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Two Decades of Magic: Africa Magic Turns 20

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2 years ago

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MultiChoice

The platform continues to invest directly and indirectly into the African entertainment industry

JOHANNESBURG, South Africa, October 13, 2023/APO Group/ — 

As it marks twenty years of existence, MultiChoice’s (https://www.Multichoice.com/) Africa Magic channel celebrates two decades of significant expansion as a major platform for African content, and an engine for multiplying Africa’s creative talent.

Launched as a single channel showing mainly Nollywood movies in 2003, Africa Magic has since grown to include seven channels for movies, sitcoms, soap operas, telenovelas, music, reality and magazine shows showcasing quality content by Africans for Africans.

The platform continues to invest directly and indirectly into the African entertainment industry and especially Nigeria, providing skills support and training, as well as a platform for new and established entertainment talent to grow and succeed.

Successful Africa Magic productions such as Africa’s Next Top Model, The Voice Nigeria, Big Brother Naija, and the annual Africa Magic Viewers’ Choice Awards have cemented the platform’s position as a provider of premium entertainment tailored to the tastes of its audience.

Africa Magic commissions series, reality shows, programmes and films in the Yoruba, Hausa, Igbo and English languages, and has already created hundreds of thousands of hours of original local content, pumping billions of Naira’s directly into the creative industry and creating several thousand jobs in adjacent industries.

Popular Africa Magic series Tinsel, for instance, has clocked up to 3,600episodes, making it the longest running telenovela in Nigeria, while employing 1,200 staff and crew, and the AMVCA event creates 3 000 direct and indirect jobs every year.

The social impact of Africa Magic goes far beyond its financial investment. The West Africa academy of the MultiChoice Talent Factory (MTF) in Lagos, for example, is producing the next generation of Nigerian and Ghanaian content professionals.

Through the MTF Academy, the MTF MasterClass Series and the MTF Portal, the platform is already impacting the lives of young film makers, elevating the quality of storytelling and boosting Nigeria’s global image.

We have made an economic impact, but we are equally proud of the social impact that MultiChoice has had

West African MTF alumni are already employed in the industry, having set-up production companies, working to produce local content for the Africa Magic pipeline.

“We understand that the proof of the success of the MultiChoice investment in Nigeria lies in how it improves the quality of people’s lives,” says John Ugbe, CEO of West Africa, MultiChoice. “This is why we invest in people, so that they might multiply the impact we can have through the power of entertainment.”

MTF alumni have moved into production roles in major Africa Magic shows. Uchenna Ugwu has served as head writer on Africa Magic Igbo’s first commissioned TV series, Nwanyị Ike, and worked as a writer and script editor for Wura, the Nigerian adaptation of The River, and Covenant.

Fellow MTF graduates Horla Manuvor Jnr. and Teniola Oyelumade have launched a company, Gray Space, which was commissioned by MultiChoice Nigeria to handle live stream production for two Nigerian start-ups participating in the MultiChoice Africa Accelerator programme.

The Accelerator programme is another example of how MultiChoice is investing in multiplying the social impact in Nigeria. The programme invites applications from social-enterprise start-ups across Africa, and culminates in a finals event in Dubai, where shortlisted start-ups present their business plans to a panel of investors.

Two finalists were chosen from Nigeria. Dojah Inc is an end-to-end personal identity verification and compliance framework that supports digital businesses. Crop2Cash is a digital financial service that allows smallholder farmers to open a bank account on their feature phones in under two minutes, with no internet required.

“As MultiChoice Nigeria celebrates Africa Magic’s 20th anniversary, we recommit ourselves to not only growing our people but also growing our industry and its talent,” says Ugbe. “We will continue raising our standards and developing our people. As an African content provider, we see our role as being to add value to our community through the power of entertainment.”

Ugbe said the investments MultiChoice Nigeria had made in the country since its establishment in 1993, had been shown to have a ripple effect on the industry, and the economy at large.

“We have made an economic impact, but we are equally proud of the social impact that MultiChoice has had,” he says. “Through decades of engagement, we have grown a deep understanding of our audience, and we are committed to continuing to enable quality African storytelling that reflects their interests, their hopes and their aspirations.”

“We’re all about improving the quality of people’s lives through what we do,” says Ugbe. “We have been humbled to see our audiences respond to that, and we look forward to many more decades as part of the African entertainment landscape.”

Distributed by APO Group on behalf of MultiChoice Group.

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

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2 days ago

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February 6, 2026

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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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February 6, 2026

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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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February 6, 2026

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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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