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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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Nigeria’s Upstream Reform Program Captures 40% of Africa’s Final Investment Decision (FID) Activity After a Decade on the Margins

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A government three-year review documents how executive action under President Tinubu reversed a decade of upstream decline

JOHANNESBURG, South Africa, May 8, 2026/APO Group/ –Nigeria has gone from capturing 4% of Africa’s upstream final investment decisions (FIDs) to commanding 40% in two years, according to Nigeria’s Energy Sector Reforms 2023-2026: A Three-Year Review, published by the Office of the Special Adviser to the President on Energy and spearheaded by Special Adviser Olu Verheijen. The $50 billion project pipeline now in development beyond 2026 points to sustained capital commitment at a scale not seen in the Nigerian upstream for at least a decade.

 

Between 2014 and 2023, Nigeria was among the continent’s weakest performers for upstream FIDs despite holding 37.5 billion barrels of proven oil reserves, the second-largest endowment in Africa. Algeria captured 44% of African upstream FIDs during that period, Angola held 26%, while Nigeria trailed Mozambique, Ghana, Senegal and Namibia. In the third quarter of 2022, crude production briefly dropped below one million barrels per day, as years of underinvestment, pipeline vandalism and regulatory ambiguity compounded each other. However, reforms instituted by Nigeria’s President Bola Tinubu have dramatically turned this trend around. Through deliberate and coordinated steps, the government has reset the trajectory.

Addressing Fiscal Terms, Regulatory Scope and Contracting Speed

President Bola Tinubu’s administration moved simultaneously on fiscal terms and regulatory architecture. Policy directives in 2023 clarified the boundary of jurisdiction between the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), resolving an ambiguity that had complicated project sanctioning. Presidential Directive 40 introduced targeted tax incentives, and a separate Notice of Tax Incentives for Deep Offshore Production in 2024 was designed to draw international oil companies (IOCs) back into capital-intensive, long-cycle deepwater projects. The VAT Modification Order 2024 and Upstream Cost Efficiency Order 2025 addressed the cost structures that had rendered marginal projects uneconomic. NNPCL contracting timelines were compressed from 36 months to a maximum of six months.

Four Divestments Transferred Onshore Control to Indigenous Operators

In parallel, the administration deployed targeted security directives and accelerated ministerial consents for four IOC asset transfers. Renaissance acquired Shell’s onshore portfolio. Seplat Energy completed its acquisition of ExxonMobil’s Nigerian upstream interests. Oando took over from Agip, and Chappal acquired Equinor’s local assets. The four transactions totaled approximately $4 billion. The transfer of onshore and shallow-water blocks to indigenous operators contributed directly to production recovery. Output rose by approximately 400,000 barrels per day between 2023 and 2025 to reach 1.6 million barrels per day, the highest onshore production level in 20 years.

When a government rebuilds fiscal competitiveness and regulatory predictability at the same time, capital responds

Signed Projects Total $10 Billion, With a $50 Billion Pipeline Beyond

The reforms produced a concrete FID response from Shell and TotalEnergies. Shell Nigeria Exploration and Production Company (SNEPCo) sanctioned the $5 billion Bonga North deepwater development in December 2024 and committed a further $2 billion to the HI Non-Associated Gas (NAG) project. TotalEnergies and NNPCL took a joint FID on the $550 million Ubeta gas field development in June 2024.

Together those three commitments account for more than $10 billion in signed investment after a decade of near-zero sanctioning activity. The pipeline beyond 2026 spans a further $50 billion across 11 projects including Bonga South West, Owowo, Usan and Erha. Nigeria approved 28 field development plans valued at $18.2 billion in 2025 alone, targeting an estimated 1.4 billion barrels of reserves.

“When a government rebuilds fiscal competitiveness and regulatory predictability at the same time, capital responds,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “Nigeria has done both, and the FID numbers are concrete proof.”

The Counterfactual Illustrates How Much Was at Stake

The presentation includes a no-reform projection that puts the gains in context. Without intervention, total crude and condensate production was on track to fall from 1.371 million barrels of oil equivalent per day in 2022 to 579,000 by 2030. Under the reform trajectory, output reached 1.77 million barrels of oil equivalent per day in 2026, with a stated government target of 3 million barrels per day. Export gas utilization rose 39% over the same period, while domestic utilization grew by 7%.

The durability of these gains will be tested by two factors: whether the institutional architecture put in place under the Tinubu administration holds over the long term, and whether the deepwater commitments signed in 2024 and 2025 advance to execution on schedule. The project pipeline is large enough that partial delivery would still represent a generational shift in Nigeria’s upstream output profile.

 

Distributed by APO Group on behalf of African Energy Chamber.

