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China’s Robotic Summit Shows A Changing Face of Humanoids

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Increasingly sophisticated technology is transforming industries, including manufacturing, agriculture and education also the humanoids industry is not left behind

As China seeks to race ahead in humanoid robot development, its supply chains showcased cheaper and innovative parts at the world robot conference in Beijing, but some executives warn the industry has yet to improve product reliability.

Wisson Technology (Shenzhen), known for its flexible robotic manipulators, does not depend on motors and reducers — transmission devices commonly used in robotics — but instead uses 3D-printed plastics and relies on pneumatic artificial muscles to power its robots.

This less expensive form of production allowed it to price its flexible arms at about one-tenth that of traditional robotic arms, said Cao Wei, an investor in Wisson through venture capital firm Lanchi Ventures, in which he is a partner.

Pliable technology will usher in robotic arms at a cost of about 10,000 yuan ($1,404), Wisson said on its website.

“(Wisson’s) pliable arms could be used in humanoids,” said Cao, adding that the company has already provided samples to overseas companies that make humanoid robots, without elaborating.

Yi Gang, founder of Shanghai-based Ti5 Robot, a company specializing in integrated joints, highlighted some of the problems he sees in the robotics supply chain.

“The whole supply chain still needs to address issues with product reliability,” said Yi, adding that due to defect rates, his company could make products in volumes of only up to 1,000.

Harmonic gear, which referred to machinery that played a key role in motion-control, was a key issue, he said.

China’s robotics effort is backed by President Xi Jinping’s policy of developing “new productive forces” in technology — a point made in brochures for last week’s event.

Across China, the world’s largest market for industrial robots, the increasingly sophisticated technology is changing the face of traditional industries such as manufacturing, cars, agriculture, education, health and home services.

Gao Jiyang, previously an executive director at Chinese autonomous driving start-up Momenta before founding Galaxea AI, a start-up focused on robot hardware and embodied AI, said the ramp-up in smart driving was leading to advances in robotics.

“Autonomous driving means AI-plus cars, which are also a type of robot,” Gao said.

As the conference wrapped up on Sunday, Premier Li Qiang said it was crucial to implement Xi’s guidelines on the importance of the robot industry.

“The robot industry has broad prospects and huge market potential,” Li said, according to China’s official Xinhua news agency.

Describing robots as an “important yardstick for technical innovation and high-end manufacturing strength”, Li called for efforts to maintain supply chain stability and progress on the international stage.

“It is necessary … to promote the expansion and popularization of robots in various fields such as industry, agriculture and service industry,” he said.

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Business

CBN Restores BDC Access to FX Market, Caps Weekly Purchases at $150,000

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By Huldah Shado

The Central Bank of Nigeria (CBN), has approved the participation of licensed Bureau De Change (BDC), operators in the Nigerian Foreign Exchange Market (NFEM), allowing each BDC to purchase up to $150,000 weekly.

The approval was contained in a circular dated February 10, 2026, signed by the Director of the Trade and Exchange Department, Dr. Musa Nakorji, and addressed to authorised dealer banks and the general public.

The CBN said the move is aimed at improving foreign exchange liquidity in the retail segment of the market and meeting the legitimate needs of end users, amid a widening gap between the official and parallel market exchange rates.

Under the new arrangement, licensed BDCs can access foreign exchange from the NFEM through any authorised dealer bank of their choice at the prevailing exchange rate.

The apex bank directed banks to carry out full Know-Your-Customer (KYC), and due diligence checks on BDC clients before selling foreign exchange to them.

It also imposed reporting and transparency requirements, mandating BDCs to submit returns electronically to the CBN.

In addition, the bank prohibited third-party transactions and limited cash settlement to a maximum of 25 per cent of each transaction.

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Abuja Reports

Ultraviolet MFB MD Visits Equity Circle, Eyes Strategic Partnership

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By Samson Adeyanju 

The Managing Director and Chief Executive Officer of Ultraviolet Microfinance Bank, Bayonle Omoyele, has paid a working visit to Equity Circle, one of Abuja’s fast-growing real estate companies, as part of efforts to strengthen strategic partnerships within Nigeria’s real estate sector.

During the visit, Equity Circle’s Co-Founder and Chief Marketing Officer, Fabian George, conducted Omoyele on a tour of the company’s facilities and outlined its growth trajectory.

He disclosed that the firm recorded significant milestones over the past four years, culminating in an ₦8 billion revenue in the 2025 financial year.

Discussions between both parties focused on establishing a strategic credit relationship, with proposed areas of collaboration including invoice discounting, structured credit solutions, and cash-flow management support to help Equity Circle sustain and scale its operations.

Addressing Equity Circle staff during an interactive session, Omoyele emphasised the importance of strong marketing fundamentals, highlighting the 4Ps of marketing-Product, Price, Place, and Promotion, as key drivers of long-term competitiveness and brand leadership.

He also urged the team to adopt a long-term growth mindset, remain focused, and ensure that every unit contributes meaningfully to the organisation’s strategic goals, noting that disciplined execution is critical in Nigeria’s evolving real estate market.

The visit underscores Ultraviolet Microfinance Bank’s commitment to supporting high-growth enterprises through tailored financial solutions and partnerships that promote sustainable economic development.

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Business

Moniepoint Strengthens Africa’s Tech Talent Pipeline with DreamDevs Cohort 2

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By Omoniyi David

Moniepoint Inc has reaffirmed its commitment to building Africa’s technology talent pipeline, announcing the opening of applications for the second cohort of its flagship DreamDevs initiative.

Co-Founder and CTO Felix Ike described DreamDevs as a programme that equips recent graduates with industry-ready skills and hands-on experience to bridge the continent’s tech talent gap.

“The success of our first cohort validated that Africa’s young tech talent can compete globally. This year, we aim to convert half of our participants into full-time employees,” Ike said, adding that the initiative creates sustainable career pathways that drive Africa’s digital economy.

DreamDevs complements Moniepoint’s other talent development programmes, including HatchDev, in collaboration with NITHub, University of Lagos, which trains about 500 specialised developers annually, and the Women-in-Tech programme, now in its fifth year.

The initiative also aligns with the Federal Government’s 3 Million Technical Talent (3MTT), programme, with Moniepoint serving as a key sponsor, offering graduates a specialised pathway from training to employment.

DreamDevs underscores Moniepoint’s broader mission to leverage technology to empower Africa’s youth and advance the continent’s digital economy.

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