Africa 24 is in turmoil.
Since January 2019, Afrimédia, the French subsidiary of the pan-African audiovisual group Africa 24 led by Constant Nemalé, has been in liquidation since February 8.
For the time being, the company is continuing to operate and no official information has been released regarding a possible takeover bid. According to the media outlet Jeune Afrique, a takeover bid is about to be signed with one of Africa 24's long-standing partners, but this remains confidential. The deadline for submitting takeover bids was March 22, 2019.
It should be noted that the Africa 24 channel is wholly owned by Holding S.A. Afrimédia International, which is headquartered in Luxembourg and is 80% owned by Constant Nemalé. The remaining capital is held by the Republic of Equatorial Guinea and Cameroon.
On the sidelines of these events, Africa 24 officially announced the signing of a partnership agreement with the African Union. The aim of this partnership will be to produce and broadcast content promoting the image of the continent and its development. This initiative is part of the African Union's Agenda 2063, the continent's master plan and strategic framework aimed at achieving its goal of inclusive and sustainable development.
As part of this partnership between the two institutions, Africa 24 will promote all major AU initiatives and projects under Agenda 2063 on all its platforms, namely continental integration, free movement of people and goods, the African common market, disarmament, the strategy for raw materials and consumer goods, and the continental agricultural development plan.