CHAN 2024: Kenyans Urge Harambee Stars Players to Invest Millions Wisely, Avoid Women
- Kenyans have weighed in on Harambee Stars’ CHAN 2024 prize money, urging players to think beyond flashy cars and short-term splurges
- Fans suggested smart investments, from TukTuks and juicing businesses to Sacco savings, to turn the bonus into long-term wealth
- With the Stars headed to the quarter-finals, supporters hope their advice helps the team secure success both on and off the pitch
Kenyans have urged Harambee Stars players to resist the temptation of misusing the millions they've received from President William Ruto.
Source: UGC
Many admitted the temptation of splurging their newly earned bonuses on luxury cars and short-term pleasures instead of channelling the money into meaningful investments.
Amount Harambee Stars players earned in bonuses
Their remarks come after the Stars’ historic run at the 2024 CHAN tournament, where they topped Group A and advanced to the quarter-finals.
It all started when the president offered KSh 1 million to each player for every match they won, and KSh 500,000 for a draw.
Since the tournament started, Kenya beat DRC Congo 1-0, drew 1-1 with Angola, beat Morocco 1-0 and finished with the same margin against Zambia.
With the team receiving monetary rewards after every match, the amount they've amassed within two weeks is currently at KSh 5 million each.
Kenyans advise Harambee Stars players
As happens with financial windfalls, the temptation to spend on high-end vehicles and entertainment is high.
For this reason, Kenyans have urged the players to instead create sustainable income streams for the sake of the future.
John Mathenge
"Find a strategic place, open a good pharmacy worth one million, employ two qualified pharmtechs, and thank me later."
Karani Isaac
"Go for low-risk-medium-return options like government bonds (preferably infrastructure) or Sacco shares to get passive income, then use the passive income to venture into riskier, active investments. Most important: they should not adjust their lifestyle upwards yet…preferably until they start getting the returns."
Ekal Ng'asike
KSh 5 million for a pastoralist like me, I'd get myself a plot around Kamulu and build a slaughterhouse. Buy another half an acre around Juja farm,...Then go to Samburu and buy goats and a few cows, then become the biggest meat supplier in this town."
Isha Dunga
"With KSh 2.5 million, purchase an Axio 1.5 litre at KSh 1.8 million, fit it with a tracker at KSh 20,000, then open a social media page and boost the posts at KSh 50,000. Begin a car hire at KSh 3,500 per day and aim to do 20 days per month. That will be KSh 70,000 per month, less KSh 20,000 operating costs, you will remain with KSh 50,000."
Source: Facebook
David Osiany's proposed investment plan
One of them is former Industrialisation CAS David Osiany, who offered a simplified investment model showing how KSh 2.5 million could be prudently used.
This includes buying and branding two TukTuks, investing in semi-commercial juicing machines, registering a business, covering three months of operations, and saving KSh 500,000 in a Sacco for future growth.
“Ensure consistency and professionalism and build a brand as the roving fruits and juices guy who serves fresh juices and fruits,” he advised, adding that players could still set aside KSh 115,000 to enjoy themselves.
The key is patience and discipline, coupled with frequent visits to financial experts for long-term advice.
With national pride running high after Harambee Stars’ performances, the timely advice aims to ensure that success on the pitch also translates into lasting financial security off it.
“It won’t make you a billionaire within two weeks, but with patience, you will be a solid millionaire in 5 years,” Osiany concluded.
Source: Facebook
Kenya's journey to CHAN quarter finals
Harambee Stars entered CHAN Group A as underdogs, placed alongside football giants Angola, Zambia, DRC Congo, and two-time CHAN champions Morocco.
With a troubled past, including allegations of match-fixing scandals and a weak local league, many wrote them off.
However, three wins and one draw ensured Kenya finished top of Group A with 10 points, one ahead of Morocco, who took second place after beating DR Congo 3-1.
Harambee Stars will now face Madagascar in the quarter-finals in Nairobi, while co-hosts Tanzania will meet Morocco to Dar-es-Salaam.
Proofreading by Jackson Otukho, copy editor at TUKO.co.ke.
Source: TUKO.co.ke
