<h3 class="wp-block-heading has-text-align-center" id="h-adecadeofunder30">#ADecadeofUnder30</h3>



It’s that time of the year when anticipation gives way to excitement as FORBES AFRICA prepares to welcome and honor, yet again, the next cohort of young innovators, influencers and intellectuals taking the continent by storm.



Marking 10 years of the FORBES AFRICA 30 Under 30 list, this edition will also hark back to the journey of unearthing Africa’s youngest and brightest people taking the continent to the future. The 10th annual list will highlight the potential of what is yet to come.



“It has been 10 years of showcasing tomorrow’s titans and billionaires! This list continues to draw great interest from our readers, young and old. And on a continent with the world’s youngest population, it’s more pertinent than ever to unravel these young movers and shakers who will be tomorrow’s global newsmakers,” says Renuka Methil, Managing Editor, FORBES AFRICA.



With thousands of applicants and hundreds of list-makers over the past decade, FORBES AFRICA has shone the spotlight on award-winning musicians, actors, tech trailblazers, business leaders, sports stars and social entrepreneurs, among others, who have gone on to become behemoths in their own right. The list has also evolved in the past decade to look at the new wealth creators from the world of content creation and digital media.


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="1024" src="https://cms.forbesafrica.com/wp-content/uploads/2023/12/instagram-daily-2023-12-04T172738.612-1024x1024.png" alt="" class="wp-image-60428" style="width:770px;height:auto" srcset="https://cms.forbesafrica.com/wp-content/uploads/2023/12/instagram-daily-2023-12-04T172738.612-1024x1024.png 1024w, https://cms.forbesafrica.com/wp-content/uploads/2023/12/instagram-daily-2023-12-04T172738.612-300x300.png 300w, https://cms.forbesafrica.com/wp-content/uploads/2023/12/instagram-daily-2023-12-04T172738.612-150x150.png 150w, https://cms.forbesafrica.com/wp-content/uploads/2023/12/instagram-daily-2023-12-04T172738.612-768x768.png 768w, https://cms.forbesafrica.com/wp-content/uploads/2023/12/instagram-daily-2023-12-04T172738.612.png 1080w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>


From names like Tems, Thuso Mbedu, Sho Madjozi and Burna Boy or influencers like Kay Yarms, Mihlali Ndamase and Elsa Majimbo, and let’s not forget business pioneers such as Shamim Nabuuma Kaliisa or Charlot Magayi, it has been a journey of listing stellar achievements. &nbsp;



Now is the time to invite the next 30 visionaries, risk-takers, change-makers and pioneers from Africa to take their place in the class of 2024. This is a list that promises to be our biggest and best yet as we foray our way into the next decade.



Our rigorous nominations process will require extensive paperwork including police clearance certificates (PCC) or a report from your country verifying that you have no criminal record, no ongoing or upcoming court cases and that you are a citizen of that country. The FORBES AFRICA 30 Under 30 team of curators will also need a recommendation/reference letter from a financial institution (like your bank), ensuring that you are a legitimate business/brand employing funds responsibly. We recommend that you contact your financial institution or advisor to prepare for this part of the process as well as apply for your PCC as it could potentially take 4-6 weeks.



Should you wish to nominate someone or yourself, please read the following.



<h3 class="wp-block-heading" id="h-the-judging-process-will-take-place-in-four-stages">The judging process will take place in four stages:</h3>



<ul>
<li>The first stage will be the evaluation of your motivation. If you do not hear back from us (within a specific period), please deem your nomination as unsuccessful.</li>



<li>The second stage will require potential candidates to submit further documentation for the next stage of assessment.</li>



<li>The third stage will include an analysis of your financials, revenue model and credibility as in-depth research will be conducted into who you are and your company/team (no criminal records, troubling lawsuits/bankruptcies, allegations of crime, bad behavior, sexual harassment/abuse cases or fraud).</li>



<li>The final stage will have an expert panel of judges assess the strong candidates, whittling them down to the final 30. The editorial and research team makes the final selection based on judges’ scoring/remarks and adjusts for diversity across company type, gender, background, etc.</li>
</ul>



NOMINATIONS AND APPLICATION CRITERIA:&nbsp;



Please read and take careful note of the following before applying.



<h3 class="wp-block-heading has-text-align-center" id="h-business-and-technology-categories-nbsp">Business and Technology categories&nbsp;</h3>



<ol start="1" style="list-style-type:1">
<li>Must be an entrepreneur/founder aged 29 or younger as on&nbsp;31&nbsp;March 2024&nbsp;</li>



<li>Should have a legitimate&nbsp;REGISTERED&nbsp;business on the continent&nbsp;</li>



<li>Business/businesses should be two years or older&nbsp;(please ensure you have your audited financial documents for at least two years as well as your company’s registration documents; should you make the second stage, this will be required)&nbsp;</li>



<li>The more innovative the business the better&nbsp;(as it speaks to Africa’s growth story)&nbsp;</li>



<li>Have you/your company created social impact on the African continent?&nbsp;</li>



<li>The company must be profit-generating&nbsp;</li>



<li>Must employ people in Africa&nbsp;</li>



<li>All applications must be in English&nbsp;</li>
</ol>



<h3 class="wp-block-heading has-text-align-center" id="h-sports-category">Sports category</h3>



<ol start="1" style="list-style-type:1">
<li>Must be a sports person aged 29 or younger as on 31 March 2024</li>



<li>Must be representing an African team</li>



<li>Should have a proven track-record of no less than two years</li>



<li>Should be making significant earnings</li>



<li>Endorsement deals and/or awards of any kind would be a bonus</li>



<li>Entrepreneurship and social impact are a plus, especially if applying under the Business/Technology category. However, the business must oblige by the same rules as under Business/Technology</li>



<li>All applications must be in English</li>
</ol>



<h3 class="wp-block-heading has-text-align-center" id="h-creatives-category-nbsp">Creatives category&nbsp;</h3>



<ol start="1" style="list-style-type:1">
<li>Must be a creative aged 29 or younger as on 31 March 2024&nbsp;</li>



<li>Must be from or based in Africa&nbsp;</li>



<li>Should have significant earnings&nbsp;</li>



<li>Should have a proven creative record of no less than two years&nbsp;</li>



<li>Awards/recognition of any kind should be mentioned&nbsp;&nbsp;</li>



<li>Social media presence will be taken into consideration&nbsp;</li>



<li>Entrepreneurship and social impact are a plus, especially if applying under the Business/Technology category. However, the business must be legitimate, registered and also two years or older&nbsp;</li>



<li>All applications must be in English&nbsp;</li>
</ol>



<h3 class="wp-block-heading has-text-align-center" id="h-health-science-category-nbsp">Health/Science category&nbsp;</h3>



<ol start="1" style="list-style-type:1">
<li>Must be a creative aged 29 or younger as on 31 March 2024</li>



<li>Must be from or based in Africa&nbsp;</li>



<li>Should have a proven track-record in the field of health and/or science for no less than two years</li>



<li>Must have social influence and impact&nbsp;</li>



<li>If the nominee is a doctor/professor, please provide us with documentation and a reference letter from the institution where the applicant received a doctorate or Ph.D.&nbsp;&nbsp;&nbsp;</li>



<li>Entrepreneurship and social impact are a plus, especially if applying under the Business/Technology category. However, the business must be legitimate, registered, and also two years or older&nbsp;</li>



<li>All applications must be in English</li>
</ol>


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="1024" src="https://cms.forbesafrica.com/wp-content/uploads/2023/10/logounder30-blk4-1-1024x1024.png" alt="" class="wp-image-59683" style="width:302px;height:302px" srcset="https://cms.forbesafrica.com/wp-content/uploads/2023/10/logounder30-blk4-1-1024x1024.png 1024w, https://cms.forbesafrica.com/wp-content/uploads/2023/10/logounder30-blk4-1-300x300.png 300w, https://cms.forbesafrica.com/wp-content/uploads/2023/10/logounder30-blk4-1-150x150.png 150w, https://cms.forbesafrica.com/wp-content/uploads/2023/10/logounder30-blk4-1-768x768.png 768w, https://cms.forbesafrica.com/wp-content/uploads/2023/10/logounder30-blk4-1-1536x1536.png 1536w, https://cms.forbesafrica.com/wp-content/uploads/2023/10/logounder30-blk4-1-2048x2048.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>


<a href="https://form.typeform.com/to/n0RuVTFD">Please apply here </a>



<div data-tf-widget="n0RuVTFD" data-tf-opacity="100" data-tf-iframe-props="title=30 Under 30" data-tf-transitive-search-params data-tf-medium="snippet" style="width:100%;height:500px;"></div><script src="//embed.typeform.com/next/embed.js"></script>

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Call For Nominations To FORBES AFRICA’s 10th Milestone 30 Under 30 List: The Class Of 2024

Finance is a crucial change agent in society, government, and technology.



