logo
Africa's media moment: Turning disruption into opportunity

Africa's media moment: Turning disruption into opportunity

Business Insider6 hours ago
As editors and media leaders across Africa, we come together at a pivotal moment for both our industry and our continent.
Independent media has long served as a cornerstone of democracy and development. It holds power to account, informs citizens, amplifies underrepresented voices, and drives transparency — all while fostering investor confidence and enabling economic growth.
Yet today, this essential institution is under growing pressure. Demographics are shifting, and so are audience expectations. Competition from non-traditional content producers is increasing. We are facing a new wave of misinformation. And as instantaneous content become the norm, traditional business models will become no longer fit for purpose.
These challenges are not new. For over a decade, media houses across the continent have been working tirelessly to address them, exploring new ways of working, producing and connecting with our audience. But the pace of disruption has intensified. AI is expected to profoundly transform our sector once again.
African media can no longer do without the investment in infrastructure, training and innovation in the technological advances that will shape the next decade of news.
On June 8-10, we met in Zambia for the Africa Media Business Innovators 2025 organized by Bloomberg. News is a relentlessly fast industry, but this was a rare moment to catch our breath, take stock of these unprecedented challenges and share ideas on what needs to be done.
What we heard was not a story of decline — it was one of opportunity. Those in attendance in Zambia shared how they have already started to experiment with new business models and uses for emerging technologies.
We heard about the numerous assets already available on the continent: its youth, making Africa both the world's fastest growing media market and a critical producer of content and data globally; and its economic success, with African nations outperforming the rest of the world in GDP growth.
And, importantly, we have heard how other sectors – including African fintech – have successfully navigated and overcome that may inspire African media leaders to find innovative solutions to strengthen and grow the industry.
The case for investments in credible and independent media ecosystems that support journalists has never been stronger. But it is up to African media themselves to take ownership of their own narratives and showcase their potential to investors and partners. And here is how it can happen:
• Invest in ideas. As paper distribution becomes less central, media organizations must reimagine themselves as platforms for discussions and partnerships — without compromising journalistic integrity.
• Don't fear new technology: embrace it. Social media may have increased competition for attention, but it allowed us to diversify our audiences and get closer to our readers. With the right guardrails, AI, too, can become a powerful tool for journalism. Training our journalists on new technologies is essential.
• Collaborate and share. Africa is a diverse continent, yet many of our challenges — including misperceptions — are shared. By sharing success stories and working collectively with regional and global partners, we can build a stronger, more connected media ecosystem.
• Bolster business journalism. Set up young African writers for a career in business journalism by showing your support for what a financially literate press can do for the continent's economic future.
A robust press contributes to good governance, exposes corruption, empowers communities, and helps unlock investment and inclusive economic opportunities for all.
We believe in the power of journalism to shape Africa's future — but we cannot do it alone. It will take a collective effort from readers, policymakers, investors, and practitioners to protect, strengthen, and invest in our democracies and economies, which so critically need strong and independent media.
Signed,
Sipho Kings, Co-founder and Publisher, The Continent
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

City of Tallahassee aims for All-America City hall of fame with third victory
City of Tallahassee aims for All-America City hall of fame with third victory

Yahoo

time8 minutes ago

  • Yahoo

City of Tallahassee aims for All-America City hall of fame with third victory

The city of Tallahassee is on the cusp of becoming a hall of famer as it hopes to win its third All-America City award, becoming one of ten cities to claim the prize in Colorado over the June 27-29 weekend. A delegation from the city of Tallahassee is in Denver to take part in the All-America City Competition and Event as one of 20 finalists. This is the third time the city has been named a finalist, having gone on to win in 1999 and 2015. The award is a recognition from the National Civic League and each year focuses on a different theme allowing cities to highlight the work they've been accomplishing in that specific area. The 2025 theme was "Strengthening Environmental Sustainability through Inclusive Community Engagement." "I have lived in Tallahassee for 50 years, I've seen the city grow and thrive, and I'm just so glad to be a part of that ... What this competition allows is for us to demonstrate to the residents of Tallahassee and Leon County, the state of Florida, and indeed the country, all of the good things that we have happening," City Commissioner Curtis Richardson said. This is Richardson's second time serving as a delegate for the city, having been a part of the group in 2015. On the TalGov website, the city has dedicated space to the award nomination, such as some background of what the city submitted that officials believe reflects this year's award theme. In their submission, city staff highlighted the community-driven initiatives in the Southside Action Plan, the expansion of the parks system to 100 parks and the Clean Energy Plan that the city commission voted on in 2019. Richardson said the city stands out among others due to its commitment to African-American communities, as in the Southside Action Plan and ongoing projects such as the Southside Transit Center: "I can't imagine there are many, if any, other cities that have placed that kind of attention on long neglected African-American (and) minority neighborhoods." Richardson provided some insight into what the competition weekend will look like, saying that each city will give a presentation highlighting the work they've done to a panel of judges. On top of competing, the weekend serves as a conference where delegates can mingle, hear from other cities and possibly bring back new ideas. Alongside Richardson, local radio host Greg Tish is joining the group in Denver and serving as a delegate for the first time. He's looking forward to "just getting to interact with people that don't necessarily run in my circles but (who) have a love for the city." Tish said it isn't just adults heading out to the mile-high city. One middle school group is tagging along for the ride. The School of Arts and Sciences is a local middle school with a growing rock band led by Shannon Watkins. As part of showcasing Tallahassee's excellence, the young rock stars will get to take their talents to the national level. The award winners will be announced Sunday, June 29. Richardson said he's sure that, if it wins, the city will do it up in style: "When we bring home the prize for the third time, we will plan something huge to celebrate." Akron, Ohio Austin, Texas Albuquerque, New Mexico Carrboro, North Carolina Chelsea, Massachusetts Delray Beach, Florida Denver, Colorado Fort Collins, Colorado Hampton, Virginia Jacksonville, North Carolina Kinston, North Carolina Leominster, Massachusetts Memphis, Tennessee Petaluma, California Port St. Lucie, Florida Seattle, Washington Snyder, Texas Statesboro, Georgia Tallahasssee, Florida Western Riverside Region, California Arianna Otero is the trending and breaking news reporter for the Tallahassee Democrat. Contact her via email at AOtero@ and follow her on X: @ari_v_otero. This article originally appeared on Tallahassee Democrat: Tallahassee leaders travel to Colorado for All-America City contest

