UNCEA Report – Kenya highest in Poverty Rise over 2 decades!

Even though Africa has made progress towards achieving MDG (Millennium Development Goals), some countries have actually seen a rise in Poverty Levels. Kenya had the highest rise in Poverty Levels in Sub-Sahara Africa in the 2 decades (1990-2010)  with a rise of 28.4%!

This report may have escaped your radar, but would like to bring it to your attention to realise how dire the situation is!

Poverty_reduction_30_African_countries_Viwanda

Based on 30 African countries for which at least two data points were available, collective poverty reduction efforts resulted in an 8.7 per cent drop in poverty over a period of eight years. The greatest reduction was in the Gambia,
which achieved a 32 per cent reduction, followed by Burkina Faso, the Niger, Swaziland, Ethiopia, Uganda and Malawi. Poverty declined by varying degrees in 24 out of the 30 countries analysed, from 0.1 per cent in Egypt to 32 per cent in the Gambia. However, poverty rates also increased in 6 of the same 30 countries, from an average of 0.4 per cent in the Central African Republic to 28.4 per cent in Kenya, which represent the lowest and highest increases over the same period. Increases in poverty were also notable in Mauritania, Nigeria and Zambia, whereas Madagascar, Sierra Leone and Tunisia registered significant poverty reduction over a period of eight years.

Build a Legacy, Touch Freedom

We are living in a golden age of OPPORTUNITY in South Africa!

Property and Real Estate investments have never been more accessible to the general public than today! It is your time to claim this Right! To do this, you need the knowledge and skills. You need to get this book before you get started on the journey of Property Investment! It is the definitive guide to  investing in Property in South Africa.

Have you ever thought of earning passive income through property? Or building a property portfolio to create wealth? It always sounds hard, intimidating and complex to say the least! You think that this is for the chosen few and you cannot do it on your own. This is a book that will change all that!

In this revolutionary, practical and easy-to-read book, Dr Chomba Chuma guides you through manageable steps on investing in property and building a portfolio. The idea behind the book is to build up passive income using a sustainable wealth to be left for future generations, thereby allowing the reader to leave a legacy that outlives them and benefits not only their children and grandchildren, but their future generations.


Author | Entrepreneur | Business Leader

The outline is based on six steps that the reader can follow to build their property portfolio. 

  1. Step 1 – The Property Investment Strategy
  2. Step 2 – Entity of Ownership
  3. Step 3 – Property Presentation
  4. Step 4 – Property/Mortgage Finance
  5. Step 5 – Property Registration
  6. Step 6 – Rental Management of the property.

This guide is incredibly insightful and makes property investment seem so much more approachable, even for the novice.

Ideas without focus and energy are DEAD!

When is the last time you stunned yourself? My latest venture into business has caught me by surprise. Previously, I have churned out loads of ideas into business, but this time I have to admit that I have literally dazed myself! Continue reading “Ideas without focus and energy are DEAD!”

How outsourcing can enable your dream business

Embracing outsourcing ,instead of hiring more people in order to grow your business, can accelerate the success of your dream business, especially for those entrepreneurs who are not working with huge budgets to begin with.

Much like any other business strategy, if you do not implement outsourcing in your business carefully and properly, it will not work.

The trick is to treat your outsourced providers much like you would treat staff that you hire yourself. In this way they become as much a part of your team as your hired staff are, working off the same systems, receiving your company training and even becoming a part of your culture to a large extent.  The only difference is that these are human resources that are not on your payroll.

Here is how and why outsourcing can enable your own dream business and your truth:-

Outsourcing enables you to build freedom

Working less and having more freedom while still generating really good income is something that you build into your business over time. Working hard in the early stages to get strong outsourced providers in place who deal with key aspects of your operation can mean you doing less in future while still earning good money. Having other people and companies run your operation for you can also enable you to travel while you instruct them from anywhere in the world.

Outsourcing enables you to build more infrastructure, more quickly , at lower costs

The cost of an outsourced provider often includes them using their own infrastructure to offer you their service. This means that by outsourcing, you could automatically be accessing far more operational resources than what you would be able to build into your own business with your existing budget.

Outsourcing enables access to higher skills sets at reduced costs

Putting a highly skilled person on retainer and having them invoice their services to you every month as required is often a lot cheaper than hiring highly skilled individuals on a permanent basis. There are many highly skilled individuals who prefer to offer their services as entrepreneurs than to have to work for a boss.  This also enables the flow of money across fellow entrepreneurs and mutual support of entrepreneurial services.

Outsourcing enables you to grow your support functions with less hassle

Support functions like administration and other repetitive tasks can be outsourced and managed by an outsourced staffing company on your behalf. Once you get the systems and processes right with one outsourced staff member from an outsourced staffing company, they simply have to keep hiring and managing more staff for you who can do the same tasks as your business grows.

Outsourcing gives your business and your dream greater flexibility

As your business and dream shifts, changes and grows, you have a more flexibility with outsourced staff companies who can supply you with different staff and staff functions as and when you need it.  You can also add or eliminate other outsourced providers who are invoicing you for their specialized skills sets on retainer.

Being True to Yourself through your Business Model

Big dreams and inspired visions often get diluted and distorted by the daily grind of business. In order to be more true to yourself through your business, you need to learn how to be true to yourself through more than just your product or service.

You need to learn how to reflect your truth in the many other components of your business model.

In this way, you will create a more rewarding business that keeps your dream on track, reflects you as a person and reflects your changing life journey, while still being strategically sound from a business point of view.

In order to achieve this, you should create what I call “synchronised life/ business strategies” for the many different components of your business model. Each strategy should explore both sides of the equation: will this give me personal reward? / will this make me money? These form the foundation of theTrutrepreneur®methodologies I have created.

