Economics & Financials

Zimbabwean inventor unveils amazing new prototypes |This is Africa

 Zimbabwean inventor Sangulani Chikumbutso defied at least three laws of physics with his invention of a “self powered generator” reports Malcolm Meja of Zimbabwe’s Business Connect.  You would think such an achievement would gain him world acclaim. This is not the first of Chikumbutso’s inventions. This high school, form 2, dropout invented a radio broadcasting transmitter back in 1999 despite the impoverished state that caused him to leave school.

Saith Holdings was registered under the companies Act in 2013. After years of struggling as Chikumbutso could not secure funding to kick start his projects as no one shared the same vision as him perhaps because his projects especially his Greener Power Machine a self powered generator,” writes Meja. “The world is now, after years of discrediting Chikumbutso machine,  embracing the ingenious innovations. Saith Holdings has secured contracts with Brazil and Angola to provide electricity using The Greener Machine.“…  

Zimbabwean inventor unveils amazing new prototypes

This is Africa reports:

Zimbabwean inventor unveils amazing new prototypes

Yes, Sangulani Chikumbutso was on Monday launching some of his company’s products which included a hybrid engine-powered helicopter, an electric car, a magnetic converter, a ‘green’ power generator and a special drone.

With this launch, he has established himself as the first Zimbabwean to design and make an electric-powered vehicle and a hybrid helicopter:

Zimbabwean inventor unveils amazing new prototypes

Below Chikumbutso demonstrates his drone invention.

Zimbabwean inventor unveils amazing new prototypes

via Zimbabwean inventor unveils amazing new prototypes.

The world does not aid Africa – Africa aids the world! – This Is Africa

Foreign developed nations often wax lyrical about their generous donations of aid to Africa. But a coalition of UK and African researchers has released research findings that illustrate how the continent actually loses over six times the amount it receives in aid.

via The world does not aid Africa – Africa aids the world! – This Is Africa.

African Designers Gaining Success in Global Markets As Consumers Pull Away From European Designs ‘Inspired’ By Africa – Atlanta Blackstar

Global fashion designers like Yves Saint Laurent took inspiration from Africa decades ago and more recently brands like Burberry, Louis Vuitton and Christian Dior have embraced the continent’s style and broadened its appeal. But consumers now want products made by Africans, not replicas produced by Western clothing chains, according to Bethlehem Tilahun Alemu, who owns Ethiopian shoe company, soleRebels, which has a dozen stores from Singapore to Greece.

“The global consumer today is hyper-aware. They want authentic and innovative ideas delivered from the authors of those ideas,” Bethlehem said. “We have always had incredible design and production talent here, but it was invisible. That is changing.”

via African Designers Gaining Success in Global Markets As Consumers Pull Away From European Designs ‘Inspired’ By Africa – Atlanta Blackstar.

Is 4-H trying to hook African farmers on costly seeds? | Grist


African seeds

When Kiera Butler went to Ghana to research what the farm education program 4-H was doing there, she found that it was working with the American seed company DuPont Pioneer to teach small farmers how to use high-yielding hybrid seeds. That’s part of her book, Raise: What 4-H Teaches Seven Million Kids and How Its Lessons Could Change Food and Farming Forever, and she published a story about it in Mother Jones titled: How America’s Favorite Baby-Goat Club Is Helping Big Ag Take Over Farming in Africa.

via Is 4-H trying to hook African farmers on costly seeds? | Grist.

Black Neighborhood Unites to Open a Grocery Store | Techyville | #OYRchallenge

This is the America I remember. With all of the haggling over politics and city officials doing their jobs appropriately, folks are getting tired of waiting. One New Black Wall St. GoFundMe campaign by the residents of Moodus, Ct, mainly Oya – Tef Shu, are bidding on an abandoned town up for auction in Connecticut to build a complete New Black Wall St community.

…for the empowerment of our people, and to create a front for independant black owned businesses to establish themselves. This is also a time for us to create housing for the black community , create schooling that is for us and taught by us , also a golden opportunity for us to practice agriculture and produce fresh and all natural foods.

Their campaign has taken in an added $1,000 in the last two hours, while I researched other action-oriented communities. We can only imagine how much more their campaign will garner before I finish this post. Habari  Gani, America! salutes your efforts.

Another move forward is by the Renaissance Community Co-op, a Black northeast Greensboro, North Carolina neighborhood, who are without a local grocery market. The residents decided it was time to band together and open one of their own. The video and excerpt from the titled Kacie Whaley article explains it all.

This is what happens when good people get sick and tired of the same ole thing pushed on them the same ole way.

In 2012, community members and leaders gathered  to form the Renaissance Co-op Committee RCC.  The RCC dedicated themselves to learning the ins and outs of opening and maintaining a cooperative grocery store, according to the store’s webpage.

