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Kenya launches digital vehicle number plates to curb related criminal activities

Kenyan government through the internal cabinet secretary Fred Matiangi has officially unveiled modern vehicle number plates that will aid law enforcement agencies in curbing crime in the country. The new plates will be equipped with additional security features which will allow among other things, tracing of vehicles owners incases where need arises.

The new number plates will effectively comply with the amended Traffic Act of 2016 which requires additional features to be both visible physically as well as additional hidden security measures that will only be accessible to law enforcement agencies. According to the Cabinet Secretary, the new number plates will be fixed to vehicles at the point of entry. Additionally, the information contained therein will be synchronized with the Kenya Revenue Authority (KRA) to eliminate cases of tax evasion – a major concern in the car selling business.

Matiangi was speaking at the Recce unit Headquarters in Ruiru, Nairobi where the new number plates are being made. He also mentioned that the work was as a result of a multi-agency unit from the security sector which was part of the reforms initiated earlier on by President Uhuru Kenyatta.

Vehicle owners are expected to change from their old numbers plates to the new ones within the coming 18months. Speaking at the event, Transport CS James Macharia said the new plates will cover 12 category of vehicles in line with the legal notice 62 of 2016 as well as allow ease of monitoring vehicles coming into the country that ranks as a major transit hub in the region

How much new digital number plates cost

To replace old plates, users will part with Ksh 3,000.

Uber Kenya introduces UberXL in Nairobi, which can accommodate up to 6 riders in a single ride

Taxi hailing company – Uber has introduced UberXL in Nairobi, a service that is able to carry up to 6 riders at a go. Current Uber services include UberX and Uber ChapChap that can only have between 3 to 4 riders depending on the type of car. The new addition will basically mean, 6 riders can now choose a single ride, rather than ordering more cars for the same number of people.

According to a message send to customers earlier on Monday, people travelling in groups will now an option to choose Uber XL with a seating capacity of up to 6 riders, a clear upgrade over regular services that can have a maximum of 4 riders seated. This is specially expected to benefit various groups such as road trips, office meetings or even just travelling for leisure activities such as tourism.

And as expected, rates are a little higher than regular services with the company saying that customers will be charged from KES 390.  Uber is the most popular taxi hailing company in the country followed by Bolt and Little. We expect Uber to increase in popularity especially by tapping in the high-capacity taxi services segment.  

How to request UberXL for a group of 6 riders

The process is similar to requesting normal rides except, users will instead choose UberXL rather than regular services.  

Key tea farming services at Kipkebe Ltd to be done by drones, thanks to Kenya Airway’s Fahari Aviation

There have been several controversies when it comes to drone ownership in the country, more so resulting from unclear legislation that is supposed to guide regulations in these sectors. However, this has not prevented firms like the Kenya Airways from exploring areas on how they can benefit from it. We’ve previously seen the responsible authority (KCAA) indulge various stakeholders in coming up with guidelines on using drone technology in Kenya.

Kenya’s biggest airline carrier – Kenya Airways though its subsidiary; Fahari Aviation has announced partnership with Sasini’s subsidiary – Kipkebe to introduce drone technology in major tea farming services. In the deal, Sasini is aiming at improving its precision agricultural services through use of drones in areas such as chemical spraying as well as fertilizer application.

Considering this would be one of the major areas that drone technology will be used, the move is specifically touted to benchmark the effectiveness of using drones in various activities within the tea farming industry. In case the deal is successful, we expect Sasini to roll out similar services in various tea farms that are within its umbrella, and possibly motivate other players in the industry to adapt the same.

As of today, high-capacity drones can be used to handle various farming activities in plantations that occupy more than 3000 acres of land. And while it would have taken several weeks for several works to complete these activities, the two companies are confident that a drone would easily handle the same within a week. Additionally, the two firms have indicated that this would in turn save on costs in fertilizer application to the tune of 50 percent.

Other advantages include better accountability of product supply as well as improved accessibility of tough terrains. The Airliner is keen on unveiling and implementing future aviation technologies and is part of the Fahari’s strategy of contributing to the sustainable development of Africa by championing new dimensions within the industry with the use of drones and unmanned aircraft.

