NITDA Announces Nationwide Startup Hunt for GITEX Nigeria 2025

NITDA Announces Nationwide Startup Hunt for GITEX Nigeria 2025

The National Information Technology Development Agency (NITDA) has announced an exciting opportunity for early-stage and growth-stage startups across Nigeria. Startups from all six geopolitical zones can now apply for the chance to showcase their innovations at GITEX Nigeria 2025, the country’s largest innovation showcase, happening in Abuja from September 1 to 4, 2025.

African Startups Raise $254 Million in May 2025, Led by Egypt’s Strong Investment Surge

African Startups Raise $254 Million in May 2025, Led by Egypt's Strong Investment Surge

Startups across Africa raised a total of $254 million in May 2025, marking a slight decline compared to April but still an impressive figure compared to March. While the May total did not set new records, it pushed Africa’s year-to-date total to over $1 billion, reflecting a 40% increase compared to the $750 million raised during the same period in 2024, according to data from Africa: The Big Deal.

Meta in Talks to Invest $10B in AI Startup Scale AI

Meta in Talks to Invest $10B in AI Startup Scale AI: A Strategic Shift in AI Strategy

Meta Platforms Inc. is reportedly in advanced negotiations to invest more than $10 billion in Scale AI, a rapidly growing artificial intelligence startup specialising in data labelling and machine learning model training. If finalised, this investment could become one of the largest private funding rounds in history and represent Meta’s largest external AI investment to date, signaling a major strategic shift for a company that has traditionally prioritized internal AI development.

Nigeria’s Technology Sector Cannot Thrive Without Stable Power Supply, Says NACC Director-General

Nigeria’s Technology Sector Cannot Thrive Without Stable Power Supply, Says NACC Director-General

The Acting Director-General of the Nigerian-American Chamber of Commerce (NACC), Ms Wofai Samuel, has emphasised the critical importance of reliable power supply for the growth of Nigeria’s technology sector. In a recent interview with the News Agency of Nigeria (NAN), Samuel highlighted the deep interconnection between power and technology, asserting that Nigeria cannot move forward in the tech space without addressing its power challenges.

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