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South East Technology Ecosystem Requires Courageous Investors- Anika

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Nnamdi Anika is the managing director, Genesys Tech Hub, by Tenece Professional Services, and a twin-purpose Technology Hub that serves as a talent refinery and innovation incubator for young minds in all technology-driven sectors of the economy, with focus mainly on startup ecosystem in South East, Nigeria.

Located in Tenece’s state-of-the-art Eastern Regional Hub in Enugu, which is designed to support and equip its residents – who are mostly budding entrepreneurs – with sophisticated tools for unearthing the most formidable startups, Genesys Tech Hub represents an oasis of technology in the region. Anika, the managing director, Genesys Tech Hub, Enugu State, in a chat with select technology reporter in lieu of the just concluded GenesysIGNITE, shares the idea behind establishing the Hub. Peter Oluka was there for Nigeria CommunicationsWeek

Can you speak briefly on Genesys Tech Hub’s key focus areas?

Genesys Tech Hub is what we call ideas, creativity and knowledge-based platform. It is designed to drive innovation and productivity in the South East, and Nigeria at large. Our focus is on undergraduates and earlier graduates. The Hub is designed to serve three main purposes; first, it is a centre of learning and development that is tilting towards mitigating the areas of digital divide in this region. In that regard we created- Codename: Learnable. Essentially, it is a six months internship/bootcamp. Most of the participants are drawn from undergraduates who are undergoing internship or Industrial Attachment Training (IT) programme.

The second programme is focused on creating enabling environment for startups. The idea is to expand their horizons, give them access to market and resources that may not be readily at their disposal. In this regard, we created a division called Genesys StartZone. It is simply our incubation programme; where we expose young startups to business mentoring, exposing them to some resources like legal support. The idea, for us, is to make sure that these startups get to a point they are matured to exist and run as independent business.

The third division serves as the nucleus of community of smart-young technology enthusiasts; these are talented individuals who are going to lead the tech revolution in the ecosystem, our region and Nigeria as a whole. That led to the creation of Agora.

How will these programmes and others in the offing help position startups for greater impacts?

The way we are running the system currently and based on the resources at our disposal, we try to take things in bits. We intend to upscale, accommodating as many as possible. We are aware that what we are doing is scratching the surface; there is a lot to be done. But in the last three years we have focused on undergraduates and fresh graduates. This has been the case because we have access to over 19 tertiary institutions based; it is based on our business model which we expect to impact the region even more in few years time.

Why South East? Why Enugu?

From a personal perspective, I grew up in this region. My undergraduate programme was the University of Nigeria Nsukka (UNN), before travelling to London School of Economics for my Master programme. So, from the onset there has been an observation. If you look at the peers around, upon graduation everybody is in a hurry to move to Lagos. For me, I have always thought that economies don’t grow in pockets.

To grow your economy, there must be diversification. Therefore, every region should have niche and create an ecosystem, such that, as people are graduating they can see an area capable of propelling the career. From that perspective, I always thought we need to do something. We can’t all keep running to Lagos.

As I was returning from UK, after my graduation, I had a lot of job offers from Lagos and Abuja. But I decided that I have to be in Enugu; somebody has to be here, working hard to ensure that our people have more opportunities. We have to diversify this economy.

I look at Lagos as an example and I am always like life’s expectancy rate is dropping; people are wake up at odd hours just to overcome traffic hurdles. Now is the time to spread the economy. From that perspective and attraction, I align with the saying ‘charity begins at home’. If you are looking outside Lagos, what comes to mind is the environment where you understand the terrain and the needs.

Then, if you look at Enugu, it has the most tertiary institutions in the regions- both private and public universities. It has the best access; very easy to access Ebonyi State, Anambra, Abia, Imo and others. It is central and it the international airport is a value addition.

It remains the capital of South Eastern region. In terms of infrastructure, you will see that Enugu is also leading in the park. It is the central point to create the Hub. At the end of the day, you intentions can’t be materialised if focused in one direction, but we need to have a base from which we can spread out.

Majority of the young people believe if it is not Lagos then you can’t make it. How is Genesys Tech Hub going to help them change the mind-sets, especially among the undergraduates?

