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The Business of Chance: An Inside Look at the Gaming Industry



AG Gaming 2

The world of gaming has come a long way from its humble beginnings as a niche hobby enjoyed by a select group of enthusiasts. Today, it is a multi-billion dollar industry that touches the lives of millions of people around the globe. The gaming industry is not just about entertainment but also business.

In this article, we’ll take a closer look at the gaming industry, from the history of gambling to the rise of esports, and explore the fascinating world of chance that has captured the hearts and minds of so many.

Historical overview of the gaming industry

The gaming industry has been around for several decades, with the first commercial video game, “Computer Space,” hitting the market in 1971. However, the history of gaming can be traced back much further than that, to the early days of board games and card games. The ancient Egyptians played the first known gambling game, which used a set of knucklebones to determine the game’s outcome. Over time, sports betting and gambling have evolved and become more sophisticated, with games like poker and blackjack becoming popular in the 19th century.

In the early days of video games, a handful of companies, including Atari and Nintendo, dominated the industry. However, the gaming industry expanded rapidly with the rise of personal computers in the 1980s. Today, countless game developers and publishers are creating games for a wide range of platforms, from consoles and PCs to mobile devices and virtual reality headsets.

Gaming industry statistics

The gaming industry is a massive market, with revenues expected to reach $159 billion in 2020. Console gaming continues to be the market’s largest segment, accounting for more than 30% of all gaming revenue. However, mobile gaming is the fastest-growing segment, with revenues expected to grow by nearly 50% over the next few years.


Regarding demographics, the gaming industry is no longer dominated by teenage boys. Today, women make up nearly half of all gamers, and the average age of a gamer is 35 years old. The industry is also becoming more diverse, with games featuring more varied characters and storylines.

Types of gaming – console, PC, mobile, etc.

There are many different types of gaming, each with its unique characteristics and audience.

  • Console gaming involves playing games on a dedicated gaming console like the PlayStation or Xbox. 
  • PC gaming consists in playing games on a personal computer. 
  • Mobile gaming refers to games played on smartphones and tablets and is the fastest-growing segment of the gaming industry. 
  • Other types of gaming include browser-based games, virtual reality games, and augmented reality games.

Each type of gaming has its strengths and weaknesses. Console gaming, for example, offers high-quality graphics and immersive gameplay but can be expensive and limited in terms of portability. On the other hand, mobile gaming is accessible and convenient but often lacks the depth and complexity of console or PC games.

Gaming industry revenue streams

The gaming industry generates revenue from various sources, including game sales, in-game purchases, and advertising. Game sales are the most traditional revenue stream, with consumers purchasing games for a one-time fee. In-game purchases, such as virtual items or upgrades, have become increasingly popular in recent years and are now a significant source of revenue for many game developers.

Advertising is also a significant revenue stream for the gaming industry, with companies paying for their products or services featured in games. Some games even have in-game advertising, displaying ads within the game itself. Esports, which involves competitive gaming tournaments, has also become a significant revenue stream for the gaming industry, with companies sponsoring teams and events.

Gaming industry trends

The gaming industry constantly evolves, with new trends and technologies always emerging.

  • One of the biggest trends in recent years has been the rise of mobile gaming, leading to a surge in casual and hyper-casual games. 
  • Another trend has been the growth of esports, which has become a billion-dollar industry in its own right.
  • Other trends include the increasing use of virtual and augmented reality in games and the rise of subscription-based gaming services. Cross-platform gaming, where players can play the same game on multiple devices, is also becoming more popular.

The impact of technology on the gaming industry

Technology has profoundly impacted the gaming industry, enabling the development of increasingly complex and realistic games. Technology has driven innovation in the gaming industry from the early days of 8-bit graphics to today’s highly detailed 3D environments.

The rise of mobile devices and cloud computing has also significantly impacted gaming, allowing for more seamless and accessible gameplay. Virtual and augmented reality technologies are also poised to revolutionize the gaming industry, offering players a more immersive and interactive gaming experience.

