Good morning. 
Moonshot 2025 is just around the corner.
Africa’s technology landscape is buzzing with over 5,000 innovators, visionary ideas, and transformative opportunities converging in one place. This year’s theme, “Building Momentum,” unites daring entrepreneurs, creators, and investors to engage in dialogues that will influence tomorrow’s tech ecosystem.
We’re broadening the scope of discussions with fresh formats, meaningful exchanges, and a wider spectrum of industry voices. Whether you’re developing, financing, or supporting Africa’s tech scene, join us on October 15 & 16 in Lagos. Together, let’s accelerate the continent’s future.
Tickets are nearly sold out-this is your last opportunity to reserve your place at Moonshot.
- Canal+ intends to remove MultiChoice from the JSE
- Solly Malatsi reveals South Africa nearing EEIP implementation
- MTN’s MoMo hits $2.1 billion in transactions
- Cool Highlights
- Web3 Market Update
- Upcoming Events
Companies
Canal+ to privatize MultiChoice by delisting from Johannesburg Stock Exchange
Following its acquisition of South Africa’s pay-TV giant MultiChoice, French media conglomerate Canal+ now controls a dominant stake in one of Africa’s leading entertainment firms. The company announced on Monday that it owns 94.4% of MultiChoice’s shares and intends to remove the company from the Johannesburg Stock Exchange (JSE).
What this means: MultiChoice’s six-year tenure as a publicly traded entity is coming to an end. Canal+ initiated its investment in 2020, steadily increasing its ownership until it launched a mandatory buyout offer earlier this year. By the offer’s close last week, over 90% of shareholders outside Canal+ agreed to sell, enabling the group to acquire the remaining shares under South African regulations.
Once the transaction receives final approval from the South African Reserve Bank (SARB), MultiChoice will become a fully owned subsidiary of Canal+. Canal+ also plans to list its own shares on the JSE, providing South African retail investors an opportunity to invest in the merged entity.
Broader implications: This merger forms a pay-TV powerhouse with over 40 million subscribers spanning Africa, Europe, and Asia. For MultiChoice, renowned for its DStv platform, this acquisition closes a chapter that began in the 1980s under Naspers. It also marks a significant expansion for Canal+ as it intensifies competition with local streaming services across Africa.
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Policy
South Africa edges closer to revising tech regulations that have barred Starlink
South Africa is on the verge of implementing one of its most significant ICT policy reforms in recent years. Communications Minister Solly Malatsi announced that the country is weeks away from finalizing new regulations that could open the door for Starlink, Elon Musk’s satellite internet provider, to operate locally.
Current status: The proposed equity equivalent investment programme (EEIP) would permit foreign tech firms to fulfill local ownership requirements by investing in community development projects instead of ceding 30% equity to local investors. This adjustment could remove a major barrier that has prevented companies like Starlink from entering the South African market. Starlink recently expressed readiness to comply with the new framework and intends to invest R2.5 billion ($144,000) in rural development initiatives.
Controversy brewing: While Malatsi advocates for a more adaptable system encouraging local involvement without forcing foreign companies to relinquish equity, some lawmakers fear this could grant Starlink preferential treatment. Malatsi dismisses these concerns, emphasizing the goal is to establish equitable conditions for all investors.
Looking deeper: Although the new policy appears promising, questions remain about the fate of companies that complied with previous ownership rules. These firms may seek clarity from regulators given Starlink’s timely push for licensing under the revised framework.
Paga Launches in the United States
Exciting update! Paga has officially launched digital banking services in the U.S., tailored for Africa’s diaspora. Qualified users can now send money, pay bills, and manage accounts in both US Dollars and Naira, with secure, regulated, and borderless transactions. Discover more.
Fintech
MTN’s MoMo Facilitates $2.1 Billion in Transactions Across Africa
During the first half of 2025, MTN’s mobile money platform, MoMo, processed $2.1 billion in cross-border remittances across 14 African countries, signaling its evolution from a side project to a fintech powerhouse. The company aims to streamline payments and reduce the continent’s notorious transaction inefficiencies.
