This one is coming from a kid. “Dad, how can I help you with what you are doing?” I need a banner to post on Tekedia Mini-MBA. In 15 minutes, I got a Google Drive – here we are. And you can see the spirit of Halloween. (Now that I can get help on drawing, I have provided the right size for next time). The message is clear: come and learn new things at Tekedia Mini-MBA. Register here . Early bird for the next edition ends Nov 5, 2022.
EU Launches Campaign to Promote Job Creation For Youths in Africa
Due to the high unemployment rate ravaging the African continent, the European Union (EU) has partnered with Africa, by launching a campaign tagged ‘we see Africa’, which is aimed at job creation.
The Africa–EU campaign reflects on some of the initiatives that position the two continents as model, ambitious, dynamic, and reliable partners.
It also highlights the strength of the partnership, which has brought together people and institutions of both continents in pursuit of common goals for a better world.
The campaigns will run simultaneously in Nigeria, Cameroon, Congo, Tanzania, and Zimbabwe, and build on the resounding success of a previous one conducted across seven other African countries from 2020-2021.
The selected faces for the campaign in Nigeria are Nigerian musician and “Billionaire” crooner Teniola Akpata Aka Teni, content creator Eniola Adeoluwa popularly known as Eni, and 32-year-old Frederick, a local shoe manufacturer, and Ogola Lois Kange.
Speaking to the press in Lagos on the development of the campaign, EU Ambassador to Nigeria and ECOWAS, Ms. Samuela Isopi, said: “Youths are major targets of the scheme. We will work with national influencers to express our shared values and aspirations; showcase local success stories generated by our partnership; and connect with a new audience of young Africans, leveraging pop culture.
“Africa shares a rich history with the EU, its closest neighbor. Collaborating with Africa to find a solution to common challenges is, more than ever before, a key priority for the EU.
“Our long history of interaction and geographical proximity has over the years, inspired us to be creative and ambitious in the way we confront our common problems; preserve our shared values, and work towards our common interest and goals.”
Ms. Isopi further added that Nigeria which is Africa’s most populous nation, is a key partner of the EU within the African continent, noting that the vibrancy, dynamism, motivation, and resilience of Nigeria’s young population reflect the uniqueness of a continent-fired-up by imaginative ideas and relentless optimism. From the prism of Nigeria, the EU sees Africa.
She disclosed that within the context of its strategic partnership with Nigeria, the EU has been providing support to the country to promote peace and security, democratic governance and rule of law, human rights and freedoms, and prosperity.
Key features of the EU’s cooperation with Nigeria include regular political and policy dialogues and strengthened collaboration to fight violent extremism, and improve indices of human development, good governance, migration, trade, and regional integration.
This is not the first time the EU is partnering with the African continent, it has done so on several occasions. In March 2022, the EU strengthened its partnership with WHO to boost local manufacturing and access to vaccines, medicines and health technologies in Africa.
Looking at its ‘we see Africa’ campaign which is aimed at job creation for youths, it will really transform the African continent. According to the world bank, Youths account for 60% of all of Africa’s jobless, noting that in African countries, youth unemployment occurs at a rate more than twice that for adults.
Africa has a large population of vibrant youths, which when equipped with relevant jobs, will contribute greatly to the African economy.
Dogecoin Surges in Price Following Musk Acquisition of Twitter
After Musk completed his acquisition of Twitter, the price of Dogecoin rose by 126% in one week, which saw an increase from $0.0629 to $0.14 within 7 days.
The surge was also accompanied by a decent increase in its daily trading volumes. This coincided with a spike in the number of DOGE transactions exceeding $100,000. Both indicators suggest a growing demand for Dogecoin tokens lately among whales.
The coin continues to witness an unstoppable rally in the crypto market lately after its gains surpassed the 100% mark in a week.
Over the last 24 hours, the price of Dogecoin extended its bullish run to 21% higher bringing its total accumulated gains to 112% in just a week.
The reason why Dogecoin is recently doing so well in the crypto market, is due to the fact that the coin has been endorsed by Tesla CEO Elon Musk, who continue to throw his weight behind the coin
Also, his companies Tesla and SpaceX organizations already accept DOGE payments for their merchandise which has sparked speculations from investors that Dogecoin (DOGE) might be integrated into Twitter as currencies of trade on its platform. This has been a major reason why so many investors have been trading the coin lately.
These investors understand that if the coin is eventually integrated into the micro-blogging platform, it will lead to a mass adoption, which would see a massive explosion in DOGE price.
As Elon Musk announces more updates about Twitter and probably hints at the use of crypto coins, then these coins stand a high chance of exploding.
6 months ago, the coin maintained a bullish stance when Elon Musk made a bid to purchase the microblogging platform. The coin however later saw a sell-off in June after he tried to opt out of the acquisition deal.
