This is part of Davido&#8217;s broader strategy to leverage his brand partnerships for social good, while also continuing to expand his business and musical ventures.



Nigerian music superstar and Grammy-nominated artist Davido is planning to empower youth in his country with the provision of vehicles for a new ride-hailing service.



Davido&#8217;s recent partnership with CIG Motors, promoters of GAC Motors in Africa, will see him providing cars to licensed drivers.



&#8220;I own GAC cars. I bought the utility vehicles in the past. I already know there&#8217;s a brand that&#8217;s durable and strong. We&#8217;re planning to do a Davido-Uber kind of thing. Give the cars out to the young people that don&#8217;t have jobs. Obviously, they&#8217;re licensed drivers. They&#8217;re responsible. They can get jobs. They can get paid,&#8221; he explains to FORBES AFRICA and CNBC Africa.



The vehicles, branded with Davido&#8217;s signature style, are expected to be ready in a month or two.



Davido&#8217;s foray into business does not overshadow his musical career.



&#8220;Shout-out to my brother Chris [Brown], we have a lot of songs together now. Joint album maybe next year sometime. I&#8217;m going to drop songs anytime this year. Maybe after that one then,&#8221; he hints.



His fourth studio album, Timeless, became the most streamed African album worldwide in 2023. In April, he made history with a performance at Madison Square Garden, one of the few African artists to achieve such a feat.



Continuing his streak of success, Davido recently released the music video for Kante featuring rising Nigerian artist Fave.

Davido Performs At Accor Arena

Nigerian Musician Davido To Empower Youth With Ride-Hailing Initiative And Hints At Joint Album With American Singer Chris Brown

Nigerian chess prodigy Tunde Onakoya is on a mission to break the Guinness World Record for the longest chess marathon while raising funds to support education for underprivileged youth.



Tunde Onakoya, the convener of Chess in Slums Africa, a non-profit organization based in Lagos, aims to surpass the previous 56-hour record with a 58-hour run in the bid to &#8220;raise a million dollars and bring the gift of chess to children across the world&#8221;.



&#8220;Our program aims to address challenges stemming from limited access to quality education and resources by focusing on skills that are academically enriching, practical, and relevant to their daily lives,” Onakoya told FORBES AFRICA in an exclusive interview recently.



Onakoya&#8217;s endeavor has garnered attention, donation, and support from various quarters.



After headlining at Madison Square Garden, Nigerian Afrobeats sensation Davido made a surprise visit to Onakoya&#8217;s chess marathon in the open air of Times Square, a major commercial intersection, tourist destination, entertainment hub, and neighborhood in Midtown Manhattan, New York City, United States.



Onakoya took to X (formerly Twitter) to express his gratitude, stating, &#8220;30 billion for the children as @davido places his chain around my neck. Thank you very much for stopping by after your successful outing at @TheGarden.&#8221;



He has also received support from other notable personalities, including Nigerian Afrobeats artist Adekunle Gold, who also visited the marathon earlier.



Onakoya received messages of goodwill from the federal government of Nigeria, state governors, and the US Mission in Nigeria.



The attempt, which officially commenced 11.30AM (EST) on April 17 is expected to end around 10PM (EST) today.

Davido at the marathon with Tunde Onakoya; Image credit @Tunde_OD

After Headlining At Madison Square Garden, Davido’s Stopover To Cheer Nigerian Champion Attempting To Break Chess Marathon Record In NYC

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SOUND STRATEGIES: The Innovators Going Global With African Music

With his recent album, Timeless, making waves, Nigerian Afrobeats star Davido’s much-anticipated performance at the Forbes Under 30 Summit Africa in Botswana did not disappoint. The internationally-acclaimed singer, songwriter and producer also sat down with FORBES AFRICA to talk music and life.



<blockquote class="wp-block-quote has-text-align-center is-layout-flow wp-block-quote-is-layout-flow">
“To see Africans relate with other business pioneers is just great. There has been a lot of recognition of Africans.”
</blockquote>



The last time he stepped on a stage in Botswana, his album A Good Time was at the top of the charts with over one billion streams across various digital platforms.



Returning to Gaborone in Botswana’s capital from April 23-26 with his first new album in over three years, David Adeleke, popularly known as Davido, walked off the stage, smiling gratefully as the crowd continued to sing the hit song Unavailable from his new album Timeless – which incidentally also features 2022 FORBES AFRICA 30 Under 30 list-maker Musa Keys (Musa Makamu).



“I&#8217;m unavailable (unavailable). Dem no dem see me (dem no dey see)…” the attendees at the Forbes Under 30 Africa Summit continue to chorus long after the award-winning artist has made his way to his VIP tent around 11PM on a beautiful Botswana night.



