Mobuscamjuan30 Jul, 2021Business
MOBU a leading cryptocurrency and investment bankcomplies with all of these above-mentioned parameters. Undoubtedly, there is no undercover evidence that Africa lacks access to capital and amasses less than 1% of global deal flow from Venture Capital funds although it consists of 30% resources and 60% agriculture land. The problems with crowdfunding in Africa are because of the lack of regulation and accountability as Africa, unfortunately, is known for corruption and nepotism in a global context. When considering crowdfunding in Africa, it remains expensive and difficult to take legal action across borders. Another reason is the longer payment processing time as it easily takes 3-5 working days and even longer if not cleared by the central banks.
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