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August 19.2025
2 Minutes Read

How MTN and Airtel's $400 Million Cloud Initiative Empowers Startups in Nigeria

Futuristic server room with binary code and clouds for Naira-priced cloud.

MTN and Airtel's Ambitious $400 Million Cloud Venture

In a bold move to reshape Nigeria's tech landscape, telecom giants MTN and Airtel are jointly investing nearly $400 million (₦613.81 billion) to develop a naira-priced cloud infrastructure. With the goal of capturing a share of the startup market currently dominated by major players like AWS, Google Cloud, and Azure, these companies aim to create robust platforms tailored for local innovations, particularly in industries such as fintech, AI, and automation.

Aiming for Local Empowerment in Cloud Computing

The naira-based pricing strategy represents a significant shift aimed at keeping tech spending within Nigeria. As Lynda Saint-Nwafor, MTN's chief enterprise business officer, noted, there's a marked difference between "charging in naira and being priced in naira." This approach, combined with AI-powered computing capabilities and local accelerator programs, seeks to alleviate the burdens that the weakening naira has imposed on startups, particularly as they strive to compete in a globalized market.

The Growing Cloud Market in Nigeria

According to industry reports, Nigeria's cloud computing sector is primed for explosive growth, projected to hit $1.03 billion by 2025 and $3.28 billion by 2030. MTN has already recognized the potential for substantial capital flight, with most businesses currently spending vast swathes of budget on foreign cloud services. By introducing affordable local options, MTN and Airtel not only aim to curtail this outflow but also foster a more dynamic tech ecosystem.

Addressing Challenges and Realizing Opportunities

The impact of the naira's devaluation has posed significant challenges for startups, as increasing costs can jeopardize their operations. However, MTN plans to turn this crisis into an opportunity by offering competitive local services at a price point that undercuts international rates by 15-20%. By integrating essential features such as localized computing and robust cybersecurity protocols, they’re well-positioned to appeal to budget-conscious businesses.

Looking Ahead: What This Means for Startups

The prospects for startups within this framework are bright, provided MTN and Airtel can deliver services that match the performance levels offered by their international competitors. As noted by Quonos CEO Aaron Sotunde-Adesina, the success of these initiatives will ultimately depend on reliability and effectiveness. With local infrastructure and dedicated service offerings, the playing field could shift as this investment matures, helping Nigerian startups thrive.

In conclusion, as MTN and Airtel navigate the exciting terrain of cloud computing, they are not only fostering innovation but positioning Nigeria as a future tech hub in Africa. This transformative approach could unlock phenomenal opportunities for the next wave of tech entrepreneurs.

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The Cathedral Mindset: Building African Enterprises That Last Centuries, Not Just Cycles

