Showing posts with label South Africa. Show all posts
Showing posts with label South Africa. Show all posts

Monday, May 15, 2023

Nigeria: Spyware Attacks on organisations in South Africa, Kenya and Nigeria Increased in Q1 2023

PRESS RELEASE

Spyware attacks on organisations in South Africa, Kenya and Nigeria increased in Q1 2023

Spyware continues to be a threat to users of different types of devices, including thin clients.

Access Multimedia Content

https://kaspersky.africa-newsroom.com/press/media/spyware-attacks-on-organisations-in-south-africa-kenya-and-nigeria-increased-in-q1-2023?lang=en

LAGOS, Nigeria, May 15, 2023/ -- As discussed during the recent Kaspersky Cyber Security Weekend – META 2023 (www.Kaspersky.co.za), for the first quarter of 2023 (Q1 2023) the share of users attacked1 with spyware in South Africa, Kenya and Nigeria increased steadily. Kaspersky recorded an increase of 18,8% in South Africa, 12,9% in Kenya, and 14,6% in Nigeria from Q4 2022 to Q1 2023. Spyware continues to be a threat to users of different types of devices, including thin clients.

Thin clients are used in corporate networks around the world to set up workspaces at a much lower cost than when using traditional laptop or desktop computers (thick clients). A thin client on a traditional operating system (OS), Linux or Windows-based, could potentially be targeted by different types of attacks, including spyware. A compromised thin client could serve as an entry point to the corporate network, and it could be used to gain access to confidential data, take control over other machines on the network, or run malicious software, etc. According to Kaspersky, there are over 60 vulnerabilities in thin clients that could be used by cybercriminals.

Victor Ivanovsky, KasperskyOS Business Development Lead.

In response to advancing cyberthreats, Kaspersky promotes the Cyber Immune approach. The Kaspersky Secure Remote Workspace solution offers a manageable and functional thin client infrastructure that is built according to the secure-by-design principle and the Cyber Immune approach that makes them more resilient to cyberattacks in comparison to traditional thin clients. Together with Centerm, a global producer of thin clients, Kaspersky produces the KTC (Kaspersky Thin Client) – the world's first thin client with Cyber Immunity that requires no additional antivirus protection tools. At the core of the solution lies KasperskyOS, a microkernel operating system. KTC excludes the possibility of exploiting a wide range of vulnerabilities common in traditional thin clients. Another component of the solution – the unified management console – solves the problem of managing and monitoring thin client infrastructure.

Kaspersky Secure Remote Workspace is suitable for many areas where a large number of workstations with similar tasks and a standard set of applications are used: the public sector, educational institutions, manufacturing and production plants, fuel and energy sector, healthcare, financial organisations, retail, and others.

“Thin clients have gained popularity over the last few years, especially after the pandemic, as organisations were seeking cost effective ways of setting up remote workplaces. It is also believed by many that they are secure to use and less vulnerable to malware than traditional machines. However, this belief is nothing more than a myth: thin clients running traditional operating systems are vulnerable, and our internal research shows that they can be hacked with a simple tool in under 10 minutes and be used to spy on users and/or access confidential data,” comments Victor Ivanovsky, KasperskyOS Business Development Lead. “We believe that the future of thin client development should be determined by Cyber Immunity. Attacks on a Cyber Immune system are ineffective - they continue to function even in an aggressive environment and stop potential attackers in their tracks.”

[1] All of these attacks were blocked by Kaspersky.

Distributed by APO Group on behalf of Kaspersky.

For further information please contact:

Nicole Allman | INK&Co.

nicole@inkandco.co.za

Social Media:

Facebook: https://apo-opa.info/3M3uy0L

Twitter: https://apo-opa.info/3OaLeGw

YouTube: https://apo-opa.info/41wO7V6

Instagram: https://apo-opa.info/42BZnRq

Blog: https://apo-opa.info/42Apbxn

About Kaspersky Secure Remote Workspace:

Kaspersky Secure Remote Workspace (KSRW) is a solution for building a Cyber Immune, managed and functional thin client infrastructure based on the microkernel operating system KasperskyOS for secure connection to remote desktops. Thin clients as part of the solution are based on Cyber Immunity – Kaspersky’s own approach to creating IT solutions with built-in protection against cyber threats.

In 2022, Kaspersky Secure Remote Workspace received the World Leading Internet Scientific and Technological Achievements award. It is awarded to significant scientific and technological achievements in the field of information technology, innovative solutions and developments. The jury includes Turing Award winners, members of the Academia Europaea, the American Academy of Arts and Sciences, academicians of the Chinese Academy of Sciences and the Chinese Academy of Engineering.

About Kaspersky

Kaspersky is a global cybersecurity and digital privacy company founded in 1997. Kaspersky’s deep threat intelligence and security expertise is constantly transforming into innovative solutions and services to protect businesses, critical infrastructure, governments and consumers around the globe. The company’s comprehensive security portfolio includes leading endpoint protection, specialized security products and services, as well as Cyber Immune solutions to fight sophisticated and evolving digital threats. Over 400 million users are protected by Kaspersky technologies and we help over 220,000 corporate clients protect what matters most to them. Learn more at www.Kaspersky.co.za.

SOURCE

Kaspersky



Saturday, May 13, 2023

International Branding of NOLLYWOOD for the Global Market

 That the phenomenon of Nollywood has gained global recognition is a fact. But Nollywood is still lacking the required structure for competition in the global film industry and lagging behind South Africa, Egypt and Morocco.

I have addressed the shortcomings of Nollywood and the Nigerian film industry measured with the criteria for the international development of a film industry. These shortcomings are why Nigeria is not among the top 10 countries with the biggest film industries in the world.

Top 10 Film Industries 
1. Hollywood Movie Industry
2. Bollywood Film Industry
3. Chinese Cinema
4. United Kingdom of Great Britain
5. Japanese Cinema 
6. Cinema in South Korea
7. France
8. German cinema
9. Australia
10. Mexico

The constant emphasis on the large volume of movies produced annually making Nollywood the second largest producer of movies in the world after the Bollywood of India and ahead of Hollywood of the United States of America is not enough without film commissions and film markets.
Having the largest market is different from having the biggest economy.
South Africa has the biggest film industry in Africa and not Nigeria based on the annual revenues of the film industry from the box office, international co-productions, TV networks, movie merchandise and film tourism.
South Africa has the largest cinemas of the biggest film distribution and exhibition companies in Africa.
South Africa has film commissions which Nigeria does not have.
South Africa has a film market which Nigeria does not have.
South Africa has the biggest cable TV industry in Africa with MultiChoice which Nigeria does not have. 
The Nigerian Television Authority (NTA) is hyped as the largest TV network in Africa, but running a deficit annually and cannot even pay salaries without revenue allocations from the Nigerian government. 
In terms of quality of TV productions, the NTA does not have local content of international standards compared to the South African Broadcasting Corporation (SABC) that has been producing content attracting international acquisition and distribution.









