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Four Countries Lead Blockchain Experimentation in Arica.

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Kenya, Nigeria, Uganda and South Africa have been listed among countries taking the lead in blockchain experimentation. The four nations have been recognized as pioneers in Africa in terms of financial inclusion and technology adoption.



“Africa is rising and technology is at the forefront of our growth as a continent,” said John Kamara, Director for Global Gaming Africa, an industry leader in the continent’s betting arena.

He was speaking with Katy Micallef, an Author for the ‘Malta Blockchain Summit’, an event slated for November 2018 in Malta, Europe that aims to showcase developments within the industry.

“We have seen the explosion of the mobile space in the continent and how it has allowed a number of services and solutions to become easier. Blockchain is about to help solve a number of issues we are currently facing in the public and private sector. Pockets of blockchain innovation are fast springing up in innovation hubs across Africa, as the public and private sector alike seek effective new systems of record with trust embedded,” he added.

Speaking in regard to the Malta Blockchain Summit, he explained that with Kenya, Nigeria, Uganda and South Africa among the countries taking the lead in blockchain experimentation, the financial sector looks set to be the continent’s earliest big adopter.

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He noted, however, that development and trials are also underway to apply blockchain technology to virtually every industry sector, from health and social development to retail and agriculture. Governments are exploring ways of using blockchain to aid corruption across multiple verticals and also to push value to service sectors.

According to Kamara, other countries like Kenya and Nigeria have either setup a blockchain committee or advisory programs to explore the opportunity. Some of the happenings in the private sector around blockchain education are key to usage of the technology, such as IBM research on blockchain and movement of trade in Africa. ITEX, a payment solution company, servicing multiple POS solutions and software for banks across Africa is exploring blockchain for security and trust.

He said that some momentum has been gathered around the use of blockchain in Africa so far and throughout 2018.

Jamborow, the Pan African business to business (B2B) platform for financial inclusion in Africa is also building a blockchain solution to help secure data, transactional information and identity management for her clients in Africa.

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24 Hours Across Africa

World food prices hike for first time in five months: U.N. FAO

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World food prices rose for the first time in five months in October, boosted by jumps in quotations for sugar and cereals, the United Nations food agency said on Thursday.

The Food and Agriculture Organization (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 172.7 points in October, up 1.7% on the previous month and 6.0% year-on-year.

FAO also predicted that cereal production would be 2.704 billion tonnes in 2019, slightly lower than its last forecast.

The FAO sugar price index jumped 5.8% from September levels, largely because of expectations of lower supplies in the year ahead following forecasts of large reductions in sugar output in India and Thailand.

The cereal price index rose 4.2%, with wheat and maize export prices climbing on the back of reduced crop prospects in several major producing countries and “robust trade activity”. By contrast, rice prices fell, hit by subdued demand and expectations of an abundant basmati harvest.

The vegetable oil price index increased 0.5% to reach its highest level in more than a year, while the meat price index rose 0.9%, driven by higher import demand especially from China.

By contrast, the dairy price index dropped 0.7% in October, as lower quotations for cheese offset increases in those for skimmed and whole milk powders, FAO said.

FAO lowered its forecast for global cereal production in 2019 by some 2 million tonnes, pegging world cereal output at 2.704 billion tonnes, but still up 1.8% from 2018 levels.

The U.N. agency said worldwide coarse grain production in 2019 was seen at 1.425 billion tonnes, down 1.3 million on the previous forecast.

Wheat output was seen at 765 million tonnes, down nearly 1 million tonnes on the last outlook, but still on course to set a new record and up 4.5% on 2018 levels.

The forecast for global rice production was put at 513.4 million tonnes, little changed on the previous forecast and slightly below 2018 levels.

Source: Reuters

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24 Hours Across Africa

Director Genevieve Nnaji reacts over Oscar snub.

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Nigeria’s first-ever Oscar submission for best international feature film has been disqualified by award organisers, sparking criticism from its director.

Films in this category, formerly best foreign language film, must have “a predominantly non-English dialogue track”.

However, the 95-minute film Lionheart is largely in English, with an 11-minute section in the Igbo language.

Director Genevieve Nnaji  said the film represented how Nigerians communicate.

The disqualification of the film by The Academy of Motion Picture Arts and Sciences was announced to voters in an email on Monday, according to The Wrap.

Ava DuVernay, director of Selma and A Wrinkle in Time, questioned the decision on Twitter, pointing out that English is Nigeria’s official language.

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Ms DuVernay became the first black woman to direct a live-action film with a budget of more than $100m in 2016.

Ms Nnaji, who directed and starred in Lionheart, thanked Ms DuVernay for speaking out, saying the film “represents the way we speak as Nigerians”.

She added: “This includes English which acts as a bridge between the 500+ languages spoken in our country.”

In another tweet, she said: “We did not choose who colonized us. As ever, this film and many like it, is proudly Nigerian”.

English is still the official language of Nigeria because of British colonisation, which lasted for nearly a century until independence in 1960.

Lionheart, which is currently streaming on Netflix, is about a Nigerian woman trying to keep her father’s company together in a society dominated by men.

Media captionThe Tanzanian making ‘pure African’ film costumes

The best foreign language film category was changed ahead of the 2020 awards to best international feature film, with the Academy saying that the reference to “foreign” was “outdated within the global filmmaking community”.

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