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Thereâs fintech, fashion, art, holiday life and sport packed into the December 2022 / January 2023 issue of FORBES AFRICA! The cover story features Africaâs trending unicorns, valued at $1 billion or more and who have become highly coveted among the entrepreneurial class. On the continent, very few can claim this status. FORBES AFRICA spotlights African founders who have scaled these heights, making their mark on the world at large and redefining the story of success. Their rise is starting to validate the potential of African companies. Thereâs continued news from South Africa, as the country experiences shaky politics as well as frequent power outages. We focus on its impact on small business and how some are even having light bulb moments: such as the founders of loadshedding app EskomSePush. Feast on our colorful fashion spread, an annual editorial fixture this time of year, as we focus on the trending concept of maximalism. Also, get a load on the nifty style and tech products worth the holiday spend this season. Thereâs more: why the pre-owned luxury fashion market is gaining currency in South Africa. And some great tech stories on the rise of AI art and the cost of deepfakes. In sport, who are the African superstars to watch out for in basketball and football in 2023? All this and more in the December 2022 / January 2023 issue of FORBES AFRICA!
'Desperate Times Need Desperate Measures Or Then Let's Accept Our Fate'
IT WAS WONDERFUL TO SEE THE revival of the Forbes Global CEO conference that was held post Covid in Singapore in October this year. It was great to reconnect with global leaders as well as meet Forbesâ extended family from different parts of the world.
!['Desperate Times Need Desperate Measures Or Then Let's Accept Our Fate'](https://reseuro.magzter.com/100x125/articles/2171/1146127/GStd1_WiM1669968967242/DESPERATE-TIMES-NEED-DESPERATE-MEASURES-OR-THEN-LETS-ACCEPT-OUR-FATE.jpg)
6 mins
The Trials And Triumphs Of Being A Pioneer
BEING THE FIRST OF anything may always feel like an honor but there is a different sort of pressure that comes with that label. Just ask Nonkululeko Gobodo, who in 1987, became the first black female chartered accountant in South Africa.
![The Trials And Triumphs Of Being A Pioneer](https://reseuro.magzter.com/100x125/articles/2171/1146127/YUthpupc91669969094920/THE-TRIALS-AND-TRIUMPHS-OF-BEING-A-PIONEER.jpg)
2 mins
WATER AND POWER: Solutions To Greater Johannesburg's Infrastructure Challenges
Water and electricity-the lifeline of any society! Both at the heart of economic growth and social well-being.
![WATER AND POWER: Solutions To Greater Johannesburg's Infrastructure Challenges](https://reseuro.magzter.com/100x125/articles/2171/1146127/jbfqyMsz21669969158976/WATER-AND-POWER-SOLUTIONS-TO-GREATER-JOHANNESBURGS-INFRASTRUCTURE-CHALLENGES.jpg)
2 mins
VENTURES AND VALUATIONS: AFRICA'S BILLION-DOLLAR STARTUPS
VENTURING INTO THE WORLD OF ENTREPRENEURSHIP IS OFTEN STRENUOUS AND RISKY BUSINESS. BUT THE REWARDS FAR OUTWEIGH THE COSTS. SINCE 2013, THE ADDED PRIZE OF BEING LAUDED AS A 'UNICORN', THAT IS A BUSINESS VALUED AT $1 BILLION OR MORE, HAS BECOME HIGHLY COVETED AMONG THE ENTREPRENEURIAL CLASS. ON THE CONTINENT, VERY FEW CAN CLAIM THIS STATUS. FORBES AFRICA SPOTLIGHTS AFRICAN FOUNDERS WHO HAVE SCALED THESE HEIGHTS, MAKING THEIR MARK ON THE WORLD AT LARGE AND REDEFINING THE AFRICAN STORY OF SUCCESS.
![VENTURES AND VALUATIONS: AFRICA'S BILLION-DOLLAR STARTUPS](https://reseuro.magzter.com/100x125/articles/2171/1146127/VMIueSUmV1669969646114/VENTURES-AND-VALUATIONS-AFRICAS-BILLIONDOLLAR-STARTUPS.jpg)
7 mins
A chip off the old block
The ugandan-born CEO of fintech unicorn, Chipper Cash, Ham Serunjogi, grew up watching his parents solve problems. Today, overcoming challenges is a daily routine and forms a culture of thought inherited from his upbringing.
