African Web video service Iroko raises more funds, targets cable TV

July 16, 2012

A store in Nairobi, Kenya selling Nollywood movies (Photo: Reuters)

Iroko Partners, an online distributor of African movies and music, has raised another $2 million in its latest round of funding from a Swedish venture capital group as it seeks to take the service to cable and satellite TV partners in the U.S. and Europe.
The Lagos, Nigeria-based company raised the funds from Sweden’s Kinnevik, an early investor in Groupon Inc. Iroko previously raised $8 million from U.S.-based hedge fund Tiger Global in April as investors in emerging markets seek to tap into one of the fastest growing movie businesses in the world.

Nigeria’s central banker could turn author

April 16, 2012

Central Bank of Nigeria Governor Lamido Sanusi (Photo: Reuters)

What does a Central Bank governor do after leaving office? Many return to the private sector in some sort of consultancy role. Others, especially when they’re as outspoken as Nigeria’s banking chief Lamido Sanusi, tend to turn to politics. But Sanusi told Reuters in a recent interview he has no interest in politics and sees himself instead as something of a “public intellectual”. “I can do more good outside of government.”