Blockchain(Image credit: Datafloq)
What is the long term plan for Africa & African businesses as far as the future of Blockchain/ Fintech businesses are concerned? Are we again thinking ‘what is in for me’ just as it has often been the case when African countries try to outsmart each other on economic agreements, instead of going on the table as a block with a common agenda? Some of us think we have to get our acts right this time with a long playbook to protect home grown startups with some deliberate plans.
Why should it all be about competition rather than collaboration and looking at each step from the perspective of how it will turn things around for the continent this time around? The influx of Chinese (blockchain) businesses being greeted with the kind of effusive praise-singing that could make a canary bird blush is indeed funny and absurd since we’ve conveniently forgotten that we can’t eat our eggs and have it.
The examples of Houbi, Binance, OkEX and all other Chinese based exchanges reveal that not one single African plays any C-Level roles including CFO, COO, Head of Product or even any key insider role for that matter. Instead we see them exploiting Africans, throwing a few dollars at them and giving them saccharine titles like Director of Innovation, Labs, Hubs, Ambassador etc., and using them to gather intels on how to optimize their businesses. When it’s all said and done, these companies leave the continent with nothing but capital flight.
Contrast this scenario with what’s obtainable in companies/startups like Coinpesa, BitFXT, Kudi Exchange, Kurepay, KuBitX and many others who have Africans as core key officers. Whether they recognize it or not, their success is for the continent as a whole and can help trigger a wave of advancements cutting through several spheres from business Incubation to financing and many more. It’s no different from the ascent of Silicon Valley, The Shark Tanks, and Dragon Den.
Let any African successful blockchain project with millions try the Chinese market, if you will not be forced to rather join an existing business in partnership or be whisked away with watertight rules; all to ensure they protect their business environment. So why do we gleefully allow ourselves to be used and dumped by destroying smart entrepreneurs who are doing everything on their own by fronting everyday for Chinese brands with the same services. when we could be advancing the interests of our people?
Homegrown companies like BitFXT, Kudi Exchange, Kurepay, KuBitX, etc. providing one smart solution or the other are being discouraged by industry players and stakeholders in the African market who have chosen to push the Chinese agenda rather than back theirs.
Africa needs blockchain more than any other continent. The joke is on us if we cannot devise a deliberate plan to force these so called big brands into partnering with local brands in each market they seek to enter rather than allowing them roam free and making it impossible for homegrown brands to stay competitive. Failure to regulate these foreign companies will leave us at the losing end because of limited funding problems prevalent in the local market.
We all need to pause and ask ourselves the tough questions and identify our WHY in 3,5,10 years time when this has become a major economic shift. The narrative needs to change with smart thinking on how we can reposition the continent by helping those (Africans) who have invested all their resources into making the market ready to scale with the right synergies local or foreign which can push our continent and help accelerate economic growth.
Yes there is poverty & scarcity which has pushed many into survival mode and its attendant self-sabotaging actions without any consideration of the long term effects. But if Africa is to achieve its destined greatness and earn a sit at the table in global economic affairs, we cannot continue to live with this scarcity & survival mentality that has continued to drag us down into oblivion and will continue to do so if we refuse to think beyond the present.
Some of us are very bullish about changing the narrative. We don’t care about how it will cost us and will never settle for less and sell our conscience for peanuts. It’s a simple but potent universal rule at play. Value yourself and others will be attracted to your value. When the foundation is weak, every other part is affected. Let these be a clarion call to these big groups and stakeholders who have in the past years created an attractive and congenial market environment, to come up with sane regulations to guide the influx of foreign brands and how we engage them.
We need to push an Africa agenda through regulatory framework. and stricter antitrust laws just as we have in other climes to protect startups in the blockchain space. SIBAN, Blockchain User Group, Kenya Blockchain Association etc. must act now or be left as white elephants with no influence.
