News
Bloomberg Media Initiative Opens Applications in 3 African Countries

Financial journalists and professionals interested in financial journalism can now apply to the Bloomberg Media Initiative Africa (BMIA) Executive Training Program 2015.
The program, which is funded by Bloomberg Philanthropies, with additional support from the Ford Foundation, brings together the University of Pretoria’s Gordon Institute of Business Science (GIBS) and five other preeminent business and journalism schools in Africa, to offer applicants the opportunity to develop their skills and knowledge about financial reporting.
Leading faculty from the Rhodes University’s School of Journalism and Media Studies in South Africa; the University of Lagos’s Department of Mass Communication and the Pan Atlantic University’s Lagos Business School in Nigeria; the University of Nairobi’s School of Journalism and Mass Communication and Strath more Business School in Kenya will develop and deliver this unique multi-disciplinary training program that combines instruction in public policy, business, journalism, capital markets and data, with an emphasis on democratic values and professional integrity.
Interested parties who possess a recognized tertiary qualification (degree or diploma) and have experience in journalism or a related field are encouraged to apply on www.gibs.co.za/bmiaor email [email protected] for further information.
“The Bloomberg Media Initiative Africa (BMIA) is designed to increase the number of journalists and others able to strengthen the contribution of business and financial media to the sustainable development of Africa,” said Erana Stennett, BMIA Program Director.
“We believe the graduates of this training will be well equipped to make a greater contribution to citizens, public officials and investors, and to transparency, governance and accountability.
The BMIA, which spans three years, is a $10 million commitment launched by Michael R. Bloomberg in 2014 with the aim of building media capacity and advancing transparency, accountability and good governance in Africa.
Speaking at the launch, Bloomberg commented that well-trained financial journalists can have an immeasurable impact in advancing economic and social growth.
Dr. Lucy Voss-Price, program director at GIBS, commented, “This program is a turning point for data-driven financial journalism on the continent. If you want to be one of the most informed, employable and credible business and financial journalists, this course will set provide you with everything that you need.”
The six-month certificate program has been developed primarily for mid-career journalists – especially those with an interest in moving into financial journalism, financial professionals with an interest in financial journalism, government professionals responsible for public policy, communications and banking/financial specialists, civil society and NGO professionals with a stake in communicating of economic and financial data.
Founded in 2000, GIBS is an internationally accredited business school based in Johannesburg, South Africa’s economic hub.
As the “business school for business”, GIBS’ purpose is to significantly improve the performance of individuals and organisations through business education in dynamic markets.
Consistently rated as one of the top business schools in South Africa, in May 2014 GIBS was again ranked among the top business schools globally by the Financial Times in Africa for executive education program.
This is the eleventh year running that GIBS has been ranked among the top business schools worldwide.
In October 2014 the GIBS MBA was ranked among the top 100 business schools globally in the prestigious Financial Times Executive MBA Rankings. GIBS is the only business school in Africa to appear in this ranking.
GIB is accredited by the Association of MBAs (AMBA), the Council on Higher Education (CHE) and is a member of the South African Business Schools Association (SABSA), the Association of African Business Schools (AABS) and the European Academy of Business in Society (EABIS).
On the other hand and launched by Michael R. Bloomberg in 2014, the Bloomberg Media Initiative Africa (BMIA) is a three-year pan-African program that will provide cross disciplinary education programs to strengthen business and economic media capacity, convene African and international leaders to examine worldwide best practices in financial journalism, and improve access to information in order to advance transparency, accountability and governance on the continent.
News
Kaspersky, AFRIPOL Conduct Joint Cybersecurity Training for African law Enforcement

As part of a joint initiative with AFRIPOL, Kaspersky provided cybersecurity training courses for law enforcement representatives from 23 African countries, unfolding the fundamentals of Security Operations Center (SOC) activities and advanced threat hunting techniques.

