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Michael Bloomberg |
The immediate past mayor of New York, and founder of the Bloomberg Media group, Michael Bloomberg, is committing $10m towards building the capacity of African journalists. The initiative is aimed at advancing
transparency, accountability and governance on the continent.
The Bloomberg Media Initiative Africa, a three-year pan-African programme to build media capacity, convene international leaders and improve access to information on the continent, will initially focus on Kenya, Nigeria and South Africa, financial news agency Bloomberg said on Monday.
"Timely and accurate reporting of business and financial matters play a critical role in advancing efficient markets and is a key driver in supporting economic and social growth," the agency said in a statement. "Strengthening business and economic news coverage, expanding training programmes for journalists and providing greater access to reliable data about Africa are frequently cited as important enablers to the continent's continued development."