E-Business
Nigeria’s Position in MINT Economy Revolves Round IT-Experts

Information Technology (IT) experts unanimously agreed that Nigeria can leverage on its position in the MINT economy by exploring all aspects of information technology and intelligence.
Addressing guests at the Digital Africa Conference and Exhibition in Lagos, on Monday, Mrs Omobola Johsnon, minister of Communication technology, said the national ICT policy reflects the countries yawning to play at the global stage in the IT/ICT sector.
The Minister represented by Engineer Peter Jack, director general of NITDA, said that various policies articulated by the Ministry since its establishment in 2011 are geared towards opening the sector for the public and private sectors to jointly articulate projects that will reflect global trends in the ICT industry.
Dr. Evans Woherem, executive chairman, Digital Africa Global Consults, while welcoming guests to Conference and Exhibition, said there is socio-economic dimension of the exponential growth in IT.
He said, for example, in the nearest future more and more robots will take away not only jobs by blue collar workers but even the jobs of white collar workers including managers and professionals.
“As this happen, it means that capital is becoming labour thus blurring the demarcation between capital and labour. In fact, the prediction that Nigeria is part of the MINT nations is largely based on our population size. So, what if IT or robots in particular also become labour by working and displacing humans, then it means that some of the advantages provided by labour has been eroded. So where lies the population advantage of countries like Nigeria?
“We have an exponential world. How do we ride it, or shape it, instead of merely reacting to it, to how it unfolds? My argument has always been that Africa should not sit idly by while the future of the world it will participate in, live in, is created elsewhere. Africa should be part of the debate or discourse on how to shape the exponential technologies to provide us a desired future.
“The idea of the exponential new techs is that they seem unbelievable and products of science fiction and yet they are already here with us. Africa should note them as they denote some of the revolutionary products out there that we have to take into consideration as we play catch up.
“I am suggesting that Africa needs Techshops. They are places with all the materials, to produce things, e.g., cutting and shaping machines, as well as the laboratory or factory environment that anybody requires to make anything imaginable. Many people in Africa, especially the youth have numerous ideas of what they want to make but for the fact that there are no Techshops that can assist them to do so.
“Africa needs either through the private sector or public sector, to own Techshops here in Africa. It will unleash a season of creativity and innovation in Africa. This is a pure case of democratization of technology and knowledge.
On his part, Mr Folusho Philips, chairman of the occasion said, said the African market must be unlocked to enable individuals and countries harness the potentials the market posses.
He said that Nigeria and African IT experts must be focused on developing models that will enable the continuity in achieving digital singularities.
He added that the industry needs to develop platforms for keen enthusiasts of IT unleash development in all sectors of the economy.
He added that the Conference portends something very positive for the IT industry in the country, for IT diffusion both in private and public sector organisations and for eGovernance.
The event tagged, “Towards Digital Singularity in Africa,” is expected to raise though provoking topics to address quantum of developmental challenges facing Africa, that lags behind other continents of the world in technology acquisition.
Other continents, especially the Americas, Europe and Asia seem to be on steroids in acquiring and adopting new technologies.
However, in Africa, there is no sense of urgency in this regard at all.
The experts re-emphasized that Information and Communication Technology (ICT) is changing the world; transforming governance, agriculture, health, oil and gas, and financial services, among other sectors, by driving effective and efficient performance largely for the benefit of the governed, consumers and corporations.
Picture: a cross section of delegates to the Digital Africa Conference and Exhibition which commenced in Lagos yesterday.
E-Business
Cyberattacks: ‘56 Percent of Cases Stem from Existing Logins

A new report by Sophos, ybersecurity firm, has said that attackers primarily gained initial network access—56 per cent of all MDR and IR cases—by exploiting external remote services like firewalls and VPNs using valid credentials.
The 2025 Sophos Active Adversary Report details attacker behavior and techniques from over 400 Managed Detection and Response [MDR] and Incident Response [IR] cases in 2024.
According to the report, the combination of external remote services and valid accounts align with the top root causes of attacks.
For the second year in row, compromised credentials were the number one root cause of attacks [41% of cases]. This was followed by exploited vulnerabilities [21.79%] and brute force attacks [21.07%].
When analysing MDR and IR investigations, the Sophos X-Ops team looked specifically at ransomware, data exfiltration, and data extortion cases to identify how fast attackers progressed through the stages of an attack within an organisation.
In those three types of cases, the median time between the start of an attack and exfiltration was only 72.98 hours [3.04 days]. Furthermore, there was only a median of 2.7 hours from exfiltration to attack detection.
“Passive security is no longer enough. While prevention is essential, rapid response is critical. Organisations must actively monitor networks and act swiftly against observed telemetry.
Coordinated attacks by motivated adversaries require a coordinated defense. “For many organisations, that means combining business-specific knowledge with expert-led detection and response.
Our report confirms that organizations with proactive monitoring detect attacks faster and experience better outcomes,” said John Shier, field CISO.
The 2025 Sophos Active Adversary Report further reveals that attackers can move quickly, with a median of just 11 hours between initial access and a breach attempt on Active Directory, a critical asset in Windows environments.
Akira emerged as the most prevalent ransomware group in 2024, followed by Fog and LockBit, the latter still active despite a major takedown.
Attack detection has improved overall, with dwell time—the time attackers remain undetected—dropping from four days to just two, thanks largely to the inclusion of MDR (Managed Detection and Response) cases.
Dwell time varied depending on the type of case: it held steady at 4 days for ransomware and 11.5 days for non-ransomware cases in incident response (IR) investigations.
In contrast, MDR cases showed much faster response times—3 days for ransomware and just 1 day for non-ransom – ware attacks.
The report also highlights that 83% of ransomware deployments occurred outside local business hours, showing attackers favor overnight activity.
Additionally, Remote Desktop Protocol (RDP) was exploited in 84% of cases, making it the most commonly abused Microsoft tool.
To strengthen their cybersecurity posture, Sophos advises organizations to take several key steps.
First, they should close any exposed Remote Desktop Protocol (RDP) ports and implement phishing-resistant multifactor authentication (MFA) wherever feasible to reduce unauthorized access risks.
Additionally, companies should prioritize timely patching of vulnerable systems, especially those exposed to the internet. Deploying Endpoint Detection and Response (EDR) or Managed Detection and Response (MDR) solutions with 24/7 monitoring is crucial.
Finally, having a well-defined incident response plan—and regularly testing it through simulations or tabletop exercises—can greatly improve preparedness for potential attacks.
E-Business
Kaspersky Presents Insight on 14% Increase in Spyware Attacks on Businesses in Africa @ GITEX Africa

