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Money Deals
- A key component of successful cryptocurrency investment is utilizing cryptocurrency exchanges effectively.
- The USDT/SOL exchange pair refers to the trading of Tether (USDT) against Solana (SOL) on a cryptocurrency exchange.
- Solana, on the other hand, is a blockchain platform designed for decentralized applications and crypto-native projects.
Cryptocurrency investments have gained significant popularity in recent years, providing individuals with opportunities to grow their capital in the digital asset space. One of the key components of successful cryptocurrency investment is utilizing cryptocurrency exchanges effectively. In this blog, we will explore the concept of using exchanges to grow your capital, with a specific focus on the USDT/SOL exchange pair.
What is the USDT/SOL exchange pair?
The USDT/SOL exchange pair refers to the trading of Tether (USDT) against Solana (SOL) on a cryptocurrency exchange. Tether is a stablecoin pegged to the value of the US dollar, providing investors with a stable and reliable cryptocurrency …
- 121 African startups secured $466M, marking a 27 per cent drop from the previous quarter; women-led startups got 6.5 per cent of the capital.
- About 87 per cent of startup funding in the three months to March went to entities in Nigeria, Kenya, Egypt, and South Africa.
- Gender imbalance persists as only 6.5 per cent of the financing went to female-led startups in Africa.
The big four economies of Nigeria, South Africa, Kenya, and Egypt continue to attract the highest share of funding going to startups in Africa, even as the ecosystem suffered a 27 per cent drop in financing to $466 million in the three months to March 2024.
The latest analysis from Africa: The Big Deal shows that 87 per cent of startup funding in the three months to March went to upcoming entities in Nigeria, Kenya, Egypt and South Africa.
Attracting $160 million, Nigeria’s economy accounted for …
- mTek, an insurtech innovation platform, has secured a $1.25 million investment from Verod-Kepple Africa Ventures and Founders Factory Africa to fuel its expansion across East Africa.
- The firm aims to streamline the insurance process, enhance customer experiences, and improve operational efficiency.
- This investment and expansion plans underscore mTek’s commitment to making insurance more accessible and affordable.
The insurance sector across East Africa is poised to experience intense activity following plans by the digital platform mTek to revamp the industry. mTek, a pioneering digital insurance platform, has secured $1.25 million (approximately Sh167.8 million) in funding from Verod-Kepple Africa Ventures (VKAV) and Founders Factory Africa (FFA) to spearheaded this investment, which is poised to catalyze its strategic expansion across East African region.
This capital infusion will strengthen mTek’s position as a leader in insurtech innovation, using state-of-the-art technology to revolutionize the uptake of cover services.
At the heart of mTek’s mission is …
- Serviced office space provider, Workstyle Africa, has announced plans to invest $2 million to open five one-stop-shop entrepreneurship centres and work spaces in East Africa.
- The firm has partnered with SNDBX International, a business growth ecosystem, to open the centers.
- Each Workstyle location will have a SNDBX wing with more than 20 resident business support experts.
Serviced office space provider, Workstyle Africa, has announced plans to invest $2 million to open five one-stop-shop entrepreneurship centres and work spaces in East Africa.
The firm has partnered with SNDBX International, a business growth ecosystem, to open the centers aimed giving entrepreneurs and SMEs within these spaces personalized access to round the clock business experts to support their growth.
Workstyle Africa builds and manages beautifully designed, high end, flexible workspaces at competitive pricing, while enabling companies to manage new hybrid-work models and enhancing their employees’ work environment.
“Each Workstyle location will have a
- Investment in African startups in the energy sector more than doubled in 2022 to hit $874 million compared to $413 million in 2021 making it the biggest winner in 2022.
- The energy sector was followed closely by the logistic & transport sector which experienced year on year growth of 38 percent, surpassing Fintech in Q4.
- Retail came next at $455m in investment, while other significant sectors growing year on year included Telecom, Media & Entertainment, Agriculture & Food and Deeptech.
Investment in African startups in the energy sector more than doubled in 2022 to hit $874 million compared to $413 million in 2021 making it the biggest winner in 2022.
This is according to latest data from The Big Deal which attributes the growth to two huge investments made in the region during the period under review that includes PEG Africa’s acquisition by Bboxx estimated at $200m and Sun King’s …
- LG Electronics and Korea Food for the Hungry International (KFHI) have announced a $30,000 challenge for social enterprises solving social issues in the communities in which they reside.
- The challenge dubbed 2023 LG Ambassador Challenge seeks to promote and support the growth and self-reliance of local communities through social groups.
- LG Electronics and KFHI will award three problem-solving projects with $10,000 each that will go towards solving social issues in the communities in which they reside.
LG Electronics and Korea Food for the Hungry International (KFHI) have announced a $30,000 (Sh3.7 millon) challenge for social enterprises solving social issues in the communities in which they reside.
The challenge dubbed ‘2023 LG Ambassador Challenge’ seeks to promote and support the growth and self-reliance of local communities through their social groups.
In its third edition, this year’s challenge aims for sustainable community development by focusing on and enhancing the capacity of community …
- Edwin Moyo, Zimbabwe’s horticulture industry magnate flies under the radar. He is unlike your typical successful Harare businessman. He is not bashful about his wealth or his influence and yet he is very influential.
- The entrepreneur made his mark in a number of ventures most notably horticulture. His success culminated in his operations at a farm in Zimbabwe’s eastern highlands called Kondozi.
- At its peak, Edwin Moyo’s Kondozi horticulture venture employed as many as 15,000 people and supported the local economy of Mutare.
- Kondozi exported fresh produce as far as Europe and Edwin Moyo managed to secure long term supply contracts with leading United Kingdom retailers like Tesco.
- Edwin Moyo’s experience in Zimbabwe is very telling of the culture of that country to persecute and to hound its most successful businesspeople and entrepreneurs.
- Kondozi is one of the farms that was forcibly taken over by the government under the guise
The reduction in the world population of billionaires was down to war, the pandemic, and what Forbes described as sluggish markets. All the billionaires of the world are collectively worth US$ 12.7 trillion dollars!
For perspective, if the common market that AfCFTA area aims to achieve in Africa is realized, it would be worth one-third of the collective wealth of the world’s global billionaires.
The wealth of the 2,668 billionaires collectively is 4 times higher than China’s foreign exchange reserves. As spectacular as this may sound this collective number of the wealth of billionaires is US$ 400 billion lower than the collective tally for 2021.…
Patrice Thlopane Motsepe has entrepreneurship baked in his bones.
It seems the South African born mining magnate has natural instincts for enterprise.
Looking at his accomplishments in the mining industry and business world its not hard to imagine that he possesses the so called “animal spirits” that renowned British economist John Maynard Keynes said drives entrepreneurs and causes them to see opportunities for value where others cannot.
- Patrice Motsepe is a South African billionaire who has made a fortune estimated by Forbes to be in the region of US$ 2.6 billion.
- His fortune has come from investments in the mining industry through a company he founded in 1997 called African Rainbow Minerals Limited.
- African Rainbow Minerals is involved in the mining of gold, platinum, coal, ferrous and base metals.
According to Forbes, Motsepe’s personal fortune is estimated to be in the region of US$ 2.6 billion. Motsepe founded and …
