Telecom
Pacer Ventures Launches Pacer Labs to Support Digital Acceleration in Africa
Sub-Saharan Africa venture firm Pacer Ventures is set to further unlock the power of digital transformation in Africa with the launch of Pacer Labs, a software development firm born to support the African digital ecosystem and the growth of forward-looking organisations by harnessing the power of advanced technologies.
Projections indicate that Africa will be the world’s next tech talent center due to the emerging mobile population.
This in turn inspires Pacer Labs’ confidence for the future market in Africa, positioning them at the forefront of the push towards maximising the tech talent of the African economy.
Ray Sharma, chairman, Pacer Labs and Founder, Extreme Venture Partners and XtremeLabs, says “Pacer Labs aims to become Africa’s leading software development firm as measured by sales and employees by 2025, leveraging the success of XtremeLabs and a soon-to-be-announced global partner for the success of Pacer Labs and its customers. Africa has risen. Pacer Labs is set to help deliver efficiency and digital transformation.”
The true acceleration potential of the African continent lies in the rapid spread of mobile digital technology, which will help the region in economic development. Mobile technologies and services generated 9% of GDP in sub-Saharan Africa in 2019, representing $155 billion in economic value-added. This figure will reach $184 billion by 2024.
Gbemi Akande, director, Pacer Labs, speaking on the launch stated: “The creation of Pacer Labs is deeply rooted in the organization’s belief in the African continent. Pacer Ventures and Pacer Labs are positioned in such a way that they will help deepen the development of technology in Africa.”
“Pacer Labs will ensure that the development needs of organizations and governments are met in a timely and cost-effective manner, while soon-to-be-launched Pacer University will be another curated platform by Pacer Ventures to equip startups and executives with the required technology skills,” said Geoffrey Weli-Wosu, General Partner at Pacer Ventures and Co-Founder of VoguePay.
This means that the organization will support in solving some of the most critical problems on the continent while facilitating the development of African enterprises, primarily early-stage startups, mid-market enterprises and large corporates through experience design, product development, engineering and digital transformation.
Chukwuemeka Fred Agbata, regional director of Founder Institute Africa noted, “It is due to the rapid growth of startups in Africa that world-class development companies like Pacer Labs are born, while Founder Institute will ensure that forward-looking startups are given the opportunity to get access to world-class development tools and resources that will aid their continuous growth.”
The end-to-end solutions provided by Pacer Labs will help enterprises design, build and scale solutions that drive customer satisfaction, streamline operations and gain a competitive edge on both existing products or a new application.
The Lab intends to partner with clients to tackle the toughest challenges and bring ideas to life.
Telecom
NCC Calls on Judiciary to Champion Nigeria’s Digital Transformation
Nigerian Communications Commission (NCC) has emphasized the judiciary’s crucial role in Nigeria’s digital transformation. During the Annual Workshop for Judges on Legal Issues in Telecommunications, Executive Vice Chairman Aminu Maida highlighted the judiciary’s reliance on digital tools to enhance justice delivery.
He stressed the need for special protections for telecommunication infrastructure, which faces disruptions from vandalism, theft, and restricted access.
Maida called for judicial support to implement the Presidential Order designating telecommunications infrastructure as Critical National Information Infrastructure.
This order prohibits unauthorized actions against such infrastructure without a lawful court order.
The judiciary’s role in protecting fundamental rights, enforcing digital contracts, and developing digital jurisprudence is vital for Nigeria’s digital transformation.
Chief Justice of Nigeria, Justice Kudirat Kekere-Ekun, commended the NCC’s efforts to protect consumers from unfair practices and emphasized the judiciary’s commitment to the telecommunications sector.
She highlighted concerns such as cybersecurity risks, consumer data protection, and the need for improved dispute resolution frameworks within the digital economy.
The workshop aims to equip judicial officers with the technical expertise required to address emerging legal challenges in telecommunications.
Nigeria’s digital economy has significant growth potential, with projected revenues of $18.30 billion by 2026, expected to create employment opportunities, reduce poverty, and promote innovation.
The NCC is working with key stakeholders to ensure the seamless implementation of the Presidential Order and to keep Nigeria competitive in the global digital economy.
Telecom
Empowering Nigerian Entrepreneurs: 15Wins Ventures Unveils Z-Habitat Hub
15Wins Ventures, a Dutch-based venture builder, officially launched Z-Habitat Hub in Lagos on Thursday, October 24, 2024, marking a new chapter in the company’s efforts to support innovation and entrepreneurship in Nigeria.
The launch was attended by key dignitaries, including The Netherlands Ambassador to Nigeria, His Excellency Bengt van Loosdrecht; The Netherlands Consul General in Lagos, His Excellency Michel Deelen; Sonia Onovughakpo Fajusigbe, Policy Advisor on Entrepreneurship, Youth Employment & Health Care, Consulate General of the Netherlands in Lagos; Valkamiya Ahmadu, Senior Policy Advisor on Economic & Political Affairs (Abuja); and Adebola Adebowale, Chief Program Analyst for Lagos State.
