From Passport to Profit ✈️🤑
#157: Travel has long been recognized as a catalyst for innovation and entrepreneurship.
Hello Venturer,
My first trip outside Nigeria was to the Republic of Benin. I remember it being a breath of fresh air both literary and figuratively. It was refreshing to leave the bustle and congestion of Lagos for a more relaxing environment. I enjoyed the mesmerizing architecture, the pristine beaches, and the beautiful dance between our cultures.
After reluctantly returning to Nigeria, my travel gave me a new appreciation for my country. Yes, Lagos is not as calm and relaxing as I would like it to be, amidst the energetic chaos of Lagos, I discovered hidden treasures I had never noticed before, like the striking contrast between colonial and modern buildings.
Travel has a profound impact on innovation and entrepreneurship. It exposes individuals to new cultures, perspectives, and ideas, fostering creativity and providing valuable insights for various business endeavours. While my travels may not have directly ignited innovation or entrepreneurship, let me introduce you to Alma Asinobi, whose story will leave you inspired.
This week Alma Asinobi takes us on how travel shaped her dreams and empowered her entrepreneurial spirit.
Boluwatife Areola
Content Developer, Ventures Africa
What’s new?
My pivot journal: Alma Asinobi went from architecture to building her dream life.
Everyone talks about living the dream life. In most cases, they measure how close they are to it by what they can afford. But for Alma Asinobi, one of Nigeria’s leading travel content creators, it doesn’t work that way. Read more.
The ban on the export of unprocessed minerals in Africa is becoming a trend.
Despite Africa’s immense mineral wealth, the continent is yet to reap the financial benefits due to a lack of policies to promote value addition. Africa is said to be losing over $60 billion a year in illegal outflows and price manipulation in the extraction of minerals, with most of the proceeds going offshore. Read more.
South Africa’s load-shedding is taking a toll on businesses.
South Africa is in the dark. Literally. The country is going through its worst power crisis ever, with frequent and severe power cuts, also known as load shedding. And it’s taking a toll on businesses, regardless of their size. Read more.
Nigeria’s new student loan bill is commendable, but there are limitations.
On Monday, President Bola Tinubu fulfilled his promise to revitalize education by signing the Students Loan Bill into law. The Act aims to provide financial support to indigent Nigerian students pursuing higher education in government-owned universities, polytechnics, and colleges of education. Read more.
Weekly economic index: Nigeria suspends CBN governor, global economic decline, Binance halts in Nigeria.
Nigeria’s newly elected President Bola Ahmed Tinubu has suspended the country’s Central Bank (CBN) Governor, Godwin Emefiele, for investigative purposes. The Department of State Services (DSS) confirmed that the suspended governor of the CBN is now in its custody for some investigative reasons. Read more.
With lesser online authentication, social media retail scammers hide in plain sight.
The increasing number of businesses on social media has made it hard to distinguish scam sites from authentic ones. Read more.
How the IFC-bua $500 million deal underscores the critical role of private partnership for African economies.
Africa has some of the world’s most significant, yet, untapped resources such as solar, hydraulic and geothermal energy. While some of these resources are scattered across the continent, most are found in huge deposits around the Northern, Southern and Eastern regions. Read more.
Holiday Jollof
Read our special holiday issue on the events, businesses, people, and policies that impacted Africa in 2022.
Our weekly collectibles
We all know what languages are the most popular on earth. But what languages dominate the internet?
What's the link between an ancient temple and modern politics? You'll know when you see what is beneath the Temple Mount.
Which countries take the best care of their citizens? Are you in one of them? Find out How well your country provides for its citizens.
Does art originality matter to you? If it doesn't, maybe you should read why Salvador Dalí is the most fake artist in the world
#VANUGGET