Did you know that fewer than 5% of African businesses survive beyond their founder’s generation? As Africa emerges as the world’s youngest and most dynamic continent, this fact highlights a crisis threatening its ambitions: the struggle to build enterprises that outlast fleeting market cycles. In a world driven by rapid profit and short-term thinking, Africa’s future depends on sustainable business growth —the kind powered by grand visions, patient strategies, and a deep-rooted sense of legacy. This is the essence of the Cathedral Mindset, and adopting it can transform Africa’s economic destiny for centuries to come. Why Sustainable Business Growth Africa Is More Urgent Than Ever Across the African continent, economic growth often makes headlines, but beneath the surface lies a challenge: too many enterprises are built for today's hype, not tomorrow's heritage. The drive for immediate returns—anchored in the pressures of investor expectations or policy incentives—can sometimes overshadow the need for slow, steady, and truly sustainable growth. With shifting demographics, increasing youth populations, and mounting socio-economic aspirations, there's never been a more pressing moment to shift our business philosophy. Sustainable business growth isn't just a catchphrase; it's the linchpin for future stability, shared prosperity, and generational impact in Africa. Take for instance how volatile market shocks—from global pandemics to regional conflicts—have rattled businesses across sectors. Those with deeper roots, diversified strategies, and a longer vision have consistently emerged stronger. In contrast, those driven by rapid expansion and quick profits are often swept away by the next disruption. Sustainable business growth Africa urgently calls for approaches that weather storms and thrive through decades, ensuring that businesses not only survive but build legacies echoing for generations. What You'll Learn About Sustainable Business Growth Africa The Key Tenets of the Cathedral Mindset for Long-Term Enterprise How to Build African Businesses That Last Across Generations Strategies and Models That Promote Sustainable Business Growth Africa Real-World Lessons from Enduring African and Global Enterprises Answers to Recurrent Questions on Business Longevity in Africa Decoding the Cathedral Mindset—Lessons for Sustainable Business Growth Africa Defining the Cathedral Mindset for African Enterprises (e r, e c, e e) The Cathedral Mindset refers to a philosophy inspired by the construction of medieval cathedrals, whose builders often toiled for decades—and sometimes centuries—never seeing the final masterpiece themselves. Applying this to African enterprise, it means envisioning, investing, and building businesses as ongoing legacies, not fleeting trends. This is a radical departure from the increasingly short-term focus in today's market, and it requires deep conviction, resilience, and communal vision. Adopting such an approach sets the foundation for real, enduring sustainable business growth Africa so badly needs. Unlike models obsessed with quarterly results, the Cathedral Mindset emphasises generational stewardship . African businesses embracing this philosophy build not just for themselves, but for their children and the communities around them. By championing patience, embracing uncertainty, and empowering collective participation, these enterprises establish a unique blueprint that strengthens their relevance, resilience, and reach for centuries. Key Principles: Patience, Legacy, and Adaptability for Sustainable Business Growth Africa (e o, r e, e g) Three timeless virtues underpin the Cathedral Mindset: strategic patience , legacy focus , and continuous adaptability . Strategic patience compels leaders to prioritise long-term robustness over short-term gains. Visionaries understand that any meaningful achievement—be it in cathedrals or corporations—requires time and incremental progress. Legacy is the anchor. In Africa, where lineage and history hold immense cultural value, businesses should be guided by the desire to leave behind something meaningful. This focus shapes decision-making at every level—from governance structures to investments and stakeholder engagement—ensuring priorities are not lost to fleeting opportunities. Strategic patience that favours generational progress over rapid cycles Focus on legacy as a key motivator of business decisions Continuous adaptability to shifting markets and technology Yet, patience and legacy without adaptability are hollow. As markets evolve, technology disrupts, and consumer expectations shift, African enterprises must innovate and pivot. The Cathedral Mindset doesn't reject change; it integrates agility into the foundation, blending centuries-old wisdom with the demands of tomorrow’s world. "The best time to plant a tree was 20 years ago. The second-best time is now." — African Proverb Comparing Short-Term Cycles vs. Sustainable Business Growth Africa For decades, African businesses have oscillated between the lure of quick profits and the reality of volatile markets. Short-term cycles often promise meteoric rises, but they almost always end with abrupt collapses—leaving communities, employees, and investors in disarray. In contrast, the Cathedral Mindset roots African enterprise in resilience, adaptability, and a commitment to systemic value creation. The difference is not just philosophical; it's existential. While short-term thinkers chase rapidly shifting opportunities, cathedral builders develop enduring models that withstand storms. Data shows that businesses with long-term strategies are four times more likely to sustain profitability and employment across multiple decades. Investing in sustainable business growth Africa means breaking free from founder-centric, high-scaling-risk approaches and instead building systems and cultures that prioritise purpose and stability over unchecked expansion. Short-Term Cycles Cathedral Mindset / Sustainable Business Growth Africa Profit-Driven Purpose-Driven Rapid Expansion Gradual, Solid Growth Founder-Centric System and Culture Focused