No doubt we need the big players but it should be based purely on mutually beneficial partnerships that puts Africa first just as in top economies of the world like China. The African market needs to slow down the rate it adopts and buys into imported brands that have no regards for collaborative practices. We can’t keep up the pretense by allowing them to just come in with their financial war chest and crowd out indigenous ones, who are doing everything with no government or institutional support, lest we’ll be shooting ourselves in the foot. We need more collaboration for a win-win.
China supports their startups. If we decide to go the free market way especially in this fast growing revolution, there will not be any business for our continent as far as decentralization is concerned. Remember, the game of the future is all about who controls DATA and China has a long playbook to control data. Someone needs to rise up to the occasion and be the proverbial hummingbird.
The Chinese and everyone else are only interested in exploiting Africans. Everyone comes to Africa to milk; only Africans struggle to do anything meaningful in other foreign markets literally. Today we have ACFTA, and again, it will be a mistake, if we don’t have a playbook on how we seek to build the business sector with our smart ambitious minds scattered across the continent.
I have grown to see Africa lagging behind with glorious titles of consumers and laggards with almost all the major disruptive technologies from early days of TV, Internet,Email, E-Commerce, Mobile Phone, Social Media. All the above,there were some proprietary rights to use or own, we do not have any more excuse this time to take advantage of the 4IR, especially Blockchain.
In simple terms,Blockchain is not a proprietary asset to any particular race, it is, in my opinion first to be floated to the world for anyone to leverage and leapfrog in advancing the activities of life. Africa is over 100 years behind the pace of development as compared to Europe, America and most parts of Asia.
For us to triple our continent development, we need to be more deliberate and use technology and innovation as a tool to catch up. It is estimated that, Africa will have more population by 2050 with cities such as Lagos, Kinshasa, Addis, Delisalem etc being the most populous globally.
This can be a social misfit or economic strength for Africa, if we step up our game with a different approach to what we have been doing in the last 100 years.
I am an optimist who believe in our collective reawakening to build the next Africa, where the son of a nobody can rise through hard work, dedication, commitment, honesty, openness, being compassionate and empathetic to become the Steve Jobs, Bill Gates, Mark Zuckerberg, Jeff Bezos, Elon Musk and Jack Ma of this world. The simple truth is there is a need for a mindset shift from survival and scarcity instincts to an abundance mentality with focus based on value than the short gain route.
This Time is Africa and only Africans truly have the ultimate interest of Africa.
By Eric Annan – Pan African Entrepreneur on a mission; changing the narrative.
AOC dazzles visitors with a special game room at GITEX Technology 2021
AOC Sales Director Middle East & Africa, Carol Ann Dias (Image: Hazem Abed)
AOC, the world’s leading manufacturer of computer monitors, highlights its presence at GITEX Technology Week 2021 through their authorized distributor, Hiperdist. At GITEX, AOC is showcasing a special game room where visitors can get try out the latest lineup of gaming monitors, some of which are made for professional e-gamers.
“Being one of the largest information technology exhibitions not just in the region but the whole world, AOC would not want to miss the opportunity to participate at GITEX 2021,” said Carol Ann Dias, Sales Director Middle East & Africa at AOC. “More than making our presence felt at the show, we are now focusing on emerging markets which is why we have partnered with Hiperdist due to their strong presence in the MEA region,” she added.
Some of AOC’s well-known monitors that include the Agon and the G2 line up are all on display at GITEX. Where visitors are encouraged to try out the new displays that offer some of the best technologies that make it fit for the gaming crowd.
Already a top choice by gaming professionals, the AGON AG352UCG6 features a 35-inch display with a 120HZ refresh rate. The curved design supports a WQHD (3440 x 1440) resolution that has 2.4x more pixels than a standard widescreen monitor. It also features a lighting panel at its rear which can be customized in colours of red, green or blue.
Also on display is the AOC C27G2 gaming monitor that comes in a 27-inch size with a 165Hz refresh rate. There’s also a 1ms response time for more accurate play. And Freesync support so high-intensity games are razor-sharp without ghosting.
Visitors can join and experience AOC monitors at the Hiperdist stand in Hall 3 E1 at GITEX Technology Week in the Dubai World Trade Centre.
