News
Global Start-ups to Compete in $600,000 Rocket Fuel Start-up Pitch Competition at LEAP22

Start-ups from around the world are being invited to go head-to-head to win a share of a USD $600,000 prize fund at the Rocket Fuel Start-up Pitch Competition, and to pitch their businesses to powerhouse VCs and leading international investors.

The competition will be held as part of LEAP, the world’s largest debut technology event, which will take place in Riyadh, Saudi Arabia in February 2022.
Entries are now open for the Rocket Fuel Start-up Pitch Competition, which will challenge start-ups in a pitch contest to find some of the most exciting and impactful new businesses from around the world. Ninety start-ups will be invited to pitch their business ideas live on stage during LEAP on 1st and 2nd February.
The finalists will have just five minutes to present their best pitches to a panel of international and local investors during LEAP, and convince them that they have what it takes to be one of the top 10 businesses who will go into the Grand Final on 3rd February.
These 10 best entrepreneurs will then get another chance to showcase the merits of their businesses, scored on creativity, innovation, potential, functionality and impact on people and society. The winner will be presented with the LEAP Award for the strongest, most outstanding start-up across the whole competition, and will be awarded the grand prize of $200,000.
The finalists will also compete for three other awards, including The Shooting Star Award for best early-stage start-up, which will win $100,000; the Aviatrix Award for best female-led start-up; and the Technology for Humanity Award for the start-up that best embodies the spirit of LEAP “Technology for Humanity”. The winners of these awards will each receive a prize of $150,000.
LEAP has assembled a world-class judging panel of celebrity investors and business leaders to assess the Rocket Fuel Pitch Competition contestants and put them through their paces. The panel will include: Steven Bartlett, businessman, speaker, investor and content creator, best known for the BBC’s Dragons’ Den; Baroness Karren Brady, business executive and television personality; James Caan, entrepreneur and television personality; Kelly Hoppen, interior designer, author and entrepreneur; Michael Salgado, retired Real Madrid footballer and celebrity investor; Dr. Nabeel Koshak, CEO and board member of the Saudi Venture Capital Co., a prominent Saudi academic, entrepreneur and angel investor, and Hattan Ahmed, Director of Entrepreneurship at King Abdullah University of Science and Technology (KAUST)
“Innovation and entrepreneurship are at the core of the technology sector, so it is fitting that the Rocket Fuel Start-up Pitch Competition will recognize some of the best start-ups worldwide as part of LEAP. Saudi Arabia is developing its own booming start-up ecosystem, supported by the Saudi government and private investors, and we look forward to welcoming outstanding international start-ups to join us in Riyadh for LEAP,” said H.E. Eng. Haitham Alohali, Vice Minister at Ministry of Communications and Information Technology.
“I am honoured and excited to be speaking at LEAP, which brings together the worlds of technology, entrepreneurship and innovation all in one place,” said Steven Bartlett, Founder of Social Chain and an investor on BBC One show Dragons’ Den.
LEAP is the largest debut technology event in history, taking place from the 1st – 3rd of February 2022 in Riyadh, and is set to become a truly global platform for the entire innovation ecosystem, connecting pioneers and disruptors with business and government leaders, entrepreneurs, investors and more to experience and learn about the technologies of the future.
The Rocket Fuel Start-up Pitch Competition is taking place as a part of LEAP’s Investor Program, which will connect local and international VC investors and funds through an exclusive line-up of matchmaking, networking and investment events that will take place during LEAP.
The investor program will include workshops, 1-on-1 meetings and after-hours functions, to connect VCs and funds from the Middle East region with new tech-focused investment opportunities, as well as supporting local start-ups to explore potential new sources of funding from outside the region.
“LEAP will feature an extensive, dedicated program of activities for investors in line with Saudi Arabia’s aims of developing its own entrepreneurial ecosystem and technology industry. Informa is very excited to be organizing the program and the Rocket Fuel Start-up Pitch Competition to showcase the ingenuity and business potential of local and international start-ups and to connect them with a global investor audience,” said Michael Champion, Regional Executive Vice President – MEA at Informa.
Entries for the Rocket Fuel Start-up Pitch Competition close on 18th January 2022.
News
NITDA Partners OGP to Drive Presidential Digital Goals

The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, CCIE, has reaffirmed Nigeria’s commitment to open governance, transparency and inclusive digital development as the Open Government Partnership (OGP) team formally presented the award and certificate received at the OGP Global Summit Spain 2025 to the Agency’s leadership.

