The Hustler’s Digest – MTN: From a Telco to a Banker

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The Hustler's Digest - MTN: From a Telco to a Banker

“Today’s Quote”

“Remember your dreams and fight for them. You must know what you want from life. There is just one thing that makes your dream become impossible: the fear of failure.”

Paulo Coelho

Africa

Google’s found favor in Mzamo Masito

Before now, Mzamo Masito held a senior position at Vodacom. Google soon went in search of a new Chief Marketing Officer for its Sub-Sahara African branch, and Mzamo Masito seemed to fit. Besides having an MBA and serving on the GIBS advisory board, Masito previously held senior positions at Nike and Unilever.

Masito expressed his dire hard interest in working for a company that is so committed to changing lives in Africa. Joining the tech juggernaut on January 8, 2018, Mzamo Masito will be leading the SSA marketing team. His aim will include helping people take advantage of the opportunities the Internet offers.

MTN wants to bank all of Africa’s money

South African-based telecoms giant MTN, just made a startling revelation to the rest of Africa. During the Deloitte Africa in 2018 Outlook conference in Woodmead, the telco’s CEO Rob Shuter, told the world that MTN — Africa’s biggest mobile operator is gunning to become Africa’s biggest bank. This ambitious business strategy was triggered by the progress made by its Mobile Money offering in other geographies that it operates in.

In 2016, the telco giant silenced its Mobile Money services in South Africa after it failed to gain traction in the South African market. According to Shuter, however, MTN wants to build Mobile Money into a 60-million customer business in the next three to four years.

“We will be the largest bank in Africa, leveraging scale, network, brand, infrastructure, and distribution.” Till date, MTN has deployed its Mobile Money services to 14 markets across Africa.

From the Pitch to the Throne: George Weah inaugurated as Liberia’s President

Former Ballon d’Or Winner, George Opong Weah, has finally been sworn in as the new President of the Republic of Liberia. Weah was inaugurated on Monday, 22nd January 2018 in the capital, Monrovia. The occasion marked the first peaceful transition of power in Liberia since 1944.

Football history describes George Weah as one of the best soccer players throughout the 90s. This was when he played for Monaco, PSG, and AC Milan. He won the Ballon d’Or in 1995 and also won the African Footballer of the Year award three times, among victories. He remains the first and only African player to have won the Ballon d’Or and FIFA World Player of the Year.

George Weah’s rise to the Presidential throne is a powerful political motivator for any politically aspiring individual. Having been mocked by his opponents for being an uneducated candidate during his first presidential attempt, Weah, took it as a challenge to acquire a Bachelor and Master’s degree before returning to the presidential race.

Cameroon

A leaked code just cost Orange a billion FCFA

Orange Cameroun suffered a “fault computer” on January 21, 2018.  This was as a result of a leaked subscription code that allowed customers to freely subscribe to a 100GB data package, which normally costs FCFA 25.000. This code leaked on social networks which resulted in a general rush as it spread. After the code had been invalidated by midnight, it was discovered thousands of clients had subscribed repeatedly, illegally granting some up to hundreds of GB.

This caused Orange to lose about a billion FCFA. In retaliation, the operator proceeded to the withdrawal of all illegally obtained packages through the code. As a result, an internal investigation was opened to determine the origin of the problem. That’s to find out whether it was a computer malfunction or not.

BEAC’s market receives an issuance

After the issuance on January 17, 2018, in which the country raised more than 300% of its initial target for a reasonable 3% interest rate, Cameroon resolved to raise FCFA 5 billion by issuing fungible treasury bonds to resolve its temporary treasury difficulties.

Before this, according to the 2018 finance law, Cameroon intends raising only FCFA 260 billion on BEAC’S security market in the present year as against FCFA 300 billion raised in 2017.

Cameroon government dragged to Court over internet shutdown in Anglophone regions

Access Now and Internet Sans Frontières (ISF), are two international NGOs that have sued the government of Cameroon before the country’s top court, over the internet blackout imposed on the restive Anglophone regions. The two net freedom groups, through the January 19, lawsuit are “challenging a government-ordered” internet shutdown last year in the North West and South West Regions.

Access Now and Internet Sans Frontieres are US-based and Paris-based NGOs, respectively. They have come under the banner of #KeepItOn coalition and have been documenting the cost of internet shutdowns. Their lawsuit against the Cameroon government comes to add to two earlier court actions instituted in April 2017 seeking to have judicial pronouncements on the shutdown.

The executive even controls and regulates the Cameroon judiciary. Can the Anglophone regions get justice on this matter considering the present political imbroglio?

World

Apple wants to digitize your medical records

Apple released the first beta version of iOS 11.3 on Wednesday. This update brought with it a new health effort that will collect users’ medical records all in one place and provide them direct access. You’ll be seeing a new Health Records menu in the Health Data section of Apple’s health app. This new section will let you gather and view all your medical records. The company has begun partnering with hospitals and clinics to push through this effort.

According to Apple, you’ll be able to add CDA (Clinical Document Architecture) files to this menu. Though some hospitals are already probably sending you those files, Apple just wants to automate the process.

What this means is, those hospitals and clinics will now be able to push this data directly to your iPhone. You’ll receive a notification alerting you that you just received a new medical record. Plus, your passcode will encrypt all this data on your phone.

While the new version of iOS is going to remain in beta testing for a couple of months, it should be available as a free download to all iPhone users pretty soon.

Facebook acquires biometric ID verification startup

Facebook has made its big leap once more by announcing that it will buy a software firm that specializes in authenticating government-issued identification cards. Confirm.io builds tools that allow others to quickly and easily identify government-issued identification so that companies can ensure users are who they say they are.

The social giant could potentially use this technology to have people confirm their identities if they’re locked out of their accounts after being hacked or losing their passwords. Confirm.io had raised at least $4 million from investors, including Cava Capital, since launching three years ago.

In September, Facebook began testing a feature that lets you unlock your account using a selfie. And since at least 2013, Facebook has allowed users to mail a copy of their photo ID or other identity verification materials in order to regain access to their accounts. One day, perhaps, Facebook could even serve as your ID card in some situations.

US-Russia ties worsen as Trump woos China  

During the build-up to the last US presidential election, candidate Trump said Putin had declared him a “genius,” and that it would be better “if we got along.” On the other hand, Trump saw China as a currency manipulator, a thief of US jobs that should no longer be allowed to “rape our country.” He even promised sanctions and legal action against Beijing if elected.

However, developing events between Russia and the US are proving that wielding power as opposed to criticizing it, can change your outlook. Trump recently declared that “we’re not getting along with Russia at all, we may be at an all-time low.” On the contrary, his administration is in “a very good chemistry’ with Chinese President Xi Jinping.

