The Industries where the millionaires come from
Money, Money, Money—it’s all about money. It’s always been about money.
How can we make money? How can we spend it? How can we save it? To answer one of these is to solve the ultimate problem of money, and be on the straight path towards becoming a millionaire.
So many have been able to answer this question whereas not so many have been able to answer it no matter how hard they tried.
It’s pretty much simple; it’s all about being a schemer to know what stands and what doesn’t. To answer the question, you need to understand the human psychology, cause let’s be honest, money is not found on trees, spent on trees or saved on trees but from humans.
You only need to know the Hows and the Wheres.
The Wheres in this case has to do with the industries where the question of money can be understood or answered.
The Finance Industry
Now, it would be ironic if the list does not include the industry that is most concerned about money. This is the very sector where money and the flow of money can be understood.
It is where the money is, simply because it deals with nothing but the money. It concerns itself on the many worries about money.
Where can I keep my money away from harm? How can I protect my assets? How can I grow my money? How do I evaluate my money with the emerging decline or improvements to the economy? How can I trade my money for money?
The finance sector is set up just because these many worries popped up in people, and so a few elite minds sat up to create a bank, an insurance company, investment funds, brokerage firms and a few other names they may want to call it.
And they continue doing this by looking at the many worries of the average folks about money.
How do I avoid standing in large bank queues just because I need to access the ATM? We are right on it, and boom, you have the POS stands.
How do I go about with money but without money? You got the crypto currency there, honey.
The Earth is 30 percent land and 70 percent water. Now, this becomes a real problem especially when every human wants to fulfill their very basic need; a place to live and to feel safe. And obviously, you can’t do that in water.
So imagine you are able to get yourself a land or lands, you hold a bargaining chip to make yourself money. You own a product that does not go into the waste or perishable zone, a product that only appreciates as the times continue evolving.
You can choose to use your land or lands if you have a lot of them in so many ways you can think of; either as a rent property, a warehouse, a shelter for a bunch of unknown folks who desperately could need a place to crash or carry out business in. The idea is in abundance.
People just want to feel good, not just on the outside but on the inside.
It’s why we have doctors and medical practitioners who are highly sought after every day by just about everyone.
Being highly sought after is big business, and you only need to check out what pharmaceutical companies, fitness agencies, cosmetic firms or medical practitioners or hospitals take to the bank yearly.
This industry perfectly responds to the question, ‘How to spend the money’. Wealth at the end of the day is health.
With people concerned at the end of the day about their wellbeing, you only need to think about the ways to maximize the potential of this industry.
With great science, comes great technology, or should we rephrase it to ‘with great ideas, comes great technology’?
Well, the crust of the statement is that; whichever idea is thought about today in the current world, people will need the mechanics to bring it to life.
You want a site where you can upload videos instead of status and monetize it? Sure, create the YouTube. You want to bring the cinema to people’s home? Why not Netflix it?
People no longer want to go about with money but want to carry their whole worth with them while they walk without feeling like they carry with them the weight of the world? Invent the crypto currency.
The point is, whatever idea is thought of, there’s always the need for a tool to make it a reality, and the technology sector is always there to make it a possibility, and it’s here the money is.
After all, it’s the age of computers. You only need to see how much Zuckerberg, Twitter and the likes make for heralding the tech/social media era.
This is one of the industries that continually evolves come day or night.
Media and Entertainment Industry
If there’s anything people want, it’s distraction from the everyday stress that grow in abundance. People crave trivia discussions, glamour, information and all that doesn’t bore them.
It’s why the TikTok videos trends, it’s why there are celebrity controversies, it’s why blognposts on movies, socialites, glamour trends. It’s the very reason movie stars amass a following on social media.
It’s also the reason why comedy skits trend and also the reason people troop into cinemas and pay big bucks to watch fiction.
You only need to imagine the traffic this generates and the money that goes on to made through this industry. It’s all about the excitement, and people love the excitement.
Actors, entertainers are amongst the highest earners in any industry you can think of; you need to ask what the likes of Dwayne Johnson, Robert Downey jr receive for their highest grossing films or what Shakira, Kanye West, Davido, Wizkid and many others get from their music.
As far as life goes on, the media and entertainment industries stands to amass a lot of money and wealth cause it shows people the other reasons to spend money aside health or food.
And that brings us to food.
Food and Beverages
Of course, there are a lot of people that may feel they can do without all the industries listed above, in their daily lives, but can anyone really do without food?
