- published: 16 Aug 2016
- views: 17110
-
remove the playlistBank Of West Africa (bao)
- remove the playlistBank Of West Africa (bao)
Bank of West Africa (BAO)
Banque d'Afrique Occidentale (also B.A.O. or BAO or Banque de l'AOF): (French for Bank of West Africa) bank established in 1901 in Dakar, Sénégal, by French colonial authorities as the central bank of the colonies of French West Africa.
Colonial history
Originally created by the expansion of the Banque du Sénégal (itself created by the French on 21 December 1853), the BAO was later expanded to include French Equatorial Africa to administer the common currency of French West Africa. Although it was a private investment bank, the French government authorized it to print currency, and its board always included colonial officials. It received special concessions and financial stabilisation from the government, and in essence became an arm of the French colonial administration. Between 1941 and 1958, the Institut d’Emission de l’Afrique Occidentale Francaise et du Togo was spun off the BAO to administer the Franc des colonies françaises d'Afrique (FCFA) (25 December 1945).
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Bank_of_West_Africa_(BAO)
Bank of British West Africa
Bank of British West Africa was a British Overseas bank that was important in introducing modern banking into the countries that emerged from the UK's West African colonies. In 1957 it changed its name to Bank of West Africa, and in 1965 was acquired by Standard Bank.
History
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Bank_of_British_West_Africa
Podcasts:
-
Dont Give Africa Aid. Just Pay Back What you Stole: Barclays Bank and African Poverty
Next time you hear western countries especially England, France, Belgium and Portugal discuss how much money they give in aid, ask when they will pay back what they stole. We will explore how history can help us answer the following question: Why are the people with the most natural wealth not so well off when the people with the least natural wealth enjoy the highest standards of living? http://www.globalblackhistory.com/2016/04/dont-give-africa-aid-pay-back-stole.html
published: 16 Aug 2016 -
Why Gaddafi's Gold Dinar Currency Was a Threat
According to some, the invasion of Libya was about protecting civilians, others said it was about Libya’s vast oil reserves but everyone was convinced that it was all about currency, specifically Gaddafi’s plan to introduce the gold dinar, a single African currency made from gold that would eventually replace the US dollar when trading with Africa. Many scholars have said that it's the kind of thing that one has to plan almost in secret and launch when ready because as soon as you say it, you’ll have a bullseye on your back. You see the world relies on the US dollar, giving America Unparalleled Economic Dominance. Nearly 90% of international currency transactions are in dollars, 60% of foreign exchange reserves are held in dollars and almost 40% of the world’s debt is issued in dollars. ...
published: 22 Feb 2022 -
The 10 Businesses That Will Create Africa's Next Billionaires...
Business Ideas that will create millionaires in Africa in 2021 and beyond With a population of over one billion people, Africa has become the continent with the highest investment opportunities. Investing in businesses that are both innovative and lucrative is key. Africa is a continent with a lot of resources and investing in the right market sector using the best resources and the best strategies and taking advantage of the huge market will yield High Return On Investments. But there is a problem. Coming up with a business idea and developing it into a multimillion-dollar business has been a major problem. This is because the African market has not fully been understood. This is one of the major reasons that has made investing slow in the continent. But once this market is understood, ...
published: 12 Nov 2021 -
Traders - An Original UBA Docu Series: Alaba International Market Feature
Ever wondered what business lessons you can learn from the renowned Alaba Market? Join us as explore the world of James Okwuduli, the Founder/CEO, Newcastle Electronics, one of the biggest players at the Alaba Market, the largest electronics market in West Africa. For the record, Joco James as he is popularly called has also been a UBA Customer for 10 years! 😉 #UBATraders #UBAAt70 #UBA4SMEs #UBA4AfricanEntrepreneurs
published: 21 Oct 2019 -
How to make an International Wire Transfer with Bank of America
How to send an international wire transfer – quickly and securely, with Bank of America’s online banking. Learn more: bankofamerica.com/WireTransfer If you are looking to send money to recipients within the United States, please see our other video that explains how to send a domestic wire transfer. https://www.youtube.com/watch?v=XRQeN34e6Do #OnlineBanking #MoneyTransfer
published: 05 Apr 2022 -
How Chipper Cash Made Banking Easier Across Africa And Became A Billion Dollar Company | Forbes
Ham Serunjogi and Maijid Moujaled believed there was a fortune to be made bringing transnational financial services to Africa's 1.2 billion people. Sending money between countries was extremely difficult and banking systems were very underdeveloped. The two met at Grinnell College in Iowa and came up with the idea for a money transfer app there, but wanted to acquire experience working in the tech industry first. In the spring of 2018, Serunjogi texted Moujaled, who was working as a software engineer in San Francisco, to say it was time to get going. Serunjogi quit his own job and moved into Moujaled’s studio apartment, sleeping on an air mattress in the kitchenette. The two used their combined savings of less than $30,000 and Moujaled’s ongoing salary as seed capital. They launched a tes...
published: 06 Jun 2022 -
The 10 Richest Countries In Africa 2023
Top 10 Wealthiest African Countries in 2023. Natural resources, raw materials, precious metals, and lush land are all abundant in the stunning continent of Africa. With 54 nations and approximately 1.3 billion inhabitants, Africa has a nominal G.D.P of 2.2 trillion dollars. Agriculture, natural resources, and trade are the main economic movers. It continued to be a hub for resources, innovations, and ideas in 2013, when it experienced the fastest growth. By 2050, it is predicted that the African economy would have expanded steadily and will have a G.D.P of 29 trillion dollars, playing a significant role in the world economy. Within the next ten years, the majority of the continent's nations are predicted by the World Bank to achieve "middle income" status, defined as having a G.D.P per ca...
published: 27 Jun 2022 -
This is Why You Never Mess With a Royal Guard...
Visitors to London are often delighted to see the iconic Queens Guard standing motionless in their red coats in front of Buckingham Palace. While these guards are famous for not moving an inch even when tourists decide to mess with them, don’t let that fool you into thinking they’re just lazy or slow. In fact, the queen's guards are actually one of the most elite, highly trained and secretive soldiers in the entire world. Sure they look like fixtures to the palace, but push them too far or try to interfere with their duty and you’ll learn very quickly why that was a mistake. The elusive practices and duties of these elite, bearskin-clad guards are some of the most tightly kept secrets the English crown holds, but luckily for you we’ve got the inside scoop on these subtle warriors that will...
published: 13 Feb 2021 -
How Solar Powered Machines are Making Free Water in the Sahara Desert
In the Sahara a breakthrough technology is emerging for drought solutions... The Sahara is one of the hottest places on Earth, and is considered the largest hot desert in the world, its an extremely harsh environment receiving less than 1 inch of rain every year. Despite this 2.5 million inhabitants live within the Sahara, making it one of the least densely populated places on Earth with less than 1 person per square mile, however the desert is advancing. The Sahara spans across 10 countries and is expanding southward at a rate of 48 km a year, further degrading the land and eradicating the already scarce livelihoods of populations. It is now encroaching on more populated areas within the Sahel region, where 44 million people live. It is said to be 10 percent larger than it was a cent...
published: 14 Aug 2022 -
What Can $10 Get in Central African Republic?
✅ SUBSCRIBE for More Travel Videos: http://bit.ly/2hyQnZ1 📝 Get My Top 100 Travel Pics FREE! https://bit.ly/3Fsk0qo WOAH this was a crazy fun video to make! Welcome to my 187th country, the Central African Republic. Yes, that means I have just 10 countries left until I finish every country in the world! Central African Republic is a nation that many people haven't heard of before, so I am excited to be in a position to put it on the map. I've explored the ins and outs of Bangui, the capital city, and it's full of surprises. Join me in this wild episode budget episode where I show you how many things you can buy with $10 USD (6,000 CFA) in Bangui, Central African Republic. Share this video with your friends if you enjoyed it! Follow @DrewBinsky on IG STORIES for more fun! https:...
published: 28 Dec 2019
developed with YouTube
4:24
Dont Give Africa Aid. Just Pay Back What you Stole: Barclays Bank and African Poverty
- Order: Reorder
- Duration: 4:24
- Uploaded Date: 16 Aug 2016
- views: 17110
Next time you hear western countries especially England, France, Belgium and Portugal discuss how much money they give in aid, ask when they will pay back what ...