How to start forex trading Kenya

Are you interested in learning about forex trading in Kenya? If your answer is positive then you come to the right place. Kenya has regulations in place to protect customers involved in Forex trading. This means that your actions will be safe from fraudulent traders. The Capital Markets Authority of Kenya (CMA) is responsible for regulating brokers and ensuring customer protection. This makes Kenya a safe place to trade Forex.

In this article, we are going to tell you some simple steps on how to start your trading activity in such a developing country as Kenya. So let’s get acquainted with them now.

Start from market concepts

When starting out in the Forex market, you should do your research and understand the environment you’re trading in. Without this knowledge, your chances for profit are greatly reduced. Start learning the concepts, terminology, and the basics of the trading processes as the collision with them during making deals is inevitable.

Choose the brokerage company 

Picking a broker is an important first step to trading. There are many factors to consider, but 2 of the most important are regulation and leverage

Make sure your broker is regulated by a reputable authority to ensure that your money is safe. Additionally, be aware of the level of leverage offered by the broker. Leverage allows you to trade with more money than you have in your account, but it also increases your risk of loss. Use caution when choosing a broker and make sure you understand the risks involved.

Open the trading account

Make sure you choose a broker with a free demo account so that you can practice and get comfortable with their platform. Learn about the various order types, how to open and close positions, use technical indicators, etc. before investing any real money. 

Choose a trading platform

You need a trading platform to trade currency pairs and make profitable deals. There are different types of them, each with its own unique features. The most popular ones include Metatrader 4 and 5, as well as NinjaTrader. In addition, you can always do your research before choosing a platform and starting the trading process.

Manage the risks

When trading, you should practice risk management principles to ensure you can continue trading another day, even after sustaining a losing streak. There are rules for protecting your downside, ensuring profits are realized, and determining an appropriate size for your position. By following them, you can trade more confidently and successfully.

Place trades

Right after picking a broker and a platform to trade, you can start the process by placing your first trade. Make sure the risks are under control and start things.

Conclusion

Forex trading can be a profitable business for those who are willing to learn the ropes and put in the time and effort to practice.

The article has given you a good starting point for learning how to trade forex in Kenya. Remember to start small and use a demo account to practice before investing any real money. With some patience and perseverance, you should be on your way to becoming a successful forex trader in Kenya.

Crypto Currency Today

Remember the posts about the Morgans and Goldman who invested in crypto funds and started to promote the idea? The idea of bitcoin is a very good hedge against inflation and is similar to gold. The fact that these are completely different assets is as obvious as two times two makes four, and I emphasized that this is also obvious to investment banks. If you want to invest, try online casino games Uganda and you will get a chance to win the jackpot and your investment will be approved.

Chaos Is Rising

Now, look at the copyright under the charts above. These were prepared by Goldman Sachs Commodity Research and sent out to clients in late January under the title “Gold: Time to Buy a Defensive Real Asset.”

Although in early January they also wrote that “Bitcoin will compete with gold as a store of value.” I would like to replicate this case as an example of how easily investment bankers can change shoes. But they did not name a time frame, and therefore they cannot be accused of inconsistency.

And note that now Goldman Sachs is actually talking about the lack of product/market fit for cryptocurrencies.

That Is Not The End

The cryptocurrency market decreased by more than $200 billion in a day. The collapse occurred against the backdrop of the fall of the “stablecoin” TerraUSD (UST). Let me remind you that a “stablecoin” by design is a stablecoin that is pegged to a specific currency. So UST should be worth $1, but now it’s worth less than $0.25.

The fall of UST, which coexisted with the LUNA token in an absolutely flawless and transparent system of smart contracts, is an unthinkable phenomenon for crypto adherents. For them, a natural cataclysm occurred and they continue to believe that this will definitely never happen with USDT together with USDC, because these are not just “stablecoins”, but “stablecoins” backed by a real dollar.

