Nigeria’s economy is set to receive a major boost with the commitment of the Indian government to invest US$5 billion in Nigeria’s economy – a move that had been welcomed by Nigeria’s President, Muhammadu Buhari. The proposed investment was announced by the business delegation that accompanied the Vice President of…
Author: Paul Adepoju
Back in high school, Loyola College Ibadan to be precise, chemistry wasn’t my forte per se, but entropy was a very fascinating phenomenon because it measures the rate of disturbance in a space. This week and over the weekend, the entropy level of the tech startup ecosystem in Nigeria was…
Last week was a very busy one for me as I was hosting and chairing various sessions at NigeriaCom which is one of Nigeria’s foremost events. On the last day of the event however, a session specifically caught my session because of the subject the speaker was discussing. Internet of…
The $275 million Lagos Cable Car initiative will begin operations next year and is expected to handle about 240,000 trips daily according to Dayo Mobereola, the state’s commissioner for transportation. According to him, the cable car project will have eight stations in three routes. Upon completion next year, the cable…
Nigerian government’s nationwide emergency communications centers have gulped over NGN10 billion according to Prof. Umar Danbatta, executive vice-chairman, Nigerian Communications Commission (NCC). Yesterday, Danbatta said the sum was spent on setting up emergency communication centres across the country – even though, as he noted, many Nigerians are unaware of the…
Nigeria can overcome its current economic recession if it is able to come up with $15 billion according to the country’s richest man Aliko Dangote. He said the country can raise the sum through sale of assets and borrowing. These, according to him, could revive the country’s economy; it would…
tiphub Africa has selected 14 startups and social enterprises to participate in its 2016 Diaspora Demo accelerator and pitch competition. The program is designed to offer mentorship, guidance, expertise and advisory support for the emerging enterprises and is anchored by a residency in Washington, DC where the startups will pitch…
Mobile, tech ventures and leading women in Africa have until midnight today, Tuesday 20th to submit their entries for the Appsafrica.com Innovation Award 2016 to be held in Cape Town on November 14th. “The Awards supported by Mobile Monday South Africa (MOMO) and the Mobile Ecosystem Forum (MEF) “celebrate the…
The world’s consumers are embracing messaging apps – and so are the fraudsters. A new MEF study has found that 26 per cent of chat app users get an unsolicited message every day, while 49 per cent receive at least one a week. The research confirmed that spam still affects SMS more…
At a Civil-Military Forum organised by the Nigerian yesterday (Sunday) in Maiduguri, the Nigerian asked commercial banks operating in Nigeria to deploy Automated Teller Machines (ATM) to the military barracks in Maiduguri for the use of front line soldiers. Officers of the Nigerian in the region are involved in the…
There were several big news this week but none was as important as the decision of Oluwatoyin Subair, the man behind HiTV, to tell the story of why the company failed. In his piece, I identified 5 very important lessons that Nigerian startups and entrepreneurs need to learn from him…
Airtel Nigeria has joined MTN in considering getting listed on the Nigerian Stock Exchange (NSE). The company’s local listing intention was revealed by its Chief Executive Officer and Managing Director, Segun Ogunsanya, while speaking at a roundtable organized by the NSE and Bloomberg. According to him, the company is hoping…
It was a blockbuster moment for African agriculture yesterday as African leaders, businesses, and major development partners pledged more than US $30 billion dollars in investments to increase production, income and employment for smallholder farmers and local African agriculture businesses over the next ten years. The collective pledges at the…
Word on the street is that Nigeria is in an economic recession even though many people in government would disagree. But there is something they all agree upon – Nigeria needs to diversify its economy. While some are pushing for more investments in agriculture, several people are also mentioning tech…
Dell Technologies yesterday announced completion of the acquisition of EMC Corporation, creating a unique family of businesses that provides the essential infrastructure for organizations to build their digital future, transform IT and protect their most important asset, information. This combination creates a $74 billion market leader with an expansive technology…
Telecoms giant MTN Group today announced it is partnering with MMI Holdings to launch a micro insurance joint venture, branded aYo. The joint venture will benefit from the scale, combined expertise and market access of both companies, to provide a strong basis to compete in a changing mobile financial services…
The richest man in India, Mukesh Ambani, has rolled out a $20 billion mobile network expected to bring lightning-fast Internet to hundreds of millions of people. This is a venture that Africa’s billionaires should also consider exploring. The new service called Jio which went live this week has already been embraced…
This week, Nigerian Communications Commission (NCC) revealed it is putting the country’s ICT house in order is galvanising the Information and Communications Technology (ICT) stakeholders to seek fresh investment vistas at the forthcoming International Telecommunications Union (ITU) World 2016 coming up in Bangkok, Thailand. This is coming at a time…
Even though I don’t own an iPhone (yet), I came across some very cool features that I know many users of the devic don’t even know about. As far as many users of the device are concerned, iPhone’s edge over Android devices is its ability to provide better user experience…
The Nigerian Mirror project that aims to provide a local mirror of popular opensource projects in Nigeria has gone live. Sponsored by web hosting firm Web4Africa, the project aims to provide very fast, low-latency access to commonly used opensource software projects. According to Web4Africa, Nigerian Mirror Project is the first…