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For years, Major Boke wore the uniform of the Kenya AirForce.Today, he leads one of East Africa's fastest-growing security, HR and staff outsourcing companies.In this episode of Financially Incorrect, Major Boke takes us through an extraordinary journey that started in military barracks, moved through corporate leadership at KICC, survived multiple career exits, and ultimately resulted in the creation of Jeff Hamilton, a business projected to cross KES 1.3 billion in revenue. He shares the brutal confidence-building exercises that shaped him as a young officer, why military discipline became his greatest competitive advantage, and the uncomfortable reality of building a local company in an industry dominated by foreign brands.We discuss why he once hired a white front-facing CEO to win contracts, how late-paying clients nearly crippled the business, why he mortgaged personal assets to keep employees paid, and the lessons learned scaling across Kenya, Uganda, Rwanda, Tanzania and beyond.This is a masterclass on leadership, discipline, family business succession, entrepreneurship, sales, staffing, security, and building trust at scale.---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: https://lnk.bio/Financially_Inc💹 Ready to start trading?🔍 Who is FXPesa: https://shorturl.at/rWFqC🎓 Learn how to trade: https://shorturl.at/xR2Ye📊 Try a demo account: https://shorturl.at/izDMc💸 Open a live account: https://shorturl.at/Od2ux---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters00:00 Introduction02:15 Military training that changed his life06:54 How strong is Kenya's military?14:26 Growing up in Miwani and learning money lessons19:24 Why he chose the military over teaching26:16 Military salary, savings and family responsibilities28:20 Leaving the military for KICC37:10 Transforming KICC into a revenue machine51:01 Starting Armstrong Young01:03:00 How the security industry really works01:15:26 What security guards can and cannot do01:20:55 Founding Jeff Hamilton01:30:00 Growing from KES 5M to KES 70M01:36:00 The outsourcing business opportunity01:45:23 Expanding across East Africa01:48:34 Why he used a white front CEO01:51:48 Cash flow crises and making payroll01:59:23 Succession planning inside the family02:08:56 How Jeff Hamilton wins clients02:12:33 Final thoughts
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Most people would have quit after losing everything. Derrick Kayobyo lost hundreds of millions of shillings to fraudsters. His workshop was burned down. Businesses collapsed. Deals went wrong. Yet those setbacks became the foundation for one of Uganda's fastest-growing real estate companies. In this episode of Financially Incorrect Uganda edition, Derrick shares how he went from selling timber and manufacturing doors to building a real estate portfolio worth over $5 million through Kayo properties. He breaks down the realities of Uganda's property market, the opportunities many investors overlook, how Airbnb helped accelerate his growth, and the painful lessons that came from losing 600M UGX in a land scam. This is a conversation about resilience, calculated risk, building businesses from the ground up, and what it really takes to create wealth in African real estate.Whether you're interested in real estate, entrepreneurship, investing, or building wealth in Africa, this conversation offers practical lessons from someone who has experienced both spectacular wins and painful losses.------------------------------------------------------------------------------------------------------------------------------------------------------------------Tagore Living Apartment - https://share.google/o2fVbZApFQ1tGWd7nFor all your production needs in Uganda: Contact: +256705098317 / +256786312218 | https://www.cinemaug.com/Access all our links in one place: https://lnk.bio/Financially_IncFor all your production needs in Uganda: Contact: 0705098317 / 0786312218 | https://www.cinemaug.com/💹 Ready to start trading?🔍 Who is FXPesa: https://shorturl.at/rWFqC🎓 Learn how to trade: https://shorturl.at/xR2Ye📊 Try a demo account: https://shorturl.at/izDMc💸 Open a live account: https://shorturl.at/Od2ux---------------------------------------------------------------------------------------------------------------------------------------------------------------Episode Chapters 00:00 Introduction & Uganda Edition Housekeeping03:00 Meet Derrick Kayobyo05:11 Uganda's Real Estate Opportunity10:06 Growing Up In A Family Of 1015:10 The Fake Pastor Cement Scam19:05 Building A Woodwork Business23:00 Running Business Through University29:00 Competitors Burned Down My Workshop31:14 Rebuilding Through Partnerships33:06 Leaving For South Africa34:08 Discovering Airbnb In Uganda36:11 Land Flipping For Profit37:50 Why He Doesn't Leave Money Idle39:37 Losing 600M UGX To Land Fraud47:24 Building His First House49:35 Scaling A Construction Company54:00 Using Bank Financing To Grow59:09 Inside Kayo Properties1:03:06 Proudest Achievement1:07:50 Building A $5M Portfolio1:09:02 The Timber Business Advantage1:09:49 How He Manages Money Today1:11:02 Goals For 20261:12:23 Final Reflections1:14:08 Kayo Properties & Closing Remarks
