Africa Business Media Innovators 2015

Event Highlights

An influential group of nearly 100 media, technology and business leaders from 12 countries – including 10 African nations, the UK and the US – gathered in Johannesburg, 9-11 November for the first Bloomberg Africa Business Media Innovators 2015 forum. Convened by Bloomberg and hosted by Justin Smith, CEO of Bloomberg Media, and Matthew Winkler, Co-Founder of Bloomberg News and Editor Emeritus, the forum explored the role business and financial journalism will play in driving the economic success on the continent and contributing to inclusive and sustainable growth. The meeting also encouraged development of new strategies to optimize future media success.

Participants included media owners, senior editors, investors, and entrepreneurs from Botswana, Ethiopia, Ghana, Kenya, Mozambique, Nigeria, South Africa, Tunisia, Uganda, UK, US, and Zimbabwe. An executive survey of approximately 50 of these industry experts conducted in advance of the convening revealed that collaboration between African and foreign journalists, investment in journalism training, better access to public and private data and growing mobile adoption are considered the most important factors in driving better business and financial journalism on the continent. These and other key issues, including the development of sustainable media business models and harnessing innovation to drive growth, were discussed in a series of workshops, panel discussions and town hall interviews over the course of a highly interactive forum.

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Global Media Trends presentation
By Justin Smith, CEO, Bloomberg Media.

Click here for Justin Smith’s ‘Global Media Trends’ presentation.

Click here for Matt Winkler’s ’10 Years Out of Africa –Leading Emerging Markets’ presentation.

Click here to see additional photos.

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Market Forces Panel: African Media and the Future of the Global Economy
Moderated by Matt Winkler, Editor Emeritus, Bloomberg News

The New African Media Model Panel: Investment and Scale on the Continent
Moderated by Justin Smith, CEO, Bloomberg Media

Global Media Trends:
A presentation from Justin Smith, CEO, Bloomberg Media

DAY ONE:  9 November, 2015
Time Description
6.00 pm Welcome Networking Reception and South African Barbecue
DAY TWO:  10 November, 2015 – The Business of Media
Time Description
8.30 am Breakfast Networking Reception
9.15 am Welcome to the Bloomberg Africa Business Media Innovators 2015

Erana Stennett, Director, Bloomberg Media Initiative Africa
Justin Smith, CEO, Bloomberg Media
Paul Nwulu, Program Officer, Office for West Africa, Ford Foundation

9.30 am Market Forces
African media and the future of the global economy

Transformational changes are underway throughout the continent, including significant demographic shifts, surging economic growth, and widespread adoption of mobile technology. What trends are most important for creating the Africa of tomorrow? What is the economic outlook for leading African economies over the next five years? What challenges and opportunities do international investors need to know more about? In this opening scene-setter, a diverse panel of cross-industry experts explores the future of the global economy from the African perspective and examines the role of media in driving international investment, security, economic growth, and market transparency across the continent.

Host: Matt Winkler, Editor Emeritus, Bloomberg

Trevor Ncube, Owner, Mail & Guardian
Jay Ireland, President and CEO, GE Africa
Phuti Mahanyele, Executive Chairperson, Sigma Capital
Colin Coleman, Managing Director, Goldman Sachs Africa
James Mwangi, Executive Director, The Dalberg Group

10.30 am Global Media Trends
A presentation from Justin Smith, CEO, Bloomberg Media
10.45 am World Café Sessions
Three curated clusters of 25 participants will engage in interactive, facilitator-led roundtable discussions on creating the media businesses of tomorrow. Each group will rotate into three different sessions throughout the day.

World Café Round 1: 10.45 am – 12.00 pm
Lunch: 12.00 pm – 1.00 pm
World Café Round 2: 1.15 pm – 2.30 pm
World Café Round 3: 2.45 pm – 4.00 pm

    Session 1 New Business Models
Building the African media businesses of tomorrow

World café participants will collaborate to design new media models that will contribute to a robust and scalable financial journalism in Africa. This session will explore new uses of data, transitions to digital media, audience development, product innovation, diverse revenue streams, and entrepreneurial journalism.

Facilitator: Jeff Jarvis, Founder, Buzzmachine.com

    Session 2 Emerging Technologies
Harnessing innovation to drive growth and development

World café participants will identify how the technological forces they see most influencing the future of media can be best used to promote strong financial reporting and inclusive economies in Africa. These may include the rise of mobile, the increasing dominance of web-based platforms, social media, the expansion of internet access and new infrastructure, and new global content distribution channels.