High Scaling Risk Measured, Resilient Development Case Studies: Enduring African Enterprises and Their Secret to Sustainable Business Growth Africa (e v, o e) Old & New: From Traditional Family Conglomerates to Modern Pioneers (e m, l e) Some of Africa’s most enduring commercial legacies are family-run conglomerates—spanning textiles, agriculture, and retail—that have weathered generations of social, political, and economic transformation. These successes are seldom accidental; they reflect tight succession planning, innovation blending tradition with modernity, and a relentless commitment to inclusive growth. The Cathedral Mindset is openly apparent in these organisations. Rather than extracting for immediate family gain, they steward resources, reinvest profits, and cultivate internal talent for decades, not just years. Today, a new generation of African entrepreneurs—often tech-enabled and globally connected—are applying the same long-term orientation. Modern pioneers build for scale, but not at the cost of sustainability. They structure their organisations with cross-disciplinary teams, prioritise community value, and invest in solutions that solve tomorrow’s problems. Their approach is rooted in sustainable business growth Africa, intertwining profit and purpose, modernity and legacy, quick turns and gradual, lasting impact. Building Sustainable Business Growth Africa: Strategic Pillars for the Next Century (d m, g o, g p) Long-Term Vision Over Quick Wins (e im, n m, e n) Every thriving enterprise starts with a compelling vision that stretches well into the future. African businesses determined to enjoy century-long success must resist the pressure for fast, cosmetic wins. Instead, they should cultivate vision statements that look 30–50 years ahead , acting as north stars to align stakeholders, motivate teams, and inspire investors. This long horizon de-emphasises immediate gratification, creating space to develop robust capabilities and weather inevitable downturns. Craft vision statements looking 30–50 years into the future Invest in future-proof infrastructure, talent, and technology Committing to sustainable business growth Africa also requires investing in the foundations—like essential infrastructure, renewable energy, modern logistics, and talent development—that will outlive current trends. Only those who understand the interplay between foresight and present-day discipline can ensure their enterprises join the ranks of global giants built to last. Governance and Succession Planning for Sustainable Business Growth Africa (r r, n g, n re) Strong governance and succession mechanisms are the backbone of every enduring organisation. Without systems that outlive founders and charismatic leaders, even great ideas collapse. In the African context, governance must balance family interests, professional management, and community stakeholders. Succession planning should be institutionalised, going beyond mere inheritance to include grooming talent, transparent leadership transitions, and robust risk controls. Having clear, ethical rules and a culture committed to stewardship enables businesses to weather disruptions and protect legacy for future generations. In fact, judging from the track record of resilient family businesses and trusted conglomerates, prioritising governance and succession underpins all dimensions of sustainable business growth Africa—especially as the next century brings even more complexity and global competition. Cultivating Innovation for Sustainable Business Growth Africa (n p, h o, o c) While tradition provides a solid foundation, innovation fuels continuous relevance. African companies keen on sustainable business growth must create open-innovation cultures —welcoming new ideas from employees, customers, and even competitors. This approach means collaborating across sectors and geographies, leveraging partnerships for mutual benefit, and investing in research and development that anticipates emerging trends. Foster open-innovation cultures that adapt to emerging needs Collaborate across sectors and regions for shared longevity True innovation isn’t isolated or competitive alone; it is inclusive, collective, and geared towards solving Africa’s unique challenges. By embedding experimentation and shared knowledge into organisational DNA, African businesses can ride the next wave of technology and social change, driving sustainable business growth Africa that is both future-proof and regionally relevant. The Role of Community and Shared Value in Sustainable Business Growth Africa (n w, n h, o o) Lasting enterprises in Africa are those that align commercial objectives with community aspirations and well-being. Leaders are discovering that investing in local health, education, and infrastructure not only addresses immediate needs but builds powerful, reciprocal relationships with wider society. Community-based strategies create loyal customers, dedicated employees, and supportive regulators—the real pillars of sustainable business growth Africa. Moreover, the idea of < > extends far beyond philanthropy: it is about linking monetary success with societal welfare. The companies most likely to endure are those that channel a portion of profits into local development, protect natural resources, and empower marginalised groups—making them indispensable to the communities in which they operate. Video Case Study: Building for Eternity—A Visual Guide to Sustainable Business Growth Africa This mini-documentary features in-depth interviews with leading African business figures, walking viewers through their principles, key decisions, and the societal engagement that drives their sustainable success. Get inspired by enterprises built not only for profit, but also for the prosperity of communities and the continent at large. Top Strategies for Achieving Sustainable Business Growth Africa (Lists, e mo, h e, l d) Embed multi-generational vision in DNA Develop local and international partnerships Build robust financial frameworks for resilience Prioritise ethical leadership and transparency Institutionalise knowledge-transfer