Telecom
Huawei Plans $150m Investment in Digital Talent Development
Huawei, telcoms giant has unveiled its plans to invest $150 million in digital talent development over the next five years.
This programme will be beneficial to about 3 million youths.
“Today we are announcing Huawei’s Seeds for the Future Program 2.0. As part of our commitment to continuously develop talent, we will invest US$150 million in this program over the next five years and help college students and young people improve their digital skills. This program is expected to benefit another 3 million people,” said Liang Hua, chairman, Huawei in a statement.
In 2008, Huawei began to expand its talent development programs, through scholarships, technology competitions, and digital skills training, and has invested more than US$150 million in these programs. Huawei has tremendously benefited more than 1.54 million people from over 150 countries.
Seeds for the Future is a program that aims to help cultivate young talent around the world, providing them with training from global ICT experts on the latest technology to help them develop the skills and mindsets needed to be competitive in the workplaces of the future.
Huawei introduced this programme to Africa in 2014. Over the past years, the program has benefited nearly 2,000 students in more than 25 African countries. The program and Huawei’s efforts in ICT talent development has been recognized by many African governments.
Dr Isa Pantami, minister of Communications and Digital Economy, stated that “Nigeria is positioning to be the continent’s leader in digitalisation. Burkina Faso already has a ministry of digital economy but we have so many advantages”
The advantages, according to him, include the country’s population and location, the contribution of the ICT to Gross Domestic Product, and the level of the ICT literacy among Nigerians.
He added the government would henceforth be proactive in the ICT through effective application of emerging technologies such as Artificial Intelligence, Internet of Things, Robotics, and Virtual Reality.
He noted that in a few years, Nigerians might no longer need to travel to India or other foreign countries for medical treatment, as surgeries could be performed on patients anywhere in the world by means of 5G technology.
He urged the 10 Nigerian students selected from different institutions for the Huawei internship programme to see themselves as future entrepreneurs in order to make the best of the opportunity.
“The ICT has the potential of employing and lifting millions of Nigerians out of poverty,” the minister added. He commended Huawei for investing in the youths as part of its corporate social responsibility engagements.
Mr Trevor Liu, managing director of Huawei Technologies Nigeria Limited, stated that Nigeria has the largest population in Africa.
“These youth are the continent’s greatest resource which will power the economy in the future. Huawei partners with the Nigerian governments, education institutes and industry to equip the future leaders with the latest knowledge at the highest global levels and provide them opportunities to apply the knowledge in order to achieve a better future for the continent,” Liu said.
TECNO SPARK 30 city tour made a memorable stop at Ikeja City Mall on November 15th, bringing with it an infectious energy that electrified the entire city.
As the event unfolded, it was clear that this was more than just a product showcase – it was an immersive experience designed to thrill and delight.
The day’s festivities kicked off with the iconic TECNO SPARK 30 transformer bus, painted in bold red and blue hues, rolling into action.
The bus served as the hub for a games grotto, where fans immersed themselves in thrilling digital games and adventures.
Outside, the excitement spilled over, with attendees engaging in friendly competitions of Jenga, Monopoly, Ludo, and chess.
These games sparked laughter, playful banter, and a sense of camaraderie among strangers.
As the games heated up, so did the rewards. Purchasers of the TECNO SPARK 30 Pro enjoyed a N20,000 discount and a chance to win up to 100% cashback by participating in the games.
The atmosphere was electric, with cheers of victory, enthusiastic applause, and celebratory high-fives.
The excitement reached a fever pitch with the arrival of tech and lifestyle creator Kagan, accompanied by Big Brother Naija Season 9 stars Victoria and Ruthee.
The trio dove into the action, competing in games and claiming victory. They were awarded TECNO-branded gift items, earning cheers and applause from the thrilled crowd.
The event was an unforgettable experience, leaving a lasting impression on all who attended.
During peak shopping days, this threat intensifies.
Here’s what happens: with the surge in online deals, more employees may be shopping from their work computers, feeling that Cyber Monday is a legitimate time to do so.
This increases the risk of them clicking more freely and potentially exposing the organization to malicious links or phishing attacks.
To keep your organization safe, encourage your team to follow these simple tips:
• Don’t click deals in email that look too good to be true or are from businesses you don’t have accounts from – these could be phishing emails hoping to bait you into clicking links to bogus, malicious web sites.
This season, small steps can make a big difference in protecting against cyber threats.
MTN Nigeria Communications Plc has announced plans to issue up to N50bn in Series 13 and 14 Commercial Paper Notes under its N250bn Commercial Paper Issuance Programme.
This proposed issuance aligns with the company’s strategy to broaden its funding sources and strengthen its liquidity position.
The proceeds from the issuance are earmarked to support MTN Nigeria’s short-term working capital needs, enabling the company to sustain its operations and meet financial obligations effectively.
In a statement to the Nigerian Exchange Limited (NGX) and the investing public, MTN Nigeria emphasized its commitment to maintaining financial stability and operational efficiency.
According to the statement signed by Uto Ukpanah, company secretary, further details regarding the structure, pricing, and timeline of the issuance will be disclosed to the market in due course, as MTN Nigeria continues to engage with stakeholders and regulatory authorities.
MTN Nigeria recently completed its series 10 commercial paper issuance under its upsized N250bn commercial paper issuance programme.
The telecom giant said it sought to raise N72.1bn and the offer recorded 149 per cent subscription with N72.1bn issued.
The 266-day commercial paper was issued on 29 November 2023 at a yield of 16 per cent.
The CP issuance aligns with MTN Nigeria’s strategy to continue diversifying its funding sources and reducing its average cost of debt. The proceeds will be applied towards short-term working capital requirements.
Karl Toriola, chief executive officer, MTN Nigeria said. “We are pleased with the support received from the investor community, having recorded a 149 per cent subscription from a broad range of investors. This reflects NTN Nigeria’s robust financial capacity, brand strength, and market leadership amidst the upward pressure on interest rates”
Stanbic IBTC Capital Limited played the role of Arranger and Dealer with ARM Securities Limited. Chapel Hill Denham Advisory Limited, Coronations Marchant Bank Limited, FCMB Capital Markets Limited, Quantum Zenith Capital &Investments Limited, Rand Marchant Bank Limited, and Vetiva Capital Management Limited played the role of Joint Dealers on the transaction.
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