Zinox Technologies secures US$25million to build digital hubs in the country


Nigerian information communication technology (ICT) firm, Zinox Technologies has secured US$25million from the European Technology Trust Fund to build digital hubs in the country.

Two of the hubs – one located in Port Harcourt, the Rivers State capital, and the other in Abuja – are already being constructed.

The fund will be used to speed up work on the hubs and bring it to completion as quickly as possible so they can be put to good use.

The hubs, when completed, are expected to provide jobs for numerous youths in the country, and act as 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 Leo Stan Ekeh, Chairman of Zinox Group.

He added, “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.”