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Home Blog Page 4338

The Banks of the Future – Tekedia Live

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In 1994, Bill Gates famously said “Banking is necessary, banks are not”. And in 2017, I made a video which I introduced with this note: “In this videocast, I discuss the need to build a truly pan-African digital remittance/transfer banking product which is agnostic of location or currency in Africa. None of the products we have today meets that standard. Largely, I envisage a situation where all you need to buy and sell across Africa is one bank account in just one African Union country.

“With that, you do not have to even think about the specific currency of that account as technology will seamlessly make it possible to access other African markets for payments, transfer, etc. The banks or fintech companies must still comply with all regulations related to international transfers, forex, etc. The only difference is that customers will not see them as they will be hidden with technology.”

At 7pm WAT, at Tekedia Mini-MBA, we will discuss “API Neobanking and Location-Agnostic SME Banking” when the team from KlaDot, a US-based neobank, comes to explain its mission to bring that future to us.

Meanwhile, we have opened registrations for the next edition of Tekedia Institute Mini-MBA here

Comment on Feed

Comment 1: I regret to disagree with Bill. Banks might not have helped him a great deal, maybe, because of his situation. But they are helping many individuals and businesses across domains.

Without banks, many businesses would not scale up… In fact, economic growth and sustainability will be uncertain as banks fund private investments through loans; hence, shifting Aggregate Demand(s) outward to closing in on Potential GDP.

The institutions (whether physical buildings with people or online facilities) are highly necessary for any economy to flourish.

In modern economies, for banking to take place, there must be deposits; and for those deposits to be maintained, there must be banks. And for banks to make profits, they must buy assets off the deposit liabilities, leading optimal assets – liabilities time mismatch management.

My opinion :)

My Response:  You are reading that quote literally. Bill is not saying you do not need Banking. He is saying you do not need banks to do that. In China, you can do all banking services on WeChat which does not have a banking license. Bill was saying, those things can happen, but they must not be done by banks.

Business Strategy for future

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Business strategy for startups involves creating a plan of action that outlines how a new business will achieve its goals and objectives while navigating the challenges of the competitive business environment. Startups typically have limited resources and face a higher degree of uncertainty and risk than established businesses, so their business strategy must be flexible and adaptable to change.

Here are factors to consider during strategy for new and small companies:

Embrace Digital Transformation: With the increasing role of technology in businesses, companies need to embrace digital transformation to stay relevant and competitive. This includes investing in new technologies such as AI, automation, and cloud computing to streamline operations, improve efficiency, and enhance customer experience.

Focus on Sustainability: As consumers become more conscious about their impact on the environment, businesses need to adopt sustainable practices to meet their expectations. This involves reducing carbon footprint, promoting eco-friendly products and services, and implementing ethical supply chain practices.

Develop a Customer-Centric Strategy: Customers are the lifeblood of any business, and companies need to prioritize their needs and preferences to drive growth. This means creating personalized experiences, investing in customer service, and using data analytics to understand their behavior and preferences.

Create a Strong Brand Identity: A strong brand identity is essential for building trust and loyalty among customers. Companies need to invest in branding and marketing efforts to create a distinctive identity that resonates with their target audience.

Leverage Data Analytics: Data analytics can provide valuable insights into customer behavior, market trends, and operational efficiency. Companies need to invest in data analytics tools and expertise to extract meaningful insights and drive informed decision-making.

Adopt Agile Methodologies: In today’s fast-paced business environment, companies need to be agile and adaptable to change. This means adopting agile methodologies to respond quickly to market changes, customer needs, and technological advancements.

Foster Innovation: Innovation is key to driving growth and staying ahead of the competition. Companies need to create a culture of innovation that encourages experimentation, creativity, and risk-taking.

Emphasize Employee Engagement: Employees are the backbone of any organization, and their engagement and satisfaction are critical for business success. Companies need to prioritize employee well-being, provide opportunities for growth and development, and create a positive work environment.

Embrace Diversity and Inclusion: Diversity and inclusion are critical for building a strong and resilient workforce. Companies need to create a culture that values and celebrates diversity, promotes equality, and fosters inclusion.

Partner with External Stakeholders: Collaboration with external stakeholders such as suppliers, customers, and industry associations can provide valuable opportunities for growth and innovation. Companies need to build strong relationships with these stakeholders and leverage their expertise and resources to achieve shared goals.

Understanding Online Casino Bonuses: Common Types, Terms, and Conditions

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One of the few great reasons why people are going online to gamble is because this is where they can make the most out of their gaming budget. 

It’s not just because online gaming is cheaper since you don’t have to travel to visit land casinos, but it’s also because online casinos offer some of the most generous bonuses you won’t find elsewhere.