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Angola Strengthens Global Investment Drive Across Oil, Gas and Mineral Resources

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With sweeping reforms across the extractive sector, Angola is entering a new phase defined by transparency, regulatory modernisation, value addition, and international partnership

LONDON, United Kingdom, May 8, 2026/APO Group/ –At a defining moment in Angola’s economic transformation, the Critical Minerals Africa Group (CMAG) (https://CMAGAfrica.com), together with the Government of Angola and the Ministry of Mineral Resources, Petroleum and Gas of the Republic of Angola (MIREMPET), will convene global investors, policymakers, and industry leaders in London for the Angola Oil, Gas & Mining Investment Conference on 14 May 2026.

 

More than a conference, this gathering represents a strategic international engagement at a time when Angola is actively reshaping its economic future and positioning itself as one of Africa’s most compelling destinations for long-term investment in natural resources, infrastructure, and industrial development.

With sweeping reforms across the extractive sector, Angola is entering a new phase defined by transparency, regulatory modernisation, value addition, and international partnership. The country’s leadership is sending a clear message to global markets: Angola is open for investment and ready to build transformational partnerships that support sustainable growth and economic diversification.

This is not simply about resource development, it is about building long-term industrial growth, strengthening energy and mineral supply chains, and shaping Angola’s future

The event will be headlined by H.E. Diamantino Azevedo, Minister for Mineral Resources, Oil and Gas of Angola, whose leadership since 2017 has been central to advancing Angola’s mineral and hydrocarbons agenda. Under his stewardship, Angola has accelerated institutional reform, strengthened governance frameworks, promoted private sector participation, and prioritised sustainable resource development.

As global demand intensifies for critical minerals, energy security, and resilient supply chains, Angola is uniquely positioned to become a strategic partner to international investors and industrial economies. The country’s vast untapped mineral wealth, significant oil and gas reserves, expanding infrastructure ambitions, and commitment to economic diversification present a rare investment window for global stakeholders.

Speaking ahead of the event, Veronica Bolton Smith, CEO of the Critical Minerals Africa Group said:

“Angola stands at a pivotal point in its national development. The reforms taking place across the country’s extractive sectors are creating unprecedented opportunities for responsible international investment and strategic partnership. This is not simply about resource development, it is about building long-term industrial growth, strengthening energy and mineral supply chains, and shaping Angola’s future as a globally competitive investment destination. We believe this moment represents one of the most important opportunities for international partners to engage with Angola’s leadership and participate in the country’s next chapter of economic transformation.”

The event is expected to attract a distinguished international audience, including sovereign representatives, institutional investors, mining and energy executives, infrastructure developers, development finance institutions, and strategic partners seeking direct engagement with Angola’s leadership.

Distributed by APO Group on behalf of Critical Minerals Africa Group (CMAG).

 

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The Islamic Development Bank (IsDB) Group Successfully Concludes Private Sector Roadshow in Baku

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Bringing together a diverse range of stakeholders, the Forum showcased IsDB Group services, activities, and initiatives across its 57 member countries, with particular emphasis on Azerbaijan

BAKU, Azerbaijan, May 7, 2026/APO Group/ –The Islamic Development Bank Group (IsDB) affiliates (www.IsDB.org) – namely the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), and the International Islamic Trade Finance Corporation (ITFC) – in cooperation with the Islamic Development Bank Group Business Forum (THIQAH), organized the “IsDB Group Private Sector Roadshow” in Baku, Azerbaijan, in close collaboration with the Ministry of Economy of the Republic of Azerbaijan and the Export and Investment Promotion Agency of the Republic of Azerbaijan (AZPROMO).

 

The high-profile event which took place on Thursday, 7th May 2026, at Azerbaijan’s Ministry of Economy, came as part of ongoing preparations for the upcoming IsDB Group Annual Meetings and Private Sector Forum (PSF 2026), scheduled to take place from 16 to 19 June 2026, under the high patronage of His Excellency President Ilham Aliyev, the President of the Republic of Azerbaijan.

 

Bringing together a diverse range of stakeholders, the Forum showcased IsDB Group services, activities, and initiatives across its 57 member countries, with particular emphasis on Azerbaijan. It highlighted the Group’s ongoing support for private sector development and its efforts to stimulate promising investment and trade opportunities in the Azerbaijani market.

 

The event also served as a unique opportunity inviting the audience to participate actively in IsDB Group Annual Meetings and the Private Sector Forum (PSF 2026). The program included panel discussions and specialized workshops on ways to enhance economic partnerships and the role of IsDB Group’s institutions in supporting the needs of member countries. The spectra of services, solutions and financial tools were also presented, including lines and modes of Islamic financing, trade finance and trade development solutions, corporate private sector financing, as well as risk mitigation solutions plus investment insurance and export credit insurance services.

 

Keynote speakers, in their speeches, underlined strong commitment to deepening engagement with the private sector and fostering meaningful partnerships that drive sustainable economic growth in light of the upcoming IsDB Group Annual Meetings in Baku, all to showcase integrated solutions especially in Islamic finance, trade, investment, and risk mitigation while working closely and collectively with private sector partners to unlock new opportunities, support innovation, and empower businesses contributing to inclusive and resilient development across IsDB Group member countries.

Distributed by APO Group on behalf of Islamic Development Bank Group (IsDB Group).

 

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