ADVERTISEMENT

Nigerian tech company secures $25 million funding to build digital hubs

The fund will be used to speed up work on the hubs and make sure that they get completed as quickly as possible.

Leo Stan Ekeh, Chairman of Zinox Technologies

Nigerian ICT company, Zinox Technologies has secured $25 million in funding from the European Technology Trust Fund (ETTF) to build digital hubs in various parts of the country.

Two of the hubs are already under construction at this time of this writing this report. One of them will be located in Port Harcourt, the capital of Rivers State, while the other will be in Abuja.

According to a report on Techloy, the fund will be used to speed up work on the hubs and make sure that they get completed as quickly as possible.

ADVERTISEMENT

When completed, the hubs are expected to provide jobs for a lot of youths in the country in addition to being a platform for youths to acquire in-demand skills.

“With the current improvements raising hopes of stability in public power supply by early 2017, the company plans to install the digital plants and commence production shortly,” said Zinox Group Chairman Leo Stan Ekeh.

“Our investment in digital hubs will provide jobs for 500 Nigerians, with more expected to benefit from other investments set to commence once the economy stabilises.”

Zinox is one of the oldest ICT companies in Nigeria with market presence spanning over a decade. The company also used manufacture its own computers.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Otedola defends Dangote, seeks govt’s support for local investors

Otedola defends Dangote, seeks govt’s support for local investors

Is Gov Lawal linked with video indicting Matawalle of terrorism? Detail emerge

Is Gov Lawal linked with video indicting Matawalle of terrorism? Detail emerge

Matawalle refutes bandit kingpin's allegation of fueling terrorism

Matawalle refutes bandit kingpin's allegation of fueling terrorism

Middle belt youths told to back out of planned protest against Tinubu's govt

Middle belt youths told to back out of planned protest against Tinubu's govt

Peter Obi sues Bayo Onanuga for ₦5bn over mob action claim

Peter Obi sues Bayo Onanuga for ₦5bn over mob action claim

We'll manage protest professionally - IGP promises response to Aug 1 protest

We'll manage protest professionally - IGP promises response to Aug 1 protest

Oyo nurses suspend 2-month strike for 1 month awaiting State Government response

Oyo nurses suspend 2-month strike for 1 month awaiting State Government response

NNPC boss, Mele Kyari, denies ownership of Malta-based petrol blending plant

NNPC boss, Mele Kyari, denies ownership of Malta-based petrol blending plant

After 3-year probe, FCCPC fines Meta, WhatsApp $220m for invasion of Nigerians' data

After 3-year probe, FCCPC fines Meta, WhatsApp $220m for invasion of Nigerians' data

Pulse Sports

Usain Bolt shuts down Noah Lyles's bullish character speaking with Nigerian legendary footballer Mikel Obi

Usain Bolt shuts down Noah Lyles's bullish character speaking with Nigerian legendary footballer Mikel Obi

Osimhen to get ₦7 billion salary increment with PSG move

Osimhen to get ₦7 billion salary increment with PSG move

Bukayo Saka and Kanu model Lagos-themed Arsenal away jersey for the 2024/25 season

Bukayo Saka and Kanu model Lagos-themed Arsenal away jersey for the 2024/25 season

Michelle Alozie Net Worth: Age, Profile, Career, Salary, Husband, How Rich is she in 2024?

Michelle Alozie Net Worth: Age, Profile, Career, Salary, Husband, How Rich is she in 2024?

Racism storm rocks Chelsea as players UNFOLLOW Enzo Fernández on Instagram

Racism storm rocks Chelsea as players UNFOLLOW Enzo Fernández on Instagram

Nigeria abandon 2-Time AFCON winner, eye move for former England manager to replace Finidi George

Nigeria abandon 2-Time AFCON winner, eye move for former England manager to replace Finidi George

ADVERTISEMENT
ADVERTISEMENT