Four months ago, Abolaji Odunjo made a fundamental change to his business selling mobile phones in a bustling street market in Lagos: He started paying his suppliers in bitcoin. Odunjo sources handsets and accessories from China and the United Arab Emirates. His Chinese suppliers asked to be paid in the cryptocurrency, he said, for speed…
Tag: kenya
Blockchain and 5G to Transform The Developing World
The biggest topic in the mobile industry over the last few years has been 5G. In an industry that has been starved for innovation in this interregnum between the launch of the iPhone and the full-scale integration of next-generation technologies like augmented reality, artificial intelligence and blockchain, the introduction of the 5G network has become…
Reliance buys into Gulf Africa Petroleum Corp
A picture of Reliance’s Jamnagar petrochemical refinery complex Refiner Reliance Industries said on Tuesday it had bought a majority stake and management control of east African oil retailer Gulf Africa Petroleum Corp (GAPCO) for an undisclosed sum. Reliance, India’s largest private company, operates a 660,000 bpd refinery in India. Reliance Petroleum Ltd, a subsidiary in…
Alternate Investments 