INVESTMENT

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. The funds to be generated will be used to strengthen the institutional capacity of WACRACID FUND, support the re-branding of the Nigerian film and cultural sectors, boost the best African creative practices on the Continent and in the Diaspora, fund authentic cultural productions that balance decent returns on investments, creative freedom and cultural responsibility, support joint cross-border, cross-lingual, cross-media and cross-cultural projects, establish a film and arts school in Haiti and, carry out any other activity approved by the Supervisory Council. For more information on getting share certificates contact:  http://www.westafricancinemaculturalfund.africac.org/

- In Nigeria, indications emerged last weekend that the High Definition (HD) broadcast equipment valued at N8.9 billion, ordered for the upgrading of the Nigerian Television Authority (NTA), preparatory to the FIFA Under-17 World Cup tournament hosted in Nigeria last year may arrive by December 2010. (source: Daily Independent in Lagos, Kingsley Ighomwenghian, 7 November 2010).

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