The Vault 2.0: The Roof Top Party


the vault december edition copy

The Vault, as the name suggests, is a medium through which Christian hip hop artists get to share the treasures that God wants to reveal to each and every person through His Word. With lyricism, rhymes, poetry and a journey of their experience in ministry and in salvation, these Kingdom ministers are set, not only to entertain but to point this generation to Christ.

The bi-monthly event was an idea of five close friends who shared a common love for Hip Hop music. The concept behind the vault was to create a platform where hip hop and poetic artists in Kenya and around the world can get an opportunity to showcase their talents without any limitations.

Dan Gee, one of the people behind the event says, “We found out that compared to artists from other genres, hip hop artists in Kenya barely get the opportunity to perform in this other events and most of them end up discouraged and eventually giving up on their dreams, it is for this reason that the Vault concept was born.”

The bi-monthly event aims at getting the artists this opportunities, exposure, mentorship and also training them on how to become artists of international standards. The idea behind having the event once in 2 months was to kill the monotony of having a monthly event, and also have people looking forward to the event.

The 2nd Edition will be held on Sunday the 16th of December 2012 at the Abondoz Restaurant Roof top that is situated at the Luther Plaza, along Uhuru highway opposite the central park as from 2PM to 8PM; this edition dubbed ‘the roof top party’ is set to be a Christmas party that all Hip hop fans will remember for a long time.

The 1st Edition, read about it here, was held in October 2012 at the Kenya National Theatre and was an instant hit, with performances by some of the best hip hop artists in Kenya, including Maluda, S.P.A.T, Kelele Takatifu, H3, Dan-gee, Nasara the poet among others.

The 2nd Edition will have one of Kenya’s pioneer hip hop artist and multiple award winner Holy Dave perform as the Focus artist of the day, Holy Dave is widely known for hits such as not a joke, Niko na reason, press on and his recent runaway hit Ni Msoh. He will also be sharing about his life, journey and music ministry.

Other performing artists include: veteran poet Number 8, Signature, Treble, B4C, G-Cho Pevu, Alex Newnique and TIO. On the wheels of steel will be the Vault’s official deejay Ken Tha DJ backed by one of the leading Gospel Hip hop deejays in Kenya, the one and only Deejay Gee Gee of the Tri Crew.

This Edition of the Vault is proudly sponsored by Butterfly Republic, CPR Radio, Kelele Republic, Epic Concepts and X-hoodz Entertainment.

If you are a hip hop enthusiastic, come bang your head to your favorite tunes mixed by your favorite Deejays. If you are not a hip hop fan, come hear what the best in hip hop have to offer as you enjoy the energetic performances, the beautiful view of Nairobi from a roof top, great food, great company and some Barbeque.

Lets go over the details again (which are on the poster):

Event: The Vault 2.0 – The Roof Top Party.

Venue: Abondoz Restaurant Roof Top

Time: 2PM to 8PM

Main Artist: Holy Dave

Other Performing Artists: Number 8, Signature, Treble, B4C, G-Cho Pevu, Alex Newnique and TIO

Damage: USD 2.34 (with the current prevailing rates) or Kshs. 200.

Also read about the event here by Ascofu. Like the Vault’s facebook page here follow the them on twitter here and RSVP the event on facebook here.

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ZIADA Nairobi Worship Experience: How it went down


Have you ever been speechless? Speaking for myself, yes I have and still am. And this feeling of speechlessness has infected my pen such that I lack words to describe the experience. I blame all this predicament on the ZIADA team of Zidi the Band, Adawnage and Number 8 for the wonderful peace concert, ZIADA Nairobi Worship Experience, held as Kenya celebrated it’s 49th Birthday on 12.12.12. The event featured other wonderful artists such as Nasara the poet, Carlisto, Mercy Wairegi, Beat Marvel, Gerriey Wainaina, Makena and Mwanga Band.

Everything about the event was awesome: From the praise and worship led by ZIADA to the live performances – which were backed by ZIADA – of Nasara, Carlisto, Mercy Wairegi and Makena to the performance by Mwanga Band (as the MCs and ZIADA went to change to different attire) to beat boxing by Nasara, Beat Marvel and Carlisto to the final performance by ZIADA and the cake commemorating 49 years since independence.

