CHALLENGES OF LARGE CAPITAL PROJECTS FINANCING

You want to start a mega project today that requires a lot of money. It could be billions of shillings that the project requires. To whom do you turn to obtain this huge sum of money? Let’s look at several options. Banks. Before a bank gives you such a huge sum of money, you must have collateral. Existence of an off taker to guarantee business takeoff is excellent. The main problem with banks, and especially local banks in Kenya, is that the banks may not have capacity to loan out such a huge amount of money. Their fully diluted market capitalization can even be less than the amount you need. Take for example Kenya Commercial Bank, the biggest bank in Kenya. Its market capitalization currently is approximately Ksh120 billion. It would be impossible to borrow money for a $2 billion project from that bank.

What are the other options on the table? Shares. Shares can be sold to interested investors. Issuing shares could be a challenge. It is hard to convince people to buy into something that they cannot see. Venture capitalists?  They will fund the project if interested. $2 billion however, could be a huge amount to solely come from venture capitalists.

 Where will the owner of the $2 billion project owner turn to? Cryptocurrency. Project owners can create a coin or token which they can issue to people. The people buying the coin or the token know that the coins (tokens) have value. Tokens can be traded in future when the coins (tokens) have greater value. Project owners will raise the amount of money they require. Ustawi Biomedical Research Innovation and Industrial Centers of Africa (UBRICA), is going the cryptocurrency way. We launched the Ubricoin (UBN) to raise funds for the Ubrica projects. The coin was initially sold to investors at $0.5 per coin. The price currently varies according to the movements in the market. We have reached a market capitalization of approximately $18 billion. We are working to ensure that the coin maintains a high market value. This is being done by marketing the coin and giving it utility. We ensure it has utility by getting more projects to fund using the coin.

We believe through Ubrica projects, we will achieve quality, affordable and accessible healthcare globally.

LET’S TALK HEALTH FINANCE

Nairobi, Wednesday, May 22, 2019
Ann Nyambura Macharia

An asset is something from which future cash flows are expected. It could be a business entity, property plant and equipment, patents, research and development, stock, bonds, options, knowledge etc., that produce cash flow. Introducing the time factor, we can say that an asset at time t, is a sequence of cash flows ordered in time. We can value these assets using net present value. The net present value is the difference between the initial cash outlay and the discounted future cash flows of the asset.

We obtain the present value by discounting the expected cash flows at a given interest rate to today. The present value is then subtracted from the initial cash outlay. If the value is a positive then that is a good investment, but if the value is a negative that is not a good investment.

In Ubrica, we will have Ubrica Retail Clinical Centres (URCCs). These will be turnkey project to be loaned to fresh medical graduates who normally find it hard to get employment immediately after completing school. The loan will be in form of a 20-year mortgage. A URCC will have a clinic, a market for people’s products, and a value addition workshop.

The URCC is set up in a way such that no one will compromise their health by preferring to go sell their products instead of seeking medical health; the market and the clinical centers are in the same compound. The market consists of both physical retail stores where people will be selling their products. The products will also be listed on an online platform for trading called Soko Janja. Goods sold in this platforms will be of a high quality as they have gone through the value addition workshops and thus traders will fetch good prices for their products. The good earnings of the traders will ensure that they can access good health care in the clinics which are in the URCC.

We will use Ubricoin (UBN) to fund the URCC project.  Each UBN is approximately $0.5 at the time of publishing this article. The estimated price may change depending on the market. UBN is an ERC20 crypto-currency built on Ethereum blockchain.

Each URCC is estimated to cost approximately UBN 4.8 million (approx. $2.4 million).  UBN 2 million (approx. $1 million) is the initial cash outlay for land building and equipment of each URCC. Every year the, estimated operational costs are estimated to be 20% of the UBN 2 million, which is UBN 400,000 per year. We expect that they will be in operation for the first seven years before business breakeven or profit point. The total cash required to reach business breakeven profit point is UBN 2 million, plus UBN 400,000 per year for every year, a total of UBN 4.8 million. The graduate will not be required to put down any money (i.e., zero down) before receiving the URCC, and s/he will also work in it for five continuous years before making any payments. After the fifth year, the URCC will be required to start making payments.