What’s next? MoMo envisions creating an interconnected fintech ecosystem that enables seamless, borderless payments across Africa, eliminating friction and excessive fees.
Can it succeed? With 283 million users and over $1.1 trillion in annual transactions, MTN’s fintech arm is well-positioned. In H1 2025 alone, it disbursed $1.3 billion in microloans and supports a merchant network exceeding 2 million. MoMo is also opening its infrastructure to startups via MoMo OpenAPI.
Challenges remain. Africa’s financial landscape is fragmented, with average transaction fees surpassing 8%, and disparate systems across countries. Over 350 million Africans remain unbanked, underscoring the scale of the task ahead.
Competition heats up. Players like OPay, Wave, and Safaricom’s M-PESA are all vying for dominance. MoMo is transforming into a digital-first platform focused on user-friendly, customer-centric services, betting that scale and simplicity will secure its lead.
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COOL STUFF
Introducing Kredete-a Nigerian fintech innovating digital lending for African expatriates and cross-border users.
Last month, Kredete secured $22 million in Series A funding to scale its AI-driven platform. It leverages alternative real-time data such as mobile payments and utility bills to create credit profiles, even for those outside traditional banking systems. No bank account or paperwork needed.
Currently, over 700,000 users rely on Kredete monthly for fast, accessible loans. The company is expanding into merchant payments, credit-linked savings, rent reporting, and stablecoin-backed cards, aiming to simplify and democratize financial services across borders.
Kudos to Adeola Adedewe for leading this charge.
CRYPTO TRACKER
The World Wide Web3
Source:
|
Coin Name |
Current Value |
Day |
Month |
|---|---|---|---|
 Bitcoin |
$113,437 |
– 1.21% |
– 2.04% |
| Ether |
$4,148 |
+ 0.28% |
– 11.44% |
| Portal to Bitcoin |
$0.06614 |
+ 1.11% |
+ 0.37% |
| Solana |
$204.74 |
+ 3.78% |
– 17.88% |
* Data accurate as of 05:30 AM WAT, October 14, 2025.
PalmPay Revolutionizes Banking for Nigerians
For countless Nigerians, banking once meant enduring long lines, fees, and frustration. PalmPay is changing that narrative by offering a smarter, faster, and more rewarding banking experience. With instant and unlimited free transfers, savings, loans, and rewards all in one app, PalmPay serves over 35 million users and 1 million agents. Impressively, 1 in 4 PalmPay users opened their first bank account through the app. Designed for everyday hustlers and small businesses, PalmPay empowers you to make your money work harder. Discover the app here.
Events
- Building on the success of 2024, Growth Padi announces Growth Africa Summit 2025 (GAS 2.0) themed “Redefining the Growth Playbook.” This summit aims to challenge outdated business strategies and introduce innovative, resilient growth models tailored for African enterprises. Register by November 1.
- Got a startup story? My Startup in 60 Seconds offers founders a one-minute platform to share their journey, challenges, and successes. It’s a chance to gain exposure to investors, customers, and the broader African tech community. Apply to be featured. This is a paid opportunity.
- Countdown to Moonshot 2025: Africa’s premier gathering of innovators returns on October 15 & 16. From entrepreneurs to policymakers, all key players shaping Africa’s future will be present. Reserve your spot now.
- AI enthusiasts, don’t miss Africa’s top all-expenses-paid AI and Data Science training this October, hosted by Data Science Nigeria (DSN). The AI Bootcamp 2025 runs October 20-25 at the University of Lagos, featuring participants from 36 states and 13 countries. Theme: “AI for All: Democratizing Intelligence and Driving Impact.” Join free city classes to qualify. Register here.
Written by: Emmanuel Nwosu, Opeyemi Kareem, and Zia Yusuf
Edited by: Emmanuel Nwosu & Ganiu Oloruntade
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