As part of the company’s participation at the GITEX Africa conference, taking place in Morocco on 14-16 April 2025, Kaspersky will address the dynamics for cyberthreats in the African region as per the latest anonymised data from the Kaspersky Security Network (KSN)¹.
From 2023 to 2024 businesses in Africa were targeted by web threats, on-device threats, and attacks aiming to steal data, including spyware and password stealers.
Phishing and ransomware continue to be significant threats in the region, with 66 million phishing link clicks seen by Kaspersky in the African region in 2024, including over 14.8 million phishing link clicks by corporate users.
Web-based threats, or online threats, are a category of cybersecurity risks that may cause an undesirable event or action affecting users browsing the Internet.
According to Kaspersky data, there were 131 580 587 web threats detected in 2024 in the African region, including almost 20 million attack attempts in Kenya, almost 17 million in South Africa, and 12.6 million in Morocco. Businesses were targeted by web threats more often in 2024 than in 2023, with threat detections increasing by 1.2%.
Local (on device) threats include malware that is spread via removable USB drives, CDs and DVDs, or that initially makes way onto the computer in non-open form (for example, programs in complex installers, encrypted files, etc.).
According to Kaspersky telemetry, local (on device) threat detections in organisations in the African region in 2024 increased by 4% compared to 2023. Among the countries that saw growth in local threats detected in organisations were Nigeria (169% increase), Ethiopia (86%), South Africa (32%), Senegal (11%), and Morocco (9%).
There has been a spike of threats related to data theft. According to Kaspersky data, there was a 14% growth in spyware attack detections on businesses in the African region from 2023 to 2024.
Spyware is secretly installed on a user’s computer to monitor their actions and collect their data. Apart from that, there has been a 26% increase in password stealer detections. Password stealers are a type of malware designed to harvest login credentials and other sensitive data.
“Our statistics show an increase in attack detections for several types of cyberthreats, and the factors driving these increases are multifaceted. In the B2B sector, the continuing shift toward hybrid work models and the rush to digitise operations — often outpacing cybersecurity investments — may leave businesses in Africa exposed to advanced persistent threats.
In the B2C space, the explosion of digital financial services, coupled with low digital literacy rates, makes individuals prime targets for opportunistic attacks,” comments Maher Yamout, Lead Cybersecurity Researcher with Kaspersky Global Research and Analysis Team.
“Organisations in Africa should prioritise a unified approach by enhancing collaboration, investing in specialised cybersecurity training, and promoting digital literacy to effectively combat the rising tide of cybercrime. Initiatives like the African Cyber Surge operation and targeted educational programs can serve as blueprints for building a resilient digital ecosystem across the continent.”
E-Business
Africa Plans to Establish a $60Bn AI Fund

A $60 billion Africa AI Fund is set to be established, leveraging public, private, and philanthropic capital. The goal is to build a secure, inclusive, and competitive African AI economy through foundational and catalytic investment, according to a declaration made at the recent Global AI Summit on Africa in Kigali, Rwanda.
The declaration seeks to leverage the potential of AI to drive innovation and competitiveness to advance Africa’s economies, industries, and societies. Second, to position Africa as a global leader in ethical, trustworthy, and inclusive AI adoption.
The declaration also seeks to foster the sustainable and responsible design, development, deployment, use, and governance of AI technologies in Africa.
The memorandum was facilitated by Qhala, Smart Africa, Rwanda’s Centre for the Fourth Industrial Revolution, and supported by the Gates Foundation.
Qhala is an AI enabler dedicated to driving innovation and digital transformation across Africa.
In a statement, Qhala said the declaration outlines shared commitment among African nations to align national strategies with continental goals, safeguard data sovereignty, build digital infrastructure, and foster a sustainable AI innovation ecosystem.
The organisation went on to say Africa’s AI landscape is changing at a fast pace and it is projected to contribute $2.9 trillion to the African economy by 2030.
Shikoh Gitau, CEO of Qhala, said: “This declaration is timely, as Africa’s AI ecosystem is rapidly evolving but remains fragmented and underfunded. This will ensure that Africa takes its place in a leadership role in global AI development.”
Lacina Koné, CEO of Smart Africa, added: “AI is not just technology to us, it’s an African arrow that, when thrown with the right ethical frameworks and inclusive policies, can pierce the way to African digital prosperity and resilience for the benefit of every citizen.”
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