This archive report was first published on 27 November 2019.
On November 27, 2019, Kenyan music executive and businessman Joe Kariuki was awarded the prestigious Best African Forex Trader 2019 accolade by IC Markets, a leading Forex Contract For Difference (CFD) provider based in Sydney, Australia.
The award was presented to Kariuki at his 51 Capital offices in Nairobi, where he is the founder of the Candy N Candy Group.
51 Capital is a non-deposit taking and smart loan company that trades in forex and provides soft loans to individuals with no credit history.
Speaking to the press, Kariuki urged the youth to consider forex trading as a viable income-generating activity, citing its potential for quick returns with minimal investment.
“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.
Notably, this award comes just a few months after Kariuki's release from prison in Tanzania, where he spent close to two years on alleged money laundering accusations. He was later found innocent and released in July 2019.