As cyberthreats continue to grow in scale and complexity, strengthening the technical capabilities of law enforcement agencies has become an important priority worldwide. Through knowledge-sharing programmes, technology companies can contribute practical expertise gained from real-world cyber investigations and threat analysis.
Such collaboration helps equip law enforcement professionals with the skills and tools needed to investigate digital crimes more effectively and strengthen cybersecurity capabilities.
From November 2025 to March 2026, around 40 African officers from 23 countries* received “Security Operations and Threat Hunting” training, provided as part of the cooperation agreement between Kaspersky and AFRIPOL signed in 2024. During the training, African officers gained practical knowledge of Security Operations Center (SOC) activities and modern cyber-defence practices.
The programme covered key aspects of threat detection and incident investigation, including how to identify malicious activity in Windows and Linux environments, analyse attacker tactics, techniques and procedures (TTPs) and use threat intelligence to uncover advanced threats.
As part of the training, a series of online Q&A sessions were organised, providing participants with the opportunity to engage directly with experts and course authors from Kaspersky’s Security Services team. These sessions allowed attendees to clarify complex topics, discuss practical cases and receive additional insights, reinforcing the learning experience and ensuring a deeper understanding of key cybersecurity concepts.
“Cybercrime today is highly sophisticated, borderless and constantly evolving, which means no single organisation can tackle it alone. This is why cooperation and knowledge sharing between the private cybersecurity sector and law enforcement agencies are so critical. Our long-standing collaboration with AFRIPOL demonstrates the value of this approach.
“Over the years, Kaspersky and AFRIPOL have worked together to better understand the cyberthreat landscape across Africa and to support international efforts aimed at disrupting cybercrime. By continuing to invest in training and capacity building, we aim to support law enforcement professionals with the expertise they need to investigate digital crimes effectively and contribute to building a safer and more trusted digital environment for everyone,” says Yuliya Shlychkova, Vice President, Public Affairs, at Kaspersky.
“Strengthening the capabilities of law enforcement agencies is essential to effectively address the growing complexity of cybercrime across the African continent. Initiatives such as this training programme play an important role in equipping officers with the practical skills needed to investigate cyber incidents, analyse digital evidence and respond to emerging threats.
“Cooperation with partners from the private cybersecurity sector, such as Kaspersky, helps law enforcement agencies stay informed about the latest threat trends and investigative approaches.
“We highly value this collaboration and the opportunity it creates to further develop the cybercrime response capabilities of AFRIPOL member countries,” says Dr Mohammed Benaired, Head, Training and Capacity Building Division at AFRIPOL.
In 2024, to further enhance global efforts to combat cyber offenses, Kaspersky and AFRIPOL signed a cooperation agreement in preventing and fighting cybercrime.
Covering a period of five years, the document formalises and facilitates cooperation between the company and the law enforcement agency in sharing threat intelligence data on the latest cybercriminal activities and entails the provision of assistance and know-how in information security analysis.
Kaspersky Expert Training is used by numerous organisations and academic institutions to advance their skills in battling against cybercrime. Since the inception of this online training programme, Kaspersky experts have trained more than 3,000 specialists from 50 countries around the world.
Providing their expertise with 12 educational courses, they share their insights on advanced tactics and strategies in Reverse Engineering, Threat Hunting, Incident Response and more – each divided by the level of students’ experience.
News
Nigeria Spends $470m on AI-powered Surveillance Devices- Report

Nigeria has emerged as the largest investor in artificial intelligence-driven surveillance systems on the continent, committing over $470 million to advanced monitoring technologies, according to a new report.

