E-Business
South East Technology Ecosystem Requires Courageous Investors- Anika
Nnamdi Anika is the managing director, Genesys Tech Hub, by Tenece Professional Services, and a twin-purpose Technology Hub that serves as a talent refinery and innovation incubator for young minds in all technology-driven sectors of the economy, with focus mainly on startup ecosystem in South East, Nigeria.
Located in Tenece’s state-of-the-art Eastern Regional Hub in Enugu, which is designed to support and equip its residents – who are mostly budding entrepreneurs – with sophisticated tools for unearthing the most formidable startups, Genesys Tech Hub represents an oasis of technology in the region. Anika, the managing director, Genesys Tech Hub, Enugu State, in a chat with select technology reporter in lieu of the just concluded GenesysIGNITE, shares the idea behind establishing the Hub. Peter Oluka was there for Nigeria CommunicationsWeek
Can you speak briefly on Genesys Tech Hub’s key focus areas?
Genesys Tech Hub is what we call ideas, creativity and knowledge-based platform. It is designed to drive innovation and productivity in the South East, and Nigeria at large. Our focus is on undergraduates and earlier graduates. The Hub is designed to serve three main purposes; first, it is a centre of learning and development that is tilting towards mitigating the areas of digital divide in this region. In that regard we created- Codename: Learnable. Essentially, it is a six months internship/bootcamp. Most of the participants are drawn from undergraduates who are undergoing internship or Industrial Attachment Training (IT) programme.
The second programme is focused on creating enabling environment for startups. The idea is to expand their horizons, give them access to market and resources that may not be readily at their disposal. In this regard, we created a division called Genesys StartZone. It is simply our incubation programme; where we expose young startups to business mentoring, exposing them to some resources like legal support. The idea, for us, is to make sure that these startups get to a point they are matured to exist and run as independent business.
The third division serves as the nucleus of community of smart-young technology enthusiasts; these are talented individuals who are going to lead the tech revolution in the ecosystem, our region and Nigeria as a whole. That led to the creation of Agora.
How will these programmes and others in the offing help position startups for greater impacts?
The way we are running the system currently and based on the resources at our disposal, we try to take things in bits. We intend to upscale, accommodating as many as possible. We are aware that what we are doing is scratching the surface; there is a lot to be done. But in the last three years we have focused on undergraduates and fresh graduates. This has been the case because we have access to over 19 tertiary institutions based; it is based on our business model which we expect to impact the region even more in few years time.
Why South East? Why Enugu?
From a personal perspective, I grew up in this region. My undergraduate programme was the University of Nigeria Nsukka (UNN), before travelling to London School of Economics for my Master programme. So, from the onset there has been an observation. If you look at the peers around, upon graduation everybody is in a hurry to move to Lagos. For me, I have always thought that economies don’t grow in pockets.
To grow your economy, there must be diversification. Therefore, every region should have niche and create an ecosystem, such that, as people are graduating they can see an area capable of propelling the career. From that perspective, I always thought we need to do something. We can’t all keep running to Lagos.
As I was returning from UK, after my graduation, I had a lot of job offers from Lagos and Abuja. But I decided that I have to be in Enugu; somebody has to be here, working hard to ensure that our people have more opportunities. We have to diversify this economy.
I look at Lagos as an example and I am always like life’s expectancy rate is dropping; people are wake up at odd hours just to overcome traffic hurdles. Now is the time to spread the economy. From that perspective and attraction, I align with the saying ‘charity begins at home’. If you are looking outside Lagos, what comes to mind is the environment where you understand the terrain and the needs.
Then, if you look at Enugu, it has the most tertiary institutions in the regions- both private and public universities. It has the best access; very easy to access Ebonyi State, Anambra, Abia, Imo and others. It is central and it the international airport is a value addition.
It remains the capital of South Eastern region. In terms of infrastructure, you will see that Enugu is also leading in the park. It is the central point to create the Hub. At the end of the day, you intentions can’t be materialised if focused in one direction, but we need to have a base from which we can spread out.
