logo
Leading tech brands drive future digital economy to support Nigeria's us$1 trillion 2030 vision at West Africa's largest tech, Artificial Intelligence (AI) & startup show

Leading tech brands drive future digital economy to support Nigeria's us$1 trillion 2030 vision at West Africa's largest tech, Artificial Intelligence (AI) & startup show

Zawyaa day ago
Nigeria has risen to the forefront of Africa's digital economy with a powerful ecosystem that is both homegrown and resilient – fuelled by government initiatives, global tech enterprises, and a thriving startup ecosystem; propelling Nigeria's future with tech opportunities in talent development and digital infrastructure to help achieve the goal of US$1 trillion economy by 2030.
Central to Nigeria – and Africa's – ambitions of digital sovereignty lie in the opportunity to upskill, operate and expand grassroots talent and organisations. Perfectly timed to support these ambitions is the inaugural edition of GITEX NIGERIA which will act as a convergence point for key local and international decision makers, not only in tech but across multiple sectors embracing digital transformation.
Held under the patronage of His Excellency President Bola Ahmed Tinubu GCFR, GITEX NIGERIA premieres across Abuja and Lagos from 1-4 September 2025. It is supported by the Federal Ministry of Communications, Innovation and Digital Economy in collaboration with the National Information Technology Development Agency (NITDA). The event is endorsed by Lagos State Government, and organised by KAOUN International, the global organiser of GITEX events.
A high-level Government Leadership&AI Summit in Abuja takes place on the opening day on 1 September to forge a united future for international leaders driving the growth of digital infrastructure, AI, and innovation.
Hon. Dr. Bosun Tijani, Minister of Communications, Innovation, and Digital Economy for the Federal Republic of Nigeria, said: 'Building and deploying AI infrastructure and solutions for Nigeria and Africa is not only a technological advancement, but also a chance to redefine our place in the global digital economy. Our success in delivering on this will ensure that we evolve from being passive consumers of AI to becoming net producers of talent and solutions that can compete and thrive internationally. As the global tech community turns its attention to Nigeria at GITEX NIGERIA, we must seize this opportunity to demonstrate what is possible in our tech ecosystem, showcase the depth of our innovation and the boldness of our ideas.'
The GITEX NIGERIA programme then transitions to Lagos, headlining across two locations from 3-4 September. The Eko Hotel Convention Centre hosts the GITEX NIGERIA Tech Expo&Future Economy Conference, while the Landmark Centre welcomes the GITEX NIGERIA Startup Festival. Combined, it will be West Africa's largest gathering of technology visionaries, industry leaders, and decision-makers overseeing digital transformation of non-tech sectors.
H.E. Babajide Sanwo-Olu, Governor of Lagos State Federal Republic of Nigeria, said: 'Lagos is and continues to be a city that facilitates progress. As we collectively build our city into the preferred destination for innovation and digital solutions, GITEX NIGERIA's shared ambition will place Lagos at the heart of Africa's digital future.'
