{"id":768,"date":"2026-10-24T11:09:53","date_gmt":"2026-10-24T11:09:53","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/10\/24\/%f0%9f%91%a8%f0%9f%8f%bf%f0%9f%9a%80techcabal-daily-equity-but-make-it-liquid-techcabal\/"},"modified":"2026-10-24T11:09:53","modified_gmt":"2026-10-24T11:09:53","slug":"%f0%9f%91%a8%f0%9f%8f%bf%f0%9f%9a%80techcabal-daily-equity-but-make-it-liquid-techcabal","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/10\/24\/%f0%9f%91%a8%f0%9f%8f%bf%f0%9f%9a%80techcabal-daily-equity-but-make-it-liquid-techcabal\/","title":{"rendered":"\ud83d\udc68\ud83c\udfff\u200d\ud83d\ude80TechCabal Daily \u2013 Equity, but make it liquid – TechCabal"},"content":{"rendered":"


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\n In partnership with<\/span>\n <\/div>\n
\n \"Fincra\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n
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Good morning. \u2600\ufe0f
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This week, Pesa, CredPal, Bamboo, AfriChange, Tech Safari, and \u00c0ngeles Sostenibles are hiring. Head over to our job board<\/a> to find opportunities.<\/p>\n

Another reminder: <\/strong>Moonshot 2026 is now five days away, and all tickets are still 30% off until October 24.<\/strong>Get your Moonshot ticket now<\/a>.<\/p>\n

One more thing: we\u2019re still collecting feedback on TC Daily. Tell us what you love, what you skip, and what you want more of. Share your thoughts here<\/a>.<\/p>\n


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\n Read smart insights about Francophone Africa\u2019s tech ecosystem\u2014weekly.\n <\/p>\n<\/p><\/div>\n<\/div>\n

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Flutterwave employees can now borrow against their shares<\/h3>\n
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Flutterwave chief executive officer Olugbenga Agboola. Image Source: Steven Ferdman\/Getty Images.<\/figcaption><\/figure>\n

Startup shares can make employees and early investors look rich on paper. But that wealth is usually locked up until the company is sold or someone else agrees to buy the shares. Flutterwave, Africa\u2019s largest payment company, is trying to give some shareholders another way<\/a> to get cash out of their paper wealth without selling the shares.<\/p>\n

What happened?<\/strong> Flutterwave has partnered with Techdollar, a US-based private-credit startup, to let its employees borrow money using their Flutterwave shares as collateral. Shareholders keep their shares while borrowing against their value.<\/p>\n

Explain like I\u2019m new here:<\/strong> Startup employees are sometimes paid partly in equity, particularly at young companies. That means someone who joined early can end up owning shares that are worth a lot on paper as the company raises money and its valuation climbs. Normally, if a shareholder wants to turn those shares into cash, they need a buyer. This can happen through a secondary share sale, where another investor buys shares directly from an existing shareholder and the shareholder gets cash.<\/p>\n

When Nigerian fintech Moniepoint raised $110 million<\/a> in 2024, at least two senior employees sold portions of their shares, receiving $850,000 and $20,000 respectively. Flutterwave\u2019s arrangement with Techdollar is different.\u00a0<\/p>\n

How does it work?<\/strong> The shareholder pledges eligible Flutterwave shares as collateral and receives a loan from Techdollar. They own the shares, but the lender has a claim on them if the borrower fails to repay.<\/p>\n

Why it matters?<\/strong> Flutterwave\u2019s $3.25 billion valuation gives the arrangement some serious numbers to play with. For employees, the access to cash now without giving up exposure to how big Flutterwave grows is an appeal.<\/p>\n<\/p><\/div>\n<\/div>\n<\/div>\n

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Pay with OPay is live on Fincra. Customers approve payments straight from their OPay wallet, and you get confirmation back on your site. Available now for NGN collections!Upgrade your business today with<\/strong> Fincra pay with opay<\/a>.
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CANAL+ gets bigger, but MultiChoice is still shrinking<\/h3>\n
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Image source: Tenor<\/figcaption><\/figure>\n

CANAL+ is now a much bigger company because it owns MultiChoice. The awkward part is that the business it bought is still getting smaller where it matters most.<\/p>\n

What happened?<\/strong> MultiChoice revenue fell<\/a> 3% on a like-for-like basis in the nine months to September, dragged down by lower subscription income in South Africa. Reported revenue still rose 0.4% to \u20ac1.81 billion ($2.03 billion), but that increase came largely from favourable currency movements rather than stronger underlying performance.\u00a0<\/p>\n