Majority of the young people believe if it is not Lagos then you can’t make it. How is Genesys Tech Hub going to help them change the mind-sets, especially among the undergraduates?
We have started in a number of ways. The idea is to create a platform and enabling environment or a structure that can fertilise ideas (which is why many rush to Lagos). If you have such platform, then, why not stay back here and try it out. We are making this happen through the effort of our parent company Tenece Group. The business environment, especially, in the South East has proven there are a lot of opportunities here. We have over 200 staff in Genesys who may have desired to go to Lagos, searching for job. Genesys is on a pacesetting mission; such that people can observe us and see reasons to stay back here. The first things this Hub shows: it is possible.
The Hub is trying to create a sort of exposure to the undergraduates. There are different ways to build a system- some are meant to follow the system and learn along the way or you can actually create something, make yourself a leader for others to follow.
We have realised that it is doable and we are scaling it up. There are pockets of activities going on in the region requiring aggregation. Such way, key stakeholders gather, discuss the realities and show there is hope for this region by making a spark. That was the basis for GenesysIGNITE.
It was like getting more people to appreciate our startups and create platform for Government and private sector (that is the established technology related OEMs- Google, Microsoft, Nokia, etc.) to add value to what we are doing. Someone has to provoke that thought in these OEMs that there is more to Nigeria than Lagos. That is how we can make technology thrive in this region. We are looking at igniting the whole technological evolution in this region.
What are the intentional steps for a larger scale of conversion and restructuring the South East startup ecosystem?
What I have observed is that, in life, there are different approaches to solving a problem. There are textbook approaches, but the reality is that you can only take one step at a time. It is not easy to change peoples’ perception or make them align with a carefully designed roadmap. The first crucial step is creating a platform for people to understand that this thing can be done here. Create opportunity for them to meet others who have gone similar circle. They (the startup) need to understand why some people failed and other succeeded. Where they government policies that caused this? Is it because Lagos is the commercial city and naturally most things aggregate towards smart city. Are there conscious or deliberate things that the government and private individuals can do to reduce the pressure on Lagos? I have a lot of friends who are eager to come back to Enugu because people are risk averse. So, someone needs to enlighten the startups in the region; you can either be a leader or a follower.
Tenece has set the pace and I can promise you that a lot of organisations are encouraged by the Tenece’s story. The truth is that it is not going to happen in a day, we need to continue to create platform for this discourse and build the necessary infrastructure and systems to be able to impact the region. I was in a conversation with a friend, and he insisted, it is generally difficult to change the mentality of Nigerians.
So, he suggested that as new babies are born we need to create a space and start feeding them with the right information when you are used to a pattern it is usually difficult to break it. Some people are still querying me: guy, what are you doing in Enugu? However, we all recognise there is a problem, thinking or tilting towards the same pattern will not do us any good. We need courageous people, which is the idea behind what we are doing. We can’t run away from empowering our people; create supportive platforms.
Personally, supports shouldn’t always be financial. But the reality is that some people need those things to set up. We are working hard to see that happens. Our people like success stories; they believe in what they see, not visionary in most cases and that is the people. They want to ‘see and touch’ before believing. So, we want people to see that Genesys is not just another outliner. If you think so, what happens to TutorFinder or is it an outliner too? PlayJoor or House of Uwe, are they outliners too?
The GenesysIGNITE has also thought us that we need to get everybody involved. The platform is expanding beyond just ‘Genesys event’. Experience matters, so that they can talk to the young people. On our part, we are determined to back-up anything we say with action, such that the young people will see this is not just the usual talk and go. Daily, I see startups springing up in the South East.
This wasn’t the case about a year ago. To me, what has happened to Nigeria is that our over dependence on oil has exposed us. Today, everybody is sitting back to rethink and be more creative. One artiste sang ‘Owu saa gi, I ga-amalu ihe o’ (meaning, when you are broke, you become smarter). So, sometimes you need to be pushed to the wall. What we are trying to do is to see how we can reduce the gap and the timeline for this change to materialise. We don’t have all the answers, but consciously taking the steps to make things right. People are frustrated, even in Lagos.
