Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

E-Business

NITDA Emphasizes on Regional Collaboration @ GITEX Africa

Published

on

Kindly share this post

The National Information Technology Development Agency (NITDA), has reiterated the need for regional collaboration in accelerating digital transformation across Africa, provide opportunities that can propel the continent into a digital era of innovation and inclusive development.

GITEX Africa maiden edition of technology exhibitions in the region, brings together industry leaders, policymakers, entrepreneurs, and innovators to discuss and showcase advancements in technology.

The event provides an ideal platform for organisations to promote dialogue, showcase innovative solutions, and forge partnerships to harness the potential of the digital age. NITDA’s participation focuses on fostering collaborations, sharing best practices, and addressing the challenges hindering Africa’s digital growth.

Kashifu Inuwa, CCIE, Director General of NITDA, represented by Dr. Aristotle Onumo, Director of Corporate Planning and Strategy, participated at the two Panel Sessions themed: “Accelerating Digital Transformation in Africa: Strategies, Challenges and Opportunities” and “Fast Tracking to an Integrated and Inclusive Digital Public Infrastructure.”

In his presentations, Dr. Onumo discussed the role of technology in driving economic growth, job creation, and digital economy development on the continent.

He highlighted the need for African countries to invest in digital infrastructure, skills development, and policy reforms in order to reap the full benefits of digital transformation.

Onumo also stressed the importance of collaboration between governments, academia, industry, venture capitalist, and the tech community in order to accelerate digital transformation in Africa.

He called on African countries to work together to develop common standards and regulations for the digital economy, and to promote the adoption of digital technologies across all sectors of the economy.

He further alluded to the progress made through African Free Trade Agreement and African Smart Alliance and called for a sustained effort towards a common digital identity for Africa.

He also highlighted the challenges that Africa faces in terms of digital transformation, noting that one of the biggest challenges are the lack of adequate infrastructure, digital skills as well as digital inclusion, and pointed out that there is a need for more investments in human capital development.

Despite these challenges, Onumo said that Africa as a continent has the potential to become a major player in the global digital economy. He called on all stakeholders to work together to overcome the challenges and to seize the opportunities that digital transformation presents.

He shared NITDA’s insights and expertise on digital transformation, especially the development of National Digital Economy Policy and Strategy (NDEPS), and NITDA’s Strategic Roadmap and Action Plan (SRAP 2021-2024).

He stated that, “Technology is a key driver of economic growth and job creation in Africa. We need to invest in digital infrastructure and develop our own digital strategies in order to fully reap the benefits of the digital revolution.”

“Public-private partnerships are essential for driving digital transformation in Africa. We need to work together to create a more inclusive and sustainable digital future for the continent,” he added.

He reiterated that NITDA is committed to supporting the digital transformation of Nigeria and Africa, adding that, the agency is working with governments, private sector, and the tech community to develop and implement policies, programmes, and initiatives that will accelerate digital transformation on the continent.

“An example of such collaboration is in the development of the Nigeria Startup Act which the ecosystem regards as the game changer that will further catalyse the industry and make Nigeria a global startup destination”, he further stated

The panel sessions were made up of experts  and representatives from governments, businesses, and the tech community from across Africa. The discussions were lively and productive, and there was a clear consensus among the participants that digital transformation is essential for Africa’s economic development.


Kindly share this post

Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

E-Business

BPP Partners NDPC to Strengthen Data Protection

Published

on

Kindly share this post

Dr Adebowale Adedokun, director-general, Bureau of Public Procurement (BPP), has reaffirmed the bureau’s commitment to data protection in Nigeria.

BPP Partners NDPC to Strengthen Data Protection

He disclosed this in a statement at the weekend by Zira Nagga, head of Public Relations, BPP, following a courtesy visit by a delegation from the National Data Protection Commission (NDPC).

Adedokun stressed that data protection is vital to Nigeria’s economy and development, particularly in areas such as demography, health, education, and other key sectors.

He emphasised that no country should leave its data unprotected, as it plays a crucial role in future planning and national development.

“Data governs the world. It is essential to technological progress and must be protected for a country or business to be taken seriously,” he said.

Adedokun described the visit, aimed at fostering partnership on data policy implementation and protection, as timely and aligned with national goals.

He said the BPP would collaborate closely with the NDPC to boost data development, capacity building, and enhance the procurement system.

“The BPP will support compliance as part of the ‘Nigeria First’ Policy, although it is not a core procurement eligibility requirement,” he explained.

He suggested a hybrid training model to help build strong capacity in data protection, privacy awareness, and policy understanding.

According to him, a dynamic training approach will reduce logistics costs and improve public confidence in data safety and privacy.

Dr Vincent Olatunji, CEO, and national commissioner, NDPC, praised Adedokun and the BPP for supporting data protection initiatives.

