Wachica Group of Companies

01/03/2024

15/02/2024

Create customers account at https://wachikart.com for more deals/offers/ discount as we do timely delivery...

29/05/2023

https://wachikart.com

04/08/2022

Nokia CEO ended his speech saying this “we didn’t do anything wrong, but somehow, we lost”.

During the press conference to announce NOKIA being acquired by Microsoft, Nokia CEO ended his speech saying this “we didn’t do anything wrong, but somehow, we lost”. Upon saying that, all his management team, himself included, teared sadly.

Nokia has been a respectable company. They didn’t do anything wrong in their business, however, the world changed too fast. Their opponents were too powerful.

They missed out on learning, they missed out on changing, and thus they lost the opportunity at hand to make it big. Not only did they miss the opportunity to earn big money, they lost their chance of survival.

The message of this story is, if you don’t change, you shall be removed from the competition.

It’s not wrong if you don’t want to learn new things. However, if your thoughts and mindset cannot catch up with time, you will be eliminated.

Conclusion:
1. The advantage you have yesterday, will be replaced by the trends of tomorrow. You don’t have to do anything wrong, as long as your competitors catch the wave and do it RIGHT, you can lose out and fail.

To change and improve yourself is giving yourself a second chance. To be forced by others to change, is like being discarded.
Those who refuse to learn & improve, will definitely one day become redundant & not relevant to the industry. They will learn the lesson in a hard & expensive way

28/04/2022

Starting with 2 Stories:
1. Yahoo refused Google
2. Nokia refused Android

Moral:
1. Update yourself with time, else you will become obsolete
2. Taking no risk is the biggest risk. Take risks and adopt new technologies.

2 more stories:
1. Google acquired YouTube and Android
2. Facebook acquired Instagram and WhatsApp

Moral:
1. Become so powerful that your enemies become your allies
2. Grow fast, become big, and then eliminate competition

2 more stories:
1. Barack Obama was a ice cream seller
2. Elon Musk was a worker in a lumber mill

Moral:
1. Don’t judge people based on their past jobs
2. Your present doesn’t decide your future, your courage and hard work does

2 more stories:
1. Colonel Sanders created KFC at the age of 65
2. Jack Ma who was rejected by KFC founded Alibaba

Moral:
1. Age is just a number - you can be successful at any age
2. Never ever give up in life - only those who never give up win

2 final stories:
1. Owner of Ferrari insulted a tractor maker
2. The tractor maker created Lamborghini

Moral:
1. Never underestimate or disrespect anyone
2. Success is the best revenge

You can be successful at any age and from any background.

Dream big. Set goals. Work hard.

Never ever give up in life. Go ahead.

17/03/2022

It is easy to determine how much you are worth by looking at your electricity bill. That bill never lies

Wealth leads to a bigger energy footprint. You buy more electrical appliances as you grow wealthier. From the rich with heated swimming pools to the very poor who share power bills, it's a true reflection of a persons wealth

Similarly, world lending institutions will analyse a countries energy footprint to determine it's a credit worth. South Africa maintains the lead in Africa with a total connected load of 55,000 megawatts, obviously, this power does much more than run instant showers and charging mobile phones ,real industrial scale production happens here and therefore the country can get more money from lenders compared to other African nations

That is why Kenya must think of expanding its energy footprint. The discussion should not centre around how much is produced but how much is consumed. We can start by taking 1000MW to SGR to electrify Mombasa Naivasha railway line.

Kenya is about to get connected to the grand renaissance hydro dam in Ethiopia that will produce 6000MW of cheap power. Ethiopia does not have the capacity to consume all that energy, needless to mention that electric power cannot be stored, one can only produce what is enough for consumption

The next step is to face out the petroleum fueled taxis in Kenya in 4 years such that all taxis will be electric by 2024. This is in line with Europe slow faceoff of fossil fuel. We import cars from Europe and Asia, if we do not invest in electric cars infrastructure now, we will have to buy expensive fossil fuel-run cars when the rest of the world will be going green.

Electric car infrastructure includes but not limited to charging stations. Real estate planning constructed with parking space-charging station connected to an individual house such that charging bills goes straight to the house/car owner.

A larger energy footprint will mean a bigger energy sector, more employment and favourable terms with international investment portfolios.

03/01/2022

Happy New Year 2022

03/01/2022

Paul Wanderi Ndung’u is a Kenyan multibillionaire who had been successful at maintaining a low profile until trouble began brewing at the betting giant firm SportPesa.

He was born in 1966 and as of 2021 he is 55 year old.
He began his first job in 1991 as an Accounting clerk at Uchumi Supermarket and after an year went into Pioneer General Assurance as an Accountant and Investment officer. These were his earliest exposures to the finance world and he got an opportunity to hone his skills in investments.

