TheCable

Premium Times and Voices of the African Continent (VOTAC), an integrated figital media company, have announced their partnership for the coverage of African capital markets.

VOTAC, in collaboration with Premium Times, will produce African Capital Market (ACM) Today, a financial news programme live-streamed from studios in San Francisco, US, and Abuja.

In a statement issued on Tuesday, the companies said the partnership will help increase foreign direct investment (FDI) on the continent.

According to the statement, ACM Today is designed to “aid innovation, increase foreign direct investment, and economic mobility on the continent”.

It added that “the program will ensure transparency in market activities and data and ensure the broadcast standards that consumers of financial news are accustomed to are maintained”.

“It is no longer what Africa is today but what it is becoming. By providing a global media platform, Premium Times and VOTAC will offer subject matter experts, industry and market analysts, commentators, investigative and financial news journalists with in-depth knowledge of Africa, guided by professional disciples,” the statement read.

Commenting on the synergy, Dapo Olorunyomi (pictured), publisher of Premium Times, said: “The African diaspora is going to play a critical role in Africa’s civil and economic transformation. Already, Nigeria’s diaspora remittances are the nation’s second largest source of foreign exchange.

“In addition to their resources, the diaspora brings their energy, experience, and networks, which combined with the local know how of domestic institutions is certain to create value on the continent. We already see these positive synergies in our partnership with VOTAC.”

On his own part, Abraham Tuyo, founder and CEO of VOTAC, said, “we believe Africa and Africans need to take charge of news reporting economic activities on the continent; Global readership of Premium Times is proof that Africa and Africans produce news stories on par with the rest of the world.”