This archive report was first published on 27 November 2019.
November 27, 2019, marked a significant day for Kenyan business mogul Joe Kariuki as his company, 51 Capital, was awarded the Second Best Forex trader in Africa for the year 2019.
51 Capital, an online forex trading company, has been making waves in the industry with its innovative approach to financial services. The company offers soft loans to individuals with no credit history, making it an attractive option for those seeking financial assistance.
Joe Kariuki's journey to success has not been without its challenges. He spent close to two years in prison in Tanzania following his arrest on allegations of money laundering. However, he was eventually found innocent and released in July 2019.
Speaking to the press, Joe Kariuki urged the youth to consider forex trading as a viable income-generating activity. He emphasized that unlike other investment opportunities, forex trading has fewer risks and can be started with as little as Sh10,000 and a laptop.
"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," Joe Kariuki said.
51 Capital has already initiated a continental challenge, where the best 10 trainees will be selected and given Sh1 million as seed money to start trading. The company has trained and mentored 70 trainees, equipping them with the knowledge and skills necessary to succeed in the industry.
