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South East Technology Ecosystem Requires Courageous Investors- Anika

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Nnamdi Anika is the managing director, Genesys Tech Hub, by Tenece Professional Services, and a twin-purpose Technology Hub that serves as a talent refinery and innovation incubator for young minds in all technology-driven sectors of the economy, with focus mainly on startup ecosystem in South East, Nigeria.

Located in Tenece’s state-of-the-art Eastern Regional Hub in Enugu, which is designed to support and equip its residents – who are mostly budding entrepreneurs – with sophisticated tools for unearthing the most formidable startups, Genesys Tech Hub represents an oasis of technology in the region. Anika, the managing director, Genesys Tech Hub, Enugu State, in a chat with select technology reporter in lieu of the just concluded GenesysIGNITE, shares the idea behind establishing the Hub. Peter Oluka was there for Nigeria CommunicationsWeek

Can you speak briefly on Genesys Tech Hub’s key focus areas?

Genesys Tech Hub is what we call ideas, creativity and knowledge-based platform. It is designed to drive innovation and productivity in the South East, and Nigeria at large. Our focus is on undergraduates and earlier graduates. The Hub is designed to serve three main purposes; first, it is a centre of learning and development that is tilting towards mitigating the areas of digital divide in this region. In that regard we created- Codename: Learnable. Essentially, it is a six months internship/bootcamp. Most of the participants are drawn from undergraduates who are undergoing internship or Industrial Attachment Training (IT) programme.

The second programme is focused on creating enabling environment for startups. The idea is to expand their horizons, give them access to market and resources that may not be readily at their disposal. In this regard, we created a division called Genesys StartZone. It is simply our incubation programme; where we expose young startups to business mentoring, exposing them to some resources like legal support. The idea, for us, is to make sure that these startups get to a point they are matured to exist and run as independent business.

The third division serves as the nucleus of community of smart-young technology enthusiasts; these are talented individuals who are going to lead the tech revolution in the ecosystem, our region and Nigeria as a whole. That led to the creation of Agora.

How will these programmes and others in the offing help position startups for greater impacts?

The way we are running the system currently and based on the resources at our disposal, we try to take things in bits. We intend to upscale, accommodating as many as possible. We are aware that what we are doing is scratching the surface; there is a lot to be done. But in the last three years we have focused on undergraduates and fresh graduates. This has been the case because we have access to over 19 tertiary institutions based; it is based on our business model which we expect to impact the region even more in few years time.

Why South East? Why Enugu?

From a personal perspective, I grew up in this region. My undergraduate programme was the University of Nigeria Nsukka (UNN), before travelling to London School of Economics for my Master programme. So, from the onset there has been an observation. If you look at the peers around, upon graduation everybody is in a hurry to move to Lagos. For me, I have always thought that economies don’t grow in pockets.

To grow your economy, there must be diversification. Therefore, every region should have niche and create an ecosystem, such that, as people are graduating they can see an area capable of propelling the career. From that perspective, I always thought we need to do something. We can’t all keep running to Lagos.

As I was returning from UK, after my graduation, I had a lot of job offers from Lagos and Abuja. But I decided that I have to be in Enugu; somebody has to be here, working hard to ensure that our people have more opportunities. We have to diversify this economy.

I look at Lagos as an example and I am always like life’s expectancy rate is dropping; people are wake up at odd hours just to overcome traffic hurdles. Now is the time to spread the economy. From that perspective and attraction, I align with the saying ‘charity begins at home’. If you are looking outside Lagos, what comes to mind is the environment where you understand the terrain and the needs.

Then, if you look at Enugu, it has the most tertiary institutions in the regions- both private and public universities. It has the best access; very easy to access Ebonyi State, Anambra, Abia, Imo and others. It is central and it the international airport is a value addition.

It remains the capital of South Eastern region. In terms of infrastructure, you will see that Enugu is also leading in the park. It is the central point to create the Hub. At the end of the day, you intentions can’t be materialised if focused in one direction, but we need to have a base from which we can spread out.

Majority of the young people believe if it is not Lagos then you can’t make it. How is Genesys Tech Hub going to help them change the mind-sets, especially among the undergraduates?

We have started in a number of ways. The idea is to create a platform and enabling environment or a structure that can fertilise ideas (which is why many rush to Lagos). If you have such platform, then, why not stay back here and try it out. We are making this happen through the effort of our parent company Tenece Group. The business environment, especially, in the South East has proven there are a lot of opportunities here. We have over 200 staff in Genesys who may have desired to go to Lagos, searching for job. Genesys is on a pacesetting mission; such that people can observe us and see reasons to stay back here. The first things this Hub shows: it is possible.

