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<p type="padding:5px 0;font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;font-weight: 400;font-size:16px;line-height:25.6px;margin:0"><robust>Wazzup! <img src="https://parrotainment.com/wp-content/uploads/2025/04/1744190711_102_TechCabal-Day by day-–-MTNs-not-gunning-for-Netflix-It-swears.png" alt="☀" class="wp-smiley" type="peak: 1em;max-height: 1em" /></robust></p>
This isn’t a drill: how would you prefer to receives a commission for doing nothing? It seems like a query straight out of a advertising and marketing marketing campaign for a Ponzi scheme (sorry to those that’ve been burned earlier than), however even these hustles make you sweat a little bit with fear. Nicely, it seems some Google AI employees reside that dream.
The Massive Tech large is reportedly paying a few of its AI workers to sit down out for a 12 months fairly than threat them becoming a member of rivals.
Wild, proper?
It makes you wonder if Google doesn’t assume it has an AI race to win. Anyway, with the US inventory indexes swinging erratically from purple to inexperienced—and again to purple—since yesterday, let’s hope Google’s share worth picks up and stays up when the market makes a full restoration. 
We keep on enterprise. Let’s go!
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In 2015, Netflix’s entry into Africa raised doubts about how it will fare in opposition to native streaming platforms like MTN’s FrontRow and VIDI which bought a head begin. On the time, Netflix already dominated the US market with over 43 million subscribers, far forward of opponents Hulu and Amazon Prime. However Africa’s market, nonetheless adjusting to cable TV and streaming, introduced new challenges.
Quick ahead to at present, Netflix has thrived, changing into one in every of Africa’s largest streaming platforms. But, it now faces a well-recognized rival in MTN, Africa’s largest telecom operator, which is making one other push into the streaming area after shutting down FrontRow in 2017. The tides have turned, but MTN claims it’s not in direct competitors with Netflix.
Like its earlier go-around, the telecom operator has mentioned it’ll use its giant subscriber base to lure customers to its brand-spanking new streaming platform. In keeping with Ralph Mupita, MTN Group CEO, it’ll goal the Nigerian market—the place it has “18 million day by day prospects”—to offer unique Nollywood content material that isn’t obtainable wherever else.
We marvel what IROKOtv and ROK Studios, owned by Canal+, should say about that.
For MTN’s technique to succeed, it should collaborate with Nigerian studios and filmmakers, stepping in as a manufacturing associate. The danger right here is that high filmmakers, searching for higher distribution perks, might flip to larger platforms, leaving MTN to work with unbiased creators. With out big-name collaborations, attracting a stable viewership can be robust. Fewer eyeballs imply fewer bucks, and that weakens the inducement to maintain going.
MTN will faucet into its large subscriber base to push its streaming aspect hustle. That seemingly means zero-rating entry to its platform to lure in viewers. Don’t be stunned once you begin seeing presents like, “Purchase 1.5GB and get 7-day entry to MTN Stream.” Zero-rating can be a intestine punch to internet neutrality, but it surely provides MTN an edge that different streaming platforms, particularly newer ones, in all probability gained’t have.
But, zero-rating comes at a price: it means MTN would soak up the price that knowledge subscribers would in any other case pay for. Is that this a raffle it will possibly tackle?
Our reporter Frank Eleanya dives deeper.
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Funding
President Trump cuts USADF funding for African SMEs
First got here the USAID cuts, then the head-scratching reciprocal tariffs with wonky math. US President Donald Trump and his buddy Elon Musk hold discovering inventive methods to do injury that hurts Africa—whether or not deliberately or inadvertently.
The US African Improvement Basis (USADF) quietly pulled $51 million in funding from SMEs and startups throughout sub-Saharan Africa. Add this to the USAID funding lower in February, which for years has been key for impact-driven startups, then we’re sitting on a $151 million funding loss.
The slash-and-burn resolution—courtesy of the Division of Authorities Effectivity (DOGE), Musk’s newest aspect hustle—is a direct hit to early-stage companies in Kenya and Nigeria, the programme’s largest beneficiaries.
To the untrained eye, these had been small grants. However to a WhatsApp chatbot serving to Kenyan retailers, or a Nigerian wellness incubator with no bankable belongings, this cash was gold. It bypassed purple tape, governments, and sketchy intermediaries. USADF despatched funds straight to founders constructing actual stuff in robust locations.
Now, it’s gone. Identical to that. No consultations. No phased withdrawal.
Initiatives like Yao Tropico, which operates mango-drying amenities in Côte d’Ivoire and shea butter cooperatives in Burkina Faso are instantly stranded. DOGE claims it’s saving US taxpayers $140 billion—allegedly. Cool, however at what value?
For Kenya and Nigeria—the place startups are already coping with foreign money devaluations and cautious VCs—this isn’t only a funding lower. It’s a actuality verify. The post-aid, self-reliance dialog simply bought actual.
If you happen to’re a founder, investor, or simply somebody betting on Africa’s innovation wave, that is the sort of geopolitical tremor that forces a pivot. What occurs when the security internet is yanked mid-jump? We’re about to search out out.
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Banking
Nigerian banks make investments huge billions on IT upgrades
$171.5 million. That’s how a lot Nigeria’s largest banks spent on IT infrastructure final 12 months.
In 2024, Nigerian banks thought fintechs had been giving them a run for his or her cash and collectively started upgrading their core banking infrastructure.
