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Black Wall Street unleashes two programs to redefine African commerce from colonial past

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By Reporter

By Charles N Lambert

The Black Wall Street has unleashed two programs to redefine African commerce from the colonial past. This is to further the Economic War to set Africa free from European invaders who structured African trade to suit their selfish interests.

Colonialism had a huge impact on the lives of Africans. Economic policies were adopted by Europeans who destroyed the colonies, rather than help them. Africa was damaged economically, politically, and culturally.

Africa’s traditional lifestyles and culture were destroyed. The Europeans had no interest in traditional African culture and had no concern for the Africans. There were several negative effects of colonialism that became evident after many African nations became independent.

The economic structure of African society was changed by European invaders. Cash crops were introduced to meet the industrial needs of European countries. Cocoa, coffee, tea, and cotton were the main cash crops produced on a large scale. Several minerals were mined extensively.

The problem with this was that cash crops were focused on instead of food for basic needs, compassionate capitalism was ignored, leading to famine among many Africans. Europeans changed the economy from a model of producing foods for needy to mainly the production of cash crops. All crops produced by Africans were exported and prices were set by the colonies.

Africans were not allowed to grow these cash crops to benefit themselves. Trade was prohibited between Africans, so they were forced to export all cash crops produced and minerals mined.

European colonial powers did not plan to industrialize or modernize Africa. Africans were used to solely produce raw materials, export them to Europe, and then re-export them to Africa as final products, sold at high prices and Africans could not afford to pay for these products.

Away from that, With the current outlook for 2020, the economy is rapidly declining due to the coronavirus pandemic which has ravaged many countries and at this moment only continents with strong commerce structures can survive the economic breakdown caused by the virus.

Millions of people have already lost their jobs and are looking for other alternatives to survive. The unemployment rate, which sank to nearly 50-year lows, is expected to soar into double digits.

The Black Wall Street (BWS), led by Charles N Lambert, economic activist and Leader of Africa’s first economic war unleashed the two programs to redefine African commerce, make the movement of goods and money possible within Africa, create more job opportunities, aid the growth of businesses and boost Africa’s economy.

Charles explains that Africa is the only continent in the world that trades more with outsiders than itself. This is because Africa’s trade structures were designed by foreign invaders, as stated earlier in this article.

Business owners in Africa boast of imported products, including toothpicks from China, toilet paper and milk from Holland, sugar from France, chocolates from Switzerland, and matchboxes from Sweden.

Yet many of these products are produced much closer—in Ghana, Morocco, Nigeria, South Africa, Uganda, and other African countries with an industrial base.

So why do retailers source them halfway around the world? The answer: inefficient trade structures, a patchwork of trade regulations, and tariffs that make intra-African commerce costly, time-wasting, and cumbersome.

Worried by these trade structures that have failed Africa, the Black Wall Street took it upon itself to set up Africa’s first true trade structures that connect its commerce in the movement of goods and money.

These trade structures have been divided into two, which are Payment facilitator and Fulfillment facilitator. These programs are meant to grow local businesses, boost inter-African trade, rev up industrialization, and create jobs within Africa.

Payment facilitators are people in 600 locations across Africa, these people will aid the movement of money through the Development Channel App. As we all know, in Africa, there’s no reliable structure in place where one can move money from West Africa to North Africa, thereby making trade among African nations impossible.

The Black Wall Street believes that a country’s economic growth is not generated by the government, it is generated by the people of a country through the final goods and services bought by the final user, produced in the country, in a given period of time. This generates wealth through the accumulation of profitable balances.

For this reason, Black Wall Street developed the two programs infused into the Development Channel App to make the movement of money and goods easier in Africa by Africans.

Development Channel App, according to Charles Lambert will help bridge the development divide between developed and underdeveloped countries through the use of 25 empathy-driven companies covering the creation of the strong middle class, food security, and strong infrastructure among the world’s most disadvantaged.

When Africans import and export goods within the continent using the Development Channel App to facilitate payments, it works faster and easier, this saves the continent a lot of money being spent on capital fights.

Capital flight is a major problem in Africa as it impacts negatively on capital scarce economies.

Trillions of dollars have flown out of Africa over the last four decades. Capital flight has accelerated since 2000, a period that coincides with the commodity-driven growth resurgence in Africa.

Evidence suggests that capital flight has significantly undermined Africa’s growth and development – through the siphoning of potential investment capital out of the continent.

Capital flight is a global problem requiring a global solution. However, Africa, as a major source of capital flight, needs to speak with a unified voice on this issue and to spearhead the fight against capital flight, including the tracing and recovery of these ‘stolen’ assets. This is why Black Wall Street is leading the fight to save Africa from losing more millions.

Now, the payment facilitators are individuals who will stand as financial industry to facilitate payments related to e-commerce on behalf of numerous businesses across Africa through the Black Wall street Platform.

The facilitators are seen as the wheels of the economic war led by Charles N Lambert.

Across Africa, there has historically been a heavy reliance on cash, with around 95 percent of retail transactions taking place in cash. Global and local organizations are investing in innovative digital payment systems and new disruptive payment tools to displace cash while delivering new levels of inclusion to the benefit of consumers, businesses, and governments. One of the leading technology to help fight the displacement of cash transactions in Africa is the payment facilitators through the Development Channel App.