The Hub is trying to create a sort of exposure to the undergraduates. There are different ways to build a system- some are meant to follow the system and learn along the way or you can actually create something, make yourself a leader for others to follow.

We have realised that it is doable and we are scaling it up. There are pockets of activities going on in the region requiring aggregation. Such way, key stakeholders gather, discuss the realities and show there is hope for this region by making a spark. That was the basis for GenesysIGNITE.

It was like getting more people to appreciate our startups and create platform for Government and private sector (that is the established technology related OEMs- Google, Microsoft, Nokia, etc.) to add value to what we are doing. Someone has to provoke that thought in these OEMs that there is more to Nigeria than Lagos. That is how we can make technology thrive in this region. We are looking at igniting the whole technological evolution in this region.

What are the intentional steps for a larger scale of conversion and restructuring the South East startup ecosystem?

What I have observed is that, in life, there are different approaches to solving a problem. There are textbook approaches, but the reality is that you can only take one step at a time. It is not easy to change peoples’ perception or make them align with a carefully designed roadmap. The first crucial step is creating a platform for people to understand that this thing can be done here. Create opportunity for them to meet others who have gone similar circle. They (the startup) need to understand why some people failed and other succeeded. Where they government policies that caused this? Is it because Lagos is the commercial city and naturally most things aggregate towards smart city. Are there conscious or deliberate things that the government and private individuals can do to reduce the pressure on Lagos? I have a lot of friends who are eager to come back to Enugu because people are risk averse. So, someone needs to enlighten the startups in the region; you can either be a leader or a follower.

Tenece has set the pace and I can promise you that a lot of organisations are encouraged by the Tenece’s story. The truth is that it is not going to happen in a day, we need to continue to create platform for this discourse and build the necessary infrastructure and systems to be able to impact the region. I was in a conversation with a friend, and he insisted, it is generally difficult to change the mentality of Nigerians.

So, he suggested that as new babies are born we need to create a space and start feeding them with the right information when you are used to a pattern it is usually difficult to break it. Some people are still querying me: guy, what are you doing in Enugu? However, we all recognise there is a problem, thinking or tilting towards the same pattern will not do us any good. We need courageous people, which is the idea behind what we are doing. We can’t run away from empowering our people; create supportive platforms.

Personally, supports shouldn’t always be financial. But the reality is that some people need those things to set up. We are working hard to see that happens. Our people like success stories; they believe in what they see, not visionary in most cases and that is the people. They want to ‘see and touch’ before believing. So, we want people to see that Genesys is not just another outliner. If you think so, what happens to TutorFinder or is it an outliner too? PlayJoor or House of Uwe, are they outliners too?

The GenesysIGNITE has also thought us that we need to get everybody involved. The platform is expanding beyond just ‘Genesys event’. Experience matters, so that they can talk to the young people. On our part, we are determined to back-up anything we say with action, such that the young people will see this is not just the usual talk and go. Daily, I see startups springing up in the South East.

This wasn’t the case about a year ago. To me, what has happened to Nigeria is that our over dependence on oil has exposed us. Today, everybody is sitting back to rethink and be more creative. One artiste sang ‘Owu saa gi, I ga-amalu ihe o’ (meaning, when you are broke, you become smarter). So, sometimes you need to be pushed to the wall. What we are trying to do is to see how we can reduce the gap and the timeline for this change to materialise. We don’t have all the answers, but consciously taking the steps to make things right. People are frustrated, even in Lagos.

How will GensysIGNITE assist in tackling startups waste in the region?

At the end of the day, which is what matters a lot, you can only execute a project as much as your strength can carry you. What we are trying to do is create a spark. With regards those that couldn’t get the $10,000 cash prize at the recent event, all hope is not lost. For instance, after the convergence some people walked up to me asking for database of the startups that pitched. Others said they didn’t hear the about the event on time. You may not believe this, all this was planned within a month. The idea came as a flash.

We just told ourselves there is need to do this. It was an eye opener. If you call for another pitch today, we will receive over 1000 pitches. The recent GenesysIGNITE had 147 pitches and it was due to time constraints; we reduced the number to nine who were exposed to external judges to bring about fairness and harness different opinions. I am a proponent of one step at a time, but make sure that at every second you are making progress. The idea behind IGNITE was to get more venture capitalists, and other interested investors to see that these startups exist and see how they can get involved. The spark will cause many successes among the startup ecosystem.