Facilitator: Ory Okolloh, Director of Investments, Omidyar Network

    Session 3 The Information Economy
How financial data can build and sustain healthy markets

Access to high-quality data and information is vital for healthy markets and a thriving business and financial journalism industry. World café participants will examine the role market, industry, business, and personal data plays in the current journalism landscape – and envision ways it can be better collected, validated and distributed for maximum positive impact.

Facilitators: Rob Withagen and Greg Cohen, Founders, Asoko Insight

4.15 pm The New African Media Model
Investment and scale on the continent

How do new media ventures attract the right mix of financial resources, human capital, mentorship and organisational knowledge – to grow and thrive on the continent and beyond? This session explores how global investors, entrepreneurs and innovators at legacy media organizations can work together to direct intelligent capital into the media businesses of tomorrow.

Host: Justin Smith, CEO, Bloomberg Media

Omar Ben Yedder, Group Publisher, IC Publications
Scott Havens, former SVP, Digital, Time, Inc.
Joseph Muganda, CEO, Nation Media Group
Teresa Clarke, CEO, Africa.com
Turi Munthe, Venture Partner, North Base Media

5.15 pm Break
6.30 pm Pre-dinner Drinks and Network Reception
7.15 pm Banquet Dinner

Dinner program

Performance by South African Singer, Songwriter Vusi Mahlasela

DAY THREE:  11 November, 2015 – The Business of Storytelling
Time Description
8.00 am Breakfast Networking Reception
9.00 am Welcome Remarks
Recap and highlights from Day one

Justin Smith, CEO, Bloomberg Media

Introductory Remarks
Disrupting the narratives around inequality and social justice

Nicolette Naylor, Regional Representative, Office for South Africa, Ford Foundation

9.15 am Stories From Tomorrow
Interactive town-hall style discussion envisioning the African newsrooms of the future – and predictions about the trends and issues that will drive the continent forward over the next five years.

Host: Matt Winkler, Editor Emeritus, Bloomberg

Zach Seward, Vice President of Product and Executive Editor, Quartz
Solomon Mugera, Africa Editor, BBC
Uzo Iweala, Editor in Chief, Ventures Africa
Ferial Haffajee, Editor, City Press

10.15 am World Café Sessions
Three curated clusters of 25 participants will engage in interactive, facilitator-led roundtable discussions about the stories driving Africa’s future.
    Session Letters from the Editors
Creating action plans to tell the stories from tomorrow

Building off the opening session, world café participants will share the stories they see as most important to the future of the continent – from business and economics to domestic and foreign policy, good government and security to culture and social innovation. What are the long-term strategies for covering – and promoting these important stories – and how can financial journalists cover these topics in the most compelling and accurate ways?

Facilitators:
Ory Okolloh, Director of Investments, Omidyar Network
Sara Menker, Founder, Gro Intelligence
Jeff Jarvis, Founder, Buzzmachine.com

12.00 pm Lunch Program
Reflections and calls to action

Hosts:
Justin Smith, CEO, Bloomberg Media
Matt Winkler, Editor Emeritus, Bloomberg

Ory Okolloh, Director of Investments, Omidyar Network
Rob Withagen and Greg Cohen, Founders, Asoko Insight
Jeff Jarvis, Founder, Buzzmachine.com

1.30 pm End of Forum

World Café Sessions

Participants of Bloomberg Africa Business Media Innovators 2015 are invited to join a series of world café-style roundtable discussions on topics related to promoting vigorous financial journalism on the continent. These interactive group discussions will enable more lively and active engagement with programme themes – as well as create deeper relationships among the gathered media innovator community.

World Café is a structured, facilitator-led conversational process intended to promote open and intimate dialogue – as well as link ideas within the larger group and accesses the collective intelligence of the room. In response to sets of prepared questions that are aligned with programme themes, participants move within a series of tables and work to create sequential discussion threads. For more information about World Café, see http://www.theworldcafe.com.

At the beginning of each World Café, a facilitator will introduce the session topic and begin to pose questions to the table. In addition to speaking and listening, participants are encouraged to write or sketch on large-format notepaper so that when they change tables, they can see what their colleagues have expressed in words and images. Scribes will be collecting highlights from each of the sessions and sharing them with the wider community throughout the forum.

