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  • ✇TechTrends Africa
  • Africa’s Business Heroes Announces 10 Finalists for $1.5M 2025 Competition
    The ten finalists for the US$1.5 million 2025 competition have been revealed by Alibaba Philanthropy’s main philanthropic program, Africa’s Business Heroes (ABH). The Jack Ma Foundation’s principal African philanthropy endeavor is Africa’s Business Heroes (ABH). It helps forward-thinking businesspeople in all 54 African nations who are creating sustainable and inclusive economies. ABH will identify 100... The post Africa&ac
     

Africa’s Business Heroes Announces 10 Finalists for $1.5M 2025 Competition

16 septembre 2025 à 13:59

The ten finalists for the US$1.5 million 2025 competition have been revealed by Alibaba Philanthropy’s main philanthropic program, Africa’s Business Heroes (ABH). The Jack Ma Foundation’s principal African philanthropy endeavor is Africa’s Business Heroes (ABH). It helps forward-thinking businesspeople in all 54 African nations who are creating sustainable and inclusive economies. ABH will identify 100...

The post Africa’s Business Heroes Announces 10 Finalists for $1.5M 2025 Competition appeared first on TechTrends Africa.

👨🏿‍🚀TechCabal Daily – MultiChoice begins Canal+ restructuring

17 septembre 2025 à 06:28

Good morning. ☀

Get ready for Moonshot 2025 🚀

At Moonshot 2025, we’re bringing together the builders, dreamers, and doers who are turning ideas into impact and scaling what’s next for Africa’s digital economy.

Picture this: 5,000 attendees, founders, creators, investors, policymakers, and industry leaders in one space, sharing playbooks, lessons, and finding collaborators who understand the grind of building. This isn’t just a conference; it’s a propeller. Whether you’re fine-tuning your startup, scaling your operations, or creating digital products that push culture forward, Moonshot is the place to gain the insights, connections, and energy to keep building.

Don’t just watch the future take shape, be a part of the force driving it

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Let’s dive in.

Companies

Multichoice kicks off Canal+ restructuring

Image source: MyBroadBand

We have no crystal ball, but you likely had two reactions when you saw MultiChoice in today’s newsletter: ‘Did the pay-TV company finally reduce its DSTv prices?’ or ‘has it entered trouble with another regulator?’

Your thoughts are well…your thoughts. But MultiChoice is hogging the headlines again for the high-profile Canal+ takeover. On Tuesday, the company said it has started restructuring its businesses to accommodate the French media outfit operated by the Vivendi Group. The R55 billion ($3.17 billion) buyout, which has been a public spectacle since Canal+ first bought shares five years ago, is coming to an end.

Catch up: After Canal+ made a mandatory buyout offer to acquire 36.6% of the South African pay-TV company in 2024, it triggered a clause that gave the acquirer the right to make a takeover bid. It offered R125 ($7.21) per share to take over MultiChoice. Following approval of the deal, both companies have been scrambling to set up rules that allow Canal+ to own controlling stakes.

State of play: MultiChoice has since established a subsidiary, LicenceCo, which holds its broadcasting licences. It will reduce its controlling stake in LicenceCo to 20% to allow the deal to meet competition and foreign takeover requirements in South Africa.

Questions, questions: With this restructuring, where do consumers fit in? What changes for them? MultiChoice continues to oversee its operations, media content, and branding across platforms, according to CEO Calvo Mawela. The deal is unlikely to include a resource-sharing pact, so Canal+, one of France’s largest streamers, won’t merge its content into MultiChoice or vice versa.

We are edging closer to a monumental shakeup in Africa’s pay-TV market, with one of the continent’s biggest companies at the centre of it.

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Banking

Tanzania’s biggest bank upgrades its core banking system to chase growth

CRDB’s chief executive Abdulmajid Nsekela. Image source: CRDB

Tanzania’s largest bank by assets, CRDB Bank, has replaced its old core banking system, the Fusion Banking Essence (FBE) by Finastra, with Temenos T24, the Swiss platform used by heavyweights such as KCB and Stanbic Bank. This migration happened in early September.

