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Cryptocurrency Drops Below $60,000 For The First Time Since September

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As of Tuesday, 16th November 2021, Cryptocurrency has dropped below $60, 000 for the first time since September when it last dropped. Also, making Etherium to reach its lowest within a month.

According to some analysts, this fall could be attributed to the bill signed by president Joe Biden, which is the infrastructure bill- The infrastructural bill change the requirements to Tax-Reporting for digital currencies.

Part of the new requirement is the submission by all companies the names, addresses, and phone numbers of their customers to the IRS department, the gross proceed from sales, and the capital gains or losses.

Hayden Hughes, the chief executive officer of Alpha Impact, “We’ve seen the US infrastructure bill gets signed, which has initiated a selloff from traders who are concerned about regulation and taxation.

“It’s something that Bitcoin is always going to be so volatile toward — the more there is an attempt to regulate it, to control it,” said Fiona Cincotta, senior financial markets analyst at City Index. “It just takes the edge off its draw.”

Prior to this fall, crypto has been gaining a lot. “The extreme volatility that the market is prone to could lead to a potential domino effect if more negative news were to emerge and take prices to new lows.” According to Walid Koudmani, an analyst at XTB Market.

Also, China’s new regulation also contributed to this sliding. “The country will study the option of levying punitive power prices for companies that are involved in cryptocurrency mining, National Development and Reform Commission spokeswoman Meng Wei said at a press conference.”

Below are some of the leading crypto coins that were affected by China’s new regulations.

  • Bitcoin (-6.59%),
  • Etherum (-7.64%)
  • Binance Coin (-7.90%)
  • Tether (+0.24%)
  • Solana (-6.48%)
  • Cardana (-6.21%)
  • XRP (-7.30%)
  • Avalanche (-5.08%)
  • Terra (10.50%)

The dropping could be easily channeled to the banning of crypto as a means of exchange in the bank and also stopping its mining among many others by China government.

FG Directs NCC to Issue Research Grants on Emerging Technologies

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The Federal Ministry of Communications and Digital Economy, has directed the National Communications Commission (NCC), to provide grants for tertiary institutions to enhance research on robotics and emerging technologies.

The Minister of Communications and Digital Economy, Prof. Isah Pantami, disclosed this during the International Conference on Computing and Advances in Information Technology, organised by Ahmadu Bello University (ABU) Zaria on Tuesday.

The three-day conference which was organised by the Department of Computer Science of the institution. The theme was “Fostering Digital Economy Through Recent Trends in Information Technology’’.

Prof. Pantami said the ministry was passionate about supporting emerging technologies in the area of 5G, artificial intelligence, robotics and many more.

To achieve this, the minister said he directed the NCC to come up with research grants that would be given to higher institutions to participate in research in emerging technology.

He said there was a meeting about three weeks ago to review proposals sent by academics in order to see how the Federal Government would support them with research grants in the area of emerging technologies.

According to Pantami, there is a research grant under the National Information Technology Development Agency, where the Federal Government sponsors young academics to higher institutions abroad.

He said all these initiatives were designed to support the digital economy of the country.

The minister noted that as at 2016, according to the World Economic Forum, the global contributions of ICT to economic development stands at 16 percent, and the figure has been predicted to reach 50 percent by 2022. The World Economic Forum had also predicted that by 2022, 132 million jobs would be created within the digital economy sector.

He further noted that the global economy had been digitalised; new opportunities were coming up, particularly with the emergence of disruptive technology like artificial intelligence, robotics, 5G, quantum computing, virtual realities, and many more.

“All these aspects of emerging technologies come up with new opportunities that make ICT to dominate the world economy; as it is today, ICT was a key enabler to the growth and development of the world economy,’’ the minister said.

He added that the trend was the same in Nigeria, as at 2020, the National Bureau of Statistics said the fastest growing sector of Nigerian economy was the ICT.

“In the first quarter of 2021, the fastest growing economy in the country was ICT, in the second quarter of 2021, the contribution of ICT to Nigeria’s Gross Domestic Product (GDP) was 17.92 percent,’’ he said.

He, therefore, ascribed the unprecedented ICT’s contribution to GDP on policies of the ministry, emphasizing that within two years the ministry with its agencies came up with 16 national policies.

