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CBO Capital Supports ONC/NITDA Local Content Drives

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(L-r): Bex Nwawudu, director, CBO Capital, Joanne Yoo, chief operating officer, CBOIM, Olayinka Oni, chief technology officer, Microsoft Nigeria and Dr. (Mrs) Omobola Johnson, minister of Information Technology and Communications, at the inauguration of the ONC Advisory Board in Lagos…on Monday
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The management of CBO capital, a leading Private Equity and Financial Advisory firm, on Monday, supported the official inauguration of the Office for Nigerian Content Development, in a bid to encourage the growth of Nigerian content in the information technology and communications space.

The ONC is a development focused, Special Purpose Vehicle (SPV) of the National Information Technology Development Agency (NITDA) under the auspices of the Federal Ministry of Communications Technology.

The event, which also served as the official inauguration of the ONC Advisory Board, was formally declared open by Dr (Mrs) Omobola Johnson, minister for Communication Technology.

According to her, “The ICT sector is the fastest growing sector in the Nigerian economy, contributing about 8% to the country’s GDP. We are committed to making Nigeria the ICT hub for Africa by encouraging the growth and development of indigenous I.T companies.”

Speaking further, she said: “Nigerian content is not just about setting up indigenous companies; it is ensuring that these companies add value and help develop the necessary skills that would place the country on the world map.”

In his special Keynote presentation, Ernest Nwapa, executive secretary, Nigerian Content Development and Monitoring Board (NCDMB), said: “We have set the ball rolling for local content in the oil and gas sector; and we are confident that other sectors, particularly, the ICT sector will follow. We must continue to create opportunities for young, indigenous minds to participate in the industry, because promoting local content encourages indigenous participation and development.”

Commenting on why CBO’s decision to support the inauguration, Bex Nwawudu, director CBO Capital partners said: “We are actively committed to supporting local content in the IT and technology space. We believe that the ONC programme will be implemented rigorously and in turn, be catalytic to the growth of technology in Nigeria. Through this, indigenous and sustainable solutions will be provided through technology for health, commerce and social enterprise.

“One of our core goals is to raise a new generation of IT entrepreneurs and solution providers, who can actively compete with the Macrk Zuckerbergs and Bill Gates of this world. Our objective is to put Nigerian requirements and Nigerian content at the forefront of the technology agenda, and to ensure that we develop such capabilities across board”.

Meanwhile, the ComTech Minister listed part of ONC’s responsibilities to include the developing an indigenous ICT industry which would make a double-digit contribution to Nigeria’s GDP.

Part of the strategy is to ensure that Nigerian ICT companies participate significantly in all segments of the ICT value chain.

The program aims to boost growth in key ICT economic clusters through the injection of intellectual and industrial capital into ICT industry.

CBO Capital is a leading Investment and Project development firm based in Lagos, Nigeria.

It was established with the aim of servicing and supporting business growth in Africa.

Its Asset Management subsidiary, CBO Investment Management (CBO IM) is currently raising a $200m Private Equity Fund, for investment across the West African region.

 

 


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Google Rolls Out Search Live AI to 200+ Countries, Including Nigeria

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Google has launched its Search Live feature globally to over 200 countries, including Nigeria, where AI Mode is available, enabling voice-and-camera conversations in users’ preferred languages.

Google Rolls Out Search Live AI to 200+ Countries, Including Nigeria

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Powered by the new multilingual Gemini 3.1 Flash Live model, it delivers natural, real-time interactions via the Google app on Android or iOS—tap the Live icon under the Search bar.

Ideal for hands-free help, users can speak queries for audio replies, follow-ups, or web links. Camera integration adds visual context, like troubleshooting a shelving unit, or pairs with Google Lens for real-world chats.

From the app or Lens, Nigerians can now explore, learn, or solve tasks instantly, boosting everyday productivity worldwide.


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IFC Invests $45m to Green African Telecom Sites

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Clean and reliable power for telecom networks in Ethiopia, Liberia, and Sierra Leone will be expanded following a $45 million investment by the International Finance Corporation (IFC) in IPT PowerTech.

The investment targets countries where limited power supply continues to slow digital connectivity and broader economic participation, the institution stated earlier this week.

To enable this expansion, the IFC is providing a $45 million corporate financing package consisting of an A-loan of $27 million and $18 million in blended finance.

The blended portion is sourced from the Canada-IFC Blended Climate Finance Programme and the IDA20 Private Sector Window Blended Finance Facility.

The initiative marks the IFC’s first direct infrastructure engagement in Liberia in a decade and in Sierra Leone in six years.

It will help scale solar- and battery-based power systems that reduce reliance on diesel and support greener, more resilient telecom networks.

By improving the quality and stability of power to telecom towers, the initiative will strengthen mobile coverage and ensure that households, schools, health centres, and small businesses can depend on consistent digital services, said the IFC.

The funding supports the modernisation, operation, and maintenance of 2 235 telecom sites across the three nations. More than 90% of these are located in off-grid or weak-grid locations.

With new solar and battery systems powering these sites, mobile networks will experience fewer outages and improved service quality.

Optimising the energy mix is estimated to reduce power costs for operators by up to 30% in Liberia, 26% in Sierra Leone, and 52% in Ethiopia.

This transition is also expected to cut emissions by more than 10 624 tonnes of carbon dioxide annually. Furthermore, the partnership will promote gender inclusion by expanding opportunities for women in technical, operational, and leadership roles within the sector, says the IFC.

This agreement reflects a shared vision for a greener telecom industry and empowers the company to scale its innovative energy platforms, according to Nabil Haddad, CEO of IPT PowerTech Group.

Reliable and affordable power for telecom networks is a cornerstone of Africa’s digital transformation, said Nathalie Kouassi-Akon, IFC regional director for West Africa and the Gulf of Guinea.

Through this partnership, the institution is supporting a scalable, private sector-led solution that enables mobile operators to reach underserved and fragile communities more sustainably, added Kouassi-Akon.

The project advances the World Bank Group and African Development Bank’s Mission 300 initiative, which aims to provide electricity to 300 million Africans by 2030.


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Expedier Launches Platform to Ease Cross-Border Payments for African Firms

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Expedier has unveiled “Expedier for Business,” an online pro-banking platform to simplify global payments, multi-currency transactions, and financial operations for expanding companies.

Expedier Launches Platform to Ease Cross-Border Payments for African Firms

Kingsley Madu

The tool centralizes payments, invoicing, payroll, and treasury into one secure dashboard, tackling challenges like fragmented systems and poor visibility that hinder international scaling.

Kingsley Madu, Co-Founder and CEO of Expedier, said: “African businesses are increasingly global… Expedier for Business was built to simplify how companies manage money across borders while maintaining visibility, control, and compliance.”

Key features include customizable dashboards for payments, invoices, and workflows; support for USD, CAD, GBP, EUR, and more; virtual cards; automated payroll/invoicing; currency swaps; and real-time tracking.

Security measures cover two-factor authentication, KYC/KYB verification, and team access controls.

As cross-border trade and remote work boom in Africa, the platform aids firms dealing with international suppliers, teams, and customers. It is now available for organizations scaling globally.


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