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Akon To Build ‘Real-Life Wakanda’ Using A Currency Called AKoin

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Akon says he’s planning to release a new cryptocurrency named after himself – called Akoin.
Speaking at the Cannes Lions Festival on Monday, the Locked Up singer said he believed cryptocurrency could be “the saviour of Africa”.

AKoin’s official website says the singer wants the app “on every mobile phone” between now and December.

And Akon says he’s also planning to build a “crypto city” in Senegal which he calls “a real-life Wakanda”.

Just like the fictional land of Wakanda in Marvel’s Black Panther, Akon promises says his city will be a “futuristic environment”.

The website says Akon has been “gifted” 2,000 acres of land by the President of Senegal to build the city – which is also named after himself.

Akon Crypto City will apparently be “a short drive” from Dakar, the capital of Senegal.

He calls it “the first 100% crypto-based city with AKoin at the centre of transactional life”.

Under the “Akoin Ecosystem”, consumers will be able to buy, hold and spend cryptocurrency straight from their smartphones.

“It brings the power back to the people and brings the security back into the currency system,” Akon explained.

“It also allows the people to utilise it in ways where they can advance themselves and not allow government to do those things that are keeping them down.”

However, Akon admitted he didn’t know all the technical aspects of his new venture.

“I come with the concepts and let the geeks figure it out,” he said.

What is cryptocurrency?

Cryptocurrency is a digital or virtual currency that operates independently from a central bank.

It uses cryptography (the conversion of information into an almost uncrackable code) to secure and verify transactions.

This makes it extremely difficult to counterfeit.

The AKoin website

The first and probably most famous cryptocurrency is Bitcoin, which was created by an unknown person using the name Satoshi Nakamoto in 2009.

Several celebrities have endorsed or invested in cryptocurrency, including Katy Perry, 50 Cent and Ashton Kutcher.

Akon’s others ventures in Africa

AKoin is one of many projects Akon has announced in Africa.

While he was born in Missouri, Akon is of Senegalese descent and spent much of his childhood there.

In 2007 he co-founded the Konfidence Foundation, a health and education charity for underprivileged children in West Africa and the United States.

He also co-founded the Akon Lighting Africa project in 2014, which Akon’s site says has brought solar power to 18 African countries so far.

Source; BBC

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Ghana’s Roberta Annan To Launch €100 Million New Investment Fund For Africa At 2018 Paris Peace Forum In Partnership With UN ITC & EU

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On November 12th 2018, the Ethical Fashion Initiative alongside African Fashion Fund and the European Commission (EC) will launch a ‘one hundred million euro fund’ (100million) the Impact Fund For Africa (IFFA) a new investment fund supporting African creatives working in the fashion and lifestyle industries.

Launching in Paris during the Paris Peace Forum, an initiative by French President Emmanuel Macron, with the attendance of over 84 Heads of States, The United Nations Secretary General and many dignitaries, the proposed fund will address the investments needed to leverage the power of creative and cultural industries to expand the social capital of Sub-Saharan African countries and thus contributing to the United Nations Sustainable Development Goals, as well promote inclusive growth in these economies.

The Impact Fund for Africa (IFFA) will be managed by Roberta Annan Capital Partners (RACP) with members from the EFI serving as non-exec board members and managing the sustainability committee, which will contribute to the mobilisation of private capital for the financing of investments in support of the African creative and lifestyle industry.

For over ten years the Ethical Fashion Initiative (EFI) has invested in refining production systems that enable production with community groups of micro-entrepreneurs in target countries. Working in the luxury and lifestyle sectors supporting international companies such as Vivienne Westwood and Stella McCartney source high-quality and ethically-produced artisanal goods from some of the developing world’s most difficult environments.
AFF Founder, Roberta Annan says: “I am thrilled about this partnership with the EFI and the EU. I believe it will give African brands the indispensable funding and resources to participate competitively in the global fashion economy.”

EFI Chief Technical Advisor, Simone Cipriani says: “We are incredibly excited to launch this investment fund for Africa knowing the direct impact this investment will have on the growth of creative industries in Sub-Saharan Africa. To launch this at the Paris Peace Forum is fitting – ethical work, provides an alternative path for hundreds of thousands of people living in poverty, while lifting the continent’s vibrant creative sector.”

Showcasing the direct impact and potential of the fund, the fund will be launched on the 12th November (15:15-16:00, Press Room) with the presence of Ms. Roberta Annan, Managing Partner of Roberta ANNAN CAPITAL PARTNERS, Founder of the African Fashion Fund (AFF) and M. Simone CIPRIANI, Founder and Chief Technical Advisor of the Ethical Fashion Initiative (ITC). This launch will include a unique fashion show featuring three leading African designers on the 13th November (13-13:30, Agora), immediately followed by an interactive press-pitch led by Ms. ANNAN and Ms. Marjeta JAGER, Deputy-Director of the Development Office for International Cooperation (EC). The African designers selected to present their work are:

• Duaba Serwa – a contemporary Ghanaian fashion brand founded in 2011, the brand has been featured on CNN, Forbes, Vogue Italia and Deutsch Welle;

• Sophie Zinga – a socially conscious womenswear brand featuring hand-woven Senegalese cloth and semi precious stones;

• Chocolate by Kwaku Bediako – A Ghanaian fashion brand which draws inspiration from the rich Ghanaian culture, lifestyle, taste and preferences.

