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Sekunjalo Investment, China’s Ultrain Partner to Build New African Payment Infrastructure

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Sekunjalo Investment Holdings (Sekunjalo) a diversified investment group has announced it has partnered with Chinese public Blockchain leader, Ultrain Technology Limited (Ultrain), to develop a pan-African open Blockchain business ecosystem – The African Chain 3.0.

Sekunjalo Investment, China's Ultrain Partner to Build New African Payment Infrastructure

Sekunjalo and Ultrain will develop a robust new generation of financial infrastructure in Africa that is commercially sustainable, and responsible.

The African Chain will be run in unification with Sekunjalo’s pan-African eCommerce platform. The foundation will be built on the public access for commercial use Blockchain model developed by Ultrain, to handle payments, clearing and potentially, lending, among other key financial services, all of which is aimed at providing African people and businesses with convenience and accountability.

Emma Liao, co-founder at Ultrain remarked: “It’s crucial to build a convenient, secure and reliable financial infrastructure for African people.

“We are honoured to work with Sekunjalo and to build such a tool together, and to promote it with the help of Sekunjalo’s matrix of businesses.

“We will also provide training and solutions to other African enterprises or ventures who wish to use blockchain features to get on board.

“We believe this has huge potential to benefit the end users and businesses, with a better purchasing experience and more efficient transactions.”

Typical businesses that will benefit from The African Chain include the likes of the travel, luxury goods, supply chain, sharing economy, health care, retail, media entertainment, new energy sectors and many other industries, trading in the 4th Industrial Revolution (4IR) and beyond.

Dr Iqbal Survé, chairman of Sekunjalo said: “I am excited about this partnership and investment with Ultrain, as the potential to radically change and enhance how the continent does business, is unlimited.

“Sekunjalo is delighted that the advances China has made in technology, are now going to be made available for an African payment infrastructure.

“The opportunities for collaboration with Ultrain are immense and we are therefore looking forward to growing our joint footprint on the African continent, and positively contributing to Africa’s digital evolution.”

Dr Survé also commented on how Ultrain and Sekujanlo through various networks, including the Belt and Road Networks and the Belt and Road African Fund, were looking forward to expanding the vision of President Xi Jinping for the Belt and Road to have a positive impact for all of the people living and working on the African continent.

Ultrain and Sekunjalo have also jointly committed to directing a substantial part of the profitability of their partnership, to philanthropic initiatives on the African continent that will include the training of young Africans – with an emphasis on women-  in block chain technologies and payment systems.  Through the offices of Survé Philanthropies, an additional foundation will now be established for block chain technology training in Africa to be co-chaired by Dr Surve and Emma Liao.

A further announcement regarding the partnership’s investment, will be made at the African Union meeting in Addis Ababa in 2020, with the Belt and Road Africa Council and Belt and Road Africa Fund.

 

 


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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E-Business

Transcorp Hotels Delivers Stellar H1 Results, Declares Over ₦1Bn Dividend

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Transcorp Hotels Plc has delivered a stellar performance in the first half of 2025, recording a 60% year-on-year surge in revenue to ₦47.57 billion, up from ₦29.72 billion in H1 2024. Gross profit climbed 71% to ₦36.21 billion, maintaining a strong 76% margin despite inflation and operational headwinds.

The hospitality giant, a subsidiary of Transnational Corporation Plc, also announced an interim dividend payout of ₦1.024 billion — offering ₦0.10 per 50 kobo ordinary share to shareholders.

In a bold move, the company unveiled Nigeria’s largest corporate venue — the 5,000-seat Transcorp Centre — staking its claim as the new leader in event hospitality. Chairman Emmanuel Nnorom described the results as proof of Transcorp Hotels’ transformative strategies and unwavering investor commitment. MD/CEO Uzo Oshogwe attributed the success to relentless execution and a resilient business model.

Transcorp Hotels, renowned for iconic assets like Transcorp Hilton Abuja and its digital platform Aura, says it isn’t just leading Nigeria’s hospitality sector — it’s redefining excellence across Africa.


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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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