Phiona Okumu – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Mon, 15 May 2023 14:40:24 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png Phiona Okumu – Tech | Business | Economy https://techeconomy.ng 32 32 Spotify’s African Heat Gets a Makeover https://techeconomy.ng/spotifys-african-heat-gets-a-makeover/ https://techeconomy.ng/spotifys-african-heat-gets-a-makeover/#respond Mon, 15 May 2023 14:40:23 +0000 https://techeconomy.ng/?p=102001
  • Opening a new, ambitious chapter for African music’s leading playlist

  • African Heat, Spotify’s flagship playlist for African music, is getting a makeover, opening a new chapter for the platform’s premier destination for African music. 

    The playlist, which boasts over one million followers on the platform, has become one of the leading vehicles for African music to reach new audiences in the streaming era.

    By helping listeners discover new and future African hits, it’s also become a nexus connecting fans of the continent’s music through a shared love of these iconic sounds. 

    With the increased global value and attention enjoyed by African music, as well as the expanding footprints left by its artists on stages and in arenas across the world, African Heat has shone a light and validated some of the continent’s most important songs and moments since its launch.

    Since 2018, African Heat has helped to herald such major hits as Ckay’s Love Nwantiti, Wizkid’s Essence, DBN Gogo’s Love and Loyalty, among others.

    The playlist has featured music from all corners of the continent, also providing a democratized platform for emerging talents to reach global ears. 

    Speaking on the importance of African Heat and the motivation behind its rebrand, Phiona Okumu, Spotify’s Head of Music for Sub-Saharan Africa, said, “For us, African Heat is about community and telling the story of Africa’s incredible music and creators for a global audience that has its ears perked. We’re glad to usher in an even more ambitious era for this definitive playlist, while also continuing to validate African music’s biggest records and connecting to millions the world over”. 

    Spotify African Heat Gets a Makeover
    Spotify’s African Heat

    The new iteration of African Heat will emphasize exposure to and awareness within Africa’s creator and listener communities.

    Channeling the movement of the music across the continent and beyond, the playlist’s rebrand draws direction from public transportation across Africa, particularly iconic vehicles like the trotro, danfo and matatu.  

    Further evoking the image of African Heat as a vehicle, the playlist will wear a new visual identity with an updated version of the now familiar cover that has played host to some of the continent’s biggest stars. The playlist name design now bears a registration number-inspired border, speedometer dials and a gradient that reflects the various forms of heat. 

    The campaign will also feature input from and conversations with some of Africa’s most exciting emerging and established artists, as well as live elements to bring the new African Heat to life and engage listeners. 

    Spotify data shows which African Heat artists have been hottest over the past 90 days, and where they are finding their audiences.

    Top artists on African Heat in the last 90 days

    1. Asake
    2. Ayra Starr
    3. Omah Lay
    4. Fireboy DML
    5. Burna Boy
    6. Lojay
    7. Kizz Daniel
    8. Young Jonn
    9. Sarz
    10. Davido

    Geographical location of users streaming African Heat in the last 90 days

    1. USA
    2. UK
    3. Nigeria
    4. France
    5. Kenya
    6. Germany
    7. Netherlands
    8. Canada
    9. South Africa
    10. Ghana

    To connect to the premier streaming hub for African music and culture, tap into the revamped African Heat playlist on Spotify here.  

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    Marketplace Africa explores Women Entrepreneurs in the Fintech Space https://techeconomy.ng/marketplace-africa-explores-women-entrepreneurs-in-the-fintech-space/ https://techeconomy.ng/marketplace-africa-explores-women-entrepreneurs-in-the-fintech-space/#comments Fri, 24 Feb 2023 08:14:32 +0000 https://techeconomy.ng/?p=96536 In the latest edition of Marketplace Africa, CNN’s Eleni Giokos speaks to the Spotify Head of Music for sub-Saharan Africa, Phiona Okumu, about how Spotify is tapping into the African market and CNN’s Zain Asher learns how women are narrowing the female Fintech gap in Africa.

    Phiona Okumu Spotify
    Spotify Head of Music for sub-Saharan Africa, Phiona Okumu

    Spotify launched in South Africa in 2018 and in 38 more African countries in 2021. Okumu believes that Spotify is growing alongside its young population and is “resonating with a youthful audience… in a continent that is diverse as Africa. We needed to make sure that the product was custom-made for the region.”

    Okumu acknowledges the musical complexities of the continent, and adds that it is important to “know that the world is ready and read indicators like the popularity and growth of different genres from the continent becoming billboard hits in the US, for example.”

    She continues, “We’ve seen such amazing success from artists like Wizkid, who is now a billboard artist, something that 10 years ago we might have only dreamed of. I think that’s also very much a result of what streaming is doing in the music world as a whole. It’s enabling discovery.”

    According to Okumu, “a lot of Africa is unbanked and does not use credit cards”. To best cater to its new market, Spotify leveraged a partnership with M-PESA, a mobile payment service which is local to Kenya. “We are continuing to ensure that we partner with different service providers across the continent to make sure that the lifestyle of the audience that we want to court also makes sense to the product or makes sense with the product.”

    The playlist African Heat is an example of a customised playlist that creates a taste of various African nations. This has enabled discovery for all music lovers across the world, “When you see them being reflected in global charts, then you know that it’s not just a story that we are telling ourselves, the success is global, it’s real, it’s exciting.”

    Ife Durosinmi-Etti, founder and CEO of Herconomy
    Ife Durosinmi-Etti, founder and CEO of Herconomy

    In Nigeria, CNN meets Ife Durosinmi-Etti, founder and CEO of Herconomy, who shares the difficulties she faced when raising money for her business.

    The World Bank says all-female start-ups received only 3% of the almost 2 billion dollar of investment going to African tech start-ups from 2013 to 2021. “What I’ve noticed in the tech space is that women are over mentored and underfunded. We need to do more to fund more women and ensure that their businesses actually grow from small businesses to big businesses,” says Durosinmi-Etti.

    Fara Ashiru Jituboh, founder and CEO of Okra
    Fara Ashiru Jituboh, founder and CEO of Okra

    Fara Ashiru Jituboh, founder and CEO of Okra, raised 3.5 million dollars of venture capital (VC) funding in 2021. “Last year was one of the biggest funding years generally across the board. This last year, if you look at venture capital dollars into technology companies were over 5 billion, 2021 getting close to 6 billion,” she says.

    Founder of Ingressive Capital, Maya Horgan Famodu
    Founder of Ingressive Capital, Maya Horgan Famodu

    Founder of Ingressive Capital, Maya Horgan Famodu believes that with the help of advancing technical contributions, talent, and infrastructure, “We’re seeing the version 4.0 of a typical emerging market technology ecosystem.”

    She adds, “I don’t think there is necessarily a shortage of women technical talent across Africa. If you look at Nigeria, the requirement now for 30% plus of board members to be female. There are a ton of women owned funds [in Nigeria]. Almost every prominent VC in Nigeria has a female partner. If you have a bunch of female founded funds that are hanging out in diverse communities, then likely their portfolios will be reflective. We’re continuously seeing that materialise. There is a literal higher return on investment and higher IRR with diverse teams.”

    Durosinmi-Etti concludes, “While funding is very difficult for women to get, some women are getting it and it is opening up. Things are changing.”

    Horgan Famodu believes “We are all capable and we are all requisite. We’re all required to build a better Africa.”

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