The Ivory Coast-based StarNews Mobile, Africa’s leading mobile video network, has secured US$3 million in funding from investors that include three French professional footballers. Launched in July 2017, StarNews Mobile targets the mass market with a network of over 50 mobile channels offering celebrity-based content priced at low daily subscription rates. The revenue generated from the subscription fee is then shared between the operator, the content provider and StarNews Mobile. Its US$3 million funding round is led by Janngo Capital, and also includes French football players Aurelien Tchouameni, Jules Kounde, and Mike Maignan of Excellence Sport Nation, best known as players for Real Madrid, Barcelona, and AC Milan, respectively. We are proud to lead this funding round to help unlock further growth, impact, and market expansion,” said Fatoumata Bâ, founder and executive chair of Janngo Capital.

Source: The North Africa Journal November 07, 2023 06:27 UTC