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Six Trillion USD in New Digital ‘LUMI’ to be dispersed for African development says ECO-6 and SOAD

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#Africa – October 1, 2020 — The world had better brace itself for the State of the African Diaspora (SOAD) which is steadily progressing its vision and which in late September announced its adoption of a new currency called : the LUMI

“The LUMI digital currency Stimulus will be issued in the amount of US$100 per month (6.26 LUMI) to every African Diasporan and every African on the continent, 18 years and above, via a digital wallet. It will be issued for a period of 3 years.  The first issuance of funds will commence on October 1, 2020 and end in October 2023,” said Timothy McPherson, Minister of Finance of the Accompong Sovereign Nation of the Maroons and Chief of the Economic Community of the African Diaspora 6th Region (ECO-6).

The Accompong Maroons, which is its own village with its own government established since the 17th century in the hills of St. Elizabeth parish on the Caribbean island of Jamaica, commenced to use the LUMI as its local currency since 2018.

“Accompong’s new currency is a commodity underwritten with solar and renewable energy. It will contribute to Pan-african climate change initiatives and the development of sustainable energy throughout the diaspora and Africa,” shared H.E McPherson, Canadian born and educated in Economics and Literature.

At a value of $15.96 US per LUMI, over the next three years the stimulus funding will support training, entrepreneurship, skills development, business, healthcare, social economic growth, goods and services in the Diaspora and within the African Kingdoms. 

H.E. Timothy McPherson, Minister of Finance of the Accompong Sovereign Nation of the Maroons and Chief of the Economic Community of the African Diaspora 6th Region (ECO-6).

“The LUMI is underwritten by 100KWh of solar energy and convertible to 4 grains of gold.  4 grains of gold in weight equals 0.2592 grams.  The current value for 1 LUMI is US$15.96 making it a formidable currency for global Africans,” explained His Excellency Louis-Georges Tin, Prime Minister of SOAD, adding, “The LUMI is essential to our sovereignty. It is our pride, our strength and our future.”

And what a bright future the LUMI is designed to create; its very name is aimed at sending an enlightening message.

“LUMI from the word LUMINOUS symbolising the Sun (Ra)…”

Keturah Amoako, the Vice Prime Minister and Minister of Repatriation of SOAD commented:  “We have been waiting for this moment for a very, very long time, the LUMI is the light a beacon which will lead us to economic empowerment, upliftment and for sure a sense of pride and dignity.  With the African Kingdoms and the African Diaspora integrated this is the ultimate unity and Pan-Africanism at its finest!’’

It was at a Royal Summit of Her Imperial Majesty, Queen Sheba III held on September 22, 2020 that the LUMI was formally introduced to the African Royal Kingdoms.  Prime Minister Tin jointly launched the LUMI as the official currency of the State of the African Diaspora (SOAD).

The Royal Summit, was held virtually under the theme ‘The 4th Industrial /Digital Revolution – The Reset.  Attendees learned that the US$ Six Trillion stimulus will be facilitated by the creation of a new bank for the African Kingdoms called: The Pan-African Kingdoms Bank.


Her Imperial Majesty, the Queen of Sheba III

There was also the unveiling of ASHEE; the acronym for African Stimulus for Health, Environment and the Economy as the vehicle by which development initiatives, training, projects entrepreneurship, skills development, business, healthcare, socio-cultural economic growth will be delivered to the African Kingdoms, nations and territories.

Her Imperial Majesty, the Queen of Sheba III, Throne Imperial Head of the African Kingdoms Federation of South Kingdoms in her speech stated: “This, towards nation building in warp speed, for we will need that in warp speed!  Not just to catch-up but to surpass the expectations, as Africa.  The LUMI empowers us in this new reality to make better and great choices for the care and development of Africa. It empowers us in this time as the Economic Community of the African Diaspora 6th Region to facilitate the needed financial stimulus to save African lives in this global pandemic.”

More information about the LUMI can be found at: https://www.eco-6.com/lumi-currency

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Africa

Nigeria Cash Catastrophe

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By Dana Malcolm 

Staff Writer 

 

 

#Nigeria, February 24, 2023 – A recent decision to move to new banknotes has been delayed for 60 days after causing turmoil in Nigeria with people running out of money and crowding ATMs.

The 200 Naira, 500 Naira and 1000 Naira notes were all scheduled to be discontinued and replaced by January 31st. The deadline had to be pushed to Feb 10 because residents just could not get their hands on the new notes leaving them stuck with old notes that were no longer legal tender.

The country’s courts tried to step in barring the Feb 10 deadline but that ruling fell on deaf ears as the government moved forward anyway, causing extremely long lines at banks and ATMs in the country.

Finally, President Muhammadu Buhari announced in early February that the old N200 notes will remain in circulation for 60 more days along with the new notes.   But the economy is already feeling the effects of the cash shortage.  While a significant cross-section of Nigerians use digital banking and the country’s online banking section is growing rapidly, a large section of the population still relies on cash for daily transactions, especially in rural areas.

