China investing millions in Africa’s digital switchover

The China Africa Development Fund and China Development Bank have committed to invest large sums of money in the digitalisation of TV in African countries.

Chinese news source China Daily quotes Chi Jianxin, president of the China Africa Development Fund, as saying at a seminar organised by Beijing-based private media group StarTimes that the development fund has already invested US$ 100mn since 2007, and has earmarked a further US$ 50mn for the project.

Source: Via ChinaDaily

NaShakaraTV, new online video platform for African culture

Founded in February 2010, NaShakaraTv has established itself as being a leading broadcaster for music and entertainment in Africa, allowing billions of people to discover watch and share, authentic creative videos, images and news feeds online. NashakaraTv provides an entity for people to connect, inform, and inspire others across the globe and acts as a distribution platform for original content creators to advertise their work / finding.

Source: Sept 2012

France: Group plays down the closure of cinema halls in Africa

The president of the African Network of Promoters and Cultural Entrepreneurs (RAPEC), John Dossavi, on Monday played down in Paris the closure of cinema halls in Africa and pleaded for a new policy on cinemas. 'I am naturally not for the closure of cinema halls. But I take the view that the problem is not so much the wave of closures as the absence of African films that reflect African realities and respond to the demand on the continent,' he said in an interview with PANA.

Source: Afriquejet - Pana 11/09/2012

Investment News - In Brief

-'Rollaball' movie which features Ghanaian polio survivors pioneering extreme sports with a combination of skating and soccer - mentioned in our last August 2012 edition - is celebrating completion of its first week on crowdfunding platform Kickstarter ($5700 - 16% funded). On this occasion, the South African filmmakers share an action clip  which showcases the Rolling Rockets' skills on their skateboards. On 5th Sept.

Nigeria: JIBWIS to Launch Islamic Satellite TV Channel

National Chairman of Jamma'ati Izalatil Bid'ah Wa'iqamatis Sunnah (JIBWIS) Shiekh Abdullahi Bala Lau says arrangement has been concluded by the sect to launch its television station to be called 'Sunnah TV' which will be broadcasting through a television channel via satellite for the propagation of Islam.

The chairman said at the opening ceremony of the 16th JIBWIS National Qur'anic Recitation Competition in Minna, Niger State yesterday that a test run transmission of the channel had already been conducted.

Source: New Trust Aliyu M. Hamagam 10 Sept. 2012.

Changes at Canal+ and Canalsat in Africa

Since 3 July 2012, Canal + has become a unique and accessible offer with or without Canalsat at 10,000 CFA / Month only. In addition and to maxime viewers' comfort zone, Canal + Africa now offers two innovative Canal + channels specifically dedicated to subscribers whether they live in West Africa and Central Africa: "Canal+Ouest" and "Canal+Centre".

Source: July 2012

AfricaCast cements its status as a major broadcast event in Africa

AfricaCast brings together the continent's biggest broadcasters and TV stakeholders and will take place on 14th-15th November 2012 in Cape Town Convention Centre, Cape Town, South Africa.

Source: Informa Aug. 2012 - Stephen Scott.

'The Wild' TV series not renewed by M-Net

South African pay-TV broadcaster M-Net has announced that it will not commission a third series of its location-based soapie, The Wild, due to high production costs, unsatisfactory ratings and issues around the location itself. The Wild, which was launched in April 2011, will come to an end on the M-Net channel in March 2013.

Source: - 7 Aug 2012

Investment News - In Brief

- Investments in Tencent Holdings Ltd. (700), China’s biggest Internet company, and (MAIL), the largest Russian-language Internet firm and a 1.5 percent owner of Facebook Inc. (FB), account for almost 90 percent of Naspers’ $23 billion market value. That calculation puts a price tag of about $2.7 billion on Naspers’ media operations -satellite and cable TV across Africa, broadcast rights to English Premier League soccer, South Africa’s biggest newspaper, and dozens of other businesses in 133 countries from Argentina to Zambia. 

Extreme sports film from Award-winning South African filmmakers using crowd-source funding

Inspiring Ghanaian polio survivors pioneer extreme sports combination of skating and soccer / Award-winning South African filmmakers crowd-source funding via Kickstarter for the documentary

Skate soccer won’t be featured at this month’s Paralympics, but a new documentary aims to raise the profile of the bruising new sport.

Rollaball will tell the story of The Rolling Rockets, an inspiring team of Ghanaian polio survivors who are pioneering an extreme sport combination of skating and soccer.

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