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TLcom Capital Appoints Eloho Omame as Partner

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TLcom, the Africa-focused venture capital firm, has appointed Eloho Omame as a Partner, bolstering its capabilities as it ramps up deployment of TIDE Africa Fund II, its new $150mn pan-African tech fund.

As well as focusing on the firm’s traditional remit of seed to Series B investments in high-growth, tech-enabled startups, Eloho will bring more senior capacity to TLcom’s high-touch approach with entrepreneurs and support deal flow generation at the pre-seed stage, as TLcom doubles down on its commitment to Africa’s thriving tech opportunity. There will be even greater emphasis on attracting more female-led companies into TLcom’s portfolio.

Eloho is a Co-Founder & General Partner at FirstCheck Africa, a female-focused early-stage venture capital firm that has to-date invested in ten high-growth tech start-ups with a female founder or co-founder.

Eloho will combine her new role at TLcom with her existing responsibilities at FirstCheck Africa, which was founded in January 2021 to address the severe funding gap for Africa’s female tech entrepreneurs. TLcom will also support the launch of FirstCheck Africa’s $10mn debut fund with a $2mn co-investment commitment from its TIDE Africa Fund II.

With a professional career spanning more than 20 years, including time at General Atlantic, FirstBank Nigeria and Credit Suisse, Eloho brings a wealth of expertise to the team.

An important contributor to the startup and venture capital ecosystem in Africa, she has worked with several of Africa’s leading entrepreneurs, companies and teams, supporting their ambition to transform the continent’s heavily underserved markets and economies.

As the founding Managing Director of Endeavor Nigeria, she led the company’s mission to drive high-impact entrepreneurship, creating a leading membership community that includes tech founders from pioneering startups such as Paga, Migo and Flutterwave.

Eloho’s track record in early-stage investing will prove vital as TLcom expands its current portfolio from 13 companies to 30. With TLcom widening the range of its core ticket sizes to $500k – $15mn, the firm will continue to primarily target seed to Series B founders that are tackling some of the continent’s most complex challenges in sectors including fintech, mobility, agriculture, healthcare, education and ecommerce. Geographically, TLcom will expand its traditional focus on East and West Africa to include North Africa, starting with Egypt.

Speaking on TLcom’s expansion and the appointment of Eloho, Maurizio Caio, Founder and Managing Partner at TLcom, says “With the launch of our new fund, we are more committed than ever to Africa. As we partner with more entrepreneurs, it is vital that we are able to maintain our existing level of high-quality, on-the-ground strategic support to unlock the full value-generation potential of these companies. With our portfolio companies, and our investors, we are building for the long term and fully focused on the upside of the tech sector.”

“We are especially proud to strengthen our team with a Partner of Eloho’s calibre — a seasoned investor who mirrors our founder-first ethos, and will play a critical role in enabling us to deepen our commitment to the founder journey in Africa through her early-stage experience.

“Equally, her expertise will prove invaluable in strengthening our existing support for female entrepreneurs. We look forward to working with Eloho to drive the next phase of our mission to transform Africa’s key verticals through tech-enabled solutions.”

Following the first close of its new $150mn fund announced in January 2022, TLcom has gained even greater momentum, with a number of additional commitments to its fund and significant new deal flow for its growing portfolio. The firm recently led a $10mn Series A round in Seamless HR, a Nigerian platform providing payroll and HR software-as-a-service (SaaS) solutions to companies in Africa and a seed round in Pastel, a Nigerian fintech company.

Eloho Omame, Partner at TLcom, adds “It’s an honour to join one of the most prestigious investors in African tech. TLcom has seen the benefits of an early-stage approach through the success of both new and repeat founders in TIDE Africa Fund I. As we deploy capital from TIDE Africa Fund II, it’s crucial that we continue to win the race to find the continent’s best entrepreneurs and support their companies to scale.”

“The firm has always demonstrated its commitment to Africa and to the development of its startup ecosystem. It’s exciting to be in a position of mission-alignment with respect to female founders and I’m thrilled to step up the important work we’ve started at FirstCheck Africa with this incredible show of support from an established, high-calibre fund like TLcom.”

