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Nigeria in 2018: Emerging Tech, Cybersecurity Growths; Increased Investments in Startups & ICT– Mike Oljide

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Internet of Things (IoT), Artificial Intelligence (AI) and Advanced Machine Learning (AML), Cloud Computing (CC), Cybersecurity, Block-chain & Bitcoin and Enterprise Mobility are technologies that will receive major focus in Nigeria in 2018, Mr. Michael Olajide, executive director, Finance and Administration at Sidmach Technologies Nigeria Limited, said during an interview with peter oluka, Nigeria CommunicationsWeek Correspondent.

The man Mike Olajide:

Mr. Mike Olajide is also the Executive Chairman, WaveTek Nigeria Limited. He is a 1981 graduate of Computer Science from the University of Lagos. He is a distinguished Data System Analyst with over 35 years in the IT industry.

He was a Programmer/Analyst in the Statistics and Planning Division of the Niger State Ministry of Education (NYSC), before he joined the services of the Joint Admissions and Matriculation Board (JAMB) immediately after his service year in 1982 and was the deputy leader of the team that developed a new Pre and Post Examinations Processing System that was used to process the University Matriculation Examinations (UME) locally for the first time in 1986. This led to his rapid promotion by the Board. In 1989, he resigned from JAMB as Assistant Chief Analyst to venture into the private sector where he joined ABICS Nigeria Limited, a foremost software development company at that time.

He was briefly with the Shell Petroleum Development Company (SPDC) as a Senior Consultant from ABICS, before he joined Data Sciences Nigeria Limited in 1990 as a Manager, Software Development. While in Data Sciences, he led the team that developed the National Payroll System and Vote Accounting System for the Office of the Accountant General of the Federation (OAGF), among other projects. He left Data Sciences in 1994 to join SIDMACH as a co-founder and Pioneer Staff. In the year 2012, Mike also co-founded WaveTek Nigeria Limited and presently serves as the Executive Chairman of the company.

He has served in SIDMACH as Executive Director, Managing Director and Chairman of the Board of Directors at various times. He is also a member of the Board of Directors of some organizations and companies.

Mike is a visionary and an information technology expert described by his colleagues as inspirationally cerebral. He is passionate about education and capacity development. This love and passion for education made him to develop a number of IT Solutions to enhance teaching, learning and educational assessment. His core is to employ the use of Information Technology to improve lives and enhance business outcomes.

He has in the past 35 years attended many IT trainings and conferences locally and abroad to improve his professional and leadership skills. He is well-grounded in Software Development, Leadership, Management and Selling Skills.

He is a Fellow of the Nigeria Computer Society (FNCS), a Member of the Computer Professional Registration Council of Nigeria (MCPN), a Fellow of the Chartered Institute of Local Government and Public Administration of Nigeria (FCILGPAN).

He has served as the Chairman, Publicity, Events and Trade Services Committee in the National Executive of the Nigeria Computer Society (NCS). He is presently the NCS South-West Representative on the Board of the CPN and also doubles as a member of the National Executive of the NCS.

Sidmach’s Technology Trends 2018 (Predictions) in Nigeria

Internet of Things (IoT): Internet of Things (IoT) is simply the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and network connectivity, which enable these objects to connect and exchange data. On a preliminary level, we currently have applications on our smartphones we can use to switch off our electronics at home or in the office e.g. Televisions, Audio Systems, Air Conditioners, etc. The level of interconnectivity with electronic devices is gradually increasing and this is an indication that we are gradually gravitating towards the full adoption of IoT.

Internet of Things (IoT) will grow to create smarter solutions that will be programmatically adjusted to be in sync with human behaviour. AI and machines will enable these things to operate autonomously or semi-autonomously, and the driving forces will be efficiency and convenience. As businesses are adapting to the emerging era of the digital world, companies will strive to find innovative ways of delivering their products and services. Thus, there will be more adoption of IoT by corporate organizations and individuals in 2018.

