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Hagen Urges Local IT Services Providers To Tackle Home Needs

African countries such as Nigeria, Kenya, Ghana, Rwanda, Tanzania and South Africa, in cooperation with international developmental agencies, academia, and ICT vendors, are making considerable investments in ICT infrastructure, presenting attractive opportunities for IT service providers in the process.
That’s the conclusion drawn from two studies released on Monday by global advisory services firm International Data Corporation (IDC), which identified enterprise mobility as the main IT services investment priority for South African CIOs, and pinpointed business continuity/disaster recovery (BC/DR) as the key focus area for their counterparts in East and West Africa.
“IDC believes that many of the African initiatives and growth opportunities rely heavily on the rollout of innovative technologies across the continent,” said Lise Hagen, IDC’s research manager for software and IT services in Africa. “Access to communications infrastructure and services has boosted economic opportunities across Africa, and, although late in adopting 3rd Platform technologies like mobile, cloud, big data, and social media, African CIOs are considering such technologies to enable further development across the continent.”
Evidence of careful and due consideration was apparent during IDC’s series of African CIO Summits held earlier in the year.
And in preparation for the dedicated events for South Africa, West Africa, and East Africa, IDC issued a survey to CIOs and other senior IT decision makers in order to better ascertain their future ICT investment priorities.
The resulting research documents provide highlights from the results of the survey, along with IDC analysis of questions that relate specifically to IT and cloud services.
And in order to provide relevant insights, IDC has split South Africa (as a mature IT market) from East and West Africa (as rapidly developing IT markets).
“As the most mature ICT market in Africa, South African organizations are making increased use of IT and cloud services in order to retain existing clients or to attract new clients in what is a very competitive market,” said Hagen.
She added, “Although the pace of growth varies from country to country in the rest of sub-Saharan Africa, considerable IT investments are being made across the continent. Savvy African CIOs are making informed decisions around technologies that will address issues pertinent to their markets. And as African organizations evolve, IT services providers must work to keep pace with the very latest technological trends, adapting them to the unique requirements of the local market while also bringing in global best practices.”
The varying emphasis placed on different technologies in the two studies highlights the disparate requirements of the continent, while also confirming a series of overarching trends.
For example, when asked which key technologies would be incorporated into their IT budgetary planning priorities, South African CIOs responded that their investments would focus on mobility (in the form of mobilizing enterprise apps, BC/DR, and unified communications, in that order.
Meanwhile, their counterparts in East and West Africa identified BC/DR, server virtualization, and advanced security solutions as their immediate priorities.
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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.
News
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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