Eloho’s appointment increases TLcom’s experienced and growing team from four to five Partners, comprising Founder and Managing Partner Maurizio Caio based in Kenya, Senior Partner Omobola Johnson based in Nigeria, and Partners Andreata Muforo in Kenya, and Ido Sum in the UK. With the new addition, TLcom’s senior leadership is now 60% female.


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Kaspersky Warns of Data Stealers Hunting for User Credentials

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As the malware development market continues to flourish with new stealers such as Lumma, for the last three years Redline still remains the dominant data-stealing malware used by cybercriminals.

More than half of every device (55%) targeted by password-stealer attacks in 2023 has been infected with the Redline malware, Kaspersky Digital Footprint Intelligence finds.

Infostealers infiltrate devices to illicitly obtain sensitive credentials such as logins and passwords, which are then peddled on the shadow market, posing significant cybersecurity threats to personal and corporate systems.

According to information gleaned from log-files traded or distributed freely on the dark web, Redline was used in 51% of infostealer infections from 2020 to 2023. Other notable malware families included Vidar (17%) and Raccoon (nearly 12%).

In total, around 100 distinct infostealer types were identified by Kaspersky Digital Footprint Intelligence between 2020 and 2023 using metadata from log-files.

The underground market for data-stealing malware development is expanding, evident from the rising popularity of new stealers.

Between 2021 and 2023, the portion of infections caused by new stealers grew from 4% to 28%. Specifically, in 2023, the new “Lumma” stealer alone was responsible for more than 6% of all infections.

“Lumma emerged in 2022 and gained popularity in 2023, through a Malware-as-a-Service (MaaS) distribution model.

This means any criminal, even those without advanced technical skills, can purchase a subscription for a pre-made malicious solution and use this stealer to carry out cyberattacks.

“Lumma is primarily designed for stealing credentials and other information from cryptocurrency wallets, commonly spread through email, YouTube, and Discord spam campaigns,” says Sergey Shcherbel, expert at Kaspersky Digital Footprint Intelligence.

To guard against data-stealing malware, individuals are advised to use a comprehensive security solution for any device. This will help prevent infections and alert them to dangers, such as suspicious sites or phishing emails that can be an initial vector for infection. Companies can help their users, employees and partners protect themselves from the threat by proactively monitoring leaks and prompting users to change leaked passwords immediately.


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World Energy Conferencing

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By Okoko Chidozie Christian

[email protected]; 09025179984.

In an increasing world, the effectiveness of meaningful human interaction becomes ever important.

World Energy Conferencing

The significance of networking remains at the very core of what we do; and to support this we strive to offer more opportunities through digital platforms to engage online year round.

Conferences as indispensable part of business could be a vital opportunity that is certain to reap one’s time, organizational commitment and lots more.

Research proven creditably reveals that conferencing provides a rare opportunity for key individuals within field specialism to come together collaboratively all over the world, in the same place, at the same time.

Such environment provides the perfect platform to network,

form partnership and exchange knowledge with both peers, and people from connected industries with whom one may not have previously connected.

A prospect such as this is sure to serve well both now and in the future.

Having known that conferences attract a unique and incredible mix of thinkers, leaders, experts and emerging talents with an existing predisposition to develop skills; it also stimulates industry progress and contribute to important global conversations.

World energy conferencing are energy-focused events set to draw in the world’s top businesses and their leaders to put the wheels of actions in motion against climate crisis and other major threats to the energy sectors and wider world as a result.

The later part of last year saw one of the world’s most pivotal sustainability events to date, COP28 reported in my previous article “Sustainability of Clean and Renewable Energy” on April 1st, 2024. The event saw world’s leaders take urgent actions and decisions on the transition away from fossil fuels and towards renewable and energy efficiency.

Undoubtedly, conference brings a wealth of forums, events, programmes which unite leaders about energy and industry’s interest topics, insights, guidance and tackling of some of the most pressing challenges.

These energy events will help in bringing together leading companies and talented people to provide business professional with high quality trade shows, digital solutions and connections, research reveals.