According to CNN, President Trump’s policy reversal on Russia and China is part of a series of policy flip-flops that have seen him abandon his campaign promises notably on NATO, Israel, the Iran nuclear agreement and US alliances in Asia.

Silicon Times

Events

  • Attend the Yaoundé Blockchain Bootcamp Blockchain Training, Bitcoin on January 27, 2018, from 4:30 PM – 6:30 PM WAT by Instructor-Led Online, Video Conference Yaoundé
  • Net Impact Climate Drawdown is an event not to miss out coming up on January 31, 2018, from 10 AM – 12:30 PM WAT at FOTABE University Bomaka, Buea
  • Be at the AIESEC Cameroon Exchanges Exhibition on January 27, 2018, from 5 PM – 7 PM WAT at ActivSpaces Boulevard de la Liberté Immeuble TECNO Douala, Littoral
  • On January 27, 2018, Techpoint built will be hosting its biggest event from 8AM-5PM at Landmark Event Center, plot 2 and 3, Water Corporation Road, Victoria Island Annex, Eti-Osa, Oniru
  • Create time for the Make-IT Meet-Up: SAP Startup Focus (Lagos) on January 31, 2018, from 5 PM – 7:30 PM WAT at Seedspace 23 Agodogba Avenue Parkview Estate Ikoyi, Lagos Nigeria
  • Participate at the MEST Lagos Masterclass, Beyond Product-Market Fit, Abundance Thinking on January 30, 2018, from 5:30 PM – 8:00 PM WAT at MEST Incubator Lagos 19b Adeyemi Lawson Road, Ikoyi Lagos Lagos, LA 101233 Nigeria
  • Follow the Annapolis Blockchain Bootcamp, Blockchain Training on January 29, 2018, from 9 PM – 11 PM EST by Instructor-Led Online, Video Conference Annapolis, MD United States
  • Do not miss the Mind & Body Skills Intensive Workshop on January 27, 2018, from 9 AM – 4 PM at CST Decide Your Legacy 544 S, Ridge Road Ct.Suite 106 Wichita, KS 67209 United States

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Featured Articles

Partech Ventures Vows To Revive Francophone Africa’s Dying Startups

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Partech Ventures launches Partech Africa

For decades, there has been widespread media stories of unfolding African digital revolutions, especially with the wonders of the Silicon Savannah. Yet, Francophone Africa has been a significantly under-tapped market for tech startup investors for decades. However, Partech Ventures, a Silicon Valley-based venture capital (VC) firm recently launched Partech Africa, an Africa-focused fund to provide early-stage funding to promising startups and founders in the continent.

The fund has raised $70 million of its $100 million target, making it one of the largest Africa-focused funds.

Recent initiatives in the nascent tech hubs in Africa’s francophone countries now suggest that times may be changing.

This new fund promises to spread its operations beyond Kenya, South Africa, Nigeria, and Ghana – the continent’s leading startup ecosystems. “We think the impact of a local VC should also be to widen the scope and look at other markets that people know less of,” says Tidjane Dème, general partner at Partech Africa.

Media Tweets Partech Ventures launches Partech Africa

In effect, this will encompass Francophone African countries like Côte d’Ivoire, Senegal, and Cameroon. This region which has over 120 million people, includes some of the world’s fastest-growing economies led by Côte d’Ivoire and Senegal. Yet, it’s a different story for its tech ecosystem.

Africa's fastest-growing economies - Partech Africa

Between 2010 and 2016, Anglophone East Africa struck 167 private equity deals in (Kenya, Ethiopia, Tanzania, Rwanda, and Uganda). During the same period, however, Francophone West Africa recorded just a third of that. More than 30% of that number went to Côte d’Ivoire while investment for tech startups has become even more scarce.

2016 funding raised by African startups - Partech Africa

There’s still a huge gap in funding destinations for African startups

However, Partech Ventures aims to fill one of the region’s biggest gap — the lack of early-stage funding. Over the years, this void has been filled by local hubs on the continent. As such, Partech Africa will provide funding between $600,000 and $6 million to these startups.

Media Tweets Partech Ventures launches Partech Africaa

As a means of fostering its support for these “choking” startup ecosystems, Partech Africa has headquartered itself in Dakar, Senegal. The firm also anticipates building its presence in other African economies with the aim of understanding the local markets.

“We’re making sure our investment team is based in Africa and lives and works in the same context as these startups and can really understand where they’re coming from and the product they’re building,” Dème says.

The #1 reason why you don’t attract investors

There is no single reason that accounts for the relatively low level of tech entrepreneurship in Francophone Africa. However, it is clear that francophone entrepreneurs are even more constraint by the lack of funding than their anglophone cousins. Most tech investors are English-speaking who are more reluctant to invest in francophone African startups due to language barriers.

Indeed, francophone Africa is virtually devoid of venture capital and angel investors required to truly kickstart their startups. This is a treasure anglophone countries have relatively greater access to.

These notwithstanding, venture capital funding raised by African startups reached $367 million in 2016, representing a 33% year-over-year growth. In fact, fundraising by African startups has grown by an explosive 8 times over the past four years.

The Pan-African VC firm is, however, not going solo on this mission to reanimate francophone Sub-Saharan Africa’s dormant tech scene. Many African VC initiatives have emerged and are raising significant funds to support local African tech startups. Most noticeable is CRE Venture Capital, an African VC firm that led the $40 million Series C round of Andela last October.

Meanwhile, Partech’s research revealed that African startups raised $366 million in 2016 – a $90 million increase from the previous year.

With the right timing, skill, and luck, a francophone African “unicorn” may yet emerge, triggering a virtuous cycle of private investment and entrepreneurship into this region’s technovation sectors. And while tech entrepreneurship might not, as a sector, contribute significantly to francophone Africa’s economic development, it still has the potential to yield indigenous innovations that could improve the quality of life of many on the subcontinent, and beyond.

 

UNICEF and Blockchain Funding: What Correlation?

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UNICEF and Blockchain Technology Funding: What Correlation?

The United Nations Children’s Emergency Fund (UNICEF) says it wants to invest in early-stage blockchain startups. This sounds strange, and is already raising questions as to the relationship between UNICEF and cryptocurrency. UNICEF is a UN agency with a mandate to advocate for the protection of children’s rights.

UNICEF’s Mission

It basically aims at helping children meet their basic needs and expand their opportunities to reach their full potential. It is guided by the Convention on the Rights of the Child.

UNICEF and Blockchain Technology Funding: What Correlation?