Next time you hear western countries especially England, France, Belgium and Portugal discuss how much money they give in aid, ask when they will pay back what they stole. We will explore how history can help us answer the following question:
Why are the people with the most natural wealth not so well off when the people with the least natural wealth enjoy the highest standards of living?
http://www.globalblackhistory.com/2016/04/dont-give-africa-aid-pay-back-stole.html
https://wn.com/Dont_Give_Africa_Aid._Just_Pay_Back_What_You_Stole_Barclays_Bank_And_African_Poverty
Next time you hear western countries especially England, France, Belgium and Portugal discuss how much money they give in aid, ask when they will pay back what they stole. We will explore how history can help us answer the following question:
Why are the people with the most natural wealth not so well off when the people with the least natural wealth enjoy the highest standards of living?
http://www.globalblackhistory.com/2016/04/dont-give-africa-aid-pay-back-stole.html
13:23
Why Gaddafi's Gold Dinar Currency Was a Threat
- Order: Reorder
- Duration: 13:23
- Uploaded Date: 22 Feb 2022
- views: 938629
According to some, the invasion of Libya was about protecting civilians, others said it was about Libya’s vast oil reserves but everyone was convinced that it w...
According to some, the invasion of Libya was about protecting civilians, others said it was about Libya’s vast oil reserves but everyone was convinced that it was all about currency, specifically Gaddafi’s plan to introduce the gold dinar, a single African currency made from gold that would eventually replace the US dollar when trading with Africa. Many scholars have said that it's the kind of thing that one has to plan almost in secret and launch when ready because as soon as you say it, you’ll have a bullseye on your back.
You see the world relies on the US dollar, giving America Unparalleled Economic Dominance. Nearly 90% of international currency transactions are in dollars, 60% of foreign exchange reserves are held in dollars and almost 40% of the world’s debt is issued in dollars. That gives the US extraordinary power over nearly anyone who imports or exports anything anywhere. Clinton’s victory lap was explained away as Mission Accomplished for the US-NATO intervention following reports of mass atrocities under Gaddafi. It was later revealed that President Obama had asked his advisors to draw up options including a new military front in Libya and the Defense Department was reportedly standing ready with the full spectrum of ground military operations required.
The 2016 publication of Clinton’s emails revealed another agenda behind the Libyan war, one which it seems was achieved. Prevention of the demise of the American buck as well as prevention of the creation of the independent hard currency in Africa that would free the continent from its economic bondage, rival the dollar, the Euro and put an end to the exploitative French African franc.
Support us on Patreon: https://www.patreon.com/risenafrica
Stay tuned and remember to subscribe
https://wn.com/Why_Gaddafi's_Gold_Dinar_Currency_Was_A_Threat
According to some, the invasion of Libya was about protecting civilians, others said it was about Libya’s vast oil reserves but everyone was convinced that it was all about currency, specifically Gaddafi’s plan to introduce the gold dinar, a single African currency made from gold that would eventually replace the US dollar when trading with Africa. Many scholars have said that it's the kind of thing that one has to plan almost in secret and launch when ready because as soon as you say it, you’ll have a bullseye on your back.
You see the world relies on the US dollar, giving America Unparalleled Economic Dominance. Nearly 90% of international currency transactions are in dollars, 60% of foreign exchange reserves are held in dollars and almost 40% of the world’s debt is issued in dollars. That gives the US extraordinary power over nearly anyone who imports or exports anything anywhere. Clinton’s victory lap was explained away as Mission Accomplished for the US-NATO intervention following reports of mass atrocities under Gaddafi. It was later revealed that President Obama had asked his advisors to draw up options including a new military front in Libya and the Defense Department was reportedly standing ready with the full spectrum of ground military operations required.
The 2016 publication of Clinton’s emails revealed another agenda behind the Libyan war, one which it seems was achieved. Prevention of the demise of the American buck as well as prevention of the creation of the independent hard currency in Africa that would free the continent from its economic bondage, rival the dollar, the Euro and put an end to the exploitative French African franc.
Support us on Patreon: https://www.patreon.com/risenafrica
Stay tuned and remember to subscribe
- published: 22 Feb 2022
- views: 938629
12:51
The 10 Businesses That Will Create Africa's Next Billionaires...
- Order: Reorder
- Duration: 12:51
- Uploaded Date: 12 Nov 2021
- views: 1003394
Business Ideas that will create millionaires in Africa in 2021 and beyond
With a population of over one billion people, Africa has become the continent with th...
Business Ideas that will create millionaires in Africa in 2021 and beyond
With a population of over one billion people, Africa has become the continent with the highest investment opportunities. Investing in businesses that are both innovative and lucrative is key.
Africa is a continent with a lot of resources and investing in the right market sector using the best resources and the best strategies and taking advantage of the huge market will yield High Return On Investments.
But there is a problem.
Coming up with a business idea and developing it into a multimillion-dollar business has been a major problem. This is because the African market has not fully been understood. This is one of the major reasons that has made investing slow in the continent.
But once this market is understood, investors or potential investors stand to benefit from the huge opportunities and the chance to be billionaires especially if they are early and efficient in their chosen business sectors.
In recent years, most of the ‘new billionaires’ have been young entrepreneurs and investors who have created promising businesses and invested in lucrative sectors of Africa’s fast-growing economies.
Everyone knows Africa is the future, that is why many foreign investors from China, the United States, and India are coming to invest in Africa. They have identified markets and they are succeeding.
There is a wide list of businesses in Africa that you can invest in and make so much money but our top 10 today are those that really stand out. For decades, business opportunities in Africa were created through traditional sources but nowadays, things have evolved and there are many other new and unconventional opportunities.
Number 1: Real estate.
This is property consisting of land and the buildings on it along with its natural resources such as crops, minerals, and more. Africa’s real estate market is a multibillion-dollar opportunity and several new millionaires will build their fortune in this market. In almost every corner of the continent, real estate projects are emerging. The biggest attractions are hotel and office buildings, residential homes and apartments, and shopping malls. The key markets for real estate on every investor’s agenda are Angola, Nigeria, Egypt, Mozambique, South Africa, and Kenya. All of these countries are experiencing a real estate boom like never before. Africa’s large and youthful population and expanding middle class, increasing urbanization, the influx of multinational companies are the key drivers of demand for both commercial and residential real estate. Across the segment of the real estate market residential, official spaces, retail outlets, industrial and hospitality facilities are all in limited supply thus creating an avenue for investors and developers to tap in and benefit from these underserved needs.
Number 2: Renewable energy.
According to World Bank studies, it is estimated that in sub-Saharan Africa only 1 in 3 people has access to electricity. Firewood and charcoal still remain the primary source of energy for cooking endangering the continent fast depreciating forest resources. Across the continents, companies like off-grid electricity and several others are lighting up the continent using solar energy and water to provide low-cost electricity to households lacking them. Solar energy is one of the most attractive businesses in Africa right now. This is because of the significant potential for off-grid solar solutions as the demand is massive. Over 600.000million Africans are tired of waiting for energy from a centrally managed power grid that is inefficient and inflexible to the continent’s growing power needs. Africans enjoy about 300 days of sunlight in many parts. This makes it hard to beat the value proposition of a product that bypasses the central power grid and meets your energy needs by tapping directly from the sun, a free energy source. That’s why the solar market in Africa is booming. In Togo a solar system developer, BBOXX signed a 4million dollars partnership with the government to supply 300,000 homes with off-grid solar kits. This is a business of the future.
Other videos, You'd love watching on our channel.
Richest Countries In Africa: https://www.youtube.com/watch?v=RUbj1CC7IsM
Most Powerful Passports In Africa: https://www.youtube.com/watch?v=pOQSKkTB3Js
Weakest passports In Africa: https://www.youtube.com/watch?v=bdcvwu5ypog
This presentation contains images that were used under the Creative Commons License and Fair use policy. and most clips are licensed through storyblocks
For copyright matters relating to this video or channel, please contact us directly, and we'll remove any video on request: [email protected]
#africa #africaneconomy #topbusinessideasinafrica
https://wn.com/The_10_Businesses_That_Will_Create_Africa's_Next_Billionaires...