Paul Wanderi Ndung’u was the first Kenyan to be awarded a Forex Bureau license in 1995...
This was exactly an year after Kenya liberalized the Forex industry.
From his travels in Uganda and Egypt, he found out that forex was a profitable venture and wanted to be a part of. He has gone on to set up three forex bureaus, all of which he serves as the Group Managing Director. These are Glory Forex Bureau Limited, The Village Market Forex Bureau Limited, and Taipan Forex Bureau Limited.
Paul has indeed made a fortune from the bureaus which are reported to make up to 15% in profit margins.

In 2001, he also borrowed from good practice in other African countries and ventured into telecommunications, setting up the once high-riding Mobicom International Limited. Mobicom worked as Safaricom’s dealer selling phones, accessories, and scratch cards across forty-two outlets in Kenya. The firm was grossing approximately $50,000,000 in annual revenues and after a fallout with Safaricom over dealership terms, they ended the partnership. Afterward, Mobicom joined Orange, and later Telkom. The company’s revenues gradually but constantly dwindled now becoming only a shell of what it was before.

Paul Ndung’u attributes most of his wealth growth to his trading on the Nairobi Stock Exchange and exploring other bourses around the world.
You see, back in the late 90’s and early 2000’s as an Accountant, Paul Ndung’u started investing in the Nairobi Stock Exchange, and international bourses, quietly. He would later proceed to be one of the most prominent investors on these bourses.
The question nobody asked was where did the seed capital to grow such an impressive portfolio come from in the first place? How does one make such exponential returns in a relatively indolent stock market?
Some of the companies that Paul Ndung’u invested in heavily are; Kenya Airways, K.P.L.C, EABL, CMC, etc etc....it's in the public domain how the said companies are performing

For example, in 2002, he said he thought the Kenya Power shares were being undervalued when each was being sold at Ksh 1. He went on to purchase 1 million shares holding them for an year and in 2003, sold each at the appreciated value of Ksh 6 per share.
In one year, he had made Ksh5 million without breaking a sweat. This was not the end of his trades as he took his hard earned money, added a loan, and went on to purchase 6 million Kenya Airways shares that were selling at Ksh 6 each. After three years, he began disposing off the shares at Ksh 120 each. His NSE portfolio in the 2000s was valued at Ksh 4 billion.
When asked about his evaluation of companies to invest in, Mr. Ndung’u had this to say: “I invest in private companies with the potential to capture the regional market. I have invested in eight private companies. I am currently evaluating others.”

29/11/2021

How Twiga Foods grew from a car-boot banana business to a Billion brand.

Peter Njonjo, co-founder and CEO of Twiga foods had a vision of revolutionizing the food industry. Together with his business partner Grant, they had identified an opportunity to export bananas to the Middle East. After making contact with Middle East companies and taking a very large order of bananas, Peter and Grant set about fulfilling the order through local farmers. Unfortunately, they weren't able to import a single container, as it was hard to put everything together; the farmers couldn’t offer any traceability, there was no record keeping and agricultural practices were substandard. The local farmers couldn't tell the varieties they grew. Confronted with this reality, Peter and his partner decided to sell to local markets. Unable to access the wholesale market directly, Peter suggested selling the bananas out of car boots in the informal retail sector. It worked. They were able to sell the entire load of bananas at a profit. Through local selling, they discovered the inefficiency in the African food industry, due to retail fragmentation. This realization led to the formation of Twiga Foods, a business-to-business food distribution platform based in Kenya.

The food startup has since grown into a household name in Kenya, with tech being at the core of its operations. Today, Twiga buys produce directly from farmers, and pays them via m-pesa within 24hrs of collection. On the demand side, Twiga registers merchants in Nairobi who then place an order with a sales representative or directly on Twiga’s app. Upon receiving the order, Twiga dispatches via its distribution vehicles free of charge and in 24 hours. To optimize delivery, Twiga maps its vendors using geographic information system mapping and leverages its AI-enabled distribution platform to see who is ordering, where they are located, what the conditions of the road are, and how to best organize deliveries to maximize efficiency. It's now the single largest buyer of fresh produce in Kenya, servicing over 4,000 farmers and 35,000 shopkeepers. It also offers access to credit products through third parties, for both farmers and vendors.

21/09/2021

In 2016 ,the president launched a smart payment system in public transport sector , the intention was to formalize this business and make money in the matatu sector circulate in our financial system .The cartel in that sector frustrated it. A re-look into the failed cashless system is needed .This is the only way of killing the cartel in that sector and will also allow more people to invest in this lucrative industry