AfriLabs inks partnership agreement with Vault Hill Labs
The African Technology Innovation Hubs Initiative (AfriLabs) and Vault Hill Labs have partnered to usher in a new era of technological empowerment, driving innovation and digital transformation across Africa and the Middle East.
Vault Hill, known for its digital platforms integrating AI and blockchain technologies, will collaborate with AfriLabs, which has established a network spanning 54 African countries with over 400 technology and innovation hubs.
This alliance leverages Abuja-based AfriLabs' reach and Vault Hill’s technologies to fulfill shared technological advancement and community empowerment objectives.
Speaking at Annual Investment Meeting (AIM) Congress in Abu Dhabi, United Arab Emirates (UAE) where the partnership was signed, Ajibola Odukoya, Chief Operations Officer at AfriLabs, said with AfriLabs’ extensive network and the successful initiation and implementation of projects worth US$33 million, the collaboration with Vault Hill will amplify Afrilabs’ impact, bringing sophisticated digital solutions to millions, and further enriching the technological landscape of Africa.
The MoU will see Vault Hill act as AfriLabs’ strategic partner in the UAE.
The focus will be on fostering growth and supporting the ecosystem with advanced AI, Blockchain and immersive technology services.
Vault Hill and AfriLabs will engage in joint initiatives aimed at empowering communities and fostering sustainable growth through technology.
“This is more than a partnership. It’s a strategic alliance poised to set new technological innovation and socio-economic development standards,” said Jimi Daodu, Vault Hill Chief Executive Officer.