He said the partnership supports President Bola Tinubu’s vision and will strengthen data privacy across Ministries, Departments, and Agencies (MDAs).

“The collaboration will create awareness and train BPP staff to ensure a firm grasp of data protection principles and policies,” he stated.

Olatunji said the NDPC would establish a working group to finalise a Memorandum of Understanding beneficial to both institutions.

He added that President Tinubu signed the NDPC into law on 12 June 2023 to uphold citizens’ rights and protect national and business data.

Olatunji also noted that strict legal measures were in place to enforce data protection and ensure full compliance nationwide.

Both agencies agreed to form a team to sign the MoU and focus on capacity building and data management in procurement and beyond.

 

 


Kindly share this post
Continue Reading

E-Business

FG Mulls Fibre Optic Layout to Bridge Internet Gaps

Published

on

Kindly share this post

President Bola Tinubu said that his administration has initiated a project to install fibre optic cables across the country, aimed at enhancing the socio-economic development of Nigeria.

FG Mulls Fibre Optic Layout to Bridge Internet Gaps

His plans were contained in a speech he delivered at a joint session of the National Assembly in commemoration of Democracy Day on Thursday, June 12.

He said the fibre optic layout is part of other projects being embarked on.

“In addition, we have embarked on an ambitious project to lay fibre optic cables across the nation, a transformative step toward bridging the digital divide and fostering greater connectivity.

“This initiative promises not only to enhance the speed and reliability of internet access but also to revolutionise how businesses operate, how students learn, and how communities stay connected,” Tinubu stated.

He maintained that by extending this critical infrastructure, his government is empowering entrepreneurs, enabling digital education, and providing the tools for our youth to compete in a globalised world.

In a most recent report on Internet connectivity, The ICIR pointed out how Nigeria has faced setbacks in its deployment of fibre optic cables and needs a transformation.

The challenges revolve around vandalism, inadequate coordination between road construction and telecom infrastructure, and varying right-of-way (RoW) charges across states.

Among industry experts, these issues impact network outages, increase repair costs, and hinder broadband expansion efforts.

It has also further threatened the digital economy, leading to slower Internet speeds, dropped calls, and unreliable connectivity among others.


Kindly share this post
Continue Reading

E-Business

African Startups Raised $345m in Funding in May

Published

on

Kindly share this post

African startups raised more than $345 million across 65 deals in May, more than double the amount raised in the same period of last year, according to a report by Briter, a research and business intelligence firm.

The report disclosed that both the number of deals and participating companies declined, confirming a growing trend of fewer companies raising funds in larger sizes.

It said fintech attracted the highest share of funding in May, accounting for 34 percent of the total, while cleantech followed closely, driven by a debt deal from Sun King. The company raised $80 million (in local currency) to expand clean energy access in Nigeria.

“Equity remains the primary instrument in terms of total value. There’s no doubt about it; in fact, equity deals with disclosed amounts captured more than half of the total funding volume in May.

“However, debt financing is increasingly proving its weight. Although it accounted for only 8 percent of all deals, it represented 32 percent of the total funding, highlighting the typically larger size of debt transactions. With the rise of specialised vehicles targeting early-stage businesses, debt is becoming an increasingly important part of Africa’s innovation funding landscape,” it said.

Briter’s report added that grants continued to play a vital role in early-stage support, especially in the education technology (EdTech) sector. The Mastercard Foundation led the pack in grant activity, funding a new cohort of EdTech innovators in Nigeria and Kenya. Each selected startup is set to receive $100,000 in grant funding, in addition to mentorship and business development support.

Multilaterals also made a strong showing in May, it said. The Multilateral Investment Guarantee Agency (MIGA), a World Bank Group member, issued a $179.6 million guarantee to CleanTech firm KOKO Networks. The support will help scale its clean energy solutions across Kenya.

“This deal not only demonstrates growing international confidence in African climate ventures but also signals a promising pathway for other asset-intensive startups in clean cooking, agriculture, and renewable energy,” the report said.

From a geographic perspective, Egypt emerged as the continent’s fundraising powerhouse for the month, contributing 51 percent of all funding raised. The country recorded 12 deals across equity, debt, and bond instruments. Notably, FinTech platform MNT-Halan raised $50 million through a bond issuance, further illustrating the diversification of capital-raising mechanisms in the region.

Outside Egypt, funding was distributed across Africa’s three other key markets, which are Egypt, Nigeria, and Kenya, with limited activity recorded in countries such as Ghana, Tunisia, Morocco, and Uganda, each registering between one and three deals.

In terms of exits, the African tech landscape continues to mature. Three companies—Baobab+, Qardy, and Shopa—were acquired in May, bringing the total number of exits this year to 22. This already surpasses last year’s count for the same period. Qardy was acquired by Catalyst Partners Middle East (CPME) in a disclosed deal valued at $23 million, the report added.

 


Kindly share this post
Continue Reading

Trending