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Japan Donates $9.7m Solar Power to Nigeria

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300MW Solar energy

The Japanese Government, through its agency, Japan International Cooperation Agency, has donated solar power worth $9.7 million to the Federal Government to boost electricity in the country.

The Ambassador of Japan to Nigeria, Mr Sadanobu Kusaoke, disclosed this in Abuja on Tuesday during the inauguration of the project.

Kusaoke stated that Japan considered the power sector as one of the most important areas to enhance Nigeria’s socio-economic development.

He said, “Since from 1970s, Japan has helped to finance power sector to increase the capacity of power in Kainji dam hydro power station.

“This is the 10th project of power sector by the Japan’s government since then and this will not be our last.”

He said the project which entailed the introduction of clean energy by solar electricity was donated by the government of Japan to boost power and water supply at Usman Dam Water Treatment Plant.

He said, “The project is being executed with grant assistance worth Nine Hundred and Eighty Million Japanese YEN (980,000,000 JPY) (equivalent to approximately 9.7 million USD) through JICA.”

According to Kusaoke, stable power supply is crucial to support industry and to improve economy and the lives of people.

The ambassador emphasised the importance of stable power supply to Nigeria’s quest to diversify her economy.

He commended the designer of the project, Toyota Tsusho Corporation, for its design, management and the completion of the project on schedule.

Kusaoke, who explained that the project was capable of generating 1,496MWH, added that this would result in reduction of N31.5 million per year for payment of the electricity bill.

Earlier, Mr Hirotaka Nakamura, Chief Representative of JICA, Nigeria office, said improving core infrastructure including power sector in Nigeria was one of the priority areas of the agency in Nigeria.

According to Nakamura, developing alternative energy resources such as solar, wind and hydropower will boost electricity in the country.

He explained that the project was designed to introduce a demonstration unit of solar electricity generation system with a view to increasing its economic strength on a sustainable basis.

According to the JICA official, with the Japanese assistance, about 1.2 mw of grid connected solar generation will be gained at Usman Dam Water Treatment Plant to supplement electricity supply from the national grid.

He said, “Following successful tests on the installed solar system, the first phase of the project with generation capacity of 975kwp is being commissioned today.

“The second phase will bring additional 207kwp generation to this system hopefully in January 2017.”

Nakamura further stated that the project would contribute to the improvement of quality water supply in the Federal Capital Territory.

He, therefore, appealed to the FCT administration through its water board to handle the project with care and also provide sufficient funds to maintain the generation system.

In his remark, Alhaji Hudu Bello, the Director, FCT Water Board, who expressed gratitude to the government of Japan and its agency JICA, said the project would improve revenue accruable from the water sector in the FCT.

He said, “This is elaborate project that will improve water supply to the residents of Abuja; it will also reduce the rate at which we consume diesel to pump water.”

Bello said the project would reduce the cost of generating electricity and also contribute power to the national grid to improve supply within the nation’s capital.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Dell Partners Other Firms to Establish Tech Centre in Nigeria

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Dell, Other Tech Firms Partner to Establish Tech Centre in Nigeria

Dell Technologies said it has partnered other global tech giants to establish Tech Experience Centre that will bridge the gap to technologies for millions of people in Nigeria.

Dell Technologies Director, Central and West Africa, Nicholas Travers, in a statement, said the project expected to be launched on October 1, would help cut costs, reduce capital flight and boost technology adoption in the country.

Travers lauded TD Africa, Sub-Saharan Africa’s foremost tech, lifestyle and solutions distributor, for the landmark initiative.

We believe the Tech Experience Centre will help reduce the decision making cycle and save huge costs and time of traveling to locations outside our continent to visit and experience these technologies at work.

“This is a fantastic initiative by TD Africa, perhaps the first of its kind in the region and we are proud to be part of it,” he said.

According to him, the project will go a long way in helping Dell Technologies showcase its suite of cutting-edge technologies.

The launch of the Experience Centre will support the growth of technology in Nigeria and the West African region.

“Also, it provides a fantastic platform for Dell Technologies to showcase the very many technologies we offer,” Travers said.

