Zinox Secures $25m to Roll Out Digital Hubs
Zinox Technologies, a foremost Information and Communications Technology (ICT) company has secured a whopping $25 million counterpart funding with which it seeks to roll out a trio of digital hubs in Nigeria that will create jobs for over 500 Nigerians.
According to the technology company, construction work has commenced in one of the digital hubs in Port Harcourt, the Rivers State capital, and the fund will help speed up work and ensure that the project is completed in good time.
The hubs, among other things, will create employment and empower thousands of digitally-minded Nigerian youths in search of the right platforms to develop their skills.
Chairman of Zinox Group, Leo Stan Ekeh made the disclosure when the acting Director General of the National Information Technology Development Agency (NITDA), Dr. Vincent Olatunji, led a team of the agency on official working visit to the Zinox headquarters in Gbagada, Lagos recently.
According to Ekeh, the other digital hub located in Abuja, which is nearing completion, would become active by early 2017.
“With the current improvements raising hopes of stability in public power supply by early 2017, the company plans to install the digital plants and commence production shortly,” Ekeh added.
“Our investment in digital hubs will provide jobs for 500 Nigerians, with more expected to benefit from other investments set to commence once the economy stabilises,” he said.
Ekeh said the Nigerian economy is in dire need of an alternative to crude oil, a role, which he said the ICT sector could effortlessly play in boosting the nations dwindling earnings. In the view of the Zinox boss, Nigeria has millions of young Nigerians of digital mindset with the potential to become dollar billionaires.
Referencing the case of Nigerian start-up and pioneer composite e-commerce outfit Yudala, which received little funding from investors and within one year is a leading e-commerce brand in Nigeria employing over 400 graduates, Ekeh disclosed that their strength is not cash but knowledge of the business backed with strong front and back-end technologies. Ekeh affirmed that thousands of such brilliant Nigerians exist in the country, even as he urged the government to partner technologically-minded companies in unearthing such raw digital diamonds in the country.
I had a similar experience when Zinox acquired an Ibadan-based software company Xputer. The young chaps behind Xputer were so talented and had huge capacity to develop amazing content but no individual, corporate or government saw any potential in them. Some of the apps developed by these young Nigerians are being used today by e-commerce companies in Nigeria which they would have paid millions of dollars for, had it been developed by foreign companies Ekeh said.
Responding, Olatunji affirmed the commitment of the agency in partnering with Zinox Technologies in the task of empowering the youth through the provision of requisite capacity-building programmes and initiatives.
Olatunji who expressed delight with the infrastructure and facilities on display at the Zinox headquarters during the tour of the company premises, disclosed that NITDA is keen to empower tech start-ups as a means of promoting opportunities in non-oil sectors, noting that a partnership with Zinox Technologies will go a long way in helping to achieve the aim.
“We cannot talk about the ICT sector in Nigeria and indeed in Africa without mentioning Zinox. Zinox has been in the forefront of the digital revolution on the continent and has continued to play a major role. You have shown extreme world class capacity and passion as a leader in the sector and this is why we have come on this visit to restate our commitment towards working with Zinox to achieve our objectives of empowering tech start-ups and boosting the revenue profile of the ICT sector,” Olatunji said.
With the digital hubs, we are looking to generate creative employment for our youth while creating the much-needed enabling environment and platform for more of these youths to develop their capacities and unleash their creative abilities. This is part of our contribution towards reducing the scourge of unemployment and boosting the revenue-earning streams of the government, Ekeh said.
Xiaomi Launches Black Friday Sale With Discounts and Extra Gifts on Smartphones
Xiaomi gives discount of N5,000 on every purchase of its smartphone
Mobile phone maker, Xiaomi has lined up good discounts and extra gifts to thrill its customers during black Friday sales.
The company which is also into consumer electronics noted that it’s back Friday sale will run between November 18th to November 30th, 2022.
Apart from a flat discount of N5,000 on every purchase of its smartphone, customers can also win amazing gift prizes which include refrigerators, Xiaomi luggage, Redmi Bud 3 earbuds.
A star winner who will go home with an N3 million cash prize will also emerge through a raffle draw on January 10th, 2023.
Investors King understands that Black Friday is an opportunity to buy the product you desire either smartphones, groceries, or any type of electronic at a very good price. It is celebrated virtually around the world.
Black Friday which followed “thanksgiven day” in the United States is largely regarded as a day or season to say thank you for being with us this far.
While amazing discounts are being offered on several products, a number of top brands especially electronic and smartphone-making companies do use black Friday to say thank you to their customers.
Some of the platforms where you can get an amazing offer in Nigeria during this black Friday season include Jumia and Konga.
You can check the filing articles for amazing offers that both Jumia and Konga offer during this year’s black Friday.
On Xiaomi’s black Friday for instance, when a customer buys Redmi Note 11 or Redmi Note 11S, he will get a discount of N5,000 and Xiaomi in-ear headphones. Similarly, Redmi Note 11 Pro or Redmi Note 11 Pro+ 5G comes with a 10000mAh power bank.
Interestingly, Xiaomi noted in a statement that the offer is open to all new and old customers while customers can enjoy the amazing offer by visiting any of Xiaomi’s retail stores nationwide or at Essence House, Computer Village Ikeja.
Konga Kickstarts Black Friday “Yakata” With 90% Discounts on Rice, Cooking Oil, and Mobile Phones
E-Commerce giant, Konga has begun its discounted sale with up to 90 percent off on some house need products which include rice and cooking oil. The sale which is already witnessing a high volume of patronage is tagged “Friday Yakata”
Other products available for grabs at a very good price on the Konga platform include mobile phones of different brands, Laptops, TV sets, Refrigerators, Air conditioners, and Washing machines.