Online casinos offer a wide range of bonuses to attract new players and keep existing ones. Understanding how these bonuses work is essential to maximize your gaming experience and increasing your chances of winning.

In this article, we will discuss the different types of online casino bonuses and the common terms and conditions that come with them.

Understanding Bonus Wagering Requirements

Wagering requirements or required rollovers are the number of times a player needs to wager their bonus before they can withdraw any winnings.

For example, if a player receives a $100 bonus with a 20x wagering requirement, they would need to wager $2,000 before they can withdraw any winnings. That said, you should find bonuses with low wagering so you can easily get your payout.

High wagering requirements should be avoided if you don’t intend to play with a big amount at a casino.

Rollovers are put in place by online casinos to prevent players from simply claiming bonuses and immediately withdrawing the funds. You can find bonus wagering info by reading the bonus terms before claiming one.

There are online gambling sites like Bitstarz casino that offer bonuses without wagering, and they are the ones that have the best promos. Whatever you win the bonus is all yours right away.

Most Popular Types of Online Casino Bonuses

So, what are some of the most common bonuses you’d encounter in an online casino? Here are some of them so you can make an informed decision if they will be beneficial to your gameplay.

Welcome Bonus

The welcome bonus is the most common type of bonus offered by online casinos. It is a promo offered to new players when they sign up and make their first deposit. 

It could come in the form of a match deposit bonus, where the casino matches the player’s deposit up to a certain amount, or free spins on selected games. There are online casinos that also offer bonuses on specific game titles only.

No Deposit Bonus

The no-deposit bonus is a free reward given to new players. You can get this by simply signing up at an online casino. No need to make a deposit. 

This bonus is usually in the form of free spins or a small amount of bonus money. It is an excellent way for players to try out an online casino without risking their money. It’s a free way to win real money, but it usually comes with strings attached.

Most no-deposit bonuses have high wagering requirements, so you might end up wanting to deposit more so you can complete the rollovers.

Reload Bonus

Reload bonuses are for existing players and it’s credited when they make a deposit. It is a way for online casinos to keep their existing players happy and encourage them to continue playing. 

The reload bonus can come in the form of a match deposit bonus or free spins on selected games. Some online casinos offer monthly, weekly, and even daily reload bonuses. 

Loyalty Bonus

The loyalty bonus is a reward given to loyal players who have been playing at an online casino for a long time or have placed a lot of real money bets. 

A loyalty bonus can come in the form of cashback on losses, free spins, or exclusive access to special promotions and events. 

There are casinos with loyalty programs instead wherein you earn points for every bet you place. You can save those points up and once you have enough, you can then exchange them for exclusive bonuses.

Refer a Friend Bonus

You can get this type of bonus by referring your friends to an online casino. A referral bonus is usually a fixed amount per person you successfully refer to at the casino. Some online casinos can give you unlimited referral bonuses, but some cap the amount you can get.

Conclusion

Overall, getting an online casino bonus is a great way for players to enhance their gaming experience. It can help prolong your gameplay, and the longer you play, the better your chances are of winning. 

However, make sure that you understand the different types of bonuses and the strings that come with them before claiming any. Always read the fine print!

FEC Approves Nigeria’s Agenda 2050, Targets 165million New Jobs

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At its weekly meeting presided by President Muhammad Buhari at the Presidential villa, Abuja, on Wednesday, the Federal Executive Council (FEC) approved Nigeria’s Agenda 2050 after four weeks the National Economic Council endorsed the Agenda and 29 months since the president inaugurated the National Steering Committee for the preparation of the Medium-Term National Development Plan 2021 – 2025 and Nigeria Agenda 2050.

The plan which is set to increase national real GDP growth by seven per cent, create 165 million new jobs and reduce the number of people living in poverty to 2.1 million in 2050 from the 83 million people estimated in 2020 has an overall objective to take Nigeria through to an Upper Middle-Income Country and subsequently to the status of a High-Income country by 2050.

Following the Council meeting which was preceded by the inauguration of the seven reappointed board members of the Independent Corrupt Practices and other Related Offences Commission (ICPC) by President Muhammad Buhari, the Minister of State, Budget and National Planning, Clement Agba, disclosed to State House reporters that the six medium term development plans to run from 2021 to 2050 encompass broad issues including various specifics targeted at driving a comprehensive and sustainable economic development in the country.

The minister said: “The broad objectives are to create a stable and predictable macro-economic environment by adopting policies that are consistent with raising domestic savings and investments, to establish a solid foundation for a concentric diversified private sector-led economy as well as create a more resilient business environment that creates and supports opportunities for Nigerians to realise their potential, among others.”

