What Is Google Wave?

Did you know that email as we know it was invented 40 years ago? What if email was invented today, what would it look like?

Well, Google Wave has been describe as what email would look like if it was invented today, and it is hitting the world like a strom. Watch the video to learn more.

How To Unsubscribe From Bidii Afrika

A couple of my friends have been subscribed unwillingly to this Google Group: Bidii Afrika. Maybe you’ve heard of it? It has a nasty reputation for spam.

Unsubscribing from a Google Groups is very easy so I was somewhat surprised that my friends had been having trouble. I found out why as soon as I joined the group. At the footer of every email, the group owner puts some helpful on how to unsubscribe:

TO UNSUBSCRIBE EMAIL: bidii-afrika-unsubscribe@googlegroups.com

Only that it isn’t very…helpful. Sending an email to: bidii-afrika-unsubscribe@googlegroups.com will NOT unsubscribe you from the group. Sigh.

The correct instructions are here, from Google themselves.

How do I unsubscribe from a group?
You can unsubscribe from a group through our web interface or via email. To unsubscribe from a group through our web interface, just click the “Edit my membership” link on the right-hand side of the group’s homepage. Then click the “Unsubscribe” button on the page that appears.

To unsubscribe from a group via email, send an email to GroupName+unsubscribe@googlegroups.com. For example, if you wanted to leave google-friends, you’d send an email to google-friends+unsubscribe@googlegroups.com

Please note: If you unsubscribe from a group that only allows members to see group content, you may not be able to read that group’s pages anymore. If you want to continue your membership in a group, but don’t want to receive group email, select the “No Email” option on the left side of the Edit My Membership page and click “Save these settings.”

So the correct email to use should you want to unsubscribe from Bidii Afrika is: bidii-afrika+unsubscribe@googlegroups.com

Forex Trading In Kenya – An Introduction


Forex or foreign exchange or simply FX, are terms used to represent the many world currencies being traded in the market. There is no single central forex market in Kenya, or the world. The foreign exchange market is more like an over the counter market and trading typically happens between two people/companies directly. You can trade currencies over the phone, or through the Internet from the world over. Some of the main forex trading centers are New York, London, Frankfurt, Sydney, and Tokyo. Due to these worldwide located hubs, the forex market pretty much trades around the clock.

What is Forex Trading?
Forex trading in Kenya or anywhere else in the world, is the buying and selling of a combination of two currencies simultaneously. This combination of trading currencies is known as ‘cross.’ For example: you can buy the Euro and sell the US dollar or you can buy Japanese yen and sell the GB pound or any other combinations. However, there are some currencies that are traded more often than others. These combinations of currencies, “crosses”, are known as ‘majors’ and include EURUSD (Euro-USD), USDJPY (USD-Yen), and GBPUSD (Pound-USD).

Another thing to remember when trading foreign exchange is that the forex market’s maximum volume of trade is known as the ‘spot market’. This is because the various trades get settled on an immediate or “on-the-spot” basis here. Typically, immediate means 2 banking days.

So How Do You Make Money?
Well, you make money by trading: buying low and selling high. One of the simplest ways to do this is by ‘forward outrights’.

Forward Outrights – simply put, this is a contract to buy an agreed amount of a certain currency at a future date and at a fixed price. For example, you could agree to buy $1,000 next month at Kshs 76 per dollar. When next month comes, if the dollar has risen to, say, Kshs 78 per dollar, then you can buy 1,000 dollars at 76 and selling them at 78, making Kshs 2 per dollar. It’s a gamble but can pay off quite well.

In the past, foreign exchange trading required huge amounts of money to start and was only for the “big boys”. However in the 1980s the rules were changed, and now even individuals can trade forex profitably and fairly easily. One major improvement is margin accounts.Basically, having a 100:1 margin account means that you can control $100,000 using only $1,000 of your own money. That said, ofrex trading is not always a smple affair. Every aspiring forex trader has to educate himself in order to make goos investment decisions. Once started, the trading is not difficult. But it is risky.

