Saturday, June 27, 2015

Emperor Mansa Musa


If You’ve Heard Someone Say Bill Gates Is The Richest Man Ever, You Have To Show Them The Wealth Of This Noble African King.


Mansa Musa
Richest Man to Ever Live
Emperor Mansa Musa I, an African king from the late 13th century, is considered the richest person to ever live, with an estimated net worth of $400 billion, according to www.celebritynetworth.com, above the noted Sam Walton, Warren Buffett and Bill Gates combined wealth. 
Mansa-MusaAppointed to the Throne
Musa came to the throne of West Africa’s Malian Empire through a practice of appointing a deputy when a king goes on his pilgrimage to Mecca or journeys somewhere else and later naming the deputy as heir. According to historians, Musa was appointed the deputy of Abubakari II, the king before him, who had reportedly embarked on an expedition to explore the limits of the Atlantic Ocean and never returned.



timbuktu
Responsible for the Prominence of Timbuktu, One of the Greatest Cities in History
In 1330, the kingdom of Mossi invaded and conquered the city of Timbuktu. Gao had already been captured by Musa’s general, and Musa quickly regained Timbuktu and built a rampart and stone fort, and placed a standing army to protect the city from future invaders.
Through Musa’s influence, Timbuktu became a center of trade, culture and Islam and one of the most famous cities in the world. Markets brought in merchants from the Middle East, Egypt and other African kingdoms.
The University of Sankore in Timbuktu was restaffed under Musa’s reign with jurists, astronomers and mathematicians. It became a center of learning and culture, drawing Muslim scholars from around the world.

Mansa MusaMajor City-Building
Musa did not only embark on a large building program, building mosques and madrasas in Timbuktu and Gao, he also did so in the cities of Djenné and Ségou. He brought architects from Spain and Cairo to build palaces in Timbuktu and the great Djinguereber Mosque.
During this period, there was an advanced level of urban living in the major centers of Mali. Sergio Domian, an Italian art and architecture scholar, wrote the following about this period: “Thus was laid the foundation of an urban civilization. At the height of its power, Mali had at least 400 cities, and the interior of the Niger Delta was very densely populated.”
african-king-richWealth Through Salt and Gold
Musa made his unprecedented fortune by maximizing his country’s salt and gold production and through widespread construction of mosques that still stand today, 700 years later. He imposed his rule on trans-desert trading towns such as Walata. Musa’s rule produced more than half the world’s supply of salt and gold.
News of the Malian Empire’s city of wealth even traveled across the Mediterranean to southern Europe, where traders from Venice, Granada and Genoa soon added Timbuktu to their maps to trade manufactured goods for gold. 
tumblr_inline_n201ujScWX1qbv71vHistoric Pilgrimage to Mecca Caused a ‘Great Depression’
When Musa made his pilgrimage to Mecca in 1324, it was an historic event. He had a procession that included 60,000 men, each carrying four pounds of gold bars. Musa funded the excursion for all, including dozens of animals. The poor on his route were the recipients of gold from him.  Musa’s vast dispensing of gold was so huge that  he upset the value of goods in the region. Gold became more plentiful and, therefore, worth less. In the cities of Cairo, Medina and Mecca,  gold was devalued for an entire decade.   To rectify the gold market, Musa borrowed at a high interest rate all the gold he could carry from  lenders in Cairo. He directly controlled the price of gold in the Mediterranean, reportedly the only time in history one man has done so. Furthermore, it has been recorded that he built a mosque every Friday.

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One of the Greatest Statesmen in History
Musa also enclosed a large part of the Western Sudan within a single system of law and order. He did this so successfully that the Moroccan writer Ibn Battuta, traveling through Mali about 12 years after Musa’s death, found “complete and general safety in the land.” This was a huge political success, and made Musa one of the greatest statesmen in the history of Africa.
cropped-cropped-hajj-11Lost Fortune, But Legacy Remains
The death of Mansa Musa is highly debated among modern historians and the Arab scholars who recorded the history of Mali. After Musa’s death in 1331, his heirs were unable to maintain the fortune, and it was substantially depleted by civil wars and invading armies. While Musa’s palace has since vanished, the university and mosque still stand in Timbuktu today.