The new notes and limits on withdrawing large amounts of money instituted by the Central Bank of Nigeria were initially in an effort to take some of the cash out of circulation but the effort has backfired leaving residents angry, frustrated and cashless.

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Africa

The Incredible Story of David Avido of Kenya, 24 Year old designing for the Grass Roots to the Stars

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By Dana Malcolm

Staff Writer

 

 

#Africa, February 2, 2023 – One Kenyan designer began a sewing business out of the slums where he was born; now he dresses some of the Caribbean and Africa’s most famous faces.

Born the oldest son of a single mother and from Kibera Nairobi, David Avido Ochieng did not have an easy start. In Kibera, the largest urban slum in East Africa opportunities for international success are hard to come by and yet Avido can now say he has dressed the likes of former Kenyan President Uhuru Kenyatta, Beyoncé, Chronixx, Romain Virgo, Tarrus Riley, Chris Martin, Ty Dolla Sign, Koffee and many more.

As explained on his website, David dropped out of school to work and support his family quite young. In just first form he was working on a construction site but he knew he wanted more from life. After quitting his job he danced and saved what he could and tried his best to complete his education.

He told Vogue magazine: “When I started dancing I used to save money in order to go back to high school, with the little that I could get from dancing and my mom’s money from doing work as a house help, we were able to raise 15,000 shillings and with that, I joined an adult school and skipped forms two, three and four.”

David picked up a sewing machine to make costumes and realized his talent.  By 2015, his brand LookslikeAvido was born. He completed a fashion & design diploma at Buruburu Institute of Fine Arts and began to sew incredible pieces right at home in Kibera.  Even as his brand is globally recognized, Kibera is where his workshop remains; David says, his homeland is his great inspiration.

“There is no barrier if you believe in your talent and take the next step. I want to encourage and create beauty, where people don’t expect.”

Talented and thoughtful Avido is well aware of the stereotypes surrounding him, his home and the black community globally.

“We know about injustice and violence, prejudice, racial and social discrimination – we experience it within Kenya and we experience it globally, as people look at us as the poor, the uneducated, the needy,” he said.

Featured in Vogue, CNN and other international publications, Avido remains connected to his origins in a tangible way and as his success grows his roots just go deeper. Twenty per cent of all sales of his jackets and other clothing items go directly back to Kibera; his website explains ​that all the tailoring, product photoshoots and collaborations ‘is all done here in Kibra.’

There is no fabric waste from his garments, instead, scraps are repurposed into masks and shopping bags for residents, all his tailors are local residents, a portion of profits are used to pay school fees and Avido and his team put in extra time to make school uniforms as well.

On his website, is a photo of him sitting around a sewing machine, his worktable resting on hard-packed earth with presumably a group of family and friends surrounding him, a source of pride. The introspective photograph could have been taken in Nairobi, Trinidad or Barbados, so nostalgic is the picture, the bench and the story of community success that it represents.

In a video posted to his YouTube, David sits at his new work desk, and beside him hangs a rack of clothes in the cramped space that serves as his kitchen as well.

“I’m the firstborn of Kibera,” He explains, “Every kid in Kibera is looking up to me— my main dream is to open up a place where I can inspire people to work.”

David has a dozen employees and is listed in Beyonce’s directory of black businesses; with an uncommon wisdom, the designer knows that his successes so far are not parking spaces but rather stepping stones as he faces his future announcing that the journey, for him, continues.

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Africa

South Africa plans Military Exercises on the Anniversary of the Russian invasion of Ukraine; not sitting well with some

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By Dana Malcolm

Staff Writer 

 

 

#Africa, February 2, 2023 – South Africa has announced it is planning a joint naval exercise with Russia and China during the anniversary of the Ukrainian invasion but says there is no sinister intent.

According to the South African National Defense Force, more than 350 South African soldiers will join Chinese and Russian soldiers in Exercise MOSI II.

In a statement posted to its Twitter, the South African National Defense Force has rejected any insinuation that the move is a political one, emphasizing that it was a continuation of exercises planned years prior.

“Ex MOSI II is a scheduled nine-day military marrying up exercise, one of several that the SANDF conducts with militaries around the world on a regular basis, to ensure that it can learn from and benchmark its own operating capability. The first edition of this particular exercise was held in 2019 and involved Brazil and India, as well as Russia and China. The follow-up exercise, MOSI II, was postponed due to the COVID-19 pandemic.”

It further maintained that it was on neutral terms with both the US and Russia.

“South Africa is continually home to military cooperation events, not all of which are formal exercises. The USAF is currently using Cape Town as a landing base — Last year, South Africa participated in Exercise SHARED ACCORD, the US military’s annual African military exercise.”

They maintained that over the last year, they had participated in events with the French, Indians and Brazilians.

“None of this is sinister, nor suggests any agenda over and above the ongoing improvement of the SANDF’s capabilities in executing its constitutional mandate of safeguarding the territorial integrity of this country.”

Exercise MOSI II will last for nine days from February 17th to 27 and will be held in the Indian Ocean.

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