The United Nations Convention on the Rights of the Child (commonly abbreviated as the CRC, CROC, or UNCRC) is a human rights treaty which sets out the civil, political, economic, social, health and cultural rights of children. The Convention defines a child as any human being under the age of eighteen, unless the age of majority is attained earlier under a state’s own domestic legislation.

On this basis, UNICEF strives to establish children’s rights and international standards of behaviour towards children. From its mission statement, one may think that UNICEF is mainly focused on social works. That is, embarking on humanitarian activities towards the enhancement and protection of the rights and social wellbeing of children.

UNICEF and Blockchain Technology Funding: What Correlation?

Central Africa Republic, Children’s Crisis 2015: Children at a UNICEF-supported peace forum – coutesy, UNICEF

Nevertheless, we live in the era of sustainable development drive, where UNICEF is a contributing agency. It thus, also has the responsibility to support children’s full participation in socio-political, and economic development of their communities. In other words, UNICEF works with all necessary partners towards the attainment of the sustainable human development goals. It should not be surprising therefore, when the agency starts showing interest in funding Blockchain Startups.

UNICEF and Blockchain Technology Funding: What Correlation?

Sustainable Development Goals (SDGs)

Why is UNICEF investing in Blockchain?

Some people argue that the non-profit arm of the UN developed sudden interest in blockchain technology following unprecedented hikes in the value of Bitcoin. They believe that UNICEF has forecasted a bountiful future harvest, should they invest in blockchain technology.

UNICEF insists that the protection and survival of children are universal development imperatives that are integral to human progress. Consequently, investing in early-stage blockchain startups only aims to promote initiatives that have the potential to help children across the globe.

In an announcement on January 16, 2018, UNICEF revealed that it was offering equity-free investments of $50,000 – $90,000 to seed-stage startups developing solutions in open blockchains. This should be in areas including smart contracts, tokens, mining and data analysis.

UNICEF and Blockchain Technology Funding: What Correlation?

Online Aplication directive for Unicef blochain technology funding

This investment initiative is led by the UNICEF Innovation Fund. It’s a cutting-edge move, with the raison d’être of supporting blockchain technology for humanitarian causes.

Added to the equity-free seed funding, will be the offering of technical assistance from the UNICEF Ventures team to selected projects. This will aid in validating and advancing their solutions. Furthermore, the beneficiary startups will also benefit from UNICEF Ventures’ data sharing platforms, as well as mentors to enhance their business models and strategies.

UNICEF’s investment and the future of Blockchain

Worthy of note is that UNICEF invested in a South African blockchain startup in 2016, towards a technology innovation push. So, this move shouldn’t come as a surprise. Chris Fabian, head of UNICEF’s Innovation Ventures, noted that the move marked the beginning of a broader push to find and fund new companies.

UNICEF and Blockchain Technology Funding: What Correlation?

On left wearing a green shirt, Chris Fabian, Co-Lead of UNICEFÕs Innovation Unit talks with (second right) UNICEF Executive Director Anthony Lake and UNICEF UK Executive Director David Bull at the launch of UNICEF’s Global Innovation Centre and Innovation Fund.

UNICEF’s involement in the funding of blockchain technology startups further proves the increasing global popularity of cryptocurrency. It also strengthens the conviction that there is a very bright future for digital technology. This implies that central operation tasks will largely be carried out using blockchain technology. This is particularly true with bitcoin blockchain and other distributed ledgers.

How FinTech Startups Sucked up Africa’s Funding in 2017

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FinTech venture funding in Africa

Just a decade ago, mobile phones propelled Africa into the tech ecosystem, especially with the arrival of mobile money. The untainted success of mobile money technologies in Africa is most likely responsible for the increasing presence of mobile networks in Africa’s FinTech industry. In a region where just 17% of people have bank accounts, the FinTech sector was responsible for a third of venture funding raised by African startups in 2017.

According to a report from Disrupt Africa, venture capital funding for African startups increased by 51% in 2016 to record a $195 million investment last year. Africa’s FinTech sector has benefited largely from these funding investments more than any other tech sector on the continent. In fact, African FinTech was the biggest attraction for investors in 2017, with 45 startups raising one-third of total funding in Africa’s techsphere.

Africa’s “Big Three”

2018 may witness new players coming into the funding space. But countries like Nigeria, South Africa, and Kenya have remained top among economies that raised the highest amount of funding, consistent with their record from previous years.

Away from the big three countries, investors also gambled on Ghanaian and Egyptian startups. Investors have also shown a profound interest in Somalia-based startups while a funding momentum is gradually picking up in Uganda, Tunisia, and Morocco.

Fintech venture capital funding in Africa-2017

Photo Credit: Quartz Africa. Funding momentum mounts towards more African countries

Despite South African startups raising most funding in 2017, Nigeria’s funding still managed to surpass South Africa’s. Nigerian coding school, Andela raised a hefty $40 million – almost equivalent to what all Nigerian startups jointly raised in 2018.

Though Africa’s entry into the digital economy was late, it also happened to be an opportunity in disguise. Africa’s population is growing and many Africans are consistently relying on technology to solve its growing array of problems. The continent is therefore poised to become the world’s first truly digital-first region. Thus, many foreign investors are scrambling to be part of Africa’s growth story.

Stats don’t lie

Between 2015 and 2017, African FinTech startups collectively raised more than $ 100 million in venture funding, including big names like Flutterwave and Paystack.

Until recently, two investment giants have partnered to invest in African startups with a particular interest in the FinTech sector. This recent partnership proves that Africa’s FinTech sector will continue to gulp the highest amount of funding from international VCs.

However, agri-tech and e-commerce startups also attracted global investors to Africa in 2017. E-commerce startups, for instance, saw venture funding quadruple to $ 16.7 million.

Africa’s FinTech sector gulped the largest share of venture funding in 2017. But a plethora of new players is sure to emerge this year. In fact, Africa in 2018 is likely to eclipse record-breaking growth and be driven by more post-seed capital.

 

The Hustler’s Digest – Why is UNICEF Suddenly into Blockchain?

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blockchain-unicef

“Today’s Quote”

“Since the world has existed, there has been injustice. But it is one world, the more so as it becomes smaller, more accessible. There is just no question that there is more obligation that those who have should give to those who have nothing.”

Audrey Hepburn, UNICEF Goodwill Ambassador

Africa

Airbnb is writing a $100.000 check to Trump’s ‘shithole’ countries

In a comment last week, US President Donald Trump reportedly referred to some African countries as ‘shithole’ countries. Responding to Trump’s comments, vacation-rental platform Airbnb said it will spend at least $100,000 on digital ads promoting listings in Haiti, El Salvador and Africa – the ‘shitholes’.

