E-Business
International Women’s Day: How Coca-Cola is Championing Women Empowerment

The economic empowerment of women remains a burning issue in countries across the world. On International Women’s Day, a day set aside to celebrate the social, cultural, political and economic achievements of women, issues around women empowerment generally come to the fore.

In many parts of the world, women still face discrimination in areas of remuneration, education and governance. As a result, women are often labelled vulnerable with their lack of power, influence and access to economic resources.
Due to the harsh economic climate and unemployment rate in many parts of the world, it has become more desirable for households to have gainfully employed couples to contribute to the larger economy than to have homes with unemployed, full-time housewives.
Also, there has been an increase in single parenthood as many cultures are beginning to embrace the decision of women to raise their families single-handedly either by choice or circumstances. Whether they are breadwinners or not, women are entitled to their economic autonomy just as their male counterparts in order to care for their health, fend for their children and other dependents.
With the global awareness on women economic rights, Coca-Cola Nigeria Limited recognizes the potential in women to make significant contributions to the economy. This conviction led to the birth of the “5by20” initiative, a Coca-Cola program designed to help uplift and empower five million female entrepreneurs – from fruit farmers and artisans, to recyclers and retailers – to become part of its value chain by 2020.
The initiative, which began in 2010 and ended in 2020, saw numerous projects funded by Coca-Cola Nigeria Limited along with its bottling partner, Nigerian Bottling Company for the economic inclusion of over 450,000 women across the country. The women were equipped to overcome social and economic barriers through the provision of basic business skills, access to financial services and assets, connections with peers and mentors, along with the confidence that comes with building a thriving business. The 5by20 initiative targeted women in six segments of Coca Cola’s value chain: producers, suppliers, distributors, retailers, recyclers and artisans. As of 2019, over 4.6 million women in over 90 countries had started businesses as part of the 5by20 program.
Consistently, Coca-Cola Nigeria Limited and its bottling partner, Nigerian Bottling Company has leveraged diverse platforms to implement the 5by20 initiative to better fit local needs as well as make a greater impact using various platforms.

These include the IDP Women Value Chain Integration Programme which is a two-day micro-business empowerment scheme for over 50 internally displaced women.In addition, Coca-Cola Nigeria Limited and the United Kingdom Department for International Development of Girls Education launched the Educating Nigerian Girls in Nigeria Enterprise (ENGINE) Value Program aimed at strengthening the educational and economic opportunities of the Nigerian girl-child. Through the programme, Coca-Cola improved the learning outcomes and economic status of over 21,000 marginalised adolescent girls in Kano, Kaduna, Abuja and Lagos.
Another interesting intervention by Coca-Cola Nigeria Limited is The Lady Mechanic initiative which empowered about 100 girls in Benin through auto-mechanic skills capability development. Today, the initiative has broken the glass ceiling or gender barrier that is largely associated with the automobile profession which had been deemed by some as off-limits for women. The reality is that the empowered women under this initiative are all now employers of labour.
The SHAPE 2020 programme is yet another women empowerment program implemented by Whitefield Foundation, sponsored by The Coca-Cola Foundation and endorsed by Lagos State Ministry of Wealth Creation. With a $66,000 grant, the women-focused intervention trained and equipped “at-risk” and “underserved” women in local communities with transferable skills such as catering, cosmetics, fashion designing, soap-making, amongst others.
According to the World Health Organization in 2020, the maternal mortality ratio in Nigeria is 814 per 100,000 live births, accounting for 20% of global maternal deaths. One of the contributing factors for this sad reality is the lack of access to quality and affordable health care facilities. In response to this dire situation, Coca-Cola Nigeria Limited launched its Safe Birth Initiative to impact the lives of expectant mothers and their babies.
The Safe Birth Initiative is a social investment from Coca-Cola Nigeria Limited in partnership with Medshare International, the Federal Government through the office of the Senior Special Assistant to the President on Sustainable Development Goals, and the Federal Ministry of Health. The initiative seeks to support the realisation of the Sustainable Development Goals (SDGs) on maternal and neonatal mortality; with a key focus on improving the capacity of selected public hospitals through the procurement of vital maternal and neonatal medical equipment and training personnel in biomedical engineering to improve equipment maintenance and uptime, while reactivating a large stock of abandoned medical equipment wasting away in public hospitals.
For this project, Coca-Cola will donate a total of thirty-six 40ft containers of medical equipment, kits and supplies worth over N3.8b to tertiary hospitals like the Federal Medical Center Ebute Metta Lagos, Abuja National Hospital, Alimosho General Hospital, University Teaching Hospital Ilorin, Federal Medical Center Owerri, Port Harcourt Teaching Hospital, Aminu Kano Teaching Hospital and many others. The initiative, through its partners, Medshare International has also trained over 150 technical staff in these health centres; with many others scheduled to be trained in 2021/2022.
The Coca-Cola Foundation, through the New World Program (NWP), has also awarded a grant worth $100,000 to the Mental and Environmental Development Initiative for Children (MEDIC) towards implementing a Recycling Scheme for Women and Youth Empowerment (RESWAYE).In the same vein, the Lagos State Employment Trust Fund, Coca-Cola Nigeria Limited and its bottling partner, the Nigerian Bottling Company, have announced a collaboration aimed at empowering 1,000 women in Lagos State. The selected women received training in financial literacy and business skills as well as start-up capital to integrate them into the Coca-Cola value chain as retailers of the company’s beverage products.
While reflecting on these initiatives, the Managing Director, Coca-Cola Nigeria Limited, Alfred Olajide, reaffirms the importance of creating an economic model that empowers women and hinges on sustainability.