Artificial Intelligence (AI) and Advanced Machine Learning: Simply put, Artificial Intelligence is intelligence exhibited or shown by machines. AI is continuously pushing the limits of science and technology and helping us achieve the unimaginable. 2018 will see a lot of startups utilising AI technologies to create revolutionary solutions that are going to solve real-life and complex business challenges. Be rest assured that AI is something to look forward to this year as a simple voice search is gaining its prominence already in Nigeria. Apple’s Siri, Google Assistant and Microsoft Cortana are examples of simple AI technologies that will be leveraged on in 2018.

Microsoft for example is already using AI to build more intelligent tools so we can put technology to work on increasingly complex tasks. They have partnered with Adaptive Technologies to bring together an AI platform and their biotech research to decode the human immune system, diagnose and treat diseases.

AI and Advanced Machine Learning will lead to the emergence of more intelligent apps virtually in all sectors. For us at Sidmach, we are going to leverage on AI and Advanced Machine Learning technologies to solve real-life problems in both the Health and Education sectors in Nigeria.

Cloud Computing: Many businesses are adopting cloud computing already. 2018 will witness more cloud adoption from businesses and individuals. It is obvious most businesses are now gravitating towards cloud computing. “Mobile first Cloud First” world is a Microsoft slogan that is a reality in the world today. In Nigeria today, the cloud has become the standard for the Enterprise and SMBs. Cloud computing and storage is extremely efficient and cost-effective. From Fintech to transportation and manufacturing, most of the industries in Nigeria are migrating to the cloud. This trend will continue in 2018 in Nigeria. The issue of hosting data locally will also be in focus as the Nigerian government will try to enforce the policy. Companies that have invested in providing data center services locally will take advantage of this government policy to grow their business in 2018.

Blockchain& Bitcoin: The blockchain is a shared, distributed, de-centralized and tokenized ledger that removes business friction by being independent of individual applications or participants. Fintech startups in Nigeria will start leveraging the foundation of blockchain to create disruptive and innovative business solutions. Bitcoin, on the other hand, is a form of digital currency. It’s a type of cryptocurrency used for transactions on a digital payment system.

Blockchain and Bitcoin are gradually gaining more popularity in Nigeria. Attentions are gradually shifting to the inherent benefits of these seemingly new technologies in Nigeria. The current hype of Blockchainis around financial services industry particularly with bitcoin, but there are many other possible applications including music distribution, identity verification, title registry and supply chain. We will start seeing real usage and deployment in Nigeria in 2018.

Enterprise Mobility: Enterprise mobility describes the trend of a great number of employees working outside the office and using mobile devices and cloud services to perform business tasks. The waves of technology in Nigeria is gradually moving to where Enterprise Mobility and business applications will no longer be mere tools that are good to possess, but they will evolve into indispensable instruments that will provide better productivity and increased security. 2018 will drive a wider scale adoption of serious business applications that will cater beyond communication and collaboration, and this will be an opportunity for many startups to create innovative enterprise.

Enterprise Mobility will bring about increased speed or tempo of operations to gain a competitive advantage; efficient data collection so better and faster decisions can be made; quicker reporting of events and KPIs to a wider audience to provide full situational awareness and promote good decision making and issue resolution and so on.

Cybersecurity: The new technology trends come with new security challenges for professionals. Security solutions will therefore continue to receive great attention in 2018.

Sidmach Cloud, Others: The Developments So Far

In March 2017, we launched our Microsoft Cloud platform, this makes us a Microsoft Tier-1 Cloud Solution Provider (CSP), one of the selected few in the country. This affords us the opportunity to serve our clients and prospective customers better with cloud solutions. We also now have the privilege of selling Microsoft products at wholesale prices directly to our customers. Thereby, lowering their current cost. It avails us the opportunity to meet the different needs of our clients from a single point. This provides scalability, affordability, accessibility, efficiency, speed and security. We take full responsibility for the cloud services and solutions that we deploy.

In the almost one year of the CSP launch, we have been able to open new vistas and new grounds. We have also expanded our clients’ base while we helped businesses achieve their goals. We believe firmly that year 2018 will bring in more opportunities to serve businesses and organisations more.

