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African entertainment: A foundation for the continent’s success

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entertainment

Storytelling is indeed one of the rocks upon which African culture is founded

JOHANNESBURG, South Africa, October 18, 2023/APO Group/ — 

The entertainment sector provides a unique opportunity to uplift Africa’s people in various different ways. It can improve lives professionally, financially, psychologically, and ultimately even on a unified national level, writes Fhulu Badugela, Chief Executive Officer for MultiChoice Africa Holdings (www.MultiChoice.com).

Entertainment is primarily fun and enjoyable, but it also reflects and creates culture, which binds people together. It is created by scores of highly skilled, talented people working in several adjacent industries. In addition to this, entertainment fires passion and enthusiasm, which not only creates strong business demand, but it can also be used to inform, educate and inspire positive behavioural change. 

As a business intimately involved in the production and distribution of African entertainment content, Africa Magic (https://apo-opa.info/46MTSkq) is invested in the industry in multiple ways. We have also gained a deep understanding of our audience, our people, the society in which we operate, and the overlapping relationship between these stakeholders.

The investment we have made in our industry has come to transcend the financial. When MultiChoice Africa established Africa Magic in 2003, it was certainly because we saw an opportunity in the market. But the sheer passion of our audiences across Africa made us appreciate the role our content plays in people’s lives, and the opportunities this creates.

It’s helped us to see a bigger picture. We’ve come to understand that through Africa Magic, its channels and its shows, we can enrich lives across the continent. We can grow, amplify and multiply Africa through the power of entertainment.

From where we started as a provider primarily of Nollywood movies through a single channel, we’ve grown to where we can deliver a wide range of content on seven highly popular channels.

Through shows like Big Brother Nigerian Idol– our longest-running TV series, or the wildly popular Battleground, Africa Magic has been able to produce more than 25 000 hours of authentic Nigerian content in English, Yoruba, Hausa and Igbo, which we now broadcast to 42 African countries.

This pan-African penetration underscores Nigeria’s position as an African entertainment leader – in terms of consumption and production.

It’s a position the country is consolidating, through our growing global presence as a cultural force, through music artists like Wizkid, Burnaboy, Tems and Davido; writers like Chimamanda Ngozi Adichie, Ben Okri and Wole Soyinka; and our filmmaking output which is now appreciated across our continent and beyond. 

It hasn’t been easy getting to this point, and we have faced numerous challenges along the way.

Among these was the marginalisation of African content – on the global scene, and on the continent. Even quality screenwriting and compelling productions were overlooked, and not given the respect they deserve.

When MultiChoice Africa established Africa Magic in 2003, it was certainly because we saw an opportunity in the market

To address this, discrepancy, and to provide a platform to celebrate African excellence, we launched the Africa Magic Viewers’ Choice Awards (AMVCAs) (https://apo-opa.info/402JCSX). Now entering their 10th year, the AMVCAs recognise the creativity, talent, and quality of African film.

The awards have played a direct role in inspiring professionals within the industry and elevated the production standards in our industry.

The show itself has also had an economic impact. As such, it forms a microcosm of our industry – driving economic growth, while it entertains, inspires and launches careers.

The recent AMVCA Impact Report 2013-2023 (https://apo-opa.info/3M5wuXD) assessed the impact of the AMVCAs and found that every edition of the event created around 3 000 direct and indirect jobs. Over its nine previous editions, AMVCA has invested a total of ₦9 billion into the event, training, logistics and more.

The event has raised the stature of African film, improving standards, gaining international recognition, securing distribution partnerships, developing talent and growing the African economy. Today, 61.9% of film sector players agree that AMVCA has contributed to the growth of the African film sector, and 76.1% say that AMVCA has helped the international recognition of African films.

The AMVCAs are but a single expression of how the creative sector can capture the popular imagination and also make a direct impact on people’s lives.