How will GensysIGNITE assist in tackling startups waste in the region?
At the end of the day, which is what matters a lot, you can only execute a project as much as your strength can carry you. What we are trying to do is create a spark. With regards those that couldn’t get the $10,000 cash prize at the recent event, all hope is not lost. For instance, after the convergence some people walked up to me asking for database of the startups that pitched. Others said they didn’t hear the about the event on time. You may not believe this, all this was planned within a month. The idea came as a flash.
We just told ourselves there is need to do this. It was an eye opener. If you call for another pitch today, we will receive over 1000 pitches. The recent GenesysIGNITE had 147 pitches and it was due to time constraints; we reduced the number to nine who were exposed to external judges to bring about fairness and harness different opinions. I am a proponent of one step at a time, but make sure that at every second you are making progress. The idea behind IGNITE was to get more venture capitalists, and other interested investors to see that these startups exist and see how they can get involved. The spark will cause many successes among the startup ecosystem.
What are the plans to sustain GenesysIGNITE?
We believe what we have done has actually shown people there are a lot areas seeking solution. We believe people (and the Government) are going to come in and ask where and how to get involved. I remembered the first time I met our CEO, Mr. Kingsley Eze. One of the things that made me to align with him is the passion for the development of young people. Nobody can take this step without the passion. There are lot of people with similar passion but lack ideas on how and where to channel the intentions.
They are looking for structure to channel that. So, this has created the right pulse for stakeholders (government and private sectors) to come together; we are already getting feedbacks. Genesys is lucky to have Tenece as support system, but the truth is that we need more of Teneces to get involved. There are different means through which organisations can add value. As you are dwelling on your passion, a time comes that you need to partner to achieve greater impacts. In fact, during one of sessions after IGNITE, we agreed that a day is not enough for event of such magnitude. But as an inaugural event it served the purpose- to gather passionate people to carve a tech niche for the region. We can make South East one-stop (technology) attraction, not only from the Nigerian perspective, but at the global stage.
What has Genesys Tech Hub has been doing in the last three years of (structural) existence?
When you are engaged in a process, as you process you seek better ways of doing things. We started off with the internship programme. It was designed, not just a technical based training. We have structures for business entering programme. Each session ends with a bootcamp. From the onset the startup will understand they need to start looking at the environment and business ideas selling to the market. Towards the year, we usually have an exhibition where people pitch their ideas. While the pitching sessions are on you see the business sense of certain ideas, then, we go back and think of how to turn this to an acceptable ‘product’.
We also realised there are high techies that are not interested in business. They just want to build things based on latest trends- is it Artificial Intelligence, there are coming up with good ideas, but they are focused on the business side. So, we want to create a business side where these guys are opened to the opportunities. That was how Agora was initiated.
The Agora is still young; StartZone started last year and we have a product launched at the exhibition called ParkShop- which is almost ready to go into the market. It is an auto-spare parts market place. There are other startups showcasing. We have three startups incubating in StartupZone and they all came from the internship programme. Aside in-house instructors, we leverage partnership with OEMs to get other instructors.
How would you assess the quality of undergraduates coming for internship or fresh graduates who seek mentorship?
Truly, the government needs to pay attention to the educational sector. To achieve whatever mileage we desire, as a country, we must pay attention to the deteriorating educational sector. We probably don’t know how bad it is. I understand passion in teaching because as someone who grew up in the university environment I saw how my dad prepared for classes and how he carried the students along. I can’t tell how we lost it! I don’t think you should teach because you are smart, or because it’s the last resort. If you don’t have the passion, don’t get in there.
The passionate teachers don’t end up in the classrooms rather contribute further by engaging in research and development (R&D). The change should start from the basic education and even the way we (parents) teach our children. There is need for a teaching pattern that encourages people to explore their passions. We should stop all this long division, and flogging a child because h/she couldn’t solve a problem. We should deploy education that supports more of practical than theoretical learning.
For instance, when we are looking for basic skills before accepting an applicant, most of them are developed through self-help. Others would go out their way to approach people (in the industry) who have those skills, even when they are students. We must change our facilitators in these schools and revamp the curriculum to give room for productivity.