Business models in the gaming industry

The gaming industry has a variety of business models, each with advantages and disadvantages. Some companies rely on traditional game sales, while others focus on in-game purchases or advertising. Subscription-based models, where players pay a monthly fee to access a library of games, have also become more prevalent in recent years.

Another business model is free-to-play, where games are available to play for free but offer in-game purchases. This model has become increasingly popular in mobile gaming, where most revenue comes from in-app purchases.

Key players in the gaming industry

The gaming industry is home to many companies, from small independent developers to multinational corporations. Some of the key players in the industry include:

  • Activision Blizzard
  • Electronic Arts
  • Microsoft
  • Nintendo
  • Sony
  • Tencent
  • Ubisoft

These companies are responsible for developing and publishing some of the most popular games in the world, including Call of Duty, FIFA, and Super Mario.

Challenges faced by the gaming industry

Despite its success, the gaming industry faces several challenges. One of the biggest challenges is piracy, with many games being illegally downloaded and distributed online. The sector also faces issues with regulation, particularly in countries with strict gambling laws.


Another challenge is the increasing cost of game development, with some games costing hundreds of millions of dollars to create. This can make it difficult for smaller developers to compete in the market.

The Future of the gaming industry

The gaming industry is poised for continued growth in the coming years, with new technologies and business models driving innovation. Mobile gaming is expected to grow, while virtual and augmented reality technologies will become more accessible and affordable.

Esports is also expected to grow in popularity, with more companies investing in tournaments and sponsorships. The rise of cloud gaming, which allows games to be streamed over the internet, could also revolutionize the industry, making it more accessible and affordable for players worldwide.


The gaming industry is a fascinating and dynamic market driven by innovation and a passion for gaming. From its humble beginnings as a niche hobby to its current status as a multi-billion dollar industry, the gaming industry has come a long way. Despite its challenges, the gaming industry’s Future looks bright, with new technologies and business models paving the way for continued growth and success.

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People & Lifestyle

Fitch Ratings Affirms UBA Ghana as Robust, Steady, and Liquid.




Fitch in September 2023, has Carried out thorough examination of United Bank for Africa, Ghana (UBA Ghana) Ltd and affirmed its strong rating of Long-Term Issuer Default Rating (IDR) at “B-” with a stable outlook and Viability Rating (VR) also affirmed at “CCC”.

The affirmation of UBA Ghana’s rating is based on a strong capital buffer and healthy liquidity.  Despite the negative impact of the first phase of Domestic Debt Restructure (DDE) and the potential risk of growth in non-performing loans, UBA Ghana remains adequately capitalized to withstand any turmoil within the banking terrain. 

Fitch’s analysis of UBA Ghana further indicated that despite the bank’s exposure to the ongoing debt restructuring of Cocoa bills and the Government of Ghana Eurobonds, the bank’s capital and liquidity would be able to withstand the impacts of these Government debt restructure. 

Fitch affirmed UBA Ghana’s Shareholders Support Rating at “B” revealing that although the sovereign default remains high, the Bank remains attractive and its contribution to the Ghanaian market aligns with UBA’s Pan-African agenda. 

UBA Ghana Ltd posted strong financials in H1 2023 with an improved liquidity ratio of 85.65% and a Capital Adequacy ratio of 19.46%. The bank’s deposit, as at H1 2023, grew by 20.85% to close at GHS5.17bn against the prior year of GHS4.28bn. This growth funded Total Asset growth of 21.41% which was from GHS5.63bn in H1 2022 to GHS6.84bn in H1 2023. 


The Bank posted 156% Y-o-Y growth in Profit Before Tax from GHS116m in H1 2022 to GHS296m in H1 2023. This improvement is a result of efficiency and enhanced customer service.

The Bank has led in many innovations in the industry. At the peak of the COVID pandemic, it introduced LEO, Ghana’s first virtual banker on WhatsApp, Facebook, and iMessage and soon to be deployed on two other channels subject to regulatory approval.