processes These strategies address the core weaknesses of reactive, short-term business models. They anchor enterprises in purpose and resilience, drive investment into critical relationships, and enable stewardship beyond current leadership. Abandoning siloed or ad-hoc approaches in favour of these foundational tactics will make sustainable business growth Africa a baseline expectation, not a rare exception. Common Barriers to Sustainable Business Growth Africa and Solutions (o m, r g, n n) Lack of patient capital : Foster relationships with visionary investors who value long-term impact over immediate returns. This might involve new funding mechanisms, co-investment consortia, or partnerships with development finance institutions willing to bet on slow but steady growth. Talent drain : Build purpose-driven workplaces with clear opportunities for advancement and learning. Attractive career paths, coupled with a values-driven culture, help retain Africa’s best and brightest, reducing dependence on talent imports or high staff turnover. Market instability : Proactive scenario planning and dynamic risk management are critical in a continent marked by geopolitical and economic volatility. By developing contingency strategies and continually monitoring trends, African businesses can ride out turbulence while staying aligned to long-term objectives. People Also Ask: Sustainable Business Growth Africa Insights What Are the Main Drivers of Sustainable Business Growth in Africa? The main drivers of sustainable business growth Africa include a commitment to patient, long-term investment; a culture of innovation; and deep community engagement. Effective governance, strong leadership, and robust partnerships with local stakeholders are essential. Additionally, aligning company strategies with societal needs and environmental responsibility further cements businesses as indispensable contributors to Africa’s future. How Can African Startups Transition to Cathedral Mindset Thinking? African startups can transition to the Cathedral Mindset by broadening their horizons beyond immediate profitability. This involves creating visions for generational impact, investing in strong governance and succession planning, nurturing cultures of experimentation, and committing to community-centred value creation. Startups must also seek diverse funding and mentorship from long-term oriented stakeholders, ensuring every innovation or risk is weighed against its potential legacy. What Industries Show the Highest Potential for Sustainable Business Growth Africa? Industries such as renewable energy, agri-business, healthcare, education, and financial technology show unique promise for sustainable business growth Africa. These sectors tackle critical societal issues while positioning enterprises for centuries-long relevance. By addressing fundamental needs, fostering collaborative ecosystems, and embedding innovation into their models, enterprises in these industries are primed to thrive across ever-changing political and economic landscapes. Watch African business leaders discuss their journeys—how they applied the Cathedral Mindset, overcame barriers, and created enterprises that have transformed their communities. Listen to first-hand experiences and visionary outlooks shaping the sustainable business growth Africa needs. Expert Quotes on Sustainable Business Growth Africa "True African prosperity will not be measured in unicorn valuations, but in companies that last for centuries." — Leading African Business Strategist FAQs: Addressing Common Questions About Sustainable Business Growth Africa How can family run businesses safeguard continuity? Family businesses should implement governance frameworks that separate ownership from management, invest in leadership development for younger generations, and formalise succession planning. Building robust institutional cultures ensures organisational health beyond any one individual or era. What policy changes would most enable sustainable business growth? Enabling sustainable business growth Africa requires policy frameworks that incentivise long-term investments, offer tax relief for research and development, and foster ease of doing business across regions. Simplifying regulatory hurdles and providing infrastructure support empowers enterprises to take patient, strategic risks. Are there examples of failed legacies and what can be learned? There are, unfortunately, numerous failed business legacies in Africa, often due to poor governance, succession disputes, or overreliance on founder charisma. The biggest lesson is the need for institutional resilience—this means codifying processes, decentralising power, and investing in future leaders early. Key Takeaways for Driving Sustainable Business Growth Africa Sustainable business growth requires patience, vision, and community alignment Implementing cathedral mindset principles future-proofs African enterprises Legacy-driven strategies strengthen stakeholder trust and societal value Want Future-Proof Strategies for Sustainable Business Growth Africa? Want to grow your brand with future-focused strategies? Discover the East Africa Top Directory brand transformation strategies. Contact us today . To deepen your understanding of sustainable business growth in Africa, consider exploring the following resources: “Africa’s Green Economy: A Job Creation Revolution by 2030” ( africanews.com ) This article discusses how Africa’s green economy is projected to create 3.3 million jobs by 2030, highlighting sectors like solar energy and climate-smart agriculture as key drivers of employment and sustainable growth. “Africa Green Business and Financing Initiative” ( undp.org ) This initiative by the United Nations Development Programme focuses on promoting and enabling the development of green businesses and financing models, aiming to increase the private sector’s role in Africa’s green transition. If you’re serious about fostering sustainable business growth in Africa, these resources offer valuable insights into the opportunities and strategies that can drive long-term success.