What are the plans to sustain GenesysIGNITE?

We believe what we have done has actually shown people there are a lot areas seeking solution. We believe people (and the Government) are going to come in and ask where and how to get involved. I remembered the first time I met our CEO, Mr. Kingsley Eze. One of the things that made me to align with him is the passion for the development of young people. Nobody can take this step without the passion. There are lot of people with similar passion but lack ideas on how and where to channel the intentions.

They are looking for structure to channel that. So, this has created the right pulse for stakeholders (government and private sectors) to come together; we are already getting feedbacks. Genesys is lucky to have Tenece as support system, but the truth is that we need more of Teneces to get involved. There are different means through which organisations can add value. As you are dwelling on your passion, a time comes that you need to partner to achieve greater impacts. In fact, during one of sessions after IGNITE, we agreed that a day is not enough for event of such magnitude. But as an inaugural event it served the purpose- to gather passionate people to carve a tech niche for the region. We can make South East one-stop (technology) attraction, not only from the Nigerian perspective, but at the global stage.

What has Genesys Tech Hub has been doing in the last three years of (structural) existence?

When you are engaged in a process, as you process you seek better ways of doing things. We started off with the internship programme. It was designed, not just a technical based training. We have structures for business entering programme. Each session ends with a bootcamp. From the onset the startup will understand they need to start looking at the environment and business ideas selling to the market. Towards the year, we usually have an exhibition where people pitch their ideas. While the pitching sessions are on you see the business sense of certain ideas, then, we go back and think of how to turn this to an acceptable ‘product’.

We also realised there are high techies that are not interested in business. They just want to build things based on latest trends- is it Artificial Intelligence, there are coming up with good ideas, but they are focused on the business side. So, we want to create a business side where these guys are opened to the opportunities. That was how Agora was initiated.

The Agora is still young; StartZone started last year and we have a product launched at the exhibition called ParkShop- which is almost ready to go into the market. It is an auto-spare parts market place. There are other startups showcasing. We have three startups incubating in StartupZone and they all came from the internship programme. Aside in-house instructors, we leverage partnership with OEMs to get other instructors.

How would you assess the quality of undergraduates coming for internship or fresh graduates who seek mentorship?

Truly, the government needs to pay attention to the educational sector. To achieve whatever mileage we desire, as a country, we must pay attention to the deteriorating educational sector. We probably don’t know how bad it is. I understand passion in teaching because as someone who grew up in the university environment I saw how my dad prepared for classes and how he carried the students along. I can’t tell how we lost it! I don’t think you should teach because you are smart, or because it’s the last resort. If you don’t have the passion, don’t get in there.

The passionate teachers don’t end up in the classrooms rather contribute further by engaging in research and development (R&D). The change should start from the basic education and even the way we (parents) teach our children. There is need for a teaching pattern that encourages people to explore their passions. We should stop all this long division, and flogging a child because h/she couldn’t solve a problem. We should deploy education that supports more of practical than theoretical learning.

For instance, when we are looking for basic skills before accepting an applicant, most of them are developed through self-help. Others would go out their way to approach people (in the industry) who have those skills, even when they are students. We must change our facilitators in these schools and revamp the curriculum to give room for productivity.

Do you think Startups (in South East) should focus on software or hardware or both)?

I think the world is changing; the world is gravitating around two things: renewable energy and artificial intelligence. We must make ourselves ready to become a global market in the technology space, specifically on artificial intelligence.

Future Plans for Startups at Genesys Tech Hub

We are looking at building hostels with adequate facilities to create a relaxed environment. Presently, the startups have to move to town, get what they want and come back. But in the next two to three months, the hostels should be ready so that if you are tired you can relax there and come back. This is actually what they want- there are swimming pool, sports centres and other facilities, so they don’t have to go to town before they can enjoy these things. In fact, some of them wouldn’t mind working for whole day, but we have to, at a point, force them to get refreshed.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

E-Business

Firm Detected a Fivefold Surge in QR Code Phishing Attacks in the Second Half of 2025

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Kaspersky has reported a spike in phishing emails containing malicious QR codes. Detections for these jumped from 46,969 in August 2025 to 249,723 in November 2025 – a more than fivefold growth – as cybercriminals increasingly exploit QR codes, a trend that will likely continue in 2026.

Attackers use QR codes in emails more frequently because they provide a simple and cost-effective way to conceal malicious URLs, evading detection by many protective solutions.