“Women constitute a significant part of the world’s shared success because we recognize their roles not just as homemakers and influencers but as drivers of economic growth and pillars of their communities and business systems.
“At Coca-Cola, we have initiated these numerous projects through partnerships with non-governmental organisations, women leaders and the government to improve the lives of women who participate in the 5by20 projects.
“The entrepreneurial spirit of these women has made a positive impact on the larger economy through our value chain whether as retailers, suppliers, producers, artisans and mentors”.
Women constitute a major pillar as part of Coca-Cola’s sustainability agenda, this is evident in the numerous initiatives highlighted. Through scalable models and powerful partnerships, Coca-Cola continues to facilitate the development of women while creating shared value for their host communities. With the results proving the efficacy of their programmes, there is no doubt that the company continues to live its purpose of refreshing the world and making a difference in the lives of many.
E-Business
Nigeria Targeted with 4,622 Cyber-attacks Per Week in December 2025

In December 2025, organisations globally faced sustained cyber pressure, as the average number of cyber-attacks per organisation per week reached 2 027, a 1% increase from the previous month and a 9% increase from December 2024.

This is according to December 2025 Global Cyber Attack Statistics by Check Point Research, the threat intelligence arm of Check Point Software Technologies.
According to the statistics, Latin America was the hardest hit, with companies experiencing an average of 3 065 cyber-attacks per week, a 26% year-over-year increase.
In contrast, Africa saw a decline in attacks, with Nigeria (4 622 attacks per week) and Angola (4 002 attacks per week) being the most targeted countries on the continent.
The report’s findings highlight the evolving cyber threat landscape, with ransomware and GenAI-driven data risks posing significant challenges to companies worldwide.
Ransomware attacks jumped 60% year over year, with 945 publicly reported incidents in December. Qilin was the most active ransomware operator, responsible for 18% of publicly disclosed attacks.
“Ransomware continues to scale through industrialised operations, while unmanaged GenAI usage is creating widespread data exposure at enterprise level,” said Omer Dembinsky, data research manager at Check Point Research.
The report noted the education sector was the most targeted industry globally, with 4 349 cyber attacks per week; followed by government (2 666 attacks per week); and associations and non-profits (2 509 attacks per week).
The widespread adoption of GenAI tools has introduced new cyber security risks, with one in 27 GenAI prompts posing a high risk of sensitive data leakage.
Experts warn that companies must prioritise prevention-first security, real-time AI threat intelligence and strong governance over AI tools to mitigate these risks.
Hendrik de Bruin, head of security consulting at Check Point Software, added: “Strengthening ransomware resilience, deploying AI-powered prevention and enforcing clear GenAI governance will be critical to reducing cyber risk in the year ahead.”
E-Business
Half of Global Companies Build SOCs to Enhance Cybersecurity, with a Focus on Human Expertise

Among the primary reasons for establishing a Security Operations Center (SOC) are strengthening cybersecurity posture, enabling faster detection and response and gaining a competitive edge.

