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IBM Picks Lagos for Smarter Cities Challenge, Provides Grant

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IBM has named Lagos amongst 31 other cities globally selected for its Smarter Cities Challenge grant for 2013.

Smarter Cities Challenge is a variant of IBM’s Corporate Service Corps, a pro bono consulting program that assists governments with projects that intersect business, technology, and society.

Launched in 2011, the IBM Smarter Cities Challenge is a three-year, 100-city, US$50 million competitive grant program.

This is IBM’s single-largest philanthropic initiative globally, where the leading technology and business consulting company assigns a team of six top IBM experts to each winning city to study a key issue identified by the city’s leadership.

Housing West Africa’s largest and busiest air and sea ports, and with a population of about 16 million, Lagos is reputedly one of the most populated, most industrious and fastest growing cities globally. The only other African city selected by IBM for its 2013 Smarter Cities Challenge grant is Cape Town, in South Africa.

“IBM’s commitment to emerging markets remains unshaken and the Smarter Cities Challenge grant for the city of Lagos clearly demonstrates this,” said Taiwo Otiti, IBM’s country general manager for West Africa.

IBM opened its West Africa hub office in Lagos, Nigeria’s commercial and industrial capital, in 2009.

Well before the IBM team arrives (in 2013) for its three-week pro bono consulting engagement valued at $400,000 per city, the IBMers will already be hard at work studying the city’s issue. 

After they arrive in Lagos, the team will work with city officials to analyze data, soliciting the input of dozens of local agencies and advocacy groups.

  IBM then provides detailed recommendations for how the city can efficiently and effectively address the issue.

The grant recipients were announced yesterday at a summit in New York, USA bringing mayors and city leaders together with experts and urban policy leaders.

Mayors in attendance include those from among cities that were previously awarded Smarter Cities Challenge grants, as well as those whose cities were today being named 2013 winners.

At the summit, mayors shared successful strategies on topics ranging from transportation and economic development, to sustainability and citizen participation. 

They reviewed innovative solutions to the major challenges facing cities today, such as identifying financing, refining operating strategies, improving productivity, driving organizational change, and using data and technology effectively.

The need to use innovative approaches that address civic challenges has never been greater.

According to the United Nations, in 2008 more than half the world’s population began living in cities for the first time.

These population centers are more economically powerful, politically influential, and technologically advanced than at any time in history. However, they also struggle with increased demand for services, along with budgetary and operational challenges.

In year-one and two of the Smarter Cities Challenge, IBM completed work in 64 cities globally, deploying nearly 400 of its most talented experts who delivered concrete and measurable results to winning cities.

In 2012, IBM provided expert counsel to 33 cities worldwide which had earned IBM Smarter Cities Challenge grants. 

They included engagements in: Cheongju, Korea, where IBM recommended smarter transportation strategies; Dortmund, Germany, and Malaga Spain, where IBM formulated plans for economic, workforce, skills development; Jacksonville, USA, where IBM outlined steps for downtown revitalization ; and Louisville, USA, where IBM showed how to use data to identify, predict and mitigate conditions that trigger asthma.

Others are; Nairobi, Kenya, where IBM created a plan for traffic management; Geraldton, Australia, where IBM suggested ways for the city to become a leader in smart grid technology adoption and digital services; Curitaba, Brazil, where IBM suggested approaches to sustainability and citizen engagement.

For 2013, cities around the world once again competed vigorously to benefit from IBM’s talent and expertise.

The winning cities proposed innovative projects and areas of focus for IBM experts. These included strategies that address: Economic and Workforce Development — reducing local dependence on a single industry;  Social Services – creating an ecosystem that supports independent living for a growing senior citizen community; Sustainability – setting policies around billing rates, electric vehicle use, and solar power generation on a smart power grid; and Capital Budget Planning – enabling citizens to request expenditures, while also analyzing their potential impact; as well as Urban Planning – taking a more systematic, data-driven approach to housing policy, downtown revitalization, zoning, and permits.

The 31 cities that have won IBM Smarter Cities Challenge grants for 2013 are: Belfast, United Kingdom; Buffalo, USA; Burlington, USA; Cape Town, South Africa; Chennai, India; Christchurch, New Zealand; Copenhagen, Denmark; Date, Japan; Faro, Portugal; Foshan, China; Fresno, USA; Gurgaon, India; Jeju, Korea; Khon Kaen, Thailand; Knoxville, USA; Kyoto, Japan; Lagos, Nigeria; Lodz, Poland; Makati City, Philippines; Negeri Sembilan, Malaysia; Pingtung County, Taiwan; Porto Alegre, Brazil; Québec City, Canada; Reno, USA; Richmond, USA; Stavanger, Norway; Trujillo, Peru; Tucson, USA; Valparaiso, Chile; Vitória, Brazil and Waterloo, Canada.

