Tag Archives: Africa

Bitcoin Segment on China State Television

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Bitcoin Segment on China State Television

“Most people are enthusiasts who use it but a lot of people use it all over the world for various reasons. The most popular use is for speculation. The currency has seen some massive price increases over the last year. But the most important application for it is for remittances, particularly in Africa.  Bitcoin is one of the first payment systems that doesn’t have anyone to tell you that you can’t use it. You can create your own account at home and use it to receive and send money. You don’t have to go and apply for an account. No one will tell you where to send or receive money anywhere in the world.”

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British Somalis dread ban of ‘herbal high’ khat

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“When Britain bans the herbal stimulant khat, Mohamod Ahmed Mohamed will lose his livelihood. But he fears most for his small Somali community without the leaf that fuels its social life.  ‘I can switch to another business but what about the youth, where are they going to go — the street, the mosque, to hard drugs?’ he says at his khat warehouse near London’s Heathrow airport.  ‘You are taking away their freedom. Why target us? You will never find somebody falling over on the street or fighting from khat like they do when they are drunk.’ Mohamed supplies khat to many of Britain’s 100,000 Somalis, Ethiopians and Yemenis, for whom chewing the bushy shrub is as normal as going to the pub.”

http://www.rawstory.com/rs/2013/09/06/british-somalis-dread-ban-of-herbal-high-khat/

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Competing currencies saved Zimbabwe from hyperinflationary collapse

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“‘At first covertly, then in openness, and finally with the consent of the government,’ Mr. Noko writes, ‘foreign currencies – the rand, the euro, the pound, the U.S. dollar, the [Zambian]kwacha – replaced Zimbabwe’s dollar.’ Precisely as Mr. Hayek had imagined, Zimbabwe’s inflationary spiral ended. Within weeks, the country’s economy showed dramatic improvement. Businesses began to open. Banks began to function. Unemployment began to fall. GDP began to rise. Private credit began to increase. Foreign investment began to return. The human exodus ended. Thiers’ Law, the opposite principle of Gresham’s Law, does work: Good money, freely circulated, drives out bad.”

http://www.theglobeandmail.com/report-on-business/rob-commentary/a-choice-of-currency-leads-to-a-choice-for-security/article627109/

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Kenya: Are Bitcoins the Future of Mobile Money?

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“Ever since Safaricom, Kenya’s largest mobile-network operator, launched the mobile-payment system M-Pesa in 2007, some two-thirds of Kenya’s adult population have subscribed, and an astonishing 31% of the country’s GDP is now spent through mobile phones. Kenya has been at the forefront of popular technological innovation for the past 5 years, and now there are indications that the country could usher in a new era of mobile banking. On 1 July, a company called Kipochi launched a new ‘digital wallet’ service that allows Kenyans to not only send and receive money domestically but, using the online peer-to-peer currency Bitcoins, transfer it internationally.”

http://thinkafricapress.com/kenya/mobile-money-kenya-continues-spearhead-mobile-payment-revolution

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Zambian Economist Blasts Bill Gates After He Calls Her Book ‘Evil’

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Zambian Economist Blasts Bill Gates After He Calls Her Book ‘Evil’

“I wrote Dead Aid to contribute to a useful debate on why, over many decades, multi billions of dollars of aid has consistently failed to deliver sustainable economic growth and meaningfully reduce poverty. I also sought to explicitly explain how decades of government to government aid actually undermined economic growth and contributed to worsening living conditions across Africa. More than this, I clearly detailed better ways for African leaders, and governments across the world, to finance economic development. I have been under the impression that Mr. Gates and I want the same thing – for the livelihood of Africans to be meaningfully improved in a sustainable way.”

http://www.economicpolicyjournal.com/2013/05/zambian-economist-blasts-bill-gates.html

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Petting & Walking With Cheetahs in Africa at Mukuni Big 5 Safaris

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Petting & Walking With Cheetahs in Africa at Mukuni Big 5 Safaris

“When I first arrived in Zambia and a visit to the Devil’s Pool was unavailable, I immediately wanted to find out about interacting with cheetahs. The well mannered management at JollyBoys Backpackers Lodge in Zambia prompted a visit to the Mukuni Big 5 Safari Park.  It wasn’t just walking with a cheetah they offer.  It was also walking with lions and elephants as well.  The company is on a mission to actively support the dying cheetah population. They have announced a captive breeding program to ensure that the population of cheetahs in the wild continues to grow.  After raising the cubs they are released into the wild.”

http://wanderingtrader.com/travel-blog/zambia-travel-blog/petting-walking-cheetahs-in-africa/

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A Huge Gold Prediction… From Reality TV

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“Two American yahoos, while trying to secure a mining claim, found thousands of Chinese nationals are overtaking many of the mining concessions in Ghana. It’s illegal, but no one was stopping the brute force of the Chinese. As one local tribesman admitted, the Chinese ‘have guns’ and aren’t easy to move from a claim.  If you’re tuned in to the show as a gold watcher, you know there’s a lot more to this story.  For starters, what the heck are thousands of Chinese nationals crawling around Ghana’s gold fields for? They’ve got man power… they’ve got materials… they’ve got dogs… they’ve got guns… and, holy cow, now they’ve got Ghana’s gold!”

http://dailyresourcehunter.com/a-huge-gold-prediction-from-reality-tv/

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Kenya to Introduce Exchange-Traded Funds, Market Regulator Says

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“The Nairobi Securities Exchange (NSEASI), Africa’s third-best performing bourse this year, will begin offering exchange-traded funds, the Capital Markets Authority said. The funds will be offered ‘in an effort to increase the scope of capital market products available in Kenya,’ the Nairobi-based regulator said in an e-mailed statement today. The NSE All-Share Index rallied 23 percent this year. Ghana, Africa’s best performer, gained 47 percent. The Kenyan funds will target individual investors seeking an affordable way to buy into a diverse number of assets, Paul Muthaura, acting chief executive officer of the regulator, said in the statement.”

http://www.bloomberg.com/news/2013-07-08/kenya-to-introduce-exchange-traded-funds-market-regulator-says.html

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TEDxMogadishu 2013 Theme: Rediscover

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TEDxMogadishu 2013 Theme: Rediscover

“2012 saw the rebirth of Mogadishu and the first ever TEDx event in Somalia. In 2013, we will reflect on the past, present and future, exploring the ideas, innovations and traditions that once built and will again rebuild this country. Peace has continued to take hold, children are playing in the streets, and the beaches are filled with weekend swimmers. A parliament has been formed, constitution approved, and a new cabinet of ministers is leading Somalia back onto the international stage. Every day that goes by is a historic day, and TEDxMogadishu will highlight the incredible voices that have fought against all odds to make this possible. It is time to rediscover Somalia.”

http://tedxmogadishu.com/

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Mogadishu: East Africa’s newest business destination?

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“Lino Carcoforo, an Italian-Somali entrepreneur behind Innovation for Africa, an early stage investment fund focused on mobile phone based technology startups in east Africa, marvels at the enterprising spirit of the Somali people. The Somali populated Eastleigh area in Nairobi has become the commercial hub of Kenya’s capital. Somali entrepreneurs are credited for the transformation of the residential area to a mini-city nicknamed Mogadishu ndogo (Swahili for ‘small Mogadishu’).  He points out that while other countries have been successful in mobile money transfer, Somalia is a step ahead with mobile payments for purchases of services and goods.”

http://www.howwemadeitinafrica.com/mogadishu-east-africas-newest-business-destination/17661/

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