Technology
Nigeria’s Peachwater Consulting Start-up of the year Award
**As Kenya’s HydroIQ Grabs Startup of the year Africa 2018
By Dipo Olowookere
Winners of the ‘Startup of the Year 2018 competition’ have been announced by Startup.Info following an awards ceremony held in Casablanca at the end of last month.
This year, more than 600 start-ups from 52 different countries took part, more than 12 000 online votes were gathered, and 41 million people reached on social media.
After the first edition of ‘Startup of the year Africa’, the collaborative start-up magazine, Startup.Info, reiterated its commitment to supporting African innovation. With the support of major international groups such as OCP, ENGIE, QWANT, FINANCE INNOVATION, PwC, Labs-NS-Avocats, Holmarcom Group, Royal Air Maroc, as well as 70 media and ecosystem partners, Startup.Info launched the 2nd edition of the contest.
The jury of experts of the competition ‘Startup of the year Africa 2018’ on January 24, 2018 to choose Kenya’s HydroIQ as Startup of the Year Africa 2018.
The firm, founded by Brian Bosire & Victor Shikoli, is a virtual Water Network Operator that brings intelligence in water distribution by preventing leakages on the network and automatic (mobile) billing a payment.
Also announced is Morocco’s Ecodome as the Qwant Public Choice Award winner. The company was founded by Youness Ouazri and it produces ecotouristic housing made of natural soil in the form of domes.
Côte d’Ivoire’s Graci, which had the OCP – AGRITECH Special Prize and was founded by Brou Kouame Yves Laurent.
It is a startup aiming at the development of rice production in Ivory Coast. It proposes a program of production, certification and distribution of Improved Certified Seeds of rice.
For Nigeria’s Peachwater Consulting founded by Okey Ibekwe Esse, it won the ENGIE Special Prize Startup of the year Award.
Peachwater Consulting designs, manufactures and markets Powerstove clean cookstove that is smokeless and generates electricity with 70% less biomass fuel than competitors.
Furthermore, French Semoa was announced winner of the Royal Air Maroc-Africa Diaspora Award. The firm was founded by Edem Adjamagbo and it proposes a solution to the development of e-commerce in Africa by installing payment terminals throughout the continent.
Thea from France was announced winner of the Holmarcom Group Special Prize award and was founded by Dr Eloi MONKAM.
Thea is a medical mobile app that connects patients to doctors for a first diagnosis.
Also, South Africa’s Priyo founded by Palesa Mahlatji was named the PwC – Jury Choice Award. The company has developed a portable solar digital smart computer lab to train youth from underprivileged, under-resourced schools and communities in rural and peri-urban areas on how to use the computer. Priyo trains them in IT: End user computing, ICT, Digital Marketing and E-Learning and links job seekers to online employment opportunities.
In addition, Project Alpha from Madagascar was revealed as the Community Manager of the year award winner.
The firm was founded by Muriel Randriamasimanana and the event agency has its principal activity based on video games and e-sport phenomena.
Business Post gathered that the African startup of the year will receive €10,000 in cash and a €10,000 Visibility Pack amongst others.
Technology
Telco Subscribers Threaten to Sue Over 50% Tariff Hike
By Adedapo Adesanya
An association representing the interest of telecommunication subscribers in Nigeria has rejected the 50 per cent tariff increase announced by the Nigerian Communications Commission (NCC) and has threatened legal action.
On Monday, the NCC approved a 50 per cent tariff increase for telecom operators in the country, the first since 2013.
The 50 per cent call was lower than the 100 per cent recommended by the other stakeholders, including the Association of Licensed Telecommunications Operators of Nigeria (ALTON) and the Association of Telecommunications Companies of Nigeria (ATCON), which has members like MTN and Airtel.
Now in response, the National Association of Telecoms Subscribers (NATCOMS) has faulted the move, saying the 50 per cent was too high and called for another review.
The association’s president, Mr Deolu Ogunbanjo, said on Channels Television’s Lunchtime Politics, monitored by Business Post on Tuesday, that the body would approach the courts if there’s no reversal.
He noted that Nigerians are already bearing the brunt of a cost of living crisis, adding that the 50 per cent hike which was supposed to reprieve from the initial 100 per cent recommendation, was still not acceptable.
