General News
Zinox Technologies and TD Africa Forge Strategic Partnership to Revolutionize African Tech Ecosystem
In a landmark development set to reshape Africa’s technology landscape, Zinox Technologies, the continent’s leading manufacturer of trusted technology solutions, and TD Africa, Africa’s largest technology and lifestyle distribution powerhouse, formalized a strategic partnership on Friday at an exclusive press conference attended by industry journalists, key stakeholders, and partners from both organizations.
Zinox Technologies and TD Africa
The event, held to officially announce the collaboration and address stakeholder concerns, marks a pivotal moment in the evolution of indigenous African technology, signalling a new era of continental self-reliance and technological excellence.
The partnership brings together two industry titans whose complementary strengths promise to deliver unprecedented value to the African market.
Zinox Technologies has established itself as Sub-Saharan Africa’s premier indigenous technology manufacturer, producing internationally certified devices that rival global brands while addressing Africa’s unique technological needs.
TD Africa, with its extensive distribution network spanning 43 nations in the continent and expanding, has become the preferred gateway for leading global technology brands including HP, Microsoft, Dell, and Cisco.
This alliance represents more than a business transaction; it harmonizes Zinox’s precision-engineered hardware with TD’s formidable distribution infrastructure to bridge the digital divide, deliver rugged, energy-efficient innovation to the very heart of Africa’s schools, industries, and homes.
Speaking at the event, Chioma Chimere, Coordinating Managing Director of TD Africa, articulated the strategic rationale behind the partnership with evident conviction. “Today represents a moment where Africa meets Africa,” she declared, emphasizing Zinox’s distinction as an indigenous brand that truly understands and produces to meet the unique needs of the continent.
Chimere highlighted Zinox’s comprehensive product range and their remarkable efficiency, noting that the company’s Made-for-Nigeria approach addresses challenges that foreign manufacturers often overlook.
“We are proud to partner with a brand that doesn’t just import solutions but engineers them specifically for our reality,” she added, expressing gratitude to all stakeholders for participating in this historic collaboration.
The event’s opening address set the tone for what promises to be a transformative partnership. The gathering provided partners and the public with comprehensive insights into how this alliance will enhance market access, product availability, and technological solutions across the continent.
Chioma Nwoke, Executive Director, Human Resources Head at Zinox Technologies, offered a compelling vision of the partnership’s broader implications for African technological sovereignty.
She articulated Zinox’s founding vision, to create dependable standards of technology, and traced the company’s evolution from its inception to its current position as a leader in indigenous manufacturing.
“This partnership sends a powerful signal to the market that African technology can compete, innovate, and lead,” Nwoke emphasized.
She stressed that this collaboration transcends mere commercial transactions, encompassing digital education, enterprise development, and nation-building through technology.
“Zinox will continue manufacturing global-standard products, and Africa will be sustained by partnerships like this that demonstrate our capability and commitment to technological independence,” she affirmed.
Moses Edoh, Head of Research and Development at Zinox Technologies, provided technical insights into the company’s diverse product portfolio and the philosophy driving their design approach.
He explained how Zinox, iTEC, and iPower brands compete successfully with foreign manufacturers by creating products tailored to specific customer needs.
“We were the first to produce and introduce hybrid inverters in Nigeria,” Edoh noted, “and every product in our lineup is designed to address the unique challenges Nigerians face daily.”
The Zinox product ecosystem showcases remarkable breadth and innovation. Their technology lineup features cutting-edge All-in-One Smart Boards, PCs with various specifications, tablets, desktops, monitors, and Point-of-Sale systems.
The iPower renewable energy division offers an impressive array of solutions including the Megaforce 125W, GridPro 50KW, Bijimi 30KW, Premium 11KW, Infiniti, Plus, iPower X, iPower Ascend All-in-One, Ascend, Matrix All-in-One, 3KG MPPT Solar Charge Controller, 665 Watts Bifacial Topcon Panel, various monocrystalline panels ranging from 320-550 Watts, multiple battery technologies (lithium, tubular, gel), solar street lights, and portable power banks.
The iTEC brand delivers power generating sets with 100% copper winding, while their consumer electronics range includes AI QLED Smart TVs from 33″ to 95″, microwave ovens, and rechargeable fans.
The testimonials from existing partners underscored the quality and durability of Zinox products. Engineer Anthony Anigbogu, Chief Executive Officer of Orbit Business shared his remarkable experience with an iPower hybrid inverter that served him faithfully for twelve years, only requiring replacement when he needed higher capacity. Such testimonials validate Zinox’s commitment to manufacturing products built for longevity.
Partners called for increased awareness campaigns, noting that many Nigerians continue relying on foreign brands despite having access to Nigerian-made solutions tailored to their unique needs. They pledged to actively promote these indigenous products within their networks.
With TD Africa’s expansive distribution network now channelling Zinox’s comprehensive product range, customers across the continent gain expanded access to world-class, Africa-optimized technology solutions.
Partners of both organizations stand to benefit enormously from this synergy, gaining access to innovative offerings including JOI (Just Own It) for individual consumers, TaaS (Technology as a Service) for corporate clients, and PaS (Product as a Service), among other solutions designed to make technology more accessible and affordable.
For organizations and individuals interested in exploring partnership opportunities or learning more about these innovative solutions, you can send an email to [email protected], with comprehensive information also available on their website.
This partnership represents not just a business alliance but a declaration of African technological capability, a testament that the continent can manufacture, distribute, and sustain world-class technology solutions designed by Africans, for Africans.
Dangote Petroleum Refinery is reportedly nearing completion of a $2.5 billion private placement that values the company at about $40 billion ahead of its planned public listing.
