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Nigeria Needs Broadband Connectivity – Van Schalkwyk

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 Jacques Van Schalkwyk, general manager Sub-Saharan Africa at Intel Corp has emphasized the need for government to pay attention to broadband connectivity by making sure that the right regulatory environment is put in place with the right spectrums and bandwidths  being allocated. He said also that the right policies should be made around education.
Schalkwyk, observed the hunger and high desire for the adoption of new technologies in Nigeria and said Intel as a matter of fact is ready to collaborate a lot more with both the private and public sector in a bid to jointly tackle some of the big issues than what had been seen in the past. Looking at it from the usage models perspective, Schalkwyk said “you will observe that this is also evolving. For instance, media delivery over the Internet is becoming a reality.”

“Nigeria is increasingly becoming a more focused usable society as well for people to communicate with relatives abroad or business people to exchange ideas. But there are some challenges like credit systems being in state of instability. However, there is somewhere to go. In general, I think the feedback I am getting is that the latest technologies are being implemented; there is really the intent for that change to happen. And people are striving step by step forward to drive change”, Schalkwyk disclosed

Speaking on competition, he said mobile is going very fast and that mobile technology market will continue to grow. The overall growth even in a fairly tight environment and the available market according to him is becoming impressive and promising.  He said this year was a particularly tough year everywhere in the world but, there have been good signs of recovery, even in Nigeria believing that the growth and transformation are as a result of the adoption of technology all over the world.

Van Schalkwyk explained Intel’s involvement in corporate social responsibility and said there is a component of corporate social responsibility in Intel as it is essentially a company that is concerned about the well-being of the communities where it operates. At the same time, he said if you look at the activities they are involved in, you notice they are drivers for ICT adoption and growth. “At the end of the day, ICT adoption means more PCs being sought. So I think it is creating the man and also doing the right thing. It is good business because it has to do with human development.” he said.

Keeping afloat in the era of economic recession, Schalkwyk foresees demand especially in the consumer market coming back worldwide saying there are two drivers of this new development. First, according to him  are the new users coming to the Internet, and that is what we mean by connecting the next one billion people; people who never owned laptops before, who are buying new laptops into their homes.
Another component, he said  obviously is a very fresh market. There are a number of reasons for people to do that which are hinged on usage models, the process in demand behind those usage models. Just look at the digital camera for instance; every year new cameras come with higher mega pixels. Video conferencing is becoming a reality. People are skyping. We shall continue to see new people come into the Internet. We shall continue to see new usage models evolving for that niche technology. Intel will continue to invest in future technologies.
How do you react to Intel’s domination of the market?
We certainly do not see ourself intensely dominating but we do compete rather fairly. And as we drive new technologies, we want to be leaders, help in developing communities and continue to sponsor programmes that will encourage and promote technology adoption.
How committed is government in all of these partnerships?
Like every other place in the world, government has so much money to spend at any given time. Everybody would want to have a government that is rich enough. With my experience in Nigeria working with the government, it is not deliberate for the government to delay in the adoption of technology. One area I think we have to look at and which needs attention and acceleration, is broadband connectivity. We should make sure that the right regulatory environment is put in place and that the right spectrums and bandwidths are allocated. We should make sure too that the right policies are made around education. Those are some of the challenges that cannot be tackled overnight.
How successful is the Computer for All Nigerians initiative (CANi)?
CANi is successful and continues to run; I can’t be specific about the volumes behind it. The programme is up and running. But I don’t think that should be an indicator of the slowdown within technology adoption because we see a share of our business which was traditionally a government thing shifting; and of course the revenue shifting towards the consumer. At the end of the day, the CANi products will end up in the hands of the consumer.
At the time CANi was launched, there were no PC retail shops in the country but all that has changed now as you can now see retail shops selling PCs. This you couldn’t see about four years ago. It has now become a consumer market. And if that is the end result then, CANi has done a good job.
Intel is always upgrading its products, why is this so?
Technology has increased in performance and the price over the years has actually dropped. Certainly, new technologies have benefited the consumer. The reason why we are still in business is because we bring out new technologies. Companies who do not innovate, who do not maintain leadership, how can they expect competition, which is the core of business? And there is a specific need for that evolution. There is an absolute need to continuously innovate.

