CNBC's Power Lunch Talks with Beal About Investment in Entertainment in Africa

Nairobi, Kenya – CNBC Africa's “Power Lunch” host Bonney Tunya talks with renowned broadcaster and Sr. Technology Advisor with the African Media Initiative Meredith Beal about investment in entertainment in Africa. The African broadcast and film industry is evolving quickly, driven by demand and a need to tell the continent's story. Beal has been consulting several governments including Kenya, Rwanda & Benin on creative economy legislation. Beal formed an alliance between the African Media Initiative -- the continent's largest umbrella organization of media owners and FEPACI -- the Pan African Federation of Filmmakers, which has a membership of over 1,000 filmmakers in 40 countries. Beal joins CNBC Africa to discuss the emerging opportunities.

Tunya asked Beal if there is a such thing as the African story. Beal replied "Of course there's a such thing as the African story. The African story was the first story. We've been storytelling longer than anybody and our ability to tell a story is well developed." he says. "What we NEED to develop is the ability to translate those stories into quality content and usher them into the marketplace," he explains.

Beal also explains that in order for Africa's creative economy to grow we must deal with issues like intellectual property rights enforcement and terms of trade between countries to facilitate easier commerce between their creative communities.

Meredith Beal with CNBC Host Bonney Tunya