Sharp Daily
No Result
View All Result
Friday, June 27, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Ministry confirms Grammy partnership for Africa Academy HQ in Kenya

Huldah Matara by Huldah Matara
December 20, 2024
in News
Reading Time: 1 min read

Kenya is poised to host the Africa Academy, a flagship initiative by Grammy Global Ventures (GGV) to expand its footprint on the continent. The Ministry of Youth Affairs, Creative Economy and Sports confirmed the development, citing Kenya’s strategic advantages and compliance with the $2.5 million financial obligations.

“The project is a milestone in positioning Kenya as the epicenter of entertainment in Africa,” said Cabinet Secretary Kipchumba Murkomen in a statement. The Academy will feature a headquarters and regional centers, with plans to stage Grammy-branded events in Rwanda, Nigeria, and South Africa.

The collaboration underscores Kenya’s ambition to become a hub for creative arts and media. The Ministry highlighted that the Africa Academy will empower local music creators by providing access to Grammy’s technological resources, networks, and expertise. “This will not only showcase our cultural heritage globally but also contribute significantly to our local economy through job creation, business activity, and enhanced media production infrastructure,” the statement read.

Kenya has already met the financial commitments required under the September 25, 2023, agreement, benefiting from the Kenya Shilling’s appreciation against the US Dollar. This cost efficiency has bolstered Kenya’s bid as the preferred host country. However, the Ministry clarified that at least two founding member countries must also pay the $2.5 million fee to operationalize the Academy.

RELATEDPOSTS

Ruto unveils deals with Grammys, Meta, Hollywood studios

December 12, 2023

In preparation, Kenya plans to host the Academy at the 160-acre Digital Media City in Konza Technopolis. Financing agreements with the Republic of Korea for construction are in the final stages, with the project currently at the design phase.

 

Previous Post

Ruto reshuffles cabinet, appoints former Uhuru allies to key positions

Next Post

Evaluating the best methods for acquiring assets

Huldah Matara

Huldah Matara

Versatile multimedia journalist with a keen interest in compelling stories that resonate with my audience. Reach out on huldahmatara12@gmail.com

Related Posts

Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025

LATEST STORIES

The mechanics of currency manipulation

June 27, 2025

Understanding how to access your pension savings in Kenya.

June 27, 2025

What happened to president Ruto’s economic dream?

June 27, 2025

Opinion: Populism feeds votes, not growth

June 27, 2025

Competitive advantages of small businesses

June 26, 2025

Opinion: Invest in sports for national prosperity

June 26, 2025

Ethiopia’s access to Eritrean ports is a game-changer for trade

June 26, 2025

The importance of internships and mentorship for young graduates: Insights from Cytonn Young Leaders Programme

June 26, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024