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"You should stay in school and work hard." That's the advice many people receive. Nyawira Muraguri did that. But she also worked in her parents' business from the age of nine, negotiated aggressively throughout her career, used side hustles to clear debt, bought land with loans, stayed at home longer than most of her peers, and benefited from a support system that gave her room to take bigger risks.In this episode of Financially Incorrect, Nyawira opens up about the financial realities behind her career journey, from earning KSh 10,000 in her first job to leading communications and marketing initiatives at Samsung Electronics. She shares why salary negotiation became one of her biggest wealth-building tools, how she made and lost money through side hustles, the lessons she learned from property investing, and why COVID forced her to completely rethink her relationship with money.She conversation also explores a topic many people avoid discussing honestly: the difference between being self-made and being supported.Alongside the money conversation, Nyawira gives her perspective on AI-powered devices, the future of smartphones, privacy concerns, and how technology is changing the way we live and work.---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: https://lnk.bio/Financially_Inc💹 Ready to start trading?🔍 Who is FXPesa: https://shorturl.at/rWFqC🎓 Learn how to trade: https://shorturl.at/xR2Ye📊 Try a demo account: https://shorturl.at/izDMc💸 Open a live account: https://shorturl.at/Od2ux---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters00:00 Introduction01:25 The Most Money She's Ever Imagined Making03:58 "The Smartphone Era Is Over"05:47 AI Devices, Meta Glasses & The Future07:18 Working For Her Parents At Age 909:44 Financial Lessons She Wishes She Learned Earlier10:47 The First Thing She Bought With Her Own Money13:33 Daystar University & Financial Independence18:32 Her First Job And KSh 10,000 Salary21:00 Government Internships And PR Experience24:51 Breaking Into PR Agencies28:10 The Salary Negotiation Formula32:42 Climbing The PR Career Ladder38:16 Side Hustles That Made Serious Money41:43 Lifestyle Inflation And Financial Reality49:17 How COVID Changed Her Relationship With Money51:30 Buying Land And Flipping Property54:10 Surviving Career Uncertainty57:00 The Financial Cushion Most People Ignore01:08:20 Buying A Home Through A Mortgage01:11:15 Joining Samsung Electronics01:16:14 AI, Privacy And Samsung Knox01:23:19 Her Definition Of Financial Freedom01:26:00 Learning Global Investing And Estate Planning01:27:14 Happiest Money Memory01:29:05 Samsung S26 And Final Thoughts
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There is a perception amongst many that financial freedom is about earning more money. Pius Muchiri believes it's about reaching a point where your investments can sustain your lifestyle even if your salary stops tomorrow.In this episode of Financially Incorrect Business Edition, Barrack sits down with Pius Muchiri, CFA and Managing Director of Nabo Capital, to unpack a career spanning accounting, investment management, private equity, public markets, and the building of one of Kenya's leading fund management firms.He reflects on the childhood experience that shaped his relationship with money after witnessing financial uncertainty at a young age. That experience would go on to influence his approach to investing, risk management, and his belief that financial independence should be the ultimate goal for every investor. The conversation traces his journey from accounting to investment management, his years at Centum Investments, where he helped execute some of East Africa's most notable investment transactions, and the lessons learned from building Nabo Capital from the ground up.We also explore the future of investing in Africa, why diversification beyond your home market matters, the role of money market funds in wealth preservation, and how technology is helping democratize access to investment opportunities.A major highlight of the conversation is the discussion around TRIFIC REIT, a real estate investment trust designed to give investors access to institutional-grade real estate through a more accessible structure. Pius breaks down how the vehicle works, the thinking behind creating it, the role of liquidity in real estate investing, and why dollar-denominated income opportunities are attracting growing interest from investors seeking diversification and long-term wealth creation..---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: https://lnk.bio/Financially_Inc💹 Ready to start trading?🔍 Who is FXPesa: https://shorturl.at/rWFqC🎓 Learn how to trade: https://shorturl.at/xR2Ye📊 Try a demo account: https://shorturl.at/izDMc💸 Open a live account: https://shorturl.at/Od2ux---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters00:00 Introduction02:14 Growing Up Around Money08:37 Watching His Family Face Financial Hardship14:26 The Promise He Made At 11 Years Old20:11 What Financial Independence Really Means26:48 Why He Started In Accounting33:19 The Limitation Of Support Functions38:52 Leaving Accounting For Investments45:31 Joining Centum Investments52:44 Why Accounting Creates Better Investors58:21 Building The Coca-Cola Investment Case01:06:08 Finding Undervalued Opportunities In Africa01:13:42 Investing Beyond Kenya01:20:15 Growing Centum From KSh 6B To KSh 30B01:27:56 Why Nabo Capital Was Created01:35:02 The Entrepreneurial Learning Curve01:41:58 Building Trust In Fund Management01:47:40 Money Market Funds Explained01:54:21 Are Money Market Funds Safer Than Banks?01:59:43 The Trific REIT Opportunity02:04:56 The Future Of Investing In Kenya02:07:48 What Financial Freedom Looks Like02:09:15 Final Thoughts
