E-Business
African Startups can Scale, Using Technology- Bolaji Finnih

According to a recent Fortune Magazine survey, 42% of Startups say that they did not evaluate the market needs for their various products, solutions and services before launching into the market.
Unfortunately, this keeps recurring and adversely affects the acceptance as well as the profitability of such products in the market.
It is interesting to note that, the failure rate of about 95% of Startups within 5 years of commencement of business because of this and other extraneous factors.
I recently had a chat with Bolaji Finnih, CEO, TechPreneur Africa, who is passionate about building growth bound companies in Africa.
The topic of discussion centred on how African Startups can scale up, using technology as the launching pad.
Bolaji believes, and undoubtedly too, that our primary strength in the ecosystem is our entrepreneurial spirit. “I think, having studied different ecosystem across the world, it is difficult to find any ecosystem that has the type of entrepreneurial spirit that we have here in Nigeria”, he observed.
He stated that many people, both young and old people in this clime, are either into one entrepreneurial project or has a business idea that they are waiting to get out there.
It is Bolaji’s belief that people are always trying different stuffs with a view to growing their businesses, but he will not call that a lack of focus.
He observed that, in their attempt to scale, these business owners try different things.
“Yes, there are lots of people doing early stage Startup businesses. It will be great for them to ficus on one and help it scale, but I belief that the answer is in scaling successfully that will lead into a type of focus”, he said.
He observed, therefore, that it is lack of scale that is making people to lose focus and not that they outrightly lack focus.
When asked if Startups needed funds to scale up, Bolaji answered in the affirmative, however, he added that funding is not the primary need when it comes to scaling a business.
He stated that there are some basic requirements in order to scale up a business. ” You need to have the skills, you need to have the proper business plan and business model to know what you’re trying to do. You need to understand your market as well.
Funds are also needed, but not the primary requirement”, he noted.
Bolaji recommended that in Nigeria, we should have a decentralised clusters of ecosystem, which are organically grown are what other climes are using to grow their ecosystem.
“When I say organic, I mean we don’t necessarily have to identify one place from the outside and say, you know what? We want to make this a cluster”, he noted.
In his opinion, we should allow clusters to evolve, stating the example of Computer Village, which was not initially planned to be identified as a clister, but evolved naturally. Bolaji also observed that the academic clusters around Yaba has a gravitational pull towards a certain type of entrepreneurship, hence, we should allow the various clusters to evolve.
On the notion that, countries like Kenya, Rwanda and South Africa are taking technology more seriously in Africa, Bolaji said that he thinks that, based on the fact that we have a lot of young TechPreneurs across the African continent, great deeds are being done in Kigali, Nairobi and even, Accra in Ghana, Cape Town and Johannesburg.
He stated further, that, why it seems that we are not taking technology serious in Nigeria is that we always tend to follow what is reigning at a particular point in time, such as Oil & Gas, Telcos, etc.
“Right now, technology seems ti be making its waves and if you look on the basis of investmrnts in Startups in the last couple of years, you can see that Nigeria is here to stay, because it is the number one destination for foreign investment in Africa.”, he observed.
He noted that, eventhough, other countries have started well ahead of Nigeria, it will still scale in the technology field.
On a final note, Bolaji is of the opinion that the ecosystem needs government support to grow and scale our tech Startups, although, it is not a prerequisite.
He emphasised that tech Startups will still scale if it does not get government support, because it is an open, coordinated and global economy.
E-Business
Microsoft to Unveil Next-generation AI Chip in September

Microsoft is planning to unveil its new Maia 300 AI chip this fall, potentially as soon as next month, The Information reported on Monday, citing people with direct knowledge of the plans.

The company introduced its Maia AI chip in November 2023 but has lagged rivals such as Alphabet and Amazon in scaling up its in-house chip efforts as it seeks to reduce its reliance on Nvidia’s costly processors.
Google began recognizing revenue from direct sales of its custom AI chips, called Tensor Processing Units, in the quarter ended June, while Amazon has also seen growing adoption of its processors, including its Trainium chips.
Microsoft has been in talks with chipmaker TSMC to secure manufacturing capacity for more than 300,000 units of the chip for delivery in 2027, according to the report. It is also looking to significantly ramp up production and persuade major cloud customers such as Anthropic to adopt the chip.
Microsoft ultimately aims to secure capacity for more than 1 million Maia 300 chips, though component supplies and ongoing capacity negotiations with TSMC could constrain its plans, according to the report.
It unveiled its second-generation Maia 200 in January, built by TSMC using 3-nanometer technology.
Microsoft packed the chip with a significant amount of SRAM, a type of memory that can provide speed advantages for AI systems handling large numbers of user requests.
E-Business
X Replaces Revenue Sharing wit New Creator Rewards Programme

X has announced plans to discontinue its Revenue Sharing programme and introduce a new Original Content Rewards programme to reward creators for producing original content on the platform.