However, Trump has since denied he made the derogatory remarks. Nonetheless, an Airbnb spokesperson confirmed the launch of “a six-figure digital ad buy” promoting listings in Central America and Africa. According to the rental firm, Haiti, El Salvador, and Africa are home to more than 116,000 Airbnb listings, earning a total of US$170 million in 2017 alone.

Airbnb is no stranger to voicing its support when it comes to immigration and travel. Amid word of Trump’s travel ban in January last year, the accommodations platform pledged to provide free housing to refugees and anyone recently barred from entering the US.

Itanna will stop African startups from seeking Silicon Valley Funding

When two giants combine efforts, the result is usually enormous. Such is the case for the African Economic Revolution Fund (AERF) and renowned Nigerian conglomerate, Honeywell Group. Both have partnered to invest in African startups through the creation of Itanna.

Itanna intends to ignite Africa through their equity-based investments, starting with Nigeria. Both firms have always had a particular interest in tech innovations in Africa. Knowing the group’s objectives, Honeywell reached out to AERF last year to signal that the time for action was ripe.

For this partnership to work, Itanna will provide capital for African startups while mentorship and expertise will come from both sides. According to the partnership, Honeywell Group will bring in-depth knowledge of the Nigerian startup market. Meanwhile, AERF will bring in knowledge around raising capital.

Did African migrants learn any lesson from the Libyan slave trade story?

Italian coastguards on Tuesday rescued some 1,400 migrants from overcrowded boats off the coast of Libya. However, two dead bodies were also recovered in the exercise. The eleven rescue operation was carried out with the support of the finance police, the European Union anti-smuggling operation, among others.

This exercise is coming just two months after the unveiling of a 21st-century slave trade web in Libya. Young African migrants who illegally entered Europe through the Sahara Desert and the sea had ended up in slave markets and camps in Libya.

Some African governments like Nigeria are making efforts to rescue some of their citizens held in these illegal migrant and slave camps in Libya. Regrettably, more youths are still making efforts to embark on this deadly mission. Haven’t they learned any lesson?

Cameroon

Business model of state-run SME bank will be modified

IMF envisages to restructure the public SME Bank which has been operating in the country for 3yrs only. IMF explains that access to finance remains difficult to achieve for SMEs particularly. Also, the Bretton Woods institution added that Cameroon will also support the reinforcement of credit risk assessments by further implementing a regional financial information database.

The government plans to recapitalize SME Bank at CFA 27.5billion. In June 2017, the bank indicated it has granted CFA 11,5 billion of loans and nearly CFA 40 billion flexible guarantee bonds to 1,600 individuals. However, the loans were not as profitable as expected.

Mobile operator services in Cameroon is still an ultimate problem

Using mobile networks in Cameroon is a real mess. The main operators singled out by subscribers are MTN Cameroon and Orange Cameroon. Recently, disgruntled users have pointed fingers at Nexttel and Camtel. The biggest annoyance is that the customer service of the operators is not responsive to solving the problems.

Complaints from users have reached the regulator who has also carried out tests and the result confirm the various claims of subscribers. The DG of ART (Telecommunication Regulatory Agency) Philemon Zo’o Zame holds the measurements made on the platforms show a high rate of call failures, frequent communications cuts, as well as a deterioration of the hearing quality.

Will Cameroun still be Host for the 2019 African Cup of Nations?

A 10-man team from the Confederation of African Football (CAF) shall provide an answer at the end of their 12-day inspection visit to Cameroun. The inspection team officially began work on January 12, 2018, and will culminate on January 23, 2018.

The main assignment of the CAF delegation is to assess the country’s progress as it prepares to host the 2019 African Cup of Nations. At the end of the inspection exercise, they will then submit a report to CAF, on the level of preparedness of the country and a way forward.

The delegation is inspecting facilities such as stadiums and hotels in host cities, towards the successful organization of the 32nd edition of the biennial tournament scheduled for June and July 2019.

World

UNICEF suddenly wants to fund early-stage Blockchain startups

The international organization in charge of advocating for children’s rights – UNICEF, seems to have taken a keen interest in cryptocurrency technology. In an announcement on Wednesday, the United Nations International Children’s Emergency Fund (UNICEF), said it will offer equity-free investments of $50,000 – 90,000 to seed-stage startups developing solutions on open blockchains in areas including smart contracts, tokens, mining and data analysis.

According to UNICEF, “We are interested in companies that use distributed ledger tech in new, groundbreaking ways that are scalable, and globally applicable.” The initiative, led by the UNICEF Innovation Fund, is the latest move by the non-profit’s venture arm in supporting the application of blockchain technology for humanitarian causes.

Though UNICEF previously invested in a South African Blockchain startup in 2016, the recent buzz in Bitcoin might have been a secondary propeller for this sudden interest. On a second thought, this may just be another way for the “inter-non-profit” to help children across the globe.

Apple – 22 attorneys general revisit Net Neutrality with contrasting views

In 2015, the Obama administration had put forth net neutrality rules to prevent big telecom companies from messing with our connections. But last month, the FCC gave these telcos the right to control our internet traffic — all of it. According to the FCC, consumer outrage will prevent companies from violating net neutrality.The repeal meant the end of internet freedom as we know it. It went down well with only a few.

Until recently, attorneys of 22 U.S states decided to fight back by filing a lawsuit against the agency in charge of regulating interstate communications in the U.S. But Apple thinks this lawsuit is absurd.

Among those disgruntled with the FCC’s decision, was a University Professor. So, he set out to change things by creating an app that will detect net neutrality violations. But Apple banned the app from the App Store, preventing users from accessing the info they need to at least, know when they’re getting screwed over. And no one is quite sure why.

India test-fires nuclear-capable inter-continental ballistic missiles

India successfully test-fired a long-range intercontinental ballistic missile (ICBM), the country’s Defense Ministry reported. The nuclear-capable Agni-V is said to be the country’s most modernized ICBM. According to government tweet, India fired the ICBM, Thursday morning from Abdul Kalam Island.

The test has been described as a “major boost” to India’s defense capabilities. The Federation of American Scientists believes the country now has around 120 to 130 nuclear warheads in its arsenal.

India’s ICBM test is incremental from a technological perspective. But it could have serious geopolitical corollaries, especially in her relations with China. Recently, relations between Beijing and New Delhi have been strained following a protracted border dispute in late 2017 over the Himalayan region of Doklam.

Silicon Times

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Featured Articles

Africans are Increasingly Accepting Cryptocurrency

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Growing Acceptability of Cryptocurrency in Africa and the Future of Actual Currency

The financial or banking services industry has been at the forefront when it comes to digital technology. Africa has certainly not been left out of this digitization. From automation and electronic user devices such as ATMs to online banking and electronic payments, the sector has stayed ahead of the digital curve, benefitting consumers and corporates alike. The birth of cryptocurrency becomes the latest digital development this day.