As I have stated, I find myself without words to express what went down. As they say a picture is worth more than 1,000 words, I got permission from Kweli Magazine to post some of their pictures on the event so that this post can be at least 10,000 words..More pictures can be found here 

Wahinyaj winning an album

Wahinyaj winning an album

Pastor Peter cutting cake

Pastor Peter cutting cake

One Nation Under God

One Nation Under God

Number 8 doing his thing

Number 8 doing his thing

Band Mwanga bringing the house down when the ZIADA team had gone to change

Band Mwanga bringing the house down when the ZIADA team had gone to change

Nasara beat boxing

Nasara beat boxing

Mercy Wairegi

Mercy Wairegi

The next big thing Makena

The next big thing Makena

Look at the kid

Look at the kid

Gerriey Wainaina

Gerriey Wainaina

David Ogara, the pianist.

David Ogara, the pianist.

Carlisto

Carlisto

They came back in colourful attire

They came back in colourful attire

Happy 49th birthday. Cake by Valentines Cake House

Happy 49th birthday. Cake by Valentines Cake House

Band Mwanga

Band Mwanga

And here is what was said on twitter….

Safaricom live and Kenya music week should take notes from #ZiadaNairobi on how to manage gigs – Lellimandela

#ZiadaNairobi best way to finish my leave……now kesho jobo asubuhi – sushiwara

Totally blest at #ZiadaNairobi. – pinkyshizga

I’m out of words to explain the joy that I’m having … #ZiadaNairobi was just the bomb – VinMacharia

You guys are looking great,,, suggestion…just merge and remain ZIADA forever – busharoh

#ZiadaNairobi was awesome awesome – MudenganiT

I couldn’t make it to #ZiadaNairobi but whatever happened there must have been God’s doing!! The praise reports tell it all. ZiAda, keep on! – MissRipplez

#ZiAdaNairobi was pure bliss, on a level of its own. Whaatttt?? – vikmunala

Mad talent represented at #ZiadaNairobi equals to an epic day …#OneNationUnderGOD – Didi_romi

My 12.12.12 spent well at #ZiadaNairobi it was epic I tell u Epic:) – ms_makena

#ZiAdaNairobi AWESOME!AWESOME !YOU GUYS R A BLESSING – ElleOkumu

The #Kenyan flag decor at the #ZiadaNairobi concert, which was epic!! God bless Kenya. #Kenya365 #Kenya – Kenya_365

true definition of #beatboxin nasara the poet n carlisto at#ziadanairobi – antwanruiyot

So the lady had to M.C with an ipad. and the guy some piece of paper. yawa #ZiAdaNairobi – Owagah

Well done @EmeraldEventsKe on #ZiadaNairobi – well planned, organized, managed & executed event! Much respect! – justalffie

The event was sponsored by Orange Kenya, NTV, Cocacola, Valentines Cake House, Swizz Entertainment and RiqRiq. Mad respect to the MCs Faith Muturi and Larry Agufa for a job well done.

The  event was managed by Emerald Events Kenya. Follow them on twitter here and like their facebook page here.

 

ZIADA Nairobi Worship Experience


Dec 12, 2012 (12.12.12) is an important date. For one, it is the last of the repeating dates until Jan. 1, 2101 (01.01.01) meaning for most people alive, it will be the last repeating date they get to see. Moreover, at 12:12:12 p.m., the day will offer fans of the number 12 a whopping six repeats! 12/12/12 12:12:12. Nice, ey. As if that is not enough, at 1:21:02 a.m., palindrome lovers everywhere can rejoice in the single second that marks when the date-time combination is the same read both forwards and backwards: 2012-12-12 1:21:02 = 201212-1-212102. Most importantly, 12.12.12 will mark 49 years since Kenya got it’s independence and 84 days to the general elections. 84 is not an important number unless you take 12 and multiply it by the number of days we have in a week and voila! Okay, enough of the OCD.

All these numbers will be useless but one thing will remain; and that is our country Kenya. The state with which it remains depends on us as a people. We all know what happened after the 2007 general elections and as a country, we cannot afford to go through the same again. It is this in mind that ZIADA -which comprises of award winning bands (Zidi the Band and Adawnage Band); and reknown poet Number 8 – has come up with a peace concert dubbed ‘ZIADA Nairobi Worship Experience’ on the day Kenya got it’s independence, that is 12.12.12. The event’s main purpose is to unite the country ahead of next year’s polls under the theme One Nation Under God.