Commenting on the significance of Z-Habitat in driving innovation and creating equitable opportunities for underserved communities, His Excellency Bengt van Loosdrecht said, “We see Z-Habitat Hub as a powerful connection point – a place where ideas can take root and thrive through collaboration.
“Many people in the west do not realize that Nigeria is a country on the brink of transformation.
“The domestic private sector, driven by young, well-educated individuals, is flourishing. This is a dynamic I have seen in other rapidly developing regions, and I believe Nigeria’s youth are on the cusp of an exciting future.’’
His remarks preceded the ribbon-cutting ceremony, which officially opened the hub’s doors to the Nigerian innovation ecosystem.
The Z-Habitat Hub will host various programs, including workshops, mentorship sessions, and networking events, all aimed at empowering Lagos’s startup ecosystem.
The hub’s mission aligns with 15Wins Ventures’ goal to build a sustainable foundation for African tech development, bridging resources from its base in the Netherlands to local talent in West Africa.
Reflecting on the vision behind Z-Habitat, Nelson T. Ajulo, Chief Executive Officer of 15Wins Ventures, highlighted the hub’s role as a transformative force within Lagos startup ecosystem.
“Z-Habitat is a place where technology, creativity, and entrepreneurial spirit come together.
“Our mission is to provide local entrepreneurs and creatives with the resources, mentorship, and networks they need to turn their ideas into impactful solutions,” he said.
“Through Zarttalent, we have trained nearly 500 students and provided scholarships to underserved women. Now, with Z-Habitat, we are expanding our commitment to empowering Nigeria’s youth and broader community.’’
Guests were welcomed with a guided tour of the facility, led by Nelson, offering a firsthand look at the state-of-the-art workspaces.
The event also featured an energetic performance by local drummers and a showcase of creative expressions by local artists.
The launch of Z-Habitat underscores 15Wins Ventures’ commitment to fostering homegrown innovation and providing a structured, supportive environment for Nigerian entrepreneurs.
As Lagos startup landscape continues to thrive, Z-Habitat is poised to play a critical role in helping entrepreneurs turn their ideas into impactful solutions that drive long-term growth.
Telecom
Treepz Drives Innovation, Wins Top Honors at African Union Event
Treepz, Africa’s leading corporate mobility startup, has been awarded the Best Startup Pitch in Africa at the 15th Annual African Union Private Sector High-Level Conference, held in Lusaka, Zambia on October 31st – November 2nd, 2024.
Amidst the line-up of startups that pitched at the conference, this award, organized by the Global Innovative Initiative Group (GIIG), was presented to Treepz in recognition of its innovative contributions and significant impact on transforming the mobility landscape across Nigeria, Ghana, Uganda, and Kenya.
In addition to winning the Best Startup Pitch in Africa award, Treepz was recognized across the continent and was awarded $5000 and $3,500 from the African Export-Import Bank (Afreximbank) and Google, respectively.
Commenting on the award, Onyeka Akumah, Founder and CEO of Treepz, stated, “We are honoured to have received several recognitions on the continent, including the Best Startup Pitch in Africa, for our work in the mobility sector across four countries”.
“We are also grateful to Jo Griffiths, Founder of GIIG for the extended invitation to pitch at the prestigious African Union private sector conference.
“The invitation speaks to our footprints in Africa and how we have consistently delivered exceptional mobility services to our customers, both home and beyond”, Onyeka added.
Global Innovation Initiative Group (GIIGvelopment and People at Treepz delivered the pitch and received the award on behalf of the startup.
She expressed her excitement, noting that Treepz is well-positioned to significantly empower millions of daily commuters through the advancement of shared mobility across Afric) is a venture capital investment firm committed to enabling African tech entrepreneurs to thrive in businesses that pioneer innovative global solutions that meet the most pressing challenges of the time.
- News3 days ago
How Hackers Manipulated, Stole N622m from Interswitch within Minutes- Police
- Telecom2 days ago
AfriTECH 4.0 Holds in Lagos Today
- Telecom3 days ago
Wole Abu Takes over as Funke Opeke Resigns as MD of MainOne
- Telecom3 days ago
MTN Nigeria Posts N514.9Bn Loss as Subscribers Drop in Q3
- Telecom2 days ago
Telcos Scale Down on Network Investments to Reduce Forex Losses
- E-Financial2 days ago
Kekere-Ekun, CJN Blames Reliance on Telecom Services for Online Banking Glitches
- E-Business1 day ago
inq. Nigeria Celebrates Double Win at Tech Innovation Awards (TIA) 2024
- E-Financial3 days ago
UBA Banks on Technology to Spur Growth in Africa