E-Business
VC4Africa’s DEMO Africa 2014 Begins Tomorrow

The all important DEMO Africa 2014 begins tomorrow in Lagos and VC4A Investor Summit at DEMO Africa in Lagos is expected to create opportunities for 14 Nigerian start-ups among 40 from Africa, to meet investors, among other interesting stories from the event.
Dr. (Mrs) Omobola Johnson will lead other guests at the opening of the event.
VC4Africa presents the Investor Summit the “Future of Angel Investing in Africa” the first time angel investors come together from across the continent to connect as a Pan-African network.
Speakers and panelists include Jason Njoku (iROKO, Spark), Tomi Davies (Lagos Angels Network), Baybars Altuntas (European Business Angel Network), Leonard Stiegeler (Ringier), Dipo Adebo (Angel investor), Dehab Ghebreab (US State Department), Collins Onuegbu (Lagos Angels Network), Sylvia Brune (88MPH), Viktor Okigbo (IDEA Nigeria), Dr. Inderpal Mumick (Kirusa), Tope Ajao (Leadpath), Ben White (VC4Africa) and others.
Over thirty investors have confirmed their attendance.
These investors, both local and international, include angel investors, impact investors, venture capital funds, and corporate venture capital actors; all focused on early stage SME investing in Africa.
The Wednesday afternoon Investor Summit will conclude with an exclusive (investor-only) cocktail on the evening of September 24.
After this, on Thursday and Friday, September 25 & 26, Africa’s Top 40 innovative entrepreneurs will launch their new products on stage at the DEMO Africa event. All this takes place at the Oriental Hotel in Lagos, Nigeria.
Entrepreneur and investor community VC4Africa initiates the Investor Summit at DEMO Africa following the Investor Roundtable VC4Africa organized & co-chaired at the 5th EU-Africa Business Forum earlier this year.
Ben White, VC4Africa’s CEO and Founder, said, “Going into the third year of DEMO Africa, we are excited to introduce a new exclusive investor-only event as part of the DEMO Africa 2014 event. This is the next step in making sure the leading innovators from across the continent are going to get the backing they need to achieve scale. At the same time, we see angel networks emerging across the continent. Now is the time to bring them together in a shared conversation about how best to move forward.”
The program of the Investor Summit focuses on knowledge exchange between the continent’s various angel investors and angel investor networks and focuses on the road-map of the future of angel investing in Africa.
The event is then followed by 40 demo presentations by the continent’s top up and coming entrepreneurs at DEMO Africa.
After a word of welcome by DEMO Africa’s executive producer Harry Hare (DEMO Africa), David van Dijk (VC4Africa) will set the scene for the Investor Summit afternoon, followed by Jason Njoku (iROKO, SPARK) who will deliver the key note “Lessons learned from investing in Africa”.
A case study of a recent angel investment deal will be presented by entrepreneur Tunji Owolabi (CEO of Hutbay) together with his lead investor Dipo Adebo (Nigerian angel investor).
This is an exciting opportunity to hear about the process of closing a deal both from the viewpoint of the involved investor and entrepreneur!
Two Sage Panels will focus on “The Current State of Angel Investing in Africa” and “Moving Forward – The Roadmap for the Future”. The panelists of the first panel are Collins Onuegbu (Lagos Angels Network), Sylvia Brune (88MPH), Dr. Inderpal Mumick (CEO Kirusa), Tope Ajao (Leadpath).
The panelists of the second panel are Viktor Okigbo (IDEA Nigeria), H. Tomi Davies (Lagos Angels Network), Baybars Altuntas (EBAN), Leonard Stiegeler (Ringier). Both panels are moderated by Ben White (VC4Africa).
Also part of the program is a presentation by Baybars Altuntas of the European Business Angel Network.
He will share best practices from European angels and present an exciting initiative to launch a Pan-African Business Angel Network, following the successful launch of similar regional networks in the Middle East and Eastern Europe.
After final conclusions the participants are invited to a closed (investor only) cocktail to talk more.
E-Business
NDPC, 60 DPAs Collaborate on Enforcing Privacy Rights in the Use of Al

Nigeria Data Protection Commission (NDPC) has joined sixty (60) other Data Protection Authorities (DPAs) in endorsing the “Joint Statement on Al-Generated Imagery and the Protection of Privacy.”