There’s never been a World Guinness record for a man or woman who refused to eat for a lifetime or a year before, that is with their own decision that isn’t bothered by circumstances.
As long as there is a need to eat or drink, there will always be money to be made from this industry. It’s why cafeterias, food joints, bars, food transportations and delivery services keep growing as there is a huge need for them.
Let’s not forget what the likes of Coca-Cola makes from producing beverages, or alcohol companies for selling alcohol and wines. Or companies that engage in food processing and packaging.
It’s simply because there’s always a need to eat rather than starve.
This sector needs to be separated from the entertainment industry and the other industries so it can be on its own, cause in here, there are lots of units where money or millionaires are forged.
In the Sports industry, you have betting agencies looking to make profits from gamblers, you also have the media looking to cash in on well loved or marketed sports. Hence, we have stuffs like television rights, Adverts, commercials, sponsorship via sporting platforms.
You even have other sectors or industries looking to sports to make their own money or publicity.
We see billionaires looking to own football clubs or sports units, or distribution companies, telecommunication agencies, oil merchants, etc wrestling for naming rights to sports stadiums or facilities.
The net-worth of sports stars even need to be considered, as no professional sports man or woman can be considered poor by any means.
The Reason Nigeria’s Central Bank is debiting Banks
“For failing to satisfy the required minimum cash reserve ratio, 15 banks have been debited 838.32 billion by Nigeria’s central bank.”
For failing to satisfy the required minimum cash reserve ratio, 15 banks have been debited 838.32 billion by Nigeria’s central bank.
First Bank, Zenith Bank, Access Bank, Union Bank, United Bank for Africa, Polaris Bank, and Keystone Bank are a few of the banks that are impacted.
In an effort to stop inflation and currency devaluation in the nation, the Central Bank of Nigeria (CBN) declared in September that the CRR will be raised to 32.5%.
As a result of 15 banks failing to satisfy the required minimum cash reserve ratio (CRR) standard, the Central Bank of Nigeria has debited them 838.32 billion.
Zenith Bank (270 billion dollars), Access Bank (205 billion), United Bank for Africa (134 billion dollars), FCMB (90 billion dollars), First Bank (33 billion dollars), Union Bank (29 billion dollars), Keystone Bank (14 billion dollars), Titan Bank (11.6 billion dollars), Polaris Bank (10 billion dollars), Nova (5.5 billion dollars), Unity Bank (one billion dollars), Heritage Bank (470 million dollars), FBN Microfinance Bank (460 million dollars), and Suntrust Bank (92 million dollars) are among the affected banks.
The amount of customer deposits that must be held with the Central Bank is known as the CRR. Commercial banks are required to deposit 325 for every 1,000 that their customers deposit at the present rate of 32.5%.
Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), said at a meeting of the monetary policy committee in September 2022 that the bank was increasing its CRR from 27.5% to 32.5% as part of its efforts to control rising inflation in the nation.
The benchmark interest rate was also hiked by the CBN to 15.5% in addition to the CRR.
He said that failing banks would be prohibited from using the foreign currency market until they comply with the new rule. The CBN Governor added that one of the causes of the rising inflation rate and currency depreciation was the economy’s increased liquidity.
An effective way to control the flow of money through an economy is to raise the CRR. It has an impact on banks’ access to capital as well as their capacity to extend loans. Additionally, banks’ interest rates can rise as a result of this.
It also guarantees that banks will have a sizeable reserve to fall back on if clients demand their money.
Africa’s GDP at 35% risk to Climate Change
“The president and chief executive officer (CEO) of the Africa Finance Corporation (AFC) stated during a panel discussion at the Reuters Impact climate conference on October 3rd in London that the continent’s gross domestic product (GDP) is at danger by up to 35% due to climate concerns.”
The president and chief executive officer (CEO) of the Africa Finance Corporation (AFC) stated during a panel discussion at the Reuters Impact climate conference on October 3rd in London that the continent’s gross domestic product (GDP) is at danger by up to 35% due to climate concerns.
He asserts that the number will continue to rise as long as Africa lacks climate change-resistant infrastructure.
The AFC, according to Zubairu, thinks that Africa has a chance to seize the moment and develop ecosystems of adaptation because of the difficulties associated with the energy transition, the energy crisis, and the food crisis that Africa and the rest of the world are experiencing.
