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Africa Blockchain Technology News

New Cryptocurrency, Dogemoon set to rival fast rising Doge and Safemoon currency

A new cryptocurrency named DOGEMOON is set to rival the fast rising DOGECOIN and SAFEMOON.

DOGEMOON’s main aim is to use blockchain technology to help charities and communities, among other functions.

Built around the fast-growing coin is a strong sense of community and commitment to charity.

Dogemoon’s community recently donated to the UEFA foundation and the Able Child Africa charity in the UK. This was affirmed in a statement released on their website;

It reads: “DOGEMOON will be donated for the first $1,000,000 market cap, 5,000,000 at 500k MC, and another 5,000,000 at 1M MC. This way we can give back immediately!, The first charity we are focusing on is The UEFA Foundation.”

The DOGEMOON community is currently running a community contest where people can earn up to $5,000 USDT, with up to 27 possible winners.

SafeMoon’s price today is $0.000012 USD with a 24-hour trading volume of $112,361,041 USD. SafeMoon is up 139.21% in the last 24 hours. The current CoinMarketCap ranking is #2424 while Dogecoin’s price today is $0.374307 USD with a 24-hour trading volume of $26,242,209,739 USD. Dogecoin is down 0.22% in the last 24 hours. The current CoinMarketCap ranking is #6.

DOGEMOON’s current market cap is currently a little over $3m, which very little and gives room for massive return for investors compared to Safemoon and Dogecoin that have reached billions in market cap.

If DOGEMOON will successfully upseat other fast rising altcoins like SAFEMOON and DOGE is left to be seen as as the crypto world is becoming the new oil in Africa.

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Africa Designs & Invention Gizmos

Free Television Still Dominant Force Across Africa

Broadcasters to Take Centre Stage at DISCOP JOBURG.

Over 120 free-to-air television stations, including public broadcasters from 15 African countries, are expected to take part in the next Johannesburg edition of the DISCOP film, television, and digital content market and co-production forum that kicks off from 20th November for three days of intense networking and deal building.

These public broadcasters will be acknowledged and celebrated for their role as the dominant force in the African market where 85% of audiences still actively watch free television. While the launch of a range of new SVOD services across the continent may dominate discussions, behind streaming’s tech dazzle, the more mundane business of selling content to Africa’s ordinary linear networks is high on DISCOP Johannesburg 2019’s agenda.

New discovery shows that free television is still the dominant force all over the continent of Africa.
New discovery shows that free television is still the dominant force all over the continent of Africa.

Contrary to a certain belief, advertising-driven TV remains strong. According to recent reports, the market share of linear ad-supported television, currently 36.7 percent of the overall global market, would actually rise to 40.1 percent by 2025 and more than half of the industry’s global revenues will still be in free-TV six years from now.  

“All the major streaming and pay-tv services will be attending,” noted Patrick Zuchowicki, General Manager and Founder of DISCOP, who adds, “But pre-market reports point to strong demand for programming from commercial and public broadcasters. The bulk of the business for the vast majority of content suppliers is still in traditional television.”

135+ global and regional content sellers and 150+ African independent content producers will take part in a reconfigured market that will go beyond content selling and buying and also cover the co-production of original content. A total of 250+ programmers, acquisition, commissioning, production and marketing executives from 35+ African countries are also expected to attend seeking both finished content, adaptation rights and projects in development.

DISCOP JOHANNESBURG 2019’s sidebar conference program will feature focused thematic sessions that will provide an opportunity for a more dynamic, hands-on learning experience. Topics to be covered will include content monetization strategies, the booming animation industry, bringing eSports to television screens, the importance of dubbing, the export of original African content, branded content, and how to tackle disinformation.

Free to air televisions

“There is no question that Pay-TV penetration, access to mobile television and VOD adoption is on the rise.” says Andrew Boozer, DISCOP’s Conference Director, who adds, “This is why we have designed a conference program that will help ad-supported TV channels stay at the top of their game and build stronger ties with local talent, up-and-coming producers and advertisers who still  think that linear television is the most powerful ad-medium on the continent.”

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Africa News

Omolara Adagunodo Urges Young Nigerian Employees to Embrace Organizational Awareness

The Managing Director of Jumia Travel, Omolara Adagunodo, has urged Nigerian employees to embrace organizational awareness in order to guarantee personal and career growth.

