E-Business
TechCrunch Returns to Africa With Startup Battlefield
TechCrunch Startup Battlefield in partnership with Facebook, returns to Africa in 2018, featuring panels and keynotes with high-powered industry leaders such as Omobola Johnson, senior partner at TLcom Capital, and Lexi Novitske of Singularity Investments. Following the breakout success of last year’s Startup Battlefield Africa in Nairobi, Kenya, the 2018 competition will unfold in Lagos, Nigeria.
The hottest startups from across the Sub-Saharan Africa region will be competing to be crowned the continent’s best startup on 11 December, following in the footsteps of 2017 overall winner, Lori Systems hailing from Kenya, who have built a logistics platform that is revolutionising the cargo-transport value chain in Africa.
TechCrunch Startup Battlefield is looking to identify Sub-Saharan Africa’s best innovators, makers and technical entrepreneurs. Last year the competition highlighted how technology is optimising supply chains, increasing access to education, strengthening farmers’ revenues and so much more.
TechCrunch Startup Battlefield Africa will take place in front of a live audience and top judges, and the show will be covered on the TechCrunch platforms. The judges will have to select a winner to be dubbed; “Sub-Saharan Africa’s Most Promising Startup.” The winning startup’s founders will be awarded $25,000 in cash plus a trip for two to compete in Startup Battlefield at TechCrunch’s flagship event, Disrupt in 2019.
Battlefield Africa will also feature panel discussions that explore the best tech in Africa and how the technology investment landscapes is changing. The first two speakers announced for the event offer direct knowledge about investing Silicon Valley money in the local ecosystem:
- Omobola Johnson is a senior partner at TLcom Capital and the former Minister of Communication Technology for Nigeria. Her vast knowledge of the startup investing landscape comes from her 25-year tenure at Accenture where she served as the managing director.
- Lexi Novitske is the principal investment officer for Singularity Investments where she is responsible for managing investments in the firm’s Africa portfolio.
“The inaugural edition of TechCrunch Startup Battlefield Africa confirmed that Sub-Saharan Africa is home to a vibrant and growing technology startup ecosystem,” says Mike Butcher, Editor at Large, TechCrunch: “We look forward to hearing about how this year’s competitors are disrupting their markets, providing innovative solutions to social and economic problems, and positioning themselves as global contenders.”
“Supporting the next generation and wave of African start-ups is something that we at Facebook are passionate about. Our sponsorship of TechCrunch Startup Battlefield Africa, for the second year running highlights our commitment to the start-up scene on the continent, and helping to provide a world stage to showcase the very best in African talent and solutions” said Emeka Afigbo, Head of Developer Programmes at Facebook.
Notable companies that launched on TechCrunch’s global stage include Vurb, Trello, Mint, Dropbox, Yammer, Tripit, Redbeacon, Qwiki, Getaround, and Soluto. The 763 startups that have participated since the first competition, TC40 in 2007 have raised $8.2 billion, while 102 have been acquired or have gone public as of December 2017.
E-Business
Kaspersky Cybersecurity Experts Warn of Evolving Holiday Scams
With the holiday season here, it’s not only a time for magic and celebration but also a prime opportunity for fraudsters to exploit the festive rush for gifts and bargains.
Amid the sparkle of year-end celebrations, cybersecurity experts at Kaspersky have identified several prominent scams targeting consumers across various regions and languages.
Fake holiday shops
Deceptive online stores mimic the look and feel of legitimate e-commerce sites, offering seasonal items such as decorations, gifts, and even trees at steep discounts.
These sites often appear highly localised, adapting their language and currency based on the user’s geographic location, leveraging data extracted from browsers.
Victims typically encounter these stores by following links in ads or pop-ups.
These sites aim to steal funds. Often, these fraudulent stores exist only for a short period, as they get flagged by the vendors of goods.
Free mobile data offer
This scam plays on the allure of free services, claiming to provide free mobile data valid across all major telecom providers.
In order to receive the free data, victims are required to share the promotion link with 10–15 contacts via WhatsApp, ensuring the scam spreads exponentially.
After sharing, victims are prompted to enter their personal details — name, phone number, and email — into a form.
The collected data is then sold on the Dark Web or used in other fraudulent activities.
In some cases, victims unknowingly download malware that compromises their devices, leading to further exploitation.
Holiday payments on behalf of government agencies
Fraudsters impersonate government authorities, promising fictitious payments in celebration of the holidays.
This scam has been reported in several African countries, including Kenya and Nigeria.
