investment

In Brief - Investment

 Investments at FESPACO 2011: Fespaco, the largest gathering of African cinema to be held from February 26 to March 5, 2011 in Ouagadougou, Burkina Fasso will be bigger again this year. New investors, content sellers and buyers, and media companies are expected to present innovations and digital opportunities. The event is supported by the country’s state and international organisations. Organisers have also added new features such as a new international jury and partnership with four African film schools. Filmmakers have until Jan. 31 2010 to send copies of their productions.

Grass Valley acquisition complete

Francisco Partners have completed their acquisition of Grass Valley Broadcast & Professional (active in Africa) from Technicolor.

As of January 1st 2011, the California-based firm started operating as an independent company under the trade name Grass Valley, with terms of the sale including 100 percent ownership of the current Grass Valley Broadcast & Professional business. 

Source: Grass Valley

Naspers stake in Facebook worth $343m

South Africa-based multinational media conglomerate Naspers has an indirect stake in Facebook worth $343 million (R2.3 billion) following a multimillion-dollar injection into the social-networking site by US bank Goldman Sachs and Russian investment firm Digital Sky Technologies (DST).

This funding boosted Facebook’s value to $50bn. Naspers owns 30 percent in Mail.ru, Russia’s leading internet group, which in turn owns 2.4 percent of Facebook through its sister company DST.

Source: Reuters

Investment - In Brief

- Capital Market authorities have approved a proposal by the Nation Media Group (NMG) to cross list its shares on the Dar es Salaam Stock Exchange (DSE).

- At the end of 2010, French telco SFR has added a number of new channels to its IPTV service 'Neufbox TV'. The new channels include RTG1, the main TV channel of the French-speaking African state of Gabon.

- Afrik.com is about to launch its new webTV. The media company plans to film in HD to allow TV channel to purchase and broadcast its videos. “The webTV should be launched around mid Jan. 2011” said Antoine Ganne.

Uganda: Pay TV Services Get to Mobile Phone

For decades, a number of technological innovations have been undertaken to ease access to information through use of phones, desk top computers, laptops and radios.
With the advent of pay digital television services into Uganda, a new era of phone aided mobile television is taking hold.

All that is required of a subscriber is having a TV receiver dual sim card phone, so that one card provision is for telephone service provider and the other for the pay TV operator.

Source: New Vision

Gambia: Ben TV Presenter Optimistic country’s investment prospects

Gambia got a tap on the back from Gambian-born Waka Jagne, who runs the famous "Talk Senegambia Show" on Ben Television, a UK-based black and ethnic-oriented diverse and cosmopolitan channel. The Talk Senegambia show anchorman Waka Jagne disclosed that they were in The Gambia to do a documentary about the country, which will be featured on Ben Television in the United Kingdom.

Source: The Daily Observer

Investment News - In Brief

- The latest addition to the Zoopy TV line-up is a custom online and mobile video show for Exclusive Books, called Exclus1ves TV, which delivers short-form videos to book fanatics keen to find out more about their favourite authors or new titles moving up the bestseller list.

East Africa: Tigo Partners with DStv to ease Payments

In Tanzania, mobile company Tigo (part of Millicom International Cellular S.A., and established in 1994 in the country), has partnered with DStv to provide Tigo Pesa registered customers to subscribe to the television services using their handsets.

Source: Ally Hamisi - 15 November 2010 - East African Business Week (Kampala)

Google TV could be launched in South Africa

Internet giant Google plans to roll out its internet TV service around the world starting next year - and it might be heading for South Africa. Google launched Sony Internet TV in the US last month and viewers there are now able to watch TV and browse the internet on the same screen at the same time using a wireless internet platform.

Source: 19 NovemberSource: 2010.Source: http://www.timeslive.co.za - by Amulekani Chauke

Investment Nes - In Brief

- The West African Cinema, Related Arts and Cultural Industries Development Fund (WACRACID fund), is offering five hundred thousand ordinary shares at a price of USD 5 per share to the general public on the African Continent and in the Diaspora.

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