For example:-

  • How can you be more true to yourself through your product or service offering?
  • How can you be more true to yourself through your customers?
  • How can you be more true to yourself through your marketing and sales strategies?
  • How can you be more true to yourself through your staff?
  • How can you be more true to yourself through your suppliers?
  • How can you be more true to yourself through your work environment?
  • How can you align your truth to business strategies that still make good profit?

Strategies imply that it takes time and effort to make them a reality.

It thus makes even more sense to synchronise your life and business strategies, as they are then able to play out together, instead of time and energy being wasted on one-dimensional strategies that makes you money but do not make you happy, or that make you happy but that do not make you money.

If you take the time to do this properly, your entire business journey can become a reflection of the life journey you wanted to create for yourself, instead of just a partial reflection. 

Fuller Expression of Life

How do we express ourselves fully , how do we truly connect with the people we LOVE , the charities we want to SUPPORT and be impactful and change the world to be a better place.

I believe we need to really be AUTHENTIC and in our journey of AUTHENTICITY we must create WEALTH and not for our own selfish “WANTS “but we should remember that GOD owns everything and all we are are STEWARDS … we are given things to look over and to use effectively not only for our own benefits but also for the benefits of others.

If you cannot be trusted with $5000.00 what makes you so delusional in THINKING that you can be trusted with $1 million … it is never going to happen , so we need to re-examine our MOTIVES for wanting to create WEALTH , if it is for our selfish WANTS … then we do not deserve to have it.

The Bible says that GOD will touch men to bring unto our bosoms enough for our needs and the needs of others … this is the MYSTERY of MYSTERIES … men will bring , you will engage in trade using your GIFTS and TALENTS and men will honor you by giving you MONEY which is for our NEEDS and the NEEDS of OTHERS … so when you see people GIVING not from GUILT but from a space of STEWARDSHIP … you must know that they have DECODED the MYSTERY of MYSTERIES and therefore they have and are giving a FULLER EXPRESSION OF LIFE … you can become a BILLIONAIRE , it is within your reach …

HOWEVER the QUESTIONS is WHY do you want to be a BILLIONAIRE … examine your MOTIVES and once you get to the space of TRUTH and AUTHENTICITY … then things will happen for you … only when we move from a place of TRUTH and HUMILITY and not DECEPTION and PRIDE then … we will be TRUE STEWARDS … and experience a FULLER EXPRESSION OF LIFE … join us on the 26th July 2014 to UNLOCK YOUR MILLIONAIRE CODE …and learn the POWER OF STEWARDSHIP …go to www.billyselekane.com to buy your ticket .

Building Wealth in Property

18-NOV-2008 | Maryanne Maina

MUMBI Properties helps clients protect their assets in trust structures, which enable them to accumulate an infinite property portfolio and eventually wealth in property.

 Seven teams of experts are brought in to set up the right structures for wealth protection and specifically to build a healthy property portfolio.

“The teams we use include: trust attorneys, trust accountants, risk managers, portfolio managers, real estate agents, property finance mortgage originators and rental management,” said Dr Chomba Chuma.

Chuma further explained his role at the organisation and how he landed in this industry.

“I am managing director of MUMBI-Wealth Evolution! and responsible for the overall strategic and operational running of the company. My work involves looking into the future, making decisions on our strategic alliances and planning ahead how the organisation should run. This involves planning, forecasting and providing overall direction for the group.

“I am also involved in the general coordination of the operational relationship of all the seven different divisions. I ensure that they talk to each other and work harmoniously to provide good service to all our customers within the company’s client base.”

Chuma is a medical doctor by profession, but real estate has always been his passion.

He graduated with a medical degree in 2000. After joining the pharmaceutical industry, he did a management diploma with Unisa from 2003 to 2004.

“Thereafter I joined Mancosa where I did my MBA with an elective in portfolio management. I am also a certified estate agent with the Estate Agency Affairs Board that oversees all the estate agency affairs in South Africa,” he said.

“After completing my internship and practising for a year, I was employed by a multinational pharmaceutical company as a medical adviser for sub-Saharan Africa.

“Immediately after, I started looking for property investments and bought the first few properties under my name. After two years, we started a mortgage origination company, Mortgage Africa, targeted at foreign nationals living in South Africa since we could arrange 100percent bonds on properties bought.

“This was my entry point into real estate. We arranged property finance for a large number of foreign nationals with work permits and purchased property.

“However, after a few years we realised that there was a need to provide properties to our client base as well. There was a need to have a fully fledged real estate agency to do this and we consequently registered MUMBI Properties for this purpose,” he said.

“I learnt about the use of trust structures, which could offer protection to my investments and assist me to get an infinite property portfolio. This bore the idea of MUMBI-Wealth Evolution!, which advocates the use of right structures, right experts and right properties to acquire an infinite property portfolio,” he said.

The company has more than 1500 clients and Chuma envisions enlarging this database in the future to include more people who are passionate about property as a way of creating and protecting wealth.

“My inspiration to succeed is driven by two things. Firstly, is to offer value to my clients and ensure that they succeed with their property investments. There is nothing more satisfying than a happy client who sings your praise (or the company’s praise) for a job well done.

“In addition, our clients are with us for the long haul. We both have an understanding that we shall manage their investments for a very long time, probably a lifetime. Secondly, the wealth and financial freedom that one gets from property investment is a major inspiration.”

It is crucial to have strong organisational skills to keep all the operations of the business running smoothly. A good command of financial skills is also important to keep an eye on the figures.

Most importantly though, is the passion for the work, a desire to succeed and motivation to keep going even in tough times.

Article available online – http://www.sowetanlive.co.za/sowetan/archive/2008/11/18/building-wealth-in-property