Why Trade Forex?
The advantages of trading forex and making money online are many. Some of these are:

  1. Around the clock trading – You can trade from Sunday evening 20:00 GMT to Friday evening 22:00 GMT.
  2. Higher Liquidity – You will always find buyers and sellers to trade FX with. The high market liquidity helps in stabilizing the price and narrow down the spreads.
  3. No commissions – Most forex trade is done without commission. This is one of the main reasons for foreign exchange trading being such as wonderful online money making choice for people in Kenya or the US.

How to Start Trading FX
To start trading, all you need a FX account with funds to buy forex and a PC with a good speed Internet connection. For beginners, we recommend sharpening your trading skills by opening a demo account with a good FX trading company. The account is free and allows you to ‘play’ with your funds to learn the trade. You can get a free practice account here or here.

In order to minimize your risks and maximize your gains, research extensively on the subject and use proper trading tools only. Do not hesitate to ask us for more information. Good luck. 🙂

Any Good Banks In Kenya?

Last week one of my friends and I walked into a bunch of banks in Nairobi with the sole goal of getting an account in the name of our startup business. It was not a good experience by any means. Pretty much all of the banks had requirements that made life difficult for us, including sill high fees, a requirement for references (where are we going to get those?) and other things that didn’t sit well with us.

Anyone know a good bank for a startup business?

Starting Your Own Business

In his book ‘Small is the new big’, Seth Godin writes, “As long as you work for someone, you have no job security. As long as your company is public, your future is in the hands of others—people who are likely not as smart as you are. And as long as you follow the instructions of others, you won’t be fulfilling your destiny of really and truly making a difference in the way people live and work.”

Lately I’ve come across quite a lot of people who have remarkable ideas for a new business that they’d like to start. I love hearing about these! Unfortunately, the talks usually end with a bunch of excuses why the business has to wait until you are “ready”. When are you ever going to be ready for the crazy ride that is running your own business? There’s never going to be a more perfect time than now.

One of the founders of Meebo gives this advice to aspiring startups, “At the exact moment you had your idea, ten other people had the exact same idea. There was just something in the environment that made it the right time for folks to think that one up. The race has already begun! Who’s going to execute first? Who’s going to execute best? If you want to waste nine months trying to raise VC money for that idea, great. But six months in, you’re gonna cry when you see someone else put out that same product you’re pitching me right now. Like I said, forget everything else and just get your product out the door. Now.”

Don’t wait for anything, start now. Hurry!

I’ll let you in on a little secret, if you cannot do absolutely anything for your new business without getting funding or another form of support, you better quit now because you will not go very far. You need that initiative and fire to at least do something before you get support. Think about all the great businesses and companies of our time – a lot of them started in garages, parking lots and dorm rooms.

Do You Have To Work Hard?

We talk a lot about making money on this site. In fact, we ask this elsewhere, “What if you could fend for yourself… make your own money, your own way? I’m sure this is where most of us want to be. We want to be in control of our own destiny. Sure that’s easier said than done, right?

Yep, it is very much easier said than done. One has to work hard and go through all kinds of situations and challenges if one wants to succeed. Anything – school, work, business – anything! What is the place for passion in all this? Passion kind of ties everything up together and makes you focus. If you aren’t passionate about what you do, you will not be very successful at it. When times get really tough, passion is what makes you able to persevere.

But what should you be passionate about? Some people put on blinkers and pursue their career/education/whatever like nothing else exists. They close themselves to everything but their chosen focus. You know what I mean, right? Sadly, what suffer the most are friendships and other personal relationships. You’re starting your new business so you have no time for your friends and other “non-value-enhancing” things. You want to focus on school work or your career and so you decide to sacrifice some friendships/relationships. It happens all the time. Do you do it?

But do you have sacrifice so much to achieve success?

“Your great-grandfather knew what it meant to work hard. He hauled hay all day long, making sure that the cows got fed. In Fast Food Nation, Eric Schlosser writes about a worker who ruptured his vertebrae, wrecked his hands, burned his lungs, and was eventually hit by a train as part of his 15-year career at a slaughterhouse. Now that’s hard work.

The meaning of hard work in a manual economy is clear. Without the leverage of machines and organizations, working hard meant producing more. Producing more, of course, was the best way to feed your family.

