AfriTECH 3.0: Maida Urges Service Providers to Embrace TaaS

AfriTECH 3.0: Maida Urges Service Providers to Embrace TaaS

 

The Executive Vice Chairman/Chief Executive Officer of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has said that the convergence of Technology-as-a-Service and infrastructure deployment marks a new era in technological advancement.

 

He said the emergence of Technology-as-a-Service (TaaS) stands as a beacon of innovation, providing businesses with the tools to adapt, grow, and thrive in the ever-evolving dynamic environment.

 

Maida, who described this convergence as a paradigm that not only fosters innovation and growth but also democratizes access to cutting-edge solutions for businesses of all sizes, implored service providers to embrace this transformative concept.

 

Speaking while presenting his keynote address at the Africa Tech Alliance Forum (AfriTECH 3.0) held at the Providence Hotel, Ikeja GRA on Wednesday, Maida stressed the need for service providers to leverage infrastructure deployment to drive Technology-as-a-Service, which will propel the country into a future where technological barriers are minimized, and possibilities are limitless.

 

Represented by Mr. Reuben Muoka, Director, Public Affairs at the NCC, Maida said that through infrastructure deployment within the TaaS model, businesses have the power to access and utilize cutting-edge technology, catering to their needs without the shackles of long-term commitments or heavy investments.

 

“At the heart of the five pillars of the Strategic Blueprint of the Ministry of Communications, Innovation and Digital Economy is Infrastructure. The role of critical infrastructure in enabling TaaS cannot be overemphasized; it is thus the goal of the Commission to boost Nigeria’s broadband penetration rate to 70% by the end of 2023 through the laying of 95,000 kilometres of fibre optic cables across the country.

 

“In a similar vein, and in line with the vision of the Ministry, we are targeting the provision of coverage for at least 80% of the country’s population, especially the underserved and unserved populations by the end of 2027,” Maida said.

 

The EVC, who stated that the deployment of infrastructure forms the backbone of TaaS, noted that by leveraging scalable and efficient infrastructure, organisations can harness cloud solutions, edge computing, and other advanced technologies, adding that the dynamic nature of infrastructure deployment ensures that businesses have the right tools at the right time without the constraints of physical infrastructure.

 

He stressed that the cornerstone of TaaS lies in its ability to revolutionise how technology deployment is approached, emphasising that traditionally, organisations would grapple with the complexities of infrastructure ownership and management, which is often a costly and inflexible endeavour.

 

“However, through infrastructure deployment within the TaaS framework, there is a paradigm shift where the burden of infrastructure ownership is alleviated, and the focus is shifted to accessibility, scalability, and service-oriented solutions.Let's Go to AfriTECH 3.0, ATAEx Awards! - Tech | Business | Economy

 

While noting that the significance of TaaS is underpinned by infrastructure deployment, the NCC helmsman remarked that this marks a fundamental change in how businesses consume technology.

 

“It enables on-demand access to a vast array of technological resources and services, providing the flexibility to scale resources according to immediate needs, without the constraints of traditional ownership models. It is about unlocking the power of technology without being encumbered by the weight of infrastructure maintenance and management.

 

“This innovative approach carries with it a multitude of benefits. Firstly, it diminishes the financial burden by transforming capital expenditures into operational costs. This allows businesses to redirect resources to innovation and growth rather than fixed infrastructure expenses.

 

“Secondly, it offers unparalleled agility, enabling organisations to pivot, expand, or contract rapidly in response to market demands. Moreover, Infrastructure Deployment within TaaS ensures that the latest technologies and updates are readily available, eliminating the overhead of constant maintenance and upgrades,” Maida stated.

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L-r: Chike Onwuegbuchi, Chairman, NITRA and Co-Convener, Africa Tech Alliance Forum (AfriTECH); Folu Aduloju, Head of Operations, PalmPay; Reuben Muoka, Director of Public Affairs at Nigerian Communications Commission (NCC); Peter Oluka, Editor, Techeconomy and Co-Convener, AfriTECH; Muhammad Rudman, CEO, Internet Exchange Point of Nigeria (IXPN), and Gbolahan Awonuga, Head of Operations, Association of Licensed Telecoms Operators of Nigeria (ALTON), at AfriTECH 3.0 and ATAEx Awards 2023 held at The Providence Hotel, Ikeja Lagos, November 08, 2023.

 

AfriTECH 3.0 to Discuss Technology-as-a-Service (TaaS) Growing Trends in Africa

Empowering voices – Africa Tech Festival fields a strong and successful line-up of women speakers and women-focused features in 2023 to put the spotlight on female trailblazers who are leading the tech revolution on the continent

Africa Tech Festival (apo-opa.info/3myppVu) in 2023, (Cape Town, 13 – 16 November), will field an impressive line-up of strong African women in technology, as a catalyst to shift the power dynamics in the industry, redressing their historic underrepresentation, funding restrictions, and other barriers to entry that have to date, prevented the technology sector from being fully inclusive.