The introduction of artificial intelligence (AI) is fundamentally altering the financial world. AI is a form of technology that confers intelligence on machines. In my 2013 book, Economic Modeling Using Artificial Intelligence Methods, I demonstrated how



AI could forecast economic indicators, predict stock prices in stock exchanges, perform credit scoring in banks, and model complex financial instruments such as options, futures, and derivatives. In our 2017 book, Artificial Intelligence and Economic Theory, Evan Hurwitz and I demonstrate how AI affects how economists think about demand and supply, pricing, and behavioral economics. Utilizing AI’s capabilities, the financial sector is on the verge of massive disruptive changes that present new opportunities and risks. This article examines how AI affects economic systems, specifically the financial sector, markets, and the government.



Using machine learning, predictive analytics, and natural language processing, AI has the potential to revolutionize the way institutions operate. Additionally, AI opens up new avenues for customer service, risk management, and business advice.



For example, AI-powered chatbots and virtual helpers help with customer service around the clock, simplifying user interfaces and making it easier to answer questions quickly.



Consequently, they enhance consumer experience and reduce expenses. For instance, in risk management and credit scoring, AI algorithms can examine enormous amounts of data to identify patterns and assess risk levels. This makes financial services available to a larger population.



In the investment world, robo-advisors have become popular. They use AI’s analytical capabilities to offer cheap, personalized financial advice. Through these changes, AI is making it easier for more people to use financial services and driving the global financial system to be more open to more people.



AI is also changing the way financial markets work. For example, AI has changed how stocks are bought and sold with high-frequency algorithmic trading. AI can analyze vast financial data in milliseconds to identify trends and make trades. This is a substantial improvement over traditional methods making markets move faster, more open and work better. However, increased market speed ushers market stability and systemic risks, requiring protection and strong oversight to avoid these problems.



Regulators worldwide seek to deal with AI’s problems, such as data protection and algorithmic transparency. Accordingly, there should be a balance between encouraging innovation and protecting the financial security and consumer interests in regulations. AI can simplify compliance procedures, monitor



financial transactions in real-time for illicit activities, and predict market glitches, making regulators more proactive.



In the African market, the African Continental Free Trade Area (AfCFTA), a trade deal that aims to increase trade significantly within Africa, offers unique opportunities for AI.



The agreement covers a broad range of aspects of Africa’s economy, such as digital trade and the protection of investments. Moreover, the number of countries in the AfCFTA will make it the largest free trade area globally, linking 1.3 billion people in 54 countries with a combined GDP of $3.4 trillion. AI can make the AfCFTA work better and reach its goals.



For example, AI can help improve trade logistics by making delivery systems, customs processes, and tracking and tracing more efficient. It can find the best ways to move goods, predict delays, and give traders real-time information. In addition, AI can analyze trade data to identify patterns, trends, and connections. This can help policymakers make better choices and predict and respond to future trends better.



AI-powered systems can make cross-border e-commerce more efficient, a sector expected to grow under the AfCFTA. AI can create personalized product recommendations and automate customer service. In education and training, AI can help people acquire the skills they need for an African economy that works better together.



However, for AI to achieve the goals of the AfCFTA, it is essential to have good AI governance and regulation. Furthermore, we need to invest in digital infrastructure and education.



In conclusion, AI is vital to changing how the world’s economic system works. It affects financial services, markets, and regulation. AI is ushering in a new age of innovation and efficiency.



However, as AI continues to change how the financial world works, a cautious and thorough approach is needed to make the most of its prospects and manage its risks well. There needs to be strong regulatory frameworks, investments in AI literacy and skills, and a commitment to ethical AI values. These objectives are essential if we want an AI-driven financial future that is both prosperous and sustainable in Africa.

Manager engineer control Innovation of robotics  automation robot ai Business data analytics process management

How Artificial Intelligence Affects The Financial Sector In Africa

For many, the reality of raising a family is an arduous journey – and often a silent one. In recent years, there has been remarkable progress in the field of reproductive technologies. These technologies include medical procedures used primarily to address infertility. In fact, the global assisted reproductive technology market size was valued at $28.2 billion in 2021 and is expected to reach $42.5 billion by 2030, according to a research report published by Spherical Insights &amp; Consulting.



In the African context, research suggests that our constantly and rapidly changing lifestyle is fundamentally impacting fertility. Fertility has emerged as a medico- sociocultural problem. The continent also has a higher prevalence of sexually transmitted infections (STI), and postpartum and postabortion infections, which contribute to both male and female infertility.



In fact, a 2019 study conducted by Ombelet and Onofre found that infertility had a higher prevalence in low-resource countries, particularly in sub-Saharan Africa. At the time, it was estimated that more than 180 million couples were impacted by infertility in the region. As the authors concluded: “The magnitude of childlessness in African countries has dimensions beyond its prevalence.” At its core, infertility is a human rights issue that demands attention.



In the 21st century, what are the ethical implications of reframing our creation of humans? As we venture into our own ‘brave new world’, we must do so with a framework in place. We find ourselves in the midst of the fourth industrial revolution (4IR), defined by great disruption to technology, industries, and society, which calls for changes to policy and our approaches.



There are two broad factors to consider in this shift: how do we safeguard core legal values – such as equal treatment under the law, procedural fairness, and due process and adequate access to justice for all, for instance – and how do we adapt to these broad societal changes? There are also key concerns in our own context. Infertility in Africa is impacted by epidemiological barriers as there is a lack of data informing the burden of infertility, the need for reproductive technologies and even access. Moreover, inequalities are starkly presented in conversations around access both from a geographical standpoint and a financial perspective.



Ombelet and Onofre’s study found that “more than 98% of the continent cannot afford In Vitro Fertilization (IVF) because it is either too expensive or because of a lack of IVF centers”.



In 2018, Botha et al. found that ‘inaccess’ was driven by the confluence of widespread poverty, inadequate government or insurance support, insufficient resource allocation for capacity building, and the absence of facilities. There are also challenges in the cultural, religious, and societal perception of both infertility and its treatment, which are pervasive in many parts of Africa. In some cases, this is largely the impact of limited knowledge of the public, patients, and even healthcare providers. This is coupled with restrictive health policies, which have to be challenged.



What is required is a comprehensive and culturally sensitive approach that takes into account the socioeconomic context.



Some solutions include raising awareness and education about available treatments and the benefits and risks; addressing cultural and religious beliefs around the technology and encouraging open dialogue; making artificial reproductive technologies more affordable on the continent through reducing 



costs; comprehensive healthcare coverage and public-private partnerships; and increasing research capabilities and data collection in this field to allow for infrastructure development.



Additionally, as other technologies of the 4IR have demonstrated, we need sound ethical frameworks. This will be the basis for our approach to regulation. This will require the legal fraternity to keep up with developments in the space and respond accordingly. While there are broad ethical frameworks in place, it is imperative that we get more specific as these technologies shift from theory to practice. Researchers Pepper and Slabbert state: “Legislation in its broadest sense should be seen as a permanent work- in-progress requiring ongoing review.” 



This is how we continue to break barriers and explore the unknown ethically. Legislation is largely reactive. In the 4IR, however, there is an increasing argument for a proactive approach.



