Are African Youth Spending On African Creatives? A New Report Says No
YellowCard has 1 million users and mPharma becomes major shareholder of a large pharmacy chain in Nigeria
What’s happened this Week:
YellowCard reaches 1 million users
NubianVR debuts “Storybook” feature
mPharma becomes majority holder of pharmacy chain in Nigeria
and more!
In a new report by Africa No Filter, they found out that African Youth aren’t big purchasers of African art. The report interviewed 4500 people aged 18 and 35 to find out what they think about the role of arts and culture in their society. The research was done in Egypt, Morocco, Ghana, Ivory Coast, Nigeria, Kenya, Uganda, South Africa, and Zimbabwe.
Highlights of the report included:
39% of respondents believed there were too many barriers to success in the arts,
78% spent nothing or “very little” on arts and cultural pastimes.
48% believed a traditional career in sport was more lucrative than a career in the creative indust
Kind of bleak…
But 72% of the respondents in surveyed countries felt their respective governments and society encouraged creativity.
Looks like more work needs to be done in the arts industry in Africa especially on the business side
In The News This Week
Yellow Card Reaches 1 Million Customer Milestone Across 16 African Countries
Yellow Card Financial, a growing cryptocurrency company on the continent, celebrated exceeding 1 million customers in only three years.
Cohort of African Women Graduate from Binance’s First Blockchain Bootcamp
In honour of International Literacy Day, Binance, the world’s leading blockchain ecosystem, and cryptocurrency infrastructure provider, is celebrating the graduation of the first cohort of the Blockchain for Women Bootcamp which took place on August 27, 2022
NubianVR Introduces “Storybooks”, African Storybooks for the Digital Age
NubianVR, a VR startup from Ghana, has introduced “Storybooks“, a mobile & web app with a collection of storybooks designed for kids between the ages of 2 & 8. Its interactive storybook format comprises graphics, sound, and animations to stimulate reading and learning.
Big Cabal Media To Unveil Commerce In Africa Outlook Report at 2022 Future of Commerce
Pan-African media company, Big Cabal Media, will unveil its first ‘Commerce in Africa’ outlook report at the Future of Commerce 2022 conference in September. The report, which explores how technology affects buying and selling in Africa, the most important players in the sector, and what big transformations are happening, will form part of the conversations at this year’s conference
The Social & Inclusive Business Camp launches its 2022 edition; Adds 43 Startups From Africa
On August 30th, the SIBC officially launched its 6th edition, welcoming the 43 entrepreneurs selected for the 2022 cohort.
mPharma Acquires Majority Stake In Pharmacy Chain HealthPlus In Nigeria
mPharma, Africa’s leading patient-centered technology-driven healthcare company, has acquired the majority stake in HealthPlus, the leading pharmacy chain in Nigeria.
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