At the same period of March 2017, we also launched our ‘SmartSchool’ solution. It is a solution designed for School Management and Administration. This was developed from our more than 2 decades’ experience in the Nigerian Educational System. SmartSchool is designed to address all aspects of School Management System from registration, attendance, lecture notes, curriculum, fees payment through to result checking; and it has recorded considerable adoption in schools. We are happy for the progress recorded in the current session.

In the first quarter of 2018, we will launch the All Purpose Medical Information System (APMIS) for public use. This is a strategically developed solution to address the challenges in the delivery of health services to patients. APMIS is developed to serve as a link between the patient and the medical practitioners on one side and the hospital management on the other side. APMIS is easy to use and flexible. The free trial is ongoing in many hospitals in the country. At present, Hospitals can use it at no cost for a period of three months after which payment will commence. The adoption rate is currently high.

Market Penetration Strategies

We are collaborating with the various stakeholders in both the health and education sectors to drive adoption.

Sidmach Appears not Involved in Computer Based Test (CBT) Facilities? Any plans for that?

Who says we are not providing CBT solution? Indeed, we have a robust CBT solution that is in the market.

Investment in the Nigerian ICT Sector Seems Stagnant

I don’t agree that investment in the ICT sector is stagnant, it is not stagnant. If you look at the Telecoms sub-sector, yes you can say things have slowed down but in the IT sector a lot is going on right now especially with the Start-ups. I believe that 2018 will bring more investments in the IT sector. The focus has shifted to Nigeria by the big international players such as Facebook, Microsoft, Google, etc. The fairly big players in Nigeria are also focusing on investing in the Start-ups. I tell you this trend will continue in 2018.

The Nigerian Software Industry, What Has Gone Wrong?

Just like in every other sectors, we failed as a nation to do what we need to do to develop the software industry. It was a deliberate policy of the Indian government and people to develop the software industry for both local and international consumption. We have not developed and implement such a policy even now. What you are seeing today in the software industry is a product of private initiatives. Young people decided to move the industry on their own. Even the local content policy is not enforced for the MDAs not to talk of Private Enterprises. Government only reacts to what people are doing in the industry.

I can tell you that the Nigerian Software industry is innovative, virile and versatile but the management and support from the government is still very low. Indians have grown their homemade software and are exporting them to the world while Nigeria still depends on imported. We pride ourselves in imported products than homegrown products. The time has come to have a change of attitude.

Software development costs time and money. No developer can survive without requisite expertise, experience, financial clout/support and patronage. For more than two decades now, Sidmach have been engaged in software development, which are deployed to our clients’ sites and they have performed optimally without fail. We pride ourselves in software development and we have engaged many young people through this.

Lack of patronage of local software companies is one of the greatest problems confronting the industry in Nigeria, a situation that is not applicable in India. Due to non-patronage or low-patronage of local software in Nigeria, the country loses much in foreign exchange. The payment made in dollars and euros for subscriptions and annual software maintenance fee could be reduced and retained in the country through the purchase of local software.

For example, let us imagine what we would have gained if, at least, just one Nigerian bank decides to use an indigenous software rather than the prevailing situation where they all use foreign software or if the software used by the National Identity Management Commission (NIMC) or the one installed at the Office of the Accountant General of the Federation [OAGF], Federal Inland Revenue Service [FIRS], NIBSS and the Central Bank of Nigeria [CBN] are powered by indigenous software companies. This is possible today but it is requires government policy. WAEC, JAMB and NYSC are not using foreign software and they have continued to do very well in carrying out their functions.

Is the Country Making Progress with Local Content in ICT?

Honestly, I cannot say we are making any headway. It appears to me that NITDA does not have the enabling authority to enforce the local content policy or it does not have the capacity. Let us say clearly here that software professionals are not asking for reserved seats. No, we are saying give local software houses the opportunity. Our guys can and are bringing out solutions with global standards. I can also tell you that some of our solutions are superior to the foreign solutions. For example, I can vouch for Sidmach’s Insurance solutions namelyIndemnityPro and IndemnityProLife, as meeting global standards.

Don’t you think lack of professionals at the helms of affairs, is affecting the growth of the ICT industry? 

