Via Semafor, a report on Universal Music Group’s acquisition of Nigerian music label Mavin: Universal Music Group has acquired Nigeria’s Mavin Global, one of Africa’s largest and most successful independent record labels. The deal remains subject to regulatory approval but is expected to close in September, the companies announced in a statement on Monday. The […]
Read more »Courtesy of The Africa Report, an article on who’s winning Africa’s automotive industry race: While South Africa and Morocco are the undisputed leaders in the production of new vehicles on the continent, newcomers are after a piece of the action in this high-potential market, which is undergoing radical change. Right now, all roads in the […]
Read more »Via BBC, a look at why Nigeria’s economy is in such a mess: Nigeria is currently experiencing its worst economic crisis in a generation, leading to widespread hardship and anger. The trade union umbrella group, the Nigeria Labour Congress (NLC), has organised nationwide protests on Tuesday, calling for more action from the government. A litre […]
Read more »Via Semafor, a look at Disney’s animated reimagining of Lagos: Iwaju/screenshot Iwaju, a limited animated series, will become Disney’s first feature set in Nigeria when it airs this week on the Disney+ streaming service. Imagining a Lagos where flying cars zoom over today’s crowded street markets, the project is co-produced by Disney and Kugali media, […]
Read more »Via Bloomberg, an article on increasing investment interest in West Africa: West Africa eurobonds on average saw better returns than peers China investment to region has surpassed East, Southern Africa Investors in West African countries are enjoying the best returns on the continent, and are shifting money flows to a region that’s performed well despite […]
Read more »Via South China Morning Post, a look at Chinas BRI commitment to African infrastructure: Senior diplomat Wu Peng’s support of projects in Nigeria has reinforced China’s commitment to helping African growth But experts say a switch of banks financing a Nigerian rail project points to Beijing’s shift in focus from concessional to commercial lending Building […]
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