Forbes in a recent compilation of Africa’s 10 most innovative companies, included Nigeria’s Iroko TV, owned by young millionaire Jason Njoku.
According to the Forbes list which put the internet TV Company at seventh place, “ The Nigerian-based company helped revolutionize and glamorize Nollywood”, the Forbes compilation read.
The report in Forbes goes on to call Iroko TV, the “Netflix of Africa” as it is the world’s largest digital distributor of African movies. Leveraging on an on-demand TV platform, Nollywood Lovers around the world can watch the latest Nigerian movies by paying a fee of only $5 a month. IrokoTV typically buys the digital rights to the movies from Producers and currently has a catalogue of over 5,000 films and over 500,000 registered users.
The list features companies such as Safaricom of Kenya, MTN, Nando’s and Pick ‘n’ Pay of South Africa, Econet of Zimbabwe.