 


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AXA Mansard Empowers Female SMEs with Financial, Digital Skills

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AXA Mansard, a member of AXA has empowered 200 female Small and Medium Enterprises with financial literacy and digital business skills.

In collaboration with SME 100 Africa, the two-day training, which was held in Lagos, is part of AXA’s lined-up programmes to commemorate this year’s International Women’s Day.

Speaking, Olusesan Ogunyooye, Head of Marketing AXA Mansard, said the training was aimed to empower female SME owners with skills to improve business output and position them for the increasing economic opportunities available in an increasingly digital marketplace.

Ogunyooye noted that the move was in line with AXA Mansard’s sustainability agenda, explaining that the company was convinced that support for women through its inclusive protection programmes was pivotal to its purpose of acting for human progress by protecting what matters and its mission of moving from being a payer to a partner.

He further said that focusing on digital skills was important because the company realised the importance of digital skills to the growth of the SME sector in Nigeria and wants to ensure that women were empowered enough to be a consequential part of that growth.

“It’s almost trite to say that SMEs are the engine for economic growth, especially in developing countries like Nigeria, where over 45 million adults are business owners. What needs to be continually discussed is how Nigeria is going to unlock that potential for economic development and how much of that potential will be unlocked by women and for women.”

“For us at AXA Mansard, we are aware that digital will play a major role in unlocking these current opportunities and Nigeria’s economic future. So, to ensure that women are equally represented in unlocking these future potentials, that’s why we have collaborated with SME 100 Africa to support them in developing the required skills”.

“Our choice of digital and financial literacy skills is deliberate. We understand the power of the duo. We understand that helping these SMEs with the skills to attract more customers will be a faster means to empower them.

“We see that they have amazing products and services, but they need to understand how to attract value for themselves by attracting the right customers, and you will agree with me that virtually all customer segments are online in one way or another today.

“So, if we can empower them with digital business skills, we would have helped them with the heavy lifting of trying to find and attract customers”. Ogunyooye explained.

According to him, AXA Mansard believes that for the world to experience progress truly, there must be an equitable distribution of creation and access to opportunities for men and women. This quest for balance informed the SHE for Shield initiative, a women-centred inclusive protection programme of AXA Mansard.

SHE for Shield is a group of initiatives designed for the Nigerian woman. The goal is to see them grow, add value, and help them mitigate risks at every step.

According to the company, research has found that access to health care is one of the most important things to Nigerian women, regardless of their economic segment. They desire to be financially independent, secure, and respected in the community.

 


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IFC Invests in New 4DX Ventures Fund to Support Tech Startups in Africa

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IFC is investing $10.5 million in a new fund by 4DX Ventures, a New York-based venture capital firm focused on supporting early-stage African technology companies across a broad set of sectors, including fintech, e-commerce, edtech, climate tech, and health tech.

IFC’s investment in 4DX Ventures Fund III will come from IFC’s $225 million venture capital platform, which was launched last year to strengthen emerging VC ecosystems and invest in early-stage companies in Africa, the Middle East, Central Asia, and Pakistan.

Africa is among the regions least served by venture capital, receiving just 2% of global venture deal volume in the third quarter of 2023. Access to capital on the continent has been further exacerbated by a slowdown in global venture capital investment.

Tech ecosystems are nascent, or even nonexistent, outside of more established markets such as Egypt, Kenya, Nigeria, Senegal, and South Africa.

“IFC and 4DX Ventures share the commitment to supporting tech entrepreneurs with innovations that will help Africa leapfrog in critical areas such as climate, health care, fintech, e-commerce, and education,” said Walter Baddoo, Co-Founder and General Partner of 4DX Ventures.

“We look forward to partnering with IFC to help promising tech startups build transformative businesses and realize sustainable development impact on the continent.”

4DX’s new fund will invest in companies with tech solutions that can improve productivity, efficiency and competitiveness across Africa. The firm’s first two funds invested in companies such as Egypt-based e-commerce platform MaxAB, an IFC portfolio company; Ghana-based health tech firm mPharma; and Kenya-based B2B e-commerce platform Wasoko, formerly known as Sokowatch.

