E-Business
Konga to Employ over 1m Nigerians, Others by Year 2025

Konga, Nigeria’s leading composite e-commerce giant, is set to become one of the biggest employers of labour in Nigeria after unveiling plans to provide meaningful employment opportunities for over 500,000 Nigerians as well as another 500,000 in other African countries by 2025.
The development will see Konga not only top the employment charts in the private sector but will also see the company rival government and sub-national entities in terms of employment figures, while also significantly contributing to ameliorating the worrisome unemployment situation in Nigeria and other Africans as it prepares for strategic African expansion.
The ambitious plan, feelers from within the e-commerce group have revealed, will go a long way in re-writing the narrative for many under-employed and unemployed youths in Nigeria.
Specifically, the management of Konga intends to channel its considerable resources in developing creative employment for hardworking and aspiring youths across Nigeria.
In addition to offering many a chance to join the Konga Group’s retail revolution through its existing and new subsidiaries being unrolled across verticals; other interested beneficiaries will also get opportunities to become members of Konga’s fast-growing affiliates which ultimately grants successful candidates life-long partnerships with the company.
The Konga Group currently provides direct and indirect employment for well over 250,000 Nigerians across its multiple entities, including its growing chain of over 35 retail stores scattered across Nigeria; the Konga Marketplace, a game-changing initiative which it pioneered in Africa; KongaPay, a Central Bank of Nigeria-licensed Fintech platform; Kxpress, an ambitious digital logistics company with huge delivery assets; Konga Travel, an award winning IATA-certified revolutionary travel and tours company; the recently launched Konga Health, a digital health care distribution chain and the soon-to-be launched Konga Food, among many others.
Nick Imudia, Co-CEO, Konga Group while chatting with new hires virtually, disclosed the motivation behind the massive job creation drive.
‘‘We are passionate about giving as many Nigerians and Africans who are qualified and ready to work the opportunity to find meaningful expression of their talents.
“Example is our partnership with Edo Stae Government which shall not only employ thousands of youths, but shall enhance and facilitate activities for SMEs in the state to become global corporate citizens.
‘‘This is because we believe, in line with the Konga mantra, that this will help them find happiness and live fuller, richer lives. But it doesn’t just end with the unemployed.
“Our research has shown that there are quite a number of under-employed Nigerians, many of who can make a difference across board, if given a chance.
‘‘Therefore, as a strong corporate citizen and in line with the status of the Konga Group as a company built as a public trust, Management has set an ambitious target to employ over 500,000 Nigerians by the year 2025.
“This is no mean feat by any standards, but at Konga, we are known for never shying away from confronting challenges and surmounting them.
‘‘We will be rolling out these creative employment opportunities soon and we are confident that it will offer many Nigerians who are determined to achieve, a useful avenue to, not only find gainful employment, but also create employment and wealth for others,’’ he stated.
Acquired by the Zinox Group in November 2018 in a landmark development that has been described as one of the most brilliant Mergers and Acquisition in the business world, the Konga Group has been transformed into unarguably one of the leading players in the African e-commerce space, with a string of innovative strategies backed by an impressive growth trajectory that has catapulted the business intothe first e-Commerce platform to hit profitability on the continent.
E-Business
Huawei Unveils AI Computing System to Challenge Nvidia’s Flagship Product

