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Betty Kyallo counts losses after closing business over Covid-19, sends plea to the government

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In the wake of the novel Coronavirus, government has instructed that business and any other ventures that are not critically essential as the country grapples to contain the virus, should be shut indefinitely.

This has roped in businesses like salons, the gym, a couple of organizations asking employees to work from home as well as learning institutions at large.

K24 journalist, Betty Kyallo, who doubles up as an entrepreneur was forced to close down shop as per the Government’s directive until the notice is lifted.

Kenyan journalist-cum-entrepreneur, Betty Kyallo

Flair by Betty is a boutique salon that offers hair, beauty, spa and barber services and is located at FCB Mihrab building, Lenana road, Kilimani.

Her public announcement to her clients read:

It is indeed a difficult time for our beautiful country, continent and the world but we pray and hope for the best in the coming days. I believe that the health and well-being of our clients and staff is supreme and should be jealously guarded and with that in mind, we have decided to suspend operations as per Government guidance until we get clearance that business can continue as usual.

Flair by Betty CEO< Betty Kyallo

Closing off:

We value you and are with you at heart.

Best wishes and positive thoughts.

Fate

However, while having the interests of her clients at heart, she is worried about her business, having in mind rent and taxes will need to get paid as agreed.

I have decided to suspend services at Flair and it is because I completely understand the danger we all are in and I appreciate that we all have a responsibility as much as we are all going to be affected, I cannot even imagine how it will be without opening the salon.

Businesswoman, Betty Kyallo

While emphasizing on the importance of staying safe and staying at home, while hoping that the crisis ends soonest possible.

There is a bigger responsibility, we need to look at and appreciate our clients we hope this thing goes away soon. But most importantly we should stay safe. Stay at home. Do the right thing. It is rough. This thing is bigger than us, we need our health, it is bigger than the money we can get from our businesses.

Betty however pleads with the government to consider businesses and with the losses they are counting – issues like rent and taxes.

I hope that the government is also going to support businesses and people who rely on day to day casual jobs to make a living. I pray they can look into this like other countries have done because it is important not to forget that people make a living every day. They make money every day 500 bob, 200 bob, 1000 bob, to be able to feed their family.

Betty Kyallo

Her worry lies more with casual business people who rely on income on a daily basis and nothing like a paycheque at the end of the month.

I hope the government is also going to consider that we are not making any money, to pay rent and tax and all these things… Therefore, I pray there is a bigger plan by government to help businesses and also help the day-to-day people who rely on day-to-day movement to make a living. It is very important for them to think about us, more than ever. Right now.

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By Ghafla

READ ALSO:   Ken Mijungu blasts Betty Kyallo for ‘painting Dennis Okari as irresponsible dad’
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Jiweke Tavern owner collapses, dies in his house

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Jiweke Tavern Restaurant owner John Keige has died.

The city tycoon collapsed and died outside outside his home in Nyari Estate, Nairobi.

He was quickly rushed to Nairobi Hospital where he was pronounced dead on arrival.

According to his domestic employees, Keige had just completed taking lunch, and decided to take a walk but collapsed moments after getting out of his house.

“Boss had just finished having lunch when he decided to go jogging. A few steps outside the gate, he collapsed,” One of his workers told The Standard.

Confirming the businessman’s sudden death, Keige’s sister Elizabeth Keige said his brother died on Tuesday afternoon, July 7 and he will be laid to rest on Tuesday, July 14.

He will be burried at a private funeral at the family rural home at Muruka in Kandara, Murang’a county.

Rumours had it that the tycoon died from COVID-19 but his doctor dismissed the claims saying he died of a heart attack.

Jiweke Tavern is located off Ngong Road in Nairobi.

In April, the entertainment joint made headlines after it reportedly refused to host a group of atheists on Easter Weekend.

The club is hailed for its consistent good service provision from the bartender to the bouncers.

READ ALSO:   VIDEO: Betty Kyallo told off by netizens for featuring in naughty video
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You can own this Bugatti La Voiture Noire car for only $19m or Ksh1.9B

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Most expensive cars in the world – what are they and how much do they cost? We’ve gathered a collection from 10 most expensive autos all over the world – from Bugatti Chiron with price tag $2,7 million to Bugatti эLa Voiture Noireэ for $19 million. Some of them are impossible to buy even you have required amount of money. LKat’s begin with Bugatti.

Bugatti has unveiled the “La Voiture Noire” translated as “the black car” made entirely from carbon fiber. The first one of the Limited Edition car has been sold for $19 million to Ferdinand Piech, the owner of VW group.

Designed by Salome Etienne, it is inspired by its predecessors Veyron and Chiron and the pre-war Type 57SC Atlantic.

Powered by an 8 liter, 16 cylinder engine that churns out a jaw-dropping 1,500 HP the car should be able to reach above 450 km/h. Bugatti has refused to reveal its performance specifications.

The front is dominated by the trademark horseshoe-shaped Bugatti grill and blends into an aerodynamically swept-back design with sloping windscreen and wrap-around tail lamps. Also be sure to check best free car website templates and themes.

