Telecom
Ekeh, Zinox Boss, Commits Over N500m to Create Jobs, Promote Peace in Imo
Leo Stan Ekeh, serial digital entrepreneur and Chairman, Zinox Group, has committed the sum of over N500 million towards a novel initiative to create jobs and promote peace in Imo State.
Ekeh, a native of Mbaitoli in Imo State, announced the contribution during a quarterly Stakeholders Meeting/Luncheon hosted by the Imo State government on Tuesday, January 4, 2022.
The well-attended session, which was held at the Government House in Owerri, the Imo State capital, had in attendance Governor Hope Uzodinma, the Deputy Governor, Prof. Placid Njoku, members of the expanded State Executive Council, as well as serving and past Imo State House of Assembly members and representatives from the National Assembly.
Also in attendance was President General, Ohanaeze Ndigbo Worldwide, Prof. George Obiozor, former Imo State Governor, Ikedi Ohakim, elder statesman Chief Emmanuel Iwuanyanwu, former Inspector General of Police, Mike Okiro, legendary singer Onyeka Onwenu, as well as traditional rulers, members of the clergy and academia and other distinguished sons and daughters of Imo.
Speaking during the event, Ekeh, who was the Chairman on the occasion, asserted that the 21st century is a knowledge economy which demands a new attitude and mindset.
He added that hard work, brilliance, humility and a firm belief in God are essential ingredients for success, even as he revealed that Imo State is blessed with a number of youths with these qualities.
Using himself as an example, Ekeh held that if he could achieve so much from nothing, certainly the current crop of young people in the state are better exposed, more brilliant and in a better position to achieve even more.
The digital entrepreneur explained that the N500m fund would be utilized in establishing a finishing school which would polish fresh graduates as well as the unemployed, equipping these beneficiaries with world class skills that would transform them into highly sought-after prospects that can compete with their peers globally.
He added that the products of the school would become more marketable and would secure gainful employment in Nigeria and abroad, while also adding that he would source resource persons from around the world to mentor the beneficiaries and equally re-train their trainers.
Ekeh, who seized the opportunity to sue for peace in Imo State, also appealed to all aggrieved parties to forgive and forget the wrongs of the past, even as he urged them to join forces with the current administration to restore the glory of the state.
In addition, he called on the media to exercise some restraint in their reportage and to refrain from unfairly portraying the state in bad light as a hotbed of insecurity.
‘‘I am not a politician and I will never be one in my lifetime. But nobody can convince me to fight against my state. Imo State belongs to all of us. We need to join hands with the current administration and whoever is in power to develop the state for our children and unborn generations,’’ he stated.
Further, Ekeh called on other well-meaning Imo indigenes at home and in the Diaspora to support the government and to join hands and commit to the latest project by volunteering to sponsor a minimum of five beneficiaries across each town through the finishing school. He added that the project would commence with the best qualified five per town until every unemployed graduate is re-trained in Imo state.
‘‘Through this finishing school, we will equally train the trainers and leverage on our brothers and sisters, both in Nigeria and in the Diaspora with global competences to re-train our unemployed and underemployed graduates to enhance their profiles in the global marketplace,’’ he submitted.
Also speaking at the event, Gov. Uzodinma, who delivered a scorecard of his administration’s performance within the past two years, hailed Ekeh for his unceasing contributions to the development of Imo State.
While thanking him for his many selfless and philanthropic gestures in the past, Uzodinma also expressed gratitude to the Zinox boss for his latest initiative, adding that the proposed project would go a long way in supporting the state government’s human capital development drive.
Uzodinma, who announced the rebuilding of the demolished Eke Ukwu market, amid a host of other developmental projects across the state, restated his determination to ensure that Imo State regains its rightful place as the pride of the South-East and a tourist/investors’ haven.
‘‘My beloved Ndi-Imo, I want to reiterate my resolve to serve with all my heart and with all my strength, with the fear of God. One thing you can be assured of is that under my watch as your governor, not a pin belonging to Imo State will ever be unaccounted for.
‘‘Another thing you can be sure of is that our dear Imo will become great again,’’ he declared.
In addition to the finishing school which would be commissioned this year, Ekeh equally pledged to digitally upgrade and bring proceedings in the State House of Assembly online, allowing Imo indigenes and members of the various constituencies across the state the opportunity to engage with their elected representatives more closely and in real time.
In celebration of International Women’s Day (IWD) 2026, Techeconomy, a leading business news platform in Nigeria, has unveiled its “100 Women Shaping the Future: Techeconomy Power List 2026,” recognizing exceptional women driving innovation, leadership, and impact across technology and the broader digital economy.
Techeconomy
The annual recognition spotlights women who are transforming industries through entrepreneurship, policy leadership, digital innovation, financial inclusion, media, education, and emerging technologies.
The initiative is part of Techeconomy’s commitment to promoting gender inclusion and highlighting female leadership shaping Africa’s technology ecosystem.
The Techeconomy IWD Power List features a diverse group of women, from corporate executives and startup founders to policymakers, ecosystem builders, and social innovators, whose work continues to influence the future of technology, business, and digital transformation in Nigeria and across Africa.
Speaking on the initiative, Joan Aimuengheuwa, the Managing Editor at Techeconomy, noted that the recognition goes beyond celebrating titles, focusing instead on impact, resilience, and the ability to shape the future through innovation and leadership.
According to her, “the women on the list represent different sectors including fintech, banking, healthcare, agriculture, education, communications, and the creative economy, demonstrating the growing role of women in advancing technology-driven development.