![A chip off the old block](https://reseuro.magzter.com/100x125/articles/2171/1146127/a1HxXptfx1669969852456/crp_Ham-Serunjogi-Maijid-Moujaled-Chipper-Cash-Fintech-unicorn.jpg)
4 mins
Mitchell Elegbe â 'Keep solving problems and getting joy'
Mitchell Elegbe Co-founder and CEO, Interswitch
![Mitchell Elegbe â 'Keep solving problems and getting joy'](https://reseuro.magzter.com/100x125/articles/2171/1146127/7XVTzErVM1669969949832/crp_Mitchell-Elegbe-Interswitch.jpg)
5 mins
'Education can move the world'
Melvyn Lubega Co-founder, Head of Strategic Partnerships and Director, Go1
!['Education can move the world'](https://reseuro.magzter.com/100x125/articles/2171/1146127/a8Yhq29dm1669970167445/crp_EDUCATION-CAN-MOVE-THE-WORLD.jpg)
3 mins
'Able to build the company to over 200,000 companies'
Shola Akinlade, CEO and Co-founder, Paystack Ezra Olubi, CTO and Co-founder, Paystack
!['Able to build the company to over 200,000 companies'](https://reseuro.magzter.com/100x125/articles/2171/1146127/qUvEKq0jK1669970212116/crp_Shola-Akinlade-Paystack-Ezra-Olubi-Paystack.jpg)
1 min
BACKED BY TECH LEGENDS
Iyinoluwa Aboyeji Co-founder, Andela
![BACKED BY TECH LEGENDS](https://reseuro.magzter.com/100x125/articles/2171/1146127/O5xsroDaC1669970253412/BACKED-BY-TECH-LEGENDS.jpg)
1 min
EXPANDING AFRICA'S E-COMMERCE SECTOR
Olugbenga Agboola and Adeleke Adekoya Co-founders, Flutterwave
![EXPANDING AFRICA'S E-COMMERCE SECTOR](https://reseuro.magzter.com/100x125/articles/2171/1146127/6rQ3WFX4k1669970294412/EXPANDING-AFRICAS-ECOMMERCE-SECTOR.jpg)
1 min
DIGITIZING AFRICAN ECONOMIES IN A NEW ERA
Wemimo Abbey Co-Founder, Esusu
![DIGITIZING AFRICAN ECONOMIES IN A NEW ERA](https://reseuro.magzter.com/100x125/articles/2171/1146127/nPGrbTfzr1669970328171/DIGITIZING-AFRICAN-ECONOMIES-IN-A-NEW-ERA.jpg)
4 mins
A Country At Its Watt's End
When will the lights come back? South Africa experienced 2,409 cumulative hours of power cuts by November this year, forcing many small businesses to use generators, or eventually close.
![A Country At Its Watt's End](https://reseuro.magzter.com/100x125/articles/2171/1146127/nFNbvqHaG1669970418994/A-COUNTRY-AT-ITS-WATTS-END.jpg)
7 mins
When Information Is Power
As co-founders of South Africa's favorite load shedding app, Dan Southwood-Wells and Herman Maritz alert people about rampant power cuts so they can better plan their lives.
![When Information Is Power](https://reseuro.magzter.com/100x125/articles/2171/1146127/plj5J6Kaa1669974229266/WHEN-INFORMATION-IS-POWER.jpg)
4 mins
A 100 Years Encapsulated In Every Sip
How do you sum up 100 years in one evening? Sounds impossible. But not for Glenfiddich, who have, in partnership with Proud Mary, launched South Africa's first 100 Club and Whiskey Vault.
![A 100 Years Encapsulated In Every Sip](https://reseuro.magzter.com/100x125/articles/2171/1146127/K9CcPpDCq1669974373616/crp_Glenfiddich-Proud-Mary-Whiskey-Vault.jpg)
2 mins
Plant Power
A persistent acne problem led Botswanaâs Didintle Moreki to look for indigenous solutions in her backyard, and grow her skincare range into a successful business.
![Plant Power](https://reseuro.magzter.com/100x125/articles/2171/1146127/82g8znQXJ1669974465662/PLANT-POWER.jpg)
3 mins
Art For Advocacy
Jemima Kakizi Akimanizanye is adding to Rwanda's aesthetic appeal with her transformative art and addressing the country's youth population on the cusp of change.
![Art For Advocacy](https://reseuro.magzter.com/100x125/articles/2171/1146127/Z5uVQqZku1669974606246/ART-FOR-ADVOCACY.jpg)
3 mins
Beyond Safaris: Digitalizing Travel
Rwandan-Canadian Charles Shima is deploying technology to create immersive cultural experiences for tourists in Africa. His dream? To build a unicorn in the travel sector.
