Africa’s Olympic Debut Brings Sports Investment And Economic Legacy Into Focus
International Olympic Committee (IOC) President Kirsty Coventry arrived in Senegal ahead of the Dakar 2026 Youth Olympic Games, as the country prepares to make history by hosting the first Olympic sporting event on African soil. Competitions will take place across Dakar, Diamniadio, and the coastal town of Saly, featuring 153 medal events across 25 sports, …

International Olympic Committee (IOC) President Kirsty Coventry arrived in Senegal ahead of the Dakar 2026 Youth Olympic Games, as the country prepares to make history by hosting the first Olympic sporting event on African soil.
Competitions will take place across Dakar, Diamniadio, and the coastal town of Saly, featuring 153 medal events across 25 sports, including athletics, futsal, street skateboarding, and beach wrestling.
“It’s been a long time; we’re very excited. We know it’s going to be fabulous,” Coventry said upon arrival, according to the IOC.
“It is time for Africa; it’s time for Senegal!” she added.
Engr Chima Umunnakwe, CEO of DNC Sports Management, says the real measure of Dakar 2026’s success will be the economic value retained by African businesses after the Games.
“Dakar 2026 is undoubtedly a historic milestone, but we must distinguish between successfully hosting a global sporting event and hosting one that makes economic sense,” Umunnakwe, who manages former Super Falcons captain Desire Oparanozie and Nigerian goalkeeper Chiamaka Nnadozie, tells FORBES AFRICA.
He says local companies should secure meaningful contracts in construction, hospitality, transportation, technology, broadcasting, merchandising, food services, and event production.
Umunnakwe also stresses that sporting infrastructure should remain commercially viable after the competition, generating revenue, supporting community participation, and creating jobs.
“If African companies are positioned as owners and long-term partners rather than simply service providers, Dakar 2026 could become a strong model for hosting global sports profitably,” he says.
The Daily Brief
Get the daily FORBES.NG briefing.
Comments (0)
Sign in to join the conversation.
Related Stories

CBN Sets 2028 Target for 95% Financial Inclusion and Faster Digital Payments
The Central Bank of Nigeria’s Payments System Vision 2028 sets targets for wider financial access, faster transactions and lower electronic fraud losses as the country seeks to strengthen its digital finance ecosystem.

Nigeria’s Q2 2026 Trade Data Shows Export Growth but Highlights Diversification Challenge
Nigeria’s Q2 2026 trade figures point to growth in crude oil and refined petroleum exports, while questions remain over the country’s ability to expand manufactured, agricultural and solid-mineral exports.

Ethiopis Tafara Highlights Investment Potential of Lusophone Africa, Urges Countries to Turn Opportunities Into Jobs
Ethiopis Tafara, vice president of the International Finance Corporation (IFC), has highlighted the economic potential of Portuguese-speaking African countries, calling for stronger regional cooperation, greater mobilization of private capital and investment that generates jobs and promotes inclusive growth. Speaking at the opening of the second edition of the Lusophone Africa Investment Forum, held on Sal …
More from Oluwatomisin Amokeoja

Nigeria Tracks 53 Ebola Contacts As Health Authorities Intensify Outbreak Response
Nigeria has identified 53 contacts linked to its first confirmed case of Bundibugyo Ebola disease in more than a decade, as health authorities investigate the source of an infection detected in the capital, Abuja. The Nigeria Centre for Disease Control and Prevention (NCDC) said Sunday that the patient, a 42-year-old woman who recently traveled from …

New $5 Billion Energy Bank In Africa To Bridge Financing Gap
The African Export-Import Bank (Afreximbank) and the African Petroleum Producers’ Organisation (APPO) have formally established the Africa Energy Bank (AEB), creating a continent-backed financing institution aimed at addressing Africa’s energy investment shortfall as international lenders reduce exposure to fossil fuels. The announcement was made at the bank’s inaugural general meeting in Abuja on October 31, …

Africa’s Financial Markets Improve, But Index Shows That High Borrowing Costs Persist
Africa’s financial markets are becoming more developed, but high borrowing costs, limited liquidity, and foreign exchange constraints continue to hamper businesses’ access to affordable financing, according to the 2026 Absa Africa Financial Markets Index. The index’s 10th edition, produced by the Official Monetary and Financial Institutions Forum (OMFIF) in partnership with pan-African financial services provider …
Recommended
The Daily Brief