Do you think Startups (in South East) should focus on software or hardware or both)?
I think the world is changing; the world is gravitating around two things: renewable energy and artificial intelligence. We must make ourselves ready to become a global market in the technology space, specifically on artificial intelligence.
Future Plans for Startups at Genesys Tech Hub
We are looking at building hostels with adequate facilities to create a relaxed environment. Presently, the startups have to move to town, get what they want and come back. But in the next two to three months, the hostels should be ready so that if you are tired you can relax there and come back. This is actually what they want- there are swimming pool, sports centres and other facilities, so they don’t have to go to town before they can enjoy these things. In fact, some of them wouldn’t mind working for whole day, but we have to, at a point, force them to get refreshed.
Microsoft is planning to unveil its new Maia 300 AI chip this fall, potentially as soon as next month, The Information reported on Monday, citing people with direct knowledge of the plans.
The company introduced its Maia AI chip in November 2023 but has lagged rivals such as Alphabet and Amazon in scaling up its in-house chip efforts as it seeks to reduce its reliance on Nvidia’s costly processors.
Google began recognizing revenue from direct sales of its custom AI chips, called Tensor Processing Units, in the quarter ended June, while Amazon has also seen growing adoption of its processors, including its Trainium chips.
Microsoft has been in talks with chipmaker TSMC to secure manufacturing capacity for more than 300,000 units of the chip for delivery in 2027, according to the report. It is also looking to significantly ramp up production and persuade major cloud customers such as Anthropic to adopt the chip.
Microsoft ultimately aims to secure capacity for more than 1 million Maia 300 chips, though component supplies and ongoing capacity negotiations with TSMC could constrain its plans, according to the report.
It unveiled its second-generation Maia 200 in January, built by TSMC using 3-nanometer technology.
Microsoft packed the chip with a significant amount of SRAM, a type of memory that can provide speed advantages for AI systems handling large numbers of user requests.
X has announced plans to discontinue its Revenue Sharing programme and introduce a new Original Content Rewards programme to reward creators for producing original content on the platform.
The social media company announced the changes at the weekend in a post on its X Creators handle, saying the new programme would reward creators who contribute original content.
“Today, we’re introducing the Original Content Rewards Program, a new way to reward creators who bring original ideas, expertise, reporting, creativity, and commentary to X,” the company said.
X said it would stop accepting new enrolments into the Revenue Sharing programme from Friday, while existing participants would continue earning until September 7, 2026.
“Starting today, we’re no longer accepting new enrollments into Revenue Sharing,” it said.
According to the company, existing Revenue Sharing participants will receive three final payouts, with two scheduled for August 14 and August 28, while the final payment for earnings accrued through September 7 is expected around September 11.
X said existing Revenue Sharing participants would begin getting access to apply for the new programme from September 8, subject to meeting its eligibility requirements.
The first payout under the Original Content Rewards programme will be made on August 28, 2026, while existing Revenue Sharing creators who enrol in the new programme from September 8 will receive their first payment on September 25.
Under the new programme, eligible creators will earn from qualified impressions generated by their original content, with payments made every two weeks.
X defined qualified impressions as unique impressions from Premium users on the Home Timeline feed, where at least 50 per cent of a post is visible.
On the other hand, “The following are excluded from qualified impressions: impressions from the same account counted more than once per post; paid, promoted, or artificially generated impressions; and fraudulent impressions,” it said.
To qualify, creators must be at least 18 years old, live in a country where the programme is available, maintain an account in good standing and have either a personal or vusiness account.
They must also subscribe to X Premium, Premium+ or Premium Business, have at least 500 verified followers and record at least 500,000 Home Timeline impressions from verified users within the previous 90 days.
X said creators must also regularly post original content to remain eligible.
“We want to recognize creators who break news, share expertise, tell stories, create entertainment, and contribute meaningful perspectives to the conversation,” the company said.
The platform said original content could include threads, videos, memes, graphics, illustrations, reporting, analysis, commentary and reactions that add meaningful value to existing conversations.
