E-Business
Sidra Capital goes Live on Agile FT’s Agilis IMS Software
Sidra Capital (DIFC) Limited, a Category-3A company, licensed by the Dubai Financial Services Authority (DFSA), has completed the successful implementation of Agilis Investment Management Suite.
The deployment of Agilis at Sidra Capital lays down a strong technology platform that enables Sidra Capital to pursue the omnibus business model in relation to the advisory provided to family offices for both Wealth Creation and Wealth Preservation.
It also fulfills Investment Banking, Corporate Finance as well as Family Office needs of both corporates and entrepreneurs.
Sidra Capital seeks to offer a hassle-free alternative to investors to tap capital markets. Agilis has also empowered Sidra Capital to ensure exemplary service levels and security to its clients, whilst enabling it to meet the stringent compliance and audit requirements of DFSA.
“We recognize the need to build a vibrant capital market that will support small to medium business in the MENA region with Investment Banking, Corporate Finance as well as Family Office solutions of both corporate and entrepreneurs. Our structure seeks to offer a hassle-free alternative for investors to tap capital markets.” said, Ajay Arora, CEO Sidra Capital (DIFC) Limited.
“Understanding client centric financial requirements, strengthening their growth and providing scalability options are some of the primary services we provide our clients. The 360 degree experience we have of the capital markets provides our clients with a strong path for wealth accumulation, wealth transfer and wealth preservation.” added Ajay Arora.
With its operating model, Sidra Capital is able to take away the cumbersome processes that investors would face otherwise, by offering a single bank account, a single custodian while Agilis IMS takes care of accurately segregating and maintaining the clients’ accounts and clients’ assets.
This enables Sidra Capital to focus on its core goal of providing advisory services to revitalize the capital markets, the SME segments as well as entrepreneurs who can do with more advice and less obstacles.
Agilis Investment Management Suite has won many accolades and awards for its new generation technology and ground breaking features that the Investment Management Community has long wanted.
Sidra Capital conducted a thorough due diligence on a dozen leading software solutions in the investment technology space, using stringent evaluation criteria across front, mid and back-office functions including the ability for the software to manage investments across various asset classes including equities, money markets, debt, derivatives and structured instruments.
Sidra Capital chose Agile FT’s Agilis Investment Management Suite for what Ajay Arora calls its “Double S” edge of Service & Security.
“It was a perfect match as Service and Security are of paramount importance to Sidra Capital and we need to ensure the highest levels for our customers and regulators. We found that Agile FT stood by the same values in its organization and its software solutions.”
The entire implementation was done in just six weeks owing to the clarity in objectives of the Sidra Capital Core Team together with the robustness and flexibility of the Agilis IMS system.
Moreover the complete deployment process was carried out remotely by Agile FT’s strong Development Centre in India.
“We had a smooth and seamless implementation without feeling the need to even physically meet the deployment team as the superior use of web based technology enabled us to complete the entire process online,” said Arora.
Kalpesh Desai, CEO, Agile FT added, “Sidra Capital’s leadership team is extremely focused and were clear on what they wanted to accomplish from both a go-to-market and from a regulatory compliance process. The implementation process which was completed in record time is an example of exemplary teamwork across both enterprises.”
Agilis IMS has automated the entire end-to-end operations in Sidra Capital, from, client onboarding, KYC, wealth management, security controls, compliance, and reporting to accounting.
“We are happy that Agilis IMS has been able to deliver value to Sidra Capital given that they had a very high benchmark for risk management and wanted to implement a pioneering Omnibus model. The customer core team was very particular about its exact workflow, processes and controls and we were able to map Agilis IMS to the exact specification owing to its flexible platform, strong architecture and straight through processing across Front-Mid-Back Office,” stated Shefali Khera, chief marketing officer & business head at Agile FT.
“Agilis IMS has been truly able to map our unique value proposition of the desired model. We can give real time and instant reports to clients any time they want, and we are always ready for an audit by the regulators as everything is automated, recorded and controlled. We don’t even need a separate accounting system as Agilis gives us all our financial reports as well. One solution gives us the complete analysis that our enterprise needs through Dashboards and MIS. Overall we are happy that we made the right investment in Agilis technology and are in a position to provide outstanding service and security to our clients at all times,” said Arora.
