E-Business
Yookos.com Leads Social Networking in Africa

Targeting 100 million users by 2013, Yookos.com, an extraordinary world-wide focused social networking site with African background is not resting on its oars to add value to the sector.
The cut-above-the-rest platform will literally network the entire world and bring about positive changes in the lives of people in Africa, says Tomisin Fashina, the group chief executive officer.
Launched on the 1st of January 2011, the site currently has over seven million users, while it plans increasing the tally to 20 million by the end of the year.
Fashina had during a press conference in Lagos held over the weekend told newsmen that Yookos.com has recorded tremendous success since inception and is already the toast of many Africans, particularly students who appear to be major clienteles of social media.
He said with optimsim that 20 millions users was a realizable projection, as the site has continued to add content, functionality and additional languages.
“Our early experience suggests there’s a huge need for a quintessentially African social network that helps Africans interact, socialise, share information and access entertainment that is relevant to them, whether they’re in London, New York or a remote village in Nigeria,” said Fashina.
The Nigerian social networking premier believes Yookos has all it takes to break the digital barriers before the continent; making the continent social media-savvy and providing social relevance in a networked environment.
He however bemoaned the snail pace of social media penetration in many African countries precisely because it lacks local relevance.
According to Fashina the evenly growing social networking site was ready to grab the hearts and minds of Africans and others in Diaspora by offering a values-based platform that talked directly to African literature, and many other issues concerning the region.
“We believe in the continent and are investing in its future. For us, Africa’s challenges are its opportunities. Our emphasis is on social development.
“We care about Africa and uplifting the people, whether that’s through giving students access to educational materials or putting families in contact with their loved ones on the other side of the world.
“Yookos is a social network designed to reach out to all Africans, regardless of religion, politics, gender or where one is; this is a meeting place for all Africans to come and be educated, entertained, and interact. More than 40 other churches and community organisations are already using Yookos as a platform to reach their communities, and we’re hoping to grow that significantly,” he added.
The Yookos.com boss highlighted that the way of the future is undoubtedly mobile, adding that for millions in Africa, mobile phones are the main and often only connections to the Internet – and a way to put Yookos in every hand. To this end, Yookos has developed a unique yet easy to use mobile app for mobile users to connect their world through Yookos
He also disclosed that Yookos’ recently launched portal for Africa’s Gamers features more than 500 games that can be played for free. Some of the driving games include Moon Rider, Street Grand Prix and Freeway Cruising.
The action games include F18 Hornet Game and Air Adventure, with the 3 in a Row category featuring all-time favourites like Bejewelled, Recycled and Super Zen Blaster.
E-Business
Report Shows Start-ups Fuel Innovations in Africa

Bloomberg has released its second annual “25 African Startups to Watch” list, underscoring the growing influence of venture-backed innovation across the continent.

Published thursday, the list highlights companies building solutions in “environments where infrastructure or systems have failed to deliver.”
The featured start-ups build solutions to challenges such as accessing healthcare in Chad, moving goods in Kenya, securing loans in South Africa, and safeguarding borders in Nigeria.
Nigeria, South Africa and Kenya jointly lead with four companies each, reflecting the ongoing strength of Africa’s three most visible start-up ecosystems.
The 25 companies span 13 countries and sectors including healthcare, fintech, security, climate resilience, waste management, and transport.
Nigeria’s four startups are 10mg Health, Remedial Health, Sycamore and Terra Industries, covering areas from healthcare financing and pharmaceutical supply chain integrity to digital lending and defence technology.
South Africa’s contingent includes Omnisient, Amesect, AURA and Jem. Omnisient uses grocery purchase data and AI to extend credit to those outside traditional financial systems.
Kenya’s notable four include Zeraki, a school-data analytics platform partnering with Safaricom to reach secondary students across the country.
According to Bloomberg, a defining theme this year is the source of funding.
Nearly half of the total capital raised by these start-ups came from African investors, marking a shift from previous years when international capital predominantly drove early growth.
International backers such as 8VC, controlled by Palantir Technologies co-founder Joe Lonsdale, and Google continue to see value in investing in African companies, Bloomberg noted.
The report also highlights that start-ups across the continent almost doubled their debt fundraising in 2025, even as equity financing from venture capital firms declined.
Separately, the Start-up Ecosystem Report 2026 states that Kenya has overtaken Nigeria as Africa’s top startup investment destination, attracting $984 million in 2025.
Jennifer Zabasajja, Bloomberg Television’s chief Africa correspondent and anchor, highlighted the dual significance of the list, the variety of solutions being built and the growing role of African-sourced capital in backing them.
She noted that the list comes at a consequential moment, one shaped by global disruptions, from the conflict in Iran to sweeping cuts in US foreign healthcare assistance, that have made the case for African-owned capital more urgent than ever before.
E-Business
NDPC Raises Alarm: Fake News, Data Abuse Could Destroy Nigeria’s 2027 Elections

