Connect with us

Bt Intelligence

Easy steps to maximise income from your online work

Published

on

Many Kenyans are working online but have no idea on how to optimally optimise earnings.

With the growth in technology and interconnectivity, online freelancing is gaining momentum. A minute on the internet should mint you enough money to make you smile. Even so, most people are not realizing the worth of their online work.

Freelance is like self-employment where you enjoy freedom and flexibility. You can have a choice, unlike official jobs. Also in most cases online money is not taxed by the Kenya Revenue Authority.

Despite having access to the internet, which exposes them to a lot of information, many people still don’t know the ways to maximize income. From freelance and academic writing to marketing and copywriting, there is a lot of money to be made online.

According to a study in the US commissioned by Upwork, the freelance workforce has grown from 53 million in 2014 to 55 million in 2016 and currently represents 35% of the US workforce. The freelance workforce earned an estimated $1 trillion (Ksh100 trillion) in 2016. This is such a promising field, that can reduce unemployment and increase wealth creation.

See Also: These are the best bloggers in Kenya

To make the best out of online freelancing, follow these tips:

Follow your passion: Passion is the key to success/wealth, and not the other way around. Do not do what other people do, but rather do what you like and what you think you can do best. This way, you can do a lot comfortably, hence earning more than you could get if you did everything that came your way.

Mr Walter Akolo, an online freelancer, says. “It is of utmost importance that you do what you are good at, if you want to achieve more, and go far,” he notes.

Use methods/organisations that work in your locality: Some online employers may offer the best rates, but may not be compatible with systems at your country/locality. This may waste a lot of your time, leading to losses due to unpaid dues.

“There are some methods which simply won’t work here (Kenya). For example, someone will inform you on how to earn through ClickBank, which does not work in Kenya. There are also many people who will tell you to look for data entry jobs or try Google AdSense. These are good but will only earn a pittance or nothing at all,” warns Mr Akolo.

READ: Seven steps to build a strong online brand

Be patient: “It takes time to build a successful online career. If you decide to go the website way, which is very advisable, it may take six months to even a year before you start realizing a good stream of income,” says Mr Akolo.

This simply tells us experience is core to stabilizing any online career. Just like any employer, people/organisations offering online jobs need to see a consistent, speedy and accurate character that can be relied upon.

Optimize your platform: If you go the website way, make sure you use the right Search Engine Optimization methods for you to attain the required traffic. Advertisers will always move to platforms that have a lot of regular traffic.

Be an entrepreneur: After getting established, get a team to work for you. You can hire writers, account managers and marketers to move to the next level. This way, you also inspire others to take up the challenge and start the online career.

[crp]

Editor and writer at BUSINESS TODAY, Muli has a passion for human interest stories that have a big impact on economic development. He holds a BSc in Communication and Journalism from Moi University and has worked for various organisations including Kenya Television Service. Email: [email protected] or [email protected]

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Bt Intelligence

Researchers find first-ever Android ransomware

DoubleLocker is distributed mostly as a fake Adobe Flash Player through compromised websites. Once launched, the app requests activation of the malware’s accessibility service, named ‘Google Play Service’.

Published

on

ESET researchers have discovered DoubleLocker, an innovative Android malware that combines a cunning infection mechanism with two powerful tools for extorting money from its victims.

Detected by ESET products as Android/DoubleLocker, it is based on the foundations of the banking Trojan Android.BankBot.211.origin, renowned for misusing accessibility services of the Android operating system, which is a popular trick among cybercriminals.

“DoubleLocker’s payload can change the device’s PIN, preventing the victim from accessing their device and encrypts the victim’s data. Such a combination hasn’t been seen yet in the Android ecosystem,” comments Lukáš Štefanko, ESET Malware Researcher who discovered DoubleLocker.

DoubleLocker spreads in the very same way as its banking parent does. It is distributed mostly as a fake Adobe Flash Player through compromised websites. Once launched, the app requests activation of the malware’s accessibility service, named ‘Google Play Service’.

After the malware obtains the accessibility permissions, it uses them to activate device administrator rights and set itself as the default Home application, in both cases without the user’s consent.

“Setting itself as a default home app – a launcher – is a trick that improves the malware’s persistence. Whenever the user clicks on the Home button, the ransomware gets activated and the device gets locked again. Thanks to using the accessibility service, the user doesn’t know that they launched malware by hitting Home,” explains Stefanko.

