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Africa’s economy to dip by 3.4% this year – AfDB President, Akinwumi Adesina

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Africa’s financial development this year will decrease by 3.4% because of the difficulties of the Covid-19 pandemic, the President of the AfDB has said.

AfDB accomplices DFID to divulge $80m foundation financing for Africa, ADB dispatches $3 billion “Battle COVID-19” Social Bond, US requires an autonomous test of AfDB president, Akinwumi Adesina, AfDB board denies asking Adesina to venture down as Obasanjo says the bank hazards being seized

The President of Africa Development Bank (AfDB), Dr Akinwunmi Adesina has said that Africa’s monetary development this year will decay by 3.4% because of the difficulties of the Covid-19 pandemic.

Adesina said this while giving his comments at the Fellowship Investiture of the Chartered Institute of Bankers of Nigeria (CIBN), hung on Saturday, December 6, 2020, where he and others were drafted Honorary Fellows of the Institute.

In his introduction, Dr. Adesina, expressed gratitude toward the coordinators of the occasion and noticed that these are difficult stretches for brokers and there is need for brassy initiative, particularly in the difficult time and period of the COVID-19 pandemic, that has disabled the worldwide economy.

As indicated by him, “The sort of authority that can explore complexities and reestablish expectation and certainty, to develop back, more secure, more advantageous and with more prominent flexibility, basic to the Honorary Fellows and awardees and the Chartered Institute of Bankers of Nigeria.”

He further expressed, “Endless lives have been lost. Economies have been crushed. Africa’s financial development this year will decrease by 3.4%. Worldwide, economies have gone into downturn, as worldwide exchange, monetary streams, ventures, the travel industry and worldwide gracefully chains have been upset.

“A large number of occupations have been lost. Purchaser interest and business ventures have declined. With enormous financial boost bundles, loan costs are at record-breaking lows.”

He charged all to emerge and by and large help Nigeria to recuperate and work back a more grounded and tough economy that would convey more prominent flourishing and trust in all Nigerians.

What you should know

The African Development Bank (AfDB) is prepared and accessible to emphatically uphold African nations, monetary foundations, and the private area to quicken Africa’s financial development.

AfDB as of late dispatched a $10 billion emergency reaction office to give prompt liquidity to nations to meet earnest financing needs, just as a $3 billion battle COVID-19 social security on worldwide capital business sectors – the biggest US dollar-named social bond ever in world history, which is currently recorded on the London Stock Exchange, Luxembourg stock trade and on Nasdaq

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Ideal features that will set up the Nigerian music industry ablaze

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The music industry and musicians as a collective keep giving us value for our ears, releasing music just at the right time, even if our favourite musicians or artistes do not release their song(s) at the promised date or have to postpone it due to unforseen circumstances, we still have enough music circulating the air like primetime Yaba market—ever busy and always something to hold on to.

However this article is not meant to applaud the voluminous amount of music recorded and released daily, weekly, monthly even yearly, rather its intent is to shine the light on some missing factors in our Nigerian music industry pertaining to collaborations or in literal terms, artistes featuring one another.

There is no denying the fact that the Nigerian music industry is very blessed, talented and diverse enough for every artiste to calve a niche for themselves and truth be told many have done so and still doing that, but with all these put together, we as fans still have insatiable wants with respect to the music and musicians we listen to. We always want more and when “more” gets delivered, the inner critic in us always want to tweak something; talking about: “I wish he/she said this that way”, “oh! He should have featured someone instead of doing the song solo”, “this song (and/or collab) is a waste of time” and so on.

If only wishes were horses, the statement goes but that does not stop one from wanting more or at least fantasizing about what could have been, if only we had the powers.

This article consider features I feel will light up the music industry and artistes I feel fit eachother styles sonically; most importantly artistes who should hop in the booth and spit some fire verses for the enjoyment of us (the fans). Bear in mind, this is opinionated, so should not be treated too seriously as you might not agree with everything written. That said, let us begin!

