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Leveraging Technology in Tackling Retailers’ Needs

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Business to business (B2B) firms in Africa are demonstrating intentionality in leveraging technology to tackle the needs of retailers across the continent.

In Nigeria precisely, founders of tech startups are proffering solutions to long-standing challenges experienced in the retail business chain, with more retailers coming to the full awareness of incurring losses should they not level up in embracing technology.

At this year’s edition of Lagos Startup Week (LSW), some  founders of tech startups including Alerzo Group CEO, Adewale Opaleye, expounded the many benefits being availed through technology.

“Retailers need to move away from the old ways of doing business to embracing technology”, Opaleye said, while asserting that  collaborative efforts will further bring solutions to the retail sector.

Meanwhile in an interview with CNBC on the programme, Closing Bell West Africa, Opaleye who said Alerzo is largely focused on Nigeria, said the B2B firm is technologically built to connect retailers to manufacturers and authorised dealers on the Alerzoshop app or through phone calls.

He reiterated that with the help of technology, retailers can easily make orders and get their orders freely delivered at their doorsteps in four hours or less when they access the Alerzoshop online or put calls across to make orders.

These, he said, eliminate the waste of time, money and energy which the retailers incur upon visiting the open markets as in most cases an average retailer locks up his or her store, journeys far to restock and still have to transport purchased goods back to the store.

Opaleye also said Alerzo provides PoS software for easy digital transactions, even as its customers can track inventory and profitability through its Veedez app.

In the interview, Opaleye further shared: “We are a technology-based platform that is building tools for retailers to run profitable businesses. We started off by building infrastructure that originally did not exist.

“…People in Nigeria are very positive towards technology, especially retailers that have been left out for a very long time and barely have tech solutions to meet their needs.

Our business is built to support our retailers’ needs; we own our entire logistics infrastructure which helps our customers sell their goods as fast as possible.”

 


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E-Business

Report Reveals DLL Hijacking Attacks have Doubled since 2023

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Dynamic link library (DLL) hijacking is a common technique in which attackers replace a library loaded by a legitimate process with a malicious one.

It is used by creators of mass-impact malware, like stealers and banking Trojans, as well as by APT (advanced persistent threat) and cybercrime groups behind targeted attacks. Kaspersky reports that DLL hijacking attacks have doubled in the past two years.

Kaspersky has observed this technique and its variations, like DLL sideloading, in targeted attacks on organisations in Russia, Africa, South Korea, as well as other countries and regions.

To further enhance its protection capabilities against this threat, Kaspersky SIEM has introduced a specialised AI-based subsystem that continuously analyses information about all loaded libraries.

The new feature has already proven effective, helping to detect an attack by the APT group ToddyCat. It enabled the threat to be identified and blocked at an early stage, preventing any impact on the targeted organisations. The model also uncovered attempts to infect potential victims with an infostealer and a malicious loader.

“We are seeing DLL hijacking attacks become more common, where a trusted program is tricked into loading a fake library instead of the real one. This gives attackers a way to secretly run their malicious code.

“This technique is difficult to detect, and this is where AI can help. Using advanced protection techniques empowered with AI is now essential to staying ahead of these evolving threats and keeping critical systems safe,” says Anna Pidzhakova, Data Scientist at Kaspersky’s AI Research Center.

Securelist has published two related articles: the first explains how a machine-learning model was developed to detect DLL hijacking attacks, while the second describes how this model was integrated into the Kaspersky SIEM platform. The updated Kaspersky SIEMnow features AI functionality for detecting signs of DLL hijacking attacks, improving detection efficiency.

 


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Meta, NDPC Resolve $32.8m Privacy Dispute Out of Court

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Meta Platforms, Inc., has, reconciled its differences with the Nigeria Data Protection Commission (NDPC) in the suit it filed to challenge NDPC’s $32.8m fine imposed against it.

Meta, NDPC Resolve $32.8m Privacy Dispute Out of Court

The legal dispute between Meta and the NDPC ended after both sides agreed on terms to settle the $32.8 million fine earlier imposed on the company.

