MR. EAZI RAISES $20 MILLION TO INVEST IN AFRICAN MUSIC

Award-winning music artist, Mr. Eazi is launching a fund that will invest in Africa’s stars of the future.

Mr. Eazi, (real name Oluwatosin Ajibade) told CNN that the Africa Music Fund (AMF), is worth $20 million dollars. The lead investor is 88mph, a company that provides capital for African businesses.

Through the AMF, the 29-year-old artist from Nigeria says he wants to create a new funding model for the music business on the continent.

Mr. Eazi says one of his primary motivations for funding music is to provide financial support for artists to expand their catalog.

Many investors and financial institutions don’t understand the business of music and as a result, are unable to properly fund musicians, he says.

“Artists cannot go to banks to get money for their music because financial institutions don’t understand how to secure intellectual property. They get it for physical properties but not for music. So, because not a lot of people understand the music business, there is no finance product for musicians,” he explained.

Investing in music acts

Selected artists will be given funding depending on their revenue and projected incomes, using metrics such as streaming revenue, Mr. Eazi told CNN.

“For artists who already have footprints in the industry, we will just do our research. We can check how much they are earning or likely to earn from their streaming revenue, for example,” he explained.

Artists will be given funds upfront based on their revenue to expand their music content. The initial advance invested in an artist’s music will be paid back in installments as the artist’s earnings start to rise, he added.

Mr. Eazi, who has more than five million monthly listeners on Spotify says the AMF will also create access to a larger audience for music acts by helping them find and book shows as well as distribute their music.

“Let’s say we have a two-year contract with someone. In those two years, we will be their representative, helping them manage their music, and as they grow we will be deducting the initial investment from their earnings,” he explained.

Data backed decisions

Mr. Eazi says his parent company emPawa Africa in partnership with music technology company Vydia will be launching Cinch Distro, a music distribution platform for new artists.

“The way it works is that they register on the platform and make their music. It has an AI-based tech that will filter their possible revenue based on the number of streams they get on the platform alongside a couple of other metrics,” he said.

“The artists basically use the platform to distribute their music and we monitor their progress. That way we can make data-backed decisions about who to invest in,” he added.

The AMF is not Mr. Eazi’s first venture into investing in music and musicians on the continent.

In 2018, he launched emPawa Africa, an incubator program that provided artists with funding and resources to market their music, access radio and TV airplay, and train them to become independent music entrepreneurs.

Through emPawa, some of the continent’s biggest artists like Nigeria’s Joeboy and Ghana’s Kwesi Arthur were discovered.

Data and transparency

Music analyst, Toye Sokunbi says the AMF fund will benefit Africa’s creative sector as it will open more doors for music talents on the continent.

Sokunbi, who is also the founder of Artish, a pop-culture publication in Nigeria, says there may be concerns about how the data on each artist is compiled and used and warns artists to be vigilant.

“Many artists don’t have the same accessibility to important data that music distributors have about their music. They don’t necessarily tell you the exact way they are marketing your music or give artists access to data they can use to maximize revenue for their content. This information imbalance means artists are largely oblivious of much of the audience data farmed from their content,” he told CNN.

According to him, it is important for artists to have access to their own data from the backend so that they can build their own music communities and become less dependent on distribution companies.

However, Mr. Eazi says all artists he funds will have access to information about their content and earning in real-time. “With our tech platform you can see how much you earn in real-time, you can also see how much you owe and how that is being deducted,” he said.

Additionally, Mr. Eazi says he wants to contribute to creating a music industry where Africans are the owners of their own content and intellectual property.

The biggest players in the African music industry are not from Africa, he said. As a result, he wants to create a space for music stars on the continent to become a significant part of the industry.

“I want to look back and be fulfilled knowing that I contributed to getting African equity participation in the music infrastructure that has been built on the continent.”

I’M GOING TO BE THE FIRST FEMALE PRESIDENT OF GAMBIA- Actress Princess Shyngle

Ghana-based Gambian actress, Princess Shyngle, has come out to boldly state her political ambitions and she is aiming for the highest office.

Princess Shyngle, in a post fast gaining engagement on Instagram, stated that she is going to be the president of Gambia soon. By effect, the popular socialite was saying she was going to make history should her dream come through and see her as the first female president of the African nation.

According to the actress, she had a dream, and in that dream, she saw herself as the president of her country, Gambia.

Princess Shyngle said she was going to be the “sexiest” president in the world. She was very positive that her dream will definitely become a reality.

Princess Shyngle is a Gambian actress who spends a lot of time in Ghana. She was Born in Banjul, Gambia on 25th December 1990 to Mr. Winston Shyngle a former deputy mayor of Banjul and Ramatolie Cham.

The actress is not only well-known for her roles in movies but is very popular because of her almost perfect figure 8.
She was recently in the news when she claimed that married men were sending her messages and proposing to her. She sent a warning to them and said she was going to tell their wives.
Source: NKONKONSA.com

STOP ‘BODY-SHAMING’ YOURSELVES – MzGee Tells Female Artistes

Fast-rising Entertainment Journalist Gloria Akpene Acquah a.k.a MzGee has advised female artistes to stop using their music to body-shame and insult themselves.