Under the banking system, money travels from one person, goes through the bank before reaching the recipient. The bank here acts as a central mediator and charges a service fee for the customer, while also creating a record of the transaction. Just a few years behind, the bank was solely responsible for keeping these records, which show proof of any transaction. This is called the ledger system.

It often takes days to complete the process of verifying the information. The financial implication is that banks are able to dictate the cost of these transactions.

However, the introduction of the cryptocurrency – Bitcoins and blockchain, and its increasing acceptance within the digital community in the contemporary world, poses a threat to old-school currency – cash. As a virtual currency, Bitcoin is challenging governments, circumventing banks and threatening to blow actual currency out of use, especially within the digital community.

Bill Gates and former US vice-president Al Gore, made the following respective comments in support of the bitcoin buzz;

“Bitcoin is better than currency in that you don’t have to be physically in the same place and of course for large transactions, currency can get pretty inconvenient.”

Growing Acceptability of Cryptocurrency in Africa and the Future of Actual Currency

Bill Gates

“I think the fact that within the bitcoin universe, an algorithm replaces the function of Government is actually pretty cool. I am a big fan of bitcoin.”

GroGrowing Acceptability of Cryptocurrency in Africa and the Future of Actual Currency

Al Gore

In a February 2015 report, over 100,000 merchants and vendors accepted bitcoins as payment. The University of Cambridge, in another study estimated that there were going to be 2.9 to 5.8 million unique persons using a cryptocurrency wallet in 2017, with most of them using bitcoins.

There are increasing indicators of the acceptance of cryptocurrency in Africa, especially the sub-Saharan Africa. This is seen from the rise of digital financial companies or consultancies engaging in the trade of bitcoins. It is therefore not surprising that the year 2017 witnessed an increase in the popularity and use of bitcoins within the African digital financial community, as discussed below.

What is Bitcoin?

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized form of digital currency. The payment system works without a reserve bank or a financial administrator to regulate its transactions. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

Growing Acceptability of Cryptocurrency in Africa and the Future of Actual Currency

Close up image of numerous gold-plated bitcoins together symbolizing the bitcoin market, modern technology, finance, internet, trading, etc.

How does it work?

The system is peer-to-peer and transactions take place directly between users without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain.

Unlike the traditional banking system, blockchain short-circuits the ledger system in the blink of an eye by decentralizing it. In 2008, the initiators of bitcoins suggested that instead of carrying out a transaction in one single computer server at the bank, a transaction could be stored on thousands of computers around the world at the same time – rent-a-crowd worldwide.

Growing Acceptability of Cryptocurrency in Africa and the Future of Actual Currency

Blockchain short-circuits the ledger system in the blink of an eye, by decentralizing it

The first Bitcoin specification and proof of concept was published in 2009 under the pseudonym Satoshi Nakamoto, who revealed very little about himself. He nevertheless, left the project in late 2010, and the Bitcoin community has since grown exponentially.

Cryptocurrency in Africa

The story of Bitcoins and blockchain is gradually becoming very popular in Africa and consequently, a lucrative gold mine too. From inception, transactions in bitcoin weren’t popular among the African digital community.

However, those who engaged consistently in it created bitcoin mines for themselves, and have been able to make a fortune from it. Today, South Africa is at the forefront of the Bitcoin business, having established the first office in Africa in 2016, precisely in Johannesburg.

“By investing in a smart new two-story building, credence is given to concrete that is that BitClub Network is a real business that’s invested in Africa and is here to stay” said Gerald, one of the investors in the business.

Growing Acceptability of Cryptocurrency in Africa and the Future of Actual Currency

First Bitcoin Office (Bitclub), Johannesburg, South Africa

In Nigeria, another South African Bitcoin exchange, ICE3X in 2015 launched bitcoin trading in the country for the first time. This opened up a potentially huge market for bitcoin in Africa’s most populous nation. The company formed an exclusive partnership with Nigerian payment processor VoguePay, allowing users to directly buy and sell bitcoins from existing VoguePay wallets, using local currency, the Naira. ICE3X has rolled out merchant services allowing local businesses to accept bitcoin.

Growing Acceptability of Cryptocurrency in Africa and the Future of Actual Currency

The Bitcoin community or business in Nigeria is at its embryonic stage

Talking to CoinDesk, ICE3X (pronounced ‘ice-cubed X’) founder Gareth Grobler, described Nigeria as “virgin territory” for bitcoin, with only a small number of traders and hobbyists involved in it then. But the story is gradually changing as the buying and selling of Bitcoin is taking shape with many exchange companies increasingly becoming involved in the business.

Short video by REMITANO, a Nigerian Exchange firm, explains how to buy and sell bitcoins. 

Bitcoin in Cameroon

The idea of cryptocurrency and particularly bitcoin is relatively new in Cameroon. The word Bitcoin is still a very strange word to many persons, as compared to Nigeria, where it is gaining grounds. Apart from some members of the digital community who had been introduced to it, a good number of persons have just heard of it and are still trying to have a grasp of how it works.

Enstine Muki is one of the very first tech-bloggers in the country to have consistently educated the digital community on cryptocurrencies, particularly Bitcoin. He is popularly known as the “moneymaking blogger” because of his many educative blog publications on how to make money online.

Growing Acceptability of Cryptocurrency in Africa and the Future of Actual Currency

Enstine Muki

Cameroonians who have been introduced to bitcoin for some time now, are already making some progress in the business. One can now buy bitcoin in the country online with Express Union Mobile, MTN Mobile Money, Orange Money, Moneygram, etc. Other digital currencies like Etherium, Dogecoin and more are accepted at trade.cryptoafrica.com.

This means that one can also buy airtime or credit from the mobile telephone companies using bitcoins. That’s how good cryptocurrencies have become in Cameroon.

Growing Acceptability of Cryptocurrency in Africa and the Future of Actual Currency

You can now recharge your phone online in Cameroon using Bitcoins.

Bitcoin Success Story of Shireen Ramjoo

Jay Caboz is an award-winning photojournalist and author at Forbes Africa Magazine who has written on bitcoin. In September 2017, he presented the bitcoins success story of Shireen Ramjoo. Ramjoo is a former communications and marketing employee at a South African bank who has made quite a fortune from Bitcoin.

At the age of 32, she was so interested in Bitcoin to the extent that she left her banking job to start her own consultancy. Today, she is CEO of Liquid Crypto-Money, based in Johannesburg South Africa.

