• D.C.
  • BXL
  • Lagos
  • Riyadh
  • Beijing
  • SG
  • D.C.
  • BXL
  • Lagos
Semafor Logo
  • Riyadh
  • Beijing
  • SG


Showmax’s $1bn bet, Lesley Lokko’s Royal prize, Giannis tells Ugo’s story, AFCON͏‌  ͏‌  ͏‌  ͏‌  ͏‌  ͏‌ 
 
sunny Lagos
thunderstorms Monrovia
cloudy Lusaka
rotating globe
January 21, 2024
semafor

Africa

africa
Sign up for our free email briefings
 
Yinka Adegoke
Yinka Adegoke

Hi! Welcome to Semafor Africa Weekend where I’m still recovering from travel and watching Nigerian ministers gallantly do the “Buga” dance in Davos. I had — and listened to — many conversations last week about how African countries are perceived on the global stage. It affects everything from genuine concerns about security to irrational risk premiums on capital costs.

One way to change these perceptions is to rebuild trust with institutions, noted Sim Tshabalala, chief executive of Johannesburg-headquartered Standard Bank speaking on a panel during the week. “The world is becoming more multipolar and it’s a fantastic opportunity for the African continent,” he said. This is similar to the arguments made by the South African delegates I spoke with about the challenges facing Africa’s most advanced economy. Even with the difficulties posed by ongoing power shortages and challenges with shipping logistics due to the problems at Transnet, there was an optimism that fixing these problems was not as far away as they once seemed just a few months ago. It could’ve been the fresh Alps air engendering this positivity but there was very much a “wait and see,” we’re going to be okay.

So what about the election? Could it make things better or worse? Tshabalala told me later that as a businessman he doesn’t see much difference whether ruling party ANC wins outright, has to form a coalition government, or worse: “It doesn’t matter which political party wins, because the policies will be rational.” His argument, South Africa’s big advantage is that it has strong institutions that will keep whoever wins on course. Whether they can execute efficiently or not is another matter.

Semafor Stat

The amount in revenue Africa’s biggest streaming service, MultiChoice Group’s Showmax, plans to generate over the next five years, according to a Bloomberg report citing the group’s CEO Calvo Mawela. Following a deal with Comcast, Showmax received backing and technological support to re-launch its services last Monday, as it gears up to compete for a greater share of audience and revenue on the continent with Netflix. MultiChoice currently owns 70% of Showmax which operates in 50 African countries, while Comcast owns the balance with the right to expand its holding. Sky executive Andrea Zappia was named chairman of Showmax after a deal with Comcast.

PostEmail
Yinka Adegoke

How investing in Africa’s live music scene could boost jobs

THE NEWS

Andrew Esiebo/Getty Images for Global Citizen

An international advocacy organization that uses live music to champion its causes is building a pan-African ticketing platform as part of a wider push to support an international touring circuit on the continent.

Global Citizen, whose Move Afrika show took place in Rwanda’s capital Kigali last month headlined by hip-hop star Kendrik Lamar, is working on a broader plan to ensure the live music business creates long-term jobs and boosts local economies, according to Liz Agbor-Tabi, it’s vice president of global policy.

“We’re doing a lot of work to upskill the talent on the ground,” said Agbor-Tabi. Global Citizen, which is headquartered in New York, has been bringing in experts and pairing them with local technical partners to develop local expertise. It has signed ongoing five-year terms with its partners to build local capacity. “We’re showing to the world and investors that there is talent on the continent,” said Agbor-Tabi.

It comes as the organization announced it is bringing the Move Afrika tour back to Accra, Ghana, this year in partnership with Lamar’s company pgLANG as curator. The plan was announced this week at the World Economic Forum in Davos, Switzerland, with Ghana’s President Nana Akufo Addo and President Paul Kagame of Rwanda in attendance.

KNOW MORE

Global Citizen says building a pan-African ticketing platform will make it easier for both international and African artists to plan their tours around the continent rather than the current “siloed” model with each country having multiple systems. It will also be easier to integrate different currencies and payment systems, such as mobile payments, onto such a platform. But it is just one piece of an ambition to make touring a seamless reality across Africa and enable platforms to create long term partnerships.

