E-Business
Africa Found Wanting on Cyber Crime Preparedness

That’s one of the biggest takeaways from the 2019 KnowBe4 African Cyber Security Report which surveyed over 800 respondents across SA, Kenya, Nigeria, Ghana, Egypt, Morocco, Mauritius and Botswana.

According to the report, 65% of respondents across all eight countries are concerned about cyber crime. However, KnowBe4 says they are vulnerable, as they are not aware of what they don’t know.
“From ransomware to phishing to malware and credential theft, users are not protecting themselves adequately because they mistakenly think they’re informed, ready and prepared. Around 55% believe that they would recognise a security incident if they saw one,” says KnowBe4.
“The results proved that respondents’ confidence was based on the little they knew about cyber attacks and it is where the problem lies. Africans are not prepared for these threats, making them increasingly easy preys to cyber-criminals,” says Anna Collard, MD of KnowBe4 Africa.
“Many criminals consider Africa a safe haven for their illegal operations, as many African governments need to attend to other pressing issues such as fighting poverty, unstable politics, violent crime and large youth unemployment and still regard cyber security as a luxury, not a necessity.”
The report says in many organisations, cyber security budgets are reported to be less than 1% of overall spend or are non-existent.
Skills shortage
Africa also faces the problem of a serious skill shortage of security professionals as well as a lack of awareness and skills among the general user population to protect them online.
Collard adds that many African Internet users are connecting to the Internet for the first time and “with the sharp increase in the next few years, you are looking at millions of people connecting without understanding the risks”.
Another reason why Arica is attractive to cyber criminals is the lack of legislation and law enforcement.
According to a report by the African Union, only about 20% of African states have basic legal frameworks to deal with cyber crime.
Kenya, SA and Mauritius are probably the most advanced in this regard and Nigeria is coming up fast, says KnowBe4.
The survey found that even though nearly half of respondents across all eight countries felt that their organisations had trained them adequately, a quarter of them didn’t know what ransomware was.
For South Africans, a worrying 31% thought that a cyber threat that encrypts files and demands payments was a Trojan virus and 27% of Kenyans agreed. More than 50% of respondents are not aware of what multi-factor authentication is or the benefit thereof.
E-mail trust
E-mail security is one of the biggest threats facing the average user, both at work and at home, and it is one of the most common communication methods – more than 70% of those surveyed use e-mail to collaborate with friends and colleagues.
“Most people don’t realise what a risky e-mail looks like or how their actions can result in their systems becoming infected,” the report says.
“While more than half of respondents in Botswana, Egypt, Kenya, Ghana, Morocco and Mauritius have enough security smarts to avoid clicking on links or opening attachments they don’t expect, 46% still trusted e-mails from people they knew,” it notes.
In SA, more than half of respondents (52%) trust e-mails from people they know, while 50% don’t open attachments they have not expected.
“E-mail remains one of the most successful forms of cyber attack today for this very reason,” says the report.
“People are quick to click on links or attachments sent to them from people who they know, not realising that cyber criminals have potentially hacked or spoofed (impersonated) their friend’s, colleague’s or suppliers’ systems to spread malware, or launch other forms of attacks.”
It explains that cyber criminals can easily mimic contact lists or use e-mail addresses that look as if they’ve come from trusted institutions, and a simple click can unleash a ransomware attack that can hold an entire company, government or home hostage.
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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