She was responding to the recent clash between singer Sista Afia and rapper Freda Rhymz which nearly resulted in fisticuffs when the two musicians met at the premises of TV3.

The two female artistes had been bashing each other in a rap battle but something that began as a healthy exchange of lyrical dexterity turned into a physical confrontation after they both felt insulted by the other.

Speaking in an interview with Nkonkonsa.com, MzGee opined that the female rappers’ use of insults on one another doesn’t help to project their music and therefore called on them to engage in healthy lyrical battle that will entertain their music lovers as well as profit their music careers.

To her, she doesn’t have a favourite female artiste but she believes they will be able to be on a par with the best in Ghana’s music industry if only they stop being their own enemies.

”I love all of them. I am proud of what they’re doing but let’s put the insults aside and have a healthy [you know] lyrical wall. Because I believe that, with what’s happening, some people will be getting gigs out of it. Some people might even get some recognitions out of it. I’m sure some of them nobody knew that they even existed…I am all for healthy competition”, she said.

Watch interview below:

Source: NKONKONSA.com 

I PRAY NO MAN GOES THROUGH MY EXPERIENCE – Odartey Lamptey Speaks After 7-Years Ordeal With His Ex-Wife

It is the wish of former Ghana international Nii Odartey Lamptey that no man encounters the sordid experience he endured in the hands of his ex-wife, Gloria Appiah.

Lamptey is on cloud nine after the Court of Appeal rejected an appeal filed by his former wife over his seven-bedroom house at East Legon.

Gloria Appiah was praying the court to annul a High Court ruling that meant that she got GHC200,000, a car, and a four-bedroom house located in Dome as alimony for their divorce.

Fortunately for the former Black Stars player, the legal battle ended with the Court of Appeal upholding the High Court’s earlier decision and he is excited about the development.

In an interview with Kasapa FM, Odartey said he was relieved that finally some finality has been brought to the issue and he can now focus on his life.

“It has not been an easy journey in the last seven years. I’m really happy that it’s over. God has been with me throughout this battle and I’m grateful. It is my prayer that no man goes through this experience. It’s not a good experience at all but I thank God for the strength. I’m really happy”, he said.

The latest ruling brings to an end a protracted legal battle that has spanned seven years. Lamptey began steps to divorce his wife after DNA tests of their three children revealed that he was a father to none of them.

In her defense, Gloria Appiah accused Lamptey of not being able to father a child. It later turned out to be false as Lamptey now has two children with his new partner.

Source: Ghanaweb.com 

POLITICIANS DON’T CARE ABOUT YOU, USE YOUR COMMON SENSE – Yvonne Nelson To Voters

Ghanaian actress Yvonne Nelson in advance has declared the upcoming 2020 elections as worthless.

According to the actress, the December polls will not change anything, therefore, people must use their ‘common sense’.

Yvonne is making this statement as the Electoral Commission is registering electorates and she has made it known that she won’t go and register, considering the Coronavirus risk.

“Politician: stay home, stay safe ~ people: ok ~ Politician: go out and register ~ people: ok ME: the politician doesn’t care about you, use your common sense this election won’t change anything in your life, joining crowded queues endangers your life,” she tweeted.

Yvonne’s comment has, as usual, attracted mixed reactions as fans asked if her decision means she is not going to register to at least vote to support John Dumelo his friend.

Others were also asking Yvonne that why didn’t she notice this when she staged a demonstration against the then NDC government.

DON’T MARRY A MAN JUST BECAUSE OF LOVE – Sonnie Badu Advice Ladies

Gospel Musician and Preacher, Sonnie Badu, has advised women not to just follow love into marriage.

According to the gospel singer who now heads the Rock Hill Church in the U.S, a woman’s decision on the man to marry should be based on strategic selection because one mistake can waste her destiny.

“As a woman, you just don’t go to any marriage because you are in love, he bought me a gift and he is so nice … your destiny has everything to do, you have to be strategic,” he said in a sermon titled ‘The Strategic Woman”.

In a video of the teaching “ a lot of young ladies go for romance and not vision, very soon he’ll start borrowing money from you, he’ll you use your credit card, he’ll put you in debt and by the time you realize you’ve given 1, 2, 3 kids”.

Hear more from him in the video below and share your thoughts with us.

SONGSTRESS STEPHANIE BENSON AND HUSBAND CELEBRATE 31ST WEDDING ANNIVERSARY

Ghanaian Musician, Stephanie Benson has been married for three decades and a year now, certainly, a milestone that can not be ignored, therefore, the couple are celebrating it.

In marking the day, the outspoken 52-year-old Ghanian singer is taking us down the memory lane to that fateful day of 17th June 1989 when she said ‘yes I do’ to her found missing rib.

Sharing loved up photos with her husband, she wrote “31 years ago at 3 pm, 17th June, 2 hours he waited at the Church, I said I do to the most amazing man anyone could ever meet. This Beautiful Man patiently waited for me and for 31 years his patience has never diminished”.