China’s Huawei Technologies unveiled an AI computing system on Saturday that an industry expert said rivals Nvidia’s most advanced product, as the company aims to expand its footprint in the country’s booming AI sector.
The CloudMatrix 384 system made its public debut at the World Artificial Intelligence Conference (WAIC), a three-day event in Shanghai, attracting a large crowd to Huawei’s booth with its showcase of cutting-edge AI innovations.
The system has attracted significant interest from the global AI community since Huawei (HWT.UL) first introduced it in April. Industry analysts see it as a direct challenger to Nvidia’s GB200 NVL72, the most advanced system-level offering currently available from the U.S. chipmaker.
In an April article, Dylan Patel, founder of semiconductor research firm SemiAnalysis, stated that Huawei now possesses AI system capabilities that could surpass those of Nvidia.
Huawei staff at its WAIC booth declined to comment when asked to introduce the CloudMatrix 384 system.
A spokesperson for Huawei did not respond to questions.
Huawei has become widely regarded as China’s most promising domestic supplier of chips essential for AI development, even though the company faces U.S. export restrictions.
Nvidia CEO, Jensen Huang told Bloomberg in May that Huawei had been “moving quite fast” and named the CloudMatrix as an example.
The CloudMatrix 384 system features 384 of Huawei’s latest 910C chips and, according to SemiAnalysis, surpasses Nvidia’s GB200 NVL72 in certain performance metrics, despite the latter using 72 B200 chips.
SemiAnalysis attributes this performance advantage to Huawei’s strong system design, which offsets the lower power of individual chips by leveraging a greater number of them and incorporating system-level innovations.
Huawei describes the system as utilizing a “supernode” architecture that enables ultra-high-speed interconnectivity between chips.
In June, Zhang Pingan, CEO, Huawei Cloud confirmed that the CloudMatrix 384 was already operational on Huawei’s cloud platform.
E-Business
Transcorp Hotels Delivers Stellar H1 Results, Declares Over ₦1Bn Dividend

Transcorp Hotels Plc has delivered a stellar performance in the first half of 2025, recording a 60% year-on-year surge in revenue to ₦47.57 billion, up from ₦29.72 billion in H1 2024. Gross profit climbed 71% to ₦36.21 billion, maintaining a strong 76% margin despite inflation and operational headwinds.
The hospitality giant, a subsidiary of Transnational Corporation Plc, also announced an interim dividend payout of ₦1.024 billion — offering ₦0.10 per 50 kobo ordinary share to shareholders.
In a bold move, the company unveiled Nigeria’s largest corporate venue — the 5,000-seat Transcorp Centre — staking its claim as the new leader in event hospitality. Chairman Emmanuel Nnorom described the results as proof of Transcorp Hotels’ transformative strategies and unwavering investor commitment. MD/CEO Uzo Oshogwe attributed the success to relentless execution and a resilient business model.
Transcorp Hotels, renowned for iconic assets like Transcorp Hilton Abuja and its digital platform Aura, says it isn’t just leading Nigeria’s hospitality sector — it’s redefining excellence across Africa.
E-Business
Microsoft Servers Hacked by Chinese Groups

Chinese “threat actors” have hacked Microsoft’s SharePoint document software servers and targeted the data of the businesses using it, the firm has said.
China state-backed Linen Typhoon and Violet Typhoon as well as China-based Storm-2603 were said to have “exploited vulnerabilities” in on-premises SharePoint servers, the kind used by firms, but not in its cloud-based service.
The US tech giant has released security updates in response and has advised all on-premises SharePoint server customers to install them.
“Investigations into other actors also using these exploits are still ongoing,” Microsoft said in a statement.
The firm said it had “high confidence” the hackers would continue to target systems which have not installed its security updates.
It added that it would update its website blog with more information as its investigation continues.
Microsoft said it had observed attacks in which hackers had sent a request to a SharePoint server “enabling the theft of the key material by threat actors”.
Charles Carmakal, chief technology officer at Mandiant Consulting firm, a division of Google Cloud, told reporter, it was “aware of several victims in several different sectors across a number of global geographies”.
Carmakal said it appeared that governments and businesses that use SharePoint on their sites were the primary target.
A number of adversaries who stole material encoded by cryptography were then able to regain ongoing access to the victims’ SharePoint data, he said.
“This was exploited in a very broad way, very opportunistically before a patch was made available. That’s why this is significant,” Carmakal said.
Carmakal said the “China-nexus actor” was deploying techniques similar to previous campaigns associated with Beijing.
Microsoft said Linen Typhoon had “focused on stealing intellectual property, primarily targeting organizations related to government, defence, strategic planning, and human rights” for 13 years.
It added that Violet Typhoon had been “dedicated to espionage”, primarily targeting former government and military staff, non-governmental organizations, think tanks, higher education, the media, the financial sector and the health sector in the US, Europe, and East Asia.
Meanwhile, Storm-2603 was “assessed with medium confidence to be a China-based threat actor”.
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