Investment News - In Brief
- Venture capitalists from the US and the Netherlands have set their eyes on local animators, film makers and media firms and will be in the country between July 10 and 11 in search of potential viable business ideas they can invest in. The two foreign firms, Acumen Fund and Africa Media Ventures Fund are among six companies that include four Kenyan groups that will be meeting with local film-makers and broadcasters during this year’s 4th Annual Broadcast, Film and Music Africa (BFMA) conference to be held in Nairobi. The Kenyan venture firms are Investeq Capital Limited, 88mph, Speed Capital and InReturn Capital. The firms are said to be willing to invest between Sh1.5 million (15,000 euros) and Sh10.5 million (100,000 euros) for concepts that are viable and have potential high return on investments. Local film-makers and broadcasters as well as other creative content firms will interact with venture capitalists and pitch ideas to attract funding.
- Advertising group TBWA is planning to open an affiliate agency in South Sudan as part of its expansion in east Africa amidst the rapid growth in marketing spending in the region and the entry of multinational firms. TBWA set up its Kenyan office in February and launched in Tanzania in June. It also has a presence in Uganda, as well as partnerships in Rwanda, Ethiopia and Burundi. Back to summary. (Source : How we made it in Africa)