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For years, Queen Gathoni Kimuyu was helping shape some of Kenya's most recognizable television productions while quietly carrying battles most people never saw.Before becoming an award-winning producer, writer, activist and storyteller, she grew up in poverty, became a young wife, survived an abusive marriage, raised a child through financial uncertainty and spent years trying to build a sustainable career in an industry that celebrates talent but rarely pays for it.In this episode of Financially Incorrect, Gathoni opens up about the realities behind Kenya's creative economy. From earning KSh 10,000 as a receptionist to writing for Machachari, producing sold-out theatre shows, losing millions on productions, surviving long payment delays and creating Free Me, a deeply personal play based on her own experience with gender-based violence.This is a conversation about money, resilience, self-worth, entrepreneurship, storytelling and what it really takes to build a life after survival mode.---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: https://lnk.bio/Financially_Inc💹 Ready to start trading?🔍 Who is FXPesa: https://shorturl.at/rWFqC🎓 Learn how to trade: https://shorturl.at/xR2Ye📊 Try a demo account: https://shorturl.at/izDMc💸 Open a live account: https://shorturl.at/Od2ux---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters00:00 Introduction02:20 Growing Up Poor & Early Money Lessons06:40 Becoming Money Conscious at 1609:10 Her First Salary: KSh 10,00012:39 Marriage, Money & Responsibility17:37 The First Time She Was Hit19:14 Leaving Corporate for Television22:28 Hospital Bills & Financial Survival25:14 The Car Wash Business30:37 Moving Back Home After Divorce36:13 The Relationship That Changed Her Perspective39:27 How Much Kenyan TV Writers Earn44:29 Showmax, Budgets & Kenyan Storytelling49:22 Rebuilding Financial Stability52:18 Recovering From Divorce55:28 Producing, Influencing & Buying Her First Car01:02:55 Building Twi Forbuzz01:15:33 The Real Cost of Theatre Production01:22:13 Losing KSh 3 Million01:30:24 Why Quality Is Expensive01:33:13 Pandemic Struggles & Financial Recovery01:44:17 The Story Behind Free Me01:48:58 Creative Residencies & Growth01:50:52 What Financial Success Means Today01:52:03 Grants, Sponsorships & Survival01:54:48 Final Reflections
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Brian Kiriba shares the story behind building Jaba Juice from scratch, growing it into a business that now moves tens of thousands of units every month. In this episode of Financially Incorrect Business Edition, he discusses his early entrepreneurial ventures in Pakistan and the United States, the failure of his immigration startup, losing money after returning to Kenya, and his unsuccessful attempt to break into the alcohol industry.He explains how a chance encounter with khat (jaba) inspired the idea for a bottled beverage, the months of experimentation that followed, the challenges of manufacturing, hiring, distribution, and how he eventually found product-market fit by targeting an entirely different customer segment than traditional chewers.---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: https://lnk.bio/Financially_Inc💹 Ready to start trading?🔍 Who is FXPesa: https://shorturl.at/rWFqC🎓 Learn how to trade: https://shorturl.at/xR2Ye📊 Try a demo account: https://shorturl.at/izDMc💸 Open a live account: https://shorturl.at/Od2ux---------------------------------------------------------------------------------------------------------------------------------------Episode Time Stamps00:00 Introduction06:16 Early Entrepreneurial Lessons10:52 Immigration Startup in the U.S.13:16 Returning to Kenya & Partying Lifestyle17:10 Alcohol Business & Regulatory Challenges21:20 Discovering the Jaba Opportunity27:38 Building the First Jaba Juice Product30:40 Early Operations & Scaling Struggles36:51 Hiring an Accountant & Professionalizing the Business41:36 Key Drivers of Growth45:06 Finding the Right Target Market47:04 Events & Distribution Strategy51:17 Funding, Growth & Business Today53:29 Closing Remarks
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Most people see cars as liabilities. Earl Karanja sees them as alternative assets with global demand, cultural value, and appreciating long-term upside.
Before brokering million-dollar Bugattis and rare Ferraris to collectors across Europe, Dubai, and New Zealand, Earl was a Kenyan kid raised in a strict teacher-led household where discipline, education, and financial restraint shaped everything. His first lessons around money came from selling farm produce in the village. Years later, those same principles would help him navigate one of the most exclusive and difficult industries in the world.
Earl breaks down the hidden economics of the luxury and collectible car market, from flipping Toyota Prados in Kenya to sourcing hypercars worth millions of dollars for ultra-high-net-worth clients globally.
He explains why certain Japanese cars continue appreciating, why wealthy investors are parking capital in rare analog vehicles, how social media changed the automotive business forever, and why the global collector market rewards patience, rarity, and knowledge over hype.
The conversation also dives into the realities of building an African business in a European-dominated market, surviving a €200,000 scam loss, navigating visa barriers, dealing with weak local banking support, and spending nearly five years before the business became sustainably profitable.