He added that of the 16 developed national policies, more than a dozen were being implemented, like the `National Digital Economy Policy Strategy for a Digital Nigeria”, which he described as the umbrella policy upon which other policies were developed.

Pantami said the ministry was coming up with subsidiary legislation and regulatory instruments to support the development of ICT sector in the country.

In his remarks, Prof Kabiru Bala, Vice-Chancellor, Ahmadu Bello University Zaria, said the conference was in line with the university’s efforts aimed at reviving the long-standing academic and stakeholders’ engagement.

Bala said that the academic and stakeholders’ engagement was aimed at boosting awareness creation, knowledge sharing, and influencing national and international policy formulations.

The vice-chancellor said the international conference on computing and advances in information technology with a theme “fostering digital economy through recent trends in information technology’’ was relevant and timely.

“The digital economy is an economy which operates predominantly with the help of digital technology. It implies the global network of economic activities processes, transactions, and interactions among people, businesses, and devices among others supported by ICT

“The digital economy permeates the world economy; information was flowing within and across borders with unprecedented volumes, with significant impact on innovation, trades, global value chain, and society; while few aspects of our life remained untouched by digitalisation,” Bala said.

He noted that “emerging technologies like artificial intelligence, robotics and cloud computing, among others led to breakthroughs that characterised our world today; this conference is therefore relevant and timely.”

Arravo, Huawei Sensitize Customers on New Technology Solutions

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Arravo, a top systems integrator in Africa, recently co-hosted a stakeholders’ forum in Lagos with Huawei, a global technology corporation, to improve customer understanding of new technology trends and solutions that will promote corporate growth and profitability while lowering operational costs.

Mr. Ayo Adegboye, the CEO of Arravo, said in his opening remarks that the event was organized to bring customers together to learn about new technological developments from Huawei.

“We’re looking into new software solutions that can help customers run their firms more profitably. We’re also looking into different layers of authentication to improve client network security, including wireless cloud, which is a new business trend.

Customers who use Huawei Cloud technology are freed from all of the infrastructural constraints that come with developing their own capital-intensive infrastructure. As a result of Huawei Cloud Technology, customers will be able to save money while focusing on their main business of providing real-time service to customers.

Our customers come from a variety of industries, including telecommunications, oil and gas, industry, manufacturing, education, and health,” Adegboye said.

Augustine Ukaa, Huawei’s Channel Manager, gave an overview of the company’s global operations, stating that Huawei will continue to invest in R&D in order to develop new solutions that would drive corporate development and resilience.

“In the last ten years, Huawei has spent over $90 billion on research and development. Our income has consistently increased over time, and our goal is to establish a strong presence in Nigeria so that we can better serve Nigerian clients while collaborating with partners like Arravo,” Ukaa added.

Chinedu Omenkukwu, Huawei’s Senior IP Product Manager, while giving his talk, discussed intelligent network management in an organization and how clients can use Huawei Cloud to establish a fully wireless and intelligent cloud campus network to archive their digital transformation strategy. He said with the help of Huawei Cloud, there would be the necessity for businesses to synchronise their operations into a unified network.

He claimed that organizations are migrating their applications to the cloud, and the Huawei Cloud solution will make this process much faster, easier, and safer.

Furthermore, he outlined four significant obstacles that businesses encounter when attempting to migrate their apps to the cloud. According to him, the issues include a decommissioned Wireless Fidelity (WiFi) network, poor fiber infrastructure, a lack of adequate synchronization of the company’s architecture, and overburdened IT employees.

Omenkukwu stated that in an ideal work environment, everyone would be expected to have a fully wireless architecture that allows unrestricted access to the cloud and that the organization must assure a single global network that connects all apps in order to provide complete automation. He claimed Huawei already has a product portfolio that could match businesses’ needs for moving their applications to the cloud.

“Huawei has four major categories of IP product lines that it deploys to ease access to Huawei Cloud, using four engines such as the Air Engine, which is a code name for the Huawei wireless product; the Net Engine, which is used for the router product lines; the Cloud Engine, which is used for campus switches and data center switches; and the HiSec Engine, which handles the security product lines,” Omenkukwu explained.

He added that Huawei Artificial Intelligence is the common denominator that connects all four engines (AI). He went on to say that if completely deployed, the Huawei Cloud solution may save up to 50% of an organization’s operational costs because it comes with a single platform that can manage Wireless Area Network (WAN), Long Area Network (LAN), and Data Center, among other things.

