Firms target global media platforms for the African capital market

Voices of the African Continent (VOTAC), and Premium Times, have announced a strategic alliance that will create a platform for news coverage of African capital markets.

By providing a global media platform, VOTAC, in collaboration with Premium Times will produce African Capital Market, ACM TODAY, a financial news program, live-streamed from studios in San Francisco, United States, and Abuja, Nigeria’s Federal Capital Territory (FCT). About 29 stock exchanges representing 54 countries (markets), account for $2.5 trillion of the nominal gross domestic product (GDP) as estimated in 2019, with economic growth at 3.4 percent, growth is expected to hit 3.9 percent in 2020, and 4.1 percent in 2021 (AfDB, 2020).

ACM TODAY will also be carried on U.S. cable networks reaching 33 million television households; and will be available on local television channels in these U.S. media markets: Atlanta, Chicago, Dallas, Houston, Philadelphia, Los Angeles, and New York Tri-State Area (New York, New Jersey, and Connecticut). ACM TODAY is designed to aid innovation, increase foreign direct investment, and economic mobility on the continent.

The program will ensure transparency in market activities and data and ensure the broadcast standards that consumers of financial news are. The platform will also offer subject matter experts, industry and market analysts, commentators, and investigative and financial news journalists with in-depth knowledge of Africa, guided by professional disciples.

For more than a century, foreign direct investment (FDI) in Africa was almost exclusively focused on the extraction and export of natural resources. But since the turn of the millennium, the momentum has shifted. In the past few years, the trend has finally flipped. Global investors now come to Africa for the promise of its people than for its physical properties.

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