PHOTO CAPTION: Wayne Hennessy Barrett, CEO and Founder of 4G Capital An alarm has been raised over a huge employee turnover rate at wazungu-owned 4G Capital Limited - a Nairobi headquartered fintech firm that offers working capital credit, financial literacy, and training.
According to a disgruntled former staffer, the company which operates like a shylock has become notorious for using and dumping members of its workforce.
This has led to an extremely toxic working environment where employees are charged and dismissed on flimsy grounds.
Those that manage to survive the skewed disciplinary process are ousted through other mischievous methods.
One source who spoke to us sadly narrated how he was sent away in the name of redundancy, just six months after completing his probation period where he brought them millions in profits. "Hi Nyakundi, There is this company named 4G-CAPITAL LIMITED, owned by certain wazungu in Karen, and managed by a certain Kamba lady. It is operating like a shylock and its main purpose is to use and dump employees. They employed me back in September 2021, went through a 6 months probation period, they confirmed me in March 2022. Barely two weeks after confirmation, they accused me of certain allegations and after the disciplinary process, they found out that the allegations levelled against me were baseless and thus they requested me to resume my work. After a week, they ordered a department structure which they sent me home for redundancy reasons. I went further and engaged an advocate and they were ordered to pay me a certain amount of money, they declined to acknowledge the letter from my advocate and I am now taking them to court. They are wasting a lot of employees' career paths, and the turnover rate is huge. I brought them over Sh100milion business in barely 8 months. For the purpose of future career security to those who might think 4G-CAPITAL is a good employer, kindly expose them," the source says.
The firm began its operations in Kenya in 2013 by providing financial literacy training blended with unsecured working capital credit.
4G Capital has since grown exponentially, lending over 750,000 loans valued at $90m, but still treats its hardworking employees like trash.
This ought to be stopped!