Author: Lynn Wandia

Cybercrime is costing Africa’s businesses billions

Cybercrime is costing Africa’s businesses billions

Cyber Security
Sophisticated malware, software security breaches, mobile scams—the list of cybercrime threats is growing. Yet African nations continue to fall short of protecting themselves and must constantly grapple with the impact. A new study from IT services firm Serianu shows the pervasive nature of cybercrime across the continent, affecting businesses, individuals, families, financial institutions, and government agencies. The study shows how weak security architectures, the scarcity of skilled personnel and a lack of awareness and strict regulations have increased vulnerability. Cybercrime cost the continent an estimated $3.5 billion in 2017. The report found more than 90% of African businesses were operating below the cybersecurity “poverty line”—meaning they couldn’t adequately protec
Bridging digital divide through analogue technology

Bridging digital divide through analogue technology

Internet, Technology
A study funded by the UK Economic and Social Research Council and the Department for International Development found that some young people in Africa are using smartphones successfully to access or create employment. The use of internet has also become almost indispensable in economics, politics and development in the world. These technological inventions have spawned myriad opportunities that have transformed livelihoods and vastly improved services across the globe. In addition, digital revolution has brought immediate private benefits, easier communication and access of information. This has consequently shattered barriers to international trade and interactions, creating a more connected global community. According to a World Bank report, the number o...
Africa’s Youth Poised to Drive Innovation

Africa’s Youth Poised to Drive Innovation

Technology
Technological innovation is becoming a major economic and social development accelerator on the African continent. The world’s population is set to increase from the 7.6 billion people we currently have. According to the UN, the world population will increase by another four billion people by 2100. What is the main reason for this? It’s not because more children will be born, It’s because there will be more adults. The youth of the world are set to mature. How these young people will be distributed around the world is even more interesting. Africa’s demographics are unique from the rest of the world in the sense that we are continent of young people. It is predicted that within a period of three generations, 41 per cent of the world’s youth will be Africans. It is also expected t
Kenya’s Boxlight Electronics is the first to accept Bitcoin payment in Kenya

Kenya’s Boxlight Electronics is the first to accept Bitcoin payment in Kenya

Business
Cryptocurrency burst in the mainstream when the price of one bitcoin (BTC) reached a new all-time high of $19,783.06 spurring a massive worldwide interest in the blockchain-supported technologies. Like betting, the Cryptocurrency craze has caught up with Kenya and is exciting discussions among citizens who are now putting millions of money at stake in a potentially high-reward gamble. Notably, a recent research by Citi notes that Kenya is among the few countries in the world with the highest per capita holding of Bitcoin. As it stands now, there is no denying that cryptocurrencies have come a long way and a variety of businesses both online and offline are now accepting bitcoins as payment. Such popular worldwide stores include Microsoft, overstock, Newegg, Dell among others. In Ke...
AfriLabs extends reach to 6 new countries

AfriLabs extends reach to 6 new countries

Technology
AfriLabs has announced the admission of 40 new hubs; its largest hub admission to date into its network making it a total of 100 hubs across 30 African countries. This also extends the company’s reach to 6 new countries; Morocco, Algeria, Somali Land, Cote D’Ivoire, Angola and Mali. The new members of the AfriLabs network across the 5 regions are: Central Africa Altoufikh International Chad, NexGen Technology Center Cameroon, Kivu Hub Congo-Kinshasa. West Africa iCODE Ghana, Founders Hub Nigeria, Innovation Growth Hub Nigeria, Passion Incubator Nigeria, Civic Foundation for Innovation Nigeria, Honode Hub Ghana, Aiivon Innovation Hub Nigeria, Uplift Hub Nigeria, Roothub Accelerator Systems Nigeria, Tentmaker Ghana, CoLab Nigeria, Tribe Nigeria, Digital Development Hub Nigeria