Tuesday, August 11African Business News
Shadow

Technology

Elit scripta volumus cu vim, cum no vidit prodesset interesset. Mollis legendos ne est, ex pri latine euismod apeirian. Nec molestie senserit an, eos no eirmod salutatus.

Experts task firms on cyber security amid rising digital risks

Experts task firms on cyber security amid rising digital risks

Technology
Stakeholders in the insurance industry and Information Technology (IT) have stressed the need for organisations to take preventive measures against the risks posed by cyber-attacks and fraud to safeguard businesses during and after the COVID-19 pandemic. This was the focus at a webinar meeting, where global industry thought leaders and subject matter experts x-rayed the rising cyber-risks in local and international businesses, as well as the various ways to mitigate the threats and attacks. The meeting was championed by Leadway Assurance Company Limited. Speaking, Partner, Technology Advisory Services, KPMG Nigeria, John Anyanwu, said: “Since the start of the pandemic, there has been increased dependency on the internet and mobile apps, as well as digital channels. This has broug...
Opinion piece: Nigeria represents a huge potential market for RCS

Opinion piece: Nigeria represents a huge potential market for RCS

Innovation, Technology, Technology & Innovation
The most popular communications channel in many parts of the world – the Short Message Service (SMS) – is rapidly evolving into a technology that businesses can leverage to keep up with the changing demands of today’s connected consumer. The next iteration of this technology, known as Rich Communication Service (RCS), is an advancement that will offer enhanced features to the standard SMS experience. Soon to be native on all mobile devices, this messaging service can now stand shoulder to shoulder with the world’s most popular chat apps. Despite huge uptake since its introduction in the 1990s, SMS has, up until now, evolved very little unable then to deliver the rich communication experience that today’s smartphones are able to support with other channels, such as WhatsApp. At the same ti...
Fintechs push insurance schemes for West Africans

Fintechs push insurance schemes for West Africans

Technology
Financial Technology companies are currently pushing insurance schemes for millions of West Africans, especially in Nigeria.  The firms, Aella and Hygeia HMO, which recently got bolstered by a $10 million funding round are billed to serve financially excluded populations in West Africa and other emerging markets, with health insurance.  The scheme is a partnership agreement between the two firms.  AellaCare, a health insurance scheme, offers a comprehensive and accessible micro-health insurance service that overcomes obstacles that keep millions from accessing financial services such as geographical or regulatory inaccessibility, lack of access to banking institutions, confidence concerns or needs that existing financial schemes can not solve. They aveered that ...
FiberOne Broadband expands further within Lekki

FiberOne Broadband expands further within Lekki

Technology
FiberOne Broadband this month has expanded its Fiber to Homes and Offices coverage areas to better meet the needs of her growing customers. This means that more families and businesses within the Lekki Area can enjoy unlimited broadband connection. “We are thrilled and excited to announce that our world class Fiber to the Homes (FTTH) service is now available in new areas in Lekkilike Fola Osibo Rd and environs, Freedom Way, all of Lekki Phase 1 – zone 10, The whole of Oniru estate and environs” said Joda Kehinde, COO FiberOne Broadband. “With the addition of the new areas, and further expansions ongoing,we are a step closer to achieving our goal of being the number one choice when it comes to Superfast Fiber to the Home (FTTH) Broadband in Nigeria.” FiberOne broad...
Dentsu Aegis network launches data labs

Dentsu Aegis network launches data labs

Technology
Dentsu Aegis Network Sub-Saharan Africa (SSA) has launched Dentsu Data Labs to lead the way in data intelligence and consultancy, marketing technology and audience insights. Dentsu Data Labs has a valuable data offering, with the combination of their proprietary research they have done in the African region over the last five years. The unique way they have combined it with digital client ID’s and media owners data sets is drastically increasing the relevance of the creative and content served to every consumer. The results have shown drastic increases in performance. Their strength lies in their owned Customer Data Platform, which manages and protects anonymised personal consumer information, allowing the division to build customised audiences for clients across the region that will dr...
Slow global Internet connection imminent over work-from-home policies, streaming demand