Mr. Kashifu Inuwa Abdullahi, Director General/CEO, National Information Technology Development Agency, said: ' We are committed to cultivating a Nigerian digital ecosystem that becomes a global benchmark for equitable Al advancement; one that is synonymous with inclusive access to Al technologies, infrastructure, and solutions. GITEX NIGERIA is more than an event, it is the cornerstone for Africa's digital renaissance and a catalyst for developing world-class Al infrastructure which promotes scalability, sovereignty&global competitiveness. '
Global Tech Giants Converge in Nigeria to Enable Digital Growth Opportunities
With a burgeoning big tech landscape, international names have flocked to Nigeria and other African markets to nurture talent, support with infrastructure or provide localised solutions for existing services. Whether driven by African diaspora or the promise of opportunity, international presence is expanding, often in the form of multi-sector, public-private partnerships.
As IBM operated by MIBB affirms its presence in West Africa, it continues to build on IBM's long-standing legacy of enabling Nigeria's digital transformation. Through local engagement and ecosystem-driven growth, the focus remains on delivering impactful solutions across key sectors such as banking, telecoms, government, and education.
Vishnu Taimni, General Manager of IBM operated by MIBB said: 'Nigeria is a strategic priority for IBM operated by MIBB, anchored in decades of trusted partnerships across public and private sectors. As the country accelerates its digital agenda, GITEX NIGERIA offers a valuable opportunity to deepen collaboration and reaffirm our commitment to co-creating technologies that empower industries and communities for the future.'
A hub for international investors to discover African startups
Already Nigeria's undisputed innovation hub, Lagos – home to 23 of the country's 28 fastest-growing companies, according to the Financial Times – simultaneously hosts the GITEX NIGERIA Startup Festival. It will be Nigeria's largest and most globally diverse investor programme and curated meetings between startups, investors, corporates, industry leaders, and prospective partners.
To capitalise on the transformative impact of GITEX NIGERIA on Lagos' startup ecosystem, the United Nations Development Programme (UNDP) will present its pan-African timbuktoo initiative at the event. The largest of its kind in the world, timbuktoo brings public and private capital together at a global scale to support and empower startups solving macro challenges facing the planet, and humanity.
The event runs with support from partners AWS, Cisco, the International Finance Corporation (IFC), Kaspersky, Federal Ministry of Art, Culture, Tourism and the Creative Economy, Federal Ministry of Youth Development and Space42. For more information, news and updates on GITEX NIGERIA, please visit GITEXNIGERIA.ng.
Distributed by APO Group on behalf of GITEX NIGERIA.
Notes to editors:
It is GITEX NIGERIA not Gitex Nigeria
Social Media:
Hashtag: #GITEXNIGERIA
Twitter: https://apo-opa.co/4mkntKq
Instagram: https://apo-opa.co/4mknv50
Facebook: https://apo-opa.co/47rjc2U
LinkedIn: https://apo-opa.co/4fwxLnY
Useful links:
To access our digital press kit click here (https://apo-opa.co/4mbmH23)
Press office contact press@gitexnigeria.ng
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Taqa posts Dh3.7b H1 net income as global expansion gains traction
Taqa posts Dh3.7b H1 net income as global expansion gains traction

