Applications for Inclusive Fintech 50 are now accepted! IF50 provides a critical commitment to the most promising early-stage inclusive fintechs that have the potential to drive financial inclusion.
Learn more: https://bit.ly/IF50-2021
THE GLOBAL CHIP SCARCE ALSO AFFECTS AFRICA
Africa, like much of the world, is experiencing price increases and bottlenecks in electronic products amid a global shortage of semiconductors.
What is the scarcity about?
As of last year, there has been a global shortage of semiconductor chips, which are the brains in every electronic device in the world, and it’s not just technology companies that have suffered. Goldman Sachs estimates that at least 169 industries have been affected in one way or another after months of crisis.
Experts blame supply chain interruptions caused by the coronavirus pandemic, the US-China trade war and the drought in Taiwan, where the world’s largest chip maker is based.
How is Africa doing?
Automakers in Egypt have had to throttle their production due to a lack of electronic control units (ECUs) and in South Africa over 20,000 people who have signed up for fiber optic service have been waiting since February due to difficulties accessing vital router components.
Acer product distributors said there had been a ripple effect across all industries resulting in a shortage of laptops, tablets, printing and scanning devices, and peripherals. Many stores operated by Apple’s authorized reseller iStore have also reportedly encountered iPhone inventory shortages.
What’s the way out?
Simply put, there is no instant solution to the problem. According to expert predictions, things are likely to get worse before they start to get better. So for the time being, brace yourself as you expect the prices of your favorite devices to rise as billions of tech products continue to battle for limited chips.
BEZOS LEAVING AMAZON CEO ROLE, 27 YEARS AND 203 BILLION. $ LATER
On Monday, Jeff Bezos, the world’s richest man with a net worth of roughly $ 203 billion, officially resigned from his position as chief executive officer of Amazon, the world’s largest e-commerce company.
From bookstore to digital conglomerate
Bezos’ decision to step down from his role as Amazon CEO comes 27 years after the company was founded and because of exceptional leadership. Originally founded as an online bookstore, Bezos successfully transformed the company into an online shopping and digital services juggernaut, also with an entertainment empire in its ranks.
Who will take over the trillion dollar ship?
Andy Jassy, ââreportedly a close confidante of Bezos and former CEO of Amazon Web Services, is to replace Bezos as the new president and CEO of the $ 1.77 trillion giant. The new CEO was instrumental in leading the cloud computing business that powers leading web portals like Netflix and many other companies and is one of Amazon’s most profitable entities.
What’s next for the billionaire?
Bezos is Amazon’s largest shareholder with a 10% stake valued at around $ 180 billion and will keep the CEO of Amazon. He plans to devote his time to other interests, including Blue Origin, the space company he founded, and his charities – the Bezos Day One Fund and the Bezos Earth Fund.
The future of retail
Paxful CEO Ray Youssef will speak at the Future of Commerce Holding on the 30th of July.
With over 6 million users and over 300 payment options, Paxful is one of the largest crypto trading platforms in the world. At #TCFOC, Ray discusses the future of money and how cryptocurrency is changing consumer behavior around the world. He will also talk about what trends to look out for in the world of buying and selling, drawing on his 20 years of experience as a serial entrepreneur.
Ray will speak with Tracey Turner – Executive Chairman / Founder of Copia Global; Lauren Cochran – MD, Blue Haven Initiative, Asad Naqvi – MD, Apis Partners and other top executives.
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