The superstar Nigerian Afrobeats singer attended the four-day summit in Gaborone this week, participating in an on-stage interview on day two of the event and signing off the ‘Bushfire Party’ on the final day with an electrifying performance.



“This is one of my first performances of the year,” Davido says to FORBES AFRICA backstage after leaving his fans wanting more at the Waterstone Events and Conferencing venue in Gaborone.



“It was really about me getting back to doing my job. The thing I love most about being an artist is being on tour. I love it. So the fact that I could not perform, I felt very [cloistered].”



This is in reference to the fact that for six months, Davido halted his performances and public appearances after the tragic loss of his son last year.



“God put a full stop to everything I was doing,” he said during his on-stage interview at the summit.



“I never thought I would be able to perform or sit here again. I never thought I would be the same… I had a lot of time to reflect and make changes.”



So the 2023 Forbes summit has been special.



“I mean the fans will always scream,” Davido laughs.



“It was fun to be on stage but being able to sit and listen to people’s visions and their businesses has really been amazing. To see Africans relate with other business pioneers is just great. There has been a lot of recognition of Africans,” he says of the summit sessions that brought together young entrepreneurs.



Davido was a surprise adjudicator for the ‘Pitch Battle’ which had aspiring entrepreneurs selling their ideas to some of the continent’s top venture capitalists in a small group setting on the grass at the Waterstone venue.



“I am just happy that [Forbes] have been recognizing young Africans,” Davido tells FORBES AFRICA. “To put young Africans and creatives together has been amazing to see.”



Although Davido is primarily an Afrobeats artist, for his ‘Bush Party’ performance, the singer/songwriter showed “love” for Amapiano artists like Lethabo Sebetso, professionally known as Focalistic, who made the FORBES AFRICA 30 Under 30 list this year.



Who is his favorite Amapiano artist, we ask.



“Oh no, that is a hard one,” Davido says. “Amapiano has so many great artists but if I had to choose just one, right now it would need to be Musa Keys [Musa Makamu]. But can I just say I have always loved music from South Africa like Mafizola and Askido.”



Collaborating with more South African or southern African artists, he admits he will be “dropping an EP in September”.



His recent new album, Timeless, which he calls “his miracle album”, debuted with 3.61 million streams, more than the previous record on Spotify for first-day streams (4.91 million).



“I would be lying to you if I told you I knew the business-end of music early on in my career,” he laughs. “But it is something I had to learn over time. I don’t think it is something that you already know when you get into the industry but I think it is something you really do need to take seriously, that is very important,” says the star on his early days in Africa’s burgeoning music industry.

Ilan Godfrey for Forbes-3899 (1)

‘Getting Back To Doing My Job’: Nigerian Superstar Davido Opens Up

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THE PLAYLIST: AFRICA’S TOP 20 MUSICIANS

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THE 100th ISSUE: 100 Innovations, Inventions & Icons From Africa

Nigeria leads the proliferation of Africa’s new sounds in the West.



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In an Africa fresh from economic liberalization, music found
a new voice, thanks to social media and platforms like YouTube, Spotify and
Apple Music, which streamed thousands of African songs into the homes of
millions in the diaspora. 



The western world, suddenly, was introduced to Africa’s new
sound, Afrobeats. Free from the shackles that had previously plagued the
Nigerian movie industry, known locally by the moniker, Nollywood, artists, now
empowered with this new distribution platform, could begin to experiment in
different languages, sounds and genres that had, until then, remained confined
to only regional pockets. 



The past few years, however, have seen a rapid evolution of
the Afrobeats scene across Africa and Nigeria is leading its explosion
globally. 



Events such as the One Africa Music Fest, an African musical
experience showcasing Africa’s best and brightest talents, have solidified
Africa’s position in the global entertainment industry. 



<div class="wp-block-image"><figure class="aligncenter"><img loading="lazy" decoding="async" width="1024" height="683" src="https://www.forbesafrica.com/wp-content/uploads/2019/03/GettyImages-1030097404-1024x683.jpg" alt="" class="wp-image-39819" srcset="https://cms.forbesafrica.com/wp-content/uploads/2019/03/GettyImages-1030097404-1024x683.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2019/03/GettyImages-1030097404-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2019/03/GettyImages-1030097404-600x400.jpg 600w, https://cms.forbesafrica.com/wp-content/uploads/2019/03/GettyImages-1030097404-768x512.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2019/03/GettyImages-1030097404.jpg 2048w" sizes="auto, (max-width: 1024px) 100vw, 1024px" /><figcaption>BROOKLYN, NY &#8211; SEPTEMBER 09: Yemi Alade performs on stage at 2018 Essence Street Style Festival on September 9, 2018 in Brooklyn City. (Photo by Dave Kotinsky/Getty Images for Essence)</figcaption></figure></div>



Afrobeats has not only captured a new western audience but
has also influenced the sounds of some of America’s biggest artists.