Interestingly, despite the increasing demand for automated cybersecurity solutions, businesses rely on skilled security professionals to make key decisions, as human expertise remains essential for effective security management.
A Security Operations Center (SOC) is a dedicated organisational unit responsible for continuous monitoring and safeguarding of a company’s IT infrastructure. Its core mission is to proactively detect, analyse and respond to cybersecurity threats.
To identify the main drivers, strategic priorities, and potential challenges in SOC planning and implementation, Kaspersky has conducted a comprehensive global study involving senior IT security specialists, managers and directors from companies with 500 or more employees.
All participants operate without a SOC but have plans to establish one in the near future. The study spans 16 countries across APAC, META, LATAM, Europe, and Russia, providing valuable insights into the emerging trends and best practices in SOC development worldwide.
The findings of the research reveal that 50% of companies intend to establish SOCs to strengthen their cybersecurity posture, and 45% are motivated by the need to address increasingly sophisticated and dangerous threats.
Other drivers include budget optimisation, the necessity for faster detection and response, and the expansion of software, endpoints and user devices – factors that demand more comprehensive and layered security measures.
These are cited by 41% of organisations. Additionally, 40% seek better protection of confidential information, 39% aim to meet regulatory requirements and one-third (33%) expect SOC capabilities to provide a competitive edge. Larger enterprises tend to cite each of these reasons more often, reflecting the broader operational and regulatory pressures they experience.
Continuous monitoring becomes the leading SOC requirement
Among the key functions organisations plan to delegate, 24/7 security monitoring leads at 54%. This around-the-clock vigilance enables early detection of anomalies, prevents escalation and sustains cyber resilience in real-time. This demand highlights a strategic requirement for proactive risk management, as organisations aim to defend against persistent threats that can strike at any moment.
Companies intending to fully outsource SOC operations show a stronger interest in applying “lessons learned” methodologies, whereas those developing internal SOCs focus more on access management to maintain tighter control.
Human expertise drives SOC technology choices
While SOCs use advanced technology, the choices made by organisations show that human analysts are very important. Among the solutions that organisations plan to include in SOC are – Threat Intelligence Platforms (48%), Endpoint Detection and Response (42%) and Security Information and Event Management systems (40%) – sophisticated solutions that automate data collection and reduce operational load, however, they depend heavily on skilled security professionals who provide critical context, interpret complex findings and make final decisions when guiding appropriate responses.
Other solutions chosen include Extended Detection and Response (38%), Network Detection and Response (37%) and Managed Detection and Response (33%). Large enterprises tend to adopt more technologies (5.5 per SOC on average), while smaller ones integrate fewer (3.8).
“To successfully build a SOC, companies must prioritise not only the right mix of technology but also the careful planning of processes, clear goal-setting and effective resource distribution.
“Well-defined workflows and continuous improvement are essential to ensure that human analysts can focus on critical tasks, making the SOC a proactive and adaptable component of their cybersecurity strategy,” comments Roman Nazarov, Head of SOC Consulting at Kaspersky.
E-Business
Nigerian Terra Industries Secures $11.8m for Expansion

Terra Industries, a Nigerian defence technology startup, has raised $11.75 million to expand its development of defensive systems that protect critical facilities across Africa.

The fundraising round was led by Silicon Valley venture firm 8VC, which was founded by Palantir co-founder Joe Lonsdale.
Other investors in the round include Valour Equity Partners, Lux Capital, SV Angel, and Nova Global, as well as African-focused funds Tofino Capital, Kaleo Ventures, and DFS Lab.
Terra Industries, founded in Abuja by Nathan Nwachuku and Maxwell Maduka, provides multi-domain security solutions for both air and land. Its solutions are intended to detect and respond to threats including terrorism, sabotage, and armed attacks on infrastructure.
The company’s product portfolio includes surveillance drones, ground-based robotic systems, and fixed monitoring towers deployed around sensitive locations.
Co-founder and CEO Nathan Nwachuku said the company has now fully embraced its identity as a defence-focused startup, citing the growing urgency of security challenges across Africa.
He said safeguarding critical infrastructure from terrorist threats has become unavoidable.
Nwachuku argues that protecting Africa’s infrastructure requires a different approach, one that combines local manufacturing, end-to-end system control, and software capable of independently identifying and responding to threats over large areas.
The company aims to position itself as a defence prime, similar to the role played by firms such as Anduril Industries and Palantir in the United States.
Nwachuku also disclosed that the company had earlier raised $800,000 in pre-seed funding.
With the new funding, Terra plans to increase manufacturing capacity within Africa, establish additional defence production facilities, and expand its artificial intelligence and software teams.
While software offices are planned for San Francisco and London, the company said manufacturing operations will remain on the continent.
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