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IEEE Appoints Uwaje Africa Chair for World Forum on IOTs 2016

Pursuant to the deliberation and resolutions at the last meeting of the IEEE-WFIoT 2016 Organising Committee held March 9, Chris Uwaje (Nigeria) was appointed the co-chair for Publicity & Communications for Africa.
His mandate includes but not limited to promoting, propagating and advancing the aims and objective of the IEEE-World Forum on Internet of Things, but above all, to establish innovative programs of ensuring the participation and contribution of the ICT Industry leadership, government policy makers, IT Professionals and stakeholders in Africa, to accelerate the diffusion, application and domestication of the promise and opportunities of IoTs.
In order to achieve the quantum benefits from the emerging digital opportunity, Uwaje’s vision is to take charge of promoting and establishing the “Africa IoTs Pavilion” as strategic imperative for success at the WF-IoTs 2016 in the USA.
The 2016 IEEE 3rd World Forum on Internet of Things (WF-IoT) – IoT: Smart Innovation for Vibrant Ecosystems is a unique event for industry leaders, academics and decision making government officials.
IEEE WF-IOT 2016 will be held at the Hyatt Regency in Reston, Virginia USA between December 12-14 .
This event is designed to examine key critical innovations across technologies which will alter the research and application space of the future.
“The Internet of Things and Everything (IoTs/IoE) represents perhaps the last hope for Africa’s 21st Century knowledge, creativity and innovation renaissance,” Uwaje said.
IEEE-IoTs World Forum 2016 promises the assemblage of best brains and leaders in academia, innovation, corporate industry, technology business and government policy makers to discuss and map the way forward and codify future opportunities and benefits of Internet of Things and Everything (IoTs/IoE). It is therefore imperative and strategic that Africa is represented and actively contributes to the outcome of proceedings – as she stands to benefit immensely from the conference.
The Internet of Things envisions a highly networked future, where every object is integrated to interact with each other, allowing for communications between objects, as well as between humans and objects, which enables the control of intelligent systems in our daily lives.
“My appointment as Africa Chair – Publicity and Communications for the 3rd World Forum on IoTs 2016 is a great challenge. I therefore solicit your dynamic support to deliver my mandate of reaching out to 500 Africa Universities and 1000 IT Industry leaders/Players for submission of 2000 Papers for consideration. I am sure that a well researched Paper from African Knowledge Network has the pedigree for final selection. This will put Nigeria and Africa in the IP forefront of IoTs the digital World,” he said.
Uwaje is the immediate Past-President of the Institute of Software Practitioners of Nigeria (ISPON) and Chairman of Mobile Software Solutions.
As chair – Publicity and Communications for Africa, I will rely on your Professional expertise, position, capability and close relationship with the ICT Industry, our Universities in Nigeria and Africa to champion this challenge – with particular reference to Africa’s needs and expectations.
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EFCC Arraigns Two FSDH Bank Officials Over $307k, €50k Fraud


EFCC
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AfDB Supports Francophone Africa Start-ups with €6.5M

The African Development Bank Group last week approved an investment of €6.5 million in the Saviu II fund in order to support technology start-ups through their seed phase and first institutional fundraising, mainly in French-speaking Central and West Africa.

The Bank will invest €4.5 million as equity and €2 million as a first-loss hedging tranche on behalf of the European Commission, under the Boost Africa Programme.
This participation of the Bank Group will enable the Saviu II fund to give priority to companies with a strong technological or digital component.
Saviu II, the second investment vehicle of Saviu Partners, plans to invest between €500,000 and €3 million in about 20 technology or technology-oriented business-to-business start-ups in the seed phase or carrying out first institutional fundraising.
The Saviu II venture capital fund aims to make at least 60% of its commitments in the French-speaking countries of West and Central Africa: Côte d ‘Ivoire, Cameroon, Benin, Senegal, Togo, Burkina Faso and Mali.
The fund can also co-invest in promising technology companies in East Africa that have a strong team and business model, and whose strategy includes entering the market in French-speaking West African countries and establishing a strong presence there.
In addition, the fund will devote a dedicated envelope to pre-seed investments, focusing on minority equity investments, usually in co-investment with studios, incubators or other ecosystem partners.
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Nigeria Inks $1.3bn MoU with AFC for Alumina Refinery, Mining Push

Nigerian Government has signed a $1.3 billion Memorandum of Understanding (MoU) with Africa Finance Corporation (AFC) via the Solid Minerals Development Fund (SMDF) to fund an alumina refinery, national geoscience mapping, and a strategic investment vehicle for mining growth.

Special Assistant to the Minister of Solid Minerals Development, Segun Tomori, said the refinery will process one million tonnes of bauxite yearly using a modern Bayer process, powered by an on-site gas-fired cogeneration plant.
Minister Dele Alake called it a transformative milestone boosting GDP, aligning with reforms that improve investment climate, regulations, and licensing to attract private capital. He directed agencies to fast-track permits.
The 20-year project at 95% utilization eyes 19 million tonnes total output, $1.2 billion annual GDP addition, $25 billion economic impact, and $8 billion forex earnings, per feasibility studies.
SMDF Executive Secretary Fatima Shinkafi termed it the agency’s biggest funding deal, supporting value-addition policy.
The partnership extends to geoscience mapping for mineral data, de-risking exploration, and a joint vehicle for mining assets.
Permanent Secretary Engr. Farouk Yabo praised the reforms. Shinkafi signed for government; AFC’s Franklin Edochie for the corporation, witnessed by AFC CEO Samaila Zubairu.
Tomori positioned it as Nigeria’s largest private mining investment and FDI magnet.
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