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Lagos set to host 8th edition of Nigeria Innovation Summit

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The city of Lagos will be agog as the eighth edition of the Nigeria Innovation Summit (NIS) will take centre stage at the prestigious Muson Centre from October 6.

The one-week NIS 2023 would provide a platform that “fosters collaboration between government agencies, businesses, international organisations, innovators, researchers, the academic community, and startups,” programme director Tony Ajah, said at a press conference on Friday.

“The 2023 Nigeria Innovation Summit, is one week event that brings together all the critical stakeholders in the innovation space in Nigeria and around the world to share insights on innovation management hot-topics.

“The latest edition of the annual NIS will focus on the theme ‘Innovating For The Future’, bringing together critical stakeholders from different sectors of the economy to discuss ground-breaking ideas, trends, opportunities, and numerous verticals to accelerate innovation and solutions that solve unique challenges within Nigeria and the African continent at large.

“It will provide opportunities for Nigerian innovators, researchers, and entrepreneurs to showcase innovative ideas, products and services with solutions for industrial applications, adoption, and commercialisation”, he added.

He also revealed that the summit would afford Nigerian techies the opportunity to leverage emerging technologies like artificial intelligence, machine learning, virtual and augmented reality, blockchain, Internet of Things, robotics, nanotechnology, geonomics, and data sciences, and apply them in critical sectors to solve local problems.

“The opportunities and new businesses provided and created by these new technologies are enormous, and we can’t afford to sleep on it as a people.

“As individuals, organisations, and nations around the world are exploring different playbooks to innovate and improve the quality of their lives, Nigeria should not be left out”, he said.

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Tech

DR Congo sues tech giant Apple over illegal mineral exploitation

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The Democratic Republic of Congo (DRC), has filed a criminal case against the European subsidiaries of tech giant, Apple, accusing them of illegal mineral exploitation and allegedly using “blood minerals” in its supply chain.

In the suit filed on Tuesday, the DRC alleges that Apple has bought contraband supplies from the country’s conflict-ladden east and Rwanda, zones in which it allege the materials are mined illegally and then integrated into global supply chains before ending up in tech devices.

The DRC suit specifically mentioned Apple subsidiaries in France and Belgium, accusing the tech giant of using conflict minerals in its supply chain.

The DRC is a major source of tin, tantalum, and tungsten which are used in electronic devices, with some mines controlled by armed groups responsible for human rights violations.

International lawyers representing the African country’s government have accused Apple’s local subsidiaries of taking these minerals from conflict areas and laundering them through international supply chains, with one lawyer telling journalists that Belgium had a moral duty to act given its history of exploiting the country’s resources under colonial rule.

However, in its response, Apple claims it conducts supplier audits and does not directly source primary minerals.

https://www.thenews.com.pk/print/1262670-dr-congo-sues-apple-over-alleged-illegal-mineral-exploitation

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Moroccan retail-tech startup Z raises $1.5m to drive intense growth

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Morocco-based B2B retail-tech marketplace, ZSystems, has announced closing a $1.5 million seed funding round which will see it carry out its ambitious expansion dreams.

In a statement by co-founder and CEO, Meriem Benabad, the funding round was led by Morocco-based Venture Capital firms, MNF Ventures (through its MNF II fund), Witamax (through Fund II and III), Cash Plus Ventures, and Kalys Ventures.

“This funding marks a pivotal moment for Z, as we aim to scale operations and bring cutting-edge solutions to traditional retail.

“Our vision is to empower small businesses and unlock growth across Morocco and Africa,” Benabad said.

According to Benabad, the newly acquired capital will support Z’s technology development, product catalogue expansion, and preparation for its next growth phase.

“Z is reshaping the retail landscape by integrating technology and innovation across the value chain. Its scalable platform empowers traditional retailers and brands with direct access to consumers, reviving competitiveness in traditional trade (hanouts), which accounts for 85% of the FMCG market,” he added.

Founded in 2022 by the trio of Benabad, Samer Choumar and Youssef Ait-Haddouch, Z’s platform empowers traditional retailers and brands with direct access to consumers, reviving competitiveness in traditional trade (hanouts), which accounts for 85% of the FMCG market.

Since launch, the startup has helped over 15,000 active retailers, and seen more than 800,000 orders placed.

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