Telecom
Founder Institute Lagos Graduates 23 Founders as Cohort II Ends, Opens up Applications for Cohort III

The Lagos chapter of the world’s largest pre-seed start-up accelerator, Founder Institute, recently celebrated the 23 founders who successfully completed Cohort II, in an online version of their Velocity event themed “Winning in Uncertain Times”.
Despite the world practically coming to a halt due to the coronavirus, the mentors and founders at Founder Institute Lagos were able to successfully navigate the hurdles together and out of the 46 that started the journey, 23 founders were able to meet the requirements for graduation.
Velocity is a celebratory event of Founder Institute Lagos held at the end of every Cohort to honour founders that successfully scaled through the rigorous 14 week FI program which helps them build their ideas into successful businesses.

For the first time, due to current realities, the program was held online and temporarily renamed Velocity_mini, and had experienced speakers from across the world who shared deeply on how best founders can grow their start-ups, even at a time when some companies and markets are struggling due to COVID-19.
Speakers at Velocity_mini included Prof. Ndubuisi Ekekwe – Founder, Fasmicro; Kola Aina – Founding Partner, Ventures Platform; Jane Egerton-Idehen – Country Manager/Regional Sales Director, Avanti; Tosin Faniro-Dada, Head Start-ups, LSETF; and Simon Turner, Lead Director, FI Accra.
The event was flagged by Ayowande Adalemo, lead director of Founder Institute Lagos, who shared what the Founder Institute pre-seed program is and how it varies from other global programs based on its target of developing idea-stage founders as well as its system of creating a support network of experienced startup and ecosystem leaders as mentors.
He further explained that founders that plug into the FI system benefit extensively from a suite of resources as well as a highly engaged global network “You can come into the system with a loosely formed idea but after the 14 weeks, you will be graduating as a CEO with a company that can go global and a network that money cannot buy”, Ayowande stressed.
Keynote speaker, Ndubuisi Ekekwe of Fasmicro, advised founders on how to go about strategically raising funds.
Ekekwe said “Companies need to identify frictions in the market and leverage these to create value in the form of products and services.
“It is not about the sophistication of the solution, it is about easing the frictions in the market.
“Money follows value and the market will congregate where value is perceived. When you create value, raising funds is no longer a one-way street because as you are looking for the funds, the funds would also be looking for you”.

Kola Aina of Ventures Platform, who was a guest speaker, spoke on why now is the time for founders to start building their businesses but pointed out that there is a difference between ‘Product-market fit’ and ‘COVID-market fit’.
“Some solutions are time-sensitive and while they should be pursued, founders should be simultaneously planning long-term to create real product-market fit with products that would outlive the opportunities that have been created by COVID-19. This is actually the best time to create and scale your company”, Kola stressed.
The highlight of the event was the pitching session that saw a few of the founders from the graduating cohort; Steve Dakayi-Kamga of Betastore, Amede Achingale of Fortvest 360 Solutions, Ugochi Nwokeji of DBTclean, Titilope Adewusi of 9jakids, Tope Alake of cast.i.ng and Ayo Dawodu of Loystar, all pitch to an audience of mentors, directors and potential funders.
Stanbic IBTC Founder Institute Lagos is now accepting applications for Cohort III via https://fi.co/apply
Telecom
Elon Musk Launches XChat with Video Calling to Take on WhatsApp, Messenger

Elon Musk’s X (formerly Twitter) has launched a new stand-alone messaging app on iOS devices, called XChat.

Elon Musk
This app will help users connect their existing X contacts for calling, chatting, and sharing files. This move shows how Musk’s previous idea of creating a single ‘everything app’ seems to shift to a different strategy now.
This newly launched app comes with features such as audio and video calling, text messaging, group chats, and file sharing.
Moreover, it features privacy-focused tools like disappearing messages, the option to delete and edit messages for everyone, and a feature that blocks screenshots.
Looking at these features, the XChat seems to take on WhatsApp and Messenger.
However, the tech firm said that the app has no tracking or ads.
In terms of privacy, X claimed that the instant messaging app is end-to-end encrypted and comes with a PIN.
This app is currently available to iOS users only, and more updates are expected in the near future, as teased by Benji Taylor, the X’s lead designer. The launch of this app reflects a shift in Musk’s strategy about turning X into an ‘everything’ app that will include payments, shopping, messaging, and more combined in one place.
However, the focus of xAI seems to be different now as the company seems to be developing several different apps instead of combining everything into one.
This approach may help X to reach users through their various services rather than a single platform.
While XChat focused on messaging currently, the tech firm is also reportedly testing a separate payments system, which is not available to the public so far.
More features and updates to the instant messaging app are likely to be arriving in the coming months as X continues to grow its ecosystem with more apps.
Telecom
Globacom Unveils Two New TVCs Showcasing the Future of Connectivity

Technology Company, Globacom has unveiled two vibrant television commercials, “Road Trip” and “Department of Imagination,” reinforcing the telecommunications giant’s dedication to providing seamless, reliable connectivity for every lifestyle.

