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Econet Media Refocuses Business towards a Digital Future

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KWESE is changing it’s business model ditching satellite television for streaming.

BELOW IS A STATEMENT ON THE SAME

Econet Media Refocuses Business towards a Digital Future

Lusaka, Zambia, 2 November 2018 – In order to maintain its position as a leader in broadcasting innovation in Africa, Econet Media has reviewed its business strategy and service offerings, to align them to changes in the global digital and satellite broadcasting sector, and growth in access to mobile and fixed broadband on the continent.

The strategy review will see Africa’s leading multiplatform broadcast network focus on three core services; Kwesé Free Sports (KFS), Kwesé iflix and Kwesé Play.  KFS is Africa’s largest free-to-air TV service, Kwesé iflix is Africa’s leading mobile video-on-demand sports and entertainment platform while Kwesé Play is a leading edge video streaming service with more than 200 sports, entertainment, kids and news channels including Red Bull TV, NBA, YouTube, TED and Bloomberg.

With increased focus on these three services, Econet Media will streamline its direct-to-home satellite television service effective 2nd November 2018. This will see the reduction of third party channels available on the bouquet, as well as the removal of Kwesé branded sports (excluding KFS) and general entertainment channels. The broadcaster’s new bouquet will carry FTA, religious, and free news channels which will be available to viewers for a minimal fee, as the broadcaster will waive monthly subscription fees. Kwesé subscribers who have already paid their subscriptions for the month of November, or in advance, will receive a full refund.

Kwesé was launched at a time when the global pay television industry was in transition. Business models were evolving from traditional content rights linked to linear broadcast channels, to premium content rights moving towards digital media platforms.

Kwesé has built a satellite TV business with presence in 11 markets, a free-to-air business across 27 countries, delivered the 2018 FIFA World Cup Russia™ across Africa to a network of 115 sub-license broadcasters across 37 countries – reaching over 200 million households, acquired a controlling stake in a leading mobile video-on-demand service, and launched its own OTT service Kwesé Play. The business has also managed to secure leading sports rights and general entertainment channels to build a compelling content offering across its platforms, making a significant shift in the continent’s complex and competitive media industry.

Having recognized the importance of carrying original local content, Econet Media will also establish its own content creation hub, Kwesé Studios. Through Kwesé Studios, Econet Media will invest in developing its own original programming and provide a platform for African producers, script writers, actors and directors to tell authentic African stories on a pan-African broadcast network.

These changes are in keeping with Kwesé’s commitment to providing affordable premium content, maintaining an innovative approach to content delivery and being attuned to audience viewing and purchasing habits.

Joe Hundah, Group President and Chief Executive of Econet Media, says the business’ repositioning is perfectly timed in response to market trends.

“We believe these changes will safeguard the future success of our business as we continue to make an indelible impact on Africa’s media industry. The revised business strategy will also ensure that Kwesé TV continues to remain competitive within the industry. Refocusing our business offering across markets, is a strategic move which aligns our business to OTT and video-on-demand trends which present significant growth opportunities for Kwesé. This renewed focus on digital services will see us provide new compelling offers for our customer’s enjoyment.”

“Additionally, through the development of the Kwesé Studios content hub, Econet Media will now have a legitimate claim to being the home of African content, as we will now create a place where Africans can tell their own stories and shape their own narrative.”

“Kwesé’s entry into the market had a game changing impact on the media industry. With these changes, we believe Kwesé will continue to positively disrupt the industry for the benefit of African consumers, as we continue to provide affordable premium content through digital media services.”

Business

Zambians traveling to Dubai urged to check their travel documents

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THE Zambian Consulate in Dubai says it is concerned with the increased number of nationals travelling to other countries via Dubai being denied passage due to lack of Travel Permits.

And the Consulate has has advised all Zambian travelers wishing to transit through Dubai to ensure that they carry with them all the necessary travel documents in the country of destination such as travel Visa, valid passports, COVID-19 negative tests and pre-approval Travel Permits.

In a statement, Consulate second Secretary for Accounts Musonda Chella said cautioned that due to the COVID-19 pandemic, most countries around the world have introduced special permits which need approval before one travels. Sometimes this application has to be submitted 24 hours to 14 days prior to the date of travel.

He observed that some Zambians have travelled without special travel permits via Dubai where the airlines from the United Arab Emirates prevented them from proceeding further to the countries of destination.

“This has caused panic and inconvenience as the nationals have incurred extra costs on tickets, spent nights in the airports, and in other cases sent back to Zambia,” Chella said.

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Agriculture

K 5.7 billion allocated for FISP to benefit 1 million small-scale farmers

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MINISTER of Finance Dr. Bwalya Ng’andu has disclosed that government has allocated a whopping K5.7billion for the Farmer Input Support Programme (FISP) to support over one million small-scale farmers in the 2020-2021 farming season.

Presenting the national budget in the National Assembly, Dr. Ngandu said government had also allocated K517.5million for the national food strategic reserve.

“Mr. Speaker, the Economic Affairs function has been allocated a total of K21.5 billion,” he said.

“Notable expenditures include K5.7 billion on the Farmer Input Support Programme (FISP), targeting one million farmers across the country”, he said.

“Further, for the country to be food secure, I have set aside K517.5million for the national strategic food reserve”, he said

Dr. Ngandu also announced support to the livestock sector by promoting a programme to restock and control cattle diseases.

“Sir, to promote the livestock sub-sector, Government will continue with the Livestock Stocking and Restocking Programme out of which at least 30 percent of the beneficiaries are youths”, he said

“In the first half of 2020, a total of 3,100 households benefitted from the Programme. With regard to animal
health, a total of 283,000 animals
have been vaccinated out of the 2020 target of 290,000 under the Livestock Vaccination Programme”, he said.

He also announced a loan programme in the agriculture sector to primarily benefit young people.

“Mr Speaker, Government is
implementing the Zambia Aquaculture Enterprise Development
Project aimed at stimulating a viable aquaculture sub-sector”, he said

“In 2020, the Project, through the Citizens Economic Empowerment
Commission(CEEC), has disbursed loans worth K6.3 million to 637 aquaculture entrepreneurs”, He said

“These loans are targeted at empowering youths and women “. he said

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Business

2021 Budget is pro-poor, aims to safeguard livelihoods and protect the vulnerable

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FINANCE Minister Dr Bwalya Ng’andu’s budget has been welcomed by many who say the budget will safeguard the interests of the poor, who have been hit hard by the recent economic slow down caused by COVID-19.

Minister Dr Bwalya Ng’andu tabled the budget at the National Assembly on Friday afternoon where he proposed to spend K119.6 billion in 2021 which translates to 32.6 percent of GDP. Of this amount, K68.0 billion, representing 18.5 percent of GDP, will come from domestic revenues and grants. The balance of K51.6 billion will be raised through financing.

“Mr. Speaker, the 2021 Budget clearly lays a foundation for economic recovery, build resilience, safeguard livelihoods and protect the vulnerable. The thrust and priority for 2021 and the medium term will, therefore, be to re-invigorate growth, restore macroeconomic stability, attain fiscal fitness, restore debt sustainability and dismantle domestic arrears and at the same time safeguard social protection spending” he said.

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Foxdale Forest – Phase 2 Selling

ZAMBIA: COVID-19 STATS

26 Sep 2020, 9:49 AM (GMT)

Zambia Stats

14,515 Total Cases
332 Deaths
13,643 Recovered

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