Category: Technology

Amazon has announced the launch of the first Amazon CloudFront edge location in Lagos, Nigeria.

The new edge location provides secure, reliable, high-performing connectivity to the rest of the AWS global network and support for AWS edge services including Amazon CloudFront, AWS Shield, and AWS Web Application Firewall (WAF).

Customers in Nigeria can expect up to 30 percent improvement in latency for data delivered through the new edge location to provide end users faster, more responsive applications.

AWS has the largest global infrastructure footprint of any provider. With the launch of the Amazon CloudFront edge location, Nigeria is now connected to the AWS global infrastructure network of more than 450 points of presence (POPs) and 13 regional edge caches in more than 90 cities across 50 countries, designed and built to deliver the most secure, reliable, and scalable cloud computing environment with the highest quality network performance.

The new AWS edge location brings the full suite of benefits provided by Amazon CloudFront, a highly secure content delivery network (CDN) that accelerates the delivery of data, video, applications, and application programming interfaces (APIs) to users worldwide.

By caching content at the Nigeria edge location, local Amazon CloudFront customers can benefit from improved performance, network security, and application-level protection.

Amazon CloudFront improves security with traffic encryption and access controls. All Amazon CloudFront edge locations are protected against infrastructure-level distributed denial-of-service (DDoS) threats that use an always-on network flow monitoring and in-line mitigation service that minimies application latency and downtime when used with AWS Shield. Customers can create security rules to protect applications against common web exploits and bot attacks by enabling AWS Web Application Firewall (WAF).

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Amazon CloudFront integrates with AWS services including Amazon Simple Storage Service (Amazon S3), Elastic Load Balancing, and Amazon Elastic Compute Cloud (Amazon EC2) as origins for applications. There is also support for serverless code to be run close to end users for customisation with Lambda@Edge.

“Our existing customers, from startups to established commercial and public sector organisations, will benefit from faster content delivery and enhanced security,” said Amrote Abdella, general manager, AWS Sub-Saharan Africa.

“Companies looking to modernise their operations will find an easier on-ramp to the cloud through the new Amazon CloudFront edge location. Recognising Nigeria’s role as a leading technology hub in Africa, we continue to invest in the country to meet our customers’ growing needs and help them accelerate their digital transformations.”

The launch of local AWS infrastructure in Nigeria will help organisations in various industries, including education, media and entertainment, healthcare, financial services, and e-commerce, innovate faster.

IbakaTV is a Nigerian video-on-demand platform for Nollywood movies, with over 15,000 hours of movie and TV content available for streaming.

“IbakaTV’s mission is to make quality Nollywood content accessible to viewers wherever they may be, on whichever platform they chose to view it,” said Idornigie Blessed, CEO at Ibaka Entertainment.

“We look forward to AWS extending its global network footprint into Nigeria with the new Amazon CloudFront edge location, which we expect will help us enable an enhanced entertainment experience for millions of our customers in the region.”

The new Amazon CloudFront edge location is the latest in AWS’s ongoing investments in Africa. In 2004, AWS launched a Development Center in Cape Town focused on pioneering networking technologies, next-generation software for customer support, and Amazon EC2. Since 2015, AWS has opened offices in Johannesburg and Nigeria (2022).

In 2017, AWS Direct Connect, a cloud service solution that makes it easy to establish a dedicated network connection from on-premises to AWS, expanded to Africa with locations in Cape Town and Johannesburg.

In 2018, Amazon CloudFront edge locations launched in Johannesburg and Cape Town, South Africa, followed by an edge location in Nairobi, Kenya (2020).

The AWS Africa (Cape Town) Region launched in 2020 with three Availability Zones.

In January 2023, the first AWS Local Zones location launched in Lagos, helping deliver distributed edge and hybrid cloud applications that require single-digit millisecond latency to end users in Nigeria.

Billionaire business magnate and investor, Elon Musk has set the Nigerian online community abuzz with a recent job opening he announced.

