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Welcome to another edition of Workshift! The exclusive newsletter for Leaders, Founders and Managers.
If you missed last week's issue, catch up here
In Today's Email:
- Stablecoins and B2B Payments
- Warren Buffett Finally Revealed the Mysterious Company He Invested Billions of Dollars in
- AI Tool Of The Week 🤖: NextGemAI Saves You 10-15 Hrs on Crypto Project Analysis
- Opportunity Of The Week 💡: OpenseedVC Is Looking To Invest Up to $150k in Europe and African Startups
THE BIG IDEA
Stablecoins and B2B Payments
There are unmet needs in the world of B2B payments in Africa, and we’re thrilled to share some key insights from Stephen Deng with you. Stephen is the Co-founder and DP at DFS Lab: a VC investing in founders building digital commerce in Africa.
Here’s a summary of his post on X:
At his blockchain fund, they’ve been looking into the potential of stablecoins for seamless, cross-border transactions. They discovered that global giants like Visa, Stripe, and PayPal are showing keen interest in Africa’s fintech space.
Local fintechs are also eager to expand their cross-border and B2B revenue streams. So, this convergence sets the stage for transformative growth.
Their research also revealed that many businesses are tempted to operate as manual OTC desks to capitalize on favourable currency exchange rates.
However, this approach comes with its own set of challenges and risks, requiring deep banking experience to scale effectively.
One of the most exciting developments is the significant trade corridor between Africa and China. This trade relationship presents a natural fit for stablecoin payments and could play a pivotal role in shaping the future of B2B transactions in the region.
What does this mean for the future of Africa and where do you come in?
Challenge Of The Week 🎯
Using your screen while driving is a dangerous habit many struggle with.
This week, challenge yourself to resist the urge to use your screen behind the wheel. By doing so, you protect not only yourself but everyone else on the road. It’s a habit that can save lives.
Build Your Dream Company 🏆
Finding employees who are unbelievably amazing at what they do is a global struggle. You don’t just want people with hard skills, but employees who fit seamlessly into your company culture.
How fast would you grow if your company was filled with employees who stick around, contribute their best, and help your company achieve its goals…that's where CareerBuddy comes in.
Our mission is to accelerate business growth and lift millions of individuals out of poverty yearly.
With a track record of helping VC-backed startups to Fortune 500 companies and an 88.3% success rate, we help you recruit top talent effectively. Want to scale your company?
Learn From The Best ✍️
Imagine you’re a 15-year-old who’s struggling to make ends meet, and someone tells you:
“You'll never make anything of yourself in the hotel business. It takes a special knack, a special flair, and it's only right that I tell you the truth—you haven't got it”. - Hotel Patron towards Cesar Ritz.
César Ritz, often referred to as the "king of hoteliers and hotelier to kings," became a Swiss hotelier and the founder of several luxury hotels, including the renowned Hôtel Ritz in Paris and the Ritz Hotel in London.
Don’t forget to save the image so you can always glance through it!
Credit: Ambition Chronicles
Meme Of The Week 😂
Credit: Memedroid
Where You Should Be 🌍
Africa Tech Summit (ATS) London
Africa Tech Summit will celebrate the 8th edition at the London Stock Exchange on June 7th, 2024, these 15 tech ventures will join the ATS Investment Showcase 2024.
The ATS London Investment Showcase provides ventures with the opportunity to present their businesses to leading African tech investors, corporates, and industry stakeholders in attendance from Europe, USA and Africa.
Recommended Read 📚
In "Essentialism," McKeown presents a disciplined approach to identifying what truly matters, eliminating the non-essentials, and making the highest impact by doing fewer things better.
This book can profoundly shift your perspective on work and life.
Roundtable 🔄
Economic Trends For You 📈
- A comprehensive list of Africa’s fastest growing companies 2024
- In this graphic, you’ll see where real GDP lagged the most across America in 2023 as high interest rates weighed
- Have a look at the Enrico Letta Report and the current state of the EU’s Capital Market Union
Hiring Made Easy!✅
Tamborin helps you hire exceptional remote talent from Africa. Easily.
How? You only have to post your job openings or reach out directly to Tamborin to find you a match. Yes, it is that easy. Simplify your hiring process by using Tamborin today.
Investing News & Opportunities 💰
- Three pros spilled the tea on their very best investing ideas for 2024
- H, a Paris, France-based global foundation model and agentic AI company, raised $220M in Seed funding
- Warren Buffett finally revealed the mysterious company he invested billions of dollars in
- BlackCopper was initially out to disrupt lending, but now, it owes investors ₦1 billion
There’s More To Being A Leader🎖️
- Transform your organization with embedded recruiting
- What every new manager needs to know
- Why more and more organizations are adopting the slow work movement
- AI tool of the week 🤖: NextGemAI saves you 10-15 hrs on Crypto project analysis
- Opportunity of the week 💡: OpenseedVC is looking to invest up to $150k in Europe and African Startups
- Orange Corners Nigeria Incubation Programme 2024 (40,000 Euros business grant)
Pro Tip To Take You Through The Week🌟
What’s Happening? 🤷♂️
While you were away at work, these 5 things happened:
- Microsoft and UAE's G42 are building a $1bn data centre in Kenya rewrite
- CBN increased interest rate by 150 basis points to 26.25%
- To curb smuggling, Zimbabwe plans mine-to-market gold tracking system
- At the Africa fintech accelerator program, Nigeria dominateed with a list of 20 startups in the continent
- Flutterwave is the only Africa-focused company to make CNBC's 2024 Disruptor 50 List
Share With Your Friend 📣
If you know this newsletter can help someone in your network, why don't you go ahead and share?🚀
ABOUT CAREERBUDDY
Hire Smarter, Not Harder
At CareerBuddy, we make hiring seamless for fast-growing companies, we pride ourselves on knowing the best people that will excel in a Startup. With a candidate retention rate of 90.3%, it is safe to say “We are the best in the game for Startup hiring in Africa”.
We have worked with our partners to hire both for Technical and Non-Technical roles, we have also helped them with expansion in Africa. Some of our clients include Bamboo Invest, Helium Health, Cassbana, Cadana, Fincra, CrowdForce, Casava, TeamApt (now Moniepoint), Sabi, etc.
Are you hiring at the moment? Contact us
Written by Onekpe Regina
Edited by Oluwaseye Adesina
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