 

In a March 2023 study, conducted by the organisers of the festival, key highlights reflected that women are still facing stereotypical attitudes preventing them from moving up the ladder, lack equal pay for equivalent and often better abilities, and that absence of access to education and skills remain significant hurdles to overcome in encouraging more girls and young women to consider technology as a career.

Yet, as OECD research reveals, more than a quarter of all businesses in Africa were either started or are run by women. Despite these high levels of entrepreneurial activity, African women draw the short straw when it comes to funding. Delving into this challenge, is a panel discussion at the festival entitled: Boosting Funding for Women Entrepreneurs in Africa (apo-opa.info/3tXJLeF), and led by keynote speaker and social media expert, Amélie Ebongué (apo-opa.info/3Qmk8LP), Global Brand Marketing Manager, and Author of Amazon Bestseller “Génération TikTok”.

Ebongué will also champion several other important discussions at ATF this year, including a look at what is beyond streaming, leveraging performance marketing to grow start-ups, and what’s in store for Web 3.0.

Several other women-focused sessions are on offer over the 3-days. At the AfricaTech Centre stage on Wednesday 15 November, there is an opportunity to engage with successful women tech leaders through a panel discussion: Empowering Voices: Women Leading the Tech Revolution in Africa (apo-opa.info/3tXJLeF). This panel will highlight the stories of pioneering women who have excelled in various tech fields, including artificial intelligence, cybersecurity, software development, and entrepreneurship. Speakers include the likes of Unathi Mtya (apo-opa.info/3tXJLeF), Group Chief Information and Digital Officer at African Bank.

While businesses have initiated efforts to foster diversity, equity, and inclusivity, significant challenges still persist in achieving real change. Addressing these underlying issues is crucial for driving diversity in Africa’s tech sector.  To tackle this head on, the AfricaCom Centre Stage will host a Panel that looks at Closing the Gender Digital Divide in Africa: What Can Connectivity Providers Do (apo-opa.info/3tXJLeF)? This will be led by Tom Koutsky (apo-opa.info/3QiGjCU), Senior Connectivity Policy Advisor, Digital Inclusion Team Lead, USAID Innovation, Technology, and Research Hub.

James Williams, Senior Director, Events | Connecting Africa | Informa Tech, remarks that: “We have made a conscious choice to attract powerful women in tech to showcase Africa’s female voices and their impacts on businesses, economies, and societies this year.  As echoed by many of our luminary speakers, without providing a platform to showcase their achievements, it will be difficult to attract more women to enter the industry.”

Additional features during Africa Tech Festival will be dedicated to put the spotlight on African female tech leaders and rising stars. One of them takes the shape of an exclusive gala dinner, the InspiringFifty Africa Awards, run by EQL:HER (apo-opa.info/45Ua8zk), a global network and event series, which exists to re-balance gender in the technology sector to secure women an inclusive future across all businesses.

Women, who have been historically underrepresented in STEM and STEAM fields, offer a different lens through which to view and solve complex problems

This prestigious initiative focuses on recognising the top fifty women who are making significant strides in tech careers across the African continent. Whilst waiting for the 50 winners to be unveiled during a celebratory gala dinner on 13 November at the Mount Nelson hotel, the finalists have just been released and can be seen here (apo-opa.info/40lkA1F).

Whilst InspiringFifty Africa will be a chance to rub shoulders with the continent’s who’s who of female tech leaders, EQL:HER will run additional female-focused initiatives, including a new dedicated networking space – the EQL:HER Lounge located in the Ballroom area of the CTICC from 14 to 16 November.

Women and allies will get a chance to come together, connect and share their experiences whilst engaging in Q&As with main stage speakers, listen in to intimate fireside chats, and join power hour networking sessions to which all are encouraged to participate.  Some sessions that stand out include the likes of a Workshop called Womenomics – Unlocking the Financial Potential of Investing in Women (apo-opa.info/3tXJLeF), and a Fireside Chat: Cultivating a Sustainable Talent Stream for Women in Tech (apo-opa.info/3tXJLeF).

Funke Opeke (apo-opa.info/3QFQ13s), CEO of MainOne, a judge and sponsor of this year’s InspiringFifty, says: “Africa Tech Festival is a leader in championing women playing a key role in tech on the continent. The focus has not been limited to the few that have risen to the top of their careers, but also supporting programmes such as InspiringFifty to ensure we leave the door open and actively support those who come behind us. True parity will be achieved when all leaders in tech mentor, support, and uplift the next generation of women in technology, given that talent knows no gender boundaries.”

Diversity is not a buzzword
Diversity is a fundamental necessity. In the context of technology, diversity brings new perspectives, new ways of thinking, and innovative solutions to the table. Women, who have been historically underrepresented in STEM and STEAM fields, offer a different lens through which to view and solve complex problems.