What is apparent is that as these technologies increasingly emerge, society needs to respond accordingly. If we have any hope of ensuring greater access and acceptance, then we must ensure that we are adapting to this shifting context. As the biologist and author of Daedalus, JBS Haldane, once poignantly wrote, “We can foretell little of the future save that the thing that has not been is the thing that shall be.”

doctor analysing cell samples in a clinical fertility laboratory

The Ethics And Legality Of Artificial Reproductive Technology In An African Context

I attended the US-Africa Business Summit in July in Botswana, a country I have lived in in my youth, as a bachelor and then as a parent to boot.



The kids were born in the country’s new and first private hospital, GPH, efficient and chic, way back in the 1990s.



The conference center is equally so today – sparkling, purpose-driven, punctuated by smart cops along the brand-new roads leading there. A hallmark of Botswana. No wastage. Elegantly done at just the right time.



I left Botswana 25 years ago and have traveled the globe a bit. A journey that made me understand geopolitics and see its hypocrisies. Yet, this Kalahari country of my youth quietly got so many things right: control over its primary resources, universal free health, education, buffering cattle farmers from market volatilities, infrastructure, institution building, respect for the law, clean elections, conservatism, and a policy-driven government staying true to its manifesto.



A case study on getting things done.



Yet, many of my old friends, prosperous and welcomed as they have been in their adopted country, remain critical.



I dare say I left them unmoved. Familiarity breeds contempt?



But if the country still had many flaws, diamonds too need imperfections to shine.



The weather that week was the quintessential Kalahari winter I had long forgotten. Cold and crisp in the shade and warm in the sun, dry in its core but embracing in its reach; epitomizing the Motswana spirit.



‘What you see is what you get.’ A GDP (Purchasing Power Parity) per capita of about $20,000, Africa’s best credit rating, and a literacy rate of about 90%. The country has shown what planning and execution can achieve in only five decades.



I have a special bond with it.



1966 is my birth year and the year of Botswana’s independence.



At that time, one of the poorest – with a GDP per capita of about $70 per year – landlocked and two-thirds desert, it has transformed itself from being hopeless to a developed country today.



The country’s tale of self-rule is intertwined with that of white supremacy to prevent a marriage between an African chieftain destined to be the first President and his white British fiancée. They overcame it against all odds while maintaining peace with an unapologetic British government and an apartheid neighbor, South Africa.



It is a story of love and self-belief.



And above all, supreme diplomacy from a rustic but wise nation to forge a modern nation. Indeed, a testament to the rural fabric of fortitude and patience.



If indeed a country’s future lies in its history, this country’s common sense is its foundation.



While there, my evenings were laced with nostalgic dinners. Soaked in old stories, revealed, regaled, and rekindled.



Touchingly, those lovely people of Gaborone, the country’s capital, served up my favorite cravings and my special indulgences. Bonded with love and tied with memories.



Humane but often elusive. Serene indeed to see people from yesteryears making time for you. The President is an imposing figure with conviction; he’s articulate and clearly visualizes a thriving, peaceful Botswana.



And indeed, he is so comfortable as an African thought leader.



I recalled the days of a ‘quiet’ Botswana.



Now, their charismatic leader espouses African collaboration, instilling hope, and embracing the wisdom that deliverance for Africa must come from ‘us, the people’.



He reiterates the enormous possibilities, the need to share knowledge within Africa and the necessity of collective bargaining.



The miracle that the continent survives despite the incessant barrage of exogenous influences should embolden us for greater things, not derail us.



I bow to Botswana, the cradle to my young impressionable days where the seeds of inspiration were sown in me.



I learned the joys of networking, collaborating, and understanding different cultures in this little unheralded town.



I learned humility was a tool, humanity a constant and hubris a disease. For prosperity, peace, and progress. In a continent of discontent, Botswana is that beacon of hope and tranquility. May it drive the destiny of Africa. A harbinger of greatness and a poster boy of solidity in the maligned and exploited continent of Africa. Thank you, Botswana, as you seek your rightful place among the great nations of this world.

Gaborone, South East, Botswana 27 April 2017 aerial panorama of  Main Mall

A Homecoming: To The Beacon Of Hope And Tranquility

Traveling for work these days is not as simple as booking a flight, packing a suitcase and heading for the nearest airport lounge.



With the price of airline tickets sky-rocketing and the cost of hotel rooms in the stratosphere, companies are encouraging employees to get better bang for their travel buck.



To cut costs, bosses suggest cramming more meetings into the time away, driving to destinations instead of flying and – yes, you guessed it – sharing a hotel room with a colleague.



Many bosses have tried to dress up shared accommodation arrangements by telling employees that cohabitating is the perfect opportunity to build camaraderie and team work.



Some have been more direct and told staff that room shares might prevent a reduction in head count if they are forced to tighten their belts down the line.



Others have told staff it is not unlawful to ask colleagues to share rooms and recommended that they go with the flow and “buddy up” to save their company dollars.



But just because employees can share a hotel room does not mean they should.



Sharing with a colleague can be bad under any circumstance let alone if you are feeling unwell, experiencing “gassy” conditions, are prone to allergies or experience congestion during the evening.



And it can be uncomfortable to share a room with an early riser when you are a night owl or when you are forced to endure your colleague’s snoring or realize your roommate is a sleep walker.



Besides, being forced to witness your colleague in a towel or their sleepwear, share their soap when you shower and navigate their toiletries in the bathroom all go way beyond the call of duty.



It is important in the modern workplace that we get to know our colleagues though we only want to learn about work- appropriate aspects, not their more intimate or private sides.



Sharing rooms erodes the professional boundaries that we spend considerable time establishing.



You will not view your colleague Anna the same way if you become aware that she downs three shots of vodka each evening to help her to sleep. You will probably have a different view of Alan if you have been forced to listen to his raunchy sleep talking. And you will most likely have an alternative view of Alice after witnessing her 10-step bedtime regime, which includes two hours of reading before retiring but leaving a light on throughout the night.



If that is not enough to seal the case against sharing a hotel room with a workmate, there is more to consider.



Some people have medical conditions they would prefer not to disclose or be forced to manage in front of colleagues.



And of course the risk of sexual harassment is very real when unwanted advances take place behind closed doors in a shared hotel room.



Some employees will get around the problem of shared hotel rooms by paying for their own single room. Yet paying out of their own pockets is neither a reasonable nor fair solution to this escalating dilemma.



What is needed is for more workers to push back and make the point work travel is draining and that it is important to be well-rested to be effective in their line of work.



The more workers oppose shared accommodation arrangements then the greater the chance that employers will listen.



There is also the prospects of employers reducing costs by using cheaper hotel chains, making greater use of day trips without overnight stays and organizing virtual meetings as an alternative to travel.



But if the boss does require room-sharing, secure your employer’s assurance they will cover the expense of booking a separate room if your roommate’s behavior affects your ability to get a good night’s sleep.



Employees who travel for business to benefit their employer should be treated with the respect and regard they deserve.



This includes privacy and safety, a place for downtime away from colleagues and the opportunity to relax without having to worry about the views, emotions, routines and rituals of their colleagues.



Forcing employees to get to know each other in such an intimate way is not appropriate and can end up diminishing or destroying otherwise good working relationships between individuals.



To put this matter to bed once and for all, companies must refrain from asking employees to share rooms when traveling for work.



The risks will always outweigh the savings.

Interior of hotel room with twin beds

Sharing Rooms On Work Travels: The Good, Bad And Ugly

The African Cup of Nations (AFCON), the continent’s most important international men’s association football competition, is less than two months away. FORBES AFRICA offers some insight into what one can expect in the build-up to this much-anticipated exhibition.



Few times, if ever, has the favorite going into an Africa Cup of Nations (AFCON) tournament emerged after a month of intense action hoisting aloft the trophy.



But two years ago, at the last edition in Cameroon, Senegal were certainly a sentimental favorite because they had come so close on several previous occasions but never won, and so when they emerged as victors, it was to many neutrals’ delight.



As reigning African champions, that will make them among the fancied sides this time round, which if historic precedence is followed, will not be welcome.



No team since Egypt in 2008 has been able to hold on to the African crown and Ghana and Cameroon are the only other countries able to retain their title.



The 34th edition Cup of Nations will kick off on January 13 and is being hosted in the Côte d&#8217;Ivoire – a second time for the West African country after the 1984 finals.