BlackRock's breakout offering overtakes flagship S&P 500 fund in revenue
BlackRock's breakout offering overtakes flagship S&P 500 fund in revenue

Yahoo

time30 minutes ago

  • Yahoo

BlackRock's breakout offering overtakes flagship S&P 500 fund in revenue

BlackRock's breakout offering overtakes flagship S&P 500 fund in revenue originally appeared on TheStreet. Wall Street giant BlackRock, Inc. (NYSE: BLK) is now generating more in revenue from its spot Bitcoin exchange-traded fund (ETF) than its signature S&P 500 fund offering, Bloomberg reported on July 2. BlackRock is the world's largest asset manager that managed $11.5 trillion in assets under management (AUM) as of 2024. It is among the first institutional giants to introduce crypto-linked funds in the traditional markets. The asset manager launched the iShares Bitcoin Trust (IBIT), its spot Bitcoin ETF, in January 2024 once the Securities and Exchange Commission (SEC) greenlit it. IBIT managed more than $75 billion in net assets as of July 2 as per SoSoValue. It is the largest spot BTC fund in the world and accounts for 3.52% of total Bitcoin per the Bloomberg report, IBIT has witnessed an astonishing fund inflow from both institutional and retail investors. Since its launch in January 2024, the fund has seen a positive net flow for all 18 months except one. With an expense ratio of 0.25%, the BTC ETF has generated an estimated $187.2 million in annual fees for BlackRock, as per Bloomberg's calculations as of July 1. In contrast, BlackRock's iShares Core S&P 500 ETF (IVV) generated an estimated annual fees of $187.1 million. Launched in 2000, IVV manages $624 billion in net assets — 8.3 times that of its Bitcoin counterpart. However, its expense ratio is only 0.03% — also 8.3 times lower. Crypto entrepreneur and podcast host Anthony Pompliano underlined on X that Wall Street is paying full attention to Bitcoin. As per Kraken's price feed, Bitcoin was trading at $109,131.76, up 1.7% a day. BlackRock's breakout offering overtakes flagship S&P 500 fund in revenue first appeared on TheStreet on Jul 3, 2025 This story was originally reported by TheStreet on Jul 3, 2025, where it first appeared. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

Ethiopia has finished building mega-dam on Nile, PM says
Ethiopia has finished building mega-dam on Nile, PM says

Yahoo

timean hour ago

  • Yahoo

Ethiopia has finished building mega-dam on Nile, PM says

Ethiopia says it has completed building a mega-dam on the Blue Nile that has long been a source of tension with Egypt and Sudan. Launched in 2011 with a $4bn (£2.9bn) budget, the dam is Africa's biggest hydro-electric plant, and a major source of pride for Ethiopians. Ethiopia sees the dam as vital to meeting its energy needs but Egypt and Sudan see it as threatening their water supply from the Nile. In a statement announcing the completion of the project, Prime Minister Abiy Ahmed sought to reassure his neighbours. "To our neighbours downstream - Egypt and Sudan - our message is clear: the Renaissance Dam is not a threat, but a shared opportunity," he said. US President Donald Trump said in 2020 that Egypt had threatened to "blow up" the dam - officially known as the Grand Ethiopian Renaissance Dam (Gerd). In a conciliatory move, Abiy said that both Egypt and Sudan would be invited to its official inauguration in September. "We believe in shared progress, shared energy, and shared water," he said. Egypt's President Abdel Fattah al-Sisi and Sudan's military chief Abdel Fattah al-Burhan met earlier this week and "stressed their rejection of any unilateral measures in the Blue Nile Basin", AFP news agency reports. More than a mile long and 145m high, the dam is on the Blue Nile tributary in the northern Ethiopia highlands, from where 85% of the Nile's waters flow. Ethiopia wants the dam to produce desperately needed electricity, as the majority of its population - about 60% - have no supply. Egypt relies on the River Nile for nearly all of its fresh water, and fears that the flow of water could be disrupted. It has argued that just a 2% reduction in the amount of water it gets from the Nile could result in the loss of 200,000 acres of irrigated land. Sudan is also heavily reliant on water from the Nile, and shares Egypt's concerns. Abiy said Ethiopia was "willing to engage constructively" with the two countries. However, previous talks have failed to resolve differences. Why is Egypt worried about Ethiopia's dam on the Nile? Nile Dam row: Egypt and Ethiopia generate heat but no power River Nile dam: Why Ethiopia can't stop it being filled Go to for more news from the African continent. Follow us on Twitter @BBCAfrica, on Facebook at BBC Africa or on Instagram at bbcafrica Focus on Africa This Is Africa

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store