Jumia Travels managing director, Mrs. Omolara Adagunodo, has urged young Nigerian employees to embrace organizational awareness at the workplace in order to perform at their best.
Jumia Travels managing director, Mrs. Omolara Adagunodo, has urged young Nigerian employees to embrace organizational awareness at the workplace in order to perform at their best.

Adagunodo made this call at the first edition of the Young Manager’s Summit organized by the Nigerian Institute of Management (NIM) (Chartered) held recently at the Management House, Idowu Taylor Street, Victoria Island, Lagos.

Presenting on the topic: ‘Harnessing the Power of Organizational Awareness’, Adagunodo stated that organizational awareness is about employees having a holistic understanding of their organization from top to bottom, and being aware of the external forces that impact their organization.

“Today, we have a lot of employees with an indifferent approach to the happenings at their place of work. But as employees and young managers, you have to show inquisitiveness and curiosity, identify influencers and get to know them and how they operate, go the extra mile, work hard, play hard, dig deep and fly high. Have informal conversations with co-workers and get their perspectives on how things get achieved,” Adagunodo said.

On the benefits of being organizationally aware, she highlighted that it helps to improve staffing decisions, promotes team building, communication, culture and leadership effectiveness. It also ensures that managers understand the strengths and weaknesses of all employees and give them an opportunity to think outside the box and learn new things.

In his opening remarks, the Director, Capacity Building, NIM, Mr. Jude Iheanacho MNIM, FCA said: “The aim of the Young Manager’s Summit is to refocus attention on young Nigerians who aim to become future managers in their various fields of endeavors and equipping them with the right knowledge and mindset.” 

Iheanacho reiterated the NIM’s commitment to nurturing the development and growth of young managers reeling out initiatives such as the NIM-NYSC partnership that allows corp members to be graduate members of the NIM and the Young Managers’ Competition to celebrate young competent managers among other initiatives.

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Africa Business News

African leaders set to sign landmark trade deal at Africa Union Summit

African leaders will meet on Sunday to sign a landmark free trade agreement, and to discuss security issues and crises in the continent. According to the chairman, Moussa Faki, the heads of this African state will officially launch the Africa Continental Free Trade Area (AFCFTA) at the two-day summit in Niamey, the capital.

This agreement comes after some years of tough negotiations and was formalized at the end of last month. The agreement requires at least 22 member countries to ratify. Nigeria, Africa’s most populated economy announced this week that it would have joined the agreement, but was pulled out last year from it. Nigeria’s chief trade organizer, Ambassador Chide Osakwe, later announced that President Buhari would sign the landmark agreement “Opening Africa as a whole and Nigeria as a Nation to vast opportunities”.

We weren’t dragged into the signing, Osakwe told AFP, but it is about assessing how to make it work for Nigeria and indeed our continent Africa. Our continent today is facing lots of changes, due to evolving technology. One has to adapt to these changes in order for him to survive.

State trade ministers agreed the zone should be operational from July 2020, Africa Union Trade and industry commissioner Albert told AFP that these countries need time to adapt to the agreed changes. Benin and some Africa countries like Yemen are yet to sign the agreement, which made the official start date shifted to Sunday.

African leaders set to sign landmark trade deal at Africa Union Summit recently held in Niger

Some analyst described the deal as a positive step but said the African Continental Free Trade was still a long way to go. AU estimates that implementing the AFCFTA will lead to a 60-percent boost in Intra-African trade by 2020. African countries presently trade about 16 percent of their goods presently, compared to 65 percent with European countries.

Also on the summit agenda was security. The host of the summit, Niger has faced constant attacks by jihadist groups. Also, member countries in the G5-Sahel including Chad, Mali, Burkina Faso, and Mauritania also warn UN security at the AU summit to address the terror treats they are presently facing. The country hopes to activate Chapter VII of the UN Charter book. The chapter allows the UN Security Council to determine a sense of peace and conflict resolving approach, which includes military deployment in order to deal with these vices.

“No prosperity is possible without peace,” said Faki who called on member states to fulfill their promises of peace in the nation.

Watch this Africa Union Summit Trade Deal Breakdown

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Africa News World News

Jumia Women and Visit A Hospital Today Rally Support For New Mothers, Sick Women to Mark African Women’s Day

Jumia Women, in partnership with Visit A Hospital Today team, has rallied support for new mothers, and sick women in Lagos to mark African Women’s Day.Visit A Hospital Campaign and Jumia Women Has Rally Support For New Mothers, Sick Women to Mark African Women’s Day

To commemorate this year’s Pan-African Women’s Day and in line with the global theme which addresses maternal and neonatal mortality in Africa, the female staff of Jumia Nigeria has rallied support for new mothers and other patients who couldn’t meet the discharge requirement as a result of unpaid medical bills at the Ikorodu general hospital by helping them to offset their outstanding bills.

