Battle: Dar es Salaam vs Nairobi

Battle: Dar es Salaam vs Nairobi

Kenya Premier League
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coodip1 said:
Uchumi gani ambao cant even implement a single project ya magnitude ya $100m kwa pesa za ndani.
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Lamu port ya $400 million tulijenga kwa pesa yako sio? Konza city ya $400 million tumejenga kwa pesa ya kukopa sio? Unapenda kuropokwa sana. Hizo miradi miwili hatujakopa.
 
Tony254 said:
Lamu port ya $400 million tulijenga kwa pesa yako sio? Konza city ya $400 million tumejenga kwa pesa ya kukopa sio? Unapenda kuropokwa sana. Hizo miradi miwili hatujakopa.
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Lamu port haijafika $250 mln!
 
Don YF said:
Kenya kuna slums hatutapinga, ila kwa urefu na upana makazi uchwara ni picha ya ufukara na jina la kati na la mwisho la Tanzania yoote..,.

Makazi ya Watanzania wa kawaida jijini Dar..,
View attachment 2313831

Makazi ya wakenya wa kawaida Nairobi..,
View attachment 2313832
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Haya wewe mkazi wa kibera slums, toroli la kunyea linapita sasa nenda kajisaidie>!! Hatuna umaskini wa aina hii TZ!!
 

Wueh! Crypto imenyorosha wengi..., but we are hopeful!​

UN: Over 4 million Kenyans own crypto, highest share in Africa​

TUESDAY JULY 05 2022
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Kenya has the largest share of its population with crypto currencies in Africa, says the United Nations, pointing to the country’s exposure to the ongoing meltdown in the crypto market.

A report by United Nations Conference on Trade and Development (UNCTAD) says that 8.5 percent of the population or 4.25 million people own cryptocurrencies in the country.

This places Kenya ahead of developed economies such as the United States, which is ranked sixth with 8.3 percent of its population owning digital currencies.

War-torn Ukraine is ranked top, with 12.7 percent share of its population with cryptocurrencies, followed by Russia (11.9 percent), Venezuela (10.3 percent) and Singapore (9.4 percent).

ALSO READ: Crypto crash threatens North Korea's stolen funds

The crypto market, known for its wild price swings, has shed more than half of its value since November last year as investors pulled out money from riskier assets amid worries over soaring inflation and rising interest rates.

RELATED STORIES​


This has hit the estimated four million Kenyans, mainly young and small traders, who in recent years have flocked to cryptocurrencies in the hope of quick returns, despite warnings from regulators such as the Central Bank of Kenya (CBK) that the emerging assets can be high-risk.

South Africa and Nigeria are ranked eighth and ninth globally, with 7.1 percent and 6.3 percent of their populations owning digital currencies respectively.

UNCTAD linked Kenya’s rising adoption of digital currencies to low fees charged by crypto exchanges, speed in sending remittances and Internet access.

“During the pandemic, the already high costs of traditional remittance services rose even higher during lockdown periods due to related disruptions,” the report says.

The report backs a similar finding by blockchain analytics firm Chainalysis which ranks countries on crypto adoption, which revealed last year that there are an estimated four million Kenyans with crypto accounts.

“The returns from cryptocurrency trading and holding are, as with other speculative trades, highly individual. On balance, they are overshadowed by the risks and costs they pose in developing countries,” UNCTAD said. The sector is not regulated in the country and remains largely unregulated even in the developed world.

This makes it difficult to establish the value of digital assets held by the mostly tech-savvy Kenyans, but the amount could run into billions of shillings.

Kenyan investors buy cryptocurrencies to preserve their savings, carry out international transactions either for individual remittances for those working in places like Europe and North America or for commercial use, such as purchasing goods to import and sell, says Chainalysis.

ALSO READ: Bitcoin stems heavy losses but pessimism reigns in crypto markets

The payment of imports through cryptocurrency is seen as convenient and quick because the traders no longer have to buy dollars using the Kenya shilling or fork out fees to money transfer firms such as Western Union.


