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2021 Africa Tech Alliance Forum to Center on Digital Transformation Solutions

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Annual Africa Tech Alliance Forum (AfriTECH) event has been scheduled to take place on Wednesday, October 13, 2021 by 10:00am (WAT).

Formerly known as Mobile & Disruptive Technology Forum (MoDiTECH), AfriTECH2021 will hold as a hybrid event: both Virtual and Physical with strict compliance to COVID-19 protocols and promises to be bigger, better and to serve as an interesting Forum for inter-sectorial cross-fertilization of ideas on economic impacts of COVID-19 on digital transformation and way forward for businesses.

#AfriTECH2021 Central theme is: ‘Embracing Change and Digital Transformation in the New Normal’.

The subthemes will dwell on boosting digital infrastructure for Cloud Hosting; digital tools for education & reskilling African youth; cyberSecurity: Pushing for privacy & data protection; and harnessing blockchain technology for digital economy growth.

Speaking on preparations for AfriTECH2021, Peter Oluka, editor, TechEconomy.ng recalled that the outbreak of coronavirus pandemic (COVID-19) had devastating impacts which the global economy is still grappling with.

Apart from the negative health implications, the COVID-19 pandemic has led to job losses, pay cuts, travel restrictions and consequently fall in foreign trade and general business activities.

The businesses most hit are the Micro Small, and Medium Enterprises (MSMEs) as recent survey by the International Trade Centre (ITC) revealed that the pandemic has strongly affected nearly two-thirds of micro and small businesses – compared to about 40% of large companies – with 20% of MSMEs feared to shut down permanently at some points soon.

Interestingly, the survey revealed that 40% of the companies that came out strong from the pandemic were mainly technology driven businesses.

“Though the pandemic has adversely affected our economic and social life, it has also created opportunities for us to look in-ward.

“At one time or another, nations and individuals confront crisis points – moments of existential challenge that also open up new possibilities. We believe in the technological possibilities to assist Africa recover fast from this pandemic.

“Therefore, we align with the school of thought that African countries face three possible outcomes post-pandemic: play catch-up, stand still or fall even further behind the industrialized world”, he said.

Oluka explained that AfriTECH2021 offers a platform to identify and showcase technological solutions that assist organisations tackle the problems thrown up by the pandemic.

The Editor said the theme was carefully selected to give particular attention to the disruptive potentials of emerging technologies such as the Blockchain Technology, Artificial Intelligence, Machine Learning, Data Analytics, Robotics, FinTechs and mobile phone economy around retail and service provisioning and the potentials to reposition both public and private entities in the post Pandemic era.

He added that maiden AfriTECH Awards has been instituted to honour or recognise organisations that demonstrated outstanding capabilities during the peak of the pandemic and others that have set themselves apart with turnkey; convenient, safe/secured, flexible, cost-effective and regulatory compliance solutions.

“We are also using this opportunity to call on Startups and other SMEs seeking for a platform to launch their innovative ideas to leverage on #AfriTECH2021 to achieve that purpose”, he announced”, he said.

Participation:

Oluka said that companies and individuals seeking to be part of the Forum & Award ceremony should contact the team via info@techeconomy.ng while the registrations have commenced via the link https://bit.ly/3CRxCI6.


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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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MTN Says New N6.98 USSD Charge Won’t Affect Airtime Recharge

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Lynda Saint-Nwafor, chief Enterprise business officer, MTN Nigeria, has assured the network subscribers that the new end-user billing system for the use of USSD services will jot affect them.

MTN Says New N6.98 USSD Charge Won’t Affect Airtime Recharge

USSD, otherwise Unstructured Supplementary Service Data codes are commonly used for banking transactions, airtime recharges, and other mobile services.

The telco said that  there is no significant impact or change other than the fact that they will now pay the same N6.98 per session (120 seconds) with their airtime instead of direct bank debit.

Saint-Nwafor, said this during a chat with MTN MIP fellows, explaining that the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have ordered telecom operators to ensure that the new billing model resolves trust issues and ensures transparency in the billing process.

“Our regulator insisted that at the end of every month, we are going to be providing history and statistics on the performance of the service across the board”, she explained.

Saint-Nwafor added that the new billing model has standardized messaging across all operators and ensures consistent communication with customers.

“We will take all the error codes and map them into messages that are standardised across the board. So, if you initiate a transaction, you will know if it is failing. And, when the transaction fails, you will know if it is from your bank or the telco,” she explained.

 


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Crypto Scam Unmasked: U.S. Recovers Record $225m in Global Fraud Bust

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The U.S. government has recovered $225 million in what is now the largest seizure of funds linked to a cryptocurrency investment scam.

In a statement released Wednesday, June 18, the U.S. Attorney’s Office said the recovery followed an extensive investigation by the FBI and the U.S. Secret Service, using blockchain analysis and other forensic tools. The statement did not confirm whether any arrests had been made.

According to the authorities, the stolen funds originated from fraudulent cryptocurrency investment schemes that tricked victims into believing they were making legitimate investments. More than 400 individuals around the world, including dozens in the United States, were reportedly affected.

The operation involved a sophisticated money laundering network that carried out hundreds of thousands of blockchain transactions to obscure the source and ownership of the stolen assets.

“These scams prey on trust, often resulting in extreme financial hardship for the victims,” said Shawn Bradstreet, Special Agent in Charge at the U.S. Secret Service office in San Francisco.

Bradstreet added that U.S. officials hope the recovered funds can eventually be returned to the rightful victims.

Cryptocurrency investment fraud accounted for over $5.8 billion in reported losses in 2024 alone, according to the statement.


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Nnaemeka Ani Calls on African Techies to Rewrite the Narrative

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Hon. Nnaemeka Ani
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In a rousing declaration that is electrifying minds across the continent, Hon. Nnaemeka Ani, Special Adviser on ICT to Enugu State Governor, Dr. Peter Mbah, has called for a homegrown digital revolution under the banner “Africa Will Rise: By Code, By Courage, By Us.”

Hon. Nnaemeka Ani

The message, part challenge, part philosophical—seeks to galvanize African innovators to move beyond buzzwords and build technology with impact and legacy in mind.

“Let’s stop building for hype. Let’s start building for legacy,” Ani urged while speaking to ICT journalists over the weekend. “Let’s stop waiting for someone else. Let’s start creating the future—on our own terms.”

At the heart of Ani’s vision is a shift from tech consumerism to tech authorship. With innovation hubs sprouting across cities like Enugu, Lagos, Kigali, Jo’Burg, and Nairobi, and a growing community of developers, engineers, and entrepreneurs determined to solve Africa’s unique challenges, the movement is already taking shape.

Ani emphasized that Africa’s future lies not in flashy apps or international admiration but in persistent, intentional solutions that uplift communities—solutions that digitize public services, bridge rural-urban divides, empower women and youth, and build resilience in food and climate systems.

“We have the talent,” he said. “Now it’s time to harness it—to stop building for likes and start building for lasting impact.”

With support from leaders like Ani and rising momentum in Africa’s tech corridors, it seems that a new chapter is being written—one line of code at a time.


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