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Episode Chapters00:00 Intro & sponsor mention02:06 Why car investing makes money
03:06 How to identify appreciating cars
06:04 The Prado flipping business explained13:18 Japanese vs German cars debate21:02 Insurance challenges in Kenya28:33 Earl’s upbringing & money lessons
35:43 From engineering to automotive journalism
52:13 Starting car sales on Instagram
59:32 Africa’s global business barriers
01:06:17 How luxury car brokers make money01:10:33 First million-euro car sale
01:13:32 Cross-border business & visas
01:20:36 Banking and funding struggles
01:23:53 The hardest car sale ever
01:29:02 When the business finally worked01:34:44 Why rare cars appreciate massively
01:41:00 Modern classics & Gen Z demand
01:48:02 Being Black in a niche industry
01:50:31 Losing €200,000 to fraud
01:53:41 Kenya importation frustrations
01:57:00 Why cars remain his main investment
01:58:30 Final thoughts & outro -
Africa does not have a shortage of entrepreneurs. It has a financing problem.In this episode of Financially Incorrect, we sit down with Ethiopis Tafara, Regional Vice President for Africa at the International Finance Corporation (IFC), to unpack one of the biggest economic bottlenecks across the continent: why millions of African businesses remain stuck despite creating the majority of jobs.SMEs account for nearly 80–90% of jobs globally, yet only 25% of African SMEs have access to formal financing. Ethiopis explains the “missing middle” crisis, the dangerous impact of foreign exchange debt on local businesses, and why access to local currency financing could completely reshape entrepreneurship across Africa.We also discuss the IFC’s new $300 million partnership with BOAD, how the M300 initiative plans to electrify 300 million Africans by 2030, why tourism remains Africa’s most underrated economic opportunity, and the uncomfortable realities governments must address if they want businesses to scale sustainably.---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: https://lnk.bio/Financially_Inc💹 Ready to start trading?🔍 Who is FXPesa: https://shorturl.at/rWFqC🎓 Learn how to trade: https://shorturl.at/xR2Ye📊 Try a demo account: https://shorturl.at/izDMc💸 Open a live account: https://shorturl.at/Od2ux---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters00:00 Introduction00:37 Africa’s Missing Middle Problem01:32 The M300 Electrification Initiative02:01 Breaking Down the $300M IFC-BOAD Deal04:15 What IFC Looks For Before Investing06:02 Which Businesses Scale Fastest?07:30 Why Tourism Is Africa’s Biggest Opportunity08:34 Why SMEs Struggle to Access Credit09:48 How Africa Can Solve the Financing Gap11:10 What Defines a Missing Middle Business12:13 Youth Employment and Business Growth13:09 What Governments Must Fix First14:45 Vested Interests Blocking Progress18:21 IFC’s Biggest Infrastructure Projects20:03 The Most Important Money Lesson
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For decades, Suzanne Gachukia Opembe sat at the center of Kenya’s creative economy. Producing music, managing artists, negotiating distribution, surviving industry politics and helping shape an entire generation of Kenyan sound.But behind the success stories were delayed payments, collapsing partnerships, broken royalty systems, visa denials, debt pressure and years where even groceries became difficult to afford.In this episode Suzanne opens up about building studios from scratch, landing a $10,000 Pepsi buyout in the 90s, producing artists during Kenya’s CD and cassette boom, managing Camp Mulla during their meteoric rise and witnessing first-hand how corruption and poor systems continue to cripple creators across Africa.She also reflects on marriage, separation, financial independence, family privilege, land investments, failed business ventures, selling property too early and the emotional cost of staying committed to a creative industry that rarely rewards people fairly.---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: https://lnk.bio/Financially_Inc💹 Ready to start trading?🔍 Who is FXPesa: https://shorturl.at/rWFqC🎓 Learn how to trade: https://shorturl.at/xR2Ye📊 Try a demo account: https://shorturl.at/izDMc💸 Open a live account: https://shorturl.at/Od2ux---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters00:00 Introduction01:42 The last thing Suzanne failed at04:26 Her first experiences with money06:14 Family business, farming and Riara’s growth11:26 Lessons from her parents about money15:52 Building studios and producing music21:05 Financial struggles in music production27:04 Music distribution and River Road lessons28:38 Land investments and surviving debt32:36 Marriage, separation and money dynamics40:12 Managing Camp Mulla’s rise48:07 Why Kenyan music struggles financially55:09 Second marriage and financial independence01:01:50 Corruption inside music royalty systems01:09:25 Suzanne’s definition of financial success01:12:13 Her happiest and saddest money moments01:14:17 The financial principle everyone ignores01:16:53 Managing young artists and fame01:23:34 Camp Mulla’s BET nomination setback01:24:08 Why Camp Mulla connected with everyone01:26:24 Clarence Peters and music video evolution01:28:53 Closing thoughts and upcoming projects
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Most people see skincare as beauty. Milkah Wachira sees it as trust, systems, education, customer psychology and cash flow management under pressure.Before building Skin Reveal Clinic into one of Nairobi’s growing aesthetic and corrective skincare brands, she burned through bad inventory decisions, unstable partnerships, weak financial structures and painful business losses. One failed clothing venture left her with dead stock for years. Another partnership reportedly cost her close to KSh 1 million after funds disappeared without contracts or safeguards in place.Then came the salon business.A bold KSh 5 million setup. Two floors. Aggressive marketing. Rapid traction. But behind the growth were constant HR battles, staff turnover, operational pressure and eventually the reality that scaling beauty businesses is far harder than social media makes it look.In this episode of Financially Incorrect Business Edition, Milkah Wachira breaks down the economics of beauty and aesthetics in Kenya, the cost of building customer trust, why many salons struggle with structure, how COVID forced a strategic pivot into advanced skincare, and why professionalism changed everything in her business.She also speaks candidly about investor money she never recovered, learning financial discipline late, navigating unsecured loans, supplier credit systems, marketing ROI, and the operational realities behind running a medspa in Nairobi CBD.