Then it was an eight-team tournament, completed in the space of 14 days, but Africa’s continental championship is much evolved. This time round, the Ivorians host 24 teams at six different stadia, four of them newly built for the tournament, which will have a bevy of top stars on display, with the ever-increasing number of African players now featuring in the top leagues in Europe.



Their clubs are not happy they will be absent for up to a month but FIFA rules dictate national teams enjoy preference on the players’ service over clubs when a continental championship, like AFCON, is hosted. Ideally, the players should not have to suffer the tug of club versus country.



But this tournament was moved back six months because of concerns over the rainy season in the region and is now being hosted slap bang in the middle of the league season to the chagrin of the clubs who now lose the services of their best African players.



The concerns over the weather should have been raised when the Ivorians first bid to host the finals but are genuine and have already caused much consternation long before a ball has even been kicked.



The newly-built showpiece Stade Olympique d&#8217;Ebimpé in Abidjan, where the final is due to be played on February 11, turned into a paddling pool in September when the Ivory Coast played Mali in a friendly and the heavens opened. There was no proper drainage and eventually the game had to be called off to the embarrassment of the Ivorians.



There were pitch problem at the last Cup of Nations in Cameroon too, to the consternation of the Confederation of African Football (CAF), and they can ill afford a repeat this time, seeking to assure that the playing surfaces are of a quality that ensures a good footballing spectacle. French experts have been called in to make sure all the pitches are ready for carpet football once the event gets underway.



If all conditions do turn out to be top class, it is tournament that has the potential to be a top quality event, given the strength and depth of the protagonists.



Of the 24 participating nations, half have won the tournament previously. This time there are no newcomers but some tricky minnows with a proven pedigree for creating carnage. Equatorial Guinea and the Gambia, for example, were giant killers at the last finals and return again with the ability to upset the established pecking order.



Hosts Côte d&#8217;Ivoire, who have won twice before in 1992 and 2015, have a talented squad but are a little short of tournament temperament. They will look to the former England international Wilfred Zaha to lead their hopes and he certainly has the x-factor to lead them to the winners’ podium.



Morocco, on the back of their heroic exploits at the 2022 World Cup, will be the most fancied side but teams from Arabic-speaking North Africa have a long history of struggling when AFCON is hosted south of the Sahara.



Egypt did win in Burkina Faso in 1998 and again in Ghana 10 years thereafter, but Morocco have pointedly failed time and again in the continental championship, particularly when they have been hailed as pre-competition favorites.



Perhaps this will be their time given the confidence they collected in Qatar, where the 2022 World Cup took place, when they became the first African, and Arab, nation to reach the semi-final.



Algeria will have a heavyweight selection of French-born players from the massive Diaspora that they have across the Mediterranean, while Egypt are ever dangerous, particularly if Mohamed Salah is on song. Egypt lost narrowly in the last Cup of Nations finals to Senegal on post-match penalties.



It has been a decade since Nigeria last won the competition but this could be their opportunity again with a squad brimful of attacking talent. It is led by the striker Victor Osimhen, who finished top scorer in Italy last season where he helped Napoli to win the league.



Often times, however, the players’ ambition is let down by the foibles of their administrators, whose incompetence might make things tough for Nigeria to realize its massive potential.



The tournament is being played in Abidjan (two stadiums), Bouake, Korhogo, San Pedro and Yamoussoukro with all but two of the venues built specifically for the tournament.

South Africa v Morocco – Africa Cup of Nations

The Pride Of African Football: A Look Ahead

A vision to enhance Nigeria&#8217;s power landscape and facilitate a transition to a more sustainable energy mix.



In a strategic move in Abuja, Nigeria&#8217;s federal capital territory (FCT), the minister of power, Bayo Adelabu, held a meeting with Sun Africa LLC, a US-based renewable energy solutions provider. &#8220;Together, we solidified a collaboration to enhance Nigeria&#8217;s power landscape,&#8221; he affirmed. The collaboration aims to deliver 961 megawatts peak (MWp) of solar photovoltaic (PV) generation infrastructure and 455 megawatt-hours (MWh) of battery energy storage systems, amounting to a $2.2 billion investment.



Adelabu disclosed this while sharing the vision during his visit to Cotonou, Benin Republic. &#8220;I had the honor of representing Mr President [Bola Tinubu] at the commissioning of the West African Power Pool&#8217;s (WAPP) Communication and Coordination Center,&#8221; he posted via his X account on November 19.



This initiative by the Economic Community of West African States (ECOWAS) promises &#8220;seamless power transmission and market-driven energy trading across the West African sub-region.&#8221;



Excitement resonated in the minister&#8217;s words as he shared his anticipation of the positive impact of the solar PV generation infrastructure on Nigeria. &#8220;This collaboration is a crucial step in transitioning to a more sustainable power mix, vital for economic growth and environmental responsibility,&#8221; he emphasized. The commitment from Sun Africa aligns with his power sector transformation roadmap, focusing on distributed power leveraging renewable energy.



This is coming on the heels of the visit of the president of the World Bank, Ajay Banga, where he co-convened a private sector roundtable with discussions held on the crucial role electricity plays in the country&#8217;s economic development. The World Bank notes that 85 million Nigerians lack access to electricity, and if left unaddressed, this figure is expected to rise to 94 million by 2030.



The financial backing for this ambitious venture is equally robust. &#8220;Financing partners ING Bank and Citi, backed by the US Export-Import Bank (US-EXIM Bank), actively support this venture, committing up to $10 billion over the years,&#8221; revealed the minister.



This support, according to Adelabu, not only ensures the success of the initial phase but also lays the foundation for future developments. Collaborating with Sterling and Wilson Renewable Energy Limited as the Engineering, Procurement, and Construction (EPC) partner further solidifies the project&#8217;s strategic execution.



He expressed gratitude to all stakeholders involved, recognizing this collaborative effort as a milestone in advancing sustainable and reliable energy solutions for Nigeria. &#8220;Together, we forge a path towards a brighter, greener, and more energy-efficient Nigeria,&#8221; he concluded.

Laptop, farm and engineer team together at night for renewable energy, power and wind turbine. Electrician or technician man and woman in nature for electricity, eco and green environment maintenance

Nigeria And Sun Africa Spearhead $2.2 Billion Renewable Energy Solution

Analysts express concerns over the second postponement of the Central Bank of Nigeria&#8217;s (CBN) Monetary Policy Committee (MPC) meeting, crucial for interest rates, leading to uncertainties in the market.



While investors began the week on a negative note, resulting in a 0.15% decrease in Nigeria&#8217;s equities market, it closed with a 0.07% gain on Thursday. This was propelled by bargain activities in small to mid-cap stocks.



On Monday, Stanbic IBTC Holdings, CWG, and Caverton Offshore Support Group witnessed profit-taking, leading to share price declines. Stanbic IBTC Holdings saw a 7.08% drop, CWG lost 3.14%, and Caverton was down by 2.78%. However, on Thursday, Beta Glass led market advancers, rising by 10%, while Multiverse, Mecure Industries, and Nigerian Enamelware also experienced significant gains.



At the close of Thursday&#8217;s session, the Nigerian Exchange Limited (NGX)-All-Share Index (ASI) increased to 71,052.85 points from 71,008.7 recorded on Monday. Market capitalization reached ₦39.074 trillion ($40.85 billion), bringing the year’s return to 38.63% from 38.55%. In 6,579 deals, investors exchanged 563,707,721 shares worth ₦3.442 billion ($3.59 million).



“For this week, we expect a couple of factors to impact investors’ sentiment. Specifically, we anticipate a downturn in market momentum driven by concerns around the inconsistency of the Monetary Policy Committee (MPC), [as it further postponed its next meeting scheduled to hold during the week].



“Also, we foresee profit-taking activities across tickers that have realized significant gains. However, we do not rule out the possibility of bargain-hunting activities during the week as investors strategically take positions on stocks with attractive entry points.



“Overall, we expect the market to trade on a mixed note with a prevailing bearish sentiment. Thus, we expect the NGX-ASI to close in the red zone this week,” Meristem research analysts reportedly said in their stock recommendation for Monday.



