Tag Archives: Nigeria

01Dec/22

FTX collapse crushes crypto dreams in Africa and beyond

  • FTX’s bankruptcy hurts small investors across the world
  • Young African crypto backers fret about damage to sector
  • Regulators repeat warnings about risks of crypto dealing

LAGOS/BANGKOK – Days before his FTX cryptocurrency exchange collapsed, co-founder Sam Bankman-Fried tweeted “Hello, West Africa!” – his latest nod to a region where a growing number of kitchen table investors had put their faith, and savings, in FTX.
Continue reading

25Oct/22

Stagwell’s (STGW) National Research Group Launches Annual ‘Capstone Series,’ First-of-its-Kind Exploration into the Culture, Content and Technology Driving Emerging Markets

National Research Group (NRG), a global insights leader at the intersection of technology, content and culture, launched its “Capstone Series,” a first-of-its-kind exploration into the culture, content and technology driving leading-edge global growth markets. NRG is part of Stagwell (NASDAQ: STGW), the challenger network built to transform marketing. In partnership with SBI Media, a Lagos, Nigeria-based media agency and part of Stagwell’s Global Affiliate Network, NRG kicked off the series with “Exploring Nigeria,” a future-leaning view into the technology, culture and entertainment trends shaping the Nigerian landscape. Continue reading

26Sep/22

South African teens skip school to chase risky crypto dreams

  • Young South Africans see crypto as way to quick wealth
  • Poverty, high unemployment pushes them to crypto
  • Users not fully aware of risks, vulnerable to scams

By Kimberly Mutandiro

JOHANNESBURG, Sept 26 (Thomson Reuters Foundation) – John first heard of cryptocurrency three years ago, when the teenager came across slick YouTube videos and Facebook posts of other South Africans claiming to have become wealthy overnight with bitcoin.
Continue reading

05Aug/22

Beyoncé has helped usher in a renaissance for African artists

James Chikomborero Paradza, University of Pretoria

Beyoncé has released her seventh solo studio album, titled Renaissance (2022). The album, an event in global popular culture, is the first of a three-part project by the US artist. Her previous outing, the visual album Black is King (2020), collaborated with a host of African artists. Renaissance pays tribute to black dance music and again features African artists, including Nigerian singer-songwriter Tems, who is having a global moment of her own.

Continue reading

19Jul/22

Africans turn to crypto as charity funding dwindles

  • Fundraising via crypto, NFTs grows amid funding downturn
  • Advocates say crypto donations faster, easier to access
  • Challenges include internet, power access and gender gap

By Kagondu Njagi

NAIROBI, July 19 (Thomson Reuters Foundation) – A sculpture of a giant tap spewing plastic waste greeted delegates at U.N. environment talks in Kenya earlier this year – a reminder of the urgent need for them to agree a global pact to curb plastic pollution.

Continue reading