Can we draw the following hypothesis from the context?

Context:

Channel O Africa Music Video Awards, once known as Spirit of Africa Music Video Awards, are Pan-African music awards organised by South Africa -based Channel O television channel. The awards were first held in 2003 under the name Reel Music Video Awards. Since 2005 the awards have been held annually. The winners are voted by Channel O's viewers across the continent.

Hypothesis: Channel O Africa Music Video Awards is an African based show
Yes