Why? CRDB wants to move beyond East Africa into Dubai, and you can’t really make that big move with outdated infrastructure. Not to mention keeping pace with regional competitors.

Core banking isn’t like upgrading a mobile app. It requires shifting millions of sensitive user records at a go. CRDB’s migration had the usual teething problems of service lags and balance mismatches. But they insist it was a critical move for efficiency.

What’s new? CRDB can now allow people to initiate transactions in English, Swahili, French, Kirundi, and Arabic. The new system also supports transactions in multiple currencies.

Why it matters. By jumping on Temenos T24, CRDB is signalling regional and global players that it is ready to play hardball. The upgrade gives the lender the backbone to chase diaspora money in Dubai and roll out products faster. With the Bank of Tanzania (BoT) nudging local banks to modernise their systems, other East African banks are likely to follow CRDB’s footsteps.

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Companies

South Africa’s Naspers wants to make its shares 5 times cheaper for investors

Image Source: Bloomberg

Remember when Alphabet, the parent company of Google, did a 20-for-1 stock split on the NASDAQ in 2022? Did you buy its shares? Because Naspers, one of Africa’s largest technology conglomerates, is following suit.

When it comes to the stock market. Some may think it’s all just an expensive gamble with a bunch of imaginary numbers and prices for big players that make little sense. Naspers wants everyone to think differently. 

State of play: It announced a 5-for-1 share split on the local bourse, the Johannesburg Stock Exchange (JSE), which will be effective from October 6. A stock split means each existing share is divided into smaller units, so the price per share drops, but the overall value of your investment stays the same. Companies with pricey shares typically use stock splits to make them affordable for smaller investors. 

By the close of market on Tuesday, Naspers’ shares were trading for R5,885.40 ($339) per unit; this means buying 100 shares costs nearly R600,000 ($34,500) before the split, among the highest prices on the JSE and locking out smaller investors. With this new split, the R600,000 ($34,500) investment could become R120,000 ($6,900) for the same ownership stake.

Between the lines: Most of Naspers’ valuation comes from its roughly 23% stake in the Chinese technology giant, Tencent. Tencent is valued at approximately $760 billion. Despite Nasper’s high stake, it is only valued at $53 billion; this gap tends to raise eyebrows. 

The split doesn’t change the company’s value, but it lowers the price per share, boosting liquidity and making the stock more accessible. 

This move is part of a bigger clean-up: Naspers has been buying back shares and tidying up its structure to convince investors that its value should be closer to what its books show.Stock splits can’t solve everything, but they can help close that valuation gap by drawing in smaller investors and improving market trading activity.

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Economy

Nigeria’s inflation rate goes down for the fifth consecutive month

Image Source: TechCabal

Nigeria’s inflation numbers are in, and they are a mixed bag. While inflation has eased for the fifth time in a row, reactions trailing the results question why the numbers don’t seem to match everyday economic reality. In August, Nigeria’s Inflation eased to 20.12%.

The stats say something: Inflation is way down from 32.15% a year ago, meaning prices are still rising, just at a slower rate. Essentially, if your internet bill increased by 20% instead of 30%, you’re still paying more than last year. In 2024, Nigeria’s inflation was one of the highest in Africa. The inflation surge between 2023 and 2024 was mainly due to issues with sourcing foreign exchange, the fuel subsidy removal that increased the cost of logistics, and other agricultural disruptions that increased food prices. 

The Central Bank will decide next week whether to hold interest rates steady in its fight against inflation. Keeping rates unchanged would ease pressure on businesses and consumers who rely on fintech loans for daily expenses, but it could also risk prolonging inflationary pressures.

Nigeria is pushing ambitious economic reforms to boost investor confidence and hit a $1 trillion economy by 2030. But strong headline numbers don’t always translate into relief for ordinary Nigerians. Prices remain high, and consumer spending is still weak.

    HOT TAKE!

