Telecom
AfreximBank Boss, ECOWAS, Diplomats and others to Speak at GAIN Youth Summit 2022
The President and Chairman of the Board of Directors of African Export Import Bank (AfreximBank) Professor Benedict O. Oramah; High Commissioner of Namibia to Nigeria, H.E Humphrey Geiseb; Ambassador of Cote D’Ivoire to Nigeria and ECOWAS, H.E Ambassador Kalilou TRAORE; Dr Tony Luka Elumelu, Ag. Director of Private Sector Development at the ECOWAS Commission, Nigeria as well as popular Nigerian business man, Mr Obinna Tochukwu Iyiegbu (Obi Cubana), Chairman, Cubana Group, Nigeria have been named the Keynote and Guest Speakers respectively at the 2022 edition of the Grand Africa Initiative – GAIN Youth Summit holding from 28th-29th October, 2022 at 10am WAT daily with the theme The Africa We Want: Nexus between the Youth, Peace and Entrepreneurship II.
The GAIN Youth Summit is an annual gathering of policy makers, diplomats, public and private sector leaders, development institutions, civil society groups and the youths from across the continent and the diaspora, focused on developing entrepreneurship, innovation, professional and employability capacities in young Africans in a way that helps tackle the menace of youth unemployment and conflict on the continent.
The Executive Director, Grand Africa Initiative (GAIN), Ms. Chinwe Okoli stated that this year’s summit will build on and further examine the key insights around the theme The Africa We Want: Nexus between the Youth, Peace and Entrepreneurship discussed at the 2021 summit which had the Vice President of the Federal Republic of Nigeria, professor Yemi Osinbajo, SAN as the Special Guest of Honour.
According to Ms. Okoli, “We are excited at the level of growth in impact that the GAIN Youth Summit is making through the years. This year, we are glad that organisations and institutions such as ECOWAS Commission, AfreximBank, Embassy of the Republic of Guinea to Nigeria, High Commission of Namibia to Nigeria and Embassy of Cote D’Ivoire to Nigeria are partnering with GAIN. We are especially grateful to ECOWAS through the Youth and Sports Development Centre(EYSDC) for their financial support. We are also grateful to all those who will be sharing their thoughts with over 2000 youths from across the world”.
According to Ms Okoli, “other confirmed speakers include; Ehia Erhaboh, Executive Vice President, Operations and Technology, Interswitch Group, Nigeria; Caroline Njuki, Officer in Charge and Chief Technical Advisor Inclusive Jobs and Education, International Labour Organisation, Kenya; Eric Nges: Vice President, J.P Morgan, Germany; Hon. Emma Inamutila Theofelus(MP); Deputy Minister for ICT, Namibia; Sam Itodo, Executive Director, YIAGA Africa, Nigeria; Emmanuel Asika; Country Manager- HP Nigeria; Omni Channel Manager-HP ACE; Lennox Omondi, CEO and Founder, Eco-Bana Limited, Kenya and 2022 Winner Hult Prize; Chidi Nwaogu, Co-Founder, Publiseer/ Tech Entrepreneur and Software Developer, Nigeria; Princess Adeyinka Tenekah; Founder/CEO, Happy Coffee, Nigeria; Rapitso Mosebetsi, Co-Founder & CEO Iconics Pty Ltd, Lesotho… among others”
Over the past three years, the GAIN Youth Summit has deepened the discourse and contributed to shaping policies around strategies to unleash the economic potentials of young Africans to build sustainable prosperity on the continent. We are delighted that previous editions of the summit attracted high profile leaders such as Professor Chukwuma Charles Soludo, Governor, Anambra State and former Governor of Central Bank of Nigeria; British High Commissioner to Nigeria, Catriona Laing; Ambassador of Angola to Nigeria, Dr Januario Eustaquio Quibato; The High Commissioner of South Africa to Nigeria, Mr Thami Mseleku; Nigeria’s Minister of Youth and sports, Hon Sunday Dare; Her Excellency, Mrs Teneng Mba Jaiteh, The Ambassador Plenipotentiary of The Gambia to Kingdom of Belgium and the European Union; H.E S. F Houmard, The President of in Global Office of the Global Union; H.E, Mr Georges R. P. Chikoti, The Secretary General of the Organisation of African, Caribbean and Pacific States (OACPS); Mr Tomi Davies ‘TD’, Collaborator-in-Chief, TVC Labs/President, African Business Angel Network (ABAN), Mr Modise J.Motloba, The Group CEO, Tysys Capital Group, South Africa; Professor Joseph Nnanna, Chief Economist, development bank of Nigeria; Professor Ndubuisi Ekekwe,Lead Faculty, Tekedia Institute; Mrs Fati N’zi-Hassane, Supervisor, Human Capital Division AUDA-NEPAD, African Union among others
Grand Africa Initiative (GAIN) is a youth-focused pan-African non-governmental organization which comprises young Africans between 15 and 35 years drawn from within and outside the continent, who are passionate about promoting entrepreneurship as a means to reduce conflict, promote peace and economic revival of the continent. GAIN programs include training, advocacy, mentorship, and youth events, designed to help achieve sustainable development by igniting the positive energy of the greater segment of Africa’s population – the youth.