Private placement is the direct sale of company shares or bonds to pre-selected investors instead of the general public and it is used to raise money quickly while avoiding strict public reporting rules.
People familiar with the transaction said investors acquired as much as 6 per cent of the refinery, according to a BusinessDay report.
The reported terms would value the business at approximately $40 billion.
Neither Dangote Group nor the refinery has publicly announced the final amount raised, the identities of most subscribers or the precise percentage sold.
The figures should therefore be treated as transaction details supplied by unnamed sources rather than confirmed company disclosures.
The reported $2.5 billion total is nevertheless significant as it indicates strong demand for exposure to a privately controlled refinery that has rapidly become central to Nigeria’s fuel supply and an increasingly important exporter of petroleum products.
The placement was said to have attracted more demand than the available shares, allowing the company to secure substantially more than the amount initially associated with the fundraising exercise.
Femi Otedola, chairman, First HoldCo, is the only major participant publicly identified in the report.
He reportedly committed $100 million to the transaction and sold his investment in Geregu Power Plc to finance the acquisition.
Nigeria’s pension industry was also reportedly cleared to participate.
Access to more than $17 billion in retirement assets would broaden the refinery’s potential investor base beyond wealthy individuals and conventional institutional buyers.
Participation by Pension Fund Administrators would, however, require careful attention to valuation, liquidity and portfolio-concentration limits.
Retirement funds must balance the attraction of a large Nigerian industrial asset against their responsibility to protect contributors’ savings.
The implied $40 billion valuation represents investor expectations about the refinery’s future earnings rather than only the physical cost of constructing the facility.
Its ability to process 650,000 barrels of crude daily gives it a central role in supplying Nigeria and other markets, but its commercial performance remains connected to crude availability, product prices, exchange rates and regulation.
The refinery has struggled to obtain all the Nigerian crude it requires under the government’s naira-for-crude arrangement.
It has consequently purchased some feedstock internationally and recently moved local petroleum-product pricing into dollars to align sales revenue more closely with its foreign-currency expenses.
Those constraints will be important during any public offering.
Prospective shareholders will want greater clarity on crude-supply contracts, debt, operating margins, export revenue and the company’s relationship with Nigerian regulators.
It is also unclear whether the private placement involved newly issued shares, a sale by existing owners or a combination of both.
That distinction determines whether the reported $2.5 billion becomes fresh capital for the refinery or proceeds received by selling shareholders.
The transaction could provide a useful price reference for the planned initial public offering.
Federal government will next month launch Nigeria’s first national organized crime strategy to strengthen the country’s response to terrorism, cybercrime, human and drug trafficking, kidnapping, illicit financial flows, and other forms of organized crime.
Major General Adamu Laka, national coordinator of the National Counter Terrorism Centre under the Office of the National Security Adviser, disclosed this in Abuja during the validation of the strategy document.
He said the strategy provides a coordinated national framework for tackling organized crime through improved intelligence sharing, stronger collaboration among security agencies, and closer cooperation with the criminal justice system, civil society organizations, and international partners.
Major General Laka explained that the document was developed through a partnership involving the Federal Government, the United Nations Office on Drugs and Crime (UNODC), the United States Government, and other stakeholders.
Speaking at the event, Cheikh Toure, UNODC representative, said the strategy would strengthen Nigeria’s capacity to combat transnational crimes, including drug trafficking, cybercrime, human trafficking, kidnapping, and illicit financial flows.
Also speaking, Douglas Grane, acting director of the United States Department of State’s Bureau of International Narcotics and Law Enforcement Affairs, reaffirmed the U.S. government’s support for Nigeria’s efforts to tackle organized crime through stronger inter-agency and international cooperation.
Representatives of the National Institute for Strategic Studies, the Nigeria Financial Intelligence Unit, and the National Cyber Security Centre also endorsed the initiative, describing it as a major step towards improving Nigeria’s fight against organized crime.
FATE Foundation, with funding from the Citi Foundation, has launched the Youth Entrepreneurship Incubation Programme to equip young people in Nigeria with financial literacy and entrepreneurship skills.
Delivered through free, safe, and accessible platforms, the programme supports the incubation and scaling of youth-led enterprises, enabling income generation and job creation.
In October 2025, FATE Foundation was selected as a recipient of Citi Foundation’s 2025 Global Innovation Challenge to Accelerate Youth Employability. Joining the cohort of 50 organisations globally, the Foundation will receive $500,000 over two years to advance its youth employability initiative.
“We are excited to be selected for Citi Foundation’s 2025 Global Innovation Challenge,” said Ayomide Akindolie-Igwe, Executive Director of FATE Foundation.
“This support enables us to equip young entrepreneurs in Nigeria with the financial literacy and skills needed to build and scale sustainable businesses.”
The programme addresses youth employability by tackling Africa’s growing jobs crisis. By 2030, the African continent will be home to 40% of the world’s youth, and with one in three under 35 already unemployed, this initiative will support Nigerian youth with a two-phase approach. It begins with financial literacy training before progressing to entrepreneurship development, incubation support, and access to tools needed to build viable, job-creating businesses.
“Through this innovative initiative, FATE Foundation is supporting low-income Nigerian youth to develop essential financial and entrepreneurial skills using accessible platforms.
“This support is not just helping individuals to succeed; it is building a solid foundation for sustainable enterprises that will drive job creation and contribute significantly to our nation’s economic vitality. This initiative is empowering and investing in the future of Nigeria, one youth at a time,” said Nneka Enwereji, MD/CEO Citibank Nigeria Limited.
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