In 2013, the RCC elected its Board of Directors for what would become the Renaissance Community Co-op, including a black president.

The aim of the community-owned store is to provide Greensboro with “healthy foods at affordable prices and [commit to] locally sourced foods, community education and dignified jobs,” the store’s webpage reads.

The co-op is serious about being committed to providing its workers with a livable wage.  They are starting their employees out with a wage of $10 per hour.The store is projected to open its doors officially in 2015, but for now, they are preparing for that day with community meetings and newsletters.  They are also taking donations and seeking those interested in becoming co-owners.

The co-op created a video called “We Want Co-op” in which members of the community, both young and old, express their desire to have a grocery store that citizens own and that they “can walk to.”

via Black Neighborhood Unites to Open a Grocery Store | Techyville.

Lions Go Global: Deepening Africa’s Ties to the United States

African Annual GDP, 2000-13

Africa is transforming from a continent in need of assistance to a continent of opportunity. Its economic growth is today second only to the East Asia region, which includes China,1 and Africa was home to 8 of the world’s 15 fastest-growing economies between 2000 and 2013. Indeed, the continent’s GDP of more than $2 trillion in 2013 is now larger than India’s.

via Lions Go Global: Deepening Africa’s Ties to the United States.

Streets & People of Monrovia. LIBERIA. West Africa – YouTube

Liberia was established by citizens of the United States as a colony for former African American slaves and their free black descendants. It is one of only two sovereign states in the world that were started by citizens of a political power as a colony for former slaves of the same political power: Sierra Leone was begun as a colony for resettlement of Black Loyalists and poor blacks from England for the same purpose by Britain. – Wikipedia,

Uploaded on Feb 5, 2012

Liberia’s capital Monrovia, Australian tourist on a motorcycle.

0:00 Downtown
3:53 Perry Street
5:58 Johnson Street
6:35 Frances Doe General Market
7:03 Waterside
8:46 Revolutionary Road Beach
9:35 Miami Beach
10:02 West Point
11:51 Tubman Boulevard
12:10 Barolle Practice Ground
12:44 Singkor Beach
13:46 Congo Town

Track list:
0:04 Alonzo – “Letter To the President”
4:09 Morris Dorley – “Who Are You Baby”
6:15 Marc Aryan – “Liberte”
7:22 Killa D & Devilsky – “LIB Boys”
8:47 Tru Storry – “Everybody Song”
10:03 Monrovia – “Forgayzee”
12:44 Eazy P – “More Money More Problems”
13:46 K47 – Servivor

GoPro HD Hero
October/November 2011

via Streets & People of Monrovia. LIBERIA. West Africa – YouTube.

Financial Juneteenth | How One of The Richest Black Women In The World Did It With No College Degree | #OYRchallenge

Our beautiful billionaire Nigerian queen, Folorunsho Alakija, trumps the rush to college promoted by American politicians. She is rich and did it all without a college degree. As of late, we are seeing many clock the 7 figure mark before scaling the ivory towers. Most are teens. So what does they say for the future of academia? Only Folorunsho can answer that question. Folorunsho Alakija

When you go to high school you are pushed to figure out which college you want to attend and what you would like to do with your life. They make college out to be something that you must do if you want to be successful. This is not always the case however. You can still be very successful in life without having a college degree under your belt. That is exactly what Folorunsho Alakija did. She is Nigeria’s wealthiest woman. She revealed recently that she never went to college but yet she has still managed to become a billionaire.

via Financial Juneteenth | How One of The Richest Black Women In The World Did It With No College Degree.

Financial Juneteenth | 15-Year-Old Teen Launches Investment Firm, Writes Two Books |#OYRchallenge

Warren Cassell, Jr.

The 15-year-old budding entrepreneur first started his Island business at the tender age of eight. He supplied greeting cards to customers, the whole process of which, including the graphic designs, he did all by himself. The only help along the way for his business was a small capital outlay from his parents to get him started. He became successful and attained international customers.After his success in the greeting card company, young Warren turned his hand to making investments in hedge funds, private equity, and real estate, all by the time he had reached the age of 13. His company, the Abella Group, now has around 50 to 60 clients worldwide for whom he designs and maintains websites.

via Financial Juneteenth | 15-Year-Old Teen Launches Investment Firm, Writes Two Books.

lhaji Aliko Dangote | How investing in Africa made this man 7 Times Richer than Oprah Winfrey

lhaji Aliko Dangote

 is one of the richest men in the world.  He is currently worth $20.8 billion dollars and is the richest man in all of Africa.  Here are a few facts about Dangote that you may find intriguing:

via Financial Juneteenth | How investing in Africa made this man 7 Times Richer than Oprah Winfrey.