TGIF! 
The news of Showmaxâs shutdown sent me spiralling, and it is not because I care deeply about the streaming platformâfrankly, my opinion is a speck in the cogâbut because it resurfaced the existential questions I have always had about content streaming in Africa and what can actually work.
I found it interesting that the same group that tried to buy out Comcastâs 30% stake in Showmax only months ago, shortly after its MultiChoice takeover, has now come back to shut it all down after taking full control.
A few conversations I had helped me understand that Showmax struggled to build longâterm, sticky users, at least in this part of the world. People paid for Showmax when there was a trending reality show airing or when Shaka Ilembe was in peak season. Do not get me started on EPL matches; perhaps almost nobody paid for Showmax just to watch football when there are game houses and pirate apps.
Could Showmaxâs new bet on African titles have won over new, stickier users? They did not wait long enough to see that play out. My theory is that streaming tethered to an existing culture base can create repeatable wins, and I am hoping to see operators lean into that. Yet, with piracy ever present, streaming remains a hard business.
(Takes hat off) Rest easy, Showmax.
âEmmanuel
with Udeme Jalekun
with Udeme Jalekun
Image: Udeme Jalekun, Senior QA Engineer
Udeme Jalekun is a Senior Quality Assurance (QA) Engineer and educator who transitioned from customer support into quality engineering after identifying that most recurring production issues were preventable through stronger use-case testing. Her work spans functional and non-functional testing, including integration, system, performance, and automation testing, with a focus on building resilient, scalable systems that protect revenue and improve user experience.
Letâs assume the 5-year-old loves to watch the âPaw Patrol,â I would explain software testing using that animation series. Each pup is awesome in their own way because of the unique tools in their pup packs, which they use for each of their missions. A software tester is the guy who checks that each tool does what itâs expected to do, how it is expected to and at the right time.
The biggest misconception many startups and founders have about QA is treating it as optional, something you add later when youâre bigger, not something you build with from day one. They assume developers can simply test their own work and that this will be âgood enough,â especially when the pressure is to ship fast.
Product understanding and sector-based knowledge. With the advent of AI, many people feel that human thinking will be contracted to AI agents. But in principle, AI is trained by data, data obtained from humansâ responses to unprecedented challenges. The exceptional QA has interacted long and deeply enough with their sector/product/service and can predict edge cases and scenarios based on actual interactions with the systems under test and with people who have used the system under test.
Fincra is expanding across Africa, building the financial infrastructure that powers Africaâs cross-border payments. Build with us. Explore open roles.
Image Source: Tenor
In February 2026, when French media giant Canal+ said the current structure of Showmax, the streaming platform run by its newly acquired subsidiary MultiChoice Group, was unsustainable and that the group was rethinking its streaming ambitions, it sounded like the prelude to a restructuring.
A strategic pivot or maybe a redesign of how the platform worked. After all, streaming was supposed to be part of the future. But fresh in subscribersâ inboxes now is a different message: Showmax is being shut down.
Wasnât streaming supposed to be the future? Thatâs the irony. Streaming was supposed to be the next chapter of television in Africa. In Nigeria, the over-the-top (OTT) video market (streaming platforms) is expected to have 14.8 million users by 2030. But that wasnât enough.
So this is how the story ends: Launched in 2015, Showmax was MultiChoiceâs answer to global streaming platforms such as Netflix and Amazon Prime Video. A major relaunch in 2024 came with new technology and bigger content pipelines. Yet, the numbers told a different story. Showmax accumulated losses of about âŹ370 million ($428.9 million) in the three years leading up to the Canal+ takeover. Many African markets remain highly price-sensitive, and internet access still shapes how much streaming people can realistically consume.
What happens next? For now, subscribers can keep using the platform. The company says a migration plan for content and customers is being prepared. A migration plan is reportedly in the works, which means viewers may eventually be redirected to another service or bundled offering within the Canal+ ecosystem.
At PalmPay, we donât just talk about financial inclusion, we drive it by upskilling and empowering women for real careers in tech. Apply for Purple Woman 2026 and become one of 150 women equipped with the skills, experience, and opportunity to thrive. Learn more.
Image Source: Image Source: Zikoko Memes
In September 2025, South Africa introduced a new e-hailing operator licence under amendments to the National Land Transport Act. The goal was to bring ride-hailing into the same legal framework as other public transport services.
The amendment came with requirements, such as the visible vehicle branding, e-hailing operating permits tied to fixed routes, and panic buttons, but platforms must first register as official e-hailing operators before their drivers can apply for permits.
Two platforms are already through the door: Bolt and WANATU have secured their e-hailing operator licences from the National Public Transport Regulator (NPTR), the countryâs transport regulator, ahead of the March 11 deadline. That means theyâre now officially recognised under the new framework and can legally run ride-hailing services in the country. Uber has also applied and is awaiting approval.
Why ride-hailing drivers are shaking in their boots: The criteria that platforms must be licenced before their drivers get a permit makes them nervous. Without the proper permits, drivers risk paying up to R100,000 ($5,700) in fines and potentially renewed tension with the taxi industry, as taxi operators often view e-hailing as illegal, leading to intimidation and driver harm.
Thatâs why many drivers are watching the rollout anxiously. âWhat happens after March 11?â Thatâs the big unknown hanging over the industry.
At Wakanow Affiliate Forum, youâll learn how to transform everyday travel conversations into a consistent revenue stream. If you want a practical side hustle with structure and support Join us March 13, 12PM, Balmoral Event Center. Register here.
Image Source: Success Sotonwa, TechCabal Insights
Fido Ghana, a Ghanaian fintech startup, secured $5.5 million in debt funding from the Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA), managed by Swiss-based impact investment manager Symbiotics. (Mar 3)
Here are the other deals for the week:
Follow us on Twitter, Instagram, and LinkedIn for more funding announcements. Before you go, CBN has a plan to make regulation work for fintechs. Find out what it looks like here.
Source:
|
Coin Name |
Current Value |
Day |
Month |
|---|---|---|---|
| Bitcoin | $70,381 |
â 2.93% |
â 7.85% |
| Ether | $2,065 |
â 2.55% |
â 9.06% |
| BNB | $644 |
â 1.52% |
â 14.85% |
| Solana | $87.93 |
â 2.59% |
â 10.32% |
* Data as of 06.26 AM WAT, March 6, 2026.
There are more jobs on TechCabalâs job board. If you have job opportunities to share, please submit them at bit.ly/tcxjobs.
Written by: Success Sotonwa, Opeyemi Kareem, and Emmanuel Nwosu
Edited by: Emmanuel Nwosu & Ganiu Oloruntade
Sign up for our insightful newsletters on the business and economy of tech in Africa.
P:S If youâre often missing TC Daily in your inbox, check your Promotions folder and move any edition of TC Daily from âPromotionsâ to your âMainâ or âPrimaryâ folder and TC Daily will always come to you.


