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Demo Africa 2015: EBANk to Support African Tech-Startups

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European Business Angel Network (EBAN), the pan-European representative for the early stage investor with over 150 member organizations in 50 countries, would send high-powered delegation to attend and support Demo Africa 2015 which is being hosted by Nigeria for the second consecutive year.

Established in 1999 by a group of pioneer angel networks in Europe with the collaboration of the European Commission, EBAN represents a sector estimated to invest 7.5 billion Euros a year and playing a vital role in Europe’s future, notably in the funding of SMEs.

EBAN fuels Europe’s growth through the creation of wealth and jobs.

According to Collins Onuegbu, foremost Nigerian angel investor and member of Lagos Angel Network (LAN), who attended EBAN conference in Eindhoven, Holland alongside Tomi Davies, president of the African Business Angel Network (ABAN), EBAN has been supporting the development of the African angel community.

“Our attendance was to deepen the ties and encourage the relationship between the two continental networks,” he said.

At the Eindhoven programme, LAN requested EBAN to support Demo Africa and many investors from EBAN have committed to attend Demo in September in Nigeria to seek alliances and opportunities for investment in African start-ups.

“We will continue to draw on the experience and support of EBAN as we build the angel community across Africa to support the start-up community that is growing in the continent”, Onuegbu said.

At the 2015 Demo Africa, 40 of the most innovative startups in Africa would be offered a platform to showcase their products and announce to Africa and the world what they have developed.

Demo Africa brings together Africa technology eco-system to share ideas and witness new innovations by technology start-ups from across Africa.

“Demo Africa 2014 was a huge success. We hope to build on this. It’s a great opportunity to showcase the local start-up scene to the rest of Africa and the world. It is a great opportunity to showcase African start-ups and help to deepen the investment ecosystem that Africa needs to grow. The investment summit that precedes DEMO is a great forum that brings investors from across the continent. This year, EBAN will attend”, he explained.

While reiterating what EBAN would bring to Demo Africa, Onuegbu listed as some of the support EBAN would offer to include setting professional standards, training and certification, benchmarking, research and networking with peers, lobbying, raising awareness and capacity building as well as cross-border syndication and co-investment support.

“This is far better than when all Africa wanted from Europeans was aid. The big opportunity for African start-ups will come when fellow Africans and Diaspora Africans start to invest heavily in indigenous ventures. I believe that investments from non-African investors will be a catalyst to this”, he enthused, adding that Angel investing is growing worldwide as an asset class.

Angel investors help to provide seed funding to start-ups before they mature to receive investments from venture capital companies. According to him, this is a critical component of the ecosystem that supports start-ups, which is in its nascent in Nigeria. “Nigeria is seen as one of the countries building an exciting start-up community and the Angel Network will definitely be part of this success story”.

Aimed at fostering cross-border co-investment, EBAN’s mission is to pay particular attention to drive additional funds to emerging markets instead of concentrating funds into more competing entrepreneurial communities to which funds are naturally attracted to. Cross-border co-investment facilities work on the principle that capital needs to be available where companies are located so “they don’t need to follow the money around and lead to potential relocation of startups”.


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E-Business

Microsoft Servers Hacked by Chinese Groups

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Chinese “threat actors” have hacked Microsoft’s SharePoint document software servers and targeted the data of the businesses using it, the firm has said.

Microsoft Servers Hacked by Chinese Groups

 

China state-backed Linen Typhoon and Violet Typhoon as well as China-based Storm-2603 were said to have “exploited vulnerabilities” in on-premises SharePoint servers, the kind used by firms, but not in its cloud-based service.

The US tech giant has released security updates in response and has advised all on-premises SharePoint server customers to install them.

“Investigations into other actors also using these exploits are still ongoing,” Microsoft said in a statement.

The firm said it had “high confidence” the hackers would continue to target systems which have not installed its security updates.

It added that it would update its website blog with more information as its investigation continues.

Microsoft said it had observed attacks in which hackers had sent a request to a SharePoint server “enabling the theft of the key material by threat actors”.