Philips Introduces Momentum 559M1RYV 4K HDR display with Ambiglow for Xbox
Philips 55 lifestyle in situ Xbox (Image: Supplied)
MMD, the leading display specialist and brand license partner for Philips monitors, today announced the release of the world’s first designed for Xbox console gaming monitor. Philips Momentum 559M1RYV featuring 55-inch panel size boosting 3840×2160 resolution with 4K / 144Hz, 4ms GTG response time, and many other features that will be available in the UAE, Saudi Arabia, Kuwait and Pakistan.
Philips Momentum 559M1RYV: Design and Sound
This new “Philips Momentum 559M1RYV” bears the name Momentum 559M1RYV and bears the same exterior appearance as the previous version, including the adoption of a VA LCD panel with a W-LED backlight system with Ambiglow technology that adds a new dimension to your viewing experience. Innovative Ambiglow technology creates an aura of light on the surrounding wall from behind the screen panel. Its fast processor analyzes the content of the displayed image, and continuously adapts the color and brightness of the emitted light to match the displayed image. This technology also helps reduce eye strain to enjoy the scenes, it also supports DisplayHDR 1000 standard. The gaming monitor includes a specially designed speaker enclosure from the engineers at Bowers & Wilkins, the British loudspeaker company globally renowned for their innovative designs and sound engineering, that completes the experience.
Pankaj Budhiraja, Category Manager – Philips Monitor – Middle East & Africa, said: “The new Philips Momentum monitor offers unique user experience especially for gamers who demand exceptional graphic quality display and flicker-free pictures. This monitor is a wholesome entertainment package with build-in stereophonic speakers, sharp picture quality, vibrant colors and dynamic contrast and excellent resolution”.
Philips Momentum 559M1RYV: Performance
Philips Momentum 559M1RYV including Displayport 1.4, a USB-B port along with 4 USB 3.2 ports, two of them with fast charging. The Philips Momentum Monitor delivers designed for Xbox validates performance with ultra-clera 4K resolution at a minimum 120Hz refresh rate. 3840×2160 pixels with a 16:9 aspect ratio and a good response time of 4ms, as for the brightness rate in the mode up to 750cd / m2, while in the HDR mode it reaches 1200cd / m2. As for the color weight, we will notice that it offers DCI-P3 color gamut with 95% coverage, NTSC color gamut with 104% coverage, and sRGB with 125% coverage.
“As Philips always prioritizes user health, we introduce Ambiglow technology for eye-friendly productivity and a premium sound system. The monitor been extensively tested, and validated by engineers at Microsoft and MMD to ensure perfect compatibility, Philips Momentum meet’s the high expectations of the Xbox fans, creating an integrated gaming atmosphere to enjoy.” Budhiraja added.
Key features for Philips Momentum 559M1RYV:
- Screen size: 55-inch
- Resolution: 3840 x 2160 UHD 4K
- Panel type: VA
- Refresh rate: 120Hz (HDMI 2.1); 144Hz (DisplayPort 1.4)
- Response time: 4ms
- Aspect ratio: 16:9
- V-Sync method: Adaptive Sync
- Contrast ratio: 4,000:1
- Ports: HDMI 2.1 (x3), DisplayPort 1.4 (x1), USB-C (x1), USB-B (x1), USB 3.2 (x4)
- Ambiglow: 3-sided
- Power supply: Internal, 100-240VAC, 50-60Hz
The Philips Momentum 559M1RYV monitor is available through MMD authorised distributors in the UAE, Saudi Arabia, Kuwait and Pakistan and comes with a standard 3-year warranty, and EUP in UAE AED 6999*.
GSMA Report 2021: Over Half World’s Population Now Using Mobile Internet
The GSMA has launched its global State of Mobile Internet Connectivity Report 2021 showing that, despite the COVID-19 pandemic, more than half of the world’s population is now using the mobile internet. Mobile internet usage translates to just over 4 billion connected people, 225 million more compared to 2019, and up from a third of people globally just six years ago.
