Elon Musk Earns €29,600;  $ 39,796 In One Minute 47 Seconds

Elon Musk is an entrepreneur and a business tycoon. He is the founder, CEO, and Chief Engineer at SpaceX; early-stage investor, CEO, and Product Architect of Tesla, Inc.; founder of The Boring Company; and co-founder of Neuralink and OpenAI. As of November 2021, Musk is the richest person in the world

The American business tycoon has been confirmed earning $39,796 in every one minute 47 seconds after selectcarleasing.co.uk created a tool that counts his earning in real-time from the second you land on their webpage as a way of finding out how  quickly the Telsa boss acquired his wealth that pads  his massive $286 billion fortune.

According to the website, the average annual gross UK salary is £29,600 and Elon Musk is able to earn this figure in just one minute and 47 seconds.

Furthermore , the calculator says the average annual salary in the US is $51,480 which takes Musk slightly longer – by 28 seconds to earn.

Kenya National Hospital Insurance Fund (NHIF) Has Proposed To Reduce The Average Payout For Renal Dialysis Session

Kenyan has been battling rising cases in deadly disease of which the NHIF has considered reducing the cost of healthcare for dialysis patients.The NHIF is currently at the verge of reducing expenses on major surgeries and diagnostics tests such as MRI and CT scans.

The NHIF is expecting to reduce the average payout for renal dialysis session from $85.90 to $54.05 and this seeks to reduce bills for the weekly procedure by $9,000,900.00 annually to $24,302,430.00.

Furthermore, the maximum cover for MRI scans will be reduced to $86.37 from the current $134.95 per session while settlement of CT scans is set to be reduced to $53.98 from $71.97.

However, there has been a lot of uproars and criticisms from the Kenya’s Renal Society, a lobby for kidney patients which happens to see the plan of the NHIF alarming and therefore urges the Insurance company to rethink of the decision again.

According to John Gikonyo, the president of the association, there has been no consultation with patients, kidney doctors, and dialysis service providers in Kenya, who are all of the opinions that the cost reduction will disrupt and destabilise this life-saving service and that this may result in many patients paying with their lives. The $58.45 payouts would be insufficient even ar the low-cost public hospitals.

e-Niara Can Used For Payment Of Salaries Goods And Services

The Central Bank of Nigeria has unveiled a digital currency built on blockchain technology. There can’t be any fake or duplicates of the e-Niara. The digital version of the Nigerian niara is being issued and regulated by the central bank of Nigeria only.

The e-niara works just like airtime recharge cards. People wanting to send money through e-niara would have to buy airtime recharge cards of the same amount of the money they would want to send and load them on their account. Then transfer it as credit to the recipient. The recipient can redraw physical cash of the credit sent by going to any phone card retailer. The mobile retailer then redeems the call credits and pay cash.

The e-Niara is the first digital money to be issued through a government entity in Africa. The digital currency is expected to bring the majority of Nigerian population who don’t have bank account but uses Mobile phone into the formal financial economy.