Kenyan music executive and businessman, Joe Kariuki, has been
awarded the Best African Forex Trader 2019 accolade by the IC Markets, a
leading Forex Contract For Difference (CFD) provider based in Sydney,
Australia.
Kariuki,
who is the founder of the Candy N Candy Group received the award in his 51
Capital offices in Nairobi on Tuesday.
51
Capital is a non-deposit taking and smart loan company that trades in forex and
gives soft loans to people with no credit history.
Speaking
to the press, the Candy N candy Records chief executive urged the youth to take
up forex trading as an income-generating activity instead of waiting for
promised jobs that take a lifetime to come or never materializes at all.
“I
am happy to be awarded this award. It comes at a period when we have
restlessness because of unemployment, especially among the youth. I feel forex
trading is still an unexplored sector that young people can venture in since a
majority of them are tech-savvy. Armed with only a laptop and Sh10,000, they
can easily start the online trading,” he said.
The award comes just a few months after being released from
prison in Tanzania. Kariuki spent close to two years in incarceration following
his arrest on alleged money laundering accusations. He was, however, found
innocent after a successful appeal and released in July this year.
Peter
Gicheru, a partner director at 51 Capital, said the company has already
initiated 70 trainees for a continental challenge, where the best 10 would be
selected and given Sh1 million as seed money to start trading.
“Before they get into trading,
we trained and mentored them so that they become knowledgeable on various
issues such as knowing the market trends,” he said.
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