- Why Nigeria’s doctors are increasingly leaving the country for more lucrative opportunities abroad? Dr Tola Amusan recalls the exact moment he decided to relocate his medical practice from Lagos, Nigeria, to New Jersey in the United States in 2010. “I had been struggling to make ends meet after…
- From Afro-psychedelic rock and roll to Afrobeats, hip-hop, R&B, and the genre-busting, these musicians exemplify the potential of the African continent to do it all. And with authenticity. They’ve made music their business, and are in the business of making people move – and be moved. FORBES…
- TOPLINE Cryptocurrency ATM firm Bitcoin Depot has agreed to merge with a special-purpose acquisition company (SPAC) which would take it public at an $885 million valuation, the company announced on Thursday, a listing that comes amid a major downturn in the cryptocurrency market and SPAC deals. KEY…
- TOPLINE Google and Yelp pledged this week to more clearly label whether medical centers that are listed in their search results offer abortions, after Google faced backlash from Democratic lawmakers who said the site was directing those seeking abortions to crisis pregnancy centers that discourage…
- Mobile transactions in Nigeria hit N9.2 trillion in seven months of 2022. In 2019, if you asked Victor Bello, an electronics trader in the bustling Computer Village of Lagos, Nigeria, if he would allow his customers to make non-cash transactions, he would have laughed and promptly shown you the…
- New research by NYU’s school of medicine found that psilocybin mushrooms could be a breakthrough therapy for fighting alcohol addiction. After finishing a glass of water following his first session of psilocybin therapy in November 2019, Bryan Johnson felt a switch go off inside himself and he knew…
- COVID-19 has accelerated digital transformation and fueled rapid growth in the digital marketing sector, with companies such as SocialAmp reaching new heights. SocialAmp has broken its profit record for the fifth year. The group has just reported 67% year-on-year growth with £1.5million profit and…
- TOPLINE Global crude oil prices surged past $100 per barrel on Wednesday for the first time in more than three weeks following a warning by Saudi Arabia that oil-producing nations may have to cut output to deal with the recent drop in prices, amid fears of a global recession. KEY FACTS The global…
- This unassuming entrepreneur from Benin has created an alternative to chemical fertilizers that most farmers use in Africa. He is the CEO of AGRECO Sarl and at 22, is looking to expand his company creating impact across West Africa. THE RISE IN FOOD PRICES AS a result of the war in Ukraine is…
- Another crypto lender is fending off forced liquidations, and more firms laid off hundreds of workers this week—marking the latest casualties of a bear market that continues to leave a path of destruction in the digital currency sector. Fears of global recession and the worst inflation in more than…
- Johannesburg – If you think about it, most large corporations grew their business by adapting to change systematically – tweaking their offering while maintaining their core business – thus optimising what they already had. But now, there is a lot more to consider as companies evolve. They must…
- TOPLINE Shares of videoconferencing service Zoom, one of 2020’s pandemic-era stock market darlings, have continued to struggle this year, plunging 15% on Tuesday after several Wall Street analysts downgraded the stock amid concerns that the company faces slowing revenue growth. KEY FACTS A day…
- There are many small ways to achieve sustainability for Tanzania’s smallholder farmers, as agripreneur Johanna Omere is proving in the green locales of Tanzania. BY INAARA GANGJI GROWING UP IN AUSTRIA, JOHANNA OMERE’S life revolved around making things from scratch. Her family carefully baked their…
- TOPLINE Apple has warned of serious security flaws for iPhones, iPads and Macs that could allow hackers to take complete control of devices and may have been “actively exploited,” urging customers to update their devices as soon as possible in a rare admission from the tech giant that takes pride…
- TOPLINE Google announced Thursday it will take more steps to promote high-quality content in its search results, while the Wall Street Journal reported this week Amazon will try out a new video feature for shoppers, becoming the latest tech giants to introduce changes to try to compete with the…
- Exxaro’s brand-new CEO Dr Nombasa Tsengwa on influential leadership, greening the mineral resources industry and the fine balance of managing business, natural resources and environmental needs. DR NOMBASA TSENGWA CUTS A STRONG personality even across a computer screen, with her acute mind and high…