Pic credit…bokysee.com
The study found that Nigeria, alongside 10 other African countries, has collectively spent no less than $2.1 billion on AI-powered surveillance infrastructure.
AI-powered surveillance devices represent a significant shift from passive recording to active, real-time monitoring and threat detection
The study, described as the most comprehensive account of smart city surveillance in Africa, examined deployments in Algeria, Egypt, Kenya, Mauritius, Mozambique, Nigeria, Rwanda, Senegal, Uganda, Zambia and Zimbabwe.
These investments include facial recognition systems and automatic number plate recognition tools aimed at strengthening security and urban monitoring.
The report, titled “Smart City Surveillance in Africa: Mapping Chinese AI Surveillance Across 11 Countries,” was produced by the Institute of Development Studies and released in March 2026.
It highlights Nigeria’s position at the forefront of adopting smart surveillance technologies, reflecting a broader trend across Africa where governments are increasingly turning to AI solutions to address security challenges and improve urban management.
“This level of expenditure translates into an average spend in the region of $240m per country.
“Nigeria alone has documented public expenditure of $470m AI-enabled facial recognition and ANPR, making it the continent’s largest buyer of smart city surveillance technologies,” the report stated.
“In all cases, we know that the real total is significantly higher because surveillance spending is often secret; no figures were available for two of the 11 countries studied; the public accounts for the other nine countries were incomplete; and this study included only 11 of Africa’s 55 countries,” the researchers noted.
The report said most of the surveillance infrastructure deployed across the countries was supplied by Chinese firms and financed through soft loans from Chinese banks.
“The Chinese safe city surveillance package is typically financed by soft loans from Chinese banks.
“A typical package involves a loan of $250m from Eximbank tied to the purchase of surveillance cameras from Hikvision and a command and control centre built and serviced by Huawei or ZTE,” it said.
The report explained that the packages usually include thousands of smart closed-circuit television cameras capable of transmitting geo-located facial recognition and vehicle number plate data in real time.
“The Chinese safe city package typically includes installing thousands of smart CCTV surveillance cameras, which transmit geo-located facial recognition and car number plate data in real time for analysis using artificial intelligence at dedicated data centres that serve as command and control facilities for police and security operatives,” the report added.
The study further revealed that China supplied smart city surveillance technologies to all 11 countries reviewed, while South Korea and Russia supplied three countries each, and the United Arab Emirates supplied two.
It added that the actual spending across the region could be significantly higher due to secrecy around surveillance budgets and incomplete public financial records.
News
Metaverse Collapses, Horizon Worlds Shuts Down on Quest

The metaverse, championed by Meta (formerly Facebook) in 2021, has largely collapsed due to low user adoption, technical limitations, and massive financial losses exceeding $80 billion.

Mark Zuckerberg
Meta is shutting down its flagship VR platform, Horizon Worlds, in June 2026, marking a major shift toward AI and mobile-first strategies.
The app will be removed from the Quest store on March 31 and discontinued in VR by June 15, continuing only as a mobile service.
Horizon Worlds, launched in 2021, was central to Meta’s rebranding from Facebook and its vision of a fully immersive virtual environment.
Despite billions in investment and high-profile partnerships, the platform failed to attract a large user base and struggled with design limitations and weak engagement.
Reality Labs, the division behind the metaverse push, has accumulated nearly$80 billion in losses since 2020, including more than$6 billion in a single quarter.
Recent layoffs affecting around 10 percent of the VR workforce, along with the shutdown of related projects, underscore a broader pullback.
Competition and shifting priorities have accelerated the decline.
Rival platforms such as VRChat maintained stronger communities, while Meta increasingly redirected resources toward AI and hardware, including its Ray-Ban smart glasses.
Although Meta says it remains committed to VR, the closure of Horizon Worlds signals a strategic reset.
The company is repositioning its future around AI-driven products, marking a decisive shift away from its earlier metaverse vision.
E-Financial1 day agoDLM SPV PLC Lists ₦9.00bn AAA-Rated Medium-Term Notes on FMDQ Exchange, Sets Benchmark in Corporate Bond Market
E-Financial2 days agoCBN Wins Central Bank of the Year Title @13th Global Awards
General News2 days agoTech Firms Sack over 45,000 so Far in 2026
News2 days agoMorney Launches in Nigeria as E-invoicing Drives Finance Digitisation
General News2 days agoJury Finds Elon Musk Liable for Misleading Twitter Investors
General News2 days agoRockefeller, Global Energy Alliance Cross $100 million Mark in Africa Electrification Push
Telecom2 days agoFG Taps Quest Merchant Bank for Advisory on 90,000km Fibre Project
News2 days agoDr Krishnan Ranganath to Lead UniCloud Africa in Continental Digital Infrastructure Push













