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Tech Firm Set to Transform Africa through Innovative Technologies

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L-R Kunmi Demuren, Executive Director, Venture Garden Group, William Stuart Symington, United States Ambassador to Nigeria and Bunmi Akinyemiju, MD/CEO, Venture Garden Group during the Pre-Launch of Vibranium Valley in Lagos recently
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Bunmi Akinyemiju, MD/CEO, Venture Garden Group (VGG) has expressed that their aim is to use innovative, data-driven, end-to-end technology platforms to address and reconcile inefficiencies in payment processes across multiple sectors of the African economy.

Akinyemiju, said this on Friday when he hosted William Stuart Symington, United States Ambassador to Nigeria and a delegation of US Consulate to a Pre-Launch event to unveil its new office space, dubbed Vibranium Valley which is housed on the grounds of the then renowned Concord Printing Press of Nigeria.

He noted that, since inception 6 years ago, Venture Garden Group has quietly grown 6 fully owned entities, that is focused on leveraging technology to create African solutions to African problems.

“In the last 2 years also, we have invested in 14 fintech-enabled companies across Nigeria and our early stage deployed capital has yielded over 5.6x portfolio returns and it is just getting started.

With the launch of this world-class office space, VGG have taken the first step into its next chapter, as together the Company works to grow an innovative and collaborative ecosystem that will transform Africa and the lives within it.”

He said that, Vibranium Valley which he referred to as the “Campus” will serve as a hub for Tech start ups which will build an entrepreneur ecosystem , where people can be inspired to create companies and ultimately be able to create employment.

Akinyemiju, added that Nigerian problems are not magical, they are not out of reach, with technology these problems will be solved.

He stated how EduTech the first company they started in 2011 has helped in breaching the educational gap between Nigeria and the United States, adding that Nigerian students do not have to travel abroad to get quality education.

He explained that about 3,000 students have benefited from EduTech and are currently taking classes around the world and in Nigera

He added that they have been able to use technology to solve most of the problems witnessed in the aviation sector since they created a company called AviTech

Ambassador Symington, while commending them on the stellar idea, said that people who are not connected by idea would not be at a base of any pyramid or foundation of any nation.

He said that the Vibranium Valley would be a space that would make the connection of ideas happen.

“We are in a vessel, piloting the ship, you need to connect every part of the ship and that is what this platform will do, connect the ships of Nigeria so that they can take people round the world.

“This is a chance for Nigeria to pull together at home as they are doing outside and this kind of investment will bring out their identity,” he said.

He added that the environment and design of the valley was very conducive and serene for learning and networking.

Aderemi Dada, Chief Executive Officer, Spacefinish, the company that designed Vibranium Valley, said that they are tailored to creating office spaces that would allow businesses to be more collaborative, more innovative and more productive.

He added that, the design of Vibranium Valley was influenced by the particular needs of VGG to bring all their businesses under one roof, which created the design we just witnessed.


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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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New Investment Fund Targets Acceleration of Emerging Technology in Nigeria

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The International Rescue Committee (IRC) has announced the formation of Airbel Ventures, a new humanitarian impact investing fund aimed at accelerating the introduction and scaling of breakthrough technologies in crisis-affected communities.

The fund will invest in companies whose ideas have the potential to change humanitarian response, including digital infrastructure for frontline health systems and climate-resilient agriculture.

The launch of Airbel Ventures follows a period of rapid innovation at the IRC, despite the humanitarian sector facing record funding cuts.

In the past year, the IRC’s Airbel Impact Lab has advanced more than twenty Artificial Intelligence (AI) and technology initiatives—from anticipatory action tools powered by climate and vulnerability data, to frontline service delivery using safe, orchestrated AI systems, to breakthrough diagnostic tools for emerging diseases.

Airbel Ventures’ first impact investment is in Signalytic, a company delivering solar-powered computing devices that ensure reliable electricity and connectivity for remote health facilities.

Following the investment, the IRC will pilot Signalytic’s technology with its Nigeria Health team, demonstrating the viability of next-generation digital infrastructure in humanitarian settings.

“We know breakthrough solutions already exist—what’s missing is the path to scale in humanitarian contexts,” said Dr. Jeannie Annan, Senior Vice President for Research & Innovation at the IRC and head of the Airbel Impact Lab.