From a sample mortgage calculator, at an interest rate of 8%, the owners of the URCC would have to make a yearly payment of approximately UBN 50,733.66 (approx. $25,366.83) for them to completely repay the loan in 15 years.

WE FINALLY HAVE A WAY TO SOLVE THE THREE FUNDAMENTAL PROBLEMS IN HEALTH CARE

Health care in Africa is faced with three fundamental problems. Previous efforts to solve the three problems in Africa have stalled. We therefore created Ustawi Biomedical Research Innovation and Industrial Centers of Africa (UBRICA) to address these three key problems: (a) lack of access to health services, (b) poor quality of health services, and (c) high cost of care.

We plan to overcome access problem in two ways. One way is to support construction of widely distributed clinical facilities integrated with retail centers and produce processing workshops. Such facilities will be known as URCCs. The other way is to increase supply of money by facilitating trade by online and onsite retails markets supported by blockchain money: Ubricoin. We will use Ubricoin to redistribute wealth to the marginalized communities making health care accessible to all.

We shall improve quality of medical services by supporting design, development and science and technology parks (STPs) adjacent to all universities in Kenya. The STPs will promote translation and commercialization of university and community knowledge. This will bring into being, new knowledge technologies and services of great quality.

We shall overcome high cost of medical services by construction of a biomedical industrial city (BMIC). It is in the BMIC, that we will support education and manufacturing of a full range of medical devices and all products used in health system. Locally manufactures technologies will be cheaper than imported versions.

UBRICA WEEKLY UPDATE

                            Nairobi, April, 2019
                           Jane M. Jeremiah
Nairobi, April, 2019
Jane M. Jeremiah

The Month of April, 2019 has had a lot of activities at Ubrica offices. On Monday, 3rd week of April kicked-off with our usual seminar meetings held at Ubrica offices. The guests had arrived and sited by 10:00am. We welcomed and registered them in our guest book. Further to that, we checked on their wallets to confirm whether payment was done to the Ubricoin contract address. Each guest attending the seminar was required to pay a fee of UBN 100 to the Ubricoin contract address: 0xDB13025b219dB5e4529f48b65Ff009a26B6Ae733. Those who had not made payments to the contract address, assistance was given to them. The meeting was to discuss and enlighten the Ubrican community on the following agendas:

  1. Introduction to UBRICA
  2. Ubrica Projects: URCCs, uSTPs, BMIC
  3. Human Engagement: Soko Janja
  4. The Origin of Money
  5. Money Creation and Financial Engineering
  6. What is Ubricoin
  7. The Reason Why We Created Ubricoin
  8. Distribution of Ubricoin
  9. Funding Scientific Knowledge
  10. Ubrica Shares

The following Youtube links provide the seminar presentations by the Ubrica staff:

 https://youtu.be/J1YbL94wPQQ
 https://youtu.be/zVsy2xH-yXo
 https://youtu.be/iyNRmhEcEAg
 https://youtu.be/9QRD9n6RXwg
 https://youtu.be/AVJIBzYJhMI

After the meeting we interacted with fellow Ubricans who wanted a more personal and detailed explanation on how to use Ubricoin, some were interested in buying shares and others wanted to know how they can contribute to the ecosystem.
In order for us to understand the matters of Law and cryptocurrency, our Legal team researched on a video titled Bitcoin Law Review Senate Hearings ICO Rule Security and Token Pay’s Legal threat. The video which was in details about the Senate hearings, covered discussions on Bitcoin, and gave opinions on Initial Coin Offerings (ICOs) being ruled as securities. From the video, it was clear to the panelists observation that the congress men were afraid of what would happen if cryptocurrency was not regulated. Our legal team concluded that a utility token once conducted an ICO it instantly converts itself into a security token.