As a practitioner, I will like to see one of my colleagues as the Minister but I cannot say for sure that such a person may perform better than any other person in managing the industry. It is a perception that we may see better policies.

NCS ICT Personality of the Year Award at NITMA 2017, How Do You Feel?

I feel great and I thank God for His mercies. The award is a call to service. It is a call to more work, more innovation, more quality work and more service to the people. At Sidmach, we innovate and develop solutions to make people work smarter and make life better, this is our core and we shall continue.

The award is dedicated to the entire staff of Sidmach Technologies Nigeria Limited, who were committed to innovation and quality, without whom it would not have been possible to win this. I also thank all those who believed in us and voted for us.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Why Econet Wireless is Switching to VFEX

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After nearly 30 years on the Zimbabwe Stock Exchange (ZSE), Econet Wireless, the country’s biggest technology company, is preparing to leave the bourse and move its property and infrastructure assets to the US dollar-based Victoria Falls Stock Exchange (VFEX).

Why Econet Wireless is Switching to VFEX

Econet plans to spin off its towers, property and power installations into a new company, Econet InfraCo, which will be listed on the VFEX. Its mobile network operator business will be delisted from the ZSE.

Econet believes the market has failed to properly value its business and its assets. At the time Econet first released a cautionary on December 3, its market capitalisation was the equivalent of US$628 million.

A rally over the past days has lifted it to a market capitalisation – the number of shares times the share price – to around US$1 billion.

“For the last several years, the company has traded at a significant discount to its peers across Africa which trade at 6 – 8x EV/EBITDA.

“These peers have all already separated and realised value from their tower infrastructure whereas the company still owns its tower and other passive infrastructure which the company has now housed under a separate infrastructure company to be listed on the Victoria Falls Stock Exchange,” Econet said.

Econet will keep 70% of Econet InfraCo, with up to 30% used to settle an offer to shareholders who do not wish to remain invested.

The company argues that infrastructure assets are better suited to the VFEX, which trades in US dollars and attracts investors familiar with property and long-term infrastructure.

“Unlike the mobile network operator business in Zimbabwe, infrastructure assets represent a different class of investment, one that is better understood and valued within USD-based property and infrastructure markets.

“This is demonstrated by the higher Price-to-Earnings multiples at which listed real estate and infrastructure companies trade on the VFEX,” the company said.

Econet dominates Zimbabwe’s mobile market, with 88% of voice traffic, 82% of data usage and 73% of all subscribers. It has built the largest portfolio of telecoms assets.

By the end of the second quarter, it had 234 5G sites, 1,700 LTE sites, 1,900 3G towers and 2,860 2G locations.

In the half-year to August alone, it added 27 new 2G–4G sites and 100 new 5G sites.

In addition to these locations, Econet also holds other properties and power assets, including solar installations, Tesla batteries and generators.

The move follows a well-established trend in Africa.

MTN and Airtel Africa sold towers in Nigeria, Ghana, Uganda and Kenya to independent operators like IHS Towers and Helios Towers. Vodacom, Orange and Telkom South Africa have also carved out tower units through sale-and-leaseback deals.

Credit: Newsday


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Qualcomm Completes Third Edition of Make in Africa Startup Mentorship Program

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Qualcomm Technologies Inc. has announced the successful completion of its third annual Make in Africa (QMIA) Startup Mentorship Program, marked by the virtual Make in Africa Finale 2025. The initiative underscores Qualcomm’s long-term commitment to fostering Africa’s vibrant innovation ecosystem through the broader Qualcomm Africa Innovation Platform.

Highlights:

  • The 2025 Qualcomm Make in Africa program supported ten innovative startups from Kenya, Tunisia, Nigeria, Benin and Senegal, each addressing local challenges by developing tech-enabled solutions across critical sectors such as healthcare, sustainable agriculture, climate resilience and mobility.
  • This year, the program attracted more than 400 applications from 19 countries, showcasing remarkable talent across the continent.
  • Farmer Lifeline, of Kenya, was announced as the 2025 Wireless Reach Social Impact Fund winner, recognizing its impactful use of wireless technology.
  • Applications for Qualcomm Make in Africa 2026 are now open. Applicants can visit the Qualcomm website to apply.

