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Encomiums CWG Launches Tier-3 Center in Lagos, Charts Future with CWG2.0

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Computer Warehouse Group (CWG Plc), leading pan African information and communication technology conglomerate, has  launched a Tier 3 Ultra-Modern Data Center, in line with improving Africa’s economy with Information Technology.

The state-of -the art Data Center, situated at Lekki phase 1, Lagos  is specifically built to provide a platform for CWG’s cloud computing business as well as offer excess capacity to enterprise, especially banks for use as a Disaster Recovery Data centre on a co-location basis.

It is also expected that budding online companies such as Jumia and Konga with immense technology requirements shall also avail themselves of the facility.

CWG’s Data Center is equipped with state of the art N+1 power and environmental management infrastructure, which provides a combined generating capacity of 0.7MVA.

To ensure incoming mains power is conditioned and available at all times, there are redundant and Modular 250KVA Uninterruptible Power Supply (UPS) systems.

The UPS also function as bull-mark against power surges and blowout.

Addressing the guests, Mr. Austin Okere, chief executive officer, CWG Plc unveiled the future direction of the company, tagged CWG 2.0.

According to Okere “having majorly completed the pillars for our IT as a Service (ITaaS) strategy, namely creating a platform for rapid Pan African growth and repositioning our service model to cater to the new cloud computing mind-set, we are on target to achieve our objective of being the the number 1 IT Utility enabler in Africa by launching three cloud services in Nigeria; the MTN SaaS for Microfinance banks in conjunction with MTN Nigeria, the Diamond Yello Account bringing Financial inclusion to the 55 million MTN Mobile subscribers in partnership with MTN and Diamond Bank, and the CWG SMERP (a vertically modular Enterprise Resource Planning application for Micro, Small and Medium scale enterprises (MSME), which can be used on a subscription basis by hotels, hospitals, spare-parts dealers Farmers etc.”

“We consider the refocusing of our business into a subscription based model as a dual advantage play. In addition to being a more sustaining strategy, it maximizes our social impact investing on the economy of Africa, and helps to create jobs by empowering entrepreneurs. This in essence defines the new CWG PLC, which we have christened CWG 2.0” he continued.

“MSMEs are regarded as the engine of economic growth. Statistics show that there are 17m+ MSMEs in Nigeria. This compares overwhelmingly with the 260 listed companies on the stock exchange. Without accurate business records, they are unable to generate the accounting reports that banks and financial organizations can depend on to provide financing. Without credit, they are unable to grow their business aggressively.

CWG SMERP can provide these organizations with a strong foundation for growth and sustainability and also provide these firms the opportunity to exploit the internet to access a bigger market. The substantial cost of utilizing ICT is a big barrier for these firms to take advantage of ICT to grow their business” Okere remarked.

Describing the explosive impact that MSME’s can have on the economy if properly supported, Okere remarked rhetorically ‘do you know that by just employing only one additional staff each, the 17m MSME would have created 17million jobs?’

On payments, he explained “We require payment only on a subscription basis which completely removes the CAPEX requirements of ICT usage.

 For effective nationwide coverage, we will use a franchise model to enable smaller IT firms and consultancies to assist the MSMEs as business support organizations, and by so doing spur a secondary growth in IT MSMEs which will create thousands of additional jobs”, he concluded.

Speaking at the Data Center Launching, Dr. Ernest Ndukwe, former executive vice chairman, Nigeria Communications Commission (NCC) stated that CWG’s Ultra-modern Data Centre in Lagos is timely, and a leap frog that will aid customers, especially the small and medium enterprises (SMEs).

He also stated that CWG is known for integrity and consistency, and over the years has maintained a strong leadership position in the IT industry which has culminated in several awards by industry watchers.

The recent listing on the Nigerian stock exchange is a testimony of the maturity of the company and shall be a beacon for other companies to follow.

He reminisced coming to launch the CWG VSAT hub in early 2000, before the celebrated boom in the telecoms industry. He remarked that CWG has remained relevant as a result of her innovativeness and subscription to global best practices.

 “They have demonstrated the capabilities of leadership through their various achievements in the recent times, especially with their listing on the NSE and now the commissioning of this ultra-modern Data Center facility.” He said.

He further stated that; Data Centre is relevant in the today’s IT world and CWG’s state of art Data Center will benefit, not just the current customers, but the SMEs for whom CWG has developed  a special package to support their businesses with ICT.

“These are heartwarming developments.  CWG should look beyond Nigeria and Africa; they can go places, especially now that connectivity binds us together,” Ndukwe said.

Engineer Lanre Ajayi, president of Association of Telecommunication Companies of Nigeria (ATCON), said that, CWG has proven its competence as an indigenous company in Nigeria, adding that it has become a pace-setter in the industry.

“Due to their pragmatic efforts, CWG has motivated many other local firms. The launching of this data center is a big step in the right direction. Connectivity is the life wire of any such Data Center. Therefore, CWG should incorporate other stakeholders like NiRA that hosts the .ng to ensure that the expected customers make use of this important infrastructure,” he said.

Ajayi added that with such Data Centers coming up in the country, the rate of capital flight, connectivity, routing and other issues that have bedeviled the industry are been minimized.


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E-Business

FG Mulls Fibre Optic Layout to Bridge Internet Gaps

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President Bola Tinubu said that his administration has initiated a project to install fibre optic cables across the country, aimed at enhancing the socio-economic development of Nigeria.

FG Mulls Fibre Optic Layout to Bridge Internet Gaps

His plans were contained in a speech he delivered at a joint session of the National Assembly in commemoration of Democracy Day on Thursday, June 12.

