LUMI Stimulus, Economic Liberator for the African Diaspora

LUMI Stimulus, Economic Liberator for the African Diaspora

Wednesday, March 17, 2021 (Montego Bay, Jamaica, W.I.)  The State of the African Diaspora (SOAD) held its first Jamaica Virtual Press Conference on March 11, 2021. The conference explored ‘Everything you need to know about the LUMI,’ a thirty-six-month stimulus package which began the distribution of the AKL LUMI Central Bank Digital Currency (CBDC) since October 28, 2020 and ends September 28, 2023.

The information session equipped Jamaicans to access and take full advantage of the opportunity for economic independence. The stimulus marks the genesis of a global economic transformation for all Jamaicans and by extension, the entire African Diaspora. SOAD’s official spokesperson, Deandrea Hamilton, referred to the phenomenon as “a pioneering event for the State of the African Diaspora”. 

This initiative, according to Dr Linus Etube, Developer of the Swifin Digital Platform, will give the approximately eighty percent (80%) of people who do not have access to a bank account, access and a foundation from which to experience economic freedom in a world where only one percent (1%) has ever been offered that opportunity. This will further diffuse the inclusivity of the currency. Over 135 countries with registered members, have been consistently receiving their monthly stimulus on the 28th of each month. Dr Linus reassured that “Everybody in Jamaica who has the Swifin account receive their LUMI stimulus on the 28th. About 135 countries around the world who will also receive their stimulus precisely on the 28th day of every month without fail.”

The AKL LUMI “is a very powerful currency. It is as much an instrument of inclusion as it is an instrument of trade and economic empowerment. It is an instrument that recognizes and embraces all collective birthrights and natural endowments. No man, no woman or no child shall be excluded,” Linus said.  LUMI is a tool for investment and trade for the disenfranchised in this bottom-up paradigm. Dr Etube demonstrated to attendees of the conference how to access the Swifin platform by sending and receiving AKL LUMIS. On the platform, users can utilize their AKL LUMIS, to pay for bus fare, cinema tickets or even fertilizers. Hugh Johnson, Vice Prime Minister of SOAD and a Jamaican, shared his success of selling his fertilizers to Jamaicans as a testament that they can begin trading with merchants on the Swifin marketplace with their LUMI now. Access the marketplace at http://www.Platform.swifin.com .

Dr Linus Ebute shared an exciting opportunity for entrepreneurs who register as a merchant; they have guaranteed access to a line of credit of 626 LUMI (US$10,000). This can expand the marketplace which is already benefiting from the weekly LUMI Summit by helping to retool, and re-image businesses to survive the COVID-19 pandemic.

There are many descriptors of this historical movement for which Chief Semako I, AKA Timothy McPherson, Chairman of the Economic Community of the Sixth Region, describe as a road to liberation which is like a marathon. “Our forefathers ran their leg well, the baton is now passed to us. Will we drop the baton or will we run the race to give our next leg an advantage?” said the Chief.

The event welcomed over 120 participants which included SOAD guest speakers other than those already mentioned above, such as: Melvin Brown, Regional Vice President for the Americas; Keturah Amoako, Vice Prime Minister who represented Prime Minister, Louis-Georges Tin who was unavoidably absence.  Melvin Brown outlined a portfolio of ECO-6 and SOAD projects underway such as: the six (6) trillion LUMI stimulus helping the African family to deal with the COVID-19 Pandemic; LUMI Cities Project to span the Diaspora and Continent; Keturah Amoako, often referred to as “one of the hardest-working women” in SOAD has 50 projects under her management and Hugh Johnson, leads the Agri-Commodity Exchange responsible for one billion in LUMI.

For more information contact the SOAD Jamaica Public Relations + 1 (876) 275-3169.

Contact:

Nordia Panther
News Editor
www.Caribnewsroom.com
1(876) 275-3169 WhatsApp

Women’s Month Healing on Sisterhood Circle Program...
Sistas of D Ankh & Ma'at Sisterhood Circle Celebra...
 

By accepting you will be accessing a service provided by a third-party external to https://caribnewsroom.com/

Subscribe

Latest Bloggers

Alethia Campbell
11 posts
Alethia Campbell is a second-year Integrated Ma...
Lou-Anique Hodges
10 posts
Lou-Anique Hodges is a 2nd year Integrated Mark...
Lee-Anna Webster
6 posts
Lee-Anna Webster has not set their biography yet
Kristen Francis
5 posts
Kristen Francis has not set their biography yet
Mark Purai
10 posts
Mark Purai has not set their biography yet

