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Experts Tie Broadband Penetration to Regulatory Efficiency

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Funke Opeke, MD/CEO, Main One Cable Company

Experts have opined that regulatory efficiency holds the key to broadband penetration in the telecom sector.

This is as Nigeria ranks tops in the foreign direct investment (FDI) inflow in sub-Sahara Africa in the IT sector hitting an all time high of $25bn in 2012.

Authors Ronda Zelezny Green and Sonia Jorge, in their paper: “Regulators Hold the Key to Mobile Broadband Development in Africa Africa & Middle East Telecom Insider / Vol. 4, No 7 – October Edition;” stated that despite the glut of fibre transcending the African continent, broadband penetration has not hit a high note.

The duo noted that “while no one regulatory body has been free of missteps in this arena, a case study from Kenya provides examples of regulator actions that are helping to move their mobile broadband agendas forward in important respects.”

Kenya currently attracts more international IT vendors, who make the country their African hub.

Bitange Ndemo, Kenya’s permanent secretary, in the ministry of Information recently launched a grand project called Konza City which the country calls its’ version of the US Silicon Valley; a technology district with “office buildings for technology companies and innovation labs, as well as manufacturing plants, artificial rivers and eventually homes, schools, churches and mosques.”

The government also acquired a “2,000 hectare plot of land for the project about 60 kilometres from the capital, Nairobi and is now seeking to hire a master developer to find investors and arrange the construction. The project will come together in two phases and will take about 20 years to complete.”

Ndemo said he was inspired following a visit to the actual Silicon Valley, in California.

Both Green and Jorge said the aim of their “Insider is to highlight best practices that regulators in Africa should consider as they change regulations that will play a large role in determining the levels of access to mobile broadband on the continent through the end of the decade.”

Before now, Nigeria’s rise to the top ladder of Africa mobile market has been attributed largely to regulatory efficiency and transparency in business-to-business dealings. Nigeria’s success in its first open mobile licencing auction in 2001 had greatly led to the rush in FDI inflow into the nation’s cofers.

“While the arrival of the undersea cables has already made a discernible impact in many of the countries that have been able to connect to these lines, the fate of the evolution of mobile broadband in Africa undoubtedly rests with regulators in the markets where the cables are or could be deployed,” said Green and Jorge.

Nigeria currently runs three private undersea cables live: MainOne, Glo1 and WACS. Their availability has greatly enhanced bandwidth capacity, but they are greatly under-subscribed owning poor infrastructure to uplink the fibre to up-country from the shores of Lagos.

Ms. Funke Ope, CEO of MainOne last year blamed big telecom operators who refuse to share infrastructure to the fibres to be linked to most of the country. Nigeria lacks public investment policy on telecom infrastructure.

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E-Business

Konga, eCommerce Giant, Thrills with New Language- Konga Me

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If there is one thing Nigerians are united on, it is the preference for quality products and an abhorrence for fake, substandard ones.

 

Despite a keen desire to extract the utmost value for money when making purchases, the average Nigerian will not hesitate to pay a higher price for a product with the guarantee of genuine quality.

 

Widely considered a growing industry with the potential to outstrip even the most ambitious projections, e-commerce is a sector where the importance of authenticity or genuine products cannot be over-emphasized.

 

In 2017, retail ecommerce sales worldwide reached $2.304 trillion, a 24.8% increase over the previous year. This year, revenue in the global e-commerce market is expected to gross $18,850m. Africa’s e-commerce share is currently worth more than $32 billion and estimated to reach $50 billion in 2018.

 

The projection above means an increased opportunity for e-commerce players in Africa and especially Nigeria, Africa’s largest market, to leverage the expected higher revenue windfall by, not only meeting the demand for more products, but ensuring quality is not compromised – a seemingly tall order that can only be delivered by business owners with the practical intelligence, local knowledge, strict adherence to standards, nous and right mentality to build a brand that will outlive generations.

 

This is one of the reasons Konga Me is fast becoming a hot fad among quality-focused shoppers.

 

Developed by Konga, the e-commerce giant that emerged from the merger between Yudala and Konga after the latter’s acquisition by the Zinox Group, Konga Me speaks to the aspirations of every Nigerian to always insist on the best quality.

 

For the benefit of the uninitiated, the customized dictionary entry below tells the story of a phrase that is quickly catching on in social circles.

 

/’kɒnɡə mi:/ (BrE, slang) is a new universal language for genuine products only. Used by young ones, adults and trendy youths to differentiate quality products from fake ones sourced from unreliable platforms. Also used to request for quality gifts or favours:

 

”I passed my exams in flying colours so Mum has promised to Konga me a new phone.”

 

“Tomorrow is my birthday. Hope you will Konga me?”

 

“Don’t stress yourself going to the market for a gift. We can Konga the newly-wedded a washing machine.”

 

synonyms: shop genuine, konga store, buy quality, konga.com

 

For the average shopper, it is a simple scenario.