Business Ideas that will create millionaires in Africa in 2021 and beyond
With a population of over one billion people, Africa has become the continent with the highest investment opportunities. Investing in businesses that are both innovative and lucrative is key.
Africa is a continent with a lot of resources and investing in the right market sector using the best resources and the best strategies and taking advantage of the huge market will yield High Return On Investments.
But there is a problem.
Coming up with a business idea and developing it into a multimillion-dollar business has been a major problem. This is because the African market has not fully been understood. This is one of the major reasons that has made investing slow in the continent.
But once this market is understood, investors or potential investors stand to benefit from the huge opportunities and the chance to be billionaires especially if they are early and efficient in their chosen business sectors.
In recent years, most of the ‘new billionaires’ have been young entrepreneurs and investors who have created promising businesses and invested in lucrative sectors of Africa’s fast-growing economies.
Everyone knows Africa is the future, that is why many foreign investors from China, the United States, and India are coming to invest in Africa. They have identified markets and they are succeeding.
There is a wide list of businesses in Africa that you can invest in and make so much money but our top 10 today are those that really stand out. For decades, business opportunities in Africa were created through traditional sources but nowadays, things have evolved and there are many other new and unconventional opportunities.
Number 1: Real estate.
This is property consisting of land and the buildings on it along with its natural resources such as crops, minerals, and more. Africa’s real estate market is a multibillion-dollar opportunity and several new millionaires will build their fortune in this market. In almost every corner of the continent, real estate projects are emerging. The biggest attractions are hotel and office buildings, residential homes and apartments, and shopping malls. The key markets for real estate on every investor’s agenda are Angola, Nigeria, Egypt, Mozambique, South Africa, and Kenya. All of these countries are experiencing a real estate boom like never before. Africa’s large and youthful population and expanding middle class, increasing urbanization, the influx of multinational companies are the key drivers of demand for both commercial and residential real estate. Across the segment of the real estate market residential, official spaces, retail outlets, industrial and hospitality facilities are all in limited supply thus creating an avenue for investors and developers to tap in and benefit from these underserved needs.
Number 2: Renewable energy.
According to World Bank studies, it is estimated that in sub-Saharan Africa only 1 in 3 people has access to electricity. Firewood and charcoal still remain the primary source of energy for cooking endangering the continent fast depreciating forest resources. Across the continents, companies like off-grid electricity and several others are lighting up the continent using solar energy and water to provide low-cost electricity to households lacking them. Solar energy is one of the most attractive businesses in Africa right now. This is because of the significant potential for off-grid solar solutions as the demand is massive. Over 600.000million Africans are tired of waiting for energy from a centrally managed power grid that is inefficient and inflexible to the continent’s growing power needs. Africans enjoy about 300 days of sunlight in many parts. This makes it hard to beat the value proposition of a product that bypasses the central power grid and meets your energy needs by tapping directly from the sun, a free energy source. That’s why the solar market in Africa is booming. In Togo a solar system developer, BBOXX signed a 4million dollars partnership with the government to supply 300,000 homes with off-grid solar kits. This is a business of the future.
Other videos, You'd love watching on our channel.
Richest Countries In Africa: https://www.youtube.com/watch?v=RUbj1CC7IsM
Most Powerful Passports In Africa: https://www.youtube.com/watch?v=pOQSKkTB3Js
Weakest passports In Africa: https://www.youtube.com/watch?v=bdcvwu5ypog
This presentation contains images that were used under the Creative Commons License and Fair use policy. and most clips are licensed through storyblocks
For copyright matters relating to this video or channel, please contact us directly, and we'll remove any video on request: [email protected]
#africa #africaneconomy #topbusinessideasinafrica
- published: 12 Nov 2021
- views: 1003394
8:25
Traders - An Original UBA Docu Series: Alaba International Market Feature
- Order: Reorder
- Duration: 8:25
- Uploaded Date: 21 Oct 2019
- views: 257444
Ever wondered what business lessons you can learn from the renowned Alaba Market?
Join us as explore the world of James Okwuduli, the Founder/CEO, Newcastle El...
Ever wondered what business lessons you can learn from the renowned Alaba Market?
Join us as explore the world of James Okwuduli, the Founder/CEO, Newcastle Electronics, one of the biggest players at the Alaba Market, the largest electronics market in West Africa.
For the record, Joco James as he is popularly called has also been a UBA Customer for 10 years! 😉
#UBATraders #UBAAt70 #UBA4SMEs #UBA4AfricanEntrepreneurs
https://wn.com/Traders_An_Original_Uba_Docu_Series_Alaba_International_Market_Feature
Ever wondered what business lessons you can learn from the renowned Alaba Market?
Join us as explore the world of James Okwuduli, the Founder/CEO, Newcastle Electronics, one of the biggest players at the Alaba Market, the largest electronics market in West Africa.
For the record, Joco James as he is popularly called has also been a UBA Customer for 10 years! 😉
#UBATraders #UBAAt70 #UBA4SMEs #UBA4AfricanEntrepreneurs
- published: 21 Oct 2019
- views: 257444
3:34
How to make an International Wire Transfer with Bank of America
- Order: Reorder
- Duration: 3:34
- Uploaded Date: 05 Apr 2022
- views: 87103
How to send an international wire transfer – quickly and securely, with Bank of America’s online banking.
Learn more: bankofamerica.com/WireTransfer
If you a...
How to send an international wire transfer – quickly and securely, with Bank of America’s online banking.
Learn more: bankofamerica.com/WireTransfer
If you are looking to send money to recipients within the United States, please see our other video that explains how to send a domestic wire transfer. https://www.youtube.com/watch?v=XRQeN34e6Do
#OnlineBanking #MoneyTransfer
https://wn.com/How_To_Make_An_International_Wire_Transfer_With_Bank_Of_America
How to send an international wire transfer – quickly and securely, with Bank of America’s online banking.
Learn more: bankofamerica.com/WireTransfer
If you are looking to send money to recipients within the United States, please see our other video that explains how to send a domestic wire transfer. https://www.youtube.com/watch?v=XRQeN34e6Do
#OnlineBanking #MoneyTransfer
- published: 05 Apr 2022
- views: 87103
5:49
How Chipper Cash Made Banking Easier Across Africa And Became A Billion Dollar Company | Forbes
- Order: Reorder
- Duration: 5:49
- Uploaded Date: 06 Jun 2022
- views: 1923776
Ham Serunjogi and Maijid Moujaled believed there was a fortune to be made bringing transnational financial services to Africa's 1.2 billion people. Sending mone...
Ham Serunjogi and Maijid Moujaled believed there was a fortune to be made bringing transnational financial services to Africa's 1.2 billion people. Sending money between countries was extremely difficult and banking systems were very underdeveloped. The two met at Grinnell College in Iowa and came up with the idea for a money transfer app there, but wanted to acquire experience working in the tech industry first.
In the spring of 2018, Serunjogi texted Moujaled, who was working as a software engineer in San Francisco, to say it was time to get going. Serunjogi quit his own job and moved into Moujaled’s studio apartment, sleeping on an air mattress in the kitchenette. The two used their combined savings of less than $30,000 and Moujaled’s ongoing salary as seed capital. They launched a test version of their app in July 2018, letting customers send money from Uganda to Ghana for free. The cofounders took pitches to more than 50 VC firms until, in November 2018, 500 Startups agreed to invest $150,000.
By mid-2019 Chipper Cash was available in Uganda, Ghana, Kenya and Rwanda. It soon expanded to Nigeria, Africa’s biggest market with more than 200 million people, and by the end of the year, it had 600,000 customers. It also introduced a foreign-exchange markup fee of 2% to 5% to start generating revenue. As bitcoin rose from $14,000 to $20,000 in the fall of 2020, Chipper began to let users buy and sell bitcoin and ether, establishing a second lucrative line of business: trading fees. It reached a $2.2 billion valuation in late 2021, with investment from firms including Sam Bankman-Fried’s FTX, Ribbit Capital and Bezos Expeditions. Transactions grew from $200 million in the first quarter of 2021 to $1.6 billion 12 months later.