The criteria for the international branding of Nollywood for the highly competitive global film industry include the top priorities of having world class international film festivals to attract the participation of the best filmmakers; international co-producers; film acquisition and distribution companies and for the promotions of movie merchandise and film tourism.
Presently among the few film festivals in Nigeria, only the annual Africa International Film Festival (AFRIFF) is rated as the best international film festival attracting some of the best filmmakers in the world with the potentials of having an international film market like the Durban FilmMart of the Durban International Film Festival in South Africa. 
AFRIFF made international news headlines in November, 2022 for cohosting the African premiere of "Black Panther: Wakanda Forever",  the 2022 American superhero film produced by Marvel Studios and distributed by Walt Disney Studios Motion Pictures.

My articles on how Nollywood can make the Nigerian film industry a multibillion dollar film industry through the opportunities for movie merchandise and film tourism have been published and widely circulated online. But the Nigerian government and the private sector are ignorant of the huge economic benefits.

The Global TV and Movie Merchandise Market is forecast to grow by $90.53 Billion during 2022-2027, accelerating at a CAGR of 9.04% during the forecast period.

Sony Pictures, Paramount Pictures, Warner Bros, Huayi Brothers, Enlight Media, Lionsgate Films, NBC Universal, Nickelodeon, TOEI COMPANY, Alpha Group, The Walt Disney Company, Twentieth Century Fox and Toho Company are the key copyright owners in the global Movie Merchandise market. The top 5 took up about 66 Percent of the global market. USA is the largest consumption regions of Movie Merchandise in the world in the past few years and it will keep increasing in the next few years. USA market took up about 50 Percent the global market, while Europe was 25 Percent, and China is followed with the share about 6 Percent.

Nigeria has awesome attractions for film tourism which I have been promoting with the publication of the NOLLYWOOD MIRROR® Series since 2013 to show the beauty of Nollywood in family friendly books to attract people worldwide. 
My popular article, "The Best Film Locations in Nigeria" has attracted thousands of readers with over 17, 000 readers on TripAdvisor.






Nollywood has attracted Netflix, Amazon Prime Video, Disney and other leading international American film and TV production and streaming companies.

The best film locations in Nigeria should be developed as international tourist attractions like the Obudu Ranch in Cross River State. Holiday resorts and hotels should be built on the locations for filmmakers and tourists.

What is the value of the global film tourism market?

As per a recent market analysis by Future Market Insights (FMI), the film tourism market is poised to reach a valuation of US$ 66.7 Billion in 2022. Sales are projected to increase at a 6.8% CAGR, with the market size reaching US$ 128.78 Billion by 2032.https://www.accesswire.com/717595/Film-Tourism-Market-is-anticipated-to-increase-at-a-high-CAGR-of-68-during-2022--2032-Future-Market-Insights-Inc

There are models for templates for the international branding of Nollywood for the global film industry which I have shown with the references to South Africa. 


By Ekenyerengozi Michael Chima,
Publisher/Editor,
NOLLYWOOD MIRROR® Series,
Executive Producer,
Screen Naija YouTube Channel,
Vuulr Program Partner
Cinewav Partner


Tuesday, April 25, 2023

NTA Can Launch Cable TV Network within 12 Months

The Nigerian Television Authority (NTA) can launch a cable TV network within 12 months to compete with MultiChoice of South Africa and StarTimes of China.

Majority of Nigerians cannot afford the increasing subscriptions to the cable TV networks in Africa's most populous country of over 220 million people.

The solution is having a Nigerian owned cable TV network with subscriptions affordable to majority of people in Nigeria.


NOLLYWOOD MIRROR® Series

The first and the best book series on Nollywood and the Nigerian film industry published since 2013.





Thursday, March 16, 2023

How Biometrics Can Fuel Inclusive Growth in Nigeria’s Information and Communications Technology (ICT) Sector

Gur Geva, founder and CEO of iiDENTIFii,

The number of active mobile subscriptions in the country has reached about 222,571 million in December 2022 and teledensity of 116.60 percent

PRESS RELEASE

How Biometrics Can Fuel Inclusive Growth in Nigeria’s Information and Communications Technology (ICT) Sector

This technology also plays a powerful role in digital and financial inclusion.

JOHANNESBURG, South Africa, March 16, 2023/ -- Nigeria is at an inflection point where it needs to adopt enabling technologies at scale to support high growth in the telecommunications and digital sectors. Using the right technology as a catalyst, these sectors can support financial inclusion and widespread economic growth.

Gur Geva, founder and CEO of iiDENTIFii, a world-leading biometric authentication platform, says, “Biometric technology is a crucial consideration in Nigeria’s ongoing digital expansion. If financial institutions, telecommunications companies and the public sector adopt enterprise-grade biometric authentication, they can provide services to Nigerian consumers safely, efficiently and at scale.”

iiDENTIFii is in the process of rolling out its offering in over 20 countries across Africa following increased demand from both new and existing clients who require a trusted identity verification (IDV) partner in various jurisdictions.

Biometric authentication technology is changing how we identify ourselves with our mobile devices. Using leading technologies, companies such as iiDENTIFii ensure that banks, insurers, telecommunications companies and government institutions are certain that the person on the other end of the screen is identifiable, verifiable and human.

Geva adds, “As the only IDV company in Africa that provides enterprise-grade level services, we understand the far-reaching benefit of biometrics in protecting the assets of companies and consumers and fighting financial crime. We believe the requirement for digitised biometric authentication in Africa is immense. The region is a sleeping giant when it comes to accessing traditional bank accounts, digital banking, and affordable financial services.”

Recent figures from the Nigerian Communications Commission (NCC) state that the number of active mobile subscriptions in the country has reached about 222,571 million in December 2022 and teledensity of 116.60 per cent. This level of digital adoption needs to be met with intentional digital security measures. Added to this, Nigeria’s recent greylisting provides an opportunity to interrogate cyber security in the region and how biometric authentication can deter financial crime.

