Telecom
Mart Networks Rallies Stakeholders to Deepen Commitment in Nigeria’s Tech Ecosystem

Mart Networks Group, a global value-added IT distributor, on Thursday convoked an international stakeholders conference for its partners and Original Equipment Manufacturers (OEMs) geared towards empowering local partners with the necessary skills and support that would ensure the successful implementation of its solutions in the Nigerian market.

L-R: Alex Nderitu, System Engineer, Roijie Networks; Peryan Aydas, Channel Manager, Mitel; Moiz Malooo Managing Director, Mart Networks Group; and Motunrayo Adigun, Sophos Product Manager, Mart Networks at the Stakeholders Conference tagged “Delivering Tomorrow’s Technology, Today” organised by Mart Networks Group in Lagos on Thursday.
Moiz Maloo, Managing Director of Mart Networks, speaking at the conference themed: “Delivering Tomorrow’s Technology, Today” reiterated the company’s focus on local talent development, technology transfer, and empowering Nigerian businesses with a comprehensive range of infrastructure and cybersecurity solutions.
The event held at Radisson Blu Hotel, Lagos highlighted the company’s dedication in knowledge transfer as well as showcasing its comprehensive solutions tailored to the Nigerian market.
Maloo emphasized the global nature of the business, with team members traveling from Europe, Asia, the Middle East, and Africa to engage with local partners and discuss the latest in technology offerings.
Operating in 10 countries, Mart Networks established its Nigerian base in 2013, focusing on the distribution of a wide array of technological infrastructure.
Maloo explained, “We sell various technologies, including data centre infrastructure, networking, cybersecurity, cloud solutions, and cloud solution training,” adding that the company also offers cutting-edge services such as compute, storage, hyper-converged infrastructure, video collaboration, and unified communication.
The event, aimed at strengthening relationships with local partners, saw product managers and technical engineers from across Europe, Asia, the Middle East, and Africa sharing their expertise, with these professionals providing insights into Mart Networks’ diverse product portfolio and its application in the Nigerian market.
“Our goal with this event is to showcase the full range of solutions we provide,” Maloo noted. “By sharing knowledge with local system integrators, we empower them to deliver even greater value to their customers in Nigeria.”
With a strong presence in Nigeria for over a decade, Mart Networks is reinforcing its role as a key enabler of digital transformation, offering essential tools and training to help Nigerian businesses thrive in the technology-driven future.
Maloo who reiterated the company’s commitment to technology transfer and local talent development as it continues to expand in Nigeria, highlighted the company’s investment in knowledge transfer and training, emphasizing the importance of understanding the products they sell and the local markets they operate in.
“We believe strongly in knowledge transfer. If you don’t know what you’re selling or how to use it, it’s very hard to implement, especially on our continent. That’s why we invest heavily in training and building a strong technical team to support our local partners,” Maloo said.
He stated that Mart Networks takes pride in being a Pan-African distributor, unlike many competitors that bring in talent from outside the region.
“We understand the culture and business here. Our entire team in Nigeria is Nigerian, just like in Kenya, Tanzania, and wherever we operate. We focus on nurturing local talent and adding value to the market.”
Despite the volatility of the Nigerian naira, which has been a challenge for many businesses, Mart Networks has adapted through strategic planning and partnerships.
As an importer of technology—mainly hardware not manufactured locally—the company has worked closely with banking partners to hedge against currency fluctuations. “We plan better, speak to our banking partners, and hedge funds to ensure we have access to dollars,” Maloo explained.
Reflecting on Mart Networks’ 11-year presence in Nigeria, Maloo noted the company’s steady growth since its entry into the market in 2013. “We’ve grown year on year, despite challenges, including the pandemic.
“Over the last 18 to 24 months, we have restructured, invested in more resources, and have faith in the Nigerian market,” he said, adding that comparing the first nine months of 2023 with the same period in 2022, the company has already seen growth, and Maloo is optimistic about the future.
“Nigeria is a very promising market with great potential. If the naira stabilizes further, the economy could be even stronger. We’re committed to being a part of that growth and continue investing in the market and its talent,” he said.
With a focus on empowering local partners, Mart Networks is poised for further expansion, helping to shape the future of IT infrastructure in Nigeria and beyond.