Introduced in 2013, Dogecoin was the first meme coin to be designed as a decentralized payment system. The coin has for a long period maintained a low profile as an altcoin before it later caught the attention of cryptocurrency investors during the price increase of 2020, which was also influenced by Musk.
Popular tech blogger Jane Manchun Wong known for her prescient calls in the space, tweeted that Twitter was “working on a ‘wallet prototype’ that supports ‘crypto deposit and withdrawal.'”
“We don’t know which kind of cryptocurrency will be supported yet, or which network,” she stated.
On the other hand, Twitter has not announced a cryptocurrency wallet product, but the micro-blogging platform rolled out a tipping feature last year, which allows users to send creators bitcoin and Ethereum via the platform.
Company inactive status: Failure to file annual returns
Quick legal advice for Business and Company owners out there; if you ever plan on using your company to acquire a business visa to go on a business trip in a foreign country then always ensure to file your company annual returns as at when due so your company profiles on the Corporate Affairs Commission website will not show “inactive” status.
When a company profile indicates inactive status it is presumed that the company or the business has been dormant; it has not been in operation; it may still be existing but it is no longer in use. Inactive business status simply means that although the company still exists in the eyes of the law, the company has no record of activity taking place. It can also mean that the company has had no business transactions in a particular year.
Where a registered company has not filed its annual returns up to date with the Corporate affairs commission, the status of the Company is indicated as ‘INACTIVE”. The INACTIVE status of a company is the function of the company’s failure to file its annual returns.
It is compulsory for every registered businesses/ companies to file their annual returns with the Corporate Affairs Commission not later than the 30th of June every year, this is the only way to let the Commission know that your company is still operating; failure to do that the business will be deemed to no longer be in operation, hence it will be profiled as inactive by the corporate affairs commission.
CAC annual return is a report that businesses or companies must send to the corporate affairs commission every year by updating the commission on the transactions or activities that took place within the company for that particular year and also notifying the commission of any ongoing activities with the organization.
If your business or company has been profiled with the “Inactive” status on the CAC official website, it means that the CAC no longer has updated details about the ongoing activities with your company and you are expected to update it with them.
You cannot use an Inactive business to apply for a business visa for business trips, that is why as a business owner who has the plan of applying for a business visa to constantly file your annual returns as at when due with the CAC.
Annual returns can be filed by the company’s solicitor on behalf of the company or by the company’s secretary.
Consult your lawyer or your company Secretary to let you know how to file your annual returns and get your company active again.
Why Shiba Inu Is Going To Explode In 2022
Bitcoin and Ethereum have been obvious choices for most investors in the crypto market for quite a bit. But with time, cheaper and promising coins have come into the market for investors to expand their portfolios. One such coin that has gained massive attraction lately is the meme coin Shiba Inu.
The meme cryptocurrency had a massive jump over the last few months of last year. It has emerged as one of the top traded tokens lately. But what drives SHIB token to skyrocket this year? Although the currency experienced a minor pullback, experts and crypto enthusiasts predict that the coin will soar to new highs this year again. Let us see why the Shiba Inu coin is going to explode in 2022.
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Is SHIB All Set To Explode In 2022?
Shiba Inu has been on a continuous rally since the beginning of 2021. Last October, the token even surpassed Dogecoin, positioning itself as one of the most valuable meme cryptocurrencies in the crypto market today. The primary catalyst for the last rise of SHIB was the unconfirmed speculation that Robinhood might be preparing to list it. So what drives Shiba Inu to increase in 2022?
1. SHIB’s Tremendous Rally
Although it started as a joke, Shiba Inu rose to become one of the top potential cryptocurrencies in the market. SHIB is an Ethereum-based token that supports numerous DeFi and NFT projects. Furthermore, it operates on the environmentally friendly Proof-of-Stake platform. The SHIB token was on its way to the moon in October-November 2021 after beating out its top rival, Dogecoin.
2. Significance Of Shiba Inu
The Shib ecosystem currently supports NFT, GameFi, and decentralized trading through its decentralized exchange ShibaSwap. Thanks to a strong community, a solid stream of endorsement from celebrities and renowned entrepreneurs, SHIB has experienced record gains.
Moreover, Shiba Inu is a cryptocurrency that provides users with tremendous earning potential. The primary purpose behind the network was to formulate an ERC-20 token and ecosystem priced low enough for any user to own millions of them. The team behind Shiba Inu intentionally launched the SHIB token with a price below a penny to make the platform profitable. So far, they have been successful as Shiba Inu has been on the watchlist of several potential investors over the past years.
Yet another significant factor of the token is its unlimited supply. Shiba Inu was designed in abundance intentionally. The coin was launched with a one quadrillion supply. Over 50% of this supply was locked in Uniswap, while the other half was later transferred to Ethereum co-founder Vitalik Buterin.
