Premium Times and VOTAC (Voices of the African Continent) announce their strategic alliance for news coverage of African Capital Markets.
“With 29 stock exchanges representing 54 countries (markets), a $2.5 trillion of Nominal GDP (2019 estimates), economic growth stabilized at 3.4 per cent in 2019 and expected to hit 3.9 per cent in 2020 and 4.1 per cent in 2021 (AfDB, 2020),” the two organisations said.
“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.”
Premium Times is an investigative journalism powerhouse, as evidenced by its coverage of Nigeria, Africa’s largest GDP, and numerous international awards.
The Premium Times website has a huge audience and is often cited by news outlets on its reporting of events in Nigeria and Africa.
VOTAC is an Integrated Digital Media company, with offerings in Content, Exchange, and Experience.
VOTAC will produce, in collaboration with Premium Times; ACM TODAY (African Capital Market), a financial news programme, live-streamed from studios in San Francisco and Abuja.
ACM TODAY will also be carried on U.S. cable networks reaching 33 million television households; and will be available on local television channels in these U.S. media markets: Atlanta, Chicago, Dallas, Houston, Philadelphia, Los Angeles, and New York Tri-State Area (New York, New Jersey and Connecticut.).
ACM TODAY is designed to aid innovation, increase foreign direct investment, and economic mobility on the continent.
The programme will ensure transparency in market activities and data and ensure the broadcast standards that consumers of financial news are accustomed to are maintained.
“For more than a century, foreign direct investment (FDI) in Africa was almost exclusively focused on the extraction and export of natural resources,” the two organizations said. “But since the turn of the millennium, the momentum has shifted.
“In the past few years, the trend has finally flipped. Global investors now come to Africa for the promise of its people than for its physical properties. Petroleum and mining now count for a minority of long-term capital inflows, with more investors focused on technology, telecommunications, retailing and services.
“The extractive industries have accounted for more than half of FDI just once in the past seven years. Africa’s labour force is projected to be nearly 40 per cent larger by 2030. Africa’s infrastructure financing needs are estimated to be $130–$170 billion a year (EY, 2020).
“We are proud of our partnership with VOTAC. 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.”
Dapo Olorunyomi, Publisher, Premium Times, said of the alliance: “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 and its proprietor, Abraham Tuyo.”
Abraham O. Tuyo, Founder & Interim CEO, VOTAC, said of the partnership: “In Premium Times we have a partner with deep roots and history in investigative journalistic excellence. 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.”
About Premium Times Nigeria
Premium Times publication portfolio include Premium Times (Nigeria and Ghana), Dubawa (Nigeria and Ghana) Campus Reporter, and PT Data.
Premium Times is followed by 1.2 million subscribers on Facebook, 1.4 million on Twitter, and over 239,000 on Instagram.
Premiumtimesng.com receives millions of unique views monthly; significant site traffic is registered in the United States, United Kingdom, Europe, and Nigeria.
Premium Times ranks among top newspapers read outside of Africa: a primary source of current affairs and news for foreign missions around the globe. The paper’s team of investigative journalists have won several national and international awards including a shared Pulitzer (as part of an ICIJ team) and the Global Shining Light Awards.
Dapo Olorunyomi, the Publisher, is one of the 2020 recipients of the prestigious Committee to Protect Journalists award.
Premium Times is headquartered in Abuja, Nigeria.
About VOTAC (Voices of the African Continent)
VOTAC is an Integrated Digital Media company, with offerings in Content, Experience and Exchange.
VOTAC’s Content includes ACM TODAY™️ & ACM DATA (African Capital Markets News Broadcast and Business Intelligence Data Services), Bintu & Friends™️ (Children’s Animation Series), Newscast54™️, Daylight Africa Weekday and Weekend (a News Magazine Programme), Let’s Get Specific (a weekly current affairs programme), and films and documentaries.
VOTAC Content delivery is via live-streaming to mobile apps, and to U.S. cable network systems; available in over 33 million television households, and local television in these U.S. media markets: Atlanta, Chicago, Dallas, Houston, Philadelphia, Los Angles, New York (includes New Jersey and Connecticut).
VOTAC Experience is a technology and human capital enabling development and promotion of travel and tourism to and within Africa. VOTAC Exchange is technology and tools designed to enable talent and tangible commerce within and outside the continent.
VOTAC is headquartered in California (San Francisco), United States
For additional information: Contact: Premium Times (Nigeria)T: +2348040010605E: firstname.lastname@example.org W: https://www.premiumtimesng.com/
Contact: VOTAC (Voices of the African Continent) T: +1(415) 868-4262E: email@example.com W: https://votac.net/
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