On his microblogging app, the world’s wealthiest person teased said he plans to employ the services of a Vice President of Witchcraft and Propaganda

Among the American Twitter community, it’s presumed Musk was making a jest of Megan Fox, an American actress after she referred to herself as a “witch” during a nasty social media spat with conservative influencer, Robby Starbuck.

Musk, the 51-year-old owner of Twitter, joked he was “Looking to hire a VP of Witchcraft & Propaganda.”

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However, Nigerians shared ideas with the Tesla boss on the best fit for the job and where to find them.

Most fingered natives of Benin City, Edo State as the best fit for the job.

wholesalefabricshop said: “Say no more sir, just come Benin at least their village people can rest.”

__ujay__ wrote: “Mr Elon Musk, Benin is your sure plug.”

yakin_wande stated: “Any LP supporter is eligible for this position. No one knows propaganda better than them.”

__stacywilliams said: “Edo State people gather here pls, let choose a candidate.”

ace_tlg wrote: “Bros, enter my village for Edo State, you go dey choiceless.”

kheamiesmile stated: “They plenty for Nigeria especially my papa family come pack them.”

sisieko_foodservices said: “Haaaa, small thing. I’m pleased to introduce my village people to you Sir.”

__sweet_annie wrote: “Nigeria is your best bet! Especially Edo state people. They plenty.”

ewalagos_fh stated: “Elon is calling now so they can make money, they will not go and Apply.. na Only to dey chase people for dream dem go sabi.”

thefoodnetworknig2 said: “Have you met my village people? Every grade of witchcraft and propaganda is available for you sir…”

airvans__ wrote: “My landlady don finally see work.”

soberdrunk8 stated: “My Aunty Kemi get PhD in Witchcraft, she over qualify…”

• By. Samuel Ajiboyede

In today’s rapidly evolving world, technological innovation has become a driving force behind economic growth and global competitiveness. Nigeria, with its immense talent and potential, is well-positioned to emerge as a hub of technological development. To harness this potential and accelerate Nigeria’s technological transformation, a holistic and actionable approach is needed.

In this three (3) part article, award winning serial entrepreneur, member of Forbes Circle and founder of Ziod, Rowvar, Fleetpartners, Zido and many other successful technologically driven businesses, outlines a comprehensive roadmap for President Ahmed Bola Tinubu’s administration  with insightful and informative steps to create a thriving tech ecosystem, foster startups, drive economic growth, and enact impactful policies.

Part 1: Creating an Enabling Environment for Startups 

Streamlining Regulatory Processes

To encourage the growth of startups, it is crucial to simplify and modernize regulatory processes. Reducing bureaucratic hurdles for startups to establish and operate businesses will create a favorable business environment. Implementing user-friendly digital platforms for business registration, licensing, and tax filings can significantly improve the ease of doing business.

Access to Finance 

Startups often face challenges in accessing capital, especially at the early stages. To address this, it is essential for President Tinubu’s administration to establish dedicated funds, grants, and venture capital initiatives that specifically target startups. Encouraging collaboration between financial institutions and angel investors can create a robust investment ecosystem for startups, providing them with the necessary funding and resources to scale their operations.

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Supportive Policies 

Developing policies that encourage innovation and entrepreneurship is vital for nurturing the startup ecosystem. This includes providing tax incentives for startups, creating intellectual property protection frameworks, and implementing business-friendly regulations. Governments can also introduce public procurement policies that prioritize working with local startups, thus providing them with valuable opportunities and boosting their growth.

Infrastructure Development 

Investing in robust digital infrastructure is crucial for supporting startups. Ensuring reliable power supply, high-speed internet connectivity, and technology parks equipped with modern facilities will attract startups and provide them with the necessary resources. Collaborating with private sector entities and international organizations can help leverage expertise and funding for infrastructure development.

Part 2: Building Strong Collaborative Networks 

Public-Private Partnership 

Fostering collaborations between the government, private sector, academia, and international organizations is key to creating synergies and leveraging resources. Establishing platforms for regular dialogue, such as public-private partnership committees or advisory boards, can facilitate effective collaboration and help align policies with the needs of the tech ecosystem.