We have started in a number of ways. The idea is to create a platform and enabling environment or a structure that can fertilise ideas (which is why many rush to Lagos). If you have such platform, then, why not stay back here and try it out. We are making this happen through the effort of our parent company Tenece Group. The business environment, especially, in the South East has proven there are a lot of opportunities here. We have over 200 staff in Genesys who may have desired to go to Lagos, searching for job. Genesys is on a pacesetting mission; such that people can observe us and see reasons to stay back here. The first things this Hub shows: it is possible.

The Hub is trying to create a sort of exposure to the undergraduates. There are different ways to build a system- some are meant to follow the system and learn along the way or you can actually create something, make yourself a leader for others to follow.

We have realised that it is doable and we are scaling it up. There are pockets of activities going on in the region requiring aggregation. Such way, key stakeholders gather, discuss the realities and show there is hope for this region by making a spark. That was the basis for GenesysIGNITE.

It was like getting more people to appreciate our startups and create platform for Government and private sector (that is the established technology related OEMs- Google, Microsoft, Nokia, etc.) to add value to what we are doing. Someone has to provoke that thought in these OEMs that there is more to Nigeria than Lagos. That is how we can make technology thrive in this region. We are looking at igniting the whole technological evolution in this region.

What are the intentional steps for a larger scale of conversion and restructuring the South East startup ecosystem?

What I have observed is that, in life, there are different approaches to solving a problem. There are textbook approaches, but the reality is that you can only take one step at a time. It is not easy to change peoples’ perception or make them align with a carefully designed roadmap. The first crucial step is creating a platform for people to understand that this thing can be done here. Create opportunity for them to meet others who have gone similar circle. They (the startup) need to understand why some people failed and other succeeded. Where they government policies that caused this? Is it because Lagos is the commercial city and naturally most things aggregate towards smart city. Are there conscious or deliberate things that the government and private individuals can do to reduce the pressure on Lagos? I have a lot of friends who are eager to come back to Enugu because people are risk averse. So, someone needs to enlighten the startups in the region; you can either be a leader or a follower.

Tenece has set the pace and I can promise you that a lot of organisations are encouraged by the Tenece’s story. The truth is that it is not going to happen in a day, we need to continue to create platform for this discourse and build the necessary infrastructure and systems to be able to impact the region. I was in a conversation with a friend, and he insisted, it is generally difficult to change the mentality of Nigerians.

So, he suggested that as new babies are born we need to create a space and start feeding them with the right information when you are used to a pattern it is usually difficult to break it. Some people are still querying me: guy, what are you doing in Enugu? However, we all recognise there is a problem, thinking or tilting towards the same pattern will not do us any good. We need courageous people, which is the idea behind what we are doing. We can’t run away from empowering our people; create supportive platforms.

Personally, supports shouldn’t always be financial. But the reality is that some people need those things to set up. We are working hard to see that happens. Our people like success stories; they believe in what they see, not visionary in most cases and that is the people. They want to ‘see and touch’ before believing. So, we want people to see that Genesys is not just another outliner. If you think so, what happens to TutorFinder or is it an outliner too? PlayJoor or House of Uwe, are they outliners too?

The GenesysIGNITE has also thought us that we need to get everybody involved. The platform is expanding beyond just ‘Genesys event’. Experience matters, so that they can talk to the young people. On our part, we are determined to back-up anything we say with action, such that the young people will see this is not just the usual talk and go. Daily, I see startups springing up in the South East.

This wasn’t the case about a year ago. To me, what has happened to Nigeria is that our over dependence on oil has exposed us. Today, everybody is sitting back to rethink and be more creative. One artiste sang ‘Owu saa gi, I ga-amalu ihe o’ (meaning, when you are broke, you become smarter). So, sometimes you need to be pushed to the wall. What we are trying to do is to see how we can reduce the gap and the timeline for this change to materialise. We don’t have all the answers, but consciously taking the steps to make things right. People are frustrated, even in Lagos.

How will GensysIGNITE assist in tackling startups waste in the region?

At the end of the day, which is what matters a lot, you can only execute a project as much as your strength can carry you. What we are trying to do is create a spark. With regards those that couldn’t get the $10,000 cash prize at the recent event, all hope is not lost. For instance, after the convergence some people walked up to me asking for database of the startups that pitched. Others said they didn’t hear the about the event on time. You may not believe this, all this was planned within a month. The idea came as a flash.