As a result, the patients have now been discharged and equipped with financial support to cater for the new babies. The contributions were channeled through the ‘Visit A Hospital Today’ non-governmental organization (NGO) in Lagos.

The African Women’s Day, created by the African Union is commemorated on July 31st of every year to advocate for quality maternity services for disadvantaged women who continue to die needlessly in underserved communities and to curb poor quality of health services, poor accessibility and weak referral systems for African women.

Jumia’s public relations and communications manager, Mr. Olukayode Kolawole who described the financial intervention on behalf of the new mothers as kind and thoughtful, said:

“When I heard about the plight of these new mothers and other patients who couldn’t meet the hospital discharge requirement because of their outstanding medical bills, I sought for support from our female staff, especially those who are mothers to contribute towards raising the sum. This collective effort towards helping other women in need through their financial resources reached far beyond what we set out to raise. Now, these women have been discharged and the babies are receiving the needed motherly affection.”

Founder of Visit-A-Hospital NGO, Miss Aderonke Rene Ahmed said hundreds of new mothers and women are always stuck in most hospitals because of lack of funds to pay for their medical bills.

Every week, we’re always in different hospitals providing financial support for these patients. We thank the wonderful women at Jumia Nigeria for sponsoring this month’s hospital visit.”

Until now, these new mothers had been stuck at the general hospital with their babies for a few weeks because they couldn’t pay their medical bills. “Jumia’s intervention provided succor for them in the nick of time,” she added.

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Africa Music News

African Music Streaming Giant, Playfre launches its Music Distribution Arm SongRoute

African music streaming service giant, Playfre has announced the launch of SongRoute, its music distribution arm for African artists.

 

In a bid to further help African artists monetize their creative contents, African music streaming service Playfre launches its music distribution service SongRoute. This comes after the launch of myPlayfre, a platform intended to help African artists to sell their music online without the need for a music aggregator.

SongRoute is intended to help African artists from across the continent, both major and emerging to sell their music on music streaming services like Playfre, iTunes, Spotify, Google Play, Deezer, Amazon, et al for free!

“Playfre is growing rapidly by the day and this pleases me. I want to use this to help struggling artists out there to get their music across the continent to listeners that matter the most. With SongRoute I think this will be possible as we intend not to only to get their songs across the globe but to also promote them on our platforms to give them maximum exposure” says Chika Nwaogu, CEO Playfre Africa.

With this, African artists will quickly be able to get their songs on Playfre and over 400 plus more music stores across the globe for free” Chika Nwaogu continued.

Chicka NwaoguPlayfre is an African music streaming service that launched on May 1st to help music lovers from across the continent access over 45 million songs for free. Playfre has amassed over 150,000 streams and over 2,000 registered users.

SongRoute offers a range of promotional services to African artists that sign up to their platform which includes Global Music Distribution, Playlist Pitching, iTunes Carousel Pitching, YouTube Monetization, Piracy Protection, Marketing and many more.

Launched in both Kenya and Nigeria, SongRoute will not only help African artists get their works across the globe but will also leverage on its fast-growing music platform Playfre to push their music across the continent.

SongRoute will help African artists in so many ways to showcase their talents, and at the same time make money from their craft. If you’d recall, we covered the news when Playfre first graced the African music streaming landscape, so this news is coming as a great sign of instant acceptance for a new entrant tipped to become Spotify killer in Africa.

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Africa Business Money & Finance News

AFDB launches Africa Digital Financial Inclusion Facility

The African Development Bank (AfDB) and its partners on Wednesday launched the (ADFI) Africa Digital Financial Inclusion Facility. The facility was designed to aid safety and expansion of digital financial transactions in Africa.AfDB - African Development bank logo by TechAtLast team.

The fund for the facility, which was launched at the Bank’s Annual Meeting in Malabo, Equatorial Guinea is supported by the Bill & Melinda Gates Foundation, the Agence Francaise de Development (AFD) and the government of Luxembourg as initial contributors. The Bank vice president Pierre Guislain said the goal is to ensure that, “not less than 320 million Africans have access to digital financial services“.