Meanwhile, IT Horizons, a leading IT systems integration company, has commended Mart Networks Group for its consistent support and long-standing partnership over the years.
Speaking at Mart Networks’ conference in Lagos, Stephen Asishana, Head of Sales and Business Development at IT Horizons, highlighted the crucial role Mart Networks has played in the company’s success since its inception 12 years ago.
“When we started on this journey, Mart Networks was one of the distributors that supported us, ensuring products were available at the right time, helping us fulfill our customers’ needs quickly,” said Asishana. “Our relationship has grown over the years as Mart Networks has expanded its portfolio, adding more brands, OEMs, and solutions. It’s truly a win-win relationship.”
Asishana who lauded the company’s commitment to engaging with its partners, not just through large-scale events like this, but with continuous interaction throughout the year, described the event as a key feature of Mart Networks’ annual calendar, which brings together local partners to showcase the distributor’s latest offerings.
“Mart Networks does this annually, but the great thing is that it’s not just a one-off. They stay in touch with partners throughout the year, constantly engaging us and providing insights into their products and services,” he added. “This event helps us as partners learn about the solutions they distribute, so we can pass that knowledge on to our customers.”
Asishana emphasized the significance of attending such events, noting that IT Horizons stands to benefit greatly by staying updated on the latest technological innovations. “Technology is always evolving, and events like this keep us informed about the latest trends. For us at IT Horizons, it opens our eyes to new possibilities, helping us identify solutions that can address the challenges faced by our customers.”
As the event progresses, IT Horizons expects to continue gaining valuable insights into cutting-edge technologies that can enhance their service offerings. “We know our customers’ pain points, and this event helps us discover solutions that can effectively address them,” Asishana concluded.
With a solid partnership and continued collaboration, IT Horizons and Mart Networks are poised to drive further innovation and deliver greater value to businesses across Nigeria.
In a related development, Sophos, a global leader in cybersecurity, has commended its long-standing partnership with Mart Networks Group during the distributor’s annual event, “Mart Day,” which brings together key partners, OEMs, and end users from across West Africa.
Sandra Nnadozie, Channel Account Manager for West Africa at Sophos, highlighted the importance of the event as an opportunity to strengthen relationships and showcase cutting-edge cybersecurity solutions.
“Mart Networks is our distributor in West Africa, covering Nigeria, Ghana, and other regions,” Nnadozie said. “Today’s event is a chance for us to meet with our partners and end customers, celebrate with Mart Networks, and continue building on the solid foundation we’ve developed over many years.”
Sophos’ relationship with Mart Networks spans well over a decade, not just in West Africa, but also in regions like East Africa and the UK. “We’ve had a very cordial relationship, working together for more than 15 to 20 years. It’s like family. The partnership continues to grow stronger year after year,” she added.
Nnadozie emphasized that the primary goal for Sophos at the event was to further solidify its relationship with Mart Networks while also promoting the importance of cybersecurity. “We’re here to spread the ‘gospel of cybersecurity.’ The future of cybersecurity lies in Managed Detection and Response (MDR), which helps organizations manage their cybersecurity infrastructure, especially in the absence of a dedicated security team,” she explained.
As organizations face increasing cyber threats, Sophos is focused on educating businesses about advanced cybersecurity solutions like MDR to prevent data breaches and security lapses.
Sophos’ presence at the event underscores its commitment to helping businesses in West Africa safeguard their operations against evolving cyber threats while reinforcing its partnership with Mart Networks. “We are here to show that we stand strongly beside them,” Nnadozie concluded.
With cybersecurity becoming an increasingly critical concern across industries, Sophos and Mart Networks continue to work together to provide comprehensive solutions, ensuring that businesses in West Africa are better equipped to defend against the threats of tomorrow.
Telecom
Amazon Axes 16,000 Jobs Worldwide in Major Restructuring Push

Amazon, the world’s largest e-commerce and cloud computing powerhouse, announced plans Wednesday to eliminate 16,000 jobs globally, escalating a restructuring drive first flagged in October with 14,000 earlier cuts.