This technology also plays a powerful role in digital and financial inclusion. Historically, biometric identification has been for the privileged few – the technologically advanced with access to hi-tech, leading-edge equipment – providing access to services that are typically not for the digitally excluded. However, remote digital biometric authentication has a crucial role in bridging the digital divide.

Geva adds, “The digitally excluded are missing out on access. Without access, the keys to both social and financial inclusion are unreachable. Those who do not have access to newer technologies are disadvantaged in healthcare, education and financial support. These areas have a significant negative impact on an individual’s overall quality of life. For this reason, we actively consider unserved and underserved communities in our solutions.”

This inclusive digital identity approach can open doors to critical government services such as labour markets, government benefits and financial services, without the risk of impersonation or fraudulent funding. This extends to those with limited ability to engage in the digital world. “We applaud Nigeria’s focus on digital literacy in the country and are proud to say we are one of the only IDVs that can operate on mobile devices that aren’t smartphones.” There is also the matter of diversity and innate technology bias, which iiDENTIFii targets through their technology, “Our focus in Africa has enabled us to create an extensive library of faces that reflects our continent.”

Undoubtedly, Nigeria’s ICT sector and overall online activity will continue to grow exponentially. Trusting and authenticating the digital identity of individuals communicating and transacting online will continue to become more and more paramount and essential.

Geva concludes, “Nigeria’s ICT sector is making great strides in enabling growth and literacy. We look forward to continuing to collaborate with industry and government stakeholders to drive safety and positive change.”

Distributed by APO Group on behalf of iiDENTIFii.

About iiDENTIFii:

iiDENTIFii is a world-leading remote biometric digital authentication and automated onboarding technology platform. It fulfils the needs of customer-focused organisations that are required to authenticate and onboard customers. Using a frictionless and non-invasive automated proven process that meets customer intelligence and risk and compliance goals, iiDENTIFii ticks all the boxes from a governance and legislative perspective. https://iidentifii.com/.

SOURCE

iiDENTIFii


Wednesday, March 8, 2023

Kulture Wave Beauty by Cardi B Joins Fight Against Skin Bleaching in Africa

PRESS RELEASE
Kulture Wave Beauty by Cardi B Joins Fight Against Skin Bleaching in Africa
In collaboration with UNESCO, Cardi B's Skincare brand is set to mitigate the devastating effects of trends in skin bleaching in the tropical regions of Africa

Access Multimedia Content

LOS ANGELES, California, March 8, 2023/ -- Kulture Wave Beauty by Cardi B, a leading beauty brand, announced today its commitment to fighting against the practice of skin bleaching in Africa. Skin bleaching, also known as skin lightening or whitening, is a dangerous trend that has become prevalent in many African countries, where it is associated with beauty and social status.



Edith F. Gibson



Are you tired of seeing harmful skin-bleaching products advertised and promoted to achieve "beauty" in Africa? The popular rapper has recently announced the projected launch of her own line of skincare products that are designed to celebrate melanin-rich skin and discourage people from using dangerous chemicals on their bodies. In this article, we'll dive deeper into why Cardi B's brand is such a game-changer for African beauty standards and how it can help steer the conversation away from harmful beauty practices.

Kulture Wave Beauty by Cardi B believes that all skin colors are beautiful and aims to promote self-love and confidence through its products. The brand's decision to act against skin bleaching in Africa is part of its larger mission to empower women and promote positive body image. By joining forces with UNESCO alongside Rwanda’s president Paul Kagame. The country has enforced a ban on skin-lightening products with the president stating “these practices are quite unhealthy among other things. Includes use of prohibited chemicals.”

While other administrations such as Ghana followed suit on Rwanda’s efforts the country too has issued its own ban on skin-lightening products. The acting chief executive of the authority, Mimi Darko said “Ghana has banned these types of products, there will be no importing of such harsh and damaging products to this country.”

It is no secret that skin bleaching is a big problem in Africa. According to a recent report by the World Health Organization, an estimated 77% of women in Nigeria use skin-lightening products. This number is even higher in other countries like Togo (88%), South Africa (80%), and Senegal (59%).

"I'm proud to be part of a brand that stands for inclusivity and celebrates diversity. Skin bleaching is a harmful practice that perpetuates unrealistic beauty standards and can have severe health consequences," said Cardi B, CEO of Kulture Wave Beauty. "We want to help women embrace their natural beauty and feel confident in their own skin."

Why Kulture Wave Beauty is different.

Cardi B's skincare brand, Kulture Wave Beauty, is partnering with UNESCO to help mitigate the devastating effects of skin bleaching in tropical regions of Africa. Skin bleaching is a dangerous and harmful practice that can lead to serious health problems, including cancer. Kulture Wave Beauty's line of natural and safe skincare products will help to combat the harmful effects of skin bleaching and promote healthy skin practices in Africa. This partnership is an important step in raising awareness about the dangers of skin bleaching and promoting healthy skin care habits in Africa.

Kulture Wave Beauty is a beauty brand founded in partnership with the Grammy-winning artist Cardi B and KWBI Management, LLC. The brand offers a range of high-quality six-phase skincare product line that is designed to celebrate diversity and promote self-love.

Cardi B has launched her beauty line and is using it to combat the harmful practice of skin bleaching in Africa through a partnership with Delight Cosmeceutical Labs (https://apo-opa.info/3mCVkUB), which formulates the products for the skincare brand. The lab's leading esthetician, Edith F. Gibson, has a 5-year contract to work with the UNESCO field office in Yaoundé, Cameroon, to combat the practice of skin bleaching.

The line, called Kulture Wave Beauty, includes a range of products designed to nourish and protect the skin. The products are made with patented scientific technology and natural ingredients which are free from harmful chemicals.

Cardi B is committed to helping women of all colors feel beautiful in their own skin. She hopes that by offering a quality alternative to skin bleaching products, she can help put an end to the dangerous practice.

Kulture Wave Beauty will be available online, and in-store and will be expanding to stores across Africa in the near future. The line is set to be released in Six separate phases.

UNESCO Partnership Objective:

The problem with skin lightening in Africa is that there are several reasons why women bleach their skin. Many believe that it will make them more attractive to men, while others think it will help them get ahead in life. Some simply want to fit in with society's standards of beauty. Whatever the reason, the fact remains that skin bleaching is extremely harmful to your health.

Bleaching agents contain toxic chemicals that can damage your skin and lead to several health problems. These include liver damage, kidney failure, cancer, and even death. In addition, bleaching your skin makes you more susceptible to sun damage and can cause premature aging.

