03
07
2025

PAGES

03
07
2025

spot_img

PAGES

Home Blog Page 6909

What Nigeria Must Do After The Hacking Incidence of Yesterday

0

Our nation was embarrassed yesterday when a group of  hackers showed how insecure federal digital infrastructure in Nigeria are. It was just unfortunate that even after the incidence the nation did not react well – some of the sites were compromised for more than 10 hours.  It is shameful and we must learn from this experience. As we connect our hospitals, utilities and other key aspects of our economy  to the Internet, it is very important that we understand the implications and vulnerabilities insecure systems could pose to our continued competitiveness as a nation.

 

The boys have woken us up and we hope we learn from this. We need to know that  cyberwar is not a war of choice. It will come to you even if you do not want it. Just as computer virus attacks our computers, this warfare is waged at national level with consequences that can shut down a military control, financial systems, health informatics, and telecommunication networks. It is something that the nation cannot afford to waste time to develop a coherent strategy for.

 

The nation must call immediately security experts and think through the processes that enabled the boys to break  into the systems and find immediate solutions to avoid such in the future.

 

It is important to understand that this is not an ICT problem. This is a serious engineering problem that goes beyond the digital bits to the transistors that power the microchips upon which the ICT depends. Nothing is safe; a light bulb in the Presidency can be a listening device, and that Flash USB key our soldiers use on their laptops while connected to our military networks could be the source of intrusion. Linking those power systems to the web for remote monitoring by German vendors could open them to cyber-threats.

 

People, it is a new world and we must understand these challenges and convene meetings of stakeholders to develop plans immediately. It could be a workshop where we bring our brightest minds on engineering and security and connect them to work with our military. Iran has boasted of having the world’s second-largest cyber-army while China is determined of “winning informationised wars by the mid-21st century”. And Nigeria must prepare and push African Union to develop a Cyber Control Command for Africa or better still develop its own.

 

We have delivered this message in multiple forms and hope the government will do what is needful. Let us call a national stakeholders meeting of industry, policy and public security experts to ensure our digital presence is secured.

 

 

 

Yes, G-Cameroon Is June 15/16. That Is All We Can Get From The Site. No French Writer in Tekedia

0

From Google Africa.

 

Like Google, Nigerians showed excitement about the vast array of opportunities that the Internet provides, and are eager to participate more fully in the global technological revolution. Google continues on the path to building local capacity to improve the web. Next stop? Cameroon! On June 15-16th, G-Cameroon lands in Douala. We look forward to share our passion with Cameroon and watch as West Africans take up the challenge of changing the face of the web for Africa and beyond.

 

Now that you clicked the G-Cameroon link, what did you get? French. All We can say is that the event is scheduled June 15-16. Nothing else. Any French in the house, help us make sense of those that are coming.

New CBN Rule to Open Opportunities for e-Commerce

1

On Thursday, April 28, 2011, Central Bank of Nigeria issued a circular titled “Industry Policy on Retail Cash Collection and Lodgement”. According to the Central Bank of Nigeria (CBN), there is no going back on “Industry Policy on Retail Cash Collection and Lodgement” which imposes restrictions on daily cash deposits and withdrawals either by individuals or corporate entities. This is to discourage the use of raw cash in economic transactions in the country; the CBN is taking steps to promote the use of e-payment systems.

 

 

The CBN in this circular to all banks, Cash-in-Transit (CIT) operating firms, payments system service providers, as well as money card acquirers, issuers and processors, said that the new policies, including payment of increased penalties for cash transactions by individual and corporate bank account holders, are to help reduce the high usage of cash as well as moderate the cost of cash management among operators in the country’s financial system.

 

Effective from June 1, 2012, daily cumulative free cash withdrawals and lodgements by individual and corporate customers must not exceed a maximum of N150,000 and N1 million respectively.

 

The CBN has imposed a penalty of N100 per N1000 on all individual cash transactions in excess of the limit, while corporate customers that go contrary to the new policy are to pay a fee of N200 per N1000 withdrawn above the stipulated cumulative limit.

 

The circular stated that, “Contravention of this policy shall attract a fine of five (5) times the amount that the bank waives as a first offender, while the bank shall, subsequently, pay ten (10) times the charges waived.”

 

With effect from June 1,this year, operators of card payment schemes, processors, switching companies, service providers, and banks risk being suspended for a month or licence revoked by the CBN, for not acquiring approved operational agreements/contracts for local currency Point of Sale (POS) card scheme.

 

The CBN warned that “All financial institutions, including Deposit Money Banks (DMBs), Savings and Loans, Mortgage and Microfinance Banks shall comply accordingly. Compliance with the policy shall be monitored by the Banking Supervision Department and the Other Financial Institutions Supervision Department with appropriate sanction applied to erring institutions,”

 

This move is expected to reduce the amount of currency outside the banking system  and many believe, would help curb incidents of violent robberies which have become common because people move huge volume of cash around.