1. Simi & Tems:

Simi (top) & Tems (under)

Ladies first, it is courteous. Simi’s versatility and Tems mid-tempo vocals (which can switch up anytime to a Soprano-C note) would be a joy to listen to. Correct me if I am wrong but female artistes in Nigeria featuring themselves is kind of uncommon, so having Simi and Tems on a track would be magical plus they cover almost the same subject region, singing about love and heartbreak from a personal standpoint. Oh boy! I would pay to listen to them perform a collab track Live.

We have witnessed Simi and Tems go toe-to-toe with their male counterparts in the Nigerian music industry. If I am not mistaken, I have never seen Tems feature another female aritstes in Nigeria or abroad on her own personal songs. The closest to a female featuring on her song is her mom reciting her Oriki (lineage poetry in English) on ‘Temilade’ interlude on her debut EP.

Simi on the other hand has 3 albums (gospel album included) plus various EPs and has successfully featured just one female artiste – Ms Banks – off of ‘Restless II’ EP. That has to change. The industry needs to feel the female artistes synergy and this can only be done by the female artistes themselves. Simi and Tems will not be a bad addition to that.

2. Patoranking & Burna Boy:

Burna Boy (left) & Patoranking (right)

Both artistes burst into the mainstream by infusing Reggae/Dancehall vibes into their songs. In fact we have seen both Pato and Burna debut projects on the Billboard Reggae chart.

This has only drawn more than enough comparisons between both artistes with fans pitching who is the best Reggae/Dancehall artiste between them both.

Not only are Patoranking and Burna Boy established as the kings of Reggae/Dancehall genre in Nigeria but also on numerous occasions, they have switched up their styles and dove into other genres including Afrobeat, Afro-fusion, Pop, R&B etc while establishing a unique sound for themselves.

At this point, I do not know why both of them have not thought of making a collab, if not for anything, for the culture.

3. WurlD & Flash:

L-R: WurlD and Flash

As an introduction, go listen to ‘Get Up’ by Sarz and Flash, then listen to ‘Balenciego’ by Flash. By now I know you would have been wowed. Do not stop there, go further to listen to ‘World People’ by Flash and Boj. Enough said, you get where I am driving to, don’t you?

Undoubtedly WurlD is one of those one in a million type of artistes, who stick to their game plan and in due time, the game plan pays off. WurlD has established himself as one of the best alternative artiste in Nigeria, Africa by large. From his vocals, to the cadence, to his appearance and personal fashion style, WurlD is truly hard to not notice.

WurlD and Flash on a track will only wreck havoc on this industry and the most interesting factor about me pitching these artistes together is they are both affiliated with Nigerian wizard of a producer, the one and only Sarz. Hmm . . . WurlD and Flash on a track, talk more of an EP. Goddamn!

Bearing in mind, Flash started off as a rapper and he was pretty decent at spitting bars, no telling what would be birthed if only he and WurlD choose to work together in the future.

4. Rema & PsychoYP:

Rema on the left; PsychoYP on the right

One thing the Nigerian music industry lacks is the crossover of Hip-Hop/Rap as a genre to the mainstream. It is very difficult for an average listener of music in Nigeria to singlehandedly name 6 rappers from Nigeria offhand. Sad but true.

With Rema and PsychoYP, we have two young talents which with proper nuturing, they can transcend into generational talents. Rema no telling is one of the most diverse artiste in the country while PsychoYP is one of the best trap-rappers (stylised into trappers) on the Nigerian map.

We have seen Rema switch from Afrobeat and Afro-fusion to straight up rapping and trapping. He and YP on a track, going back and forth, spitting bars unrelentlessly will only take trap (a sub-genre) of rap to the mainstream. As we know anything Rema touches turns into “Another Banger” and with PsychoYP having at least two solid rap/trap albums under his belt, this could be his ticket to the mainstream.

5. Tiwa Savage & Teni:

Tiwa Savage & Teni

Mummy Jam Jam and Teni the Entertainer on a song together will cross boarders and break boundaries. Trust me!

I will reiterate myself, the female artistes synergy (or chemistry if you may) on the Nigerian music scene is really lacking and having two powerhouse of the Nigerian music industry will not only show the love female artistes have among themselves but significantly lead by example. Facts only!