The devaluation of the Naira in June has had a significant impact on Nigerian businesses, particularly foreign-owned subsidiaries trading on the Nigerian Exchange.



Companies with foreign parent groups, importing a substantial portion of their inventories, experienced unrealized FX losses due to the devaluation.



The MPC of the Central Bank of Nigeria (CBN) has twice postponed its 293rd meeting, initially set for September 25 and 26, since the nomination of the new governor, Yemi Cardoso, in the same month.



The meeting, intended to address various issues, including the decision on interest rates, was rescheduled for the second time on Monday, shifting to an unspecified date. This meeting would have signified the inaugural rates meeting under Cardoso. While acting as CBN governor from June to September, Folashodun Shonubi oversaw two interest rate increases at the bank.



With the enactment of the new CBN Act (2007) by the National Assembly, the reconstituted MPC &#8220;meets bi-monthly, except in the event of an emergency&#8221;. The two-day meeting occurred in January, March, May, and July 24 and 25. According to the Act, the meeting was supposed to take place in September and November, raising concerns about efforts to stabilize the nation&#8217;s currency, which has plummeted about 42% this year, contributing to inflation which worsened in October.



Nigerian analyst Kolawole Oyebola weighs in on the situation, attributing the negative sentiment to global economic concerns and regional factors impacting investor confidence.



Oyebola notes that the early-week downturn was a reflection of the cautious approach adopted by investors amid geopolitical tensions and fluctuating commodity prices. &#8220;The market experienced a slight dip on Monday as investors reacted to external pressures, exhibiting a typical risk-averse behavior,&#8221; Oyebola tells FORBES AFRICA.



&#8220;The mid-week recovery suggests that investors reevaluated their positions, with a focus on the underlying strength of the Nigerian economy,&#8221; Oyebola explains. He highlights positive indicators, including increased trading volumes and strategic investments in key sectors.



While uncertainties persist, Oyebola expresses optimism about the market&#8217;s ability to navigate challenges. &#8220;Investors are becoming more discerning, and we&#8217;re witnessing a more mature approach to risk management,&#8221; he remarks.



The analyst urges stakeholders to closely monitor global economic developments, emphasizing the interconnected nature of financial markets. &#8220;I encourage investors to adopt a balanced and informed strategy to navigate the evolving landscape.&#8221;

Central Bank of Nigeria headquarters in Abuja.

Nigerian Equities Overcome Early Week Slump, Close With Gains On Thursday

The strain is concerning for entrepreneurs who highlight the challenges posed by exchange rate volatility and call for sustainable solutions amid fluctuating policies and economic dynamics.



The Nigerian naira is facing continuous strain on the foreign exchange (FX) market, reaching ₦1,145 per dollar on the parallel market, a slight dip from ₦1,140 on Monday.



Two pivotal policies, implemented since President Bola Tinubu&#8217;s inauguration on May 29, have significantly influenced Nigeria&#8217;s economic landscape. The immediate cessation of the fuel subsidy on the inauguration day and the naira unification on June 14 marked a departure toward a free-floating system by the Central Bank of Nigeria (CBN).



Under this system, deposit money banks (DMBs) and forex market dealers are allowed to engage in unrestricted buying and selling of currency at market-determined rates. This shift signifies a move away from the previous multiple forex regime to a more flexible approach.



The naira experienced a period of depreciation, plummeting to ₦1,310 in October on the parallel market. However, it briefly rebounded to ₦960 in early November. While the naira is demonstrating signs of appreciation at the investors and exporters (I&amp;E) window, the parallel market remains a preferred choice for urgent business transactions due to its ease of accessibility. This preference intensifies the pressure on the naira.



When requesting foreign currency in Nigerian banks, certain regulatory documents are necessary for Form A, including Personal Travel Allowance (PTA), Business Travel Allowance (BTA), school fees, and medical fees. Additionally, Form Q applications for Small and Medium Enterprises (SMEs) may entail a rigorous and time-consuming process which takes days.



At the Autonomous Foreign Exchange Market (NAFEM), the naira was quoted at ₦830.97 on Tuesday, an appreciation from ₦847.55 quoted on Monday, as reported by data from the Financial Markets Dealers Quotations (FMDQ).



The official market witnessed a peak spot rate of ₦1,120 per dollar and a lower rate of ₦701 on Friday. The daily FX market turnover surged by 23.60 percent to $157.78 million on Friday from the $127.65 million recorded on Thursday, reflecting the dynamic nature of the foreign exchange landscape in Nigeria.



Exporters like Oluwaseun Obilana are expressing deep concern over the implications for their businesses.



Obilana, a player in Nigeria&#8217;s export industry, voices his apprehension about the continuous strain on the national currency as exporters rely on stable exchange rates for international trade.



Emphasizing the challenges this poses for exporters, Obilana states to FORBES AFRICA, &#8220;The volatility in the exchange rate is affecting our ability to plan and price our products competitively in the global market. It adds uncertainty to our operations and erodes the profitability of our businesses.&#8221;



He adds: &#8220;A weaker naira not only impacts pricing but also raises the cost of importing raw materials and machinery crucial for manufacturing and production. This, in turn, could have cascading effects on the overall economy.&#8221;



The CBN has been grappling with measures to stabilize the exchange rate, implementing various policies to address the challenges faced in the FX market. However, the recent fluctuations indicate the persistence of underlying issues that continue to pose a threat to the stability of the national currency.



Obilana calls for more sustainable solutions to ensure the stability of the naira.



Nigerian investor Moses Adeolubodun highlights the need for a comprehensive strategy to address the challenges facing the naira.



&#8220;The consistent depreciation of the naira is a cause for concern and demands urgent attention from relevant authorities. A resilient and stable currency is crucial for investor confidence and economic growth,&#8221; Adeolubodun tells FORBES AFRICA.



He also attributes the recent fluctuations to a variety of factors, including global economic uncertainties, fluctuating oil prices, and domestic challenges. Nigeria, being an oil-dependent economy, is particularly susceptible to the volatility of oil markets. &#8220;The recent trend has put additional pressure on policymakers to explore more effective solutions.&#8221;



Adeolubodun emphasizes the importance of collaborative efforts between the government and the private sector to devise sustainable strategies. &#8220;We need a holistic approach that addresses both short-term challenges and establishes a foundation for long-term stability,&#8221; he states.

Naira Value Plunges on Street Amid ‘Stampede’ for Dollars

FX Pressure Persists As Nigerian Naira Hits ₦1,145 Per Dollar On Parallel Market

Mbongeni Buthelezi&#8217;s fascination with turning discarded materials into meaningful art is evident, and his creative sanctuary is a testament to his unwavering dedication.



It is the middle of July in South Africa and everyone is dressed head to toe in full winter gear, including Mbongeni Buthelezi as he opens the entrance to his studio for me.



The immediate assumption one makes at this point is “oh no, it&#8217;s going to an ice cold studio”. However, as you walk in, you are greeted with a large warehouse space with expansive windows allowing a good amount of sunlight into the building. These allow Buthelezi to see his work accurately and also provide the space with a welcoming source of heat. The heat guns that Buthelezi and his assistant have going to apply the plastic to the canvas of his latest piece also provide an element of warmth as they had clearly been doing this for the previous few hours.



The studio itself is a haven of transformation. As one enters, the artistic journey that Buthelezi has embarked upon becomes palpable. The creations within are diverse and captivating, ranging from pieces that could be mistaken for oil or watercolor paintings to sculptures that stretch over seven feet in height, even extending to custom-designed dining tables. Buthelezi&#8217;s fascination with turning discarded materials into meaningful art is evident, and his creative sanctuary is a testament to his unwavering dedication.



When asked about his journey as an artist, Buthelezi&#8217;s response is: &#8220;This is my whole life. For me, it all really began in 1985 when I first stepped into an art class. By 1992, I had transitioned from part-time exploration to full-time immersion into this art thing.”