 

This new cash withdrawal limit, I think it is a great idea for this country to grow. If faithfully implemented, It is going to enhance transparency and accountability in the banking industry as well as check corruption and money laundry. Government taxation system would be effective and individual income can be verified easily. It will save cost of handling cash and this monetary policy will also promote wider use of alternate payment systems such as electronic money payment system, electronic money transfer, mobile payment system and so on. This new policy would open up a new phase of business culture in Nigeria and this will give a big boost to the software industry in Nigeria as new e-payment systems will emerge.

 

The List Is Ready – Finalist in Pivot 25 Quest for $75,000 (Payments and Mobile Commerce)

0

Finalists in Mobile Payments and Mobile Commerce for Pivot25 Kenya. Pivot25 is a one of a kind Conference and Competition. Spread over two days, on the 14th and 15th of June at the Ole-Sereni Hotel, Pivot25 will showcase developer talent and applications from across the East African region. So why now and why the name Pivot25? Well it’s quiet simple. The Continent and the region is at  the cross-roads of  a technology revolution. A revolution that is able to propel it and it’s citizens out of the often seen cloudy crystal ball of poverty, corruption, wars, famine, doom and…The following are those that were shortlisted in the payment and mobile commerce category.

 

 

Kopo Kopo by Kopo Kopo, Inc – A software-as-a-service mobile payment gateway for small and medium sized enterprises in Sub-Saharan Africa. The service is available on a pay-as-you-go basis. Jamobi by OTB Africa Limited – A mobile software solution allowing members of the informal sector to effectively carry out book-keeping from their mobile device at affordable costs and convenience.
MPAYER by Zege Technologies – In the wake of mobile money, high transaction businesses can hardly keep up with mobile money demands. MPAYER aims to make Mobile Money payments with enterprises easier, more efficient and much faster than current configurations. It aims to make mobile money more malleable. Bizito by Nyaruka in Rwanda – A platform that allows anyone to create a premium SMS service and earn money, using nothing more than the cell phone they already own.
M-Shop by MTL Systems Limited – A platform allowing consumers to order, pay for, obtain and validate tickets for events, travel, goods & services. The solution provides USSD technology or a mobile application on smart phones to deliver this convenience at any time and from any location with a mobile carrier signal.

A Rematch? IPO48 Kenya Is Scheduled For August 12-14. Will Girls Win Again?

0

IPO48 is awesome. It is coming back to Kenya. Remember the incubator that enabled the M-Farm all girls app for farmers in Kenya.  We mean the startup of three girls that enabled farmers to know the price of produce so that they can bargain better? The app has since been shown in BBC, CNN, CNBC, etc.

 

After the successful IPO48 that produced winners in all-girls M-Farm, the trio of HumanIPO, Quartz+c0, and iHub and are at it again. IPO48 is planned in Kenya as follows:

 

You apply to the event by filling out a personal application form on IPO48.org. This will automatically make you a user of the HumanIPO network.

 

Approx. 30 days before the event kicks off you will need to create a start-up on the IPO48 platform. You can invite max. two co-founders to your start-up team.

 

You will now be engaged by IPO48 online Rainmakers, who will challenge and help improve your start-up pitch. Depending on how you interact and the quality of your final version pitch, we will pick max. 15 teams to participate at least 8 days before the event.

 

If you do not want to pitch a start-up idea, you can join one. On IPO48 website you will be able to indicate different start-ups that you could see yourself joining at the event.

 

Important: Only the start-ups that are approved online will be allowed to pitch at the event.

 

Agenda

Friday, Aug 12 – event starts @iHub, Nairobi
Teams present their 90 sec pitch and find the participants they would like to join their star-up for the 48h event.

Saturday, Aug 13
On-site mentors engage and help teams. Work – work – work.

Sunday, Aug 14
More help from mentors and help with the preparation of the final presentations. Final demo, voting and prizes.

Prize-winning categories

  • Most disruptive start-up
  • Best hustling team
  • Best presentation
  • Most likely to get funded

 

The Investment

Teams negotiate with the Investor group. Investment deal announcement.

The 25.000 euro investment will solely be decided by the IPO48 investment team and will not necessarily relate or depend on any of the category winners.

 

Post workshop by quartz+co for entrepreneurs

Apart from the mentorship during the IPO48 event, have them teamed up with quartz+co to run a workshop in the business field adapted for entrepreneurs. The subject will be:

  • Build a business case
  • The business model
  • Sales presentation
  • Negotiations

 

What is IPO48?

The cost of launching a web and mobile business or creating a new products is decreasing. That lowers the barrier to entry for startups, which is great for entrepreneurship. On the flip side it increases competition for entrepreneurs, so building a product and getting it live doesn’t guarantee success.

 

90% of startups fail and it’s not because of lack of technical capability, but there is just no costumers or market for it. The problem they were solving turned out not to be a problem or it was too insignificant for people to pay for it.

 

This is what the IPO48 events address – we push entrepreneurs towards market reality to validate their ideas. This is done by exposing the entrepreneurs idea online to a crowd of business professionals, mentors and consumers who challenge them before the event kicks off. During the event the entrepreneur needs to convince potential team members to join him to build a prototype, and experienced mentors will push his team to create a viable business model. It’s intensive and rewarding for the entrepreneur, and the energy at these events cannot be described – it has to be experienced!