On 6969???

In countries like South Africa and Britain, lotteries are used to finance social service and welfare projects.
In Kenya, lotteries like 6969, 2929 can come in handy in financing a social health insurance programs for the common mwanainchi, construction of irrigation infrastructure, or financing the impending famine epidemic.
But in the current licensing model in our beloved Kenya the money generated benefits only a group of investors who have flouted the law by failing to remit at least 25 per cent of their gross receipts to charitable projects that benefit the country socially and economical.
The BC& L Act should state the purposes for which lotteries may be conducted, that is, charitable work; the lotteries should not be conducted for private gain or commercial undertaking where the Lords of poverty are striking gold at the expense of poor gullible Kenyans of their hard earned dime.

Or is it a political funding scheme now that 2012 is just around the corner?

Have a patriotic week.

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Offshore Investment

How to invest offshore

Offshore investments are funds that are invested outside of Kenya, often in tax havens which may be less regulated than the home country. This investing offshore allows greater freedom for the investor and the potential for greater return. They are often conducted by an offshore investment company as there is a wide portfolio of investments on offer. These overseas private investments can take the form of:

• Offshore Investment Funds – these allow affordability, guaranteed levels of regulation, diversification which offers greater stability, and variety.
• Offshore Stocks and Shares - These are based on international capital markets
• Overseas Mutual Funds – if Europe-based, these would be subject to adherence to the European Union Directive, UCITS.
• Offshore Investment Bonds
• Hedge funds – these thrive in low regulatory jurisdictions,
• Offshore Unit Trusts
• Offshore portfolio bonds – which combine an insurance contract with a bank account to facilitate investment in many different vehicles.
• Offshore property funds and Commodities - less correlation to equities & bonds
• Offshore Banking