Tuesday Business Brief: Quest at Capital FM, Connected Kenya, Bitcoin turns 10

October 23, 2018 (4 weeks ago)
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NAIROBI, Kenya, Oct 23 – CNN anchor Richard Quest was this morning hosted by Capital in the Morning presenter Makbul in an exclusive interview where he talked about attracting and retaining investors, governance, Brexit, KQ and the aviation industry and much more. We will post the full interview in the course of the day.

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The annual Connected Kenya Summit will be celebrating its 10th anniversary this year. This year’s forum will take place in Nairobi at the Bomas of Kenya with over 1000 delegates, local and international, expected to attend from today.

The Summit’s thematic tracks will include President Kenyatta’s Big Four pillars of Manufacturing, Food Security, Universal Healthcare and Affordable Housing.

There will also be conversations around emerging technologies such as Blockchain, Internet of Things, big data and Artificial Intelligence, among others.

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As bitcoin marks 10 years this month, the virtual currency may be the fraud of the century, depending on who you ask, or it could be a goldmine for early adopters.

Adventurous investors have already bought into the virtual currency and Wall Street is laying the groundwork for more wealth to flow into the cryptocurrency.

Near the end of 2017, bitcoin reached almost $20,000 in value amid a buying frenzy but it has since come down closer to earth and is now worth around $6,400.

Such volatility is too nerve-wracking for most mainstream investors but the radical price swings hold appeal for short-term traders, offering true believers in the currency a variety of investment opportunities at various risk levels.

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