Related: Govt puts banks on high alert over cyber attacks

DoubleLocker however lacks the functions related to harvesting users’ banking credentials and wiping out their accounts, but which can be added easily.

“Given its banking malware roots, DoubleLocker may well be turned into what can be called ransom-bankers. Two-stage malware that first tries to wipe your bank or PayPal account and subsequently locks your device and data to request a ransom”, says Stefanko who adds that a test version of such a ransom-banker was spotted in the wild as long ago as May, 2017.

ALSO SEE: Firms can use the cloud to block cyber criminals

 DoubleLocker, once executed on the device, creates two reasons for the victims to pay.

First, it changes the device’s PIN, effectively blocking the victim from using it.  The new PIN is set to a random value which is neither stored on the device nor sent anywhere, so it’s impossible for the user or a security expert to recover it. After the ransom is paid, the attacker can remotely reset the PIN and unlock the device.

Second, DoubleLocker encrypts all files from the device’s primary storage directory. It utilizes the AES encryption algorithm, appending the filename extension “.cryeye”.  The ransom has been set to 0.0130 BTC (approximately USD 54 at time of writing) and the message highlights that it must be paid within 24 hours. However, if the ransom is not paid, the data will remain encrypted and will not be deleted.

Encrypted-files-169x300 Researchers find first-ever Android ransomware

Figure 1: Encrypted files on a device infected with DoubleLocker

 

Encrypted-files-169x300 Researchers find first-ever Android ransomware

Figure 2: DoubleLocker ransom messages

 

In the ransom note, the user is warned against removing or otherwise blocking DoubleLocker: To prevent unwanted removal of the “software”, the crooks even recommend disabling the user’s antivirus software.

“Such advice is irrelevant: all those with a quality security solution installed on their devices are safe from DoubleLocker,” comments Štefanko.

SEE: Ransomware: Should you pay cyber criminals?

To clean your device of the DoubleLocker for devices that are not rooted and which don’t have a mobile device management solution installed capable of resetting the PIN, the only way to remove the PIN lock screen is via a factory reset.

If the device is rooted, then the user can connect to the device by ADB and remove the file where the PIN is stored. For this to work, the device needs to have debugging enabled (Settings -> Developer options -> USB Debugging).

The PIN or password lock screen will be removed and the user can access the device. Then, working in safe mode, the user can deactivate device administrator rights for the malware and uninstall it. In some cases, a device reboot is needed.

“DoubleLocker serves as just another reason for mobile users to have a quality security solution installed, and to back up their data on a regular basis,” concludes Štefanko.

Continue Reading

Bt Intelligence

Former Nation CEO owed Sh56m by struggling retailer

Mr Gitahi says numerous boardroom talks with Nakumatt management have yielded little, forcing the company to move to court

Published

on

Mr Linus Gitahi is the owner and chairman of Tropikal Brands, which has been supplying Nakumatt with various products.

Former Nation Media Group CEO Linus Gitahi is among creditors and suppliers owed hundreds of billions of shillings by Nakumatt. Mr Gitahi, the owner and chairman of Tropikal Brands, is owed Ksh56.3 million by the struggling retail chain, which has lately been facing cashflow difficulties.

Mr Gitahi says numerous boardroom talks with Nakumatt management have yielded little, forcing the company to move to court.

“We have watched the company deteriorate for about a year now,” Mr Gitahi is quoted as saying by Business Daily. “Following negotiations, they started issuing us postdated cheques which at some point started bouncing.”

Even with these credible signs of financial weakness, Tropikal Brands continued supplying its products to Nakumatt, which include air fresheners and pesticides among, “because they were a major retailer.”

READ: Linus Gitahi returns to Aga Khan empire as director

Gitahi is among a number of wealthy industrialists who are trawling the retailer seeking settlement of debts worth billions of shillings. Most of them have moved to court to secure their dues.

The list of Nakumatt’s prominent creditors also includes the Kenyatta family (Brookside Dairies), Chris Kirubi (Haco Industries), Kimani Rugendo (Kevian Kenya).

Brookside, whose executive chairman is Muhoho Kenyatta, is owed Sh457 million. Mr Kirubi is claiming Sh71.8 million, Mr Rugendo (of the Pick ‘N’ Peel brand) Sh90.2 million while Mr Gitahi is seeking to recover Sh56.3 million from the retail chain.

