News
Zinox Advances IT with e-School Project
Computerize Nigeria Project (CNP), an initiative of Zinox Technologies, born out of the will to develop a strong knowledge-driven economy has initiated the e-School Project.
The e-school project is designed to assist Nigerian Primary and Secondary schools take their rightful place among world class-institutions in the information technology driven world.
Mrs. Vivian Abii, executive director, Zinox Technologies Limited, at the launch of the Project last week in Lagos said the initiative is beneficial to students, teachers and school managements in the present world of ‘digital knowledge democracy’ where people have been given the power to express themselves and take charge of their lives.
According to her, students would be able to enjoy quality lessons, acquire advanced IT,
project and presentation skills; be independent and well informed.
For the teachers, Abii said the initiative would enable them become highly rated and focused as they can have access to information globally, be flexible and result oriented as well as prepare and document their lectures more conveniently and efficiently.
She added that e-project would give global visibility and access to the worldwide web to schools, enable them administer and set their schools on the right part with changing trends in the IT driven world.
Ben Ejimagwa, head of e-Strategies and solutions at the launch listed the contents of the e-School Project to include: Integrated e-Learning Centre, 1km Square Zinox Wireless Campus Cloud, Free School Website, School Customized Web Portal; which would all come with specific perks.
Other contents according to him include Free Customized e-Mail Addresses, Highly Subsidized Prices for Staff and Students Computer Ownership Scheme, Subsidized training, Flexible Payment Term with Subsidized Interest Rate, Trade-in Option and 24 Months Exclusive "no story" warranty for every equipment purchased.
Ejimagwa said the e-School project will deliver highly discounted PCs, printers, software to schools and through Zinox Wireless Cloud, will provide high speed C-Band wireless Internet and telephony in order to promote borderless learning environments.
The e-School project has various models which include the entry model, medium model, advanced model; which cost N3.8m, N5.1m and N7.3 m respectively and another: the very robust model which has its own unique features as well as advantages.
CNP is in partnership with Intel Corporation, Microsoft and Cifex of France to structure the e-School Project according to individual needs.
Also speaking at the event was David Floyd, CEO of Freeplay Energy PLC who presented the Freeplay range of products – the Jonta flashlight, the Kito Lantern, the Indigo Lantern and the EyeMax AM/FM Radio Receiver – tailored to suit the needs of students in the electric power challenged Nigerian environment.
EFCC
The African Development Bank Group last week approved an investment of €6.5 million in the Saviu II fund in order to support technology start-ups through their seed phase and first institutional fundraising, mainly in French-speaking Central and West Africa.
The Bank will invest €4.5 million as equity and €2 million as a first-loss hedging tranche on behalf of the European Commission, under the Boost Africa Programme.
This participation of the Bank Group will enable the Saviu II fund to give priority to companies with a strong technological or digital component.
Saviu II, the second investment vehicle of Saviu Partners, plans to invest between €500,000 and €3 million in about 20 technology or technology-oriented business-to-business start-ups in the seed phase or carrying out first institutional fundraising.
The Saviu II venture capital fund aims to make at least 60% of its commitments in the French-speaking countries of West and Central Africa: Côte d ‘Ivoire, Cameroon, Benin, Senegal, Togo, Burkina Faso and Mali.
The fund can also co-invest in promising technology companies in East Africa that have a strong team and business model, and whose strategy includes entering the market in French-speaking West African countries and establishing a strong presence there.
In addition, the fund will devote a dedicated envelope to pre-seed investments, focusing on minority equity investments, usually in co-investment with studios, incubators or other ecosystem partners.
Nigerian Government has signed a $1.3 billion Memorandum of Understanding (MoU) with Africa Finance Corporation (AFC) via the Solid Minerals Development Fund (SMDF) to fund an alumina refinery, national geoscience mapping, and a strategic investment vehicle for mining growth.
Special Assistant to the Minister of Solid Minerals Development, Segun Tomori, said the refinery will process one million tonnes of bauxite yearly using a modern Bayer process, powered by an on-site gas-fired cogeneration plant.
Minister Dele Alake called it a transformative milestone boosting GDP, aligning with reforms that improve investment climate, regulations, and licensing to attract private capital. He directed agencies to fast-track permits.
The 20-year project at 95% utilization eyes 19 million tonnes total output, $1.2 billion annual GDP addition, $25 billion economic impact, and $8 billion forex earnings, per feasibility studies.
SMDF Executive Secretary Fatima Shinkafi termed it the agency’s biggest funding deal, supporting value-addition policy.
The partnership extends to geoscience mapping for mineral data, de-risking exploration, and a joint vehicle for mining assets.
Permanent Secretary Engr. Farouk Yabo praised the reforms. Shinkafi signed for government; AFC’s Franklin Edochie for the corporation, witnessed by AFC CEO Samaila Zubairu.
Tomori positioned it as Nigeria’s largest private mining investment and FDI magnet.
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