Unlocking Sustainable Revenue Growth: Join RevUp Africa 2025

Update RevUp Africa: Addressing the Revenue Growth Challenge As Africa’s tech landscape rapidly evolves, the quest for sustainable revenue growth remains a daunting challenge. Enter RevUp Africa, a unique event set to take place on September 6, 2025, at The Zone in Lagos. Organized by B4B Partners and the RevStar Community, this gathering connects revenue leaders across the continent—from entrepreneurs in fintech to those pioneering digital transformation initiatives. Tackling Revenue Alignment Through Collaboration RevUp Africa champions a collective approach towards positioning sales, marketing, customer success, and product teams in alignment. The agenda includes keynote speeches and dynamic panels addressing critical topics such as 'The Future of Revenue in Africa’s Tech Ecosystem' and 'Scaling Revenue in a Tough Economy.' These discussions will empower participants to implement actionable strategies that resonate with the realities of today’s market. Reinforcing the Value of Revenue-Driven Models In contrast to well-documented fundraising drives, RevUp Africa highlights the importance of revenue as the heartbeat of growing businesses. By introducing the exclusive Revenue Compensation Report for Nigeria, participants will gain essential insights into compensation strategies that propel performance across various sectors. This focus on monetization not only fosters sustainability but also ensures that innovators are equipped to create tangible impacts in their industries. Expert Insights and Real-World Strategies With a lineup of seasoned speakers—including Cynthia Alabi, Titilope Macaulay, and Caroline Wabara—RevUp Africa is a hub for knowledge exchange. Attendees will leave with practical insights applicable to their unique contexts, echoing the event’s commitment to melding knowledge with community engagement. The Future of African Tech Innovation This pioneering event offers a glimpse into Africa's future in tech and finance. By prioritizing effective revenue strategies, RevUp Africa aims to transform how businesses engage with customers and develop sustainable practices amidst uncertainties. Entrepreneurs and investors alike should recognize this opportunity to catalyze change in their ventures. If you're keen on being part of this transformative conversation and wish to attend RevUp Africa, secure your tickets now at revup.africa. The future of revenue in Africa's tech sector awaits your engagement!

Bitget Revolutionizes Investing in Nigeria with Tokenised Stocks

Update Introducing Tokenised Stocks: The Future for Nigerian Traders Bitget, recognized as the world’s leading cryptocurrency exchange and Web3 company, is taking a significant step forward by introducing tokenised stocks to Nigerian traders. This innovation allows everyday investors in Nigeria to gain exposure to renowned multinational corporations (MNCs) using a blockchain-native interface. With this, Nigerian crypto users will be able to access shares of major U.S. companies such as Apple, Tesla, and Amazon without the complexities associated with traditional investing methods. Global Access Meets Local Convenience Nigerian investors can now utilize the Bitget Onchain platform to trade these tokenised stocks 24/7, eliminating the need to adhere to international market hours. By bypassing traditional forex hurdles and brokerage mandates, traders can invest using Nigerian Naira (NGN), making the process more accessible than ever. Why Tokenisation is Essential for Nigeria's Financial Landscape Gracy Chen, Bitget’s CEO, emphasizes that "Tokenization is the next frontier in finance." This sentiment captures the essence of how tokenising assets can demystify access to financial markets. It not only lowers the barrier for entry into trading by allowing fractional ownership of equities but also ensures full transparency through blockchain technology—a feature critical to fostering trust among new and seasoned investors alike. Aligning with Evolving Regulations What makes this move even more remarkable is Nigeria's evolving regulatory landscape. With the Securities and Exchange Commission (SEC) updating its digital asset rules and providing clarity on transaction oversight, Bitget’s commitment to compliance aligns perfectly with the nation’s push towards embracing innovative financial solutions. This environment not only allows for safer transactions but also fosters a progressive investment culture. How to Participate For those eager to engage, participating is as simple as creating a Bitget account and completing the KYC verification process. Once that's done, traders are set to explore tokenized U.S. equities and Ondo-backed assets for diversified investment opportunities, including ETFs and money market funds. As we stand at the forefront of a digital transformation in Africa, the fusion of blockchain with traditional investing offers intriguing possibilities for innovation and growth. This initiative by Bitget is not just a service offering but a significant leap towards a financially inclusive future powered by technology.

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