It’s been an explosive season in the financial industry. Just when some government and experts thought the industry couldn’t shift exponentially, the financial landscape keeps shifting. We are having local fintech leaders ramping up their ambition for global dominance. Yet, most innovations are around payments. Of course, payment is the first step for what’s to […]
Month: September 2021
Data Analysis: in its simplest form
Teach Me Data Analysis Like I’M FIVE. We live in a Data filled world. From the point where one gets off his/her bed, to the moment of return, Data is generated. Being a digital century, the advent of technologies has made Data generation more rapid. It is not enough to generate Data. As a matter […]
Cryptocurrencies: Official Digital Currencies vs Parallel Market Currencies
The debate on the future of money is not about inflation or deflation, fixed or flexible exchange rates,gold or paper standards, but about the kind of society in which money is to operate. – Georg Simmel, German sociologist What is a parallel Market? A parallel market is an unofficial market in goods or currencies, especially […]
NFT: Could This Be The Next Generation Side Hustle?
Even if you hate or don’t understand NFTs, it’s worth paying attention to. Non-fungible tokens (NFTs) are the hottest trend for the past couple of months. We talked a bit about NFT in Tokens: Next Generation Capital.
We are seeing headlines about people making tons of money from selling NFTs. Many of us still don’t really understand what an NFT is. The creator of Bitcoin would have probably never guessed that the world would trade digital assets as NFTs. NFT is the latest trending iteration out of blockchain.
Payment Innovations Government of Developing Economies Could Endorse
Technology adoption is rapidly increasing. The activity most affected by technological innovation and adoption has been payments. Money has taken many forms from objects like seashells, precious metals, paper, and now digital currencies, all to handle obligations between parties. Merchants are no doubt the lifeblood of economies. And one language every merchant speak is “payment”. The pandemic has accelerated the transformation of payments, with many countries looking into upgrading real-time gross settlement systems.
Tokens: Next Generation Capital
85% of central banks are considering digital currencies. The tedious process, overhead costs, and other costs associated with paper currency prohibit financial inclusion and explosive innovation in the financial market and economy at large. Digital currencies unlock broader possibilities for the unbanked and those excluded from the financial market. An area worth looking into is […]
DeFi Dominion: Could this be the future of Investment Capital in Africa?
Centralized finance (CeFi) has dominated the financial market since the digitization of finance. We have had to succumb to expensive financial intermediaries who bury us in paperwork and elusive operations. This impediment has spurred the blockchain/cryptocurrency movement and its growing army of devotees. Decentralized finance (DeFi) is the latest iteration of this movement. DeFi sudden and loud growth from zero to a $100 billion market is putting traditional finance off the rails. It’s too early to say that DeFi will have dominion but it’s worth paying attention to. Central banks that banned cryptocurrencies are now coerced to regulate them.
Debt: The Face Behind The Currency
faith, while being oblivious of its elusive repercussion to society. I believe a deeper understanding (that is not obvious in textbooks) helps us in proffering more sustainable solutions to our society. I will share two illustrations of the elusive nature of money.
Elusive Innovation: A Tale of a Community
There existed a thriving community where the people happily display their yams, eggs, tomatoes, chickens, and corn on their market days.
Whenever there was a storm that damaged the roof of any of the dwellers the people easily volunteered to help, knowing that if they themselves had a problem one day, others would come to help them. No currencies ever exchanged hands.
One market day, an elegantly dressed stranger with a black leather jacket came
Opportunities for The African Youth:: The Continent’s Great Asset
Research asserts that Africa’s population is the youngest in the world. Almost 60% of Africa’s 1.4 billion population is under the age of 25. According to the Mo Ibrahim foundation’s report – In 2020, Africa’s population under 35 represents almost a billion people (540.8 million 0-14 year olds and 454.5 million 15-34 year olds), amounting to 22.7% of the world’s total youth population, the second largest after Asia’s (58.0%). Africa’s youth is one of its greatest assets. However, the continent struggles to train its youth with the necessary skills required to service the African economy.