Telecom
UK Pledges £22m to Support Cyber Capacity Building in Africa

Dominic Raab, British Foreign Secretary, has announced £22 million of new investment to build cyber security resilience in developing countries and globally, particularly in Africa and the Indo-Pacific.
He disclosed this in a speech delivered at the National Cyber Security Centre’s CYBERUK conference on Wednesday.
Raab announced that the UK would spend about £3 million of this funding to help INTERPOL set up a new team that will fight cybercrime in Africa.
The new INTERPOL desk will work across Nigeria, Ethiopia, Ghana, Kenya and Rwanda creating a regional strategy to support joint operations against cybercrime, and strengthen African states’ capability to combat the crime and those behind it.
Since 2018 the UK has been actively partnering with Nigeria to support the development of Cyber Security policies and strategies.
Both countries share an ambition to create a safe and secure digital community that provides opportunities for Nigerian citizens and promotes peaceful engagement in cyberspace that enhances national prosperity.
The launch in February this year by President Buhari of the new Nigerian National Cyber Security Policy and Strategy (NCPS) 2021 followed well-targeted UK-funded technical assistance through the UK’s Digital Access Programme.
That programme has also funded a project to upskill Small Medium and Enterprises across Nigeria on cyber basics which was delivered through the NGO CyberSafe Foundation (https://cybersafefoundation.org/).
The UK Department of International Trade (UK DIT) has also hosted a virtual event for Nigerian stakeholders interested in cyber security for the financial services sector. This event discussed emerging cyber security issues for the sector and showcased aspects of the UK’s approach.
Today’s development is a part of the UKs ambition to build global cyber resilience. We see Nigeria and Africa as a whole as an important partner in this. With some of the fastest growing economies in the world, Africa has become a target for opportune cybercriminals. By creating a central coordination desk within INTERPOL that law enforcement across Africa can use, the UK hopes to improve collaboration across borders to advance intelligence sharing, and ultimately stop the perpetrators of cybercrime in Nigeria and across Africa.
Speaking to the conference of security experts the Foreign Secretary outlined that the UK wanted to act as a responsible cyber power. As well as working with other countries to shape cyberspace in line with our values, the UK is also making around £22 million of new investment available to support capacity building in cyber security for developing countries and globally.
In his speech, Foreign Secretary, Dominic Raab said: “We are working with like-minded partners, to make sure that the international order that governs cyber activity is fit for purpose.
“Our aim should be to create a cyberspace that is free, open, peaceful and secure, which benefits all countries and all people.
“We want to see international law respected in cyberspace, just like anywhere else. And we need to show how the rules apply to these changes in technology, the changes in threats, and the systemic attempts to render the internet a lawless space.”
INTERPOL Secretary General Jürgen Stock said: “With more than 4.5 billion people online, more than half of humanity is at risk of falling victim to cybercrime at any time, requiring a unified and strong response.
“The UK support for INTERPOL’s cyber initiative in Africa underlines its commitment to this fight and will be an important piece of the global security architecture to combat cybercrime.”
Cybercrime is one of the most prolific forms of international crime, with damages set to cost the global economy $10.5 trillion annually by 2025. With some of the fastest growing economies in the world, coupled with a reputation for weak network security, African countries are currently a big target for opportunistic cyber criminals.
In addition to cybercrimes, there is also a growing trend for higher impact online financial scams in Africa, with an INTERPOL survey revealing that in the two years between 2013 and 2015 criminals in Africa targeted businesses for an average of US$ 2.7 million each time.
Despite the best efforts of law enforcement across the region, on average only 30% of those crimes could be prosecuted due to differing legal systems and legislation across borders. The new INTERPOL team will lead efforts to change that, facilitating cross-border collaboration to stop cybercriminals.
Telecom
MTN Mulls Establishment of Fintech Firm in Nigeria, Others

