Telecom
Pacer Ventures partners Founder Institute, Doles Out $3M Fund for Early-Stage African Startups
Pacer Ventures has announced a $3M fund for early-stage African startups that are solving some of the most critical problems on the continent.
The focus will be on verticals expedient to the African continent including healthcare, financial inclusion, education and agriculture.
The United Nations has projected that Africa will have a population of 1.68 billion people by 2030, while the GSMA Mobile Economy Report states that 84% of Africa’s population will have access to a sim connection by 2025.
This high mobile penetration has and will continue to enable the continent to leapfrog technology consumption, as Africa is expected to account for up to 30% of global consumption of technology and technology-driven solutions within the same period.
Gbemi Akande, managing general Partner at Pacer Ventures, said “We see a huge opportunity to support early-stage founders making meaningful contributions to their local economies and communities.
“We are providing much-needed funds to founders leveraging mobile penetration to solve problems at the ‘bottom of the pyramid’ across the continent,” he concluded.
Pacer Ventures has already begun to support early-stage founders by participating in seed rounds, including VPD.Money and others.
With an average cheque size of $100k, Pacer VC is positioned to add substantial value to its portfolio companies.
According to Antoinia Norman, Pacer General Partner in charge of Southern Africa, “we won’t just write a cheque, we will enable founders to work in and on their business, by supporting them every step of their journey, with technical and financial skills, team building, access to markets, resources, and our networks.”
The General Partners of Pacer VC have over 40 years of combined experience in consulting, marketing, entrepreneurship, deal flow sourcing and ecosystem development.
Pacer VC’s differentiator is the fund’s focus on sourcing high potential early-stage African startups, while leveraging its strategic partnership with Founder Institute chapters all over Africa to identify and recommend winning teams with solutions that meet market needs.
“Our partnership with Founder Institute gives us an undeniable edge particularly with quality deal-flow at an early stage, which we will leverage to strategically expand Pacer VC’s footprint across multiple African Markets,” said Chukwuemeka Agbata, Regional Director of Founder Institute in Africa, Co-founder, techbuild.africa
Speaking on the Pacer VC Investment thesis, Geoffrey Weli-Wosu, a General Partner at Pacer VC and Co-Founder at VoguePay and Domineum, stated, “We are leveraging our in-depth experience in startups, deal flow sourcing and ecosystem development to take advantage of the early-stage funding gap in Africa.
Our target is seed-stage founders and companies who are usually under the radar of a lot of investors. We know the markets, have access to the founders and our investment team is well qualified to execute this thesis.”
Telecom
NCC Holds Virtual Forum on A2P Licensing Framework
Nigerian Communications Commission (NCC) has hosted a virtual stakeholders’ forum to discuss the draft Application-to-Person (A2P) licensing framework.
The event, held on December 20, aimed to address challenges in the international A2P messaging space in Nigeria, including consumer protection, fraud prevention and industry fairness.
Dr. Aminu Maida, executive vice chairman (EVC)/ceo, Nigerian Communications Commission who was represented by Mrs. Chizua Whyte, Ag. Head, Legal and Regulatory Services of NCC, said A2P messaging plays a vital role in today’s digital world.
“A2P messaging drives efficiency, enhances communication and supports socio-economic development.
“It has become the go-to platform for businesses to send notifications, whether transactional, promotional or service-related, directly to consumers,” Whyte said.
She emphasized the importance of effective regulation, stressing that the NCC’s strategic focus is centered on three key stakeholders: the government, consumers and the industry.
Whyte noted that the proposed framework seeks to foster innovation, ensure fair and transparent operations and protect consumers.
“The NCC firmly believes that effective regulation stems from inclusivity and collaboration.
“This forum is an opportunity for all of us – operators, aggregators, businesses, service providers and consumers – to engage in meaningful discussions,” she said.
The commission presented the various feedbacks received as inputs into the A2P Licensing Framework and gave NCC’s responses to each of the observations and recommendations made by the licensees.
Mrs. Truddy Tony-Awusaku, Assistant Director at the Licensing and Authorisation Department of the NCC, presented an overview of the framework for international A2P messaging in Nigeria.