- TOPLINE Cities in China are now swabbing live fish for Covid-19 as officials fight to contain growing outbreaks, a likely futile endeavor that underscores the extreme measures Beijing will take in its mission to stamp out the virus. KEY FACTS Authorities in the coastal city of Xiamen have ordered…
- It isn’t every day that many of us meet a mother of four with an immense passion for science, life, art, music, social justice, and people. Meet Dr. Christina Rahm. She is a scientific influencer, patent inventor, environmental and human researcher, published author, humanitarian, and businesswoman…
- Reports are that Nigerians are increasingly considering cryptocurrency as a strategic investment. Dele Bello vividly remembers relocating to Lagos from Warri, a town in Southern Nigeria, almost five years ago in search of greener pastures. After graduating from university, the dream of making it…
- With interstate commerce banned in cannabis, many brands rely on illicit operators to market their products across the country. In early June, inside Empire Cannabis Club, an unlicensed dispensary on Eighth Avenue in Manhattan, the shelves are filled with cannabis products made by popular brands…
- Felix Agbor Nkongho, a human rights lawyer in Cameroon, takes FORBES AFRICA through the award-winning work he has done in Africa and beyond. Felix Agbor Nkongho, a human rights lawyer in Cameroon, didn’t apply for the Robert F Kennedy Human Rights Award. But his efforts towards access to justice,…
- Updated: When Adam Neumann revealed his new venture to WeWork-ify the residential real estate sector Monday, backed by a $350 million investment from Andreessen Horowitz, the announcement was long on hype, and short on details. Forbes has learned that the company, Flow, intends to launch a digital…
- Nigerian creative Mo Abudu is bringing Wole Soyinka’s Death and the King’s Horseman as a film, directed by Biyi Bandele, who passed away early this month. EbonyLife Group CEO, Mo Abudu, is bringing Professor Wole Soyinka’s 1975 stage play Death and the King’s Horseman as a feature adaptation, in a…
- TOPLINE People who have had Covid-19 are at an increased risk of mental health and neurological conditions—including seizures, dementia, psychotic disorders and brain fog—two years after infection, according to a large study published Wednesday in the Lancet Psychiatry medical journal, shedding…
- It was the return of business travel that tipped Stephanie Dismore’s calendar over the edge. Earlier this year, as the HP senior executive juggled running to airport gates with a schedule still filled with pandemic-era Zoom calls, Dismore sat down with her assistant and did an audit of her meetings…
- Cambridge International qualifications are accepted at over 2,000 tertiary institutions across 160 countries, including top-ranking universities in the US, UK, Africa and across the globe. As Africa’s leading university, the University of Cape Town has chosen to shoulder the responsibility to be at…
- Nigerian billionaire Abdulsamad Rabiu and founder of BUA Group says Africa must remove its reliance on imports and add value to locally-produced food as much as possible. Nigerian billionaire Abdulsamad Rabiu, the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar…
- A new study shows how websites and apps gather people’s sensitive health-related information, sometimes without consent, and channel it to the social media giant to generate business. Digital health companies are funneling sensitive data that patients have shared with them to Facebook to help…
- TOPLINE Oil prices plummeted to the lowest level in months on Monday morning after worse-than-expected data from China showed its economy unexpectedly slowed last month—fueling concerns that weaker market conditions could temper oil demand and potentially spark a global recession this year. KEY…
- In June, Senegalese-born Khaby Lame became the most followed star on TikTok. The social media app’s market is particularly growing in Africa’s biggest economy with more influencers tuning to it to make a living. “During Covid I started posting videos on TikTok initially because I was bored.” TikTok…
- TOPLINE The U.K. has authorized Moderna’s Covid vaccine that targets two different variants of the virus, the nation’s medicines regulator announcedon Monday, a world first as pharma firms adapt to a changed viral landscape and countries prepare to launch fall booster campaigns. KEY FACTS The…
- But the business side, you have to learn about it. Because that’s not natural, we’re not born with that knowledge, you need to learn it. Spotify Monthly Listeners: 1.2 MillionYouTube Total Average Views: 382 MillionSOCIAL MEDIA NETWORTHInstagram: 15.3 MillionTwitter: 5.3 MillionFacebook: 7…
- Serial entrepreneur Bill Smith launched Landing in 2019. The furnished apartment rental firm expects $200 million in revenue this year by catering to the work-from-anywhere generation. Bill Smith steers his black Tesla X through the streets of downtown Birmingham, Alabama, and pulls into a low-rise…