“We congratulate the cities selected as IBM Smarter Cities Challenge grant recipients for 2013. This was a difficult decision because so many cities made strong cases to earn our time and talent.  But the winners distinguished themselves among their peers by convincingly demonstrating their preparation and willingness to make the kind of improvements that will improve their residents’ quality of life and make their cities even smarter,” said Stanley S. Litow, IBM vice president of Corporate Citizenship & Corporate Affairs, and president of IBM’s Foundation.


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E-Business

Kaspersky Reveals Malware Attacks on SMBs Disguised as AI Services Surged by Five Times in 2026

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From January to April 2026, Kaspersky security solutions detected more than 33,300 attacks on small and medium-sized businesses (SMBs), in which malicious or unwanted software for PCs were disguised as popular artificial intelligence (AI) services. This number has surged by almost five times when compared to the same period in 2025.

A new Kaspersky report reveals threat analysis and mitigation strategies to help SMBs protect themselves against the evolving threat landscape.

Kaspersky experts explored the extent to which threat actors target small and medium-sized businesses with malware disguised as legitimate AI services, considering the growing popularity of such tools for the business workflow. At the beginning of 2026 the most common lures in cyberattacks involved malware posing as ChatGPT (42%), Claude (24%), and DeepSeek (20%).

Among unique malicious files detected in the SMB sector and masqueraded as AI services, Kaspersky experts observed mainly different Trojware (Trojans and Trojan-like malware), including those capable of downloading and running other malware on compromised devices.

Trojware disguises itself as harmless files to trick users into installing them. Their functionality may vary depending on the type of the malware. It may include stealing, deleting, blocking, modifying or copying users’ data, as well as other malicious capabilities. Given this, Trojware represents a highly dangerous cyberthreat to entrepreneurs and businesses.

However, in 2026 Kaspersky telemetry detected even more attacks on SMBs, in which malicious or unwanted software for PCs were disguised as messenger apps and video conferencing software: Telegram, WhatsApp, Zoom and Microsoft Teams. From January to April Kaspersky solutions blocked almost 415,000 such attacks.

The number of attacks changed marginally compared to the previous year’s figures. Thus, Kaspersky experts note that the lure of fake communication apps remains a widespread cyberthreat.

“The threat landscape is evolving with new lures constantly appearing. For example, for the first four months of this year our solutions for small and medium-sized businesses detected hundreds of attacks, in which malicious or unwanted software were disguised as OpenClaw – an AI tool that rapidly gains popularity in 2026.

Corporate employees are increasingly using various AI services and other tools in their workflows, including those that are publicly available. Thus, to be on the safe side, SMB employees – as well as all users – should exercise caution when looking for software on the Internet. Always check the correct spelling of the website and links in suspicious emails, and use robust security solutions,” says Vasily Kolesnikov, security expert at Kaspersky.

“As adversaries constantly refine their methods to exploit human error, the need for up-to-date security awareness training for businesses of all kinds and sizes is undeniable. However, the reality is that micro-organisations often struggle to allocate time and budget to regularly update their staff on the latest threats and malicious trends.

“We believe this issue can be largely addressed through solutions tailored for small businesses which deliver robust core protection while also providing accessible security education,” adds Rodion Pyanov, product manager, Kaspersky Small Office Security.

 


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LG Showcases AI-Powered Smart Living Innovations @ Africa Technology Expo 2026

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LG Electronics has reaffirmed its commitment to advancing innovation and smart living across Africa by participating as a supporting sponsor at the Africa Technology Expo (ATE) 2026, where the company is showcasing its latest portfolio of premium consumer electronics and home appliance innovations.

The two-day expo, themed around strengthening Africa’s enterprise technology ecosystem through collaboration and innovation, has brought together industry leaders, technology innovators, multinational companies, policymakers, and entrepreneurs to explore opportunities for cross-border partnerships and digital transformation across the continent.

As one of the supporting sponsors of this year’s event, LG’s interactive exhibition booth has become a major attraction, offering visitors firsthand experience of the company’s latest AI-powered technologies designed to enhance everyday life while delivering greater comfort, convenience, energy efficiency, and connectivity.

Among the innovations on display are the latest LG QNED TV, delivering exceptional picture quality and immersive entertainment; the iconic MoodUP™️ Refrigerator, which combines intelligent cooling with customizable LED door panels; the innovative LG WashTower™️, an all-in-one premium laundry solution that maximizes space and efficiency; the energy-efficient LG ARTCOOL Air Conditioner and LG Air Tower, designed to provide smarter climate control; alongside LG’s advanced Dehumidifier and other intelligent home solutions.