On February 18, 2025, the NDPC fined Meta $32.8 million and issued eight corrective orders for allegedly violating the privacy rights of Nigerian users through behavioural advertising practices on Facebook and Instagram.

At Monday’s proceedings before Justice James Omotosho of the Federal High Court, Abuja, Fred Onuobia, SAN, Meta’s counsel, informed the court that the parties had signed terms of settlement dated October 30 and filed on October 31.

“We adopt the terms of settlement and ask my lord to enter them as the judgment of the court,” Onuobia said.

Adeola Adedipe, SAN, Counsel for the NDPC, did not oppose the application.

Justice Omotosho then adopted the agreement as the court’s judgment and commended both parties for choosing to resolve the matter amicably.

“The terms of settlement entered by the parties in suit number FHC/ABJ/CS/355/2025, dated October 30 and filed October 31, 2025, are hereby adopted as the judgment of this court,” the judge ruled.

The decision ends months of litigation after Meta challenged the NDPC’s fine and enforcement orders through a judicial review, claiming the agency acted beyond its powers and failed to follow due process.

After several adjournments to allow for discussions, both sides eventually reached a mutual resolution.

The NDPC’s case against Meta is one of its major enforcement actions under the Nigeria Data Protection Act, signed into law by President Bola Tinubu in June 2023, which seeks to strengthen the protection of Nigerians’ data privacy rights.

 


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World Economic Forum Head Predicts AI, Crypto Bubbles

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Large investments in artificial intelligence and cryptocurrencies could lead to the development of bubbles, according to Børge Brende, president, World Economic Forum (WEF).

World Economic Forum Head Predicts AI, Crypto Bubbles

Børge Brende, president, World Economic Forum

“There is definitely a geopolitical disorder … But even in the situation of geopolitical disorder, the global economy has been incredibly resilient – not necessarily in Europe but in India, China and the USA,” Brende said in Berlin.

He noted that this was being fuelled by investments in new technologies like AI.

“This year has seen $US500 billion ($A762 billion) of investments in AI alone. So, what we can be worried about is that there may be bubbles developing, be it a bubble on crypto or an AI bubble,” Brende said.

The WEF head said investors need to be patient with these investments.

But he also said that frontier technologies would be the new drivers of growth.

“We will also need to make sure that the new technologies and the benefits trickle down. We could even see productivity gains of 10 per cent in the coming decade. And productivity is prosperity,” Brende said.

He described the new technologies as “a big paradigm shift” and predicted breakthroughs in medicine, synthetical biology, space and energy.

“AI can accelerate processes so quickly,” he said.

The Norwegian has taken over from WEF founder Klaus Schwab.

The forum holds an annual conference in Davos in the Swiss Alps attended by world political and economic leaders.

The 56th conference is scheduled for January 19-23, 2026.

Brende also expressed concern about global crises and conflicts.

“There is definitely a geopolitical disorder: the world order we had is not there anymore. What is the next world order? Hopefully not the law of the jungle,” he said.

And, in a reference to current US tariff policy, he said that uncertainty was the highest tariff.

“One of my worries is that global investments are going down. We need to re-establish an environment for investments,” he said.

Brende said the current competition between the United States and China was “basically a competition for hegemony or dominance in technology. The country that leads in new technologies – be it quantum, superintelligence, AI, autonomous vehicles or synthetical biology – will also be the most powerful nation coming out of this century,” he predicted.

And he called for multilateral action to deal with “problems that don’t travel with a passport,” including pandemics and cybercrime.

The world is becoming more complicated with different groups forming, Brende said.

He pointed to a G4 of the US, China, Europe and India, followed by fast-growing economies like Indonesia, Malaysia, Nigeria and Brazil.

“It’s going to be a renaissance for mega-regional, so-called plurilateral, deals. But the world is going to be more complicated. There are going to be more suboptimal, not necessarily cost-effective solutions. There is going to be more friendshoring,” he said.

 


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