Tech firms are struggling nimesikia wanaichi group kutakua na retrenchment…
fuck
F**k. I have two friends working there I hope they survived the axe. Wueh
navile nang’ang’ana na coding hoping to get a job
How competitive are these tech firms in the world arena
sad…kuna mtu atakuwa jobless na amekuwa na job…
Rwanda has managed to convince these guys to stay… By lowering operations cost…
Not all. Kina Tala, Branch and other loan sharks are doing very well.
It just depends on the business model. Andela’s half baked engineers are not globally competitive at all at the cost.
@deorro na kujifanya techy sasa ni jobless:D…inexperienced Engineers are not competitive
The ubiquitousness of these fin tech companies is evidence that cash is in short supply hence very expensive. Why isn’t Dr Njoroge reining them in? People are paying upto 500% a year interest on small loans, it’s crazy.
Ati they are not banks. There was a report on the most expensive loans and turns out Okoa Stima which is a partnership btn Safaricom and KPLC is the most expensive loan in the country.
Fuliza has already lent out Kshs 81bn barely a year after it’s inception.
People are paying upto 500%
Huh?Where did you get this information from…
Turns out Tala have shut down Tanzania operations due to legal reasons. Seems Magufuli is getting ahead of this scourge.
In Kenya, the president’s family are the king of payday loans since CBA powers Mshwari which in essence is a predatory interest rate product
Yes. It’s a ticking time bob. People are being listed on CRB for small loans they have paid 4-5 times over. Consider the fact that owners of these companies are wealthy Silicon Valley investors specifically targeting poor African countries with little financial industry oversight. There are over 160 Fin tech companies in Kenya alone!
George Ombelli, a salesman for a company importing bicycles who also owns a hair salon and cosmetics shop with his wife, has borrowed simultaneously from four providers over the past year.
He took small loans from two Silicon Valley-backed U.S. fintech firms, Branch and Tala, to see what rates he would get, as well as from a new mobile app launched by Barclays Kenya in March and a business loan from Kenya’s Equity Bank.
Citing a slowdown in his business due to elections-related political turmoil last year, Ombelli said he has fallen behind on some of his payments. He fears he will be reported to one of Kenya’s three credit bureaux, jeopardizing his chances of being able to borrow more to grow his business.
“I’ve realized having too many loans is a problem,” the 38-year-old father of three said in an interview in a coffee shop in Nairobi’s business district.
He is not alone. In the last three years, 2.7 million people out of a population of around 45 million have been negatively listed on Kenya’s Credit Reference Bureaux, according to a study by Microsave, a consultancy which advises lenders on sustainable financial services.
For 400,000 of them, it was for an amount less than two dollars.
This is a sad day for young Africans. I was a fan of Andela, their model was perfectly suited for the continent. They didn’t need much government intervention and they could give the best and the brightest a fighting chance. Basically ticked all the boxes in my book.
Companies prefer senior developers. That’s basically it. They want folks who can hit the ground running and don’t require much hand holding. How do you ensure that in a 3 - 6 month long program? It’s quite difficult.
you sound childish man
Look at your handle name and see who is childish 
Hiyo ndiyo shida ya affirmative action kujaza watu bure kwa kampuni while skilled devs Wana hustle online
Kenyan economy has drastically shrunk but hamtambiwa