This archive report was first published on 27 November 2019.
On November 27, 2019, Kenyan music executive and businessman Joe Kariuki received the Best African Forex Trader 2019 award from 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 about the award, Kariuki urged the youth to consider forex trading as a viable income-generating activity, citing its potential for those with a laptop and Sh10,000.
“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,” 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 found innocent after a successful appeal and released in July 2019.
51 Capital has already initiated a continental challenge, training 70 individuals who will compete for a chance to receive Sh1 million as seed money to start trading.