"We believe that by working together, we can create a world where all women feel empowered and beautiful, regardless of their skin color," said Cedric Yengo the Chairman for KWBI Management (www.KWBIManagement.com). "We hope that our commitment to this cause will inspire others to join the fight against skin bleaching in Africa."

If you're considering bleaching your skin, we urge you to think twice about it. There are plenty of other ways to achieve the look you desire without risking your health in the process. This partnership is set to achieve the following.

1. To initiate the creation of networking systems to mitigate the devastating effects of trends in skin bleaching in the tropical regions of Africa.

2. To expose scientific technology and a better approach to tropical skincare for stakeholders in the field while reiterating the need for further research and training of more professionals.

3. To raise awareness of the wealth of biodiversity of tropical regions of Africa and its potential to benefit local communities in and around biospheres.

Kulture Wave Beauty by Cardi B is an inspiring initiative and a huge step forward toward fighting skin bleaching in Africa. The fact that such influential public figures like Cardi B are taking a stand against this issue sends out a powerful message of hope to people all over the world. Kulture Wave Beauty also serves as a reminder that we need to respect each other's differences and embrace our uniqueness, no matter what it may be. It’s important for us to keep talking about this issue so that more people can become aware of its consequences, for only then will the real change begin to happen.
KWBI Management, LLC.

For more information about Kulture Wave Beauty by Cardi B and its commitment to fighting against skin bleaching in Africa, please visit the brand's website at www.KWBIManagement.com

Distributed by APO Group on behalf of KWBI Management,LLC.
 

Disclaimer:
The information contained in this release is as of March 2023. The content is for information purposes and as such, should not be construed as legal, tax investment, financial, or other advice. The release contains forward-looking statements.

Media Contact:
Cedric Yengo
Kulture Wave Beauty by Cardi B
press@kwbimaangement.com
775.260.3119


Monday, February 6, 2023

Idris Elba To Build Film Studios in Ghana To Attract Hollywood



Famous British actor and director, Idris Elba recently met with the President of Ghana, Nana Addo Dankwa Akufo-Addo at the Jubilee House, during his visit to Ghana.


During the meeting with the President of Ghana discussed building a film studio in the country. 

He also urged the president to create favorable policies for filmmakers to thrive. 

He noted that he has plans to shoot a movie in Ghana. 

In a video from their meeting that has gone viral on social media, Idris Elba was seen pitching the idea of establishing a film studio in the west African country.

He noted that there is a lot of filmmaking potential that the lack of facilities has stifled. He also spoke about the importance of government policies in boosting the film sector in Africa.

“We’ve studied the models of obviously South Africa’s incredible incentive package, and around Europe, obviously, Greece, Morocco, these are all places where they realize the value of the filmmaking dollar and have brought that policy into play,” he said to the Ghanaian president.

Idris Alba during a meeting with the President of Ghana discussed building a film studio in the country. 

He also urged the president to create favorable policies for filmmakers to thrive. 

He noted that he has plans to shoot a movie in Ghana. 

The blockbuster actor revealed that he has a movie he is currently shooting and would love to shoot some parts of that movie in Ghana. He disclosed that pre-production is set for August, and principal photography would begin in December.

#IdrisElba #Ghana #SouthAfrica #Nigeria #Filmmaking #FilmStudios #filmmakers #movies #actors 

#August #filmindustry

Read more on 

https://africa.businessinsider.com/local/lifestyle/idris-elba-adds-ghana-to-list-of-african-countries-he-wants-to-partner-with/4z27x1x

Wednesday, January 25, 2023

Partech Africa Report: Resilient African Tech Ecosystem Still Growing with $6.5 Billion Raised in 2022


Partech Partners

PRESS RELEASE

Presenting the 2022 Partech Africa Report: Resilient African Tech Ecosystem Still Growing with $6.5 Billion Raised in 2022

Partech Africa, the VC fund dedicated to technology startups in Africa, has issued its annual report on Africa Tech Venture Capital

DAKAR, Senegal, January 24, 2023/ -- Amid the drastic pullback in global VC funding, the African tech ecosystem stands out with +8% growth from 2021. Debt funding doubled in volume to $1.5B, accounting for nearly a quarter of the total funding. Fintech, still leading, attracted 39% of the total equity volume; Nigeria retained the top spot with 23%

Partech Africa, the VC fund dedicated to technology startups in Africa, has issued its annual report on Africa Tech Venture Capital. The report, which aims to provide a practical picture of the state of the ecosystem, revealed that despite the global VC downturn, the African tech ecosystem grew faster than all other markets globally. 

Total funding invested into tech startups on the continent reached $6.5B, an increase of 8% vs 2021, spread across 764 deals - compared to 724 rounds in 2021. The report, consisting of disclosed and confidential deals, saw debt funding more than double in volume, reaching $1.55 billion through 71 deals [65% YoY growth]. In comparison, equity rounds showed a slight decline, as 653 African tech startups raised $4.9B [-6%] in 693 equity rounds [2% YoY growth].


Focusing on the equity funding, the report revealed the ecosystem was still accelerating during Q1 and Q2 of 2022 compared to 2021, with the YoY comparison showing Q1 and Q2 at +127% YoY and +83% YoY, respectively. However, the global VC slowdown stifled growth in activity in Q3 [-65% YoY] and Q4 [-35% YoY]. In 2022, fundraising activities remained flat across all stages. At $1.4M, Seed+ ticket sizes averaged higher in 2022 [+12% YoY], while Series A remained the same at $8.5M. Later stages reverted to 2019 levels, as Series B and Growth round sizes dropped by -23% and -50% YoY, respectively. In addition, 2022 witnessed a significant reduction in the number of megadeals [over 100M], with only seven deals compared to 14 in 2021.

Speaking on the launch of the annual report, Tidjane Deme, General Partner at Partech, said: "2022 was a particularly challenging year for the venture ecosystem worldwide, as venture and growth investors scaled back their investment by a third. However, by comparison, our report revealed the African tech ecosystem showed great resilience, as more investors have doubled their commitment to the continent by investing in local teams and funds dedicated to the market, which is proving to be the best way forward.”

Overall, Nigeria, South Africa, Egypt and Kenya remain the top investment destinations in Africa, with a share of total volume staying relatively steady at 72%. Nigeria retained the top rank, bringing in  $1.2B in capital, despite a decline of 36% from 2021; South Africa, Egypt, and Kenya each attracted over $0.7B in funding, with Ghana completing the top 5 with just over $0.2B. Overall, 28 countries attracted equity funding in 2022, 13 of them in Francophone Africa..

