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TLcom 4th Africa Tech Female Founder Summit to Focus on Scaling Tech Businesses

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TLcom Capital, the Africa-focussed venture capital firm, has officially announced the launch of its fourth annual Africa Tech Female Founder Summit, which will be held on Wednesday 9th November 2022 in Nairobi, Kenya.

 

The headline session will feature a fireside chat with Meg Whitman, US Ambassador to Kenya and former CEO of eBay and Hewlett-Packard, who will discuss her global experience scaling technology businesses.

Themed “Dare to Do: The Scale Mindset”, the 2022 Africa Tech Female Founder Summit will deliver expert insights on navigating the journey to scaling tech businesses, strengthening TLcom’s existing work in establishing a vibrant community of female tech founders in Africa who can learn from and support one another.

For the event’s keynote address, Odunayo Eweniyi, Co-Founder and COO of Piggyvest, will share her scale journey of building Africa’s largest wealthtech company, which will be followed by a panel discussion on leveraging operations, people and finance to scale sustainably.

Rose Goslinga of insurtech leader, Pula, will also deliver a masterclass on OKRs. The Summit will also feature female C-suite executives and founders from Africa’s leading tech companies including Adia Sowho of MTN Nigeria, Radhika Bachu of Ndovu and Tebogo Mokwena of Akiba Digital

With the Summit’s format this year back to in-person, TLcom has now opened up applications for female tech entrepreneurs across Africa and the Diaspora to attend.

Speaking on the event, Omobola Johnson, Senior Partner at TLcom Capital, says, “This year’s Summit will tackle head-on some of the challenges female founders face, while moving the conversation on to actionable strategies for scaling their businesses.

“The prospect of scaling for women entrepreneurs can often prove daunting due to the obstacles that arise, severely limiting their business growth. We are actively challenging our attendees to be bolder and even more ambitious, in a bid to combat this.”

“Considering the growing number of female-led, tech-enabled businesses on the continent with potential for huge economic upside, it’s time to break this cycle. With the right strategic support, we firmly believe this emerging class of female-run startups can ultimately challenge the status quo in becoming Africa’s next generation of unicorns.”

Over 150 female tech entrepreneurs have attended previous editions of the Summit with last year’s event held virtually, featuring a keynote session from Julia Gillard, former Prime Minister of Australia and Chair of Andela. The 2022 conference will also be complemented by a networking cocktail event with investors, corporates and other tech ecosystem players.

Andreata Muforo, Partner at TLcom Capital, adds “As the Female Founder Summit enters its fourth year, we’ve been privileged to experience the growth of founders within our community and as their companies continue to evolve, it’s vital we rally support to fully leverage this next stage of their journeys.”

“For many of these entrepreneurs, they are entering into a critical growth phase for the first time and our goal is to equip them with a playbook from each other and seasoned business leaders who have travelled this journey before so they can become the next crop of African founders achieving massive value generation for the continent.”

TLcom’s $150mn TIDE Africa Fund II, which is one of the most active funds across Africa, boasts a leadership team which is 60% female following its recent appointment of Eloho Omame as a Partner in June 2022.

The firm has actively supported female founders not only through its annual summit, but notably through its track record of investing in some of Africa’s top female-led startups such as Okra and Pula.

Earlier this year, TLcom also doubled down on its drive to address the severe funding gap for Africa’s female tech entrepreneurs with a $2mn co-investment commitment to support the launch of FirstCheck Africa’s debut $10mn fund.

Currently, TLcom manages total commitments of approximately $350mn and holds fourteen African startups in its portfolio including Andela, Ajua, Autochek, Ilara Health, Kobo360, Okra, Pastel, Pula, Seamless HR, Shara, Terragon Group, Twiga Foods, uLesson and Vendease. With an on-the-ground presence in Kenya and Nigeria as well as offices in the UK, the firm invests across all stages of the venture capital cycle.

TLcom also invests across a wide range of industries including agriculture, education, fintech, data analytics and logistics targeting high-growth, tech-enabled startups across Africa.

 


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Toll Collection on Lagos-Calabar Highway Begins December

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Senator David Umahi, the Minister of Works, has announced that a section of the Lagos-Calabar Coastal Highway will be tolled starting in December.

Umahi disclosed this during an interview for a forthcoming State House documentary marking the second anniversary of President Bola Tinubu’s administration.

He said: “By December, we will toll Section 1 of the Lagos-Calabar coastal highway. We project a 10-year return on investment.

“The road has solar-powered lighting and CCTV infrastructure, and offers carbon credit advantages.

“It is more than a road; it is an economic corridor and a catalyst for regional growth.”

According to the minister, 30 kilometres of Section 1 have already been completed, with an additional 10 kilometres in Section 2 nearing delivery. Both segments feature six-lane concrete-paved carriageways, designed to meet modern standards for safety and durability.

Umahi further revealed that construction had commenced on Sections 3 and 3B of the highway, spanning a total of 65 kilometres, covering 38 kilometres in Cross River State and 27 kilometres in Akwa Ibom.

