Introduction The Ponzi scheme! Ponzi scheme?! Hearing this group of words, one could either think of the famous pyramids erected by the kings of Egyptian civilization during antiquity and that Ponzi is a king of this distant and extinct civilization; or believe that the Ponzi pyramid is a complex geometric
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CLIMATE FINANCING: WHAT WORKS FOR NIGERIA
INTRODUCTION The UNFCCC (United Nations Framework Convention on Climate Change) 2015 in Paris agreed to open a new framework in Climate Change conversation which was termed Climate Finance, Policies, and Markets. Climate finance is the planning, sourcing, acquiring, and utilizing of monetary resources to reduce emissions and enhance sink gases.
Ethiopia’s Garment Factory Workers: the Worst Paid in the World
Workers in Ethiopia’s clothes factories earn $26 a month, the worst paid in the world. That is according to a recent report by New York University Stern Centre for Business and Human Rights. The report is based on the Hawassa Industrial Park, Ethiopia’s flagship industrial park supported by the government.
The Advantages of a Bank Account
In 2014, two in every three people in Sub-Saharan Africa did not have a bank account. Since then, more and more people have opened bank accounts. For example, in Kenya in 2017 four in every five people held bank accounts. However, many people still only use cash. Although there is
Should my Country Take out a Loan to Help its Development?
For a country to develop, it is important for them to have enough money to invest in important programs. To help those less developed countries get the money they need, international groups like the and the were created. They offer loans, often under the condition that (SAPs) are carried out.
Chinese Investment in Africa: What is the Economic Impact?
Chinese investment in Africa has increased in the last decade. Ten years ago, China invested $90 million into four production projects. In September 2018, P, the leader of China, announced plans for a further $60 billion in financial support for Africa. The economic impacts have been positive in many areas,
Are Social Media Taxes Good for the Economy? (Uganda)
Internet usage is growing rapidly across Africa, with over 20% more internet users in 2018 than in 2017. Consequently, many African countries are introducing taxes on different internet services. In July 2018, Uganda became the first African country to introduce a tax on using social media. HOW DOES THE UGANDAN
Can Bitcoin Help African Individuals and Businesses?
Currently, 350 million people in do not have a bank account. As a monetary technology which has the potential to improve businesses and commerce, can provide solutions to this. Bitcoin can remedy issues for individuals, and help connect them with businesses. WHAT IS BITCOIN? Bitcoin is often described as a
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