Topic: Geneviève partners with Ivory Coast Government (Read 168 times)

Hello Mykola, sorry we're not very active on this topic! You can join us on Telegram or see our ANN

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P.S. Add more graphic to header...text scares off at first view.

https://medium.com/@genevievegx/venture-capital-in-africa-economic-growth-through-local-enterprise-f047fe1f772

What is Geneviève Exchange (GXE)?

Investment ventures are tokenized on to the Ethereum blockchain following crowdsale fundraising campaigns. Thereafter, venture tokens become tradable on Geneviève’s token exchange. Listing fees are payable in GXE; this coupled with trading transaction fees facilitates quarterly dividend payments to token holders. GXE is tradable on the secondary market.

What is Geneviève VC (GXVC)?

GXVC is a venture capital cryptocurrency that offers exposure of equity to its owners. Crowdsale proceeds are injected as seed capital in to small businesses. Financial analysis assesses investment feasibility. Investment ventures are selected democratically from shortlist by token holders by way of Geneviève’s DAO. Investment returns are proportionally distributed quarterly to all token holders as dividends. GXVC will be tradable on the secondary market.

How can I invest?

Simply, click on token sale at the top of the page and deposit the desired amount of Ether to the revealed smart contract address. Upon confirmation, that contract will deposit the purchased Geneviève VC tokens directly into your Ethereum wallet. We suggest using MyEtherWallet, MetaMask or Mist.

What incentive do I have to take part in the crowdsale?

Crowdsale proceeds will be used as a capital injection to further small business growth and development in the Ivory Coast and similar localities where access to funding is scarce. The project seeks to empower local communities, creating self-sufficiency. Investment returns will be distributed quarterly to all token holders quarterly. GXVC will also be tradable on cryptocurrency exchanges; high demand, coupled with a limited supply, will lead to speculative growth.

Your website mentions a partnership with the Ivory Coast. What does this mean?

Geneviève found a partnership agreement with the public entity, Chamber of Commerce of The Ivory Coast, and the exportation National Community (Trade and SME Ministry). Using Blockchain technology, Geneviève seeks to find positive synergies with government officials to facilitate and catalyze foreign investment; a capital injection into small businesses in such localities will further economic growth and development. The project seeks to increase local employment by creating jobs and running training programs to equip local citizens with skills and expertise to succeed. In line with Geneviève’s ethics, the venture firm will seek a discounted proportion of equity.

What is Geneviève?

Geneviève Co was founded in 2014. The experience-rich firm specialises in wealth management and venture capital operations. With recent focus on merging finance, Geneviève Co offers expertise in: · Hedge Fund Management · Financial Advisory/Market Research · Financial Engineering · Venture Capital · Business Recovery Geneviève’s founders have lucratively managed venture capital operations for more than 26 companies ranging from small businesses to publicly-traded corporations spanning 12 countries and 4 continents. Revolutionary blockchain technology has ignited the emergence of new markets and opportunities. Geneviève Co is now seeking to enter such markets, leading through innovation, to widen its array of services through Blockchain technology.

Where is Geneviève based?

Genevieve has offices situated in the United States, Singapore, France and Estonia.

How long will the crowdsale be open for?

The crowdsale will launch on January 20th, 2018, and will conclude on February 25th, 2018. The coin offering may conclude sooner, should the hard cap be reached.

Is there a minimum investment amount?

Geneviève does not implement restrictions on investment amounts

Fabien Dureuil, CEO of Geneviève, was esteemed with a formal invitation from Inza Camara, Delegate General, on behalf of the Ivory Coast government, to meet in Abidjan. The agenda was addressed over the Oversea Private Investment Corporation days which convened December 4–5th. The Economic Promotion Service of Côte d’Ivoire hosted the event, ambitioning to further the economic relations between the African state and the United States. Hosting members included Chamber of Commerce and Industry President and Congressman, Farman Toure, National Export Council Secretary General, Serge Maritial Bombo, and Director General of the SME Agency, Salimou Bamba.

The meeting concluded with ambitions to collaborate with a focus on financial inclusion and entrepreneurship promotion by deploying an incubator and a cryptocurrency-backed investment program for small businesses in the country’s capital, Abidjan. The agreement was sealed by a signed agreement, a memorandum of understanding, by Geneviève, the CCI and NEC. The partnership seeks to diversify the Ivory Coast’s economy and make Abidjan the FinTech hub of the Sub-Saharan region.

Intricate details of the project are yet to be finalised; the Ivory Coast government body, Small-Medium Enterprise Agency, and Geneviève are in current discussion. The agreement is scheduled to be finalised at the turn of the year.

A preliminary project seeks to invest in 150 small businesses; a secondary round of investment will expand the venture to 1000 small businesses. Organisations that offer positive externalities to local communities will be favoured. The venture capital firm has been issued a mandate to launch a subsidiary in Abidjan. Geneviève will open its first office in Africa in January, 2018.

Given the less economically developed status of the African state, the project seeks to act as a factor to further the country’s economic development and self-reliance. Financial inclusion of such services, thereby, access to funding and strategic guidance are amongst the biggest obstacles. The Ivory Coast government body, the Small-Medium Enterprise (SME) Agency, seeks to overcome such challenges by way of project Phoenix, a program to further local enterprise and development. The program complies with the Ivory Coast public policy, as set by the Chamber of Commerce and Industry (CCI). The project champions CCI values in line with government investment policies.

The above-mentioned government bodies will work cohesively with Geneviève, with a primary focus in the following areas:

· Technology and infrastructure

· Incubation and investment

· Financial inclusion and planning

· Education in financial education

The company is currently seeking to recruit investment managers and Solidity blockchain developers within Africa, working locally to strengthen the project, maximising positive externalities.