Netflix News

Flutterwave raises over $10 million in series A financing

Flutterwave, an online payments company founded by Nigerian 26-year old, raises over $10 million in series A financing (Infographic)

Flutterwave, which provides modern payments infrastructure for banks and businesses to make and accept payments across Africa, announced on Monday that it has raised over $10 million in a Series A round of funding.

Iyinoluwa Aboyeji, the 26-year old Founder of Flutterwave and Andela

26-year-old founder wants to transform online payments in Africa

Aboyeji is the Co-Founder of Flutterwave, a payments API that makes it easier for banks and businesses to process payments across Africa.

Bob van Dijk, CEO, Naspers

Africa's largest company to start funding roadshow in the US and UK

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.

Nollywood star Linda Ejiofor. Credit: Ike Ude/qz.com

Nollywood is giving the world a taste of true African glamour

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).

Who takes the throne? Credit: qz.com/HBO

ShowMax is stepping up its pan-African battle with Netflix by putting servers in Kenya

In the battle to become the preferred video content streaming service by a majority of Africans, content servers are the weapon of choice.

Reed Hastings, CEO, Netflix

A new Netflix server in Nigeria will deliver faster streaming and content to its African users

News of Netflix’s expansion to Africa (and pretty much the rest of the world) in January was met with excitement on the continent.

Africa Offers Big Potential for Streaming Video

Africa Offers Big Potential for Streaming Video

When the pan-African VOD platform Buni.tv launched in 2012, the Nairobi-based company was one of the first to recognize the untapped potential of the online market on the continent.

Jason Njoku, Founder & CEO, iROKOtv

How iROKOtv's Founder built a Nollywood empire to rival Netflix

Seven years ago, when Jason Njoku moved back in with his mother into their public housing apartment in Deptford, southeast London, he felt like a failure.

Bob van Dijk, CEO, Naspers

Africa's most valuable company Naspers worth less than what it owns (Infographics)

Fifteen years ago, a South African media company invested $34 million in an obscure Chinese Internet developer. Today that stake is worth $88 billion.

IrokoX

iROKO launches IrokoX online portal to showcase Africa's creative talent

Africa’s artists have a new online stage to showcase their talent. Nigeria based digital entertainment startup Iroko has launched IrokoX, a multi-platform Pan-African network for filmmakers, musicians, and other creative aspirants to produce, distribute, and monetize short-form content.

Jason Njoku, Founder & CEO, iROKOtv

iROKOtv: From 'Netflix of Nigeria' to 'Nollywood' producer

When 36-year-old Nigerian entrepreneur Jason Njoku talks about em­bracing failure, he is speaking from experience.

Opeyemi Awoyemi, Ayodeji Adewunmi and Olalekan Olude, Founders of jobs site Jobberman. Credit: Jobberman/theguardian.com

Here are Africa's top 10 tech pioneers

Africa’s digital transformation would be nothing without the tens of thousands of people who have invested, and continue to invest, energy into propelling it forward.

Jason Njoku, Founder & CEO, iROKOtv

Five hardest lessons from a Nigerian startup perspective: Jason Njoku, Founder & CEO, iROKOtv

Below are some musings of an entrepreneur who tends to err on the side of negativity. However, I’m an eternal optimist, really, when it comes to doing business in Nigeria.

Here are 7 predictions for Africa's tech sector

Here are 7 predictions for Africa's tech sector

As Africa transitions from the margins to the mainstream of the global economy, technology is playing an increasingly significant role.

Netflix competitor ShowMax launches in 36 African countries

Netflix competitor ShowMax launches in 36 African countries

ShowMax, the video streaming service from emerging markets media giant Naspers, is launching its offering in 36 African markets.

Nollywood money is big money (Reuters/Akintunde Akinleye)

Nigeria's 'Netflix of Africa' iROKOtv made a 3,000% return for investors

As Nigeria’s tech space has matured over the last few years, it has drawn the attention—and money—of curious investors.

A scene from the movie “Fifty” created by Mo Abudu's EbonyLife TV

Nigerian Media Mogul Mo Abudu Making Most of EbonyLife TV Success

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.

