The fact that a Nigerian is the richest black man in the world further proves that there is money to be made in Nigeria.
Also, a reasonable proof that Nigeria presents huge potential for entrepreneurs and investors stems from the abundance of successful entrepreneurs who started from scratch and built massive business empires without leaving the shores of Nigeria, like Aliko Dangote, Cletus Ibeto, Femi Otedola, Orji Uzor Kalu, and so on.
They have moved on in spite challenges, especially the slow pace of the Federal Government to galvanize the economy in supporting them.
The most affected in the lukewarm attitude of the leaders are the “middle class” entrepreneurs or innovators, whom, from all indications; the Federal Government has no plan to better their worth.
The “upper-class” entrepreneurs or innovators have, succulently, endeared themselves to the hearts of the government. They have metamorphosed to become part of government convoys during international business trips.
The “lower-class” is made of up school leavers, start ups; a focus on ICT industry with iDEA centers as case study, shows they are made up of developers who are full of ideas but lack the marketing milieu to push forward.
Thus, the Federal Government in 2013, among other steps, set up the Information Technology Developers Entrepreneurship Accelerator (IDEA) incubation centres in Lagos and Cross Rivers States.
The primary objective is to facilitate the development of the software industry in Nigeria through the provision of office space, mentoring, software development and testing tools and support grants, “to young entrepreneurs”.
So, what is left for the middle-class entrepreneurs? Apparently, they feel the blunt of inadequate security, inconsistent government policies, inability to access funds, lack of governmental support, transportation challenges and the most horrible situation of intellectual property theft.
PetVini Global Concepts Limited has, apparently joined the league of companies like Zinox Computers, Computer Warehouse Group (CWG), Omatek, Brian, just to name a handful, by genuinely and steadily unleashing innovations aimed at salvaging the Nigerian market and Nigerians from the hands of unperturbed international bigwigs.
Today, PetVini, established by Mr. Peter Asolo and the winner of Beacon of ICT Technology Innovative Company Of The Year 2012 powered by Nigeria CommunicationsWeek, recently upgraded the Nigeria’s mobile devices market and other household gadgets like tablets, two-way radios, energy saving and rechargeable bulbs, and others in the offing.
The Company has developed a number of innovations like Hot-selling GPS tracking watch phone PG66-G, Ordinary Wrist watch phone and Steel Wristwatch phones as far back as 2004.
Speaking to Nigeria CommunicationsWeek on the features of the innovations that meet needs of real-time GPS monitoring of positioning /timing positioning Tracking (SMS/GPRS/TCP/UDP), Asolo said that Hot-selling GPS tracking watch phone PG66-G, specifically, supports the mobile phone, touch screen, Camer, mp3/mp4 player; supports real-time monitoring of positioning/base station auxiliary positioning and supporting single location and continuous tracking support to achieve real-time positioning/ positioning/timing positioning.
“This is the kind of tool our security agencies need, especially in the present security challenges. For instance, this device offers real-time path tracking that can be corrected to seconds and supports GPS / SMS / PC / phone-client queries, SMS and the Internet to check the location information, Google plane and satellite maps.
“It has emergency alarm/electronic Geophones alarm/remote monitoring/lower battery alarm and records playback history contrail, SOS function. With this device you can remote monitor the locations with high sensitive microphone, can monitor the person tracked who do not disturb, real-time tracking.
Meanwhile, the ordinary wrist watch phone and steel wristwatch phones are also recommended for industrial and household usage. He added that in-spite the ruggedness of the watches, PetVini products are covered by warantes.
With its e-Governance solutions, for instance, PetVini has successfully automated the Akwa “Ibom State Judiciary System; a feat that has earned it many accolades.
“With our long list of strategic partners-MoblPay, USA, Hodi Technologies, China, iWay Africa, Nigeria, KMYChina, LiQi Intelligent Technology, China, we are ready for more exploits in 2014,” Asolo told Nigeria CommunicationsWeek.
PetVini is widely known, particularly, outside the shores of Nigeria, for various value added services (solutions) which range from interactive TV to mobile information, mobile banking, revenue generation, bulk SMS, advertisement.
They also develop, deploy and manage software applications such as: mobile payment support and deployment solutions; security and surveillance solutions; ecommerce solutions; educational portal and solutions; enterprise resource planner for hotels, hospitals, MDAS, and other organisations ; we sell and deploy IT/ICT hardware such as; Vsat equipments; networking equipments; systems units and computer parts and accessories.
Jumia Partners Reckitt Benkiser, Nokia, Others to Enable Consumers Access Quality Products
Jumia has launched a Brand Festival campaign in partnership with top global brands such as Reckitt Benkiser, Unilever, Nokia, Intel, HP, Nexus, Hisense, Sharp, Samsung, Binatone, XIAOMI, ABSOLUT, Dettol, and Logitech.
The campaign which is scheduled to run from September 21st to 27th, will provide consumers access to top quality products directly from the manufacturers, eliminating all third parties, thereby reducing the cost of the products, which will enable consumers to save money.
Jumia Nigeria CEO, Massimiliano Spalazzi, said: “The aim of the campaign is to enable our consumers to save more money while getting the best quality products directly from the brand manufacturers. Consumers today are more conscious of the quality of the product they buy on Jumia, and at the same time want to save money while shopping.