World café sessions are guided by seven design principles:

  1. Context – Making sure the community is prepared to focus on a specific mission and that they are fully invested in successful outcomes.
  2. Atmosphere – World café tables should be safe and inviting of new ideas so that they will foster open dialogue as well as creativity and listening.
  3. Exploration – Knowledge emerges in response to compelling questions that attract collective energy, insight and action.
  4. Collective wisdom – Ensuring that everyone at the world café contributes their ideas and experiences.
  5. Diversity – Thoughtfully curated tables to encourage diversity of perspectives and new relationships.
  6. Listening – Shared listening that encourages participants to think about patterns and insights – and promotes connections to the larger group.
  7. Sharing – Participants are encouraged to share what they have learned – to ensure that the ideas are properly “harvested” and during and after the event.

Session themes include for the forum include:

New Business Models
Building the African media businesses of tomorrow
World café participants will collaborate to design new media models that will contribute to a robust and scalable financial journalism in Africa. This session will explore new uses of data, transitions to digital media, audience development, and entrepreneurial journalism.

Emerging Technologies
Harnessing new technology to drive growth and development
World café participants will identify how the technological forces they see most influencing the future of media can be best used to promote strong financial reporting and inclusive economies in Africa. These may include the rise of mobile, the increasing dominance of web-based platforms, social media, and the expansion of new global distribution channels.

The Information Economy
How financial reporting can build and sustain healthy markets
World café participants will connect the future of the media industry and financial journalism in Africa to development, business and market goals on the continent. Themes include identifying key objectives for Africa’s financial sector, the role financial media plays in strengthening investor confidence – domestically and internationally – and the relationships media companies should have with the governments and companies they are covering.

Letters from the Editors
Creating action plans to tell the stories from tomorrow
World café participants will share the stories they see as most important to the future of the continent – from business and economics to domestic and foreign policy, good government and security to culture and social innovation. What are the long-term strategies for covering – and promoting these important stories – and how can financial journalists cover these topics in the most compelling and accurate ways?

1_Teresa-Clarke 2_Colin-Coleman 3_Ferial-Haffajee 4_Scott-Havens
Teresa Clarke
CEO
Africa.com
Colin Coleman
Managing Director
Goldman Sachs Africa
Ferial Haffajee
Editor
City Press
Scott Havens
former SVP, Digital
Time, Inc.
 
Jay-Ireland-B120x150 5_Uzodinma-Iweala 6_Jeff-Jarvis 7_Phuti-Mahanyele
Jay Ireland
President and CEO
GE Africa
Uzo Iweala
Editor in Chief
Ventures Africa
Jeff Jarvis
Founder
Buzzmachine.com
Phuti Mahanyele
Executive Chairperson
Sigma Capital
 
Joseph-Muganda-120x150 14_Mugera-Solomon 9_james-mwangi Nicolette-Naylor-120x150
Joseph Muganda
CEO
Nation Media Group
Solomon Mugera
Africa Editor
BBC
James Mwangi
Executive Director
The Dalberg Group
 
Nicolette Naylor
Regional Rep.,
Office for South Africa
Ford Foundation
 
10_Trevor-Ncube Paul-Nwulu-120x150 11_Ory-Okolloh 12_Zach-Seward
Trevor Ncube
Owner
Mail & Guardian
Paul Nwulu
Program Officer,
Office for West Africa
Ford Foundation
Ory Okolloh
Director of
Investments
Omidyar Network
Zach Seward
VP of Product
and Exec. Editor
Quartz
13_Justin-Smith Erana-Stennett-120x150 15_Matt-Winkler 16_Omar-Ben-Yedder
Justin Smith
CEO
Bloomberg Media
Erana Stennett
Director
Bloomberg Media Initiative Africa
Matt Winkler
Editor Emeritus
Bloomberg
 
Omar Ben Yedder
Group Publisher
IC Publications
 

 

Underwritten By

PhilanthropyLogo

With Support From

Ford Foundation logo

 

 12-14 November 2017 Kempinski Hotel Gold Coast City Accra, Ghana

VIEW THE ABMI 2016 REPORT
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For inquiries, please contact
abmi@bloomberg.net

“That was a first class conference. Informative and beautifully organised.” Peter Burdin, Director, Peter Burdin Africa

“Thank you for an overwhelming and thought provoking experience at the Bloomberg ABMI 2015. What a well organised event. Thank you and your team for this opportunity.” Beata Kasale, Publisher, The Voice

“...I also benefited a lot from the forum through the robust discussions and engagements not to mention the great platform for networking. On behalf of Association of Media Women in Kenya, it was a great honour being part of 'Bloomberg Africa Business Media Innovators 2015'.” Faith Kimotho, Association of Media Women in Kenya