Even with this impressive growth in mobile internet connectivity, both in terms of mobile internet coverage and usage, the report highlights that work must accelerate to bridge the digital divide. Of the 3.8 billion people who remain unconnected, only 450 million people do not live in areas with mobile broadband coverage, (“the coverage gap”). The coverage gap represents a significant improvement year on year.
The far bigger challenge is the 3.4 billion people who live in areas that are already covered by mobile broadband, but are not using it, (“the usage gap”).
The report examines trends in the coverage and usage of mobile internet over the last six years and identifies the key barriers to mobile internet adoption. It also looks at the early impacts of the COVID-19 pandemic and the most significant regional effects. Finally, it makes recommendations to help close the digital divide and ensure greater access to mobile internet connectivity.
“The COVID-19 pandemic made clear the importance of mobile internet access to people’s lives and livelihoods and has accelerated the digital transformation around the world. Mobile is the primary and often the only way to access the internet in low- and middle-income countries. While more people than ever are now using the mobile internet, some fundamental barriers stop far too many people from using mobile internet. To close this usage gap, all of us – government and industry – need to do more,” says the GSMA’s Chief Regulatory Officer, John Giusti. “In particular, we must address the key barriers to usage of mobile internet services, most notably literacy and digital skills, as well as affordability. Only through targeted and collaborative action can we bridge the digital divide.”
Coverage and usage gap in mobile internet is narrowing
During the last six years, the coverage gap has continued to narrow:
- In 2014, almost a quarter of the world’s population did not have access to a mobile broadband network.
- By the end of 2020, that figure was only 6%.
- Now, 94% of the world’s population has access to a broadband network, with most progress between 2014 and 2018.
- In 2020, global coverage increased by one percentage point, from 93% to 94%. This reduced the number of people living in areas without a mobile broadband network to 450 million. Those who remain uncovered typically live in sparsely populated rural areas with difficult terrain.
The number of people using mobile internet has also increased for the second year in a row:
- However, the usage gap remains large and accounts for the majority of the unconnected.
- In 2020, 3.4 billion people (43% of the world’s population) lived within the footprint of a mobile broadband network but were not accessing mobile internet services.
- Although the usage gap is narrowing, it is now seven times larger than the coverage gap.
- In 2014, the usage gap accounted for 64% of the total unconnected population – this figure grew to 88% by 2020 due to the increase in mobile broadband coverage.
- Low- and middle-income countries (LMICs) now account for almost 93% of the world’s unconnected population and more than 98% of the uncovered population.
- Between 2019 and 2020, the most significant increase in mobile internet usage is in East Asia (61%), which grew by 4%.
Barriers to mobile internet usage
The pandemic has highlighted the importance of mobile internet connectivity to the social and economic well-being of people around the world. People with mobile internet access were able to stay connected with friends and family, conduct business, gain access to critical information and services, and otherwise ease the monotony of lockdown life. Yet 47% of the population in LMICs are still not using the mobile internet despite living within mobile broadband network coverage.
Key barriers include:
- Lack of awareness of mobile internet and its benefits, literacy, and digital skills make up the largest barrier to adoption. Nearly a quarter of adults across the report’s surveyed countries are not aware of mobile internet and its benefits.
- Affordability: internet-enabled handsets and data became less affordable in many LMICs in 2020 due to the economic impact of the COVID-19 pandemic.
These barriers often disproportionately affect specific segments of the population, especially people living in rural areas and women.
A Collaborative Approach
The global climate challenge shows that mobile connectivity can be a lifeline for people during crises, re-emphasising the importance of doing more to improve access to mobile services. The only way to close the digital divide is through a strong collective effort to address people’s barriers to accessing and using mobile internet. It requires targeted action by all stakeholders including mobile operators, policymakers, government and the broader private sector.
This report is the output of a project funded by the UK Foreign, Commonwealth & Development Office (FCDO), and the Swedish International Development Cooperation Agency (Sida). The views expressed are not necessarily those of either organisation.
The GSMA’s State of Mobile Internet Connectivity 2021 is available at: www.gsma.com/somic
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