These engaging campaigns illustrate how Glo remains an essential partner in both our daily routines and our boldest future aspirations.
“Road Trip” captures a relatable family adventure filled with laughter and authentic moments. The story follows Toyin Abraham Ajeyemi as she experiences the frustration of poor signal—only to find that switching to Glo transforms the experience instantly. Whether it’s navigation, downloading content, or staying entertained, the difference is clear with Glo, which ensures you stay connected no matter where the road takes you.
Starring alongside Toyin Abraham Ajeyemi, the commercial featured Bolaji Ogunmola and others and their combination brought the best out of the TVC.
Users can easily access data plans by dialling *312#, ensuring smooth, uninterrupted service on the go.
Department, on the other hand transports viewers to a futuristic landscape where technology bridges the gap between creativity and reality.
Guided by the renowned Richard Mofe-Damijo (The Professor), the story explores how powerful ideas turn into extraordinary experiences. It showcases a smarter, more dynamic world—from real-time gaming to advanced culinary processes demonstrated by Hilda Baci and creative tech integration by Bamike Adenibuyan (Bam-Bam).
The unique feature of the story is each scene serving as a testament to how Glo is actively shaping a future where technological possibilities are infinite.
The Glo’s latest commercials carry a unified, powerful message: The future is here, and it is powered by Glo.
Telecom
MTN-Backed Pitchathon Awards ₦45m to Startups @‘Gathering on 100’ in Lagos

Young innovators and entrepreneurs from across Nigeria converged at the “Gathering on 100,” a 100-hour non-stop youth-focused experience powered by MTN, to showcase ideas, build networks, and compete for funding in a major startup pitch competition.

Pitchathon
The event, described by organisers as a convergence of creators, founders, and culture shapers, featured a Pitchathon segment that awarded a total of ₦45 million to eight outstanding startups selected from 30 participants spanning sectors such as Artificial Intelligence, FinTech, HealthTech, EdTech, Internet of Things (IoT), AgriTech, DefenceTech, and CreativeTech.
The competition underscored what participants called a “Gen Z approach to business,” combining innovation, speed, and community-driven growth models.
At the end of the contest, Hurpham Africa, led by Sesan Kareem, emerged overall winner, securing ₦15 million alongside enterprise partnership and co-development access from MTN.
Coconoto Ltd, founded by Jacob Oluwayannife, clinched the second runner-up position with a prize of ₦10 million, while Rava Send, represented by Emmanuel Isaka, emerged third runner-up, receiving ₦5 million.
Five other startups — URI Social, Dulces Jams, Kindly Book, Africa Medical Marketplace, and MyFund — each received ₦3 million in recognition of their innovative solutions and growth potential.
Organisers said the initiative was designed not only to reward innovation but also to equip young founders with critical business skills through mentorship and real-time engagement with industry leaders.
The Pitchathon formed part of a broader industry showcase where emerging technology startups presented solutions aimed at deepening financial inclusion and accelerating e-commerce growth across Africa.
Among the presenters was a fintech platform led by Charles Dairo, which is focused on simplifying cross-border transactions. According to Dairo, the platform has recorded more than 10,000 user registrations, with about 30 per cent actively transacting.
He said the company is deploying a localized incentive system to drive user engagement and convert inactive users, noting that a referral programme already contributes roughly 15 per cent of organic growth.
The platform operates a 0.5 per cent transaction fee model and leverages strategic banking partnerships to ensure liquidity. It also integrates stablecoins such as USD Coin to enhance cross-border payment efficiency and expand interoperability across mobile money ecosystems.
Stakeholders noted that such innovations could help address long-standing challenges in Africa’s payments landscape, including high transaction costs and limited system integration.
In the e-commerce space, startups like Jakuta demonstrated the use of artificial intelligence to simplify purchasing decisions and improve operational efficiency.
The platform combines voice technology with mobile messaging tools such as WhatsApp to guide users through transactions, while also enabling device trade-ins through automated video analysis.
Developers said the system currently supports operations in about 20 countries and is capable of handling high volumes of daily interactions, including automated customer engagement processes.
They added that the solution automates routine merchant tasks such as inventory management and customer follow-ups, even in low-connectivity environments, thereby expanding access for small and medium-sized enterprises.
Founders also disclosed ongoing efforts to partner with telecommunications providers to reduce communication costs and scale adoption of their platforms.
Industry analysts at the event observed that many startups are increasingly prioritising customer lifetime value, reinvesting revenues into marketing, user acquisition, and product optimisation to build resilient and scalable business models.
They noted that such strategies are essential for navigating challenges including exchange rate volatility, infrastructure gaps, and regulatory complexities across African markets.
The “Gathering on 100” highlighted the growing influence of youth-led innovation in shaping Nigeria’s digital economy, with stakeholders expressing optimism that sustained collaboration between startups, financial institutions, and telecom operators would accelerate digital inclusion and unlock new economic opportunities.
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