![Beyond Safaris: Digitalizing Travel](https://reseuro.magzter.com/100x125/articles/2171/1146127/q4nD1mi-t1669974681204/BEYOND-SAFARIS-DIGITALIZING-TRAVEL.jpg)
3 mins
Artificial Intelligence â Enabled Exploration Takes The Guesswork Out Of Gas
Leveraging Google's Al functionality, Deep Learning Café is helping Renergen use the data they have to streamline the process of looking for natural gas.
![Artificial Intelligence â Enabled Exploration Takes The Guesswork Out Of Gas](https://reseuro.magzter.com/100x125/articles/2171/1146127/lifa_reOB1669974839515/crp_Renergen-Limited-Artificial-Intelligence-Deep-Learning-Caf-AI-Liquefied-Natural-Gas.jpg)
3 mins
'Intentional About Collaborating Through Meaningful Partnerships'
BRANDVOICE WITH MASTERCARD
!['Intentional About Collaborating Through Meaningful Partnerships'](https://reseuro.magzter.com/100x125/articles/2171/1146127/X1mQncMWu1669975012681/INTENTIONAL-ABOUT-COLLABORATING-THROUGH-MEANINGFUL-PARTNERSHIPS.jpg)
5 mins
Lord Of The Landlines
Robert Hale became a billionaire by capitalizing on the technology Alexander Graham Bell patented in 1876. But timeâs up and now the 21st century is calling.
![Lord Of The Landlines](https://reseuro.magzter.com/100x125/articles/2171/1146127/xGcl8Mfs91669975226407/LORD-OF-THE-LANDLINES.jpg)
7 mins
Beyond STEM
Through Naija Comm, Texas-based Eno Oduok is challenging career stigmas in the Nigerian community and educating people about professions they didnât think existed.
![Beyond STEM](https://reseuro.magzter.com/100x125/articles/2171/1146127/ISnJfjwQX1669976127357/BEYOND-STEM.jpg)
2 mins
Climate change and investment advocate of Zimbabwe
The award-winning Zimbabwean entrepreneur and philanthropist Edd Branson is leading a green investment drive that currently operates in three continents.
![Climate change and investment advocate of Zimbabwe](https://reseuro.magzter.com/100x125/articles/2171/1146127/uYeG052F81669976653527/crp_CLIMATE-CHANGE-AND-INVESTMENT-ADVOCATE-OF-ZIMBABWE.jpg)
3 mins
Let's Collectively Shape A Sustainable Future
Sustainability has risen to the top of the economic agenda globally as consumers become more focused on reducing their carbon footprint. According to a global consumer survey commissioned by Mastercard, consumers demand that brands be more sustainable. In Africa, 9 in 10 people said that theyâre willing to take individual action to combat environmental and sustainability issues.
![Let's Collectively Shape A Sustainable Future](https://reseuro.magzter.com/100x125/articles/2171/1146127/DbMnL7kWy1669976763462/LETS-COLLECTIVELY-SHAPE-A-SUSTAINABLE-FUTURE.jpg)
4 mins
The Rise of AI Art
When award-winning art work can be generated by algorithms, where does that leave artists?
![The Rise of AI Art](https://reseuro.magzter.com/100x125/articles/2171/1146127/tcyS-u7uq1669976881742/crp_AI-Art-Mid-journey-DALL-E-Stable-Diffusion-Craiyon-Jason-Allen-Colorado-State-Fair-Fine-Arts-Artwork-Roger-Ballen.jpg)
5 mins
WHEN SEEING IS NO LONGER BELIEVING
The misuse of artificial intelligence and cost of deepfakes in a post-truth era.
![WHEN SEEING IS NO LONGER BELIEVING](https://reseuro.magzter.com/100x125/articles/2171/1146127/UlpBG20ps1669977026548/WHEN-SEEING-IS-NO-LONGER-BELIEVING.jpg)
4 mins
'It's a diamond mine!'
The Royal African Society, which celebrated its 120th birthday recently, continues to be a catalyst for positive change promoting African voices in the United Kingdom and globally.
