South Africa’s Naspers (NPNJn.J) does not plan to spin off its $114 billion stake in Tencent, its boss said on Monday, a push back against investors urging a break-up to close a widening discount between its market value and that of its one-third stake in the Chinese internet company.
Naspers Ltd. will approach investors in the U.S. and the U.K. this about a bond issue as Africa’s biggest company by market value continues its acquisition-hungry quest to expand its internet businesses.
Africa’s largest economy, Nigeria, has embraced the challenges of creating a film industry – Nollywood – that is markedly authentic, undeniably bold, and unapologetically true to its roots.
He has a staggering seven nominations at the Billboard Music Awards and will come to the UK to headline festivals this summer.
MTN is in talks on a potential acquisition of pay-TV provider MultiChoice Africa, MyBroadband reports citing industry sources.
Last month the romantic comedy The Wedding Party became the first movie from Nigeria’s growing film industry to break 400 million naira ($1.3 million).
How do you get from a talk show sofa to boardroom chair? If you ask Mosunmola “Mo” Abudu, it’s being motivated by an eagerness to dispel ignorance – more specifically about Africa.
In the battle to become the preferred video content streaming service by a majority of Africans, content servers are the weapon of choice.
Bastian Gotter is the Co-Founder of iROKO, the VC-backed African entertainment and tech company that has single-handedly changed the face of Nollywood content distribution.
Sony Music Entertainment sees big growth prospects for music streaming in Nigeria, thanks to falling internet data costs and a large, growing population, a senior executive told Reuters.
Typical ignorant and condescending coverage commonly associated with the Western media’s coverage of #Africa
Econet Group is building a broadcasting empire that could challenge MultiChoice’s dominance in the payTV market across the continent.
I’m at a traffic light, downtown Atlanta last summer and I notice a car that has also stopped for the light beside me playing really loud music.
News of Netflix’s expansion to Africa (and pretty much the rest of the world) in January was met with excitement on the continent.
With more than half the population of Africa under the age of 18, networks are looking for more ways to target young audiences with cross-platform content, hoping to grow today’s generation of increasingly connected African youths into tomorrow’s brand-loyal consumers.
Fifteen years ago, a South African media company invested $34 million in an obscure Chinese Internet developer. Today that stake is worth $88 billion.
The name Linda Ikeji strikes fear into many a Nigerian celebrity. They’re often petrified their secrets are about be revealed in the powerful one-woman gossip machine that has dominated online media in Nigeria for the last decade.
Kwesé TV, a sports website owned by Econet Media, has partnered with American cable TV channel ESPN in a deal which will see Kwesé exclusively air hours of licensed content from ESPN including its iconic SportsCenter show across 19 countries in Africa.
Ngũgĩ wa Thiong’o did not win the Nobel Prize in Literature, yet again. For years, the Kenyan writer has topped the list of contenders at betting sites, rivaling Japanese novelist Haruki Murakami, or with the case this year, American novelist Don DeLillo.
A music video released this month by Luket Ministries, an Oklahoma missionary group working in Uganda, features five white women in traditional Ugandan dresses dancing with plastic jerry cans, knocking back deworming tablets, and eating sukuma wiki, or kale, with their hands.
As she lay on the hospital bed, weak and coughing, Dr Stella Ameyo Adadevoh wished her son a happy birthday over the phone. She asked him about his birthday presents and insisted his dad buy him a cake, after all, what’s a birthday without cake?
Nigerian filmmakers, producers and actors are hoping a spotlight on Lagos at this year’s Toronto International Film Festival (TIFF) will open Nollywood up to the world.
‘An African City’ is a television and web series that tells the story of five young, single and successful African women who have resettled in Accra, Ghana after living abroad for many years.
“Lagos is entirely unique,” said Cameron Bailey the programme curator in a statement. “The city of Fela Kuti’s music has also given birth to one of the world’s most vibrant film industries.
I’ve lived back in Nigeria for six years now, fully entrenched in the ways, means and cultural idiosyncrasies of doing business in Africa’s largest economy. Or so I thought …
Increasing ownership of digital devices is prompting Nigerians to explore new modes of content consumption. They want freedom and flexibility and this is manifested in the popularity of digital media and online content.
If you’re a writer of African descent, and you’re plugged into the literary or media scene, you’re probably aware of the term ‘Poverty Porn’.
If there is one media narrative about Africa that refuses to be squashed, it’s the White-Savior-in-Africa bug.
From Nigerian fintech to East African fiber, several exciting and diverse companies are emerging as IPO contenders in Africa’s rapidly growing Technology, Media & Telecommunications (TMT) sector, according to specialist news provider TMT Finance.
ShowMax, the video streaming service from emerging markets media giant Naspers, is launching its offering in 36 African markets.
Lagos is a city with a vibrant music scene and is, arguably, the music capital of Africa. When Sony Entertainment, one of the world’s largest record labels, decided to start operations in West Africa, the company turned to Michael Ugwu to be its General Manager.
As Nigeria’s tech space has matured over the last few years, it has drawn the attention—and money—of curious investors.
London has long been one of the world’s most influential pop culture centers, particularly with fashion and music.
On a recent trip to Spain, Nigerian media mogul Mo Abudu seemed to be losing sight of what was meant to be a short retreat.