The fund will deploy 100 million dollars in the form of grants and 300 million dollars in the form of debt. The debt will come from the bank’s capital resources by the year 2030. It will be used to scale up electronic financial services, for low-income communities.

The African Development Bank President, Akinwunmi Adesina said:

“we believe that with the right investment in innovation and smart digital growth, Financial and economic stability will be achieved.”

Financial inclusion, achieved through digital financial service models is simultaneously a powerful anti-poverty strategy and a catalyst for sustainable economic development, for national and regional economies”, said Michael Wiegand, Director of the financial services for the poor Program at the Bill& Melinda Gates Foundation.

The grant will create an interoperable digital payment system, that will allow costumers to send and receive money, from mobile wallets to bank accounts. Sebastien Minot, AFD’S Deputy Head For Africa said in a post;

“with ADFI, we are convinced that our joint efforts can contribute efficiently to bring down the barriers that still undermine the full potential of digital finance in africa. it will enhance the delivery of quality and responsible digital financial services to the UNDErSERVED, and hence lead to sustainable financial systems”

There was a discussion between the three-member panel including Bank Vice President Pierre Guislain, Private Sector Executive and The Head for Infrastructure and Industrialization, to discuss modalities and policy requirements that must be in place to enable the fund to achieve.

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Africa Green Energy News

Forecast: Deadly Heat Waves Could Affect One Third of African City Dwellers by 2090

Forecast Deadly Heat Waves Could Affect One Third of African City Dwellers by 2090Deadly heat waves, is Africa on the brink of a natural disaster?

A research assessment of possible occurrences, regarding the rate of climate change, and also socio-economic development in 173 African cities, was carried out by a group of researchers. The research was for the years 2030, 2060 and 2090.

At the end of the research, it was disclosed that one-third of African city dwellers could be massively affected by the deadly heat waves in 2090. The results published in Earth’s Future journal yesterday said at least 217 billion people would be exposed daily to a minimum temperature of 40.6 degrees and that every African city would experience this heat for four months of the year 2090.

The researchers from University of Geneva (UNIGE), Switzerland in collaboration with Twente University of Netherland and the EU Joint Research Center in Ispra (Italy), said that the cause of this foreseen heat waves could be as a result of increasing exposure to extreme temperatures on a very high population increase, an explosion in urbanization and a very unfriendly climate.

“We foresee that the worst scenario for the year 2090 affects 217 billion people – that is a third of Africa’s urban population potentially exposed on a daily basis!”

Also, another researcher at UNIGE’s Institute for Environmental Science said;

“We consider the critical threshold to be 40.6-degree Celsius, in apparent temperature, taking humidity also into account, in fact, high outdoor humidity levels disrupt our ability to thermoregulate, with potentially fatal consequences”

Regardless of which hypothesis is correctly selected, the research study makes it clear that exposure to extremely high temperatures is going to rise sharply. But if we act quickly, the increase can be curbed, at least partially, “that is why we are currently in contact with several cities that we studied,” said Rohat, head of research.

The implication of this for our continent could cost us a lot, in terms of the health challenges of the future, but we can work around it by combating it right away.

Climate change is a global phenomenon and African leaders must not relent in their efforts to plan ahead of this foreseen heat waves so as to protect the lives and properties of citizens.

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Africa Business News

Zambian president pledges to dissolve KCM

Zambian President, Edgar Lungu, on Tuesday, pledged to dissolve KCM, the country’s largest copper producer, in a deepening dispute with foreign mining companies over tax and employment.Zambian President, Edgar Lungu, on Tuesday, pledged to dissolve KCM, the country’s largest copper producer, in a deepening dispute with foreign mining companies over tax and employment.

KCM is owned by London-based Vedanta Resources, with the state-owned ZCCM-IH as a minority shareholder.

Lungu has targeted the mining sector to generate tax revenue as Zambia struggles with growing debt, and has told international mining companies to leave the copper-rich African country if they opposed the new tax regime.

“We are resolved and determined on the KCM liquidation process because all people in the Copperbelt (mining region) want Vedanta to go,” Lungu said in a speech broadcast on state radio.

“This is not my decision alone but the people, and I will not abandon you on KCM,” he told supporters in Ndola.

A court hearing in Lusaka into the appointment of a provisional liquidator to run KCM, which employs 13,000 people, was adjourned for a week on Tuesday.

“Vedanta (has) reiterated its commitment to Zambia, and to the development and sustainability of Konkola Copper Mines,” Vedanta said in a statement last week.