The row between the Ndegwa family and Nakumatt over the occupancy of Nairobi’s Junction Mall exposed the intensity of bad debts wars the supermarket is fighting against wealthy industrialists.

The Ndegwas, who are successors of former Central Bank of Kenya governor Philip Ndegwa, on Saturday night ejected Nakumatt from the Junction Mall where it holds a majority stake, citing failure by the retailer to pay the tens of millions shillings it owes in rent arrears.

The contractual disputes, which have been boiling under for a year, finally burst to the surface, dragging the reclusive Ndegwa family into the limelight they have avoided for years despite having their footprints all over the national economy.

Nakumatt’s problems were complicated this week by the resignation of the chief marketing officer, Mr Andrew Dixon, barely 10 months after he was appointed.

ALSO SEE: Nakumatt exposes family-owned chains’ struggle to adapt 

Mr Dixon is the former executive of UK-based retailer Tesco. He had been appointed to be Nakukatt’s chief marketing officer help boost Nakumatt’s strategic outlook and consumer engagement. Mr Dixon confirmed his departure via his official twitter page and a text message he directed to Citizen Digital.

This is the second high profile management exit from Nakumatt following regional and strategy director Thiagarajan Ramamurthy who left in April to become the chief executive officer of Bidco Africa.

Nakumatt is involved in takeover talks with Tuskys Supermarkets for a merge as well debt restructuring negotiations with lenders.

Nakumatt has been plagued by acute stock shortage as suppliers severed ties over unpaid deliveries forcing the retailer to close as many as four of its stores in Kenya.

READ: How Kenya has turned into a beggar’s paradise

Continue Reading

Bt Intelligence

Tuskys and Nakumatt reach management deal

Published

on

The two families have engaged transaction advisers who are working on the deal before it is presented to the Competition Authority.

Nakumatt and Tuskys shares will be owned by a holding company to be formed as part of the merger deal between the two retailers.

The two, which control the retail business in the country, are currently reviewing the structure of the two businesses to facilitate the merger process, The Standard reported today, quoting an inside source. “The new company will own all the shares of the two entities. It is still too early to know who will own what stake in the new entity, whose name has also not yet been agreed on,” the source told Standard.

Though details of the deal remain scanty given the secrecy that has characterised the family businesses, it is also understood that the two firms will leave a number of shares to be sold to a private investor at a later date.

RELATED
Why Tuskys and Nakumatt are perfect mates
The real trouble with Nakumatt

“In the end, there will be a company whose shares will be owned by the two entities after it is determined what share each would own. This will allow the two firms to continue operating as separate entities,” said the source who is not authorised to comment on the negotiations.

He said the two families have engaged transaction advisers who are working on the deal before it is presented to the Competition Authority. Negotiations are also ongoing about the fate of the two retailers’ staff after the merger.

The retail chains issued the first joint statement last week confirming the merger talks but pointed out that the process was complex and would require some time to complete.

Cash flow crisis The merger is expected to offer Nakumatt Supermarkets a lifeline in dealing with a painful cash flow crisis and bringing back stock to its empty shelves. The deal is being described as a ‘homegrown solution’ to the retail chain’s troubles.

The entities last week formed a caretaker management team that comprises executives drawn from the two firms. Audit firm KPMG is providing transaction advisory services for the merger. In exchange, Tuskys, which still enjoys some supplier goodwill, will offer Nakumatt access to stock from its retail value chain.

READ: Business started with hotel tip grows to Sh3.5 million

The retailer’s current position is a far cry from its former stature when its ‘You Need It, We’ve Got It’ tagline promised shoppers a vast variety of goods. It had 66 branches in the region before it began closing them, weighed down by piling supplier debt and unpaid rent. According to a recent report released by the Ministry of Industry and Trade, Nakumatt led in debts to suppliers, owing Sh278.9 million by December last year.

Continue Reading

Bt Intelligence

GDC CEO gets mixed up in hiring of senior manager

Johnson Ole Nchoe is embroiled in an internal cold-war with a section of management who see him favouring one candidate for communications manager position

Published

on

Johnson Ole Nchoe, CEO, Geothermal Development Corporation: Said to have contracted the communications manager after she resigned.

Tension is brewing within the Geothermal Development Corporation (GDC) boardroom as the company scouts for an in-house communications and marketing manager.