As a flagship initiative of Qualcomm, the equity-free program shines a spotlight on the creativity and drive of African founders leveraging advanced technologies such as AI, 4G/5G, robotics, connectivity and IoT to address pressing real-world challenges.

Now in its third year, the program remains steadfast in its mission to accelerate early-stage technology startups by providing tailored mentorship, targeted business coaching, expert engineering consultation and comprehensive intellectual property protection guidance – exemplified by resources such as Qualcomm’s L2Pro Africa training. This holistic support empowers founders to transform their visionary ideas into sustainable, market-ready solutions.

“This year’s cohort has demonstrated incredible ingenuity, transforming complex challenges into scalable, tech-driven solutions that will drive social and economic impact across the continent,” said Elizabeth Migwalla, Vice President International Government Affairs, Qualcomm Incorporated.

“Innovation is the driving force behind Africa’s future, and this year’s startups are a brilliant demonstration of that. The African Telecommunications Union (ATU) is proud to partner with Qualcomm for the Make in Africa 2025 program,” said John Omo, Secretary General of the ATU. “We are working to harmonize spectrum management policies, regional standards, and open data practices, but we know that true progress relies on large-scale support. That’s why we call on governments, universities, investors, and industry to support these initiatives – and any endeavor that places African ingenuity at the forefront.”

The 2025 cohort includes the following groundbreaking startups:

  • Aframend (Nigeria): Uses AI to explore African medicinal plants for new drug discovery and aims to turn local remedies into safe, affordable treatments for diseases.
  • AmalXR (Tunisia): Offers AI-powered virtual rehabilitation sessions on everyday devices, enabling easy patient and clinician progress tracking.
  • Archeos (Benin): Automates fish farming with solar-powered sensors and feeders, providing real-time data on water quality and feeding levels for improved fish health.
  • ClimatrixAI (Nigeria): Installs connected weather and flood stations with an AI platform to forecast street-by-street risk, enhancing early warnings and disaster response for local communities.
  • Ecobees (Tunisia): Builds smart hive monitors and a digital platform for real-time insights into beehive-health, to protect bees and crops that depend on them.
  • Edulytics (Senegal): Applies AI on handheld ultrasound devices for early detection of liver disease, aiming to make this special screening widely accessible.
  • Farmer Lifeline (Kenya): Deploys small, solar-powered devices that scan fields for pests and diseases and send alerts straight to farmers’ phones to protect crops.
  • Pollen Patrollers (Kenya): A women-led agritech startup using connected hive technology and AI to keep bee colonies healthy.
  • Solar Freeze (Kenya): Provides solar-powered cold rooms with remote monitoring enabling farmers to keep fruits and vegetables fresh and increase earnings.
  • Pixii Motors (Tunisia): Designs electric scooters with smart batteries that can be swapped in and out at local stations, aiming to revolutionize urban mobility.

Wireless Reach Social Impact Fund Winner 

Kenyan innovator, Farmer Lifeline, was announced as the winner of the 2025 Wireless Reach Social Impact Fund. The fund, sponsored by Qualcomm® Wireless Reach™ Initiative, champions the innovative use of wireless connectivity to address pressing community. As the winner, Farmer Lifeline will receive dedicated funding and tailored technical support to scale its groundbreaking solution.

“Farmer Lifeline stood out with its innovative small solar-powered devices that scan fields to detect pests and diseases. This technology enables local farmers to effectively protect their crops, significantly increase yields, and improve food security”, stated Erica Ciaraldi, Vice President, Wireless Reach, Qualcomm Incorporated.

“Their visionary approach and dedication to agricultural resilience have positioned them as leaders in their field. They are driving meaningful change for smallholder farmers and inspiring others across the continent. This fund will empower them to scale their impact further, enabling broader reach and deeper influence across Africa and the world.”

In recognition of the groundbreaking innovations demonstrated by all finalists, each will receive stipends designed to accelerate their growth, support strategic development and safeguard their intellectual property. This comprehensive support underscores Qualcomm’s commitment to fostering innovation and ensuring these visionary projects can thrive sustainably.

