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Obama the Africapitalist: Creating Private Sector Development Model

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Opinion by Tony Elumelu

Last week was the first time, in my memory, that a U.S. president came to Africa with investment at the top of his agenda and prioritised meeting with the continent’s business leaders, who are the true drivers of development.

President Obama should be congratulated for his vision, and for providing the clearest proof yet that the rules of engagement with Africa are genuinely changing.

The age of aid is ending. The type of aid that will help Africa most, and should receive the highest priority, is aid for business.

I believe that the African private sector has the power to transform the continent through long-term capital investments, creating both economic prosperity and social wealth.

I call this development approach “Africapitalism,” and without a doubt, it holds the most promise for the sustainable development of Africa.

So it was refreshing to see African businesses at the table, financing and investing as partners, and making sure that Africa asserts its proper role in this opportunity.

I can already feel the impact of Obama’s new dialogue with Africa. In interviews I had with international media covering his trip, aid and corruption were not the focus, thankfully. Journalists addressed topics like “capital,” “investment,” and “trade.”

The impact of this shift will be immense.

Power is the single biggest obstacle to Africa’s development, and as such, it is the most catalytic and strategic investment anyone can make in Africa.

That is why President Obama’s focus is so timely—and so necessary. Doubling our generating capacity will double Africa’s GDP, and move us toward sustainable, domestically led growth.

Given its economic importance, the power sector also presents an attractive investment opportunity for long-term investors: there is little competition, and so the return, when it comes, will be high.

It will be similar to returns that early investors in African telecommunications realised before the sector became saturated and highly competitive.

As an investor I believe in doing well and doing good. Investing in the power sector meets both criteria.

That is why Heirs Holdings has committed $2.5 billion in investment that will expand our recently acquired Nigerian power plant at Ughelli, as well as develop new brown and green-field projects across Africa.

But filling Africa’s energy gap requires long-term investment and a huge capital outlay: it will cost $1billion just to acquire the Ughelli plant and bring it up to its full installed capacity of 1000 megawatts.

Given Africa’s huge capital requirements for the power sector, an initiative like Power Africa is essential for bringing together international investors and financial institutions to support Africa’s changing power paradigm.

Nigeria was one of only seven countries included in the program—countries at the forefront of power reform in Africa.

The world-class privatization process personally driven by President Goodluck Jonathan demonstrates that Nigeria deserves that place.

And it means that Nigeria’s power sector will have access to preferential terms and an unprecedented focus by funders looking to deliver on their public commitments under the Power Africa initiative.

Power Africa also offers a model for the 47 African countries that did not make the initial pilot list. The continent will not close its energy gap unless more African leaders urgently reform their policies and encourage this kind of private sector-led investment.

As an entrepreneur, I know that attracting capital is not and has never been the problem. I have always believed that if the policies and environment are right, investment will flow into Africa.

Investors need to know that the rule of law and the protection of property rights are assured—this is one of capital’s most important requirements.

That is why I urge global leaders like President Obama to impress upon more African leaders that investment-led development requires more investor-friendly policies.

I see a willingness in African leaders to seize these opportunities, but they need support and in some cases direction. The vision may be clear, but they may not know how to get there.

Rwandan President Paul Kagame is another positive role model for the continent—a progressive African leader who evinces both vision and commitment.

Rwanda now ranks higher than any other sub-Saharan African country on global competitiveness, and ranks third in Africa overall. President Kagame and his team have created the sort of enabling environment that investors can only dream about elsewhere in Africa.

For this reason, Heirs Holdings, Berggruen Holdings and 50 Ventures, chose Rwanda as the home for our East Africa Commodity Exchange (EAX), which will launch on July 15th.

The EAX will bring liquidity, transparency, and pricing power to farmers, while reducing lending risk to banks. The impact will be to create social wealth in local communities, and support development in the region.

 Like investments in the power sector, the EAX demonstrates Africapitalism in action: highlighting the huge development role of the African private sector.

When I met with President Kagame last year, he immediately understood the significance of a commodity exchange for the East African Region, and he pushed hard to make it happen.

The Rwandan government delivered on all its promises, which enabled our investor group to deliver on our promises: the right investment team, partnering with a supportive government, will improve the lives of farmers across the region.

By following these models—of Power Africa and the EAX—we can transform the entire African economy, starting with the power sector.

One day, the 70% of Africans who don’t currently have access to consistent affordable power, will take it for granted that they can flick a switch and transform their homes, offices and schools.

And they will remember Obama’s visit. Because with private sector involvement now guaranteed, that day will soon become a reality.

In Tanzania I shook hands with an Africapitalist, who also happened to be the most powerful man in the world. It was a hugely significant event for me, a life-long African investor, and I believe Obama’s visit was a significant event for Africa. It will refocus the world’s attention on investment in Africa.

It is already changing perceptions and mobilizing international investors. It will even change the view of many African investors, who will realize that we must lead the way.

Because if we come forward and show confidence in our continent by directing our savings into long-term investments in Africa, others will follow. This is one of the pillars of Africapitalism: Africans for Africa.