“Afrobeats is absolutely taking over. In 2016, Drake’s One
Dance, which featured Wizkid, was arguably one of the biggest sounds globally.
Then you had French Montana with Unforgettable, which was also huge and both
videos were shot in Africa. So, this thing is becoming a movement,” says
D-Black, a Ghanaian Afrobeats artist and founder of Black Avenue Muzik record
label.



It’s almost impossible to attend a party or wedding in
Africa and not be treated to one of Afrobeats’ ubiquitous chart-toppers. 



With hits from artists like Davido, Wizkid, Yemi Alade and
many more pounding out of speakers across the continent, the movement of
Afrobeats not only covers major cities in Nigeria, but also some far-flung
locales.



“You cannot really talk about Afrobeats without talking
about Lagos. The music scene is very fast-paced and colorful. Each local area
has its own unique sound. On the mainland, we have the heart music being pushed
by artists like Small Doctor. 



“We also have the live Afrobeats scene and then the Alte
scene, which is a different music on its own. People like to identify Alte
sound with the western crowd and mainly people who live on the island,” says
Paul Yusuf, DJ and founder of Music Revolution Nigeria.



<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">But that doesn’t mean that the artists are benefiting from the buzz. Similar to Nollywood, piracy remains rampant making it impossible for artists to sell their music. </blockquote>



“There are several ways of accessing music locally in
Nigeria, from the streets, where you have street vendors selling illegally
obtained music or in a well-known tech hub called computer village, where
consumers can download thousands of illegally obtained new music onto their
hard drive from as little as N2,000 ($5),” Yusuf says. 



“In Africa, the model is different. It is all about putting
out as much free music as you can without necessarily charging, then you become
a big artist once you have enough hit songs and then make your money back from
being booked on shows. When you think about it, some of the biggest stars in
the United States make most of their money from tours,” says D-Black.



Despite these challenges, the advent of Web 2.0 and
community marketing mean the Afrobeats scene has been digitalized, providing
savvy entrepreneurs like Don Jazzy, with a new revenue model.



“Back in the day, we didn’t care too much about online streaming platforms like YouTube, Apple Music and Spotify, but now it is a major focus for generating revenue. Nigeria still lags behind on online platforms but there are people in the diaspora who because of the growth and exposure of the Afrobeats music patronize us online by buying from these streaming platforms. 



<figure class="wp-block-image"><img loading="lazy" decoding="async" width="685" height="1024" src="https://www.forbesafrica.com/wp-content/uploads/2019/03/GettyImages-1026043782-685x1024.jpg" alt="" class="wp-image-39820" srcset="https://cms.forbesafrica.com/wp-content/uploads/2019/03/GettyImages-1026043782-685x1024.jpg 685w, https://cms.forbesafrica.com/wp-content/uploads/2019/03/GettyImages-1026043782-300x449.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2019/03/GettyImages-1026043782-600x898.jpg 600w, https://cms.forbesafrica.com/wp-content/uploads/2019/03/GettyImages-1026043782-201x300.jpg 201w, https://cms.forbesafrica.com/wp-content/uploads/2019/03/GettyImages-1026043782-768x1149.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2019/03/GettyImages-1026043782.jpg 1369w" sizes="auto, (max-width: 685px) 100vw, 685px" /><figcaption>PHILADELPHIA, PA &#8211; SEPTEMBER 01: Davido performs onstage during the 2018 Made In America Festival &#8211; Day 1 at Benjamin Franklin Parkway on September 1, 2018 in Philadelphia, Pennsylvania. (Photo by Lisa Lake/Getty Images for Roc Nation)</figcaption></figure>



“The numbers from Nigeria is not big because most people prefer to download from free sites and most of them use Android, boom play apps and others to get access to the music,” says Jazzy.



Born Michael Collins Ajereh, he is a record producer,
singer, songwriter and entrepreneur. He is also the founder of one of Nigeria’s
most successful record labels, Mavin Records, with a roster of stars including
Tiwa Savage and Korede Bello. 



He pioneered the proliferation of Afrobeats into countries
like the United Kingdom (UK) and the United States (US) when he created his
first record label, Mo’ Hits Records, with former partner, D’banj. The pair was
signed by US music mogul, Kanye West, to his GOOD Music imprint, at a time when
the industry was still in its infancy bringing global attention to the world of
Afrobeats.



“Everything changed with D’banj. Oliver Twist opened up the
labels to want to invest in Africa because that was the first single that was
pushed by a label properly. Kanye West signed D’banj and Don Jazzy and that was
big news. When Mo’ Hits came out with their sound, it was easy to get the
world’s attention on Afrobeats, coupled with improved production and quality
music videos,” says the London-based DJ Flex.



