Connect with us

Technology

Technology Startups to Enjoy Tax Holiday – FG

Published

on

startup - Investors King

Information Communications and Technology (ICT) industry across the country are to enjoy tax holidays and special intervention funds from the federal government.

This is to enable them to meaningfully help government to realize the creation of three million jobs targeted by 2018.

The Minister of Communications, Adebayo Shittu, and Afolabi Imoukhuede, Senior Special Adviser, SSA to the President on Job Creation/Youth Empowerment office of the Vice President, gave this hint when the Minister visited Yaba Technology Ecosystem Hubs in Lagos.

The minister expressed satisfaction at the infrastructures on the ground and said: “As you all know, the ICT innovations is powering economies across the globe, creating employments and wealth. It is impacting on the way we live and the way we do businesses; the Buhari administration is at the forefront of diversifying our economy and he is resolved to develop the ICT sector through Local Content initiative. Government will support Yaba and all ICT hubs across the country because it is a veritable platform to achieve our ICT and job creations objective.

“We are going to replicate what is happening here in Yaba in other parts of the country in partnership with stakeholders. We are going to start in Ibadan and Katsina state in the next three months. Both the governors of Oyo and Katsina have agreed to provide facilities for the establishment of these hubs.”

The minister further noted that countries like Singapore, India, have set up special interventions to support the high growth ICT industry; so, we will be supportive of whatever initiative that you have. Through National Technology Development Agency, NITDA, we are going to introduce ICT Innovation fund to cater for early startups and ICT incubation scheme to support establishment of more high growth incubators across the country. We believe with these incentives, the sector will witness tremendous growth and generate employment and massive wealth for our people. We are also going to monitor the hubs across Nigeria in order to ensure standards and to mold them for global competitiveness. Our aim is to make Nigeria the ICT hub for Africa.”

He charged entrepreneurs in the sector to articulate some of the challenges they are facing and the sorts of intervention they want from government to sustain the existing hubs and more importantly Government has always been the driving catalyst for funding startups. Imokhuede, added that government is really going to help entrepreneurs in the sector especially startups by giving them tax incentives, in the form of tax holidays.

“We are working on the details. We have a million jobs to be created this year and we have a target to create three million jobs over the next three years-2016-19. What is keen for me as the SSA on job creation is for us to be able to look at which sectors we can create jobs, and ICT, for us is a key area for job creations.

For two reasons- you can create jobs within the sector, and you can use ICT as an enabler to also create a lot of jobs. And that is why we are focusing on ICT and digital world for jobs creation; it is therefore important that we visit places like Co-Creation, where you have an organic growth.”

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

Continue Reading
Comments

Fund Raising

Talk360 Seed Round Reaches $7M After New Funding

Talk 360 has secured a combined $7 million in seed rounds to build a payment platform for Africa

Published

on

Talk360

South African startup Talk 360, a leading voice-over-internet protocol (VoIP) player in Africa, has secured a combined $7 million in seed rounds to build a payment platform for Africa.

In May this year, Talk350 had raised $4 million in a seed funding round led by HAVAÍC. However, with the startup’s recent raise of an additional $3 million, the total investment raised so far is $7 million.

The latest investors in this new round include Allan Gray E2 Ventures (AGEV), Kalon Venture Partners, E4E Africa, Endeavor, current lead investor HAVAÍC and a number of angel investors including Tjaart van der Walt and Koenrad Jonker.

According to Talk360, it intends to use this new funding to launch a pan-African payment platform next year and increase its share of the VoIP market.

The payment platform will connect “all payment methods” across the continent, creating a diverse pool of localized payment methods, enabling international and local businesses to sell to African-based customers.

The company said in a statement, “The new platform will allow users across the continent to buy products and services using any currency and more than 160 payment methods. It will also be opened to other merchants”.

According to the Co-Founder of Talk360, despite the existing digital payment methods scattered across Africa, the startup is going to offer something more remarkable by offering micro-entrepreneurship and income-generating opportunities to users.

His words, “Our mission is to bridge distance and connect lives by offering reliable, affordable, and easy-to-use digital services, delivered in a localized manner to all communities, particularly emerging countries, so they can connect to the world

“But we’re not just solving socio-economic issues: we’re also offering micro-entrepreneurship and income generating opportunities to our growing network of agents across the country.”

The startup also has a network of agents, including PesaPoint in Kenya and Flash in South Africa, which enable users to purchase airtime vouchers from over 750,000 physical points of sale.