Speaking on LG’s participation, Mr. H.S. ji, Managing Director, LG Electronics West Africa, said: “Africa Technology Expo provides an excellent platform to engage with innovators, businesses, and consumers who are shaping the future of technology across the continent. At LG, innovation goes beyond creating advanced products, it is about developing meaningful solutions that improve everyday life.

“Our participation reflects our commitment to supporting Africa’s digital transformation while introducing intelligent technologies that make homes and workplaces smarter, healthier, and more energy-efficient.”

The Africa Technology Expo was established to foster stronger collaboration among African businesses, emerging enterprises, and multinational organisations. During the opening ceremony, the organisers emphasized the need for deeper continental collaboration to unlock Africa’s innovation and economic potential, noting that previous editions of the expo have facilitated approximately $192 million in business deals among participating companies.

LG’s presence at the event aligns with this vision by demonstrating how cutting-edge consumer technology can support economic growth, digital inclusion, and sustainable development across Africa.

Visitors to the LG booth are participating in live product demonstrations, interactive experiences, and expert consultations, gaining valuable insights into how LG’s AI-powered ecosystem seamlessly connects home appliances and entertainment products to deliver a smarter lifestyle.

As technology continues to reshape industries and everyday living, LG remains committed to driving innovation that empowers consumers, supports enterprise growth, and contributes to Africa’s evolving digital economy.


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Want a Business Loan Without Interest? SMEDAN Launches N500m Fund

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Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has secured a 12 million-dollar commitment from the South Korean Government to establish a Skills Acquisition Centre in Abuja to boost entrepreneurship and strengthen Nigeria’s Micro, Small and Medium Enterprises (MSMEs).

Want a Business Loan Without Interest? SMEDAN Launches N500m Fund

SMEDAN

The Director-General of SMEDAN, Mr Charles Odii, disclosed this in a statement on Sunday to commemorate the 2026 World MSME Day with the theme: “Empowering MSMEs through Innovation and Sustainable Industrial Development.”

Odii said the proposed centre would provide vocational and entrepreneurial training for thousands of young Nigerians and improve the productive capacity of small businesses across the country.

He said the agency was awaiting the allocation of land by the Federal Capital Territory Administration (FCTA) to commence the project.

According to him, SMEDAN is determined not to allow Nigeria to lose the opportunity presented by the South Korean Government’s intervention.

“We need land in the FCT to build the Skills Acquisition Centre. If the FCT Administration is unable to provide one, we will use our office premises in Idu, Abuja, because we do not want Nigeria to miss this 12 million-dollar commitment and opportunity offered by the Korean Government to support skills and vocational training,” he said.

Odii described MSMEs as the backbone of Nigeria’s economy, noting that the agency’s interventions were aimed at empowering small businesses to drive employment and economic growth.

“Small businesses are the heartbeat of Nigeria’s economy. They contribute significantly to employment generation and economic growth.

“By providing infrastructure, skills and financing, we are creating an enabling environment for them to grow, thrive and contribute meaningfully to national development,” he said.

The SMEDAN boss also announced the launch of a N500 million zero-interest Grow Fund to improve access to affordable finance for MSMEs.

He said the facility would be disbursed through cooperative societies, trade associations and business membership organisations under a revolving loan arrangement.

Odii explained that the association-based lending model was designed to improve accountability, ensure effective monitoring and guarantee that funds reached genuine entrepreneurs.

“We visited traders at the market because it is not enough to sit in offices and formulate policies without understanding the realities of the people we are meant to serve.

“We met with butchers, pepper sellers, vegetable traders, provision store owners and market leaders, and they all said one thing: they need access to affordable finance.

“That was why we immediately decided to launch the N500 million Grow Fund. We are not giving the money directly to individuals. We are giving it to associations that know their members and can monitor how the funds are used,” he said.

According to him, beneficiaries will access loans ranging from N250,000 to N500,000, depending on their business needs, without paying interest.

“The funding is meant to support and improve businesses. It should be used for working capital, workspaces, tools and other productive business needs.

“It is a revolving fund. When one beneficiary repays, another entrepreneur can access the same money. This way, the impact of the intervention continues to expand and more small businesses can benefit,” he added.

Odii said the agency planned to expand the fund through partnerships with state governments, development partners and financial institutions willing to provide matching funds.

He also disclosed that SMEDAN had commenced consultations on a new National MSME Policy, expected to be relaunched in November, to strengthen the policy framework for the sector.

He reaffirmed the agency’s commitment to supporting small businesses through skills development, access to finance and policies that would enhance their competitiveness and contribution to Nigeria’s economic development.


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