There was some improvement. The decline slowed to 2% in the third quarter from 3.4% in the first half. CANAL+ cautioned that easier comparisons with last year\u2019s sports calendar also helped, so it is too early to credit the turnaround.<\/p>\n

Explain like I\u2019m new here:<\/strong> CANAL+ completed its takeover of MultiChoice because it wanted scale across Africa, but the two businesses entered the deal from very different positions. CANAL+\u2019s operations outside MultiChoice are still growing strongly in French-speaking Africa. MultiChoice, by contrast, is dealing with falling subscription revenue in its biggest market.\u00a0<\/p>\n

CANAL+ has started responding. In September, DStv launched<\/a> several unbundled packages in South Africa, after shutting down Showmax in April. The group is also spending on sports rights, including UEFA club competitions and the 2027 Africa Cup of Nations.\u00a0<\/p>\n

Between the lines:<\/strong> CANAL+\u2019s strongest African business and its newest acquisition are moving in opposite directions. Revenue from its Africa and Asia operations, excluding MultiChoice, grew 10.2% like-for-like, helped by French-speaking Africa. MultiChoice declined.<\/p>\n

CANAL+ is targeting \u20ac250 million ($281 million) in synergies, but cutting duplicated costs can only do so much. If fewer South Africans pay for DStv, the group eventually has to fix demand, not just expenses.<\/p>\n

What to watch:<\/strong> Subscriber numbers. CANAL+ did not disclose them this quarter. Sports rights, unbundled packages, and more content sound promising, but the proof of a turnaround will be whether DStv can keep more customers and stabilise subscription revenue.<\/p>\n<\/p><\/div>\n<\/div>\n<\/div>\n

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\n Ten years of telling African tech stories.
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Class of 2016, stand up! Meet the storytellers behind a decade of storytelling for African tech. 230+ startups, VCs, and more. From first cheques to unicorns. Have a story to tell? Let\u2019s make it count<\/a>. #TheWimbarts<\/p>\n<\/p><\/div>\n<\/div>\n

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South Africa asks ICASA to rewrite telecom infrastructure sharing rules<\/h3>\n
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Image Source: Tenor<\/figcaption><\/figure>\n

Building a telecom network is expensive, and building one next to an existing network can be redundant. South Africa wants to make it easier for operators to share the on-ground infrastructure.<\/p>\n

What happened?<\/strong> Solly Malatsi, South Africa\u2019s communications minister, has asked<\/a> the Independent Communications Authority of South Africa (ICASA), the country\u2019s communications regulator, to rewrite its rules for how telecom companies share infrastructure.<\/p>\n

Explain like I\u2019m new here:<\/strong> South Africa already has rules for infrastructure sharing, but the framework was introduced in 2010 and has not kept pace with the industry. The government says the framework needs to be updated to reflect how the telecoms market works.\u00a0<\/p>\n

Why it matters:<\/strong> In July, operators told ICASA<\/a> that getting wayleaves (permission to use public land or existing infrastructure for network deployment) can take 6\u201312 months in some municipalities. This can slow fibre expansion, mobile network upgrades, and make network expansion more complicated.<\/p>\n

What\u2019s changing?<\/strong> ICASA is being asked to speed up leasing negotiations and create a clearer process for resolving disputes between operators and other parties, including landowners. It will also be expected to build a central map of the country\u2019s telecoms infrastructure. Operators would provide information on fibre routes, ducts, poles, and base stations, giving the regulator a better picture of what infrastructure already exists and where new networks are being planned.<\/p>\n

What happens next?<\/strong> The regulator has to work through the policy direction and develop the new rules. It is expected to publish final rapid-deployment regulations during the 2026\/2027 financial year. If the new framework works as intended, operators should have a clear route to accessing existing infrastructure and fewer deployment delays.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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\n Don\u2019t miss Moonshot 2026 for anything in the world!
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\n True scale demands moving beyond surface-level integrations to robust execution. We\u2019ve filtered the noise out of Moonshot 2026, optimising the conference strictly for high-calibre connections between startup founders, global financial operators, enterprise leaders and individuals rewiring Africa\u2019s technical frameworks. Join us on October 28 & 29, 2026.
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\n Get your ticket<\/a>.\n <\/p>\n<\/p><\/div>\n<\/div>\n

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funding tracker<\/h3>\n
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Image Source: TechCabal Insights.<\/figcaption><\/figure>\n

Aqar Exit, an Egyptian proptech startup, raised $183,000<\/a> in funding from Ayman Mamdouh Abbas, executive chairman of Intro Holding Group. (Oct 22)<\/p>\n

Here are the other deals for the week:<\/p>\n