However, USDT issuer Tether was fined $41 million in the US for making false statements about the amount of collateral back in 2017, and in general articles like Bloomberg’s “Anyone Seen Tether’s Billions?” The press is full. Now, regulators are worried about stable coins. And Ms. Yellen herself has started talking about their risks.

Which Are the Best Sports Betting Sites in Kenya with Good Odds to Win

Sports betting attracts a lot of people in Kenya that are looking for entertainment. Backing your favorite teams with the possibility of creating profits provides a good dose of adrenaline. Thanks to online betting, you can now place your wagers anytime without going to a retail shop. The expansion of online sportsbooks is still ongoing, but not all provide the same betting experience. Therefore, we have analyzed the Kenyan market to create a list of betting sites that offer the best service. Let’s check the best sports betting sites in Kenya together.

Betway

We’ll start the list of betting sites in Kenya with a well-known global operator – Betway. It is a licensed operator which launched its online activities in 2006. Betway also entered the Kenyan market and recognized its great potential.

Therefore, Kenyan players can count on attractive bonuses, and thanks to the current promotion, you can get a free bet of up to KSH5,000 upon registration. Besides that, Betway has launched a specially dedicated platform for Kenyan bettors. Its minimalistic design is suitable for beginners, and Betway is a great place to start your experience if you are a newbie in sports betting.

Moreover, the range of payment methods for Kenyan players at Betway is quite impressive. You can enjoy the convenience of making your transactions through Airtel Money and Mpesa. It is something that makes Betway one of the best betting sites in Kenya. Of course, other trusted banking options are available, and you can have a wide range of choices when making your deposits or withdrawals.

22Bet

Every punter has its favorite sport to bet on, and that’s one of the major criteria when picking a sportsbook. If you search for the best football coverage, then you should take a look at 22Bet. It is another international operator, with its headquarters in Cyprus. This operator was launched in 2017, but it quickly attracted many customers, including the ones from the Kenyan market.

As we have already mentioned, 22Bet offers numerous markets for football events. More importantly, it offers competitive odds, which can make a difference compared to other operators. Players can take advantage of different promotions to boost their bankrolls, while the sportsbook accepts Kenyan Shillings as a currency. Among a wide range of payment methods, you can use Mpesa and Airtel Money.

Another convenience is placing your bets on the go, and 22Bet has great mobile apps. They support all functionalities from the desktop version, and you won’t miss a thing on your tablet or smartphone. This shows that 22Bet is a respected operator and among the most popular betting sites in Kenya.

BetWinner

BetWinner is another convenient operator for Kenyan players, and it also runs the sports betting offer globally. It is one of the betting sites with the best sports offer, covering numerous events even if they are not very popular. Although BetWinner casino is not available for Kenyan customers, the sports betting platform is where this operator excels.

This sportsbook also pays attention to the Kenyan market, offering different perks that make it one of the best betting sites Kenya. The Mpesa deposits and withdrawals are available for punters, providing extra convenience in the sports betting experience. Additionally, BetWinner also supports payments via credit/debit cards, e-wallets, and even cryptocurrencies.

You shouldn’t face any issues using BetWinner sportsbook, but in case you do, prompt customer support is there to help you. The quickest way to contact customer support is via the live chat functionality on the website. Alternatively, you can call them by phone or send them an email. Undoubtedly, BetWinner is among the most respected Kenyan betting sites.

Melbet

Despite being a relatively new operator in the Kenyan market, Melbet has attracted a lot of players. This operator was founded in 2012, and it is a licensed sportsbook available to players across the world. Melbet is among the online betting sites that offer the most lucrative sign-up bonus for its customers. If you register for an online account, Melbet will match your deposit by 200% up to KSH20,000. You can take advantage of this deal to increase your bankroll and extend your wagering experience.

Besides that, you can make your deposits using Mpesa for the easiest convenience for Kenyan players. Melbet is one of few sports betting sites with PayPal as a banking option, besides other popular e-wallets and other payment methods. Regarding the wagering experience, Melbet has the cash-out option that allows you to take your winnings before all your bets have finished. Bettors should enjoy a great experience at Melbet, which is one of the best betting sites.