The company said the government had made “unfounded allegations” over alleged unpaid taxes and that its business was unprofitable due to rising tax and electricity bills.

Companies have warned that the proposals could trigger a mass withdrawal of investment and thousands of redundancies.

“KCM is a single largest employer in the country and the impact of this liquidation could be devastating,” said independent business analyst Maambo Hamaundu.

“A few weeks ago we were given pronouncements by government officials that the mine was working properly but suddenly it’s being liquidated. Foreign investors are apprehensive.”

Zambia is Africa’s second-biggest copper-producing country after the Democratic Republic of Congo (DRC).

Vedanta, owned by Indian billionaire Anil Agarwal, is seeking international arbitration to resolve the dispute, with some analysts saying the company could be replaced by a Chinese firm.

Zambian president decision to dissolve its largest copper producer is not a welcoming idea, especially at this time of economic challenges in the country, but we stand to wait to see how it will all play out.

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Africa Business Featured Money & Finance

Free Trade Zone: Africa Goes Tough on Tariffs, Starts Free-Trade Pact

Africa, to a great extent overlooked in a United States-China exchange war which could frustrate economies around the world, is unobtrusively sorting out the world’s biggest facilitated free trade zone.

The African continental free trade area comes into power on paper yesterday after the required 22 nations approved the arrangement a month prior.

When it is fully passed by every one of the 55 countries perceived as a member of the African Union, it would cover a market of 1.2 billion people, with a gross domestic product of $2.5 trillion.

The potential advantages are self-evident if the standard obstacles of patriotism and protectionism don’t yet hinder this move.

According to Jakkie Cilliers, head of African Futures and Innovation at the Pretoria-based Institute for Security Studies;

“This arrangement would help the continent move far from mainly exporting commodities to building manufacturing capacity and industrialization.”

Boosting intra-regional exchange would boost the development of roads and railroads, thereby reducing the infrastructure limitations in Africa, he said.

Africa on the brinks of World’s Biggest Facilitated Free Trade Zone 

The exchange between African nations is at 15%, as compared with 20% in Latin America and 58% in Asia, as indicated by the Africa Export-Import Bank. And this has been forecasted by 52% by the year 2022 and can dramatically increase within the first decade of the trade agreement, a Cairo-based money lender said in a report a year ago.

Free Trade Zone Pact - Africa goes tough on tariffs by bypassing trade war with its own africa free trade zone agreement in the pipeline.
Free Trade Zone: Africa countries goes tough on tariffs by bypassing trade war with their own modeled Africa free trade zone agreement in the pipeline.

Following four years of talks, the mechanics of the agreement will be consulted in stages and should be operational by 2030. Non-trade hindrances, for example, delays at ports, and legislative issues would need to be explored before the arrangement to expel levies on 90% of good can be reached. Arbitrators will likewise need to persuade economies dependent on these tolls for income to release them.

“This is a technocratic agreement,” said Ronak Gopaldas, a London-based chief at Signal Risk, which advised organizations in Africa.

“It’s optimistic in nature and keeping in mind that the bearing is sure, deciphering what has been agreed by the technocrats and the approach to turning those into stuff that materially affects the simplicity and the expense of working together and cultivates increasingly incorporated markets” will continue to be challenging, he said.

One obstacle to coordination is Nigeria. The nation that competes with South Africa for the title of Africa’s greatest economy, hasn’t joined yet. Just recently re-elected president, Muhammadu Buhari, has been said to be reviewing and impact-assessment report on the free-trade agreement.

Experts including Tshepidi Moremong, the head of Africa coverage at FirstRand Group Ltd.’s Rand Merchant Bank, said the arrangement could at present face resistance from oligopolies gaining “massive benefits” in the West African country. Nigeria is one of three nations, including Benin and Eritrea, that hasn’t append to the arrangement. Twenty-two countries in the African continent, including South Africa, have reviewed and sanctioned the content of the agreement and moved to the next stage.

The trade agreement execution could likewise be scuppered if nation leaders looking for re-appointment values sovereign interests ahead of the continent’s, Moremong said.

“In every one of our nations, there are appropriate issues that one needs to manage and where individuals need to see that the administration is centered around their everyday issues,” she said. “Opening up a business opportunity for the general population from different pieces of the continent to unreservedly come and do business and share with your nation is going to take a great deal of resources.”

How do you think this free trade zone agreement would be of benefit to your small or big business? Share your views below.