Kenya: Firm Creates Model to Make Wealth Out of Consumption

23 October 2013

Passive income is earned from leveraging existing systems such as franchising, while portfolio income is earned from investments like bonds and stocks - bought with savings from active or passive income. Passive income is vital in supplementing other sources and creating wealth. Many such sources have the potential to become full-time activities.

With the increasing joblessness though, how would you find it to make an income just through consumption? Well, Pillar Technologies Ltd is enabling people to do just that. The firm has created a platform where thousands of Kenyans are now making money whenever they consume airtime - a commodity that has evolved into 'basic' in the Kenyan context - through multi-level marketing.

...

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.