---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: https://lnk.bio/Financially_Inc💹 Ready to start trading?🔍 Who is FXPesa: https://shorturl.at/rWFqC🎓 Learn how to trade: https://shorturl.at/xR2Ye📊 Try a demo account: https://shorturl.at/izDMc💸 Open a live account: https://shorturl.at/Od2ux---------------------------------------------------------------------------------------------------------------------------------------Episode Chapter00:00 Introduction00:28 FXPesa Sponsorship & Uganda Expansion02:42 Splitting Bills, Social Norms & Money Conversations03:55 Childhood Money Lessons06:01 First Job, Motherhood & Spending Habits08:20 Starting A Clothing Business11:47 Overstocking & Inventory Mistakes17:11 Losing KSh 1 Million In A Partnership Scam25:06 Entering The Beauty Industry28:44 Building A High-End Salon Brand32:01 Staff Conflicts & Operational Challenges36:57 COVID-19 & Pivoting Into Med Spa Services40:33 Studying Aesthetics Professionally43:03 Investor Losses & Financial Accountability46:05 Rebuilding The Team & HR Systems52:16 Staff Commissions, KPIs & Contracts59:52 Is The Skincare Business Profitable?01:04:17 The Cost Of Professional Equipment01:06:35 What Success Looks Like Today01:07:43 Best Financial Memory01:09:56 Final Thoughts & Where To Find Skin Reveal Clinic
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Muthaka thought talent would be enough. Then she discovered the business side of music.In this episode the award winning Kenyan singer and songwriter Christine Muthaka opens up about the financial realities behind building a music career in East Africa. From earning 3,000 KES cover gigs at malls and restaurants to signing a restrictive label deal, producing a 600,000+ KES independent album, surviving on tiny royalty payouts and eventually rebuilding her career independently, this is one of the rawest conversations we’ve had about creativity, money and survival.Muthaka breaks down what it actually costs to make music professionally, why many artists stay financially strained despite public success, how record labels can shape or limit creative direction and why publishing and licensing may become the real future for African artists. She also reflects on family support, financial anxiety, budgeting, rejection, leaving Universal Music and redefining success on her own terms.This conversation goes beyond music. It is about ownership, endurance, contracts, self worth and the invisible economics behind every creative career people romanticize online.---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: https://lnk.bio/Financially_Inc💹 Ready to start trading?🔍 Who is FXPesa: https://shorturl.at/rWFqC🎓 Learn how to trade: https://shorturl.at/xR2Ye📊 Try a demo account: https://shorturl.at/izDMc💸 Open a live account: https://shorturl.at/Od2ux---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters00:00 Introduction01:18 The real cost of making music independently02:16 Financially Incorrect channel update04:15 Muthaka’s background and early career06:21 Self reflection and personal growth09:31 Early money lessons from family11:43 Financial anxiety and budgeting mindset13:34 First gigs and earning 3,000 KES16:15 Family support and choosing music17:30 Lessons from Sauti Academy19:14 Singing vs songwriting explained22:21 Why singers and songwriters need each other25:04 Unpaid gigs and early struggles28:28 Transitioning into recording music29:26 Performing artists vs recording artists30:22 Signing with Universal Music34:38 Expectations vs reality of a label deal39:29 Royalty splits and financial realities47:51 Feeling unsupported by the label50:00 Leaving the label and reclaiming control54:06 Winning an award while financially struggling59:09 Rebuilding independently after the label01:06:20 Publishing and licensing opportunities01:11:23 Spending over 600,000 KES on an album01:15:22 What financial success means to Muthaka01:17:21 Final message and album plug
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Most people think financial collapse happens suddenly.
For Shira Karungi, it happened quietly.
The businesses were working. The money was coming in. Multiple mobile money kiosks. A thriving clothing business. Strong monthly cash flow. But behind the visible success was a dangerous cycle of borrowing, delayed payments, lifestyle inflation, and poor financial tracking.
At one point, the debt reached nearly 120 million UGX with no meaningful assets to show for it.
In this episode of Financially Incorrect Uganda Edition, Shira Karunji, co-founder of Kinua Foundation, shares one of the most honest conversations we’ve had about debt, shame, entrepreneurship, women, poverty, and rebuilding financial stability from the ground up.
---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: https://lnk.bio/Financially_Inc💹 Ready to start trading?🔍 Who is FXPesa: https://shorturl.at/rWFqC🎓 Learn how to trade: https://shorturl.at/xR2Ye📊 Try a demo account: https://shorturl.at/izDMc💸 Open a live account: https://shorturl.at/Od2ux---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters00:00 Introduction & Uganda Edition Expansion
02:14 Why Kinua Foundation Was Started
04:18 Self-Funding The NGO Journey
08:55 Rural Uganda’s Cashless Economy
11:17 Childhood Lessons About Money
18:14 The Catering Contract That Changed Everything
24:13 Building Multiple Businesses Young
28:33 How The Mobile Money Business Worked
34:08 Failed Cosmetics Business To Clothing Pivot
41:07 Why Employment Hurt Her Businesses
45:31 How Debt Reached 120 Million UGX
52:10 Panic Attacks, Debt & Asking For Help
56:20 The Debt Recovery Strategy
01:00:26 Rebuilding Financial Stability Again
01:07:23 Why She Avoided Large Scale Imports
01:10:41 Current Businesses & Future Plans
01:14:22 Final Message On Community Impact -
