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Crypto Industry: A means of solving youth unemployment?


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Crypto Industry: A means of solving youth unemployment?
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By Adesina Wahab
Internationally, it is said a person is poor if he lives below $2 a day and Nigeria has been ranked as one of the poorest countries in the world going by the huge number of people living below the poverty line. In fact, some reports dubbed the country the poverty capital of the world. The unenviable record is because of the huge number of people that are unemployed or underemployed in the country.
Unemployment in Nigeria recorded 27.1 per cent growth in the second quarter of 2020 compared to 23 per cent in the third quarter of 2018, data from the National Bureau of Statistics (NBS) showed. Youth unemployment makes up a huge chunk of that number. ....

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[Weekly funding roundup] Venture investments continue to remain tepid


[Weekly funding roundup] Venture investments continue to remain tepid
Venture funding into startups has remained muted for the two weeks of December given that the year is coming to close and plans being made for next year
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The end of the year always corresponds to lesser activity, and this is reflected in the funding momentum also for the startup ecosystem as the
total venture investments dropped to $61 million for the second week of December as compared to $118 million in the comparable previous week.
There were just
11 deals during the week, with the majority of the funding focused on early-stage startups. There were seven deals in early-stage startups, with three in growth, and one in late-stage. Debt financing made a comeback with a single deal amounting to $7.8 million. ....

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