 ZiAda

Brilliant works of photography on the beauty of our country captured by talented, professisional and widely celebrated photographers has been lined up. This work of photography will preceed a musical event in which ZIADA will perform featuring strong leads and additional home-grown artists auch as Mercy Wairegi, Nasara the poet, Carlisto, Makena and Mwanga Band. The photography and worship experience is set to be one whose impact will linger on long after 12.12.12.

Details about the event are on the poster but here they are again:

Event: ZIADA Nairobi Worship Experience.

Date: 12.12.12.

Time: 3 – 6 PM.

Venue: Parklands Baptist Church.

Artists: ZIADA (Zidi the Band, Adawnage and Number 8) featuring Mercy Wairegi, Nasara the Poet, Carlisto, Makena and Mwanga Band.

Theme: One Nation Under God.

Entrance: FREE!!!!!! (Just bring yourself).

Also, read about the event here by Kenyanmom, here by Kawiria and here by Kifalme.

Follow (and RSVP) the event on facebook here and follow Adawnage, Zidi the Band and Number 8 on twitter for more details about the event.

This is one event you will not want to miss!!!!

Spikey 58 Poetry Contest


Dear poets,

The first Bullet Pen poetry contest is here. This is in conjunction with and in pleasant memory of The Princess Project Kenya and in honour of the benefits of collaborative writing which include our good friend Stephen Derwent Partington who donated copies of his book to The Princess Project Kenya.

Peace!

Peace!

Peace!

Three times peace!

Peace is the theme of this Spikey 58!

Submission Rules

  • Poems, only, should be submitted to this contest.
  • All poems should carry the theme, peace.
  • Each poet submits one poem.
  • Language: English. If a poem is written in another language, it should be accompanied with an English translation.
  • Font type: Book Antiqua
  • Font size: 12
  • Do not justify your poem.
  • Email your submission to bulletpen@lesleighinc.com as a Microsoft Word 97-2003 attachment.

Deadline for submissions is 23rd November 2012.

The judges of the contest are Stephen Derwent Partington, poet, poetry editor and author of How to Euthanise a Cactus, and Kevin Orato a poet who reads too much poetry for his own good and has developed a commendable aversion to performance poetry.

 

PRIZES: The best five poems by the best five poets will each win a copy of How to Euthanise a Cactus by Stephen Derwent Partington.

 

The shortlist will be published on this website on 30th November 2012 and the winners will be announced on 7th December 2012.

FIERY RED WARNING: Friends, nuclear family members, boyfriends and/or girlfriends, children, cats, dogs, fishes, cows and robots of Lesleigh Inc staff should not participate in the Spikey 58 contest.

 

CONTEST IS OPEN ONLY TO POETS RESIDING IN  KENYA.

(c) Lesleigh Inc

Registrars’ Strike vs Threats – Whose Fault is it?


By the Secretary General, University of Nairobi Medical Students

We have seen lecturers, teachers, nurses and now doctors in all levels (interns, registrars, MOs, and doctors themselves) strike for better working conditions and better pay. But why do doctors have to fight for their pay yet no one can work for free? Has society and culture made us feel that wanting to earn a living should dictate our choice of profession? The so called “noble” professions are seemingly not so any more. They more than most are repeatedly taking to the streets demanding better pay and improved working conditions. “Who is to blame?” we ask; and then we quickly point fingers at each other. The Ministry of Medical Services wants Kenyans to perceive it as immoral and selfish for doctors to go on strike. In my point of view, there are two ways to look at it:

  1. Either our society had become so materialistic that it reflects clearly on these professions OR

  2. . The leadership of our country is becoming questionable in its priorities regarding public interest.

OUR GOVERNMENT’S EXTRAVAGANCE

So maybe doctors are being immoral and selfish. But if doctors are as we judge them, could it not be that it is because of what our leaders expose us to as a nation: Kshs. 400 million vice-presidential mansions, gas guzzlers whose weekly fuel needs could power a small village for a day or twenty, exotic vacations at the sunniest sandiest resorts at the coast, Kshs. 200,000 seats – that are used for only a few hours every week… And as if to mock our collective intelligence, the speaker of the National Assembly goes ahead to say that MPs should receive a salary increment because they are “…paid peanuts…” Such extravagance is not just limited to the August house. At the recently concluded London Olympics, Kenya sent 32 world-class Olympians – whose glory was then watered down by a whopping 200 officials in the name of support. Said supporters were nowhere to be seen when our sportsmen and women needed a much needed morale boost. In fact, the officials apparently travelled earlier to Bristol leaving a part of the team behind training. If provided with this evidence, and that of the countless scandals through which our leaders have siphoned off billions of taxpayer money, the average Kenyan would infer that there is in fact more than enough money to cater for the needs of this country, or that the little that should get the job done is being stolen as they watch.

