Happy pre-TGIF! 
This is not an ad. Meta has announced that a feature I like to describe as “long story short” is coming to WhatsApp.
Do you get puzzled when people, out of the blue, send you long messages to read, or those chats that have been forwarded multiple times in your family group teaching you home-made remedial tips? I must confess, I’ve actually stopped to read a few of those.
New-school CEO Mark Zuckerberg and his AI chefs are cooking up an AI-powered feature that lets you summarise long, boring (and frankly unnecessary) chats that otherwise feel like a violation on multiple fronts.
Long story short. 
– Emmanuel.
M&A
BAS Group acquires Nigerian fintech Zuvy
Whether you serve businesses or individuals, running a lending company will always be a risky terrain to operate in.
Why? It’s hard to determine whether borrowers can pay you—or will ever pay you back. And it’s hard-to-operate terrains like these that develop innovative solutions to solve market-specific problems they have.
We’ve seen it in bank statement verification and alternative data assessments, and asset-based financing for individuals. But what about invoice-backed loans for SMEs?
Zuvy, a Nigerian fintech which was acquired by BAS Group, provided SMEs with invoice-backed loans. Like every other micro-lender, it struggled to issue loans directly. It’s the same case: borrowers want quick cash yet lack eligibility, and as a result, the startup struggled to grow its loan book.
Without increasing your loan book size as a micro-lender, you struggle to make money on premiums and interest. And guess what? The timeline for the debt funding you raised—which is preferable for businesses like these with capital-heavy operations as opposed to tech and assets—is expiring.
So, Zuvy pivoted to invoice-backed loans, which meant it excluded a huge chunk of businesses and targeted a specific group—vendors who sold to manufacturers. If you run a chicken poultry farm and supply to Chicken Republic? Check. 
Put your money credibility where your mouth is and get a loan.
It’s similar to Rivy (formerly Payhippo), another Nigerian SME lender which shifted from direct lending to solar financing. What can SME direct lenders fundamentally fix about staying long-term in the market? Are niche-specific loans a better way to go, provided you keep recovery optimal?
Well, this leaves one niggly problem: who takes care of the groups that have been excluded from these pivots? Zuvy’s acquirer, BAS Group, says it wants to do so.
Read how the acquisition of Zuvy, which has disbursed “billions in loans,” went down.
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Streaming
Multichoice’s 50% price slash screams desperation
Three price hikes in 12 months. A staggering 1.2 million subscribers lost at the end of its last financial year. 1.4 million subscribers in Nigeria alone gone in over two years. Court cases and CEO summons by the Federal Competition and Consumer Protection Commission (FCCPC), the country’s consumer protection watchdog, over the hikes in its subscription packages. Testing of weekly bundles in Uganda. The unbundling of SuperSport—it’s crown and jewel.
It is clear: Multichoice is scrambling to survive.
In Nigeria, the over-the-top (OTT) video market—basically, streaming platforms—has a projected revenue of $1.22 billion in 2025, and is expected to have 14.8 million users by 2030. As OTT media services continue to lure viewers with flexible, cheaper, ad-free content, Multichoice’s once-loyal audience is slipping away.
Now, the pay-TV giant is in full damage control mode. In its latest move, Multichoice Nigeria slashed the price of its decoder by 50%, from ₦20,000 ($13) to ₦10,000 ($6.5). It’s also offering a free package upgrade for any subscriber who pays their current subscription in full between June 16 and July 31.
The new campaign is being sold as a reward for loyalty and a response to the harsh economic reality of Nigerians, but this seems more like a survival play than a goodwill gesture.
Whether it works or not, the truth is MultiChoice is staring down an empty barrel. The Multichoice of old—dominant, unchallenged, the one that went ‘Loading… 1 of 100’ in a painfully slow booting process—is gone. Today’s Multichoice is buffering in real time.
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Government
Kenya blocks Telegram access amid June 25 protests
Kenya has restricted access to Telegram as part of a clampdown on the June 25 anniversary protests. On Wednesday, NetBlocks, a global internet activity watchdog, confirmed that the social media platform is now partially or fully inaccessible across Kenya.
Why are Kenyans protesting? Thousands of Kenyans took to the streets to protest bad governance and mark the anniversary of the June 25 2024 uprising, where protesters invaded parliament over tax rises and harsh economic situations. In addition, Kenyans were using platforms like Telegram and X to organise, livestream, and share footage of the protests. The government was not too happy about that.
In a “totally unrelated” move earlier that day, the Communications Authority of Kenya (CAK) issued a directive banning live media coverage of the protests by television and radio stations or risk regulatory actions. The timing of both actions show there’s an attempt to control both physical and digital narratives.
The restriction has sparked digital rights concerns, with users warning that silencing online platforms could inflame tensions rather than ease them. The government has yet to issue a formal statement on the Telegram restriction.
Across Africa, social media shutdowns have become a playbook for regimes trying to suppress dissent. In 2021, Nigeria banned Twitter (now X) for seven months after a tweet by then-president Muhammadu Buhari was deleted. More recently, in June 2025, Tanzania blocked access to X over claims of pornographic content.
With an estimated 384 million internet users on the continent, social media platforms serve as vital spaces for news, mobilisation, and protest. It’s precisely this power that makes them the first target when governments want to tighten control.
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CRYPTO TRACKER
The World Wide Web3
Source:
|
Coin Name |
Current Value |
Day |
Month |
|---|---|---|---|
 Bitcoin |
$107,777 |
+ 1.53% |
– 0.83% |
| Ether |
$2,475 |
+ 1.79% |
– 3.17% |
| Trump Mobile |
$0.002249 |
+ 268.55% |
+ 6403.73% |
| Solana |
$144.83 |
– 0.37% |
– 16.16% |
* Data as of 06.30 AM WAT, June 26, 2025.
Opportunities
- Applications are now open for the 2025 FATE Institute Fellowship, a two-year, part-time and virtual programme for experienced Nigerian professionals passionate about entrepreneurship and policy reform. The fellowship is open to candidates with at least 10 years of relevant experience and a completed or ongoing Master’s or PhD in fields like Economics, Law, or Political Science. Fellows will work remotely, contribute to research on Nigeria’s entrepreneurship ecosystem, engage with policymakers, and take part in virtual policy discussions, without needing to leave their current roles. Apply by July 25.
Written by: Emmanuel Nwosu and Opeyemi Kareem
Edited by: Emmanuel Nwosu
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I am the CEO of 9JAGISTLAND.My name is Adedeji Timothy and my co-owner is Oyekola Damilare.This blog is born out of our passion to educating to people in all aspect of internet life.We are enthusiastic about writing posts and articles online.
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