According to Agba, the federal government plans which were developed in collaboration with subnational governments and other stakeholders including, top political parties (APC, PDP and APGA) organized labour, youth, women, regious bodies and traditional institutions feature the road map and framework for achieving accelerated, sustained and broad-based growth and also reducing unemployment, poverty, and inequality.

The council also approved 2.8 billion naira for the National population commission for the procurement of software toward the conduct of the National Census which is slated to take place in May 2023.

Navigating the Crypto Market: Investing In Solana, Dogetti, and Hedera

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If you’re feeling frustrated by cryptocurrencies that don’t appear to serve a real purpose, we have some good news for you. This article will introduce you to three coins that not only generate profits but also have the potential to revolutionize the world. Solana (SOL), Dogetti (DETI), and Hedera (HBAR) all possess strong communities, partnerships with industry leaders, and innovative technologies. These factors, when combined with their increasing adoption rates, make them an intelligent investment choice for 2023. Whether you’re looking to add to your investment portfolio or make your initial crypto investment, keep reading to learn more about these ground-breaking crypto assets.

Solana (SOL): The Fastest Blockchain Network in the World

Solana (SOL) is the name that has been making waves in the crypto world lately. Launched in 2017 by Anatoly Yakovenko, this blockchain network is designed to offer fast and low-cost transactions to its users. The speed of Solana’s blockchain technology is exceptional as it allows up to 65,000 transactions per second, making it one of the fastest blockchain networks in the world.

Solana’s utility and market valuation are quite impressive. As of February 2023, SOL’s market capitalization is around $120 billion, making it one of the top 10 cryptocurrencies by market cap. The SOL token has seen significant growth in recent years, with a 24-hour trading volume of around $10 billion.

Anatoly Yakovenko, the founder of Solana (SOL), is a firm believer that blockchain technology has the potential to change the way we do things in the world. His goal for Solana is to make it the fastest and most scalable blockchain network globally and a key player in blockchain transformation.

In August 2021, Solana (SOL) set an all-time high price of $216.98, and as of February 2023, it is trading at around $300. Solana’s market capitalization has grown by over 5,000% since its launch in 2017.

Solana has seen significant developments in recent years, including the launch of the Serum decentralized exchange, which provides fast and cheap trading on the Solana (SOL) network. The Solana team has also launched a number of other projects, including the Solana Foundation, which supports the development of projects on the Solana network.

Hedera (HBAR): The Future of Decentralized Enterprise Applications

Hedera (HBAR) is a decentralized public network that provides enterprise-grade distributed ledger technology. Hedera Hashgraph, the company behind Hedera, was founded in 2018 and has quickly become a pioneer in the field of decentralized enterprise applications. Using a new consensus algorithm called “hashgraph,” Hedera provides fast, secure, and efficient transactions.

Hedera’s utility is vast and can be used for various enterprise-level applications such as supply chain management, financial services, and gaming. Its hashgraph technology combines the benefits of blockchain technology with faster, more secure, and more energy-efficient transactions.

As of February 2023, Hedera’s market capitalization has surpassed $7 billion, making it one of the top 50 cryptocurrencies by market capitalization. The inventor of hashgraph and co-founder of Hedera Hashgraph, Leemon Baird, believes that their technology can transform the way businesses operate, and he is excited to see what applications will be built on their platform.

Hedera has reached an all-time high of $0.55, which is a testament to its innovative technology and growing adoption in the enterprise space. The network has also attracted notable investors such as Google, IBM, and Boeing.

Dogetti (DETI): Join The Dogetti Family And Ride To The Moon!

Are you ready for the next big thing in the world of meme coins? Look no further than Dogetti (DETI), the newest Ethereum-based dog meme coin that is set to take the market by storm! But what makes Dogetti so special, you ask? Well, for starters, it’s currently on presale, giving early adopters the opportunity to get in on the ground floor and reap the rewards of this exciting new project. And let’s not forget the incredible potential for profit that comes with being a part of a meme coin rally – some of the most impressive price pumps in the history of crypto!

Inspired by mafia-themed content, the adorable dog memes are dressed as gangsters, creating a unique and creative narrative for this project. And with a focus on building a tight-knit community that feels like family, the potential for growth in the ecosystem is unparalleled.

It will power a variety of utilities across DeFi, gaming, NFTs, and even the metaverse, positioning itself as a top player in the meme coin world. And with such massive potential for growth, buying in on the presale is a no-brainer for those seeking a high-profit, low-risk opportunity. Join the Dogetti (DETI) presale now and become a part of the family!

 

For More Information On Dogetti (DETI):

Presale: https://dogetti.io/how-to-buy

Website: https://dogetti.io/

Telegram: https://t.me/Dogetti

Twitter: https://twitter.com/_Dogetti_