These QR codes are often embedded directly in email bodies or, even more commonly, within PDF attachments – an evolution that both masks phishing links and encourages users to scan them on mobile phones, which may have weaker security than work PCs.

Malicious QR codes commonly appear in mass phishing campaigns as well as targeted ones. Links embedded within them may lead to:

  • Phishing forms impersonating login pages for services like Microsoft accounts or internal corporate portals, designed to steal usernames, passwords, and other credentials.
  • Fake HR notifications urging employees to review or sign documents, such as vacation schedules, or even view lists of terminated staff, ultimately directing to credential-stealing sites.
  • Fraudulent invoices or purchase confirmations in PDF attachments, often combined with vishing (voice phishing) tactics that prompt victims to call provided phone numbers to “cancel” or clarify the transaction, enabling further social engineering attacks.

These tactics exploit trust in routine business communications, leading to credential theft, account takeovers, data breaches, and financial fraud.

“Malicious QR codes have evolved into one of the most effective phishing tools, particularly when hidden in PDF attachments or disguised as legitimate business communications like HR updates.

“The explosive growth in November 2025 highlights how attackers are capitalising on this low-cost evasion technique to target employees on mobile devices, where protection is often minimal.

“Without advanced image analysis at the email gateway and safe scanning practices, organisations are left vulnerable to credential compromise and downstream breaches,” comments Roman Dedenok, Anti-Spam Expert at Kaspersky.

To defend against this escalating threat, Kaspersky recommends educating employees on cybersecurity and deploying a mail server security solution such as Kaspersky Security for Mail Server that provides trusted and secure corporate email exchange, countering spam, email-borne infections, all forms of phishing, business email compromise (BEC), QR code attacks, and other threats.


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JustMarkets Unveils Top 5 Trading Assets for 2026 Profits

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As the world markets continue into a new cycle that sees them plunging into much trouble and uncertainty, the year 2026 beckons to be one that is ridden with high uncertainty and volatility in terms of geopolitical and macroeconomic trends. Although the year may pose various threats to traders, it also comes along with unparalleled opportunities that may be leveraged to achieve trading success through various trading assets set to display notable volatility trends in the year 2026.

JustMarkets Unveils Top 5 Trading Assets for 2026 Profits

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From long-term fundamentals to trading dynamics, these five key assets on JustMarkets are set to continue to be at the forefront in trading in 2026.

1. Gold (XAU/USD): The Ultimate Macro-Driven Asset

The gold price in 2025 reached $4,500 per troy ounce, and it continues to be one of the most traded assets world-wide. Gold is extremely sensitive to changes in the levels of inflation, interest rate forecasts, geopolitical events, and currency exchange rate movements. The recent years have shown the ability of the gold market to provide an extremely strong bullish momentum, as well as intraday momentum.

The relevance of the market of gold in the year 2026 specifically stems from the fact that the environment surrounding the economy of the world is facing challenges associated with growth, debt, and the policies of monetary easing. Despite the falling inflation rate in the economy, the real interest rates are also expected to be pressured downward, which has traditionally translated to favorable market conditions for the price of gold. The factor of geopolitics uncertainty and tensions between specific countries also adds to the significance of the market of gold.

For traders, the market offers favorable conditions because of its high volatility regime with adequate liquidity.

2. Silver (XAG/USD): Volatility with a Dual Personality

Silver often overshadows gold, but its performance in 2025 significantly outperformed its main competitor. The precious metal briefly reached $85, making it one of the best-performing assets in 2025. While silver, like gold, is sensitive to monetary policy and market sentiment, it also enjoys strong industrial demand related to energy transition technologies, electronics, and manufacturing.

This dual nature makes silver one of the most volatile and fastest-growing precious metals and trading instruments overall. In 2026, as global growth expectations fluctuate and industrial cycles remain uneven, silver will experience sharp directional movements and prolonged periods of volatility, but will fundamentally maintain a growth trend similar to gold.

For traders seeking high volatility, silver offers even greater percentage swings than gold, making it a powerful tool for well-managed strategies, both scalping and holding positions for multiple days.

3. Oil (WTI & Brent): Trading Supply, Politics, and Policy

Oil is still among the market-sensitive commodities. The change in OPEC+ production levels, global events affecting major oil-producing nations, as well as changes in global demand can cause prices to surge within a matter of hours.

