Will Canal+ get its hands on MultiChoice?

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February 8, 2024
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2 min read

This week on the Techpoint Africa Podcast, the hosts dive into the world of investments, acquisitions, and fraud prevention initiatives as they discuss some of the biggest stories in the African tech space.

But before we dive into the stories, an announcement. Techpoint Africa has partnered with Texas-based startup accelerator Innovest to launch the Innovest Ignite Lagos accelerator to foster innovation and support early-stage startups in Nigeria.

The programme is aimed at empowering Nigerian startup founders by providing them with the mentorship, global networks, and funding required to build impactful startups. Chimgozirim Nwokoma shares the necessary details for interested participants, so be sure to check it out.

Our first story is Master Card's $200m (R3.8b) investment in MTN's MoMo, securing itself a 3.8% minority stake in the telco's fintech arm. Our hosts discuss what this means for not just the telco and the global payment company, but the African fintech industry as a whole.

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Next up is MultiChoice's rejection of Canal+'s acquisition offer of $1.6 billion. Late last week, news of the latter's intention of buying the former broke, but it would seem this intention has hit a snag as MultiChoice has stated that the asking price is insufficient and they would thus not be accepting it.

Bolu Abiodun and Chimgozirim Nwokoma share insights on this story, answering questions such as whether Canal+ undervalued MultiChoice and whether the acquisition would go through given South Africa's strict foreign ownership policy.

Our last story is a follow-up to last week's story: The Nigerian Electronic Fraud Forum (NeFF)'s collaboration with the Association of Mobile Money and Banking Agents of Nigeria (AMMBAN) to fight PoS fraud.

The update is that the CBN plans to recertify all active POS terminals across the country within six months. Our reporters look into how feasible this plan is and what it would mean for PoS operators and users nationwide.

You can catch up on the conversation on Google PodcastsApple PodcastsSpotifyYouTube, and anywhere you get your podcasts. You can also send your questions and observations to [email protected] or share your thoughts using the hashtag #TechpointAfricaPodcast.

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Think Maleficent, with more than a little touch of Jade West and a sprinkle of Sponge Bob SquarePants and you've got me. You can follow my sparsely updated adventures on Twitter @WestsidePOV.
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