The chocolate brand has grown rapidly in this past few years due to detailing, passion to become the best custom made menswear fashion brand in Ghana.

Allocations for the proposed fund will come from private business and institutional sectors (family offices and foundations), with a component of seed funding and guarantee instruments from the EU and other international organizations. The private capital will be mobilised by EFI and AFF through institutional investors and private companies that will participate in investments. The fund seeks to create an investment potential to cover the gap between public intervention and business reality in the creative and fashion sectors of Sub-Saharan Africa.

About African Fashion Fund (AFF)
The African Fashion Fund (AFF), part of the Roberta Annan Capital Partners (RACP), focuses on education and capacity building for African brands. RACP is a registered Mauritius Company with subsidiaries to be registered in the Netherlands, United Kingdom and Luxembourg. RACP focuses on Wealth Management and Impact investments. It has an Impact Investment portfolio, Frallain Group, a UK registered entity that provides risk capital to African brands and incorporates social iimpact within their brands ethos, providing a platform with industry experts in fashion, sales and distribution, PR and communication for the commercialization of these brands.

About the Ethical Fashion Initiative
The Ethical Fashion Initiative is a flagship programme of the International Trade Centre, a joint agency of the United Nations and the World Trade Organisation. The Ethical Fashion Initiative enables artisans living in urban and rural poverty to connect to top luxury lifestyle brands. The Initiative also works with the rising generation of fashion talent from Africa, encouraging the forging of fulfilling creative collaborations with artisans on the continent. The Ethical Fashion Initiative projects in Burkina Faso, Mali, Afghanistan are funded by the European Union. 2019 will mark the beginning of a new and innovative project, in Central Asia, East and West Africa.

About the Paris Peace Forum
The Paris Peace Forum is an independent NGO, formed in 2018 after the original impetus came from President Macron in the summer of 2017. The first edition of the Paris Peace Forum (11-13 November 2018) will be inaugurated by Heads of State and Government, or their representatives, from the 84 countries invited by the President of the French Republic to participate in the commemorations alongside other political leaders invited for the occasion

For more information
For more information
ITC Ethical Fashion Initiative
Chloé Mukai E: [email protected]
W: www.ethicalfashioninitative.org
F acebook: ITC Ethical Fashion Initiative
Instagram: @ethicalfashion
Twitter: @_ethicalfashion

African Fashion Fund
Bose Anaboye E: [email protected]
W: www.africanfashionfund.com
Instagram: africanfashionfund
Twitter: FashionFundAFR

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Rigworld Supports Adeiso Community To Build Church

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Rigworld, a Ghanaian owned oil and gas company has come to the aid of Asuotwene, a Community in the Adeiso District of the Eastern Region to build a place of worship for community members.

The 500-seater capacity building which is called Trinity Congregation of the Presbyterian Church of Ghana (PCG) was built to commemorate the 90th anniversary of the Church which has become a place of reforming members and imbibing good values useful for the community and national development.

Rigworld which was founded in 2011 to provide a comprehensive range of solutions for the oil and gas industry; manpower, logistics, equipment sales and rentals undertook the project as part of its objective to contribute actively to meet the desires of communities as underpinned with their corporate social responsibility initiatives in the country.

In appreciating the efforts of Rigworld, the Church and community during the 90th anniversary of the congregation presented a citation to honour Rigworld for their great impact towards the construction of the church building.

Portions of the citation read, “Even in the face of harsh economic conditions and tight corporate budget, you lived up to your promise to give members of the congregation a befitting place of worship. By this gesture, you did not only give us a big place of worship but also shortened a journey of over ten years to three years and uplifting the image of the congregation, both physically and spiritually.”

It further said “For your immense support of God’s work, the Trinity Congregation-Asuotwene of the Presbyterian Church of Ghana honours you with this citation as a symbol of our deepest appreciation for living up to your promise.”

Source: NewsGhana.com.gh

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Meet The Young African Visionaries Who Made The 2019 Forbes 30 Under 30 List

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Get familiar with some of the names on the 2019 list.

Forbes magazines yearly 30 Under 30 list is here, and just like last year, a number of young African visionaries have made the list.

The list recognizes accomplished young people in the areas of media, art & style, food & drink, education, science, music, sports, healthcare and a number of other industries.

