Focus
Aimed at attracting foreign investments to France, the Choose France Summit held in Versailles, June 28, was of a different hue this time. It saw the inauguration of the French Nigeria Business Council to facilitate business cooperation between both countries as President Emmanuel Macron appointed BUA Group Chairman, Abdul Samad Rabiu, the inaugural president of the council. But that is not the story. There were other scenes at the summit generating talking points in the African business circuit. Chiefly, the attendance of Globacom chairman, Mike Adenuga Jnr, his obvious great stature and healthier look, and the reunion of otherwise sworn enemies, billionaires Aliko Dangote and Abdul Samad Rabiu, attracted people’s interests. Lanre Alfred writes
Capricorn Business Acquisitions Inc. Announces Qualifying Transaction with Bitcoin Mining Company, Canada Computational Unlimited Inc.
Company or
(the
CCU.ai ), a bitcoin mining center located in the Province of Québec, Canada.
The Agreement outlines the principal terms and conditions which will result in a reverse takeover of Capricorn by CCU.ai (the
Transaction ). As a condition precedent to the Transaction, CCU.ai will carry out a non-brokered private placement by way of the issuance of subscription receipts (
Subscription Receipts ) for gross proceeds of at least $3,450,000 (the
Concurrent Financing ).
Capricorn is a Capital Pool Company currently trading on the NEX board of the TSX Venture Exchange (the
/PRNewswire/ - Capricorn Business Acquisition Inc. (TSXV: CAK.H) (the "Company" or "Capricorn") is pleased to announce that it has entered into an arrangement.
by Yves Engler / February 21st, 2021
Recent media reports of a Haitian official stashing wealth in Montréal property ignore a key element of the story: Canada’s contribution to enabling Haitian corruption.
As a neo-Duvalierist regime becomes ever more dictatorial it’s also worth revisiting Canada’s history in facilitating fraud and money laundering in the hemisphere’s most impoverished nation.
Recently
La Presse reported that the wife of a governing party senator, who works at the Haitian consulate in Montréal, purchased a mansion in Laval. The story reported, “as the political crisis bogs down in Haiti, the wife of a senator belonging to the party of the contested president, Jovenel Moïse, has just bought a sumptuous $ 4.25 million villa in Laval, attracting a flood of criticism from Montreal to Port-au-Prince. The new property was paid off in full in one fell swoop, without a mortgage, and without their other house being sold, according to the Land Registry.” Tw
Regulators may still want to imply Bitcoin is merely a tool for criminals, but for many middle-class users, it’s proving to be a lifeline.
Even as politicians like European Central Bank President Christine Lagarde criticize cryptocurrency for providing “loopholes” used for “funny business,” people like Saeed, an Iranian immigrant to France, see cryptocurrency as a necessity, because of the difficulty using mainstream financial systems.
Until 2020, Saeed, who asked to be identified only by his first name, was a software engineer in Iran whose salary barely reached €300 due to rampant inflation. In 2017, he started freelancing for international clients that paid him in Bitcoin. By September 2020, he’d finally saved enough Bitcoin to go to graduate school in France. However, the pandemic made his immigration process much harder.