Harry Hu, the Vice President, Huawei Cloud in charge of Southern Africa, spoke about the Huawei global solutions, and how the solutions could boost business growth and resilience if fully implemented.

Technext Set to Host Africa’s Biggest Cryptocurrency Conference in 2021

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Technext is set to host its first-ever event, themed “Technext Coinference 2021”. The event will be Africa’s biggest cryptocurrency conference in 2021 and it will provide a platform for key players in the African blockchain tech industry and crypto fans to discuss the future of cryptocurrencies so as to avail themselves of future leverage.



The conference is set to hold on Thursday, 9th December 2021 at Pistis conference centre, Lagos. The event is proposed to have a physical audience of at least, 1,500 attendees and a virtual audience of at least, 3,000 people in attendance. The event is set to be the largest gathering of crypto enthusiasts, users, regulators, and innovators in Africa, thus far.

It is going to be a hybrid event, that is, a combination of physical and virtual events. As such, anybody can register for the conference and attend from anywhere in the world come December.

David Afolayan, Technext Content Chief said the events of the last few months have emphasized the importance of providing a platform to inspire, empower and connect cryptocurrency enthusiasts in Africa.

“As a tech-driven media house that aims at providing people-oriented content and that has the aims at providing people-oriented content and that has the mission to contribute to the growth of the African space, our purpose is to lead a timely conversation that will enable regulators, innovators, and enthusiasts to find a common ground for a geometric growth in the cryptocurrency space.” David had said.

Registered delegates should look forward to discussions on the impacts of regulation in the crypto world. It will feature a session on Regulation with the theme ‘Untying the knots by experienced industry players and representatives of key regulators such as the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC)’.

The conversation at the conference will also centre on providing an enabling regulatory space for the growth of the crypto world as well as the practical steps stakeholders need to take. A keynote and panel session on Blockchain for Africa: The endless possibilities will follow. Innovators will talk about the prospects of cryptocurrencies in Africa and how the attendees of the Technext event can leverage it in the future.

The event promises to hold a line-up of influential speakers who will give enlightening ideas that will teach and inspire the attendees to take advantage of the many benefits of cryptocurrency. Some of the speakers that are confirmed to be at the conference include, Uzoma Dozie, CEO and Founder of Sparkle, Dickson Nsofor, CEO of Kora, Ruth Iselema, CEO of Bitmama and the founder of BlockchainNigeria User Group, Chimezie Chuta.

Technext Coinference will give an opportunity for key pitchers in the blockchain space across Africa to reach an audience of young and ready-to-learn Africans in one place. It is also an event that will give an amazing opportunity for crypto lovers to meet other enthusiasts, gain more knowledge, develop ideas, and leverage for more gains.

The event is free and open to all. Click this link to register.

Gokada Job Opening: Creative Design Lead

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Job Brief

Gokada is a leading technology startup in Africa’s largest economy, Nigeria, and has the potential to become one of the most impactful companies in all of Africa.

Gokada’s services include instant parcel delivery, food delivery, ride-hailing, and more. Currently headquartered in Lagos, Gokada is in the process of expanding to other cities

Our Vision is to be the biggest Super App for Africa and we aim to make African Cities easier, better, and more enjoyable to live in by empowering the lives of people through technology.

Job Purpose

As creative design lead, you will be responsible for developing artwork for all marketing channels as per the brief and concept provided, in order to represent the brand effectively.

Job Dimension

As a creative lead, you should be able to come up with creative tactics to improve our brand voice.

Job Role

Creative Design Lead

Experience Level

Mid Level

Location 

Lagos, Nigeria

Key Responsibilities

Develop concepts and graphics for all artwork required for marketing for all channels including (but not limited to):

  • Digital Marketing
  • Offline Marketing
  • Video Production
  • Print
  • Testing graphics across various media
  • Producing consistently excellent visual work
  • Following the Brand Guideline and ensuring all designs adhere to it
  • Collaborating with other teams to come up with creative ideas for visual representation of the brand
  • Staying up to date with industry trends to keep ahead of competitors

Key Requirements

  • Bachelor’s degree or equivalent
  • Minimum of 3 years of experience in the same field
  • Ability to think strategically and creatively with an innovative mindset that is constantly looking for ways to improve things.
  • Strong interpersonal skills with a collaborative and flexible work style.
  • Experience working with cross-functional teams
  • A very good communicator.
  • Strong presentation, listening, written, and verbal skills.
  • Proven ability to lead and drive a highly motivated and performance-driven sales workforce for results
  • Digitally savvy and proficient in the use of work productivity tools
  • Effective time management skills and the ability to multitask.
  • Attention to detail.
  • Proven ability to manage budgets.
  • Professional and proactive work ethic.

Application Deadline 

Not specified

Click here to apply for this role now.

Helicarrier Job Opening: Technical Lead

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Helicarrier a.k.a BuyCoins (Y Combinator S18) is one of the fastest-growing and fastest-moving startups in Africa. We are working on a bunch of things to help financially connect the Africans anywhere they are in the world. This includes:

  • Buycoins – The easiest way to buy, sell & store cryptocurrency.
  • Sendcash – Crypto-powered remittance.
  • Sendcash Pay – A suite of developer tools that let you add borderless payment experiences to your digital products.

We are looking for a technical leader that will autonomously drive product vision to implementation by using expertise & passion to multiply the overall output of their team.

Role: Technical Lead

As a Technical Lead, you will:

  • Scope and lead technical projects. Rapid iteration on features & tooling, especially as we launch the first versions of new products is super important. We love to iterate really quickly at Buycoins.
  • Scrutinize and make overarching technological & architectural decisions.
  • Directly contribute to the codebase(s). Become a role model for how great software should be written at Buycoins as a whole.
  • Design & implement processes/systems that will raise the overall code quality, reliability, and monitoring. This includes ensuring that both internal and external-facing documentation is as good as can be.
  • Direct involvement in the development of the engineering team. This includes participation in the hiring process, teaching & guiding teammates to become the best possible versions of themselves.
  • Advise the leadership team on key technical considerations related to the future of money.
  • Work effectively cross-functionally.

Helicarrier needs someone who:

  • Is obsessed with building great user experiences.
  • Has a strong technical background. High level of fluency and experience using technologies and frameworks like (but not limited to) – Golang, Ruby on Rails, GraphQL, Node.js, Postgres, etc
  • Has experience with building blockchain-related software. Deep understanding of how technologies like Bitcoin & Ethereum work, Solidity (or any other smart contract language or platform), L2 solutions, etc are a huge bonus.
  • Has excellent written and spoken communication skills. This is extremely important. Communication is a big part of our remote + asynchronous work culture.
  • Has a proven track record of success in leading software development teams — strong technical mentorship is a must.
  • Is curious and passionate to constantly learn new things; Buycoins changes very fast, and we need the people who work here to be able to change and learn fast too.
  • Enjoys working with a diverse group of people with different expertise. The importance of collaboration with Support, Design, Growth, etc cannot be overstated.

We’re looking for people with passion, grit, and integrity. You’re encouraged to apply even if your experience doesn’t precisely match the job description. Your skills and passion will stand out—and set you apart.

Location:

Remote

Why work with Helicarrier?

  • A competitive salary, in USDC.
  • Stock options
  • MacBook Pro
  • Catered lunch
  • Health insurance, gym access, and pension
  • 20 days paid annual leave
  • Progressive remote work policy
  • An opportunity to do exciting, fulfilling work with great teammates

How to apply:

Write an essay (approx 700 words) per the prompt below.

Click here to get the Essay Prompt

Application Deadline:

Not specified

Submit your application by filling this form.

Future Africa Job Opening: Investment Associate

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About Future Africa 

Future Africa is an early-stage venture fund that connects investors to mission-driven founders who are turning Africa’s most difficult challenges into global businesses. Our mission is to fund a future where purpose and prosperity are within everyone’s reach.

We have 50+ portfolio companies with $20M USD under management including Andela and Flutterwave. Our fund is backed by the founders of Andela, Paystack, Jumpbike, and investors at Local Globe. If this sounds exciting to you, we should probably talk about working together.

