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Microsoft Ventures, 88mph Partner to Support Startups in Nigeria

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Microsoft, in partnership with 88mph, announced the expansion of the Microsoft Ventures program into Nigeria.

As part of the 4Afrika Initiative, the collaboration will help improve startups’ productivity by offering tools, resources, expertise and routes to market around the world.

This expansion builds on the success of the first partnership in Kenya, announced in October 2013.

“There is a great opportunity to further develop the startup ecosystem in Nigeria and drive innovation,” said, Amrote Abdella, director of Startup Engagement and Partnerships, Microsoft Africa Initiatives.

“By expanding Microsoft Ventures into Nigeria, we hope to reinvent productivity for startups. This means equipping them with the technology that puts their businesses first, by providing affordable devices, cloud-based software and pay-as-you-go models, that enable anytime-anywhere access.”

Startups for the program will be selected based on globally established criteria.

These include having a full-time founding team, a bold vision for tackling a real problem, technology-driven solutions and less than $1 million raised.

“While working with Microsoft in Kenya, we found we were very aligned on finding businesses that deliver value to consumers, helping bring them to profitability, and hopefully getting more investors interested in web/mobile businesses,” said Kresten Buch of 88mph.

88mph and a reputable Nigerian seed fund, L5Lab, created a Joint Venture called 440.ng, to invest in startups in Nigeria. “It’s still early days here and not a lot of players in this space, so we are thrilled that Microsoft wants to support our efforts here as well,” Buch concluded.

Microsoft Ventures was first launched in June 2013 as a coordinated global effort to help startups get off the ground.

Microsoft Ventures accelerators currently operate in Bangalore, Beijing, Berlin, London, Paris, Seattle and Tel Aviv with partnerships with 3rd party accelerators in Moscow, São Paulo, Washington DC, Chicago, San Francisco, Rio de Janeiro, Bulgaria, Kenya among other cities and now Nigeria.

“88mph is a leader in a region where entrepreneurism is thriving and a great source of economic good. The Microsoft Ventures team is proud to be partnering with them in Nigeria and we hope to contribute to the success of 88mph, the startups they support, and the country as a whole,” added Cliff Reeves, senior Director, Microsoft Ventures.

One Nigerian startup who has already benefitted from the partnership with 88mph is Abiola Olaniran, founder of mobile games company Gamsole. To date, Gamsole has over 9 million game downloads, making Abiola Nigeria’s highest paid Windows game developer.

Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realise their full potential.

88mph, on the other hand, is a seed fund and accelerator investing in startups that target the African markets.

With 35 investments in Kenya and SA, 88mph has teamed up with L5Lab to create 440.ng, investing in 9 startups in 2014.


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E-Business

NITDA, NIMC Partner for Seamless Data Exchange Capabilities

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National Information Technology Development Agency (NITDA) and the National Identity Management Commission (NIMC) have announced a collaboration on National Public Key Infrastructure (PKI) and Digital Public Infrastructure (DPI) to enhance synergy between digital identity, payment ecosystems and secure seamless data exchange capabilities for Nigeria.

NITDA, NIMC Partner for Seamless Data Exchange Capabilities

l-r: Kashifu Inuwa, Director General of NITDA, and Bisoye Coker-Odusote,  Director General of NIMC, during the meeting at the NIMC headquarters in Abuja..

NITDA, which made the announcement on its X handle, said that the collaboration was to further strengthen Nigeria’s digital economy in line with President Bola Tinubu’s Renewed Hope Agenda,

During the meeting, Kashifu Inuwa, director general of NITDA, and Bisoye Coker-Odusote, director general of NIMC, with some management staff of both organisations, discussed various initiatives, which include building DPI stacks for a secured and seamless data exchange and forming partnerships to transform the national identity system.

This collaboration also aims to harness the potential of the innovative ecosystem and emphasise the use of public-key infrastructure (PKI) to drive digital transformation in Nigeria.

To ensure a smooth implementation, a 12-man committee was set up.

This committee will play a crucial role in kickstarting and harmonising the initiatives and is expected to deliver a comprehensive implementation report within the next 4 weeks.