Although many people in Africa now have a mobile phone and laptops, some say they don’t trust the technology. They fear that if the device is stolen, their money will be too, so they prefer to handle all transactions in person which has left Africa far behind global development.

Charles explains that the payment facilitators will have a critical role to play in the Economic War by making payments to different people on behalf of Black Wall Street through the Development Channel App. This is because the Economic War will be dealing with millions of Africans on a daily basis.

BWS has also set up 600 virtual branches across Africa, each of these virtual branches has 10 payment facilitators assigned to work with and about 1,000 stay at home mothers, 10,000 models and 20,000 teachers who are doing great jobs of promoting the Development Channel App so that Africa can participate and experience the true change that comes with digital technology.

The role of the payment facilitator will be to process payments on behalf of these stay at home mothers, teachers, and models using the Development channel App.

The facilitators also earn about $200 – $1,000 daily while helping move the funds around through the well crafted App.

Being more like a middleman in the financial transaction, the payment facilitator is fighting an economic war of its first kind to restore Africa’s glory.

Fulfillment facilitators on the other hand, will be warehouse owners in Africa who will offer up an end-to-end solution.

Charles N Lambert explains that the fulfillment facilitators will run a Warehouse on behalf of African producers through the Redirect Mall. And this is perfect for logistics minded professionals to work from anywhere through The Black Wall Street platform.

The Redirect Mall is an online Mall dedicated to fighting the Economic War. It is a place where Africans can buy African products in bulk. The Black Wall Street is introducing this program to make sure Africans have easy access to goods produced by manufacturing companies in the continent.

According to Charles N Lambert, these warehouse owners in the Economic War are people who will help process goods and send them out to the outlets for sales. These people also, will help store the goods, keep logistics, and ensure the delivery of orders from business owners.

The goods will be supplied to the warehouses by different African companies and the job of the fulfillment facilitator will be to manage the warehouse, the people that work in the house, and the tracking of products from different companies.

Charles reiterated that the aim of these programs is to stop the European economic invaders from bleeding Africa. Giving an example of how a company that sells mobile phones in Africa makes away with the sum of 60 billion US dollars annually from Africa, Charles said it is time for Africa to fight back and restore its economy.

Being a warehouse owner is very important in Africa’s first Economic War, this is because Africa is the only continent in the world where there is no inter-trading. The European invaders designed the African trading structure in such a way that Africans cannot trade among themselves.

Goods produced in Africa are majorly exported to countries like France, the United Kingdom, the United States of America instead of being exported within the continent.

As a fulfillment facilitator or warehouse owner, you will enable inter-trading in Africa, as your duty will be to take products from companies, other warehouse shelves, pack them, hand them to shippers and then send a notification to your customers to let them know their packages are in transit.

The Fulfillment facilitators will make the movement of goods across Africa possible, easy, and most importantly, will connect Africa’s economy into one.

The warehouses will be spread across African countries and will service outlets made in Africa products. The fulfillment facilitators will make sure there is a connection of trade, inter-trade between all African countries.

The fulfillment facilitators, described as “movers of the Economic War”, according to Charles, will save Africa over 100 billion USD spent in capital flights annually. And when this is done, there will be job opportunities, unemployment in Africa will begin to disappear, African countries will be able to fund projects without having to seek donors from European countries.

As a fulfillment facilitator, you will be able to earn money by managing the warehouse, from the products and you will be given equity share of the building as everything will be handed over to you to manage.

These are good developments and the first of its kind in Africa. All packaged in the Development Channel App by Black Wall Street.

If all 55 African countries join the Development Channel App movement, which is more like a free trade area, it will be the world’s largest by number of countries, covering more than 1.2 billion people and a combined GDP of $2.5 trillion.

The European Union and its free trade agreement took decades to establish. Africa is now hoping it can achieve the same in a fraction of the time.

Goods, services, and perhaps labour, flowing freely in and out of these 55 African countries.

It could create tens of thousands of jobs and significantly reduce unemployment among the continent’s youthful population.

It’ll boost trade between African countries and would be instrumental in moving the whole continent away from the narrative of simply being a place where the powerhouse economies of the West and East come to get their raw materials.

The Black Wall Street, having set the foundation for the realization of the free trade zone policy of Africa, looks forward to gaining more industrial and value-added jobs in Africa because of inter-African transactions.

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Local Business

Nofeka, a new online retailer platform launched

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By Our Reporter

Nofeka, a new Ugandan online retailer platform has been launched. The new platform comes at a time when there is limited movement of people and access to food markets and produce stores due to the on going COVID-19 pandemic.

Kiyega Daniel the retailer’s founder and CEO says its thus the right time to launch an online retailer platform that also does deliveries so as to ease life for Ugandans mostly those affected by movement restrictions.

With an offering of a wide range of products ranging from groceries, clothing to electronics, furniture and toiletries among others, the retailer’s founder Kiyega says they are targeting to have at least 10,000 orders a month with in one year.