3. A Strong And Dedicated Community
A key catalyst that lifted the dog-themed crypto to its heightened popularity is certainly the SHIB Army. Apart from celebrity attention, the SHIB token is backed by a solid and dedicated community that pushes its popularity and value across multiple social media platforms.
The token was one of the most talked-about cryptocurrencies on social media in October 2021. This has led SHIB to hit a new all-time high of $0.00008845. Moreover, Shiba Inu has now exceeded Ethereum on total Twitter followers with a hit of 2.6 million. The soaring prices and the fast-growing community could push SHIB to explode in 2022 and beyond.
Additionally, the Shiba Inu and its community work a lot to benefit communities, creating strong alliances and partnerships at a non-profit level. These philanthropic contributions by SHIB are a dedicated community initiative and have garnered the attention and participation of investors and other crypto developers.
4. The Reduced Token Supply
Yet another significant reason why SHIB’s value and price would continue rising higher in the coming years is the drastic change in its supply. The cryptocurrency gained huge popularity and attention earlier this year with Buterin’s decision to burn 90% of the tokens in his possession by sending 410 trillion SHIB to an unusable and inaccessible wallet.
This has removed a significant amount of tokens from circulation forever, pushing SHIB’s value and demand higher.
5. Experts Speak Up
This new meme cryptocurrency has been drawing attention from investors across the globe. Several experts and analysts predict the price range of SHIB for the coming years.
Several experts predict that SHIB could top its resistance level and explode by 2022 if the token continues to maintain its current momentum.
Wallet Investor:
“Based on our SHIB price prediction, a long-term increase is expected; the price prognosis for 2026 is $0.000265. With a 5-year investment, the revenue is expected to be around +1,166.73%.”
GOV Capital:
“Our data indicates that the asset price has reflected a massive bull run for the past year, and it has tremendous long-term earning potential. The future price of the asset is predicted at $0.0001046 by the end of this year.”
Reddit Community:
“Based on our analysis, the results are not very encouraging as the bears may be back for SHIB, and the SHIB price may drop to $0.0000009 in 2022 and pose a risk for investors.”
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The Shiba Inu Ecosystem
The Shiba Inu ecosystem aims to be the best decentralized ecosystem enriched by its own DeX. There are three significant tokens in the Shiba Inu ecosystem. Along with SHIB, there are also the LEASH token and the BONE token.
Both the tokens differ from SHIB in several factors, of which one is the supply limit. LEASH has a supply limit of 100,000 tokens, while BONE’s supply is limited to 250,000,00 tokens. The SHIB has a maximum supply of 1 quadrillion and currently has a circulation supply of 549,057.77 billion.
The ShibaSwap
Yet another significant part of the Shiba Inu ecosystem is ShibaSwap. The three tokens establish themselves through the ShibaSwap exchange. The major purpose of this is to create a safe environment for trading cryptocurrencies. They emphasize that their loyalties lay closely with the holders of the Shiba Inu tokens and thus keep the system completely decentralized.
The Token Burn
The developers took an unforeseen and unexpected decision when they locked up 50% of the SHIB token in Uniswap and gifted the remaining 50% to the Ethereum creator Vitalik Buterin. This propelled the Shiba Inu token to gain tremendous traction soon after the minting of 1 quadrillion tokens.
But as per information from last year, Vitalik Buterin buried 20% of SHIB, sending a total of 410 trillion SHIB tokens to an unusable and inaccessible wallet. But, by effectively removing a large portion of coins from circulation forever, the price of the SHIB will rise sharply with the reduction in its total supply.
This strategic move will eventually drive SHIB’s price to explode tremendously, probably by the end of this year.
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Why Is Shiba Inu Going To Explode In 2022?
Thanks to its strong community and vibrant ecosystem Shiba Inu is one of the fastest-growing meme cryptocurrencies, making it a good potential.
Cryptocurrencies like Dogecoin and Shiba Inu are created to enable a community to trade for fun. But this never stopped Shiba Inu from exploring its potential and use cases in the blockchain space. The cryptocurrency calls itself an experiment in decentralized spontaneous community building.
Yet another exemplary benefit of the Shiba Inu cryptocurrency is its ability to be traded or exchanged between and with Bitcoin and other fiat currencies. Also, the network is waiting to explore other high security-packed features. Since the token is available in popular exchanges like Coinbase and Binance, traders can easily access and leverage them to convert SHIB to almost any other coin. This would eventually drive the adoption rate of the token, taking the value of SHIB to colossal highs.
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The Bottomline
According to crypto experts, if the token keeps up with the same bullish trend, the value of Shiba Inu could likely explode in 2022. Moreover, with further developments in its ecosystem, the cryptocurrency is poised for an upswing, making SHIB a good buy.
Having said that, meme cryptocurrencies like Shiba Inu are particularly volatile, and investors have to do their due diligence before investing in SHIB.
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