Darshani Persadh (apo-opa.info/3MrnGeO) – Technical Co-Founder at DARJYO, and another visionary speaker at EQL:HER, underlines this point, saying: “Diversity isn’t a hindrance—it’s a catalyst for innovation and progress in the tech world.”

Studies consistently show that diverse teams are more creative and better equipped to address the multifaceted challenges our digital age presents. When women are encouraged to enter STEM and STEAM, they contribute to the overall development of technology that benefits everyone.

EQL:HER (EQLHER.com) is co-hosted over the three days with Inspiring African Women NPC, along with the Digital Council Africa, and WomHub.

Do not miss these important and life-changing conversations.  Secure a seat at the table by registering for a free delegate pass – see below for details.

For more information, please see website here: Africa Tech Festival 2023 – The Home of AfricaCom & AfricaTech (apo-opa.info/3myppVu)

View all ticket options for Africa Tech Festival, including start-up passes, here (apo-opa.info/3Q04o2r).

Kaspersky Records an Increase in Mobile Threats in Africa in Q2 2023

Kaspersky Records an Increase in Mobile Threats in Africa in Q2 2023

According to Kaspersky research (https://apo-opa.info/46X8CgY) on mobile cyberthreat dynamics in Q2 2023, threats for mobile devices are growing worldwide. In particular, the number of mobile threats for Android devices [1] detected and blocked by Kaspersky (www.Kaspersky.co.za) in the Middle East, Turkiye, and Africa (META) region increased by 5% in Q2 2023 when compared to the same period last year. Given the ubiquity of mobile devices in Africa, recording such an increase is a cause for concern.

 

Among the most prevalent mobile threats that were detected in Africa are adware and mobile banking threats. The Kaspersky report indicates substantial adware detections in Q2 2023, with a spike of 94% in Nigeria, 39% in Kenya and 27% in South Africa. There was also a notable increase in the detections of mobile banking trojans in Q2 2023, which are used to hunt for data related to online banking and e-payment systems.

 

“As Africa witnesses an upsurge in smartphone adoption, combined with the burgeoning trend of mobile banking, it’s imperative to address the inherent cybersecurity challenges that exist,” says Bethwel Opil, Enterprise Client Lead at Kaspersky in Africa.

 

“The region, with its tech-savvy demographic and dynamic digital landscape, offers a fertile ground for cybercriminals to exploit and our research shows that cybercriminals are doing just that. This underscores the necessity for a forward-thinking and proactive approach to mobile cybersecurity for consumers and businesses alike. From banking malware targeting mobile transactions to ransomware hijacking device data, cybercriminals are continually evolving their tactics. Another cyberattack vector that we see cybercriminals focus on, and particularly in Africa, is outdated software. A considerable number of users in Africa make use of low-end or older mobile devices that may lack the latest security features and updates, making them more susceptible to mobile threats. Against this backdrop, it’s not just about implementing cybersecurity solutions on mobile devices but also about educating users on best practices and the rapidly changing threat landscape.”

It’s not just about implementing cybersecurity solutions on mobile devices but also about educating users on best practices and the rapidly changing threat landscape

 

To mitigate against mobile cyberthreats, Kaspersky recommends:

 

  • Downloading apps only from official stores like the Apple AppStore or Google Play.
  • Regularly updating operating systems and apps.
  • Being cognisant of app permissions (access to camera, microphone, photos, contacts, etc.).
  • Implementing a trusted mobile security solution like Kaspersky Premium (https://apo-opa.info/3FtQBem).
  • Avoiding jailbreaking or rooting devices to benefit from automatic security updates.

 

“Mobile cybersecurity isn’t merely about deploying security software. It requires a holistic approach, blending technology, user education, and industry collaboration. As we navigate this digital age, Kaspersky is committed to strengthening Africa’s mobile cybersecurity landscape, ensuring that users can safely and confidently leverage the power of mobile technology,” concludes Opil.

NASENI, Agric Ministry Agree To Partner On Agro-Industrialization, Climate Change Mitigation & Others

NASENI, Agric Ministry Agree To Partner On Agro-Industrialization, Climate Change Mitigation & Others

 

 

The National Agency for Science and Engineering Infrastructure (NASENI) and the Federal Ministry of Agriculture and Food Security have commenced discussions on how to deploy existing technical competencies and other resources by the two institutions to improve agro allied-industries development targets, climate change mitigations and smart solar irrigation aimed at dry-season farming.

 

The trio of the Minister of Agriculture & Food Security, Senator Abubakar Kyari, the Minister of State, Hon. Sabi Aliyu Abdullahi and the Executive Vice Chairman and Chief Executive Officer of NASENI, Mr. Khalil Suleiman Halilu who held the meeting in Abuja yesterday 6th November, 2023 agreed that the nascent collaboration between NASENI and Agric Ministry was aimed at enhancing the focus and deliverables toward achievement of the Renewed Hope Agenda by the President Bola Ahmed Tinubu administration.

