Who is Kwamuka ?
A man’s first responsibility is to the community, second to his family and third to oneself. A society starts degenerating when this order is reversed….’
Kwamuka is a Swahili word meaning “…to awaken, or to rise up” and we believe that this encompasses what we believe is our moral obligation to awaken our peoples’ means to new ways of wealth creation as well as do what we can to help them thrive in spite of a hostile economic environment. We are a diverse team of professionals, who come from diverse backgrounds and thus come with a wide range of experience spanning from Financial Services, Engineering, Banking, Legal, Software Development and Mathematics, with a keen interest in the management and delivery of alternative emergent investments. The one thing that binds us together is the fact that we worked and lived during the Financial Meltdown in 2008, saw family members’ savings go to dust during dollarization and the hyperinflationary environment in Zimbabwe and lived through the removal of ten zeroes from a national currency. It’s safe to say that we are children born out of hyperinflationary environments with an acute focus on the maintenance of and the creation of wealth despite the Macro or Microenvironment. Last but not least, we are also early adopters of self-banking/self-custody afforded by Cryptocurrencies and keen students of money, wealth and the current economic system.
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2008
The Global Financial Crises
The 2008 financial crisis was the most severe shock to hit the global economy in more than 70 years, with the collapse of on September 15, 2008 of the investment bank Lehman Brothers.The post-Lehman scramble for liquidity and the ensuing panic—marked by distressed asset sales, deposit withdrawals from banks and money market funds, and the freezing of credit—triggered a collapse in cross-border trade and led to the worst global recession.This coicnided with the birth of Kwamuka, and the prsuit of Financial Independence aganst the backdrop of the institution led Financial metldown!
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2009
Zimbabwe Dollar Meltdown & What are Bitcoins
At the backdrop of the Financial crises and subsequent bailouts across the world, hyperinflation in Zimbabwe became a reality overnight, the Zimbabwe dollar was decimated and there and then began in earnest our pursuit of Sound Money . The answer came to us in the form of Crytpocurrencies and specifically BTC.At this time the first 50 bitcoins are mined by Satoshi Nakamoto, the pseudonymous inventor of Bitcoin.This became news all over the world and as people who were looking for an alternative to a failing global Financial System - just like that the idea for full autonomy from traditional Finance (TradFi) and being your bank - which is one of our core beliefs was enshrined into Kwamuka.
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2012
$100 Bitcoin Milestone & Equities Recovery
After nearly two years of inertia, bitcoin hits $100 for the first time on April Fools’ Day and then booms — doubling to more than $200 apiece in the span of a week.Perhaps there is something to this bankles word and this trustless banking system.Who knew that you could be your own bank and that we witnessng the start of a new asset class.At the same time, we started to observe the resurgence of certain Technology Stocks as well as the DOW Jones industry average. We realized that as Kwamuka the future was digital and there had to be a coexistence between traditional equities as this new nascent asset class - that was still frowned upon.What was apparent was that Data will be the cornerstone of all of our activities and would srive our strategies going forward.At the same time we saw activity at the ZSE see a resurgence with dollarization of the economy.
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2013
$1,000 Bitcoin Milestone and Zimbabwe Convertible Coins and ZWD Devaluation
Bitcoin soars past the $1,000 mark, near doubling in value in the span of a week, with frenzied buying appears to be propelled by Chinese investors, who, it’s assumed, want to move their money into untraceable accounts. At the same time, Zimabawe had fully dollerized and the country had removed 10 zeros from the local currency.Forex reserves had become scarce and offshore transacting had become difficult because Zimbabwean banks had no counterparties and offshore payments originating from Zimbabwe were becoming difficult dur to FX shortages. Kwamuka started engaging various individuals on weath consolidation and wealth management as we saw individuals see their worth wiped out due to redenomination of the Zimbabwe dollar.
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2017
$20,000 Bitcoin Milestone
Bitcoin blasts past $20,000 mark. However at the same time the Zimbabwean currency was unfortunately hampered by an evergrowing black market.Limits on out of country FX transactions were in place with fewer and fewer correspondence banks honouring transactions originating from Zimbabwe. Juxtapose this with a nascent asset class that was growing at average 96 % over the nine years of its existence. It was clear that the current Fixed Income, FX, Currecies and Commodities Investment basket that Kwamuka had started with was ready for an addition, coupled with the ease of transfer of value (within seconds) through these aforementioned digital assets a case was to be made on the suitability of Cryptocurrencies as way of creating and transference of this wealth, without the need for a counterparty bank.
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2020 - 22
Covid Lockdown Black swan and the world goes Digital
March 2020 Covid Back Swan event wiped a lot of value in March 2020 and the subsequent helicopter money drops to ensure that the world can keep on ticking, created a recipe for the Macroeconomic environment that we have at the moment, where the traditiona store of value USD is at threat due to its almost double digit inflation and the Hawskish fed stance to tame inflation, This means wealth presevation is more important now than ever as the economy shrinks and valuations are wiped out of millions with each downturn.What we aim to do is help our clients, avert the impacts of inflation, and actually look to grow their wealth through data driven insights, because the world and money has grown binary and the future of money is Digital.