Slow global Internet connection imminent over work-from-home policies, streaming demand

Technology
With many companies implementing a mandatory work-from-home policy as a precaution against coronavirus, widespread adoption could lead to global Internet connectivity issues, experts warn. Similarly, demand for bandwidth continues to be on the rise following cancellation of many sporting events, with many switching to streaming services like Netflix, YouTube among others for contents. It was gathered that the added strain of remote access, video conferencing and the use of VPNs might cause some difficulties for the Internet’s infrastructure. Besides, domestic broadband for customers served by an antiquated copper-wire network would be worst affected and could see a data bottleneck.Some companies in USA, UK, South Korea, China, and part of Europe, including Spain, have initiated t...
‘Technology deployment will boost tax compliance’

‘Technology deployment will boost tax compliance’

Technology
Experts in Nigeria’s financial sector have called on the Federal Government and tax professionals to deploy more technology to the taxation subsector, saying it would improve the ease of paying, collection and administration of taxes in the country. Specifically, the Director General, Lagos Chamber of Commerce and Industry (LCCI), Muda Yusuf, said if tax offices and professionals could invest in technology infrastructure, it would help equip them to handle all tax issues swiftly. Speaking at the Joint Minds International (JMI) Seminar, in Lagos, he said the deployment of technology to the sector would also curb the corruption tendencies in the system and reduce man-hours needed to make tax payments and collection. He maintained that this would also help ensure ...
Making Africa’s transport ecosystem benefit travelling communities

Making Africa’s transport ecosystem benefit travelling communities

Logistics, Technology
Africa's largest cities Cairo, Lagos and Johannesburg are some of the most congested on the continent with the Kenyan capital Nairobi, reputed to be the second most congested city in the world. Needless to say, such congestion has socio-economic costs with the rate of accidents ranking among some of the highest, says Joe Moyo, Afri Ride founder and managing director. Ridesharing in Africa eliminates several of the major transportation hurdles faced by individuals in densely populated towns and cities. "Africa’s people are tech-savvy, and most of them own a smartphone, however, the vast majority do not own their own transportation. And even those who do, battle with poor road infrastructure and extreme overcrowding, as the road networks were never designed to support the number of veh...
Nigeria’s e-payment transactions exceed N590tr

Nigeria’s e-payment transactions exceed N590tr

Economy, Technology
The nation’s electronic payment (e-payment) system landscape has risen to a new height of about N592 trillion worth of transactions in 2019, a data from the Central Bank of Nigeria (CBN), obtained by The Guardian, yesterday, showed. The e-payment’s value was recorded in about 93.84 billion different transactions across the country, through various electronic channels. These electronic channels include cheque truncations, ACH/Nigerian Inter Bank Settlement System (NIBSS) Automated Payment Services (NAPS)/PMS, Automated Teller Machine (ATM), Point of Sale (PoS), Internet (Web), Mobile Money, NIBSS Instant Transfer (NIP), m-Cash, E-BillsPay, Central Pay, and Inter-Bank transactions. The new record also contrasts with the e-payment’s activity in 2018, which though was estimate...
Twelve new lenses you won’t be able to live without

Twelve new lenses you won’t be able to live without

Business, Technology, Uncategorized
Oporteat delicata constituam in nec. His habeo summo ea. Graeco adolescens ut his. Nonumy denique torquatos te mea, ferri repudiare efficiantur ad per. Ad vim cibo clita offendit, tritani reformidans nam ut, ex facete eleifend nam. Eu has novum mazim epicuri, veritus mandamus vel et. Amet urbanitas mel te. Habeo labore labores vix in. Ea nam graeco eirmod oblique, sit ne platonem delicata. Ius exerci nemore ne, vel dicta aliquid mentitum ea, oratio abhorreant ex eum. Usu ex latine legendos concludaturque, in diceret suscipit ius, regione nostrum senserit ut sea. Cum modo iracundia scribentur ea, ea duo exerci definiebas. Hinc tantas te sit, ceteros intellegat cu nec. Nec ea mutat consequuntur. Cu vix tollit petentium. Rebum elitr et eam, his ne nihil essent conclusionemque. Vel id...