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Blockchain Investments in Africa Soars in First Half of Year

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Here's A List Of Top 5 Cryptocurrencies To Consider

The Blockchain ecosystem in Africa has continued to be on the rise as the adoption of cryptocurrency continues to soar in Africa. Blockchain companies in Africa have raked in $304 million in funding in the first half of the year.

According to reports by the African Blockchain 2021, funding grew by 1,668 per cent, rising from $5.1 million to $91 million between Q1 2021 and 2022.

The report also explained that the lack of common legacy financial systems and an enormous population, primarily unbanked citizens contributed to the popularity and growth of cryptocurrencies on the continent.

Nigeria, Kenya, and South Africa have received the largest venture capital inflow of cryptocurrency. Crypto-centric payments too have been growing, surging by 1,200 per cent between July 2020 and June 2021.

Commenting on the trends, Ian Putter, Standard Bank’s Head Blockchain COE and Blockchain Research Institute Africa Regional Director, Ian Putter said, “Countries like South Africa, Kenya, Nigeria, and Ghana have seen a rapid uptake of crypto assets to access more efficient payment trails provided by blockchain networks and yield returns on income with assets like Bitcoin or stablecoins pegged to the value of the US dollar.”

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Analysis

Manchester United, Big Spenders, Same Result

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Manchester United, Big Spenders, Same Result

English Premier League club, Manchester United has prepared €100 Mn fee for Antony Matheus dos Santos, as they remain one of the biggest spenders in football.

Since the retirement of Sir Alex Ferguson 9 years ago, the club has spent over £1 Billion in transfer fees and has won just 4 trophies.

With the completion of Antony’s deal, Erik ten Hag’s team would be the number one spender in the transfer market this summer with an expenditure of around €243 Million.

In a bid to rebuild the team, the Manager has signed some big names in football, acquiring, Casemiro for €70.65m, Martinez for €57.37m, and Tyrell Malacia for €15.00m.

READ ALSO: Manchester United Confirms Rangnick Exit From Club

According to sports reports, the Red Devils have shown interest in Super Eagles striker, Victor Osimhen, as they are ready to pay a fee of €140m before the window closes.

Manchester United was only able to make €11.50m after the departure of 11 players, with some leaving as free agents.

List of big signings for Man United that did not live up to expectation;

The club’s captain and record fee defender of a fee of £80m, Harry Maguire has failed to provide the defensive rock that the team needs. ETH has excluded him from the starting 11, as Martinez has picked up the role, with Bruno Fernandes assuming the captain role.

Paul Pogba remains United’s record fee signing, after paying the sum of £89m to Juventus. The midfielder has not had a consistent season, returning to the Seria A club after a failed campaign at Old Trafford.

READ ALSO: Manchester United Confirms Rangnick Exit From Club

£75 million Romelu Lukaku started well for the 21-times EPL champions but struggled to find his footing at the end of the campaign. The club would sell to Inter Milan in which the Belgian performed brilliantly.

Full-back, Aaron Wan-Bissaka has been inconsistent since acquiring the Englishman for a fee of £50m. He currently sits out of the United’s first eleven.

Scoring thrice in his first five matches, Angel Di Maria failed to continue the form for the Red Devils. His £59.7 million fee was not repaid back in results.

Current form of the club;

Manchester United started the campaign poorly, losing the first two games to Brighton and Brentford. The club would pick form against Liverpool, winning rival 2-1, and in EPL game week 4, won their first away game after 7 straight losses.

5-times Balon d’Or winner, Cristiano Ronaldo, who is still searching for a club in a bid to play in the UEFA Champions League, has not been able to make an impact for United. He is constantly left out of the club’s starting eleven.

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Analysis

5 Things To Know About Late Complete Sports Founder Sunny Ojeagbase

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5 Things To Know About Late Complete Sports Founder Sunny Ojeagbase

Complete Sports founder, Sunny Ojeagbase has passed away. He was 71.

The media entrepreneur, according to a statement signed by his son, Julius Ojeagbase, passed away on Saturday, 26 February 2022, in Atlanta, in the US state of Georgia after a brief illness.

Newsrand presents below the five things to know about the deceased

  • Dr. Sunny Obazu Ojeagbase was born on 31st December, 1950 in Oshogbo, Osun State.
  • He attended St. James Primary School, Oshogbo in 1962 but could not proceed to secondary school due to his poor background. Afterward, his father advised him to learn a trade, so he tried his hands on different skills. From being a mechanic to learning short-hand and finally, printing which he learnt for five years.
  • At the time, the civil war was on, so he applied to join the Nigerian Army and was enlisted.
  • After being discharged from the army, he enrolled for General Certificate Examination (GCE) and he passed. Ojeagbase holds a Diploma in Mass Communication from the University of Lagos. 
  • He started freelancing with Herald Newspaper as a sports writer and later to Daily Times as sports reporter in 1979. He also worked with The Guardian, New Nigeria Newspaper and Concord Group of Newspapers.

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Analysis

Long Queue Continues In Fuel Station In Abuja, Lagos, In Spite Of FG Promises

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Long Queue Continues In Fuel Station In Abuja, Lagos, In Spite Of FG Promises

Long queues continue to persist in fuel station in some states, despite the Federal Government assurances that the scarcity would end before the end of last weekend.

Abuja, Lagos, Oyo, and Ogun states, according to findings are among the states with fuel scarcity and long queues.

Petrol marketers were warned by the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, against hoarding, or selling above the official price.

READ ALSO: Putin Orders Military To Put Nuclear Forces On Red Alert

Mike Osatuyi, Independent Petroleum Marketers Association of Nigeria, IPMAN’s National Operation Controller has disclosed that his members were still finding it difficult to source the product from depot owners.

According to him, independent marketers are still sourcing petrol at N190 per litre, against the government’s N148 per litre regulated price, thus making it difficult for them to sell at the N162/N165 per litre regulated price.

Consequently, many of their outlets were seen shut, while long queues of automobiles took over all available space at the stations.

In Abuja, queues at Fuel station grew longer at the weekend as the impact of supply disruption entered the third week, despite assurances of quick resolution by the Federal Government.

Chaos in the Nation’s capital as motorists struggled to get into few filling stations dispensing petrol.

As expected, while motorists had difficulty in purchasing petrol, black markets openly hawked the product in kegs, with price ranging from N350 to N400 per litre.

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