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VC4Africa’s DEMO Africa 2014 Begins Tomorrow

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The all important DEMO Africa 2014 begins tomorrow in Lagos and VC4A Investor Summit at DEMO Africa in Lagos is expected to create opportunities for 14 Nigerian start-ups among 40 from Africa, to meet investors, among other interesting stories from the event.

Dr. (Mrs) Omobola Johnson will lead other guests at the opening of the event.

VC4Africa presents the Investor Summit the “Future of Angel Investing in Africa” the first time angel investors come together from across the continent to connect as a Pan-African network.

Speakers and panelists include Jason Njoku (iROKO, Spark), Tomi Davies (Lagos Angels Network), Baybars Altuntas (European Business Angel Network), Leonard Stiegeler (Ringier), Dipo Adebo (Angel investor), Dehab Ghebreab (US State Department), Collins Onuegbu (Lagos Angels Network), Sylvia Brune (88MPH), Viktor Okigbo (IDEA Nigeria), Dr. Inderpal Mumick (Kirusa), Tope Ajao (Leadpath), Ben White (VC4Africa) and others.

Over thirty investors have confirmed their attendance.

These investors, both local and international, include angel investors, impact investors, venture capital funds, and corporate venture capital actors; all focused on early stage SME investing in Africa.

The Wednesday afternoon Investor Summit will conclude with an exclusive (investor-only) cocktail on the evening of September 24.

After this, on Thursday and Friday, September 25 & 26, Africa’s Top 40 innovative entrepreneurs will launch their new products on stage at the DEMO Africa event. All this takes place at the Oriental Hotel in Lagos, Nigeria.

Entrepreneur and investor community VC4Africa initiates the Investor Summit at DEMO Africa following the Investor Roundtable VC4Africa organized & co-chaired at the 5th EU-Africa Business Forum earlier this year.

Ben White, VC4Africa’s CEO and Founder, said, “Going into the third year of DEMO Africa, we are excited to introduce a new exclusive investor-only event as part of the DEMO Africa 2014 event. This is the next step in making sure the leading innovators from across the continent are going to get the backing they need to achieve scale. At the same time, we see angel networks emerging across the continent. Now is the time to bring them together in a shared conversation about how best to move forward.”

The program of the Investor Summit focuses on knowledge exchange between the continent’s various angel investors and angel investor networks and focuses on the road-map of the future of angel investing in Africa.

The event is then followed by 40 demo presentations by the continent’s top up and coming entrepreneurs at DEMO Africa.

After a word of welcome by DEMO Africa’s executive producer Harry Hare (DEMO Africa), David van Dijk (VC4Africa) will set the scene for the Investor Summit afternoon, followed by Jason Njoku (iROKO, SPARK) who will deliver the key note “Lessons learned from investing in Africa”.

A case study of a recent angel investment deal will be presented by entrepreneur Tunji Owolabi (CEO of Hutbay) together with his lead investor Dipo Adebo (Nigerian angel investor).

This is an exciting opportunity to hear about the process of closing a deal both from the viewpoint of the involved investor and entrepreneur!

Two Sage Panels will focus on “The Current State of Angel Investing in Africa” and “Moving Forward – The Roadmap for the Future”. The panelists of the first panel are Collins Onuegbu (Lagos Angels Network), Sylvia Brune (88MPH), Dr. Inderpal Mumick (CEO Kirusa), Tope Ajao (Leadpath).

The panelists of the second panel are Viktor Okigbo (IDEA Nigeria), H. Tomi Davies (Lagos Angels Network), Baybars Altuntas (EBAN), Leonard Stiegeler (Ringier). Both panels are moderated by Ben White (VC4Africa).

Also part of the program is a presentation by Baybars Altuntas of the European Business Angel Network.

He will share best practices from European angels and present an exciting initiative to launch a Pan-African Business Angel Network, following the successful launch of similar regional networks in the Middle East and Eastern Europe.

After final conclusions the participants are invited to a closed (investor only) cocktail to talk more.