- Topline On Friday, the World Health Organization (WHO) convened with a group of global experts who have agreed on new names for monkeypox virus variants, as part of ongoing efforts to align the names of the monkeypox disease, virus and variants—or clades—with current best practices. Key Facts To…
- Using innovative delivery and payment solutions in Lagos and Abuja and raising $2 million recently for their new platform KwikStore, founders Romain Poirot-Lellig, Olivier Decrock and Yinka Olayanju aim to empower SMEs and merchants scale their businesses. Logistics plays a pivotal role in moving…
- TOPLINE Disney+ on Wednesday became the latest streaming service to raise its monthly subscription prices—joining others like Netflix and Amazon Prime—as media companies seek to increase profitability for their platforms. KEY FACTS Disney+ will raise its monthly subscription cost to $10.99 starting…
- TOPLINE In a finding that provides more reassurance of the safety of Covid-19 messenger RNA vaccines for pregnant people, a Canadian study found pregnant women—who are at higher risk for more severe coronavirus infections—actually experienced fewer significant health problems after getting…
- The 20- and 50-over versions of the sport have taken over the global cricket calendar and all the signs are that is set to continue, as that’s where the money lies, experts say. By NICK SAID TEST CRICKET IS THE PUREST FORM OF THE sport and the ultimate examination of skill, but there are signs […]
- TOPLINE Several Wall Street experts are warning that despite moving higher in recent weeks, the stock market still has further to fall—with recent gains likely to be nothing more than a “bear market rally,” as investor concerns about Fed rate hikes and slowing economic growth continue to weigh on…
- HP study reveals digital literacy and innovative entrepreneurial thinking skills are priority for teachers 95% of educators believe technology can have a positive benefit in the teaching environment and can raise learners’ engagement in lessons HP has revealed the results of its first education-…
- TOPLINE As streaming services continue to battle for the attention—and wallets—of viewers, subscriber numbers have changed over the last few months, with Netflix on a decline for the first time in a decade as Disney+ continues to grow and HBO Max and Discovery+ prepare to merge. KEY FACTS Netflix…
- London’s revitalized and reimagined Africa Centre, which opened in June, boasts a starkly Afro-futurist character: a black exterior accented with confident vermilions and golds, and a plush interior warm with the taupes and saffrons of the African landscape. BY ALASTAIR HAGGER THE MOST ENJOYABLE…
- “But the business side, you have to learn about it…..we’re not born with that knowledge, you need to learn it.” Tiwa Savage, Award-Winning Nigerian singer
- TOPLINE Ukraine’s suspension of Russian oil to Eastern Europe sent oil prices soaring Tuesday morning, after Russian oil company Transneft announced Ukraine had not received transfer fees for the oil for nearly a week due to Western sanctions, renewing fears of supply shortages. KEY FACTS Brent…
- TOPLINE Elon Musk sold roughly $6.9 billion worth of Tesla stock over the past week, according to new Securities and Exchange Commission filings, in a surprise offload that comes more than three months after the world’s richest man said there were “no further TSLA sales planned.” KEY FACTS Musk…
- AT THE FOREFRONT OF THE FIGHT FOR BASIC HUMAN RIGHTS for the people of Cameroon is Cameroonian Maximilienne C. Ngo Mbe, recently honored with the prestigious 2022 Robert F. Kennedy (RFK) Human Rights Award. In an interview with FORBES AFRICA, Ngo Mbe speaks of her early motivation to take to…
- Spotify Monthly Listeners: 505K YouTube Total Average Views: 21 MillionSOCIAL MEDIA NETWORTH Instagram: 465KTwitter: 96.7K Facebook: 2.4 Million TikTok: 37.4K The winner of five Grammys with 14 albums to her name, Angélique Kidjo is one of the greatest artists in international music today. Time…
- Taking the helm of a major motor organization during a global health and economic crisis is not for everyone, but Isuzu Motors’ CEO Billy Tom accepted the challenge, and has overcome speed bumps to successfully grow the business. He speaks about the journey that led him on the road he is today. “……
- It didn’t take long for Russia’s war in Ukraine to impact Africa. Already grappling with soaring inflation and still recovering from the Covid-19 pandemic, Africa now faces a shortage of at least 30 million metric tons of food —especially wheat, maize and soybean imported from Russia and Ukraine.…
- TOPLINE The share of adults who enjoy superhero movies ticked down slightly compared to a year ago, according to a Morning Consult survey released Thursday, a worrisome trend for Disney’s Marvel franchise as its movies experience a rare relative slump at the box office and among critics – and…
