Cia Group engages East African Development Partners in planned $530 billion Initial Currency Offering targeting African financial markets
Ciao Group, Inc. is engaging East African Development Partners, a subsidiary of Restance, to integrate a Blockhain solution for Ciao's Initial Currency Offering (ICO). The planned ICO is an integral part of Ciao's Blockchain Frontier Markets Project now under development for over a year.
The Project's specific initial target is to bring increased liquidity to USD$530 billion in African publicly traded company market capitalization. Ciao management is currently in Kenya meeting with East African Development Partners.
Ciao recently announced a collaboration agreement with Hub Culture to pilot a secure digital financial products marketplace constructed on Hub Culture's digital asset service engine. Aubrey Brown, CEO of Ciao is targeting an ICO for later this year.
Ciao Group recently announced a refreshed business plan to concentrate on developing locally sourced technology and telecommunication services within frontier and emerging economic markets. The Company is in the process of changing its name to NuMelo Technology as part of the business plan refresh.
Restance, through its subsidiary, East African Development Partners is pursuing several business lines in the growing economies of East Africa. The Company is developing opportunities in the region including initiatives in technology and systems integration services, utility support services, affordable housing and health products manufacturing.
The Company owns a majority interest in manufacturing equipment being integrated into a health products manufacturing facility currently under development. The Company is also under contract with a Chinese real estate investment firm to develop real estate assets in East Africa.