Calendar

Wait a minute, while we are rendering the calendar

Random Post

Lou-Anique Hodges
20 July 2022
Travel & Tourism
Caribbean News
  The Prime Minister of the State of the African Diaspora has been invited to Benin by President Patrice Talon for the inauguration of an exhibition linking the treasures of the past with the wor...
Kristen Francis
16 November 2021
Financial & Fintech
Business
Technology and AI
Marketing & Management Strategies
Informational/educational and those that tried to replicate a tradeshow floor with virtual exhibitors are the two categories that virtual corporate events have fallen into during the pandemic. Of the ...
CaribNewsroom
10 April 2021
Travel & Tourism
The beautiful island nation of Xaymaca - present day Jamaica - is famous for producing pioneering and notable world figures who have initiated and contributed immensely to many fields of human endeavo...
Social Media
June 10, 2022, Panama City, Panama. State of the African Diaspora (SOAD) Emergency Response ERS has been working behind the scenes to assist African Students in Hungary, Germany and Czech Republic to ...
Britany Forsythe
08 February 2021
Travel & Tourism
Caribbean News
Montego Bay, St James (February 8, 2021). Woman shot in church while worshipping. 87 year old grandmother shot dead in Kingston. A little four year old shot to death in Trelawny due to a family disput...
Sharon Parris Chambers
20 January 2022
Travel & Tourism
Flights are scheduled to land in Montego Bay, St James, by TUI Belgium and TUI Netherlands by April of this year. The development comes as Minister of Tourism Edmund Bartlett and a small team particip...
Travel & Tourism
Jamaica is in the process of tourism recovery and is looking to expand its market to include the Asian market. In an exclusive interview with India Outbound at the Arabian Travel Market in Dubai, Edmu...
Mark Purai
06 April 2021
Travel & Tourism
It is no secret that Real Estate has been the greatest wealth builder with the least fluctuations in history. Real Estate is not just a hedge investment during the fall of the stock market but a solid...
Travel & Tourism
New York, USA; May 4, 2022: Minister of Tourism, Hon. Edmund Bartlett today called for a full debate at the United Nations and relevant agencies on the challenges to tourism recovery, with a focus on ...
Travel & Tourism
In a five-day Charles Town Maroon celebration entitled Sankofa and the Healing of Indigenous Maroon people, Land and Culture, Day 3 was recognised as Quao Day. The celebration was hosted by Okomfo Afu...
Health & Wellness
St Ann’s Bay, St. Ann, Jamaica. July 16, 2020. Jamaica is poised to begin recovering some of its lost revenue from tourism as it enters its second stage of re-opening its borders to the international ...
Theo Chambers
23 September 2020
Financial & Fintech
Business
Money management refers to the process of tracking and planning an individual or group’s use of capital. In personal and corporate finance, money management usually includes budgeting, spending, ...
Britany Forsythe
26 February 2021
Travel & Tourism
Health & Wellness
Thank you Minister Ed Bartlett for your advocacy for more vaccines to under- served communities such as those in the Caribbean, based on your research.My question is : Can WELLNESS Solutions as a Life...
Theo Chambers
02 October 2020
Health & Wellness
Personal Development
 Stress is a natural part of our daily lives, once you have to make a decision, some level of stress is felt, whether it's deciding what to wear to work, what to eat, what mode of transport to ta...
Diana McIntyre Pike
04 October 2020
Travel & Tourism
Network/Villages as Businesses Community Tourism and Community Development – Training Project Rationale Tourism is a continuing growth industry with the potential to offer communities of all shapes an...
Theo Chambers
23 September 2020
Travel & Tourism
Letter to ther Editor Re: US gifts Jamaica multi-million-dollar field hospital to help fight COVID-19 I read with interest in today’s Sunday Gleaner (September 20, 2020) about the US Gift Aid COVID19 ...
Sharon Parris Chambers
05 August 2022
Travel & Tourism
The Jah Jah Nyahbinghi Initiative and Conference is being held in collaboration with Mt Kailash Rejuvenation. The conference theme is Justice and Healing or Justice and Heaping (Jah Jah N I). The...
Britany Forsythe
03 December 2020
Travel & Tourism
Business
There are 24 hours in a day, and what you accomplish in a day is based on how effectively you can manage your time. You do not need more hours, what you need are strategies and tips to effectively and...
Travel & Tourism
MONTEGO BAY, JAMAICA- March 13, 2021 – Sistas of D Ankh & Ma'at Sisterhood Circle Celebrates Women's Month with Sa Enya McBean. She will speak on the topic: 'How to Safeguard Your Phusic...
Health & Wellness
Do you sometimes too often choose to act on the negative thoughts surfing in your mind? You can eliminate Automatic Negative Thoughts (A.N.T.) through Cognitive Behavior Therapy, an effective therapeu...
Lou-Anique Hodges
22 June 2022
Health & Wellness
Personal Development
We have all struggled with procrastination in one way or another, whether it is putting off important work or delaying simple tasks around the house. We are all guilty of it, we even try to compensate...
Travel & Tourism
KINGSTON, Jamaica; March 8, 2021: Tourism Minister, Hon. Edmund Bartlett has outlined that the latest initiative by the Tourism Enhancement Fund (TEF), through its Tourism Linkages Network divisi...
Sharon Parris Chambers
29 January 2022
Travel & Tourism
KINGSTON, Jamaica; January 28, 2021:  Tourism Minister, Hon. Edmund Bartlett, is encouraging members of the Diaspora to invest in the local tourism sector, which continues to drive Jamaica's...
Theo Chambers
22 July 2020
Financial & Fintech
With the emergence of the subscription economy and in particular in the SaaS industry, we have come to distinguish 2 main business activities that contribute to the growth of a company: Hunting and Fa...