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Airtel Connects 27 Universities Under Nigeria’s First NgREN,

Airtel Nigeria, leading telecommunications services provider, has entered into a strategic partnership with Computer Warehouse Group (CWG) to deploy the country’s first Research and Education Network dubbed, ‘Nigerian Research and Education Network’ (NgREN), in demonstration of its commitment to empower Nigerians with the latest mobile Internet and Enterprise Business solutions.
The historic NgREN, an initiative of the Federal Republic of Nigeria, the first Research and Education Network in the whole of West and Central Africa.
It employs Information and Communication Technologies (ICT) to drive inter-institutional communication, collaboration, and shared access to knowledge across national and international boundaries.
The unique program, which will be commissioned by Arch Namadi Sambo, vice president, on Tuesday, July 8th, 2014 at the National Universities Commission, Maitama, Abuja, is an outcome of the National Universities Commission’s partnership with the Committee of Vice Chancellors of Nigerian Universities to establish a foundation that will redefine research and learning in tertiary institutions across the country.
The project also enjoys the support of the World Bank as it seeks to create an elaborate infrastructural backbone to interconnect all research and education institutions in the country and link them with other research and education networks worldwide.
Commenting on Airtel’s role in deploying the NgREN, Segun Ogunsanya, managing director and chief executive officer of Airtel Nigeria, expressed delight at the initiative, saying the program underscores the company’s objective of repositioning as Nigeria’s number one Enterprise Business and mobile Internet service provider and in line with its core corporate philosophy of enriching lives.
He also noted that Airtel is passionate about the development of the education sector in tandem with the company’s major Corporate Social Responsibility agenda.
“At Airtel Nigeria, we are committed to creating an innovative Enterprise Business and mobile communications solutions that will enrich lives and empower Nigerians to fulfill their dreams. Airtel will continue to support programs and initiatives that will deepen learning, research, innovation and digital content in Nigeria,” Ogunsanya said.
In the phase that is ready for commissioning, Airtel Nigeria is connecting the 27 older Federal Universities in Nigeria through the provisioning of 1Gig (Core backbone connectivity across 4 geographical Zones in the country i.e. Kano-Abuja; Abuja-Port Harcourt; Port Harcourt-Lagos and Lagos-Kano and 155mbps from the Regional aggregation point to each of the selected Universities in those Regions and 155mbps Duplex Dedicated Internet Service shared centrally by the selected Universities in those Regions.
The NgREN project is in its first phase and a critical component is the implementation of a full-mesh, high performance national backbone network interconnecting all member campuses to provide state-of-the-art high performance/broadband network with internet access.
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EFCC Arraigns Two FSDH Bank Officials Over $307k, €50k Fraud


EFCC
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AfDB Supports Francophone Africa Start-ups with €6.5M

The African Development Bank Group last week approved an investment of €6.5 million in the Saviu II fund in order to support technology start-ups through their seed phase and first institutional fundraising, mainly in French-speaking Central and West Africa.

The Bank will invest €4.5 million as equity and €2 million as a first-loss hedging tranche on behalf of the European Commission, under the Boost Africa Programme.
This participation of the Bank Group will enable the Saviu II fund to give priority to companies with a strong technological or digital component.
Saviu II, the second investment vehicle of Saviu Partners, plans to invest between €500,000 and €3 million in about 20 technology or technology-oriented business-to-business start-ups in the seed phase or carrying out first institutional fundraising.
The Saviu II venture capital fund aims to make at least 60% of its commitments in the French-speaking countries of West and Central Africa: Côte d ‘Ivoire, Cameroon, Benin, Senegal, Togo, Burkina Faso and Mali.
The fund can also co-invest in promising technology companies in East Africa that have a strong team and business model, and whose strategy includes entering the market in French-speaking West African countries and establishing a strong presence there.
In addition, the fund will devote a dedicated envelope to pre-seed investments, focusing on minority equity investments, usually in co-investment with studios, incubators or other ecosystem partners.
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Nigeria Inks $1.3bn MoU with AFC for Alumina Refinery, Mining Push

Nigerian Government has signed a $1.3 billion Memorandum of Understanding (MoU) with Africa Finance Corporation (AFC) via the Solid Minerals Development Fund (SMDF) to fund an alumina refinery, national geoscience mapping, and a strategic investment vehicle for mining growth.

Special Assistant to the Minister of Solid Minerals Development, Segun Tomori, said the refinery will process one million tonnes of bauxite yearly using a modern Bayer process, powered by an on-site gas-fired cogeneration plant.
Minister Dele Alake called it a transformative milestone boosting GDP, aligning with reforms that improve investment climate, regulations, and licensing to attract private capital. He directed agencies to fast-track permits.
The 20-year project at 95% utilization eyes 19 million tonnes total output, $1.2 billion annual GDP addition, $25 billion economic impact, and $8 billion forex earnings, per feasibility studies.
SMDF Executive Secretary Fatima Shinkafi termed it the agency’s biggest funding deal, supporting value-addition policy.
The partnership extends to geoscience mapping for mineral data, de-risking exploration, and a joint vehicle for mining assets.
Permanent Secretary Engr. Farouk Yabo praised the reforms. Shinkafi signed for government; AFC’s Franklin Edochie for the corporation, witnessed by AFC CEO Samaila Zubairu.
Tomori positioned it as Nigeria’s largest private mining investment and FDI magnet.
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