A scene from the Lagos set of “Walking Away”, a film from ROK Studios and Divine Touch Productions.

The Netflix of Africa Doesn't Need Hollywood to Win

Walter Taylaur, a gangly, gregarious Nigerian writer-director, needed a place to shoot his movie, Gbomo Gbomo Express, a low-budget “comedy-thriller.” In the movie, the head of a music label hits it off with a socialite while out on the town in Lagos.

Jumia is one of the leading e-commerce sites in Africa.

African Technology Startups Gaining Attention

The increasingly noticeable discussions of the tech boom taking shape across Africa were recently further bolstered by news about startup financings on the continent.

iROKOtv hopes to chill Netflix Africa plans (Infographic)

When Netflix announced its launch in Africa earlier this year, many assumed the $30 billion streaming juggernaut would steamroller local competitors on its path to global domination.

Jason Njoku, Founder & CEO, iROKOtv

Making money in Nollywood: Jason Njoku, Founder & CEO, iROKOtv (Audio)

Nigeria‘s film and television industry, affectionately known as “Nollywood“, is booming. Now foreign investors are getting interested in funding locally-made content.

Video editors work at the headquarters of iROKOtv in Lagos on March 27, 2014. iROKOtv announced $19 million worth of deals on Monday to triple its content production, which focuses on Nollywood films and TV series. Pius Utomi Ekpei/AFP/Getty Images

Nollywood's biggest streaming service isn't afraid of Netflix

Following its expansion into 130 new countries earlier in January, content-streaming service Netflix is now available in all 54 African nations.

Nigerian businesses target 100% mobile-first market

Nigerian businesses target '100% mobile-first market' (Infographics)

In Nigeria, success for both tech start-ups and more conventional businesses such as banks and fast food restaurants means adapting to the age of what entrepreneurs have dubbed the “100 per cent mobile-first market”.

Jason Njoku, Founder & CEO, iROKOtv

Jason Njoku's iROKOtv raises $19M in series D financing

iROKOtv, an online entertainment platform that targets audiences in Sub-Saharan African countries, plans to strike more deals in Nigeria’s booming movie industry after securing $19 million in funding from French premium cable company Canal+ and Kinnevik, a returning investor.

EbonyLife TV's Fifty

Hooray for Nollywood: 10 Must-See Films From Nigeria

Behind its better known competitors in the U.S. and India, Nigeria has the world’s third-largest movie industry.

A USB key with the logo of Netflix, the American provider of on-demand Internet streaming media. REUTERS/Gonzalo Fuentes

Naspers says it can cope with Netflix challenge in South Africa

Naspers, the largest listed company in Africa, said it was not worried about Netflix’s arrival in South Africa, adding it believed the market for video on demand was large enough to accommodate more players.

Media companies finally understand: The future of African TV is mobile. Credit: qz.com

Media companies finally understand: The future of African TV is mobile

For a while now, media companies in Africa have been betting that the continent’s growing consumer class will pay for their premium pay-TV services.

Orange is the New Black. Credit: qz.com

Netflix is coming to South Africa next month, and it's got an ace up its sleeve

Netflix is set to go live in South Africa next month, according to various local reports—almost exactly a year after the online video service first hinted at debuting on the continent.

Africa's biggest media company will fight Netflix for control of the global streaming market

Africa's biggest media company will fight Netflix for control of the global streaming market

When Naspers, the South African media conglomerate, launched its video-on-demand (VOD) service Showmax earlier this year, the assumption was this was an attempt at keeping out Netflix.

A cameraman films a scene for the Nollywood movie October 1, a police thriller directed by Kunle Afolayan, at a rural location in Ilaramokin village, southwest Nigeria. Reuters/Akintunde Akinleye

From Nollywood to New Nollywood: The runaway success of Nigeria's booming movie industry

The video-film industry of Nigeria has been described as one of the greatest explosions of popular culture that Africa has ever seen.

