Gillian Marcelle, PhD

Empowering Communities, Transforming Lives: The SourceEnergy Initiative We’re excited to announce the launch of SourceEnergy Bank & Trust and SourceEnergy Digital Exchange, a transformative initiative aimed at repositioning money as a true medium of exchange, particularly for the African Diaspora and underserved communities worldwide. Drawing inspiration from Ecclesiastes 10:19, which states, “A feast is made for laughter, wine makes life merry, and money is the answer for everything,” our initiative recognizes the practical importance of financial access in enhancing daily life and fulfilling human needs. Here’s how our platform aligns with these principles: 1. Empowerment through Financial Access • Biblical Reflection: Aligning with justice and equality, our platform ensures everyone has the resources needed to manage their affairs, reflecting Proverbs 31:8-9. • Application: We provide equitable access to financial services, empowering individuals and leveling the economic playing field. 2. Enhancing Community Development • Biblical Reflection: Inspired by Acts 2:44-45, we support communal responsibilities by facilitating capital flow within underserved communities. • Application: Our technology helps fund local businesses, support community projects, and boost local economies. 3. Promoting Ethical Stewardship of Resources • Biblical Reflection: Guided by the Parable of the Talents (Matthew 25:14-30), we emphasize responsible resource management. • Application: Our platform promotes transparency and ethical financial services, encouraging wise and ethical resource management. 4. Fostering Global Connections • Biblical Reflection: Reflecting Galatians 3:28, we aim to unite diverse communities globally. • Application: By connecting the African Diaspora and underserved communities, we promote a united and supportive global community. Join us in this journey to create a more inclusive and equitable financial landscape. Let’s empower, develop, and connect for a brighter future. Visit our websites to learn more: • SourceEnergy Bank & Trust • SourceEnergy Digital Exchange https://SourceEnergy.Fund #FinancialInclusion #CommunityDevelopment #EthicalFinance #SourceEnergyBank #SourceEnergyDigitalExchange #GlobalUnity

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The economic geography issues are especially pertinent in #Africa context. See also this #China Daily op-ed from early 2013 (deriving from my PhD thesis) and published months before the #BRI was launched: https://lnkd.in/eyCPaUPE #AfricaChina #ChinaAfrica #EconomicGeography

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OpenseedVC Launches With $10 Million Fund for African Startups OpenseedVC, an early-stage venture capital firm launched in 2024, has successfully reached the first close of its $10 million fund aimed at supporting early-stage startups across Africa and Europe. This $10 million fund marks OpenseedVC’s inaugural investment vehicle and is focused on backing founders with deep domain expertise, reflecting the growing emphasis on founder experience within Africa’s tech ecosystem. Read more👇 #funding #Openseedvc #financialinclusionafrica Maria Rotilu

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Launch Africa Ventures Deploys $4.3 Million into 16 African Startups from Second Fund Launch Africa Ventures, an early-stage venture capital firm, has injected $4.3 million into 16 startups spanning the African continent as part of its second fund initiative. This follows the firm’s prior achievements, which include 133 investments through its first fund. Read more👇 #venturecapitalfirm #investing Mohamed Karar Michael Mutie Julia Price Laurie Fuller

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Oil and gas companies are warning of a possible exodus from Central Africa ahead of a Sept. 30 deadline to meet foreign exchange repatriation rules from the Bank of Central African States (which covers #Cameroon #Congo #EquatorialGuinea #CentralAfricanRepublic #Gabon #Chad) The issue is raising alarm bells in Washington, with #Texas Congressman Nathaniel Moran pressing the State Department to take action. My latest for Jeune Afrique's The Africa Report with comment from NJ Ayuk JD, MBA. of African Energy Chamber, State Department and IMF:

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#Electricity; a sector in urgent need of strategic intervention in #Nigeria, way beyond myopic transactional opportunism. In tandem with petrol, a genuine #energy #subsidy regime targeted at reviving optimal #industrial productivity and enhanced standards of living should be considered a top #economic reform priority. https://lnkd.in/dEi462sF

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Leveraging US$500m AfDB financing with the prospective US$100m Korean funding to advance power sector & fiscal reforms in Nigeria …

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I had the unique opportunity to share my perspective on the essential policies needed to facilitate a just energy transition in Africa and their potential impact on manufacturing.

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There is a new vision that looks to build Africa and develop an African voice. In this new and third route, African capitals are coming to the realization that Gulf Cooperation Council countries are solid and valid partners that can support a development that great power competition has never allowed. It is an alignment of a corridor of middle powers that have suffered the same ills and look at the development of their countries as a priority. Public Investment Fund (PIF) ACWA Power https://lnkd.in/eKSwJrdm

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I've signed the petition advocating for the extension of AGOA to 2035, aligning with the African Union's Agenda 2063 and supporting U.S.-Africa trade relations. The African Growth and Opportunity Act (AGOA) was signed into law in 2000 and has been the foundation of U.S. economic policy and business-related engagement with the countries of Sub-Saharan Africa (SSA) since its enactment. AGOA provides eligible sub-Saharan African countries with duty-free access to the U.S. market for over 1,800 products, in addition to the more than 5,000 products that are eligible for duty-free entry under the Generalized System of Preferences(GSP) program. In 2002, 2004, and 2006, Congress passed, and the executive branch implemented legislative enhancements of AGOA. And in 2015, Congress passed the Trade Preferences Extension Act (TPEA), updating and extending the program to 2025. COVID-19’s economic impact presents a threat to US-Africa trade and investment, U.S. – Africa strategic alliances, and gains made over the last two decades using the benefits of AGOA. AGOA has been a long-term commitment with broad bipartisan support; however, it expires in 2025. As a result, we launched the advocacy campaign for the 10-year extension of AGOA during our Roundtable Discussion on the Future of AGOA on December 13, 2022, in Washington, DC, USA, and virtually on the margins of the U.S.-Africa Leaders’ Summit. The campaign advocating for a ten-year extension of AGOA benefits aligns with African Union’s Agenda 2063. We appreciate your interest in AGOA! We invite you to join our petition to the 118th Congress of the United States and the Biden-Harris Administration for the extension of AGOA by signing our request to extend AGOA to 2035. https://lnkd.in/e73BcuNi #agoa #agoacsonspringconference #dcconferneces #agoarenewal #agoaconference #usafricatrade #africaeconomy #africa #civilsociety #civilsocietyconference

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Nigeria's Inflation Crisis: 5th Highest in the World at a Shocking 99% per Year Nigeria stands out with the World’s 5th highest Inflation rate, reaching a staggering 99% per year by calculations, derived from PPP using black-market exchange rate data. This highlights the critical economic challenges the country is facing. High inflation erodes purchasing power and can destabilize economies, posing significant concerns for investors and policymakers alike. #Economics #Nigeria #Inflation #MarketAnalysis #Investing.

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In Nigeria’s sovereign Eurobond market, sell pressure across the short, mid, and long ends of the yield curve resulted in a 0.13% rise in the average yield, reaching 9.6% in the just concluded week. The market has been adjusting to US Fed rates slash, while the local authority increased benchmark interest rate to 27. 25% in Sept kick started some portfolio adjustment in the market https://lnkd.in/ef9J_9Uh #eurobond

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Interesting read Mantse !!

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