The book publishing industry in the country is an interesting one especially the school text book guys - I remember begging those guys to give us covers in soft and a soft copy of the price list so that we cold sell the same online and it was nearly impossible.
On the subject matter, I don't think digital text books will be common place anytime soon - it will be interesting on how kie makes better use of the new platform.

that clip is interesting, especially with the national school.
On the issue of investing in the traditional publishing house, I have no idea why anyone should even think of doing that - I think its an industry on its death bed.

The school text book segment is a monster, lots of middle men and chances for individuals to 'eat' and its true a lot of money ends up being lost, but you have to understand that's how most local publishers thrive - for now the official digitizing of content I think is firmly under kie, I don't know if they will open it up to others, its just too complex a system to control especially with third parties.

What Matiangi should do, I know its water under the bridge now, but I wish they went for subsidized ebook readers instead of laptops, tie in mobile payment and have an online book store the equivalent of an app store, parent/head teachers would then have the opportunity to buy whatever books that have been authorized in the store. Would be easy to track what has been purchased, its cheaper and theoretically everyone benefits, but we do not live in a perfect world.

More and more rabbits to chase without any rabbit stew on table . Keep chasing

Not a single client but many clients. If the max loan is 1.5mn then they can lend to 700 clients. Uber isn't the client, the drivers/owners are.

Plus monthly repayments reduce the actual amount loaned out on a monthly basis.

These rates are not APY/APR but 'flat-rate' loans whose real cost to the borrower is higher.

I used to think SACCO loans were cheaper until I found out they were at 12% 'flat rate' which meant the real rate was hovering at 20+% or so. Not much cheaper than a bank loan.

Correction it's billions not millions .wondering why we haven't recieved the financial results yet

@vvs, which SACCOs are those? the ones I belong to charge 12% reducing balance for normal loans of 48 months

I need to find SACCOs that will do that for me!

How? is it because of the deposit one has to maintain in the sacco earning say only 8%? But if the loan interest rate is reducing balance at 12% , how will the bank loan of 24% be cheaper?

@vvs, @swenani, it is possible I do not understand what reducing balance is but I thought I did. Have a look at this images from my sacco calculator and tell if it is reducing balance or not:



and this schedule: