Equating capitalism with colonialism, Africa’s nationalist leaders rejected it and adopted socialism in the 1960s. Foreign companies were nationalized, a string of state-owned enterprises was established and a plethora of state controls on rent, prices, imports, and foreign exchange were imposed to capture the commanding heights of the economy.
Africa is the most resourcefully blessed continent in the world. But while many of its countries are struggling with financial instability and avoidable economic downturns, the cryptocurrency has all the potential to make them prosper. Unlike before, Africa may have a viable solution to its many problems.
Africa is known for its vast untapped mineral resources than any other place in the world. Its human and technological potentials are also limitless but all are greatly limited by the inability of leaders to solve problems affecting key areas towards development like agriculture and the electoral process.
Nigeria, Africa`s biggest economy and the world`s most populous black nation recently conducted its 2019 general elections which saw the incumbent President Muhammadu Buhari re-elected, although not without a fight from his main opposition Atiku Abubakar a business tycoon and former vice president.
As the sharing economy develops, the opportunities for cutting out the middle-man seem endless. After Lyft and Uber revolutionised personal transport, BlaBlaCar challenged public transportation and Airbnb overthrew our concept of monetising our own properties, Safarisource attempts to do the same thing with safaris. Launched at the INDABA tourism trade fair in South Africa on May 16, safarisource.com connects tourists with local African tour operators.