In light of the government’s extravagance I am forced to ask myself whether the priorities of the government are in the right place.

THE LONG AND TEDIOUS JOURNEY OF A MEDIC

Currently the longest undergraduate degree to qualify for in Kenya is the medical one. It takes 6 years for one to become a general practitioner, who while very capable of addressing a majority of ordinary health concerns, has no capacity to deliver specialized care. For one to acquire specialist skills takes another 4 – 5 years of post-graduate training (compare with 3 – 4 years undergraduate degree training and 2 years post graduate training in most other disciplines- with the option of working, since most of these programs are evening classes).

In Kenya, admission to a post-graduate program in medicine requires at the very least, an impressive academic record and excellent clinical skills. In Kenya, one must either be government or self-sponsored. To receive government sponsorship, one must work for at least 2 years in the public sector before being considered eligible.

After having spent 6 years in undergraduate training, a 2 year hiatus followed by 5 more years of intensive full-time training might appear too great a sacrifice. This, together with the competitiveness of earning government sponsorship (and the demand for specialists) leads many a student to choose to fund their postgraduate training. Once admitted, the registrar- as the post-graduate student is now called; begins a journey of apprenticeship and ceaseless practice. Inasmuch as they are taught through instruction and demonstration, a large part of the learning experience at this level is practice. In simple terms, registrars perform most of the procedures in teaching hospitals. In spite of the patient being charged for these procedures, the registrars receive no pay for the service they render.

In total, one will spend between 11 and 13 years between beginning medical school and becoming a specialist in a medical field in Kenya. During this time, one – who might be married and have started a family- will not have earned a single cent from applying their skills.

But enough of all this immorality and selfishness – wherever it may come from. Something is a-festering somewhere methinks, and someone should attend it soon.

A BIG PROBLEM

In the recent months, we have seen how much more it would cost us if Kenya failed as a nation. In Mombasa, the youth – turned mercenaries – resorted to treasonous acts and hurled grenades at their countrymen. The very fabric of patriotism unravelled as they kissed the foreign hand that fed them, and bit the cruel hand that bred them. It is said that their thirty pieces of silver were a paltry ten dollars per grenade. Everywhere in Kenya these past two weeks, doctors, teachers and lecturers have abandoned their posts in actions that popular opinion would call heretical. Apparently, the care of the sick and the education of a nation’s youth cannot be abandoned at any cost. Apparently also, patriotism and all things black, red and green are immutable, blood-borne and forever. Why then are our young people so easily sold to the enemy? Why then are the most noble of our public servants so ready to leave their posts? If the government will not respect a (self) empowered group such as lecturers, doctors and teachers- in terms of education level, work ethic in building the society and appreciation by the society; how much less can they care about as vulnerable a group as the youth who unfortunately may not have the same opportunities? It goes beyond just immoral and selfish medics Mr. Nyong’o. It goes down to the fundamentals of the government that you represent to protect the rights of its honourable citizens. And so we are frustrated and angry and abandon principle.

Is there a country in the world that doesn’t pay its registrars? In Malawi, interns are given free housing. Hasn’t Rwanda, a country that is yet two decades old from being war torn, ensured that they treat the healthcare industry much better? Aren’t there on going, serious violations of rights to health (especially maternal and child health) in Kenya due to its policies- perhaps the reason why the country’s maternal and under 5s mortality rates are barely improving? Of poor policies, hadn’t our current National health policy become outdated in 2002? It is the job of the government to spearhead these policies. There are not enough paediatricians and obstetricians (both post graduate degrees) at rural levels yet Mr. Nyong’o can’t help but fire those in training. Instead, isn’t it only rational to motivate Kenyans to empower themselves into taking up these responsibilities? They want it to seem that healthcare practitioners issue threats, yet, it is them who passively threaten everyone.