Nigeria emerged as the overall global winner in the Digital Governance category in recognition of the country’s excellence in deploying digital tools and policies to strengthen government transparency, accountability, and citizen engagement. In addition, Nigeria received the Regional Award for advancing Open Digital Governance across Africa and the Middle East, reaffirming its leadership role in promoting open government principles and driving digital transformation across the region.
These recognitions were largely attributed to initiatives led by NITDA in collaboration with civil society partners, such as Dataphyte, which showcased innovative and inclusive approaches to digital governance at the summit.
The summit, which was organised in Vitoria-Gasteiz, Spain, brought together more than 1,500 high-level representatives of governments, civil society leaders, and policymakers from around the world to exchange experiences, best practices, and progress on open government initiatives and implementation on key issues.
Receiving the OGP delegation at NITDA, Inuwa described the recognition as a national honour rather than an institutional one, stressing that the award reflects Nigeria’s collective efforts across government, civil society and the private sector in advancing open governance principles through the digital space.
According to him, such global recognition comes with heightened responsibility to deliver on commitments made under the OGP framework.
“This is not just about NITDA. It is a national recognition, and every recognition comes with responsibility,” the DG said.
“If we fail to execute the commitments we have made, it will not only affect our image locally but also at the international stage. This is also not something NITDA can do in isolation,” he added.
Inuwa linked the achievement directly to the Renewed Hope Agenda of President Bola Ahmed Tinubu, noting that digital transformation, transparency, economic diversification, job creation and efficient public service delivery remain central presidential priority areas.
He emphasised that leveraging digital technologies to deepen openness and accountability aligns with national objectives of strengthening institutions, improving governance outcomes and building trust between government and citizens.
Highlighting the importance of collaboration, the NITDA boss underscored the role of the OGP platform as a catalyst for a strong multi-stakeholder approach in Nigeria’s digital ecosystem.
He called on civil society organisations, development partners, the private sector and other government institutions to provide technical expertise, guidance and sustained engagement to ensure effective implementation of agreed commitments.
“We need to leverage the OGP platform. We need your expertise, your guidance, your support and your commitment to hand-hold us in delivering on these commitments,” he said.
He further noted that “a multi-stakeholder approach in the digital space is critical to fostering a resilient ecosystem that delivers real value to citizens.”
Inuwa disclosed that NITDA has already begun internal reviews of its OGP commitments and has tasked its representatives, including Dr Rousseau, to work with colleagues to develop a clear execution strategy.
He proposed the creation of joint work streams with OGP stakeholders to support implementation, ensure accountability and keep all parties on track.
“We are humans. Oversight and collaboration help us stay focused. With commitment, nothing is impossible, and I believe these goals are achievable,” he added, assuring the delegation of NITDA’s readiness and political will to deliver on all agreed commitments.
Inuwa also welcomed the idea of engaging the political leadership of OGP, including the Honourable Minister of Budget and Economic Planning, with a view to briefing President Tinubu on the achievement. He noted that celebrating milestones is important, as it reinforces morale and demonstrates that Nigeria’s efforts in digital governance are gaining global recognition.
“It’s also good when there are wins, we should celebrate, because we too never knew that the little things we are doing are noticed not just within Nigeria, but globally, to the extent of earning us this award,” he asserted.
He concluded by expressing gratitude to the Nigerian National OGP Secretariat and the global OGP leadership, reaffirming NITDA’s commitment to strengthening collaboration and building a more productive working relationship that will translate open governance principles into measurable national impact.
Earlier in his remark, Mr Olusoji Apampa, who led the OGP deelegation, said the honours were earned through a strong partnership between government and civil society, with NITDA playing a critical role, particularly in commitments focused on improving digital governance in Nigeria.
Apampa expressed hope that the awards would serve as added momentum to deepen ongoing commitments under NITDA’s leadership and accelerate the practical implementation of reforms aimed at strengthening digital governance across the country.
News
PalmPay Launches N400 Million World Travel Carnival, Rewarding Users with Free Global Trips

PalmPay, Nigeria’s leading digital banking platform, has announced the launch of its ₦400 million festive rewards campaign, designed to reward users with cash prizes and fully sponsored international travel experiences for everyday transactions on the PalmPay app.

