Nigeria’s Ckrowd To Foster New Job Opportunities For African Youth

Africa’s premium content streaming platform, Ckrowd, has announced that it plans to create more revenue for the continent’s creative market and foster new job opportunities for the youth.

Kayode Adebayo, chief executive of the Nigerian-based Ckrowd, said in a statement that the firm was committed to further developing its innovative technology to revolutionize the African tech, business, and entertainment industries across the continent. 

He said the African creative sector is buoyant and has the potential to earn 2.5 billion U.S. dollars.

He said the firm had secured 60,000 dollars of pre-seed funding and a 100,000  dollar export grant investment, respectively, from an international angel investor group, as well as backing from the Export Expansion Facility Program from NESP.

The investment, according to him, will disrupt the African and Afro-diaspora tech and content creation markets and allow African content creators across Africa and the diaspora to monetize their content and protect their content through structured IP and copyright infrastructure.

“This is a great win for African people. The Ckrowd platform, similar to a large arena in the cloud, can broadcast live and short on-demand video content and charges access fees on behalf of the creators of those contents. This allows the platform to uniquely functions as an EdTech, Media-Tech & Ad-Tech hybrid. We continue to welcome investments as we continue to grow partnerships across the continent and the African Diaspora,” he added.

“Our mission is to tell our stories, shine a light on the beauty of African culture and lifestyle while delivering economic value to African creators, who have always and are pioneers and trailblazers in showcasing the beauty of our culture and our people. The platform pays 70 percent of total income on content to creators, which we believe it’s the highest pay-out on digital content to African Creators,” said Adebayo.

The export grant will allow many storytellers and content creators to profit from revenue opportunities on the platform, while also providing an online portal where original, exclusive varieties of African content are well organized, can be accessed with ease, and consumed on-demand as short videos and live series. 

According to him, Ckrowd plans to use its new capital to double down and expand with innovative technologies and strategies to get more customers and speed up growth in intra-African creative industries. 

Sensing an opportunity, Kayode and his team launched Ckrowd’s as a technology service to export African local content for global consumption and position the technology to generate foreign exchange, revenue, and create job opportunities for African youth.