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New Innovation Trumpets Africa’s Growing Interest in Metaverse

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Africa’s first and only Metaverse venue, SodaWorld is a technology platform developed to serve as an entertainment emporium in the Metaverse- a resource through which artists can create new virtual worlds, customise fan engagement, as well as create and sell NFT and merchandise.

SodaWorld was founded by long-time technology and creative industry innovator Mic Balkind during lockdown in 2020. It recently secured investment by Switzerland-based CV VC and was selected as one of just two projects to be featured as a Special Project at the Venice Biennale, Venice VR programme, as part of the Venice Immersive 2022 event.

SodaWorld streams live from its SodaStudio in downtown Johannesburg. SodaStudio is an offline-to-Metaverse high-tech studio that serves as a connection point between creators and the Metaverse.

Balkind, CEO of SodaWorld, has worked within the technology and creative industries for over 20 years.

SodaWorld describes Balkind as “a fore-runner in the broadcast and entertainment industry” and the creator and owner of digital nightlife website JHBLive, an online community of over 120,000 active participants.

The project involves two phases. The first – and current phase – is centred around the construction of basic metaverse functionality, which includes the near-automated production SodaStudio to enable high-quality real time broadcast to the Metaverse.

“We are broadcasting to our Virtual Reality digital twin of the studio in VRCHAT. But in between is where things are interesting. We are busy developing a social layer that will interact between the real world and the virtual.

“Music and especially live performers represent the ability to filter through culture. If there is a band that you really like it is highly likely that if you go to their live performance you will meet like-minded people,” said Balkind.

“Our focus is on how to facilitate interaction between the fans be it in the real world, in VR or online. The social layer is a key to us. We have hacked together a version of this in the studio where we have been practicing what it is like for an artist to feel the people from the outside world in the studio. Phase one has been around experimentation and implementation of our blueprints.”

Phase two is a stand-alone tech stack that will represent the ability for artists and cultural institutions to create virtual worlds and the ability to perform inside of them.

“The system will also include the ability for artists to create tokenomics and for fans to get behind artists’ projects by owning a slice of the initiatives proposed to SodaWorld community persons,” developers added.

SodaWorld said at the moment, artists can submit their band for review.

“We are going to select around up to thirty artists where we partner with them to launch a Metaverse strategy. We will enable the artist to build an audience and perform to them on a regular basis. Also the tools and expertise to develop digital assets and tokenomics,” the platform stated.

According to Balkind, SodaWorld performs the role of a new-world agency that partners with the artist. “Our model is to split proceeds with the artists from projects undertaken in our partnership. It is a sliding scale so the first year where we share 50% and then it slides down to 15%. By year four we take our standard fee of 15% ongoing for the duration of the relationship.Our aim is to raise significantly more investment and to build our tech stack and launch it as a stand-alone offering.”

Olaf Hannemann, Chief Investment Officer and Co-Founder of CV VC said: “CV VC is a blockchain tech early-stage VC headquartered in the world’s most mature blockchain hub, ‘Crypto Valley’, Switzerland. We invest in start-ups who demonstrate a capability to transform the way the world interacts and transacts using blockchain technology.

“The dynamic team at SodaWorld have shown an energy, determination, and industry expertise to do just that for artists and creators. Core to blockchain is its ability to build trust. The entertainment and performance sector need to rebuild trust especially from the creator’s perspective. The SodaWorld platform can achieve this and more, new revenue streams for creators.”

CV Labs Africa MD, Gideon Greaves added:“As the incubation business pillar of CV VC, we at CV Labs Africa are stoked to work with the team at SodaWorld who are building on blockchain to enable artists to monetise immersive fandom.

“Their enriching platform empowers African creators to connect with global audiences via the brave new world known as ’the metaverse’ which in simple terms is an interactive and augmented digital reality world, accessible by fans anytime and anywhere and where fans can actually interact with artists and visa-versa.

“The opportunities are endless. Africa is blessed – it has in its hands a facility – SodaWorld which can facilitate creators access this Metaverse!”


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Mastercard Report Reveals Top Travel Trends Shaping Africa in 2025

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Mastercard Economics Institute (MEI) has released its annual Travel Trends 2025 report, revealing the latest consumer spending insights and motivation when it comes to travel.

Cross-border movement is often influenced by the most pressing economic factors of the moment, such as exchange rates and geopolitical tensions. However, these are not the only factors driving consumers’ travel spending decisions, including those in Africa. Personal and purpose-driven factors remain powerful even when economic uncertainty looms.

Building on the resilience of the global travel sector seen last year, the 2025 report highlights how destinations across the African continent are increasingly appealing to tourists and, creating additional opportunities for local markets to develop tourism.

 “Africa is emerging as a global leader in purpose-driven travel, where nature, wellness, and culinary experiences are redefining the continent’s tourism landscape. These trends present a powerful opportunity to drive inclusive growth, support local economies, and position Africa as a key player in the future of global tourism,” said Mark Elliot, division president, Africa, Mastercard.

 Whether drawn by Namibia’s wellness retreats, South Africa’s wilderness experiences or Morocco’s vibrant culinary scene, travelers are expanding their horizons beyond traditional hotspots.

 Tourism is playing an important role in Africa’s growth story. Travelers are increasingly drawn to the continent’s natural beauty, culinary diversity, and wellness experiences. While economic and geopolitical factors matter, the pursuit of meaningful, purpose-driven travel remains strong. The Mastercard Economics Institute’s report sheds light on how countries are tapping into this trend to attract visitors and boost local economies,” said Khatija Haque, chief economist EEMEA, Mastercard Economics Institute.