 


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MTN Nigeria Suffers 9,218 Fibre Cuts in 2025 as Vandalism, Theft Cripple Network

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MTN Nigeria, the country’s largest telecommunications operator, recorded a historic surge in network disruptions in 2025, suffering 9,218 fibre cuts as of December 31, alongside 211 base station sites affected by theft and vandalism, incidents that disrupted mobile and data services relied upon daily by millions of Nigerians.

MTN Nigeria Suffers 9,218 Fibre Cuts in 2025 as Vandalism, Theft Cripple Network

The data was revealed by Dr Karl Toriola, chief executive officer/managing director, MTN Nigeria via a social media post titled ‘MTN Nigeria 2025 Wrapped’.

The scale of the damage highlights the growing vulnerability of Nigeria’s telecommunications infrastructure, which has come under increasing pressure from road construction activities, cable theft and deliberate acts of vandalism.

MTN said 5,478 fibre cuts occurred within just the first seven months of 2025, with 760 incidents recorded in July alone, underscoring the intensity of the challenge.

Some of the incidents had wide-ranging consequences, knocking out connectivity across multiple states simultaneously and affecting voice calls, data services, digital payments and enterprise operations.

The company described the situation as a national infrastructure problem, rather than an isolated corporate issue, given the economy’s deep dependence on mobile networks.

“These gaps were shaped by real operational challenges such as fibre cuts, theft, and vandalism. Their impact is felt directly by customers and reflected in what they tell us,” Toriola,

The disruptions were reflected in customer feedback volumes, as MTN handled an unprecedented number of complaints during the year. The operator said it resolved 1,624,263 customer complaints in 2025, spanning call centres, social media platforms, emails and physical service centres nationwide.

Despite the setbacks, MTN pointed to signs of operational resilience. The company retained its ranking as Nigeria’s best network by Ookla, returned to profitability after a challenging period, declared an interim dividend, and expanded its subscriber base to over 85 million users by September 2025.

The figures show that while Nigeria’s telecom operators continue to invest heavily in network expansion and customer service, infrastructure sabotage remains a major drag on service quality and operating costs.

MTN acknowledged that performance improvements remain a work in progress. “We are not where we want to be yet. We see you. We hear you. We exist because of you. And we will get better,” Toriola said.

As the company enters its 25th year of operations in Nigeria, Toriola said MTN is doubling down on customer-centricity, treating every piece of feedback as a guide for improvement, while also stepping up engagement with government agencies.

The CEO renewed calls for stronger regulatory and legal protections for telecommunications infrastructure, urging policymakers to classify fibre cables, base stations and other critical assets as national infrastructure and criminalise vandalism to deter repeat attacks.


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NCC Licences Six New ISPs to Challenge Telcos, Satellite Giants

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Nigerian Communications Commission (NCC) has granted operating licences to six new Internet Service Providers (ISPs), effective January 1, 2026, raising the total number of authorised ISPs in the country to 231 from 225 recorded in December 2025.

NCC Licences Six New ISPs to Challenge Telcos, Satellite Giants

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The newly licensed firms are Intellvision Technologies Limited, Granet Technologies Limited, Fiber Sonic Limited, Dasol Solution Services Ltd, Boost ISP Limited, and Amazon Kuiper Nigeria Limited.

Five of these companies are headquartered in Lagos, while Granet Technologies Limited operates from Owerri in Imo State, highlighting the persistent concentration of broadband infrastructure in major commercial hubs like Lagos, Abuja, and Port Harcourt.

This development intensifies competition in Nigeria’s broadband market, which faces pressure from dominant mobile network operators such as MTN and Airtel, alongside rapid expansion by satellite providers like Starlink.

Traditional ISPs continue to grapple with shrinking customer bases, aggressive data pricing from telcos, and satellite disruptions, even as NCC data from Q2 2025 showed Spectranet, Starlink, and FibreOne controlling about 65 per cent of the 313,713 active ISP subscribers.

The inclusion of Amazon Kuiper Nigeria Limited marks a significant entry of global satellite broadband competition, building on Nigeria’s recent approvals for other low Earth orbit providers to enhance connectivity in underserved areas.

Industry analysts view the licences as a strategic push to improve internet quality amid rising demand for digital services, though geographic clustering underscores ongoing infrastructure challenges outside urban centres.

NCC’s move aligns with broader efforts to foster a competitive telecoms sector critical to Nigeria’s digital economy ambitions.


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