He said the fibre optic layout is part of other projects being embarked on.

“In addition, we have embarked on an ambitious project to lay fibre optic cables across the nation, a transformative step toward bridging the digital divide and fostering greater connectivity.

“This initiative promises not only to enhance the speed and reliability of internet access but also to revolutionise how businesses operate, how students learn, and how communities stay connected,” Tinubu stated.

He maintained that by extending this critical infrastructure, his government is empowering entrepreneurs, enabling digital education, and providing the tools for our youth to compete in a globalised world.

In a most recent report on Internet connectivity, The ICIR pointed out how Nigeria has faced setbacks in its deployment of fibre optic cables and needs a transformation.

The challenges revolve around vandalism, inadequate coordination between road construction and telecom infrastructure, and varying right-of-way (RoW) charges across states.

Among industry experts, these issues impact network outages, increase repair costs, and hinder broadband expansion efforts.

It has also further threatened the digital economy, leading to slower Internet speeds, dropped calls, and unreliable connectivity among others.


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African Startups Raised $345m in Funding in May

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African startups raised more than $345 million across 65 deals in May, more than double the amount raised in the same period of last year, according to a report by Briter, a research and business intelligence firm.

The report disclosed that both the number of deals and participating companies declined, confirming a growing trend of fewer companies raising funds in larger sizes.

It said fintech attracted the highest share of funding in May, accounting for 34 percent of the total, while cleantech followed closely, driven by a debt deal from Sun King. The company raised $80 million (in local currency) to expand clean energy access in Nigeria.

“Equity remains the primary instrument in terms of total value. There’s no doubt about it; in fact, equity deals with disclosed amounts captured more than half of the total funding volume in May.

“However, debt financing is increasingly proving its weight. Although it accounted for only 8 percent of all deals, it represented 32 percent of the total funding, highlighting the typically larger size of debt transactions. With the rise of specialised vehicles targeting early-stage businesses, debt is becoming an increasingly important part of Africa’s innovation funding landscape,” it said.

Briter’s report added that grants continued to play a vital role in early-stage support, especially in the education technology (EdTech) sector. The Mastercard Foundation led the pack in grant activity, funding a new cohort of EdTech innovators in Nigeria and Kenya. Each selected startup is set to receive $100,000 in grant funding, in addition to mentorship and business development support.

Multilaterals also made a strong showing in May, it said. The Multilateral Investment Guarantee Agency (MIGA), a World Bank Group member, issued a $179.6 million guarantee to CleanTech firm KOKO Networks. The support will help scale its clean energy solutions across Kenya.

“This deal not only demonstrates growing international confidence in African climate ventures but also signals a promising pathway for other asset-intensive startups in clean cooking, agriculture, and renewable energy,” the report said.

From a geographic perspective, Egypt emerged as the continent’s fundraising powerhouse for the month, contributing 51 percent of all funding raised. The country recorded 12 deals across equity, debt, and bond instruments. Notably, FinTech platform MNT-Halan raised $50 million through a bond issuance, further illustrating the diversification of capital-raising mechanisms in the region.

Outside Egypt, funding was distributed across Africa’s three other key markets, which are Egypt, Nigeria, and Kenya, with limited activity recorded in countries such as Ghana, Tunisia, Morocco, and Uganda, each registering between one and three deals.

In terms of exits, the African tech landscape continues to mature. Three companies—Baobab+, Qardy, and Shopa—were acquired in May, bringing the total number of exits this year to 22. This already surpasses last year’s count for the same period. Qardy was acquired by Catalyst Partners Middle East (CPME) in a disclosed deal valued at $23 million, the report added.

 


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Human Hacking: When Cyber Criminals Target You

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By Nancy Werteen

When you get anti-hacking advice, you’ve probably heard “Don’t use a simple password,” or “Don’t plug in that USB you found on the ground.”

Human Hacking: When Cyber Criminals Target You

But there’s one form of hacking that doesn’t always require a computer, and it costs businesses about 4.88 million dollars a year.

Modern hackers aren’t trying to get into your computer; they’re trying to get into you.

“They’ll try to learn about you a little bit, and they’ll try to use that information against you to try to get you to complete some action, maybe to send somebody some money,” said Kevin Moran, PhD, Assistant Professor of Computer Science, Cyber Security and Privacy Cluster, University of Central Florida.

IBM calls this human hacking, because it exploits human error instead of system error.

“With people just being busy and maybe not very carefully checking some of the emails or the phone calls that they get, can be something unfortunately that people can fall victim to,” said Moran.

Also known as social engineering, this often takes the form of phishing, where the hacker tries to “fish” the information out of you by impersonating family, friends, or even your bank.

There’s also baiting, where the hacker baits you with something of value. Remember the Nigerian prince scam?

That’s a famous example of baiting. There’s also pretexting, where the hacker will claim the victim has already been hacked, and that the hacker can fix it if you just send over your passwords. So, what can you do?

“Just as a rule of thumb, instead of clicking on links and emails, just go to the website yourself. And that will prevent, a lot of these types of attacks from happening,” explained Moran.

Phishing can take many forms.

Spear phishing targets people with access to confidential information, often to get access into an entire business, and whale phishing targets CEOs or political figures.

Search engine phishing is when hackers create fake websites promising services or goods you’ll never receive.

Angler phishing is when hackers create fake social media accounts impersonating famous people or companies.

Finally, vishing and smishing is phishing done through phone calls and texts respectively.

 

 

 

 

 


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