TBT is designed to be a 100% decentralized shopping asset in the E-commerce industry.
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According to Investopedia, crypto currency industry is currently one of the fast-growing industries in the world.This is obviously as a result of the increase in the number of cryptocurrency users worldwide.
Unlike before, many companies and business owners now accept Bitcoin and other cryptocurrencies as a medium of payment; this is an evidence that cryptocurrency is the future of money as proposed by many business scholars.
In July 2010, 1 Bitcoin was trading at the rate of $0.008 (less than 3 naira) but currently (November 2020) 1 Bitcoin is trading at the rate of $15,400 (over 7,000,000 naira)
It is also worthy of note that in March 2020, 1 Bitcoin traded around $5,000 but it is currently worth over $15,000.The attitude of volatility consistently displayed by Bitcoin and other crypto currencies is one of the major reasons why the cryptocurrency industry has successfully magnetised the interest of numerous investors across the globe.
Those who were not fortunate enough to buy Bitcoin few years ago when it was extremely cheap are not really happy regarding the surge in Bitcoin value but the truth is that it is not late to take advantage of the cryptocurrency industry.Many crypto enthusiasts are currently benefitting heavily from altcoins despite missing Bitcoin when the price was cheaper.
Altcoins are alternative cryptocurrencies launched after the success of Bitcoin.The term “altcoin” refers to any of the thousands of cryptocurrencies other than Bitcoin.This article is about Team Blaze Token (TBT).Team Blaze Token is one of the altcoins and it won’t be erroneous to see TBT as the next Bitcoin due to its fast-growing demand especially in Africa.
Team Blaze Token is a digital asset (crypto currency) issued on 10th October 2020 to ease the burden of shopping & shipping on both local and international platforms.
TBT is designed to be a 100% decentralized shopping asset in the E-commerce industry.
According to Egu Chris, the CEO of TeamBlaze, TBT (Team Blaze Token) could be the next Bitcoin due to the fact that it is designed to be utilized within the ecosystem of one of the biggest industries in the world ( E-commerce industry)
Team Blaze Token (TBT) is backed by a good number of innovative services ranging from TBT crypto payment gateway, TBT wallet & TBT Blockchain.
The aforementioned services are currently in development phase, hopefully, all will be launched in 2021.
TBT is currently trading at a presale price of less than $1 per token.You can get some tokens on tbtcoin.net.Investing in Team Blaze Token (TBT) could be a decision you will live to appreciate.Just like the mother of all crypto currencies, Bitcoin, TBT has the attitude of favourable market volatility due to its ever-increasing demand.
For full details about TBT project, navigate to tbtcoin.net
For enquiries about Team Blaze Token, kindly send a mail to [email protected]
NM Partners represent articles published in paid partnerships with corporate organisations.They include press releases, targeted content, and other forms of corporate communications on behalf of our Paid Partners.
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BUA Cement has donated 6 units of 500KVA transformers and 2 security patrol vehicles to security agencies in Okpella Community of Edo State.
Published NM Partners
As part of its contributions to the development of its host communities, BUA Cement, one of Africa’s largest cement companies has donated 6 units of 500KVA transformers to boost access to electricity in Okpella Community of Edo State.
In the same vein, the company also announced it had provided 2 security patrol vehicles to the security agencies within the community.
Speaking on the Donations, Engr.Yusuf Binji, Managing Director/CEO of BUA Cement Plc, said that BUA Cement Social responsibility is a critical part of the BUA Cement DNA and as a result, BUA Cement is committed to the development of host communities wherever it operates.He further added that the 6 units of 500KVA Transformers will ease the burden of access to Electricity currently being experienced in Okeplla and promised that BUA will also install the transformers on the community’s behalf.On the security vehicles, Binji noted that this will help boost the capacity of the security agencies within the community to provide a more secure environment for the residents and businesses in Okpella.
According to Binji, “our commitment to sustainability, the Sustainable Development Goals and sustainable business practices will remain critical to our business at BUA Cement.We will keep pursuing an inclusive, safe, resilient and sustainable environment.CSR is how we colour the lives of those around us.” It should be noted that BUA has last year provided 6 solar-powered boreholes in various communities across Okpella.
BUA Cement Plc is Nigeria’s second largest cement company and the largest producer in its North-West, South-South and South-East regions; with a combined installed capacity of 8million metric tonnes per annum and with plans underway to increase existing capacity to 11million mtpa, through the commissioning of a new 3million mtpa plant by the first half of 2021 in Sokoto State, Nigeria.With its Headquarters in Lagos, Nigeria, BUA Cement operates strategically from Okpella, Edo State and Kalambaina, Sokoto State.
Paid Content When Jumia’s successes compel naysayers to change their positions
Despite the negative reports and the challenges, the managers of the Jumia were undaunted and focused on their business model tenaciously.
