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Diaspora Matters

Makoni Shopping Centre Business Challenge

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Do watch out for a television programme produced by your favourite business forum. The business programme titled ‘ Identify an Opportunity’ the aim of the programme is to help Zimbabweans to be able to identify opportunities in their local environments.

You do not need to have someone coming from your area to identify opportunities or even worse-to take advantage of opportunities that exist in your area. Grab opportunities that exist in your community! If you do not then someone else will….its as simple as that.

Identifying opportunities should be a skill that we should all possess. Putting together the opportunity into a viable business plan is the next stage with finding funding being the last.

We therefore hope to help Zimbos with the skill of identifying opportunities and we believe that it is going to be fun and will involve Zimbabweans from all walks of lives including the Diaspora community too.

To help illustrate the concept 3 weeks ago we were at Makoni Shopping Centre, we had briefly stopped at the centre whilst waiting for someone to show us directions to the Holiness Revival Church where we were scheduled to carry out a business presentation.

We gave ourselves a challenge-Identify opportunities at Makoni Shopping Centre in 3 minutes!

In 3 minutes to assess the state of the economy and predictions of the future, to have knowledge of the population of Chitungwiza and their needs. In 3 minutes to assess the level of competition at the centre and find out what is missing and also whether it is viable.

Guess what we came up with?

Our answer is Herbal Shop .

A herbal shop would be ideal because according to our last survey, Health Spending is amongst the top 6 areas where Zimbos are spending monies on. The centre has several pharmacies which only sell modern medicine. There is no shop concentrating on herbal medicine, a neat and presentable shop that sells herbs to Chitungwiza residents.

If we had more time at the centre we believe that we could have come up with more opportunities. So how did we identify this opportunity in 3 minutes? The answer is simple-we have trained ourselves to identify opportunities, identifying opportunities now run in our DNA and now we are going for speed, how many opportunities can you identify in record time?

We would like the nation to enjoy in the fun of identifying opportunities and a tv programme will do the trick. So watch for more details as we put all logistics in place.

 

 

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Diaspora Matters

History of Currencies in Africa

cowrie

Numerous metal objects and other items were used as currency in Africa. They are as follows: cowrie shells, salt, gold (dust or solid), copper, ingots, iron chains, tips of iron spears, iron knives, cloth in various shapes (square, rolled, etc.). Copper was as valuable as gold in Africa. Copper was not as widespread and more difficult to acquire, except in Central Africa, than gold. Other valuable metals included lead and tin. Salt was also as valuable as gold. Because of its scarcity, it was used as currency.

North Africa

Islamic North Africa made use of the Almoravid dinar and Fatimid dinar, gold coins. The Almoravid dinar and the Fatimid dinar were printed on gold from the Sahelian empires. The ducat of Genoa and Venice and the florine of Florence were also printed on gold from the Sahelian empires.

West Africa and the Sahel

Cowry money

Cowries have been used as currency in West Africa since the 11th century when their use was first recorded near Old Ghana. Its use may have been much older. Sijilmasa in present-day Morocco seems to be a major source of cowries in the trans-Saharan trade. In western Africa, shell money was usual tender up until the middle of the 19th century. Before the abolition of the slave trade there were large shipments of cowry shells to some of the English ports for reshipment to the slave coast. It was also common in West Central Africa as the currency of the Kingdom of Kongo called locally nzimbu.

As the value of the cowry was much greater in West Africa than in the regions from which the supply was obtained, the trade was extremely lucrative. In some cases the gains are said to have been 500%. The use of the cowry currency gradually spread inland in Africa. By about 1850 Heinrich Barth found it fairly widespread in Kano, Kuka, Gando, and even Timbuktu. Barth relates that in Muniyoma, one of the ancient divisions of Bornu, the king’s revenue was estimated at 30,000,000 shells, with every adult male being required to pay annually 1000 shells for himself, 1000 for every pack-ox, and 2000 for every slave in his possession. In the countries on the coast, the shells were fastened together in strings of 40 or 100 each, so that fifty or twenty strings represented a dollar; but in the interior they were laboriously counted one by one, or, if the trader were expert, five by five. The districts mentioned above received their supply of kurdi, as they were called, from the west coast; but the regions to the north of Unyamwezi, where they were in use under the name of simbi, were dependent on Muslim traders from Zanzibar. The shells were used in the remoter parts of Africa until the early 20th century, but gave way to modern currencies. The shell of the land snail, Achatina monetaria, cut into circles with an open center was also used as coin in Benguella, Portuguese West Africa.

Some of the currencies used in the Sahel included paper debt or IOU’s for long distance trade, gold coins, and the mitkal (gold dust) currency. Gold dust that weighed 4.6 grams was equivalent to 500 or 3,000 cowries. Square cloth, four spans on each side, called chigguiya was used around the Senegal River.

In Kanem cloth was the major currency. A cloth currency called dandi was also in widespread use.

Source: Wikipedia

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