Innovation Hubs and Incubators 

The establishment and expansion of innovation hubs and incubators across the country are vital for supporting startups. These hubs provide a nurturing environment where startups can access mentorship, resources, and a supportive ecosystem. Collaboration with universities, research institutions, and industry experts can enhance the quality of support provided to startups.

Networking and Knowledge Sharing 

Organizing industry events, conferences, and workshops is essential for facilitating networking, knowledge exchange, and collaboration among startups, industry experts, and policymakers. These events can serve as platforms for showcasing innovative ideas, fostering partnerships, and connecting startups with potential investors and customers. Creating online platforms for virtual networking and knowledge sharing can further extend these opportunities.

International Collaboration 

Forging partnerships with global tech hubs, universities, and research institutions is crucial for Nigeria’s tech ecosystem to thrive. Collaborative initiatives can include knowledge transfer programs, talent exchange programs, joint research and development projects, and foreign investment facilitation. Building relationships with established global tech players can provide startups with access to international markets and expertise.

Reformed Education System 

Revamping the education curriculum to prioritize digital skills and entrepreneurship is essential for preparing students for the demands of the tech-driven economy. Introducing coding, data analytics, digital marketing, and entrepreneurship courses at various educational levels will equip the workforce with the necessary skills and mindset for innovation and entrepreneurship. Collaborating with educational institutions and industry experts can help develop relevant and up-to-date curriculum content.

Skill Development Programs 

Implementing training initiatives, boot camps, and vocational programs focused on technology can enhance the digital skills of the existing workforce. These programs can provide hands-on training in areas such as software development, cybersecurity, data analysis, and digital literacy. Public-private partnerships can facilitate the execution and scaling of these programs.

University-Industry Collaboration 

Strengthening ties between universities and industries is crucial to ensure curriculum relevance, foster research and development, and promote industry internships. Encouraging joint research projects, industry mentorship programs, and internships can bridge the gap between academia and the industry, allowing students to gain practical experience and industry exposure.

Part 3: Policy and Regulatory Framework

National Technology Policy 

Developing a comprehensive technology policy is essential to provide a clear direction for the tech ecosystem. This policy should encompass areas such as data protection, cybersecurity, e-commerce regulations, and digital governance. It should be developed through a consultative process involving stakeholders from the public and private sectors, academia, and civil society to ensure inclusivity and effectiveness.

Open Data Initiative 

Implementing an open data policy can unlock opportunities for innovation and research. By making non-sensitive public sector data accessible to the public, entrepreneurs and researchers can leverage it to develop data-driven solutions, drive evidence-based policymaking, and foster transparency. Clear guidelines for data privacy, security, and responsible use should accompany the open data initiative.

Support for Research and Development 

Allocating resources to support research and development (R&D) in emerging technologies is crucial for fostering innovation and competitiveness. Establishing funding mechanisms, such as grants and tax incentives, for R&D activities can incentivize startups, universities, and research institutions to conduct groundbreaking research and develop innovative solutions. Collaboration between academia, startups, and established companies can further enhance the impact of R&D efforts.

Entrepreneurship Support Programs 

Creating programs to assist entrepreneurs with business registration, mentorship, and access to market opportunities can significantly contribute to the growth of startups. Incubation programs, seed funding initiatives, and mentorship networks can provide aspiring entrepreneurs with the necessary support and guidance to navigate the challenges of starting and scaling a business. Engaging successful entrepreneurs and industry experts as mentors can bring invaluable expertise and networks to the ecosystem.

Conclusion:

By adopting the steps outlined in this comprehensive roadmap, President Tinubu’s administration can unlock Nigeria’s potential as a global tech powerhouse. Creating an enabling environment for startups, building strong collaborative networks, promoting digital skills and education, and implementing impactful policies and regulatory frameworks are the building blocks for Nigeria’s technological transformation. The collective efforts of the government, private sector, academia, and financial institutions are paramount to driving this agenda forward and creating an inclusive, innovative, and prosperous future for the nation. Together, let us pave the way for Nigeria to become a global leader in technology, entrepreneurship, and economic growth.

