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Ghana: Juls signs global partnership with Africa Creative Agency

Ghana: Juls signs global partnership with Africa Creative Agency

SA: Jaiva Zimnike releases tenth solo album ‘Iksasa Alaziwa’

SA: Jaiva Zimnike releases tenth solo album ‘Iksasa Alaziwa’

SA: The Joy explore Zulu heritage and belonging on new EP

SA: The Joy explore Zulu heritage and belonging on new EP

Zim: Young Gemini collaborates with Fifi Cooper on new single ‘What’s Happening’

Zim: Young Gemini collaborates with Fifi Cooper on new single ‘What’s Happening’

SA: DJ Tira sets 20 November release date for new EP

SA: DJ Tira sets 20 November release date for new EP

ACCES nominated for best music biz conference at MBAA

ACCES nominated for best music biz conference at MBAA

Senegal: Orchestra Baobab release first studio album in nine years

Senegal: Orchestra Baobab release first studio album in nine years

Nigeria: Ṣẹwà named Spotify’s EQUAL Africa Artist for November

Nigeria: Ṣẹwà named Spotify’s EQUAL Africa Artist for November

Afrofest and StageVibes offer ACCES-affiliated artists performance opportunities in Toronto

Afrofest and StageVibes offer ACCES-affiliated artists performance opportunities in Toronto

CANEX WKND 2026 to kick off in Lagos on 5 Nov with an expanded creative industry programme

CANEX WKND 2026 to kick off in Lagos on 5 Nov with an expanded creative industry programme

KAMP elects new seven-member board after three-year term under Angela Ndambuki

KAMP elects new seven-member board after three-year term under Angela Ndambuki

Ghana: Mr Eazi and MOLIY’s ‘Comfort’ earns Urban Music Awards nomination

Ghana: Mr Eazi and MOLIY’s ‘Comfort’ earns Urban Music Awards nomination

NEFCISA
NEFCISA

The Music In Africa Foundation (MIAF) is proud of its partnership with the Industrial Development Corporation (IDC) as a Strategic Implementing Partner (SIP) for its Social Employment Fund (SEF). Through this collaboration, MIAF is running a national programme that is creating jobs, addressing skills gaps, and strengthening South Africa's creative industries — in line with the SEF's overarching goal to generate work for the common good and build community value through employment, social contribution, and inclusive economic participation. Operating under the banner NEFCISA (National Employment Facility for Creative Industries in South Africa), the initiative is recruiting and training participants, matching them with host organisations, and has already placed 1 500 workers across the country — surpassing its original target of 1 000. NEFCISA is delivered through a network of 20 host organisations spanning five provinces, who are actively hosting participants and contributing to work for the common good across South Africa's creative and cultural industries. Key Objectives: Support employment and entrepreneurship in the creative industries. Offer skills development and training programmes. Foster partnerships between public and private creative sectors. Promote South African creativity at both provincial and national levels Foster community development through social contribution.

ACCES
ACCES

ACCES Conference and Showcase Festival is Africa's leading music industry gathering, bringing together the people shaping the future of the continent's music business. Artists, entrepreneurs, executives, investors, policymakers and cultural leaders from across Africa and around the world come to ACCES to build partnerships, exchange ideas, discover talent and create new business opportunities. Since its launch in 2017, ACCES has become the continent's premier platform for professional exchange and music market development. Combining a high-level conference with a curated showcase festival, networking, exhibitions and industry programmes, ACCES offers a unique space where creativity meets business and where African music connects with the global industry.

