E-Business
South East Technology Ecosystem Requires Courageous Investors- Anika

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.
E-Business
Privacy Crisis May Undermine Local Hosting of Data by Banks, Fintechs

Nigeria’s weak data protection guardrails may undermine the recent directive by Central Bank of Nigeria (CBN) to banks, fintech firms, and other payment service providers to store payment transaction data generated within the country local servers.

CBN said that the new rule will start from January 1, 2027, as part of new measures to strengthen oversight of the fast-growing digital payments ecosystem.
This will also provide the country greater control over critical data infrastructure, allowing authorities to easily access records, conduct audits, enforce compliance, and investigate, especially in cases where criminal offenses are involved, reducing delays often caused by intermediation between local and foreign entities.
Apart from data sovereignty, the CBN added that moving transaction records from foreign servers will help drive investments in local data centers and cloud storage capacity.
Though reliable estimates are hard to come by, it is believed that Nigeria loses over N60 billion in hosting data in foreign servers.
But a coalition of civil society organizations (CSOs), has raised concerns over safety measures in place to protect data of Nigerians, despite having data protection laws in place.
The coalition, comprising Media Rights Agenda, Paradigm Initiative, Digital Rights Lawyers Initiative, and Accountability Lab Nigeria, among others, released the “Protected From the State, Not By It: Nigeria’s Data Protection Crisis Is a Crisis of Implementation,” where they criticized regulators’ failure to effectively enforce data protection laws, which led to rising cases of digital fraud and rampant illegal sale of sensitive information.
There have been leaks of sensitive voter, financial, and personal records.
For instance, there was alleged unauthorized access to the Continuous Voter Registration (CVR) database of the Independent National Electoral Commission (INEC) during a nationwide CVR exercise.
INEC earlier released the preliminary findings of its investigation into the matter, saying that it found no external breach of its systems and that the personal information of over 90 million registered voters was not compromised.
Despite this, CSOs argued that the incident underscored the lack of oversight, adding that it showed that while data privacy laws are in place, sensitive information can be easily moved from a secure government database and into the hands of private political entities.
The coalition also pointed out regulators’ failure to conduct human rights impact assessments on public surveillance systems before related programs were deployed, urging the government to act on these issues by subjecting public institutions to the same compliance requirements as private organizations.
“This is the asymmetry at the heart of the crisis: citizens are under-protected from data abuse and over-exposed to state monitoring and punishment,” the CSOs stated.
Additional report by coingeek
E-Business
AI-Powered Scams are Biggest Payment Fraud Threat -Visa Report

Visa, a multinational firm into payment card services says Artificial intelligence enabled scams have emerged as the fastest-growing source of consumer payment fraud globally as cybercriminals increasingly target people.

Visa stated this in its Mid-year 2026 Biannual Threats Report released on Wednesday in Lagos.
The report said scammers were increasingly using AI tools and social engineering tactics to manipulate consumers into authorising fraudulent payments themselves.Premier League Fixtures
It indicated that from July to December 2025, Visa identified nearly one billion dollars in scam-related activity, making scams the largest category of consumer payment fraud.
According to the report, fraudsters now impersonate trusted brands and institutions, create a sense of urgency and deceive victims into completing seemingly legitimate transactions.
The report said stronger network-level security had reduced opportunities for direct system compromises, forcing criminals to shift their focus to exploiting human trust.
It revealed that fraud involving device tokens declined by 9.6 per cent between July and December 2025, compared with the same period in 2024.
The report identified accelerating scams, growing use of AI in fraud, migration of attacks from technology to people, and evolving ransomware trends as key developments shaping payment security.
It stated that global ransomware activity rose by 26 per cent during the review period compared with the corresponding period in 2024.
However, only 23 per cent of ransomware victims paid ransoms, the lowest level on record, reflecting improved resilience and recovery capabilities, according to the report.
Commenting, Mr Paul Fabara, chief Risk and Client Services officer, Visa, said that payments at network level continued to get safer, but threats were evolving faster than ever
Fabara said criminals were increasingly using deception, urgency and AI-enabled tools to exploit trust, requiring stronger collaboration across the payments ecosystem.
Also, Andrew Uaboi, vice president and Cluster head, Visa West Africa, said AI had significantly lowered the barriers to entry for fraudsters.
“What once required deep technical skill can now be executed with a prompt,” Uaboi said.
He said intelligence-driven defence and coordinated action across the ecosystem were becoming increasingly critical to protecting consumers from emerging threats.
E-Business
How to Build a Safer Cyberworld for People, Business, and Society

Kaspersky has released its Sustainability Report for 2024–2025, outlining how the company is working toward a safer and more resilient digital future.