    Digital assets make up only 0.2% of global commerce, and stablecoins won’t change that overnight. The tech is impressive, but commerce runs on what people can actually use. For informal retailers, stablecoins are hard to grasp, and no one wants to fiddle with blockchain networks at the point of sale. Until stablecoin payments are built into familiar tools like cards, POS machines, and mobile apps that make the blockchain invisible, it’s hard to see them powering street-level commerce anytime soon.

CRYPTO TRACKER

The World Wide Web3

Source:

CoinMarketCap logo

Coin Name

Current Value

Day

Month

Bitcoin $115,207

– 0.58%

– 2.03%

Ether $4,514

– 3.13%

+ 0.86%

Avantis $1.12

+ 8.00%

+ 278.42%

Solana $234.32

– 3.55%

+ 21.83%

* Data as of 05.30 AM WAT, September 17, 2025.

Opportunities

  • Applications are now open for Techstars’ Spring 2026 accelerators. Startups that make it in get a $220,000 investment, mentorship, lifetime access to a global network of investors and alumni, plus over $4 million worth of partner perks. Techstars says graduates raise an average of $1 million+ after the programme. Apply by November 19.

Written by: Opeyemi Kareem and Ifeoluwa Aigbiniode

Edited by: Ganiu Oloruntade

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  • ✇WeeTracker
  • Nigeria’s Film Industry Has A Radical Plan To Save Itself From Streaming Giants
    As Netflix and Amazon Prime retreat from Nigeria’s original content scene, two of Nollywood’s biggest players, Inkblot Studios and Filmhouse Group, are betting that the time is finally right for a homegrown streaming service. Their joint venture, Kava, is set to launch in August 2025, promising a curated library of Nollywood films and series backed by scale, strategy, and a touch of realism. At first glance, it’s an ambitious leap. Kava e
     

Nigeria’s Film Industry Has A Radical Plan To Save Itself From Streaming Giants

28 juillet 2025 à 15:38

As Netflix and Amazon Prime retreat from Nigeria’s original content scene, two of Nollywood’s biggest players, Inkblot Studios and Filmhouse Group, are betting that the time is finally right for a homegrown streaming service. Their joint venture, Kava, is set to launch in August 2025, promising a curated library of Nollywood films and series backed by scale, strategy, and a touch of realism.

At first glance, it’s an ambitious leap. Kava enters a streaming landscape littered with cautionary tales—iROKOtv chief among them—while global streamers pull back on African investments and creators increasingly pivot to YouTube in search of monetisation and autonomy.

But Kava’s founders insist they’ve learned from past failures. And rather than chase Netflix’s scale or Iroko’s first-mover status, they’re building for depth—with a model that leans on high-quality local content, diaspora appeal, and a sustainable, multi-platform ecosystem.

“We’re not just streaming films. We’re fueling careers and building an infrastructure for African storytelling,” says Kene Okwuosa, Kava’s co-CEO and head of Filmhouse Group.

Filmhouse boasts West Africa’s largest cinema chain and controls a vertically integrated studio-distribution network through FilmOne. Inkblot Studios, behind hits like The Set Up and Up North, was the first Nigerian production house to ink licensing deals with both Netflix and Amazon.

The platform launches with over 30 premium Nollywood titles and promises fresh drops weekly. Featured titles include Alakada Bad and Boujee, Owambe Thieves, What About Us, and House Job. Originals are in the pipeline, and Kava eventually plans to scale beyond Nigeria to tell stories across Africa.

But more than content, the founders say, Kava is a “digital infrastructure” project; a way to centralise Nollywood’s fractured monetisation channels, serve fans directly, and offer creators fairer economics than the ad-driven instability of YouTube or the bureaucratic lag of foreign licensing.

“When we deliver content at scale to audiences beyond ourselves, they’ll fall in love with the stories. They just don’t know it yet,” says Inkblot’s Chinaza Onuzo, who serves as Kava’s co-CEO.

Kava arrives at a transitional moment. Netflix and Prime Video have dialled back their local originals after a brief Nollywood shopping spree between 2020 and 2022. What’s hitting screens now, like Kemi Adetiba’s To Kill A Monkey, are the last remnants of that era. New commissions have slowed to a crawl.

