In Kenya, there are plenty of get-rich-quick schemes; the latest is crypto Worldcoin, which the government has suspended. Despite numerous cases of people losing millions, the schemes keep on thriving. But do not be fooled by their promises of easy wealth—schemes like these hide giant risks, and most investors lose money.
Instead, spend your time learning how to build wealth, which requires you to make an investing plan and adopt a long-term mindset. Click here
The cooperative movement has played a significant role in Kenya’s socio-economic development since independence in 1963, when most began as agricultural marketing outfits, before expanding into credit, savings, and insurance in two decades to the 80s.
Cooperatives then gradually morphed into housing, transport, education, healthcare, manufacturing, and services, and by 2019, the mobilised savings in cooperatives from 14 million members was $6 billion in deposits or almost half of Kenya’s gross domestic product (GDP), according to the World Bank. Discover how co-operatives have changed Kenya 60 years on here Â
