Kenyan online forex trading company 51 Capital has opened its doors in Mombasa targeting to train women groups’ on crypto currency and crypto farming.
Through an economic empowerment program dubbed Sista Sista, the company said that it was aiming to empower women groups to embark on mary-go-rounds as an economic empowerment initiative.
The company’s CEO Joe Kariuki said that as a start up, they were going to invest Sh.2000 into each group as a way of encouraging them to go on.
Kariuki said that their goal as a company was to invest in women so that they can be able to economically sustain themselves.
He added that through the Sista Sista program they were targeting to empower close to over 10,000 women training them on different economic and business opportunities available.
“We have been working with women helping them learn about crypto currency and we have a new initiative called Sista sista where we target to work with 1000 groups each with ten women to help them start Mary-go-rounds,” said Kariuki.
Kariuki said that the new branch in Mombasa will open more avenues to women and youth not only in the county but the coastal region at large.
He added that the need to venture into Mombasa was propelled by a group of 50 women from Mombasa who underwent various training programs with them sometime last year.
The company introduced the Kenyan version of Bitcoin that is known as Pessa Coin back in 2019.
Kariuki exuded confidence in Pessa Coin assuring those who had fears in investing in it that it was safe unlike the Bitcoin that has had issues of late.
“Crypto currency is a new thing in Mombasa unlike Nairobi, people have been talking about the crush of bitcoin but ours is block chained and cannot be affected,” he said.
Roslyn Tamre a resident of Mombasa and a beneficiary of the company’s trainings said that she has been able to acquire a lot of knowledge in coming up with business proposals.
She added that through the mary-go-rounds a lot of women whose small businesses were affected by the covid-19 pandemic will be able to bounce back.
For Jemimah Adhiambo, she said that empowering women was a vital thing to ensure the growth and stability of the economy.
“Women are engaged in a number of small businesses that are essential in contributing to the growth of the economy, by empowering them we are assured of a strong economy,” said Jemimah.