A conclusion with respect to Bancor protocol was met, that this method can work for us. Bancor protocol enables tokens to calculate their own prices using a transparent auto-balancing mechanism which converts directly from smart contracts.
For Ubricoin to be liquidated, we decided as Ubrica team to do 50 to 100 transactions every day, sending ethers from our wallets to the Ubricoin contract address: 0xDB13025b219dB5e4529f48b65Ff009a26B6Ae733. In the event to achieve the following:

  1. The volume value of Ubricoin.
  2. The price value of Ubricoin in Ethers/USD
  3. The market cap value of Ubricoin
  4. The ICO price of Ubricoin
  5. The erc20 transfer count which stands at 145 transfers.

On Tuesday 16th, we reported to StephJoy Girls High for STEMAH camp. Ubrica has joined hands with StephJoy to create Entrust Youth Mentorship Camp which focuses on advancement of practical use of science and technological knowledge among young people in Africa. The purpose of Entrust, is to generate lasting interest in science among primary school, high school and university students. The camp will use Ubricoin, a digital currency built on Blockchain technology and computer science, to illustrate the power of STEMAH to transform societies.

During the 1st day of the event, Mrs. Mugambi who is the school director, spoke on the Origin of education and the distracters of education. A guest speaker Eng. Alex Maina gave a talk on the technology of money and the Ubrica project, cryptocurrencies and the Blockchain technology. Present also at the event was Miss. Natalia Polishchouk, who is the managing director at JstWORK.com, executive headhunter and professional career coach. Her offices are located in London, sub-Saharan Africa and in Nairobi, Kenya. Miss. Polishchouk spoke of how one can job hunt using her organization website. Her firm which was established to address the skills shortage across the Sub-Sahara Africa, is the leading head-hunting and career advisory organization in Africa. She plans to bring Africans back to Africa by connecting them with experienced, seasoned talented Africans living abroad by enticing them back to jobs in Africa. Miss. Polishchouk organization has built a substantial customer relation management (CRM) database with returnee talent – Africans wanting to come back to their home country. Through their career advisory services, not only do they empower the Job Seeker to be strategic and proactive in their careers but they also select candidates who have demonstrable experience at a strategic level. They have access to industry specialists and they consider all talent available – both local and international. To end the day’s event was Dr. Macharia from Ubrica, who expounded on Ubrica and its future projects.

The 2nd day, the STEMAH camp continued with Dr. Muiruri King’ang’a a lecturer at the school, giving a talk on Biology and the different fields of biology the students can pursue in the University. Mrs. Joyce Mbugua followed suit on a talk on attitude and the factors that affect attitude. Mr. Sam Wachira gave a motivational speech on the power of a positive mental attitude. Mr. Allan a lecturer, spoke on computer science and how the Artificial Intelligence technology is taking over the world. Mrs. Mugambi also spoke on the power of confidence and how confidence in knowledge affects how we think and our attitude towards life. The day was crowned with money workshop activity where the students discussed Francisco d’Aconia’s speech on the root of money, lastly, Dr. Macharia of Ubrica discussed with the students through their group presentations on Francisco d’Aconia’s speech.

In the next couple of days, we held meetings and had lessons on how Ubricoin can be traded on the decentralized and centralized exchange like  https://www.starbitex.com/ which deals with wrapped ethers (WETH). In-order to use this platform to buy WETH and to sell UBNs, one must have and be connected to their Metamask wallet. Starbitex is a centralized exchange for it figures out the selling and buying orders by itself.

In-order to increase the selling power and buying power in the country, we have been enthusiastic to reach 14 million families in Kenya to enroll into agricultural products, produce and services into our retail market Soko Janja https://sokojanja.com/

Soko Janja, is becoming the leading market place of choice for everyone to trade their produce, products and services. Through Soko Janja, holders of UBN can now buy and sell goods and services from one another using UBN. Soko Janja will enable trades among members of Ubrica Community, otherwise known as Co-operative Society of Ubricans (CSU). Every holder of Ubricoin automatically becomes participant in CSU eco-system.  

Listing your items on Soko Janja is done from a central location (UBRICA Nairobi, Kenya).

This will be achieved by:

  • Sending clear pictures of the products to be listed
  • Sending a detailed description of the product to be listed; this includes prices, sizes, colors etc.
  • Sending detailed information about the merchant/vendor; this includes name, phone number, location etc.