Private Doctors are concentrated in major cities of Kenya. There is a siege of highly qualified doctors in the environs around Kenyatta National Hospital (still a result of poor government policies). They are operational. Maybe this is the reason why Mr. Nyong’o is not shaken. He either visits these doctors or flies off to America for treatment. Never the government hospitals he represents. What does that say of his faith in a Ministry he heads? Can it be he asks himself for what reason is there to educate our own if the policies the Ministry made aren’t meant to function? Leaders lead by example- it is implicit. Can we really afford to be led to follow considering the evidence that the government’s priorities are not in its people’s welfare?

No matter which way one looks at it Mr. Nyong’o, governance is to blame. I only have two questions for you Mr. Minister: If you had the choice of picking any government profession in the current situation of our country (on condition that you are not to pick your current one). Which one would you? Would you then be ecstatic and thrilled to build the nation for free?

About the Author: The Secretary General, University of Nairobi Medical Students

The Greatrnk Appraisal


Evaluate what you want – because what gets measured, gets produced – James Belasco

 

One day I was busy doing nothing and basically minding my own business when out of nowhere I realised I had not posted on my blog for a while. After a few minutes of thinking, I would like you to know that I did not come up with a post. It is then that I remembered our company appraisals done towards the end of last year where someone politely said I pissed them off (not exactly in those words, but that is what they meant). Unfortunately, I do not know who it is, so I still suspect everyone and I have made a point of pissing everyone at will since I have to retain the trophy of being the most annoying guy in the office when appraisals are done again.

 To matters at hand, I would like you to help me in doing an appraisal for my blog. Simply, I will nominate posts that I think are nice and you are to vote for the best post. I have divided the posts in terms of the best post, the best guest post and the best post I have done in other blogs. Here are the nominees.

 

Best Posts:

4 Facts about Actuarial Science

The Six Women to Avoid

How To Get A Girl/Guy

Let Me Live Concert

The Score Sheet

Just a Few Rules for Guys and Girls

Is She It?

The Greatrnk is 34,567,890 Seconds Old

East Side Vs West Side

Interview: Savvy Kenya

 

Best Guest Posts:

If My Laptop Could Talk by SavvyKenya

Capital Asset Pricing Model and Its Application to Investment Risk Management by Sam Kiranga

Arsenal Anonymous by Justalffie

Special, Unique, Different – Am I? by the Princess Project

Summer Bunnies Drive Me Crazy by nkirdizzle

What A Dating Site Won’t Do For You by Tonya Vrba

It is Not Easy Being a Senior Bachelor by Deestinguished

Why You Should Go Slow On What You are Smoking by Beenduta

Time To Face Some Harsh Truths by mobkay

 

Best Posts I Have Done In Other Blogs:

The Greatrnk (21 Questions)

Top On Santa’s Naughty List

Fichirenje

Why 2100 Will not be a Leap Year

Review: Twitter App LMAO

An Open Letter to Telkom Kenya Chief Executive

Help Needed

Nice Guys verses Bad Guys

Phone Etiquette

Days of A Thief

 

 

THE DAY’S

Quotes:

Is your girl acting all grumpy and giving you the cold shoulder? Tell her to go away until she learns how to communicate like an adult. – Anonymous

Pain is weakness leaving the body? Go tell that to a person with a terminal disease. Dumbest thing I’ve ever heard. – Anonymous.

PS: For some reason, if you click on hte posts, it will direct you to the particular post in question.

 

Guest Post: Asymmetric Information in the Banking Sector: How adverse selection & moral hazard affect our banking system


By Munene Laiboni

Q: Which is one sure way to kill a rat but its hideout can’t be traced? A: Set the whole house on fire ~ my high school math teacher”

The economy of any nation – Our OPEC-Member-in-waiting included – is heavily dependent on the banking sector to provide the needed capital so as to keep its economic activity abuzz. It’s common knowledge that capital can either be raised in equity markets or debt markets. Nevertheless, Kenyans have always had a thing for debt and the little confidence that equity had started accumulating has been largely eroded (partly due our bourse’s terrible performance in recent times). Many of our commercial banks posted super-profits inasmuch as our economy is still recovering from effects of last year’s drought and the downward spiral of the shilling. One might ask, “how did the banks make all that money?” Well, the question is really straightforward – the interest rates on loans were at record high levels last year as a direct result of the intervention of the regulator toward the end of last year to save the ailing shilling. However, there are other factors independent of Central Bank Intervention which might as well affect the interest rates charged on individual’s loans. In this paper, I will discuss how information asymmetry is a key determinant of interest rates and how it lead to adverse selection and moral hazard – two possible occurrences which are clearly not pleasant to bankers.