E-Business
Kaspersky Uncovers New Mirage Kitten Malware Used in Cyber-espionage Campaign Across Africa, Others
Kaspersky Global Research and Analysis Team (GReAT) has discovered a previously undocumented malware set used by Mirage Kitten APT. The findings were revealed at its annual Kaspersky Cyber Security Weekend for the Middle East, Turkiye and Africa (META).
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The malicious tools were used in a targeted campaign aimed at maintaining long-term access to victim networks and stealing sensitive data.
The company’s researchers have identified victims of this campaign across the Middle East and Africa, including organisations in Egypt, small and medium-sized businesses and government entities in Jordan and Tanzania, aviation organisations in Pakistan, telecommunications companies in Ethiopia and financial-sector entities in Burkina Faso.
The toolset consists of three custom programs. At its core is NightLedger, a newly discovered Windows backdoor attributed to the group based on code and behavioural similarities to its previously known malware, which gives the attackers remote control over infected machines: they can run commands, explore and transfer files and capture screenshots.
It is complemented by two covert tunneling tools, ArcBridge and BridgeHead, which effectively turn a compromised computer into a relay node: the attackers run their tools on their own servers, while all the resulting traffic is quietly funneled through the victim’s machine, as if it originated from inside the victim’s network.
This lets them slip past network defences and preserve long-term access without drawing attention. The first of these tools was identified in April 2026 in activity targeting victims in the Middle East.
While the initial access vector remains unclear in most cases, Kaspersky GReAT researchers observed BridgeHead being deployed during post-compromise activity in victim environments in Egypt and at an aerospace and aviation organisation in Pakistan. In those cases, the intrusion activity followed targeted spear-phishing attempts consistent with the group’s known methods.
The lures were highly tailored including recruitment-themed messages impersonating trusted brands and hiring platforms, as well as fake videoconferencing pages that redirected victims to malicious archive files hosted on third-party file-sharing services.
“Based on our latest findings, we conclude that Mirage Kitten continues to evolve its malware arsenal in support of targeted cyber-espionage operations across the Middle East and Africa.
“Another notable aspect of the campaign is the group’s continued reliance on tunneling utilities as part of its operational toolkit: in practice this enables attackers to bypass network controls, maintain covert access to compromised environments and significantly complicate detection efforts.
“Given the persistence and sophistication of these techniques, organisations and defenders should incorporate these findings into their threat assessments and strengthen their detection and response capabilities accordingly,” says Omar Amin, senior security researcher at Kaspersky GReAT.
E-Business
NDPC Directs DCPMIs to Register with Agency or Face Legal Consequences

Nigeria Data Protection Commission (NDPC) has directed all Data Controllers and Data Processors of Major Importance (DCPMIs), yet to register with the commission to do so immediately.

This followed a Federal High Court judgment affirming NDPC statutory powers to designate and register such entities.
DCPMIs are entities operating in Nigeria that handle sensitive personal data or large volumes of information, requiring mandatory registration with the NDPC under the Nigeria Data Protection Act (NDPA).
In a statement issued on Tuesday by Babatunde Bamigboye, head of Legal, Enforcement and Regulations at the NDPC, described the judgment as a major milestone for data accountability and regulatory oversight in Nigeria.
The commission said the ruling arose from a suit filed by Emmanuel Harunna against the NDPC in Emmanuel Harunna v. NDPC (FHC/L/CS/1116/2024), in which the applicant sought a declaration that Point of Sale agents were not Data Controllers or Processors of Major Importance under the Nigeria Data Protection Act and requested a perpetual injunction restraining the commission from registering them.
According to the statement, Justice F.N. Ogazi examined the commission’s Guidance Notice on Registration alongside Sections 5(d), 6(c), 44, 45 and 65 of the Nigeria Data Protection Act before concluding that the commission acted within its statutory powers in designating entities under the Major Data Processing – Ordinary High Level category as Data Controllers and Processors of Major Importance.
Quoting the judgment, the statement read, “The Nigeria Data Protection Act was enacted to promote accountability, transparency and responsible data governance. Registration enables the Respondent to identify entities engaged in significant data processing activities, monitor compliance.”
