Africa-focused private equity funds have over the past year raised a record $3.89 billion according to data compiled by the private Equity International magazine. This represents a 51% boost from $2.57 billion raised in 2014.

Netflix switched on its video streaming services in 130 new countries today including most, if not all of Africa, meaning it’s now available just about everywhere on Earth as part of a plan to be a global TV network in 2016, NewYorkTimes reported.

Canal+, French prepaid TV operator, and iROKO, online distributor of African audiovisual content, targeting a market of 250 million Africans, are currently working together to bring up a new mobile Video On Demand (VOD) service.

Improving infrastructure is not only critical for economic growth in Africa but essential for ensuring the improved wellbeing of its people. This is backed by empirical research, which shows a strong link between infrastructure development and economic growth on the continent.