Ogutu Okudo did not enter Kenya’s energy sector through engineering or petroleum science. She studied foreign policy and diplomacy, then made a sharp pivot after Kenya’s 2012 oil discovery and positioned herself inside one of Africa’s most competitive and male dominated industries.In this episode Ogutu breaks down the realities behind oil and gas, the politics of energy investment, why Kenya lost the regional pipeline advantage to Tanzania, and what most people misunderstand about money, networking, and long term career building.She speaks candidly about earning KSh 15,000 in her first role, quitting jobs that undervalued her skills, surviving industry downturns after studying oil and gas in Aberdeen, and building influence through strategic relationships instead of chasing quick money.Ogutu also shares the painful lesson of negotiating what she believed was a 15 million deal only to receive 1.5 million because the contract terms were misunderstood, a mistake that permanently changed how she approaches money, paperwork, and negotiations.Beyond energy, this conversation explores investment discipline, farming economics, leadership, gender inclusion in African industries, and the difference between visibility and real value creation.---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: https://lnk.bio/Financially_Inc💹 Ready to start trading?🔍 Who is FXPesa: https://shorturl.at/rWFqC🎓 Learn how to trade: https://shorturl.at/xR2Ye📊 Try a demo account: https://shorturl.at/izDMc💸 Open a live account: https://shorturl.at/Od2ux---------------------------------------------------------------------------------------------------------------------------------------Episode Timestamps:00:00 Why Kenya Lost The Pipeline Deal02:11 Ogutu Okudo’s First Business At 1305:34 The Money Lesson That Changed Her Early08:27 Why Kenya’s Oil Discovery Changed Everything12:46 Finishing University In 2.5 Years16:03 Betting Her Career On Oil & Gas20:41 Moving To Aberdeen During Industry Chaos25:58 The Reality Of Studying Oil & Gas Abroad30:22 Coming Back To Kenya With No Clear Path34:17 Earning KSh15K In Her First Role38:46 Why She Kept Leaving Jobs Early43:02 Building Women In Energy Africa48:29 Networking That Actually Opens Doors53:44 How She Positioned Herself Around Power58:36 Why Experience Pays More Than Salary01:03:58 The Contract Mistake That Cost Millions01:09:12 Kenya vs Tanzania Pipeline Politics01:15:08 Why Kenya Is Still A Frontier Oil Nation01:20:47 The Business Of Oil, Diplomacy & Influence01:25:14 Investing In Avocado & Vanilla Farming01:29:33 The Harsh Reality Of Export Markets01:32:41 Why Women Struggle In Energy Sectors01:35:04 Her Philosophy On Money & Wealth01:37:02 Final Advice For Young Professionals
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Waithera Mugo did not build a tax law firm at the right time. She built it when there were no clients, no savings, and the world had slowed to a halt.In this business edition, Waithera Mugo, founder of Ithera Africa, breaks down what it actually takes to survive and scale in one of the most complex, high pressure legal specializations, tax.From defending multi million shilling tax disputes to navigating the evolving enforcement environment driven by Kenya Revenue Authority, this conversation moves beyond theory into the real mechanics of law, money, and resilience.We get into the economics of legal practice, why most lawyers struggle with cash flow, how tax enforcement is quietly reshaping business in Kenya, and what founders consistently misunderstand about compliance, structure, and risk.This is not a conversation about law in isolation. It is about leverage, positioning, and building a business where precision matters more than noise.---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: https://lnk.bio/Financially_Inc💹 Ready to start trading?🔍 Who is FXPesa: https://shorturl.at/rWFqC🎓 Learn how to trade: https://shorturl.at/xR2Ye📊 Try a demo account: https://shorturl.at/izDMc💸 Open a live account: https://shorturl.at/Od2ux---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters00:00 Introduction01:18 Why she chose law at six03:42 University years and first business06:55 Unpaid internships and early pressure10:12 Entering the legal profession13:40 Leaving roles to prioritize growth17:05 Starting Hydera Africa during COVID20:48 No clients, no savings, early reality24:10 The role of mentorship in survival27:35 Discovering tax law as a niche31:20 First major tax case breakdown35:05 Inside high stakes tax disputes39:10 How Kenya Revenue Authority enforces compliance43:25 Understanding ETMS and its impact47:40 Why compliance is getting harder51:30 Common tax mistakes founders make55:15 Structuring your business properly59:05 Transitioning into tax specialization01:02:40 Charging premium legal fees01:06:15 Managing cash flow in a law firm01:10:05 Separating business and personal finances01:13:20 Building and managing a legal team01:16:45 From lawyer to business leader01:20:10 Simplifying tax for everyday businesses01:23:30 The future of tax enforcement01:26:10 Advice for founders and professionals01:28:00 Closing thoughts
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What does it take to move from traditional banking into shaping the future of financial inclusion across an entire continent?In this episode of Financially Incorrect, we sit down with Esther Waititu Chief Financial Services Officer at Safaricom to unpack a career that spans banking, international markets, and now fintech at scale through Safaricom.From earning between Ksh 9k - 15k a month earlier in her career to negotiating executive compensation structures, Esther shares the decisions that defined her trajectory, including the career step back that expanded her leadership capacity and the financial mistake she still reflects on today.We explore how Kenya’s financial ecosystem has evolved, the role of competition in forcing innovation, and how platforms like M-Pesa and new investment tools like Ziidi Trader are quietly reshaping access to wealth-building for millions.This conversation goes beyond personal finance. It is about strategy, discipline, and how institutions are redefining what participation in the financial system looks like.---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: https://lnk.bio/Financially_Inc💹 Ready to start trading?🔍 Who is FXPesa: https://shorturl.at/rWFqC🎓 Learn how to trade: https://shorturl.at/xR2Ye📊 Try a demo account: https://shorturl.at/izDMc💸 Open a live account: https://shorturl.at/Od2ux---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters00:00 Intro01:18 Meet Esther Waititu03:42 Growing Up Firstborn08:15 Early Money Lessons14:27 Starting Career on Low Salary20:54 Becoming CEO Minded Early28:11 Career Risks That Paid Off36:45 Marriage, Twins and Budgeting44:03 Buying a Car Instead of Property51:36 Saving Before Borrowing58:12 Negotiating Executive Pay01:06:41 South Africa and Zambia Lessons01:15:20 Why Kenyan Banking Changed01:24:07 Safaricom’s Financial Future01:34:22 Ziidi Trader Investing for Everyday Kenyans01:44:10 What Success Really Means01:50:33 Final thoughts
