Business

Netflix Commits $1 Million Towards Scholarships in Africa

Published

2 years ago

January 20, 2022

Netflix, the world’s leading entertainment streaming service, has announced a commitment of US$1 million towards the newly-established Netflix Creative Equity Scholarship Fund (CESF) for film and TV students in Sub-Saharan Africa. The scholarship fund forms part of Netflix’s global Netflix Creative Equity Fund launched in 2021 to be allocated to various initiatives over the next 5 years with the goal of developing a strong, diverse pipeline of creatives around the world.

The scholarship fund will cover the costs for tuition, accommodation, study materials and living expenses at institutions where beneficiaries have gained admission to pursue a course of study in the TV & film disciplines in the 2022 academic year.

The Netflix CESF is targeted for rollout across the region in the academic year commencing in 2022, starting with an open call for applications in the Southern African Development Community (SADC) region, in partnership with social investment fund management and advisory firm Tshikululu Social Investments (https://bit.ly/3qLORX2) as implementing partner/fund administrator in Southern Africa. Fund administration partners for East Africa and the West and Central Africa regions will be announced in due course.

“Netflix is excited by the potential of the next generation of storytellers and we’re committed to investing in the future of African storytelling in the long-term,” says Ben Amadasun, Netflix Director of Content in Africa. “We believe there are great stories to be told from Africa and we want to play our part by supporting students who are passionate about the film and TV industry so they too, can ultimately contribute to the creative ecosystem by bringing more unique voices and diverse perspectives to African storytelling that our global audiences find appealing.”

How it works:

The Netflix CESF is designed to provide financial assistance, through full scholarships, at partner higher educational institutions (HEI) in South Africa to support the formal qualification and training of aspiring creatives from a SADC region country that wish to study in South Africa, and are able to obtain the necessary permissions to do so. The following countries will be eligible: Angola, Botswana, Comoros, Democratic Republic of Congo, Eswatini, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Tanzania, Zambia and Zimbabwe.

In the SADC region, the fund will be available to students who have obtained admission to study in various film & TV-focused disciplines, for the 2022 academic year, at the following partner institutions:

AACA Film and Acting School
AFDA
Boston Media House
Cape Peninsula University of Technology (CPUT)
City Varsity
Durban University of Technology (DUT)
Tshwane University of Technology (TUT)
University of Cape Town (UCT)
University of Johannesburg (UJ)
University of KwaZulu-Natal (UKZN)
University of Pretoria (UP)
University of the Witwatersrand (Wits)

Students interested in applying for scholarships for the 2022 academic year will be able to find additional information, application criteria, a list of partner higher education institutions (HEI) and will be able to apply online on our fund manager and advisory partner, Tshikululu’s website. Applications are now open until 04 February 2022 at 23h59 CAT.

The Netflix CESF will also benefit students from other parts of Africa – particularly East Africa as well as West and Central Africa. Fund administration partners for East Africa and the West and Central Africa regions will be announced, along with the calls for applications, in due course.

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Guest Posting Service: Unlock Your Website’s Potential!

Published

10 hours ago

September 27, 2023

Investors King

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Business

Industry Experts Highlight Urgent Need to Combat Influx of Substandard Auto Spare Parts in Nigeria

In the Nigerian automobile sector, industry experts are sounding the alarm about the escalating influx of substandard spare parts and its detrimental impact on vehicle safety and consumer trust.

Published

14 hours ago

September 27, 2023

Investors King

According to a report by the Standards Organisation of Nigeria (SON), 95 percent of auto spare parts imported into the country fail to meet the minimum acceptable standards.

This alarming revelation has ignited concerns among automotive professionals and stakeholders.

Yusuf Adah, Chairman of Automedics Motor International, emphasized the gravity of the issue, attributing the surge in substandard vehicle spare parts to unscrupulous dealers and importers within the industry.

Adah lamented the lack of commitment to excellence and integrity among these elements, making it exceedingly challenging to confront the problem effectively.

Adah also underscored the significance of Original Equipment Manufacturers (OEMs), despite their higher prices. He asserted that OEM parts prove their value over time by consistently delivering superior performance and safety.

“Car owners have several options to choose from. But it is very easy to differentiate between OEM and substandard spare parts,” Adah stated, reiterating the urgency of addressing this menace.

Moreover, Adah voiced concerns about customer satisfaction and the shortage of skilled talent within the Nigerian automobile industry.

He called for collective efforts to tackle these challenges and enhance the overall health of the sector.

Pankaj Bohhra, Chief Operating Officer of Fixit45, echoed these sentiments, emphasizing the critical role of high-quality spare parts in prolonging the lifespan of vehicles and improving workshop efficiency.

He also highlighted skill gaps and infrastructure limitations as pressing issues hampering the sector’s growth.

The Nigeria Customs Service has recognized the need for collaboration among stakeholders to combat smuggling, a primary driver of counterfeit automotive spare parts in the country.

Their document titled “Enhancing the Role of Nigeria Customs Service and Fostering Collaborative Efforts with Stakeholders to Prevent the Inflow of Substandard or Counterfeit Spare Parts” outlines the formidable challenges in curbing this illicit trade.

As concerns grow over the safety and reliability of vehicles in Nigeria, industry experts are advocating for immediate action to combat the proliferation of substandard auto spare parts and safeguard the nation’s roadways.

Business

Government’s Concrete Road Plan Threatens Cement Prices, Warns Nigerian Cement Producers

Published

2 days ago

September 25, 2023

Investors King

The Cement Producers Association of Nigeria has issued a stern warning that the Federal Government’s ambitious plan to introduce concrete roads could lead to a significant hike in cement prices, potentially reaching an alarming N9,000 per bag, up from the current N5,000.

The association is urging the government to tackle the persistent issue of cement price fluctuations and ensure Nigerians do not have to pay more than N5,600 per bag.

In a joint statement released by the National Chairman, Prince David Iweta, and National Secretary, Chief Reagan Ufomba, the association commended the Works Minister’s advocacy for cement-made roads but cautioned against potential consequences if the supply-side challenges are not addressed comprehensively.

The cement producers proposed a solution, emphasizing the need for road designs that facilitate the concurrent use of cement technology and asphalt pavement. They argue that such designs would allow contractors ample time for investment in necessary equipment and retooling, ensuring a smoother transition.

According to the statement, “Our findings across the country indicate that cement prices can surge to as high as N6,000 per bag during the rainy season. With the Minister of Works’ endorsement of cement technology and the President’s housing directives, we predict prices could exceed N9,000 per bag in the dry season if proactive measures are not taken.”

The association also urged the government to expedite the backward integration policy initiated during the late Yar’adua administration, which had started to positively impact cement availability and affordability.

They emphasized the necessity of breaking monopolies and favoritism in the sector, urging the government to expand participation with companies demonstrating verifiable local investment.

They further called for harmonization between fiscal and monetary policies, intervention in the foreign exchange market, restructuring of manufacturers’ bad loans, and a review of palliative measures to revive manufacturing concerns and reduce dependence on elusive foreign direct investment.

The Cement Producers Association of Nigeria’s statement underscores the urgency of addressing these issues to ensure the stability of the cement industry and maintain affordable prices for Nigerians, especially amid ambitious infrastructure projects.