“The first time I heard about Bitcoin, I had to write a press release for Standard Bank. It must have been early 2012. At the time I didn’t understand it, it just went over my head. I thought it was too technical. After I left the industry I wanted to be my own boss. I was looking for an opportunity and came across Bitcoin…” Ramjoo noted.

Growing Acceptability of Cryptocurrency in Africa and the Future of Actual Currency

Shireen Ramjoo is CEO of Liquid Crypto-Money, South Africa

A trailblazing investment

“One year and seven months ago. November 2015. That was the month I started with R3, 500 ($260) and now it’s worth R37, 000 ($2,800). A Bitcoin was $260. Exactly one year later that Bitcoin was $900. It grew over 300%. Today it’s $2,800.”

“We are in an evolution of money here. What people don’t realize is when the internet first started some governments were against it. As more countries started adopting it, more countries got involved. That’s the same phenomenon happening here,” added Ramjoo.

“We keep hearing of [blockchain] from a more technological point of view. Remember the topic of money is social… when you understand that this is actual money that you can use – I can go and buy bread and put petrol in my car – then you start wanting to find out more.”

“You can compare it to when the internet first came and emails. The whole process of us writing a letter, going to the post office, then waiting for the letter to get to the person. When the email came, the postal service became a third party, and not being used as much as we used it before,” argued Ramjoo.

“There is going to be a new generation for banks. We are starting to see it play out in the market – governments starting to issue out their own cryptocurrency. Tunisia was the first country in the world to have its own government-issued digital currency… Some people are old school and will keep their money in the banks. But the bank of the future will not be the same as it is now,” she concluded.

Growing Acceptability of Cryptocurrency in Africa and the Future of Actual Currency

Ramjoo has moved across Africa and beyond explaining the Bitcoin concept to potential investors and her successes in the business.

What the future holds for Bitcoin

The idea of cryptocurrency and particularly Bitcoin and Blockchain is still pretty new in the world’s financial system. In Africa in particular, the concept is at its embryonic stage. It is, therefore, just the beginning of a new system that looks absolutely promising. It may grow to transform the world’s financial system and many will make billions in the process. Many people appear to be ignorant of what’s happening. Nevertheless, those that do, will likely become richer, if and only if they engage in this new digital financial innovation.

The Huster’s Digest – Glo Adds 17 Million Subscribers to its Network

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The Huster's Digest - Glo Adds 17 Million Subscribers to its Network

Africa

9mobile is on sale again. Who’s buying this time?

When creditors took over Etisalat Nigeria in July last year, the company’s new owners rebranded it to ‘9mobile.’ The takeover was as a result of a $1.7 billion debt the firm could not pay. Since then, speculations have continued to mount over who could possibly acquire the telecoms firm.

However, the Nigerian Communication Commission (NCC) has finally approved the deal of selling 9mobile to the grandmasters of data, Globacom Nigeria, with January 16, 2018 set as official handover date.

If this acquisition goes through, Glo will add 9mobile’s 17 million subscribers to its network, making it Nigeria’s largest telecoms giant.

MTN and Ericsson start first 5G tech applications trial in Africa

MTN and Ericsson will start the 5G demonstration in Africa in the first quarter of 2018. The telecoms giant made the announcement at the MTN headquarters in South Africa where it tested a range of 5G use cases and applications.

According to the telecoms giant, this Test Lab proof of concept will lead to a commercial deployment in the near future which is based on commercially available baseband hardware. However, MTN actually achieved a throughput of more than 20Gbps with less than 5ms latency, which is the highest achieved on a mobile network in Africa.

Attempted Coup in Equatorial Guinea; Border Closure Hurt Business

President Obiang Nguema’s battle for political survival has set some business persons between Equatorial Guinea and Cameroon on deficit journey. President Obiang, two weeks ago, ordered the closure of the border between the two countries. This was in response to a failed attempted coup against his government, with mercenaries allegedly to have come from Cameroon.

Merchants in Kiossi, a Cameroun border town, say the shutdown is costing them a lot of business. Traders are no longer bringing goods and the town looks deserted. Merchants from both countries are feeling the effect of the closure.

Equatorial Guinea security forces, had some weeks back arrested people on the common  border area in possession of a stockpile of ammunition. According to the security sources, the men planned to destabilize the government of President Theodoro Obiang.

Cameroon

A program designated to incubate startups

The program 237BA-seeds intends to offer mentorship and hands-on sessions for business startup preparation. This program is developing with the help of partners, considering the fact that most young entrepreneurs are at their first experience.

All the parts of the program run from “sourcing”, followed by a selection in the presentation contest that is the trial phase. Votes from the audience and jury will select the project that makes it to the top as a seed.

A mentor is designated, as well as the incubator partner who will host the seed in a specific program, with a duration of 6 months maximum. During this time, a business startup is developed and the project leader is prepared for pitching followed by closing.

Performance of ART reinforced in 2018

The Telecommunication Regulatory Agency held its 40th Board of Directors meeting on December 26, 2017 to examine in detail, the Annual Performance Report as of November 30, 2017 to define the main issues to be prioritized in 2018.

At the end, the Council adopted the ART 2018 Administrative Performance Project with the sum of Forty-nine billion five hundred and eighty million FCFA. The audit recommended training and equipping the technical capacity of ART to better control the market through annual audits.

Arrest of Cameroon separatist leaders in Nigeria, the drama continues

A political drama continues to play with the governments of Cameroon, Nigeria and Anglophone Cameroon separatists, as principal actors. Both Nigeria and Cameroon have remained silent over the arrest of ten Anglophone Cameroon separatist leaders.

Last week, Nigerian security forces allegedly abducted Julius Ayuk-Tabe and other members of his virtual cabinet. According to sources, they were arrested in complicity with Cameroonian authorities. They have since been held incommunicado in an undisclosed location in the Nigerian capital, Abuja.

Supporters of the leaders have taken the war to social media and Nigerian Embassies across the world to protest and call for their immediate release.

World

Tech addiction is everywhere. What is Apple saying about it?

Major shareholders at Apple have spent the last couple of days criticizing Apple for lacking the necessary mechanisms to control smartphone overuse (especially among teens). The World Health Organization recently classified video game addiction as a mental health condition.

As technology gets faster and smarter, more health professionals believe device addiction is going to get worse. Africa should be a watchout destination for smartphone addiction.

Apple might be in the hot seat right now, but the tech juggernaut claims they’re already making parental control tools for their devices even more robust. Regardless, there’s certainly a conflict of interest here for a smart device company like Apple.

