E-Business
Asseco Group Enters Nigeria, Targets Power Sector Automation

The Nigerian technology space added a new global organization into its realms with the launch of Asseco Nigeria, a subsidiary of the Asseco Group, the number one software company in Central and Eastern Europe and the 6th largest technology company in Europe.
Interestingly, the Software giant identified critical sub-sectors of the Nigerian power sector that for swift automation and digitalization.
Simon Melchior, chief executive officer, Asseco Nigeria and the West African Representative, informed members of the press that the Asseco Group has grown rapidly through the past decade and is now in over 40 countries with 17,000 employees worldwide.
He added that Asseco first ventured into Nigeria approximately 18 months ago, following the visit to Nigeria of the Prime Minister of Poland in April 2013.
“Our Prime Minister’s visit to Nigeria was his first visit to Africa and similarly to him, we couldn’t envision having a presence in Africa without being established here in Nigeria. Following several subsequent visits and meetings with public and private sector officials, we decided to invest in setting up a subsidiary in Nigeria.”
It was highlighted during the launch that the Asseco Group is a federation of independent successful IT companies.
The group, which is quoted on the Warsaw, Tel Aviv and New York Stock Exchanges, focuses primarily on software development of vertical core solutions for a number of industries.
Adefolu Majekodunmi, managing director of Asseco Nigeria emphasized that the focus of the Nigerian entity was to build a strong local expertise in four primary sectors – financial services (banking, insurance, capital markets), FMCG, utilities (power, water, gas) and public sector (health, defense, and social services).
He added, “The Asseco Group has significant experience developing solutions in the sectors we focus on. It has developed complex software solutions for major public and private sector institutions throughout Europe and the Middle East.
“Our unique strategy for Nigeria is to combine local software development in addition to providing our established knowhow. We are here for the long term and plan to be at the forefront of technology automation in the public sector and emerging private sector. We will build our growth on local added value in the form of local software development.”
Also at the launch was Mrs. Emilomo Ogunboye, special assistant to Director, ISD, Federal Ministry of Power, discussed about a series of technology workshops undertaken by the Ministry and Asseco this year aimed at addressing automation and other digitization processes that will plug revenue leakages, power theft, outages among others.
“At the request of the Honorable Minister of Power, the first workshop on software technology for the power distribution sector was held in Abuja in May 2014. A subsequent and more detailed workshop occurred last week in Poland.
This was extremely successful and included a very insightful visit to Tauron, the largest power distribution company in Poland using Asseco software to manage the billing and revenue collection of over 5.3 million customers”.
It was said that the participating Nigerian power distribution companies were extremely impressed with the passion shown by the project management team of Tauron on the success of the Asseco solution.
She ended by saying, “Asseco has proved to be a global heavyweight in power sector software.”
Also, Melchior said that the Asseco Group was focused on growing Asseco Nigeria to become the number one technology company in Nigeria and the hub for the group’s expansion in West Africa.
E-Business
Report Shows Start-ups Fuel Innovations in Africa

Bloomberg has released its second annual “25 African Startups to Watch” list, underscoring the growing influence of venture-backed innovation across the continent.

Published thursday, the list highlights companies building solutions in “environments where infrastructure or systems have failed to deliver.”
The featured start-ups build solutions to challenges such as accessing healthcare in Chad, moving goods in Kenya, securing loans in South Africa, and safeguarding borders in Nigeria.
Nigeria, South Africa and Kenya jointly lead with four companies each, reflecting the ongoing strength of Africa’s three most visible start-up ecosystems.
The 25 companies span 13 countries and sectors including healthcare, fintech, security, climate resilience, waste management, and transport.
Nigeria’s four startups are 10mg Health, Remedial Health, Sycamore and Terra Industries, covering areas from healthcare financing and pharmaceutical supply chain integrity to digital lending and defence technology.
South Africa’s contingent includes Omnisient, Amesect, AURA and Jem. Omnisient uses grocery purchase data and AI to extend credit to those outside traditional financial systems.
Kenya’s notable four include Zeraki, a school-data analytics platform partnering with Safaricom to reach secondary students across the country.
According to Bloomberg, a defining theme this year is the source of funding.
Nearly half of the total capital raised by these start-ups came from African investors, marking a shift from previous years when international capital predominantly drove early growth.
International backers such as 8VC, controlled by Palantir Technologies co-founder Joe Lonsdale, and Google continue to see value in investing in African companies, Bloomberg noted.
The report also highlights that start-ups across the continent almost doubled their debt fundraising in 2025, even as equity financing from venture capital firms declined.
Separately, the Start-up Ecosystem Report 2026 states that Kenya has overtaken Nigeria as Africa’s top startup investment destination, attracting $984 million in 2025.
Jennifer Zabasajja, Bloomberg Television’s chief Africa correspondent and anchor, highlighted the dual significance of the list, the variety of solutions being built and the growing role of African-sourced capital in backing them.
She noted that the list comes at a consequential moment, one shaped by global disruptions, from the conflict in Iran to sweeping cuts in US foreign healthcare assistance, that have made the case for African-owned capital more urgent than ever before.
E-Business
NDPC Raises Alarm: Fake News, Data Abuse Could Destroy Nigeria’s 2027 Elections