1xBet

We’ll wrap up the list of the best sports betting sites with one of the highest payout rates in the market! 1xbet is a licensed international operator that also offers its sports betting services to Kenyan players. It probably has the best coverage of football leagues and sports in general. The payout rate for the most popular football competitions is 98%, and very few bookmakers can beat this figure.

1xBet’s mobile application is slick and very intuitive to use. Punters will find it very easy to place their bets on the go, while the newly registered ones can enjoy a generous welcome bonus. This operator runs promotions for existing customers as well, and you can take advantage of them to increase your bankrolls.

When it comes to making transactions, 1xBet has numerous options, including cryptocurrencies. You will definitely find a convenient banking option in a very wide palette offered by 1xBet. Eventually, its superior customer support will help you resolve any issue you may encounter using this operator.

Conclusion

Kenyan bettors have many options to place their wagers. We have covered the best betting sites in Kenya so that you can get the most out of your betting experience. Now, it’s your turn to act fast and grab one of the generous bonus offers for new players. Sign up, and don’t miss the chance to get some more money to bet with and kick off a memorable experience!

Why Bitcoin Cold Storage Is a Good Choice?

Bitcoin’s record-breaking performance in the last couple of years has drawn the attention of millions of investors across the world. The market value of Bitcoin reached a jaw-dropping mark in 2021, and as a Bitcoin owner, you can go celebrate it.

As an investor, you must be aware of the task of safely storing your cryptocurrency and minimizing the possibility of your wallets getting hacked. However, if not the market volatility, a high-profile hack can cause a huge loss for you. So, keeping your assets safe should be a priority for you.

Hot and cold are the two most popular options investors can get when storing their assets safely. Cold storage or wallets are comparatively safer than hot storage, and the storage system is preferred and used by millions worldwide. So, if you are a novice investor, you must be familiar with the benefits and risks of using the Bitcoin cold storage facility.

In this article, we will focus on the details of the Bitcoin cold wallet and its advantages and highlight its associated risks. So, read on to gain in-depth knowledge about Bitcoin’s cold storage facility.

What is Bitcoin Cold Storage or Wallet?

Before focusing on the pros and cons of Bitcoin cold storage, we must talk a little about what cold storage is. As we know, no tangible coins are used fortrading in the Bitcoin network, and you will need a virtual wallet to keep your intangible digital currency safely. Like traditional wallets, a virtual wallet helps its owner to buy, sell or use cryptocurrencies for various purposes.

The concept of Bitcoin cold storage or wallet implies an offline storage facility for Bitcoins. Unlike a hot wallet, which is a virtual online storage facility, a cold wallet is a tangible hardware device. A secure mechanism protects a Bitcoin cold storage, and hackers cannot access it. Bitcoin cold storage wallets are available in the shape of hardware wallets, paper wallets, deep cold storage, and sound wallets.

Benefits of Bitcoin Cold Storage

The cold wallet is one of the finest inventions, and the best thing about a cold storage facility is that it comes in tangible form. That means you can take it anywhere you want. However, the biggest benefit of using a cold wallet is that the small tangible device offers the highest protection from hacking and theft.

The physical Bitcoin storage facility is safe and secure compared to hot wallets and other storage options. An unauthorized person can’t steal information from a cold wallet. To access information stored in a cold wallet, you need the physical device, PINs, and passwords.

To use a cold physical wallet, you need to connect the device to your computer, and you do not have to worry about data theft. Remember, the possibility of unauthorised access will remain low even if the device is connected to the internet. The cold wallet is protected with the authorized person’s signature.

You will need your digital signature to complete the process if you want to initiate a Bitcoin transaction through the cold wallet.

Risks Associated with Bitcoin Cold Storage

Even though it is almost impossible for hackers to steal your Bitcoins from a physical cold storage device, there are some risks associated with the storage facility. For example, since the wallet is available in tangible form, the chances of getting damaged are always there.

Also, you can lose or damage the device during transition. Another disadvantage of using a cold wallet is that the investor needs to reveal his/her identity to store Bitcoin in the wallet. Generally, an investor does not need to reveal his identity to buy or sell Bitcoins.

