Business Communication

Africa- How Bitcoin Is Reducing The Need For Trade financing

Bitcoin -The title of this blog post was  inspired by an article I came across on Global Trade Review (GTR). Elizabeth Rossiello, founder and CEO of BitPesa, tells how the idea of forming the company was born.  BitPesa is solving a number of business problems using digital currency, especially those involving foreign currency issues.  So how does Bitcoin really work?

FinTech– Though ‘Africa and Asia have become hotbeds of payment innovation’, European FinTech entrepreneurs too have a chance to succeed despite the challenges of limited opportunities. How can companies thrive?

Money laundering and the financing of terrorism– An interesting article on the International Monetary Fund (IMF), highlights the importance of fighting corrupt officials, tax fraud, and  most importantly those who engage in financing terrorism. How? Although this includes working with various governments across the globe and working with correspondent banking services, governments too, need to “increasingly harness the power of financial technology. While fintech can be misused—including through the anonymity of virtual currencies—it can also be a powerful tool to strengthen our defenses against terrorist financing.” (Read on)

Mobile Money an innovative solution for “cross-border money remittance service”- Quartz Africa highlights examples about how mobile money is playing a huge role in business transactions, and why the Telekom Industries have no choice but to “capitalize on innovation and the scalable nature of mobile money” (Read on)

AI is Here To stay- But Will It ‘Improve The Quality Of Our Lives’? Or Is It Really ‘A Risk For Human Civilization’?

“That’s the beauty of argument, if you argue correctly, you’re never wrong.”
― Christopher Buckley

The title of this post is taken from a debate Elon Musk and Mark Zuckerberg had about the impact of Artificial Intelligence (AI) on mankind.

Tesla CEO Elon Musk, speaking to U.S. governors last week argued that AI poses an “existential threat” to human civilization. Mark Zuckerberg was clearly not thrilled with that statement. On a Facebook Live broadcast, Mark Zuckerberg  retorted and said

“…I think people who are naysayers and try to drum up these doomsday scenarios — I just, I don’t understand it… It’s really negative and in some ways I actually think it is pretty irresponsible…”

Well, that didn’t end there. Elon Must took to Twitter and here’s what he had to tweet …

That’s it! These two geniuses got me thinking.  But one thing i can honestly tell you is that, my  life got a lot easier since i got that robotic lawn mower. Thanks to these great products that utilize artificial intelligence, I can now enjoy my weekends.

Which side of argument are you on? Who is right? And who is wrong?

In other reads:

 

Flying Solo or Teamwork? 3 Reasons Why Teamwork Is Important At The Work Place

“Two are better than one, because they have a good reward for their hard work. For if one of them should fall, the other one can raise his partner up. But how will it be with just the one who falls when there is not another to raise him up?” 

(Ecclesiastes 4:9-10, KJV)

Do you prefer flying solo to working as a team? Well, sometimes that depends on the nature of the work involved. In some workplaces, certain tasks involve co-operating with co-workers to get a certain tasks done. That sounds easy, right? Well, it’s not always easy especially when team interaction becomes extremely hard for some employees. But i know there has got to be something that can be to make team work less uncomfortable.

Understanding the importance of teamwork is essential to effectively work together. Drawing from my personal experience, i know that a non-cooperative workplace can be a huge barrier to achieving set goals which in turn may lead lack of motivation for the employees to failure in any organization. This brings us to taking a look at the importance of teamwork in the work environment. I put down three reasons why teamwork can never be overemphasized and why it is important at the workplace-

  1. Offers diversity of thoughts

 A work environment highly organized where teamwork is in place is likely to favor differing approaches and suggestions to a task, which will more often expedite evaluation of the best solution in achieving a particular objective, saving time and maximizing resources. Often times i see employees taking up the challenge to come up with brilliant ideas for solving problems, facilitating healthy competition and increasing productivity. In other cases, i also witnessed the advantages that come with teamwork in the work place where shared activity reduces the pressure on a particular co-worker, allowing for a more effective way to carry out tasks while increasing maximum concentration in the process.

 

  1. Fosters unity

 I am a true believer of teamwork because i know from experience that it fosters unity and cooperation in the work environment. Whenever employees are in constant touch and communication with each other, chances are that they’re always aware of how their actions and decisions can reflect in the success of the organization. Furthermore, studies show that the unity, brought about by team work, also propels employees to work harder, beating their standards and setting new ones, while being supportive of each other. Thus employees share the same core values and work ethics as they are all bent on achieving a common goal.

 

  1. Teamwork breeds morale.

An observation i’ve made so far is that, where there is a good and healthy teamwork spirit, most employees are motivated to do better or improve, knowing that their input is highly valued. However, a ‘team’ and ‘teamwork’ should not be confused at all. It’s easy to build team. But it’s more important to create a team that works together in unity, achieves together and knows that they either win or lose together. Nothing inspires and challenges employees to put in their best than this. Thus teamwork can only be an advantage and should be harnessed optimally for any chance of success in the work environment.

See? Teamwork is one of the greatest motivators i know of!

Further reading:

The New Science of Building Great Teams ( Harvard Business Review)

Successful teamwork: A case study