Jemal Countess/Getty Images for Global Citizen

The organization says it recruited more than 1,000 locals for its Move Afrika show in Kigali last month, accounting for 75% of the production crew, as part of its “focus on creating opportunities for skill development” and international event training. In Ghana in 2022 which featured artists including Usher and Sza (pictured), it says it injected more than $15 million into the local economy from production, tourism, logistics and marketing among other activities.

The organization wants to build on this model in another three African cities by the end of this year and five more by the end of 2025.

.

PostEmail
Weekend Reads
Ugo/YouTube screenshot

🇳🇬 A new documentary titled “Ugo: A Homecoming Story” explores the life of Giannis Sina Ugo Antetokounmpo, the Greek-Nigerian NBA superstar. The documentary, released in partnership with WhatsApp, captures the essence of family ties, cultural exploration, and the quest for personal identity. It follows Antetokounmpo on his first-ever trip to Nigeria joined by his mother, who left the country for Greece 35 years ago.

🇿🇲 Zambia’s first all-women anti-poaching unit locally referred to as Kufadza — which means to “inspire” — is changing the face of conservation by taking up roles that traditionally belonged to men, Isabel Choat writes for The Guardian. The female officers are protecting threatened species in the Lower Zambezi national park.

🇰🇪 The Kenyan government is making economic changes at the behest of the IMF and the World Bank, akin to implementing structural adjustment programs in the 1980s and 1990s, writes Mwangi Githahu in The Elephant. The outcome, Githahu notes, will likely be as it was decades earlier when such programs pushed the country into a decade of pain and darkness. The implementation was linked to “the high rate of income inequality, inflation, unemployment, and retrenchments,” which lowered the living standards, and led to an increased crime rate.

🇿🇦 South African computer scientists are deploying computer vision tools and satellite images to analyze the impact of racial segregation on housing, Abdullahi Tsanni writes in Technology Review. Researchers at the nonprofit Distributed AI Research Institute (DAIR) collected millions of satellite images of all nine provinces in South Africa, and geospatial data from the government that shows buildings across the country. They used the data to train machine-learning models and build an AI system that can label specific areas as wealthy, non-wealthy, non-residential, or vacant land.

🇧🇫 In Burkina Faso, the production of local chicken popularly known as “bicycle chicken” has declined in recent years and is swiftly being replaced by imported broiler chickens, which are not only larger and meatier but also sold at a lower cost, Faïshal Ouédraogo writes for WorldCrunch. Ouédraogo notes that the local chicken was for a long time the consumer’s first choice, but its popularity declined due to the high cost and longer time needed to rear it compared to the imported breed.

PostEmail
Week Ahead

🗓️ Liberia’s president-elect Joseph Boakai will be inaugurated on Monday in the capital, Monrovia. The United States delegation to the event will be led by Linda Thomas-Greenfield, the U.S. ambassador to the United Nations. (Jan. 21)

🗓️ U.S. Secretary of State Antony Blinken will travel to Cape Verde, Côte d’Ivoire, Nigeria, and Angola, to highlight how Washington has accelerated the U.S.-Africa partnership since the U.S.-Africa Leaders Summit, including in areas such as climate, food, and health security. (Jan. 21-26)

🗓️ Uganda’s president Yoweri Museveni will host the Third South Summit to convene in Kampala. Representatives from the 134 member states of the Group of 77 will discuss areas of cooperation in trade, investment, sustainable development, and climate change. (Jan. 21-23).

🗓️ Britain’s Duke of Edinburgh, Prince Edward, will be in South Africa for a working visit, and is set to meet with the country’s deputy president, Paul Mashatile. (Jan. 22-23)

🗓️ Matches kick-off to qualify for the “round of 16” at the African Cup of Nations (AFCON) in Côte d’Ivoire. (Jan 22-24)

PostEmail
Hot on Semafor

If you’re enjoying the Semafor Africa newsletter and finding it useful, please share with your family, friends, Kendrick Lamar fans, and female gamekeepers. We’d love to have them aboard, too.

Let’s make sure this email doesn’t end up in your junk folder by adding africa@semafor.com to your contacts. In Gmail you should drag this newsletter over to your ‘Primary’ tab.

You can reply to this email and send us your news tips, gossip, street food recommendations and good vibes.

Yinka, Alexis Akwagyiram, Alexander Onukwue, Martin Siele, and Muchira Gachenge

PostEmail