Bugatti La Voiture Noire

Bugatti La Voiture Noire

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READ ALSO:   ‘…time is out just know I did my best,’ says Eric Njoka amid sacking rumours at K24 TV
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Smell of money: The millionaire chamas of Nairobi’s Marikiti market

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Wakulima Market or ‘Marikiti’ is one large pipeline of food to residents of Nairobi. It is noisy, dirty and has always been busy since opening shop in 1967. It’s not the kind of place anyone would imagine is a hub of millionaires.

But Maritiki, Kikuyu corruption for ‘market’,  has churned out millionaires in real coin on the back of trading in potatoes, tomatoes, hoho, nduma, nguace, maize, beans and assorted fruits. For starters, traders in the chaotic market have a collective business turnover of between Sh100 million and Sh500 million in a day! That’s before deduction of operating costs, according to Cyrus Kaguta Githaiga, the chair of Marikiti market  Such money can attract dark forces — which is why there are daily  interdenominational fellowship sessions to fight juju. Though initially meant for 300 traders, the market now serves over 20, 000 people, comprising farmers, wholesalers, brokers, retailers, vendors, handcart pushers and the kua – the carriers on whose backs and shoulders sacks reach different bus stops en-route to the soko and then your plate.

The profit margins are eye-watering. A trader can go home with anything between Sh10,000and to Sh50,000 in one day. The bulk of traders are members of the Wakulima Market Traders Association Group, the chama which collectively run different businesses, including trucks, parcels of land in Thika, Juja and Ruai, besides owning several buildings around Kenya. There are also other chamas, mostly operated by women since the 1970s when, like all chamas, they started with dishing out money merry-go-round style in the 1970s. Some early members died and their children inherited the shares.

READ ALSO:   VIDEO: Betty Kyallo told off by netizens for featuring in naughty video

The contribution is mandatory and one is fined for failing to make a contribution in time. A normal group has between 10 to 20 members who contribute between Sh500 and Sh1,000 a week.

The high rollers are in a different league, as they contribute Sh10,000 or more daily. Faridah Oronga a trader at Marikiti says through the chama, “I have educated my children and made other investments. Our chama has bought parcels of land valued at millions of shillings. I will get my share the day we decide to dispose of the lands. We have also invested in lorries that transport goods to various parts of the country.” Faridah adds that besides business, the chama also serves as a social welfare group. Each member contributes Sh1,000 to a sick member and “it is a must to contribute. Those who fail to contribute will also not get any help when they are in need.

During burials, we hire a bus and select a few individuals to represent us. We don’t let our own to suffer. We live as a family.” Salome Wanjiru has been operating at Marikiti since 1997 and says that “we oil the economy,” besides making individual investments like buying land in Ruai.

She says most Nairobians perceive them as simple market women yet “we own several buildings” and money from the chama has boosted her “dairy and poultry farming business back in the village, and all my children have completed university.” The traders also have access to readily available loans. Margaret Muthoni, a trader, says they borrow small guaranteed loans in the morning and repay in the evening.

READ ALSO:   ‘She kept deteriorating,’ Betty Kyallo opens up about her daughter’s hospitalization

“I make enough to pay back the principal and keep the profit. The secret is to take advantage of the compounding interest.”

Women sell groceries at the Marikiti market in the morning. [File, Standard]

The market has 28 different sections with different products and thus, different chamas. Those dealing in potatoes and onions could for instance have their own chamas.

There are 20,000 non-registered and 8,000 registered members, but all groups fall under All Wakulima Market Traders Association with an elected chair.

Money collected by all the chamas easily oscillated between Sh100 million and Sh500 million in a day and Githaiga is proud: “We have created wealth and are successful. Most of us have built homes, own matatus and made investments worth millions of shillings using this concept. We realised that this initiative is a powerful tool, which has a lot of benefits.” Githaiga ensures all traders’ rights are respected, besides providing a conducive environment for working.

“We pushed for the closure of betting shops near the market because traders were becoming lazy and spent their earnings betting. Every day, we have a fellowship at 6am through Wakulima Interdenominational Pastors Welfare to fight juju,” he explained.

Githaiga says some of the biggest challenges is garbage disposal and “hawkers who create congestion on the roads adjacent to the market. Hawkers are good investors if they are managed well, but should be designated on less busy roads.”

READ ALSO:   ‘It was indeed the right choice…’ Betty Kyallo opens up

Githaiga wants the county government to look into, among others; the expansion of Marikiti besides, improving its drainage system, refuse disposal and recycling of garbage.

Other downsides are that “many people don’t like coming to the market because they say it is dirty and insecure.” He says that for the chama to be successful, 100 per cent integrity is a must and rules should be set in such a way that if someone breaches them, they are fined.

Discipline is key.” Stella adds that to understand table banking, one has to look at cooperatives as a bigger version of table banking with the difference being that they have “greater numbers and systems to control the numbers, but the bigger the number, the larger the complications.

However, they’re  regulated and you can save and borrow three times your savings and at friendly interest rates.” One problem with cooperatives is that shares are controlled as some put a cap on monthly contributions, besides resolutions being passed during an AGM.

By Ghaflaco.ke

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