Continue Reading

Technology

IT Firm VAB Solutions Seeks to Help Businesses in Nigeria With Updated IT Security

VAB Solutions, through its robust IT and cyber security solutions seek to help businesses in Nigeria to deepen business productivity and continuity.

Published

on

Apple Music

A software company that provides comprehensive security and IT management solutions for business needs VAB Solutions, through its robust IT and cyber security solutions seek to help businesses in Nigeria to deepen business productivity and continuity.

With the core value of IT infrastructure and security in today’s digital world, VAB solutions want to ensure that businesses in Nigeria get their business updated with IT security to prevent their business from data breach.

Speaking on the mission of the company, the Managing Consultant of VAB Solutions Limited Voke Benjamin said “VAB Solutions started operation January 2018 however the company was incorporated September 2017, We like to think of ourselves as information technology ( IT ) Advisor, meaning we believe our customers ought to understand the core value of IT and appreciate the return on investment (ROI) in any solution that will ease their paint point before getting into any agreement.

“VAB Solutions derives the acronyms VAB from Values Added Business, our core areas of interest are IT infrastructure and IT Security, we are not a jack of all trade organization but we like to harness the knowledge so as to advise our customers and potential customer the benefits from an end to end solution of their pain points”

Also speaking on the way the firm deploys solutions to clients, he said “First, we like to understand the situation, so we can give the best advice, secondly, we then render solutions that will embed the customer’s systems for a long time.

“We are indeed in business to make money but paramount that is to have a have customer call us and gives us a thumbs up. This a lot shows the value and not the money.

“I believe the keyword here is value. Many companies sell security solutions, but the question is how long does it take for the customer to realize that the tool you have provided lacks some features or doesn’t work as expected.

“In lieu of the above we only partner with OEM’s that have long-lasting credibility in the market and solutions that cater not just for the customer but with their solution they can solve the customers’ issues, not for 2, 4, 5 years, NO, but a solution that embeds itself with the customer.”

On how VAB Solutions intend to deploy its services to the SMEs in the country, Voke started that the company has made it known that IT solutions shouldn’t be viewed from the prism of being too pricey or expensive. We have specific solutions for the SME’s he added.

His words, “we sell security solutions for the Enterprise Market and Small medium organizations, we also factor the organization budget in offering their security needs, being an organization that prefers to render value, we have strong relationships with our vendors and preach the needs to factor all organization in our sales circle.

“So, we do not have a particular market we are focused in, we can work with the small firms and big conglomerates.”

Continue Reading

Social Media

Twitter Set to Launch Full-Screen Video Feature to Enable Improved View And Videos Discovery

Microblogging and Social media platform Twitter has announced that it is adding a new feature on the platform which is a scrollable video feed similar to that of TikTok.

Published

on

Twitter Tip Jar- Investorsking

Microblogging and Social media platform Twitter has announced that it is adding a new feature on the platform which is a scrollable video feed similar to that of TikTok.

The social media company disclosed that this new feature will make it easier for users to watch and discover videos on the platform.

With the launch of the feature in the coming days, iOS users will be able to click on a video in their feed to enter the new scrollable video feed. Once they are done watching the video they clicked on, they will be able to scroll up to start browsing more video content.

This will take them to a scrollable feed of videos, which is similar to the browsing experience on TikTok. If they want to exit the viewer and go back to the original tweet, they can click on the back arrow in the top left corner.

According to Twitter, it stated that the purpose of this new immersive media viewer is to make it easier for users to discover engaging videos.

Although the social network didn’t disclose when the feature will roll out to users on Android devices. Users will see a new “Videos for you” category that will display popular and trending videos that the app thinks you would be interested in.

Twitter began the testing of the new video feature in December 2021 to give users a more personalized Explore page. In this test, Twitter turned the entire Explore page into a video feed, complete with a “For You” tab.

With the recent changes announced, Twitter isn’t focused on replacing the entire Explore page with a TikTok-like feed. The company’s approach to a TikTok-like feed can be seen as a somewhat optional, considering that it isn’t directly imposing it users, as the previous TikTok-like video feed test did.

People who like scrollable video feeds can access the immersive view if they like, and users who don’t want a video feed can choose to not open up the immersive viewer.

Continue Reading
Advertisement
Advertisement




Advertisement
Advertisement
Advertisement

Trending