Show business or slow business?🤔

Hello Venturer,

It's another weekend, and I know you love to hear that. Whether you're planning on partying or just relaxing, I know it would be incomplete without one thing - music.

I'm not here to continue the debate about who is greater between Davido and Wizkid. I'm simply happy that Afrobeats is gaining much-deserved recognition globally.

However, I have a small concern. What does that mean for local show business? Does it mean we get more or less shows locally? This week, we tell a story on the impact of the Afrobeats boom on local show business.

Oluwatosin Ogunjuyigbe

Staff Writer, Ventures Africa

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What does the global Afrobeats boom mean for showbiz in Nigeria?

Beyond the soothing melodies, the industry is contributing to youth employment and empowerment. According to Statista, Nigeria’s music industry is expected to be worth $44million in revenue by 2023. This impressive stat points to one thing — that music is a business that puts food on tables. Read more on how showbiz is doing in Nigeria.

Google plans to invest $1billion to support digital transformation in Africa

Google is building a global infrastructure to help bring faster internet to more people and lower connectivity costs. The subsea cable Equiano will run through South Africa, Namibia, Nigeria and St Helena and connect the continent with Europe. Learn more

What is the worth of Nigeria’s plundered artefacts

There are around 900 objects from the historic kingdom of Benin in the British museum’s collection, and over 100 can be seen in a permanent changing display within the museum’s galleries. The worth of these artefacts is better described as invaluable because, beyond their monetary value, which cannot be quantified, they hold deep cultural and spiritual values, as Adichie said in Berlin. 

"Good businesses need good samaritans." - Dr Jumoke Oduwole, Secretary, PEBEC

According to the World Bank, Nigeria ranked 131st out of 190 countries in the ease of doing business. Although this is quite low, it was an improvement from the 146th position in the previous year. This ease of doing business index covers several significant factors worth looking at in a business climate. However, it does not check all the boxes. Some factors are difficult to measure on a scale, such as integrity in doing business. Read more

Félix Tshisekedi’s UNGA speech sheds light on African climate challenges

African economies, which as a whole contribute far less to global warming than their counterparts in Europe, Asia, and the Americas and generate only a fraction of the world’s carbon emissions, are nonetheless set to suffer disproportionate consequences from rising temperatures over the next decade. Learn more

Why Coca-Cola has remained Nigeria's top beverage for 70 years

Coca-Cola is one of the world’s most valuable brands for several reasons, including its stellar branding, marketing, and positioning strategy. It is one brand that has mastered the art of selling not just a product but an experience. Coca-Cola becomes ingrained in the culture of the places where it is present. It becomes ingrained in people’s lives. Read more.

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