Uber and Careem are recruiting their first female drivers

Ride hailing applications in Saudi Arabia are preparing to hire Saudi female chauffeurs. This comes just after authorities announced plans to lift a ban that prevents women from driving or issuing driving licenses in the country. Female customers currently represent 80% of Uber’s Saudi rider base and 70% of business for its Dubai-based counterpart, Careem. However, all drivers currently employed by the two firms are male.

Following the ground-breaking royal decree last September, both companies have been preparing to hire their first female drivers. Meanwhile, Uber’s Chinese rival, Didi Chuxing has advertised online for a range of jobs in Mexico as it prepares to break into the country.

At the news of a shutdown in South Korea, cryptocurrency markets begin tanking

News of a Bitcoin crackdown in South Korea sent the market for digital coins into a tailspin on Thursday morning. That news was on the heels of a report that South Korean authorities were working on a bill to ban cryptocurrency exchanges in the country.

By the time the news hit, Bitcoin was trading down more than 11% at $13.415 a coin. In total, the entire cryptocurrency market was down more than $100 billion from $636 billion. Then, it hit an all-time high of $830 billion earlier this month.

According to Choi Jong-ku, head of South Korea’s Financial Services, “there is growing concern that banks, which should actively act as gatekeepers to prevent the distribution of crime and illegal funds, are aiding and encouraging them.” Bitcoin’s crackdown was imminent.

Donald Trump denies making ‘shithole countries’ comment on immigration

US President Donald Trump, has denied describing certain nations as “shithole countries.” Trump is accused of making the derogatory comment during a meeting on a bipartisan deal on the Deferred Action for Childhood Arrivals program in the US. The President is said to have turned down the deal during the meeting.

Trump had tweeted on Friday that, “The language used by me at the DACA meeting was tough, but this was not the language used. What was really tough was the outlandish proposal made – a big setback for DACA.”

The White House however, did not deny the “shithole” remark but said; Trump “is fighting for permanent solutions that make our country stronger by welcoming those who can contribute to our society, grow our economy and assimilate into our great nation.”

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Gameroon Develops New Afrocentric Video Game Concept

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Cameroon-based Afrocentric Startup Develops New Video Game Concept

We live in a century where technology is gradually defining the development path of every continent. Consequently, young African startups are also beginning to adopt an Afrocentric approach in their tech-innovations. This, of course, is helping to facilitate the integration of African nations into the global technology frenzy.

The Afrocentric approach highlights an African-inspired ideology, conceptualized to defend and promote the African heritage within the context of globalization. Africans now consider anything not indigenous to them be foreign. It often denies or minimizes European, Near Eastern and Asian cultural influences while accepting historical African civilizations that independently accomplish a significant level of cultural and technological development.

In Cameroon, a young startup known as Gameroon, has adopted the Afrocentric approach in the development of video games and mobile applications. What inspires their work is the African culture.

On January 3, 2018, the startup presented its brand new video game concept in the nation’s capital Yaoundé called Mchyso. Mchyso means “game” in Kiswahili. The game is unique in that it doesn’t make use of the conventional gamepad commonly used in playing other games. Rather, Mchyso’s gamers are expected to make use of “Ngueza”, a Kiswahili term for “tool”.

What is Ngueza?

Ngueza is an innovative accessory specifically designed to play Mchyso” says Yannick Sabze, one of the company’s promoters during a press conference to present the product to the public. According to Sabze, a group of young tech engineers from around the world developed Mchyso’s script. They converged in Yaoundé to take part in the eSport Mchyso competition.

The Ngueza accessory consists of a glove with a sensor and a circle with receivers. And during the game, it is necessary to make the glove act on the circle in order to move the elements”, Sabzé noted.

Cameroon-based Afrocentric Startup Develops New Video Game Concept

The Ngueza hand gem

He further notes that the invention is under protection in the United States. This certainly provides the safest protection for gamers.

There are prospects of the startup engaging in in the development of other applications over time, apart from games. However, their priority, for now, is to develop the first prototypes, so that the game is available this 2018.

We hope that this Afrocentric concept will be successful with the support of the African and particularly Cameroon public, especially with the current crusade to promote Made in Cameroon initiatives.

Makonjo Media Supports 2018 Sama Randy Writing Contest – UPDATE!!!

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Makonjo Media Partners with Better Breed Cameroon to Support 2018 Sama Randy Awards

Makonjo Media is thrilled to announce its partnership with Better Breed Cameroon to support the 4th edition of the Sama Randy Youth Write Contest for 2018.

The Sama Randy Youth Write Contest (SRYWC) is an annual essay writing competition organized by the youth-led and youth-focused philanthropic organization, Better Breed Cameroon. Named in memory of pioneer Better Breed Cameroon member Sama Randy, this competition seeks to encourage youth engagement in national discourses.

Makonjo Media Partners with Better Breed Cameroon to Support 2018 Sama Randy Youth Write Contest

Makonjo Media is a Silicon Mountain-based marketing and growth technology firm with processes, tools, and techniques needed to automate and scale customer growth & revenues of businesses in Africa. Known for its expertise in leveraging ICTs to grow businesses, Makonjo Media offers services that range from Web Design, App Development, Digital Advertising, Corporate ICT Training, Online PR and Website Content Writing/Translation Services.

Commenting on the announcement, Otto Akama, Managing Director of Makonjo Media said, “Our partnership with Better Breed Cameroon falls in line with our mission to create and grow a truly digital Africa and we believe that actively taking part in writing competitions like this is one of the ways we can identify and promote talent that is needed to appropriately tell the story of Africa in the digital space.

“We are glad to support this edition of the contest by covering the 1st Prize. We will also be  offering the 1st Prize winner an employment opportunity as a Makonjo Media website content creator, storyteller or any relevant roles in writing.”

This year’s competition challenges participants to ponder and constructively contribute to the discourse on socio-economic and political issues of Cameroon. According to the organizers of the competition, “Essays of any style and various themes are welcome, given that they fall within the 1000 to 1500-word limit and suitably end with the statement, ‘This is what Cameroon needs now.’ ”

Prerequisites

  • Participants must be undergraduate students enrolled in any higher educational institution in Cameroon.
  • All essay entries must be written in English and submitted via email as attachments to Better Breed Cameroon’s email address: betterbreed@gmail.com.
  • The subject of the email should read: Sama Randy Youth Write Contest Submission 2018. Meanwhile, the email body should provide the candidate’s names, contact number, age, degree/diploma program and higher institution to which they belong.

Take-home goodies

Winners of this year’s contest stand to gain one of three cash prizes; 1st, 2nd, and 3rd prizes of FCFA 100.000, 50.000, and 25.000 respectively; plus, a rare opportunity for the 1st Prize winner to work with Makonjo Media.

