Tag Archives: invest

Netflix announces plans to invest in African TV shows – Lifestyle


Netflix announces plans to invest in the African film industry.

According to the company’s vice president of international originals, Erik Barmack, an unspecified amount of original series will be commissioned in 2019.

He confirmed this during the Content London conference saying, Netflix’s Europe team is “in the process of looking at opportunities in Africa. It’s definitely the case that we’ll commission some series there in…2019.”

Reportedly, Netflix is already scouting for original scripts with local casts.


play

Netflix is ready to invest in Africa

(africa-ontherise)

 

Barmack went on to explain why the company is making this move. Predicting that international stories will soon be the world’s most-watched shows, he noted that commissioning series from Africa definitely…

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South Africa to invest $1 billion in South Sudan oil sector


South Sudan’s oil minister says South Africa will invest $1 billion into the war-torn country’s oil sector in what would be the largest investment in the East African country’s history.

Ezekiel Lol Gatkuoth confirmed Friday’s signing of the memorandum of understanding with South Africa’s energy minister, Jeff Radebe. Radebe told state broadcaster SABC that both countries would benefit.

South Sudan has Africa’s third-largest oil reserves, at 3.5 billion barrels, and it hopes increasing production will help the country recover after a peace deal was signed two months ago.

One analyst warned that despite the signing there’s no guarantee the South African money will come through, though if it does it would be “incredible.” South Africa would join Chinese, Indian, Malaysian and other interests…

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Us Firm To Invest Sh186b In East African Data Centres


Robert Mullins, the Executive Director at First Brick Holdings said the planned $50m (about sh186b) data centres by 2022, will open up new opportunities for financial services, governments and small to medium enterprises (SMEs).

Robert Mullins, Executive Director at First Brick Holdings (L) and Bhavik Pattni, Tech Analyst for Roha and Project Manager for Raxio (2nd R) pose for a picture with officials from China Telecom at the just ended AfricaCom Conference.

Robert Mullins, the Executive Director at First Brick Holdings said the planned $50m (about sh186b) data centres by 2022, will open up new opportunities for financial services, governments and small to medium enterprises (SMEs).

 

First Brick Holdings, a Roha…

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US will invest $60 billion overseas to beat China at development — Quartz Africa


OPIC is dead. Long live OPIC.

In the last few years of US president Obama’s administration, there were increasingly loud calls for the government to get rid of the Overseas Private Investment Corporation (OPIC), the development agency which encourages investment by US companies in Africa.

The problem, as the critics saw it, was the four-decades old agency had become “institutionally ill-suited to its mission and harms poor people around the world,” said a 2015 paper from CEI, a libertarian Washington DC think tank, which also claimed OPIC projects end up “enriching the politically connected.”

With US president Trump’s “America first” mantra it was completely unsurprising when the administration’s first budget in 2017 proposed essentially killing off OPIC.

But at the same time,…

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Finland to invest in African wind power projects | Yle Uutiset



Wind turbines in South Africa.

Image: Nic Bothma / EPA

Foreign Trade and Development Minister Anne-Mari Virolainen has this week pledged some 1.5 million euros to fund climate projects, particularly in low-income countries, according to the Foreign Ministry. The sum is part of a commitment to plough a total of 114 million euros into clean energy projects in developing countries.

The ministry said in a statement on Thursday that the funding will bankroll projects to harness wave energy or research power storage options or even developing new earnings models, for example.

The minister signed the technical cooperation agreement with the World Bank’s financing arm, the International Finance Corporation or IFC, during the Bank’s ongoing annual meeting in Bali, Indonesia this week.

Investment to…

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Tropical Update: Invest 91 in Caribbean Sea Being Watched



Tropical Update: Invest 91 in Caribbean Sea Being Watched … NEW ORLEANS — A broad area of low pressure in the Western Caribbean is Invest 91. … with all of the developments in the tropics is to have the WWL-TV news app.
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