In light of the market downturn, the report’s findings also revealed that Fintech, which has historically attracted sizable investments, was the most impacted by the slowdown in the number of large rounds. However, fintech remains the most funded sector in Africa, and this across all sources of capital, with 39% of the total equity volume [$1.9B] and 45% of the total debt volume [$691M]. Other sectors have experienced substantial growth and gained a meaningful share of the equity funding activity this year, most notably Cleantech, which made a big comeback with 18% of total equity funding at $863M [+347% YoY] but also 39% of the total debt funding at $605M. 

The report's findings also show:

Female-founded startups raised 22% of all equity rounds in 2022, up 2 percentage points from 20% in 2021. They also contributed $644 Million or 13% of the total equity funding, down 3 percentage points from 16% in 2021.

Outside of the top 4 countries, Ghana ($202 million), Algeria ($150 million), Tunisia ($117 million) and Senegal ($105 million) were the only other countries that broke the $100M funding mark.

Despite a slowdown in the growth rate of equity investors, Africa’s tech ecosystem attracted 1,149 unique investors for the first time [+29% YoY in 2021]. African tech has seen more investors committed, with 89 participating in 5 or more deals (compared to 65 investors in 2021).

The number of debt investors active on the continent is growing 2.5x YoY, with a good mix of local debt institutions, international lenders with emerging market vehicles and Development Finance Institutions.

Cyril Collon, General Partner at Partech, added: “Much of our methodology has remained the same over the years, and we, therefore, can provide a snapshot of how the African continent has evolved over the years. Nigerian and the fintech vertical have remained at the top spot; however, in an environment where equity funding is more challenging, debt has proved to be a solid alternative source of African tech startups in 2022, which signals a maturity within each sector.”

Headquartered in Dakar, Partech Africa is the largest VC fund dedicated to technology startups in Africa. With a focus on Late Seed, Series A and B equity rounds in startups which are changing the way technology is used across multiple sectors, including education, mobility, finance and healthcare, the VC has, to date, invested in 17 African startups, such as Wave (http://bit.ly/3J9lGqy) and TradeDepot (http://bit.ly/3R2IgD9). Using the same methodology as previous years, the seventh Partech Africa annual report on African tech start-ups only includes equity rounds where the total amount is higher than US$200K.

To download the full ‘2022 Africa Tech Venture Capital’ report, click here (https://bit.ly/3R5mChF).

Distributed by APO Group on behalf of Partech Partners.

For media inquiries:

Isabelle Tresson: +33 7 86 08 85 85

itresson@partechpartners.com

About Partech Africa:

Headquartered in Dakar, Senegal, Partech Africa is the largest VC fund dedicated to technology startups in Africa. Partech Africa focuses on series A and B equity rounds in startups which are changing the way technology is used in education, mobility, finance, healthcare, delivery, energy, etc.


About Partech:

Born in San Francisco 40 years ago and now headquartered in Paris, Partech is one of the most active tech investors in the world, bringing together capital, operational experience, and strategic support for entrepreneurs at seed, venture and growth stages. The company manages more than €2.5B and its current portfolio includes 210 companies in 40 countries in Africa, Asia, Europe and the US.


www.PartechPartners.com

SOURCE

Partech Partners



Sunday, January 22, 2023

Is Nollywood Really Booming?

Is Nollywood Really Booming?

The sociocultural phenomenon of the guerilla filmmakers of Nollywood, the first indie film industry in Africa has been attracting global attention making news headlines of the foreign news media since the early 1990s and making the stars of the low budget movies household names across Africa.  "Nollywood is booming" echoed from the street to the internet and on the popular cable TV channels called Africa Magic on DStv and GOtv of the MultiChoice Group of South Africa. 

According to a widely circulated report since 2020:
Nigeria’s film industry contributed 2.3% and about 239 billion naira ($660 million) to the GDP and projects that the industry will increase its export revenue earnings to over $1 billion. The motion picture and music recording industry exceeded 2020 projected $806 million revenue contributing about 730 billion naira ($1.8 billion) to the country’s GDP.
The country’s television and video market grew by 7.49% to $806 million in 2020, up from $732 million in 2018. The industry is projected to earn about $900 million in 2023. The market is driven by subscription revenue, which accounted for 72.26% of total revenue in 2018. TV advertising accounts for 21.31% of total revenue.

With other similar reports; to the foreign news media, Nollywood, the Nigerian film industry is booming with references to the success stories of DStv, GOtv and Showmax of the MultiChoice Group; the increasing numbers of cinemas with all the highest grossing Nollywood movies in the box office making millions of dollars annually since 2016; the exciting attractions of Netflix, Amazon Prime Video and other OTT platforms with hundreds of thousands of subscribers. But the fact is; Nollywood is not among the 10 biggest film industries in the world by box office revenues, TV budgets and revenues. 
Nollywood no longer produces the often reported over 2, 000 movies annually used to rank it as the second largest film industry in the world after Bollywood of India and ahead of Hollywood of America. Since the COVID-19 pandemic with the consequences of the lockdowns and restrictions of physical contact with others at work, productions of movies and TV series have reduced in Nigeria.

Nollywood is not the biggest film industry in Africa. 
South Africa has the biggest film industry on the continent with the biggest and largest film distributors and exhibitors; including the popular Durban Film Mart, Cape Town International Film Market and Festival and MIP Africa. The biggest GSM telecom network in Nigeria is MTN from South Africa used by the majority of Nigerians for data to use the internet and the MultiChoice Group of South Africa is the biggest and largest cable TV network in Nigeria. 
The local private and public TV stations in Nigeria cannot compete with the South African Broadcasting Corporation (SABC) and other broadcasting services of South Africa in the entertainment industry.
The reports that Nigeria has the biggest film industry in Africa are  false.

Nollywood is booming continues to be echoing and repeated in the news reports, but the realities are different inside Nigeria.
Behind the showtimes of the cinemas in the big shopping malls of Lagos and other states; behind the glitz and razzmatazz of the red carpets of the premieres of movies and international film festivals in Nollywood; majority of the filmmakers with their casts and crews are struggling and suffering to make ends meet. Majority of them cannot afford brand new cars or SUVs and cannot afford to build or buy houses. 
Dozens of practitioners suffered and passed on in Nollywood last year 2022, but only the famous ones made news whilst the unknown ones passed away unsung. Many of them could not pay their medical bills.
Many of those who survived the critical financial challenges only survived by divine interventions of Almighty God through various means, including the kindness of several "Good Samaritans" who gave them helping hands to rescue them from their misery.