Saturday, June 13, 2015

10 Business Opportunities in Africa That Will Create More Millionaires in 2015


african-business-millionaire
Oil revenues? Nope, not for today’s fast emerging African entrepreneurs and millionaires! Are you wondering in which sectors you will find the most profitable business opportunities in Africa? Then this article is for you! It was written by my business partner John-Paul Iwuoha of smallstarter.com for the New Year – and as we have just entered June and are almost half a year in, I thought it was the perfect post for those of you who are still trying to navigate through Africa’s opportunities, and a reminder that time is passing by so quickly.
Let’s renew our sense of urgency!
My tip if you feel overwhelmed: 1) Look out for a sector that excites you the most regarding a start-up venture or an investment – something of real interest to you 2) Then choose the best 1-2 markets (countries) for the particular sector you chose, and 3)  Look for unique opportunities or problems that need to be met within that sector and country.
Now, here is the article for you! Enjoy!
Last year, there were several inspiring success stories of African entrepreneurs who built successful businesses out of simple everyday needs, problems and challenges. 2015 will be a lot better. I can feel it already!
It’s true there are lots of amazing business opportunities in Africa. However, it can get very confusing if you don’t know where to look. In this article, I’ll show you ten of the hottest business opportunities in  Africa that will create more successful entrepreneurs and millionaires in 2015.
‘The best place to find gold is to look where it has been found before.’ The opportunities in this article have created some of the biggest successes Africa has ever seen. If you want to increase your chances of building a successful business in 2015, these opportunities could make your dream come true.
Let’s meet them…
1.    Media and Entertainment
1.1 10 African Business Opportunities for 2015 2Africa’s film industry has become a global and cultural phenomenon that enjoys a huge following within and outside the continent.
The industry serves an audience that’s hungry for African stories of love, drama, intrigue, comedy, redemption, action and more. It’s no surprise that Africa’s film industry is currently the third largest in the world behind Hollywood and India’s “Bollywood”.
‘30 Days in Atlanta‘ is a Nigerian romantic comedy film that was released in late 2014. Africa releases hundreds of films every year but this one has totally changed the game. Just seven weeks after its release, ’30 Days in Atlanta’ grossed over$500,000! It’s the largest revenues ever made by a single African movie! This is great news for the continent and a sign of more high-grossing blockbusters to come!
Jason Njoku who lived in Manchester, UK, made use of the demands in the film industry in 2011. He founded iRoko TV – an idea that now turned into Africa’s most powerful online movie platform. Jason has since moved to Nigeria and today he is one of Africa’s youngest millionaires.
But it’s not just the Africa’s film industry that’s on the rise. African music has become hot cakes too! From Nigeria to South Africa, there’s a wave of raw and promising music talents that is sweeping across the continent. 2015 will surely be an interesting year for Africa’s entertainment industry – and there are opportunities for you!
2.    Food & Agribusiness
The opportunities in Africa’s food and agribusiness space remain huge and will not go out of fashion anytime soon. With over one billion people to feed, Africa’s food and agribusiness market is a multi-billion dollar opportunity for entrepreneurs who know where to look.
Food production is still a huge and breathtaking opportunity. Grains, milk and all sorts of raw and semi-processed agro-products are still imported into Africa even though the continent has an enormous capacity to produce these. Entrepreneurs who can produce food products locally could reap very huge rewards.
The opportunities in food and agribusiness cover several different products across the value chain. In 2015, I expect that several African entrepreneurs will make a fortune in this industry. The possibilities are endless and largely unexplored.
3.    Retail
1.1 10 African Business Opportunities for 2015 3Africa’s retail market is a multi-billion dollar business opportunity. In addition to its over 1 billion population, more Africans are buying stuff due to their growing economies, rising middle class and rapid urbanization.
Africa’s retail market is going through a monumental shift. Retail is gradually moving away from informal trading in open markets to organized retail in shopping malls and online stores. Africa’s homegrown supermarket chains like Shoprite, Game, Woolworths and Nakumatt are entering more countries and are spreading fast across the continent.
The growth in Africa’s online retail market is more breathtaking. Jumia, one of Africa’s fastest growing online retail businesses, is now worth more than $500 million, it only launched in 2012! With a presence in several African countries including Egypt, Cote D’Ivoire and Nigeria, Jumia is now regarded as the “Amazon of Africa.”
Despite the boom in online retail in Africa, this segment currently makes up less than 5 percent of the continent’s entire retail market. There’s still a lot of room in this space to serve the African market and a lot of money will be made in the process.
Seizing Africa’s Retail Opportunities  is a detailed report that takes an interesting look at the opportunities in Africa’s retail industry. According to the report, Rwanda, Nigeria, Namibia, Tanzania, Gabon, Ghana, South Africa, Botswana, Mozambique, and Ethiopia currently provide the best retail opportunities in Africa.
4.    Fashion & Beauty
1.1 10 African Business Opportunities for 2015 4Africa’s fashion and beauty market is developing at an impressive rate. The continent’s overwhelmingly young population provides a ready market for trendy fashion. All kinds of apparel, including locally made fabrics and imported designer labels have become hot-selling products across Africa’s rapidly expanding urban areas.
Africa has hundreds of rising stars who are building successful businesses in the fashion and beauty industry. I’ll share a few interesting examples with you.
Suzie Wokabi is one of Africa’s leading entrepreneurs breaking into the beauty and personal care market, a sector that is dominated by international giants like Unilever, Procter & Gamble, L’Oréal and Mary Kay. Suzie Beauty, the cosmetic business she started about 7 years ago in Kenya, has become hugely successful – a multi million Dollar business.
