Connect with us

News

Africa’s 20 Entrepreneurs Make Business Case

Published

on

Kindly share this post

Africa’s 20 entrepreneurs will be presenting a business case for investment at Viridis Africa in October and among them will be Ben van Rooyen, CEO, ZEO Africa

Zeo Africa was established in 2013 in order to commercialise ZeoForm, a patented product developed by Zeo IP, an Australian company.

ZeoForm granules and products made from the granules are completely biodegradable, non toxic, and compostable.

These capabilities are developed through chemical bonding at the molecular level, making ZeoForm and its derivatives nanotechnology compounds and products.

Zeo Africa has exclusive rights to all proprietary intellectual property of Zeo IP in South Africa, including patents, trade secrets, methods and plans for the production of ZeoForm granules and products, and all trademarks and copyrights.

Zeo Africa also has non-exclusive rights to the technology for the rest of the African continent, with a first right of refusal for an exclusive license in any country.

“Zeo Africa’s mission is to develop and commercialize ZeoForm and derivatives – transforming recovered and renewable cellulose fibers into an array of new eco-materials for specialized and everyday use. By doing this we intend to be a leading African supplier for companies seeking biodegradable and recyclable raw materials,” said Ben van Rooyen, CEO of Zeo Africa.

 Another entrepreneur is Joel Arcus, BioWaste Technologies.  Joel is a man of vision and intention. A dedicated father and husband who is passionate about the environment and believes that a community involved in sustainable, bio-friendly solutions is the way to heal our planet.

“I am a firm believer that education, integrity, purpose and uplifting others will build humanity as a whole and allow for the alleviation of poverty and afford others the opportunity to achieve success and establish a bright future for generations to come.”

Joel is the general manager of Green Waste Energy Development Africa which is developing green waste to energy projects in Africa.

He is also the director of BioWaste Technologies (PTY) LTD. BioWaste Technologies (PTY) LTD is a consulting and solutions based company that addresses a huge need for developing South African entrepreneurs by creating and driving functional, adaptable and sustainable Green Projects in partnership with our clients.

The company’s vision is Zero Waste to Landfill.  BioWaste Technologies is a services oriented company delivering green waste management solutions through the implementation of a few niche products.

“We drive functional, adaptable and sustainable green projects in partnership with our clients, assisting them with their waste management strategies. We thus enable them to contribute to a greener and healthier environment, while simultaneously adding valuable cost saving solutions to their existing waste removal practices, through the implementation of either one of our product solutions.” said Arcus. 

“BioWaste Technologies was created in 2010 out of a deep passion to do something constructive about our South African environmental degradation and climate change.” 

Joel Arcus and Ray Finch, founding partners, left their jobs and set themselves the challenge to find sustainable technology solutions for dealing with organic waste. Today they and their team of partners are pioneers and leaders in the field.

“Recycling” is growing or “recyclables” with up to 25% of plastics, glass, metals, paper & cardboard  now being recycled in our biggest cities. Organic waste though, is posing significant unsolved challenges. Not only in South Africa, but all over the world.

“Realistically the only “long term solution”, is that we need to find ways to USE or RECYCLE,  EVERYTHING so, we have set our Vision for South Africa to achieve “Zero Waste to Landfill”.”

“We are investing heavily in bringing innovative solutions including: In-Vessel Composting plants; Waste to Energy Plants; and comprehensive waste management facilities where recyclable is recycled, organic waste is composted and the rest is gasified to produce electricity,” concluded Arcus.

The intention of Viridis Africa is to bring together investors such as Inspired Evolution, Sterling Waterford Securities, Lerako Metier, the IDC, Curatio Capital, Vantage Capital and the Technology Innovation Agency and entrepreneurs from Africa and the rest of the world, to jointly explore commercial initiatives in green technologies.

The programme includes the presentation of 20 projects of business initiatives, ranging in size and scope and encompasses priority areas such as bioenergy, hydro, wind power, green chemistry, recycling, water treatment, desalination, amongst others.

Principals who would present their business opportunities at this event would have the audience of numerous local and foreign investors who have $300 Million available for investment into these various initiatives (Solar Energy – Bio Energy – Waste Energy).

Investors would include venture capital, private equity, project and corporate finance outfits and others dedicated to the clean tech sector. Also included are major companies who seek strategic alliance and acquisitions.”

New technologies currently being developed by academic and research institutions will also have their opportunity so as to introduce potential business opportunities through the commercialisation of the above.