Tiwa Savage and Teni (in a short amount of time) have shown their versatility, songwriting and creativity on a large scale while maintaining their core. The willingness in Teni and Tiwa Savage to work with anybody in the music industry when opportunity beckons is very lucid.

I know I am not the only who would love to hear a Teni-Tiwa collaboration.

• Honourable Mentions:

– The Cavemen. & Femi Kuti:

Kingsley and Benjamin Okorie of The Cavemen. (left); Femi Kuti (right)

Igbo Highlife and Alternative meets Afrobeat. I do not mind the vocals playing a lesser role on their collab. Just for the sake of instrumentation and aesthetics, I would love to see this come into fruition

– Sarz & Pheelz:

L-R: Sarz-Pheelz

On ‘Hear Me Out’ EP, Pheelz showed he is more than a producer extraordinaire but can and will flex his vocal abilities when needed. A Sarz production with Pheelz providing vocals will be the beginning of something never done before (at least I think so)—2 producers on a joint track (or maybe project) but one handling the instruments and the other serenading with the vocals.

– CKay & Blaqbonez / Ckay & Oxlade:

Blaqbonez (top left), Oxlade (top right) and Ckay (bottom)

CKay and Blaqbonez already have their bromance thing going on from their Chocolate City affiliations. CKay and Oxlade in 3 words: I dun mezebu.

– Davido & Wizkid:

Davido and Wizkid

Shekpe! Starboy dey here so.

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Elon Musk is again the world’s richest man after SpaceX valuation surge

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49-year-old independent tycoon, Elon Musk is by and by, the world’s most extravagant individual on earth.

Tesla boss’ abundance flooded to $200 billion after the rocket organization, SpaceX he established finished another financing round, pushing him on the Bloomberg Billionaires Index for the second time in 2021.

He moved past, Amazon’s author Jeff Bezos, who is currently worth $194 billion and had a few days back prior recovered the title as the world’s most extravagant individual this week after Tesla shares plunged.

Late reports propose SpaceX raised another $850 million this month from a gathering of driving institutional financial backers drove by Sequoia Capital.

Such venture presently puts SpaceX’s valuation at $74 billion, a 60% bounce from August, and aided lift Musk’s total assets by about $11 billion, as indicated by the file.

November 15, 2016, documenting with the Federal Communications Commission uncovered the tech very rich person possessed 54% of SpaceX.

In spite of the fact that Bloomberg’s examination accepts he hasn’t sold his offers in resulting adjusts and that his stake has been weakened to about 47% in relation to the sum raised. The worth is diminished by 15% to represent run of the mill limits that partakes in unicorns pull in on the auxiliary market, as indicated by two dealers.

Elon Musk’s present abundance could undoubtedly purchase 114 million official ounces of gold or 3.20 billion barrels of raw petroleum (about 10% of Africa’s driving oil maker’s oil hold).

He at present leads the most important vehicle organization, Tesla, and furthermore claims SpaceX, which considers the U.S NASA its driving client.

Musk claims about 20% of Tesla, as indicated by a February 2020 administrative recording. A piece of his property is utilized as insurance for individual commitments.

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Females congratulates Ngozi Okonjo-Iweala’s appointment as WTO Director General with special #BeLikeNgoziChallenge

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Nigeria former Minister of Finance and current Director General (DG) of World Trade Organization (WTO), thereby becoming the first woman to head such position.

Ngozi Okonjo-Iweala (apart from being a former Minister of Finance in Nigeria), had previously served as Managing Director at World Bank, spending a fruitful cumulative 25 years there.

Nigerians (and Africans by large) have come out en masse to celebrate her milestone and congratulate her on making history via their various social media apps and this has given birth to a challenge trending at No. 1 on Twitter NG, known as the: #BeLikeNgoziChallenge.

The #BeLikeNgoziChallenge gives Nigerians, mostly ladies the opportunity to dress up in attires, predominantly traditional, already donned by Ngozi Okonjo-Iweala herself or styled in similar fashion while others make videos speaking like her when addressing crowd in public or conferences. Check out some of their posts below:

Congratulations to Ngozi Okonjo-Iweala on her historic appointment as DG of WTO from us at Wavyvibrations.

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