Hello Venturer,I hope the recent rise in the dollar did not break your heart. Although the news shocked many, it was not much of a surprise for Nigerians given our economic reality in the last year.I often think the dollar is too proud; it has mastered the act of ridiculing other currencies globally. In just a few days since it went up, prices of goods and services have skyrocketed, no thanks to our volatile Naira. But we only live once, and the weekend groove must happen- for sanity’s sake.So, I imagine a weekend alone or with friends and family with activities lined up. You could visit the latest restaurant, play video games, or binge-watch your favourite show. Thanks to advances in technology, entertainment is now at our fingertips. But at what cost?In this issue of VA Weekly, we explore the socioeconomic cost of technology in Congo. Despite being the top producer of cobalt and the fourth-biggest producer of copper globally, both essential elements for the next frontier of technology, the DRC remains one of the world's poorest countries.Ishioma EmiStaff Writer, Ventures Africa.
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The cost of tech 💰 - Issue #94
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Hello Venturer,I hope the recent rise in the dollar did not break your heart. Although the news shocked many, it was not much of a surprise for Nigerians given our economic reality in the last year.I often think the dollar is too proud; it has mastered the act of ridiculing other currencies globally. In just a few days since it went up, prices of goods and services have skyrocketed, no thanks to our volatile Naira. But we only live once, and the weekend groove must happen- for sanity’s sake.So, I imagine a weekend alone or with friends and family with activities lined up. You could visit the latest restaurant, play video games, or binge-watch your favourite show. Thanks to advances in technology, entertainment is now at our fingertips. But at what cost?In this issue of VA Weekly, we explore the socioeconomic cost of technology in Congo. Despite being the top producer of cobalt and the fourth-biggest producer of copper globally, both essential elements for the next frontier of technology, the DRC remains one of the world's poorest countries.Ishioma EmiStaff Writer, Ventures Africa.