investment

Investment - In Brief

- Universal Networks International announced 16 May 2011, its support for Focus Features' Africa First initiative that aims to bring African filmmakers to industry attention. Universal Channel in Africa will be promoting the initiative through an on-air campaign and on its website.

Ethiopia: A Film Festival strengthens ties between India and Africa

Indian culture is becoming increasingly popular in Africa. Films from "Bollywood" are on this continent particularly popular. A festival has been established in Ethiopia to meet this demand.

 India seeks to establish its presence in Africa. Indian cinema, Bollywood is a massive industry that gets a very positive response worldwide, and particularly in Africa, at the expense of local production. Festival organizers believe that the delegates are here to fulfil large contracts and that India has the opportunity to show its strengths in Ethiopia.

Source: CCTV

Kenya: Script changes in broadcast and film industry

Kenya's broadcast and film industry is set to get a major boost through a government initiative to promote the country's underutilised creative content economy to earn the country more jobs and create wealth. The Creative Content Task Force, an initiative of the Kenya ICT Board, has been formed to spearhead the promotion of the residual capacity and economic potential of the sector.

Source: CapitalFM Kenya.

Investment - In Brief

- At Cannes festival, Doha Film Institute (DFI) executive director Amanda Palmer said that DFI has awarded five post-production, 12 production and eight development grants for filmmakers from the MENA region. Recipients are from Egypt, Algeria, Lebanon, Palestine, Syria, Jordan, Tunisia and Morocco. The selected projects include sports and family themed-films centred on self-realisation and survival, films celebrating freedom of expression in the Middle East, nostalgic tales of love, longing and relationships, and political dramas about the effects of civil war, DFI said.

Angola: Government to build 25 media libraries by 2015

The Deputy Minister of Telecommunications and Information Technology, Pedro Sebastião Teta, Wednesday, in Lubango, Huila province, said that the Government intends to build over the next four years 25 multimedia libraries, a project estimated at USD 100 million.

Speaking to press at the presentation of the construction sketch of the media library of Lubango, the government official said that the project will be implemented in four phases, taking into account the patterns applied by the Media Libraries Network Commission that was recently created by the Government.

Source: Angola Press

Nigeria: StarTimes Hits 400,000 Subscriber Base

Latest entrant to the Nigerian Pay TV market, popularly known as StarTimes, has grown subscriber base to 400,000 in barely 10 months in operation in Nigeria.

Speaking in an interview with Daily Champion in his office at the weekend, Advert/Publicity Manager of the group Chidi Celestine Umeibe said tremendous progress has been made in the last 10 months of service delivery, noting that NTA-Star Television Network Limited, owners of StarTimes Pay TV platform in Nigeria has given Nigeria course to access TV entertainment with ease.

Source: Daily Champion

Investment - In Brief

- Pan-African radio station Africa No. 1 has lost its signal end of April 2011 except in Ile de France (Greater Paris). Satellite operator Eutelsat put an end to its broadcast because of unpaid bills valued at nearly $ 200 million CFA francs, partly due to the blockage of a Libyan investment by sanctions on the regime. Source: daily ‘Union’ newspaper, 27 April 2011.

- Set-top box manufacturer and Altech subsidiary UEC has unveiled a 25% (plus one share) empowerment deal with three black-led investment businesses. The value of the transaction has not been disclosed.

Visabeira to invest 6 Million Euros in Fibre-To-The-Home in Beira, Mozambique

9 May 2011: The Portuguese company Visabeira is investing six million Euros (about 8.7 million US dollars) in the Mozambican cable television company (TV Cabo Mocambique) to expand the fibre optic network, to cover about 11,000 homes in the central city of Beira, according to a report on Radio Mozambique.

Source: AIM

Uganda: Policymakers at odds over DVB-T1 or DVB-T2

Last month, Aggrey Awori the minister for information and communication technology (ICT) told the media that Uganda is eyeing the Digital Video Broadcasting Terrestrial (DVB T) standard in its migration. DVB T, is the first generation system of relaying audio and video content in digital format. At least 60 countries and 200 million households around the world have embraced this technology according to www.dvb.org.

Source: The Monitor

Investment - In Brief

- The advance of digital media advertising and online marketing is reaching a tipping point in the Middle East and North Africa (Mena) region, says Google. With 85 million of the Mena's total population of 337 million now online, digital advertising is expected to grow by 45 per cent in 2011. Ari Kesisoglu, Google's managing director for the Middle East and North Africa, said, digital advertising in 2010 in the region amounted to $120 million (Dh440.4 million), up from $30 million in 2007. This year, it will reach $175 million, he said.

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