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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.

Events

As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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