This, according to the firm’s projections, will grow to 1 million orders a month 5 years down the road as they step out of Uganda into East Africa and Africa at large.

Download the Nofeka app on Google Play or Apple store or visit their website  to get started.

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Local Business

Fin tech app, Cash Chat to reward users with mobile phones

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Asher Namanya, the founder and developer of Cash Chat App

Asher Namanya, the founder and developer of Cash Chat App

By Our Reporter

Financial technology app, Cash chat that has been giving opportunities to those looking at sustainable self employment through signing up on it and signing up other users for a commission has expanded its offering.

With over 100000 users across East Africa, the app has new features and customers can now do a number of other things like chat, make calls for free on the app, send money abroad and win great prizes!

In partnership with Pixan Uganda, all new customers who sign up to cash chat now by downloading the app, becoming members and take a picture of themselves and their phone showing the app will win brand new Pixan M9 phones, power banks and other accessories.

Cash chat now also gives members a chance to make additional money through bringing adverts onto the platform for a commission and saving on the app where they can earn good interest on the cash chat savings product.

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BigEye Money

Infinix to Unveil a Smartphone Beyond Performance

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By Staff Writer

Infinix Mobility as a tech company has continuously proved extremely impressive in the smartphone industry with its latest upcoming device, the NOTE7 aimed at providing users with an ultimate smartphone experience at a reasonable price.

The NOTE7 is the successor of the NOTE6 which was launched last year in July. The Infinix NOTE series have been known for their big battery, performance power consumption and fast charging among many other remarkable features. Although previous NOTE series come with an X-pen as seen in the NOTE4 Pro and NOTE5 stylus and NOTE6, it is rumored that the NOTE7 does not come with an X-pen but is said to be upgraded with more functions.

The NOTE7 is said to come with a 6.95-inch display which is much larger than its predecessor (Note 6) with quad-rear cameras with a 48MP with f/1.79 aperture, a 25mm 2MP macro lens, a 2MP depth sensor, and a low light video camera with front-facing punch-hole camera as the selfie camera. 

Infinix is said to have made a major upgrade with the NOTE7’s internal storage capacity of from the usual 64GB to 128GB expandable to 258GB with a change in the finger print scanner position from the back of the device to the side-mounted position and a massive 5000mAh battery, the first of its kind for the NOTE series which have been powered by a 4000 mAh battery.

The Infinix NOTE 7 is also said to run on a 1.7GHz Octa-core Mediatek Helio G70 gaming CPU which seems perfect for gamers.

Rumor also has it that Infinix Uganda has partnered with the one of the biggest network service providers in Uganda, Airtel to launch the Infinix flagship of 2020 with something special for the NOTE7 customers.

The new device to be launched is said to come with two model options that is Infinix Note 7 and Note 7 Lite and both devices will be available in three colors.

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CoronaVirus Uganda

Great Lakes Energy Company donates 5 Brand New Cars to COVID-19 Taskforce

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Great Lakes Energy Company has donated five brand new Nissan Double Cabin Pick-ups to the Covid-19 national taskforce.

By Our Reporter

Great Lakes Energy Company (GLE) has handed over five brand new Nissan Double Cabin Pick-ups worth 134,300 US Dollars (approximately UG Shillings 507.6m) to Hon. Mary Okurut, the Minister In Charge of General Duties and the head of the Government Covid-19 taskforce.

The five cars will help transport medical workers and distribute food across Uganda as the country continues to curb the COVID-19 pandemic.

GLE has always contributed to the communities that they operate in across Africa by supporting sustainable development projects, mainly in Health, Education and Conservation.

Commenting on the donation, GLE Director Michael Kearns said: “Given the gravity of the ongoing pandemic, we felt it prudent to respond to the President of Uganda’s appeal for additional logistical support to boost the Ministry of Health’s fleet. We are honored to contribute to the alleviation of the COVID-19 pandemic in Uganda by donating these 5-brand new pick-up trucks that will be used to transport food and medical workers to the areas they are needed the most”, he noted.

Speaking on behalf of the COVID-19 taskforce, Hon. Mary Okurut thanked GLE for the donation that will go a long way in providing additional support to the taskforce as it implements the different interventions to curb the spread of the virus.

Guided by two main pillars of strengthening healthcare infrastructure and providing assistance to the most vulnerable communities, GLE allocates funds, separate to the operational business expenditure, to support chosen philanthropic and Corporate Social investment endeavors. Last year, the company worked with local partners to fund a health outreach activity in Rushere district as well as a youth sports tournament to teach Uganda youth about teamwork and leadership.

This donation is part of Janus Continental Group’s Africa-wide COVID-19 response and shows the huge potential of public and private sector partnership, bolstering the efforts of civil society and healthcare institutions. Standing together with governments and societies, JCG is guided by the WHO call for whole-of-government and whole-of-society approach in responding to the COVID-19 pandemic.

In January 2019, GLE completed the $25 million Uganda-based Kabulasoke solar power plant developed in conjunction with the Uganda Electricity Transmission Company Ltd. The 24MW solar power plant, which is already connected to the national grid, serves over five million people in rural Uganda.

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