This vacuum has driven creators to YouTube, where lighter, faster productions offer greater creative control and instant ad payouts. But the economics remain brutal. CPMs in Nigeria hover around USD 1.00, and a star actor might cost millions of naira, meaning millions of weekly views are required to break even, let alone profit.

Subscription platforms (SVODs) aren’t much better. iROKOtv, once hailed as the “Netflix of Africa,” spent over USD 100 M trying to crack the Nigerian market, only to retreat in 2023 and pivot to diaspora users in the U.S. and U.K. Its active user base peaked at under 200,000. Even its founder Jason Njoku now insists: “SVOD can’t work here.”

Fresh attempts at wooing the diaspora indicate a push for untapped opportunities, however. Roughly five million Nigerians live abroad, sending more than USD 20 B home every year. They’re already used to subscriptions and hungry for high-quality content that reflects their culture. Kava, along with other newcomer rivals, such as EbonlyLife ON Plus, is chasing that niche.

Kava’s leadership sees itself less as a Netflix clone and more of a niche but deeply committed hub for loyal fans. Product chief Damola Ademola compares the model to anime or horror streaming services like Shudder: “African movies can easily be just like that,” he told TechCabal.

Funding is in motion. A friends-and-family round has already closed, with institutional backing from TLG Capital and VestedWorld. More capital will be instrumental in expanding Kava’s footprint across Africa and into the U.K. and Europe. Yet even with funding, no one is pretending this will be easy.

Feature Image Credits: BusinessDayNG

The post Nigeria’s Film Industry Has A Radical Plan To Save Itself From Streaming Giants appeared first on WeeTracker.

  • ✇TechCabal
  • Nigerians are turning their backs on streaming platforms for “YouTube movies”
    Not long ago, giant video streaming platforms like Netflix and Amazon Prime Video were hailed as the future of television in Nigeria. They offered an escape from the limitations of cable television and promised premium on-demand content. But today, they face a powerful competitor: YouTube. While Netflix, Showmax, and Prime Video chase audiences with sleek Nigerian originals and aggressive pricing strategies, many Nigerians are opting for YouTube for movies and series. The reasons are econo
     

Nigerians are turning their backs on streaming platforms for “YouTube movies”

13 juin 2025 à 15:26

Not long ago, giant video streaming platforms like Netflix and Amazon Prime Video were hailed as the future of television in Nigeria. They offered an escape from the limitations of cable television and promised premium on-demand content. But today, they face a powerful competitor: YouTube.

While Netflix, Showmax, and Prime Video chase audiences with sleek Nigerian originals and aggressive pricing strategies, many Nigerians are opting for YouTube for movies and series.

The reasons are economic, infrastructural, and technological.

YouTube is practical

Streaming services are getting more expensive. Netflix recently raised its Nigerian subscription prices for the third time in less than a year.  According to Punch, the increase follows similar hikes in April and July 2024.

Under the new price, Netflix’s premium plan now costs ₦8,500 a month, up from ₦7,000 ($5.3).The Standard plan jumped to ₦6,500 ($4.1) from ₦5,500 ($3.4).The Basic plan rose to ₦4,000 ($2.5) from ₦3,500($2.2), and the Mobile plan now costs ₦2,500 ($1.6), up from ₦2,200 ($1.4).

Showmax’s subscription starts at ₦3,200 ($2), and its full version at ₦2,500($1.6). Prime Video’s subscription  is ₦2,300, but now shows ads unless users pay more.

In a country where the minimum wage is ₦70,000 and some people spend up to ₦40,000 ($25) on data, these prices are unaffordable for many. According to the World Bank, over half of Nigeria’s 230 million people live in poverty. Streaming, for many, is a luxury.

YouTube works better with Nigeria’s internet reality

In contrast, YouTube meets users where they are by offering what many see as a more adaptive solution. It is free, widely accessible, and critically, allows users to control video quality, download videos for offline viewing, and stream using data-saving options. 