Khaleej Times

time27 minutes ago

  • Khaleej Times

Taqa posts Dh3.7b H1 net income as global expansion gains traction

Abu Dhabi National Energy Company (Taqa), one of the largest listed integrated utilities in Europe, the Middle East and Africa, has reported a net income of Dh3.7 billion in the first half of 2025, reflecting its continued strength in core utilities and a growing international footprint despite market headwinds. The group recorded a 4.5 per cent year-on-year increase in revenue to Dh28.4 billion in the six months ended 30 June 2025, driven mainly by higher pass-through costs in its Transmission and Distribution segment. Underlying profitability in its utilities business remained robust, although overall results were weighed down by an expected decline in oil and gas production following the cessation of output from four UK assets, softer oil prices, higher financing costs and non-recurring items. Ebitda fell 11 per cent to Dh10.2 billion. Taqa pressed ahead with its international growth strategy, advancing projects and acquisitions across multiple geographies. In Morocco, the company signed agreements with national and private sector partners to fast-track development of integrated power and water infrastructure, including gas-fired and renewable generation, water desalination and related transmission. The projects represent a potential investment of about Dh52 billion. In Central Asia, Taqa, alongside Mubadala, completed the acquisition of the 875MW Talimarjan power complex in Uzbekistan, marking its entry into one of the region's fastest-growing energy markets. In the UK, Taqa Transmission continued integrating the recently acquired Transmission Investment, which manages about Dh15 billion (£3 billion) in assets across 11 offshore transmission projects, strengthening its role in critical grid expansion to support the energy transition. In the Netherlands, Taqa transferred its P18-A gas platform and associated assets to Porthos, supporting Europe's first major carbon capture and storage facility. Meanwhile, in Greece, Masdar — in which Taqa is a stakeholder — expanded its presence by acquiring 100 per cent of TERNA Energy, a leading renewable developer. Masdar also issued a $1 billion green bond under its Green Finance Framework to fund new renewable projects, underscoring its goal of achieving 100GW of global renewable capacity by 2030. Domestically, Taqa continued to enhance capacity and flexibility in the UAE's energy infrastructure. In partnership with EWEC, it signed a Power Purchase Agreement to convert the Shuweihat 1 plant from a cogeneration facility to a flexible reserve power plant, enabling greater integration of renewables into Abu Dhabi's grid and improving stability during peak demand. This followed the earlier agreement for the 1GW Al Dhafra Thermal project, designed to supply additional dispatchable capacity to meet rising electricity demand from artificial intelligence and digital infrastructure. Chairman Mohamed Hassan Alsuwaidi said in a statement that Taqa's first-half performance highlighted its role as a key enabler of infrastructure development both in the UAE and internationally. 'Alongside sustained investment in domestic power and water infrastructure, our growing international presence, including our plans in Morocco, reinforces Taqa's commitment to providing reliable, efficient power and water supply at scale,' he said. 'As the business evolves, our focus remains on disciplined execution and creating lasting value for shareholders, while supporting the broader energy transition and economic diversification goals of the UAE and the markets we operate in.' Group CEO and managing director Jasim Husain Thabet said the results reflected the resilience of Taqa's integrated utility model. 'Despite headwinds, we continued to make tangible progress on priority projects across generation, water and transmission, increasing system flexibility and expanding our global portfolio. These steps reinforce Taqa's position as a reliable partner for large-scale power and water solutions, regionally and globally,' he said. The group reduced its gross debt to Dh61.7 billion through scheduled repayments and the maturity of a corporate bond, while directing Dh5.2 billion in capital expenditure towards flexible generation, transmission upgrades and strategic desalination projects. The Board approved a second-quarter interim dividend of 0.75 fils per share. Taqa said it would maintain its focus on expanding low-carbon power and water solutions, strengthening grid infrastructure and enabling the energy transition in its markets.

Abu Dhabi extends Darb toll timings, removes caps for private vehicles
Abu Dhabi extends Darb toll timings, removes caps for private vehicles

Khaleej Times

timean hour ago

  • Khaleej Times

Abu Dhabi extends Darb toll timings, removes caps for private vehicles

New amendments have been announced to the Abu Dhabi toll system on Thursday. This comes as part of its ongoing efforts to enhance traffic flow and reduce congestion on main roads during peak hours. The new amendments will come into effect starting Monday, 1 September 2025, introducing changes to the tariff schedule. The evening period will be revised to run from 3pm to 7pm, while the morning period will remain unchanged, from 7am to 9am, Monday through Saturday. Tariffs will continue to be free of charge on Sundays and official public holidays. The new amendments also remove the current daily and monthly toll caps for private vehicles. This means there will no longer be a maximum limit on the toll charges collected per vehicle each day (AED16) or each month (AED200, AED150, and AED100) for the first, second or third vehicle, or any additional vehicle after that. Under the updated rules, a fee of AED4 will apply each time a vehicle passes through a toll gate in the emirate. The existing exemption policy will continue for eligible groups, including People of Determination, low-income families, senior citizens, and retirees. Q Mobility, a subsidiary of Abu Dhabi Developmental Holding Company (ADQ), will assume management and operation of Abu Dhabi's DARB toll system, working in coordination with the relevant authorities to implement the updates.

The UAE is leading the fight for a cleaner gold market
The UAE is leading the fight for a cleaner gold market

