Telecom
UK Unveils Plans to Become International Technology Superpower
The UK has published a roadmap for reaching tech superpower status by 2030 through a new International Technology Strategy.
The Foreign Secretary and the Science, Innovation and Technology Secretary set out at the launch in London on the 22 March, 2023, how the UK will build on the strength of our tech sector, which is already the largest in Europe and the third highest valued in the world after the USA and China.UK
Last week’s publication of the Integrated Review Refresh identified that authoritarian regimes are using technology as a tool of oppression – with far-reaching consequences for the security and prosperity of the British people.
The International Technology Strategy sets out the UK’s alternative. The UK, guided by four principles – to be open, responsible, secure and resilient – will shape the future of technology in a way that promotes its use positively, and drives innovation and UK tech leadership, while boosting our security from new and emerging threats.
The UK government will work closely with governments, academia and industry to leverage the UK’s world-leading strengths in technology through international partnerships with established and emerging science and technology powerhouse nations.
The Prime Minister has made growing the economy, creating better paid jobs and opportunity across the country, one of his five priorities. Investing in our thriving tech sector will directly contribute to that. The sector was worth $1 trillion in 2022, and our country is home to more than 85,000 start-ups and scale-ups. More investment was generated in the UK tech sector last year than in France and Germany combined, creating and sustaining high quality jobs around the country.
The International Tech Strategy will boost growth in this sector, strengthening our position on the world stage while forging long-term links that will promote the UK as place for investment and collaboration in the technologies of the future
Foreign Secretary James Cleverly said: “Now more than ever, it is important that the UK steps up to promote British tech excellence worldwide and takes a stand against the malign influences that seek to use tech against us.
“That is why we’ve announced this strategy, helping to deliver on our ambition to be a tech superpower by 2030, backing UK businesses and helping us solve the challenges of tomorrow through innovation and international collaboration.”
Technology Secretary Michelle Donelan said: “We are a top-class breeding ground for emerging tech, but being a superpower means working with our international partners to turn these nascent technologies into global industries.
“Our International Tech Strategy will ensure we deepen collaboration with our allies on the technologies of tomorrow, driving growth and prosperity for the UK while strengthening our national security.”
Our first tech envoy, Joe White, has helped to boost our ties with tech companies in Silicon Valley. Building on this success, the UK will expand our network of tech envoys and expertise to create the world’s most extensive tech diplomacy network.
We will use this as a platform to enforce our principles, challenge authoritarian narratives and to drive international collaboration with industry. Envoys will bring expertise from the tech sector, ensuring that they can put their lived experience of this industry into boosting the UK’s global leadership.
These aims will further be supported through our new Technology Centre of Expertise. With the first pilots running from later this year, these centres will bring together tech and digital experts from government, private sector, and academia to support countries to transform their economies in a sustainable and inclusive manner through innovation.
The UK Science and Technology Framework set out the ambition for the UK to be internationally recognised as a tech superpower by 2030. Being a tech superpower requires us to collaborate more deeply with other leading nations to tackle the urgent global challenges facing our planet through science and tech. The International Technology Strategy sets out the work being done to build those partnerships.
As part of the strategy, the UK will also work with the Organisation for Economic Co-operation and Development (OECD) Global Forum on Technology to engage with the international community on how to better use technology.
We will also build on the UK’s success in securing a seat on the Council of the International Telecommunications Union (ITU), working together with partners to increase worldwide connectivity, and provide clear leadership in the telecoms sector.
The need for Nigeria to think outside the box in its need to drive towards global relevance with innovations and scientific developments will be on the front burner at the NITRA Innovative & Scientific Conference scheduled to hold on Thursday July 23, 2026 in Ikeja, Lagos.
NITRA
The Nigerian Communications Commission (NCC) will lead other delegates to discuss and take far-reaching decisions at the event, which has its theme as “Bridging Nigeria’s Digital Divide With Scientific Innovation”.
Other companies that have indicated interest in partnering with NITRA include mobile communications company, Tecno; Africa’s premier end-to-end AI solutions company, Hyperspace; and telecommunications data infrastructure company, Digital Realty.
Speaking on the proposed event, the Chairman, Nigeria Information Technology Reporters Association (NITRA), Chike Onwuegbuchi noted that the event will seek to create a platform for government and private organisations to deliberate on policies around scientific innovations in Nigeria, challenges, place of indigenous and foreign collaboration, roles of each stakeholder, and grassroots development in that regard, among others.
According to him: “The Federal government, with series of programmes and partnerships, has established the urgent need to create an ecosystem that thrives on scientific innovation, breeding institutions and individuals with a target of placing the country at the fore-front of Next-Gen development.
It is a known fact that digital and scientific innovations are crucial, not only to the survivability of a nation, but also to the sustainability of its growth and development, with significant effect on economic strength, global image, defense and security, government capabilities to function, and public health and safety, communication and digital footprint, among others.