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="682" src="https://cms.forbesafrica.com/wp-content/uploads/2023/11/WhatsApp-Image-2023-08-22-at-10.19.10-1024x682.jpg" alt="" class="wp-image-60304" style="width:588px;height:auto" srcset="https://cms.forbesafrica.com/wp-content/uploads/2023/11/WhatsApp-Image-2023-08-22-at-10.19.10-1024x682.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2023/11/WhatsApp-Image-2023-08-22-at-10.19.10-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2023/11/WhatsApp-Image-2023-08-22-at-10.19.10-768x512.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2023/11/WhatsApp-Image-2023-08-22-at-10.19.10.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>


The years that followed were filled with growth, marked by the completion of an art teaching course and exploration of teaching art. As his commitment to his craft deepened, he navigated the realms of both artistic creation and education. However, due a few stubborn students he encountered along the way, the decision to take his art career into the realm of an independent artist was made all that much easier. He reflects: &#8220;Animals are dying, fish in the ocean are dying – because of this material and because of us as human beings. It is us that need to take responsibility.&#8221;



Buthelezi&#8217;s early years at art school as an artist are interwoven with the exploration of varied techniques. His journey as a student introduced him to a rich array of artistic methods, each of which contributed to the evolution of his craft. The culmination of these experiences granted him a versatile toolkit that enriched his artistic expression. A pivotal moment was a call for innovation, a desire to create something uniquely his own. The scarcity of resources, combined with financial constraints, propelled him to seek alternative media. Fueled by an ambition to break free from conventional artistic pathways, Buthelezi embarked on experimentation.



Buthelezi says: “There was a time that I once thought I need a change, I need to do something that would be unique and what was that going to be? At the beginning I had no money to buy paint, I didn’t really have enough money to make ends meet, to be honest. So I began to seriously look around and see what I could possibly do to be able to proceed with whatever it was that I wanted to achieve.”



By the 1990s, Buthelezi had cemented his status as a professional artist, channeling his craft to advocate for a healthier planet. His artworks, born from recycled plastics, encapsulate the essence of growing up in South African townships. Over the course of his career, he has harnessed art as a potent tool for education, sparking dialogues about the global menace of plastic pollution. He boldly asserts that the contemporary world offers abundant resources for art creation without necessitating additional manufacturing.



“Honestly my work has been displayed in exhibitions, festivals, workshops which have taken me to all kinds of places. Germany and Australia were two of my favorites. Vermont in Canada was amazing but very cold!” These exhibitions showcased the universality of his message. His art functions as a mirror reflecting societal realities, prompting discussions on pressing issues. “Last year I engaged in a discussion on plastic innovation at the South African National Science and Technology Forum. Later in the year, I was set to participate in an art and environment festival in Abu Dhabi.”


<div class="wp-block-image">
<figure class="alignleft size-large is-resized"><img loading="lazy" decoding="async" width="682" height="1024" src="https://cms.forbesafrica.com/wp-content/uploads/2023/11/WhatsApp-Image-2023-08-22-at-10.16.14-682x1024.jpg" alt="" class="wp-image-60305" style="width:379px;height:auto" srcset="https://cms.forbesafrica.com/wp-content/uploads/2023/11/WhatsApp-Image-2023-08-22-at-10.16.14-682x1024.jpg 682w, https://cms.forbesafrica.com/wp-content/uploads/2023/11/WhatsApp-Image-2023-08-22-at-10.16.14-200x300.jpg 200w, https://cms.forbesafrica.com/wp-content/uploads/2023/11/WhatsApp-Image-2023-08-22-at-10.16.14-768x1152.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2023/11/WhatsApp-Image-2023-08-22-at-10.16.14.jpg 853w" sizes="(max-width: 682px) 100vw, 682px" /></figure></div>


Amidst the acclaim, Buthelezi has encountered sceptics questioning the sustainability of his



technique due to the eventual depletion of plastic resources. “However, I welcome this outcome as it really does align with my work&#8217;s purpose which is highlighting the true urgency of plastic pollution in the world.”



In his ongoing journey, Buthelezi not only creates art but also fosters conversations and inspires change, which in his opinion is the purpose of art. As he prepares for engagements and exhibitions, his commitment to being an artist mirrors society and stands as a testament to the transformative power of creativity. The fusion of innovation, environmental consciousness, and advocacy underscores the significance of his work in addressing global challenges. He combines artistic expression with environmental advocacy, using recycled plastics.



His art sparks dialogues on plastic pollution globally. His work is a testament to the transformative power of creativity, addressing global challenges through innovation and advocacy. A truly visionary man being the change in the world that he wants to see. Maybe we could all take a little something from that.

Mbongeni Buthelezi uses plastic for his art

Plastic To Paint: The South African Combining Artistic Expression With Environmental Advocacy

The achievement has garnered acclaim from industry insiders, including entertainers, who praise this triumph as a testament to the international success and growing influence of Afrobeats.



At the 2023 Billboard Music Awards held on Sunday, Nigerian sensation Rema and global pop icon Selena Gomez secured the Top Afrobeats Song award for Calm Down, while another Nigerian talent Burna Boy emerged as the Top Afrobeats Artist.



Calm Down soared to the number 3 position on the Billboard Hot 100, marking Rema&#8217;s debut on the chart and adding to Gomez&#8217;s tally of top 10 hits.



Spurred by the release of his seventh studio album, I Told Them, Burna Boy set a new record in September by becoming the first African artist to debut two songs on the US Billboard Hot 100 chart within a single calendar year, with Sittin’ On Top Of The World featuring rapper 21 Savage making its debut at number 80 on the Billboard Hot 100 chart. Last Last, one of his chart-topping singles, catapulted Burna Boy to his first number 1 position on the Billboard US Afrobeats Songs chart, making him a trailblazer as only the fifth artist to lead the list last year.


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="683" src="https://cms.forbesafrica.com/wp-content/uploads/2023/10/GettyImages-1677330587-1024x683.jpg" alt="" class="wp-image-59844" style="width:688px;height:auto" srcset="https://cms.forbesafrica.com/wp-content/uploads/2023/10/GettyImages-1677330587-1024x683.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2023/10/GettyImages-1677330587-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2023/10/GettyImages-1677330587-768x512.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2023/10/GettyImages-1677330587-1536x1024.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2023/10/GettyImages-1677330587-2048x1365.jpg 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">NEWARK, NEW JERSEY &#8211; SEPTEMBER 12: Rema attends the 2023 MTV Video Music Awards at the Prudential Center on September 12, 2023 in Newark, New Jersey. (Photo by Dimitrios Kambouris/Getty Images)</figcaption></figure></div>


The Billboard Music Awards introduced new categories this year, including Top Afrobeats Artist and Top Afrobeats Song, recognizing the genre&#8217;s growing influence in the global music landscape. Afrobeats, a contemporary genre, blends traditional African rhythms with modern styles like highlife, hip hop, and dancehall. The genre&#8217;s evolution traces back to Afrobeat, pioneered by the late Nigerian legend Fela Kuti.



The global embrace of Afrobeats is evident in the expansion of awards categories at major ceremonies. The MTV Video Music Awards (VMA), the Grammys, and the American Music Awards have all introduced categories recognizing outstanding achievements in Afrobeats.



Rema&#8217;s success with Calm Down extends beyond the Billboard Music Awards. The track previously earned accolades at the MTV Video Music Awards (VMA) for Best Afrobeats Song, MTV Europe Music Awards (EMA) for Best Afrobeats, and Trace Awards for Song of the Year and Best Global African Artist in the same year.



During the acceptance speeches at the Billboard Music Awards, Gomez expressed gratitude to Rema for choosing her to be part of the remarkable song, while Rema celebrated the victory as a symbol of unity and the global dominance of Afrobeats. Both artists acknowledged their fans and collaborators for their unwavering support.



Accepting the Billboard award, Gomez said, “Thank you guys so, so much for this award. This is honestly Rema’s doing. He chose me to be a part of such an incredible song. So I want to thank him and thank all of you for streaming and listening and I wish we could be there. But thank you!”



“This honor for Calm Down is a celebration of unity and the global domination of Afrobeats. I want to say a big shoutout to Selena Gomez, Mavin Records, Josie Ward as well as the amazing fans who supported us all the way to this point. I want to say a big thank you to Billboard — I’m very grateful. All the way from Nigeria, Rema. One love,” said Rema.