“All the noise about best prices or refunds means nothing if you cannot offer me genuine products. What’s the point of a fake item when you can easily get a genuine product at the same price or at a slightly higher figure? In fact, I don’t mind paying a significantly higher cost for a product, device or gadget as long as I am assured it’s of the highest quality or procured directly from its manufacturer. Let’s just say I would rather Konga me than get a fake,” intoned Michael Aderibi, a software engineer.

 

His point is backed up by that of Juliet Anyanwu, an avid shopper.

“Quality is key. Price is also important but only a secondary consideration. Hence, the essence of Konga Me. Recently, I was celebrating my work anniversary and for those intending to get gifts, I made it clear to them that I would prefer they Konga me. And they all did. What’s more, all the items were delivered in time.”

 

For savvy shoppers who prefer quality, Konga Me is the way to go…

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Experts Seek National Data Protection Act as EU GDPR Takes Effect

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Cybersecurity experts in Nigeria have urged regulatory authorities in the ecosystem to come up with a national data protection act to prevent organizations in the country from revenue loss and sanction.

 

This is as ahead of commencement of the implementation of European Union Data Protection Regulation (GDPR) yesterday.

 

European Union’s General Data Protection Regulation (GDPR) requires any enterprise in the world that conducts business with at least one citizen of the EU to comply with GDPR protections of personally identifiable information or face stiff penalties.

 

Reacting Oluseyi Akindeinde, chief technical officer, Digital Encode, said that Nigeria needs to have a framework for cybersecurity, starting with a national data protection act.” Data is the new currency and as such has to be adequately protected.”

 

He added that: “most private organizations have invested quite a lot in securing their electronic infrastructures via security operations centers however not much can be said of the public enterprises.”

 

On cybercrime law that never had effect before it becomes outdated, he said: “any law has to be interpreted properly and be legally enforceable by the people to whom it applies. I don’t think the people tasked with the cyber law have fully come to grasp with Nigeria’s law.

 

“There needs to be a concerted effort to get the lawyers, judges and law enforcement agencies up to speed with the more intricate aspects of cyber security. The field is highly technical and there are quite a number of things they need to understand before taking up and judging cases related to cyber crime.

 

Ahmed Adesanya, IT Security and Connectivity consultant, said that ignoring the EU regulation could cost organizations millions, but thinking about privacy could make organization’s products and process stronger.

 

“I feel there must be personnel accountable for cyber security in every organization and it need to be criminalized for negligence or none-compliance for not disclosing breach to supervising agency. Our Cyber Security law must be strong as the May 25 for EU GDPR come into effect by today, which will change the model of businesses throughout the world,” he said.

 

Edward Carbutt, Executive Director at Marval Africa, making a case for people and process in fight against cybercrime, said that technology is only one of the components that make up a strong defence against cyberattack.

 

“Even with the right technology in place, organizations are still vulnerable to attack, and should protect themselves in other areas, too. For optimal cybersecurity, organizations can look towards addressing five key elements: people, processes, technology, change and culture.

 

People, Processes and Technology have long been the cornerstones of Information Technology Infrastructure Library (ITIL) frameworks, often referred to as the “golden triangle” for successful project implementations and change management.

 

The ability to implement change and an organization’s culture are just as critical to security and play an important role in today’s rapidly evolving digital world.

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E-Business

Top ICO Listing Rates Dataeum 5/5

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Dataeum, the first Blockchain-based platform using crowdsourcing for data generation received a 5/5 rating from the icobench’s ico analyzer bot, Benchy.

 

37 days to their pre-sale ICO, Dataeum,  is positioned to be the most revolutionary blockchain platform that will make sense to non-techies.

 

Dataeum aims to break all barriers by revolutionizing data collection, democratizing access to data and bringing back sovereignty and freedom to people.

 

Rating on ICObench is given in combination of ICObench’s assessment algorithm and the rating the independent experts give to the ICOs.

 

Benchy bot is measuring the ICO score taking into account criteria such as the project, the white paper, the video and other mvp prototype.

 

“Dataeum, ICO launch is so timely, especially after the recent scandals of manipulation of data”, the founder Charly Pham said, “We are very proud to have received such a rating for our first appearance and will do everything to maintain it that way. Myself and co-founders strongly believe, that we will disrupt the existing paradigm so that data generation will no longer be exploited by large corporations at the expense of those who create it – we feel it is our purpose”.

 

Based on blockchain, smart contracts technology and using crowdsourcing, DATAEUM’s solution enables reliable and accurate collection of all global physical data such as stores, gas stations, road signs, etc.

 

As per the white paper(https://dataeum.io/white-paper.pdf) Dataeum puts human at center of the data economy, changing completely the way data is generated. Blockchain technology does not only provide transparency on how this data generation is made, but also ensures quality and trust towards anyone looking for qualified data.

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