But the recent turmoil is inflicting pain on these retail investors, even as dealers termed the market swings normal.

UNCTAD has raised the alarm on the financial instability that digital currencies pose and the risks of criminals using them to hide illicit cash.

The CBK holds a similar opinion. CBK governor Patrick Njoroge says cryptocurrencies pose risks to financial stability but they could be used to solve problems such as bringing the poor into the financial system or cutting transaction costs.

UNCTAD has, however, called on governments to move and regulate the sector.

Cryptocurrencies are unregulated in many countries and their legal status is unclear, meaning there is no safety net and little recourse if you lose funds.

“If left unchecked, cryptocurrencies may become a widespread means of payment and even replace domestic currencies unofficially (a process called cryptoization), which could jeopardize the monetary sovereignty of countries,” the UNCTAD report says.

“The use of stablecoins poses the greatest risks in developing countries with unmet demand for reserve currencies.”

Investing in crypto-assets such as bitcoin picked up during the pandemic alongside nonfungible tokens (NFTs), driven by the perception of safer assets and social media frenzy.

ALSO READ: Crypto meltdown deepens as stablecoin Tether drops below dollar peg

The CBK in February invited public views on the potential introduction of a digital currency to offer some benefits, especially in reducing cross-border payment costs.

The CBK announced in May that it was testing the Central Bank Digital Currency (CBDC), which would be used side-by-side with physical cash.

The overall crypto market capitalisation is roughly $950 billion (Sh102.1 trillion), according to price site Coinmarketcap, down from a peak of $2.9 trillion (Sh340.6 trillion) in November 2021.

The fall in crypto markets has coincided with a slide for equities, as US stocks suffered their biggest weekly percentage decline in two years on fears of rising interest rates and the growing likelihood of recession.
 
mangikule said:
Haya wewe mkazi wa kibera slums, toroli la kunyea linapita sasa nenda kajisaidie>!! Hatuna umaskini wa aina hii TZ!!
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Mifukara kwa mpigo, kalilie kwa choo, sio makosa yangu nyie kukua hovyo 😂 😂 😂 😂 😂 😂 😂
 
Don YF said:

Wueh! Crypto imenyorosha wengi..., but we are hopeful!​

UN: Over 4 million Kenyans own crypto, highest share in Africa​

TUESDAY JULY 05 2022
View attachment 2313985
Kenya has the largest share of its population with crypto currencies in Africa, says the United Nations, pointing to the country’s exposure to the ongoing meltdown in the crypto market.

A report by United Nations Conference on Trade and Development (UNCTAD) says that 8.5 percent of the population or 4.25 million people own cryptocurrencies in the country.

This places Kenya ahead of developed economies such as the United States, which is ranked sixth with 8.3 percent of its population owning digital currencies.

War-torn Ukraine is ranked top, with 12.7 percent share of its population with cryptocurrencies, followed by Russia (11.9 percent), Venezuela (10.3 percent) and Singapore (9.4 percent).

ALSO READ: Crypto crash threatens North Korea's stolen funds

The crypto market, known for its wild price swings, has shed more than half of its value since November last year as investors pulled out money from riskier assets amid worries over soaring inflation and rising interest rates.

RELATED STORIES​


This has hit the estimated four million Kenyans, mainly young and small traders, who in recent years have flocked to cryptocurrencies in the hope of quick returns, despite warnings from regulators such as the Central Bank of Kenya (CBK) that the emerging assets can be high-risk.

South Africa and Nigeria are ranked eighth and ninth globally, with 7.1 percent and 6.3 percent of their populations owning digital currencies respectively.

UNCTAD linked Kenya’s rising adoption of digital currencies to low fees charged by crypto exchanges, speed in sending remittances and Internet access.

