E-Business
iConcepts @ 10th Anniversary, Launches New Corporate Website
iConcepts Limited, the leading VAS and mobile marketing company in Nigeria, on Monday announced the tenth anniversary of its formation, and the launch of a new website in support of its growing worldwide presence.
iConcepts was founded in January 2004 by Ugo Okoye, the chief executive officer.
Okoye had advanced recognition that the licenses issued to GSM operators in 2001 would provide huge opportunities in the telecoms industry and would profoundly impact the marketing of brands.
He capitalized on this foresight by establishing iConcepts Limited in 2004 and began talking tobrands about using mobile to communicate with their customers.
“iConcepts is proud of its ten-year track record of technology growth and sustained profitability while delivering global mobile marketing solutions,” said Okoye. “At the same time, we are forward-focused on this next decade and have significant plans to deliver substantial additional value to our clients and innovation to the industry.”
iConcepts initially operated purely as a mobile messaging company providing a lot of bulk SMS services but has since expanded its offerings to include powerful mobile marketing services that help brands connect with their customers through mobile phone technologies such as mCode, mCare, SMS, MMS, Mobisite, Voice and WAP.
In celebration of embarking on its second decade of business, iConcepts has unveiled a new and updated company website (www.iconcepts.com.ng).
iConcepts will also be executing several corporate social responsibility projects and informational initiatives throughout this month in support of the tenth anniversary.
“iConcepts has undergone a tremendous transformation since we launched the industry’s first mobile consumer promotional campaign for Cocacola refresh & recharge promo in 2008,” said Okoye. “Today iConcepts’ mobile platforms are used for unique and diverse on-pack consumer promos in Nigeria, and as such we have updated the brand identity to reflect our mobile offerings and the next era of success for our company.”
iConcepts’ strength in mobile marketing and content provision has been recognized in numerous other awards this year, including being named Best Mobile Marketing Company in this year’s Nigerian Telecom Awards and the Marketing World Awards.
It was also recently nominated for SME Company of the year at the African SME champions’ award in Dakar, Senegal.
iConcepts is Nigeria’s leading multi-channel solutions provider of interactive communication services.
The Company applies its expertise in mobile marketing technologies and its network of relationships with the Nigerian GSM operators, advertising and marketing agencies, media organizations and corporations in different industries to develop innovative marketing, entertainment, business and communication solutions; specializing in promotional marketing services (competition and promotions), information services, unique communication solutions and content aggregation, origination and publishing.
iConcepts distinguishes itself from competitors by being the only company capable of delivering a one-stop full service model across all channels of communication – towards a client’s customer base.
With a strong focus on media and consumer promotions, iConcepts manages the telephone, Internet, E-mail, & SMS for leading marketers and media outlets hence delivering a simple turn-key solution for our client’s specific needs.
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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