!['It's a diamond mine!'](https://reseuro.magzter.com/100x125/articles/2171/1146127/aXzfyRGPk1669977461742/crp_Africa-Royal-African-Society-Film-Africa-festival-Chimamanda-Ngozi-Adichie-Ngg-wa-Thiongo-Mkoma-wa-Ngg-Wole-Soyinka-Ama-Ata-Aidoo-Ben-Okri-Nawal-El-Saadawi-Alain-Mabanckou-Chigozie-Obioma-Shade-Thomas-Fahm-Alphadi-Yemi-Osunkoya-Dr-Nicholas-Westcott.jpg)
5 mins
BUILDING BETTER FUTURES ON THE CONTINENT
Professional Services firm, Deloitte Africa recently released its 2022 Transparency and Impact Reports, with the aim of reflecting on its transformation and quality journey, and demonstrating the impact the firm has made on people, clients and society on the continent.
![BUILDING BETTER FUTURES ON THE CONTINENT](https://reseuro.magzter.com/100x125/articles/2171/1146127/9FNVudiLZ1669977701997/BUILDING-BETTER-FUTURES-ON-THE-CONTINENT.jpg)
4 mins
Beg, Borrow or Style
The pre-owned luxury fashion market is appreciating in value in South Africa. We sift through helpful hints for prospective buyers â and resellers â and the trend towards conscientious fashion over conspicuous consumption.
![Beg, Borrow or Style](https://reseuro.magzter.com/100x125/articles/2171/1146127/K7jyRt0_81669977797235/BEG-BORROW-OR-STYLE.jpg)
8 mins
Leveraging Meaningful Partnerships To Drive Social Change
MultiChoice has partnered with The EarthShot Prize, a global environmental prize aiming to find innovative solutions to the worldâs biggest climate change-related challenges.
![Leveraging Meaningful Partnerships To Drive Social Change](https://reseuro.magzter.com/100x125/articles/2171/1146127/nGf-EdwgW1669978082729/LEVERAGING-MEANINGFUL-PARTNERSHIPS-TO-DRIVE-SOCIAL-CHANGE.jpg)
3 mins
Rags, Not Riches
Ghana is fast fashionâs dumping ground, and unwanted apparel is throwing up on the beaches leading to an environmental crisis.
![Rags, Not Riches](https://reseuro.magzter.com/100x125/articles/2171/1146127/8WMgWqpJH1669978147695/RAGS-NOT-RICHES.jpg)
5 mins
BRIDGING THE HEALTH FINANCING GAP IN AFRICA
Michelle Akande, Vice President of Global Access Financing at Pfizer outlines why building connections across the global health community and developing new solutions has never been more important, especially for Africa.
![BRIDGING THE HEALTH FINANCING GAP IN AFRICA](https://reseuro.magzter.com/100x125/articles/2171/1146127/p7G3LiskG1669986196734/BRIDGING-THE-HEALTH-FINANCING-GAP-IN-AFRICA.jpg)
4 mins
Reflections Towards And Resolutions: A Just Society
Post the Black Management Forum Policy Conference, South African ESG professional and entrepreneur Cuma Dube talks about fulfilling democratic mandates, representative diversity, and a just energy transition.
![Reflections Towards And Resolutions: A Just Society](https://reseuro.magzter.com/100x125/articles/2171/1146127/Hw1YXL3rg1669986372303/REFLECTIONS-TOWARDS-AND-RESOLUTIONS-A-JUST-SOCIETY.jpg)
3 mins
Bringing African Luxury To Skincare
While the African beauty industry is largely dominated by international beauty conglomerates, Belle Nubian seeks to not only challenge these statistics, but also help the continent reclaim and redefine what it considers to be true African beauty.
![Bringing African Luxury To Skincare](https://reseuro.magzter.com/100x125/articles/2171/1146127/an2piP_4e1669986430987/BRINGING-AFRICAN-LUXURY-TO-SKINCARE.jpg)
3 mins
'Crypto Is Not The Future, It's Very Much The Now'
Broadening the financial services landscape from Lagos, Chris Maurice is the 26-year-old helming one of Africa's fastest-growing cryptocurrency companies.
!['Crypto Is Not The Future, It's Very Much The Now'](https://reseuro.magzter.com/100x125/articles/2171/1146127/RmVt9zpIR1669986508018/crp_Chris-Maurice-Yellow-Card-Financial-Justin-Poiroux-Cryptocurrency-Bitcoins.jpg)
3 mins
Forbes Africa Magazine Description:
åºç瀟: ABN Publishing
ã«ããŽãªãŒ: Business
èšèª: English
çºè¡é »åºŠ: 7 Issues/Year
Forbes Africa is the drama critic to business in Africa. The magazine helps readers connect the dots, form patterns and see beyond the obvious, giving them a completely different perspective. In doing this, it delivers sharp, in-depth and engaging stories by looking at global and domestic issues from an African prism.
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