News
DDoS Attacks Up by 300% in Africa Since 2019

Distributed denial-of-service (DDoS) attacks in Africa have increased by 300% in 2021, compared to the same period in 2019. The continent experienced a similar spike in February 2020, coinciding with global COVID-19 related lockdowns.

This is according to pan-African ICT service provider Seacom which added that with the unprecedented shift toward online working, cybercriminals have had access to a larger attack surface and more vulnerable home networks.
Unfortunately, this surge in attacks shows no sign of slowing down, the company stated.
“A DDoS attack is a type of targeted cyberattack on servers and networks that takes advantage of the specific capacity limits of network resources. The attackers will send multiple requests to a network, such as a company’s website, with the aim of overwhelming the network and saturating traffic volumes.
“This causes the network or services to stop functioning, making it inaccessible to normal users, as well as more vulnerable to further attacks,” said Seacom.
The company added that Africa experienced 382,500 DDoS attacks between January and July 2021. Of these, a massive 59% took place in Kenya and South Africa.
While South Africa experienced fewer attacks in 2021 than in 2020, there was still a sizeable 188% increase in attacks in 2021 compared to 2019.
Kenya, alternatively, saw a staggering 2400% increase in attacks in 2021 compared to the same period 2019. It’s clear that the tech-focused nations of Kenya and South Africa are taking the brunt of the onslaught. And, what should probably come as no surprise, the information services industry has been particularly impacted.
Increased cyber threats
According to a report by McAfee Enterprise and FireEye, Cybercrime in a Pandemic World: The Impact of COVID-19 , during the pandemic, 81% of global organisations experienced increased cyber threats with 79% experiencing downtime due to a cyber incident during a peak season.
In South Africa, the threat was even greater, with 90% of organisations experiencing increased cyber threats during COVID-19, and 85% of them experiencing down time due to cybersecurity risks during peak seasons, such as Black Friday, and the retail high season ahead of Christmas.
“It is imperative all businesses prioritize security technology to keep them protected, especially during the peak holiday season,” said Bryan Palma, CEO of the newly combined company. “Ninety-four percent of IT professionals want their organisation to improve its overall cyber readiness. Businesses must do more and need an intelligent security architecture for managing today’s sophisticated threat landscape.”
Across the continent, 78% of all DDoS attacks that took place this year were targeted at this sector. Other affected industries include professional, scientific and technical services, finance and insurance, manufacturing, as well as retail trade.
What does this mean for business?
Seacom has asserted that DDoS attacks have a significant impact on businesses and can result in data breaches, financial losses due to recovery costs, downtime for critical business functions, and even loss of business reputation.
As cybercriminals continue to develop and discover new attack vectors that exploit vulnerabilities exacerbated by the pandemic, it is crucial for businesses to ensure that they can adequately protect their IT infrastructure – or find managed services with the security expertise to do it for them.
Service providers and security experts are rising to the occasion to mitigate these increasing threats.
Seacom recently partnered NETSCOUT, a leading provider of cybersecurity, service assurance, and business analytics, to roll solutions out in Africa.
Steve Briggs, Chief Sales and Marketing Officer at Seacom, said, “While many businesses are in the process of undergoing rapid digital transformation, cyberattacks are also reaching record-breaking figures in 2021.
Fortunately, even as cyberattacks become more sophisticated year-on-year, so do the means to protect against them. Now, it is more important than ever for businesses to take a proactive, rather than reactive, approach to cybersecurity.”
News
Access Holdings Sets New Benchmark in Nigeria’s Finance Talent Pipeline

New data from CFA Society Nigeria is reshaping how the country’s financial sector thinks about talent development, with Access emerging as the single largest source of CFA candidates in Nigeria, distinction industry watchers say signals a deeper shift in how leading institutions are building investment expertise from within.

