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A launchpad for Africa’s tomorrow’ – Lagos ready to lead regional digital transformation revolution, says H.E. Babajide Sanwo-Olu at GITEX NIGERIA

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Held under the patronage of H.E. Bola Ahmed Tinubu GCFR, President of the Federal Republic of Nigeria, GITEX NIGERIA takes place across Abuja and Lagos from 1-4 September

LAGOS, Nigeria, September 4, 2025/APO Group/ —

  • Lagos opened its doors to West Africa’s largest tech, AI and startup event following a high-level Government Leadership & AI Summit in Abuja on Monday
  • The nation’s commercial & innovation capital hosts the GITEX NIGERIA Tech Expo & Future Economy Conference & GITEX NIGERIA Startup Festival from 3-4 September

Following a momentous Monday in Abuja where an acclaimed Government Leadership & AI Summit launched GITEX NIGERIA (https://GITEXNIGERIA.ng/), Lagos has officially opened its doors to West Africa’s largest tech, AI, and startup show.

As local and international guests descended on the nation’s commercial and innovation capital for a potentially future-defining two days, anticipation was high for the conversations shaping Africa’s digital trajectory. From H.E. Babajide Sanwo-Olu, Governor of Lagos State, the message on Wednesday was emphatic: Lagos is ‘a launchpad for Africa’s tomorrow’ – ready to propel Nigeria’s quest for a data-driven government and digitally empowered population.

Held under the patronage of H.E. Bola Ahmed Tinubu GCFR, President of the Federal Republic of Nigeria, GITEX NIGERIA takes place across Abuja and Lagos from 1-4 September. Supported by the Federal Ministry of Communications, Innovation and Digital Economy with the National Information Technology Development Agency (NITDA), the event is endorsed by Lagos State Government and organised by KAOUN International, global producer of GITEX events.

Elaborating on Lagos’s digital economy leadership credentials and quest to harness technological capabilities for the betterment of regional society, H.E. Babajide Sanwo-Olu stated: “Lagos is not just a city for today – it is Africa’s innovation nerve centre and a launchpad for Africa’s tomorrow. At the heart of our efforts to unlock digital transformation possibilities is an unshakeable belief that governance in the 21st century must be digital, inclusive, and data-driven. As Peter Drucker once said, ‘The best way to predict the future is to create it’. Here in Lagos, we are creating that future, building a data-driven government where policy decisions respond to real-time insights and inclusive connectivity empowers every citizen in one of the world’s most vibrant tech ecosystems.”

At the heart of our efforts to unlock digital transformation possibilities is an unshakeable belief that governance in the 21st century must be digital, inclusive, and data-driven

Over two action-packed days, Nigeria’s commercial capital and innovation hub hosts dual showcases across the city: the GITEX NIGERIA Tech Expo & Future Economy Conference at the Eko Hotel Convention Centre, and the GITEX NIGERIA Startup Festival at the Landmark Centre.

Together, these platforms spotlight the immense digital potential of Lagos and the nation – enabling non-tech sectors to accelerate digitalisation roadmaps through enterprise-grade solutions while highlighting a burgeoning startup ecosystem, strong investor confidence, and valuable public-private partnership opportunities.

Addressing GITEX NIGERIA attendees, Hon. Minister Bosun Tijani, Nigeria’s Minister of Communications, Innovation and Digital Economy, emphasised the essential nature of sustained digital economy development, insisting: “The digital economy is not just about mobile apps or platforms; it is about technical efficiency and delivering productivity gains that transform entire sectors. This is why His Excellency President Bola Tinubu GCFR has placed the digital economy at the heart of the Renewed Hope agenda. His vision is very clear – that technology must not only grow GDP but also expand opportunities, reduce inequality, and create shared prosperity for all Nigerians. Under the President’s leadership, Nigeria has embraced the digital economy as a key driver of inclusive growth. We are not building just for elites; we are building for every Nigerian.”

Between 2019 and 2024, Lagos attracted over US$6 billion in foreign tech investment, cementing its position as the epicentre of Africa’s digital growth. The state today hosts hyperscale data centres and extensive fibre connectivity, accounting for more than 70% of Nigeria’s total tech inflows. Already Nigeria’s undisputed innovation hub, Lagos is also home to 23 of the country’s 28 fastest-growing companies, according to the Financial Times.

Reflecting on the significance of GITEX NIGERIA making its way to Lagos, Kashifu Abdullahi, Director-General/CEO of NITDA, said: “The energy is palpable, and the potential is boundless. Nigeria and Lagos in particular are a crucible of innovation, where raw talent meets the unshakeable will to succeed, a factory of unicorns. Lagos is the place where people use talent and come up with solutions without infrastructure. In other places, they use capital infrastructure to fuel innovation, while here, we use our resilience. Because we have no options, and we need to create the solutions. We are ready for it. As a nation, our vision is clear.”

GITEX NIGERIA is West Africa’s largest gathering of technology visionaries, industry leaders, and decision-makers overseeing digital transformation of non-tech sectors. The event also presents Nigeria’s largest and most globally diverse investor programme, facilitating concierge meetings between startups, investors, corporates, industry leaders, and prospective partners.

Discussing the unique value proposition that Lagos presents businesses, Trixie LohMirmand, EVP of Dubai World Trade Centre and CEO of KAOUN International, organisers of GITEX NIGERIA, said: “Lagos is a mega high-speed technology testbed that is dense, diverse, and demanding, where SMEs, startups, and entrepreneurs succeed not by conventional rules but by distinctiveness and necessity-driven innovation. Rising above power outages, currency fluctuations, and maturing infrastructure, they scale faster and endure longer. Survive and thrive in Lagos, and your products and solutions can compete and flourish anywhere around the world.”

The event runs with support from partners AWS, Cisco, the International Finance Corporation (IFC), Kaspersky, Federal Ministry of Art, Culture, Tourism and the Creative Economy; Federal Ministry of Youth Development, and Space42.

For more information, news and updates on GITEX NIGERIA, please visit https://GITEXNIGERIA.ng/.

Distributed by APO Group on behalf of GITEX NIGERIA.

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Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

Distributed by APO Group on behalf of Energy Capital & Power.

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Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

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The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 

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