INVESTMENT

Investment In Brief:

- Speaking as panelists at a recent event filmmaker Abius Akwaake, Edwin Kanguatjivi, director of the Namibia Film Commission and Mushitu Mukwame, from the Namibian Broadcasting Corporation, all agree that the Namibia film industry has a long way to go because it requires a lot of money but finding sponsors and financial resources is a mammoth task.For his part Kanguatjivi said the lack growth of the film industry is largely due financial constraints. The Namibia Film Commission is a statutory body established by an Act of Parliament, Act No. 6 of 2000 to promote and develop the Namibian film industry, while at the same time regulating and encouraging international film productions. However his budget by itself is not enough to make a difference.

- There are strong indications that the huge media debts which have bedevilled the advertising industry in Nigeria are about in part to be laid to rest. This was the message emanating from the Advertising Practitioners Council of Nigeria (APCON ) House, as the Special Committee on Media Debts Issues (ASCOMDI), may have recorded significant progress in getting agencies which owed some of these debts to settle their creditors. Dr. Chris Doghudje, APCON Chairman at a briefing regretted the bad image which the so called huge debt has given the advertising industry and expressed the council's resolve to reclaim the integrity of the advertising profession by satisfactorily resolving the issue within the shortest possible time.

- Kagiso Media and Lagardère Active Radio International (LARI), a division of France's Lagardère group, announced on 26 February 2008, that they have acquired South African online media agency Acceleration Media for an undisclosed sum. Acceleration Media specialises in online media strategy, planning and buying. Its key areas of expertise are email marketing, paid search marketing, online analytics and ad operations. Based in the US, UK and South Africa, it serves more than 200 customers across a broad spectrum of industries.

- Supersport has signed a US$13.5 million, four-year deal with Kenya Premier League and the money will be used to develop and market the game through the competition in the next four years.

- Uganda’s Vision Group on Monday announced a 55% jump in net profits in the six months to December on the back of increased turnover and effective cost management, a company statement said.

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