What’s happened this Week:

• World Bank approves $390 Million Grant for Kenya

• YellowCard launches a Payment API

• and more!

In 2016, Netflix officially opened up to the African continent and begin local production in some select African countries.

Fast forward and Netflix just put out a report about its impact so far on the continent.

According to a report, the streaming company has invested over €160 million ($175 million) in film content production in Africa, creating over 12,000 jobs in South Africa, Kenya, and Nigeria.

The company stated that its going ahead with local more content production in 2023 and beyond.

The company is currently in competition with Multichoice which has its own streaming outfit called Showmax.

One thing that DSTV/Multichoice has over Netflix is live sports. But Netflix has been testing out live components with its recent Chris Rock live show and the company will be testing more live events.

But can they eventually be in serious competition with DSTV? That remains to be seen.

In The News This Week:

World Bank Approves $390 Million Grant To Accelerate Digital Economy In Kenya

The World Bank has approved a $390 million grant for Kenya’s Digital Economy Acceleration Project. This is the first phase of financing meant to facilitate the expansion of high-speed internet, improve the quality of education and selected government services, and build skills for the regional digital economy.

Opportunik Global Fund To Launch Its African and Diasporan-Focused Investment Fund On 2nd May

Opportunik, a private wealth fund giving Africans and Diasporans access to global investments, announced today that it will launch its licensed fund on the 2nd of May 2023.

Yellow Card Launches Its Payments API

Yellow Card, the largest Pan-African cryptocurrency exchange, has announced the launch of its new Payments API.

Autochek Acquires Majority Stake in Egypt’s AutoTager

Autochek, the automotive technology company making car ownership more accessible and affordable across Africa, has announced the acquisition of a majority stake in AutoTager, an Egyptian automotive technology company that makes it easier to find and buy cars, to deepen its presence in North Africa and support the company’s ongoing growth.

Story Features

How Africa Countries Are Trying To Keep Up With The Space Race

According to a report by Space in Africa, a news website that covers the African space industry, the continent’s space sector is worth USD$400 billion today and projected to rise to USD$10 billion in the next five years.

So which African countries are trying to keep up with the space race in Africa?

Africa Ecosystem Funding Activity

• Applications open for 4th edition of OceanHub Africa accelerator - Disrupt Africa

• Young African Catalysts launches to democratise access to venture ecosystem - Disrupt Africa

New “What’s Your Story” Podcast Episode

We just kick-started season 2 of our podcast, “What’s Your Story” and we debuted with a new episode on Vanessa Gyan, a Ghanaian media personality who was moved from New York to Ghana to kick off her media career and is now building her startup business.

The new season is sponsored by Paystack, a leading payments company in Africa.

The new episode is now available on podcast platforms

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