UBA Ghana is making financial inclusion a reality in Ghana by supporting SMEs in expanding access to other markets in Africa through partnerships with the United National Development Programme (UNDP), Africa Continental Free Trade Area (AfCFTA), and the Pan-African Payment and Settlement System (PAPSS).

UBA Ghana is a subsidiary of United Bank for Africa Plc, a leading Pan-African financial institution, offering banking services to more than thirty-seven million customers across over 1,000 business offices, customer touch points in 20 African countries and operating in 4 continents.

With a presence in New York, London, Paris, and UAE, UBA is connecting people and businesses across Africa through Retail, Commercial and Corporate Banking, innovative cross-border payments and remittances, trade finance, and ancillary banking services. 

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People & Lifestyle

GBFoods David Afflu wins CIMG Marketing Man of the Year award for 2022



David Afflu 2

David Afflu, CEO of GBFoods has just been crowned with the prestigious award, Marketing Man of the Year by the Chartered Institute of Marketing Ghana (CIMG) last Saturday 30th September 2023 at the plush Labadi Beach hotel. The event had the theme, “Marketing: A Tool for Economic Recovery”. The guests of honor were the Vice-Chancellor of the University of Professional Studies (UPS) and the Minister of Education, Hon Yaw Osei Adutwum.

After a very competitive selection process, the CEO of GBFoods Ghana, David Afflu emerged as the winner of the coveted Marketing Man of the Year award. David’s citation that was read said among other things, “Your outstanding transformational leadership, strategic vision, and significant contribution to the FMCG sector has been taken to another level even as our team of assessors single you out to be celebrated. Your leadership has led to the tremendous rise of your institution in the FMCG industry in Ghana. Today, you and your team have made household names out of your brands such as Gino and Pomo in the Tomato Mix category. Gino for eg. enjoyed a total brand communication awareness increase from 97 percent to 99 percent, Top of Mind Awareness (TOMA) increasing from 28 percent to 33 percent and spontaneous awareness from 84 percent to 91 percent”.David Afflu 1

David, a Biochemist by training, quickly abandoned his training after 2 years to pursue a career in marketing, sales and general management. Over the period of over 25 years, he has built a very successful career in various multinationals in FMCG, Petroleum, Telecoms in Ghana. He has built a track record of turning companies he leads around from decline to sustainable profitable growth.

In his speech after receiving the award, David thanked God, acknowledged the support he received from the GBFoods Ghana team and his family, and singled out resilience as one key trait that had propelled him to this feat.

David is the recipient of several other prestigious awards including winning the CIMG Marketing Practitioner for 2017, and more recently, CEO of the Year, Food Category at the CEO Summit 2023, Top Transformational Business Leadership award at the National Governance & Leadership Awards 2023 and Ultimate Man of the Year (Gold Category) at the FMCG National Summit 2023 to name a few.

GBFoods is a multinational company with Headquarters in Spain and a presence in several countries in Africa and Europe. In Ghana, GBFoods continues to lead in the Tomato Mix category with its brands Gino, Pomo and Brisk Farm. The company is highly committed to its growth agenda in Africa. Last year alone the company spent in excess of 10 million US dollars expanding the factory in Ghana and launching a new tin line for its tomato mix products. 

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People & Lifestyle

Guinness Ghana’s Maiden Accravaganza Thrills Thousands in Accra





The world’s no. 1 stout, Guinness Ghana hosted over 3,000 attendees at the maiden Guinness Accravaganza at Untamed Empire, Accra. (more…)

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People & Lifestyle




Breakfast meeting 1

MTN Ghana is set to hold its 2nd Business Executive Breakfast Meeting for 2023 on Thursday, 5th October under the theme “Cybersecurity and Digital Transformation for SMEs”.

Key industry players and experts will discuss and share knowledge, exchange ideas, push for policy formulation and collaborate on cybersecurity and digital transformation for SMEs. Speakers at the session will include Dr. Albert Antwi-Bediako, Director General, Cyber Security Authority, C.K. Bruce, CEO of Innovare Ghana, Jacqueline Hanson Kotei, Senior Manager, Enterprise Information Security & Governance at MTN Ghana and Audrey Mnisi, Banking Ops, Risk & Cybersecurity Specialist at Ghana Association of Banks. 