Participation:
Register to attend the summit for free via the link: http://bit.ly/GAINYS22
Nigeria will criminalize the destruction of broadband fiber cables following repeated complaints by MTN Nigeria Communications Plc and other telecommunications companies that they are losing billions of naira, according to people familiar with the matter.
Federal ministry of works, which supervises federal road constructors, is finalizing the regulation that will be signed as an executive order by President Bola Tinubu, said the people, asking not to be identified as they weren’t authorized to comment.
While there are presently laws against vandalism, the authorities are aiming to regulate construction firms more closely.
The order will enforce stiff penalties on offenders, said the people, declining to provide more details or say when it will be signed.
“Telecom assets are critical backbone that supports the economy across sectors,” said Temitope Ajayi, a senior presidential aide, who noted that the Association of Telecommunications Companies (ATCON) has been demanding the classification for years.
New rules will provide “further assurance that the Nigerian government will protect their investments against vandals and criminal elements.”
The Nigerian Communications Commission (NCC) estimates that the sector will make up more than a fifth of the country’s gross domestic product by the end of 2027, up from 13.5% in the third quarter of last year.
The move will help alleviate pressure on the telecoms sector, which is facing increased operating costs and sales pressures from a sharp depreciation in the currency and a threefold increase in energy prices.
Repairs and revenue losses from damaged cables is estimated to have cost the sector almost 27 billion naira ($23 million) last year alone, documents seen by Bloomberg show.
MTN Nigeria, the biggest wireless operator in Africa’s most-populous nation, and Airtel Africa Plc bore the brunt of the costs, the documents show.
MTN suffered more than 6,000 cuts on its fiber cable last year, the documents show. On Feb. 28, a cut on its network in three different locations by a road construction firm, an oil serving company and someone burning rubbish in a manhole meant customers faced more than five hours of data and voice outages.
The operator relocated 2,500 kilometers (1,553 miles) of vulnerable fiber cables between 2022 and 2023, at a cost of more than 11 billion naira – enough to build 870 kilometers of new fiber lines to areas without coverage.
A presidential order on the matter would be welcomed, said Tony Izuagbe Emoekpere, president, Association of Telecommunications Companies of Nigeria.
“When it comes to communication infrastructure, they are destroyed at will, so we are eagerly awaiting the president’s order,” he said. “It would be a great boost to the industry, and it will also encourage investment.”
Telegram, the messaging giant founded by Pavel Durov and headquartered in Dubai, anticipates hitting a remarkable milestone of one billion active monthly users within the next year.
Durov’s departure from Russia in 2014, prompted by governmental pressures to stifle opposition communities on his VK social media platform, underscores Telegram’s commitment to neutrality despite geopolitical challenges.
With 900 million active users currently, Telegram stands as a beacon of free speech in the digital realm, particularly influential in former Soviet Union republics and pivotal during conflicts like the Russia-Ukraine standoff.
Durov’s staunch advocacy for freedom of expression and opposition to censorship by tech giants like Apple and Google reinforces Telegram’s status as a neutral platform.
Opting for the UAE as its base, Durov cites its neutrality and openness as conducive to Telegram’s ethos, serving both opposition groups and governments alike while maintaining impartiality.
In Durov’s vision, the pursuit of freedom eclipses material gain, shaping Telegram’s trajectory as a bastion of digital liberation.
To further strengthen Nigeria’s digital economy in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda, the National Information Technology Development Agency (NITDA) and National Identity Management Commission (NIMC) have announced a collaboration on National Public Key Infrastructure (PKI) and Digital Public Infrastructure (DPI) to enhance and create synergy between digital identity, payment ecosystem, and secure & seemless data exchange capabilities for Nigeria.
During the meeting between the Director-General of NITDA, Kashifu Inuwa Abdullahi, and Director General of NIMC, Engr. Bisoye Coker-Odusote, with some management staff of both organisations, they discussed various initiatives, which include building DPI stacks for a secured and seamless data exchange and forming partnerships to transform the national identity system.
This collaboration also aims to harness the potential of the innovative ecosystem and emphasise the use of Public Key Infrastructure (PKI) to drive digital transformation in Nigeria.
To ensure a smooth implementation, a 12-man committee was set up. This committee will play a crucial role in kickstarting and harmonising the initiatives. It is expected to deliver a comprehensive implementation report within the next 4 weeks
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