General News
Nigeria, Strategic Market for Kwese TV in Africa- Hundah

Joseph Hundah, president and CEO at Econet Media. A seasoned media and finance executive with over 20 years experience, both on the continent and the globe, Hundah is currently leading the African born but international entertainment group. His previous roles include Executive Vice President: Africa for Modern Times Group as well as Managing Director of Multichoice, Nigeria; Operations Director for M-Net, Sub-Saharan Africa, and Chief Financial officer for M-Net and Super Sport International Holdings Limited and General Manager Finance at the South African Broadcasting Corporation. Through his leadership and experience, the organizations that he has worked with have experienced unprecedented levels of growth and expansion including entrance into new markets. In an Interview with journalists at the launch of Kwese TV in Lagos recently, he spoke on how strategic Nigeria is to the growth of the Station. Ugo Onwuaso was there for Nigeria CommunicationsWeek. Excerpts.
Hundah’s View of African’s, in Terms of like for Pay TV
Well, pay TV in Africa versus the rest of the world ,actually is very much beneficial ,for example if you look at what we call TV household, that is, a household that has a TV in it, the penetration is less than 20%,which is much lower than the rest of the world, so there is very much an opportunity to continue to grow pay TV, but what is also important to understand is that the consumer habits of watching Television are changing, more people are watching content on mobile phones, on laptops, on iPads etc, and we really try to build a business that is suitable also for watching contents even on the mobile phone, so our thrust is really not only to have presence in traditional media platforms but also to look at the new digital media platforms as well for our content.
Based On This, What Can You Say Motivated The Kwese TV To Launch At This Time?
First of all, we saw a gap in the market, we’ve seen that pay TV industry is still growing but more than that, we really pride ourselves on being on innovation and doing things that has not been done before on the continent, for example, that is why we introduced flexible billing on our platforms, the ability to pay three, seven days, its completely innovative, it’s only been tried by one platform in India, no one else has tried it in the world, so we thought why not try this in Africa, it makes sense, after all we sale rice in cups, we sale water in small packs, this is the way economy in Africa is been built over a period of time, so why not do the same in entertainment, let’s give entertainments in small batches but over and above that we’re really trying to build a strong business around mobile, because you know, there are more than 300 million smart phones in Africa, its higher than the US and they expect that those numbers are going to triple over the next 5 years, by 2022 it should be almost 900 million smart phones, the smart phones are getting cheaper, they are getting better quality and most of the population in Africa are actually very young, you know the average population in Nigeria is properly under 20, so you can imagine these young kids are not watching content on television any more, they are watching content on phones, they are on social media. So we have to build a business that is geared towards that.
Having Launched In Nigeria, How Many Countries Are You In Africa And What Is Your Expansion Plan?
Well, on pay TV side, we’ve launched in 14 countries, we started at the beginning of August, we actually launched yesterday also in Uganda and we have plans to launch in Tanzania as well, in Ethiopia, in Namibia, in south Sudan and Swaziland those are countries that are left for us but on our free to air platform, we are in 25 countries , in English and French speaking countries, you know, for the first time consumers are getting premium sports for free, which is really what we want to build, we want to build sports, not just soccer but full sports in general because we have such a young continents, these kids needs to keep themselves occupied, we need them to be involved in sports and stay healthy, the kids are becoming fat.
In These 25 Countries, How Important Is Nigeria?
It’s critical, absolutely critical. It’s a critical market for us, not only because of the population size but the economy is strong and it properly takes like 2 or 3 east African countries to make a population of Nigeria, so Nigeria is really really important market for us.
What Are You Putting In For Nigerian Consumers?
Nigerian consumers are special in the sense that you got a very thriving media business here, remember that your movie industry is the second biggest in the world, so for us it’s important to have as much local content as possible in our platform and we are going to continue to build this specifically for this market because in Nigeria alone you can really create sufficient content to satisfy the Nigerian market alone, but nice thing about Nigeria as well, is even when you create content for Nigeria , it normally travels very well. So the Nigerian movies and contents are very popular elsewhere in Africa, even in DRC, South Africa, in Kenya, in music, in movies. So it’s quite a nice market for creating contents.
What’s Kwese Doing As Regards Developing Young Entrepreneurs?
We have 600 dealers and retailers around Nigeria, most of these people are young, most of our installers are young people, all they do is that they get our installation app and they go and do installations and keep themselves busy, you know it takes about 2 to 3 hours to do one installation, so we are really trying to build that network and this is just the beginning and that network is going to grow, so we really really trying to encourage more and more installer to come on board but we are also encouraging people that are in the production industry, in terms of creating content for our platform, for all our different markets, not just in Nigeria but across Africa.
When You Said Growth, Are You Talking About Growth In Million, That Is, The Entrepreneurs You Are Trying To Grow?
It will be hard to build millions of entrepreneurs but certainly thousands of entrepreneurs, the more installers we have in the market, it will be easier for our customers to get access to the products, so it’s important that in every part of Nigeria, right from the corner of Maiduguri to Sokoto, that we have installers that are available to install our products.
On The Satellite Connectivity Are You Running On KU Band or C Band?
No, we’re running on KU and C band in different part of the continent and we are in rotors satellite, so the reception should be very good, we have taken precaution to try and reduce rain fade but it’s impossible to get rain fade over unfortunately but what you can do is minimize it and we’ve taken steps to minimize it, it’s a strong satellite signals and right equipments to receive those signals.
How Do You Intend To Manage Competition?
Look, Competition is good in the industry because at the end of the day the consumers benefits from competition, price is come down, more variety, so we are really encouraged by competition, what is important for us though is to focus on our own business, what is our own strategy, what is our own plans, how do we intend to rollout the business across Africa, you know, if you manage your own business and if you are sure of your own strategy, you don’t just worry about competition, you know, competition takes care of itself, so we are very happy with the content line that we put out, we’ve worked really hard to get premium contents on our platform, as you saw so many channel that are on our platform are new to Africa completely, so there is scope out there to do business, it’s about creating differentiations , about customer service and about delivery to your customers.
Kwese TV, Five Years From Now
Our ambition is to be number one media business in Africa, across the board. And I think we are on our way to do that, we are already the biggest free to air TV station within two and half years, so it’s just a question of giving us time and we will be number one.
When Will Kwese Tv Go Into Original Production?
We already have some original productions created around some of the sports rights, for example, Sound Sultan will be doing our basketball show in the mornings, so there is a lot more of that going on.
Stand Out Content In Store
We have, like some of the channels that we have in our platform are new to the market, for example Dream works, Toonami which is Carton Super heroes and we’ve got so many news channels that has never been seen in Africa before, so we have quite nice array of contents that is completely exclusive on our platform
Kwese Sports’ Leverage
Sports is really really important on our platform and so far the first biggest investment we made was in sports because when sports rights became available we were able to get them and the nice thing about sports is that, most big sports tournaments are well known, it just gives you good brand recognition and good expansion of your brand but ultimately we know that your offering must be well rounded, you got to take care of kids, you got to take care of women and household as well, it can’t just be all about sports.
Positioning For EPL Right
Right now we have a relationship with them already because we bought their free-to-air right which we are showcasing on Kwese free to air sports, so the issue is that when the right come up, when opportunity is given to everybody to bid for the right, we will bid for it. There is never a guarantee that you will win the bids you know, like we saw a couple of years ago HiTV came in they won the rights and then DStv won the rights back again, you can never know, it’s always up to who pays the most unfortunately with it, it’s completely a very transparent process and all we need is a fair chance to be able to put in our bid as well.
Women and Children Centered Quality Premium Content
Absolutely, in our children’s offering alone we have two exclusive channels Dream world and Toonami and over and above that we have other channels, we have pop, we have boomerang, we have carton network and we have Kwese kids a channel dedicated towards kids, for women we have the E channels coming up soon, we have fox channels that are coming up, we have telenovelas in, Zee bollynova, we have passion, so we have a lot of contents built for women and we have our own branded channels like Kwese prime are targeting women specifically in movies.
General News
NDIC Reinforces Full Oversight Compliance to Safeguard Depositors