This has been a great learning for us, and it has inspired us to launch further initiatives to improve lives through what we do, to “multiply to the power of entertainment through the power of our people”, as we like to say.

The MultiChoice Talent Factory (MTF) (https://MultiChoiceTalentFactory.com) is a continent-wide skills-development initiative with its West African academy in Lagos. Through training, masterclasses and industry networks, it upskills young filmmakers, and empowers them to direct their love for production and filmmaking into our industry.

Several MTF alumni are now already working in our sector, producing the content that has made Africa Magic an African success story.

As Africa Magic celebrates the 20th year of its existence, I remain convinced that the entertainment sector provides a powerful platform for building partnerships and global networks.

It all starts with telling African stories for African people. As we embrace our own narratives, and take ownership of how that narrative is shared, we unlock the power of Africa’s people. That is the true African Magic: our people.

Entertainment inspires our people, it grabs their imagination and it motivates them to aspire for more, for better. Across our sector – be it in the music, film, writing, television production or commercial space – we can drive social progress by taking African stories to the world.

Entire economies have been built upon that. Entire philosophies. Storytelling is indeed one of the rocks upon which African culture is founded. Let’s continue to build a new era of African success upon the same foundation.

Distributed by APO Group on behalf of MultiChoice Group.

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Ministers among hundreds of energy-sector leaders to attend AOW event

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Sinclair

The event kicks off with an invitation-only ministerial symposium focused on the theme of “Fostering innovation, attracting investment, and promoting sustainable growth in the oil, gas, and energy sectors”

CAPE TOWN, South Africa, October 4, 2024/APO Group/ — 

AOW: Investing in African Energy (https://AOWEnergy.com) – Africa’s leading oil, gas and energy event – has confirmed attendance for more than 80 ministers and senior officials, representing African governments, energy departments and regulators at next month’s event.

These influential stakeholders will be among the more than 1 600 senior delegates and industry leaders who will be attending the event to develop policy, share discoveries, secure investment, and shape Africa’s energy future.

The event kicks off with an invitation-only ministerial symposium focused on the theme of “Fostering innovation, attracting investment, and promoting sustainable growth in the oil, gas, and energy sectors.”

Given the recent major oil-and-gas discoveries across Africa, the energy transition and major geopolitical events, it is clear that the energy sector needs positive intervention

Among the officials and government ministers attending will be energy leaders from South Africa, Nigeria, Namibia, Cote d’Ivoire, Mozambique, DRC, Ghana, Kenya, Madagascar, Eswatini, Uganda, CAR, Guinea Conakry, Guinea Bissau, Ethiopia, The Gambia, Gabon, Malawi, Morocco, Zanzibar, Liberia, Senegal, Congo Brazzaville and Sierra Leone.

In addition, the event will feature high-level delegations from numerous national oil companies, as well as multilateral bodies including the African Union, (AU), African Energy Commission (AFREC), African Petroleum Producers’ Organization (APPO) and the Southern African Power Pool (SAPP).

AOW will see these energy leaders networking with C-suite executives and decision-makers from more than 760 top energy companies at daily networking events, to discuss insights, forge new relationships, and negotiate major energy deals.

“We are so excited to see the calibre of delegates at this year’s AOW event,” says Chief Executive Officer of Sankofa Events, Paul Sinclair. “Given the recent major oil-and-gas discoveries across Africa, the energy transition and major geopolitical events, it is clear that the energy sector needs positive intervention. The high-powered attendance proves AOW is a key platform to enable this intervention.”

Key themes to be discussed at this year’s AOW will be sustainable upstream development; expanding gas value chains; renewables and new energies; adoption of best-in-class technologies; and access to finance.

AOW: Investing in African Energy will culminate in a special anniversary party at Groot Constantia Vineyard to celebrate 30 years of the AOW event.

Distributed by APO Group on behalf of AOW: Investing in African Energy.