Speaking ahead of the event the Chief Marketing Officer for MTN Ghana, Mr. Noel Kojo-Ganson emphasized the relevance of the theme in today’s business environment. He said, “It is without a doubt that Ghana’s SME sector continues to drive and accelerate socio-economic growth across the continent. At MTN, we believe Ghana’s growth and progress is greatly connected to the development of the SME sector. While we acknowledge the sector’s great contributions to Ghana’s development, we recognize its challenges such as cybersecurity. It is critical for MSMEs and SMEs to be equipped with the requisite tools and resources in order to stay ahead and competitive.” 

The event is expected to be attended by key industry players and experts from information security, cybersecurity, digital transformation, government agencies, business owners, SMEs among others. It will be streamed live on MTN’s Social media handles.

This edition of the MTN Executive Business Breakfast meeting is being organized as part of the 2023 Cybersecurity awareness month. The purpose is to raise awareness about the importance of cybersecurity across the world and ensure that all users of the internet have the resources they need to be safer and more secure online. Some planned activities for the month include awareness campaigns for students, community stakeholders on Password Management, Phishing, Information Privacy and Social Engineering (MoMo Fraud).

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People & Lifestyle

Home Improvement Ideas for Modern Living



Home Improvement Ideas for Modern Living

Making your home a better place is always a worthwhile investment, whether you’re sprucing up to sell or personalizing your dream space. In Tampa, Florida, the humid subtropical climate, beautiful surroundings, and bustling lifestyle provide a unique backdrop for home improvement projects. 

While there are endless opportunities for DIYers and professional contractors alike, here are some ideas tailored to modern living in the Tampa Bay area that are both functional and aesthetically pleasing.

A Sunroom to Embrace Tampa’s Natural Beauty

One of the most charming aspects of living in Tampa is the lovely weather, and what better way to embrace it than by adding a sunroom to your home? Sunrooms, also known as Florida rooms, are perfect for capturing the natural beauty of the area while adding valuable living space. 

Here, you can read a book in natural light, take your remote work to the next level, or even make it a play area for your kids. A well-designed sunroom is both practical and stylish; just imagine the parties you could host during Tampa’s beautiful sunsets. 


Moreover, the added square footage could significantly increase your property value.

The Importance of Finding Out Rates Before Starting a Project: Hidden Costs to Watch Out For

While the allure of home improvement is strong, it’s crucial to be aware of the costs involved, especially the hidden ones that can sneak up on you. For Tampa residents, it’s essential to factor in costs like permits, which can be time-consuming and expensive to obtain. 

Furthermore, the scope of your project can dramatically affect the final bill. For instance, a seemingly simple outdoor kitchen could have a price tag similar to the average Tampa Kitchen Remodeling cost, which could be anywhere between $9,000 – $73,000, depending on the materials and appliances you choose. 

Always get multiple quotes from contractors and clearly outline the scope of work to avoid any unexpected labor or material costs. A little research and planning can save Tampa homeowners a lot of grief and money in the long run.


An Outdoor Kitchen to Revel in Tampa’s Social Lifestyle

Tampa’s social and outgoing atmosphere offers an excellent opportunity to host barbecues, pool parties, or simple get-togethers. An outdoor kitchen is an increasingly popular home improvement idea that perfectly complements this vibrant social culture. 

Besides the usual grill and countertop, you can go all out with a pizza oven, built-in coolers, and a state-of-the-art sound system. 

This would not only enhance your entertainment capabilities but also increase the allure and functionality of your outdoor space. 

Given Tampa’s pleasant weather for a good part of the year, an outdoor kitchen could be an addition you use frequently.


Energy-Efficient Installations for Sustainable Living

As we move towards more eco-friendly lifestyles, Tampa residents can significantly benefit from energy-efficient home improvements. Solar panels are an excellent investment, especially in a sunny location like Tampa. Adding solar panels can reduce your electricity bills while making a positive environmental impact. 