Mr. Thompson Sunday, the Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), has reaffirmed the Corporation’s strict compliance with fiscal and financial regulations, including the provisions of the Fiscal Responsibility Act (FRA) 2007, noting that the NDIC has consistently remitted the required percentage of its earnings to the Federal Government.

Mr. Sunday made this known during a courtesy visit to the Managing Director/Chief Executive of the Ministry of Finance Incorporated (MOFI), Dr. Armstrong Takang, as part of NDIC’s ongoing engagement with key stakeholders following his formal assumption of office in July 2025.
According to him, NDIC takes financial accountability and transparency seriously, stressing that the Corporation complies fully with statutory remittance obligations, including the payment of 20 per cent of gross earnings or 80 per cent of net surplus to the Federal Government, as applicable. He added that NDIC also submits its financial statements ahead of statutory deadlines.
The NDIC MD/CE explained that this culture of compliance aligns with the Corporation’s role as a key institution within Nigeria’s financial safety-net, charged with protecting depositors and promoting confidence in the banking system. He emphasized that adherence to fiscal discipline remains central to NDIC’s credibility and effectiveness.
Mr. Sunday further disclosed that NDIC also complies with the Federal Government’s 50 per cent cost-to-income ratio policy, although he noted that the policy poses operational constraints. He explained that the deductions affect NDIC’s ability to build a strong Deposit Insurance Fund, which is needed to respond effectively to bank failures.
He stressed that international best practices under the Core Principles for Effective Deposit Insurance issued by the International Association of Deposit Insurers (IADI) require deposit insurers to maintain adequate funds to reimburse depositors when banks fail without recourse to government, adding that the NDIC is seeking an exemption to strengthen its capacity in this regard.
Mr. Sunday described MOFI as a critical stakeholder, noting that the Federal Government, through MOFI, holds a 40 per cent equity stake in NDIC. He said sustained collaboration with MOFI is essential to ensuring that NDIC continues to meet its obligations to government while effectively safeguarding depositors’ funds.
In his remarks, Dr. Takang commended the NDIC for its exemplary collaborative spirit and acknowledged the Corporation’s compliance with fiscal regulations. He assured that MOFI would continue to engage the Federal Ministry of Finance on NDIC’s behalf, noting that a strong NDIC is vital to sustaining confidence in Nigeria’s financial system.
Both institutions reaffirmed their commitment to continued cooperation, transparency and accountability, with Mr. Sunday reiterating that NDIC remains focused on balancing regulatory compliance with its overriding mandate of depositor protection and financial system stability.
General News
T2 Backs Youth Excellence as NCBC Wins Bosun Tijani Foundation Basketball Tournament

