- Aziza
Project is a part stakeholder in Africa New Energies’ well-drilling
program in Namibia
- The
well-drilling program is envisioned as a means of providing electrical
energy to millions of underserved people
- Aziza
Project’s ICO will allow security token holders to share in company
profits from the resource development
- Drilling
is anticipated by the end of the year; 32 potential oil fields have thus
far been identified
Aziza Project LLC’s drive to build investor confidence in
Southern Africa’s oil and gas resources through modern-tech asset tokenization
is gaining increased attention as media outlets such as the Financial
Times welcome the input of corporate officers on business topics and
provide a forum for the company’s promotions.
As Aziza Project noted recently via its blog (http://ibn.fm/DY9ok), Africa New
Energies and Aziza Coin co-founder Shakes Motsilili (http://ibn.fm/Oc6mC) provided
the business news publication with a featured opinion article on the value of
backing job-creating entrepreneurs, and a separate article promoted Aziza
Project’s cryptocurrency-based argument in favor of the company’s security
tokens as a more profitable alternative to fund management intermediaries’
fees.
Aziza Project owns 20 percent of Africa New Energies
(“ANE”), a corporation focused on bringing electrical energy resources to the
underserved millions of residents in sub-Saharan Africa – specifically,
Namibia. ANE is preparing to drill 10 wells toward the end of this year, which
it believes will provide natural gas that can be converted to electricity
onsite and pushed out to the majority of the country’s peoples through a
utility grid.
The Aziza Coin ICO tokenizes ANE’s asset — a
22,000-square-kilometer (8,494.2-square-mile) governmental land concession
roughly the size of Montana for the drilling project — to help fund the $60
million budget for the drilling program and additional investments in other
energy-related businesses, including a plan to potentially provide free solar
energy to communities not connected to the national grid through anticipated
drilling profits. ANE states that its initial investment has enabled it to
identify 32 potential oil fields thus far, with a net un-risked prospective
resource of 1.5 billion barrels of oil equivalent (http://ibn.fm/pfsAw).
The article in the Financial Times favoring
security tokens over fund managers notes how a South Africa businessman based
in London began analyzing his return on investment by comparing the “hidden
fees” he would pay to private equity funds with the Aziza Project’s “low
transparent fees” that use blockchain’s distributed ledger technology to
“automate and disintermediate the layers of fund management costs.”
The article notes that the equity fund fees are a
disincentive to investment in startup enterprises.
“If the fund management industry is taking three-quarters of
returns, with 40% of funds disappearing upfront, it becomes distinctly more
risk averse, as any loss of retail investor capital will invite scrutiny and
therefore shed light on the level of their fees,” the article states. “This
risk aversion is manifested in the fact that 0.02% of assets under management
or only 8 billion Euros were allocated to startups in 2016. This matters since
start-ups create more jobs than the rest of the economy combined.”
Aziza Coin’s offering, on the other hand, has demonstrated
its transparency by registering in the United States as a security token, and
its investor fees are limited to a flat 10 percent up front, the article
states.
“It became the first cryptocurrency in the world to
integrate its reporting systems with a tax authority when it became a third
party data provider to South African Revenue Services (SARS),
ensuring that investor gains were reported and taxed as capital gains,”
the article continues.
Aziza Coin’s smart contract is based on the Ethereum
cryptocurrency, and, if the underlying energy exploration project pays off as
expected, the security token could be the means for holders to earn dividends
every time the company issuing the tokens earns a profit in the market (http://ibn.fm/YK4j5). The
company estimates that proving the concession’s value will result in the Aziza
Project’s holding being potentially worth up to $621 million.
For more information, visit the company’s website at www.Aziza.io
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Editor@QualityStocks.com
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