The unveiling aligns with the global celebration of International Women’s Day, which highlights the achievements of women and calls for accelerated progress toward gender equality. Across the world, the technology sector continues to push for greater female representation and leadership as part of efforts to build more inclusive digital economies.
Also speaking, Oluwatosin Aloba, the Brand Manager at Techeconomy, said: “Techeconomy IWD 2026 Power List is specially designed to inspire the next generation of female innovators and leaders by showcasing role models who are breaking barriers and redefining possibilities in the technology landscape.
“Techeconomy encouraged industry stakeholders, institutions, and the broader public to celebrate the achievements of these women while continuing to support policies, programs, and investments that expand opportunities for women in technology”, she added.
The full list of the “100 Women Shaping the Future: Techeconomy Power List 2026” is available on the Techeconomy website or visit: https://techeconomy.ng/techeconomy-iwd-2026-power-list-celebrates-100-women-shaping-the-future-of-tech/.
National Information Technology Development Agency (NITDA), via its Office for Nigerian Digital Innovation (ONDI), has partnered with the Japan International Cooperation Agency (JICA) to launch applications for the fifth cohort of the iHatch Startup Incubation Programme, targeting 37 innovation hubs—one per state and the Federal Capital Territory (FCT).
NITDA
The initiative selects hubs as state-level managers to run incubation programmes, addressing uneven support outside Lagos and Abuja. “Nigeria’s startup ecosystem has grown rapidly, but access remains uneven,” said ONDI National Coordinator Victoria Fabunmi. “iHatch builds stronger hubs, standardises quality, and boosts investment readiness across all regions.”
Amid Africa’s $3.42 billion startup funding in 2025, Nigeria’s innovation clusters in major cities, sidelining rural founders. Selected hubs will incubate five startups each for at least one year, providing structured guidance for growth and funding. Hubs gain operational support, resources, and performance rewards—prioritizing ecosystem leadership over cash grants.
Eligibility and Timeline
Eligible hubs must:
Operate for at least one year with local engagement.
Possess infrastructure for incubation activities.
Applications close March 16 at ondi.nitda.gov.ng/#/ihatch.
Fabunmi emphasized: “By equipping hubs with tools, curriculum, and oversight, iHatch ensures consistent outcomes for founders everywhere,” tackling geographic gaps to scale local innovation.
French media group Canal+ has announced a €100 million turnaround plan to revive growth at MultiChoice, Africa’s largest pay-TV operator, after the DStv owner lost hundreds of thousands of subscribers and suffered a decline in revenue in 2025.
MultiChoice
The move follows Canal+’s full takeover of the South Africa-based broadcaster, which has been squeezed by weaker household purchasing power across Africa and intensifying competition from global streaming platforms.
According to Canal+’s latest financial disclosures, MultiChoice ended 2025 with 14.4 million subscribers, down from 14.9 million a year earlier, while revenue fell 6 per cent to €2.4 billion.
Adjusted earnings before interest and tax dropped 14 per cent to €159 million, prompting Canal+ to describe 2025 as “another challenging year” marked by falling subscriber numbers and an unsustainably high cost base.
The group cited currency depreciation in key markets such as Nigeria and persistent electricity shortages as major headwinds making it harder for households to maintain pay-TV subscriptions.
Canal+ also pointed to problems at Showmax, MultiChoice’s streaming service, describing one of its key contracts as an “expensive failure” and confirming that the arrangement is being shut down as part of a wider refocus on the core pay-TV business.
Under the new “boost plan,” which will roll out from 2026, Canal+ aims to restart subscriber growth and improve profitability across MultiChoice’s footprint by investing in content, pricing, distribution and sales.
On content, the French group says it plans to assemble the “best content on the African continent” by blending premium international programmes with more locally produced films, series and sports tailored to African audiences.
It will also simplify subscription packages and adjust pricing structures to make DStv and related offerings easier for customers to understand and afford.
To expand reach, Canal+ intends to subsidise hardware such as decoders and satellite dishes, lowering entry costs for new users.
In addition, the company will recruit more than 1,000 sales staff across African markets as it shifts MultiChoice towards a more aggressive, “sales-focused” model designed to win back and attract subscribers.
Alongside this investment push, Canal+ is embarking on significant cost-cutting measures, including a voluntary severance plan for some MultiChoice support staff and a restructuring of Irdeto, its technology and cybersecurity subsidiary.
Canal+ now expects to generate over €250 million in synergies by 2026, up from an earlier €150 million estimate, driven by the shutdown of loss-making Showmax contracts, operational restructuring at MultiChoice and rationalisation of company-owned properties.
The cost of delivering these savings is projected at between €70 million and €100 million. Despite the planned reforms, the group still anticipates a slight further decline in MultiChoice’s subscriber base in 2026, though the pace of losses is expected to slow, with adjusted earnings before interest and tax forecast to rise modestly to about €170 million as cost savings begin to offset weaker revenue and higher expenses.
Canal+ gained effective control of MultiChoice on 20 September 2025 after acquiring a majority stake, later buying out remaining shareholders and delisting the company from the Johannesburg Stock Exchange in December 2025.
The French media group has said it intends to complete a secondary listing on the JSE before June 2026 to reinforce its presence in Africa’s fast-growing media and entertainment market.
The €100 million boost plan underlines the mounting pressure on traditional pay-TV operators across the continent as currency weakness, rising living costs and rapid expansion of streaming services force a strategic rethink of legacy television business models.
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