The federal government is actively driving scientific innovation to foster economic diversification and build a $1 trillion economy by 2030. Efforts are heavily focused on commercializing research, establishing massive research funds, and funding strategic infrastructure, particularly in technology, biotechnology, and healthcare. Core government initiatives and policies include the newly instituted National Research and Innovation Development Fund (NRIDF), which aims to mobilize about $500 million annually to support research and the commercialization of scientific outputs; and the Nigeria Genomic City, a multi-ministerial initiative aimed at transforming Nigeria into a leading hub for genomics, precision medicine, and biotechnology. It is designed to protect indigenous data, stimulate artificial intelligence in health, and develop a highly skilled scientific workforce.
According to the General Secretary of NITRA, Mr. Chidiebere Nwankwo, the forum will also be a vehicle to propagating the views of decision makers to the public, thereby furthering the cause of public awareness and information dissemination on the topic.
The focus, he said will be on how Nigeria can sustain digital innovative growth and scientific development in Nigeria
The board of global payments company, PayPal, says a 53 billion dollars takeover offer from financial technology firm, Stripe, and private equity company, Advent International, does not adequately reflect the company’s long-term value.
PayPal
According to reports, the proposed acquisition, valued at 60.50 dollars per share, remains under consideration, with the board yet to formally respond to the offer.
The directors are said to be evaluating not only the financial value of the proposal but also the structure of the financing, the timeline for completing the transaction and the likelihood of obtaining regulatory approvals.
They are also considering the possibility of competing bids emerging.
Although the offer represents a premium of about 28 per cent above PayPal’s recent share price, the board believes the company could deliver greater value to shareholders if its ongoing turnaround strategy succeeds.
Following reports of the bid, PayPal shares gained about two per cent to close at 56.73 dollars.
Sources familiar with the discussions said Stripe and Advent have secured approximately 50 billion dollars in debt financing from JPMorgan and Morgan Stanley, while both firms would jointly contribute 17 billion dollars in equity.
Under the proposal, the two companies would jointly own PayPal instead of dividing its operations.
PayPal, Stripe, Advent International, JPMorgan and Morgan Stanley have all declined to comment on the proposed transaction.
The discussions come as PayPal seeks to strengthen its business after years of increasing competition from rivals including Apple Pay, Google Pay and emerging financial technology firms.
The company, which was valued at about 360 billion dollars in 2021, now has a market capitalisation of approximately 36 billion dollars.
Since assuming office as Chief Executive Officer in March 2026, Enrique Lores has embarked on a restructuring programme aimed at improving operational efficiency and restoring growth.
The restructuring includes the creation of three business divisions comprising Checkout, Venmo and Consumer Financial Services, and Payments and Crypto.
The company is also targeting 1.5 billion dollars in cost savings through the deployment of artificial intelligence technologies.
PayPal’s latest financial results indicated signs of recovery, with first-quarter revenue rising seven per cent year-on-year to 8.35 billion dollars, while total payment volume increased by eight per cent to 464 billion dollars.
If approved, the transaction would combine two of the world’s largest digital payments companies.
The combined business would process an estimated 3.7 trillion dollars in annual payment volume, significantly strengthening its position in the global online payments market.
However, analysts expect the proposed acquisition to face intense regulatory scrutiny because of the companies’ combined market share in merchant payment services.
To address possible antitrust concerns, the bidders have reportedly considered options, including separating PayPal’s Braintree business or other assets if required by regulators.
Sources said Stripe and Advent remain interested in pursuing the acquisition despite the board’s reservations, although negotiations are expected to continue.
Market observers are also awaiting PayPal’s earnings report scheduled for July 28 for further indications of the company’s financial recovery and future growth prospects.
Concerns over network reliability and its impact on Nigeria’s growing creator economy took centre stage at MTN Nigeria’s Data on Trial event, where content creator and streamer, Jarvis, challenged telecommunications operators to improve connectivity for digital creators.
Speaking during the event, Jarvis asked whether there were locations in Nigeria where uninterrupted internet connectivity could support real-life (IRL) streaming without network disruptions.
“Are there places where there is no breakage when streaming IRL?” she asked.
Her question highlighted the challenges faced by content creators who depend on stable internet services for live streaming, content uploads and real-time engagement with audiences.
Responding, MTN Nigeria’s Chief Technical Officer, Mr Yahaya Ibrahim, said network performance depends on several factors, including location, network coverage, device capability and the number of users connected to a particular base station.
He noted that operators continue to invest in expanding network capacity to meet the growing demand for data services.
Earlier, MTN’s General Manager, Network Performance and Quality Assurance, Mr Michael Ndukwe, explained the evolution of mobile network technology in Nigeria, from first-generation (1G) services to the current fifth-generation (5G) technology.
According to him, each phase of technological advancement has significantly increased network capacity and enabled new digital services.
Ndukwe cited Nigerian Communications Commission (NCC) data showing that Nigerians consumed about 13.2 million terabytes of data in 2025.
He added that data usage reached approximately 4.06 million terabytes in the first quarter of 2026, reflecting the country’s increasing reliance on digital platforms and online services.
According to him, the growth is being driven by wider adoption of 4G and 5G networks, increased smartphone penetration, the proliferation of smart devices and expanding use of social media platforms.
Participants at the event noted that as more Nigerians build businesses and careers around digital content, access to reliable and high-speed internet has become critical to sustaining the country’s digital economy and creator ecosystem.
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