📡 Amazon Set to Rival Starlink in Nigeria

Good Morning Valued Subscribers👋

Leadership changes have a way of signaling where companies are headed next. When the corner office starts to shift, it is rarely just about replacing one name with another, it is usually a quiet reset of priorities, strategy, and ambition. This week, some of the biggest players in media, energy, and global tech are all pressing that reset button, putting new faces at the helm at a time when their industries are under intense pressure to adapt, grow, and rethink old playbooks.

From Nigeria’s power and pay-TV sectors to Silicon Valley boardrooms, these appointments hint at bigger conversations around governance, transformation, and what the next phase of growth should look like. New leadership often comes with fresh mandates: fix what is broken, scale what is working, and prepare the business for a future that looks very different from the past. As you read through today’s stories, keep an eye on what these changes might mean—not just for the companies involved, but for the markets and consumers watching closely from the sidelines, companies involved, but for the markets and consumers watching closely from the sidelines.

Let’s dive in👇

Today’s Menu ☕️

📡 Amazon Leo wins NCC approval to launch satellite internet in Nigeria by 2026
📺 Kemi Omotosho Named MultiChoice Nigeria CEO
💵 Silverbacks Marks 10th Exit as Flutterwave Acquires Mono
👤 Eko Disco Appoints Wola Joseph-Condotti as CEO
⚖️ Paramount Takes WBD Fight to Court
💰IFC Plans $50m Investment in Adenia SME Fund

📡 SATELLITE INTERNET

Amazon Leo wins NCC approval to launch satellite internet in Nigeria by 2026

Amazon’s satellite internet initiative, Project Kuiper (Amazon Leo), has secured a seven-year landing permit from Nigeria’s NCC, enabling operations from 2026. The approval allows Amazon Leo to operate its LEO satellite constellation and deliver fixed, mobile, and in-motion satellite services across Nigeria using Ka-band spectrum, supporting speeds of up to 400 Mbps.

This move introduces serious competition to Starlink, ending its near-monopoly in Nigeria’s LEO broadband market. Backed by Amazon’s scale, AWS integration, and enterprise reach, Amazon Leo’s entry is expected to reshape pricing, accelerate rollout, and expand broadband access for households, businesses, mobility platforms, and critical infrastructure nationwide...............….continue reading

📺 MEDIA

Kemi Omotosho Named MultiChoice Nigeria CEO

MultiChoice Nigeria has appointed Kemi Omotosho as its new CEO, effective January 2026, following the retirement of John Ugbe after nearly 15 years in the role. The transition is part of a planned succession strategy aimed at maintaining leadership continuity amid rapid changes in Nigeria’s media and entertainment market.

Omotosho, a long-serving MultiChoice executive with over 20 years of experience across media, telecoms, and digital services, brings deep regional and customer-focused expertise. Her appointment comes at a critical time as MultiChoice navigates content negotiations, regulatory pressures, and growing competition from streaming platforms..............….continue reading

💵 DIVESTMENTS

Silverbacks Marks 10th Exit as Flutterwave Acquires Mono

Silverbacks Holdings has recorded its tenth profitable exit following Flutterwave’s acquisition of open banking startup Mono in an all-share deal estimated at $25–40 million. The transaction consolidates two Silverbacks portfolio companies and strengthens Flutterwave’s infrastructure capabilities in open banking.

Mono, a key player in Nigeria’s fintech ecosystem, provides APIs that power bank connectivity for major platforms like Moniepoint and PalmPay. The deal underscores Silverbacks’ long-term fintech investment strategy and highlights growing consolidation within Africa’s financial infrastructure space............….continue reading

👤APPOINTMENTS

Eko Disco Appoints Wola Joseph-Condotti as CEO

Eko Electricity Distribution Company has appointed Wola Joseph-Condotti as its new CEO following the resignation of Rekhia Momoh. A seasoned energy executive and former Group CEO of West Power & Gas, Joseph-Condotti played a key role in the recent ₦360 billion acquisition of Eko Disco by Transgrid Enerco-led investors.

Her appointment comes as the company faces heightened expectations to improve performance and support Nigeria’s evolving power sector, particularly in Lagos and Ogun States..........….continue reading

⚖️ LEGAL

Paramount Takes Warner Brothers Discovery Fight to Court

Paramount has escalated its takeover bid for Warner Bros. Discovery by filing a lawsuit in Delaware and launching a proxy fight after WBD rejected multiple offers in favor of a proposed merger with Netflix. Paramount is seeking greater disclosure on how WBD evaluated the Netflix deal, particularly the planned spin-off of Discovery Global, and plans to nominate new directors to force a reconsideration of its bid. The move sets up a high-stakes legal and shareholder battle as both sides dispute deal value and execution risk.................….continue reading

 💰INVESTMENTS

IFC Plans $50m Investment in Adenia SME Fund

The International Finance Corporation (IFC) has proposed a $50 million investment in Adenia Entrepreneurial Fund I, comprising up to $30 million in equity and a $20 million co-investment facility. The $180 million pan-African fund will focus on growth equity investments in 10–12 SMEs and small-cap companies, with ticket sizes of $10–20 million. Managed by Adenia Partners, the fund aims to provide long-term capital to scalable African businesses, supporting job creation and economic growth across multiple markets.........….continue reading

OTHER STORIES

• DEG commits €30 million loan to Africa Go Green Fund to accelerate climate solutions………continue reading

• Meta appoints Dina Powell McCormick as President and Vice-Chairman to steer next phase of growth………continue reading

• Kenyan startup Mamy Eyewear secures funding from Ikemori Venture Support………continue reading

• When Will IShowSpeed Be in Nigeria? Updates on His Africa Tour………continue reading

• Strengthening Data Security With Proactive Risk Management………continue reading

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