“Time Out! Wait a minute! That has got to stop. Please do not ever call it the dark continent again. It’s not OK! There is probably more sunshine on that continent than any other place on the planet. I had to take a leap of faith and say nobody is doing anything about changing the perception of Africa through the most powerful medium we know, as humans, and that’s television” – James Makawa, Co-Founder, The Africa Channel
James Makawa is using the power of television to change stereotypes of Africa by providing a positive image of the continent.
Source(s): CNN
Sub-Saharan African markets are attracting interest from foreign fund managers seeking to diversify risks in their global portfolio. Andre DeSimone, Executive Director at Kestrel Capital tells us why Africa’s stock markets continue to perform remarkably well despite their small size and low liquidity.
The global financial crisis affected African markets resulting in, among other problems, the drying up of credit lines. What is the status now?
As Africa’s financial system was not highly integrated with America’s or Europe’s, it was not so heavily impacted by the global financial crisis. Also, most African countries never experienced the sort of financial, real estate, or consumer leverage that was experienced in the US and Europe, for example. Aside from a few Nigerian banks, generally the banking systems in Africa weathered the storm quite well. In fact, in Kenya, no major bank suffered badly and many, if not most, continued to record positive earnings growth over the past year. So while the days of easy credit may be gone, in places like Kenya credit is still available to creditworthy clients and real estate development continues briskly. Read the rest of this entry »
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Source(s): CNBC Africa
Zimbabwean broadcaster James Makawa talks about his latest media venture, Africa HD. According to James Makawa, the goal of Africa HD is to be Africa’s “first factory generating high-definition (HD) content out of Africa for global consumption because HD is the future.”