Read the full story on Forbes: https://www.forbes.com/sites/jeffkauflin/2022/06/06/how-two-africans-overcame-bias-to-build-a-startup-worth-billions/?sh=7d34afa864d5
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
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More From Forbes: http://forbes.com
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
https://wn.com/How_Chipper_Cash_Made_Banking_Easier_Across_Africa_And_Became_A_Billion_Dollar_Company_|_Forbes
Ham Serunjogi and Maijid Moujaled believed there was a fortune to be made bringing transnational financial services to Africa's 1.2 billion people. Sending money between countries was extremely difficult and banking systems were very underdeveloped. The two met at Grinnell College in Iowa and came up with the idea for a money transfer app there, but wanted to acquire experience working in the tech industry first.
In the spring of 2018, Serunjogi texted Moujaled, who was working as a software engineer in San Francisco, to say it was time to get going. Serunjogi quit his own job and moved into Moujaled’s studio apartment, sleeping on an air mattress in the kitchenette. The two used their combined savings of less than $30,000 and Moujaled’s ongoing salary as seed capital. They launched a test version of their app in July 2018, letting customers send money from Uganda to Ghana for free. The cofounders took pitches to more than 50 VC firms until, in November 2018, 500 Startups agreed to invest $150,000.
By mid-2019 Chipper Cash was available in Uganda, Ghana, Kenya and Rwanda. It soon expanded to Nigeria, Africa’s biggest market with more than 200 million people, and by the end of the year, it had 600,000 customers. It also introduced a foreign-exchange markup fee of 2% to 5% to start generating revenue. As bitcoin rose from $14,000 to $20,000 in the fall of 2020, Chipper began to let users buy and sell bitcoin and ether, establishing a second lucrative line of business: trading fees. It reached a $2.2 billion valuation in late 2021, with investment from firms including Sam Bankman-Fried’s FTX, Ribbit Capital and Bezos Expeditions. Transactions grew from $200 million in the first quarter of 2021 to $1.6 billion 12 months later.
Read the full story on Forbes: https://www.forbes.com/sites/jeffkauflin/2022/06/06/how-two-africans-overcame-bias-to-build-a-startup-worth-billions/?sh=7d34afa864d5
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
- published: 06 Jun 2022
- views: 1923776
13:07
The 10 Richest Countries In Africa 2023
- Order: Reorder
- Duration: 13:07
- Uploaded Date: 27 Jun 2022
- views: 137924
Top 10 Wealthiest African Countries in 2023.
Natural resources, raw materials, precious metals, and lush land are all abundant in the stunning continent of Afr...
Top 10 Wealthiest African Countries in 2023.
Natural resources, raw materials, precious metals, and lush land are all abundant in the stunning continent of Africa. With 54 nations and approximately 1.3 billion inhabitants, Africa has a nominal G.D.P of 2.2 trillion dollars. Agriculture, natural resources, and trade are the main economic movers. It continued to be a hub for resources, innovations, and ideas in 2013, when it experienced the fastest growth. By 2050, it is predicted that the African economy would have expanded steadily and will have a G.D.P of 29 trillion dollars, playing a significant role in the world economy. Within the next ten years, the majority of the continent's nations are predicted by the World Bank to achieve "middle income" status, defined as having a G.D.P per capita of at least 1,000 dollars.
Africa's economic development varies greatly by nation and by region, with the variation going beyond culture and trade to include things like historical development, global relations, and substantial resources. So we decided to bring you the top 10 countries where the bulk of this growth is focused. Here are the wealthiest countries in Africa 2022.
Number 10 Ghana: Ghana, a beautiful west African nation, is known for its resource-rich and diverse economy. The nation was the first in sub-Saharan Africa to achieve both the goal of halving extreme poverty and its freedom from colonial authority. Due to its generally favorable business environment, the country has attracted international investment and has seen economic growth of little over 6 percent during the last two years. Nearly 30 percent of Ghana's workforce is employed in the service sector, which accounts for about 50 percent of the country's G.D.P. Agriculture comes in second with a contribution to G.D.P of little less than 25 percent. Natural resources are abundant in Ghana, contributing to the country's economic growth. The primary export of the nation is gold. This is followed by petroleum and together they make up 50 percent of the country’s foreign exchange. Other major exports include cocoa beans, timber, and gold. Ghana has a G.D.P of 74 billion dollars.
Number 9 Tanzania: Tanzania, which is ranked ninth on this list of the richest nations on the African continent, recently made the cut with a G.D.P of over 75 billion dollars. The nation has a lower-middle mixed income economy and is known as the location of some of the most well-known national parks on the continent, including Kilimanjaro. Agriculture accounts for roughly 25 percent of the G.D.P and 50 percent of employment in the nation, which is primarily dependent on it. Industries, which make up about 30 percent of G.D.P and include mining, manufacturing, construction, electricity, natural gas, and water delivery, are a developing sector of the economy. Gold, coffee, cashew nuts, and cotton are the principal exports.
Other videos you'd love watching on our channel:
The Richest cities in South Africa: https://www.youtube.com/watch?v=TIqz56q86mA
The Richest Cities In Ghana: https://www.youtube.com/watch?v=VUHnfFY4ORc
Richest presidents in Africa: https://www.youtube.com/watch?v=QjOo8fzmc54
FOOTAGE licensed through Storyblocks
https://wn.com/The_10_Richest_Countries_In_Africa_2023
Top 10 Wealthiest African Countries in 2023.
Natural resources, raw materials, precious metals, and lush land are all abundant in the stunning continent of Africa. With 54 nations and approximately 1.3 billion inhabitants, Africa has a nominal G.D.P of 2.2 trillion dollars. Agriculture, natural resources, and trade are the main economic movers. It continued to be a hub for resources, innovations, and ideas in 2013, when it experienced the fastest growth. By 2050, it is predicted that the African economy would have expanded steadily and will have a G.D.P of 29 trillion dollars, playing a significant role in the world economy. Within the next ten years, the majority of the continent's nations are predicted by the World Bank to achieve "middle income" status, defined as having a G.D.P per capita of at least 1,000 dollars.
Africa's economic development varies greatly by nation and by region, with the variation going beyond culture and trade to include things like historical development, global relations, and substantial resources. So we decided to bring you the top 10 countries where the bulk of this growth is focused. Here are the wealthiest countries in Africa 2022.
Number 10 Ghana: Ghana, a beautiful west African nation, is known for its resource-rich and diverse economy. The nation was the first in sub-Saharan Africa to achieve both the goal of halving extreme poverty and its freedom from colonial authority. Due to its generally favorable business environment, the country has attracted international investment and has seen economic growth of little over 6 percent during the last two years. Nearly 30 percent of Ghana's workforce is employed in the service sector, which accounts for about 50 percent of the country's G.D.P. Agriculture comes in second with a contribution to G.D.P of little less than 25 percent. Natural resources are abundant in Ghana, contributing to the country's economic growth. The primary export of the nation is gold. This is followed by petroleum and together they make up 50 percent of the country’s foreign exchange. Other major exports include cocoa beans, timber, and gold. Ghana has a G.D.P of 74 billion dollars.
Number 9 Tanzania: Tanzania, which is ranked ninth on this list of the richest nations on the African continent, recently made the cut with a G.D.P of over 75 billion dollars. The nation has a lower-middle mixed income economy and is known as the location of some of the most well-known national parks on the continent, including Kilimanjaro. Agriculture accounts for roughly 25 percent of the G.D.P and 50 percent of employment in the nation, which is primarily dependent on it. Industries, which make up about 30 percent of G.D.P and include mining, manufacturing, construction, electricity, natural gas, and water delivery, are a developing sector of the economy. Gold, coffee, cashew nuts, and cotton are the principal exports.
Other videos you'd love watching on our channel:
The Richest cities in South Africa: https://www.youtube.com/watch?v=TIqz56q86mA
The Richest Cities In Ghana: https://www.youtube.com/watch?v=VUHnfFY4ORc
Richest presidents in Africa: https://www.youtube.com/watch?v=QjOo8fzmc54
FOOTAGE licensed through Storyblocks
- published: 27 Jun 2022
- views: 137924
8:13
This is Why You Never Mess With a Royal Guard...
- Order: Reorder
- Duration: 8:13
- Uploaded Date: 13 Feb 2021
- views: 11811892
Visitors to London are often delighted to see the iconic Queens Guard standing motionless in their red coats in front of Buckingham Palace. While these guards a...