Amazon
The layoffs, hitting corporate ranks across multiple divisions, aim to slash management layers, boost accountability, and dismantle bureaucracy, Senior Vice President Beth Galetti stated in an internal memo. Despite booming holiday sales and $21 billion quarterly profits on $180 billion revenue, Amazon seeks to redirect resources toward massive artificial intelligence investments amid slower post-pandemic growth and rising costs.
Galetti explained that while some teams finalised October adjustments, others required extended reviews, pushing total reductions toward 30,000—the firm’s largest ever. CEO Andy Jassy, pursuing leaner operations since 2021, has long signalled AI’s role in shrinking white-collar headcount, with corporate staff—about 350,000 of 1.5 million total—bearing the brunt, sparing warehouses.
The move mirrors Big Tech’s broader belt-tightening as firms recalibrate pandemic-era hiring binges against economic headwinds, AI disruption, and policy uncertainties under President Donald Trump. Amazon’s October cuts struck 2,000 in Washington state—including engineers, recruiters, analysts—and 1,500 in California, with fresh impacts undisclosed by location.
Jassy emphasised culture over pure finances in prior notes, blaming rapid expansion for excess layers after workforce doubling during COVID lockdowns fueled online shopping surges. Recent U.S. hiring slowdowns—to 50,000 jobs in December—underscore corporate caution amid AI’s job-shifting potential and tariff worries.
Analysts note the cuts free capital for AI dominance, pitting Amazon against rivals in generative tools despite no immediate financial distress. Ex-workers have decried impersonal processes, often learning via media leaks, highlighting tensions in Earth’s “best employer” shedding talent en masse.
As tech pivots to AI frontiers, Amazon’s aggressive pruning signals a new era: fewer bodies, sharper focus, betting machine smarts eclipse human scale in the post-boom landscape.
Telecom
Police Bust ₦7.7bn Telecom Hack Gang, Seize 400 Laptops in Massive Fraud Swoop

Operatives of the Nigeria Police Force smashed a sophisticated cybercrime ring Wednesday, arresting six suspects accused of hacking a major telecommunications company and looting airtime and mobile data worth a staggering N7.7 billion.

The Force Public Relations Officer, CSP Benjamin Hundeyin, disclosed in a statement that the suspects breached the telecom giant’s core billing and payment systems by compromising internal staff login credentials, enabling them to siphon off vast quantities of airtime and data for illicit resale.
Named in the arrests are Ahmad Bala, Karibu Mohammed Shehu, Umar Habib, Obinna Ananaba, Ibrahim Shehu, and Masa’ud Sa’ad – a mix of northern and southern names hinting at a cross-regional fraud network that preyed on Nigeria’s digital backbone.
Police swooped on the gang’s hideouts in coordinated raids across Kano and Katsina states in October 2025, with a final takedown in the Federal Capital Territory, recovering two mini-plazas masquerading as legitimate retail outlets stocked with over 400 laptops, about 1,000 mobile phones, and a Toyota vehicle.
Investigators also froze substantial sums in the suspects’ bank accounts, tracing the dirty money trail back to the diverted resources that left the unnamed telecom firm reeling from unauthorised activities reported in a desperate petition.
The breach, described by police as a “calculated assault on critical infrastructure,” allowed the hackers to manipulate the company’s systems undetected for months, offloading billions in airtime and data bundles through underground channels and raking in illicit profits.
Hundeyin vowed that the net was widening, with forensic experts combing through digital footprints and financial ledgers to expose any remaining accomplices or beneficiaries in what he called “one of the largest telecom heists in recent Nigerian history.”
Inspector-General of Police, IGP Kayode Adeolu Egbetokun, praised the crack team from the National Cybercrime Centre for their “relentless professionalism,” urging telecom firms to bolster cybersecurity amid a surge in digital predation.
As the suspects cool their heels awaiting arraignment under the Cybercrimes (Prohibition, Prevention) Act, the case underscores Nigeria’s growing battle against tech-savvy fraudsters targeting the N1.7 trillion telecom sector that powers millions of daily transactions.
Industry watchers warn that such breaches erode investor confidence and hike operational costs, ultimately passed onto consumers already grappling with soaring data tariffs in Africa’s most populous nation
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.
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