Information Asymmetry:

Information asymmetry is asymmetric distribution of material information which could be influential in decision making by both parties to the loan agreement. Suppose an entrepreneur comes up with a business idea, and is looking to raise capital for the actualization of his dreams. Ordinarily, he will approach a bank with his business plan in hand but although the bank will try to do due diligence before disbursing the loan, the investor will always have has a better understanding of the prospective returns and risks of the business than the lender. Asymmetric information creates problems in the banking sector both before the transaction is closed (adverse selection) and after the transaction has been closed (moral hazard)

Adverse Selection – Occurs when bad credit risks (firms which have poor investment channels and high inherent risks) become more probable to acquire loans than good credit risks (firms with better investment opportunities and less inherent risks).

Because of information asymmetry, lenders tend to have a hard time differentiating between good credit risks and bad credit risks, and demand a blanket premium over and above the existing rates as compensation for the risk arising out of the inability to determine who indeed should be lent to. This causes the good firms to stop borrowing from such a lender because the high rates have devalued their strong credit history while the bad firms become very eager to borrow from such a lender because they know for sure that judging by the strength of their cash-flows, they should be charged an even higher interest rate. As a result, lenders end up with a loan portfolio comprising almost entirely of bad credit risks.

Moral hazard – Moral hazard occurs after the money has been disbursed to the borrower and it arises out of the fact that the borrower may have an incentive to breach the loan covenants by investing in ‘immoral projects’ which are unacceptable in the eyes of the borrower because inasmuch as they have a high possibility of gain to the borrower, they also have a high possibility of failure which will have the most detrimental effect on the lender. Information asymmetry once again causes moral hazard because of the lender’s lack of knowledge about the borrower’s activities. Moral hazard also occurs as a result of high enforcement costs of the debt covenants. In this instance, the lender simply decides that its not worth the effort to keep on chasing after borrowers and have them invest the money in stipulated projects – giving them a freeway to invest in high risk ventures.

Remedies to Information Asymmetry:

Now that we have seen how information asymmetry has detrimental effects on a nation’s banking sector, let’s look at some ways through which we can reduce this problem in our banking sector.

Credit Referencing – In the developed world, any firm which wishes to sell its debt must ranked by credit referencing firms (the main ones being American firms – Standard & Poor’s, Moody’s, and Fitch ratings) Firms are ranked by the strength of their repayment ability anywhere in a range which varies from the esteemed AAA rating to the lowest rating (high yield/junk rating). Judging by the credit score, a lender is able to approximate the probability of default of any single borrower and charge a rate of interest which is proportionate to the innate risk evident in a borrower’s enterprise. In Kenya, credit referencing is yet to take root and as at writing of this article, I am not aware of any firm which offers this crucial service in Nairobi. I think it’s the high time we embraced credit referencing as a way of reducing information asymmetry.

Data Sharing – Due to the secrecy which has continued to shroud our banking system, at times there are red flags all over about serial defaulters but banks miss them simply because they consider immaterial information about their customers as classified. Thus, a person may become unable to repay a loan on a bad investment idea (which he won’t drop because of his singlemindedness) and get his property auctioned but walk over to a different bank and secure financing for the same bad project, probably using a different product. If our bank’s IT systems could get partially integrated, this is a problem which can be quite easily eliminated.

Government Participation – Due to the vulnerability and corruption in our administration systems, there has been instances of forgery of collateral documents such as title deeds. The land records at Ardhi House are, for example, manual and computerization of land registration in this country is long overdue. There has been instances in which several title deeds have been issued on a single piece of land, and I do not want to imagine what would happen if each and every one of those holders would approach his bank for a loan with his title deed as collateral and default on the same.

Improved Loan Underwriting – In some commercial banks, loan underwriters are basically data entry clerks. They simply key in information from an application form without paying due attention to material facts which could be evident right on the application form. Underwriting is the entry point of risk in any financial services firm and some risks could be avoided if this initial process could be carried out meticulously. There is always an essence of evaluating the proposed project’s cash generation potential, its SWOT analysis and its history before acceptance.

THE DAY’S

Gratitude to my good friend Munene Laiboni for this informative guest post.

About the Author: Munene Laiboni is a financial advisor. You can find more of his work here and you can follow him on twitter munenelaiboni.