 

The Minister, Senator Abubakar Kyari gave insight to some of the essentials in the 8-Point Renewed Hope Agenda of the government, saying that about six of the eight socio-economic recovery programmes have the starting points in their achievements rooted in the success of the Agricultural sector, his ministry. Therefore, the Minister commended Halilu, EVC of NASENI and his team for having agriculture as one of the Agency’s target areas to work. “I won’t be tired of saying that President Bola Ahmed Tinubu has given my Ministry the responsibility to carry out one of the important programmes in the 8-point Renewed Hope agenda, which is food security and five others.” he said.

 

During the visit, Halilu was received not only by Senator Abubakar Kyari and the Minister of State, but all the directors in the Ministry were present at the meeting. Halilu said the Agency was ready to collaborate with the Ministry to boost agriculture and also achieve food security through technology adaptation and transfers.

 

Addressing the Ministry’s top government functionaries, Halilu explained that NASENI’s technical manpower, technologies and also international partners were ready to work in ensuring that Nigeria becomes self-sufficient in food production, food processing and exports. Part of the efforts in actualizing this goal, he disclosed, is the on-going NASENI Scheme to refurbish about 50,000 broken tractors across the country under the presidential initiative, aimed at bringing back the culture of large cultivation of lands for farming.

 

According to him, the management of NASENI has secured both local and international technical partners to work with the Agency to mass-produce Unmanned Aerial Vehicles (UAVs) for spraying of insecticides over vast farm locations, sustain afforestation, introduce solar-powered water irrigation to increase wet and dry season farming yields, cold chain food processing and agro-allied value chain additions for preservation and processing of foods in commercial quantities and exports.

Halilu said the collaboration plans with Agric Ministry includes crop traceability, rice straw project, mitigation of climate change through scientific and technological researches or innovations by NASENI to increase food production, value addition and ensue Nigeria’s dependence on food imports reduce significantly.

 

“We are embarking on development activities in agriculture from production to commercialization.  The key thing is how we can add value to our farm produce or raw materials before they are consumed or before exporting them out of our country. Also, as for foreign technologies brought into our country, we are seeking the cooperation and collaboration of the Ministry to transfer, domesticate and commercialize such technologies. In a nutshell, this is why we are here” Halilu stated.

 

The EVC said since assuming office, he has been receiving a lot of requests in terms of how NASENI could add value around agriculture from production all the way to the market. He disclosed that a recent outing by the Agency at the Belt and Road Initiative (BRI) Forum in China attracted about $6 billion dollars’ investment and about 40 per cent of the monies will be channeled to agriculture.

 

As his remark on the significance of the meeting, the Minister of State expressed appreciation of the visit by NASENI’s EVC and his team, describing the move as progressive and patriotic. He said the time to put an end to inter-ministerial competition and rivalry is now, rather, synergy and collaboration amongst government institutions should become the new culture and orientation.

He underscored the earlier statement by Senator Kyari that one of the Federal Government’s current priorities is food security. Therefore, he called for alignments with the Agric Ministry’s focus not only by NASENI but other Agencies with related functions in order to actualize the Government’s intentions to alleviate poverty, create jobs and tackle all other socio-economic ills in Nigeria society.

 

NCC Underscores Role of ICT in Fighting Financial Crimes    

NCC Underscores Role of ICT in Fighting Financial Crimes    

 

 

  • As Maida gets inducted into Hall of Fame

 

Nigerian Communications Commission (NCC) has said effective application of Information and Communication Technology (ICT) is critical in combating financial crimes by enabling real-time surveillance, regulatory compliance, and secure data processing, just as it sought a multidisciplinary and multi-stakeholder collaborations to address issue of illicit financial flows in the country.

 

Executive Vice Chairman (EVC) of the Commission, Dr. Aminu Maida, who was a speaker at the 11th Anniversary Lecture Series of RealNews Magazine in Lagos on Tuesday, where he was also inducted into the RealNews Hall of Fame in recognition of his outstanding contribution as Guest of Honour at the event, said robust ICT systems are critical for preventing and investigating financial crimes or mitigating the risks associated with virtual assets in the financial markets.

 

Maida, who was represented at the forum by the NCC’s Director of Public Affairs, Reuben Muoka, described financial crimes as “criminal activities that involve transactions, abuse, misuse, deception, or manipulation of financial systems for personal gain.” He said the crimes also include a wide range of offenses such as Insider abuse, money laundering, terrorism financing, embezzlement and all kinds of fraud.

 

He said while financial crimes do not only have a huge economic and social impact but can also be linked to violent crimes that lead to loss of lives, they also threaten the integrity, trustworthiness, stability, security, safety, and future of an entity such as a country, enterprise or an individual.