Arabian Business

time2 hours ago

  • Arabian Business

The UAE is leading the fight for a cleaner gold market

When it comes to protecting the integrity of the global financial system, few nations pack a punch quite like the UAE. The country's influence stems from a rare combination of factors – it is a major hub for global trade and finance that remains deeply committed to multilateralism, international co-operation and the rules-based order. One sector where this leadership is especially visible is gold. In 2023, the UAE became the world's second-largest gold trading hub. This was achieved through leadership that balanced the importance of building a trusted regulatory framework for gold trading with the creation of a business-friendly environment. The Ministry of Economy and Tourism has developed robust regulations and compliance procedures that are in line with – and in some areas exceed – the highest international standards. Meanwhile, efforts by the Dubai Multi Commodities Centre have contributed significantly to the sector's trade growth. More than 1,500 gold and precious metals companies now operate from the emirate and collectively benefit from specialised industry infrastructure, products and services. Yet with scale comes responsibility. Gold is a high-value, low-volume, fungible commodity that is an attractive target for illicit use, including money laundering. The Financial Action Task Force has identified many of the risks associated with the gold sector – risks that have been echoed in the UAE's latest National Risk Assessment. This assessment calls on all public and private stakeholders to identify, understand and mitigate the risks involved in conducting their activities, in close collaboration with the authorities. Many gold-exporting countries have limited oversight of artisanal mining, where gold often functions as an informal currency. Globally, there is no consistent reporting standard, and regulatory regimes vary widely, creating gaps that criminals can exploit. UAE sets global gold trade benchmark The UAE has chosen not to step back but to set a new global benchmark for responsible trade in gold, aligning its framework with international best practices, including the OECD's Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas. Since 2023, the UAE Ministry of Economy has required all gold refiners to conduct full supply chain due diligence in line with the OECD's guidelines and submit independently audited reports. In addition, many refineries have signed up to the UAE Good Delivery standard for accreditation, which includes further disclosure on a refinery's technical state, capacity and financial health. Traders must also report suspicious transactions to the UAE's Financial Intelligence Unit through the UN-developed goAML platform. Unlike other bullion centres, the UAE's framework is mandatory, not voluntary, setting a new global precedent. Crucially, it applies not only to UAE Good Delivery refiners but to all refiners operating in the UAE, regardless of Good Delivery accreditation. Compliant entities are rewarded with market access, while those that fall short face tougher conditions as buyers prioritise trusted partners. Those with serious failings face tough sanctions and enforcement, including closure orders. Gold traders in the UAE fall under the category of Designated Non-Financial Businesses and Professions, bringing them under Federal Decree Law No. 20 of 2018 on anti-money laundering and combating terrorism financing, in line with FATF standards. The Ministry of Economy and Tourism enforces strict supervision. Inspections were carried out on dealers in precious metals and stones, resulting in significant fines where companies were found non-compliant. In addition, between 2022 and 2024, the total number of seizures of gold and precious metals and stones from all points of entry increased by more than 70 per cent, illustrating how enforcement fights illicit flows. The UAE requires disclosure of portable gold, including its source and purpose of entry. This measure supports efforts to thwart illegal trading and promote responsible precious metals transactions. As part of its efforts to enhance integrity across the gold supply chain, the DMCC joined forces with the World Gold Council in 2022 to address the challenge of hand-carried gold linked to illicit trade. This partnership includes an annual training programme for the gold industry, engagement with bullion banks, the development of retail gold investment principles and the commissioning of consumer research to better understand market dynamics. Trade data discrepancies can also arise between exporting and importing countries. While these often occur due to a number of understandable factors, such as time lags created by customs processing procedures, the rerouting of a commodity while in transit, or the impact of long-term warehousing, they nonetheless create challenges when monitoring illicit flows. The UAE, however, reports its gold imports comprehensively and on time, including to international databases, aligning with OECD expectations for transparent mineral supply chains. What this means is that there are cross-border challenges at stake that call for shared international responsibility and require renewed and constant commitments by all concerned countries. The UAE is working closely with the World Gold Council and other partners on several initiatives to strengthen the integrity of the gold market. This includes the development of an anti-money laundering training programme for the sector and running trade workshops with key industry bodies including the Dubai Jewellery Group and the DMCC. Work has also begun on a review of rules regarding hand-carried gold and rules to strengthen border enforcement. We are also exploring innovative technology, from chemical 'fingerprinting' to verify declared provenance, to mobile refining units for artisanal and small-scale miners. These measures reduce environmental damage, enhance traceability and help channel gold to legitimate buyers, including central banks, all in line with OECD-aligned responsible sourcing frameworks. The bottom line is this: the UAE is not just trading gold, it is shaping the future of the gold industry, working transparently, responsibly and through international co-operation with other global standard-setters.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store