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Afreximbank approves US$20.8 million for Starlink Global’s cashew factory project in Lagos

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The facility is expected to promote value addition which will guarantee increased earnings to the company while also fostering the creation of about 400 new jobs

CAIRO, Egypt, October 4, 2024/APO Group/ — 

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has approved a US$20.8 million financing facility for Nigeria-based Starlink Global & Ideal Limited to enable the company construct and operate a 30,000-metric tonne per annum cashew processing factory in Lagos.

We are delighted at this partnership which promises to deliver significant impact on employment in Nigeria

According to the facility agreement signed in on July 22, 2024, Afreximbank will provide the funds in two tranches with the first tranche of US$7.48M going toward capital expenditure for the construction of the factory and the second, totalling US$13.25M to be deployed as working capital for the operations of the factory.

The facility is expected to promote value addition which will guarantee increased earnings to the company while also fostering the creation of about 400 new jobs once the factory becomes operational. It is also expected to support about 40 small and medium-sized enterprises.

Commenting on the transaction, Mrs. Kanayo Awani, Executive Vice President, Intra Africa Trade and Export Development, Afreximbank, said that by supporting Starlink Global to establish a modern processing facility, Afreximbank is making it possible for Africa to add value to its agro-commodities, thereby facilitating exports and subsequent inflow of much-needed foreign exchange into the continent.

“We are delighted at this partnership which promises to deliver significant impact on employment in Nigeria. It will contribute to value creation and to the development of the local community while also improving the lots of smallholder farmers and small business suppliers that will work with Starlink across the value chain,” Mrs. Awani added.

Distributed by APO Group on behalf of Afreximbank.

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Sonangol to Lead Decarbonized Oil & Gas (O&G) Development, Says Angolan National Oil Company (NOC) Head

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Sonangol

Participating in an on-stage interview at Angola Oil & Gas 2024, Sonangol CEO Sebastião Gaspar Martins emphasized that oil and gas remains a core focus for the national oil company

LUANDA, Angola, October 3, 2024/APO Group/ — 

Angola’s national oil company Sonangol reiterated its commitment to driving sustainable hydrocarbon development during the Angola Oil & Gas (AOG) conference this week. Speaking during an “In-Conversation with” session, Sonangol CEO Sebastião Gaspar Martins stated that the company will not abandon oil and gas, but rather advance decarbonized oil and gas development.

We are looking at opportunities in the gas sector and have identified the right partner to develop non-associated gas

By investing in upstream oil and gas production while prioritizing low-carbon projects, Sonangol aims to boost national crude output, while diversifying and decarbonizing the industry. The NOC is focusing efforts on non-associated gas development, as well as alternative energy sources such as solar.

“We are looking at opportunities in the gas sector and have identified the right partner to develop non-associated gas. Gas produced from Angola LNG will be used for the production of fertilizer and we are evaluating the utilization of gas in the south of the country, linking gas with steel industries. We also have a blue carbon project, linked to the reduction of carbon through the plantation of mangroves. We have one area in Luanda and have identified four additional areas for this,” stated Gaspar Martins.

Sonangol has undergone transformation in recent years: following the creation of the National Oil, Gas & Biofuels Agency (ANPG) in 2019, Sonangol transferred its role as national concessionaire and regulator. This transformation has aimed to make Sonangol more competitive and strengthen its capacity as an upstream operator. Concurrently, the government is partially privatizing the NOC, with privatization set to be complete in 2026. This process will enhance financial capacity, allowing Sonangol to drive new upstream projects forward.

“The transformation of Sonangol started several years ago, when we passed the regulatory, concessionaire role to the ANPG. At the time, we transferred almost 600 employees to the ANPG. After that, Sonangol underwent a restructuring program where we created five core business units from 36 different entities – starting with exploration and production. We want to go public, but we want to do it properly. So, we are currently going through all the processes to do this,” stated Gaspar Martins.

Distributed by APO Group on behalf of Energy Capital & Power.

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