According to Jazzy, the digital revolution of the Afrobeats
sound has led to the proliferation of the music into the diaspora, leading to
different sub-categories like Afro-pop, Afro-dance and Afro-reggae. This has
also affected the revenue model of the business.



“When it comes to Afrobeats, we have to look at two main
revenue streams. The type of songs that impact the clubs and Nigeria locally;
and secondly, the type of sound that moves numbers online, thus digitally. So,
you have to be very conscious of the type of music you make at the moment. You
have to consider whether you are trying to do this song so that you will be
popping in Nigeria and thus offline or are you doing the song for
international.



“For example, Korede Bello has Godwin, which was a very big
song offline and translated into him going for more shows and getting club
plays and party plays. But a song does like that, if you go on YouTube, Spotify
and Apple, the numbers are ridiculously crazy because the diaspora market
preferred that kind of sound and they streamed it more. So, you definitely have
to be conscious about what you want to achieve,” says Jazzy.



<figure class="wp-block-image"><img loading="lazy" decoding="async" width="725" height="1024" src="https://www.forbesafrica.com/wp-content/uploads/2019/03/DonJazzy12571-725x1024.jpg" alt="" class="wp-image-39821" srcset="https://cms.forbesafrica.com/wp-content/uploads/2019/03/DonJazzy12571-725x1024.jpg 725w, https://cms.forbesafrica.com/wp-content/uploads/2019/03/DonJazzy12571-300x424.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2019/03/DonJazzy12571-600x847.jpg 600w, https://cms.forbesafrica.com/wp-content/uploads/2019/03/DonJazzy12571-212x300.jpg 212w, https://cms.forbesafrica.com/wp-content/uploads/2019/03/DonJazzy12571-768x1085.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2019/03/DonJazzy12571.jpg 1450w" sizes="auto, (max-width: 725px) 100vw, 725px" /><figcaption> Don Jazzy. Picture: Getty </figcaption></figure>



Social media has played a big role in this new trend by
making artists connect with audiences outside Nigeria. It has also influenced
the new sound of Afrobeats by giving Nigerian and African artists a window into
the world of pop culture in America by removing geographical barriers. 



“You no longer have to travel to the US to see what your
favorite artists are doing because they are all vying for attention on social
media platforms out of fear of dying out,”&nbsp;
D-Black says. 



With a population of 180 million in Nigeria, its music
industry is projected to grow, buoyed by the increase in smartphones and
platforms such as Instagram, Twitter and YouTube. According to the
International Federation of the Phonographic Industry,&nbsp; the global recorded music market grew by 8.1%
in 2017, reaching $17.3 billion that year on the strength of digital streaming
revenue. 



The big question is, with a largely unregulated industry,
how are these artists making their money?



“Money comes in when you have a good product and you make FX
from digital sales and when that artist starts growing and you go for shows,
then they get paid and you split the proceeds, depending on the sharing ratios
you have with the artist. 



“Different artists have different sharing ratios and that
depends on how long you have been with the artist and how badly perhaps you
want the artist. There are also endorsements from brands as well,” Jazzy says.



His Mavin Records label recently made news for securing an
undisclosed investment from Washington DC-based investment firm Kupanda
Capital, a firm with the goal of creating, capitalizing and scaling up
pan-African companies.&nbsp; 



“We are trying to build a long-term structured platform that
can connect African music on the continent and beyond for further global
consumption. We intend to use the investment for distribution of our own music,
product development and hire new staff to take the brand to the next level,”
Jazzy says.



The alleged multimillion-dollar investment by Kupanda into
the Nigerian record label presents yet another compelling case for the
Afrobeats genre, which presents revenue generating opportunities that are too
big to be ignored.



<figure class="wp-block-image"><img loading="lazy" decoding="async" width="1024" height="706" src="https://www.forbesafrica.com/wp-content/uploads/2019/03/GettyImages-831170890-1024x706.jpg" alt="" class="wp-image-39822" srcset="https://cms.forbesafrica.com/wp-content/uploads/2019/03/GettyImages-831170890-1024x706.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2019/03/GettyImages-831170890-300x207.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2019/03/GettyImages-831170890-600x413.jpg 600w, https://cms.forbesafrica.com/wp-content/uploads/2019/03/GettyImages-831170890-768x529.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2019/03/GettyImages-831170890.jpg 2048w" sizes="auto, (max-width: 1024px) 100vw, 1024px" /><figcaption>LOS ANGELES, CA &#8211; AUGUST 13: French Montana performs onstage during the Teen Choice Awards 2017 at Galen Center on August 13, 2017 in Los Angeles, California. (Photo by Kevin Winter/Getty Images)</figcaption></figure>

Tag: davido