Aspect gist: Core banking infrastructure prices an arm and a leg. I as soon as spoke with a core banking skilled who informed me that tier-1 banks spend a minimum of $10 million yearly on core banking software program, implying an mixture spend of $50 million (₦82 billion).
In a 12 months the place about 4 Nigerian banks modified/modified their core banking software program, the mathematics checked out. GTBank transitioned its core banking software program from Foundation to Finacle whereas Zenith Financial institution migrated to Flexcube from the legacy Phoenix system.
On this report, our banking correspondent, Bunmi Bailey, particulars how six main Nigerian banks—Warranty Belief Holding Firm (GTCO) Plc, United Financial institution for Africa (UBA) Plc, Zenith Financial institution Plc, Wema Financial institution Plc, Stanbic IBTC Holdings, and FCMB Group Plc—collectively invested ₦268.7 billion ($171.5 million) in IT infrastructure and tech-related companies in 2024.
That determine was a 75% soar from the ₦153.8 billion ($98.2 million) spent in 2023.
Main the pack, GTCO allotted ₦88 billion ($56.8 million) in the direction of IT enhancements, intently adopted by Zenith Financial institution’s ₦67.3 billion ($43 million) funding. UBA, Stanbic IBTC, FCMB, and Wema Financial institution additionally considerably elevated their tech budgets, reflecting a unified business give attention to digital development.
This tech renaissance throughout the banking sector has additionally propelled progress amongst IT service suppliers. Laptop Warehouse Group (CWG) Plc, a key participant providing managed companies and IT infrastructure assist, reported a outstanding 428.4% revenue enhance, reaching ₦3.04 billion ($1.9 million) in 2024.
As issues stand, the banking enterprise is benefitting a complete ecosystem of tech gamers, which is sweet for customers who now get pleasure from higher companies.
See you tomorrow, identical inbox.
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CRYPTO TRACKER
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<p type="padding:5px 0;vertical-align: center;text-align:left"> Supply:</p>
<span type="vertical-align:center;text-align: left"><img loading="lazy" src="https://parrotainment.com/wp-content/uploads/2025/04/1744190711_442_TechCabal-Day by day-–-MTNs-not-gunning-for-Netflix-It-swears.png" alt="CoinMarketCap emblem" type="width:96px;peak: auto"></span>
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Coin Title
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Present Worth
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Day
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Month
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<td><span type="padding-right:7px"><img loading="lazy" src="./Polygonpercent201.svg" alt=""></span>Bitcoin</td>
<td type="text-align:proper;padding-right:20px;font-weight:500">$79,930</td>
<td type="padding: 0">
– 5.80%
</td>
<td>
<p type="padding:5px 0;padding: 8px;margin: 8px 0;width:60px;text-align: middle;background-color:#fbc2b5;border:1px stable #ef323d;border-radius: 38px;font-size:12px">
– 7.16%
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<td><span type="padding-right:7px"><img loading="lazy" src="./Polygonpercent201.svg" alt=""></span>Ether</td>
<td type="text-align:proper;padding-right:20px;font-weight:500">$1,429</td>
<td>
– 1.96%
</td>
<td>
– 30.11%
</td>
</tr>
</tbody>
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<td><span type="padding-right:7px"><img loading="lazy" src="./Polygonpercent201.svg" alt=""></span>MiL.okay</td>
<td type="text-align:proper;padding-right:20px;font-weight:500">$0.1621</td>
<td>
+ 11.59%
</td>
<td>
<p type="padding:5px 0;padding: 8px;margin: 8px 0;width:60px;text-align: middle;background-color:#fbc2b5;border:1px stable #ef323d;border-radius: 38px;font-size:12px">
– 4.69%
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<td><span type="padding-right:7px"><img loading="lazy" src="./Polygonpercent201.svg" alt=""></span>Solana</td>
<td type="text-align:proper;padding-right:20px;font-weight:500">$103.89</td>
<td>
– 6.04%
</td>
<td>
<p type="padding:5px 0;padding: 8px;margin: 8px 0;width:60px;text-align: middle;background-color:#fbc2b5;border:1px stable #ef323d;border-radius: 38px;font-size:12px">
– 18.42%
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<p type="padding:5px 0;font-style: italic;font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;font-size: 14px;font-weight: 400"> * Knowledge as of 03.00 AM WAT, April 9, 2025. </p>
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Alternatives
- Lagos Innovates (LSETF) is providing workspace vouchers to startups in Lagos to ease rising operational prices. Startups can entry subsidised co-working areas with dependable web, energy, and a supportive entrepreneurial group. This system is open to Lagos-based startups trying to cut back overheads and give attention to progress. Apply now.
- After successes like Jamit, Pokecoin, and Tomachain, Lisk and CV Labs are again inviting African Web3 startups to use for Batch 2 of the Lisk Blockchain Incubation Hub. The six-month program presents as much as $20,000 in grants per venture, mentorship, and entry to extra funding of as much as $100,000. Purposes shut on April 12, 2025, with the cohort beginning on Might 19, 2025. Apply right here.
- Village Capital is providing early-stage startups in Africa the possibility to hitch its Greentech Africa 2025 accelerator. The programme helps local weather tech ventures constructing options in vitality entry, sustainable agriculture, round financial system, and associated sectors. Chosen startups will obtain mentorship, investor connections, and capacity-building assist. The programme is open to founders primarily based in Africa with market-validated options tackling local weather challenges. Apply right here.
Written by: Emmanuel Nwosu and Bunmi Bailey
Edited by: Religion Omoniyi
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