To receive payment, victims are directed to fill out a survey which requires personal details like name and phone number.
Once the survey is completed the user is asked to share the link to the announcement with their connections via WhatsApp.
These details are collected and added to fraudulent databases, then sold to third parties or used for phishing attacks and identity theft.
This scam exploits trust in government systems and the festive spirit of giving.
Christmas recipe scam
This scam begins with a seemingly harmless email promoting a holiday cake recipe.
Victims are encouraged to pay a small fee to access the recipe.
Once payment is made, the victim’s credit card information is stolen. The fraudsters also collect other personal information essential for accessing banking services.
“Holiday scams are not a new phenomenon, but they have evolved to become increasingly sophisticated, leveraging regional traditions and technology to exploit unsuspecting victims.
The rush of the holidays makes people more vulnerable — they’re distracted, eager to grab a deal, or trust promotions that align with festive themes. Cybercriminals are not just stealing money — they’re building massive databases of personal information that fuel future fraudulent schemes.
The holiday season is a time for joy and giving, but users need to remain vigilant to ensure they’re not unknowingly giving fraudsters the tools to exploit them further,” said Olga Svistunova, Senior Web Content Analyst at Kaspersky.
E-Business
Hackers Seize NBS Newly Redesigned Website
Cybercriminals have persisted in targeting Nigerian government websites, with the most recent attack on the National Bureau of Statistics (NBS).
The NBS confirmed the development in a brief statement posted on its X (formerly Twitter) account
It said that its newly redesigned official website has been hacked.
The NBS disclosed the incident and assured the public that efforts are underway to recover the website.
It urged the public to disregard any messages or reports posted until the full recovery of its website.
The statement on X read: “This is to inform the public that the NBS website has been hacked, and we are working to recover it. Please disregard any message or report posted until the website is fully restored.”
The NBS plays a vital role in Nigeria’s development, serving as the official statistical agency responsible for collecting, analyzing, and disseminating statistical data on the country’s economy, governance, and development
This marks the latest in a series of attacks on Nigerian government websites, a trend that has been ongoing for some years.
From government ministries to officials, cyberattacks in Nigeria have surged to alarming levels, with even financial institutions falling victim.
The Nigerian Communications Commission (NCC) and National Information Technology Development Agency (NITDA) frequently issue warnings of cybercriminals targeting individuals, government entities, banks, and telecom companies.
E-Business
Hisense Electronics Unveils Flagship Showroom in Abuja
By Fabian Tarpael, Abuja
Hisense electronics unveiled a flagship showroom in Abuja over the weekend. Speaking at the event, Mr. Mustapha Khries, the Abuja Branch Manager of the Fouani Group, highlighted the significance of the flagship store, describing it as the first of its kind in the entire West African region.
He also addressed the challenges facing businesses in Nigeria, particularly the high exchange rates and transportation costs.
“The Fouani Group remains resilient and ready to overcome challenges, unlike others who often exit the market when faced with similar issues.”
Ms. Haifa Du, Senior Sales Manager for Hisense Electronics, emphasized the brand’s commitment to affordability and innovation, stating that Hisense offers the most cost-effective and advanced solutions in the market.
The event underscored Hisense’s dedication to technological innovation and sustainability while reaffirming its leadership position in the consumer electronics market.
Mr. Robbin Wei, Senior Sales Manager of Hisense Group, supported by Mr. Greg and Ms. Haifa Du, showcased various innovative products from the new flagship store.
Among the standout products showcased include; The Hisense 110″ Smart Ultra AMOLED TV, featuring unique capabilities such as a solar-powered remote control and a “locate remote” function to find misplaced remotes easily.
- News2 days ago
9mobile Addresses Recent Service Outages, Apologizes for Inconvenience
- E-Financial2 days ago
Fraud in Bank Branches Surges by 31 Percent in Q2 — FITC
- Telecom2 days ago
Airtel Once Again Wins Partnership of the Year Award at SERAS 2024
- News2 days ago
Dangote Refinery Denies Liquidity Challenges, Dismisses NNPCL’s $1Bn Loan Claim
- E-Financial2 days ago
UBA to Deepen International Expansion, Others with N239bn Rights Issue
- E-Financial2 days ago
JAIZ Bank Secures N10.04bn Via Private Placement
- News2 days ago
NAF Delegation Visits Zinox Technologies, Discuss Partnership
- Uncategorized2 days ago
Leadway Assurance Pledges Transformative Role to SMEs