Obama’s visit was a milestone, one long hoped for, and one with lasting impact. It confirms that the age of aid is ending. It is now time for the private sector to lead.

* Elumelu is Founder of The Tony Elumelu Foundation, Chairman of Heirs Holdings Limited, and is the leading proponent of Africapitalism; the private sector’s commitment to the economic transformation of Africa.


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SERAP Says Phone Tapping Law Violates Human Rights, Calls for Withdrawal

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Socio-Economic Rights and Accountability Project (SERAP) has cautioned that existing interception and surveillance regulations in the country could be deployed against civilians and critics of the government if not properly subjected to legislative scrutiny.

SERAP Says Phone Tapping Law Violates Human Rights, Calls for Withdrawal

SERAP called on President Bola Tinubu to direct Bosun Tijani, minister of Communications, Innovation and Digital Economy,  to immediately withdraw the Lawful Interception of Communications Regulations, 2019.

In a statement earlier in the week, SERAP, described the rules as unconstitutional and inconsistent with Nigeria’s international obligations.

Also Kolawole Oluwadare, deputy director of SERAP, during an interview on Arise Television, called for greater transparency and public participation in shaping such regulations.

In its statement, the organization, said that the regulations establish a sweeping mass surveillance regime that violates Nigerians’ constitutionally and internationally guaranteed human rights, including to privacy and freedom of expression.

  • “The Regulations grant overly broad and vague powers to intercept communications on grounds such as ‘national security,’ ‘economic wellbeing,’ and ‘public emergency,’ without adequate judicial safeguards, independent oversight, transparency, or effective remedies. 
  • “Serious interferences with fundamental rights cannot be authorised through subsidiary regulations or exercised in secrecy without strict safeguards. 
  • “Surveillance measures that lack strict necessity, proportionality and independent judicial oversight can easily be weaponised against political opponents, journalists, civil society actors and election observers,” the organization stated.

And during an interview on Arise Television, Oluwadare, insisted that regulations with such far-reaching implications must undergo a thorough legislative process, including public hearings.

Oluwadare’s comments followed allegations by Nasir El-Rufai, former Kaduna State Governor, who had claimed that he and another individual intercepted a phone conversation involving Nuhu Ribadu, national security adviser.

The former Governor’s claims have since sparked renewed debate over the scope and oversight of surveillance powers granted to security agencies.

With the kind of weight and power this kind of regulation has, it should go through the legislative process and public hearing. These regulations will take away major rights Nigerians have,” Oluwadare said.

He argued that the current framework governing interception may not be necessary in its present form, noting that concerns remain over vague wording, insufficient safeguards for civil liberties, and the potential for abuse.

The SERAP deputy director expressed apprehension over how security agencies exercise interception powers.

“It is unclear how agencies like the DSS or the Office of the National Security Adviser utilise these powers, raising concerns that they might be used against civilians or government critics,” he stated.

According to him, regulations of such magnitude, especially those capable of impacting fundamental human rights, must be subjected to robust legislative scrutiny to ensure they strike a balance between national security and civil liberties.

Oluwadare clarified that his position does not amount to opposing an interception framework entirely, but rather advocating for one that aligns with international best practices.

“This stance does not advocate against an interception framework altogether, but rather suggests it should align with models found in other jurisdictions, incorporating robust safeguards as envisioned in existing legal frameworks,” he explained.

Oluwadare added that public participation would not only strengthen accountability but also enhance the effectiveness of such laws in addressing insecurity without undermining democratic freedoms.


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Kaspersky Enhances Network Detection and Response Capabilities with KATA 8.0 Release

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Kaspersky has announced a major update to Kaspersky Anti Targeted Attack 8.0 (KATA 8.0), designed to help organisations improve visibility across their networks and detect sophisticated cyberthreats earlier and with greater accuracy.

As the attack surface continues to expand and traditional network perimeters dissolve, security teams face growing challenges in controlling network traffic security. KATA 8.0 addresses these challenges with new detection technologies, broader network observability and tighter integration with Kaspersky’s security ecosystem and third-party solutions.

Advanced detection technologies for modern threats

KATA 8.0 introduces several new detection capabilities aimed at improving threat detection while reducing alert fatigue.

The new anomaly detection technology identifies suspicious network behaviour by analysing key protocols commonly abused in cyberattacks, such as DNS, HTTP and Kerberos.

Instead of inspecting all network traffic, the technology focuses on protocol-specific deviations while taking into account the organisation’s infrastructure and usage patterns. This approach significantly improves detection accuracy and helps reduce false positives.

With shadow IT detection, KATA 8.0 enables organisations to identify the use of unauthorised public services. The solution supports more than 5,000 external services, including popular cloud storage and collaboration platforms, helping security teams improve network visibility and regain control over corporate data flows.

