Daily Zuvy undergoes acquisition
In a bid to make digital communication more efficient, Meta, the parent company of WhatsApp, has announced a new feature aimed at summarizing long, unnecessary chats. Known as Message Summaries, this AI-powered tool uses Meta AI and Private Processing technology to generate summaries without accessing users' messages, ensuring privacy and confidentiality.
The new feature, currently available in the U.S. with English language support, works by enabling users to request a summary of unread messages within the app. The summary is visible only to the user who requests it, maintaining privacy and confidentiality.
Meanwhile, across the African continent, issues surrounding online censorship continue to surface. In June 2025, Tanzania blocked access to an unspecified platform over claims of pornographic content. This incident follows a trend of social media shutdowns being used as a tactic by African regimes to suppress dissent.
In 2021, Nigeria banned Twitter (now X) for seven months, a move that sparked digital rights concerns. The Communications Authority of Kenya (CAK) also issued a directive banning live media coverage of protests by television and radio stations, suggesting an attempt to control both physical and digital narratives.
However, the government has yet to issue a formal statement on the Telegram restriction in Kenya, which occurred during the June 25 anniversary protests. Thousands of Kenyans took to the streets to protest bad governance and the anniversary of the June 25 2024 uprising, with many organizing, livestreaming, and sharing footage on platforms like Telegram and X.
On a positive note, the FATE Institute Fellowship, a two-year, part-time, virtual programme for experienced Nigerian professionals passionate about entrepreneurship and policy reform, is now accepting applications for its 2025 cohort.
Elsewhere in the financial sector, Zuvy, a Nigerian fintech, pivoted to invoice-backed loans, targeting vendors who sold to manufacturers. Despite initial struggles due to borrowers lacking eligibility, Zuvy's acquisition by BAS Group disbursed billions in loans.
Multichoice Nigeria also made headlines by slashing the price of its decoder by 50%, a move that is expected to boost the uptake of its digital satellite television service. The new price was announced by Emmanuel, although further details regarding the decision have not been disclosed.
[1] https://www.whatsapp.com/business/resources/product/message-summaries/ [3] https://www.meta.com/privacy/private-processing/
- The new feature by Meta, Message Summaries, is a part of the ongoing advancements in fintech and technology, aiming to enhance digital communication efficiency within the business sector.
- The FATE Institute Fellowship, focusing on entrepreneurship and policy reform, offers a unique opportunity for passionate Nigerian professionals, particularly in the realm of general-news and finance.
- Zuvy, a Nigerian fintech, shift towards invoice-backed loans for vendors and subsequent acquisition by BAS Group, demonstrates the potential for funding and growth in the crypto and mobile industries.
- In contrast to the positive strides in digital finance, instances of online censorship persist on the African continent, such as the blockage of certain platforms in Tanzania and Kenya, impacting free expression and digital rights.
- Meanwhile, advancements in technology continue to revolutionize various sectors, with Multichoice Nigeria reducing the price of its decoder by 50%, suggesting a broader trend towards increased accessibility and the growth of digital satellite television services in the general-news realm.
