Cryptocurrency is the great African opportunity.

Cryptocurrency is the great African opportunity. Cryptocurrencies are gradually being discovered in Africa.
In countries like South Africa, Ghana, Kenya, Botswana, Zimbabwe and Nigeria, there is a semblance of digital currencies, primarily bitcoin, taking roots.

 Blockchain or DLT (distributed ledger technology) can be seen as the solution for Africa’s current problems and future growth.

 Bitcoin, based on blockchain, could be the engine for African growth, and could fuel the continent’s great leap forward. 

 It is important to first define a few concepts in the field of cryptocurrency. Cryptocurrency  is defined as a digital asset designed to work as a medium of exchange, using cryptography to secure the transactions and to control the creation of additional units of the currency. 

Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.

  Bitcoin became the first decentralised cryptocurrency in 2009.

The growing importance of renewable power in Africa.

The growing importance of renewable power in Africa.To fuel economic growth and support its growing population, Africa needs power. Renewable energy technologies and distributed infrastructure are playing an increasingly important role in the continent’s energy mix. Around the world, 1.2 billion people live without access to electricity. Half of them are in sub-Saharan Africa. Africa trails the rest of the world in terms of access to electricity by a huge margin. In 2014, less than half the population of the continent had electrical power. Everywhere else, the equivalent figure has now passed 90%. If the region is to continue the strong pace of economic growth it has achieved since the end of the 1990s, better access to energy, especially electrical power, will be essential. The growing importance of renewable power in Africa.

Supply chain management: How SMEs can succeed in Africa.

Supply chain management: How SMEs can succeed in Africa.Small and medium enterprises (SMEs) have great potential for expansion in Africa, because they are agile and flexible enough to exploit the opportunities in the continent’s growing economies. John Lucas, country manager of DHL Express South Africa opined that SMEs however need to make supply chain management part of their business plan if they want to succeed. “According to DHL’s own research, conducted by HIS Global Insight, SMEs that engage in international markets are twice as likely to be successful than those that only operate domestically.” He said “In order to succeed, an SME needs to be able to increase inventory velocity, achieve the shortest possible cycle times, continually improve their supplier performance and drive their sales and market share. Supply chain management is central to this.”

DHL and MallforAfrica team up to further cross-border e-commerce to the US.

DHL and MallforAfrica team up to further cross-border e-commerce to the US. DHL Express, the world’s leading international express services provider recently announced its partnership with MallforAfrica, the award-winning global e-commerce company, which will facilitate selling of made-in-Africa products to customers in the United States. Businesses can do so via the eBay platform powered by MallforAfrica. Through this partnership, DHL locations will serve as drop-off points for products destined for consumers in the United States. This will be the first time businesses in Africa can sell their locally manufactured products directly on eBay.

Niger State can feed Africa – Osinbajo.

Niger State can feed Africa – Osinbajo.“With 10 per cent of Nigeria’s total landmass, 80 per cent of which is arable, Niger State symbolises the hope and greatness of Nigeria and has the potential to feed the continent – Africa.” These were the words of the Acting President of the Federal Republic of Nigeria, Yemi Osinbajo, while speaking at the Niger State Investment Summit tagged “Truly Niger” with the theme, “Impact Investing for Advancing Agricultural Economy and Innovation” in Minna. Osinbajo said with three major dams and a couple of small ones, the state is better positioned to drive the diversification of Nigeria’s revenue sources through agriculture.

NYSC Embarks on Free Medical, Veterinary Services in Gombe.

NYSC Embarks on Free Medical, Veterinary Services in Gombe.The National Youth Service Corps (NYSC) has embarked on a four-day free medical mission for animal and man in Gombe State under its Health Initiative for Rural Dwellers. The Director General of NYSC, Brigadier General Suleiman Zakari Kazaure, who inaugurated the programme Thursday at Sabon-Gari Nassarawo community in Gombe metropolis, said: “In this Initiative, we collaborate with the communities and local governments to get to the grassroots and give them healthcare delivery.

Britain puts annual supports for poverty reduction, health, education in Nigeria at €400m.

Britain puts annual supports for poverty reduction, health, education in Nigeria at €400m. British Deputy High Commissioner to Nigeria, Laure Beaufils has confirmed that Nigerian government received about €400 million assistance from her country every year in support of poverty reduction, health and education. Mrs. Beaufils told journalists in Ilorin, the Kwara State capital that, "British Government is supporting the Government of Nigeria in addressing health, education and basic services in general and to ensure that the health of the population here goes from strength to strength.”