Burna Boy, accepting the top Afrobeats artist award, said: &#8220;Thank you, everyone. I appreciate you. Big up, Billboard Music Awards. Big up to everyone involved. This is dedicated to Africa and every artist coming out of Africa now, you get me. This is for you and yeah, man, the future’s bright. You guys are gonna see the vision. This is just the tip of the iceberg but you’re gonna see the whole vision soon. Salute, love.&#8221;



Expressing elation at the triumph of Burna Boy and Rema, Nigerian artist Onyebuchi Steven, popularly known as Gorimakpa, acknowledges the significance of this achievement in solidifying Nigeria&#8217;s dominance in the global music arena.



&#8220;As Afrobeats continues to assert its influence on the global music scene, the success of Burna Boy and Rema at the Billboard Music Awards serves as a milestone, reinforcing Nigeria&#8217;s position as a powerhouse in the world of music,&#8221; Gorimakpa tells FORBES AFRICA.



The artist highlights the role of the internet in this triumph, emphasizing the impact of social media and digital streaming platforms in propelling Nigerian music to international acclaim. &#8220;The success of Burna Boy and Rema serves as a testament to the global appeal of Afrobeats, encouraging artists to leverage digital platforms and connect with a diverse audience worldwide.&#8221;



He further expresses optimism about the impact this recognition will have on the future of Nigerian music. &#8220;I believe that this achievement will further inspire and motivate the next generation of Nigerian artists to continue pushing boundaries and make their mark on the international stage.&#8221;



Nigerian event host and compere Sadiq Ola Adebimpe, popularly known as Sceed Barms, adds to FORBES AFRICA: &#8220;It&#8217;s evident that the world is listening, and the numbers songs by our artists attract on the digital streaming platforms are not only from this part of the world [Nigeria]. Burna Boy and Rema have become the most-streamed artists in Nigeria on Spotify this year, and winning these awards is a great reward for their tireless efforts in advancing Afrobeats.



&#8220;What this means for the Nigerian music industry is that our artists are truly making us proud, both at home and beyond. The continuous growth of Afrobeats is a testament to the dedication of our artists, who serve as the forefront soldiers, tirelessly contributing to the industry and the genre.&#8221;

Burna Boy Performs At Rogers Arena

‘Reinforcing Nigeria’s Position As Music Powerhouse’: Rema And Burna Boy Win Big At Billboard Awards

Exploring the rich history of the Luangwa Valley in Zambia and the role of chieftaincy in the political and social fabric of the country.



Driving past a sign that said ‘Chief Kakumbi’s Own Palace’ every day for over a week inside the game management area of one of the premier wildlife conservation areas in Zambia, the South Luangwa National Park, made me curious about its presence.



A bit of investigation opened me up to a deeper understanding of Zambian chieftaincy and its role in the political and social fabric of the country. At the lodge where I was staying, everyone hailed from the Kunda tribe for whom Chief Kakumbi was the paramount chief. Yet the locals spoke a dialect of Bantu found among the Bisi ethnic group of the Congo.



I immediately set about questioning senior members of the local Mfuwe village about their migration from the Congo into the Luangwa Valley (part of Northern Rhodesia prior to the 1960s) only to receive anecdotal stories of a migration in the 18th century. While the Kunda were a large majority of the people living in the districts surrounding the park, two other tribes, the Chikunda and Ngoni, were also present as minorities. When they spoke, I could hear a significant di-ference in their dialects, so I set about researching the history of these three tribes who were not endemic to the area.



I soon determined that it was enslavement and internecine warfare that caused large migrations into the Luangwa Valley. The valley had been unpopulated due to its inability to support livestock with a high density of carnivores and because of the sleeping sickness disease. The Luangwa River flows into the Zambezi River where a plethora of land, gold, ivory, and enslaved people, among other things, incentivized the Portuguese crown to colonize the surrounding areas at that time, including what is now Mozambique and parts of Malawi. In the absence of a colonial army, Portuguese landlords hired individuals who voluntary sold themselves for economic survival and collectively they became the Chikunda.



These armies could be over 20,000-strong which helped the Portuguese subjugate local villages.



Utilizing the Chikunda warriors, the Portuguese raided nearby villages for the enslaved individuals and ivory to sell to Swahili and Arab traders from Zanzibar.



The Kunda moved to the Luangwa Valley in the early 18th century after local tribal warfare among the Bisi people of the Luba 



Kingdom of the Congo. The Kunda settled in a harsh area without the ability to raise livestock in the Luangwa Valley. Their peace was short-lived as they too were enslaved. This led the Kunda to disperse all over the Luangwa Valley for safety. As the Portuguese colonies crumbled in the 20th century, the Chikunda formed alliances with the Kunda and settled in the valley.



The militarization of the region of today’s KwaZulu-Natal in South Africa by Shaka Zulu, whose quest to consolidate his empire in the late 19th century, forced Ngoni residents of



Swaziland to flee north into the Luangwa Valley, thereby putting pressure on the already-settled Kunda and Chikunda. The Ngoni were fierce warriors and soon started raiding both Chikunda and Kunda villages for enslaved people, which was the main economic driver at the time. The Kunda, who were primarily pastoralists, appointed the Chikunda as mercenaries to protect them.



With the arrival of the British and the formation of Northern Rhodesia and the Nyasaland colony, the war with Ngoni people was won by the British, and tribal peace declared in Northern Rhodesia.



With independence obtained from the British in 1964, the new country of Zambia was born, made from parcels of Northern Rhodesia and Nyasaland, the former name for colonial Malawi.



Today, the constitution of Zambia provides substantial powers to the tribal chiefs, numbering over 241, in the matters of land utilization and local law. Thus, Chief Kakumbi of the Kunda and Chief Jumbe of the Ngoni people who own vast tracts of land along the South Luangwa National Park these days assist in game management, sustainable development and in the mediation of disputes and conflicts among the residents.



My attempt to meet Chief Kakumbi one Saturday – the day he meets with his people in the palace – narrowly failed since he had to attend a parliamentary meeting in Lusaka, Zambia’s capital. My purchase of a chicken, a traditional gift taken by new visitors, did not make it to his kitchen. A casual sign by the roadside revealed so much of the rich history of the Zambezi valley, where the great explorer David Livingstone began missions and later exposed and campaigned against enslavement, and the darkest chapter of humanity.

1-RAM_1742

Chief Specialties: The Rich History Of Zambia’s Luangwa Valley

Artificial intelligence (AI) is transforming companies and economies worldwide, including in Africa. Data is an essential component in the training of AI systems. Unfortunately, the lack of accurate, high-quality data is a significant impediment in Africa. Synthetic data, or data generated by a computer, may be used to train AI models. While synthetic data offers tremendous opportunities for African innovation and development, it poses significant risks that must be carefully assessed.



Gathering real-world data in many African regions is difficult, expensive, and time-consuming.



These obstacles are brought about by various factors, including social, cultural, technological, and infrastructural deficiencies. Understanding and managing varied cultural traditions and languages may be challenging, especially when gathering data from multiple locations and people. As a result, synthetic data provides a solution by enabling researchers and businesses to create massive databases tailored to their specific needs. 



Data poverty is a lack of access to high-quality data and the ability to use such data appropriately. It’s a significant issue that hinders economic progress, decision-making, and innovation and worsens poverty. The data availability and consumption discrepancy between Africa and the rest of the world reflects more profound disparities and has significant repercussions. 



As a result, critical innovations in health, education, and transportation operate better for the rest of the globe than for Africa. For example, due to Africa’s relative data scarcity, AI systems in Africa have fewer data sets to learn from than the rest of the globe.



Synthetic data is presented as a strategy to supplement this data scarcity. The generative adversarial networks (GANs) AI method is often used to create synthetic data. GANs consist of two neural networks (akin to an artificial brain), the generator and the discriminator. The generator produces new data, while the discriminator discriminates between real and fake data. 



After they are trained adversarially (i.e. generator producing synthetic data while the discriminator differentiating fake from real data), the generator and discriminator become as good as possible at their respective tasks. One benefit of using synthetic data is that personal or sensitive information is frequently eliminated, minimizing the risk of privacy violations. This is particularly important in businesses where data privacy is vital, such as healthcare. Furthermore, by making data more available, synthetic data may lower the barriers to entry for firms and inventors.



