Author: Joseph Kangethe

Recently, many Nigerians trading on the Binance platform complained about initiating or completing transactions.

Some of the affected persons have taken to social media calling out crypto for “targeting Africans, especially Nigerians”, as their accounts have been suspended for reasons oblivious to them.

Some users say that they have been told to contact the Federal Bureau of Investigation (FBI) and New York Police Department to resolve transactions issues, a situation they claim to be absurd.…

The programme will facilitate access to the Royal Academy’s global network of experienced, high-profile and business experts, in addition to access to the alumni network upon completion of the programme.

Moreover, 2022 is the programme’s second consecutive year to render a digital experience, with rigorous support provided through person-to-person and group discussions.

Four finalists will pitch their revised and improved innovations and business plans to the judges in the presence of a live audience.…

The recent leaked Pandora papers have shown how African leaders have directed their investments towards other countries and kept the investments a secret to avoid taxation and hide their wealth.

Leaders exposed by the papers include Presidents Denis Sassou-Nguesso of DRC, Uhuru Kenyatta of Kenya, and Patrick Achi of Cote d’Ivoire, among 46 other politicians.

The papers showed that Sassou owned a company that controlled diamond mines. Seven members of the Kenyatta family were linked to at least seven offshore companies and foundations. Through Union Banque Privée (UBP), the Kenyatta’s set up three foundations to avoid inheritance tax and hide their extensive wealth.

The foundations were suspended after failing to pay annual taxes, law firm Algocal says.…

The most extensive data centre operators worldwide are racing to buy and build capacity in Africa.

A data centre is an extensive network of computer servers commonly used by organizations for remote processing, storage, or distribution of large data compilations.

Modor Intelligence expects that the data centre services markets, valued at US$48.90 billion in 2020, will rise to over US$105.6 billion by 2026.…

The biggest challenge for Africa to produce thrilling global entertainment has been for a long time the lack of a realistic budget allocation to the creation, pre-and postproduction, and marketing of content.

However, the year 2022 bears a promise of the global media industry taking African content seriously.

Tony Maroulis, a principal analyst for London-based Ampere Analysis, says more than 1.4 million subscription video-on-demand (SVOD) users in Sub Saharan Africa. He projects the figure will grow to 2.4 million by 2026.…

The CBK has also issued circulars to local commercial banks warning them against dealing with cryptocurrencies transactions or face penalties for non-compliance.

The last circular was issued in 2018 and has remained in action up until now.

While delivering the monetary policy announcement where the monetary policy committee retained the base lending rate at seven per cent for the 12th time, Dr Patrick said that their position had not changed on any of the crypto products in the market.…

According to SOS Children’s Villages, 3.2 million children under the age of five die every year because of hunger and drought in Africa. In other words, more than half the children who die of hunger-related causes come from the continent.

In the same breath, he said that there has also been inconsistency in the flow of funds to UNICEF to support humanitarian response.

UNICEF said more than 255,000 children received treatment for severe wasting in Somalia last year. On Tuesday, January 2022, the International Organization for Migration (IOM) said the widespread drought in the Horn of Africa has severely affected the country the most, forcing the government to declare a state of emergency in November.…

• On average, the continent’s billionaires are worth $4.7 billion now compared to the $3.4 billion in 2014
• Aliko’s wealth has been increasing exponentially, from $10.1 billion in 2020, $12.1 billion in 2021, and 13.9 billion in 2022
• Nigerian Abdulsamad’s worth has risen from $3.1 billion in2020 to $7 billion in 2022, arguably the best performer on the list.

The African economy is not doing so well. But that does not mean so are all the people on the continent!

Aliko Dangote, a business magnate in Nigeria, has topped the 2022 Forbes list of the richest men in Africa for the eleventh consecutive time.

Despite the Coronavirus pandemic, the continent’s 18 billionaires’ combined worth is 15 per cent more than it was in 2021, standing at roughly $84.9 billion.

On average, the continent’s billionaires are worth $4.7 billion now compared to the $3.4 billion in 2014.

Soaring stock prices across sub-Saharan …

The rhino horn has become “gold” as it is rumoured to have medicinal properties. The horn is also used as a status symbol to show success and wealth in some African and Asian countries.

Rhino horns are used to reduce hangovers and high fever, detoxify the body, and as a form of beauty through jewellery making.

In 2020, the northern white rhino went extinct as the last remaining male died in Sudan and the two remaining females were too old to reproduce.…

Twitter founder Jack Dorsey appointed four Africans to sit on Btrust (Bitcoin Trust) board on December 15, 2021.

Btrust is an initiative co-founded by Jack and the United States singer, Jay-Z, to deploy 500 bitcoin to develop and foster the currency in Africa and India.

Ojoma Ochai, Obi Nwosu, Abubakar Nur Khalil and South African Carla Kirk- Cohen. There were 7,000 applications interested in the same positions. The application form for board members established a mission to “make bitcoin the internet’s currency.”…