 

 


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E-Business

NITDA Invites Public Input on Guidelines for IT Projects and Regulatory Instruments

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The National Information Technology Development Agency (NITDA) is seeking public feedback on several draft documents related to Information Technology (IT) projects and regulations. This aligns with NITDA’s commitment to an open and collaborative rulemaking.

The legal Documents Open for Public Review are:

  1. Guidelines for Licensing IT Projects Clearance Compliance Assurance Firms 2024;
  2. Regulatory Guidelines for Electronic Invoicing in Nigeria;
  3. Guidelines for Software Development; and
  4. Guidelines for Software Testing.

NITDA is also proposing the amendment of the Guidelines for Clearance of IT Projects for Federal Public Institutions (FPIs). guidelines, initially issued in 2018.

The Guidelines for Licensing IT Projects Clearance Compliance Assurance Firms 2024 aims to ensure that IT projects within Federal Public Institutions (FPIs) are managed and implemented according to approved and established standards, regulations, and best practices.

The instrument will regulate and professionalise the clearance of IT projects, ensuring that FPIs IT projects and initiatives are effectively conceptualised, designed, evaluated, and compliant with relevant Federal Government extant rules and standards in line with the Federal Government’s digital infrastructure goals and the Renewed Hope Agenda.

The Regulatory Guidelines for Electronic Invoicing is designed to promote transparency and deepen the use of technology for e-government automation as well as support the fiscal development of Nigeria through prudent administration of government revenue.

The guidelines will improve tax compliance, enhance efficiency and enhance standardisation and interoperability, thereby ensuring that Nigeria is ready for international digital commerce.

The Guidelines for Software Development establishes the minimum requirements for the development of software to be used by Nigerian government entities. It ensures that all software meets quality, security, and operational standards, promotes the growth of the local software testing market, and enhances the efficiency and effectiveness of government services.

The objectives of the guideline are to ensure that software is fit-for-purpose, meeting functional and non-functional requirements, and protect government institutions from operational risks through security, reliability, and performance standards.

To Participate:

These draft documents have undergone internal review and stakeholder consultations. NITDA now invites the public to contribute their feedback by reviewing the documents available for download at: https://nitda.gov.ng/draft-regulatory-instruments/

Public participation is crucial for NITDA to develop comprehensive and effective regulatory instruments.

By considering diverse perspectives, NITDA can ensure these guidelines best serve the needs of the IT industry and promote the development of a thriving digital economy in Nigeria.

Stakeholders are advised to  send in their review to [email protected] on or before 26th November 2024.

 


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inq. Nigeria Celebrates Double Win at Tech Innovation Awards (TIA) 2024

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inq. Nigeria, the leading provider of Edge technology solutions in Nigeria, has achieved a remarkable double win at the 8th annual Technology Innovation Awards (TIA).

Known for delivering innovative, business-relevant solutions in Edge AI and IoT, SDN/NFV for Edge Cloud, Secure Access Service Edge (SASE), and Elastic Edge, inq. Nigeria was honoured as the “MVNO Provider of the Year” and received the “Cloud Product of the Year” award for its groundbreaking product, inq.Fabric.

The TIA Awards, one of the most prestigious accolades in the tech industry, celebrates exceptional individuals and organisations at the forefront of digital transformation. This year, inq. Nigeria was acknowledged for its comprehensive impact on the Nigerian tech landscape and its commitment to innovation.

The MVNO Provider of the Year award highlights inq. Nigeria’s leadership in delivering flexible, high-performance MVNO services in an emerging market.

Through its adaptable network platform, inq. empowers licensed MVNO providers with seamless, scalable connectivity solutions for data-driven applications and IoT, bypassing traditional infrastructure needs. This enables them to meet critical network demands and integrate efficiently across diverse environments in Nigeria’s evolving market.

The Cloud Product of the Year award celebrates inq. Nigeria’s inq.Fabric, a pioneering cloud connectivity solution that automates provisioning and routing for cloud access. This software-defined networking solution provides secure, agile, and reliable connectivity, supporting rapid deployment and scalability, which is critical for multinationals, government bodies, and SMEs in Nigeria.