Some of the anticipated World energy events include World Utilities Conference Abu Dhabi, UAE (May 8-10,2024); International Conference in Energy Paris, France (14-15 May, 2024); Reuters Global Energy Transition New York, USA (7-8 June, 2024); Energy Tech Summit, Bilbao, Spain (10-11 April, 2024 ); Offshore Technology Conference, OTC in Houston Texas (6-9 May 2024), and many more.

World Energy Conferencing help companies and individuals to gain access to official media partnering and news publications for the world’s largest energy events thereby increasing their brand visibility through a variety of compelling content platforms helping to share latest innovations which are shaping the future of energy.

Also, connect industry leaders and passionate individuals from across the globe all committed to advancing the future of the energy industry in a path towards sustainable, renewable and affordable energy.

Technology expositions has helped a wide range of industry-leading companies to present energy-efficient products, energy management services and solutions.

Also, creates an environment for global think tank, powered by global innovation, pioneering minds and groundbreaking insights. As creating a new energy future require bold and different thinking, majority of these conferences regarded as the foremost events get accelerated global transition to clean energy, and bring leaders, policy-makers, investment incubators, corporate partners and world-class start-ups to work towards a greener tomorrow.

However, apart from being at the frontier of discovery on a global platform, conferencing witnesses the solution, ideas and game changers that matters amongst the world’s leading energy brands. It opens way for stakeholders to a unique occasion in examining critical insights, global drivers of energy prices and to network with energy specialists from other international companies of the world.

World energy conference platforms showcase advances in energy and a highly interactive experience that inspire progressive leadership thinking, collaborative and constructive actions. Regarding the concept of its most vital meetings, reflects its present and dedicated future to the entire society.

So, as we look ahead to the next 100years of energy mix; it is critical we consider not just the future of our energy technology, but also how we increase society’s energy literacy and create more inclusive bottom-up energy communities.


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SoftTalk Messenger Introduces Chat and Make Calls without Sharing your Phone Number

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Sharing your phone number on chatting platforms can expose you to unwanted spam, potential security breaches, and even compromise your identity.

Simple Azenabor, CEO, SoftTalk Messenger, a Nigerian developer based in Japan, said: “Anyone in an individual or a group chat can see your phone number. But don’t worry, you can use SoftTalk Messenger that doesn’t require a phone number.

“It gives you the best of both worlds, the freedom to communicate with anyone and everyone, and the security of keeping your phone number private”.

SoftTalk Messenger allows you to connect effortlessly with your friends, school mates, and family by using your @username, eliminating the need to share your phone numbers. This feature provides privacy for your phone number, particularly in group chats.

To add friends you simply search by their Unique SoftTalk @USERNAMES or Names to start a conversation and make encrypted HD audio and video calls.

It is possible for a user to turn off and on his profile from  the SoftTalk directory if he prefers not to be discovered in a public search for a complete world of his own. Helping you to communicate with friends safely and privately

SoftTalk Messenger is a Nigeria’s Messaging app for Africans & the world. It enables users to buy and sell products and services in a marketplace, post stories, chat, make audio / video calls as well as pay utilities bills & buy low cost data & prepaid mobile airtime in Nigeria with plans to expand to other African countries in the near future. Users can make extra income by reselling Data and airtime to their friends right from within the app.

Messages are encrypted and transferred over a secure channel and use standard encryption algorithms: RSA-2048, RC4+ making sure that only the receiver of the message is able to read it. SoftTalk Messenger accommodates a total of 500,000 participants in a single group, and members can share media and large files.

According to Simple Azenabor, there is no doubt that Nigerians and indeed Africans are hungry for a new technology and need something different that can be called our “own” . It is my wish to see Nigerians use and encourage an indigenous solution built by one of us to grow our own.

The android version of the app was first introduced to Nigerians in late 2018 in the presence of the delegates from the NCC officials and the Minister of Information, Alhaji Lai Raufu Mohammed represented by a Director General in the ministry. SoftTalk Messenger has been bootstrapping and exploring various technologies in order to strengthen its backend infrastructure to build a secure and scalable system.

Today, SoftTalk Messenger  is available on both android, web and the Apple iOS platforms with support of about 16 languages including French and can be downloaded on google and apple stores.

 


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