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
Kaspersky Discovers Vulnerability in Qualcomm Snapdragon Chips that can Lead to Data Loss & Device Compromise

Kaspersky ICS CERT discovered a hardware-level vulnerability affecting Qualcomm chipsets that are widely used in a range of consumer and industrial devices, including smartphones and tablets, car components, IoT devices and more.

The vulnerability resides in the BootROM – firmware embedded at the hardware level. Attackers could potentially get access to any data stored on the device or device sensors like camera and microphone, implement complicated attack scenarios and in some circumstances get full control of the device. The results of the research were presented at Black Hat Asia 2026.
The vulnerability affects Qualcomm MDM9x07, MDM9x45, MDM9x65, MSM8909, MSM8916, MSM8952 and SDX50 series and was reported to Qualcomm in March 2025. Qualcomm formally acknowledged the vulnerability in April 2025. It has been assigned a CVE-2026-25262. Other Qualcomm-based chips may be affected as well.
Kaspersky researchers explored the Sahara protocol, a low-level communication system used when a Qualcomm chip enters Emergency Download Mode (EDL) – a special recovery mode designed for repairing or restoring smartphones or other devices. Sahara acts as the first step that allows a computer to connect to the device and load software before the operating system on the device starts.
Kaspersky demonstrated that a security flaw in this process could allow an attacker with physical access to the target device to bypass key security protections in the chip, compromise the secure boot chain and, in some cases, deploy malicious applications and backdoors to the chip’s Application Processor, thus fully compromising the entire device.
For example, in cases when the target device is a smartphone or a tablet, the attacker can potentially get access to entered user passwords, and subsequently this opens further access to multiple types of sensitive user data, such as files, contacts, location, access to the devices’ camera and microphone, etc.
A potential attacker only needs a few minutes of physical access to a device to compromise it. Therefore, if a smartphone has been sent for repair or left unattended for a short time, one can no longer be sure it is not infected. Researchers warn that the threat extends beyond end-user scenarios to include potential compromise during the supply chain phase.
“Vulnerabilities like this may allow attackers to deploy malware that is difficult to detect and remove. In practice, this could enable covert data collection or influence device behaviour over extended periods of time.
“While a reboot might seem like an effective way to remove such malware, it cannot always be relied upon: compromised systems may simulate a reboot without actually resetting. In such cases, only a complete loss of power – including battery depletion – guarantees a clean restart,” comments Sergey Anufrienko, security expert at Kaspersky ICS CERT.
Kaspersky advises organisations and individual users to exercise strict physical security control over devices including at the supply, maintenance and decommissioning phases. A reboot of the device by cutting off the power supply to the affected chip (if available) or full battery discharge may help to get rid of the malware if it was installed.
E-Business
Survey Shows Gaps in Cybersecurity Policies and Employee Commitment Leave Organisations Vulnerable

A recent Kaspersky survey entitled “Cybersecurity in the workplace: Employee knowledge and behaviour”, showed that 39% of professionals in the Middle East, Turkiye and Africa (META) region, consider cybersecurity rules in their company to be excessive or not fully appropriate.

While 7% noted that their organisations do not have cybersecurity rules or that they are not aware of them. These results show a disconnect between corporate cybersecurity policies and employee commitment to these rules, underscoring the risks associated with shadow IT and unmanaged device usage in the workplace.
Shadow IT is defined as the use of unauthorised software, devices, or services without IT oversight, and it has evolved into a critical business risk. While often driven by employee productivity needs, it creates blind spots for IT departments.
The rise of hybrid work environments, increased reliance on cloud-based tools and the spread of AI tools have accelerated this trend. Without robust cybersecurity management and oversight, organisations face heightened exposure to ransomware attacks, data leaks, and regulatory penalties.
19% of survey respondents in the META region said there are no policies regarding the use of non-corporate devices in their company. 35% of employees admitted that they can use their own devices to access business information, provided they have some type of cybersecurity protection, even consumer-grade software.
On the positive side, 21% said they can use their own device, but these must first pass more stringent corporate IT security checks; while 25% of respondents indicated that only devices provided by the IT function can be used for work purposes.
The situation is significantly better with permissions for employees to install software on corporate devices without IT department’s approval. 50% reported that only IT specialists in their company are allowed to install software, while in 31% of organisations only top management or designated users can do so. 11% of employees can install software that is approved by the IT team. However, 8% of respondents said that all users can install any software they need without IT agreement in their organisation.
At the same time 21% of professionals surveyed acknowledged that within the past year they installed software on their work devices without IT supervision. That highlights a persistent shadow IT challenge that continues to expose organisations to security vulnerabilities, compliance risks, and data breaches.
“Shadow IT is now a mainstream operational risk. When one in five employees installs software without IT oversight, it signals a policy gap. Many organisations already have security policies in place, but employee perception must also be considered.
Organisations should move beyond restrictive controls and instead implement intelligent, user-centric cybersecurity strategies that combine strategies that integrate technology with employee awareness and responsible use,” said Toufic Derbass, Managing Director for the META region at Kaspersky.
E-Business
Microsoft Faces £1.7Bn Cloud Lawsuit in UK over Alleged Market Abuse

Microsoft is facing a £1.7 billion ($2.3 billion) class action lawsuit in the United Kingdom over allegations that it abused its dominant market position in cloud computing.

Microsoft
The case, filed before the Competition Appeal Tribunal, was brought by Maria Luisa Stasi on behalf of about 59,000 British businesses and organisations. It alleges that Microsoft unfairly imposed higher costs on customers running its Windows Server software on rival cloud platforms.
Stasi said the company’s practices have had a significant financial impact on both public and private sector organisations over several years.
In allowing the case to proceed, the tribunal ruled that it has a “reasonable prospect of success.” The judges noted that Microsoft is alleged to have abused its dominance in the paid server operating system market to undermine competition in the cloud services space.
If the claim succeeds, compensation for affected organisations is estimated to range between £1.7 billion and £2.1 billion.
Microsoft has rejected the allegations and confirmed it will appeal the ruling. A company spokesperson said the decision does not represent a final judgment on the claims and that it disputes the substance of the case.
The lawsuit comes as regulators in the UK and the European Union intensify scrutiny of Microsoft’s cloud business practices. UK authorities are currently assessing whether the company should be designated as having “strategic market status,” a move that would subject it to stricter competition rules.
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