 

Maida told the audience comprising representatives of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Nigerian Financial Intelligence Unit (NFIU), among other stakeholders, that the scope of financial crimes has broadened and created further concerns as a result of increasing adoption of digital technologies, the emergence of new technologies, and the often-transnational nature of the crimes.

 

The Nigeria’s chief telecom regulator said though, as ICT systems get more complex, so do cybercriminal activities, just as criminal actors take advantage of the inherent and emerging flaws identified in the ICT systems exploiting these flaws and causing harm, the same technology has to be positioned to track movement of illicit movement of funds in and out of the country.

 

“Nigeria’s telecoms sector has grown significantly, resulting in massive amounts of data being generated on a daily basis, the advent of advanced data analytics and artificial intelligence (AI) provides a gateway to identify suspicious digital patterns indicative of crime.  Through partnerships with financial institutions data can be filtered to identify these suspicious patterns and nip them in the bud. These technologies provide real-time transaction monitoring, allowing for a proactive approach to crime prevention” Maida said.

 

Maida further stated that to combat financial crimes, innovative solutions such as blockchain, instant payments, artificial intelligence, machine learning, data analytics, regulatory technology solutions, and automated procedures are being deployed, adding that the use of technological tools has made it significantly easier to deal with financial crime while building a long term strategy for combating it.

 

Meanwhile, Maida stated that, aside ensuring increased access to telecommunications services, the Commission has established the Computer Security Incident Response Team (CSIRT),  a group of experts in the Commission to handles security incidents that can affect the operations of organisations and individuals; incorporated biometric authentication in the use of telecom services and financial transactions on telecom carriers with strict enforcement of compliance by the licensees; as well as enabling digital forensics, among others.

 

In addition to the need for public education and understanding of internet safety, which are important in limiting the risks linked with the spread of criminality via technology, Maida emphasized the need for increased collaboration and international cooperation to effectively tackle financial crime. “Also, continued investment in ICT solutions, as well as a multidisciplinary and multi-stakeholder strategy, combining technology specialists, legal professionals, and legislators, as a critical approach in keeping up with emerging criminal methods,” he said.

 

Vertiv Rewards African Partners in South Africa, Egypt, Kenya, Nigeria and Morocco Through Enhanced Partner Programme

Vertiv Rewards African Partners in South Africa, Egypt, Kenya, Nigeria and Morocco Through Enhanced Partner Programme

 

 

Invites New Local Distributors and Resellers To Join Programme

 

Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, has announced its enhanced partner programme for Africa, with a strong focus on rewarding its local network of expert distributors and resellers across South Africa, Egypt, Kenya, Nigeria and Morocco.

 

Says Jacqui Gradwell, field marketing manager for Africa at Vertiv: “The African data centre sector is set to see major growth over the next few years, with the region being referred to as the next frontier for the industry. In fact, a report released earlier this year by research company Arizton Advisory and Intelligence states that the local data centre construction market is set to grow at a compound annual growth rate (CAGR) of 10.7 percent, reaching USD 1.40 billion by 2028.

 

“The report maintains that this intensifying development is due to a number of factors, including the adoption of 5G, artificial intelligence (AI), government incentives and smart city initiatives. In particular, it notes increasing cloud investment in the region, with particular reference to countries such as Kenya, Nigeria and South Africa,” she continues. “Vertiv continues to grow our business in the African region, and our network of partners, distributors and resellers here are vital to achieving this.”

Vertiv’s portfolio offers access to one of the largest incremental opportunities in IT from core brands including Avocent®, Cybex™, Geist™ and Liebert®.

 

The Vertiv Partner Program comprises five reseller membership tiers: Silver, Gold, Platinum, Diamond and Diamond Elite. Each level brings with it benefits to partners, such as access to the Vertiv partner portal, which brings together all of the resources partners need to engage with the Vertiv team and allows partners to earn and redeem valuable rewards. This includes a personalised dashboard where partners can easily view the bonus points they have earned, see the incentives on offer and redeem exciting rewards.

 

Vertiv’s Incentive Programs, which are currently available in key African countries such as South Africa, Egypt, Kenya, Nigeria and Morocco, reward partners for their hard work. On buying eligible Vertiv products from Authorised Distribution Partners and signing up for the VIP (Vertiv Incentive Program), partners are rewarded with bonus points for every 100 Dollars in sales. For each product sold, partners earn points that are redeemable for a wide range of rewards. The incentive program includes:

 

  • VIP+: The VIP+ Program rewards Platinum-level partners for achieving a minimum quarterly revenue, enabling them to gain twice as much as the standard VIP;
  • e-VIP: Partners can earn more with the e-Commerce Incentive Program when they achieve a minimum quarterly revenue in Vertiv eCommerce product range; and
  • i-VIP: A new feature, allowing for the collection of individual points, which can then be spent in the rewards store. Here, individuals are rewarded for their activity on the partner portal.

