Category Archive : Benin

Why Benin has been named the fastest place in the world to start a business online

The coronavirus pandemic had a devastating effect on many economies but at the same time, it made many governments outline measures to contain the virus and minimize bureaucratic hurdles for businesses. Also, due to lockdown measures, many government services migrated online, including small businesses.

According to a U.N. agency, Benin became one of the countries that capitalized on the pandemic to reduce bureaucratic hurdles by offering improved government services via online business registration.

The U.N. Conference on Trade and Development said the tiny West African nation is the world’s fastest place to start a business, thanks to the pandemic. The country created monentreprise.bj platform for people to create and formally start a business.

The platform was launched by the country’s Investment and Export Promotion Agency, which did not want people to come into their offices during the pandemic.

When applicants log onto monentreprise.bj, they fill in the required information, download the required document and make a payment online. Once the applicant completes the registration process, the documents arrive at the agency’s…

Read more at face2faceafrica.com

Bitcoin rises above $32,000 after Elon Musk reveals personal crypto holdings

Bitcoin, the world’s biggest cryptocurrency, rose above $32,000 after Elon Musk, chief executive officer of Tesla, revealed details of his crypto holdings.

The price of Bitcoin climbed to $32,355 on Friday morning – up by 1.3 percent over the past 24 hours, according to CoinDesk data.

The third-richest person in the world spoke on Wednesday at the ‘₿ Word Conference’ alongside Jack Dorsey, the CEO of Twitter and Cathie Wood, the CEO of Ark Invest.

He said apart from…

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Robinhood issues Q3 revenue warning on crypto price drop, low memecoins demand – Businessamlive

Robinhood, one of the popular crypto and stock exchange platforms, has warned that its quarterly revenue is likely to be significantly lower than before as there has been a significant drop in crypto activity after the fall in the prices of the digital currency during the second quarter.

Robinhood added the warning in its amendment to the Form S-1 that it filed with the US SEC on Monday, where it noted that trading activity was particularly high at the start of the year, but that activity on…

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Jack Dorsey’s Square breaks into wallet business to mainstream crypto custody – Businessamlive

Square, a payment company owned by Jack Dorsey, has taken a jump into the crypto train as it begins building a bitcoin hardware wallet which is aimed at making the custody of crypto assets more mainstream as well as contribute to the adoption of crypto.

This announcement by the company comes after the company said it was considering a break into the world of wallet a month ago while it revealed that the enthusiastic reaction from the crypto community apparently prompted the company to make…

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Visa says over $1bn spent on crypto-linked cards in six months – Businessamlive

 

 

At least $1 billion was spent on Visa’s crypto-linked cards in the first half of the year, the card payment firm has disclosed.

It was a clear indication yet that the value of crypto assets held in regulated digital wallets was in the hundreds of billions. Visa also disclosed that it was also partnering with leading crypto platforms on card programmes as it makes efforts for its network to be more accessible to grow the digital wallet ecosystem.

“With more than $1bn spent on…

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The Democratic Republic of Congo (DRC) Appoints an IMF Veteran for New Central Bank Governor

A veteran IMF official, Marie Makangu Kabedi Mbuyi, has become the new governor of the Central Bank in the Democratic Republic of Congo.

Malangu replaces Deogratias Mutombo who has served as the Central Bank Governor for the last 8 years.

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SEE ALSO: Virunga National Park in Congo, One of Africa’s Largest, is Now Accepting Donations in…

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Beijing regulators crackdown on firm providing software for crypto trading – Businessamlive

Just weeks after the people’s Bank of China (PBoC) directed domestic commercial banks to cut off fiat currency funding channel for over-the-counter trading, the financial regulator in alliance with the Beijing Financial Supervision and Administration Bureau has announced a crackdown on Beijing Qudao Cultural Development Limited, a firm operating in the marketing, public relations, modelling and entertainment businesses, the two regulators said in a joint statement.

According to the…

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Vietnam central bank to study crypto, pursue pilot implementation  – Businessamlive

After many years of being branded illegal, cryptocurrency, including bitcoin, Prime Minister Phạm Minh Chính of Vietnam has asked the State Bank of Việt Nam to study and carry out the pilot implementation for cryptocurrency based on blockchain technology in the 2021-23 period. The pilot implementation of the digital asset is undergoing study and it is expected to drive cashless payment as well as the formation of e-government in the Asian country.

This was contained in the PM’s…

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Picasso and Mondrian Paintings Uncovered, Blue Boy Returns to UK, WWW Sells as NFT, and More

Everything you need to know about the most important headlines from the world of art in the last seven days.

The Blue Boy by Thomas Gainsborough

picasso and mondrian Paintings Found as Builder Arrested Over Athens Gallery Theft

Works by 20th-century masters recovered nearly a decade after audacious burglary.

The Guardian >

Thomas Gainsborough’s Blue Boy to Return to the UK After 100 Years

The 1770 masterpiece will be loaned to the National Gallery, where it will go on…

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Happiness Levels Around the World in 2021

“Are you happy?” is a deceptively complex question to both ask and answer.

It’s generally understood that having enough money to cover your needs and wants can help you live a relatively happy, comfortable life—and recent research shows this relationship may increase linearly as income levels grow, as well.

However, there’s much more to it than that. Happiness levels depend not just on financial security, but also broader perceptions of one’s social support, personal freedom,…

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