“Additional business proposals are invited from clean tech sub-sectors including clean energy generation (wind, solar, hydro, biofuels, geothermal, clean coal technologies), storage (fuel cells, advanced batteries, hybrid systems), efficiency (smart grids, waste heat recovery), water & waste water (water treatment, water conservation, waste water treatment, desalination) and recycling and waste (recycling, waste treatment, organic matter, plastics) etc.” said Adam.

The event will also introduce parties with complementary technologies and business models to one another in order to explore mutually beneficial opportunities.

The main purpose of the conference and its exhibitions will endeavour to bring about a vibrant market trading place for entrepreneurs and corporate to propose and conclude investment deals with funders

Although the event is to be held once a year, it is designed to give the participants long term continuity vis a vis the provision of web-based interaction platforms, inducing social networks.

Business Case Presenters:
Principals who would present their business opportunities at this event would have the audience of numerous local and foreign investors, stratified according to their interest and investment criteria.

The following are some of the clean tech sub-sectors in which principals may consider their company, initiative being presented:  Clean Energy Generation: Wind, solar, hydro, biofuels, geothermal, clean coal technologies


Kindly share this post

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

News

Nigeria, Others Lag Behind as Egypt Tops Africa in AI Readiness

Published

on

Kindly share this post

Nigeria and other Sub-Saharan Africa countries rank ninth out of nine global regions as Egypt has emerged as Africa’s leading country in artificial intelligence readiness, ranking first on the continent and 51st globally in the 2025 Government AI Readiness Index published by Oxford Insights.

The impressive ranking has been lauded as underscoring North Africa’s growing influence in the global AI race.

According to Egypt’s Ministry of Communications and Information Technology (MCIT), the country scored 57.5 points out of 100, climbing 14 places from 65th in 2024.

The Nile nation also ranked fourth in the Middle East and North Africa (MENA) region, behind Saudi Arabia, Israel and the United Arab Emirates.

The Oxford Insights index assesses 195 governments using 69 indicators across six pillars, including policy capacity, governance, AI infrastructure, public sector adoption, development and diffusion, and resilience.

Egypt topped the Policy Capacity pillar globally with a perfect score of 100, tying with the UK, Serbia and Australia, an indicator of strong national AI policymaking and institutional readiness.

Oxford Insights noted that countries such as Egypt are “expanding the use of AI across national priorities while shaping policies to strengthen domestic AI ecosystems,” although gaps in infrastructure and talent development remain in some contexts.

MCIT minister Amr Talaat attributed Egypt’s strong performance to deliberate government action.

“This achievement reflects our efforts to integrate artificial intelligence into public services and accelerate digital transformation through Egypt’s second National AI Strategy. We are positioning Egypt as a regional AI hub while ensuring AI delivers real economic and social value,” he said.

Launched for 2025–2030, Egypt’s National AI Strategy targets sectors such as healthcare, justice and public administration, while aiming to train 30 000 AI specialists by 2030 and raise AI’s contribution to GDP to 7.7%.

Talaat also highlighted Egypt’s cybersecurity credentials when he highlighted that the country ranked among the top 12 globally in the ITU’s Global Cyber security Index.

Regionally, the results expose sharp contrasts across Africa. Sub-Saharan Africa ranks ninth out of nine global regions, with an average score of 28.04, reflecting persistent gaps in AI infrastructure and public sector adoption.

However, countries such as Kenya, South Africa, Mauritius and Nigeria lead the sub-region, while Rwanda and Ethiopia are gaining momentum through innovation hubs and policy reforms.

In contrast, the MENA region ranks fifth globally, buoyed by significant investment in AI infrastructure and policy capacity, particularly in Gulf states.


Kindly share this post
Continue Reading

News

SERAP Sues INEC Over Alleged ₦55.9Bn Election Funds Diversion

Published

on

Kindly share this post

Socio-Economic Rights and Accountability Project (SERAP) has dragged the Independent National Electoral Commission (INEC) to court over the alleged failure to account for ₦55.9 billion reportedly meant for the procurement of election materials for the 2019 general elections.

SERAP Sues INEC Over Alleged ₦55.9Bn Election Funds Diversion

The grave allegations are documented in the latest annual report published by the Auditor-General on 9 September 2025.

