News
Ekeh, Zinox Boss Says He is a Digital Orphan

Leo Stan Ekeh, Africa’s foremost digital entrepreneur, has attributed his numerous pioneering efforts and continued relevance over the past 29 years in the technology sector to God and hard work, while sensationally declaring himself an orphan of sorts in the business world.
Ekeh who delivered an incisive talk to select postgraduate students and aspiring entrepreneurs in Dubai Marina, UAE on the sidelines of a business trip recently shared tips on how to be a success in Africa’s challenging business terrain, with its increasing difficulty to forecast trends.
In his opinion, the best way to bring home to the participants the multi-faceted dimensions of being an entrepreneur in Africa is by using himself as a case study.
“Venturing into entrepreneurship requires a determination to take pains before pleasure. Hence, an aspiring entrepreneur must see himself not only an only child but also a Field Marshall in the Army who will have to face and conquer many creative wars. Although my parents are late, I still have siblings. However, I see myself as an orphan in the digital business world as my success tools remain the dependence and reliance on God and hard work.”
Taking the participants on a trip down memory lane with experiences from his beginnings, Ekeh noted that business success begins from childhood as the decisions one takes in that stage of one’s life go a long way in shaping the future.
“Success in business as an entrepreneur is not down to serendipity or a chance occurrence. It begins from childhood: who you want to be, personal discomforts or sacrifices you are willing to take in order to build a strong foundation for your business destination in the near future. That is why elders could see a child and say this child shall be successful in future.
As a young child growing up, I had taken a decision to abstain from alcohol and cigarettes because as an entrepreneur, you are bound to encounter betrayal from those who should know better and such habits would have derailed me, especially in times of depression. As an entrepreneur, you could easily become a drunk or drug addict if you are not careful. Most successful entrepreneurs are in the real sense loners as this habit gradually builds up based on experiences of betrayal borne over the years.”
While declaring that the 21st century does not require collateral to build wealth, Ekeh identified integrity as the biggest collateral he had relied on in his over 29 years of outstanding achievements. He noted that as a Research and Development entrepreneur, there is no collateral to position other than integrity which was all he had to offer.
“My strategy from childhood as a poor fellow was to cause disruptions hence the decision to venture into technology which allows room for constant innovation. Nevertheless, I have always held fast to integrity as my biggest collateral. This has gone a long way in helping me gain the confidence of various multinational partners we do business with. Added to this is the over 18 hours I put in every day together with my wife which has helped us build the business to its present status. I have discovered the only way I can sustain my dominance in the market place is through constant innovation and this is tied to sleeping less and eating healthy. It is important that in that hunger to be successful, you institute strong auditable system and structure which sustain your business.
In Africa, you have a lot of portfolio billionaires who are also classified as entrepreneurs. These are publicly perceived billionaires created over night by their respective governments based on political connections. Some of these people don’t have offices not to talk of accountants and HR executives. Avoid these people because they end with the government in power. You have been trained and exposed to be better than all present billionaires and the future is better than today because you have less clannish burden waiting for you plus you have age on your side.”
Ekeh, who counseled the participants to exercise caution with trust, while looking out for the gaps in business which could lead to insolvency, also affirms that success comes with various pitfalls including malicious attacks and blackmail from competition and other faceless individuals.
“I have faced numerous blackmails and campaigns of calumny from various quarters, even from people who have no offices and are just out to rubbish my name. This is part of the problems we have in Africa. However, I urge you all to see these as part of the perks of being successful as no one throws stones at an unripe mango. My happiness stems from the fact that despite all these, a few people still appreciate quality and integrity, hence I urge you all to remain on the path of worthy greatness. In all the accolades I have received, two of them remain dear to me: the Icon of Hope award presented to me by former President Olusegun Obasanjo on Nigeria’s Independence Day, October 1st 2002 and my selection by the EFCC as Special Personality to cut the 5th Anniversary stamp as a worthy Nigerian. These are some of the things that keep me going,” he enthused.
Ekeh whose Zinox Technologies has deployed some of the biggest ICT projects in the country, charged the participants to leverage on the limitless opportunities on the continent to create and sustain wealth, while advising them on the need to take street-wise decisions such as avoiding excess bank loans and working hard to achieve ownership of their office space and personal residences to avoid competitors taking advantage of these to cause disruption in their lives.
He closed by stating that every entrepreneur has a divine call from God to fulfill on earth in order to make heaven.
According to Ekeh, his own call is to create thousands of creative and futuristic jobs in Africa.
“Though I have not had the greatest support of my government to achieve this, but I assure you, I am almost at the point of realizing this and this would be soon as I have found a most creative platform to achieve it and I assure before I retire soon, I shall support platforms that help me achieve this ambition. It is, therefore, important that in that ultra-ambition to create wealth you realize early what that special call from God is all about and try to fulfil them on earth,” he concluded.
News
Cybervergent Expands to Three New Markets

Cybervergent has launched version 3.0 of its artificial intelligence (AI)-native posture management platform and expanded operations into Kenya, Ghana, and SA.

