- Many unemployed African teens are turning to ponzi schemes and gambling to earn a living.
- 35-50% of the youth (15-24) in many African countries are unemployed.
- TwinKas, a Nigerian “investment” plan, recruits teens to recruit investors seeking “unbelievable” returns.
- Many of these types of investments have collapsed (ponzi schemes).
- Many youth in Kenya and Uganda that use mobile gambling apps to bet on soccer matches.
- While technology has helped many Africans, it is also used to exploit the most vulnerable.
Nigerians falling for Twinkas, MMM ponzi schemes, Kenyans and Ugandans like gambling
(03/27/2017)
