Fintech
November 6, 2024
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Afrobeats artistes like Davido, Wizkid, Burnaboy and Sarkodie are despite all challenges making a lot of money from their craft. In recent years, Afrobeats – a form of African music developed mainly in West Africa has gone global, this type of music can be heard blaring on radio stations, airports, and supermarkets around the world. In times past, the major obstacle facing the music industry in Africa was piracy. In Nigeria, the birth country…
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The Eko Atlantic city project in Lagos has been under construction since 2005. The project is an ambitious plan to develop a new city off the coast of Victoria Island on 10 square kilometers of land reclaimed from the Atlantic Ocean. When completed, the city will serve as a regional hub for banking, tourism, luxury real estate, services and is also projected to contribute about $1 billion to Nigeria’s GDP. “When it matures it…
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When Covid-19 was just starting to sweep the globe, experts predicted Africa would be devastated, with millions of lives lost. But 11 months later, the continent seems to be doing better than anticipated. The United States with a population of about 326 million people, has so far recorded over 228,000 deaths from the coronavirus, while the entire continent of Africa has recorded just over 41,000 deaths. Researchers have found no reason to believe that…
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Nigeria’s federal government is currently in court fighting a lawsuit filed by Malcolm Omirhobo, a Lagos based lawyer, seeking the removal of Arabic scripts from the country’s Naira banknotes because they “represent Islam”. This has generated a lot of controversies and is being debated in religious and political contexts. Here are five reasons why the Arabic script should not be removed from Nigeria’s banknotes. It’s actually not Arabic The proper term for this Arabic…
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US-Senegalese artiste and entrepreneur, Akon is pressing ahead with plans to build a $6 billion city that is described as “a real-life Wakanda” in Senegal. The plans depict gleaming skyscrapers, shopping malls, music studios, and eco-friendly tourist resorts. They envisage that “Akoin”, a cryptocurrency founded by the R&B star, would be the central currency. Akon said the city would provide opportunities for Senegalese people and an alternative home for African Americans facing racial discrimination. The…