The social media company announced the changes at the weekend in a post on its X Creators handle, saying the new programme would reward creators who contribute original content.
“Today, we’re introducing the Original Content Rewards Program, a new way to reward creators who bring original ideas, expertise, reporting, creativity, and commentary to X,” the company said.
X said it would stop accepting new enrolments into the Revenue Sharing programme from Friday, while existing participants would continue earning until September 7, 2026.
“Starting today, we’re no longer accepting new enrollments into Revenue Sharing,” it said.
According to the company, existing Revenue Sharing participants will receive three final payouts, with two scheduled for August 14 and August 28, while the final payment for earnings accrued through September 7 is expected around September 11.
X said existing Revenue Sharing participants would begin getting access to apply for the new programme from September 8, subject to meeting its eligibility requirements.
The first payout under the Original Content Rewards programme will be made on August 28, 2026, while existing Revenue Sharing creators who enrol in the new programme from September 8 will receive their first payment on September 25.
Under the new programme, eligible creators will earn from qualified impressions generated by their original content, with payments made every two weeks.
X defined qualified impressions as unique impressions from Premium users on the Home Timeline feed, where at least 50 per cent of a post is visible.
On the other hand, “The following are excluded from qualified impressions: impressions from the same account counted more than once per post; paid, promoted, or artificially generated impressions; and fraudulent impressions,” it said.
To qualify, creators must be at least 18 years old, live in a country where the programme is available, maintain an account in good standing and have either a personal or vusiness account.
They must also subscribe to X Premium, Premium+ or Premium Business, have at least 500 verified followers and record at least 500,000 Home Timeline impressions from verified users within the previous 90 days.
X said creators must also regularly post original content to remain eligible.
“We want to recognize creators who break news, share expertise, tell stories, create entertainment, and contribute meaningful perspectives to the conversation,” the company said.
The platform said original content could include threads, videos, memes, graphics, illustrations, reporting, analysis, commentary and reactions that add meaningful value to existing conversations.
It said creators who use content produced by others would need to add meaningful commentary, context, analysis, humour or creative transformation for such posts to qualify.
“Building on existing conversations is a core part of X, but simply reposting someone else’s content is not enough,” it said.
X said minor edits such as cropping, filters, borders, watermarks, speed adjustments or simple text overlays would generally not qualify as meaningful transformation on their own.
It also warned that content copied or substantially reproduced from another creator, content downloaded and re-uploaded from X or another platform without being the original author’s, automated content, disinformation and misleading content would be ineligible.
The company said accounts that violate the programme’s requirements could be temporarily or permanently removed from it, depending on the severity of the violation.
It added that creators would be responsible for ensuring they had the necessary rights, permissions or licences to use content created by others.
“Original content is content you personally create that reflects your own voice, perspective, expertise, or creativity,” X said.
The company said the new programme was intended to reward creators who make the platform more valuable by bringing original ideas and perspectives to its conversations.
“The Original Content Rewards Program is designed to reward the creators who start them, shape them, and move them forward,” it said.
E-Business
NITDA Introduces Cloud Certification Boost Data Localisation Compliance

National Information Technology Development Agency (NITDA) has introduced so-called Nigeria’s Certified Cloud Register, regulatory framework developed under the agency’s National Sovereign Cloud Initiative to determine which cloud providers are authorized to handle sensitive data, such as banking records.

In effect, from October, NITDA requires banks, fintech companies and other regulated organisations to source cloud infrastructure providers from a national register of certified firms approved to host sensitive financial and government data.
The Certified Cloud Register, is expected to strengthen data sovereignty, improve regulatory oversight and support the implementation of the Central Bank of Nigeria’s (CBN) data localisation policy, which takes effect on January 1, 2027.
Under the framework, banks, fintechs, government institutions and other regulated entities will be able to verify whether cloud service providers, data centre operators, managed service providers and Artificial Intelligence (AI) infrastructure companies have met NITDA’s certification requirements before entrusting them with critical digital workloads.
The initiative is expected to provide regulated institutions with a standardised process for selecting cloud infrastructure providers that satisfy Nigeria’s technical, security and regulatory requirements.
According to NITDA, the framework establishes “a common national standard, an independent assessment process and a public register of approved providers that banks, fintechs and government institutions can rely on when selecting cloud infrastructure partners.”
The register is expected to become a key compliance tool ahead of the CBN’s directive, which requires all payment transaction data generated within Nigeria to be stored and processed locally, effective from January 1, 2027.
The policy applies to deposit money banks, microfinance banks, mobile money operators, payment service providers, switching companies and other financial institutions.
The certification regime is also expected to reshape Nigeria’s cloud computing ecosystem, making regulatory approval a major requirement for cloud providers seeking to handle sensitive data for regulated industries.
Figures cited by NITDA showed that Nigeria’s 10 largest banks spent about N177.91 billion on information technology in the first quarter of 2026, representing a 31 per cent increase over the corresponding period last year.
A sizeable portion of the investment currently supports cloud infrastructure hosted outside Nigeria, a trend the new certification framework is expected to address by encouraging greater utilisation of compliant local infrastructure.
NITDA said the certification programme will apply the same technical and regulatory standards to indigenous cloud providers and international hyperscale operators, creating a level playing field for all companies seeking to provide cloud services to regulated sectors.
The agency also disclosed that more than 85 per cent of Nigerian businesses currently rely on cloud services, with the majority using infrastructure hosted outside the country.
It said the new framework is aimed at improving confidence in Nigeria’s digital infrastructure while promoting local capacity and enhancing oversight of critical national data.
Speaking on the objective of the initiative, Kashifu Inuwa Abdullahi, director-general of NITDA, said the programme is designed to strengthen Nigeria’s position in the global digital economy rather than exclude foreign technology companies.
According to him, the initiative is intended “to redefine the terms under which Nigeria participates in the global digital economy rather than isolate the country from international technology providers.”
The Certified Cloud Register forms part of broader efforts by the Federal Government to deepen digital trust, strengthen cybersecurity and ensure that critical financial and public sector data are managed in line with Nigeria’s evolving data governance and sovereignty objectives.
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