Visitors to London are often delighted to see the iconic Queens Guard standing motionless in their red coats in front of Buckingham Palace. While these guards are famous for not moving an inch even when tourists decide to mess with them, don’t let that fool you into thinking they’re just lazy or slow. In fact, the queen's guards are actually one of the most elite, highly trained and secretive soldiers in the entire world. Sure they look like fixtures to the palace, but push them too far or try to interfere with their duty and you’ll learn very quickly why that was a mistake. The elusive practices and duties of these elite, bearskin-clad guards are some of the most tightly kept secrets the English crown holds, but luckily for you we’ve got the inside scoop on these subtle warriors that will change the way you look at the seeming tourist attractions for the rest of your life. Think you can handle knowing the secrets of such an elite group?
For copyright matters, please contact: [email protected]
We do not claim these clips as our own. All credit goes to the rightful owners. If your clip was featured and you want it taken down, send us an E-mail explaining the situation and we'll resolve it.
Editing: HowlingCreations & Trend Central
Music: EpidemicSound
Why you never mess with a royal guard! Featuring the world's most tough and strongest royal guards on earth. You better never mess with the Queens royal guards...
https://wn.com/This_Is_Why_You_Never_Mess_With_A_Royal_Guard...
Visitors to London are often delighted to see the iconic Queens Guard standing motionless in their red coats in front of Buckingham Palace. While these guards are famous for not moving an inch even when tourists decide to mess with them, don’t let that fool you into thinking they’re just lazy or slow. In fact, the queen's guards are actually one of the most elite, highly trained and secretive soldiers in the entire world. Sure they look like fixtures to the palace, but push them too far or try to interfere with their duty and you’ll learn very quickly why that was a mistake. The elusive practices and duties of these elite, bearskin-clad guards are some of the most tightly kept secrets the English crown holds, but luckily for you we’ve got the inside scoop on these subtle warriors that will change the way you look at the seeming tourist attractions for the rest of your life. Think you can handle knowing the secrets of such an elite group?
For copyright matters, please contact: [email protected]
We do not claim these clips as our own. All credit goes to the rightful owners. If your clip was featured and you want it taken down, send us an E-mail explaining the situation and we'll resolve it.
Editing: HowlingCreations & Trend Central
Music: EpidemicSound
Why you never mess with a royal guard! Featuring the world's most tough and strongest royal guards on earth. You better never mess with the Queens royal guards...
- published: 13 Feb 2021
- views: 11811892
7:26
How Solar Powered Machines are Making Free Water in the Sahara Desert
- Order: Reorder
- Duration: 7:26
- Uploaded Date: 14 Aug 2022
- views: 613791
In the Sahara a breakthrough technology is emerging for drought solutions...
The Sahara is one of the hottest places on Earth, and is considered the largest ho...
In the Sahara a breakthrough technology is emerging for drought solutions...
The Sahara is one of the hottest places on Earth, and is considered the largest hot desert in the world, its an extremely harsh environment receiving less than 1 inch of rain every year.
Despite this 2.5 million inhabitants live within the Sahara, making it one of the least densely populated places on Earth with less than 1 person per square mile, however the desert is advancing.
The Sahara spans across 10 countries and is expanding southward at a rate of 48 km a year, further degrading the land and eradicating the already scarce livelihoods of populations. It is now encroaching on more populated areas within the Sahel region, where 44 million people live. It is said to be 10 percent larger than it was a century ago.
In this region temperatures are rising faster than anywhere else on Earth and since the 1970s it has been affected by severe droughts. This has come at a huge cost: land degradation is currently estimated at about $490bn per year, which is much higher than the cost of action to prevent it.
The Sahara desert is just one example across the world of how our deserts are advancing, and how global climate change is affecting these areas negatively. Its estimated that more than one billion people, one-eighth of the Earth's population, actually live in desert regions and the livelihoods of a further 1 billion people in some 100 countries are threatened by desertification.
Desertification refers to the land degradation in arid, semi-arid and sub-humid areas resulting from various factors, including climatic variations and human activities. When land degradation happens in the world's drylands, it often creates desert-like conditions.
Drylands take up 41.3% of the land surface and up to 44% of all the world's cultivated systems are in the drylands. Water scarcity is the gap between the demand for water and it’s supply, in dry-lands there is a high demand for water despite their being a lack of supply. Water scarcity it is said to affect between 1-2 billion people, most of them living in the drylands.
It is estimated that nearly half of the world's population in 2030 will be living in areas of high water stress and it could displace up to 700 million people. It is for this reason innovators across the world are trying to turn this around.
In this video we will show you how the first ever off grid water production machine is creating water from thin air in the desert, this breakthrough technology is on the forefront of drought solutions helping provide free water for billions of people living in dry land across the world….
For more information on the different solar powered desert water machines, check out the Sunglacier.nl website.
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🌳 More Greening the Desert Projects: https://youtube.com/playlist?list=PLLtXoNe4rALfFUt8garOAP5EbKwtKXCRh
💦 How Sahara Fog Nets are bringing water to the Desert: https://youtu.be/Mv6qZAtwKZM
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This video is for education and research purposes
If you are the owner of any of the images please contact us an we can credit or remove the image, THANK YOU
FAIR USE COPYRIGHT NOTICE
The Copyright Laws of the United States recognizes a “fair use” of copyrighted content. Section 107 of the U.S. Copyright Act states:
“NOTWITHSTANDING THE PROVISIONS OF SECTIONS 106 AND 106A, THE FAIR USE OF A COPYRIGHTED WORK, INCLUDING SUCH USE BY REPRODUCTION IN COPIES OR PHONORECORDS OR BY ANY OTHER MEANS SPECIFIED BY THAT SECTION, FOR PURPOSES SUCH AS CRITICISM, COMMENT, NEWS REPORTING, TEACHING (INCLUDING MULTIPLE COPIES FOR CLASSROOM USE), SCHOLARSHIP, OR RESEARCH, IS NOT AN INFRINGEMENT OF COPYRIGHT.”
THIS VIDEO AND OUR YOUTUBE CHANNEL IN GENERAL MAY CONTAIN CERTAIN COPYRIGHTED WORKS THAT WERE NOT SPECIFICALLY AUTHORIZED TO BE USED BY THE COPYRIGHT HOLDER(S), BUT WHICH WE BELIEVE IN GOOD FAITH ARE PROTECTED BY FEDERAL LAW AND THE FAIR USE DOCTRINE FOR ONE OR MORE OF THE REASONS NOTED ABOVE.
IF YOU HAVE ANY SPECIFIC CONCERNS ABOUT THIS VIDEO OR OUR POSITION ON THE FAIR USE DEFENSE, PLEASE CONTACT US IN THE COMMENTS OR SEND AN EMAIL SO WE CAN DISCUSS AMICABLY. THANK YOU.
#greeningthedesert
#watershortage
https://wn.com/How_Solar_Powered_Machines_Are_Making_Free_Water_In_The_Sahara_Desert
In the Sahara a breakthrough technology is emerging for drought solutions...
The Sahara is one of the hottest places on Earth, and is considered the largest hot desert in the world, its an extremely harsh environment receiving less than 1 inch of rain every year.
Despite this 2.5 million inhabitants live within the Sahara, making it one of the least densely populated places on Earth with less than 1 person per square mile, however the desert is advancing.
The Sahara spans across 10 countries and is expanding southward at a rate of 48 km a year, further degrading the land and eradicating the already scarce livelihoods of populations. It is now encroaching on more populated areas within the Sahel region, where 44 million people live. It is said to be 10 percent larger than it was a century ago.
In this region temperatures are rising faster than anywhere else on Earth and since the 1970s it has been affected by severe droughts. This has come at a huge cost: land degradation is currently estimated at about $490bn per year, which is much higher than the cost of action to prevent it.
The Sahara desert is just one example across the world of how our deserts are advancing, and how global climate change is affecting these areas negatively. Its estimated that more than one billion people, one-eighth of the Earth's population, actually live in desert regions and the livelihoods of a further 1 billion people in some 100 countries are threatened by desertification.
Desertification refers to the land degradation in arid, semi-arid and sub-humid areas resulting from various factors, including climatic variations and human activities. When land degradation happens in the world's drylands, it often creates desert-like conditions.
