investment

Investment - In Brief

- Africa24 confirmed to Balancing Act that the French-speaking international news channel will launch its English version early 2013.

- Multi-Play packages (fixed/mobile telephony, Internet and TV) offers are a good way for those in Africa with fixed networks to add revenues. Investments required to set up those offers in Africa may be stifled by regulation that looks at the future through the rear-view mirror: read the full story here.

South Africa: small price increase for Top TV

Prices for Top TVs packages will increase on 1 July 2011, the satellite pay TV operator has confirmed.

Top TV explained that the increase in pricing is an “inflationary adjustment which any business faces when dealing with rising operational costs.” The cost of content and other rising prices contributed to a rise in operational costs, Top TV said.

Top TV said that one should consider that they have managed to keep off this adjustment until month 14 of their operations.

Source: Mybroadband.co.za

8th African Film Festival of Tarifa gave 8 African movies 46,500 euros

The 8th African Film Festival of Tarifa (FCAT) awarded eight new African movies with awards endowed with 46,500 Euros. The festival jury selected winners from more than 140 movies from 23 African countries.
 
1.    The award for the best feature-length movie (15,000 €) goes to “Microphone”
(Ahmad Abdalla, Egypt)for its energy and shedding of light on the potential of the new Egypt and also because it reflects the role of art in political and social change.

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.

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