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Newly Founded Cybersecurity Startups Raise Over $31m in 2020

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Cybersecurity Startups Raise Over $31m in 2020

According to data presented by the Atlas VPN team, there are 78 new cybersecurity companies founded in 2020 that cumulatively have raised over $31.6 million in funding year-to-date.

Only 15% of cybersecurity startups launched in 2020 secured funding. However, three companies alone collected nearly 96% ($30.3 million) of the total amount of investments.

The startup that scored the most significant investment is Beyond. It secured a total of $21 million in February of 2020, which accounts for more than 66% of total investments into newly launched cybersecurity startups this year.

A cybersecurity company with the second biggest investment is Sevco Security, which raised over $6.7 million in May of 2020.

Also, in the list of top three cybersecurity startups in terms of funding is Soc.OS. It received more than $2.5 million in investments in July this year.

Most of this year’s cybersecurity companies are from North America or particularly the US. They make up nearly 35% (27) of all the cybersecurity startups launched in 2020.

A number of new cybersecurity startups is shrinking each year

While the amount of cyber incidents is increasing and cyberattacks are becoming more sophisticated, the number of new cybersecurity startups is declining each year.

Historical data shows that in 2015 there were 490 cybersecurity companies launched. Together the startups raised over $3.1 billion in investments.

The year of 2016 saw a slightly smaller number of new cybersecurity companies. The launch of new startups in the cybersecurity field decreased by 0.8%, with 486 startups launched that year. The total amount of funding allocated to those startups, however, dropped in half, from $3.1 billion to $1.6 billion.

In 2017 the number of new cybersecurity startups plummeted again by 0.8%. There were 482 cybersecurity companies founded that year, which raised more than $1.3 billion in total — 17% less than in 2016.

The number of new cybersecurity startups dropped by more than a fifth in 2018 compared to the year before. A total of 382 cybersecurity companies were launched that year, which collected over $847 million in investments. The amount of funds invested in the cybersecurity startups also dropped by 35% compared to 2017.

Last year saw a 46% decrease in the launch of new cybersecurity startups. There were 207 these types of companies founded. Together they raised close to $229.5 million in investments — 73% less than the year before.

Finally, this year’s cybersecurity market has welcomed 78 newcomers — the number has shrunk by 62% compared to last year. However, 2020 is not over yet; hence we can expect the numbers of cybersecurity companies to increase slightly.

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Nintendo DS Dominates North America and Japan Selling Over 90 Million Units

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Nintendo DS Sells 90 Million Units North America and Japan

Data presented by Safe Betting Sites shows that Nintendo DS has dominated sales in North America and Japan with a total of 90.4 million units sold. About 57.3 million Nintendo DS units had been sold in North America while in Japan the figure stands at 33.01 million units.

PlayStation 2 highest selling console globally

As of September 2020, in North America, PlayStation 2 has sold the second-highest number of units at 53.65 million units sold. Xbox 360 is third with 49.11 million units followed by Nintendo Wii at 45.51 million while Game Boy is fifth with 43.18 million units.

Other high selling consoles include PlayStation(40.78 million), Game Boy Advance(40.39 million), PlayStation 4(37.36 million), Nintendo ES(33.49 million), Xbox One (31.39 million)

In Japan, Game Boy has the second highway selling units at 32.47 million followed by Nintendo 3DS at 24.62 million. PlayStation 2has sold 23.18 million units while PlayStation is fifth with 21.59 million units sold.

Other high selling consoles include PlayStation Portable(20.01 million), Nintendo ES(19.35 million), SNES (17.17 million), Game Boy(16.96 million), and Nintendo Switch(15.17 million).

The research highlights the evolution of the gaming industry. According to the research report:

Overall, the video games market has witnessed significant spending over recent years. However, the emergence of low-cost games for mobile devices has slowed demand for video game consoles. The industry has experienced almost a complete overhaul of how games are purchased, played, and shared with others. The industry’s shift to online services has served to insulate the industry from shocks to retail and manufacturing channels.

The Safe Betting Sites research also reviewed the highest selling consoles globally. PlayStation 2 holds the pole position with 157.68 million units followed by Nintendo DS at 154.9 million. In the third spot, Game Boy has sold 118.69 million units followed by PlayStation 4 at 113.3 million units. Wii is fifth with 101.64 million units sold.

 

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