We just told ourselves there is need to do this. It was an eye opener. If you call for another pitch today, we will receive over 1000 pitches. The recent GenesysIGNITE had 147 pitches and it was due to time constraints; we reduced the number to nine who were exposed to external judges to bring about fairness and harness different opinions. I am a proponent of one step at a time, but make sure that at every second you are making progress. The idea behind IGNITE was to get more venture capitalists, and other interested investors to see that these startups exist and see how they can get involved. The spark will cause many successes among the startup ecosystem.

What are the plans to sustain GenesysIGNITE?

We believe what we have done has actually shown people there are a lot areas seeking solution. We believe people (and the Government) are going to come in and ask where and how to get involved. I remembered the first time I met our CEO, Mr. Kingsley Eze. One of the things that made me to align with him is the passion for the development of young people. Nobody can take this step without the passion. There are lot of people with similar passion but lack ideas on how and where to channel the intentions.

They are looking for structure to channel that. So, this has created the right pulse for stakeholders (government and private sectors) to come together; we are already getting feedbacks. Genesys is lucky to have Tenece as support system, but the truth is that we need more of Teneces to get involved. There are different means through which organisations can add value. As you are dwelling on your passion, a time comes that you need to partner to achieve greater impacts. In fact, during one of sessions after IGNITE, we agreed that a day is not enough for event of such magnitude. But as an inaugural event it served the purpose- to gather passionate people to carve a tech niche for the region. We can make South East one-stop (technology) attraction, not only from the Nigerian perspective, but at the global stage.

What has Genesys Tech Hub has been doing in the last three years of (structural) existence?

When you are engaged in a process, as you process you seek better ways of doing things. We started off with the internship programme. It was designed, not just a technical based training. We have structures for business entering programme. Each session ends with a bootcamp. From the onset the startup will understand they need to start looking at the environment and business ideas selling to the market. Towards the year, we usually have an exhibition where people pitch their ideas. While the pitching sessions are on you see the business sense of certain ideas, then, we go back and think of how to turn this to an acceptable ‘product’.

We also realised there are high techies that are not interested in business. They just want to build things based on latest trends- is it Artificial Intelligence, there are coming up with good ideas, but they are focused on the business side. So, we want to create a business side where these guys are opened to the opportunities. That was how Agora was initiated.

The Agora is still young; StartZone started last year and we have a product launched at the exhibition called ParkShop- which is almost ready to go into the market. It is an auto-spare parts market place. There are other startups showcasing. We have three startups incubating in StartupZone and they all came from the internship programme. Aside in-house instructors, we leverage partnership with OEMs to get other instructors.

How would you assess the quality of undergraduates coming for internship or fresh graduates who seek mentorship?

Truly, the government needs to pay attention to the educational sector. To achieve whatever mileage we desire, as a country, we must pay attention to the deteriorating educational sector. We probably don’t know how bad it is. I understand passion in teaching because as someone who grew up in the university environment I saw how my dad prepared for classes and how he carried the students along. I can’t tell how we lost it! I don’t think you should teach because you are smart, or because it’s the last resort. If you don’t have the passion, don’t get in there.

The passionate teachers don’t end up in the classrooms rather contribute further by engaging in research and development (R&D). The change should start from the basic education and even the way we (parents) teach our children. There is need for a teaching pattern that encourages people to explore their passions. We should stop all this long division, and flogging a child because h/she couldn’t solve a problem. We should deploy education that supports more of practical than theoretical learning.

For instance, when we are looking for basic skills before accepting an applicant, most of them are developed through self-help. Others would go out their way to approach people (in the industry) who have those skills, even when they are students. We must change our facilitators in these schools and revamp the curriculum to give room for productivity.

Do you think Startups (in South East) should focus on software or hardware or both)?

I think the world is changing; the world is gravitating around two things: renewable energy and artificial intelligence. We must make ourselves ready to become a global market in the technology space, specifically on artificial intelligence.