This information can be sent to:

Mob: +254 755844017 (UBRICA office)

Email: info@ubrica.com (re: sokojanja product listing) where reviewing, approval and listing will be done.

For more updates on Ubrica, please visit:

Read Ubricoin White Paper V2.2

Coming out soon! Ubricoin White Paper V2.3

Join the conversation about Ubricoin on Telegram:

https://t.me/joinchat/J-0FAUgN8EPRN433Pf7HkA

How to shop on Soko Janja

https://sokojanja.com/

UBRICA WEEKLY UPDATE

Nairobi Friday, May 3, 2019
Jane M. Jeremiah

UBRICA – Ustawi Biomedical Research Innovation and Industrial Centers of Africa, a knowledge conversion organization that facilitates the conversion of tacit knowledge to explicit knowledge.

Ubrica’s effort is concentrated in the new economies and emerging markets with the aim of increasing technological innovations first in Kenya, then Africa and the World at large. The converted knowledge will produce market ready products and services.

The purpose of this project is to build Sustainable One Health Communities (SOHCs). We believe that economic development is the most powerful means of health production.

In order to achieve this, we decided to create Ubricoin, an ERC20 token built on Ethereum Blockchain protocol. We shall use Ubricoin to support design, develop and implement Ubrica projects, that will involve building world class advanced biomedical research providing highest quality health care services in the country.

We have been working tirelessly to ensure our coin is active in the cryptomarket. In order for this to happen, we have made several orders buying and selling Ubricoins on the decentralized exchanges platform, Star Bit Ex and LedgerDex.

For easy understanding on how to trade Ubricoins on LedgerDex exchange with other crypto-currency’s such as: BAT, SBT, OMG, DAI, we created a short video clip that is available on Youtube: https://youtu.be/_1XXHBXOdsE

During the 1st week of May, several meetings were held at Ubrica offices, to discuss the trade exchange platforms that are mobile user friendly. As an organization, we realized a lot of Ubricans are unable to trade on the web for lack of access to a laptop. We therefore attempted downloading on our smartphones several mobile apps such as Mobidex and Star wallets. Using these apps, we learnt how to trade Ubricoin with other tokens.

Most part of the week was spent discussing on listing Ubricoin on a centralized exchange. A good example was P2PB2B:2.5 BTC exchange. A trading network that provides businesses and individual traders with multi-support, strong security and Open Application Programming Interface (API). On this platform, one can exchange UBN to USD/UBN to ETH/UBN to BTC.

The listing of a new cryptocurrency on a centralized exchange network involves large amount of money, approximately Ksh. 2,000,000/- which is a challenge for us to raise currently. Therefore, we have embarked on researching both locally and internationally the most efficient, reliable and affordable exchange.

In Nairobi Kenya, we visited Bell Frics office located in Westlands to find out their terms and listing fee of our coin. This move proved unfruitful as the fee was excessively too high.

Lastly, we resorted to seek help from other Ubricans both locally and globally to raise the listing fee. The response from the society of Ubricans has been very positive, we are very optimistic our coin shall be listed soon in the best centralized exchange network!


For more updates on Ubrica, please visit:

Join the conversation about Ubricoin on Telegram:
https://t.me/joinchat/J-0FAUgN8EPRN433Pf7HkA

Read Ubricoin White Paper V2.2
https://ubricoin.ubrica.com/white-paper/#_Toc520551878
Coming out soon! Ubricoin White Paper V2.3

How to shop on Soko Janja
https://sokojanja.com/


UBRICA WEEKLY UPDATE

Nairobi, Friday, May 10, 2019

Jane M. Jeremiah

UBRICOIN WEALTH * WELLNESS * WELLBEING

We, at Ubrica, developed Ubricoin (UBN), a utility token to give people access to Ubrica ecosystem.

We developed Ubricoin, on Ethereum protocol to serve as a platform devoted to improving quality and access to health for all. Ubricoin will help to achieve global health industry and create market intelligence through a cryptocurrency reward system that will inspire positive contribution to health improvement in Kenya and around the world.

