Sharp Daily
  • News
  • Business
  • Technology
  • Real Estate
  • Opinion
  • About Us
No Result
View All Result
Sharp Daily
  • News
  • Business
  • Technology
  • Real Estate
  • Opinion
  • About Us
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

Analysis

Dangote’s USD 660.0 mn pipeline plan and the future of East Africa’s energy infrastructure

September 25, 2026
News

Green Bond Financing is Powering Africa’s Energy Transition

September 25, 2026
News

Dangote to Break Ground on Lamu Refinery Next Week

September 25, 2026
News

Kenya’s Bank Consolidation Cycle Reshapes the Investment Case for Smaller Lenders

September 25, 2026
News

From Supermarket to Stock Market: Quickmart’s Rise and NSE Ambitions

September 25, 2026
Business

Kenya’s forex reserves rise to $15.1 billion

September 25, 2026

LATEST STORIES

Dangote’s USD 660.0 mn pipeline plan and the future of East Africa’s energy infrastructure

September 25, 2026

Green Bond Financing is Powering Africa’s Energy Transition

September 25, 2026

Dangote to Break Ground on Lamu Refinery Next Week

September 25, 2026

Kenya’s Bank Consolidation Cycle Reshapes the Investment Case for Smaller Lenders

September 25, 2026

From Supermarket to Stock Market: Quickmart’s Rise and NSE Ambitions

September 25, 2026

Ed Sheeran Tour Crisis as Openers Quit Over Macklemore Removal

September 25, 2026

Kenya’s forex reserves rise to $15.1 billion

September 25, 2026

QVSE Investment Scam: How Kenyans Lost Billions in Fake Trading Scheme

September 24, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • News
  • Business
  • Technology
  • Real Estate
  • Opinion
  • About Us

Sharp Daily © 2024