The company’s CEO, Mr Johnson Ole Nchoe, is embroiled in an internal cold-war with a section of the board and management who see him favouring a former GDC communications manager, Ruth Musembi, who left two years ago.

The post of corporate communications and marketing manager fell vacant in March 2015 after Ms Musembi resigned under unclear circumstances, claiming to have done so under duress. She even requested the human resource office to release part of her pension.

Her resignation letter dated March 16th 2015 indicated she would cease being a GDC employee on 30th April, 2015.

“I have tendered my resignation effective today,” she wrote in her resignation letter seen by Business Today, which was sent to human resources general manager Irene Onyambu and copied to the managing director and the general manager for corporate affairs.

“I will serve one and a half month notice and utilize my outstanding 30-day for the rest of the notice. Please, organize my final dues. I would like to access the portion that is permitted under the law.”

Ruth-Musembi-GDC GDC CEO gets mixed up in hiring of senior manager

Ruth Musembi: Resigned from GDC in 2005 and set to make a comeback.

SEE: CNN reports on geothermal energy in Kenya

Four months later, in August 2015, she was back at GDC after being rehired under a one-year contract without competitive interviews being conducted.

The contract was silently renewed in 2016, according to insiders at GDC, in breach of the company’s hiring policy.

Meanwhile, after returning on board on contract, Ms Musembi, who worked earlier for NEMA as communications manager, is said to have immediately hired a PR agency linked to her to manage the company’s communication needs, at a time the communications department was seen to be overstaffed yet underworked. This elicited protests from the staff who collected signatures in a petition to denounce the act.

These so-called whistle-blowers were reportedly punished by being transferred to different departments. “The then general manager Christopher Leparan and the CEO Johnson Ole Nchoe desperately invoked the transfers as a mechanism to punish the staff,” said the source. “The transfer allowances paid to the staff ran into millions of shillings.”

SEE ALSO: Disabled man losses his Sh3 million bus to auctioneers

Two and a half years after resigning, Ruth Musembi is set to make a comeback as to GDC’s payroll, if the CEO has his way.  Her contract ended on 31st August 2017, in a move that is likely to cause uneasiness in the board as well.

In June 2017, GDC advertised the post internally. The advert, which read as if crafted to suit Ms Musembi, a former teacher, required a minimum of 12 years of experience as a manager among others, in what was seen as a ploy to lock out younger managers in the department who would be interested in the job.

Ironically, when GDC advertised for the post of General Managers, a more senior position, it asked for only five years’ experience. The staff union protested against the internal advert, and it was silently pulled down.  The company then advertised externally in the newspapers but reduced the number of years of experience from 12 to 10, with 5 as a manager.

Continue Reading

News Updates

Politics4 hours ago

Matiang’i declares October 26 a public holiday

Acting Interior Cabinet Secretary Fred Matiang'i, in a Kenya Gazzete notice, said the move will allow Kenyans take part in...

Economy23 hours ago

Kenya shilling suffers fresh beating

Central Bank of Kenya governor Patrick Njoroge, however, says Kenyans are resilient enough and would override current political upheavals even...

Education1 day ago

Dons rush to get PhDs as deadline nears

University teaching staff are required to have attained qualification by early next year but some lecturers are opposed insisting quality...

Politics1 day ago

Chekubati directs Chiloba team to quit

IEBC chairman says he will not accept to go down as the national returning officer who plunged the country into...

Politics1 day ago

Uhuru calls for prayers ahead of fresh poll

Now as we walk towards the 26th of October, as a God-fearing people, we beckon our God to give us divine...

Politics1 day ago

Raila: I was detained at Wanjigi’s home

The NASA leader says the officer in charge of the operation told him not to leave after receiving orders from...

Politics1 day ago

Dr Roselyn Akombe Resigns; Here’s her full statement

We need just a few men and women of integrity to stand up and say that we cannot proceed with...

Politics2 days ago

Police find guns at Jimmy Wanjigi’s home

The raid on the well-appointed Muthaiga address happened after police raided another house in Malindi and recovered five guns and...

Politics2 days ago

Court lifts ban on Nasa protests

Justice John Mativo said the suspension would be in effect until NASA chief executive officer Norman Magaya’s case is heard...

Economy2 days ago

Drawn-out vote increases risks for investors, IMF says

Bretton Woods institution avers prolonged election period has increased risks for investors and traders, in turn leading to a slowdown...

Advertisement

Trending