“By supporting the development of tech ecosystems in emerging markets, IFC’s venture capital platform aims to improve access to key services, boost business competitiveness, and promote job creation through digital transformation,” said Mohamed Gouled, Vice President of Industries at IFC.

“Our investment in venture funds such as 4DX Ventures will help African entrepreneurs access more financing and resources they need to scale tech innovations and bolster sustainable growth across the continent.

In addition to providing capital, IFC will work with 4DX Ventures to implement their environmental and social management system.


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Climate Action Africa Announces CAAF24

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Climate Action Africa (CAA) has announced the inaugural convening of the Climate Action Africa Forum (CAAF24). This international event brings together stakeholders from across the world who drive thought leadership insights on how to encourage collaboration, catalyse actionable solutions, and urge governments, businesses, and individuals to invest in climate-smart initiatives.

The climate-focused event was announced at last week’s Friday international press conference held at the prestigious Transcorp Hilton Abuja. This marks a significant milestone in Africa’s journey towards a sustainable future. A precursor to the upcoming Climate Action Africa Forum scheduled for June 17-19, 2024, at the Landmark Events Centre in Lagos, Nigeria, this press conference brought together leaders, experts, and stakeholders from across the globe. The gathering’s main goal was to discuss the urgent need for sustainable development plans and climate-smart investments in Africa.

Framed by the theme “Green Economies, Brighter Futures: Innovating and Investing in Africa’s Climate-Smart Development,” the international press conference became a vibrant platform for insightful discussions, strategic collaborations, and impactful engagements. It convened an esteemed gathering of leaders, experts, and stakeholders to explore solutions for Africa’s pressing environmental challenges.

The event kicked off with a welcome address by the Executive Director and Co-founder of Climate Action Africa, Grace Mbah, who having announced the commencement of event registration as April 2nd, 2024, made the call for tech-driven solutions and innovations in the fields of emissions reduction, transportation, agriculture, energy, circularity and building and construction to apply to participate in the deal room.

Providing insights to attendees on how innovative approaches and collaborative action is at the heart of CAAF24, she extended an opportunity to like minded organisations who would like to partner by hosting side events and finally, a call for volunteers from across the continent.

“It’s no news that the world stands at a critical juncture, where decisive action is imperative to mitigate the adverse impacts of climate change. Against this backdrop, CAAF24 serves as a pivotal platform for key stakeholders to engage in meaningful discourse, and forge collaborative pathways towards a greener, more sustainable future.

The essence of CAAF lies in its commitment to shaping a climate-resilient Africa through co-creation, innovation, and sustainable investment. Through this initiative, we aim to catalyse solutions that enhance the sustainability and prosperity of the continent’s natural resources, people, and economies,” Grace stated.

During the International Press Conference, distinguished speakers and thought leaders emphasised the urgent need for collective action in tackling Africa’s climate challenges.

They delved into critical topics like renewable energy, sustainable agriculture, biodiversity conservation, and climate finance, offering practical insights and inspiring initiatives.

Jummai Vandu, representing the National Council on Climate Change, expressed optimism about the initiative’s outcomes. “Today’s discussions,” she said, “underscore the urgency of our collective efforts to combat climate change. The National Council believes working together is key to driving meaningful action and creating a more sustainable future for Africa and beyond.”

With the International Press Conference complete, the stage is set for CAAF24. Stakeholders will converge to translate ideas into action, forge partnerships, and drive progress towards a climate-smart Africa.

Mrs. Taiwo Fashipe, Head of Media for the Presidential CNG Initiative (P-CNGi), echoed similar sentiments, stating: “The theme of this year’s Climate Action Africa Forum aligns with our goals, vision, and mission at the Presidential CNG Initiative.

“We look forward to using this platform to advance interest in and investment in greener and cleaner energy sources like CNG.”

Standing at a crucial juncture in Africa’s quest for sustainable development, CAAF24, convened by Climate Action Africa in partnership with the National Council on Climate Change, Channels Media Group, and Founder Institute, emerges as a beacon.

It brings together the private and public sectors, guiding the continent towards a future marked by resilience, prosperity, and environmental stewardship.

 


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