Nigeria Data Protection Commission has warned that the growing misuse of personal data and digital platforms could undermine Nigeria’s democratic process ahead of the 2027 general elections.

NDPC
The warning was delivered during the 2026 Press Week organised by the FCT Council of the Nigeria Union of Journalists in Abuja.
Speaking at the event, Vincent Olatunji, national commissioner and chief executive officer, NDPC, who was represented by Itunu Dosekun, head of Media Unit at the commission, said disinformation and unlawful exploitation of personal data posed serious threats to credible elections.
The event had the theme: “2027 Election: Defending Democracy in the Era of Disinformation.”
Dosekun said the struggle for credible elections was no longer confined to polling units, noting that digital platforms had become major channels for manipulated narratives, fake news, propaganda and AI-generated misinformation.
According to him, the rapid growth of social media platforms, messaging applications and data-driven political campaigns has created vulnerabilities capable of influencing voter perception and weakening public trust in democratic institutions.
He warned that the abuse of personal data for political profiling and psychological targeting had become one of the most dangerous threats facing democracies worldwide.
“The misuse of citizens’ personal information carries serious social implications, especially for vulnerable groups who may not fully understand how their data is harvested, processed and weaponised online,” he said.
Dosekun noted that coordinated disinformation campaigns could inflame ethnic tensions, spread fear and discourage civic participation, particularly among young Nigerians.
He described the Nigeria Data Protection Act, 2023, as a critical legal framework aimed at protecting citizens against unlawful data processing and digital exploitation.
According to him, the law gives Nigerians greater control over their personal information while placing obligations on organisations, institutions and political actors to handle data responsibly.
Dosekun also called for stronger collaboration among political parties, media organisations, technology firms, civil society groups and citizens to promote responsible digital behaviour ahead of the elections.
He stressed the role of journalists and media professionals in combating fake news, fact-checking information and safeguarding public discourse.
According to him, protecting personal data should not only be seen as a privacy issue but also as a democratic responsibility necessary for maintaining public confidence, national stability and electoral credibility.
Stakeholders at the event emphasised the need for improved digital literacy, stronger regulation and increased public awareness to prevent the abuse of digital platforms during future elections.
E-Business
Anthropic Raises $65 Bn to Expand AI Research, Innovation

Anthropic, artificial Intelligence company, has said that it has secured sixty-five billion dollars in a new funding round, raising the company’s valuation to about nine hundred and sixty-five billion dollars.

The development places the company ahead of its rival, OpenAI, maker of ChatGPT, which was valued at about eight hundred and fifty-two billion dollars earlier this year.
Anthropic, founded by former OpenAI employees and led by Dario Amodei, chief executive officer, has emerged as one of the leading firms in the global Artificial Intelligence industry.
The company is widely recognised for its advanced coding capabilities and generative AI models, particularly its AI assistant known as Claude.
Unlike some competitors focusing mainly on general consumers, Anthropic has concentrated on delivering AI solutions to enterprise and business clients.
The company also says it places strong emphasis on AI safety while expanding its products and services amid growing competition in the sector.
Krishna Rao, chief financial officer of Anthropic, said the new funding would support the company’s research efforts and help meet rising global demand for its AI technologies.
Reports indicate that the investment round attracted major Silicon Valley venture capital firms, including Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital.
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