The deadline for submission which was previously set for the 28th of January 2018, has been extended to February 11, 2018. Meanwhile, winners will be contacted three weeks later and awarded soon after. For more information on the essay contest, please contact Better Breed Cameroon using their email address: betterbreed@gmail.com. Alternatively, you can send them a message on their Facebook Page at Better Breed Cameroon.

The Hustler’s Digest – Rwanda Will Soon Get Into Space

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Africa

Japan will help Rwanda build its first telecom satellite by 2020

The Rwandan government dreams of achieving total telecom autonomy and Japan just promised to make it a reality. Japan says it wants to help build the country’s first telecommunications satellite. This innovation will enable it to connect rural and remote areas of the country to improve the national territory’s observation. Weather control and military communications. This program will install the first Rwandan agency in charge of space sciences and satellites.

UN brings tech innovation lab in Egypt

The United Nations (UN) has opened its African Technology Innovation Lab (UNTIL) in Egypt. Created with the aim of training, hosting and implementing technology innovation solutions that address global challenges. Egypt’s Technology Innovation and Entrepreneurship Center (TIEC) will house this lab.

According to the UN, the Egyptian Lab will try to focus on a number of fields and thematic areas related to the education of People with Disabilities (PwDs). It will also intervene in the prevention of epidemics, medical tourism and waste management. Used for protecting the environment and rationalizing water consumption in agriculture.

Equatorial Guinea: A well-planned coup gone bad

Mr. Obiang came to power some 40 years through a coup in which he ousted and killed his own uncle, Francisco Macias Nguema. The same thing just almost happened to him. Government troops in Equatorial Guinea reputedly shot dead a “mercenary” during clashes on Wednesday near the border with Cameroon.

At least 30 armed men from Chad, Cameroon and the Central African Republic were arrested late last month, according to the BCC. They had rocket launchers, rifles and ammunition just over the Cameroonian border.

The armed men are believed to be hired mercenaries who have an agenda to overthrow the government of President Teodoro Obiang Nguema.

Cameroon

4000 km of optical fiber deployed in Cameroon

According to the Ministry of Posts and Telecommunications, 4000km of additional optical fiber was deployed in the country in 2017 as part of the third phase of the construction of the national fiber optic backbone, which brings the national total lining to 12000 km. This performance sees a breakthrough for creativity at the sub-regional level. This network will also be interconnected with those of CEMAC countries. With these advances, Cameroon intends to set an example, while positioning itself as the sub-regional hub for telecom.

Fermencam destroyed by fire on New Years Day

The company that produces Cameroon’s liquors, Fermencam started the year 2018 in tears. As employees stayed home to enjoy the new year, a raging fire consumed Fermencam’s main warehouses stocked with raw materials. However, the assets controlled by the Cameroonian billionaire Samuel Foyou, caused the spread of flames to the surrounding homes of the plant. It affected nine buildings including a school.

The industry had the potential to position two other companies after it made FCFA 12 billion in 2013. But its all gone.

President Paul Biya Fails to Pacify Anglophone Cameroonians in New Year Message

Cameroon’s Octogenarian has failed to pacify moderate Anglophone Cameroonians in his 2018 message to the nation. As the yearlong political crisis persists in the two English-speaking regions, moderate Cameroonians have consistently advocated frank dialogue for a Federal structure.

Rather, the President in his 31st Dec. 2017 speech boasted that; “During the year just ending, Cameroon confirmed to the world, within a difficult context, the soundness of its institutions, the resilience of its economy and its attachment to national unity.”

He promised to deal with separatist forces in the Anglophone regions and Boko Haram terrorists in the North of the country. Many critics have continued to ask whether the President actually understands the current realities in the country.

World

Spotify just “IPOed”

Sometime in the next few months, it’s expected to hit the stock market. This is why you can now hear words like ‘direct listing.’ Usually, when a company wants to IPO (Initial Public Offering), it hires an investment bank to do things like price its shares and hype the company before its coming-out party. A direct listing means Spotify – which could now be worth around $20 billion, can do it all on its own. It can be less expensive and easier than a traditional IPO.

It’s officially over for Otto

Their prized product is sitting in some warehouse with no one to ship it. Otto is out of money and will perhaps never get to sell you the $700 fingerprint-scanning door lock you never knew you needed, wanted, or cared about. The Digital Smart Lock company shut down and sacked its staff just before Christmas – without ever delivering a product.

According to Otto’s CEO and founder Sam Jadallah, the reason is still not understood. “We had extended our cash to get to the closing date, and now we’re left without alternatives.” Jadallah believes the tech could make some kind of a comeback in the coming weeks. For now, let’s just watch.

USA, a Global Champion of Inequality under Donald Trump

Trump’s administration faces accusations of being a world “…champion of inequality.” The accusation came from a UN Special Rapporteur on poverty, Professor Philip Alston, in a statement on his visit to the U.S.

In that light, the UN expert was particularly shocked by the level of poverty in the state of Alabama: ‘We haven’t seen this in the first world’, he lamented. Many homes in the state are reported not to be connected to public sewage systems and owners can’t afford to install septic tanks.

Hence, many people have resorted to digging ditches and straight piping in order to dispose of wastewater from homes, thereby posing serious health risks. This report could be very strange to many, especially in LDCs who believe that there is no poor man in America.

Silicon Times

Events

  • Space out time to be at Pycon Cameroon. January 24, 2018, from 10 AM – January 28, 2018, 4:30 PM WAT at the Trinity Hotel, Limbe.
  • Be at the AIESEC Cameroon Exchanges Exhibition coming January 27, 2018, 5PM – 7 PM WAT. At ActivSpaces Boulevard de la Liberté Immeuble TECNO Douala.
  • Get ready to be at the Cameroon Entrepreneurship. March 29, 2018, 8 AM – Fri, March 30, 2018, 7 PM WAT at Yaounde Congress Hall Yaounde, Centre.
  • Attend the Lagos Blockchain Bootcamp, Blockchain Training, Bitcoin Training, IT January 9, 2018, 3 AM – April 12, 2018, 5 AM WAT by Instructor-Led Online, Video Conference Lagos, Lagos Nigeria.
  • Create time for the Johannesburg Blockchain Bootcamp, Blockchain Training, Bitcoin Training, January 9, 2018, 4 AM – April 12, 2018, 6 AM SAST by Instructor-Led Online, Video Conference Johannesburg, Johannesburg South Africa.
  • Do not miss the Becker CPA Information Sessions February 9, 2018, 2 PM – 4 PM EST at Marvin Center Washington DC, United States.
  • Writing the New Year: A reflective writing workshop is a session you won’t dare to miss out on January 7, 2018, 1 PM – 3 PM GMT at Old Street London, United Kingdom.

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