 

 


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E-Business

Expert Urges FG to Harmonise NIN, BVN to Tackle Crimes

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Noble Ajuonu, head, Sydani Technologies Ltd., has urged the Federal Government to harmonise National Identification Number (NIN) and Bank Verification Number (BVN) to tackle crimes and insecurity in the country.

Expert Urges FG to Harmonise NIN, BVN to Tackle Crimes

Ajuonu made the call at a media roundtable, organised by Sydani Group in Abuja.

The News Agency of Nigeria (NAN) reports that the roundtable focuses on driving sustainability through a comprehensive analysis of Nigeria’s key development areas.

Ajuonu said that Nigeria could overcome its security challenges and pave the way for a safer, more secure future for all Nigerians by embracing technology and implementing practical solutions,

“We need to harmonise data, prioritise seamless integration of databases like NIN, BVN, and security agency records, establish clear protocols for data sharing and access, with robust safeguards against misuse,’’ expert said.

According to him, the unified data pool will empower intelligence gathering and targeted operations.

He also called for investments in smart surveillance, intelligent video analytics software, training of personnel in data analysis, interpretation of data in real-time to combat crimes.

“There is need to implement a legal framework for call interception in criminal investigations, with strict oversight to prevent abuse, encourage community cohesion, training of tech savvy security personnel with tech-enabled tools.’’

Ajuonu also urged the government to address infrastructure deficit in technology, saying that technology was all encompassing to address insecurity.

“According to the National Identity Management Commission (NIMC), as of December 2023, only 104.2 million Nigerians had been enrolled for the National Identity Number (NIN).’’

Ajuonu added that over 122.2 million citizens left uncaptured for NIN were people in rural areas where enrolment centres, digital services were limited.

“Most crimes are being perpetuated from rural communities and this lack of comprehensive identification creates a gap where elements not captured in the national database can constitute public nuisance, crimes.

“There is the inadequacy in the integration of NIN, BVN and Voters Identification Number (VIN).

“Advanced call interception and analysis tools, used successfully in other countries, could provide invaluable insights into criminal networks and operations but infrastructure is lacking,’’ he said.

Also, Mr Godfrey Petgrave, the Agricultural Expert, Sydani Group, called for empowerment of smallholder farmers with access to finance and training to enhance productivity.

According to Petgrave, Nigeria requires policy reform and institutional strengthening to improve agricultural practices and embrace digital agriculture solutions to address food insecurity.

Mr Akolade Jimoh, another expert of the group on health, advocated for expanded community-based health insurance programmes for rural and underserved areas.

Jimoh added that the country needed to encourage Public Private Partnership to revolutionise products design and quality improvement on health services.


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Konga launches Infinix Brand Week with Incredible Deals

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Konga, Nigeria’s leading composite e-commerce group, is thrilled to announce the launch of amazing deals at its Infinix Brand Week. Infinix, a leading global smartphone brand known for its innovative products and cutting-edge technology promises exclusive discounts and special offers on select smartphones, marking an exciting milestone in the realm of online shopping.

Shoppers can expect nothing short of extraordinary deals on a wide range of Infinix products, all available exclusively on the Konga online platform. With discounts of up to 30% off, this partnership between Konga and Infinix aims to redefine the shopping experience for tech enthusiasts across Nigeria.

Konga Brand Week has become synonymous with excitement and unbeatable deals, and this year’s edition is no exception. In addition to exclusive discounts on Infinix smartphones, shoppers can explore a diverse array of products across various categories, including electronics, fashion, home essentials, and more.

“At Konga, we are dedicated to providing our customers with the best shopping experience possible,” said Rita Ohaedoghasi, VP Marketing at Konga. “The Infinix Week during Konga Brand Week allows us to continue delivering on that promise by offering incredible discounts and special offers on some of the most sought-after smartphones in the market.”

To stay updated on the latest developments and exclusive deals during Konga Brand Week, shoppers are encouraged to connect with Konga across all platforms, including social media and the Konga website. Don’t miss out on this opportunity to score big savings and elevate your tech game with Infinix and Konga.


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