Moreover, opting for energy-efficient appliances and windows can further cut down on utility costs. Many of these improvements can also qualify for federal and state tax credits, making them an even more attractive option. 

With the double advantage of being eco-friendly and cost-effective, energy-efficient installations are a smart move for any Tampa homeowner.

Smart Home Automation for Modern Convenience


In a world where technology keeps evolving at an ever-accelerated pace, making your Tampa home a smart home is not just a trend; it’s a way to make life more convenient and secure. Imagine controlling your home’s lighting, temperature, and even your refrigerator through your smartphone or voice commands. 

It sounds like something from a sci-fi movie, but it’s entirely achievable today. Home automation systems can be customized to suit your needs, whether that’s setting mood lighting for a romantic dinner or having your coffee ready when you wake up in the morning. 

Home security systems have also seen significant advancements, with smart doorbells and surveillance cameras that you can monitor remotely. 

Automating your home not only makes life easier but can also save you money in the long run through energy-saving settings. Plus, these features can be particularly appealing to future buyers if you ever decide to sell your Tampa home.

Landscaping for Florida’s Native Flora and Fauna


Florida’s unique ecosystem provides a wealth of opportunities for landscaping that is both beautiful and sustainable. Native plants, well-suited to Tampa’s humid subtropical climate, require less water and maintenance than non-native species. They also offer the added benefit of attracting local wildlife like butterflies and birds. 

Consider adding a water feature like a pond or a fountain as a focal point, surrounded by native flowers and shrubs. Another excellent idea for yards is a butterfly garden, which can be a delightful educational experience for kids and adults alike. 

Utilizing local materials like coquina shells or coral rocks for pathways and borders can give your outdoor space a distinctly Floridian flair. 

Landscaping with native plants not only contributes to local ecology but also adds a sense of place and regional identity to your home, making it a unique oasis in the heart of Tampa.

Transform Your Bathroom into a Spa-like Retreat


After a long day of enjoying Tampa’s beaches, parks, or cultural activities, coming home to a spa-like bathroom can be the ultimate luxury. Upgrading your bathroom with modern fixtures like rainfall showerheads, heated floors, and ambient lighting can create a sanctuary within your home. 

High-quality tiles, perhaps with a coastal theme to match Tampa’s geography, could add an elegant touch. Given that bathrooms are smaller spaces, a little investment can go a long way in transforming them into something special.


Tampa provides a rich canvas for a variety of home improvement projects tailored to its unique climate and lifestyle. From sunrooms to outdoor kitchens, energy-efficient installations to luxurious bathrooms, the possibilities are endless. 

Remember, planning is key here, and being aware of all potential costs can make your home improvement journey a much smoother one. After all, your home is not just a building; it’s a reflection of your life, your style, and the backdrop to your Tampa Bay memories. 


Make it as beautiful and functional as the life you live within it.

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People & Lifestyle

Tips for Adjusting to a New City after a Long-Distance Move



Tips for Adjusting to a New City after a Long-Distance Move

Moving to a new city is always a big deal, but when that new city is as dynamic and bustling as Dallas, Texas, you’ve got yourself a whole new world to explore and adapt to. The city of Dallas is a melting pot of cultures, cuisines, and industries. It’s home to some of the most exciting sports events, captivating museums, and mouthwatering barbecues. 

But before you can truly enjoy what this beautiful city has to offer, you’ve got some adjusting to do. Here are some tips to help you settle in like a local.

Understand the Culture and Local Etiquette

Dallas is part of the broader Texan culture, which is known for its southern hospitality. People are generally friendly, outgoing, and they enjoy a strong sense of community. This is a city where you’ll find folks who aren’t afraid to strike up a conversation with strangers.

So don’t be surprised if your neighbors come knocking with a homemade pie or if someone at the grocery store goes out of their way to help you find what you’re looking for.


