General News
As many organisations head to the cloud, the first stop might be ‘hybrid’

By Wale Olokodana, Business Group Lead for Cloud and Enterprise at Microsoft Middle East Africa,
Moving to the cloud is not unlike relocating your business to a primepiece of real estate. The benefits are many, but the transition can be tricky. As governments and businesses race to take advantage of cloud computing, they are navigating current and future data regulations, as well ashow to make the most of existing IT infrastructure.
Across the Middle East and Africa (MEA), businesses are prioritising cloud adoption. Research shows most organisations in the Middle East are either using cloud computing services or plan to do so in the next two years. African businesses are following closely, with cloud adoption becoming near pervasive.
With its improved security and cost savings, cloud has become key for businesses looking tocompete in the digital era. But there are sometimes obstacleson the road to digitisation, and this is where hybrid cloud is playing an invaluable role in helping businesses digitally transform.
Hybrid cloud enables businesses to store and process data in their on-premises private clouds and take advantage of a public cloud provider. Hybrid cloud computing is a “best of all possible worlds” platform, delivering all the benefits of cloud computing—flexibility, scalability, and cost efficiencies.
Data regulations and the cloud
One particularly important consideration when it comes to cloud adoption is regulatory compliance, and many of these policies are still being created across MEA.
Countries in the Gulf Cooperation Councilhave begun addressing issues around data privacy at a national level, but as it stands there is no overarching law that deals with data protection in the region. TheAfrican Union Convention on Cyber Security and Personal Data Protectionhas also recently made an appeal for countries to start adopting stricter legal frameworks for data protection purposes.
In Kenya, for example,The Data Protection Bill, 2019, was recentlyenacted and will regulate the processing of personal data and information governed by General Data Protection Regulation (GDPR). Those violating this lawface a penalty notice of up to five million shillings, or in the case of an undertaking, up to two per centum of an organization’sannual turnover of the preceding financial year, whichever is higher.
Future-proofing your IT strategy
Hybrid cloud is helping organisations future-proof their digital strategies, allowing them to explore the benefits of the cloud for data storage and applications, while using their existing on-premises servers forinformation,other applications and data with data residency implications.
It was for this exact reason that Oman Data Park (ODP), a leading IT managed services provider, deployed Microsoft Azure Stack, a hybrid cloud solution. ODP offers hosting, security and cloud services as well as virtual data centre services, leveraging its own data centres in Oman. But when it came to delivering on its digital transformation promises to clients through the provision of Azure services, ODP needed to navigate the Sultanate’s regulatory requirement to store data locally.
So ODP looked to Microsoft to build and deploy hybrid applications, while still meeting local data sovereignty and regulatory requirements.ODP now serves as a digital enabler for other organisations in Oman.
Utilising existing technology investments
Hybrid cloud is particularly important for companies like banks, which have significant existing IT infrastructure investments. With hybrid cloud computing, banks can maintain their mainframe systems while simultaneously adopting new cloud technologies.Banks are usingAzure Stack to link their current systems, while building an intelligent layer of digital services on top. The Microsoft Azure cloud platform then supports scalable hybrid environments for moving between on-premises and cloud computing environments seamlessly.
Sterling Bank is aimed at improving the time-to-market and improving the service quality to its customers. The bank prioritized cloud services, the cloud-first approach was the rationale behind the selection of Microsoft Azure – for building, testing, deploying, and managing applications and services through a global network of Microsoft-managed data centers. So far, the bank has already deployed several products including Fare Pay which is addressing transportation; Specta – a community lending solution which gives out loans in 5 minutes; i-invest which is now a popular product in the market that allows anybody to buy or trade a treasury bill. Another consumer propositions that the bank introduced is OnePay – all which were deployed via Microsoft Cloud.
Is the future hybrid?
Innovations tocloud computing are also making it easier to manage hybrid cloud environments. Microsoft recently launched Azure Arc, enabling businesses to use Azure cloud tools across different cloud and computing services. As most organisations have IT infrastructure spread across multiple datacentres, clouds and edge locations, the ability to run on-premise and multi-cloud environments from one central space is a game-changer.
Not surprisingly,hybrid cloud adoption is expected to accelerate at a rapid pace – confirming that the future of cloud computing may well be hybrid. This is particularly the case in the Middle East which is already outpacing the average global adoption rate.
When deploying from the hybrid cloud, businesses have more control over their IT, improving the latency and reliability of their services. This would makehybrid cloud a particularly attractive option for businesses operating in the Middle East and North Africa, which is one of the most under-represented areas in the world when it comes to per capita Internet connectivity.
As businesses set out on their hybrid cloud journeys, it is important they begin with specific business objectives in mind, considering company needs and priorities. This will help them determine which workloads should be shifted to the cloud.Achieving the right balance between public and private cloud usage involvesseveral different considerations, such as IT budget, regulatory requirements,as well as the nature of different applications and where they are best deployed.
Partnering with a service provider that can manage and integrate your company’s different IT environments canhelp ensure your business optimises its hybrid cloud investment and that,ultimately,the move to becoming a digitally empowered business is much smoother.
General News
MTN Graduates 20 Fellows, Expands Media Innovation Programme

MTN Nigeria, in partnership with Pan-Atlantic University (PAU), marked a significant milestone in advancing Africa’s media landscape with the graduation of 20 Fellows from the MTN Media Innovation Programme (MIP) Cohort 4 held at the Lagos Business School.