 

Furthermore, partners are provided with access to the Vertiv Learning Platform, virtual and augmented reality tools, project assistance, and the Vertiv Marketing Center which provides ready-to-use assets, such as co-branded emails, social media posts, Google Ads and more. Partners are also able to quickly and easily design the best solution for their customers using the Vertiv Solution Designer and Product Selector Tool.

 

“Vertiv is committed to providing an industry-leading partner programme to give our African partners all of the support they need,” Gradwell concludes.

 

To sign up for the Vertiv Partner Program, please click here.

Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s data centres, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.

 

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

 

 

Building Business For The People and By The People

Building Business For The People and By The People

 

 

As technological advancements and market dynamics continue to evolve, staying ahead of the curve is no easy feat. For Senzo Mbhele, Managing Director at Tarsus On Demand, the vision for the future is rooted in the belief that a successful business should be built ‘for the people, by the people’.

 

What does the future hold for players in the cloud space? What is going to flip the switch between merely surviving and ultimately thriving? The key, Mbhele believes, lies in the hands of people who have been equipped to adapt and to face change with a sense of anticipation, rather than a fear of the unknown. Change, he believes, is not a technology concern. Rather, it is an area of great potential for people. According to Mbhele, the Tarsus On Demand approach to building and growing a thriving business revolves around three key strategies.

 

  1. Automation and efficiency

First and foremost, optimising the core is about ensuring that everything that should work does so efficiently. While automation takes centre stage in this endeavour, it should not be automation for the sake of it. “We’re taking a strategic effort to improve internal and external processes, procedures, and engagements. The goal is to make everything run smoother, to ensure that our people are adequately equipped with the skills, technology and most importantly, the time, to deliver service that delights both customers and partners.” Mbhele explains.

 

  1. Growth and innovation

The second pillar focuses on expansion and growth. Maintaining the status quo is not an option for any business, let alone Tarsus On Demand. “We are committed to creating a business that is focused on continuously pushing boundaries, exploring new offerings, services, and solutions to bring to the market. This progressive mindset is essential to ensure we remain relevant and competitive, today and tomorrow,” he continues.

 

  1. Nurturing the people: Attracting and retaining talent

A company is only as strong as the people who walk its corridors. Retaining and attracting the right talent is critical. It’s about creating a workplace where individuals not only want to work but thrive. Reducing churn and ensuring the right cultural fit are key components of this pillar.

 

“We will need to put in the work to ensure that our company culture reflects our values, including accountability, integrity, and collaboration, but by building a unified culture founded in a common purpose, the Tarsus On Demand brand can become a beacon of positivity in a challenging market.”

 

A vision for the future: A business built around people

Mbhele says that the vision for Tarsus On Demand is clear: “Our word is our bond, what we say we’re going to do, we get it done. We’re accountable, we value integrity, and we bring unique solutions to the market. We’re pioneers of change, not just in technology but in the way we make a lasting difference for our customers, partners, and the communities in which we operate. Tarsus On Demand is more than a cloud integrator; we are conduits for change. Success in the digital age demands not just technological prowess but a commitment to nurturing talent, embracing change, and building a positive brand that leaves a lasting impact on the world.”

 

National Commissioner/CEO of the Nigeria Data Protection Commission Addresses Digital Transformation and Data Protection at the 29th Nigeria Economic Summit

National Commissioner/CEO of the Nigeria Data Protection Commission Addresses Digital Transformation and Data Protection at the 29th Nigeria Economic Summit

 

 

Dr. Vincent Olatunji, the National Commissioner/CEO of the Nigeria Data Protection Commission, was a distinguished panelist at the 29th Nigeria Economic Summit’s lunch session. The session, titled “Digital Transformation: The Future of Work,” brought together prominent experts to discuss critical issues in the ever-evolving digital landscape.

Dr. Olatunji shared the panel with esteemed counterparts, including Kashifu Inuwa Abdullahi, the Director General of the National Information Technology Development Agency (NITDA Nigeria), and Ms. Mojolaoluwa Aderemi-Makinde, CCIE and Head of Brand and Reputation at Google, Sub-Saharan Africa.

During the engaging panel discussion, Dr. Olatunji underscored the paramount significance of trust and confidence in cross-border data transfers. He emphasized the necessity of adequacy decisions on instruments for ensuring appropriate safeguards in cross-border data transfer. In addition, he delved into critical topics such as data localization, skill acquisition, and the numerous opportunities within the Data Protection ecosystem, among other pertinent subjects.

Dr. Olatunji’s insights and expertise at the Nigeria Economic Summit underscore the commitment of the Nigeria Data Protection Commission to fostering a secure and thriving digital environment for businesses and individuals alike.

PalmPay to Lead “Future of Money, Security and CX” Discussions at AfriTECH 3.0

PalmPay to Lead “Future of Money, Security and CX” Discussions at AfriTECH 3.0

PalmPay to Lead “Future of Money, Security and CX” Discussions at AfriTECH 3.0

 

PalmPay, a leading African-focused fintech company committed to driving financial inclusion through technology, will lead the discussions on future of money, Fintech app security/safety and customer experience (CX), at the third Africa Tech Alliance Forum (AfriTECH 3.0).