Understanding the local culture can also help you adjust faster. From the importance of Friday night football to the ubiquitous Tex-Mex cuisine, taking time to understand what makes Dallas unique will make you feel more at home. 

So, read up on the history, take part in local events, and, when in doubt, always remember the golden rule of Dallas: Be friendly and courteous, and you’ll fit right in.

Importance of Finding a Local Moving Company to Make the Move Hassle-Free

When you’re moving long-distance to a city as big and complex as Dallas, one of the smartest things you can do is to enlist the help of local professionals. Get in touch with Dallas long distance moving companies to make the transition hassle-free. Why settle with a local service? An experienced, local moving company knows the ins and outs of Dallas streets, helping save you time, money, and stress.

Having a professional assist you can also help you avoid pitfalls and inconveniences that you might not even be aware of. For instance, traffic can be quite challenging during certain hours, and local movers will know the best times and routes to get your belongings safely and quickly to your new home. 


Similarly, a local moving service can give you insights into the quality of schools, safety, and amenities that you won’t find online.

Tap into Local Resources for Settling In

After arriving in Dallas, you might feel a little lost or overwhelmed by the pace of life here. Thankfully, there are many local resources designed to help newcomers find their footing. From social clubs and sports teams to religious organizations and hobbyist groups, there are myriad ways to meet people who share your interests.

One beneficial resource is the Dallas Public Library system. With several branches around the city, the library offers more than just books; you can find community boards, workshops, and events aimed at helping residents, old and new, connect and learn. 

These spaces are often free to use and can provide an invaluable platform to gather information and network with locals.


Embrace the Local Food Scene

If there’s one thing Dallas doesn’t lack, it’s options for good food. From traditional Texas barbecue to authentic Mexican and innovative fusion cuisine, Dallas has a thriving food scene that’s just waiting to be explored.

Make it a point to step out and try local eateries, food trucks, and markets. Not only is this a great way to discover new favorite dishes, but it also offers an opportunity to socialize with locals. Food is a cultural experience, and what better way to integrate into a new community than sharing a meal? 

So go ahead, and indulge in that smoky brisket or those crunchy tacos; it’s all part of becoming a true Dallasite.

Build Your Social Circle and Network


One of the most challenging aspects of moving to a new city is leaving behind friends and family. Thankfully, Dallas is a city where making new connections can be a pleasant experience. Given the city’s friendly culture and array of social activities, there’s no shortage of places to meet new people.

Local gyms, churches, and community events are just some of the spaces where you can form new friendships. If you’re into business networking, Dallas has a strong corporate culture with many events aimed at professionals. 

Websites like Meetup also offer a plethora of group activities where you can meet people with similar interests. Remember, everyone was new to the city at some point, so don’t be shy to reach out and make connections.

Get Involved in Community Events and Local Activities

In a bustling city like Dallas, there’s always something happening around the corner. Whether it’s a state fair, a music festival, or a local charity event, Dallasites love to come together as a community. 


Engaging in these local activities not only makes your weekends more exciting but also enriches your understanding of the city and its residents.

The State Fair of Texas, held annually at Fair Park, is a grand spectacle that draws locals and tourists alike. With rides, food stalls offering Texan specialties, and live performances, it’s an event you don’t want to miss. 

Participating in these festivities allows you to tap into the local culture and feel more like a part of the community.

Dallas is also a hub for arts and culture. With venues like the Dallas Museum of Art, the Nasher Sculpture Center, and the AT&T Performing Arts Center, you have plenty of opportunities to immerse yourself in the artistic side of the city. Many of these venues host events where you can meet like-minded individuals and even partake in interactive workshops or guided tours.

Sports are another avenue for community involvement. Whether you’re a Cowboys fan or prefer cheering for the Mavericks, the spirit of competition is a significant aspect of Dallas culture. Even if you’re not into watching sports, participating in local leagues or casual games in community parks can be a fun and healthy way to meet new people.



Adapting to a new city takes time and effort, but if you embrace what Dallas has to offer, you’ll find your niche soon enough. 

Welcome to your new home, and enjoy all the experiences that come with being a local!

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