Charles Carmakal, chief technology officer at Mandiant Consulting firm, a division of Google Cloud, told reporter, it was “aware of several victims in several different sectors across a number of global geographies”.

Carmakal said it appeared that governments and businesses that use SharePoint on their sites were the primary target.

A number of adversaries who stole material encoded by cryptography were then able to regain ongoing access to the victims’ SharePoint data, he said.

“This was exploited in a very broad way, very opportunistically before a patch was made available. That’s why this is significant,” Carmakal said.

Carmakal said the “China-nexus actor” was deploying techniques similar to previous campaigns associated with Beijing.

Microsoft said Linen Typhoon had “focused on stealing intellectual property, primarily targeting organizations related to government, defence, strategic planning, and human rights” for 13 years.

It added that Violet Typhoon had been “dedicated to espionage”, primarily targeting former government and military staff, non-governmental organizations, think tanks, higher education, the media, the financial sector and the health sector in the US, Europe, and East Asia.

Meanwhile, Storm-2603 was “assessed with medium confidence to be a China-based threat actor”.

 

 

 


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NIMC Warns Nigerians of Fake NIN Website

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National Identity Management Commission (NIMC) has issued a public warning that it is not associated with NINcard.com.

NIMC Warns Nigerians of Fake NIN Website

According to the commission, the website has been circulating online to offer services for Nigerians seeking National Identification Number (NIN) services.

NIMC, in a post on its official X account on Wednesday, said, “NINcard.com is not in anyway affiliated to NIMC. Stay vigilant!”

The warning was accompanied by screenshots of fake payment receipts and OTP request pages from the website, both of which were boldly stamped “FAKE” by NIMC to alert the public.


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NITDA, API Partner Against Harmful Online Content

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National Information Technology Development Agency (NITDA), in partnership with the Advocacy for Policy and Innovation (API), has convened a one-day workshop in Abuja to advance dialogue on the draft Online Harm Protection (OHP) Bill to confront harmful online content.

NITDA, API Partner Against Harmful Online Content

The bill, a rights-based, locally rooted, and multi-stakeholder initiative, is aimed at addressing the challenges of the digital age.

The event, which held yesterday, brought together government officials, civil society, academics, digital platforms, and legal experts to shape a policy framework designed to combat online ills such as cyberbullying, disinformation, hate speech, digital exploitation, and gender-based violence, while safeguarding democratic freedoms and digital inclusion.

In his keynote remarks, Kashifu Inuwa, director general, NITDA urged a paradigm shift in the way society engages with digital technologies.

“For almost two decades, we have viewed digital technology through a consumer lens. But these technologies are not just products and services. They are transforming how we live, work, and interact. They shape our politics, our society, and our democracy,” he said.

Warning against unaccountable digital power in the hands of private corporations, the DG likened the digital journey to the tale of Alice in Wonderland, where initial fascination with innovation has given way to deeper concerns about privacy, autonomy, and manipulation by big tech platforms.

“We thought we were using Google, but now we realise Google is using us. Social media, once a tool of expression, has become a tool of surveillance and influence,” Inuwa noted.

He, therefore, emphasised the urgency of developing a democratic and accountable framework.  He explained that following the 2021 Twitter ban, NITDA facilitated dialogue between the government and platform operators, leading to a Code of Practice that stressed Nigeria’s sovereignty and legal standards.

According to him, the same process birthed the multi-stakeholder steering committee and the OHP White Paper in December 2024, laying the foundation for the current legislative push.

Earlier in her opening remarks,  Victoria Manya, co-founder, API, observed the moral and civic necessity of the bill.

Her words: “The internet did not break society, it merely revealed its unfiltered version. Every day, Nigerians are exposed to harassment, disinformation, exploitation, and even algorithmic violence. The OHP Bill is not a war on the Internet. It is a peace offering to its users, a social contract for a digital future that is safe, inclusive, and democratic.

“We cannot answer the question of algorithmic power with unchecked state control. We must answer it with shared, rights-based governance. This bill must not be written for the people, but with them.”


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