MTN Uganda is seeking input from stakeholders on a plan to structurally separate its mobile money service, MoMo, from its core telecoms business.
According to the company, the proposed change will be discussed at the upcoming extraordinary general meeting on July 2.
If approved, the telco’s fintech business will be run by a new company controlled by MTN Group Fintech Holdings B.V. and a trust benefiting minority shareholders following a merger.
Additionally, the restructuring also aligns with MTN Group’s ambition 2025 strategy which aims to unlock value, attract new investors, and strengthen regulatory compliance by creating standalone fintech entities in Uganda, Ghana, and Nigeria.
The company’s fintech division has over 13 million customers, with an 18.4% revenue increase in the first quarter of 2025, driven by 19.0% growth in mobile money services, 19.8% growth in transaction volumes, and a 31.4% increase in transaction value.
Reports say the decision is part of the telco’s compliance with the National Payment Systems Act 2020, which mandates mobile money businesses to operate as standalone entities, and to align with MTN Group’s regional fintech strategy.
MTN Uganda, which is led by CEO Sylvia Mulinge, highlighted that the implementation of the proposed transaction will be subjected to a number of conditions and regulatory procedures.
“The implementation of the proposed transaction shall be subject to a number of conditions, including the company and MTN MoMo receiving all required regulatory approvals and no-objections and complying with any regulatory conditions,” said MTN Uganda in notice.
Telecom
Netflix Expands European Presence with €1 Billion Investment in Spain

Netflix has announced plans to invest more than €1 billion in Spanish film and television productions over the next four years, reinforcing its commitment to Spain as a key creative hub in Europe.
The announcement was made by co-chief executive Ted Sarandos at an event held at Netflix’s production studios near Madrid, celebrating the company’s 10-year presence in the country.
Sarandos emphasized that the investment would contribute significantly to Spain’s economy, create jobs, and enable the streaming platform to produce more local content. He was joined by Spanish Prime Minister Pedro Sánchez in unveiling the initiative.
Netflix first established its international production studios in Madrid in 2019, following the success of the Spanish-language hit series Money Heist.
Since then, its 22,000-square-meter facility has become one of Netflix’s major production centers within the European Union.
The company currently supports over 20,000 jobs in Spain, highlighting the nation’s growing influence in global entertainment.
The investment reflects Netflix’s ongoing strategy to expand its presence in European markets through original content and local talent.
Telecom
ngCERT Issues High Alert to Nigerians Using Android Phones

Nigeria Computer Emergency Response Team (ngCERT) has raised alarms over a new wave of advanced cyberattacks targeting Android mobile phones through a malware campaign dubbed Tria Stealer.
The malicious software is designed to infiltrate Android devices, hijack messaging accounts, intercept One-Time Passwords (OTPs), to steal sensitive personal and financial data.
According to ngCERT, Tria Stealer spreads primarily through deceptive tactics, such as fake event invitations distributed via popular messaging platforms like WhatsApp and Telegram.
Unsuspecting users are enticed to download an infected (APK) file, often disguised as a harmless system application, to evade detection.
Once installed, Tria Stealer requests extensive permissions, including access to SMS, call logs, and app notifications.
It immediately commences data harvesting activities, sending stolen information to a Command and Control (C2) server operated via Telegram bots.
This trojan spreads through fake links, usually disguised as wedding or event invites, and tricks users into downloading malicious APK files
“Account takeover of messaging platforms. Impersonation of victim for fraudulent money transfer requests. Compromise of banking and financial applications. Identity theft and credential harvesting.”
In plain terms, if your phone is compromised, the consequences could be catastrophic.
Your financial apps are vulnerable, your reputation could be ruined by impersonation and even simple personal messages could be twisted into tools for scams.
Here’s what users should be doing now:
Don’t download apps outside the official Play Store.
Be suspicious of random invites or links, even from people you know.
Turn on 2FA for everything—banking, emails, social platforms.
Get a reputable antivirus and keep it updated.
If you run an organisation, you should already be taking this seriously.
ngCERT’s guidance says you should raise awareness, monitor mobile devices, and not let your team click on unverified links.
“Deploy network monitoring for suspicious outbound connections to known C2 domains,” it said, meaning, keep an eye on every digital door in and out.
This isn’t one of those cases where you wait to see if it affects you. By the time you realise it, it may already be too late.
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