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Volkswagen brings electric cars to Rwanda for ride-hailing service

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Volkswagen is importing a batch of electric powered Golf models into Rwanda for a local ride-hailing service, establishing a bridgehead in the country that it hopes to expand to other nations as it seeks to increase market share globally.

Importing the vehicles into Rwanda, which sells itself to foreign investors on its reliable infrastructure, stability and relative ease of doing business, and where VW already assembles cars, is initially intended to test infrastructure and performance in the region’s climate.

“We’ve been investing more than $30 billion into new electric vehicles and platforms and the entire world is moving in that direction,” VW’s Africa boss Thomas Schaefer told Reuters. “The plan for Africa is that ultimately, we replace the whole fleet into electric.”

VW, which has a global target of producing 600,000 electric cars a year by 2022, is starting small in Kigali, importing 50 eGolf models in the first few months.

The vehicles – combustion-engine cars modified to run on electricity – will be integrated into the company’s app-driven “Move” service, launched last December.

German power equipment firm Siemens (SIEGn.DE) will build 15 charging stations in Kigali.

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Health & Fitness

Over 82,000 People Have Recovered From Coronavirus Worldwide According To New Medical Report

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A new medical report has released the good news that over 80,000 people have indeed recovered after their initial diagnosis—proving that there is a light at the end of this currently dark tunnel.

According to Newsweek reports, medical officials at John Hopkins University Medical Center are urging people to stay calm by announcing its recent coronavirus recovery findings. According to the latest reports conducted by John Hopkins medical experts, over 82,000 have recovered from the coronavirus worldwide.

China, where the virus initially started back in January, is now no longer predominantly affected, as cases outside of China have officially surpassed those within China for the first time since the outbreak started. Currently, Europe, Iran and the U.S. are hoping to see the same rate of recovery as China. For about 80% of those who contract the virus, the symptoms will be mild, resembling a common cold or the flu—those people will likely be able to recover from the virus at home without being hospitalized.

Of the majority of the recoveries, approximately 69,755 have been in China, where there have been 81,102 cases and 3,241 deaths. Aside from China, Iran has had the second most accounted for recoveries with 5,389 people successfully recovered.

Meanwhile in Italy, which is currently the hardest hit area, 2,941 people are confirmed to have recovered, according to the report. Additionally, Spain currently has a little over a thousand recoveries, totally 1,081.

Of the 204,277 confirmed cases around the world, 8,246 people have died.

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Technology

Apple Is Reportedly Testing A New Feature That Will Allow iPhone Users To Unsend Text Messages

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Apple is about to change the game! According to Business Insider, the messages will be retracted through iMessage. Apparently once the message is retracted, a notification with very fine print will pop up in the conversation notifying everyone involved that the message was unsent.

The new feature is reportedly set to be a part of the next iOS update for iPhone users. Additionally there will be a new Slack-like mention system that would allow users to tag other contacts with their name like @Jack or @Mary. When you type the @ sign, a list of suggested contacts would appear. This would be particularly useful in busy group chat conversations, as it would be possible to enable the “Hide Alerts” setting and only receive push notifications when you are mentioned directly.

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How to trade Forex in Kenya

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Forex trading has been around since about the 1980s in countries such as Britain and the USA. At that time, at least the system had been established.

In Kenya, forex trading is not common to many, and to many, it is common to know the heartaches and heartbreaks that come with it.

From traversing the forex world for the past several years, I have the first-hand experience, and I can comfortably talk about forex trading. I have lost money trying to figure out what the brokers do, how the system work, and the factors to consider while trading Forex.

Admittedly I want to tell fellow Kenyans that this is a good venture with conditions! It is too good to be ignored, but the conditions are too stringent to be ignored too!

One thing African forex traders are never told meticulously is in the part of risk exposure. All the major countries such as the USA, Britain, and Germany, have their forex brokers well regulated, reducing the risk exposure of the traders. The maximum leverage for most forex brokers falls between 1:40 and 1:100 in these countries. In African countries, the brokers offer up to 1:2000 leverage.

Today, I’m going to summarize this and show how to go about it.

Leverage in real world scenarios is like cattle tethered to a peg. There is a water bucket in the next 40m; there is a river infested with Crocs in the next 1000m, and within the radius of 2000m, there is a lot of green grass, but the cattle have to go through the river. The cattle are safe only within the 40m radius. This is the current situation in Africa and Kenya. And this is the way most of the uncouth brokers make their money. You deposit $100 into your account; the brokers allow you to trade a lot size of up to 5, total madness! This is mathematically impossible people! Your account is going to be wiped out in 2 seconds. Still, on it, the same deposit with a lot size of 1, total madness, your account will last a half-day or full-day if you are lucky.

Now, this is the advice for all traders in Kenya: when you open a real account, check the brokers’ allowed strategies, some will take your money as you will not be able to close open your trade at the time you want once a position has been opened at certain times. Check the legitimacy of the brokers plus their regulators. Be cautious.

Secondly, if you have an amount less than $1000, I’ll advise that you open a cent account and trade not more than three lot sizes in this account. Do not trade lot size of 1 with this amount in a non cent account! Suppose you manage to hit well above $7000, it’s time to go to non cent account and trade not more than 1 lot size. When scalping, you can do up to 3 lot size, but it shouldn’t stay for long!

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