Drylands take up 41.3% of the land surface and up to 44% of all the world's cultivated systems are in the drylands. Water scarcity is the gap between the demand for water and it’s supply, in dry-lands there is a high demand for water despite their being a lack of supply. Water scarcity it is said to affect between 1-2 billion people, most of them living in the drylands.
It is estimated that nearly half of the world's population in 2030 will be living in areas of high water stress and it could displace up to 700 million people. It is for this reason innovators across the world are trying to turn this around.
In this video we will show you how the first ever off grid water production machine is creating water from thin air in the desert, this breakthrough technology is on the forefront of drought solutions helping provide free water for billions of people living in dry land across the world….
For more information on the different solar powered desert water machines, check out the Sunglacier.nl website.
__________________________
🔔 SUBSCRIBE with Bell notification ON
✍ ENQUIRES contact: [email protected]
_________________________
🌳 More Greening the Desert Projects: https://youtube.com/playlist?list=PLLtXoNe4rALfFUt8garOAP5EbKwtKXCRh
💦 How Sahara Fog Nets are bringing water to the Desert: https://youtu.be/Mv6qZAtwKZM
_________________________
💚 SUPPORT THE CHANNEL
Help us share more regenerative stories:
https://www.patreon.com/leafoflifefilms
One time donation:
https://www.paypal.com/paypalme/LeafofLifefilms
_________________________
This video is for education and research purposes
If you are the owner of any of the images please contact us an we can credit or remove the image, THANK YOU
FAIR USE COPYRIGHT NOTICE
The Copyright Laws of the United States recognizes a “fair use” of copyrighted content. Section 107 of the U.S. Copyright Act states:
“NOTWITHSTANDING THE PROVISIONS OF SECTIONS 106 AND 106A, THE FAIR USE OF A COPYRIGHTED WORK, INCLUDING SUCH USE BY REPRODUCTION IN COPIES OR PHONORECORDS OR BY ANY OTHER MEANS SPECIFIED BY THAT SECTION, FOR PURPOSES SUCH AS CRITICISM, COMMENT, NEWS REPORTING, TEACHING (INCLUDING MULTIPLE COPIES FOR CLASSROOM USE), SCHOLARSHIP, OR RESEARCH, IS NOT AN INFRINGEMENT OF COPYRIGHT.”
THIS VIDEO AND OUR YOUTUBE CHANNEL IN GENERAL MAY CONTAIN CERTAIN COPYRIGHTED WORKS THAT WERE NOT SPECIFICALLY AUTHORIZED TO BE USED BY THE COPYRIGHT HOLDER(S), BUT WHICH WE BELIEVE IN GOOD FAITH ARE PROTECTED BY FEDERAL LAW AND THE FAIR USE DOCTRINE FOR ONE OR MORE OF THE REASONS NOTED ABOVE.
IF YOU HAVE ANY SPECIFIC CONCERNS ABOUT THIS VIDEO OR OUR POSITION ON THE FAIR USE DEFENSE, PLEASE CONTACT US IN THE COMMENTS OR SEND AN EMAIL SO WE CAN DISCUSS AMICABLY. THANK YOU.
#greeningthedesert
#watershortage
- published: 14 Aug 2022
- views: 613791
8:15
What Can $10 Get in Central African Republic?
- Order: Reorder
- Duration: 8:15
- Uploaded Date: 28 Dec 2019
- views: 1861627
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WOAH this was a crazy fun video to make! W...
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WOAH this was a crazy fun video to make! Welcome to my 187th country, the Central African Republic. Yes, that means I have just 10 countries left until I finish every country in the world!
Central African Republic is a nation that many people haven't heard of before, so I am excited to be in a position to put it on the map. I've explored the ins and outs of Bangui, the capital city, and it's full of surprises.
Join me in this wild episode budget episode where I show you how many things you can buy with $10 USD (6,000 CFA) in Bangui, Central African Republic.
Share this video with your friends if you enjoyed it!
Follow @DrewBinsky on IG STORIES for more fun! https://instagram.com/drewbinsky
#travel #budget #africa
FIND ME ON SOCIAL MEDIA:
►FB: https://www.facebook.com/drewbinsky/ (I post daily videos there too!)
►IG Stories: https://www.instagram.com/drewbinsky/
WHO AM I?
My name is Drew Binsky and I am going to all 197 countries in the world. I make daily travel videos about people, culture and anything else I find interesting on the road. My ultimate goal is to inspire you to travel far and wide, because our planet is beautiful!
MORE ABOUT ME:
https://drewbinsky.com/about/
CONTACT ME:
business (at) drewbinsky (dot) com
https://wn.com/What_Can_10_Get_In_Central_African_Republic
✅ SUBSCRIBE for More Travel Videos: http://bit.ly/2hyQnZ1
📝 Get My Top 100 Travel Pics FREE! https://bit.ly/3Fsk0qo
WOAH this was a crazy fun video to make! Welcome to my 187th country, the Central African Republic. Yes, that means I have just 10 countries left until I finish every country in the world!
Central African Republic is a nation that many people haven't heard of before, so I am excited to be in a position to put it on the map. I've explored the ins and outs of Bangui, the capital city, and it's full of surprises.
Join me in this wild episode budget episode where I show you how many things you can buy with $10 USD (6,000 CFA) in Bangui, Central African Republic.
Share this video with your friends if you enjoyed it!
Follow @DrewBinsky on IG STORIES for more fun! https://instagram.com/drewbinsky
#travel #budget #africa
FIND ME ON SOCIAL MEDIA:
►FB: https://www.facebook.com/drewbinsky/ (I post daily videos there too!)
►IG Stories: https://www.instagram.com/drewbinsky/
WHO AM I?
My name is Drew Binsky and I am going to all 197 countries in the world. I make daily travel videos about people, culture and anything else I find interesting on the road. My ultimate goal is to inspire you to travel far and wide, because our planet is beautiful!
MORE ABOUT ME:
https://drewbinsky.com/about/
CONTACT ME:
business (at) drewbinsky (dot) com
- published: 28 Dec 2019
- views: 1861627
4:24
Dont Give Africa Aid. Just Pay Back What you Stole: Barclays Bank and African Poverty
Next time you hear western countries especially England, France, Belgium and Portugal disc...
published: 16 Aug 2016
Dont Give Africa Aid. Just Pay Back What you Stole: Barclays Bank and African Poverty
Dont Give Africa Aid. Just Pay Back What you Stole: Barclays Bank and African Poverty
- Report rights infringement
- published: 16 Aug 2016
- views: 17110
Next time you hear western countries especially England, France, Belgium and Portugal discuss how much money they give in aid, ask when they will pay back what they stole. We will explore how history can help us answer the following question:
Why are the people with the most natural wealth not so well off when the people with the least natural wealth enjoy the highest standards of living?
http://www.globalblackhistory.com/2016/04/dont-give-africa-aid-pay-back-stole.html
13:23
Why Gaddafi's Gold Dinar Currency Was a Threat
According to some, the invasion of Libya was about protecting civilians, others said it wa...
published: 22 Feb 2022
Why Gaddafi's Gold Dinar Currency Was a Threat
Why Gaddafi's Gold Dinar Currency Was a Threat
- Report rights infringement
- published: 22 Feb 2022
- views: 938629
According to some, the invasion of Libya was about protecting civilians, others said it was about Libya’s vast oil reserves but everyone was convinced that it was all about currency, specifically Gaddafi’s plan to introduce the gold dinar, a single African currency made from gold that would eventually replace the US dollar when trading with Africa. Many scholars have said that it's the kind of thing that one has to plan almost in secret and launch when ready because as soon as you say it, you’ll have a bullseye on your back.
You see the world relies on the US dollar, giving America Unparalleled Economic Dominance. Nearly 90% of international currency transactions are in dollars, 60% of foreign exchange reserves are held in dollars and almost 40% of the world’s debt is issued in dollars. That gives the US extraordinary power over nearly anyone who imports or exports anything anywhere. Clinton’s victory lap was explained away as Mission Accomplished for the US-NATO intervention following reports of mass atrocities under Gaddafi. It was later revealed that President Obama had asked his advisors to draw up options including a new military front in Libya and the Defense Department was reportedly standing ready with the full spectrum of ground military operations required.