The control issue is also a major risk associated with cold Bitcoin wallets. The owner’s private keys protect cold wallets, but the problem is that the Bitcoin network does not allow a person to access information using private keys. So, if the authorized person dies, other Bitcoin investors get affected too.

Conclusion  These are some major advantages and drawbacks of using a Bitcoin cold storage facility. For fast and secure Bitcoin trading and transaction, you can use hierBitcoin investment is associated with risks and volatility, so make sure you have chosen the best platform to ensure satisfactory outcomes.      

Top 5 Cryptocurrencies to Invest in 2022

Planning to secure your liquid assets against the current inflation and economic slowdown by investing in trading bots? We simplify the process by highlighting some of the best cryptocurrencies worth investing in 2022. 

As a beginner, you may find the task of choosing the best crypto a little bit confusing. The market is flooded with more than 20,000 cryptocurrencies. So picking the correct one can be a puzzling and discouraging job for a beginner.

Whether you use cryptocurrencies to make purchases or consider them assets for long-term investment, you must choose the right digital currency to ensure a satisfactory return. Even though volatility and the sudden freefall in value make virtual currencies a risky investment, you can protect yourself from such odds by investing your money in the right currency.

The cryptocurrencies we have listed below are among the best in the market.

1. Bitcoin – BTC

Bitcoin is the top-ranked cryptocurrency in the world today. Even though Bitcoin is the most expensive crypto to invest in today, it is less volatile and secure than other cryptocurrencies. If you look at the market value of a single BTC in the last couple of months, you will find its value hovering between USD18 000 and USD22 000.

The digital currency reached the USD 60,000 mark in 2021. According to some market experts, the market value of a single BTS can reach USD75,000 soon. So, if you are looking for the best currency for long-term investment, Bitcoin can be a good choice. Looking for a trustable platform to trade Bitcoin.

2. Ethereum – ETH

Ethereum allows developers to generate new cryptocurrencies and install smart contracts. Although the market value of ETH is far less than the industry leader Bitcoin, it is far ahead of its competitors in the field. ETH is the second most valuable crypto in the market and can be a good pot to invest in.

ETH has the potential to beat the odds and become a good currency to invest in. Despite being a part of a highly volatile market, ETH has proved its worth. The digital currency has witnessed a tremendous surge in its value between the timeframe of 2016 and 2022. In the beginning, the value of a single ETH was USD 10, which has gone past USD 3,500 in 2022. So, ETH is a good choice for investment for long-term perspective.

3. Binance Coin – BNB

BNB is another feasible option to invest in. You can use BNB coin for investment, payments and travel booking.

The value of a BNB token has plunged below USD 410. Even though the current value of BNB is around USD 240, its past performance may encourage you to pick BNB as a stable investment option. Also, you can exchange BNB coins for other cryptocurrencies like Bitcoin or Ethereum in the market. 

4. Solana – SOL

Solana, popular as the Ethereum beater, is an open-source project using a blockchain network to deliver decentralized economic solutions. Solana is promising crypto in the market and has made noticeable progress in its value in the last couple of years.

The value of an SOL token has increased by 450% in 2022 and reached the USD 450. SOL’s latest record is fairlystriking, and it can be a first-rateoption for investment in 2022. 

5. Cardano – ADA

Developed on a fast-growing blockchain network, Cardano is known for its capability to re-distributing control from an inexplicable framework to the margins. Even though the value of ADA is as low as USD 0.48, investing in Cardano today can be a good decision.

This is because Cardano is very open and promotes a welcoming environment for all. As a new investor, you will face no obstacle to trading ADA. All you need to become a Cardano investor is some short of money. Many experts predict the value of the Cardano token will flourish in the coming days.

Conclusion Crypto investments are lucrative and profitable, if you plan your investment strategy aptly. With the right knowledge of crypto market, you will make the right decision. Cryptocurrency investment is subject to risks and volatility, so we suggest you research well before investing your hard-earned money in the crypto market in 2022.