Reflecting on this achievement, Ifeanyi Akosionu, Managing Director of Anglophone West Africa, inq. Nigeria, expressed his gratitude, stating, “These awards reflect our commitment to excellence and innovation. At inq., we are dedicated to continuously advancing our solutions, contributing to Nigeria’s economic growth by empowering businesses to thrive.”

He highlighted inq.’s leadership in supporting Nigeria’s emerging MVNO industry, noting, “Our MVNO solutions equip licensed providers with the agility, tools, and support needed to enter the market confidently and succeed in a dynamic landscape.” Akosionu also acknowledged Fabric by inq., which offers a flexible, cloud-based environment designed to boost productivity and streamline decision-making for clients.

Akosionu attributed inq.’s success to its close partnerships with a diverse clientele, whose collaboration inspired the development of forward-thinking solutions that address critical needs in connectivity and digital transformation across Nigeria.

Akosionu also extended appreciation to inq.’s dedicated team, saying, “Our thanks go to our valued customers for their trust and to our team at inq. Nigeria, whose dedication ensures that we consistently deliver world-class solutions.”

Previously, at the 7th edition of the TIA Awards, inq. Nigeria also received recognition as “IoT Solutions Provider of the Year” and “Digital Services Provider of the Year”, further solidifying its leadership in digital and IoT solutions.


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NDPC Partners Adeoluwa, Digital Influencer on Protection Awareness

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Nigeria Data Protection Commission (NDPC) has taken a significant step forward in its mission to promote data protection and privacy awareness in Nigeria by signing a Memorandum of Understanding (MoU) with Enioluwa Adeoluwa, renowned social media influencer.

NDPC Partners Adeoluwa, Digital Influencer on Protection Awareness

L-r: Enioluwa Adeoluwa, renowned social media influencer andDr. Vincent Olatunji, national commissioner, NDPC, at the signing of the MoU

This partnership aims to harness the power of social media to educate Nigerians on the importance of data protection and privacy.

The MoU, which will last for six months and is subject to renewal, is also aimed at creating a safer digital landscape for all Nigerians.

Speaking in Abuja, Dr. Vincent Olatunji, national commissioner, NDPC, stressed that with over 40 million Nigerians using social media daily, data protection and privacy have become crucial concerns.

He noted that this number highlights the immense importance of safeguarding personal information in Nigeria’s digital landscape.

“The Nigerian government is really taking this up to ensure that Nigerians are protected. More importantly, we know that about 40 million Nigerians go online every day, which is significant considering there are about 120 million people in total. That is huge. For this reason, we have to ensure adequate measures for safety to safeguard the data within our country.

“And Nigerians know their rights under the Nigeria Data Protection Laws and understand the kind of measures they need to implement to protect their data,” he stated.

Dr. Olatunji explained that the MoU was signed to increase awareness about data protection and privacy in Nigeria, helping individuals understand their privacy rights and ensuring that data controllers and processors are aware of their obligations.

The National Commissioner emphasised that, with Enioluwa’s social media following, this partnership will aid in educating the public about the Commission’s mandate and in advancing its roadmap for awareness creation.

“This partnership with Enioluwa Adeoluwa marks a significant milestone in our efforts to promote data protection and privacy awareness in Nigeria. We believe that social media has the power to shape public discourse and influence behaviour, and we’re excited to leverage this platform to drive positive change,” Olatunji said.

On his part, Adeoluwa emphasised that his motivation for collaborating with the Commission is not driven by financial gain, but rather by a desire to contribute meaningfully to Nigeria’s development. He encouraged more young people to participate in nation-building to ensure that Nigeria can become great again.

The Nigeria Data Protection Act, which established the Commission, was signed into law on June 12, 2023, by President Bola Tinubu.

Since then, the Commission, led by Dr. Olatunji, has been working actively to ensure that every Nigerian understands his or her privacy rights.

The Commission’s mandate includes protecting the rights of data subjects, promoting data protection best practices, and ensuring compliance with data protection regulations.

 

 

 

 

 


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