“It is not it at all. It is so much for subscribers to bear. Already, we are grappling with a lot of things that are surrounding the business climate here… fuel cost, electricity cost, and all that… you are now looking at telcos asking for 100 per cent and NCC now is granting them 50 per cent It is a no-no,” he said.
“We are definitely not going to accept this,” he declared.
The NCC, announcing the hike on Monday, said the increase was pursuant to its power under Section 108 of the Nigerian Communications Act, 2003 (NCA) to regulate and approve tariff rates and charges by telecommunications operators.
“…Over 100 per cent requested by some network operators was arrived at taking into account ongoing industry reforms that will positively influence sustainability.
“These adjustments will remain within the tariff bands stipulated in the 2013 NCC Cost Study, and requests will be reviewed on a case-by-case basis as is the Commission’s standard practice for tariff reviews. It will be implemented in strict adherence to the recently issued NCC Guidance on Tariff Simplification, 2024,” the announcement statement noted.
Technology
NCC Approves 50% Hike in Call, SMS, Data Tariffs
By Adedapo Adesanya
The Nigerian Communications Commission (NCC) on Monday approved a 50 per cent tariff increase on calls, SMS, and internet data for telecoms companies in the company.
This comes after telcos suggested a 100 per cent hike in the tariffs, the first of such changes in over 10 years.
Despite the recommendation, the NCC was concerned about the impact this would have on Nigerians, who are battling a cost of living crisis.
The NCC rationalised the 50 per cent hike, saying it wanted to strike a balance between protecting consumers and ensuring the industry’s sustainability.
“The adjustment, capped at a maximum of 50 per cent of current tariffs, though lower than the over 100 per cent requested by some network operators, was arrived at taking into account ongoing industry reforms that will positively influence sustainability,” a statement from the NCC read on Monday night.
Recall that the Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, has said the federal government may consider between 30 and 60 per cent hike in tariffs.
“I think it should not be more than anywhere between 30 and 60 per cent,” he said during an interview recently.
On his part, the Chief Executive Officer of MTN Nigeria, Mr Karl Toriola, said telcos are proposing a 100 per cent increase in tariffs to the Nigerian government.
He, however, pointed out that it won’t get such approval but said a substantial change, beneficial to all stakeholders, could be agreed upon.
It is not certain what the reaction of the telcos may be concerning this new development. If they disagree with the approval, it may lead to another round or dialogue or limitation of service offerings.
Technology
Nigerians Hail Acceptance of Naira for AWS Cloud Subscription
By Modupe Gbadeyanka
The acceptance of the Naira for payments for cloud services in Nigeria by global cloud leader, Amazon Web Services (AWS) has continued to excite its customers in the country.
Before now, Nigerians subscribing to the company’s cloud services were forced to purchase foreign currencies, particularly the United States Dollar (USD).
But to make transactions easier for its teeming clients in the country, AWS announced it was now accepting payments in local currency.
“With payments in their local currencies, customers can avoid foreign exchange costs associated with making foreign currency payments.
“This also removes payment friction for customers in countries where local regulations put limits on the foreign currency amount a customer can access,” the American firm said in a statement.
By lowering the barrier for Nigerian companies to pay for cloud services in their local currency, AWS has given itself an edge, but the growing local alternatives may still present a challenge.
The organisation said it is not just about price anymore—it’s about local relevance and helping businesses navigate the complexities of Nigeria’s economic environment.
The decision of AWS to accept naira payments comes in response to the growing appeal of local cloud providers in Nigeria.
Recall that in January 2023, the firm launched its AWS Local Zones facility in Lagos to reduce latency and improve performance for Nigerian businesses—often an important factor since many Nigerian companies host their services in AWS’s European region due to geographical proximity.
By offering a new payment option alongside this infrastructure, AWS can solidify its foothold in the Nigerian market, especially as local providers continue to present an attractive, economically aligned alternative.
“This is a welcomed development. We have been waiting for this to happen for a long time. I am glad it has finally become a reality. I don’t need to buy forex (foreign exchange) to pay for Amazon cloud services,” a tech enthusiast based in Lagos, Mr Kolade Adewale, told Business Post.
“I want to believe that the competition from Microsoft’s Azure may have forced AWS to include the Naira as a payment option. This is what competition does to the market. You can see such in the telecommunications and petroleum sectors with Dangote Refinery,” another tech enthusiast, Mr Goke Fashina, said.
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