Apollo African Initiatives Blasting Off to An Impressive Start
Over the past few months, the Apollo Foundation started the African Initiatives program, and it is blasting off with a solid start. Already on board are Zimbabwe, Benin, Senegal, and a surprise MoU (Memorandum of Understanding) with Lesotho due to the effectiveness of the program.
The first country Steve McCullah, Marketing Director of Apollo spoke about was Zimbabwe. That initiative is ongoing, and Mr. McCullah has visited Harare several times. According to him, Zimbabwe is very interested in Apollo blockchain, and it’s for that reason he has been to Zimbabwe many times for meetings with officials. At this time, he is not allowed to disclose more details.
Zimbabwe GDP is 41 billion with a population of over 14 million people and, it is rapidly transitioning to electronic payment. Because inflation is very high in this country, Zimbabwe has a lot to gain from the implementation of the Apollo Currency into their government systems.
Comoros is one of the most densely populated countries with a population of 850, 886 people. That population can be compared to Guyana, the only English-speaking country in South America. The Apollo Foundation currency will one day make this small country a place to visit and possible migration.
If you have not known yet, the Lesotho government has already signed an MoU (Memorandum of Understanding with the Apollo Foundation. It is the first of its kind in the history of cryptocurrency (digital assets) adoption. Lesotho has a population of 2.2 million people.
Steve McCullah, director of business development for Apollo, stated: “Lesotho is working to become a leader in technology. We are confident Apollo can help accomplish this mission.”
The main objectives of the blockchain initiative are to:
- Create new wealth in the private sector by harnessing Apollo fintech solutions
- Design and implement new government systems
- Reduce financial crime
- Maximize the commercialization of the nation’s mineral wealth
- Eradicate challenges like unemployment, poverty and educational constraint
Another initiative that was talked about is the Botswana Initiative. Botswana has a population of around 2,303,697 people, and it gained independence from Britain in 1966.
According to the Commonwealth Network, “Botswana is a net exporter of goods and services. Net exports accounted for 18% of GDP in 2005. The average ad valorem tariff for imported goods is 7.8% (2007). The main exports are diamonds, copper, nickel, soda ash, beef and textiles. Botswana is the world’s largest producer of quality gem diamonds which account for about 70% of exports by value. Botswana is a major exporter of beef, mainly to the EU.”
Over the years, Botswana has made great efforts to eradicate poverty. With the help of the Apollo Foundation at the government level, Botswana could soon become a high-level competitor in blockchain technology.
The Observatory of Economic Complexity (OEC) stated that “Senegal is the 114th largest export economy in the world and the 79th most complex economy according to the Economic Complexity Index (ECI). In 2017, Senegal exported $3.59B and imported $7.89B, resulting in a negative trade balance of $4.3B. In 2017 the GDP of Senegal was $21.1B and its GDP per capita was $3.45k.”
Senegal is one of the most beautiful places to visit in Africa if you like big cities. Its population is well over 16 million people, and the capital is Dakar, a land of music. It is one of the countries that will see the immediate transformation with Apollo Blockchain because of its European connections and aggressive government technological policies.
Benin’s population for 2019 stands at 11.30 million people. It is known as the Republic of Benin and is found in West Africa. The main product for export is cotton. The government encourages young people to take advantage of digital technologies. Revealing Benin is an initiative to improve Benin’s economic situation. It is the right time for Apollo Currency to be in Benin when it is looking for technology to put its developments in the spotlight. One famous actor from Benin is Djimon Gaston Hounsou.