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What does it actually look like to walk away from stability and build something of your own?In this Uganda edition episode, Matthew Nabiswo breaks down a journey that most people never see clearly until it is too late to turn back. After two decades in corporate, rising from a $100 salary to $1,000 a month, he found himself pushed out at a moment that could have easily defined the rest of his life. Instead, it became the turning point.We get into the uncomfortable middle. The year where income dropped to almost nothing. The pressure of debt, expectations, and visibility. The quiet decisions that do not make headlines but determine outcomes. And how he and his wife built a film production company from the ground up with no safety net, just relationships, consistency, and a deep understanding of who actually pays.This is not just a story about film. It is a masterclass in positioning. Why NGOs became his first real clients. Why government contracts nearly broke momentum. Why professionalism, not talent, became the differentiator that unlocked $20,000 and $40,000 deals.We also get into the structural realities of Uganda’s film industry. The distribution bottleneck. The gap between talent and monetization. And why local audiences remain the most undervalued opportunity in African media today.---------------------------------------------------------------------------------------------------------------------------------Tagore Living Apartment - https://share.google/o2fVbZApFQ1tGWd7nFor all your production needs in Uganda: Contact: +256705098317 / +256786312218 | https://www.cinemaug.com/Access all our links in one place: https://lnk.bio/Financially_IncFor all your production needs in Uganda: Contact: 0705098317 / 0786312218 | https://www.cinemaug.com/💹 Ready to start trading?🔍 Who is FXPesa: https://shorturl.at/rWFqC🎓 Learn how to trade: https://shorturl.at/xR2Ye📊 Try a demo account: https://shorturl.at/izDMc💸 Open a live account: https://shorturl.at/Od2ux---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters0:00 Intro1:14 Meet Matthew Nabiswo3:52 Childhood lessons about money7:48 Paying his own way through university12:36 First jobs and surviving on low salaries18:55 Building a 20-year corporate career26:42 The setback that changed everything32:18 Why he left employment38:07 Starting a production company with his wife44:12 The toughest financial season49:36 First major breakthrough contract55:48 Making more in 6 years than 20 years employed1:00:22 Fame vs real financial pressure1:03:47 Uganda’s film industry opportunity1:07:12 Why real estate is the next move1:09:18 Final thoughts on money, risk and growth
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Alemu Emuron has spent over two decades building campaigns across 34 African countries for brands like Coca-Cola, Airtel, Unilever, and Diageo — winning Cannes Lions and Grand Prix awards along the way. But before the continental footprint and the accolades, he was a broke young creative sleeping between a Kampala office and a bar, surviving on credit and stubbornness, watching his advertising career get pulled from under him just eight months into his best-paying job yet.In this episode, Alemu sits down with Financially Incorrect for one of the most honest creative industry conversations we've had. He breaks down how a childhood in Uganda learning to negotiate pocket money with a mother who only gave you half of what you asked for became the financial foundation that eventually funded his own agency without a single external investor. He talks about the difference between dreaming big and being delusional, what it actually costs to be a Group Creative Director in Kenya, why great advertising without organizational alignment is a lie, and how the death of a close friend with cancer permanently changed his relationship with money.---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: https://lnk.bio/Financially_Inc💹 Ready to start trading?🔍 Who is FXPesa: https://shorturl.at/rWFqC🎓 Learn how to trade: https://shorturl.at/xR2Ye📊 Try a demo account: https://shorturl.at/izDMc💸 Open a live account: https://shorturl.at/Od2ux---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters00:00 Introduction to Alemu Emuron04:23 The Optimistic Pessimist Mindset06:26 Why Advertising Is Broken10:07 The Greatest Kenyan Ad Campaign11:55 Why Brands Must Act Not Advertise16:17 Why Brand Events Are Booming19:05 Money Lessons From His Mother24:11 Why Money Means Protection27:24 His First Job and Salary31:37 First Big Career Breakthrough35:24 Fired and Financially Struggling45:00 Living Between Office and Bars48:44 The Comeback Begins53:50 Salary Growth and Work Ethic57:23 The Rhino Tinder Campaign01:01:24 Why He Returned to Nairobi01:05:24 Scanad vs Ogilvy Culture01:11:17 Why Consistency Is Rare01:17:28 Marriage Changed His Finances01:23:24 Creative Director Salaries in Kenya01:24:31 Starting His Own Agency01:28:52 What Financial Success Means01:30:15 Lessons for His Children01:32:09 Working With Netflix01:33:58 Sell a Fridge to an Eskimo01:35:13 Final Advice
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Ivy started out earning 100 KES a day doing laundry during COVID. She got docked down to 6,000 KES a month as a supermarket cashier. She tried crochet, braiding, web development, and forex trading none of it stuck. Then she noticed something nobody else was paying attention to: Nairobi had thousands of empty Airbnb units and zero one-stop place to book them.Today, Nairobi Spaces manages access to over 4,000 listings, hosted 3,500 guests in 2025 alone, and pulls in between 200K–300K KES per month without owning a single property.In this Business Edition episode, Ivy breaks down exactly how she built it: the TikTok post that started everything, the con that cost her 70,000 KES, why property management almost tanked the business, and the model that actually works.If you're thinking about getting into the short-term rental space in Kenya or building any kind of business in the middle of a market gap this one is for you.---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: https://lnk.bio/Financially_Inc💹 Ready to start trading?🔍 Who is FXPesa: https://shorturl.at/rWFqC🎓 Learn how to trade: https://shorturl.at/xR2Ye📊 Try a demo account: https://shorturl.at/izDMc💸 Open a live account: https://shorturl.at/Od2ux---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters00:00 Intro01:00 Airbnb Scam That Cost 70K03:08 Growing Up With Little & First Jobs11:08 Why She Left College16:42 Forex Trading & Mentorship Income19:19 How Nairobi Spaces Started23:57 How The Business Makes Money32:23 Building a Host Network35:54 Why Customers Choose Nairobi Spaces37:22 Why Property Management Failed40:45 Making 200K–300K Per Month42:49 Taxes, Regulation & Safety46:45 Growth Plans & Expansion58:00 What Makes a Profitable Airbnb01:03:53 Mombasa & Watamu Expansion01:06:26 Final Advice & Closing
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What do women really need to thrive today?