Nigeria Data Protection Commission has warned that the growing misuse of personal data and digital platforms could undermine Nigeria’s democratic process ahead of the 2027 general elections.

NDPC
The warning was delivered during the 2026 Press Week organised by the FCT Council of the Nigeria Union of Journalists in Abuja.
Speaking at the event, Vincent Olatunji, national commissioner and chief executive officer, NDPC, who was represented by Itunu Dosekun, head of Media Unit at the commission, said disinformation and unlawful exploitation of personal data posed serious threats to credible elections.
The event had the theme: “2027 Election: Defending Democracy in the Era of Disinformation.”
Dosekun said the struggle for credible elections was no longer confined to polling units, noting that digital platforms had become major channels for manipulated narratives, fake news, propaganda and AI-generated misinformation.
According to him, the rapid growth of social media platforms, messaging applications and data-driven political campaigns has created vulnerabilities capable of influencing voter perception and weakening public trust in democratic institutions.
He warned that the abuse of personal data for political profiling and psychological targeting had become one of the most dangerous threats facing democracies worldwide.
“The misuse of citizens’ personal information carries serious social implications, especially for vulnerable groups who may not fully understand how their data is harvested, processed and weaponised online,” he said.
Dosekun noted that coordinated disinformation campaigns could inflame ethnic tensions, spread fear and discourage civic participation, particularly among young Nigerians.
He described the Nigeria Data Protection Act, 2023, as a critical legal framework aimed at protecting citizens against unlawful data processing and digital exploitation.
According to him, the law gives Nigerians greater control over their personal information while placing obligations on organisations, institutions and political actors to handle data responsibly.
Dosekun also called for stronger collaboration among political parties, media organisations, technology firms, civil society groups and citizens to promote responsible digital behaviour ahead of the elections.
He stressed the role of journalists and media professionals in combating fake news, fact-checking information and safeguarding public discourse.
According to him, protecting personal data should not only be seen as a privacy issue but also as a democratic responsibility necessary for maintaining public confidence, national stability and electoral credibility.
Stakeholders at the event emphasised the need for improved digital literacy, stronger regulation and increased public awareness to prevent the abuse of digital platforms during future elections.
E-Business
Anthropic Raises $65 Bn to Expand AI Research, Innovation

Anthropic, artificial Intelligence company, has said that it has secured sixty-five billion dollars in a new funding round, raising the company’s valuation to about nine hundred and sixty-five billion dollars.

The development places the company ahead of its rival, OpenAI, maker of ChatGPT, which was valued at about eight hundred and fifty-two billion dollars earlier this year.
Anthropic, founded by former OpenAI employees and led by Dario Amodei, chief executive officer, has emerged as one of the leading firms in the global Artificial Intelligence industry.
The company is widely recognised for its advanced coding capabilities and generative AI models, particularly its AI assistant known as Claude.
Unlike some competitors focusing mainly on general consumers, Anthropic has concentrated on delivering AI solutions to enterprise and business clients.
The company also says it places strong emphasis on AI safety while expanding its products and services amid growing competition in the sector.
Krishna Rao, chief financial officer of Anthropic, said the new funding would support the company’s research efforts and help meet rising global demand for its AI technologies.
Reports indicate that the investment round attracted major Silicon Valley venture capital firms, including Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital.
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