The singer in another post shared photos from their wedding day, compiled into a video and wrote “Going down memory lane to 1989, 17th June, my wedding day. It wasn’t quite the perfect start to the day, but it’s been an amazing life”.

The couple has been blessed with 5 children together and they keep growing stronger.

HALF-CASTE IS THE MOST DEROGATORY TERM TO DESCRIBE A PERSON – Actress Juliet Ibrahim

Ghanaian  actress Juliet Ibrahim has taken to the social media to correct the impression that skin colour is what defines an African.

while sharing her view about being an African, referred to a conversation she had with someone who doesn’t see her as a black woman.

According to her, the person argued that she was not a black woman because her skin was not dark enough.

 “I had a random conversation the other day with someone and it was appalling when he mentioned passively to me that he doesn’t see me as a Blackwoman.

He argued, you are not “black enough” your skin isn’t dark enough, your hair not kinky enough. And thus my siblings and I do not “count” as Black.” She wrote.

The mother of one stressed that she is a black woman adding that many Africans see her as a half-caste while white people see her as a black woman.

“Now, this is exactly, what we are fighting to correct amongst ourselves and the world at large. I am a black woman! When I’m abroad amongst the whites, I am classified and recognized as a black woman, however, right amongst us Africans, I’ll be referred to as a Half-Caste.

Juliet who is of Ghanian and Lebanon descent  added that using the term half-caste for mixed-race people like her is derogatory

“This is the most derogatory term to describe a person of mixed race or mixed ethnicity.

We are referred to as mixed-race or multi-racial! Mixed race people are no less black than their dark-skinned counterparts.” She wrote.

Read her full post below:

“I had a random conversation the other day with someone and it was appalling when he mentioned passively to me that he doesn’t see me as a #Blackwoman ! He argued, you are not “black enough” your skin isn’t dark enough, your hair not kinky enough. And thus my siblings and I do not “count” as Black.
Now this is Exactly, what we are fighting to correct amongst ourselves and the world at large. I am a black woman! When I’m abroad amongst the whites, I am classified and recognized as a black woman, however, right amongst us Africans I’ll be referred to as a Half-Caste! This is the most derogatory term to describe a person of mixed race or mixed ethnicity. We are referred to as mixed race or multi-racial! Mixed race people are no less black than their dark-skinned counterparts. So, let’s all say NO to RACISM, TRIBALISM, COLORISM and SEGREGATION. Let’s teach and train our children to grow up and accept people for who they are and not by the color of their skin”.

THERE IS NOTHING WRONG WITH GEORGE FLOYD MEMORIAL SERVICE IN GHANA – Captain Planet

Ghanaian rapper and member of music group 4×4, Captain Planet, has believes there is nothing wrong with the George Floyd memorial serviced organised by Ghana’s Ministry of Tourism, Art and Culture.

On Friday, 5 June 2020, the Ministry, in partnership with the Ghana Tourism Authority, Office of Diaspora Affairs and the Diaspora African Forum organised a wreath-laying ceremony at the W. E. B. Du Bois Memorial Centre for Pan-African Culture in honour of the 46-year-old African American who was killed by a shite cop who knelt on his neck for almost nine minutes.

Some Ghanaians, such as artiste manager Bulldog and musician A Plus, damned the government for the act when, according to them, many Ghanaians have fallen through similar instances and nothing had been done in their memory.

Reacting to this on Saturday Night Life on Class91.3FM on Saturday, 6 June 2020, Captain Planet told show hosts Faisal Carter and Lharley Lartey that: “It’s not a bad thing, from my perspective”.

He explained: “I think because we all believe that the slave trade started from Ghana, so, mostly, we see Black Americans as Ghanaians; that’s how I get it because slave trade started from Ghana, we see all black people as Ghanaians, so, it’s cool, it’s OK, it wasn’t a big budget”.

Speaking about those who criticised the event, Captain Planet noted: “That’s their opinion. You don’t expect everyone to arrive at a point and come out with the same results. Some people will disagree and others will agree. So, for me, I don’t think it is anything bad and it wasn’t anything big. I’m just praying that they will not come out with a big budget that’s all…”

Source: Class FM

LORD KENYA TAKES OKOMFOUR KWAADEE TO REHAB

Legendary Ghanaian Rapper Okomfour Kwadee’s sister, has disclosed that former rapper turned evangelist Lord Kenya came to the aide of her brother when his plight caught his attention on social media.

Okomfour Kwadee, one of the best Hiplife artistes of all time, has been a pale shadow of himself literally, after his photos which captured him looking very lean and out of sort hit the internet last week.

It’s clear poverty has been dancing around him as his former grace has now been replaced with grass. Since his latest photos hit online, the internet community has been pleading with stakeholders and other musicians to go to his aid before the inevitable happens.

In an interview with Kwasi Aboagye on Peace FM on the programme ‘Entertainment ‘Review, the sister of Kwadee said her brother was taken to a rehabilitation center by Evangelist Lord Kenya soon after he saw the photos.

According to her, some family members have since called her to warn her to stop using his brother’s situation to seek attention from the public to which she explained that she’s only trying to help him get out of his predicament.