However, synthetic data has significant drawbacks. One of them is that the models used to generate synthetic data significantly influence its quality. It reflects limitations in data (such as bias and small size), resulting in compromised and less accurate AI models and potentially perpetuating inequality, injustice and poverty. This is not the intended consequence, so there is a need to develop ethical guidelines for using synthetic data. These should first guarantee that synthetic data is anonymized for privacy protection and does not include identifiable information that may be connected back to persons.



Second, synthetic data must adhere to data protection norms and regulations governing personal information use. Third, synthetic data should accurately replicate the underlying real-world data without inserting biases or distortions. One way to achieve this is to increase data size used to generate synthetic data. Fourth, synthetic data and the processes used to create it should be disclosed. 



Fifth, explicit procedures for generating, managing, and using synthetic data should be developed and publicized. Sixth, detect and prevent misuse, as well as monitor and audit the use of synthetic data regularly. Seventh, acquire informed consent from individuals whose data were utilized to produce synthetic data, if applicable. Eighth, clarify how synthetic data will be utilized and what privacy controls will be in place. Ninth, prevent biases in synthetic data from reinforcing stereotypes or discrimination.



Tenth, keep cultural norms and values in mind while developing and exploiting synthetic data, especially when it represents different populations. Eleventh, since GANs are used to generate synthetic data and are computationally costly, consider the environmental effect of data collection, storage, and production and seek to offset any negative impacts. Twelfth, establish specific processes for exchanging synthetic data with other institutions or researchers while meeting ethical standards. 



Thirteenth, collaborate with relevant stakeholders, such as ethics committees or review boards, to ensure that synthetic data activities are handled ethically. Synthetic data has the potential to be a game-changer in Africa’s AI journey, managing data scarcity, increasing privacy, and encouraging innovation. As Africa embraces AI and synthetic data, a balanced approach is essential. Policymakers, companies, and academics must work together to guarantee that synthetic data is used correctly and ethically.

AI (Artificial Intelligence) concept. Electronic circuit. Communication network.

Synthetic Data As A Double-Edged Sword In Africa’s AI Revolution

Young African football stars are embracing the opportunity presented by Major League Soccer in North America as a stepping stone to the best clubs in Europe. FORBES AFRICA was in St Louis in Missouri in the United States for these exclusive interviews, and the numbers are big.



The recent arrival of Lionel Messi has distorted the image somewhat but the reality of Major League Soccer (MLS) in North America is it’s a league of rapidly growing potential, with increasingly promising talent and a stepping stone to the top leagues of Europe.



Football is finding increasing traction in a market where it used to be considered a minor sport and the MLS is changing its image from a league that was seen as the parking lot for fading superstars coming to the end of their careers and looking for a final pay day, to one where the dreams of young players can be realized.



As a result, many young Africans are embracing the opportunity.



“To be honest, I had doubts in my mind because I thought the style of football was not anything like we do back home,” Njabulo Blom, the 23-year-old South African international midfielder who was sold by Kaizer Chiefs to St Louis City at the start of the season, tells FORBES AFRICA.



“I know that the MLS is not rated among the best leagues in the world but the standard of football is very good. It’s not what people think outside,” Blom adds from St Louis, the Midwestern city in the United States (US) where the local club have just joined the MLS and are making waves.



The numbers back him up. As per Forbes, the values of MLS franchises have jumped, since 2019, by 85% on average, with defending champions Los Angeles FC now valued at around $1 billion, breaking into the top 20 in the world. Another example is the value of Seattle Sounders has increased from $405 million to $850 million in just four years, with the team recently becoming the first American side to participate at the Club World Cup.



Revenues have reportedly grown continuously, by 16.6% on average per year between 2007 and 2018 but the spectacular progress is reflected in the price of what new franchises are paying to join the league.



The 10 original clubs invested $10 million each when the league kicked off in 1996 but Portland and Vancouver paid $35 million in 2011. For Charlotte FC, who arrived in 2022, the bill amounted to $325 million.



Average attendances are around 22,000 spectators, a figure similar to France. The record for a single game is the 82,110 that turned out in July at the Rose Bowl in Pasadena to watch the Los Angeles derby, dubbed ‘El Trafico’.



This year’s expansion side St Louis City are setting new standards with their sell-out stadium, a brand-new venue and a state-of-the-art training facility next door.



They are coached by Johannesburg- born Bradley Carnell, who played for South Africa at the 2002 World Cup and had a successful career in the German Bundesliga after starting out as a 16-year- old professional at the University of the Witwatersrand in South Africa.



He later earned his coaching stripes as an assistant at Free State Stars and Orlando Pirates.



“They said the expansion job is one of the most difficult in any American sport, so good luck. I was like, ‘Ok’,” Carnell says.



“Then I met the ownership group and spoke to them about vision, passion and what we stand for. There was just too many similarities and synergy there for I think either party. Looking in hindsight, everything just panned out,” he adds.



St Louis are the first new team in MLS history to win their opening five matches and are well-placed for the end of season playoffs.



But Carnell, in a long interview with FORBES AFRICA, insists on patience.



“Short-term, it’s about getting infrastructure, academy, style of play— check those boxes. Mid-term, be competitive — we’re checking that box as well. Now, long-term, can we be really successful? The goal is to be compared, one day, to those great teams in the league already.”



In his playing days, Carnell had a chance to move overseas after being spotted as a teenager when he was competing for South Africa at the under-20 level at a tournament in France.



He thinks MLS offers the same chance to African players, especially those in South Africa’s Premier Soccer League, which MLS clubs are now showing much more interest in. “We just have to lead by example,” he says of the growing South African numbers in the league.



“If we can now, you know, just be key ambassadors for our product back home, and to put other guys on the map because now there is slowly more chatter; there’s a couple of players that are on the radar.”



Last year Minnesota United bought Bongokuhle Hlongwane from Maritzburg United and in recent months the teenager Olwethu Makhanya has moved to Philadelphia Union, while the exciting Mamelodi Sundowns striker Cassius Mailula is now at Toronto FC. 



The attraction of these players is their age. MLS rules allow clubs to take on more foreign players, as long as they are aged under-23, and it is here where Africans are in demand. Other top signings in recent months include Richard Odada (Kenya) and Prince Owusu, a German of



Ghanaian descent, and all can expect to be in contention to move onto a club in Europe in a few years, if they perform.



All can be assured they are on a stage that offers a chance to move on to bigger and better vistas in Europe.



According to the league, in 2022, MLS paid $175 million in transfer/acquisition fees, and for the fourth consecutive year it set a new high for fees paid, double the amount of five years ago. Revenue generated for outgoing players in 2022 was around $100 million. This does not include sell- on fees for the likes of Leeds United’s Brenden Aaronson or Crystal Palace’s Chris Richards.



The figures for 2023 will be higher, especially the sales of players to clubs in Europe.



Blom’s advice to compatriots offered the chance to play in the MLS is: “Come play, because it’s really a great stepping stone to grow. It’s like an introduction to a high level of football.”



Mailula, for one, heeded the advice even though he had become a regular with Mamelodi Sundowns and could have a comfortable time at home, where he had become an almost overnight star after just one season with the Pretoria club. “It was not an easy decision to take, but I feel like I need to get out of my comfort zone, to explore, to get closer to Europe,” he explains. “This is the right decision for my career, for my family also.”



With each excellent performance, of which there have been many this season, the South African players shine a further spotlight on the domestic league and will have more scouts looking at Africa as a fertile ground for young talent.



Hlongwane hit the headlines with his rush of goals in the Leagues Cup for Minnesota, appearing alongside Messi when they were joint top scorers in the competition.



How many South African players in the past have had such a platform? Very few, and certainly none in the last two decades.



The US has a reputation as a land of opportunity, with rags-to-riches tales possible. Football is the new platform for that and with the South African players earning upwards of R500,000 ($26,150) a month at their young age, they are living that dream.

Author: Forbes Africa

FORBES AFRICA SOCIAL MEDIA