It said creators who use content produced by others would need to add meaningful commentary, context, analysis, humour or creative transformation for such posts to qualify.
“Building on existing conversations is a core part of X, but simply reposting someone else’s content is not enough,” it said.
X said minor edits such as cropping, filters, borders, watermarks, speed adjustments or simple text overlays would generally not qualify as meaningful transformation on their own.
It also warned that content copied or substantially reproduced from another creator, content downloaded and re-uploaded from X or another platform without being the original author’s, automated content, disinformation and misleading content would be ineligible.
The company said accounts that violate the programme’s requirements could be temporarily or permanently removed from it, depending on the severity of the violation.
It added that creators would be responsible for ensuring they had the necessary rights, permissions or licences to use content created by others.
“Original content is content you personally create that reflects your own voice, perspective, expertise, or creativity,” X said.
The company said the new programme was intended to reward creators who make the platform more valuable by bringing original ideas and perspectives to its conversations.
“The Original Content Rewards Program is designed to reward the creators who start them, shape them, and move them forward,” it said.
National Information Technology Development Agency (NITDA) has introduced so-called Nigeria’s Certified Cloud Register, regulatory framework developed under the agency’s National Sovereign Cloud Initiative to determine which cloud providers are authorized to handle sensitive data, such as banking records.
In effect, from October, NITDA requires banks, fintech companies and other regulated organisations to source cloud infrastructure providers from a national register of certified firms approved to host sensitive financial and government data.
The Certified Cloud Register, is expected to strengthen data sovereignty, improve regulatory oversight and support the implementation of the Central Bank of Nigeria’s (CBN) data localisation policy, which takes effect on January 1, 2027.
Under the framework, banks, fintechs, government institutions and other regulated entities will be able to verify whether cloud service providers, data centre operators, managed service providers and Artificial Intelligence (AI) infrastructure companies have met NITDA’s certification requirements before entrusting them with critical digital workloads.
The initiative is expected to provide regulated institutions with a standardised process for selecting cloud infrastructure providers that satisfy Nigeria’s technical, security and regulatory requirements.
According to NITDA, the framework establishes “a common national standard, an independent assessment process and a public register of approved providers that banks, fintechs and government institutions can rely on when selecting cloud infrastructure partners.”
The register is expected to become a key compliance tool ahead of the CBN’s directive, which requires all payment transaction data generated within Nigeria to be stored and processed locally, effective from January 1, 2027.
The policy applies to deposit money banks, microfinance banks, mobile money operators, payment service providers, switching companies and other financial institutions.
The certification regime is also expected to reshape Nigeria’s cloud computing ecosystem, making regulatory approval a major requirement for cloud providers seeking to handle sensitive data for regulated industries.
Figures cited by NITDA showed that Nigeria’s 10 largest banks spent about N177.91 billion on information technology in the first quarter of 2026, representing a 31 per cent increase over the corresponding period last year.
A sizeable portion of the investment currently supports cloud infrastructure hosted outside Nigeria, a trend the new certification framework is expected to address by encouraging greater utilisation of compliant local infrastructure.
NITDA said the certification programme will apply the same technical and regulatory standards to indigenous cloud providers and international hyperscale operators, creating a level playing field for all companies seeking to provide cloud services to regulated sectors.
The agency also disclosed that more than 85 per cent of Nigerian businesses currently rely on cloud services, with the majority using infrastructure hosted outside the country.
It said the new framework is aimed at improving confidence in Nigeria’s digital infrastructure while promoting local capacity and enhancing oversight of critical national data.
Speaking on the objective of the initiative, Kashifu Inuwa Abdullahi, director-general of NITDA, said the programme is designed to strengthen Nigeria’s position in the global digital economy rather than exclude foreign technology companies.
According to him, the initiative is intended “to redefine the terms under which Nigeria participates in the global digital economy rather than isolate the country from international technology providers.”
The Certified Cloud Register forms part of broader efforts by the Federal Government to deepen digital trust, strengthen cybersecurity and ensure that critical financial and public sector data are managed in line with Nigeria’s evolving data governance and sovereignty objectives.
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