He described the positive response from local communities as a clear indication of the project’s wide-reaching socioeconomic benefits.

“Just days ago, we flagged off Sections 3 and 3B—65 kilometres in total, covering 38 kilometres in Cross River State and 27 kilometres in Akwa Ibom. The host communities’ excitement speaks to these projects’ transformative impact,” he said.

Umahi also highlighted the administration’s renewed focus on the Sokoto-Badagry superhighway, which he noted was part of a broader vision dating back to colonial-era trade plans.

“The Trans-Saharan trade route dates back to colonial-era planning. President Tinubu is now bringing these long-abandoned visions to life,” the minister explained.


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Kaspersky Uncovers Dero Crypto Miner Spreading via Exposed Container Environments

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Kaspersky Security Services experts have identified a sophisticated cyberattack campaign targeting containerized environments to deploy a miner for the Dero cryptocurrency.

The attackers abuse exposed Docker APIs — parts of Docker, an open-source container development platform. In 2025, there are a significant number of Docker API default ports that are insecurely published, accounting for almost 500 occurrences worldwide on average each month.

In the discovered campaign, cybercriminals inject two types of malwares into the compromised systems: one is the miner itself and the other is a propagation malware that can spread the campaign to other insecure container networks.

Kaspersky experts discovered this malicious campaign as part of a compromise assessment project. According to expert estimates, any organisation that operates containerized infrastructure — while exposing Docker APIs without robust security controls — can be a potential target. These may include technology companies, software development firms, hosting providers, cloud service providers and more enterprises.

According to Shodan, in 2025, there are 485 published Docker API default ports¹ worldwide each month on average. This figure illustrates the campaign’s potential attack surface by tallying the “entry points” — or insecurely exposed ports that attackers might target.

Once attackers identify an insecurely published Docker API, they either compromise existing containers or create new malicious ones based on a legitimate standard Ubuntu image. They then inject two malware types into the compromised containers: “nginx” and “cloud”.

The latter is a Dero cryptocurrency miner, while “nginx” is a malicious software that maintains persistence, ensures execution of the miner and scans for other exposed environments. This malware allows attackers to operate without traditional Command-and-Control (C2) servers; instead, each infected container independently scans the Internet and can spread the miner to new targets.

“The campaign has the potential for exponential growth of infections, with each compromised container acting as a new source of attack, if security measures are not immediately put in place in the potentially targeted networks,” explains Amged Wageh, an incident response and a compromise assessment expert at Kaspersky Security Services.

“Сontainers are foundational to software development, deployment, and scalability. Their widespread use across cloud-native environments, DevOps, and microservices architectures makes them an attractive target for cyber attackers. This growing reliance demands organisations adopt a 360-degree approach to security — combining robust security solutions with proactive threat hunting and regular compromise assessments”.

The attackers embedded the names “nginx” and “cloud” directly in the binary — an inflexible executable file composed of instructions and data for the processor, not for humans. This is a classic masquerading tactic that lets the payload pose as a legitimate tool, trying to deceive both analysts and automated defenses.


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Manager, Others Arraigned for Allegedly Hacking into Premium Trust Bank’s Server

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Economic and Financial Crimes Commission (EFCC), on Tuesday, charged five defendants before a Federal High Court in Lagos for allegedly hacking into the server of Premium Trust Bank.

Manager, Others Arraigned for Allegedly Hacking into Premium Trust Bank’s Server

The defendants are listed as the bank’s e-payment service manager, Matthew Adeniyi; Kehinde Odeyemi, a nursing mother; Samson Latshin, Bolaji Omotosho and Sunday Okunnola.

They were charged before Justice Alexander Owoeye, on a six-count charge bordering on conspiracy, cybercrime and unlawful access to the bank’s database.

They, however, pleaded not guilty to the charge.

Mrs. Zeenat Atiku, prosecutor, alleged that they committed the offence between April and May this year, in collaboration with three others, now at large.

Those still at large are Isa Ismaila, Victor Joshua, also known as ‘Oracle’ as well as one other, simply identified as Humble.

According to the charge, the first defendant unlawfully disclosed sensitive credentials, including the bank’s server IP and domain details, to these parties.

She said this enabled an unauthorised access to the bank’s database and the consequent data breach allegedly resulted in financial gains of $10,000.

The prosecutor also alleged that the defendants attempted to intercept the bank’s network and procured a Hewlett-Packard ProBook 440 G9 laptop (serial No. SN#5CD2473N6G) configured to bypass the bank’s security systems.

The anti-graft agency said the alleged offences contravened the provisions of sections 12(1)(b), 27, 28(1)(b)(c) and 28(3) of the Cybercrimes (Prohibition Act, 2015 (as amended in 2024).

Following their pleas, the prosecutor, requested for a trial date and sought an order to remand the defendants in custody.

Meanwhile, the court declined an oral bail by the defence counsel and directed that a formal bail application be filed.

He adjourned the case until June 30, for trial and ordered that the defendants be remanded at the Nigerian correctional centre, pending bail.

The court, however, added that the defence may apply for an earlier trial date, upon filing their bail applications.

 


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