Future Plans for Startups at Genesys Tech Hub

We are looking at building hostels with adequate facilities to create a relaxed environment. Presently, the startups have to move to town, get what they want and come back. But in the next two to three months, the hostels should be ready so that if you are tired you can relax there and come back. This is actually what they want- there are swimming pool, sports centres and other facilities, so they don’t have to go to town before they can enjoy these things. In fact, some of them wouldn’t mind working for whole day, but we have to, at a point, force them to get refreshed.


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E-Business

Why JustMarkets Is a Strong Choice for Gold Trading

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Over the past four years, gold has risen by more than 400%. The precious metal has long been one of the most traded assets in global financial markets. From its role as a traditional store of value to its sensitivity to inflation, interest rates, and geopolitical uncertainty, gold continues to attract traders seeking efficient and predictable trading opportunities during a period of global uncertainty and high volatility.

Why JustMarkets Is a Strong Choice for Gold Trading

JustMarkets

For traders looking to effectively access gold markets, choosing the right trading environment is as important as timing their entry. One of the most popular and effective gold trading platforms is JustMarkets, offering the tools, conditions, and infrastructure to enable traders to achieve their most ambitious gold trading goals.

Tight Spreads on XAU/USD

Cost efficiency is a critical factor in gold trading, especially for active day traders. JustMarkets offers extremely competitive XAU/USD spreads, allowing traders to open and close positions with reduced transaction costs. Lower spreads can significantly impact short-term strategies, where precision and timing are key to effectively entering a trade. By minimizing trading costs, JustMarkets helps traders focus more on market analysis and finding the ideal entry point, and less on overhead.

Fast and Reliable Execution

Gold is recognized for its volatility, especially during the day, especially with economic announcements or geopolitical events. Speed is of the essence in volatile markets. JustMarkets provides high-speed execution of orders, which helps minimize the risks of delays, especially during periods of high volatility. This ensures that traders are able to respond better to market conditions, thereby having better control over trade management.

Flexible Trading Conditions

Each trader has their own approach to gold, ranging from intraday trading to position trading. JustMarkets offers flexible leverage and account types, enabling traders to adjust their exposure based on their risk tolerance and trading style. This flexibility is suitable for both conservative and aggressive traders while still allowing them to access the same global gold market.

Advanced Platforms and Tools

Successful gold trading is based on thorough technical and fundamental analysis. JustMarkets provides access to industry-standard trading platforms equipped with advanced charting tools, multiple timeframes, and a wide range of indicators for recognizing divergences and clear entry points. These features help traders analyze price trends, identify key levels, and plan their trades with greater confidence.

Accessibility via mobile devices and computers via the JustMarkets Mobile Trading app also ensures traders can monitor positions and market movements from anywhere and at any time.

Education and Market Support

Gold is also affected by factors such as inflation rates, central bank policies, and currency fluctuations. Understanding these factors is important for developing a structured trading strategy.

JustMarkets offers resources for traders, which provide information on how global events can impact the price of gold like case studies, daily, bank and weekly analysis. This is a knowledge-based system, which enables the trader to make more informed decisions rather than relying on the price movements of gold.

Trading Activities That Keep Gold Traders Engaged

In addition to the competitive trading environment, JustMarkets also runs various special activities and campaigns that aim to make the trading experience more interesting. At certain intervals, the special activities may include trading contests on specific trading instruments, such as gold, which are highly sought after by traders. This will give the traders an added impetus to keep trading.

The special activities are designed to encourage trading, consistency, and skill-building among the traders, along with the additional motivation for the trading strategies. This is also in line with the overall philosophy of JustMarkets to create a dynamic trading environment where trading, learning, and motivation are linked together.

A Trading Environment Built for Gold Traders

Gold is still one of the most dynamic markets with the greatest number of opportunities in the world. With tight spreads on XAU/USD, fast execution, flexible trading terms, and access to advanced analytical tools, JustMarkets creates an optimal trading environment for those who want to trade gold efficiently.

In addition to the comprehensive educational assistance, JustMarkets continues to position itself as a strong competitor for traders who are looking for professional trading conditions combined with growth opportunities.


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Microsoft Expands Africa AI Push while DeepSeek Gains Users

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Microsoft is stepping up its push to expand artificial-intelligence adoption across Africa as competition intensifies with Chinas DeepSeek for influence in one of the worlds youngest and fastest-growing digital markets.

