Investment - in Brief

Investment

- Samsung (March 18, 2013) announced that it has concluded an agreement with the Ethiopian government to establish an assembly plant in the country over the next few months. The announcement was made during the Fourth International Samsung Conference in Cape Town, South Africa. According to Samsung Electronics East Africa's Chief Operating Officer, Robert Ngeru, Samsung has also finalized agreements to assemble television sets and refrigerators in the country. Additionally, by partnering with MultiChoice Ethiopia, Samsung plans to offer consumers purchasing Samsung Televisions an inbuilt decoder. Accordingly, Samsung customers will get a free decoder with every purchased television set, thereby enabling them to enjoy the benefits of digital TV immediately. Source: All Africa

- Nigeria, 14 March 2013: Voice of America (VOA) has launched a new SMS news service that will allow mobile phone users to get up-to-date VOA news headlines and emergency messages through three of its major mobile providers in the country. The agreement was signed in Abuja recently, by VOA Director, David Ensor and CEO of the VOA mobile content aggregator, 70th Precinct Limited. Full story here:

- On 20 March 2013, Spacecom - operator of the AMOS satellite fleet, announced that DAAR COMMUNICATIONS PLC., has recently launched DAARSAT, its satellite TV service, on the AMOS-5 satellite located at the 17°E prime orbital position. DAARSAT is the eighth Nigerian DTH (Direct-to-Home) service on AMOS-5. DAARSAT is now available to all of Nigeria as a stand-alone digital TV service. It joins fellow Nigerian DTH services Infinity and HiBand, among others, on AMOS-5.

- South Sudan: The Ministry of Information and Broadcasting last December 2012 signed an agreement with ZTE to assist South Sudan TV to migrate to digital system to comply with the requirement as set by the rest of the world in 2015. According to the December agreement, phase one of the project is worth 51 million US dollars to support equipment and infrastructural aspects of the project. The minister for Information and Broadcasting, Dr Barnaba Marial Benjamin earlier said this 51 million US dollar project of digitalization will be funded by the government of the Peoples Republic of China. Full story here:

- The youth press team challenge for 2013 is to ‘tell a new story’. The Ischoolafrica teams have taken it very seriously and produced content related to support Human Rights and the #StopRape campaign. It have also had a busy time with youth press team workshops and participation in the Generation Earth Summit. Take a look at the videos here