I had a catalog of movies, TV series and documentaries of the best quality, but all the TV channels in Nigeria could not afford to pay for the TV rights as low as US$750 per movie or episode for two years. They cannot even afford to produce content of premium quality and the employees are underpaid.
There is no single film and TV market in Nigeria and no film commission, except the Nigerian Film Corporation (NFC) without a film commissioner. 
The NFC does not know that there should be a film commission in every state in the country, including Abuja. 

Nollywood is far from booming, because even the fortunate ones among the filmmakers who  produced the highest grossing movies and series acquired by Netflix, Amazon Prime Video, Showmax and other major foreign film acquisition and distribution companies have not become multimillionaires in dollars like their counterparts in Hollywood. 
None of the highest grossing Nollywood movies made up to US$2 million.  
The Hollywood blockbuster "Black Panther: Wakanda Forever" has become the first film to make N1 Billion from the box office in Nigeria and one billion naira is less than US$2 million by the  current exchange rate of the dollar to the naira of $1 for N730. $1m is about N730 million. 

A movie in a booming film industry by global valuation should be making millions of dollars within three weeks and not struggling to make two million dollars within three months of the theatrical release. Nigeria does not have up to 300 screens and the population of the country is over 200 million, the largest in Africa. Exhibitors spend millions of dollars annually on recurrent expenditures of the cinemas in a country without regular power supply for electricity and they have to use big industrial generators with daily supply of diesel or petrol. There are days a cinema will not have up to 20 moviegoers and the generator will be used for power supply for screenings without interruptions.
I don't envy the exhibitors and investors. 
Uber is making more money in Nigeria than all the members of the Cinema Exhibitors Association of Nigeria (CEAN).  
It is better, richer and safer to invest in an urban taxi transport service in the country than to invest in having cinemas in Nigeria. And guess what? An Urban taxi cabs service can still make money from Nollywood without sweat. How?

Nollywood creates thousands of jobs, but over 90 percent of these jobs are not permanent, because the jobs end once the production of a movie ends. Many of the  actors have to fast and pray to get new roles in the next productions. Majority of the actors, cameramen, camerawomen, gaffers and others are among the lowest paid employees in Nigeria. Their incomes cannot make ends meet for them and their dependants without any social welfare and without any insurance policy. 

Nollywood is still a developing film industry with multiple streams of incomes. But the lack of structure is hampering the economic growth.
Movie merchandise and film tourism are still unexplored sectors of Nollywood which can be avenues to create permanent jobs for many people and increase the revenues from the film industry. 

- By Ekenyerengozi Michael Chima,
Publisher/Editor,
NOLLYWOOD MIRROR® Series,
New Nigeria on Pinterest

NOLLYWOOD MIRROR® Series 
First book series on Nollywood and the Nigerian film industry available in paperback and hardcover versions.


Friday, October 21, 2022

Public and Private TV Stations in Nigeria are Grossly Underfunded

Both the public and private TV stations in Nigeria are grossly underfunded.

I am speaking from professional experience since I started my career in the largest TV network in Africa, the  Nigerian Television Authority (NTA) as the youngest professional scriptwriter for TV in Africa at 18 and from the 1980s and in 1998 worked as an Independent Production Manager of "Money Wise" on  the private DBN TV for two years when I was 35. 

When I look at both the public and private TV stations in Nigeria, I shake my head is disappointment. The underdevelopment of NTA in programmes is embarrassing when compared to the South African Broadcasting Corporation (SABC).

The federal government gives peanuts to the NTA and expect the NTA network of over 36 TV stations to produce world class programmes, because they are clueless about the economics of the TV industry which can be learned from the more advanced TV industry of South Africa. 

If the public and private TV stations in Nigeria are producing great content for entertainment and enlightenment of the best standards, they will be highly profitable to compete with MultiChoice, the South African company that operates DStv, the leading satellite television service in Sub-Saharan Africa and GOtv operating in several countries and has the popular streaming service, Showmax. 

The NTA network and private TV stations in Nigeria have channels on DStv and GOtv instead of competing with MultiChoice. But how can they compete without the required infrastructure for a world class international TV industry with the budgets for the best TV productions and for the premium content that will increase their revenues from TV commercials and international distribution of their content. 


- By Ekenyerengozi Michael Chima,
Publisher/Editor,
NOLLYWOOOD MIRROR® Series.

Tuesday, August 30, 2022

August of Enchanting Content

August of Enchanting Content

It has been a busy August for me communicating with some of the biggest film and TV production, acquisition and distribution companies in America, Europe, Australia and India. I have a large catalog of movies, series and documentaries for international theatrical release, TV channels and OTT platforms.
VISION FILMS, INC and Vuulr have premium content. Vuulr has new  buyers and sellers for international film and TV rights of enchanting dramas, comedies, documentaries and animes.

The first MIP Africa held last week from August 24-26, 2022 at the  International Convention Center (CTICC) in Cape Town, South Africa.
MIP Africa had special overviews on South Africa, Nigeria, Ghana, and Tanzania with United States of America as the first guest country.
85 exhibitors met with 60 hosted (all expenses paid) buyers, as well as some of 240 “member” buyers.

#mipafrica #filmmakers #buyers #sellers #filmmarket #acquisition
#Nigeria #Africa #Southafrica #Ghana #Tanzania #distribution #TV #movies #series #India #Europe #film #America #Australia #exhibitors #distributors #content #entertainment



Thursday, August 25, 2022

H.E. Olusegun Obasanjo to Chair Africa Oil Week 2022

 


Africa Oil Week
PRESS RELEASE


H.E. Olusegun Obasanjo to Chair Africa Oil Week 2022
Strongest presence of Ministers and Government officials – only at Africa Oil Week

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CAPE TOWN, South Africa, August 25, 2022/ -- Africa Oil Week (https://Africa-OilWeek.com) is proud to announce H.E. Olusegun Obasanjo is set to continue his tenure as Chairman of Africa Oil Week for the foreseeable future. The former president of the Republic of Nigeria is continuing as chairman of the leading Oil and Gas event - held in heart of Cape Town to ensure he continues to support regionally. Organised by Hyve Group Plc., Africa Oil Week is the Home of the African Upstream, and this unmissable event will bring leading energy stakeholders together on the 3-7 October in Cape Town under the theme: Sustainable Growth in a Low Carbon World.