Kunmi Otitoju is another inspiring entrepreneur who has built a successful business with her luxury label, Minku. Her young business makes high-quality leather bags designed with Aso-oke fabric, a hand-loomed cloth woven by Nigeria’s Yoruba people. Her unique designs have become a major hit in high-end stores in Nigeria.  (photo credit: minku.com)
The list of promising African entrepreneurs who are building successful businesses in the fashion industry is quite impressive. This would be an interesting industry to watch in 2015.
5.    Real Estate
1.1 10 African Business Opportunities for 2015 5The demand for both residential and commercial real estate continues to grow across Africa. However, there is still a huge accommodation shortage. In countries like Nigeria, for example, over 16 million new houses need to be built to solve Nigeria’s serious housing problem. The estimated cost of providing these homes stands at a whopping $350 billion!
The opportunities in Africa’s real estate market include investing in land and real estate (properties) to take advantage of fast rising property prices. There is also lucrative potential in developing middle and low-income housing and office space for sale, lease or rent.
6.    Internet & Tech
Africa’s Internet & Tech space will be a joy to watch in 2015. Tech hubs and incubators are springing up across the continent from Accra (Ghana) to Lagos (Nigeria), Jo’burg (South Africa) and Nairobi (Kenya). These hubs have become Africa’s “Silicon Valley” and continue to produce the best tech innovators and entrepreneurs Africa has ever seen.
Last year, the acquisition of Saya, a mobile messaging phone app developed by two young entrepreneurs from Ghana, made the headlines. This simple app for feature phones, which was created in 2011, started to replace SMS texting and became an instant hit in West Africa and even in faraway India!
Saya is just one of several success stories in Africa’s internet and tech industry. African entrepreneurs are using the internet and technology to solve problems and challenges on the continent. From taxi services to mobile payment systems and motorbike delivery services, African tech startups are buzzing with creativity and promise.
7.    The Green Revolution
1.1 10 African Business Opportunities for 2015 6Around the world, the appetite for green and eco-friendly products and services is growing quite rapidly. Due to the threats of climate change, any solution that preserves the natural environment, reduces waste and pollution, and promotes reuse and recycling have become huge business opportunities.
Several African entrepreneurs and startups are already riding the wave of this opportunity and are becoming hugely successful.
In Ethiopia, Bethlehem Alemu’s Solerebels has become the world’s first truly eco-friendly footwear brand. This hugely successful business makes footwear from recycled waste material and sells its footwear products to customers in North America, Europe and as far as Japan. Again, another multi million Dollar company was born!
There’s also Thato Kgatlhanye (pictured), founder of Repurpose Schoolbags which makes eco-friendly bags from up-cycled plastic shopping bags. And there’s also Patrick Ngowi, the Tanzanian entrepreneur who has built a multi-million dollar business from solar power. Biogas production from organic waste is also another growing opportunity in Africa. (photo credit: africancelebs.com).
The Green Revolution will definitely be an interesting space to watch in 2015!
8.    Building and Construction Supplies
Africa is going through a construction boom, an opportunity that will certainly create a lot of wealth for entrepreneurs on the continent.
It’s no surprise that Africa’s richest man, Aliko Dangote, is heavily invested in the cement business. Cement is one of the most important materials for building and construction work – houses, buildings, roads, bridges etc. Africa used to spend billions of dollars to import cement. But not anymore. Dangote and other cement producers like Lafarge are spreading fast across the continent.
Cement is just one example of several building and construction supplies that are growing in demand across Africa. The demand for steel is another multi-billion dollar business opportunity that’s probably bigger than cement. Timber (wood), roofing materials, glass, paints, plumbing and electrical supplies are other products that are enjoying a high demand due to the construction boom that’s happening across the continent.
9.    Financial services
1.1 10 African Business Opportunities for 2015 7Like in other developing regions of the world, the banking, payment systems and overall financial services industry in Africa is one of the least developed in the world.
More than 50 percent of Africans still don’t have access to formal financial services and a huge number of transactions are still done in cash.
Africa presents a unique opportunity to make money in its financial services market. Entrepreneurs who can provide simple, easy and convenient solutions will be well rewarded.
One interesting startup to watch in this space in 2015 is Nigeria’s SimplePay. This platform, which provides payment solutions to online merchants in Nigeria has already attracted over $300,000 in investments and plans to raise up to $10 million this year. If all goes well, SimplePay could become the PayPal of Nigeria, and could make its young founder a millionaire!  (photo credit: biztechafrica.com)
10.    Investment
With slow economic growth in North America and Europe, more investment is pouring into fast emerging regions like Africa. In search for higher returns, more investors are now looking to invest in Africa. Whether you plan to funnel funds into Africa’s stock markets or invest directly in African startups, the potential for high reward has never looked better.
Towards the end of last year, a Nigerian billionaire investor, Tony Elumelu, committed to invest $100 million in African startups and entrepreneurs over the next 10 years. This is just one of several ambitious investment initiatives that will create tremendous opportunities and wealth for entrepreneurs who can exploit them.
One interesting trend I’ve noticed is the growing number of venture capital firms and startup funding platforms that are dedicated to the African investment market. More of these platforms will open shop in 2015. There’s never been a better time to invest in Africa’s future!
Source: http://africajumpstart.com/