MTN
The ceremony celebrated excellence, resilience and forward-thinking storytelling, while also announcing the programme’s expansion into a Pan-African edition beginning next year.
The six-month programme, known for its rigorous coursework, demanding schedule and strong emphasis on critical thinking, included an international study visit to South Africa that broadened participants’ understanding of media innovation across the continent.
The graduation event acknowledged the Fellows’ commitment to completing the intensive journey while strengthening their capacity to influence the future of African media.
Dr. Ikechukwu Obiaya, Dean of the School of Media and Communications, PAU, commended the Fellows for their persistence throughout the programme. “In some moments, it was pretty grueling for some of you, but you made it. You are here, and I congratulate you,” he said.
“He encouraged them to see the graduation as a new beginning, adding, “We have so much to do, and each one of us is best positioned now to make that transformation.”
Tobe Okigbo, Chief Corporate Services and Sustainability Officer, MTN Nigeria, congratulated the cohort on successfully completing the six-month programme and reaffirmed MTN’s long-term vision for the initiative.
He said, “Congratulations on completing this journey. You are joining a network of professionals who are committed to elevating the media landscape in Nigeria and beyond.
“The future of this programme depends on your impact. This cohort represents the outcome we envisioned when the journey began. Today, the programme is not only thriving but also expanding.”
He further announced that the Pan-African edition of the programme will be launched in 2026, providing media professionals across the continent with the same level of immersive training and unique exposure experienced by the Fellows.
A key highlight of the event was MTN Nigeria’s presentation of ₦2.5 million in cash prizes to Fellows whose projects demonstrated exceptional innovation, depth of research and alignment with the programme’s ethos of impactful storytelling. The awards were presented by Chineze Gbenga-Oluwatoye, General Manager, Corporate Affairs, MTN Nigeria, and Odunayo Sanya, Executive Director, MTN Foundation.
Vanessa Ukamaka Richard Bassey, Head of Programmes, Sparkling 92.3 FM, Calabar, emerged as the top winner, receiving ₦1 million for the MTN Foundation Chairman Award for Innovative Reportage and another ₦1 million for the MTN Chairman’s Prize for Innovation. Sharing her experience, she said, “It’s been a training ground. It has opened me up to new things and made me more confident. There’s something about knowledge and information and exposure to your mind and to your esteem. After today, I know there’s nothing to be afraid of.”
Abolaji Adebayo received ₦500,000 for the MIP Cohort 4 Best Report, recognised for its clarity, depth and relevance to national discourse.
Several Fellows shared how the programme has reshaped their careers. Adekeye Ayobami of Abamimigo FM described the programme as arriving at the perfect moment, aligning with his recent career elevation.
Ubani Amarachi of Channels TV highlighted the value of the South Africa trip, noting that it transformed her approach to telling African stories and reinforced her belief that graduation marks the beginning of greater responsibility and impact.
The graduation of the MIP Cohort 4 Fellows, coupled with the announcement of the Pan-African edition, reinforces MTN Nigeria’s long-standing commitment to strengthening the media ecosystem through education, exposure and innovation.
The partnership between MTN Nigeria and Pan-Atlantic University continues to serve as a catalyst for developing media professionals equipped to shape narratives, advance societal progress and drive meaningful change across Africa.
General News
FirstCap Acts as Joint Issuing House on Veritasi Homes & Properties Plc’s ₦30 Billion Bond Programme

FirstCap Limited, a premier investment banking business and a wholly owned subsidiary of FirstHoldCo Plc, acted as Joint Issuing House and Placing Agent on the Veritasi Homes & Properties Plc’s Series 1 Bond of ₦10 billion under its ₦30 billion Bond Programme duly registered with the Securities and Exchange Commission (SEC).