The 2016 publication of Clinton’s emails revealed another agenda behind the Libyan war, one which it seems was achieved. Prevention of the demise of the American buck as well as prevention of the creation of the independent hard currency in Africa that would free the continent from its economic bondage, rival the dollar, the Euro and put an end to the exploitative French African franc.
Support us on Patreon: https://www.patreon.com/risenafrica
Stay tuned and remember to subscribe
12:51
The 10 Businesses That Will Create Africa's Next Billionaires...
Business Ideas that will create millionaires in Africa in 2021 and beyond
With a populati...
published: 12 Nov 2021
The 10 Businesses That Will Create Africa's Next Billionaires...
The 10 Businesses That Will Create Africa's Next Billionaires...
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- published: 12 Nov 2021
- views: 1003394
Business Ideas that will create millionaires in Africa in 2021 and beyond
With a population of over one billion people, Africa has become the continent with the highest investment opportunities. Investing in businesses that are both innovative and lucrative is key.
Africa is a continent with a lot of resources and investing in the right market sector using the best resources and the best strategies and taking advantage of the huge market will yield High Return On Investments.
But there is a problem.
Coming up with a business idea and developing it into a multimillion-dollar business has been a major problem. This is because the African market has not fully been understood. This is one of the major reasons that has made investing slow in the continent.
But once this market is understood, investors or potential investors stand to benefit from the huge opportunities and the chance to be billionaires especially if they are early and efficient in their chosen business sectors.
In recent years, most of the ‘new billionaires’ have been young entrepreneurs and investors who have created promising businesses and invested in lucrative sectors of Africa’s fast-growing economies.
Everyone knows Africa is the future, that is why many foreign investors from China, the United States, and India are coming to invest in Africa. They have identified markets and they are succeeding.
There is a wide list of businesses in Africa that you can invest in and make so much money but our top 10 today are those that really stand out. For decades, business opportunities in Africa were created through traditional sources but nowadays, things have evolved and there are many other new and unconventional opportunities.
Number 1: Real estate.
This is property consisting of land and the buildings on it along with its natural resources such as crops, minerals, and more. Africa’s real estate market is a multibillion-dollar opportunity and several new millionaires will build their fortune in this market. In almost every corner of the continent, real estate projects are emerging. The biggest attractions are hotel and office buildings, residential homes and apartments, and shopping malls. The key markets for real estate on every investor’s agenda are Angola, Nigeria, Egypt, Mozambique, South Africa, and Kenya. All of these countries are experiencing a real estate boom like never before. Africa’s large and youthful population and expanding middle class, increasing urbanization, the influx of multinational companies are the key drivers of demand for both commercial and residential real estate. Across the segment of the real estate market residential, official spaces, retail outlets, industrial and hospitality facilities are all in limited supply thus creating an avenue for investors and developers to tap in and benefit from these underserved needs.
Number 2: Renewable energy.
According to World Bank studies, it is estimated that in sub-Saharan Africa only 1 in 3 people has access to electricity. Firewood and charcoal still remain the primary source of energy for cooking endangering the continent fast depreciating forest resources. Across the continents, companies like off-grid electricity and several others are lighting up the continent using solar energy and water to provide low-cost electricity to households lacking them. Solar energy is one of the most attractive businesses in Africa right now. This is because of the significant potential for off-grid solar solutions as the demand is massive. Over 600.000million Africans are tired of waiting for energy from a centrally managed power grid that is inefficient and inflexible to the continent’s growing power needs. Africans enjoy about 300 days of sunlight in many parts. This makes it hard to beat the value proposition of a product that bypasses the central power grid and meets your energy needs by tapping directly from the sun, a free energy source. That’s why the solar market in Africa is booming. In Togo a solar system developer, BBOXX signed a 4million dollars partnership with the government to supply 300,000 homes with off-grid solar kits. This is a business of the future.
Other videos, You'd love watching on our channel.
Richest Countries In Africa: https://www.youtube.com/watch?v=RUbj1CC7IsM
Most Powerful Passports In Africa: https://www.youtube.com/watch?v=pOQSKkTB3Js
Weakest passports In Africa: https://www.youtube.com/watch?v=bdcvwu5ypog
This presentation contains images that were used under the Creative Commons License and Fair use policy. and most clips are licensed through storyblocks
For copyright matters relating to this video or channel, please contact us directly, and we'll remove any video on request: [email protected]
#africa #africaneconomy #topbusinessideasinafrica
8:25
Traders - An Original UBA Docu Series: Alaba International Market Feature
Ever wondered what business lessons you can learn from the renowned Alaba Market?
Join us...
published: 21 Oct 2019
Traders - An Original UBA Docu Series: Alaba International Market Feature
Traders - An Original UBA Docu Series: Alaba International Market Feature
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- published: 21 Oct 2019
- views: 257444
Ever wondered what business lessons you can learn from the renowned Alaba Market?
Join us as explore the world of James Okwuduli, the Founder/CEO, Newcastle Electronics, one of the biggest players at the Alaba Market, the largest electronics market in West Africa.
For the record, Joco James as he is popularly called has also been a UBA Customer for 10 years! 😉
#UBATraders #UBAAt70 #UBA4SMEs #UBA4AfricanEntrepreneurs
3:34
How to make an International Wire Transfer with Bank of America
How to send an international wire transfer – quickly and securely, with Bank of America’s ...
published: 05 Apr 2022
How to make an International Wire Transfer with Bank of America
How to make an International Wire Transfer with Bank of America
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- published: 05 Apr 2022
- views: 87103
How to send an international wire transfer – quickly and securely, with Bank of America’s online banking.
Learn more: bankofamerica.com/WireTransfer
If you are looking to send money to recipients within the United States, please see our other video that explains how to send a domestic wire transfer. https://www.youtube.com/watch?v=XRQeN34e6Do
#OnlineBanking #MoneyTransfer
5:49
How Chipper Cash Made Banking Easier Across Africa And Became A Billion Dollar Company | Forbes
Ham Serunjogi and Maijid Moujaled believed there was a fortune to be made bringing transna...
published: 06 Jun 2022
How Chipper Cash Made Banking Easier Across Africa And Became A Billion Dollar Company | Forbes
How Chipper Cash Made Banking Easier Across Africa And Became A Billion Dollar Company | Forbes
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- published: 06 Jun 2022
- views: 1923776
Ham Serunjogi and Maijid Moujaled believed there was a fortune to be made bringing transnational financial services to Africa's 1.2 billion people. Sending money between countries was extremely difficult and banking systems were very underdeveloped. The two met at Grinnell College in Iowa and came up with the idea for a money transfer app there, but wanted to acquire experience working in the tech industry first.
In the spring of 2018, Serunjogi texted Moujaled, who was working as a software engineer in San Francisco, to say it was time to get going. Serunjogi quit his own job and moved into Moujaled’s studio apartment, sleeping on an air mattress in the kitchenette. The two used their combined savings of less than $30,000 and Moujaled’s ongoing salary as seed capital. They launched a test version of their app in July 2018, letting customers send money from Uganda to Ghana for free. The cofounders took pitches to more than 50 VC firms until, in November 2018, 500 Startups agreed to invest $150,000.
By mid-2019 Chipper Cash was available in Uganda, Ghana, Kenya and Rwanda. It soon expanded to Nigeria, Africa’s biggest market with more than 200 million people, and by the end of the year, it had 600,000 customers. It also introduced a foreign-exchange markup fee of 2% to 5% to start generating revenue. As bitcoin rose from $14,000 to $20,000 in the fall of 2020, Chipper began to let users buy and sell bitcoin and ether, establishing a second lucrative line of business: trading fees. It reached a $2.2 billion valuation in late 2021, with investment from firms including Sam Bankman-Fried’s FTX, Ribbit Capital and Bezos Expeditions. Transactions grew from $200 million in the first quarter of 2021 to $1.6 billion 12 months later.
Read the full story on Forbes: https://www.forbes.com/sites/jeffkauflin/2022/06/06/how-two-africans-overcame-bias-to-build-a-startup-worth-billions/?sh=7d34afa864d5
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13:07
The 10 Richest Countries In Africa 2023
Top 10 Wealthiest African Countries in 2023.