KATA 8.0 also introduces retrospective scanning of user-uploaded traffic copies. Security teams can now upload PCAP files manually or automatically from other security systems and analyse them using the latest detection rules and updates across Kaspersky’s anti-malware, sandbox, IDS and other engines. This enables deeper investigations and the discovery of threats that may have gone undetected at the time of the incident.

In addition, KATA now can collect all the observables from the network traffic including file names, URLs and hashes – not only malicious objects, but also the safe ones. This allows analysts to identify potentially compromised users and suspicious activity even when objects initially appear clean, providing a broader and more proactive security perspective.

Stronger integrations for faster investigations and response

KATA 8.0 also enhances integration with other Kaspersky solutions and external platforms to streamline investigations and improve response times.

Integration with Kaspersky Security for Mail Server (KSMS) enables dynamic scanning of password-protected email attachments in the KATA Sandbox, while enriched KATA alerts now include full visibility into actions taken by KSMS, such as blocking or deleting suspicious content.

For organisations using Managed Detection and Response (MDR), KATA 8.0 acts as a network sensor supplying telemetry directly to the MDR cloud. MDR analysts can now also request additional context from KATA directly through the MDR interface, without involving the customer, significantly accelerating investigations.

The solution also supports automated file submission from Kaspersky Endpoint Security (KES) to the KATA Sandbox, enabling deeper analysis of suspicious files discovered on endpoints and faster response actions when malicious verdicts are confirmed.

To strengthen active response capabilities, KATA 8.0 introduces new connectors for Check Point NGFW, allowing the solution to automatically generate blocking rules based on detected malicious network activity and enforce them at the firewall level in near real time.

Ilya Markelov, Head of Unified Platform Product Line at Kaspersky, says: “Kaspersky Anti Targeted Attack 8.0 was designed to provide high level of visibility, enabling proactive threat detection, deeper investigations and more confident response decisions through advanced analytics and tight integration with endpoint protection, email security, MDR and other products and services.

“As part of its long-term development strategy, in future releases we plan to move KATA to the Open Single Management Platform (OSMP). This will enable seamless integration with multiple Kaspersky solutions and third-party components through a unified web console, supporting NDR, EDR, SIEM, XDR and more within a single security ecosystem.”


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Court Fines Lafarge Africa N2m for Using Ex-Employee’s Name, Details Online after Dismissal

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National Industrial Court of Nigeria in Lagos has ordered Lafarge Africa Plc to pay N2 million in damages to a former employee after finding that the company unlawfully retained and continued using his personal data years after his exit.

Court Fines Lafarge Africa N2m for Using Ex-Employee’s Name, Details Online after Dismissal

In a judgment delivered on February 17, 2026, in Suit No. NICN/LA/60/2022, Justice Ikechi Gerald Nweneka ruled that the cement manufacturer breached the claimant’s right to privacy by listing his name and contact details in official purchase orders long after his employment ended.

Mr. Kehinde Adeniyi Johnson, claimant, had approached the court in February 2022, alleging that although he left the company in November 2019, his name, personal email address and phone number remained attached to Lafarge’s.

He sought multiple declarations and N50 million in general and aggravated damages, arguing that the continued use of his identity amounted to unlawful usage, fraudulent misrepresentation and emotional distress.

According to court filings, Johnson told the court that he kept receiving calls, emails and WhatsApp messages from suppliers and logistics agents regarding consignments intended for Lafarge.

He recounted an incident involving a shipment from India: after being contacted by a dispatcher, he accepted delivery but was denied access to company premises upon arrival.

He later alleged that he was attacked by armed robbers in the aftermath, blaming the exposure created by the company’s continued use of his identity.

Lafarge denied liability, attributing the issue to a system malfunction. The company maintained that it deactivated Johnson’s official email and server access upon his departure and notified relevant suppliers of his disengagement.

It also challenged the court’s jurisdiction, arguing that claims relating to tort and emotional distress fell outside the court’s scope.

In addressing preliminary objections, Justice Nweneka dismissed the company’s challenge to the admissibility of emails and WhatsApp messages tendered as evidence, holding that the communications were not hearsay since they involved the claimant and company representatives.

On jurisdiction, the court held that the dispute stemmed directly from the employment relationship and therefore fell within its competence.

It further clarified that the suit was not brought under the Fundamental Rights Enforcement Procedure Rules, making it properly instituted before the court.

After reviewing the evidence, the judge found that Lafarge continued to use Johnson’s name and telephone number in purchase orders well after his exit, thereby violating the Nigeria Data Protection Act and Section 37 of the 1999 Constitution, which guarantees the right to privacy.

he court also upheld the claim for intentional infliction of emotional distress, describing the company’s conduct as reckless, particularly after it had been formally notified by the claimant’s solicitors.

However, several other claims including those relating to human dignity, tortious interference, indemnification and aggravated damages were dismissed for lack of proof or improper framing.

In awarding N2 million in damages, the judge cited statutory limits under the data protection law and the principle of proportionality.

The court further directed Lafarge to permanently erase the claimant’s personal data from its servers, applications and procurement systems, and to deactivate any pre-generated codes bearing his name.


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