 Ulaziki, kwa kansu nikani wa mwaziriko. Mwaziriko maha hafa wa hwaa maha mwenunutana, mahaa mwenunutana kwa kwa mwenunutana, mwenunutana kwa mwenunutana, mahaa mwenunutana. Sa kwa kwa mwenunutani seja tukisha yukita, kwa kwa mwenunutana wekiwa, nisa wazirikaan nanisintani. yuzawa hiazini hiwa mnda wajinama nawe ngaiefanya yuzawa hiaza wa mnda wajinama nawe amujon natasawe kwa wajinama kwa ila ngaibema atiwa kuwia Ya za mna십a ngaiva yo hana jataji kadu na mwata liye kyuye jugo wa ldoza k Benson tiza yuzawe kwa sihwapive nga jataja kwani mahenita ngaibminute ngaibunde business do not go beyond 100,000 monthly turnover. And that is the minimum requirement by banks. And therefore back in the day, venture capital was good because you'd get money from angel investors, you'd get money from people of goodwill to start your business. But today they're sharing a way, they're telling the youth to use the little they have to promote their businesses. So right now it's tough for the youth. The venture capital market is going down tremendously. Alright, for one to start an investment project rather, one of the key concerns is the capital now. Is the government able to give young people this capital to start these particular projects? Yeah, the government is in a position to finance, to give the youth growth funds, but the various agencies that the government has trusted to oversee policy implementations in terms of disbursement of this fund, there is a gross misappropriation of this fund. You get that agencies that I do not wish to mention their names on air, the money get leaked into pockets of the officials, the money is used in financing corrupt deals, therefore the deserving youth do not get the money. So yes, the government is in a position to, but the money is misappropriated largely. Alright, there are some investment platforms whereby you are only supposed to save a minimum of 3,000 sheddings. Is this pocket friendly to the young people of this nation bearing in mind that most of them are not employed? Well, the standards of living are short, basic commodities the pricing are short, and therefore monies like 3,000 sheddings in all honesty cannot compete, and normally youth cannot use it as a growth fund, because of the standard of living, products you see that now even in the supermarkets, you can't really use that money to get something tangible for the week, and therefore the shilling is continuing to depreciate, and really there has to be a policy review on the amount the youth can really use to invest. Centronomy, the other day I was putting it at 5,000 shillings, but again it sparked debate because it has been affected by things like betting. You get somebody like me has 5,000 shillings, so instead of looking on how to buy something maybe a bail of clothes and sell it at maybe 200 shillings profit, I use it to bet and it gets lost, so that is the tragedy of the contemporary youth. Alright, for you it's we should avoid borrowing at any cost, right? Yes, I mean let's forget about borrowing because you know, let's say you give me money, you give me 100,000 to start a photography business, isn't it? And then now I get the cameras, I get the equipment, then I move into events, then one month down the line the camera breaks down, and I have to go into debt again to get money to fix it and all that, so I get that I accrue debts, I don't make profit, so who will keep on financing me, you get. So if you already established a business, okay, there's a flow of, you get the suppliers get you stuff and you sell them and you get some mega profits, okay? That way you can borrow from banks because you will be having the records and the paperwork to promote and breathe fresh air into your business so that it can boom, okay? So I say from 1 to 10 you are allowed to borrow, but getting from 0 to 1, don't borrow, use the little you have. All right, don't borrow, use the little you have. Are there any other options you have that will make the young people not to go for borrowing as their first option? Yeah, there's only one approach right now whereby you see, we are told to employ ourselves and that it's a narrative, how do I employ myself? So that 5% of the youth will rush to be consultants in fields they've studied at the university, okay? So the number one thing of getting some little money to start your business, go into hard employment, go and work under someone, okay? Go and do and get yourself in probably unofficial labor. Just struggle so hard to get this little money that is going to get you from 0 to 1. All right, I have this scenario where I have to like give my products to a higher demand that I have been doing before. And the only option there is borrowing. How do we deal with such? Okay, we are not completely kicking out borrowing as a growth fund measure. We are only saying that the event that you are borrowing, let's have some aspects of it very stable. Number one, make sure that you have asset, okay? So that now when you don't make profits, there's something that can act as a leverage, okay? So when you're borrowing, make sure you have a base, okay? When the suppliers bring you things, but you can no longer pay them because there's stagnation in your business. At least they can see that we can wait for six months and then pay it in a position to pay us. But borrowing when you have nothing, that is the analogy that truly doesn't make sense in our games. So how can young people or what do you think the government should do to ensure that young people are involved in investments? Well, there are a number of strategic measures, strategic interventions. One government should review its policy and really do checks and balances on some of these agencies that are mandated to give the youth growth funds. We have WESO, WESO I think is the leading one. Then we have Agpo whereby the youth come in numbers, they register in an organization, then they run left right centre and get the money. But 60% of the money that government invests in these agencies for the youth get lost through pilfereds. So by government re-analising and reviewing its policy and bringing in people who will really help the youth, we are still at a bad end. Alright, so as we wind up, this young person out there, they have the idea and they have totally nothing to start, maybe a business or an investment. What would you like to tell them being that you are advising them not to go for loans? Well, when you say this young person out there who has something, a startup if you may, I'm thinking that this startup is unique and can attract angel investors. But angel investors are also tricky because you'll tell them, give me one million, then I'll give you an equity share and I'll give you one million to start your business, 50% of that business will be mine. That is the disadvantage of angel investors. So let's learn how to pitch. Let's introduce creativity in our startups. Let's not come up with startups that are just but copy-pasted things that already exist. So if you come up with an initiative and you want to bloom it into business, let's package it strategically so that it can attract investors, attention of government directly and it can attract the attention of capitalists. But if we go the trend of coming up, I'll always use photography because even you, I know you have a friend who does photography. So if you say I want to start a photography business, I don't think, so let's package our startups so uniquely that they can attract capitalists. I am young, I want to engage myself with investments. What factors do I need to consider to know that this is the right investment for me to get involved to it? Number one research, look at the global and domestic trends or whatever you're interested in, how is it doing? The people who have been involved in it, how are they doing? What are some of the challenges they've continued to encompass? Meet them, knock these doors and tell them hey, I'm interested in your line of doing things. I want to know some of the demerits or some of the challenges you've continued to face and what are some of the unique interventions that can bring into it so that it can stand out. So research deeply into it. Once you research well and you know the dynamics, you'll be in a position to master it and strategically position yourself for investment of somebody getting attracted to what you have. So it goes down to research. Thank you so much for joining us tonight. It has been great getting this insights from you. That has been Private Socrates CEO of PSN Interact an agency that offers graphic design, branding and many more services. Thank you so much for joining us tonight on the bulletin. My name is Yvonne Anula. Meet you next time, same time, same place. Coming up next is the Forex Report. Enjoy the rest of your viewing.