T2 has reaffirmed its commitment to youth development and excellence through sport as the NCBC basketball team, adopted by the brand, emerged champions of the Bosun Tijani Foundation Youth Basketball Tournament held at the Alake Sports Complex, Ijeja, Abeokuta.

The tournament, organised by the Bosun Tijani Foundation in collaboration with the Ogun State Government and supported by several partners including T2, brought together 12 competitive teams from across Nigeria, positioning basketball as a powerful platform for youth engagement, discipline, and opportunity.
NCBC’s championship run reflected the values T2 seeks to champion, work ethic, intelligence, teamwork, and resilience. The team recorded commanding victories over Team Vision, Warlords, and Elevate before defeating the Ilupjeu Raiders 66–52 in a gripping final.
Commenting on the adoption of the team, Seni Ogunkola, Vice President, Brands and Communication, T2 stated “NCBC embodies the qualities we believe in, exceptional work rate, intelligence on the ball, discipline, and a hunger to excel. By supporting them, T2 is investing in potential, purpose, and the next generation of leaders on and off the court.”
The climax of the event saw His Royal Highness, Oba Adedotun Gbadebo, the Alake of Egbaland, alongside Nigeria’s Minister of Communications and Digital Economy, Bosun Tijani, present the trophy to the victorious team, drawing rapturous applause from spectators. The event was also attended by the Chief of Staff to Ogun State Governor Dapo Abiodun, Mr. Lere Olayinka, and the Ogun State Commissioner for Sports, Honourable Wasiu Isiaka, underscoring strong institutional support for youth-focused initiatives.
Through its participation in the tournament, T2 continues to position itself as a brand that goes beyond sponsorship, championing platforms that unlock talent, inspire ambition, and create lasting social impact for Nigerian youth.
General News
Ecobank Guarantees Seamless Digital Banking Services Throughout the Christmas and Year-End Period

Ecobank Nigeria, a member of Africa’s leading pan-African banking group, has assured customers of uninterrupted access to banking services throughout the year-end holiday period via its secure and robust digital platforms. The Bank also urged customers to remain vigilant against fraud and scams during the festive season.

Ecobank Bank
Speaking on the development, Victor Yalokwu, Head, Products & Analytics, Consumer & Commercial Banking, Ecobank Nigeria, said the Bank’s digital channels – including the Ecobank Mobile App, Ecobank Business App, USSD *326#, Ecobank Online, OmniPlus, Omnilite, EcobankPay, RapidTransfer, Ecobank Cards, ATMs, PoS terminals, and over 35,000 Ecobank Xpress Point (Agent Banking) locations nationwide – will remain fully available to support customers throughout the yuletide and year-end holiday period.
He noted that customers will continue to enjoy a wide range of services during the period, including local and international funds transfers, bill payments and airtime top-ups, merchant payments, balance inquiries and account statements, as well as cardless cash withdrawals via ATMs.
According to Yalokwu, “Ecobank encourages customers to leverage these digital solutions for safe, fast, and efficient banking, especially during the festive season when convenience and reliability are essential.
“While physical branch operations may be subject to adjusted working hours in line with public holidays, customers can be assured that Ecobank’s digital platforms are designed to deliver uninterrupted service and enhanced security at all times.
“Ecobank remains committed to providing innovative financial solutions and exceptional customer service, and we wish all our customers a joyful festive season and a prosperous New Year.”
Yalokwu also cautioned customers to remain vigilant against fraudsters and scammers during the period. “Before you wrap up the year, tighten your security. December brings online sales, travel, and year-end distractions—this is exactly when scammers are most active. From fake festive deals to cloned merchant sites and suspicious messages, staying vigilant helps keep your money safe.”
He advised customers to shop only on trusted websites, never share their PINs, passwords, or one-time passwords (OTPs), avoid banking on public Wi-Fi networks, be cautious of urgent or emotionally charged messages, and regularly review their account activity.
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