Last week,
We raised an alarm over M-Kopa's predatory business model of putting a choke-hold on Kenya's low-income earners.
Today, it has been announced that M-Kopa reported a profit of KES 1.2 billion ($9.2 million) in 2024, bouncing from a loss of KES 3.2 billion ($24.7 million) in 2023.
Tell me if this is not neo-colonialism.
Making a profit of KES 1.2 billion in an economy where the people are struggling is diabolical.
It is immoral capitalism to make a billion profits in an economy where industries are fleeing and companies are downsizing.
Do you know who the investors of M-Kopa are?
• Generation Investment Management
• British International Investment
• Lightrock International Investment
• Among others
These are mainly British-owned commercial Investment companies extracting blood and sweat from ignorant Africans.
The ignorant person entering into a contract with M-Kopa thinks he has bought a phone,
He has not bought a phone, but he has sold his time, energy and attention to M-Kopa.
He has signed a contract to be a slave.
Tell me,
What is the difference between M-Kopa and William Mackinnon's Imperial British East Africa Company (IBEAC) of 1888 that oversaw the extraction of Afrikan resources through tyranny and slavery?
They are businesses built on the same model.
They are business that thrive on the poverty and ignorance of Afrikans.
They mislead Afrikans that they are connecting them globally through the railway line (Mobile phones) and then turn them into their servants.
The difference is that the 1888 servants were physically chained, while the 2025 servants are mentally chained.
But for fear of whips (1888) or debt (2025), they break their backs, sweat and blood serving the British Conglomerate.
WAKE UP!
