CBX Daily 7/10/2024

Author

Jennifer Matthews
July 10, 2024

Today Uganda is on a new economic pathway, but let’s start with how Gen Zs are taking charge as other roles fade away…

Cultural Intelligence Download

Gen Z & AI Experts In, Chief Transformation Officers Out

CBX Vibe

As we enter a new era in the workforce, the traditional C-suite landscape is moving toward a rapid transformation. The relentless pace of artificial intelligence (AI) innovation is expected to make several critical executive roles, particularly chief transformation officers, obsolete within the next five years, marking the emergence of a new landscape where chief AI officers and chief information/data officers will become more prominent.

Uganda's Golden Opportunity On The Investment Horizon

CBX Vibe:

Uganda has been working behind the scenes and it seems to be paying off. The country just scooped the award for best investment destination in Africa beating six other contenders. And it's not the first time it is bringing the award home. In 2023, the country was awarded the best investment destination in East Africa. These efforts seem to be paying off as its FDI inflows also increased from $1.36 billion to $1.5 billion in 2023.

Top Women Leveraging Cultural Currency To Spur Black Entrepreneurship

CBX Vibe:

In the vibrant tapestry of modern entrepreneurship, Black entrepreneurs stand out and are leveraging their cultural currency, a critical yet often overlooked asset that powers not only the engines of individual businesses but also the broader ecosystem of minority-led innovation. Although overall funding to Black-founded startups dropped a staggering 71% last year, Zeal Capital Partners is continuing to invest in game changing entrepreneurs like Fifi Kara, CEO of Aster, an all in one women’s health management platform, to carve unique pathways through the realms of financing, innovation, and representation.

Bitcoin Boom In Black Communities Could Bust Banking Institutions

CBX Vibe:

After 100 years of systematic racism, fewer African- Americans are investing in stocks, instead turning to the profitable benefits of cryptocurrency and its decentralized model to bring in the big bucks. With 1 in 3 African American investors owning cryptocurrencies compared to 17% of white investors, digital coins, blockchains and NFTs (non fungible tokens) are experiencing exponential growth due to a severe lack of trust in legacy firms. Black Millennials, Gen Z, and teen digital natives changing the financial landscape are turning to online and social media channels to grow their own wealth; leaving traditional banking institutions in their wake. This begs the question, are banks redundant for the Black community?

Is Blockchain Important To The Future of Agriculture?

CBX Vibe:

Agriculture has grown into a multi-trillion dollar industry. However, there are many challenges currently facing the sector and food security remains a global issue with the global blockchain in agriculture and food supply chain market size is projected to reach $948 million by 2025. How big could the impact of blockchain become in overcoming the mounting problems and shaping the future of agriculture?

Vibes of the Week

Some key roles are in a ”Parking Lot” and who knows for how long? Mustard and Travis Scott team up in our CBX Vibes!