CBX Daily 11/20/2024

Author

Majella Mark
November 20, 2024

Today, Endeavor is helping entrepreneurs excel, but let’s start with how the UAE is tapping into Africa’s well…

Now Playing:

Cultural Intelligence Download

How The UAE Is Capitalizing On Its Strategic Affair With Africa 

CBX Vibe

The UNCTAD's World Investment Report 2023 revealed a significant decline in Foreign Direct Investment (FDI) for Africa, dropping to $45 billion in 2022 from $80 billion in 2021, representing 3.5% of the global FDI. Despite this decrease, greenfield project announcements increased by 39%. Greenfield investments are often seen as a way for companies to enter new markets, gain access to local resources, or diversify operations and Africa saw substantial investment in megaprojects. With six of the top 15 projects worldwide valued at over $10 billion each.  

Endeavor’s Investing Multiplier Formula For Unicorn Success 

CBX Vibe:

Successful entrepreneurs do more than passively inspire the next group of founders, they actively enable the next generation to overcome the barriers entrepreneurial success. This is why Linda Rottenberg, who co-founded Endeavor, a platform that has supported more than 2,600 founders globally, created the Endeavor Multiplier Effect™, which allows early successful founders to fertilize what will later become thriving unicorn-breeding grounds and multiply entrepreneurial success by a large factor.  

LeBron's SpringHill Is Eyeing Merger With Grammys & Kardashian's Creators

CBX Vibe:

Los Angeles Lakers superstar LeBron James continues to build his legacy off the court with his media company potentially merging with the production studio behind “The Kardashians.” Founded in 2020 by James and sports-marketing businessman Maverick Carter, SpringHill is in talks to join forces with British company Fulwell 73, who produce the Grammy Awards and the unscripted reality show “The Kardashians.” The merger would be a big win for Fulwell 73 who experienced a $12 million loss, despite the success of several sports projects including Netflix’ docuseries Captains of the World, and Universal’s documentary about long distance runner Mo Farah. 

Tune-in Tuesdays!

Elon Musk was a chief campaigner for Donald Trump and now, he’s getting to lead the Department of Government Efficiency. Similarly, key supporters are also getting rewarded with top offices. But, is it about efficiency and impact? Are we witnessing a game-changing partnership, or is this just rewarding your friends?

A. "Started From the Bottom" by Drake – By supporting Trump’s vision and objectives, Musk secures his place in the inner circle, where connections and shared interests reward him with more power and influence
B. "No Role Modelz" by J. Cole – This is just another example of powerful men with unchecked ambition, seeking fame rather than a genuine impact
C. "We Are the Champions" by Queen – Musk and Trump might not be the traditional political duo, but their partnership could represent a new form of leadership, one that focuses on building a stronger, more innovative America

What are your thoughts on this? Tune in next Tuesday to see which jam captures the prevailing sentiment!

A  |  B  |  C

Login or Subscribe to participate in polls.

Last week’s results are in and it looks like public opinion thinks weight loss drugs are simply a ‘Cover Up’ with no real impact.

Americans Think They Need $200,000 A Year To Be Financially Comfortable

CBX Vibe:

“Financially comfortable,” the meaning is unreachable for many, especially when you consider Americans feel they need more than three times the median U.S. household income of about $71,000 a year to feel financially secure. A Bankrate survey found U.S. citizens want to earn over $200,000 a year to be financially comfortable. Considering the median household income for Black U.S. households in 2021 was $46,400 and more than 450,000 job cuts during the first half of 2023, the expectation of being financially secure feels out of reach for many. 

FTC Puts The Brakes On Tapestry-Capri Merger But It's Not Over

CBX Vibe:

Tapestry Inc. (TPR +1.30%)–the parent company of luxury brands like Coach, Kate Spade, and Stuart Weitzman and Capri Holdings Ltd. (CPRI -6.68%)–the owner of Michael Kors, Jimmy Choo, and Versace had proposed a merger worth $8.5 billion. The aim was to tap into the booming streetwear culture and leverage the spending power of Black consumers. However, the Federal Trade Commission (FTC) has made a noteworthy victory in its antitrust regulation in ensuring fair competition and protecting consumers from potential monopolistic practices by stopping this merger.

Vibes of the Week

The UAE might make the most out of Africa "Just Like That" Jessie Reyez and Ari Lennox think so. Get into it in our CBX Vibes!