Ebay founder to give Kenyans free money - News Summed Up

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Ebay founder to give Kenyans free money


By BRIAN MOSETIMore by this AuthorA charity organisation is planning to give low-income people in selected Kenyan rural villages free money with no strings attached to supplement their earnings and improve their living conditions. Pierre Omidyar, co-founder of giant online shopping website eBay, is set to donate a daily income to some 26,000 poor people living in 200 rural villages in Kenya for a period of 12 years. It intends to give selected people Sh75 a day for a period of 12 years. Some 40 villages will receive money for a long-term period of 12 years, 80 will receive it for two years while a third group of 80 villages will receive a lump-sum payoff. The GiveDirectly programme is based on the idea of a universal basic income and seeks to ensure a regular, long-term, reasonable amount that is available to everyone.


Source: Daily Nation February 15, 2017 09:57 UTC



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