Telecom
Adenuga Bags Five Man of the Year Awards
Dr. Mike Adenuga Jr, chairman Globacom has been conferred with the 2009 Man of the Year by five media organizations.
This is the first time one private individual has been named Man of the Year by such number of media organizations.
He was chosen by Silverbird Communications, owners of Silverbird TV and Rhythm 93.7 FM; Independent Newspapers, owner of Daily Independent newspaper; Compass; City People and Ovation International as the most outstanding personality in 2009.
In a letter conveying the “2009 Silverbird Man of the Year” award to Dr Adenuga, Ben Murray-Bruce, chairman of Silverbird Group, said the Globacom chairman was overwhelmingly voted for by over 75% of Nigerians who participated in the poll.
Murray-Bruce noted that Adenuga’s “outstanding achievements in the last year and, indeed, years gone by were immeasurable.”
“The consistent and relentless giant strides you have made and continue to make towards the development of our beloved country are not just remarkable, but exceedingly outstanding. You were overwhelmingly voted for by Nigerians across the country. Your emergence further attests your popularity, which is not unconnected with your uncommon belief in Nigeria and the ability of the Nigerian to ‘Rule the World’,” Murray-Bruce stated.
The Silverbird Man of the Year award was initiated in 2005 to celebrate the Nigerian who, in the past year, positively touched the lives of other Nigerians the most.
In choosing Adenuga for the Man of the Year award, City People observed that he was one notable Nigerian who had caused a total revolution in the telecom sector. “His name reverberates across Nigeria and West Africa, from Ghana to Senegal, Togo to Benin Republic and Nigeria. Even in countries where the company is still prospecting licence, Globacom and the man behind it have become adorable household names. He is the authentic African business icon,” said the magazine.
Dr. Adenuga also emerged the Independent Newspapers Man of the Year from a shortlist of candidates including late Gani Fawehinmi, CBN Governor Lamido Sanusi, former Ghanaian President John Kuffuor, US President Barak Obama, Governors Rotimi Amechi of Rivers State, Adams Oshiomhole of Edo, and Emmanuel Uduaghan of Delta.
In deciding on the Man of the Year, the board of the newspaper said Adenuga’s impact during the year in private entrepreneurship struck it as inspiring and outstanding. “Adenuga was chosen for Globacom’s successful completion of the trans-Atlantic submarine cable which connects Africa to Europe and America and for the nationwide optic fibre cable (OFC) which connects over forty cities in Nigeria and is reputed to be Nigeria’s largest OFC network.
Ovation International and Compass also observed that Dr. Adenuga is the individual that positively touched millions of lives the most in 2009. They noted that in both banking and telecommunications, Adenuga affected millions of lives through excellent service delivery, customer reward schemes and poverty eradication initiatives.
All the five media organisations noted that Globacom’s successes in just six years of business are a tribute to Adenuga’s business and managerial acumen. “With its foray in Benin Republic where in a little over one year it is now one of the country’s leading telecom operators with over one million subscribers, the telecom licence it won recently in Cote d’Ivoire, its imminent launch in Ghana, its bid for licence in Togo and Senegal and the landing of Glo1 in Ghana and Nigeria, Glo is now on a fast track to actualising its vision of building the largest and best telecom company in Africa,” said one of the reports that justified the selection of Adenuga for the honour.
2009 also saw Adenuga’s Glo launch its fixed line network, Glo Broadaccess. With the new service, they observed, Adenuga has once again led the way in the drive to reinvigorate wired telephony in the country and is bringing Nigeria closer to the advanced nations that have long enjoyed the benefits of broadband which included convergence, high speed internet, video and TV on demand.
They also commended Adenuga for changing the face of sports on the continent through the sponsorship of the CAF Awards, the Glo International Half Marathon and the Nigeria and Ghana premier leagues and national teams.
Telecom
ASVLP 2026: Africa, MENA VCs Gear Up as Tech Funding Hits $4.1bn Rebound

As Africa and MENA’s startup ecosystems transition from post-correction resilience into a new phase of disciplined growth, the Africa Startup & VC Landscape Preview (ASVLP 2026) will convene leading founders, investors, policymakers, and ecosystem builders on January 29, 2026, for its second annual, agenda-setting virtual forum.

