News
Gates Foundation Announces $30m AI Investment for Africa

Bill Gates, co-chair, Bill & Melinda Gates Foundation, has announced that the foundation will invest $30 million in a new artificial intelligence platform in Africa.

Gates made the announcement, yesterday, at the Grand Challenges annual meeting, hosted by the Bill & Melinda Gates Foundation and its partners, in Senegal.
Attending the meeting were more than 1,400 scientists, policymakers, and donors.
Grand Challenges, the foundation’s flagship innovation programme, was launched in 2003 and focuses attention and funding on major global health and development issues affecting the world’s poorest people, using open calls for proposals to crowdsource potential solutions.
At this year’s gathering in Dakar, several new efforts to assist Africa-led innovation were unveiled, including an investment in an AI platform.
The platform will provide technical and operational assistance to African scientists and innovators, so they can turn potential ideas into scalable health and development solutions.
According to Gates, it is a step towards ensuring that the advantages of artificial intelligence are relevant, inexpensive, and accessible to everyone – particularly those in low- and middle-income countries – and that key technologies are produced safely, ethically, and fairly.
The foundation will continue to collaborate closely with technical partners and governments to expand the platform and seek possibilities to collaborate on AI for health and development.
According to the foundation, the investments announced at the meeting come with an urgent call for countries to increase funding to make health and development innovation research and development (R&D) easier and faster, and to make the next generation of scientific and technological breakthroughs relevant and accessible to all.
The Bill and Melinda Gates Foundation said while overall health R&D funding is increasing, just two percent of such funding is dedicated towards diseases affecting the world’s poorest people.
In 2020, the foundation said, that the annual funding gap for product development targeting poverty-related and neglected diseases was estimated at $2.6 billion.
At the meeting in Dakar, Gates called for the world to spend at least $3 billion more on global health and development R&D each year in order to close critical funding gaps for neglected diseases.
“New health technologies have the potential to save millions of lives, but R&D funding is going in the wrong direction,” he said. “Donors need to step up their commitments to ensure health innovations reach those who need them more quickly, so more lives can be saved.”
Moussa Balde, Senegal’s Minister for Higher Education, Research and Innovation, added: “Over the past two decades, global investments in a pipeline of innovative solutions helped reduce childhood deaths under five by half.
“But lifesaving innovations still take too long to reach those who need them and are not always designed with equity from the start.
“Grand Challenges Senegal continues to invest in the country’s brightest scientists and innovators, and we are pleased to be part of this global network of Grand Challenges partners investing in locally led solutions to ensure innovations, including in health, education, and agriculture, benefit everyone equally.”
News
Ogbaga, Abuja Lawyer to Sue Telcos, DStv over Alleged Unfair Practices

Ogba Ogbaga, an Abuja-based lawyer, has said that he has been instructed to institute legal proceedings against MTN Nigeria, Airtel Nigeria, Globacom, 9mobile and MultiChoice Nigeria, operators of DStv, over what he described as unfair consumer practices relating to expiring data bundles and television subscriptions.

In a statement posted on Facebook, Ogbaga said his law firm, GIMBG Legals, received instructions from its client, KAA, also known as KaaTruths, to challenge the companies’ subscription policies in court.
According to him, the proposed suit will question whether telecom operators and DStv’s subscription models comply with provisions of the Federal Competition and Consumer Protection Act (FCCPA) 2018 and other applicable laws.
Ogbaga alleged that telecom providers operate internet data services that are unfair to consumers, claiming subscribers sometimes do not receive the services they paid for but still lose their subscriptions once the validity period expires.
He also criticised DStv’s subscription model, arguing that consumers lose paid viewing time due to factors such as power outages, adverse weather conditions and service interruptions, while subscriptions continue to count down regardless.
“Our clients have complained that MTN data services are unduly one-sided,” Ogbaga said, adding that the legal action would also extend to other telecommunications providers and DStv.
He said the court action would seek judicial determination on whether the companies’ subscription practices comply with consumer protection laws.
The lawyer also invited interested legal practitioners to collaborate on the case, saying his firm would provide updates as the matter progresses.
In a separate Facebook post on Wednesday, Ogbaga said previous policy discussions, town hall meetings and debates at the National Assembly had failed to address the concerns raised by consumers.
He argued that telecom operators regularly carry out maintenance and network upgrades that temporarily disrupt services without extending customers’ subscription periods, while DStv subscribers also lose viewing time because of electricity outages and weather-related disruptions.
News
NAICOM Issues New Licences to 43 Recapitalized Insurers

The National Insurance Commission (NAICOM) has commenced the issuance of new licence certificates to insurance companies that successfully met the industry’s new minimum capital requirements, marking the formal beginning of a new regulatory era aimed at strengthening the financial capacity, governance and global competitiveness of Nigeria’s insurance sector.

At a ceremony held at the Commission’s headquarters in Abuja, the Commissioner for Insurance, Olusegun Ayo Omosehin, presented the new licence certificates to compliant operators, describing the exercise as a major milestone in the industry’s recapitalisation programme.
According to the Commission, a total of 43 insurance companies declared compliant with the new capital requirements are expected to receive the new licence certificates in phases.
Omosehin congratulated the successful companies, saying the issuance of the new licences signals the beginning of a stronger regulatory framework anchored on improved capitalisation, sound corporate governance, innovation and sustainable growth.
He urged operators to leverage their enhanced capital base to develop innovative insurance products, improve operational efficiency and deepen insurance penetration across the country.
The Commissioner said the Commission expects the recapitalised companies to deliver stronger financial performance while maintaining high standards of professionalism and customer service.
He also announced that NAICOM’s next major regulatory initiative would be the implementation of the Risk-Based Capital (RBC) framework, under which insurers’ capital levels would be aligned with the risks inherent in their respective business portfolios.
According to him, the new framework will further strengthen the industry’s resilience by ensuring that insurers maintain capital commensurate with the risks they underwrite, thereby enhancing policyholder protection and boosting market confidence.
Omosehin reaffirmed the Commission’s commitment to removing regulatory impediments where necessary while maintaining effective oversight to safeguard policyholders and strengthen confidence in the insurance market.
The issuance of the new licence certificates marks the commencement of a phased transition to higher capital standards aimed at improving the financial capacity, solvency and claims-paying ability of insurance companies operating in Nigeria.
News
Nigeria CommunicationsWeek Retracts Story on Pan African Towers Litigation

Management of Nigeria CommunicationsWeek Media has withdrawn its publication titled “Adefolarin Ogunsanya and the Allegations of Shareholder Interference and Self-Dealing at Pan African Towers,” which was published on its platform.

The decision to retract the story follows an editorial review to ensure that the platform maintains the highest standards of accuracy, fairness and responsible journalism in reporting matters that are the subject of ongoing judicial proceedings.
Nigeria CommunicationsWeek acknowledges that the issues raised in the publication remain before the courts and have not been finally determined.
Accordingly, the organisation has decided to remove the article from its platforms pending the conclusion of the legal processes or the availability of additional verified information.
The publication regrets any inconvenience or misunderstanding the report may have caused to readers or any individuals or organisations mentioned in the story.
Nigeria CommunicationsWeek remains committed to the principles of balanced, factual and ethical journalism and will continue to uphold professional standards in its coverage of judicial and corporate governance matters.
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