“During the pandemic, the already high costs of traditional remittance services rose even higher during lockdown periods due to related disruptions,” the report says.

The report backs a similar finding by blockchain analytics firm Chainalysis which ranks countries on crypto adoption, which revealed last year that there are an estimated four million Kenyans with crypto accounts.

“The returns from cryptocurrency trading and holding are, as with other speculative trades, highly individual. On balance, they are overshadowed by the risks and costs they pose in developing countries,” UNCTAD said. The sector is not regulated in the country and remains largely unregulated even in the developed world.

This makes it difficult to establish the value of digital assets held by the mostly tech-savvy Kenyans, but the amount could run into billions of shillings.

Kenyan investors buy cryptocurrencies to preserve their savings, carry out international transactions either for individual remittances for those working in places like Europe and North America or for commercial use, such as purchasing goods to import and sell, says Chainalysis.

ALSO READ: Bitcoin stems heavy losses but pessimism reigns in crypto markets

The payment of imports through cryptocurrency is seen as convenient and quick because the traders no longer have to buy dollars using the Kenya shilling or fork out fees to money transfer firms such as Western Union.


But the recent turmoil is inflicting pain on these retail investors, even as dealers termed the market swings normal.

UNCTAD has raised the alarm on the financial instability that digital currencies pose and the risks of criminals using them to hide illicit cash.

The CBK holds a similar opinion. CBK governor Patrick Njoroge says cryptocurrencies pose risks to financial stability but they could be used to solve problems such as bringing the poor into the financial system or cutting transaction costs.

UNCTAD has, however, called on governments to move and regulate the sector.

Cryptocurrencies are unregulated in many countries and their legal status is unclear, meaning there is no safety net and little recourse if you lose funds.

“If left unchecked, cryptocurrencies may become a widespread means of payment and even replace domestic currencies unofficially (a process called cryptoization), which could jeopardize the monetary sovereignty of countries,” the UNCTAD report says.

“The use of stablecoins poses the greatest risks in developing countries with unmet demand for reserve currencies.”

Investing in crypto-assets such as bitcoin picked up during the pandemic alongside nonfungible tokens (NFTs), driven by the perception of safer assets and social media frenzy.

ALSO READ: Crypto meltdown deepens as stablecoin Tether drops below dollar peg

The CBK in February invited public views on the potential introduction of a digital currency to offer some benefits, especially in reducing cross-border payment costs.

The CBK announced in May that it was testing the Central Bank Digital Currency (CBDC), which would be used side-by-side with physical cash.

The overall crypto market capitalisation is roughly $950 billion (Sh102.1 trillion), according to price site Coinmarketcap, down from a peak of $2.9 trillion (Sh340.6 trillion) in November 2021.

The fall in crypto markets has coincided with a slide for equities, as US stocks suffered their biggest weekly percentage decline in two years on fears of rising interest rates and the growing likelihood of recession.
Click to expand...
Crypto is not a safe investment.
 
mangikule said:
Afrika watu wananunua kunya kwenye toroli halafu wanajiita matajiri.!! Wonders shall never end!!
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Povuu kisa maumivuu, nilijua utanyongwa, ukweli imekutesa 😂 😂 😂 😂 😂 😂 😂
 
Don YF said:
The more the risk the more the potential for higher returns.., depends na strategy.., trading in the financial markets and stocks is my side hustle.
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For such risky investments it is easy to make a lot of money or a lot of losses. There are poor people who become overnight millionaires and millionaires who become overnight beggars. I prefer safer investments with smaller returns. But I understand why people love such investments.
 
Nicxie said:
Facts they hate to see
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These are not facts.

Majority of our people are producers of their daily basic needs. Hawana sababu za kuspend hiyo $1.5 or so dollars. Huu ni ujinga tu wa Wazungu na Wakenya.

An ordinary Tanzanian eats what a middle or upper class person in almost all higher income countries can't afford.

Go check prices of grass fed beef in those countries!
 
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