Natural resources, raw materials, precious m...
published: 27 Jun 2022
The 10 Richest Countries In Africa 2023
The 10 Richest Countries In Africa 2023
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- published: 27 Jun 2022
- views: 137924
Top 10 Wealthiest African Countries in 2023.
Natural resources, raw materials, precious metals, and lush land are all abundant in the stunning continent of Africa. With 54 nations and approximately 1.3 billion inhabitants, Africa has a nominal G.D.P of 2.2 trillion dollars. Agriculture, natural resources, and trade are the main economic movers. It continued to be a hub for resources, innovations, and ideas in 2013, when it experienced the fastest growth. By 2050, it is predicted that the African economy would have expanded steadily and will have a G.D.P of 29 trillion dollars, playing a significant role in the world economy. Within the next ten years, the majority of the continent's nations are predicted by the World Bank to achieve "middle income" status, defined as having a G.D.P per capita of at least 1,000 dollars.
Africa's economic development varies greatly by nation and by region, with the variation going beyond culture and trade to include things like historical development, global relations, and substantial resources. So we decided to bring you the top 10 countries where the bulk of this growth is focused. Here are the wealthiest countries in Africa 2022.
Number 10 Ghana: Ghana, a beautiful west African nation, is known for its resource-rich and diverse economy. The nation was the first in sub-Saharan Africa to achieve both the goal of halving extreme poverty and its freedom from colonial authority. Due to its generally favorable business environment, the country has attracted international investment and has seen economic growth of little over 6 percent during the last two years. Nearly 30 percent of Ghana's workforce is employed in the service sector, which accounts for about 50 percent of the country's G.D.P. Agriculture comes in second with a contribution to G.D.P of little less than 25 percent. Natural resources are abundant in Ghana, contributing to the country's economic growth. The primary export of the nation is gold. This is followed by petroleum and together they make up 50 percent of the country’s foreign exchange. Other major exports include cocoa beans, timber, and gold. Ghana has a G.D.P of 74 billion dollars.
Number 9 Tanzania: Tanzania, which is ranked ninth on this list of the richest nations on the African continent, recently made the cut with a G.D.P of over 75 billion dollars. The nation has a lower-middle mixed income economy and is known as the location of some of the most well-known national parks on the continent, including Kilimanjaro. Agriculture accounts for roughly 25 percent of the G.D.P and 50 percent of employment in the nation, which is primarily dependent on it. Industries, which make up about 30 percent of G.D.P and include mining, manufacturing, construction, electricity, natural gas, and water delivery, are a developing sector of the economy. Gold, coffee, cashew nuts, and cotton are the principal exports.
Other videos you'd love watching on our channel:
The Richest cities in South Africa: https://www.youtube.com/watch?v=TIqz56q86mA
The Richest Cities In Ghana: https://www.youtube.com/watch?v=VUHnfFY4ORc
Richest presidents in Africa: https://www.youtube.com/watch?v=QjOo8fzmc54
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8:13
This is Why You Never Mess With a Royal Guard...
Visitors to London are often delighted to see the iconic Queens Guard standing motionless ...
published: 13 Feb 2021
This is Why You Never Mess With a Royal Guard...
This is Why You Never Mess With a Royal Guard...
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- published: 13 Feb 2021
- views: 11811892
Visitors to London are often delighted to see the iconic Queens Guard standing motionless in their red coats in front of Buckingham Palace. While these guards are famous for not moving an inch even when tourists decide to mess with them, don’t let that fool you into thinking they’re just lazy or slow. In fact, the queen's guards are actually one of the most elite, highly trained and secretive soldiers in the entire world. Sure they look like fixtures to the palace, but push them too far or try to interfere with their duty and you’ll learn very quickly why that was a mistake. The elusive practices and duties of these elite, bearskin-clad guards are some of the most tightly kept secrets the English crown holds, but luckily for you we’ve got the inside scoop on these subtle warriors that will change the way you look at the seeming tourist attractions for the rest of your life. Think you can handle knowing the secrets of such an elite group?
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Why you never mess with a royal guard! Featuring the world's most tough and strongest royal guards on earth. You better never mess with the Queens royal guards...
7:26
How Solar Powered Machines are Making Free Water in the Sahara Desert
In the Sahara a breakthrough technology is emerging for drought solutions...
The Sahara i...
published: 14 Aug 2022
How Solar Powered Machines are Making Free Water in the Sahara Desert
How Solar Powered Machines are Making Free Water in the Sahara Desert
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- published: 14 Aug 2022
- views: 613791
In the Sahara a breakthrough technology is emerging for drought solutions...
The Sahara is one of the hottest places on Earth, and is considered the largest hot desert in the world, its an extremely harsh environment receiving less than 1 inch of rain every year.
Despite this 2.5 million inhabitants live within the Sahara, making it one of the least densely populated places on Earth with less than 1 person per square mile, however the desert is advancing.
The Sahara spans across 10 countries and is expanding southward at a rate of 48 km a year, further degrading the land and eradicating the already scarce livelihoods of populations. It is now encroaching on more populated areas within the Sahel region, where 44 million people live. It is said to be 10 percent larger than it was a century ago.
In this region temperatures are rising faster than anywhere else on Earth and since the 1970s it has been affected by severe droughts. This has come at a huge cost: land degradation is currently estimated at about $490bn per year, which is much higher than the cost of action to prevent it.
The Sahara desert is just one example across the world of how our deserts are advancing, and how global climate change is affecting these areas negatively. Its estimated that more than one billion people, one-eighth of the Earth's population, actually live in desert regions and the livelihoods of a further 1 billion people in some 100 countries are threatened by desertification.
Desertification refers to the land degradation in arid, semi-arid and sub-humid areas resulting from various factors, including climatic variations and human activities. When land degradation happens in the world's drylands, it often creates desert-like conditions.
Drylands take up 41.3% of the land surface and up to 44% of all the world's cultivated systems are in the drylands. Water scarcity is the gap between the demand for water and it’s supply, in dry-lands there is a high demand for water despite their being a lack of supply. Water scarcity it is said to affect between 1-2 billion people, most of them living in the drylands.
It is estimated that nearly half of the world's population in 2030 will be living in areas of high water stress and it could displace up to 700 million people. It is for this reason innovators across the world are trying to turn this around.
In this video we will show you how the first ever off grid water production machine is creating water from thin air in the desert, this breakthrough technology is on the forefront of drought solutions helping provide free water for billions of people living in dry land across the world….
For more information on the different solar powered desert water machines, check out the Sunglacier.nl website.
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8:15
What Can $10 Get in Central African Republic?
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published: 28 Dec 2019
What Can $10 Get in Central African Republic?
What Can $10 Get in Central African Republic?
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WOAH this was a crazy fun video to make! Welcome to my 187th country, the Central African Republic. Yes, that means I have just 10 countries left until I finish every country in the world!
Central African Republic is a nation that many people haven't heard of before, so I am excited to be in a position to put it on the map. I've explored the ins and outs of Bangui, the capital city, and it's full of surprises.
Join me in this wild episode budget episode where I show you how many things you can buy with $10 USD (6,000 CFA) in Bangui, Central African Republic.
Share this video with your friends if you enjoyed it!
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My name is Drew Binsky and I am going to all 197 countries in the world. I make daily travel videos about people, culture and anything else I find interesting on the road. My ultimate goal is to inspire you to travel far and wide, because our planet is beautiful!
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Bank of West Africa (BAO)
Banque d'Afrique Occidentale (also B.A.O. or BAO or Banque de l'AOF): (French for Bank of West Africa) bank established in 1901 in Dakar, Sénégal, by French colonial authorities as the central bank of the colonies of French West Africa.
Colonial history
Originally created by the expansion of the Banque du Sénégal (itself created by the French on 21 December 1853), the BAO was later expanded to include French Equatorial Africa to administer the common currency of French West Africa. Although it was a private investment bank, the French government authorized it to print currency, and its board always included colonial officials. It received special concessions and financial stabilisation from the government, and in essence became an arm of the French colonial administration. Between 1941 and 1958, the Institut d’Emission de l’Afrique Occidentale Francaise et du Togo was spun off the BAO to administer the Franc des colonies françaises d'Afrique (FCFA) (25 December 1945).
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Bank_of_West_Africa_(BAO)
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