Having overseen Nigeria’s transition to a representative democracy, Obasanjo is widely considered as one of the continents major statesmen and leaders over the last 50 years. Obasanjo played a leading role in shaping the modern oil industry in Nigeria, introducing policy reforms which have seen the country become an energy superpower.

“We’re honoured to have H.E. Olusegun Obasanjo as Chairman of Africa Oil Week. He brings incredible gravitas as returning chairman of our event,” said Paul Sinclair, VP of Energy and Director of Government Relations for Africa Oil Week.  His Excellency is a unique person bringing regional understanding and unapparelled experience in developing marketing conditions to support private sector participation in the natural resources sector, it is this experience that helps Africa Oil Week drive success for regional governments and their partners alike.

Obasanjo recently shared his views on Africa’s call for energy security, saying that Africa should be able to take charge of its own energy destiny for the benefit of its people and that it shouldn’t be beholden to the unrealistic ideals of the Global North. It’s for this reason, Africa must follow energy policies that promote socio-economic development, sustainable hydrocarbon use, and, ultimately, take charge of its own energy destiny for the benefit of its people, says Obasanjo.

Echoing Obasanjo’s remarks, Sinclair said, “The energy debate doesn’t have to be polarised. As the world grapples with climate change and the broader transition, oil and gas will be needed and we believe Africa and our continent should be allowed to grow. We advocate the development of our resources and we believe technology and carbon management strategies can do this in respect of the environment – we are not ignoring those who are concerned about the environment, indeed we understand the value of renewable energy. It’s a transition, one that is part of the larger goal and continuous journey to decarbonizing infrastructure and reaching net zero. However, for the foreseeable future, oil and gas are definitely needed as the 151 countries in Glasgow COP work towards their revised NDCs. We echo H.E. Olusegun Obasanjo’s candid support for Africa to take control of its energy future and continue to drive strong global partnerships that will benefit both the continent and its partners via responsible development of natural resources,” Sinclair said.

Register your interest now to play your role in sustainably developing our industry and Africa via the African upstream. Attend the conference alongside senior delegates and 50+ Ministers and leaders of government: Africa Oil Week 2022 (https://Africa-OilWeek.com)
Distributed by APO Group on behalf of Africa Oil Week.

Media contact:
Amie Sparrow
PR Manager
amie.sparrow@hyve.group

About Africa Oil Week:
Africa Oil Week (https://Africa-OilWeek.com) is the meeting place of choice for the continent’s upstream oil and gas sector. Now entering its 28th year, the event brings together governments, national and international oil companies, independents, investors, the G&G community and service providers. Africa Oil Week takes place in heart of Cape Town at the Cape Town International Convention Centre 2 (CTICC2) from the 3-7 October 2022.

SOURCE
Africa Oil Week



Monday, June 27, 2022

Cinewav Cinemas Coming To Nigeria

Cinewav Cinemas Coming To Nigeria



Cinewav is reaching all corners of the world with screenings in Australia, Singapore, US, Ireland, Spain, Namibia, South Africa and coming to Nigeria with the first event on the Lagos Island.

Cinewav player on a laptop.
Cinewav is not just an audio solution it is a turnkey solution for event movie screenings including an inbuilt library of films you can choose from! 

BOOK TICKETS IN THE CINEWAV APP
Download the Cinewav app (Google, Apple, Huawei App stores)
Search for an event
Buy and download your audio ticket

BRING YOUR HEADPHONES AND ENJOY
Enjoy a totally immersive experience with your favourite headphones with high quality audio in sync with the big screen. 

See more on Cinewav

Contact
Jason Chan (Cinewav Co-founder)
whatsapp: +65 9694 7817
fb: @cinewavapp / insta: @cinewav 
Download Cinewav App:

Thursday, June 9, 2022

Multichoice Delivers Steady Margins Despite Content Cost Normalisation

 

PRESS RELEASE
Multichoice Delivers Steady Margins Despite Content Cost Normalisation
The group’s linear pay-TV subscriber base (measured on a 90-day active basis) increased by 0.9m to reach 21.8m households

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JOHANNESBURG, South Africa, June 9, 2022/ -- MultiChoice Group (MCG, or the group) (www.MultiChoice.com), Africa’s leading entertainment company, delivered steady margins for the year ended 31 March 2022 (FY22).

Download document (1): https://bit.ly/3Q6YBpP

“Reduced losses in the Rest of Africa (RoA), a rebound in advertising revenues and a continued focus on cost containment enabled us to absorb the R1.1bn impact of a normalisation in content costs as live sport returned and we resumed our local content production post the COVID-19 lockdowns,” says Calvo Mawela, Chief Executive Officer.

“We continued to enhance our video entertainment offering and expanded the variety of services offered to our customers as we grow our entertainment ecosystem,” he added.

The group’s linear pay-TV subscriber base (measured on a 90-day active basis) increased by 0.9m to reach 21.8m households, comprising 9m in South Africa and 12.8m in the RoA. The 5% growth year-on-year (YoY) is subdued due to the tough economic environment and elevated subscriber growth during  COVID-19 related lockdowns in the previous year.

Here are a few highlights:
  • Revenue: ZAR55.1bn up 3% (up 7% organic)
  • Trading profit: stable at R10.3bn (up 1% organic, due to absorbing cost normalisation)
  • Core headline earnings: R3.5bn (up 6% as Forex impact was less negative))
  • Free cash flow: R5.5bn (down 3%, due to one-off prepayments)
  • Dividend: R2.5bn 565 ZARc per share (±4% yield)
MCG continued to pursue its differentiation strategy through local content, stepping up its local content production by 32% YoY to 6 028 hours and bringing its local content library close to 70 000 hours. Local content accounted for 47% of total general entertainment content spend and the group remains on track to achieve a target of 50% by 2024.

Seven major new channels launched, including two Portuguese-focused channels in Angola and Mozambique. In South Africa, the group’s co-productions such as Reyka and Recipes for Love and Murder were broadcast to critical acclaim and international interest.

SuperSport delivered world class productions given a bumper calendar of major sporting events. A record number of viewers tuned into Euro 2020, the British and Irish Lions rugby tour and the Tokyo Olympics. SuperPicks, a free-to-play predictor game and the group’s first product collaboration with KingMakers, was launched in Nigeria in August 2021 and already has 0.5m registered users. SuperSport Schools, now 100% owned by the group, continues to grow rapidly and broadcasted 5 249 live games of schools sport during FY22.

