The TikTokification of the internet💻🌎
Hello Venturers,
I find it interesting that investment banks on Wall Street are facing a grave challenge. Interns and entry-level analysts in these financial institutions are posting about their work life on Tik Tok in an industry characterized by its confidentiality.
TikTok is increasingly influencing the young demographic globally and has been described as the most addictive app in recent times. Truly it is. I see how my friends get immersed in it for hours. Interestingly, the influence extends beyond social media. 40 per cent of young people now make their search queries on TikTok instead of Google, and its operations are expanding into e-commerce to compete with the likes of Amazon.
Because of the platform's teeming young audience, other social media platforms - Twitter, Youtube, and Instagram have begun to imitate it. Why is this happening? One of our stories this week argues how modern social media is evolving into a giant digital beehive where TikTok is the queen bee. Enjoy.
Adekunle Agbetiloye
Staff Writer, Ventures Africa
What's New?
Why does everyone want to be TikTok?
One can argue that modern social media is evolving into a giant digital beehive where TikTok is the queen bee. Some call it the “TikTokification” of the internet. Why is this happening? Read more.
Ten women running multimillion-dollar businesses in male-dominated industries in Nigeria.
When it comes to making economic impacts and influencing societal changes, African women have always shown resilience. As it was in the days of yore, more women have dared to change the narrative, to compete fairly in male-dominated industries. Read more.
Special agro-industrial processing zones: An initiative to transform Nigeria’s agricultural sector.
As of 2021, agriculture contributed about 23.7 per cent to the country’s GDP and employed about 35 per cent of the population. Nigeria has about 79 million hectares of agricultural land, with only 44 per cent cultivated. Maximising this potential infrastructure and finance is critical. And this is one of the offerings of the SAPZ project. Read more.
Africa’s worst-performing currencies in 2022.
Currency strength is one of the most obvious ways to measure a country’s economic health. And going by that, some African countries aren’t doing so well. While the continent is home to one of the world’s best-performing currencies, it also houses the worst currencies. Read more.
Nigeria’s best-performing banks in 2022 (Charts).
The banking sector is one of the cardinal industries in Nigeria. In short, it’s the heart of any economy. Their services are crucial in powering up other industries and keeping an economy healthy. Read more.
My Pivot Journal: How a geologist became a robotic process automation developer.
Onyinyechi Odiegwu’s journey into coding was not a smooth one. All she wanted was to gain a new skill and start earning ‘tech money’. But without a laptop, there was only so much she could do. After several weeks of shuffling between babysitting, night learning, borrowing laptops, and even dropping out of a course, Onyinye finally became a tech sis. Read more.
Expert commentaries on the Nigeria Startup Act.
Last week, the federal government signed the Nigeria Startup Act in a move to strengthen the country’s tech ecosystem. The Startup Act is a joint initiative by Nigeria’s tech startup ecosystem and the presidency to harness the potential of its digital economy through co-created regulations. Read more.
Weekly Economic Index: Nigeria wants to lead Africa’s tech ecosystem with new Startup Act.
The government of President Muhammadu Buhari has finally signed the long-awaited Startup Bill into law- the Nigeria Startup Act. The motion has been on for over a year in the senate and is a hot topic of discussion in the business climes. Read more.
MWC Africa 2022 showcases the massive potential of the mobile economy across Africa.
The theme of the opening keynote, “Building a Digital Future, Together” led the event’s discussions about how mobile connectivity, a major engine of growth, is bringing endless potential by accelerating digital transformation for all business sectors in Africa, from healthcare and education to manufacturing and financial services. Read more.
VA BIZ HIVE: The Agric Issue.
The need for a technological footprint has given rise to an agritech ecosystem on the continent. Startups in this space are proferring technological solutions to problems faced in the agricultural sector with ultra-modern technologies like drones, automated irrigation systems, soil sensors, etcetera. Read more.
Our Weekly Collectibles.
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You've heard that quitters never win and winners never quit. Find out why that is terrible advice in the dip by Seth Godin.
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Remember to stay safe!
