• About
  • Privacy Policy
  • Contact
Friday, August 1, 2025
No Result
View All Result
NEWSLETTER
Diplomatic Info
  • Home
  • Diplomacy
  • Embassy News and Info
  • Events
  • Nigeria
  • Business
  • Politics
  • Security
  • Cover Story
  • ECOWAS
    • Togo
    • Sierra Leone
    • Senegal
    • Nigeria
    • Niger
    • Mali
    • Liberia
    • Guinea Bissau
    • Guinea
    • Ghana
    • The Gambia
    • Cote D’Ivoire
    • Cabo Verde
    • Burkina Faso
    • Benin
  • Advertise
    • mail
  • Home
  • Diplomacy
  • Embassy News and Info
  • Events
  • Nigeria
  • Business
  • Politics
  • Security
  • Cover Story
  • ECOWAS
    • Togo
    • Sierra Leone
    • Senegal
    • Nigeria
    • Niger
    • Mali
    • Liberia
    • Guinea Bissau
    • Guinea
    • Ghana
    • The Gambia
    • Cote D’Ivoire
    • Cabo Verde
    • Burkina Faso
    • Benin
  • Advertise
    • mail
No Result
View All Result
Diplomatic Info
No Result
View All Result
Home Africa

Inflation: Microsoft shuts Nigeria tech development hub in Lagos; keeps Kenya facility for Africa

by Diplomatic Info
May 9, 2024
in Africa, Business
0
Inflation: Microsoft shuts Nigeria tech development hub in Lagos; keeps Kenya facility for Africa
0
SHARES
24
VIEWS
Facebook ShareShare on WhatsAppTweet it!

In 2019, Microsoft pledged to invest $100 million over five years to boost its two West African hubs.

Technology giant, Microsoft, has shut down its Nigerian branch of the African Development Centre after two years of operation, focusing on its facility and staff in Kenya to achieve the corporation’s goals for the African continent.

Amid rising inflation that has turned the country’s economy hostile to both domestic and foreign firms, Microsoft closed its seven-floor Nigerian ADC facility in Ikoyi, Lagos State, leaving its employees jobless.

A Microsoft spokesperson confirmed the shutdown to Peoples Gazette on Tuesday but did not specify the number of affected workers.

In March 2022, Microsoft opened ADC in Lagos, Nigeria and Nairobi, Kenya, and expressed optimism about “training, equipping and hiring engineering talents” from Nigeria to “contribute to the development of Microsoft products,” according to Gafar Lawal, managing director of ADC West Africa.

The closure of the Nigerian ADC has stirred worries in the nation given that Microsoft — a global tech conglomerate—in 2019 pledged to invest $100 million over five years to boost its two West African hubs.

The termination of operations in Nigeria while still running business in Kenya left many citizens concerned, especially because other multinational companies like UK drug giant GlaxoSmithKline and Procter & Gamble Co. have also exited Nigeria.

Diplomatic Info

Diplomatic Info

Next Post
Tinubu’s govt conjuring magic to increase VAT without prices of goods going up in Nigeria: Taiwo Oyedele

Tinubu’s govt conjuring magic to increase VAT without prices of goods going up in Nigeria: Taiwo Oyedele

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Copyright commission arrests 17 suspected pirates, seizes N140m pirated materials

Review retirement to 70 years to stop age falsification by civil servants: Cleric

4 years ago
Nigerian soldiers no longer using 1970/1980 weapons to fight Boko Haram, ISWAP insurgents: Army Chief Lagbaja

Nigerian soldiers no longer using 1970/1980 weapons to fight Boko Haram, ISWAP insurgents: Army Chief Lagbaja

2 years ago

Popular News

  • Buhari arrives Washington for U.S.-Africa leaders summit

    Buhari arrives Washington for U.S.-Africa leaders summit

    0 shares
    Share 0 Tweet 0
  • Angola has deployed troops in DR Congo to fight M23 rebels

    0 shares
    Share 0 Tweet 0
  • 2023: I’ll negotiate with IPOB on Biafra agitation, Atiku declares

    0 shares
    Share 0 Tweet 0
  • I snubbed governors Tinubu sent to beg me after election; I’ll not stop fighting until Supreme Court rules: Atiku Abubakar

    0 shares
    Share 0 Tweet 0
  • Israeli president says situation ‘very serious’ amid judicial overhaul debate

    0 shares
    Share 0 Tweet 0

Connect with us on Facebook

Subscribe to Our Newsletter

Enter your email now to join our community of readers, and get new contents straight to your inbox

We promise to not spam you

Thanks for joining in.

Category

  • Africa
  • Benin
  • Burkina Faso
  • Business
  • Cote D'Ivoire
  • Cover Story
  • Diplomacy
  • ECOWAS
  • Education
  • Embassy News and Info
  • Events
  • Ghana
  • Guinea
  • Guinea Bissau
  • International
  • Liberia
  • Mali
  • News
  • Niger
  • Nigeria
  • Politics
  • Programs
  • Security
  • Senegal
  • Sierra Leone
  • The Gambia
  • Togo
  • Uncategorized

Quick Links

  • About
  • Contact
  • Privacy Policy
  • Advertise

About Us

Providing strategic insights into important social, cultural, political, and economic factors that significantly influence business and nations, Diplomatic Info will examine these critical issues and provide strategies that create competitive advantages.

© 2023 Diplomatic Info - Built with Love by Creovantage.

No Result
View All Result
  • Home
  • Diplomacy
  • Embassy News and Info
  • Events
  • Business
  • Politics
  • Security
  • News
  • Cover Story
  • Africa
  • ECOWAS
    • Togo
    • Sierra Leone
    • Senegal
    • Nigeria
    • Niger
    • Mali
    • Liberia
    • Guinea Bissau
    • Guinea
    • The Gambia
    • Cote D’Ivoire
    • Ghana
    • Cabo Verde
    • Benin
    • Burkina Faso
  • International
  • Contact

© 2023 Diplomatic Info - Built with Love by Creovantage.