Those days are long gone. Most of us don’t use our bodies as a replacement for a machine — unless we’re paying for the privilege and getting a workout at the gym. These days, 35% of the American workforce sits at a desk. Yes, we sit there a lot of hours, but the only heavy lifting that we’re likely to do is restricted to putting a new water bottle on the cooler. So do you still think that you work hard?

You could argue, “Hey, I work weekends and pull all-nighters. I start early and stay late. I’m always on, always connected with a BlackBerry. The FedEx guy knows which hotel to visit when I’m on vacation.” Sorry. Even if you’re a workaholic, you’re not working very hard at all.

Sure, you’re working long, but “long” and “hard” are now two different things. In the old days, we could measure how much grain someone harvested or how many pieces of steel he made. Hard work meant more work. But the past doesn’t lead to the future. The future is not about time at all. The future is about work that’s really and truly hard, not time-consuming. It’s about the kind of work that requires us to push ourselves, not just punch the clock. Hard work is where our job security, our financial profit, and our future joy lie.

It’s hard work to make difficult emotional decisions, such as quitting a job and setting out on your own. It’s hard work to invent a new system, service, or process that’s remarkable. It’s hard work to tell your boss that he’s being intellectually and emotionally lazy. It’s easier to stand by and watch the company fade into oblivion. It’s hard work to tell senior management to abandon something that it has been doing for a long time in favor of a new and apparently risky alternative. It’s hard work to make good decisions with less than all of the data.

Today, working hard is about taking apparent risk. Not a crazy risk like betting the entire company on an untested product. No, an apparent risk: something that the competition (and your coworkers) believe is unsafe but that you realize is far more conservative than sticking with the status quo.

Richard Branson doesn’t work more hours than you do. Neither does Steve Ballmer or Carly Fiorina. Robyn Waters, the woman who revolutionized what Target sells — and helped the company trounce Kmart — probably worked fewer hours than you do in an average week.

None of the people who are racking up amazing success stories and creating cool stuff are doing it just by working more hours than you are. And I hate to say it, but they’re not smarter than you either. They’re succeeding by doing hard work.

As the economy plods along, many of us are choosing to take the easy way out. We’re going to work for the Man, letting him do the hard work while we work the long hours. We’re going back to the future, to a definition of work that embraces the grindstone.

Some people (a precious few, so far) are realizing that this temporary recession is the best opportunity that they’ve ever had. They’re working harder than ever — mentally — and taking all sorts of emotional and personal risks that are bound to pay off.

Hard work is about risk. It begins when you deal with the things that you’d rather not deal with: fear of failure, fear of standing out, fear of rejection. Hard work is about training yourself to leap over this barrier, tunnel under that barrier, drive through the other barrier. And, after you’ve done that, to do it again the next day.

The big insight: The riskier your (smart) coworker’s hard work appears to be, the safer it really is. It’s the people having difficult conversations, inventing remarkable products, and pushing the envelope (and, perhaps, still going home at 5 PM) who are building a recession-proof future for themselves.”

Seth Godin

Going by that, I put it to you that you don’t have to give up any friendships or relationships to achieve your goals and dreams. You don’t need to sleep at 2am everyday for two years just so that you can get that A, or start that new business. Better to work smart. What do you think?

Photo courtesy of KevinMiller.

Build Your Own Cloud

According to the Chaos Theory, in a giant system that has lots of interconnections, even the smallest action can have a massive impact. It’s more simply described by the butterfly effect. This theory has taken its toll on the software business, thanks to the rise of open-source software platforms. Today, I learned about a move made by Backblaze, a small San Francisco-based online back-up service that can cause a similar disruption in the storage industry.

The company, whose primary business is selling online storage to consumers for a small monthly fee today, announced that it’s giving away the design of its storage cluster for anyone to use, modify and build upon. The design allows anyone to build large storage clusters -– from a few terabytes to over a petabyte. – GigaOm

That’s right, in an interesting move, Backblaze gave away their storage ‘pod’ design and now anyone, theoretically, can build their own cheap storage system. In this one move, Backblaze show you how to set up your own storage for a fraction of the average market price.

It makes me think about the rise and rise of open source software. Could hardware go the same way?