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Huawei Cloud to Finance 100 Nigerian startups till 2026

POSTED ON April 5, 2024 •   Business      BY Abiodun Saheed Omodara
Executive Director of Huawei and CEO of Huawei Cloud and Consumer Business, Richard Yu l Credit: OrangeTeam Source: X

Huawei Cloud, on Thursday, said it will launch a Local Cloud in Nigeria and support 100 Nigerian startups over the next two years. 

The communications manager, Oyin Ajayi, disclosed the Startup Summit Nigeria 2024, themed “Unleash the Power of Startups,” which kicked off in Lagos. 

"Over 150 industry startups, venture capitals and partners in Nigeria gathered to share ideas on startup innovation, ecosystem collaboration, and digital transformation," she said.

The Director of Huawei Cloud, Hugo Hu, in a keynote address, called on Nigerian startups to jointly innovate and shape the future of Nigeria's digital economy.

“The Nigerian startup ecosystem is expanding significantly. However, the path of innovation is not only full of opportunities but also challenges such as technology, funding, data security and compliance,” Hu said.

"The key to accelerating innovation is to embrace the cloud.
Huawei Cloud is committed to providing an ecological platform for Nigerian startups, as well as enabling startups to get cost-effective cloud resources with ease and reach business opportunities at a faster pace. We strongly believe Huawei Cloud is a better choice for Nigerian startups,” he said.

The Ecosystem Director of Huawei Cloud Nigeria, Paul Adigun, said that through three key initiatives advanced cloud platform, startup talent development, and business resources, the firm’s startup program will provide startups with leading cloud-native infrastructure, professional services, and up to $150,000 credit voucher for cloud adoption.

The firm aims to build a cloud foundation for an intelligent world leveraging the concept of “Everything as a Service”.

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