Foisi Broadcasting Network, Inc. (FBNAfrica) was incorporated in
the State of Delaware, USA, in 1994. However, the concept
of a Pan-Africa broadcast network was conceived through a
term paper written by Dr. Aaron Foisi Nmungwun, the founder,
Chairman and CEO of Foisi Broadcasting Network, Inc. in 1980.
He shared this vision with his partners, Engr. Waribo Nick
Adasi-Efuya and Mrs. Halima Adasi; and jointly, they worked
tirelessly to actualize this dream.
Disappointed as Dr. Nmungwun was at the outcome of his research
at the time, the study pointed to a flourishing broadcast
market in Africa some two decades later when democracy and
open markets would be introduced to Africa. Prior
to this time, free elections were hard to come by on the African
continent, and most African markets were not as open as they
For this reason, the Board of FBNAfrica concluded that it was not
yet time to launch this worthwhile venture. His prediction
started to materialize with South Africa's first free election
in 1994. With the execution of free elections in South Africa
in 1994, and Nigeria in 1999, FBNAfrica conducted another study
that pointed to a steady growth in commercial broadcast market
throughout Africa. There is now every reason to believe
that we now have a robust market as over 80% of the world's
Fortune 500 companies have established branch offices throughout
Over the years, Dr. Nmungwun, partners, and his associates
canvassed and networked among various African grassroots organizations,
business leaders and governments in Africa, presenting to
them the concept of a Pan-African broadcasting network. Reactions
from these various groups have been optimistic. The general
consensus is that such a venture is a necessity in Africa,
as the advantages far outweigh the disadvantages.
Beginning in Nigeria with Foisi Broadcasting Network Nigeria
Limited, FBNAfrica will expand into all 53 Africa countries in phases.
The Nigerian phase was registered in June 2006. This will
be followed by the South African phase and a gradual rollout
into other countries.