By exploring a full range of travel motivations, the report identifies the main themes shaping travel today:

 Africa trends:

  • Nature-fueled adventures: South Africa and Zambia dominate cross-border spending around national park areas. Spending around South Africa’s major national parks far outpaced that of other countries, with nearly a quarter of the cross-border spending occurring within these zones. Zambia is also highly ranked as an outdoor adventure destination.
  • Culinary crossroads: Marrakech ranks highly on the foodie list with its median restaurant hosting tourists from many different countries, often to enjoy meals of tagine and b’stilla. Cape Town is also on the list, with its bobotie dish proving popular with visitors.
  • Wellness in the wild: Africa is establishing itself as a global leader in wellness-centered travel as consumers prioritize rejuvenation and self-care. Namibia, South Africa and Botswana are among the top destinations for travelers seeking spa-style and nature-based retreats and immersive eco lodges. Kenya is also ranked among the top 20 destinations for wellness In the Mastercard Wellness Index 2025.

 Other global trends:

  • Spa, summit and savor: Personal passions and goals motivate travel choices. Adventure-seekers are heading to the Nordics, where Finland’s national parks account for 7.1% of cross-border spending in the country.
  • Summer destination draws: The Asia-Pacific region commands the list of trending summer destinations. Flight booking data reveals the top global destinations gaining most momentum for June-September travel, relative to last year. Tokyo is the number one trending spot for summer 2025, followed by Osaka and then Paris.
  • Fuelled by fans: Fans travel internationally to see their favorite teams and athletes play. Case in point? During Shohei Ohtani’s World Series debut, spending by Japanese visitors in Los Angeles surged by 91%, six times the broader cross-border boost. 
  • Money matters: Despite geopolitical tensions and fluctuating prices, the factors that motivate consumers to travel are often more complex than just economic. But currency depreciation can make certain destinations, like Japan, more attractive due to their better value for money.
  • Wheeling and dealing closer to home: In general, business travelers favor longer trips within their own regions, driven by hybrid work models and geopolitical uncertainty. However, there are exceptions, with UK businesses spending a growing share of their travel budgets in Asia, Europe, the Middle East and Africa.

Mastercard is dedicated to helping the global tourism sector grow through market analysis and high-frequency, data-driven insights that enhance the travel experience. By empowering destinations and businesses to better understand evolving consumer trends, Mastercard is helping to shape a more connected and resilient future for travel across Africa.

You can view the full “Travel Trends 2025: Purpose-driven journeys” and other reports and insights from the Mastercard Economics Institute can be found here.


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Nigeria to Receive $3Bn Telecoms Infrastructure in June – Minister

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Bosun Tijani, Minister of Communications, Innovations and Digital Economy
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Nigeria is set to receive telecommunications equipment and fibre optic infrastructure worth $3 billion in June 2025, according to Bosun Tijani, minister of Communications, Innovation and Digital Economy.

Nigeria to Receive $3Bn Telecoms Infrastructure in June – Minister

Speaking during a panel session at the Nigeria Development Update (NDU) organised by the World Bank, Tijani revealed that the equipment valued at $1 billion was expected to arrive in the country by mid-2025.

He added that an additional $2 billion worth of fibre optic cables would soon be delivered to boost Nigeria’s telecommunications infrastructure.

According to him, the initiative aims to significantly enhance communication services across the country and bridge the connectivity gap.

Tijani also noted that a pilot phase targeting over 20 million Nigerians who currently lack access to any form of telecommunications would soon be launched.

The Nigeria Development Update (NDU) is a bi-annual World Bank report that assesses the country’s recent economic and social developments, policy directions, and provides recommendations to address emerging challenges.


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Legend Internet Debuts Nigeria’s First Fibre-to-the-room Service

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Legend Internet Plc has launched FTTR by Legend — Nigeria’s first Fibre-to-the-Room (FTTR) service, redefining the standard for broadband connectivity across homes and businesses.

“Being listed on NGX is just the beginning, With FTTR by Legend, we are building the infrastructure of the future, today — not just to improve connectivity, but to transform how people live, work, and create”, said Aisha Abdulaziz, CEO of Legend Internet Plc.

This groundbreaking innovation was deployed by Legend, with strategic technology support from global telecommunications leader- Huawei. The result is a seamless digital experience that meets the demands of modern living.

The launch of FTTR follows the recent signing of a Memorandum of Understanding (MoU) between Legend Internet and Huawei Technologies.

“Our collaboration with Huawei reflects our commitment to global standards and local innovation. Unlike traditional broadband that stops at the router, FTTR by Legend brings pure fibre into every room, offering zero lag, full-house coverage, and the performance needed for smart homes, remote work, creators, and tech-forward enterprises.

The collaboration is aimed at accelerating broadband infrastructure development, enhancing local capacity, and positioning Nigeria as a digital leader in Africa. Huawei brings decades of R&D in fibre optic and smart home technology to support Legend in deploying this state-of-the-art infrastructure.

Coming on the heels of its recent listing on the Nigerian Exchange Limited(NGX), Legend Internet PLC shows no signs of slowing down. The company is celebrating its public debut with a landmark product — one that delivers ultra-high-speed fibre into every room of a building, enabling uninterrupted, gigabit-speed internet at all times.

Legend Internet’s entry into fibre-to-the-room solutions is part of a broader ambition to close the digital divide in Nigeria. While FTTR by Legend is currently being offered exclusively to high-end residences, the company plans to scale and democratize access through complementary solutions over time. This aligns with Legend’s dual-market approach.

In broadband, Legend leverages fibre optics to deliver ultra-high-speed internet directly to consumers, with a focus on reliability, speed, and innovation. In fintech, the company is expanding last-mile payment infrastructure and delivering secure, scalable tools including wallets, merchant solutions, and digital financial platforms for everyday use.

Legend’s mission is clear: to power Nigeria’s digital future — through cutting-edge technology, bold thinking, and local-first execution.


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