Author: Joseph Kangethe

The legal tender title of bitcoin in the country implies the acceptance of cryptocurrencies as a legal means of payment in any transaction through specific rules and regulations. This means that no vendor, trader or organisation can deny service payment through bitcoin as illegal.

This move comes after several countries in the continent have restricted trading in bitcoin, and most of them are lukewarm about the market.

The legalisation of bitcoin in the first African country will transform the country’s infrastructure and facilitate the blockchain technology and web3 applications to thrive. With legalising cryptocurrencies, the Central African Republic is moving towards a new path of technological development and economic performance. This dynamic field is popular among investors worldwide and ever-present as full-fledged assets in the portfolios of the world’s largest financial players such as Microsoft, Meta and Amazon.…

• Over the years, Morocco has been riding on its strategic position on Europe’s edge to build its success on low-cost production of low-cost goods, including textiles and food, through trade pacts with the European Union
• Automotive was among the first industries to establish itself in Morocco and has become one of its success stories. 
• Morocco’s aerospace exports, according to official estimates, increased by 21.9 per cent last year to $1.6 billion after plunging by over 30% in 2020 as a result of the global aircraft industry crisis prompted by the Covid-19 epidemic.

Over the years, Morocco has been riding on its strategic position on Europe’s edge to build its success on low-cost production of low-cost goods, including textiles and food, through trade pacts with the European Union. 

However, the emphasis has shifted to higher-value, higher-tech industries such as the automotive industry, aerospace, and pharmaceuticals, with Moroccan firms collaborating with foreign …

• Cryptocurrency mining appears to be going in a different direction from the larger part of the world to fight carbon emissions
• The United States- where 35.4 per cent of bitcoin mining takes place-releases over 40 billion tonnes of carbon emissions annually, the equivalent of 9 million cars
• The University of Cambridge states that bitcoin generates about 132.48 terawatt-hours every year
• However, the cryptocurrency industry is looking to reduce 100 per cent of its carbon emissions by the end of this decade

There has been a debate about bitcoin mining facilities moving to Africa. The continent has the biggest potential to generate renewable energy sources, and the facilities will reduce saturation in the West and Europe.

Why renewable sources of energy? Bitcoin mining counts at the top of the world’s leading carbon-emitting industries!

Cryptocurrency mining appears to be going in a different direction from the larger part of the world to …

• 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 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.

Below is a comprehensive analysis of crypto trading strategies that can help beginners and even advanced traders in the market engage in …

• 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 Accra, Ghana, from May 23-27, 2022.

This is the first meeting in two years to be held in person since the COVID-19 pandemic hit Africa. The previous two meetings have been held virtually. This year, however, will be both physical, which will take place at the Accra International Conference …

• 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 2.5 times the capital raised in Q1 2021

Initial predictions about Africa’s vulnerability to Covid-19 indicated that the continent would be overwhelmed by the effects of the pandemic. Critics had argued that the continent’s medical and economic sectors would feel the heat both during and after the pandemic.

However, these worrying predictions concerning the continent and its vulnerability to the Covid-19 pandemic have largely gone unrealized. Globally, Africa accounted for a …

• 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 trash the ability to discern genuine qualifications in the market.

Blockchain technology in University degrees

However, the University of Johannesburg, A university-based in South Africa, has induced blockchain technology in its system to help counter the last setback.

The University has said it will issue blockchain-based certificates to students graduating …

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 technology has gained substantial mainstream attention and is steadily seeping into education, health and governance, among other sectors.

A blockchain is a distributed ledger that is open to a group of selected participants to store, share and alter decentralized data. In simple terms, a blockchain is a chain of blocks …