In the wake of COVID-19, we have continued to strive to operate so that consumers can continue to stay at home, use e-commerce to shop, and stay safe in this trying time. We are proud to partner with Unilever, Nokia and other top brands as part of our commitment to provide customers easy access to quality products directly from the manufacturers at best prices.
Head of Key Accounts and e-Commerce at Reckitt Benckiser Nigeria Ltd, Afam Onwordi, stated that: “We have enjoyed a good and healthy relationship with Jumia in the last couple of years.
“As our fight in RB is making access to the highest quality hygiene, wellness and nourishment a right and NOT a privilege, we would therefore always seize the opportunity of every major event like this (Brand Festival) to reward our consumers with interesting offers and deals across our wide range of products.”
Senior Business Manager at HMD Global, Emmanuel Ossai, said: “For us at HMD Global, the home of Nokia phones, we are very excited to be supporting Jumia on this festival for authentic brands in Nigeria.
“We have a commitment to continuously deliver value and believe that this partnership will afford Nigerians more opportunities to enjoy the beauty of quality hardware and the secure Android experience that we offer across our range of Nokia smartphones.
“Interestingly, we have new exciting devices that will be unveiled to our Nigerian customers in the coming weeks and we cannot wait for you to have a feel of hardware magic carefully combined with software excellence. So, keep watching this space.”
TikTok Picks Oracle to Provide ‘Secure’ Cloud Tech
Enterprise software giant Oracle announced that it has been chosen to become TikTok’s “secure” cloud technology provider.
According to Oracle, this technical decision by TikTok was heavily influenced by Zoom’s recent success in moving a large portion of its video-conferencing capacity to the Oracle Public Cloud.
Oracle’s announcement comes after TikTok parent ByteDance last week said it will not be selling the video-sharing app’s US operations to software giant Microsoft.
This after US president Donald Trump signed an executive order on 6 August, blocking all transactions with ByteDance in an effort to address “national emergency” issues.
On 14 August, the US president issued an order that gave ByteDance 90 days to divest the US operations of TikTok.
Since then, US companies such as Microsoft and Oracle have been lining up as potential buyers for the popular short video app.
As the trade war between the US and China rages on, the US government has accelerated its efforts to purge Chinese apps and technology companies that it deems untrustworthy.
Trump and his administration raised national security issues, alleging the Chinese-owned company will share sensitive user data with the Chinese government.
“TikTok picked Oracle’s new Generation 2 Cloud infrastructure because it’s much faster, more reliable, and more secure than the first generation technology currently offered by all the other major cloud providers,” says Oracle chief technology officer Larry Ellison.
“In the 2020 Industry CloudPath survey that IDC recently released where it surveyed 935 infrastructure-as-a-service (IaaS) customers on their satisfaction with the top IaaS vendors including Oracle, Amazon Web Services, Microsoft, IBM and Google Cloud…Oracle IaaS received the highest satisfaction score.”
“As a part of this agreement, TikTok will run on the Oracle Cloud and Oracle will become a minority investor in TikTok Global,” says Oracle CEO Safra Catz.
“Oracle will quickly deploy, rapidly scale and operate TikTok systems in the Oracle Cloud. We are 100% confident in our ability to deliver a highly secure environment to TikTok and ensure data privacy to TikTok’s American users, and users throughout the world.
“This greatly improved security and guaranteed privacy will enable the continued rapid growth of the TikTok user community to benefit all stakeholders.”
Inq. Acquires Vodacom’s Business in Nigeria, Others
inq. Holdings Limited, artificial intelligence service provider, has acquired Vodacom Business Africa’s operations in Nigeria, Zambia and Cote d’Ivoire.
It plans further acquisition in Cameroon subject to regulatory approvals.
Mr. Valentine Chime, managing director, inq. Holdings Limited, said the 100 per cent acquisition of the Vodacom Business Africa’s operations in the three countries was in pursuit of the company’s dream of building pan-African network that will help in creating better future through digital solutions.
Domiciled in Mauritius, inq. Holdings Limited is a subsidiary of Convergence Partners Communications Infrastructure Fund, a fund dedicated solely to communications infrastructure and related services and technologies across Sub-Saharan Africa (SSA).
Formerly known as Synergy Communications, the latest acquisition has grown inq.’s regional footprint with operations in 12 cities in seven countries across Africa. It has existing operations in Botswana, Malawi and South Africa with an additional investment in Mozambique.
“Under the inq. banner the company will embark on the next phase of building a unified Pan-African cloud and digital service provider, bringing to market a very relevant suite of next generation technology solutions in the fields of Edge AI, SD-WAN/NFV and Cloud,”Chime said.
According to him, with operations in major African cities of Lagos, Abuja, Port Harcourt, Kano, Gaborone, Lusaka, Ndola, Blantyre, Lilongwe, Mzuzu, Abidjan and Johannesburg, the inq. team prides itself on global best practice methodologies customised to local customs in each of the 16 cities, covering different sectors including banking, oil and gas, fast moving consumer goods, mining, health, real estate, information technologies, public sector and logistics.
“Covid-19 has accelerated digital transformation, and inq. is perfectly positioned to deliver intelligent connectivity through seamless delivery of cloud and digital services and technologies to our clients. We are about simpler, seamless solutions,” Chime said.
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