospects and appreciates huge number base. Most of the people spend a lot of time on the internet in order to properly research, analyze and then create the perfect plan that will help you reach many prospects and customers in a lot less time. In order to take advantage of social media's power to reach and motivate large audiences, be strategic and follow these tips:- #1. Plan Create clear goals and objectives with measures to track progress. Connect your social media goals to your organizational goals. Are you hoping to increase attendance at events? Use Facebook and Twitter to build excitement before events and sustai

Why Central Bank Digital Currency Might Disrupt Financial Systems

Image
  The increased adoption pace of digital technologies is forcing countries to adapt Central Bank Digital Currencies (CBDCs) . This has made many decision-makers set up mechanisms for change in the past five months. A move that will completely disrupt the financial systems. A special report by Fitch Rating insinuates that the rise of private digital payment platforms with a strong network effect could “create oligopolies among payment-system providers.” Private companies could end up controlling so much of individual personal data, a concern that has been raised within the academic circles. Indeed, some governments are also not comfortable with the power of data analytic that these platforms are building around personal data. The US, for example, belatedly stopped Facebook from launching its own cryptocurrency , Libra, for fear that it could undermine the importance of the dollar in world trade. China, too, had its own problems with Alibaba’s Ant Group and Ten Cent’s WeChat Pa

List of 41 Types of Marketing You Need To Know

Image
Marketing is an old profession that has evolved with time to be where it is today. By the time digital marketing was born – that is in the 1990s, email was the age of most college graduates; but since then, it has evolved into many types – some of which are more effective and relevant than others. For you to be able to make money online effectively on platforms like First and FastCommunication System (FnFcom) , you will need to use one or more of these marketing types. -       Traditional Marketing -       Outbound marketing -       Inbound Marketing -       Digital Marketing -       Search Engine Marketing -       Content Marketing -       Social Media Marketing -       Video Marketing -       Voice Marketing -       Email Marketing -       Conversational Marketing -       Buzz marketing -       Influencer Marketing -       Acquisition Marketing -       Contextual Marketing -       Personalized Marketing -       Brand Marketing -       Stealth