Thursday, June 11, 2015

Akon Lighting Africa with Akon and Thione Niang



Akon’s back, but this time he’s got his eye on more than just the smash single of the summer.
The Sengalese-American singer announced on Thursday that he’s launching a new “Solar Academy” in Africa as part of his Akon Lighting Africa initiative, which aims to provide electricity to 600 million people across the continent, according to a Reuters report. The academy is set to open in Bamako, the capital of Mali, this summer, and will teach African engineers and entrepreneurs how to produce solar power. European experts will be on hand to help with training and equipment.
The academy’s main goal is teaching participants how to install and maintain solar-powered electricity and microgrids, which Akon Lighting Africa says “are really taking off in Africa.” Harnessing solar power is the ideal way for those without electricity to obtain it, because Africa has 320 days of sunshine a year. “We have the sun and innovative technologies to bring electricity to homes and communities. We now need to consolidate African expertise,” said Samba Baithily, who founded Akon Lighting Africa with Akon and Thione Niang.
With 70 percent of Africans younger than 35, there is a huge need for sustainable jobs, and the organization hopes their efforts will reap long-term benefits. “We expect the Africans who graduate from this center to devise new, innovative, technical solutions,” Niang said. “With this Academy, we can capitalize on Akon Lighting Africa and go further.”
The charitable singer sure wasn’t kidding when he said “I Wanna Love You.