Turning the focus on the outlook for the year 2026, it seems likely that the oil market will face well-supplied conditions. However, this will not mean extremely small degrees of volatility. Events surrounding Venezuela represent yet another key source of uncertainty. Changes within US policies regarding Venezuela, the export of oil, and the political leadership of the country could represent important influences on the levels of supply, especially when the focus shifts towards the heavier grades. Yet, the possibility of a substantial recovery looks very unlikely.

Even in highly saturated markets, surprise disruptions, production policy changes, or geopolitical tensions, particularly in the Middle East, Eastern Europe, and Latin America, can cause sharp price moves. Conversely, macroeconomic growth slowdowns or money market cycles may exert pressures on demands, thereby leading to highly two-sided markets.

4. US Stock Indices (Dow 30, S&P 500, Nasdaq): Liquidity and Trend Potential

US indices continue to be key trading assets in global trading activity. The Dow Jones, S&P 500, and Nasdaq reflect US economic performance, as well as global risk appetite, capital flows, and technological leadership, primarily driven by the AI boom.

In 2026, stock markets are likely to face divergent forces. On the one hand, monetary easing is supporting valuations, while slowing economic growth, declining interest in AI, and political uncertainty are increasing volatility and the risk of a deeper sell-off. This combination often leads to strong moves, deep corrections, and renewed all-time highs.

Indices offer unrivaled liquidity, clear technical behavior, and the ability to express macroeconomic views without the risk associated with individual stocks, making them important tools for both short-term and position traders.

5. EUR/USD: The World’s Most Traded Currency Pair

EUR/USD remains the benchmark for forex trading. Its deep liquidity, tight spreads, and technical clarity make it a favorite among professional traders. More importantly, the euro reflects the balance between the world’s two most influential central banks: the Federal Reserve and the European Central Bank.

As interest rate differentials narrow and fiscal dynamics shift on both sides of the Atlantic, there’s every reason to believe EUR/USD will experience prolonged and powerful trending phases, punctuated by strong reactions to economic data and central bank signals.

In 2026, shifts in growth expectations, inflation trajectories, and political developments in both regions will keep this pair highly active, making EUR/USD a preferred option for traders who value stability, transparency, and adaptability across all trading styles.

Perfect Assets to Trade in 2026

These five markets unite their relevance on a global stage, and the responsiveness of these markets to macroeconomic and geopolitical events. Markets traded in gold, silver, oil, US indices, and the currency pair EUR/USD include the combination of markets most traders seek: deep liquidity, clear structure, and meaningful volatility.

On the JustMarkets trading platform, these instruments excel because of the optimal trading conditions offered, ensuring effective active trading. Tight spreads, fast execution of orders, as well as high leverage of up to 3000, enable traders to react swiftly to key market drivers, such as central bank statements or inflation figures, as well as geopolitical events.


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Firm Detected a Scam Exploiting OpenAI’s Teamwork Features

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Kaspersky has detected a scam tactic leveraging the OpenAI platform. Attackers are abusing OpenAI’s organisation creation and team invitation features to send spam emails from legitimate OpenAI addresses, potentially tricking users into clicking scam links or calling fraudulent phone numbers.

The spam campaign begins with attackers registering an account on the OpenAI platform. During registration, users are prompted to enter an organisation name, which can consist of any combination of symbols. Scammers exploit this by embedding deceptive text and fraudulent links or phone numbers directly into the field for organisation name itself.

Once the “organisation” is created, OpenAI provides an option to “invite your team,” allowing the input of target email addresses of victims. When invitations are sent, they originate from OpenAI’s address, making them appear fully legitimate from a technical standpoint.

Kaspersky detected several types of messages containing email threats sent in such a way. These are scam emails that promote fraudulent offers, such as adult services. Another attack angle is vishing – false notifications claiming a subscription has been renewed for a large sum: attackers instruct recipients to call a provided phone number to “cancel” the charge or take other actions that lead to further compromise. There may also be other email threats spreading via OpenAI platform.

The text that the attackers want the victims to read (highlighted in bold in the email template) is structurally inconsistent with the rest of the email template – which was originally designed to invite project collaborators. But the attackers bet on the fact that the victims would not pay attention.

“This case highlights a vulnerability in how platform features can be weaponised for social engineering email attacks. By embedding deceptive elements in seemingly innocuous fields like organisation names, scammers attempt to bypass traditional email filters and exploit user trust in reputable services.

“We urge all users to verify invitations carefully and avoid clicking embedded links without scrutiny. We also recommend brands to consider whether their online services or platforms could be abused by attackers,” comments Anna Lazaricheva, senior spam analyst at Kaspersky.

 


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