Gender@Work
Gender@Work

Music In Africa Gender @ Work is a three-year training programme aimed at upskilling and increasing the participation of female professionals in the African music sector. Launched by the Music In Africa Foundation (MIAF) in April 2019, the programme is connected to the MIAF’s ACCES music conference – a pan-African event held in a different African country every year. This connection enables the programme to reach new participants in a different African country every year. The programme marks the beginning of a more concerted effort by the Foundation to support the participation and inclusion of women in all facets of its programmes and the music sector in Africa as a whole. Over the three years, the programme will aim to address gender imbalances in the sector through training, lobbying, facilitating knowledge exchange and dialogues that foster the interest of women. The broader objectives of the programme are to: Provide industry training for women on critical music industry skills, focusing on: Stage management Electronic music production and recording Music business management Technical knowledge Provide an opportunity for both professional and aspiring women to benefit from the Music In Africa network and its broad range of activities in 2019, 2020 and 2021. Provide a solution-based platform in the form of a round table at ACCES with a view to identify challenges, discuss opportunities and lobby for the interests of female practitioners. Offer participants the opportunity to benefit from programmes offered by MIAF’s partners. Increase access to educational materials. Integrate participants in the broader ACCES programme to maximise experience and exposure to the industry. Record and present training materials on the www.musicinafrica.net, including but not limited to tutorials, templates and other best-practice materials. Communicate women-based themes that support the initiatives and messages of the programme. MAIN TRAINING ACTIVITIES Training in first country (Ghana): In the first year, participants will be trained on all aspects of stage management by a team of experienced stage managers from 10 to 17 November 2019. The programme will offer robust classroom training as well as practical, hands-on training in which participants will also be given the opportunity to manage various aspects of the ACCES performance programme. Training in second country: The second training iteration will take place at ACCES 2020 when the programme will diversify its course to include music production lessons and training on other music business topics. A round-table platform will also be introduced to coincide with the ACCES programme. Training in third country: The third training iteration will take place at ACCES 2021 in a different country, offering an advanced course. HOW DO YOU GET INVOLVED?  As a participant, facilitator or trainer: The programme enrolls up to 12 trainees every year. All opportunities are advertised publicly on this website, and will be added to this page. Please keep checking this page for new calls (below under UPDATES & CURRENT OPPORTUNITIES). As a partner Please contact Claire Metais at [email protected]. APPLY The call for applications for 2020 will be announced soon. The Music In Africa Gender @ Work programme is made possible with the support of the Prince Claus Fund, Siemens Stiftung and Goethe-Institut.

Sound Connects Fund
Sound Connects Fund

For cultural and creative practitioners and organisations operating in southern Africa, access to funding remains a major challenge. The COVID-19 pandemic has also had a massive impact on government policy, spending and the economy in general, and has seen spending on culture being moved further down the list of priorities. Further, the cultural and creative industries repeatedly cite four main areas where investment is needed for growth, which are increased visibility, mobility including access to new markets, finance and support structures.

Instrument Building And Repair Project
Instrument Building And Repair Project

Experience the Vibrations African Instruments Exhibition online in 3D

Music In Africa
Home / Magazine / News
News

Universal sells $2.8bn stake to Pershing Square

Butchie Seroto By Butchie Seroto

12 Aug 2021 - 13:18

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Pershing Square Holdings (PSH) this week confirmed that it had acquired 7.1% of Universal Music Group for $2.8bn.

Bill Ackman.

PSH, which trades on the London Stock Exchange, should not be confused with Pershing Square Tontine Holdings (PSTH) – a special purpose acquisition company that is also owned by American investor and hedge fund manager Bill Ackman. In June, PSTH announced that it would acquire 10% of Universal by September and later backtracked on the deal, saying another division of its group would take over the acquisition.

PSH’s acquisition was based on a previously agreed enterprise valuation of Universal, which capped Universal’s price tag at €35bn. The firm did not commit to buying the initial 10% stake offered to PTSH. Additionally, Ackman secured the option to buy the 2.9% shortfall of the initial deal.

“PSH and its affiliates have the right to acquire up to an additional 2.9% of UMG’s ordinary shares at the same price per share by 9 September 2021, which right Pershing Square intends to exercise,” PSH said.

Universal’s parent company, Vivendi, said if Ackman decided to acquire the remaining 2.9% stake, he would buy the shares “through funds which he manages or in which he holds the majority of economic interest, based on the same valuation.”

The billionaire has until 9 September to do so and Vivendi has to sell the 2.9% before it lists on the Euronext Amsterdam stock exchange on September 21.

“Vivendi is very satisfied with the arrival at UMG of Mr Ackman, a major American investor, providing once again evidence of the music company’s global success and attractiveness,” the French media conglomerate said.

Not taking the 2.9% into account, Universal will be owned by Vivendi (10%), PSH (7.1%) and a consortium led by Tencent Holdings (20%) – while 60% of the music company will be traded on Euronext.

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