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Michael Dell Kicks Off Dell Technologies World 2018

Michael Dell, Chairman and CEO of Dell Technologies kicked off one of the IT industry’s premier events, Dell Technologies World 2018.
An expected 14,000 visitors gather this week to experience how the industry leading Dell Technologies businesses will play a fundamental role in helping them envision and realize their digital future.
In addition to the largest-ever collection of onsite Vegas attendees for the show, an additional 35,000 from around the world are expected to participate through live streamed and on-demand virtual Dell Technologies World video experiences.
“Dell Technologies World is our opportunity to share our vision of technology as the driver of human progress in every corner of the world,” said Michael Dell, chairman and CEO, Dell Technologies.
“We will showcase ways, big and small, our customers are using technology to change the world for the better, whether through a reimagined process or a reimagined industry. We talk often about technology solving our greatest challenges, and we’re making more progress more quickly than ever before.”
Customers continue to embrace Dell Technologies as their essential infrastructure company in increasing numbers.
Dell Technologies will showcase a range of significant announcements throughout the week, highlighting key business priorities and extending the industry’s most comprehensive and innovative portfolio – from edge to core to cloud– to help customers more quickly reach their desired state.
“Our customers are responding to the power of our combined company, creating good momentum as we kick off 2018,” said Jeff Clarke, vice chairman, Products and Operations, Dell. “We currently have the No. 1 worldwide market share in key areas like servers and storage.
When the first calendar quarter 2018 industry market share numbers are final, we expect to increase our worldwide PC market share for the 21st consecutive quarter, and gain share in servers and storage.
We have exciting announcements planned across our portfolio at this year’s event that are driving this leadership and our customers’ digital transformation, ultimately resulting in better business outcomes.”
Digital transformation is fundamentally changing how every business in every industry is built and operated.
Dell Technologies World reflects the increasing need of IT practitioners to have a one-stop shop for the essential infrastructure they need to build their digital future, transform IT and protect their most important asset — information. 94% of last year’s attendees said they would recommend attending to their peers, 92% say this event has a “great return on investment” and 95% said they’re more effective at work after having attended.
Bringing together its award-winning portfolio of companies and solutions, Dell Technologies World delivers the latest emerging trends, technology and gurus, from the edge to the core to the cloud.
During the event, experts from Dell, Dell EMC, Pivotal, RSA, Secureworks, Virtustream and VMware will be on hand to demonstrate the connected ecosystem of IT infrastructure, applications, devices and security that can enable real transformation across their organizations.
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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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