NDPC
The Joint Statement was coordinated by the International Enforcement Cooperation Working Group (IEWG) of the Global Privacy Assembly.
This underscores the growing concerns regarding the privacy risks posed by Artificial Intelligence tools capable of generating realistic images and videos of identifiable individuals.
The Joint Statement highlights concerns over the misuse of Al-powered tools to create non-consensual imagery, defamatory content, and other harmful materials, particularly affecting children and vulnerable groups.
It calls on organisations to implement strong safeguards, ensure transparency, provide effective content removal mechanisms, and comply fully with applicable data protection laws.
The current effort forms part of a continuum of steps being taken by Nigeria to ensure the responsible use of Al. It will be recalled that the Honourable Minister of Communications, Innovation and Digital Economy, Dr ‘Bosun Tijani, led the initiative for the development of the National Al Strategy.
The NDPC also issued the General Application and Implementation Directive (GAID), which, amongst others, mandates privacy by design and privacy by default in the development and deployment of Al tools.
The National Commissioner/CEO of the NDPC, Dr Vincent Olatunji, has directed that the Nigeria Data Protection Act (NDP Act) Compliance Audit Returns (CAR) by data controllers and processors of major importance will serve as a yardstick for monitoring and evaluating responsible use of Al for data processing in Nigeria.
E-Business
Jumia Tech Week 2026 Begins with Tech Deals on Smartphones, Electronics, and Everyday Technology

Jumia Nigeria has announced the launch of Jumia Tech Week 2026, a two-week campaign offering customers access to discounted technology products across key categories, including smartphones, computing, home entertainment, and wearable devices.

Starting from March 2 to March 15, Jumia Nigeria’s Tech Week 2026 is themed ‘Tech Products for Less’ – a deliberate commitment by the e-commerce giant to drive down the cost of technology products for Nigerian consumers. The campaign offers significant price reductions across key product categories, enabling more Nigerians to access the devices they need at prices that reflect the company’s dedication to affordability and consumer value.
Jumia Tech Week will feature deals across a wide range of product categories, including mobile phones, computer systems and accessories, televisions and audio equipment, gaming products, home appliances, portable power solutions, health technology,, and wearable devices.
Customers will also have access to curated recommendations, including top smartphone deals, must-have accessories, gaming essentials, and home technology upgrades.
According to Temidayo Ojo, CEO of Jumia Nigeria, the campaign reflects Jumia’s broader commitment to making everyday technology more accessible to Nigerians.
“Technology has become an essential part of everyday life, and access to the right devices enables more people to participate fully in the digital economy,” said Ojo. “At Jumia, we remain focused on expanding access and improving the shopping experience as we continue to build Nigeria’s everyday retail destination.”
The campaign will include a range of customer engagement initiatives such as flash sales, brand days, anchor deals and interactive activities designed to enhance the online shopping experience.
Special highlight periods, described as Explosion Days, will take place on March 6 and March 13, featuring limited-time offers across selected technology categories. Customers will also be able to participate in interactive activities, including product-based games, treasure hunts,, and live shopping sessions during the campaign period.
The campaign will feature participation from leading brands including Oraimo, Silver Crest, Samsung, Ecoflow, Nivea and Aeon, offering customers a wide selection of technology, household and lifestyle products. Early access promotions already begun during the teaser period from February 16 to March 1, allowing customers to preview selected deals ahead of the official launch.
Jumia Tech Week forms part of the company’s broader strategy to expand e-commerce adoption by improving access to essential products and enhancing the customer experience across its platform. As Nigeria’s e-commerce market continues to grow, Jumia remains focused on strengthening its product assortment, logistics capabilities, and digital experience to serve customers better nationwide.
Customers can participate in the campaign by using the Jumia mobile app or visiting the Jumia website and following the conversation online using #JumiaTechWeek.
E-Business
House Queries NDIC: ₦5m Max Payout for Failed Bank Depositors

Nigeria Deposit Insurance Corporation (NDIC) pays between ₦2 million and ₦5 million as deposit insurance to customers of liquidated banks, Managing Director Thompson Oludare Sunday told the House Committee on Insurance and Actuarial Matters during 2026 budget defence.

NDIC
House Spokesperson Akin Rotimi Jr sought details on depositor entitlements, citing Heritage Bank’s June 2024 collapse and public concerns over financial confidence.
Sunday explained NDIC’s mandate: banks pay risk-based premiums (now under 1%, down from 15/16 of 1%) to guarantee deposits. Coverage is ₦5 million for deposit money banks, primary mortgage banks (PMBs), and microfinance banks (MMOs); ₦2 million for other financial institutions.
Using BVN, NDIC auto-pays guaranteed sums without visits for amounts up to the limit. For Heritage, post-revocation, NDIC liquidated assets—selling buildings, recovering loans, realizing investments—and paid a second ₦24.63 billion dividend on January 6.
“Anything above ₦5 million or ₦2 million depends on recoveries,” Sunday said, noting ongoing asset sales and debt chases.
Committee Chairman Ahmed Jaha Babawo commended the clarity, noting the limit rose from ₦500,000 to ₦5 million recently. Over 90% of Heritage depositors got insured sums in under four days, meeting International Resolution Deposit (IRD) standards.
Babawo added liquidation dividends would be discussed in executive session.
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