Jason Njoku. Founder & CEO, iROKOtv

iROKOtv - The Netflix of Africa: Ashish Thakkar, Founder, Mara Group

Behind a high-security gate on a side road off the frenetic Apapa Oworonshoki Expressway, in the Anthony Village district of mainland Lagos, stands a nondescript three-story concrete building.

Strive Masiyiwa, Founder & Chairman, Econet Wireless Group

Pan-African broadband service provider Liquid Telecom eyes European IPO in 2016

Liquid Telecom, a broadband group controlled by African telecoms company Econet Wireless, is being lined up for a European flotation next year after approaches from potential buyers in recent months.

7 Reasons to Be Bullish on MTN Group

South Africa broadband blitz unlocks video-on-demand

A rapid roll-out of fiber optic broadband in upmarket South African neighborhoods has caught the attention of Internet video streaming companies who are racing to capture a slice of a lucrative, untapped market.

Uzo Aduba stars as Suzanne "Crazy Eyes" Warren on the Netflix series "Orange Is the New Black".

Nigerian-American Uzo Aduba wins 2nd straight Emmy for Netflix series "Orange Is the New Black"

Uzo Aduba’s winning streak is not over. The “Orange Is the New Black” star had a strong year last year, bringing home a number of awards for her role as “Crazy Eyes” on the hit Netflix series, and it looks like this year may be her year, too.

Streaming services are targeting Africa as wireless networks become more widespread and reliable, allowing the delivery of video in a region where mobile connectivity growth is one of the fastest in the world. Photographer: Gallo Images via Getty Images

Hong Kong billionaire said to plan South African rival to Netflix

Streaming services are targeting Africa as wireless networks become more widespread and reliable, allowing the delivery of video in a region where…

Scene from the HBO show “Game Of Thrones”

Africa's largest company plans to enable download of movies and TV shows like "Game of Thrones" across the continent

Naspers Ltd., Africa’s largest company by market value, plans to enable customers of its ShowMax service to download movies and TV shows such as “Game of Thrones” without having to use expensive live Internet streaming, according to a person familiar with the matter.

Vodacom has 64 million subscribers and runs mobile networks in South Africa, Tanzania, the Democratic Republic of Congo, Mozambique and Lesotho. Photographer: Dean Hutton/Bloomberg

Naspers in talks With Vodacom to deliver video-on-demand services across Africa

Naspers Ltd. is in talks with wireless carrier Vodacom Group Ltd. about delivering video content to mobile devices across Africa as the media company seeks to compete with Netflix Inc. in offering movies and TV in the continent of 1 billion people.

When Netflix launches in South Africa, it’ll already have stiff competition

When Netflix launches in South Africa, it'll already have stiff competition

When it eventually launches in South Africa, the popular video-on-demand service, Netflix, will find a competitor waiting for it.

Ijé - The Journey

Nollywood is a mighty economic machine (Infographic)

Nollywood films have gone global. Movie streaming giant Netflix has dedicated an entire section to Nigeria‘s mega film industry, so rather than having to buy a DVD, viewers around the world can now get their fix of Nigerian drama straight to their computer screens.

Director Kunle Afolayan on the set of his new movie, which will be distributed on Netflix. Photograph by Kunle Afolayan

Meet Nigeria's Nollywood, the world's second largest movie industry

Last year, data was released showing that Nollywood is a $3 billion industry. It is bigger than Hollywood by volume, and right behind India’s Bollywood.

Nollywood cinema just became more accessible - iROKOtv inks deal with Netflix

Nollywood cinema just became more accessible - iROKOtv inks deal with Netflix

Netflix subscribers may have noticed the recent addition of Nollywood movies to the Netflix library.

British-Nigerian actor, Chiwetel Ejiofor, star of 'Half of a Yellow Sun’, the Nigerian film industry's biggest production to date

The rise and rise of the $5B industry called Nollywood

Nollywood, Nigeria’s film industry is booming, but lack of funding and rampant piracy holds it back. A stronger effort to improve quality, enforce intellectual property laws and clampdown on piracy should help to generate substantial revenues that really whet the appetite of investors.