E-Business
TD Africa Scoops Multiple Awards @Huawei Connect 2024 in SA

The multiple award winning, Africa’s number one distributor of cutting – edge technology solutions, TD Africa Limited, once again took the centre stage as it was decorated with multiple awards at the just concluded Huawei Connect 2024 which took place at the Sandton Convention Center, Johannesburg, South Africa.
The event which was themed: “Accelerate Industrial Intelligence,” attracted policy makers, tech enthusiasts and industry leaders to among other things celebrate outstanding partners in its distribution chain and unveil new additions of its solutions.
TD Africa’s honour was first, for its outstanding performance in unrivalled after-sales support services which engender customer satisfaction; second, for its exceptional distribution channel which reflects its understanding of the market, extensive network, and strong relationships across the continent; and third, for its unwavering commitment to skills development, equipping partners and resellers with the requisite knowledge and expertise to effectively sell and support Huawei’s products.
To these three, TD Africa bagged the awards for: Authorised Service Centre in Africa, Distributor Partner of the Year, and Training Partner of the Year, respectively.
These awards buttress the Nigerian company’s position as a trusted partner and a key driver of Huawei’s success in Africa as its dedication to service, distribution excellence, and skills development resonates with the broader themes of collaboration and capacity building that underscored the 2024 edition of Huawei Connect.
While Huawei emphasised its commitment to developing digital talent in Africa through various initiatives and collaborations to further unlock the region’s digital potentials, it also showcased its cloud computing solutions designed to empower businesses with scalability, flexibility, and cost-efficiency.
Buttressing this commitment, Mrs Chioma Chimere, the Coordinating Managing Director at TD Africa, said collaboration in driving digital transformation and bridging the digital divide cannot be over emphasised citing TD Africa’s existing “Technology as a Service (TaaS)” initiative, which enables SMEs to embrace digital transformation by converting upfront capital expenditures into manageable operational expenses.
Her words: “TDAFRICA is committed to empowering Africa through these initiatives and more and will continue to drive its commitment of empowering individuals and businesses on the continent, making transformational technologies accessible, affordable and usable through these initiatives.”
The solutions unveiled by Huawei at the event cut across public sector, finance, power and intelligent services and they include: Xinghe Intelligent Network Solution, Xinghe Intelligent Campus, Xinghe Intelligent Fabric, Xinghe Intelligent WAN and Xinghe Intelligent Network Security.
According to the company’s President, data communications product line, Leon Wang, “these comprehensive offerings leverage AI technology and the Net5.5G target architecture to address the evolving needs of businesses in the intelligent era.”
While experts at the conference critically looked into the transformative potential of Artificial Intelligence (AI) and cloud technologies in sectors such as agriculture, healthcare, and manufacturing, the two-day conference also called on governments and employers of labour on the continent, to equip their workforce with requisite skills, such as TD Africa is doing, for a digital future.
To this, Panyaza Lesufi, the Premier of Gauteng Province, South Africa, tasked governments and businesses on embracing digital transformation with innovative solutions like those offered by Huawei to enhance service delivery to remain competitive in the global arena.
E-Business
FG Mulls Fibre Optic Layout to Bridge Internet Gaps

President Bola Tinubu said that his administration has initiated a project to install fibre optic cables across the country, aimed at enhancing the socio-economic development of Nigeria.
His plans were contained in a speech he delivered at a joint session of the National Assembly in commemoration of Democracy Day on Thursday, June 12.
He said the fibre optic layout is part of other projects being embarked on.
“In addition, we have embarked on an ambitious project to lay fibre optic cables across the nation, a transformative step toward bridging the digital divide and fostering greater connectivity.
“This initiative promises not only to enhance the speed and reliability of internet access but also to revolutionise how businesses operate, how students learn, and how communities stay connected,” Tinubu stated.
He maintained that by extending this critical infrastructure, his government is empowering entrepreneurs, enabling digital education, and providing the tools for our youth to compete in a globalised world.
In a most recent report on Internet connectivity, The ICIR pointed out how Nigeria has faced setbacks in its deployment of fibre optic cables and needs a transformation.
The challenges revolve around vandalism, inadequate coordination between road construction and telecom infrastructure, and varying right-of-way (RoW) charges across states.
Among industry experts, these issues impact network outages, increase repair costs, and hinder broadband expansion efforts.
It has also further threatened the digital economy, leading to slower Internet speeds, dropped calls, and unreliable connectivity among others.
E-Business
African Startups Raised $345m in Funding in May

