2017 Nielsen Africa Country Rankings: Nigeria, Kenya and South Africa Still Key Investment Hubs

  2017 Nielsen Africa Country Rankings: Nigeria, Kenya and South Africa Still Key Investment Hubs   Manufacturers and retailers seeking to stay one step ahead in Africa’s complex markets need to move beyond ‘business as usual’ – they simply cannot keep doing the same things and expecting a different result. This is the latest insight…

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Global Crypto-Currency Crackdown Sparks Search for Safe Havens

  Global Crypto-Currency Crackdown Sparks Search for Safe Havens When U.S. entrepreneur Bharath Rao looked around for the best place to raise money for his crypto-currency derivatives trading business, the United States did not make his list. Instead he chose the East African island nation Seychelles to sell the trading platform’s tokens. Rao, a San…

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DR-Congo and Two Miners in Legal Tussle as As Global Price of Cobalt Rises 86%

    DR-Congo and Two Miners in Legal Tussle as As Global Price of Cobalt Rises 86% KINSHASA – An attempt by Congo’s Gecamines to profit from the boom in battery metals has backfired, leaving the state-owned miner facing two international court actions and halting cobalt production at a key mine. Gecamines blocked its 16-year partner GTL’s access to the cobalt site in the southeastern…

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Central Bank Chiefs On Edge, Poised to Embrace Bitcoin As It Rockets Through $10,000

  Central Bank Chiefs On Edge, Poised to Embrace Bitcoin As It Rockets Through $10,000 While central banks remain on edge wondering whether Bitcoin and other cryptocurrencies are a bubble or breakthrough, Bitcoin’s vertiginous ascent is no signs of abating. On Monday, November 27, 2017, the king of cryptocurrencies soared to another record high just…

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Why Nigerians Distrust Online “Black Friday” Deals, But Flock to the Stores

  Why Nigerians Distrust Online “Black Friday” Deals, But Flock to the Stores   While being one of the numerous skeptics about Black Friday in Nigeria, new mom, Victoria Feyikemi, kept refreshing the pages of leading e-commerce sites, Jumia and Konga, in search of the best offers for baby monitors. Eventually she gave up when…

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The Crocodile and an Economic Wasteland: What Mnangagwa Must Do to Revive Zimbabwe

    The Crocodile and an Economic Wasteland: What Mnangagwa Must Do to Revive Zimbabwe Emmerson Mnangagwa NAIROBI – When Emmerson Mnangagwa takes over from Robert Mugabe as Zimbabwe’s President on Friday, he’ll inherit an economic wasteland that will take years and a complete reversal of some of the government’s signature policies to set right. Among Mnangagwa’s key challenges will be…

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Alibaba’s Dominance of China’s (and Global) e-Commerce Market

  Alibaba’s Dominance of China’s (and Global) e-Commerce Market Billionaire investor and Trump gadfly Mark Cuban tweeted at the U. S. President Donald Trump Wednesday, 22 November 2017, asking if he knew how big of an impact a single Chinese company has had on the U.S. stock market. Cuban asked Trump if he realized that…

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If You Tax The Rich, They Won’t Leave: US Data Contradicts Millionaires’ Threats

  If You Tax The Rich, They Won’t Leave: US Data Contradicts Millionaires’ Threats Does raising taxes on the rich really trigger their migration to more obliging states or countries? This study of every million-dollar earner in the US shows otherwise   Cristobal Young Monday, 20 November 2017  In the classic Ayn Rand novel Atlas Shrugged,…

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Fintech Disrupters Are Thriving in Nigeria; Ready for the Next Level

  Fintech Disrupters Are Thriving in Nigeria; Ready for the Next Level   Background: FinTech 1.0, from 1866 to 1987, was the first period of financial globalization supported by technological infrastructure, primarily transatlantic transmission cables. Then the second wave from 1987–2008, Fintech 2.0, during which financial services firms increasingly scaled to paperless processes. Since 2008, a…

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