Using Ubricoin, we will gather intelligent data about health, nutrition information and diseases. Diseases in Africa can easily be prevented by simple measures, starting with proper education. The community must be educated on ways and means to always stay healthy and to keep personal hygiene (soul, mind and body) and so have a healthy society. These diseases affect our women and children which form the most vulnerable class. Diseases like diarrhea, one of the deadliest diseases in Africa, claims many lives and is very common among the poorest people in our society. Diarrhea is the result of contaminated water, inadequate hygiene, poor sanitation and malnutrition. According to the World Health Organization [WHO], 2018) approximately 525,000 children under the age of five die each year in Africa due to diarrhea. Poor diet and inability to absorb proper nutrients during diarrhea episodes, are factors that contribute to death of little children.

We, as a life-science and health production organization decided to help the community by taking a major step. We created an online retail store market known as Soko Janja https://sokojanja.com/ We have observed how the local farmers and manufactures struggle to sell their produce to the market. Lack of market and proper medical attention has largely contributed to poverty in the society. Soko Janja market has been created to sell produce from farmers and local manufacturers to the local and international market. Manufactures and farmers are now able to sell their products through our online market which has generated wealth in people’s pockets and are now able to access good health care services and live healthy lives. Malnutrition due to poverty, can now be eradicated easily once the society can afford to feed itself properly.

We are enthusiastic to reach 14 million families in Kenya to list their products, produce and services into our retail market Soko Janja. Therefore, in the course of the week, we visited a potential client Mr. Adam from Kamukunji area who was interested in selling his products on Soko Janja. We took photos of his products and some few samples of the items he is selling. The samples taken are important to us, since most customers interested in buying on Soko Janja request to see the samples of the items displayed before purchasing them. As soon as we were done with Mr. Adam, we engaged with other merchants nearby. We explained to them what Soko Janja is and how they too can advertise and market their products on https://sokojanja.com/

As Ubrica, we are very interested in educating the society on how Ubricoin can be traded in the crypto market. Subsequently, we held a very successful 2-day meeting with members of Huduma Christian Revival Church in Rongai. Church members learnt how to trade UBN on Star Bit Ex and LedgerDex exchanges, furthermore, how they can invest in the company by buying Ubrica shares.

Ubricoin is doing just great! This week, we saw the rise in the value of UBN as we continued to trade UBN on Star Bit Exchange while making numerous transactions. As we all know, UBN will be the standard currency for medical services, research and development, innovation, translation and commercialization of knowledge. We therefore, continue to research extensively on other trading platforms where UBN can be traded.

Ubricoin, will act as a store of value and as an investment instrument. We have seen other cryptocurrencies rising in value tremendously. This intrinsic power for crypto-currency increasing in value (such as what occurred with Bitcoin), gives them characteristics of precious metal, such as gold. As you know the price of gold changes with time.

These factors have made us want to gain a deeper understanding of what money is, and its effect on health. We embarked on researching various topics such as:

  • Deflation, inflation and hyperinflation,
  • Functions of money
  • Influence of GNP, GINI Index and GNP per capita on health.

The community in Kenya is very excited that for the first time in the history of Kenya there is a crypto-currency (money) that shall support them. This led to Ubrica and our president meeting with the Diabetes Management and Information Centre (DMIC) in Nairobi. During the meeting, they discussed how Ubrica can partner with DMIC to help find a sustainable solution for diabetes management in Kenya.

Since 2014, Ubrica has wanted a better Kenya and Africa in life science and health care. let us now improve lives and lift the life of another.

Thank you for your trust and belief in us. We look forward to serving you better.

Ubrica cares for Africa for Kenya.

For more updates on Ubrica, please visit:

Our Ubrican You Tube channel.

Join the conversation about Ubricoin on:

https://t.me/joinchat/J-0FAUgN8EPRN433Pf7HkA

Read Ubricoin White Paper V2.2

Coming out soon! Ubricoin White Paper V2.3

How to shop on Soko Janja

https://sokojanja.com/