In its Where Nigeria’s Finance Professionals Work series, published in a national daily, CFA Society Nigeria placed Access first among employers of CFA candidates nationwide, with 82 candidates enrolled in the programme, more than double the 38 recorded at the next-placed institution and well ahead of every other bank or financial services firm on the list.
Access also ranked second among employers of CFA charterholders, with 11 professionals who have completed all three levels of the Programme and met its experience and ethics requirements.
For an industry that has long measured itself by balance sheet size and branch count, the rankings point to a different kind of competition: one over who is building the deepest bench of certified, globally credentialed talent.
CFA Society Nigeria compiled the data from its Salesforce Membership Database as at June 2026, and described the exercise as a way of recognising employers whose people “bring rigour, integrity and global best practices into the workplace every day.”
Analysts following the sector say the outcome is notable less for the ranking itself than for what it suggests about talent strategy across Africa’s financial services industry. A single institution developing more aspiring charterholders than the rest of the market combined raises the floor for professional standards nationally, not just within one balance sheet.
Every candidate who advances through the CFA Programme adds to a shared pool of ethics-trained, analytically rigorous professionals that Nigeria’s capital markets, pension funds and asset managers all eventually draw from.
Access Holdings Group Chief Executive Officer Innocent C. Ike, commenting on the rankings, framed the achievement in terms of institution-building rather than recruitment: “Every candidate on that list represents our commitment to building institutions and professionals that endure.”
The remark echoes a broader thesis increasingly voiced by market observers, that talent depth, not scale alone, is what will determine which African financial institutions earn lasting global credibility.
That distinction sits at the centre of Access’s stated ambition to become the World’s Most Respected African Financial Services Group. If the CFA numbers are any indication, the Group’s route to that goal runs less through square metres of branch network and more through the calibre of the people sitting inside it, a bet that Nigeria’s finance professionals, and the institutions that will one day hire them, are already placing alongside Access.
News
NCAA to Introduce RFID Technology to Tackle Missing Luggages

Nigeria Civil Aviation Authority (NCAA) has announced plans to introduce Radio Frequency Identification (RFID) baggage tracking technology across domestic and international airport terminals to tackle the growing problem of delayed, misrouted and missing luggages

Michael Achimugu, director, Public Affairs and Consumer Protection, NCAA, disclosed this at a stakeholder engagement forum in Lagos.
Achimugu said the RFID-enabled system would replace the traditional barcode-based baggage tracking framework and provide airlines and passengers with real-time visibility of checked luggage from check-in to final collection.
According to him, the technology would improve baggage traceability, reduce mishandling and strengthen accountability across the baggage-handling chain.
Unlike conventional barcode systems, RFID technology allows baggage to be automatically scanned at multiple points without requiring direct line of sight, enabling real-time tracking of luggage throughout its journey.
Achimugu said issues involving short-landed, missing, lost or damaged baggage had remained among the major complaints from air travellers, alongside flight delays.
He said the introduction of RFID technology was therefore aimed at improving baggage-handling standards and restoring passenger confidence in the aviation sector.
The NCAA said the initiative also aligns with IATA Resolution 753, which requires airlines to track baggage at key points during the passenger journey.
The authority expects the technology to provide more accurate information on the location of luggage, facilitate quicker resolution of baggage-related complaints and improve the overall passenger experience.
The NCAA said the initiative would also strengthen accountability among airlines and other stakeholders involved in baggage handling at Nigerian airports.
News
Firm Urges MSMEs to Increase Digital Payments Adoption for Growth

eTranzact International Plc has called for increased adoption of digital payment solutions among micro, small and medium enterprises (MSMEs), saying access to technology is critical to improving business efficiency, financial inclusion and growth.

The company also said it was deepening its partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to expand digital access and financial literacy among small businesses across the country.
In a statement, the Divisional Head, Merchant Services, eTranzact, Mrs. Abimbola Reis, stated this at the SMEDAN/eTranzact Town Hall Engagement in Lagos recently, themed, “Financial Literacy and Inclusion for MSMEs Leveraging on Fintech Innovation.”
Reis described MSMEs as the backbone of Nigeria’s economy, noting that the sector comprises almost 40 million businesses and contributes significantly to economic growth and job creation.
However, she said many businesses continue to face challenges including limited access to finance, inefficient payment systems, weak financial reporting, cash-flow constraints and inadequate access to digital platforms.
She added that trust concerns also affect businesses’ ability to access finance, while heavy reliance on cash increases exposure to theft and makes payment reconciliation more difficult.
Representing the Director-General of SMEDAN, Prof. Yinka Fisher said the town hall was aimed at generating practical ideas and solutions that would support the growth and expansion of MSMEs.
“The essence of this engagement is to share ideas and concepts that will help MSMEs thrive and expand. Our partnership with eTranzact is about expanding the frontiers of MSMEs and ensuring they continue to grow,” he said.
Also speaking, representative of the Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dr. Praise Adedigba said businesses could no longer depend solely on hard work to remain competitive.
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