L💝ve and inflation💸
Afrobeats icon, Davido, was not wrong to belt out "Love is sweet oo, when money enter, love is sweeter" in his song, Assurance. Although it is common to hear that money can't buy love and that love costs nothing, reality proves otherwise.
The stories we often encounter clearly show the impact of money on love and relationships. It can make or break it. Couples dealing with financial stress tend to have lower levels of satisfaction and enjoyment in their relationships.
One of our stories in this issue of VA Weekly depicts what love is like in a time of inflation. Read through, and you would agree that love does cost something.
Adekunle Agbetiloye
Staff Writer, Ventures Africa
What's New?
Love in the time of inflation: Perhaps love does cost a thing.
Racheal had been saving towards becoming a mother. The plan was to have enough to cater for her children and to resign and start a fashion design business. In 2020, when Racheal had her second child, Nigeria’s official inflation rate climbed to 17 per cent. What this meant for her was that her savings were now 17 per cent less valuable. Fast forward to this day, Rachael still can’t quit her day job. The cost of her decision is that there is only a little time for the family to spend together. Read more.
The metaverse isn't all advantageous: Here are some of its drawbacks.
At the moment, one of the biggest lexicons in tech is Metaverse. Although still in its infancy, there is so much buzz around this new advent. We’ve been assured that it holds immense advantages. People have often talked about how the metaverse is poised to establish new business and investment opportunities, improve digital learning and education, create jobs, and improve social interactions and user experience. However, it is crucial to note that there are downsides to this revolution. Read more.
My Pivot Journal: How this teacher became an ed-tech founder.
Angel Amayo developed an unusual fascination for technology at a very young age. But his dream of becoming a tech bro was dashed when his Alma Mata, the University of Benin (UNIBEN) in Edo State, Nigeria, denied him admission to study computer science because he didn’t have physics in his O’level result. But thanks to Google Africa Developer Scholarship, he would eventually become the founder of an ed-tech startup. Read more.
Norah Magero's Vaccibox is making it easier to vaccinate people in Kenya's off-grid communities.
Cold chain infrastructure is particularly important for vaccine distribution. The COVID vaccine and some other health products contain biological products and are temperature reactive; the wrong temperature can degrade active ingredients and render the drug unviable for users. Norah Magero, a Kenyan engineer and innovator, uses her innovation to alleviate this. Read more.
Here's why Nigeria loses big in the solid mineral sector
The Nigerian extractive industry has diverse minerals in substantial deposits, particularly in its solid mineral sector. Some of these minerals are in commercial deposits, meaning the country can generate revenue from them via export. However, the extractive industry has been dominated for decades by the oil and gas sector, Nigeria’s top foreign earner – which has taken the spotlight for years. Read more.
De-risking Nigerian women farmers through innovative insurance.
Agriculture is fraught with unpredictability. Farmers suffer massive losses on their investments and have no way of returning to production. These risks should be mitigated in Africa since agriculture remains critical to the economies of many African countries. Hence, a risk management mechanism like agricultural insurance is a necessity. Sadly, insurance penetration on the continent is lagging. Read more.
Our Weekly Collectables
Seen “Jimmy Savile: A British horror story” yet? Find out what happens when an eccentric TV star with philanthropic traits adds sexual abuse allegations to his mix.
When the founder of a Canadian crypto exchange unexpectedly dies in India, customers suspect there is more to his death. They were right. Trust no one: the hunt for the crypto king is proof that not all that glitters is gold.
After the lockdown, Klara was excited to start the one-day-in, one-day-out routine at work. But her excitement soon vanishes when she discovers that hybrid work is emotionally exhausting.
Did you know the first cook to make potato chips did it to prank a wealthy snub? A prank that would go on to change the history of snacking. Here are 10 accidental inventions that changed the world.
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