The importance of technology to the advancement of human and societal development has been emphasised at a discussion facilitated by an Akure-based tech company StartNow. 

Tagged: “Internet infrastructure and connectivity in Africa: A drive towards technical advancement,” the meeting attracted young tech enthusiasts and undergraduates from within and outside the city of Akure. 

Some of the clubs and organisations in attendance include: Enactus FUTA, Google Student Club, Microsoft Students Partners and AISE among others.

Founder of StartNow John Adebola Olorunfemi, founder of the tech company StartNow urged governments in Africa to improve tech innovations and internet infrastructure. 

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He said technology has the capacity to make life much better for Africans, stating “Access to the internet is crucial for a lot of activities in the world we live in today; corporate governance, private sectors, individuals, homes and institutions all need the Internet. 

”Africa as a whole has made significant strides in technology and internet connectivity.  Many jobs have been created in different sectors and new innovations and startups are a key thing we have everywhere.”

Groups at the event were given opportunities to pitch their ideas to the audience with prizes awarded to the top three groups.

Editor of Campus Community Network, Kehinde Abiola, said: “This programme is an eye opener as to what tech innovations and the internet is all about. We need more actors like StartNow to bring events like this to Akure.”

A staff of FUTA Radio 93.1 FM Toyin Omolola said: “The city of Akure has always been known as a tech hub for innovations and brilliant minds. A tech program like this one we have where enthusiasts come to share their ideas  and compete is what we’ve always been known for and that has distinguished us from other cities.

“We can’t do without technology, we can only improve. Young minds coming out with great ideas, specifically in this event — is the can-do spirit we need in Africa, without waiting for the rest of the world to take the lead on technological innovations.”

Christiana Kayode, a Nigerian Energy Finance expert and Adjunct Professor, has gained global recognition as a finalist at the prestigious Falling Walls Lab for her innovative model that quantifies sustainability as an intangible asset. Drawing from her journey in investment banking and renewable energy, Kayode developed a groundbreaking tool that bridges the gap between sustainability practices and financial value, seamlessly integrating with ESG frameworks to transform industries such as renewable energy, corporate finance, and cleantech. In this interview with Adeniyi Adewoyin, she highlights her vision for advancing climate finance, her commitment to actionable global solutions, and her leadership in sustainable finance, inspiring emerging innovators to drive meaningful change through authenticity and boldness. Excerpts:

Could you share a bit about your journey into Climate and Finance Innovation that led to this groundbreaking achievement?

My journey has been full of learning and growth. I started my career working in investment banking in Nigeria, which gave me a strong foundation in understanding how businesses interact with finance. Then I stumbled into renewable energy and worked within the Corporate Finance team, where I started seeing how finance and sustainability could connect. This model builds on those experiences and my natural curiosity for solving problems that matter. It’s a combination of everything I have learned and my innate inclination to solve problems.

What inspired you to create this model for quantifying sustainability as an intangible asset?

The idea for this model started with a question. Unfortunately, I don’t remember the exact question, but it sparked a bigger thought for me: “If sustainability is as important to our well-being as we say, why aren’t we treating it accordingly?” Businesses are making amazing efforts to protect the environment and promote sustainability, but they face challenges like difficulties in translating qualitative efforts into measurable financial value. This gap made it hard to show these efforts in ways people could easily understand. I wanted to solve this problem by creating a way to turn these good practices into something measurable and valuable.

How does the model work? What makes it unique?

The model assigns a financial value to a company’s sustainability practices, treating them as an important but often overlooked asset. This is groundbreaking because it bridges the gap between what companies do to help the environment and how that work can be recognized financially.

The model takes information about a company’s efforts, like using renewable energy, reducing waste, or improving working conditions and analyzes how these actions add value beyond just profits. It simplifies complex data, identifying the most meaningful efforts and showing how they contribute to a company’s overall success.

