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📺Canal+ Unveils €100M Plan to Revive MultiChoice

📺Canal+ Unveils €100M Plan to Revive MultiChoice

Plus: 💰Google Finalizes $32B Wiz Acquisition

Innovation Village
March 12, 2026

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Good Morning Valued Subscribers👋

Instagram experienced a widespread global outage that disrupted access to the platform for millions of users, with businesses in Nigeria among those significantly affected. The disruption temporarily prevented users from loading feeds, posting content, or managing business accounts, interrupting daily activity for brands, creators, and small enterprises that rely heavily on the platform for customer engagement and sales.

For many Nigerian businesses that use Instagram as a primary marketing and commerce channel, the outage underscored the growing dependence on social media infrastructure for digital operations. As online platforms increasingly function as storefronts, communication hubs, and advertising channels, technical disruptions like this highlight the vulnerabilities businesses face when core digital tools suddenly become inaccessible.

Let’s dive in👇

Today’s Menu ☕️

📺 Canal+ Unveils €100M Plan to Revive MultiChoice
💰AfricaWorks Acquires Lagos Site for Business Hub
💵 Google Finalizes $32B Wiz Acquisition
🔐 Prembly Launches FraudLens for Fraud Detection
🤖 Veta Origin Launches African AI Model in 6 Countries
💵 Smartcash PSB Launches Zero-Fee Transfers

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📺MEDIA

Canal+ Unveils €100M Plan to Revive MultiChoice

Canal+ has announced a €100 million investment plan to support MultiChoice Group, the parent company of DStv and GOtv, following a decline in subscribers. MultiChoice’s customer base fell from 14.9 million to 14.4 million in 2025 due to rising inflation, currency pressures, piracy, and growing competition from streaming platforms such as Netflix, Amazon Prime Video, and Disney+.

The investment will focus on improving content quality, simplifying subscription packages, and expanding distribution channels across Africa. As part of the strategy, Canal+ plans to hire more than 1,000 new sales staff to increase market reach and attract more subscribers.............….continue reading

💰ACQUISITIONS

AfricaWorks Acquires Lagos Site for Business Hub

AfricaWorks Investment Partners has completed its first investment since launching in early 2026 by acquiring a prime site on Victoria Island in Lagos. The company plans to develop a mixed-use business park aimed at meeting the growing demand for flexible and high-quality commercial workspaces in Nigeria’s financial hub.

The 1,500-square-meter development will include managed office suites for up to 125 professionals, coworking spaces for 200 users, a conference centre, executive boardrooms, a café, and a fitness centre, along with concierge and valet services.

Construction is already underway, with completion expected in the third quarter of 2026. Once finished, the facility will be operated by AfricaWorks as part of its broader strategy to expand a network of premium flexible workspaces across Africa..............….continue reading

💵ACQUISITIONS

Google Finalizes $32B Wiz Acquisition

Google has completed its $32 billion acquisition of Israeli cybersecurity firm Wiz, marking the largest deal in Google’s history and one of the biggest acquisitions in the cybersecurity sector. The purchase strengthens the company’s cloud security capabilities as competition intensifies in the global cloud computing market.

Wiz, known for its cloud security platform used across multiple environments, will operate under Google Cloud while retaining its brand and continuing to support multi-cloud platforms such as Amazon Web Services, Microsoft Azure, and Oracle Cloud.........….continue reading

🔐CYBERSECURITY

Prembly Launches FraudLens for Fraud Detection

Prembly has introduced FraudLens, an open-source intelligence platform designed to help banks, fintech companies, and businesses detect fraudulent activities and identify fraud patterns earlier. The platform features a Fraud Intelligence Bank that enables organizations to monitor threats and better protect financial transactions and customer data.

According to Prembly CEO Lanre Ogungbe, the tool was created to address the growing complexity of digital fraud as financial services increasingly shift to real-time payments. FraudLens analyzes reported fraud incidents and tracks behavioural patterns of threat actors, helping institutions detect suspicious activity before it escalates.............….continue reading

🤖ARTIFICIAL INTELLIGENCE

Veta Origin Launches African AI Model in 6 Countries

Nigerian startup Veta Origin has launched its large language model across six African countries—Nigeria, Ghana, Kenya, Uganda, South Africa, and Zambia—with the goal of building artificial intelligence tailored specifically for African users. The platform supports English alongside African languages such as Hausa, Igbo, Yoruba, and Swahili to improve accessibility and relevance.

Founded by Ismail Waziri, the company developed the model to address limitations in global AI systems like ChatGPT, Claude, and Gemini, which are largely trained on Western datasets and often struggle with African languages and cultural contexts...........….continue reading

💵PAYMENTS

Smartcash PSB Launches Zero-Fee Transfers

Smartcash Payment Service Bank has introduced zero-fee money transfers and a savings product offering 15% annual interest compounded daily as part of a strategy to attract users in Nigeria’s competitive fintech market. The move challenges the traditional model where digital banks rely on transaction charges to cover infrastructure, compliance, and operational costs.

The platform benefits from its affiliation with Airtel Nigeria, which provides access to extensive telecom infrastructure, agent networks, and distribution channels. With about three million active wallets, Smartcash aims to leverage scale to reduce operational costs and sustain the zero-fee transfer model.............….continue reading