Looking ahead: Launch of Qualcomm Make in Africa Startup Mentorship Program 2026

Building on the significant success of previous years, Qualcomm is excited to launch the fourth year of the program in 2026.

Applications for the 2026 Qualcomm Make in Africa cohort can be found at the Qualcomm website.


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Fynd Expands Global Footprint, Adds Africa With Surtee Group Partnership

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Fynd, an AI-native retail technology platform backed by Reliance Retail Ventures Limited, today announced its official expansion into South Africa, onboarding Surtee Group – one of the region’s most established luxury and fashion retailers – as its first strategic customer in the market. This milestone marks a pivotal moment for African retail, as legacy brands begin embracing digital transformation to meet the demands of a rapidly evolving consumer landscape.

Fynd Expands Global Footprint, Adds Africa With Surtee Group Partnership

Fynd

Fynd’s entry into Africa reflects its commitment to enabling digital transformation in high-growth retail markets worldwide. The move also comes at a turning point when South Africa’s e-commerce sector is projected to exceed R130 billion ($7.48 billion) in 2025, capturing nearly 10% of total retail sales – a fourfold increase since 2020.

According to Statista, South Africa is expected to have 11.7 million e-commerce users in 2025, with projections reaching 21.5 million by 2029. This growth is being driven by rising internet penetration, mobile-first shopping behaviour, and increasing trust in digital platforms. To meet rising consumer expectations, businesses are investing in AI and unified commerce platforms. Fynd’s scalable, AI-native stack is built to support this shift, enabling agility, personalisation, and operational efficiency.

“South Africa’s retail landscape is evolving fast,” said Ronak Modi, Chief Business Officer – Global at Fynd. “Consumers expect seamless, personalised experiences across every channel, and retailers need agile, intelligent infrastructure to keep up. Our platform is built to unify disconnected systems, speed up fulfilment, and elevate customer engagement; all without adding operational complexity.”

“South Africa is an exciting addition to our global footprint. The market is digitally ambitious, brand-forward, and ready for intelligent commerce infrastructure. Our goal is to help local retailers unify siloed systems, personalise engagement, and accelerate fulfilment without adding complexity.”

Surtee Group operates 94 boutiques and 2 e-commerce sites, comprising the multi-branded stores Levisons and the mono-brand boutiques, namely, Giorgio Armani, Michael Kors, Lacoste, Hugo Boss, VERSACE, TOD’S, Salvatore Ferragamo, Versace Jeans Couture, Emporio Armani, Burberry, Jimmy Choo, Luminance, Paul Smith, Coach, and Armani Exchange. They will implement Fynd’s unified commerce stack, including Storefronts, Order Management System (OMS), Warehouse Management System (WMS), and Clienteling tools to connect in-store and online operations, streamline inventory visibility, and launch brand-specific ecommerce storefronts across its brand portfolio.

While online retail continues to surge, offline sales still represent the vast majority of revenue for retailers in the country. Fynd will enable Surtee Group to unify its offline inventory online, power ship-from-store capabilities, and improve both margins and sell-throughs. Additionally, products like Clienteling will empower in-store teams to engage customers better and drive incremental sales through personalised recommendations and seamless omnichannel experiences.

Fynd’s entry into the market is designed to meet this demand. Its AI-native platform enables real-time stock visibility, ship-from-store capabilities, dark store orchestration, and intelligent customer engagement all within a single scalable solution.

As part of its digital transformation roadmap, Surtee Group aims to consolidate its leadership in luxury and fashion retail while expanding into e-commerce and improving omnichannel agility.

“We were looking for a partner who understood both the technical and strategic dimensions of unified commerce,” said a Surtee Group spokesperson. “Fynd stood out for their proven scalability, consultative approach, and deep experience with global fashion brands, many of which align with our portfolio. Their unified stack enables us to modernise operations while building a connected, brand-first customer experience.”

Fynd has already scaled across India, the GCC, and Southeast Asia, and now adds Africa to its regional presence. With Surtee Group leading the transformation, Fynd is positioned to play a key role in powering unified commerce adoption across South Africa’s growing digital economy.


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