The move, according to the company, introduces automated risk verification for enterprises and aims to position Africa as a force in digital governance technology.
It goes on to say the latest platform upgrade introduces continuous posture management, replacing traditional point-in-time governance, risk, and compliance reporting with real-time verification systems.
An AI engine independently verifies 99.9% of audit and monitoring findings before they appear on enterprise dashboards, according to Cybervergent.
It says risk management, compliance, audit, and data security operations are integrated into a unified system built for cloud and on-premise environments.
According to Cybervergent, the platform maps more than 4 500 controls across frameworks, including the Nigeria Data Protection Act (NDPA), International Organisation for Standardisation (ISO) 27001, and System and Organisation Controls (SOC) 2.
Cybervergent says the rollout of its first South African customer validates the platform’s readiness for highly regulated enterprise markets and strengthens its expansion strategy across Africa’s leading technology and financial hubs.
The company is also adopting a channel-first deployment model, working with local partners and system integrators in Lagos, Accra and Johannesburg to scale verified security infrastructure for enterprises navigating increasingly complex regulatory demands.
“We built verification into the architecture,” said Ayomide Daniels, co-founder and chief scientist at Cybervergent. “If a finding is not traceable back to source documentation, it does not reach the dashboard.”
Cybervergent rebranded from Infoprivacy in late 2023 to reflect its shift towards AI-automated cybersecurity.
The start-up previously focused on data privacy compliance in the West African market before pivoting to its current integrated posture management model.
News
FG Bans Honorary Degree Holders from Using ‘Dr’ Title, Warns of Academic Fraud

Federal Government has directed recipients of honorary doctorate degrees to stop using the title “Dr.” before their names, as part of efforts to protect the integrity of academic qualifications and curb the misuse of honorary awards.

Minister of Education, Tunji Alausa
Minister of Education, Tunji Alausa, announced the directive after the approval of the new policy by the Federal Executive Council (FEC).
Alausa said the measure was necessary to address the growing abuse, commercialisation and politicisation of honorary degrees in some tertiary institutions across the country.
He explained that honorary doctorates are symbolic recognitions of outstanding contributions to society and do not equate to earned academic qualifications obtained through rigorous study, research and examination.
“Recipients of honorary doctorate degrees are not entitled to use the title ‘Dr.’ as a prefix to their names in official, professional or academic engagements,” he said.
According to the minister, awardees may instead indicate the honorary distinction after their names using formats such as D.Litt (Honoris Causa), LL.D (Honoris Causa) or other approved honorary designations.
Under the revised policy, only universities with active doctoral programmes will be permitted to confer honorary doctorate awards.
The government also restricted recognised honorary awards to four categories: Doctor of Laws (LL.D), Doctor of Letters (D.Litt), Doctor of Science (D.Sc), and Doctor of Humanities (D.Arts).
In addition, all honorary degree certificates must clearly carry inscriptions such as “Honorary” or “Honoris Causa” to distinguish them from earned academic degrees.
The minister warned universities against indiscriminate conferment of honorary degrees, noting that institutions found violating the directive would face sanctions from the National Universities Commission and the Federal Ministry of Education.
He said the policy was part of broader reforms aimed at restoring credibility to Nigeria’s higher education system and ensuring academic titles are not misrepresented for personal, political or financial gains.
Observers say the development could reshape the long-standing culture where public office holders, business executives and celebrities often adopt the “Dr.” title after receiving honorary awards.
News
Africa Fintech Revenues to Hit $65 billion by 2030 – Report

African fintech revenues are projected to expand 13-fold to approximately $65 billion by 2030, marking the continent as the world’s fastest-growing digital finance market.

The “Beyond Payments: Unlocking Africa’s Second FinTech Wave ” report, released by Boston Consulting Group at the Inclusive FinTech Forum in Kigali, indicates the sector is shifting from transactional inclusion to scalable, infrastructure-driven systems.
While Sub-Saharan Africa accounts for 74% of global mobile money volume, more than 50% of lending still occurs through informal channels, representing a massive gap for B2B payments and data-driven underwriting.
The opportunity now is to convert scale into sustained, institutional-grade growth, says the report. Markets offering regulatory clarity and interoperable infrastructure are becoming increasingly attractive to long-term capital.
Rwanda is highlighted as an example of deliberate institutional coordination that lowers the cost to scale for financial institutions.
Forward-looking regulation and the License Passporting Memorandum of Understanding between Rwanda and Kenya are cited as practical steps toward easing regional expansion.
Financial centres like the Kigali International Financial Centre play a critical role in this next phase by reducing uncertainty for banks and investors.
By combining regulatory clarity and Pan-African integration, they reduce uncertainty for banks, fintechs, and investors, and help position markets as credible, long-term investment destinations.
Africa’s next fintech phase will be led by financial institutions, the report notes. It goes on to say banks and regulated entities are becoming the primary customers of digital financial infrastructure, demanding platforms that align with their risk frameworks.
The report identifies five institutional priorities to sustain momentum: interoperable infrastructure, data-driven credit, regulatory coherence, trust, and resilience.
Building seamless wallet-to-bank integration will enable more efficient value movement, while transforming transaction data into AI-enabled underwriting models will help bridge the gap in SME lending.
Proportional licensing frameworks and predictable supervisory practices will lower the cost to scale for innovators. Furthermore, expanding cybersecurity capabilities will ensure the ecosystem remains reliable as digital usage grows.
Africa has demonstrated that fintech scale is achievable, and the next decade will be shaped by those markets that strengthen their institutional foundations, the report concludes.
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