Growth in Connected Video users on the DStv app and Showmax service is outpacing the market. Paying Showmax subscribers were up 68% YoY, whilst overall monthly online users of the group’s connected video services increased 28% YoY. A major driver has been the focus to localise by expanding local payment channels and enabling local billing in various markets. In addition, local content was stronger than ever with titles like DevilsDorp, the Real Housewives franchise and The Wife. Showmax Pro delivered an enhanced customer experience, which included the Tokyo Olympics, Euro 2020 and every English Premier League game.  

On the product side, the announcement of DStv as official launch partner of Disney+ in South Africa is a further extension of the group’s aggregation strategy, which aims to bring customers more content, and convenient access in one central place via DStv’s connected devices.

DStv Internet, which was launched in September 2021, is growing strongly. The DStv Rewards program, which supports customer retention and has been successful in reducing dormancy, continues to gain traction with close to a million customers. Digital adoption continues to track well with around 75% of customer touch-points now being managed through the group’s self-service channels. Due to the ongoing global silicon chip shortage the DStv Streama launch has been delayed and is now expected to launch in the first half of the next financial year.

SEGMENTAL REVIEW

South Africa

The South African business faced an increasingly difficult consumer climate, with FY22 growth rates impacted by rising unemployment levels, intermittent loadshedding and a disruption caused by the July riots in Durban and Johannesburg.

Revenue increased 4% to ZAR35.6bn, supported by the rebound in advertising revenue and a 1% increase in subscription revenues, driven by subscriber growth in the mass market and the uplift from annual price increases. The return of live sport and other value adding initiatives contributed to reducing churn in the Premium base relative to the prior year. Trading profit declined 1% to ZAR11.0bn as the ongoing cost-optimisation programme only partially offset consumer pressure in the middle market and the normalisation of content costs and sales and marketing expenses.

Rest of Africa (RoA)

The Rest of Africa business benefited from the popularity of local content such as Big Brother Naija and live sporting events. Whilst revenue of ZAR17.9bn reflects a strong 14% organic increase, it is only 4% higher than the prior year due to the impact of translating Rest of Africa’s USD revenues at a stronger ZAR for reporting purposes. Trading losses amounted to ZAR1.2bn, which is a 24% improvement YoY on an organic basis. Local currencies held up better against the USD than prior years, resulting in an overall headwind on reported results of only ZAR0.1bn (FY21: ZAR1.2bn). Although liquidity challenges continued in Nigeria, the group successfully repatriated cash throughout the year, albeit at a premium to the official exchange rate.

Technology segment

Irdeto, was impacted by global silicon shortages affecting supply chains, as well as COVID-19 related disruptions in large markets such as India. Revenues of ZAR1.5bn, down 17% YoY (9% organic), were further depressed by the impact of a stronger ZAR upon translation from USD. The segment contributed ZAR0.5bn to group trading profit with margins strong at 33%. Irdeto gained additional market share in its core media security business by winning four new Tier-1 customer. It also grew its device security business, expanded its deployment of connected vehicles with Hyundai, and started new projects like providing security software to large logistics companies. 

KingMakers

On 29 October 2021, the group increased its shareholding in KingMakers from 20% to 49.23%. KingMakers delivered USD136m (ZAR2.0bn) in revenues, representing robust growth of 74% YoY. It recorded a loss after tax amounting to USD19m (ZAR0.3bn) as increased revenues were offset by investment in people, product and technology to further scale the business. Although revenues are still primarily generated in Nigeria, the group is now also active in Kenya, Ghana and Ethiopia.

Future Prospects

In the year ahead, the group will continue to drive penetration of its video entertainment services across the African continent by offering customers an array of unique and rich media content delivered in a convenient and cost effective way. Local content and select sporting events such as the English Premier league, UEFA Champions League and the 2022 FIFA World Cup will contribute to the growth in linear and streaming services.

Returning the Rest of Africa business to profitability in FY23, maintaining strong cash flows to support a healthy balance sheet and pursuing innovative products and services remain key pillars for long term value creation.

“As a platform of choice, our group will look to further expand our entertainment ecosystem by identifying growth opportunities that leverage our scale and local capabilities,” says Mawela. “We will continue to strive to be a trusted partner for our customers’ ever-evolving needs, enriching their lives by delivering entertainment and relevant consumer services underpinned by technology.” 
Distributed by APO Group on behalf of MultiChoice Group.
 
MultiChoice Group Contact Details:
Elizabeth Fourie, Senior Manager: Corporate Communications
Tel: +27 11 289 4735
Mobile: +27 83 482 5241
Elizabeth.Fourie@multichoice.co.za

Meloy Horn, Head of Investor Relations
Mobile: +27 82 772 7123
meloy.horn@multichoice.com

About MultiChoice Group:
MultiChoice Group (MCG), which listed in the Main Board of the JSE on 27 February 2019, is one of the fastest-growing video entertainment providers globally, delivering entertainment products and services to 21.8m households across 50 countries on the African continent. Its track record of more than 30 years is reflective of a commitment to provide audiences with only the best local, sport and international content.

MCG’s strong partnerships with distributors, installers and telecommunication companies, along with its well-established payment solutions, competitive pricing and choice of viewership packages continue to secure its place in the global market, while also providing solutions unique to the African market. Its direct-to-home (DTH), digital terrestrial television (DTT) and over-the-top (OTT) solutions enable the business to stay relevant and aligned to changing consumer habits while capturing new markets.

Content is at the very core of the business. MCG aims to deliver quality content anywhere, anytime and on any device through a comprehensive video entertainment offering at different price points. As pioneers in African video entertainment, MCG plays an important role in making information and entertainment easily accessible to Africans.

MCG aims to secure content rights in a manner that is cost-effective and reflective of the diversity of its audiences. Its substantial portfolio includes award-winning local content (a key differentiator in its service offering), a leading sport offering (including production capabilities) and access to international content, which is all shared on the group’s platforms: DStv, GOtv, Showmax, M-Net and SuperSport.

MCG has superior technology capability through the security solutions that Irdeto, its technology company, brings to the group. These solutions enable MultiChoice to protect its investment, create new offerings and combat cybercrime. With 50 years’ expertise in software security, Irdeto’s software security solutions and cyber services protect over 5bn devices and applications for some of the world’s best brands.

SOURCE
MultiChoice Group