The report reflects Kaspersky’s broader commitment to responsible business — protecting people and organisations from cyberthreats, supporting law enforcement cooperation, investing in secure technologies, and helping strengthen the digital resilience of societies and economies.
In 2024-2025, the company continued advancing digital sustainability and strengthening global cyber resilience, reducing thedisruption, financial losses and social risks caused by cyber incidents, and enabling safer and more stable conditions for digital adoption across economies and societies.
Over the period, the number of detected advanced persistent threat (APT) groups and operations has increased significantly — by 74% compared to 2023, supported by intelligence gathered through five dedicated Expertise Centers.
Building a safer cyberworld
A significant part of Kaspersky’s social impact comes from the company’s cooperation with global law enforcement agencies. During the reporting period, the company contributed to joint operations with INTERPOL and AFRIPOL that resulted in the arrest of more than 2,600 suspected cybercriminals.
From a sustainability perspective, this shrinks the opportunities attackers can exploit — making digital environments safer for governments, businesses and individuals, and lowering the long-term economic and social costs associated with cyber incidents.
During the reporting period, Kaspersky formalised its collaborations with AFRIPOL, signing a five-year cooperation agreement, and delivered cybersecurity training to law enforcement representatives from 23 African countries, covering the fundamentals of Security Operations Center (SOC) operations and advanced threat hunting techniques.
This capacity-building work has a compounding effect: as local teams become more capable of independently detecting and responding to threats, the overall resilience of the digital ecosystem increases, while the cost and duration of cyber incidents decrease over time.
Implementing future tech
To effectively protect people, businesses and public institutions from evolving cyberthreats, Kaspersky constantly improves its security solutions and conducts cybersecurity research to stay one step ahead of attackers.
In 2024–2025 the company was granted 155 patents, including 135 AI-related ones. Its global R&D team of around 3,000 employees also produced 373 research publications. Together, these efforts help advance the baseline of secure technologies available to the market.
This reduces systemic vulnerability in digital infrastructure and supports more stable technological adoption at scale.
Responsible innovation frameworks further reinforce this effect. By joining the European Commission’s AI Pact and supporting the UN Global Digital Compact, Kaspersky has aligned its development practices with emerging global governance standards.
This contributes to sustainability by helping reduce the risks of unsafe AI deployment, such as misuse, bias or system exploitation, which could otherwise undermine trust in digital transformation.
The company’s Cyber Immunity approach, implemented through KasperskyOS, adds another layer of long-term sustainability impact by shifting security from reactive protection to architectural resilience.
Instead of repeatedly patching vulnerabilities, systems are designed to be inherently resistant to compromise, which reduces maintenance overhead, lifecycle risk and resource inefficiency in securing digital environments.
Among the new product launches, the Kaspersky eSIM Store expanded the company’s offering beyond cybersecurity into mobile connectivity. By reducing reliance on physical SIM cards and making global mobile access more seamless, the solution supports more sustainable travel and digital lifestyles.
Together with that, Kaspersky also released Kaspersky Cloud Workload Security for protecting cloud workloads wherever they reside: on servers or virtual machines, or in private, public, or hybrid clouds, etc.
“At Kaspersky, we see cybersecurity not only as a technology issue, but as a social one. Every day, people rely on digital services to work, communicate, study, receive services and manage their lives and they need to be able to do this safely.
“That is why our sustainability agenda starts with our core expertise: protecting people, organisations and critical systems from cyberthreats. But it also goes further — through responsible innovation, transparency, partnerships and support for communities.
“This report shows how our technologies, research and cooperation with partners translate into practical impact: fewer risks, stronger resilience and a safer digital environment for everyone,” said Maria Losyukova, Head of ESG & Sustainability at Kaspersky.
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