Huawei takes on big cloud providers with $10m credits to Nigerian startups
- Huawei will grant cloud credits worth $10 million to 100 Nigerian startups to grow its cloud business.
- Huawei has secured major clients in the cloud computing market, including OPay, Eden Life, and Feather Africa.
- The demand for cloud computing services in Africa is growing at a rate of 25-30% annually.
Huawei's decision to grant cloud credits to Nigerian startups is a strategic move to penetrate the African market and compete with established cloud giants. While it may help onboard clients and increase market share, the company will need to address concerns about costly USD-denominated cloud services bills. Switching to local currency payments could be a step in the right direction.
