Author: Joseph Kangethe

Devising a crypto trading strategy that resonates with a trader’s financial goals and personality style is among the largest demotivation into exploring the diverse blockchain industry and the cryptocurrency markets A trading strategy is an extensive plan that guides crypto traders on their trading activities The strategy helps to mitigate financial risks by eliminating rush and unnecessary decisions. It, however, does not qualify as a mandatory tool to be a successful crypto investor There are countless ways to profit from trading cryptocurrencies, and to do that, one needs trading strategies to help monitor and optimize a cryptocurrency portfolio. Devising a…

The annual meeting for the African Development Bank Group will be held in Accra, Ghana, from May 23-27, 2022 The theme for the AfDB 2022 meeting is Achieving Climate Resilience and a Just Energy Transition for Africa This year marks the 57th AfDB Annual Meeting of the Bank Group’s Board of Governors and the 48th Meeting of the African Development Fund (ADF), the concessional arm of the Bank Group The Bank will launch the 2022 report for the African Development Bank’s African Economic Outlook during the annual meeting The annual meeting for the African Development Bank Group will be held in…

Initial predictions about Africa’s vulnerability to Covid-19 indicated that the continent would be overwhelmed by the effects of the pandemic Not only has Africa harnessed previously unrecognized power to help combat COVID-19, but it also provides indications that can be used to counter future pandemics.  Despite the significant economic disruptions caused by the Covid-19 outbreak, Africa’s economies are leading as a resilient continent with enormous promise. African start-ups raised US$1.8 billion in the first quarter of 2022, which is 2. (redmanpowerchair) 5 times the capital raised in Q1 2021 Initial predictions about Africa’s vulnerability to Covid-19 indicated that the continent…

The South African learning institution report has said it will issue blockchain-based certificates to its graduates in 2022 The report further explains that each qualification document given by the University of Johannesburg will have a QR code to verify its authenticity The blockchain-based system is unique because it allows third parties, such as prospective employers, to verify a graduate’s certificate Africa faces a crisis of insufficiently qualified university graduates, predominantly because of three significant factors. There is a lack of enough universities to administer high school graduates in the continent, a higher preference for overseas education and fake certificates that…

The late President Mwai Kibaki championed the realization and objectives of the East African Community common market of trade liberalization for the citizens of the partner states in EAC. Currently, the EAC has grown to seven member states, significantly disrupting the trade balances in Africa.

President Mwai Kibaki’s administration conceptualized and spearheaded free primary education, infrastructure development in transport and energy, and fought for availability and access to healthcare in the country.

He introduced the Constituency development fund program (CDF) that has, over the years, funded education, health and water installation in all parts of the East African country.

The governor of Lagos State, Babajide Sanwo-Olu, was the special guest of honour at the digital launch and reception to mark the landing of Equiano sea cable systems in Nigeria.

Nigeria marks Equiano’s second stop in Africa after Togo, with future landings expected in Swakopmund, Namibia, and Melkbosstrand, South Africa.

While speaking at the digital launch, Juliet Ehimuan, Google’s business strategy director in West Africa, said that the cable leverage state of the art technology to provide approximately twenty times more network capacity than the last cable built to serve the region.

A blockchain is a distributed ledger that is open to a group of selected participants to store, share and alter decentralized data If a new block is added to a blockchain, all the users in all the blocks must confirm the information added for the block to be valid Blockchain technology could be of immense importance in Africa to maintain medical records, protect land ownership and secure government records The primary technology behind cryptocurrencies is blockchain technology, allowing traders and clients to reach a consensus without necessarily trusting each other. But over time, owing to its excellent security status, the…

In 2021, the NFT market generated more than US$25 billion in trading volume, and 2022 appears to generate more figures than the previous year NFTs are digital assets in the form of a digital file, an image, video or audio that a seller uploads to a cryptocurrency exchange platform for people to buy through cryptos The KuCoin cryptocurrency trading platform announced on April 19 that it will launch a US$100 million Creators Fund to support early-stage NFT projects Recently, Changpeng Zhao, the founder of the largest exchange platform, binance, argued that the NFT business is “bonkers”, expressing his disbelief about…

Within the service industry, 4IR creates a potential for new goods and processes enabled by technology. As demand develops in lockstep with income, possibilities exist as African countries resume economic growth. Because technology complements rather than replaces labour in many service industries where formal companies and employment dominate, the adoption of technology should develop new formal wage positions for young and educated job seekers.

Adoption of 4IR technology may also result in improvements in job quality (e.g., earnings, income security) in the large non-farm informal sector (63 per cent of total employment)—for example, by the use of online stores and channels to find customers and satisfy their needs safely and efficiently.

The African continent receives only 2 per cent of the total global value of all cryptocurrencies. Chainalysis ranks Kenya, South Africa, and Nigeria as three of the top ten countries for cryptocurrency adoption globally Many African countries have overlooked this financial innovation, maintaining cryptocurrency exchanges while failing to provide a regulatory framework or allowing trading but not providing an exchange for their citizens. The development in internet access in sub-Saharan Africa has brought with it new technologies such as cryptocurrencies and blockchain that have the potential to enhance and significantly revolutionise financial and economic sectors. The African continent receives only…