At What Women Want 4.0, - Let's Make Money Honey session , we sat down with three accomplished leaders, Mumbi Ndung’u Founder CEO PLP, Dorothy Ooko Co- Founder WSN and Moonika Jurgenfeldt CEO FXPesa for an honest conversation on money, leadership, negotiation, confidence, career growth, and the realities women still face in professional spaces.This episode goes beyond surface-level empowerment talk. It explores why many women still ask for less than they deserve, why financial independence matters, how patience and consistency shape long-term success and why workplaces still need deeper cultural change.Mumbi Ndung’u shares lessons on persistence, boundaries, and building impact. Dorothy Ooko breaks down career leverage, broad experience, and the power of financial freedom. Moonika Jugernfeldt explains long-term thinking, investing strategically, and why broad knowledge compounds over time.---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: https://lnk.bio/Financially_Inc💹 Ready to start trading?🔍 Who is FXPesa: https://shorturl.at/rWFqC🎓 Learn how to trade: https://shorturl.at/xR2Ye📊 Try a demo account: https://shorturl.at/izDMc💸 Open a live account: https://shorturl.at/Od2ux---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters00:00 Intro01:06 Meet Mumbi Ndung’u, Dorothy Ooko & Moonika Jugernfeldt03:18 Why We Take Things Personally09:42 Identity, Confidence & Leadership Pressure15:58 Investing in Yourself for Career Growth23:47 Broad Experience vs Early Specialisation31:26 Why Women Negotiate Below Their Value39:54 Money, Freedom & Financial Agency48:08 Entrepreneurship Sacrifices No One Sees54:36 Patience in Career Progression59:44 What Women Want vs What Women Need01:05:12 Advice to the Next Generation01:08:24 Final Reflections
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Most people chase job security. James Lubinga walked away from it.In this Uganda Edition, we sit down with the CEO of Paramount Images Studio to break down how he went from being a school teacher to one of the most sought-after wedding photographers in Uganda.What started as a side hustle shooting school events quietly grew into a business pulling in more than his salary. Then came the turning point. Scaling demand. Burnout. Pricing mistakes. And the decision to stop thinking like an employee and start building a companyThis conversation goes deep into the real economics of photography. The long hours behind a single wedding. The mistake most creatives make when pricing their work. And how branding turned James from “a guy with a camera” into a business handling multiple weddings in a single weekend.He also shares how Ugandan wedding culture created a serious market opportunity. Big budgets. Multi-day events. Clients willing to pay for quality. But also a gap in professionalism that still exists today.If you’re creative, entrepreneurial, or trying to turn a side hustle into a real business, this episode will challenge how you think about money, skill, and growth.---------------------------------------------------------------------------------------------------------------------------------Tagore Living Apartment - https://share.google/o2fVbZApFQ1tGWd7nFor all your production needs in Uganda: Contact: +256705098317 / +256786312218 | https://www.cinemaug.com/Access all our links in one place: https://lnk.bio/Financially_IncFor all your production needs in Uganda: Contact: 0705098317 / 0786312218 | https://www.cinemaug.com/💹 Ready to start trading?🔍 Who is FXPesa: https://shorturl.at/rWFqC🎓 Learn how to trade: https://shorturl.at/xR2Ye📊 Try a demo account: https://shorturl.at/izDMc💸 Open a live account: https://shorturl.at/Od2ux---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters0:00 Introduction0:32 Starting as a Teacher0:57 Photography as a Side Hustle3:53 Why He Fell in Love with Photography5:51 Growing Up and Money Lessons10:14 Why He Became a Teacher13:56 Buying His First Camera16:40 Making Money in Schools20:08 Leaving Teaching Behind24:08 Building the Business28:54 Learning to Improve Constantly30:17 First Wedding Experience34:18 What Makes a Great Wedding Album36:07 Scaling a Team41:56 Photography Industry Growth46:15 High Paying Weddings48:58 Business Model Today51:22 Training the Next Generation52:58 Uganda vs Kenya Weddings54:40 Market Gaps and Opportunities57:18 Money Mistakes and Lessons59:45 Final Thoughts
- Visa fler