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In May 2019, Citron Research, one of the longest-running online stock commentary websites with a track record of identifying fraud and terminal business models, published a damning report on Jumia Technologies, a Berlin-based e-commerce company operating in Africa.In the much-discredited report, Andrew Left, the founder of the research company and a professional short seller, levelled a number of allegations against Africa’s leading e-commerce platform, which included financial discrepancies, fraudulent orders and company inefficiencies.
Also, a few weeks to the release of Jumia’s Q1 reports in August, 2020 Left published another report questioning the information presented in Jumia’s prospectus published on the New York Stock Exchange (NYSE) and asking the SEC to delist Jumia’s stock.These negative reports dealt a heavy blow on the once-promising prospects of the company – Jumia’s stock price, which rose from $14.50 per share to $50 weeks after placement, crashed by more than half to $21; investors became agitated and threatened class-action lawsuits against Jumia; employees became agitated as they didn’t know what to believe; and brand partners and sellers on Jumia began to withdraw their merchandise from the platform.
The company’s stock performance continued this downward slope throughout the financial year, trading for as low as $2.15 per share at the end of trading on 18 March, 2020.
This situation seemed to justify Andrew Left and his Citron Research co-travellers as well as other naysayers to the Jumia’s business prospects.What these naysayers to the Jumia operations have in common is a less than full appreciation of the Jumia’s market.Their analyses of the company came heavily from the information they derived from the European and American markets.
One thing to be noted here is that, while these off-shore analysts saw doom, owing to their inapplicable data, Jumia’s management, led by Jeremy Hodara and Sacha Poignonnec, armed with superior data from Africa market – huge population, youthful composition, growing internet penetration etc – saw good prospects for Jumia’s business.Despite the negative reports and the challenges they posed for the company, the managers of the Jumia were undaunted and focused on their business model tenaciously.When it seemed that the worst is yet to come, their tenacity and business acumen started yielding fruits.The downward slide of the stock price, not only stopped, but went into reverse gear, rising up to $18.03 per share at the end of trading on 26 October, 2020, up 17 percent in the last five days and more than 165 percent year-to-date.
The new business reality of the company came to the naysayers, who all awaited a tragic news concerning the company, as a huge shock.
Apart from the rebounding stock price, the company is recording positives in almost all performance indices in the year 2020.In the Quarter 3 financial results released on 10 November, 2020, Jumia’s gross profit was €23.2 million ($27.3 million), a year-over-year increase of 22 percent.
Jumia’s gross profit after fulfilment expense reached €6.6 million, compared to a loss of €1.7 million in the third quarter of 2019, marking the first time that the Jumia Group scored a positive in its gross profit after fulfilment and advertising expenses.
The number of annual active consumers on its platform was 6.7 million, up 23 percent year-over-year.However, orders fell to 6.6 million, down 5 percent year-over-year on the back of a 20 percent decrease in digital services transactions on the JumiaPay app, while orders on the rest of the platform were stable.Jumia’s payment platform, JumiaPay continued its stellar growth recording a total payment value €48 million, a year-over-year increase of 50 percent.
Explaining the Q3 2020 performance, the management of Jumia said, “We are making significant progress on our path to profitability with Adjusted EBITDA loss in the third quarter of 2020 decreasing by 50 percent year-over-year.
The significant progress achieved was mostly attributable to the thorough work we have done on the fundamentals of our business, with limited support from external factors such as COVID-19.”
These current realities compelled Citron Research to go from bearish to bullish on Jumia Technologies, citing Jumia’s change in its business which saw a higher adoption of the e-commerce service delivery due to the pandemic.
This adoption, according to Citron Research, is helping Jumia Technologies head for profitability in Africa’s emerging market.
According to its report, Citron Research says that Jumia Technologies is the only scaled e-commerce player in Africa, shipping about 20 million packages a year to cities and rural areas across eleven countries in the continent.“Jumia’s positioning in Africa alone (e.g., logistics, technology, employees, brand) should be worth minimum $7 billion or $100 per share.”
Citing Africa’s population of 1.3 billion people, with over 520 million internet users, Citron said, “either these young Nigerians, who make up to 60 percent of the entire population, will be the first people on earth to not accept e-commerce or the stock is going to $100.” The report buttressed this position quoting Patrick Collison, CEO of Stripe, who opined that “there is enormous opportunity.In absolute numbers, Africa may be smaller right now than other regions, but online commerce will grow about 30 percent every year.”
The Citron Report further contemplated that, with the current business reality of Jumia Technologies, Alibaba and Softbank as companies that could be interested in becoming a strategic partner or investor in Jumia in order to provide a “direct channel for Chinese goods into the African market.” Paid Content Marketing yourself: The importance of specialization in business
The following are some other tips for marketing yourself and proving to others that you’re a real expert in your chosen field.
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