In the suit number FHC/ABJ/CS/38/2026 filed last Friday at the Federal High Court in Abuja, SERAP is seeking: “an order of mandamus to direct and compel INEC to account for the missing or diverted N55.9 billion meant to buy smart card readers, ballot papers, and other election materials for the 2019 general elections.”

SERAP is also seeking: “an order of mandamus to direct and compel INEC to disclose the names of all contractors paid the N55.9 billion for the procurement of smart card readers, ballot papers, result sheets, and other election materials for the 2019 general elections, including the names of their directors and shareholders.”

In the suit, SERAP is arguing that: “INEC must operate without corruption if the commission is to ensure free and fair elections in the country and uphold Nigerians’ right to participation.”

SERAP is also arguing that, “INEC cannot ensure impartial administration of future elections if these allegations are not satisfactorily addressed, perpetrators including the contractors involved are not prosecuted and the proceeds of corruption are not fully recovered.”

According to SERAP, “INEC cannot properly carry out its constitutional and statutory responsibilities to conduct free and fair elections in the country if it continues to fail to uphold the basic principles of transparency, accountability and the rule of law.”

SERAP is also arguing that, “These allegations also constitute abuse of public office and show the urgent need by INEC to commit to transparency, accountability, clean governance and the rule of law.”

SERAP also said, “Allegations of corruption in the supply of smart card readers, ballot papers, result sheets and other election materials directly undermine Nigerians’ right to participate in elections that are free, fair, transparent, and credible.”

The lawsuit filed on behalf of SERAP by its lawyers, Kolawole Oluwadare, Kehinde Oyewumi, and Andrew Nwankwo, read in part: “These grim allegations by the Auditor-General suggest a grave violation of the public trust, the Nigerian Constitution 1999 [as amended] and international anticorruption standards.”

“According to the recently published 2022 audited report by the Auditor General of the Federation (AGF), the Independent National Electoral Commission (INEC) ‘irregularly paid’ over N5.3 billion [N5,312,238,499.39] ‘to a contractor for the supply of Smart Card Readers for the 2019 general elections’.

“The contract was awarded without prior approval from the Bureau of Public Procurement (BPP) and the Federal Executive Council. The payment was also ‘made without any document. There was no evidence of supplies to the commission.’”


Kindly share this post
Continue Reading

News

FG Inaugurates N40Bn CCTV Control Centre for Third Mainland Bridge

Published

on

Kindly share this post

Federal government has inaugurated a ₦40 billion closed-circuit television (CCTV) control centre for the Third Mainland Bridge in Lagos.

FG Inaugurates N40Bn CCTV Control Centre for Third Mainland Bridge

Speaking at the inauguration on Sunday, David Umahi, minister of Works, said the project followed extensive rehabilitation works carried out on the bridge after the current administration took office in 2023.

“When we came on board in 2023, we met a very terrible Third Mainland Bridge,” Umahi said, adding that the structure, along with Carter and Iddo bridges, required comprehensive re-evaluation and repairs both above and below water level.

He said President Bola Tinubu approved the total rehabilitation of the bridge, including replacement of expansion joints, noting that the completed work had improved driving conditions and extended the bridge’s lifespan.

Umahi said the CCTV system, first announced in 2025, was designed to curb dangerous driving, prevent suicide attempts and strengthen security.

He added that security personnel would monitor live footage from the control centre and enforce speed limits on the bridge.

The minister commended the China Civil Engineering Construction Corporation (CCECC), which executed the project, for what he described as high-quality delivery. He said the contract also included a surveillance boat and two Hilux vans, which would be handed over to the police to support monitoring and rapid response.

“The idea is that we can see everything that is happening on the bridge,” Umahi said, expressing concern over excessive speeding and urging motorists to comply with traffic regulations.

Earlier, Olufemi Dare, federal controller of works in Lagos, said the facility was the first of its kind on any bridge in Nigeria.

He said the system allows real-time monitoring of activities on the bridge and surrounding waters.

Dare said the project includes 240 solar panels, 10 inverters, a 300 KVA transformer, a standby generator, multiple monitoring screens and full air-conditioning for the control centre.

He added that the contract also covers 1,268 solar-powered street lights and a borehole facility.

According to Dare, the project was awarded at a cost of ₦40.17 billion, with about ₦36 billion paid so far to the contractor. He said the current inauguration marked the first phase, with additional commissioning planned once work on the bridge’s extension is completed.

He thanked the president for approving the project and praised Umahi for ensuring due process during its execution.


Kindly share this post
Continue Reading

Trending