 

AfriTECH 3.0 is scheduled to hold this Wednesday, November 08 2023 at The Providence Hotel, Oba Akinjobi Street, GRA, Ikeja-Lagos, under the theme: “Technology-as-a-Service (TaaS) in Emerging Economy.

 

PalmPay, a leading Africa-focused fintech platform committed to driving economic empowerment in Africa has been on the forefront promoting customer safety in the Fintech sub-sector.

 

Through its secure, user-friendly, and inclusive suite of financial services, PalmPay brings top-tier products into the pockets of everyday Nigerians.

 

PalmPay offers money transfers, bill payments, credit services, and savings on its app and via its mobile money agents.

 

Since launching in Nigeria in 2019 under a Mobile Money Operator license, the platform has grown to 30 million users, and 1.1 million businesses including 600,000 merchants and 500,000 agents are part of its cashless payment ecosystem.

 

The company has disclosed USD$140m of funding. The PalmPay app is available on Google Play Store and iOS App Store in Nigeria and Ghana, with more markets going live in 2023.

 

Speaking ahead of the session on Future of Money, Security and CX session at AfriTECH 3.0, Chika Nwosu, Managing Director, PalmPay, said that in building solutions to bring more customers from the informal into the formal sector, players in the fintech ecosystem should work on building customers’ trust as this is a key factor because customers have a lot of panic due to past experiences of failed banks.

 

“At PalmPay, we are centred on balancing security and user experience. We employ a closed-loop risk management system that involves continuous monitoring, analysis, and response to security threats. It allows us to detect and prevent risks in real time, reducing the potential impact of security incidents”, he said.

 

Speaking on the sidelines of the AfriTECH 3.0, Adeloju added, “In PalmPay we are happy with the opportunity to educate our users on how to safeguard their wallets, educate them on fraud issues and proffer safety tips to apply to limit fraudulent incidents.

 

He reiterated PalmPay’s commitment to strict adherence to regulations by government agencies like the CBN and NDIC which gives PalmPay users the confidence to trust that their money is safe.

 

Hosted by TechCastle Foundation in collaboration with Techeconomy and partners, AfriTECH 3.0 is a unique engagement platform for global thought leaders, regulators, and other stakeholders to discuss and collaborate on contemporary strategies for accelerating technology ecosystem in the African continent and globally.

 

Speaking ahead of the Forum on Wednesday, Mr. Chike Onwuegbuchi, co-convener of AfriTECH, said that other key topics to be explored include TaaS-driven last mile solutions, leveraging big data and artificial intelligence, inclusive product innovation, Driving ‘TaaS’ Model through infrastructure deployment, leveraging subscription model to survive tough economic times, cloud computing, omnichannel communications for improved CX, Consumer protection, fraud and data privacy, etc”.

 

The past editions of AfriTECH were well attended by C-Suite executives, investors, innovators, senior government officials from within and outside the Continent. With over 1,500 participants and feedback on the events overwhelmingly positive, the 2023 edition is much anticipated.

 

AfriTECH 3.0 is sponsored by PalmPay, Zoho Nigeria, the Nigerian Communications Commission (NCC), Digital Encode Limited, Inq.Digital, Notion Technologies, and Comercio Limited.

 

Others are, Africa Data Centres (ADC), Open Access Data Centres (OADC), Reliance Infosystem, Digital Realty, ActivEdge Technologies, WTES, ESET and a host of others.

 

Techeconomy, Nigeria CommunicationsWeek, RaveNewsOnline.com, ITPulse.com.ng, ITNews Nigeria, Swift Reporters, TechBuild.Africa, TechTrends.Africa, BusinessMetricsng.com, BusinessRemarks, DigitalTimesng.com, ITRealms.com.ng, GrassRoots.ng, TechTv, TechLifeWithUgo, DigiVation Network; TechnologyMirror, TechandBiz News; APNews, CyberEra, have demonstrated their support towards AfriTECH 3.0 actualization as media partners.

 

AfriTECH 3.0 is also backed by leading industry associations such as the Nigeria Computer Society (NCS); Association of Licensed Telecoms Operators of Nigeria (ATLTON); Association of Telecommunications Companies of Nigeria (ATCON); Information Technology Association of Nigeria (ITAN); InnovationBed Africa; Institute of Software Practitioners of Nigeria (ISPON), amongst others.

 

Register: https://africatechallianceforum.africa/ to Attend AfriTECH 3.0 FREE.