At exactly 12 midnight every day till 12th of December, Konga will stage one of its much anticipated events, “Teasure Hunt”. Investors King learnt.
Treasure Hunt gives lucky buyers the opportunity to purchase products with up to 90 percent off them.
Other lined-up events for Friday “Yakata” include Flash Sale and Cyber Monday.
Additionally, Konga also partners with MedDirect to provide a 10 percent discount on all medicine which will be delivered free to anywhere in Nigeria.
Another way to benefit from the “Yakata” season is to use Konga Pay which comes with a 5 percent discount on any shopping basket above N100,000.
A statement released by the e-commerce platform noted that back Friday “Yakata” is regarded as the biggest sale of the year in the annual shopping calendar in Nigeria.
According to the company’s head of marketing, Anthony Nwabuisi, Konga has seen improved patronage on its platform since the beginning of this year despite the prevailing economic challenges both in the domestic and international markets.
‘‘It has been an impressive start to this year’s edition of Konga Yakata for us. Despite the undeniably harsh economic conditions, general buying sentiments are way above expectations,” he said.
Also speaking on the importance of the Konga Friday Yakata, Nwabuisi stated that Konga has a 50 percent discount on virtually all meals ordered on the platform.
He added that shoppers can also get the advantage of free delivery or buy-one-get-one-free in select restaurants.
Conclusively, Konga’s platform can easily be used by downloading the application or navigating through the website at Konga.com.
Zenith Bank Splashes N53m on Finalists at Zenith Tech Fair 2.0
A total sum of N53 million in prize money was won at the end of a keenly contested hackathon session at the Second Edition of the Zenith Tech Fair, themed “Future Forward 2.0”, which was held on Wednesday, November 23, 2022, at the Eko Convention Centre, Eko Hotels & Suites, Victoria Island, Lagos.
The prize money was shared among eleven finalists who emerged from the over 500 contestants that took part in the hackathon, with Ecotutu, a cleantech company making cooling affordable and accessible for businesses, especially in the agricultural sector, emerging as the overall winner and taking home the grand prize of N20 million. This is in addition to a mentorship programme with Seedstars, a company dedicated to implementing high-quality capacity-building programmes for entrepreneurs in emerging markets.
The first runner-up, Foris Labs, an app-based platform that allows students to conduct science experiments individually and in groups interactively via their mobile phones, won N15 million and a mentorship programme with Seedstars, while the second runner-up, Finva, a start-up which helps creditors offer credits at low risk, won N10 million as well as a mentorship programme with Seedstars. Other finalists who took home N1million each include Sanwo, Itinu -Ev, Eduvacity, Green Bii, Zion Robotics, Sono Care, Base, and I grow Africa.
Speaking during the presentation of the prize monies, the Group Managing Director/CEO of Zenith Bank Plc, Mr. Ebenezer Onyeagwu, congratulated all the finalists for coming this far in the competition. He reiterated the bank’s readiness to provide all that is necessary to make the budding entrepreneurs succeed. According to him, “all finalists would be enlisted into our incubation lab for grooming and mentorship. Our expectation is that we are going to scale and grow them just like the zenith brand. So, looking at what we have gone through, I can tell you that so much iron has been loaded on fire. The only thing left is to activate the digital talents, tech skills and entrepreneurship that would culminate in a new digital economy for Nigeria”.
Described as a huge success by participants, the two-day Tech Fair featured presentations on the leading technological innovations that cut across different aspects of life, such as Artificial Intelligence, Computing, Machine Learning, Blockchain, Robotics, Big Data, FinTech, Augmented Reality, Data Analytics, 5G and Communication Technologies, with the keynote address, “The Future of Banking: Digital Transformation Journey”, delivered by Brett King, the renowned futurist, bestselling author, award-winning speaker, Founder of Moven and Author of Bank 4.0.
The event also featured a goodwill message by Jim Ovia, CFR, Founder and Chairman of Zenith Bank and opening remarks by Ebenezer Onyeagwu, Group Managing Director of Zenith Bank Plc and Chairman of Body of Banks’ CEOs, Nigeria. Other eminent IT practitioners from top global brands who also made presentations include; Tarik Alatovic, Senior Partner, McKinsey; Juliet Ehimuan, West Africa Director, Google; Ola Williams, Country Manager, Microsoft Inc.; Andrew Uaboi, Vice President/Head, Visa West Africa; Mrs Rakiya Mohammed, Director of Information Technology, CBN; Chris Lu, Managing Director, Huawei Technologies Nigeria, and Dame (Dr.) Adaora Umeoji, OON, Deputy Managing Director of Zenith Bank Plc, amongst others.
The fair featured three panel sessions. The first panel, which examined “The future of payments: what next and how can we get there”, had Prof. Yinka David West of Lagos Business School as the host, with four discussants, including Agada Apochi, Managing Director, UPSL; Olu Akanmu, Managing Director, Opay; Premier Oiwoh, Managing Director, NIBBS; and Kari Tukur, V/P & Head of Products East/West Africa, MasterCard.
The second panel explored the theme “What are the main challenges of digital transformation in the financial industry? How do we solve them?”. It was hosted by Brett King and had four discussants, including Tosin Eniolorunda, Managing Director, TeamApt; Obi Emetarom, Managing Director, Appzone; Dr. Babatunde Obrimah, COO, FintechNGR; and Olugbenga Agboola, Founder/CEO, Flutterwave.
The third panel discussion, titled “Driving the global trade revolution with technology: current transformation trends”, was hosted by Samuel Eze, Founder/CEO, Ourpass, and had five discussants, including Mike Ogbalu III, Managing Director, PAPSS; Akeem Lawal, Divisional CEO, Interswitch; Massimiliano Spalazzi, Country Manager, Jumia; and Dr. Ozoemena Nnaji, Director of Trade & Exchange, CBN.
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