Africa must create ecosystems that enable reforestation so that trees may absorb carbon and provide women with access to cleaner cooking options because the use of firewood as a cooking fuel depletes the forests, which serve as carbon sinks. Only 1% of the world’s finest solar resources are used, even though 60% of them are in Africa. The underdeveloped hydropower and natural gas resources of Africa could be a major factor in the current global difficulties, according to Zubairu’s statement.
To achieve a just energy transition, Zubairu stressed to the guests of the Reuters Impact conference the importance of dependable access that is affordable for the great majority of people.
In addition, he pointed out that up to 900 million Africans lack access to clean cooking, making up 80% of the world’s population without access to power.
“Just transition for us is access to energy that is affordable, energy access that does not compromise economic development in Africa, and energy access that allows for the key challenges around financing, and adaptation to be resolved at the same time as economic development.
“When we look at projects and opportunities, we are trying to see how we can build an ecosystem along value chains that allow for carbon neutrality as we go along but the focus is on economic development,” Zubairu says.
Numerous parties have urged to cast doubt on the philosophy underlying the Global North’s advice to Africa not to exploit its natural gas resources. Zubairu contends that asking individuals to stop using gas while imports of fuel oil or the use of coal are options is inappropriate. He claims that the AFC built Cape Verde’s first wind farm, which provides 20% of the island’s energy needs.
The company is also constructing the first independent power project (IPP) in Djibouti to replace fuel imported from Ethiopia, a gas-fired plant in Ghana to replace fuel imported in the form of fuel oil and diesel, as well as a gas plant in Senegal to use Senegalese natural gas. He claims that each of these initiatives lowers carbon emissions.
Zubairu urges Africans to be practical in his appeal for a consensus between the continent’s political and commercial elites to address the continent’s current energy poverty concerns.
He claimed that focusing on emissions reductions, to which Africans contribute the least, is not the most sensible course of action. Instead, emphasis should be placed on increasing capacity for solar energy, using electric vehicles, and altering how resources are extracted from the continent.
He claims that after mining, the minerals are sold to Asia, where they are processed before being exported to other regions of the world. He claimed that this could not go on and that Africa needed to process its mineral resources as well so that value could be captured before exports and that it could increase its mining capability.
Africa has to increase its mining capability, more minerals should be found, mined, and processed on the continent, according to Zubairu. Infrastructure capacity will rise with increased investments in adaptation.
Sudanese philanthropist Mo Ibrahim spoke forcefully for energy justice during the same panel discussion. He explained to the audience that a country’s carbon emissions increase with its level of development.
“You cannot discuss environmental justice without addressing energy justice,” he asserts.
Despite being the lowest contributors to CO2 emissions, Africans are the ones most impacted by climate change. Desertification causes disputes between farmers and herders throughout Africa; these conflicts are distinguished by violence in Sudan and Nigeria due to environmental implications.
Africans are suffering as a result of external causes which Zubairu says he finds absurd that some people traveled to Glasgow last year and made the decision to stop funding worldwide fossil fuel projects. 600 million people in Africa lack access to electricity.
On the continent, there would be no jobs, no healthcare, and no education. Without regard for what the global South needs, the global North constantly discusses and makes decisions.
We are not allowed to use our gas, even though Europe receives half of the natural gas produced in Africa. This type of injustice must end; without Africans’ participation at the table, no one should discuss justice, he alleges.
Heineken Invites Graduates for Finance Mgt Program in Cairo
“Graduates are invited to apply for Heineken’s Finance Management Trainee Program in Cairo.”
Graduates are invited to apply for Heineken’s Finance Management Trainee Program in Cairo.
The Heineken Finance Management Trainee Program is now taking applications, and young graduates who are eager and ambitious are encouraged to apply. Graduates will have a variety of professional opportunities as a result.
The program is designed to provide you early responsibility and enable you to get started right away. Additionally, a portion of your time will be dedicated to job-specific training to ensure that you have the skills you need as an employee for our organization.
Graduates of the trainee program will have the opportunity to receive regular feedback as well as training from knowledgeable coaches.
The program going by its details takes place in Cairo, Egypt; the North section of Africa and its basically centered on those in the Finance field with a Bachelor’s degree qualification. The program is intended to run for 2 years with the application date closing 30th November 2022.
The Heineken scheme covers people of different nationalities.
Rotations among the Finance department’s duties are part of the Management Trainee Program. To guarantee that the joiners have access to a variety of learning and development opportunities, you will be given a specific assignment for each role.
To apply, click here
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