The campaign will run from December 17, 2025, to January 8, 2026. The campaign is designed to reward everyday transactions with extraordinary experiences. It runs alongside PalmPay’s Purple December brand campaign, which focuses on wrapping up the company’s key brand and community initiatives for the year.
At the centre of the rewards campaign is the PalmPay World Travel Carnival, an interactive card collection experience that allows users to earn city cards by completing transactions on the app. Users are required to collect five city cards – London, New York, Dubai, Sydney, and Cape Town and combine them into a World Card, which unlocks a share of the prize pool.
The more World Cards a user creates, the larger their share of the cash rewards. Any extra uncombined cards can be swapped with friends and other PalmPay users to help complete additional World Cards.
Beyond cash rewards, the Carnival also offers Free Global Trips. In each round, the top two users with the highest number of eligible transactions (₦100 and above) and at least one World Card will win an all-expense-paid international trip.
The travel grand prize covers:
- Visa fees
- Round-trip international airfare
- 5-day, 4-night hotel accommodation
- Side attraction
- Meal expenses
- Airport pick-up and drop-off
- All transportation for scheduled tour activities during the trip
Winners will be determined through a transparent leaderboard system, with prizes credited automatically at the end of each round on December 25, December 31, and January 8.
Participation is simple:
- Complete tasks on the PalmPay app, such as Airtime, Data, Transfers, and other specific transactions listed in the app, to earn cards.
- Collect all five city cards.
- Swap cards with friends to complete your collection.
- Combine cards to form a World Card and earn cash rewards.
- Perform more transactions to climb the leaderboard for a chance at the global trip prize.
To ensure fairness, PalmPay has instituted strict rules: no cheating, bots, fake accounts, or manipulation. Any violations may lead to disqualification or account bans. Additionally, the Free Travel Prize is limited to one per user throughout the campaign.
Speaking on the launch, Femi Hanson, Head of Marketing & Communication, “This festive rewards campaign is about turning everyday banking into meaningful value for our users. With the World Travel Carnival as the headline activation, we are reinforcing PalmPay’s promise of being the smarter way to bank—where smart financial decisions unlock bigger opportunities.”
News
REA, NBS Partner to Deliver Comprehensive Energy Data for Nigeria

The Rural Electrification Agency (REA) and the National Bureau of Statistics (NBS) have signed a Memorandum of Understanding (MoU) to conduct a nationwide energy survey aimed at closing long-standing data gaps in Nigeria’s power sector. The initiative is expected to guide policy, attract investment, and accelerate universal electricity access.

Signed in Abuja, the agreement establishes a National Energy Survey based on the Multi-Tier Tracking Framework (MTF), a globally recognized methodology that measures electricity access not only by grid connection but also by quality, affordability, reliability, and usage of electricity and clean cooking solutions.
The survey will be implemented under the Energy Sector Management Assistance Program (ESMAP) of the World Bank. Dr. Abba Aliyu, REA Managing Director/CEO, said the partnership underscores REA’s commitment to evidence-based rural electrification planning and will generate detailed insights on electricity access and off-grid solutions nationwide.
Prince Adeyemi Adeniran, Statistician-General of the Federation/CEO of NBS, emphasized that reliable statistics are essential for effective policymaking, assuring that NBS will provide technical oversight, sampling expertise, and quality assurance to meet global standards.
The survey will assess energy access, household affordability, expenditure patterns, and the adoption of off-grid technologies such as solar home systems, mini-grids, and clean cooking solutions. REA will provide sector expertise and policy alignment, while NBS manages regulatory approvals, methodology, and technical supervision.
Funded and technically overseen by the World Bank, the exercise will run for 18 months, with the resulting data expected to improve national energy planning, programme targeting, and private sector investment, particularly in underserved and rural communities.
Officials said the collaboration reflects the Federal Government’s commitment to strengthening inter-agency coordination, enhancing energy data availability, and advancing Nigeria’s goal of universal electricity and clean cooking access.
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