What makes it unique is its ability to capture both the small details of what a company does, such as reducing energy waste or implementing water recycling programs, and the bigger picture, like contributing to industry-wide decarbonization goals or aligning with global sustainability standards. This dual approach enhances decision-making by allowing companies to pinpoint actionable improvements while showcasing their broader impact to stakeholders, thus providing a competitive advantage in the marketplace.

How does the Model interact with existing ESG Frameworks

The model aligns with Environmental, Social, and Governance (ESG) frameworks by integrating key indicators from recognized standards such as GRI, SASB, and TCFD. It uses data points like emissions, energy efficiency create standardized benchmarks, making cross-company comparisons straightforward. Additionally, the model translates qualitative ESG practices into quantitative financial metrics, effectively bridging sustainability efforts with financial analysis. This alignment ensures the model supports global sustainability standards while offering a fresh perspective that highlights the financial value of sustainable practices.

Why is it important to quantify sustainability as an intangible asset? How does it influence business decisions or investments?

Quantifying sustainability as an intangible asset shifts it from being seen as merely a cost to a measurable source of value. This shift encourages businesses to invest in sustainability by linking green practices to long-term profitability. It provides clear, data-backed insights into the benefits of sustainable investments, helping investors identify opportunities and mitigating risks. Moreover, integrating sustainability into financial assessments enhances decision-making, unlocking funding for innovative, green projects.

How do you see this model impacting industries such as renewable energy, corporate finance, or cleantech?

This model has transformative implications across industries. It enables renewable energy projects to attract funding by showcasing their tangible value, expediting development. In corporate finance, it integrates sustainability into valuations, ensuring companies are accurately assessed. Cleantech startups benefit by highlighting the economic worth of their innovations, attracting investors and forming partnerships. By encouraging green infrastructure investments, the model helps align business growth with environmental responsibility, enabling companies to attract investors who prioritize ESG criteria.

Could this model be a tool for policy advocacy to attract more climate finance?

Climate finance remains a challenge in the United States, with funding gaps hindering renewable energy and sustainability goals. This model offers a solution by showcasing the financial value of sustainability, helping secure funding and guiding policymakers to set practical goals, track progress, and incentivize green initiatives. It ensures resources are directed to impactful projects and fosters partnerships to reduce risks and justify investments. By aligning sustainability efforts with funding strategies, the model bridges the gap between climate goals and financial realities, driving transformative projects that address critical national and global challenges.

How does it feel to be on a Global Innovation Stage?

Being at the Falling Walls Lab is both affirming and humbling.It underscores the significance of the model I have developed, my journey as a Nigerian Adjunct Professor, and my vision for integrating sustainability into financial systems. Sharing a global stage with groundbreaking ideas highlights the boundless possibilities of innovation and reinforces the urgency of advancing climate finance.

This recognition is not just about me but about the model’s potential to redefine how we value sustainability and its role in driving meaningful climate action. While deeply rewarding, it’s also a call to continue bridging climate innovation and finance on a global scale.

What does this achievement mean for you personally and professionally?

This achievement represents the culmination of a journey where analytical rigor, and a deep sense of purpose intersect. Personally, it reinforces my belief that the unconventional paths I’ve taken – melding finance with design and climate innovation were not only worthwhile but impactful. It’s a moment of gratitude and reflection on how my faith, vulnerability, and commitment to growth have shaped this success.

Professionally, it’s a validation of my work and a call to action to further amplify its impact. The recognition at Falling Walls Lab positions me as a leader, not just within the niche of sustainable  finance, but as a bridge between disciplines. It’s a milestone that strengthens my resolve to champion climate finance leadership because the stakes are high and the potential for transformative change is immense.

What advice would you give to emerging innovators and thought leaders in the sustainability and finance sectors?

Focus on creating meaningful impact through progress, not perfection, by testing and iterating ideas. Articulate your unique narrative to inspire collaboration and opportunity while staying grounded in a higher purpose to build resilience. Finally, cultivate a global perspective, learning from interconnected systems and contributing to conversations that uplift underrepresented voices. Authenticity, boldness, and openness to growth are the keys to driving transformative change.