African startups raised more than $345 million across 65 deals in May, more than double the amount raised in the same period of last year, according to a report by Briter, a research and business intelligence firm.
The report disclosed that both the number of deals and participating companies declined, confirming a growing trend of fewer companies raising funds in larger sizes.
It said fintech attracted the highest share of funding in May, accounting for 34 percent of the total, while cleantech followed closely, driven by a debt deal from Sun King. The company raised $80 million (in local currency) to expand clean energy access in Nigeria.
“Equity remains the primary instrument in terms of total value. There’s no doubt about it; in fact, equity deals with disclosed amounts captured more than half of the total funding volume in May.
“However, debt financing is increasingly proving its weight. Although it accounted for only 8 percent of all deals, it represented 32 percent of the total funding, highlighting the typically larger size of debt transactions. With the rise of specialised vehicles targeting early-stage businesses, debt is becoming an increasingly important part of Africa’s innovation funding landscape,” it said.
Briter’s report added that grants continued to play a vital role in early-stage support, especially in the education technology (EdTech) sector. The Mastercard Foundation led the pack in grant activity, funding a new cohort of EdTech innovators in Nigeria and Kenya. Each selected startup is set to receive $100,000 in grant funding, in addition to mentorship and business development support.
Multilaterals also made a strong showing in May, it said. The Multilateral Investment Guarantee Agency (MIGA), a World Bank Group member, issued a $179.6 million guarantee to CleanTech firm KOKO Networks. The support will help scale its clean energy solutions across Kenya.
“This deal not only demonstrates growing international confidence in African climate ventures but also signals a promising pathway for other asset-intensive startups in clean cooking, agriculture, and renewable energy,” the report said.
From a geographic perspective, Egypt emerged as the continent’s fundraising powerhouse for the month, contributing 51 percent of all funding raised. The country recorded 12 deals across equity, debt, and bond instruments. Notably, FinTech platform MNT-Halan raised $50 million through a bond issuance, further illustrating the diversification of capital-raising mechanisms in the region.
Outside Egypt, funding was distributed across Africa’s three other key markets, which are Egypt, Nigeria, and Kenya, with limited activity recorded in countries such as Ghana, Tunisia, Morocco, and Uganda, each registering between one and three deals.
In terms of exits, the African tech landscape continues to mature. Three companies—Baobab+, Qardy, and Shopa—were acquired in May, bringing the total number of exits this year to 22. This already surpasses last year’s count for the same period. Qardy was acquired by Catalyst Partners Middle East (CPME) in a disclosed deal valued at $23 million, the report added.
E-Business
Human Hacking: When Cyber Criminals Target You

By Nancy Werteen
When you get anti-hacking advice, you’ve probably heard “Don’t use a simple password,” or “Don’t plug in that USB you found on the ground.”
But there’s one form of hacking that doesn’t always require a computer, and it costs businesses about 4.88 million dollars a year.
Modern hackers aren’t trying to get into your computer; they’re trying to get into you.
“They’ll try to learn about you a little bit, and they’ll try to use that information against you to try to get you to complete some action, maybe to send somebody some money,” said Kevin Moran, PhD, Assistant Professor of Computer Science, Cyber Security and Privacy Cluster, University of Central Florida.
IBM calls this human hacking, because it exploits human error instead of system error.
“With people just being busy and maybe not very carefully checking some of the emails or the phone calls that they get, can be something unfortunately that people can fall victim to,” said Moran.
Also known as social engineering, this often takes the form of phishing, where the hacker tries to “fish” the information out of you by impersonating family, friends, or even your bank.
There’s also baiting, where the hacker baits you with something of value. Remember the Nigerian prince scam?
That’s a famous example of baiting. There’s also pretexting, where the hacker will claim the victim has already been hacked, and that the hacker can fix it if you just send over your passwords. So, what can you do?
“Just as a rule of thumb, instead of clicking on links and emails, just go to the website yourself. And that will prevent, a lot of these types of attacks from happening,” explained Moran.
Phishing can take many forms.
Spear phishing targets people with access to confidential information, often to get access into an entire business, and whale phishing targets CEOs or political figures.
Search engine phishing is when hackers create fake websites promising services or goods you’ll never receive.
Angler phishing is when hackers create fake social media accounts impersonating famous people or companies.
Finally, vishing and smishing is phishing done through phone calls and texts respectively.
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