The NCC assured stakeholders that it would continue to engage internal and external stakeholders ahead of the final draft of the A2P Messaging Services Licensing Framework.
The commission invited stakeholders to provide feedback and recommendations to refine the framework and create a sustainable A2P messaging ecosystem.
Telecom
9Mobile Blames Network Outage on Data Center Fire in Lagos
9Mobile, mobile network operator, has blamed a network outage this week on a fire incident at its main data center in Lagos.
The fire is said to have happened on Tuesday night (December 17), leading to network issues for 9Mobile’s customers until Thursday.
9Mobile said it had experienced multiple fiber cuts which had led to some of the disruption.
Its customers have taken to social media to complain about a lack of voice and data services.
9Mobile is estimated to have more than 11 million mobile subscribers.
The latest outage follows a six-day outage that impacted the carrier in July.
“9Mobile sincerely apologizes for the recent service outages experienced by our valued customers which have affected our ability to provide voice, data, and internet services. We understand the frustration these disruptions have caused and deeply regret the inconvenience,” said 9Mobile in a statement.
“Our technical team has identified the root causes of the outages including a fire incident at our main data center in Lagos last night which severely impacted services, especially in the Lagos and South-West. We are grateful for the swift intervention of the Lagos State Fire Service, which helped prevent further damage.”
The cause of the fire was not revealed by the carrier.
Acknowledging the fiber cuts, 9Mobile explained that prior to the fire, a fiber cut on the backbone links in Lagos led to a total data outage across the country. Other vandalism incidents in Lagos and Abuja led to a total service outage in the southwest and a data service outage in the north of the country.
Telecom
Sytemap Announces 50% Discount on Verified Lands for Women, March 8–14, 2025
Sytemap, a trusted leader in land acquisition and technology solutions, is thrilled to announce a groundbreaking initiative designed to empower women through affordable and secure land ownership.
From March 8 to March 14, 2025, women—including professionals in Africa and the diaspora—will enjoy an exclusive 50% discount on plots from verified estate developers through the Sytemap platform.
This initiative, themed “Her Land, Her Future,” underscores Sytemap’s commitment to breaking cultural and economic barriers that have historically sidelined women from property ownership. Partnering with over 30 reputable estate developers, Sytemap is creating unprecedented opportunities for women to invest in land with confidence.
For decades, women in Nigeria and across Africa have faced significant hurdles in land acquisition, including high costs, fear of fraud, and societal biases. In fact, studies show that 65% of victims of land scams in Nigeria are women.
Sytemap’s CEO, Nnamdi Uba, stated, “Women have long been marginalized in land ownership, a critical path to building wealth and security. Our mission is not only to make land ownership accessible but to eliminate the fears and uncertainties that hold women back.”
With this initiative, Sytemap leverages its reputation for transparency and cutting-edge technology to offer a simple, scam-free, and empowering process for land purchase.
The campaign is designed to resonate with young professionals, particularly women with good-paying jobs who are ready to invest in their future. For women in the diaspora, the initiative offers tailored support, including seamless international payment options and an innovative plot-monitoring app that allows buyers to manage their investments from anywhere in the world.
Key Features Include:
50% Discount: Available only during the trade fair window (March 8–14, 2025).
Verified Estates: Secure locations vetted by Sytemap and trusted developers.
Flexible Payment Plans: Options to spread payments over several months to ease financial stress.
Digital Monitoring: A dedicated app to track land purchases and allocation progress.
Guaranteed Transparency: Every outright payment comes with instant, verifiable certificate allocation, with land documents delivered within three weeks.
This initiative will launch during the “Sytemap Land Trade Fair 1.0,” an event bringing together key stakeholders, women’s organizations, and influencers to celebrate this transformative moment. Women in the diaspora are encouraged to participate and take advantage of this life-changing opportunity.
Imagine a future where women are equal stakeholders in property ownership, shaping communities and securing generational wealth.
Sytemap invites women across Africa and the diaspora to claim their space and rewrite the narrative of land ownership.
For more details and to reserve your plot, visit https://sytemap.com/women.
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