Streaming platforms often load in HD or 4K by default, quietly draining viewers’ data. While both streaming platforms and YouTube require data, YouTube allows users to drop resolution, turn off autoplay, or use data-saving browsers like Opera Mini. Most Nigerians know the drill: download videos overnight using midnight bundles, then watch offline during the day. YouTube supports that. Most streaming  platforms don’t.

To watch videos on YouTube, users only need internet access and data, which is relatively affordable compared to subscription-based services. In a country where mobile is the dominant mode of access, that control makes a difference. Statista reports that Nigeria had 103 million active internet users as of January 2024, with most of them on  mobile, and 107 million users as of February 2025. YouTube’s mobile-first features give it a native advantage. 

Beyond affordability, YouTube offers users vast access to videos. Unlike paid streaming services such as Netflix, Amazon Prime Video, or Showmax, YouTube offers free access to an array of content, from Nollywood films to music, comedy skits, and more. In essence, people pay less for more in contrast with the abundant but still limited content bank of most streaming platforms.

Local content plus local relevance 

Another reason YouTube wins? Relevance.

Where paid platforms lead with Western and high-gloss African content, YouTube gives users content at different quality levels but which, importantly, offer more chances for relatability. 

Additionally, filmmakers and other creators on YouTube publish faster and more frequently than streamers. This is attributed to the fact that the platform gives them direct control over their content, production timelines, and distribution strategies. Unlike streaming services that require lengthy approval processes, high-budget production standards, and executive sign-offs, YouTube removes these barriers, allowing filmmakers and creators to shoot, edit, and upload content at their own pace.

It’s a business, not a bet

Streaming platforms like Netflix often buy out Nollywood creators’ work, offering upfront money but little long-term payoff. YouTube, by contrast, offers Nigerian filmmakers recurring income through its monetisation features. 

Monetisation methods include AdSense revenue, Super Thanks, Super Chat, and channel Memberships, YouTube Shorts Fund, brand partnerships and affiliate marketing. Consistent viewership can lead to sustainable income, especially for those with dedicated audiences.

Streaming activities, including YouTube, have driven record increases in internet spending and data usage in Nigeria. Also, the number of Nigerian YouTube channels earning significant revenue has doubled in recent years, encouraging even more filmmakers and creators to put their content on the platform.

Many Nollywood production houses now use YouTube as both a distribution platform and a marketing funnel, leading fans to paid platforms, merchandise, or exclusive content. It also gives them full control over release schedules, audience engagement, and monetisation strategies, which is something most streamers do not offer.

Production costs are lower, too. Unlike cinema or streaming, YouTube doesn’t require expensive cameras, costumes, or elite production values. As filmmaker Olatunbosun Amao put it in ThisDay: “On YouTube, anyone—literally anyone—can make a film. If it’s good and people like it, you can make way more than you spent.” 

Filmmaker and co-founder of iBAKATV YouTube Channel, Kazeem Adeoti, said the number of full-length movies on YouTube had grown tremendously. Several top actors own YouTube channels to directly distribute their movies to consumers, he said.

Seun Oloketuyi, film producer and founder of the Best of Nollywood (BON) awards, said YouTube had become more appealing to filmmakers as there were no specifications on the types of cameras to be used, the quality of costumes or the language mixes.

So, is YouTube a viable alternative to streaming?

For millions of Nigerians, it already is.

It’s not just about affordability. YouTube offers a tech experience that matches Nigerian habits: offline viewing, lower-res options, platform-agnostic access, and relatable content. It’s entertainment on your terms, not a Silicon Valley subscription trap.

Will streamers disappear? Probably not. But unless they rethink their pricing, data consumption, and distribution models, they may become premium outposts.

*Exchange rate used is $1 to  ₦1,600. 

The Connected Africa Summit 2025 Kicks Off In Diani

26 mai 2025 à 15:15
The Connected Africa Summit 2025 officially opened on Monday in Diani, bringing together over 1200 delegates from 24 countries in...

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Tupatane Diani: ICTA & MICDE Raring To Go For Connected Africa Summit

19 mai 2025 à 09:05
All roads lead to the Connected Africa Summit. Set for 26-29 May 2025 at Diamonds Leisure Beach & Golf Resort,...

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