E-Business
Konga Rolls Out Mouth-watering Deals for August Online Auction

Konga, Nigeria’s foremost composite e-Commerce giant, has promised huge excitement and mouth-watering deals for the August 2021 edition of its monthly online auction tagged – Konga Last Price.
The August edition of Konga Last Price holds on Monday, August 2, 2021 by 12pm.
Held on the first Monday of each month, Konga Last Price is a live auction pioneered by the e-Commerce group and held digitally across the company’s social media platforms, including Instagram, Facebook and YouTube, among others.
The initiative has seen Konga deliver a range of genuine products at ridiculously pegged opening bid prices, thereby affording bargain-hungry shoppers who bid for them a chance to grab the items on offer at exciting sale prices unmatched in the market.
In addition, the management of Konga has often added interesting dimensions to the digital auction. One of these is by putting up multiple quantities of specific products on auction with the fastest shoppers to pay for them online claiming the items.
Top on the bill for items expected to go on auction on Monday are genuine products from Konga’s wide-ranging suite including Mobile Phones, Home & Kitchen, Fast Moving Consumer Goods (FMCG), Computing, Electronics and much more.
Konga Last Price, a novel initiative pioneered by the e-Commerce giant, has turned out to be a highly anticipated monthly sales campaign which draws huge excitement among shoppers.
‘‘We encourage our loyal customers to make it a date by 12pm on Monday, August 2nd, 2021 as usual for the Konga Last Price.
“Also, we advise intending shoppers to come prepared to make swift payments as the fastest fingers often go home smiling at this auction,’’ disclosed Kenny Oriola, VP Konga Online & Marketing.
‘‘In addition, we encourage shoppers to sign up for KongaPay for swift and seamless payments which is often required for easy confirmation.’’
‘‘The August edition of Konga Last Price will be another discount party in line with our usual tradition of making this auction a memorable affair for Konga customers.
“This is an opportunity to grab some of those items you have been eyeing for a while now at unbelievable bid prices,’’ he concluded.
The August edition of Konga Last Price goes live by 12pm on Monday, August 2, 2021 across Konga’s social media pages on Instagram, Facebook and YouTube, among others.
E-Business
UK Orders Apple to Create Backdoor for Encrypted iCloud Data

United Kingdom has issued a “technical capability notice” to Apple, mandating that the company create a backdoor to access users’ encrypted iCloud data.
This directive, issued under the Investigatory Powers Act of 2016, requires Apple to provide British security officials with the means to retrieve all content uploaded to iCloud by any user worldwide.
Apple’s Advanced Data Protection (ADP) feature, introduced in 2022, offers end-to-end encryption for iCloud data, ensuring that only users can access their information.
The UK’s demand challenges this security measure, potentially compelling Apple to either comply by creating the backdoor or withdraw the ADP feature from the UK market.
Compliance could set a precedent, leading other governments to request similar access, thereby raising global privacy concerns.
The UK Home Office has declined to confirm or deny the existence of such notices, stating, “We do not comment on operational matters, including, for example, confirming or denying the existence of any such notices.”
This development underscores the ongoing tension between governmental surveillance efforts and technology companies’ commitments to user privacy.
E-Business
Oracle Adds AI Pricing Features to Financial Software

Oracle on Thursday added another set of artificial intelligence (AI) tools to NetSuite, one of its corporate finance software offerings, including some that might make it faster for consumers to get a price quote on purchases like custom bicycles.
Oracle has taken a different tack with AI than rivals such as Microsoft. Rather than racing toward general purpose virtual assistants, Oracle has decided to add targeted features that speed common-but-tedious tasks like entering a brief write-up of how a sales meeting went into a corporate records system.
Another such task that is common in the business world is giving a customer a price quote on a complicated purchase that might have a lot of options, when a sales professional would need to sift through materials to come up with a price.
NetSuite on Thursday announced a feature to compile such a quote via conversation with a chatbot asking what the customer wants, which can either be used by sales professionals behind the scenes to speed up their work, or directly by consumers in the case of e-commerce businesses.
“When you buy something like a bicycle, you have to configure it – figure out what parts you want and which parts work together. We all do it when we buy our cars on the web these days,” Evan Goldberg, executive vice president of Oracle NetSuite, said.
“If you can configure (products) for customers more easily, you can do more deals in a day, or each deal costs less.”
To power those features, Oracle has decided to skip the costly race to develop huge AI models and instead works with partners such as Canadian startup Cohere.
Goldberg said that Oracle’s recent agreement to build massive data centers with ChatGPT creator OpenAI could lead to working with it as well, though the two firms have made no formal announcements.
“I think you could safely say that there’s a possibility that OpenAI will be part of this,” Goldberg told Reuters. “We are eager to work with OpenAI.”
E-Business
IBM Exits Nigeria and Ghana, Transfers Operations to MIBB

IBM, the American multinational technology giant, has reportedly announced plans to exit Nigeria, Ghana, and other key African markets, transferring its regional operations to MIBB, a subsidiary of the Midis Group.
The move, which according to TechCabal was revealed in a statement by the company, effective April 1 2025, is part of a new operating model IBM is adopting across select African countries.
Under this arrangement, MIBB will take over IBM’s local operations, customer support, and relationships while marketing and selling IBM products and services across 36 African nations.
“MIBB will market and sell IBM products and services in 36 African countries, thereby giving MIBB’s sales network direct access to IBM products, services, and support, further boosting innovation and growth in the region,” IBM stated.
IBM has been a key player in Africa’s tech industry for decades, providing critical infrastructure for banking, telecom, oil and gas, and government services.
However, its planned exit follows a trend of multinational corporations leaving Nigeria.
In December 2024, Swiss cement giant Holcim announced its departure from Nigeria, selling its 83% stake in Lafarge to a Chinese firm.
Similarly, South African grocery retailer Pick n Pay disclosed plans in October 2024 to exit Nigeria by selling its 51% stake in a joint venture.
IBM has yet to respond to media inquiries regarding the specifics of its transition strategy and reasons for the exit.
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