Following a challenging global venture cycle, 2025 marked a notable rebound across the African ecosystem, with startups raising an estimated $3.2–$3.3 billion over the full year.
The recovery was accompanied by significant structural shifts: Kenya emerged as the leading destination among Africa’s “Big Four” markets for the first time, while Nigeria recorded a year-on-year funding decline, reflecting changing investor preferences, macroeconomic pressures, and a broader recalibration toward capital efficiency and sustainability.
Sectorally, fintech remained the most funded vertical, while climate & energy, AI-enabled solutions, healthtech, and infrastructure-adjacent businesses gained increasing attention. Across Africa and MENA, development finance institutions (DFIs) and family offices played a more pronounced role in anchoring funds, deploying catalytic capital, and supporting blended-finance structures, reshaping how early-stage and growth capital is mobilized.
ASVLP 2026 is designed to translate these data points into forward-looking strategy.
The forum will bring together venture capitalists, angel investors, LPs, DFIs, family offices, founders, corporate leaders, and regulators from Africa, MENA, Europe, and North America to assess 2025 outcomes and chart priorities for 2026.
The program will feature keynotes, fireside chats, panels, and deep-dive roundtables, including discussions on:
· The 2026 Africa & MENA FinTech Landscape, focusing on security, profitability, regulation, and growth frontiers
· Emerging Fund Managers, capital formation, and LP alignment
· Talent, operator depth, and institutional capacity as constraints to scale
· Regulatory evolution and cross-border market integration
A major highlight of ASVLP 2026 will be the Final DealRoom Pitch Session, where a curated group of high-potential startups will present to an experienced panel of investors.
• Founders can apply to pitch via: bit.ly/ASVLP-DR-Founders
• Investors seeking DealRoom access can request entry via: bit.ly/ASVLP-DR-Investors
Confirmed speakers for ASVLP 2026 include Khaled Ismail (HIMangel), Idris Ayodeji Bello (LoftyInc Capital), Zachariah George (Launch Africa), Tosin Faniro-Dada (Breega), Selma Ribica (FirstCircle Capital), Maha Mandour (COREangels MEA), Joe Kinvi (Borderless), Remi Prunier (Orange Ventures MEA), Karima El Hakim (Plug and Play Tech Center), Souheil Guessoum (President, The Confederation of Citizen Employers – Algeria (CAPC)), Remi Prunier (Partner, Orange Ventures, MEA), Maha Mandour (COREAngels MEA), Ali Hussein (President, Kenyan FinTech Association), Patrick Okebu (CIO, Interswitch Group) among other leading voices shaping capital, policy, and innovation across the region.
“The conversation has shifted,” said Uche Aniche, Convener of ASVLP. “It’s no longer about whether capital will return to Africa and MENA, but what kind of capital, deployed with what discipline, and in service of which long-term outcomes. ASVLP exists to help the ecosystem make sense of that transition.”
Participation in ASVLP 2026 is free but strictly by invitation.
Interested participants are encouraged to repost the official announcement on LinkedIn and comment #ASVLP2026 to receive a private registration link. They could also email [email protected] and request invite.
Telecom
TikTok, Instagram Blamed in US Youth Suicide Lawsuit

Major social media giants Meta Platforms, TikTok and Alphabet’s YouTube will face a landmark jury trial this week in Los Angeles County Superior Court over allegations that their addictive designs have fuelled a youth mental health crisis, marking the first such case to reach this stage.

Social Media
The pivotal personal injury lawsuit centres on a 19-year-old Californian woman identified as K.G.M., who claims her childhood immersion in Instagram, Facebook, YouTube and TikTok—engineered with endless scrolls, autoplay videos, notifications and algorithms—sparked severe anxiety, depression and suicidal thoughts.
Dozens of similar suits have surged since 2022 from families, schools and states, accusing the firms of burying internal research on teen harms while prioritising ad revenue through youth-targeted engagement hooks, despite Section 230 protections for user content.
Plaintiffs seek damages and design overhauls, arguing platforms bypassed parents and preyed on vulnerable kids; defendants counter there’s no clinical “social media addiction” diagnosis, no proven causation—kids with issues often use less—and they’ve added safeguards like parental controls and time limits.
Echoing Australia’s under-16 bans, the trial will scrutinise thousands of internal documents, expert testimonies and K.G.M.’s story, potentially expanding tech liability amid debates where studies show complex links, not direct causation, between screen time and disorders like eating issues or self-harm.
A win could mandate warning labels, age gates or algorithm tweaks, reshaping global platforms as U.S. Surgeon General advisories and global scrutiny intensify pressure on Big Tech to prioritise child safety over profits.
Telecom
Meta Tests Paid Subscriptions Across Instagram, Facebook, WhatsApp

Meta is gearing up to trial paid subscription services on Instagram, Facebook, and WhatsApp, aiming to diversify revenue streams beyond advertising while maintaining free core access for all users.

Meta
The subscriptions will offer enhanced tools tailored for everyday users, creators, and businesses, including advanced content creation, sharing, and workflow features distinct from the existing Meta Verified verification program. Unlike a uniform rollout, Meta plans varied testing formats per app to match diverse audiences, experimenting with feature bundles based on user feedback to refine the model.
A key element involves integrating Manus, the autonomous agent firm Meta acquired for $2 billion in December, into these apps alongside its enterprise sales. Manus enables complex task automation with minimal input, with early signs like Instagram shortcuts already spotted by reverse engineer Alessandro Paluzzi.
Video tools feature prominently: Meta’s Vibes short-form video generator in the Meta AI app shifts to freemium, where paid tiers unlock higher monthly creation limits beyond the free baseline. On Instagram, subscriptions could enable unlimited audience lists, non-follower tracking, and anonymous Story views, though specifics for Facebook and WhatsApp remain under wraps.
Drawing from Meta Verified’s 2023 launch—which provides badges, support, and protection mainly for creators—these broader plans target wider appeal amid industry shifts. Ad growth slows against TikTok competition, while Snapchat+ boasts 16 million subscribers at $3.99 monthly, proving demand for value-driven paid perks despite subscription fatigue risks from streaming and storage fees.
Meta will phase tests gradually, prioritizing feedback to shape long-term viability without alienating free users.
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