Out with the old
Hello Venturer,
As we ring in another year, it's a time to reflect on the past year. At Ventures Africa, we dedicated 2022 to telling stories about an evolving Africa - from profiles on innovative business leaders to discussions on important policies, to highlighting the diverse and inspiring individuals who make up this dynamic continent.
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This year, we are eager to share more stories that demonstrate the incredible growth and potential of Africa. These stories will cover technological advancements, entrepreneurial ventures, and discussions on social justice and government policies.
We hope you'll stay with us and be a part of the conversation as we continue to shine a light on the many facets of this diverse and constantly evolving continent. There is so much to explore.
Here's to an exciting year ahead!
Hadassah Egbedi
Editor, Ventures Africa
What’s new?
The uncertainty of Nigeria’s currency redesign
When you log on to the homepage of the Central Bank of Nigeria (CBN), a timer stares back at you, counting down to January 31st, when the current series of N200, N500, and N1000 notes will become invalid in Nigeria. But as we inch closer to that deadline, there’s growing uncertainty around its realism. Read more.
15 African creatives to watch in 2023
Africa is abundant with creativity, evident in the diverse forms of expression found in our music, fashion, food, art, and even our sense of humour. In the past year, many African creatives have excelled in their crafts, leveraging social media and tech innovations to not only nurture their creativity but also monetize and export their talents to a global audience. Read more.
How sustainable is the NNPC-Tompolo partnership?
Nigeria’s crude output significantly heightened OPEC’s crude production in December 2022. The country’s produced 1.35 million bpd following a crackdown on oil theft by security companies linked to Government Ekpemupolo (Tompolo), a former Niger Delta warlord. How sustainable is the government’s partnership with an ex-militant? Read more.
10 firsts in African business in 2022
2022 was a year of many firsts. For instance, Meta reported its first quarterly drop in revenue since its IPO, Rishi Sunak became the first person of colour to head the British government, and a Middle-Eastern country hosted the World cup for the first time. Africa also had its moments in 2022. Read more.
What’s the future of the Anchor Borrowers’ Programme?
As Nigeria’s population continues to grow, so does the need for employment and food security. The Nigerian government recognized the potential of the agric sector to solve these issues and established the Anchor Borrowers’ Programme to diversify the economy, create jobs, and enable farmers to become self-sufficient in food production. But farmers are defaulting on loan repayment. Read more.
10 notable female entrepreneurs in Southern Africa
Last year, the Mastercard Index of Women Entrepreneurs (MIWE) revealed Africa as a leader in its 2021 score for female entrepreneurs globally, an indicator of women’s economic impact on the continent. According to the index, Botswana (38.5%), Uganda (38.4%) and Ghana (37.2%) ranked as the countries with the most women business owners globally, for the third consecutive year. Read more.
Holiday Jollof
Read our special holiday issue on the events, businesses, people, and policies that impacted Africa in 2022.
Click the image to read.
Our weekly collectibles
What happens when a scammer calls the authorities to complain about being duped? Find out in scammers are scamming other scammers out of millions of dollars.
What is the best platform to get the news? Find out why more Americans are getting news on TikTok.
Last year, many Nigerians relocated to other countries in search of “greener pastures”. Discover what happens next on the other side of Japa.
#VANUGGET
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