Sharp Daily
No Result
View All Result
Saturday, December 20, 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

News

Are We Saving or Just Surviving? The New Meaning of Savings

December 19, 2025
News

Should Kenya’s National Infrastructure Fund Be a Corporate Entity?

December 19, 2025
News

Why Cash Still Matters in a Digital Money World

December 19, 2025
News

Tala’s USDC Credit Plan Signals a New Era for Blockchain-Based Lending

December 19, 2025
News

Health Insurance Fraud in Kenya: Why Insurers Must Rethink Their Risk Management Approach

December 19, 2025
News

Is Kenya Ready for Its Own Development Finance Institution?

December 19, 2025

LATEST STORIES

1049795356

The Impact of Interest Rates, Inflation, and Exchange Rates on Kenyan Pension Schemes

December 20, 2025

Are Pension Funds in Kenya Too Conservative for a Growing Economy?

December 19, 2025

Are We Saving or Just Surviving? The New Meaning of Savings

December 19, 2025

Should Kenya’s National Infrastructure Fund Be a Corporate Entity?

December 19, 2025

Why Cash Still Matters in a Digital Money World

December 19, 2025

Is Government a Facilitator or an Investor? Rethinking the State’s Role in Economic Development

December 19, 2025

Tala’s USDC Credit Plan Signals a New Era for Blockchain-Based Lending

December 19, 2025

Health Insurance Fraud in Kenya: Why Insurers Must Rethink Their Risk Management Approach

December 19, 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