Michael R. Bloomberg Launches Bloomberg Media Initiative Africa

Mike Bloomberg announcing the launch of the Bloomberg Media Initiative Africa
On February 3, 2014 in Johannesburg, South Africa Michael R. Bloomberg, founder of Bloomberg L.P., philanthropist and 108th Mayor of New York City, announced the launch of the Bloomberg Media Initiative Africa.

The Bloomberg Media Initiative Africa is a pan-African program to build media capacity, convene international leaders and improve access to information in order to advance transparency, accountability and governance on the continent. The initial focus of the commitment will be on Kenya, Nigeria and South Africa.

The initiative will provide cross disciplinary education programs and mid-career fellowships to increase the number of highly-trained business and financial journalists, convene pan-African forums to examine worldwide media best practices and support research to stimulate media innovations.

Timely and accurate reporting of business and financial matters plays a critical role in advancing efficient markets and is a key driver in supporting economic and social growth. Strengthening business and economic news coverage, expanding training programs for journalists and providing greater access to reliable data about Africa are frequently cited as important enablers to the continent’s continued development.

Press Release

February 3, 2014
Bloomberg announces $10 million commitment to support pan-African business and financial journalism and advance transparency, accountability and governance on the continent.

To view the full press release, please click here.

Underwritten By


With Support From

Ford Foundation logo
Stavros Niarchos Foundation logo

“Reliable data and financial analysis bring transparency to markets and promote sound economic development – and they can help keep Africa growing and creating opportunity.” Michael R. Bloomberg, Founder, Bloomberg L.P., Philanthropist and 108th Mayor of New York City

“Michael’s contribution to Africa comes not just in the form of this [US-Africa Business Forum] summit, but through his latest commitment of $10 million that he made just this February to African countries to build media capacity with a business focus and to promote reliability in reporting, educational opportunities, and the transparencies that markets need in order to give capital confidence to grow.” Secretary of State John Kerry, U.S.-Africa Business Forum

“It will establish the missing link in the development of financial and business journalism, and infuse the genre with the requisite professionalism, ethical and normative values as expressed in international best practices.” Professor Rahamon A. Bello, Vice-Chancellor, University of Lagos, Nigeria

“This effort to deepen the coverage of complex issues holds the promise of advancing good governance and transparency, strengthening civil society organizations and providing the citizens of South Africa, Kenya and Nigeria with crucial information to bolster their democracies.” Darren Walker, President, Ford Foundation