Daily Archives: October 29, 2017
Zimbabwe’s economic crisis and financial difficulties are making cryptocurrency trade the new dawn in the payments and flow of money. With the huge liquidity issues here and there, most people have resorted to using bitcoin for transactions, especially for international trade and payments. This has also yielded results of increasing bitcoin prices – with a current trade price of about 9,000 USD against global trade price of about 5,000USD. The countries famous trade platform for bitcoin, Golix, says there is a higher demand than the supply within the cryptocurrency industry in Zimbabwe. She furthered to mention that Interest in bitcoin has peaked as people cannot send money outside or pay for international transactions using formal banks. Mobile money and other alternative means of transaction are not being fruitful.
A passionate African-American and a founding member of the US-Africa Chamber of Commerce, is leading a group of international investors to invest in Africa towards boosting the continents economic status. The investment will be targeted towards the technology sector to promote the agricultural sector, increase agro-value chain, strengthen education, and other developmental sectors. Technology is on the rise in Africa, and it is no surprise that such an inspiring move has been made in the sector. The group of international investors is currently looking at an investment of 1 billion USD in South African and larger African economies.
Equity crowdfunding is presenting an opportunity for businesses to grow their market without putting all their cash and savings into investments. Existing hurdles that inhibit the ability of the average Black American to invest in African businesses have been eliminated. Now, Equity crowdfunding allows any American adult to invest in any business (including start-ups) with any small amount of money. This is a beautiful opportunity for the majority of African American to invest any amount, even $10 into African businesses and benefit from the economic boom of start-ups across Africa. The new methodology also permits consumer influencers to make contributions towards which business gets funding from investors.