Here’s how the magazine described this year’s selection process:

The list features 600 trailblazers in 20 industries. Choosing these honorees among thousands of nominees is long and daunting, a three-layer process that relies on the knowledge and authority of our wide-reaching community, skilled reporters and expert judges. The final product: a collection of bold risk-takers putting a new twist on the old tools of the trade

This year’s arts & style section includes 20 year-old Nigerian born fashion designer Taofeek Abijako, the creator of the menswear brand Head of State+, as well as 28-year-old Nigerian artist Kayode Ojo.

Ghanaian-American computer scientist and digital activist Joy Buolamwini (28) represents in the enterprise and technology section. She’s the founder of the Algorithmic Justice League, which identifies biases in algorithms. While 29-year-old Sally Nuamah, a Ghanaian-American professor at Duke University earned a spot in the education section for her accomplishments in the field.

The Nigerian co-founders of Helium Health, a company turning hospitals across West Africa digital were recognized in the healthcare portion of the list. The 25-year-old Nigerian founder of Lightning Labs, Olaoluwa Osuntokun (25), is named in the finance section.

Malawian-American policy advisor, Michelle Mbekeani (29) also made this year’s list. Born in Libya to Sudanese parents, senior copywriter at Droga5 Nedal Ahmed (29), makes the list in the marketing and advertising section.

Shamrock Frimpong (27), the Ghanaian social entrepreneur behind the Cocoa360 is also included on the list.

Twenty-three year-old Nigerian-Greek basketball player, Giannis Antetokounmpo, who plays for the Milwaukee Bucks is also on the list.

Shadrack Frimpong became the first person from his village in Ghana to attend college in the U.S., earning a full ride to the University of Pennsylvania. There, he won the $150,000 President’s Engagement Prize and started Cocoa360. It has pioneered the ‘farm-for-impact’ model, using revenues from community cocoa farms to fund educational and healthcare services. In less than 3 years, it has cared for 3,000 patients and currently educates 120 young girls.

Congrats to all the young honorees! You can see the full list here.

Source: Okay Africa

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Ms. Caroline Esinam Adzogble Launches The 100 Laptop Giveaway Project To Aid Students And Young Entrepreneurs.

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BBC Featured, 26-Year-old Caroline Esinam Adzogble an educationist and technology Entrepreneur months after launching her 1$ Million Dollar Scholarship Scheme, is launching her 100 Laptop Give Away Project to bolster efforts to provide quality education across the continent and also equip young innovators and entrepreneurs with the needed tools to create solutions for the continent.

The project was launched out of the huge demand Ms. Caroline received through her MAKE A WISH campaign on social media. MAKE A WISH is Ms. Caroline’s random acts of kindness scheme where she grants the wishes of her followers by providing them support where they need it the most.

The highest number of requests that came through the MAKE A WISH scheme was for laptops to aid in education and work and hence the decision to establish this new scheme to provide as much support as she can in that area.

 The Scheme is a free and fair process of randomly selecting 100 applicants who have gone through the application criteria and process and duly joined the Mercy Heart Global Citizens Community. The Project is funded by Ms. Caroline in partnership with her Mercy Heart Foundation.

 Applicants are expected to

              SEND  NAME, NUMBER AND LOCATION TO [email protected]

              JOIN the MH FACEBOOK COMMUNITY – https://www.facebook.com/mhglobalcitizens/

              Join The Whatsapp Community – Mercy Heart Global: ‎Open this link to join my WhatsApp Group: https://chat.whatsapp.com/KUELVy7E9ev0NrXOGHeJ5N

              Remain Active Members of the Community to have access to the give Away.

 Winners will be announced in batches of 10s each other week from the launch of the project. An excited Caroline remarked

“It has always been a dream to be able to equip as many young people as I possibly can and so when we identified the need, I had to do something about it. I am excited that we get to not just do this one time and walk away but to also establish a community around the concept of giving and kindness to spur the needed change we so desire. The MH Global Citizens Community is dear to my heart and I can’t wait for its citizens to experience what we have in store for them.” 

THE MERCY HEART GLOBAL CITIZENS COMMUNITY is a robust community of some of the most driven and innovative young Africans across the Globe, powered by a culture of kindness and philanthropy and led by ace Educationist and one of Africa’s most powerful female Entrepreneurs. Ms. Caroline Esinam Adzogble.

The Community is funded and sponsored by the Mercy Heart Foundation and Ms. Caroline Esinam Adzogble.

Mercy Heart Foundation was created to make education accessible and affordable to all. We are a nonprofit organization that promotes closing opportunity gaps by expanding excellence and equity in education for students of all color and those from low-income families from pre-kindergarten through college.

Through research and advocacy, the organization builds and engages diverse communities that care about education equity, increases political and public will to act on equity issues, and increases education access and completion for historically underserved students.

The foundation earlier this year launched the Caroline Excellence Awards that is set to award 100 students with partial and full scholarships to study in Top Universities across the Globe. Winners of the scholarship scheme will be announced in January 2019.

 

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