Mr Eazi has explained how Africa Music Fund (AMF), will be sharing it’s money to music acts that have been selected.
According to the Pour Me Water singer, the fund will be shared based on revenue and projected incomes of the artiste, this would be the metrics used, Mr Eazi told CNN.
He said for acts who already have a base in the industry, the platform will make it’s research to ascertain strongholds of the artiste.
To expand their music base, acts will be given funds upfront. He said the money can be paid back in installments as earnings start to rise.
“For artists who already have footprints in the industry, we will just do our research. We can check how much they are earning or likely to earn from their streaming revenue, for example.
“Let’s say we have a two-year contract with someone. In those two years, we will be their representative, helping them manage their music, and as they grow we will be deducting the initial investment from their earnings,” he explained.