Microsoft Expands Africa AI Push while DeepSeek Gains Users

The company plans to train 3 million Africans on its AI technologies this year through partnerships with schools, universities and other institutions, with a focus on South Africa, Kenya, Nigeria and Morocco.

The effort reflects Microsofts broader attempt to accelerate adoption of its AI ecosystem across emerging markets where developers and enterprises are increasingly experimenting with generative AI tools.

Alongside the training initiative, Microsoft is working with MTN Group (MTNOY), Africas largest telecommunications company, to distribute Microsoft 365 and its Copilot digital assistant to about 300 million subscribers.

The Elevate program is designed to expand AI literacy and reduce cost barriers that might otherwise limit adoption, according to regional leadership.

The push comes as Chinese technology firms expand their footprint across the continent, with DeepSeeks open-source models accounting for roughly 11% to 14% of chatbot use in several African markets and reaching about 20% in countries such as Ethiopia and Zimbabwe following investments tied to digital infrastructure and telecom networks.

Microsoft is also increasing its infrastructure investment in the region.

In South Africa, the company plans to invest 5.4 billion rand, or about $330 million, to expand its cloud and AI capacity by the end of next year, while it is also exploring plans for a geothermal-powered data center in Kenya.

Early corporate adoption is emerging across the continent, with South African grocer Spar Group using Copilot in ways that save more than 700 employee hours annually and Nigerias Access Holdings integrating AI into daily workflows.

Regional leadership has suggested broader AI adoption could potentially contribute up to $1.5 trillion to Africas gross domestic product by 2030 if governments and businesses continue investing in digital infrastructure and AI skills.

 


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Kaspersky Uncovers a New Android Malware Campaign Disguised as Starlink Application

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Kaspersky Global Research and Analysis Team (GReAT) has uncovered a new Android malware campaign in which cybercriminals distributed the BeatBanker Trojan under the guise of the Starlink application for Android.

Threat actors primarily target users from Brazil; nevertheless, Kaspersky experts don’t rule out that users from other countries may also face this threat.

The Trojan employs a Monero cryptocurrency miner and additionally installs a BTMOB remote administration tool (RAT) on the infected devices. To maintain its persistence, BeatBanker uses an uncommon mechanism involving a nearly inaudible looped audio file.

“At first we saw BeatBanker being distributed under the guise of a public services app; it installed a banking Trojan in addition to a cryptocurrency miner. However, our recent detection efforts uncovered a new campaign with another BeatBanker variant that deploys the BTMOB RAT instead of the banker module.

The attackers appear to be using a fresh lure with the Starlink app to reach more victims from different countries. Therefore, it is important for users to stay vigilant and use advanced solutions to protect their smartphones,” comments Fabio Assolini, Head of the Americas & Europe units at Kaspersky GReAT.

Initial vector of infection

Kaspersky experts believe that cybercriminals distribute a fake Starlink application containing the BeatBanker Trojan through phishing pages that mimic the Google Play Store. After execution on a compromised device, the Trojan displays a user interface that also mimics Google Play. Cybercriminals trick victims into granting installation permissions, thus allowing the download of additional hidden malicious payloads.

Crypto mining and BTMOB RAT module

When a user clicks UPDATE on the fake Google Play page, a Monero cryptocurrency miner deploys. BeatBanker monitors battery percentage and the temperature of an infected smartphone, as well as user activity after which a hidden cryptocurrency miner is started or stopped.

The Android Trojan also installs a BTMOB RAT on the compromised device. BTMOB enables full remote control and is sold as Malware-as-a-Service.

It is capable of automatic granting of permissions, hide system notifications and has mechanisms designed to capture screen lock credentials, including PINs, patterns and passwords on compromised devices. The malware also gives cybercriminals access to the front and rear cameras, GPS location monitoring and constant collection of sensitive data.

To ensure persistence and hinder uninstallation, BeatBanker maintains a fixed notification in the foreground and activates a foreground service with silent media playback. This tactic is designed to prevent the operating system from removing the malicious process.

Kaspersky’s products detect this threat as HEUR:Trojan-Dropper.AndroidOS.BeatBanker and HEUR:Trojan-Dropper.AndroidOS.Banker.*.

 


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