Halilu Targets First Quarter 2024 To Put NASENI Products In Nigeria Market 

Halilu Targets First Quarter 2024 To Put NASENI Products In Nigeria Market 

 

*Agency to Commercialise Products Via Technology Transfers

 

* Secures $200m Deal with REA on Renewable Energy

 

*Attracts Lots of Private Sector Requests 

 

The Executive Vice Chairman of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Suleiman Halilu has said his vision or direction for the Agency’s products and technologies is to make them available in every household in Nigeria in the next few years.
Nonetheless, Halilu disclosed in Abuja today that some tangible products emanating from NASENI’s prototypes will be in the market through technology transfer arrangements, specifically, by 1st quarter of year 2024.

 

“Expect some products from NASENI’s R&D efforts in Nigeria market during the first quarter of 2024”. The EVC/CEO disclosed this on Thursday November 3, 2023, during his maiden television media interaction held at the Agency’s headquarters in Abuja. Halilu said expectations from stakeholders of NASENI are very high as its activities must ensure transparency and focus to assist the Agency deliver on its mandate.

 

According to him, part of his preoccupations since assuming office in September is to give adequate attention to enhance the human capital potential of the Agency through improved motivation for staff to enable them adjust to the transformations to be introduced in the system. Also, he said stakeholders’ engagements and efforts to rebrand the Agency around its products and technologies have remained top priorities.

 

The New NASENI Chief Executive said that the era of stacking prototypes on shelves has ended in the Agency, saying that all its products and technologies must find their ways to the market.

“We are going to do a national re-branding to have footsteps of NASENI products in every household in the country. In the next few years this is what Nigerians should expect. We are no longer going to sit back to watch endless research and prototypes, keeping them on the shelves.

 

“We will take them to the market so that Nigerians can consume them. In fact, one of our next year plans is to have NASENI Showrooms in key cities of the country. So that NASENI products are not things you view only on televisions but anyone could walk into our product outlets to experience those technologies that we’ve been talking about. And that is another way we will be expecting the public to hold us accountable as part of the promises we made.”

 

The EVC/CEO further stated that he met lots of wonderful researches with over 150 products at prototypes level when he came on board. “However, the commercialization aspects are very little. Coming from my background of manufacturing and technology innovation, I believe the whole essence of doing research is to transform it into meaningful products that will have impacts on the economy.’’

 

“We are going to do this through technology transfer. Ever since we made the announcement to go into technology transfer particularly, especially the intention to have our products in the market, we have been receiving a lot of interests from private sector organisations looking out for our capacity, the spread and goodwill which we are endowed with being a government organisation and how they can partner with us.”

 

He recalled a recent trip to China by the top management of the Agency, led by the EVC/CEO himself: “we just came back from China with the Vice President from the Belt and Road Initiative (BRI) Forum where we signed a $2 billion dollar partnership MOU for technology transfer into Nigeria which is something we were able to achieve in just five weeks of operations. At the same forum, we received a lot of partners that provided letters of Intent to partner with us, to invest in the country’s economy amounting to $4 billion,”

 

The EVC said NASENI’s China trip has the potential to yield about $6 billion in foreign direct investment (FDI) to Nigeria. And the areas that the agency received interests were around Unmanned Aerial Vehicles (UAVs), Electric Vehicles (EVs), Agricultural equipment, Electronics and Electrical equipment and many others.

 

This effort he observed has sent a positive signal to the world and potential partners. “Everyone is looking forward to Africa, there is no better time than now to leapfrog development, reduction of unemployment and alleviation of poverty. We have resources in abundance and we have to add value to whatever we are doing.  One of the alarming things in our economy is the fact that we are adding little or no values to our commodities, yet we are heavily a consuming economy with a big workforce. We are trying to see how we are going to change that narrative; given the kind of mandate we have at NASENI”

 

Nigeria cannot afford to continue to export her raw materials, therefore we have set up strategies, outfits and partners to see to the kind of policies as well as government inputs to support our desire to add value to our commodities and raw materials before exports.

 

Mr. Halilu recalled that NASENI under him has rigorously been involved in lots of stakeholder engagements with many organisations showing interest in its activities for collaboration and products offtake. One of such partners, he said was the Rural Electrification Agency (REA), for example, which had committed itself to a whopping $200 million procurement agreement with NASENI as long as our agency could produce the kind of products they consume.”

 

He said that NASENI’s team has also conferred with the Minister of Science and Technology to explore areas of opportunities around gas, ditto, the Ministers of Information and Finance amongst other stakeholders. He added that lots of stakeholders’ have lined up and shown much interests in the new direction being charted by the New NASENI, and are willing to partner with the agency. The most recent of the stakeholders’ engagement took place on Wednesday this week when the management of the Agency, led by the EVC/CEO, met with members of the National Assembly, especially the Senate Committee on NASENI which has oversight function on the Agency.

 

“The distinguished lawmakers wanted products to come to the economy and NASENI too wants products to go into the market, so both we and the senators are on the same page in terms of expectation and the renewed hope to revamp the economy along the lines of productivity and development of the real sector.