It added that the court held that, “Far from undermining the constitutional right to privacy, the registration framework is one of the statutory mechanisms designed to safeguard that very right by subjecting data controllers and data processors to effective regulatory oversight.”
The statement further quoted the court as saying, “Looking at the recitals of the Guidance Notice, there is every indication that the Guidance Notice is also aimed at protecting the privacy and security of data subjects, thus bringing the registration requirement of the Guidance Notice within the protective shield of Section 45 of the 1999 Constitution.”
According to the commission, the court also held that, “Remarkably, Section 63 of the Data Protection Act provides that the provisions of the Act shall prevail over any other law inconsistent with its provisions on matters relating to the processing of personal data.”
Reacting to the judgment, the commission described the decision as a significant boost to Nigeria’s data protection regime.
“The Commission appreciates the ground-breaking efforts of the court towards the advancement of the jurisprudence relating to data accountability in Nigeria, as eloquently demonstrated in this case,” the statement read.
Following the ruling, Vincent Olatunji, national commissioner and chief executive officer, had directed every Data Controller and Processor of Major Importance that had yet to comply with the registration requirement to register without delay.
The commission warned that entities failing to comply with the registration requirement could face legal consequences.
“Failure to register creates serious legal liabilities under the law, while compliance with registration requirements builds public trust and safeguards the fundamental rights and freedoms of data subjects in Nigeria,” the statement added.
E-Business
UNN to Partner Firm on AI, Smart Mobility Innovation Centre

The University of Nigeria (UNN) is set to partner with The Roxettes Group to establish a research and innovation centre focused on artificial intelligence (AI), smart and green mobility, and digital technologies, in a move aimed at strengthening research, entrepreneurship and technology-driven industrial development.

Chairman of The Roxettes Group, Arc. Dr. Kaycee Orji-Kelechi, announced the proposed partnership while delivering his acceptance speech after receiving an Honorary Doctor of Business Administration (Honoris Causa) during the university’s convocation ceremony.
The proposed facility, to be known as the Dr. Kaycee Orji Centre for Artificial Intelligence, Smart/Green Mobility and Digital Innovation, is expected to provide a platform for research, innovation and collaboration between academia and industry, with a focus on developing commercially viable solutions to local and continental challenges.
Orji-Kelechi said the initiative was conceived as a long-term investment in human capital and technological advancement rather than simply another physical infrastructure project.
He said the vision was to position the University of Nigeria among Africa’s leading institutions in artificial intelligence, smart mobility and digital innovation through research, entrepreneurship and technology development.
According to him, the centre will house five specialised laboratories covering artificial intelligence and machine learning, smart and green mobility, robotics and the Internet of Things (IoT), digital finance and financial technology, as well as cloud computing and advanced data centre technologies.
He also announced plans for the proposed Kaycee Orji Founders Innovation Challenge, an annual programme intended to identify, mentor and support innovative ideas from students, researchers and academic staff with the potential to become scalable businesses.
“Every student of this University should know that a great idea conceived in a classroom should have a pathway to becoming a patent, a startup, a global enterprise, and a solution that transforms society,” he said.
Orji-Kelechi disclosed that preliminary conceptual work on the project had commenced, with architectural and engineering designs being prepared by K.KH Contractors Ltd., a subsidiary of The Roxettes Group.
He added that discussions with the university would begin on identifying a suitable site for the project, while a comprehensive proposal containing architectural drawings, engineering designs and an implementation framework would be submitted after completion of the design phase.
Reflecting on his career, Orji-Kelechi said Africa must move beyond consuming innovation to creating it through investment in manufacturing, technology and entrepreneurship.
“We have pursued one simple vision: that Nigeria and Africa must move from consumption to production; from importing innovation to creating it; and from waiting for opportunities to building them,” he said.
He urged graduating students to see their education as a foundation for solving societal challenges through innovation, leadership and enterprise, adding that he remained committed to promoting industrial development, youth empowerment and sustainable economic growth.
The proposed collaboration forms part of broader efforts to strengthen university-industry partnerships, which are increasingly seen as critical to improving research commercialisation, innovation capacity and technology-led economic development in Nigeria.
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