Role: Investment Associate

Full-time, Fully Remote

Entry Level

Job Requirements 

  • Taking initiative, never waiting to be told what to do
  • 1-3 years work experience in a previous role in venture capital, startups, or financial services operations
  • A demonstrable passion for African startups and the technology sector
  • Ability to work remotely with fast wifi
  • Minimum 5+ hours overlap with WAT business hours

Responsibilities 

In this role, you’ll often find yourself…

  • Managing deal sourcing and pipeline-filtering applications, setting up meetings, communicating with founders throughout the process
  • Evaluating opportunities, conducting diligence, and working with portfolio companies to close transactions
  • Keeping meticulous, trackable records of fund operations and fund administration
  • Working with teams and service providers to set up approved deals, send them out, and close them
  • Tracking relevant trends and conducting in-depth market research and analysis
  • Supporting founders in and outside of the portfolio
  • Ideating on and providing feedback and insights into our investment theses

Prior Experience 

This role could be perfect for you if…

  • You’re an International Investment Professional
  • You love capital management and using investment for creating a better future. You’ve worked in multiple countries, for multiple startups, and/or studied at multiple universities and you’ve translated that experience into analyzing and driving deals.
  • You’re a Creative Financial Concierge
  • You love working with founders and matchmaking opportunities. You turn relationships into deal pipelines and make sure everyone has the right information at the right time.
  • You’re an Investment Industry Change Tracker
  • You’re consummately curious about how the industry is changing. You follow all the best and most trusted sources of information and thought leaders. And you share your knowledge to help make your organization and the industry better.

Application Deadline 

For priority consideration, please apply by 19 November 2021.

Apply for this job here.

AURA Raises $4M Series A Funding Round in SA for Security Startup

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AURA, a South African security and medical response firm has raised $4 million in a Series A round of funding to support its global expansion plans.

AURA is a marketplace startup that allows anyone to access the nearest approved private and public medical and security response unit to their location, with the aid of a connected device.

Co-founder of AURA, Warren Myers said “South Africa has one of the most advanced private security and emergency response industries which has the capacity to ensure safety to a greater number of people who might not currently have access to it”.

The new startup, AURA is already leading the marketplace of its kind in South Africa, having over 400,00o active users on its network. AURA expanded into East Africa and the United Kingdom (UK) at the beginning of this year, it is planning to further grow after banking its series A round that was led by Multichoice Group (MCG), Buffet Investments and KLT Holdings.

Another co-founder Ryan Green said “We are gearing some of the funding towards hiring top talent to head up each new region while growing teams in established regions- especially our tech team. The result is stronger relationships and value propositions for suppliers at all levels in the marketplace.

The CEO of Multichoice Group, Calva Mawela also spoke, where he said that the addition of value-added services for customers will hasten the evolution of the ecosystem.

“We are investing in scalable and innovative technology platforms like AURA. Not only does it strengthen our service offering and enhances long-term value creation for shareholders, but it also drives economic development and job creation,” he had said.

Paratus in Fibre Internet Deal for Namibia’s First Smart City, Ongos Valley

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Ongos Connect, a firm working with Ongos Valley, Namibia’s first smart city development project, has chosen Paratus Namibia, a subsidiary of Pan-African telecommunications company, to offer fiber access to over 11,000 new residents in the new city.

If you’re curious, the fiber internet is the most recent advancement in the way data is transmitted throughout the world. It’s much quicker than cable and much faster than dial-up, and it can carry a lot of data over a single line, easily exceeding multiple terabytes of data transfer.

According to the IT News Africa website, the agreement marks the end of a two-year planning process in which Paratus worked on constructing the infrastructure needed to offer households fiber connectivity. Residents of the Ongos Valley will receive 1 GB of free data per month for the first five years of their residency as part of the arrangement.

Ongos Valley is a long-term investment in an urban and sustainably managed environment driven by green and solar energy, where technology and data inform the effective management of resources and assets. It is located in Namibia’s north-western corridor, not far from Windhoek.

Every home and business will have access to fiber connectivity. Services will be integrated so that they can be managed at the most efficient and cost-effective levels for everyone.

The Ongos Valley project’s first phase entails the construction of approximately 4,500 dwellings and accompanying infrastructure. Another 24,000 residences, 21 schools, parkways, greenways, and commercial centers will be built in the next phases.

Africa Health Holdings, a Healthcare Firm, Has Raised $18 Million in a Series A Funding

Africa health holdings, a startup healthcare company has raised $18 million in Series A funding which is tailored towards raising a technology onward healthcare system in Kenya, Ghana, and Nigeria.