The Bond Programme is designed to support the development of Project Oyster Towers, located within Eko Atlantic City. Proceeds from the Series 1 Bond issuance are expected to be applied towards the construction of 30 luxury residential units, forming part of an 82-unit residential development comprising one-bedroom, two-bedroom, and three-bedroom apartments.
Veritasi Homes & Properties Plc is an indigenous real estate development company with operations across Lagos State and the Federal Capital Territory, Abuja, and a growing track record in the delivery of residential real estate projects in Nigeria.
Commenting on the transaction, Ukandu E. Ukandu, Managing Director/Chief Executive Officer of FirstCap Limited, stated:
“We are proud to partner with Veritasi Homes & Properties Plc on this important transaction. The establishment of the ₦30 billion Bond Programme reflects our commitment to mobilising capital for the real estate sector, which remains a key driver of Nigeria’s economic growth. Project Oyster Towers exemplifies the future of luxury and sustainable living in Nigeria, and this transaction reinforces FirstCap’s role as a trusted advisor in major corporate finance initiatives.”
FirstCap’s involvement in the Bond Programme further reinforces our dedication to supporting the growth of the Nigeria’s real estate sector. The successful execution of this transaction highlights the depth of expertise within our capital markets team and our role in supporting issuers in accessing long-term funding solutions aligned with their strategic objectives.
By continuing to connect capital providers with high-impact infrastructure projects such as Project Oyster Towers, we remain committed to driving economic development and delivering long-term value for all stakeholders, Ukandu added.
General News
NITDA DG Calls for Innovation-Led Economic Rebirth @ Kano Startup Weekend

Kashifu Inuwa, the Director General of the National Information Technology Development Agency (NITDA), has called for a fundamental shift in Kano State’s economic strategy, urging stakeholders to embrace innovation, technology and collaboration as the drivers of growth in the 21st century.

Speaking at the Kano Startup Weekend, Inuwa acknowledge Kano’s long-standing reputation as the commercial nerve centre of Northern Nigeria and the wider Sahelian region, noting that its history of trade, enterprise and human capital provides a solid foundation for future growth.
He emphasised that while these strengths powered Kano’s success for centuries, the modern economy now offers even greater opportunities through innovation and technology.
He described innovation as the process of transforming ideas into impactful solutions through commercialization, stressing that when ideas are effectively deployed, they create value, solve societal challenges and generate sustainable economic growth. He noted that Kano’s large market, strategic location and vibrant entrepreneurial culture place it in a strong position to take advantage of innovation-driven opportunities.
According to him, “Innovation is the process of taking an idea from inception to impact. Invention on its own is a cost centre, but when you commercialise an idea, when you turn it into a product or service that solves a real problem and creates value, that is when you begin to drive economic growth and inclusion.”
He noted that the state hosts numerous degree-awarding institutions across federal, state and private ownership, providing a strong base for human capital development. However, he expressed concern that these institutions often operate in isolation from industry, with research outputs rarely translating into commercial or industrial applications.
He explained that innovation does not happen in silos and stressed the need for a strong, interconnected ecosystem that brings together academia, industry, startups, entrepreneurs and government.
According to him, universities should conduct research informed by industry needs, industries should leverage research to improve productivity and competitiveness, and startups should serve as the bridge that converts ideas into market-ready solutions.
He further encouraged entrepreneurs to leverage technology to build businesses that can grow beyond local markets, explaining that innovation-driven enterprises have the power to scale rapidly, create jobs and position Kano competitively at both national and global levels. According to him, digital platforms and emerging technologies now make it easier for startups to reach wider markets and develop solutions that were previously unimaginable.
“You can start your business here in Kano, but your thinking must be global from day one. Technology has removed barriers. With the right skills and platforms, a startup in Kano can build solutions that serve not just Nigeria, but the world,” he noted.
Highlighting NITDA’s ongoing interventions, the Director General outlined the Agency’s commitment to building national innovation capacity through targeted human capital development programmes. He cited the Digital Literacy for All (DL4ALL) initiative, which aims to equip Nigerians across all segments of society with essential digital skills, and the 3 Million Technical Talents (3MTT) programme, designed to produce a pipeline of globally competitive technical professionals in areas such as software development, data analysis and emerging technologies.
He said, “Through DL4ALL, we are ensuring that Nigerians at all levels have the basic digital skills needed to participate in the digital economy, while 3MTT is deliberately building a pipeline of globally competitive technical talents who can drive innovation, create jobs and attract investment.”
He explained that these programmes are key pillars of President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritises skills development, innovation, job creation and inclusive economic growth as pathways to national prosperity. According to him, empowering Nigerians with digital and technical skills is essential for building a resilient economy capable of competing in the global digital landscape.
“President Tinubu’s Renewed Hope Agenda is about investing in people, empowering them with relevant skills and creating opportunities for inclusive growth. At NITDA, we are using digital skills and innovation as tools to translate that vision into real economic impact for Nigerians,” he said.
Inuwa urged all stakeholders in Kano to work together to build a functional innovation ecosystem that can unlock the state’s vast potential. He expressed confidence that with the right mindset, strong collaboration and sustained investment in digital skills and innovation, Kano can reclaim its historic leadership role and emerge as a major innovation and entrepreneurship hub in Nigeria and beyond.
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