Telecom
Economic Comm for Africa Urges Leveraging Tech in Trade
The Economic Commission for Africa is calling upon countries across the continent to leverage technology in improving trade and enhancing competitiveness.
The plea was made last week at the African Union Summit on industrialisation and economic diversification by African Continental Free Trade Area (AfCFTA), Economic Commission for Africa, acting executive secretary Antonio Pedro.
Pedro said digitalisation is a promising vehicle to sustainable industrialisation, and countries should take action to promote trade and exports in order to realise the objectives of the AfCFTA.
“The major objective of AfCFTA is to foster competitiveness at the industry and enterprise levels through opportunities for scale production, improved market access and efficiency in resource allocation,” he said.
On how technology can enhance trade, Pedro cited the launch of the Africa Trade Exchange (ATEX) platform, a business-to-business and business-to-government digital trade platform that facilitates intra-African trade within the context of the AfCFTA as a positive move in the digital era.
“The ATEX is a clear demonstration of how regional trade can help channel critical commodities where it is needed most in Africa.”
He noted the Economic Commission for Africa is gathering and analysing data on the regulatory regime governing digital trade in Africa.
Also, speaking at the summit, Treasure Maphanga, chief operating officer of the AeTrade Group, and former trade and industrialisation director at the African Union Commission, said digitisation has a catalytic effect through the growth of services, especially in logistics, finance and insurance.
“Leveraging the technology and other aspects of the digital economy to create jobs is the way forward…and informal business does not have to be disadvantaged.”
In addition, African countries were urged to leverage new opportunities from the agreed package of resolutions at the recent UN climate change conference (COP27) in Egypt.
According to Pedro, the package includes financial, technological and capacity-building assistance that developing nations need to reduce their emissions of greenhouse gasses and adapt to the inevitable effects of climate change.
“Contributions of more than $230 million were made to the Adaptation Fund, which African countries should consider to access financing for structural transformation of their economies,” he said.
Pedro said a preliminary assessment of the voluntary carbon market led by Dalberg and Economic Commission for Africa, based on partial satellite data, indicated carbon credits can generate up to $82 billion at $120 per ton of CO2 equivalent using nature-based sequestration.
He explained that despite the current low prices for carbon credits in Africa, “the need for accelerated action on climate change and the implementation of Article 6 of the Paris agreement will drive prices up, to the benefit of African countries to monetise their natural capital”.
With the introduction of Travel Saga, a premium, fast-paced gaming experience that is currently live and accessible to customers on its network, Globacom has lifted the bar for mobile entertainment in the country.
Travel Saga is a story-driven, intricately connected role-playing game designed to provide the thrill, complexity, and competitive intensity of some of the most well-known action games in the world.
The game, which has been painstakingly optimized for mobile devices, redefines mobile gaming as a full-fledged digital battlefield by translating a console-grade experience onto data-enabled handsets.
Fundamentally, Travel Saga takes users on quick virtual journeys against recognizable international landscapes. In a dynamic, ever-evolving gaming environment, players are thrown into furious missions, fierce fights, and ever-expanding tales where talent, strategy, and endurance determine who rises through the ranks to become a true war hero.
In addition to the excitement of fighting, users are encouraged to go to various locations, take part in thrilling challenges, and participate in intense competition for in-app rewards like points and victory badges. With each encounter and accomplishment, the immersion increases with each level, maintaining momentum and excitement.
Flexible subscription plans with one-time or auto-renewal choices are available to subscribers for the service, which costs ₦100 per day and ₦250 per week. By dialing *70021#, customers can quickly subscribe and gain instant access to the action.
With Travel Saga, Glo reaffirms its dedication to innovation and high-end digital experiences, making top-notch gaming easily accessible to its customers. The game offers uninterrupted action, adventure, and competition, all smoothly supported by the Glo network.
SHELT, a leading cybersecurity-as-a-service provider, has earned inclusion in the 2025 MSSP 250, the annual ranking of the world’s top 250 Managed Security Service Providers (MSSPs) by MSSP Alert, a CyberRisk Alliance publication.
SHELT
The list evaluates firms on business performance, service breadth, and industry impact, spotlighting those excelling in growth, operational excellence, and advanced managed security amid rising cyber threats. Selection criteria include annual recurring revenue, profitability, workforce expansion, business growth, and the depth of managed security offerings.
SHELT’s recognition underscores its investments in scalable security operations, threat intelligence, and tailored managed services across multiple regions, enabling clients to navigate complex risk landscapes effectively.
“Being recognised in the MSSP 250 is a meaningful milestone for our team,” stated Youssef Abillama, CEO of SHELT. “It validates our focus on building practical, resilient security services that help organisations manage risk and respond effectively to today’s evolving cyber threats.”
The company hailed the honour as testament to its teams’ dedication and expertise worldwide, reaffirming commitment to enhancing capabilities and delivering trusted cybersecurity solutions.
Meta Platforms, owner of Facebook, has appointed Dina Powell McCormick, a former adviser to President Donald Trump, as its new president and vice chairman, bolstering its leadership amid aggressive AI and infrastructure expansion.
Dina Powell McCormick
The announcement, made on Monday, positions Powell McCormick – who recently stepped down from Meta’s board after eight months – to guide overall strategy, including multi-billion-dollar investments in data centres and global partnerships.
A Goldman Sachs veteran with 16 years in senior roles and prior stints as deputy national security adviser under Trump and in the Bush administration, she brings deep finance and international ties to the role.
Meta CEO Mark Zuckerberg hailed her as “uniquely qualified” for the company’s next growth phase, while President Trump praised the move on Truth Social as a “fantastic choice”.
The hire signals Meta’s efforts to strengthen White House relations, following recent dinners with Trump and U.S. investment pledges worth hundreds of billions
EFCC to Use Space Technology to Boost Asset Tracking, Investigations
SEC Partners Police in Nationwide Crackdown on Ponzi Schemes, Crypto Frauds
Paystack Expands Beyond Payments into Banking
DalaHill, BoA Partner on $100,000 ACF Climate Finance Initiative
How to Stay Safe Online During Sales Periods
Banks quietly move to enforce new ₦50 transfer levy from Jan. 1
FIRS says NIN, CAC Numbers to Serve as Tax IDs from 2026
Nigeria Takes the Lead in the Global WSIS+20 Digital Agenda
Nigeria Police Arrest Okitipi, Nigerian Allegedly Linked to Microsoft 365 Hack
PalmPay Launches N400 Million World Travel Carnival, Rewarding Users with Free Global Trips
General News3 days agoPalmPay, Premier Cool to Reward 10,000 Nigerians with ₦100m in “10k for 10k Campaign”
E-Financial3 days agoEcobank Joins Trillion-naira Club for the First Time in 20 Years
E-Business3 days agoKaspersky Warns Telecom Threats from 2025 will Carry into 2026 as New Technology Adds New Risk
E-Business3 days agoNigerian Terra Industries Secures $11.8m for Expansion
E-Financial2 days agoAngst as FG Demands 7.5 Percent VAT on Mobile Bank Transfers, USSD
Telecom3 days agoSHELT Named in Prestigious 2025 MSSP 250 List for Cybersecurity Excellence
News2 days agoMoniepoint Launches Second Cohort of DreamDevs Initiative to Double Down on Africa’s Tech Talent Pipeline
E-Business2 days agoHalf of Global Companies Build SOCs to Enhance Cybersecurity, with a Focus on Human Expertise