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Two Nigerian Startups Emerge Winners @ GITEX 2022 North Star Pitch Competition

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Two Nigerian technology start-ups, Pricepally.com and Paddy Cover, have emerged winners at the Lagos leg of the North Star and GITEX Global pitch tournament held on Thursday at the Eko Innovation Centre, Lagos.

Mr Victor Afolabi, founder Eko Innovation center; Mr Tunbosun Alake, Special adviser to the Lagos state Government on Innovation and Technology; Mr Abdulla Alqahtani, Head of visa and attestation section UAE consulate in Lagos; Dr. Aristotle, Director of corporate Research strategy, Dubai World Trade Centre; Ms Fatine Laaroussi Tribek, Executive secretary of the UAE consultate in Lagos; Mr Hamad Almansoori, Dubai World Trade Centre, Sales Manager- Govt liaison; Mr Zarko Ackovik, Director-commercial Events Management, Dubai World Trade Centre and Mr Akande Ojo, Country representative of the Dubai World trade centre at the GITEX Global Lagos pitch

The North Star Pitch Competition is part of GITEX holding in Dubai, UAE from 10-13 October 2022, aimed at giving African Startups opportunity of exhibiting their innovative products at the world’s most influential meeting places for the technology sector.

The two winners will go on an all-expense paid trip to Dubai to pitch their idea to over 400 investors and thousands of technology ecosystem players at the GITEX 2022 exhibition for a chance to win $200,000.

They all will converge at the Dubai World Trade Centre in Dubai, the United Arab Emirates (UAE) in October for the five-day business show, mentorship and networking with world technology business leaders.

The Gulf Information Technology Exhibition (GITEX) is annual consumer computer and electronics trade show exhibition and conference that takes place in Dubai at the Dubai World Trade Centre.

GITEX is one of the world’s most influential meeting places for the technology industry bringing together thought leaders, creators, innovators and so on.

The Africa roadshow is organised by GITEX Global and sponsored by Dubai North Star, which represents the UAE Government, and partnered locally by the Lagos State Government and the National Information Technology Development Agency (NITDA).

Addressing journalist at Eko Innovation Center, the Director General (DG) of the Nigeria Information Technology Development Agency (NITDA) Mallam Kashifu Inuwa Abdullahi, represented by Dr Aristotle Onumo, Director of Corporate Planning and Strategy for NITDA, pledged not to relent in giving support to young Nigerians with start-ups in various forms to catalyse the entire eco-system towards building a digital economy.

“As regards this particular programme, the North Star is trying to take advantage of the programme to expose our start-ups, while NITDA is partnering GITEX.

“What is happening now will happen in Dubai, but the Dubai World Trade Centre and the Dubai Government is represented here today.

They have come to Nigeria to be able to harness the innovative skills already within Nigeria to start early marketing of the two to be selected and connecting them with various investors across the globe, so that even before they get to GITEX proper, they would have had a kind of visibility.”

Similarly, the Special Adviser to Lagos State Governor on Innovation and Technology, Tumbosun Alake, said “the initiative is “to give opportunities to our ecosystem start-ups with better access to local and foreign markets.

“At the same time, Dubai and GITEX are keen to to be part of the start-up ecosystem in Lagos.

“This initiative is for us to explore opportunities together, so the finalists will be participating in the North Star programme in Dubai in October, and we hope they are able to get more international investors and access to the UAE market.”

According to him, “the number one objective is to grow our ecosystem,” and “in terms of accelerating the state as a tech hub, it gives us more recognition globally because of our partners in the UAE.

“If the UAE is here, it is a signal to other partners across the globe. It also helps our start-ups here to get access to their market internationally and with that they can expand their revenue base.

Explaining the Africa roadshow, the Director, Commercial Events Management, Dubai World Trade Centre, Zarko Ackovik, said the organisers “recognize that Nigeria obviously has the largest ecosystem in the whole Africa.”

However, “we don’t see too much of African and Nigerian start-ups coming up for expansion, so instead of just sitting there, we decided to come to the region to offer the opportunity for the start-ups.

“The show brings them the opportunity to network, to go into competition, the $200,000 cash price money and the opportunity to take their start-ups there.

“It is not only just to compete and meet investors but also the exposure comes with a lot of the big media as well, and they create partnerships and networks, because the show brings 700 start-ups from over 60 countries, and investors coming from all over the world as well.

Also speaking, Akande Ojo of the United States-based Pinnacle International Consulting – country representative of Dubai World Trade Centre, explained that they have decided on African focus, Nigerian focus going forward.

“A winner gets accommodation, space as a start-up to showcase yourself, they engage with investors, because technically you are part of their programme,” he noted.

“This is the first time we are dealing with them to ensure that they can bring the event close to sub-Saharan Africa – Nigeria, Ghana, Rwanda, among others,” he disclosed.

“The idea is that many of our start-ups are talented but they don’t have that bridge to connect with, because they don’t have the resources.

“So, they bring it close to you, we try to see the real talent, so the only thing it costs you is your car fare to come here, not flying to Dubai.

“Eventually they will pick the top two each from Lagos and Abuja to be fully sponsored, and the rest the Lagos Government initiative – the Eko Innovation Centre, and NITDA can also support.

“The idea is just to allow more tech-preneuers to create more jobs and in return increase the foreign direct investment.”

The judges at the event were: Akeem Hassan, TA to the special adviser to the Governor on Innovation and Technology, Segun Cole, Co-founder Fund the Gap Alliance, Amos Udok, Representative NITDA, Ireayo Oladunjoye, Head, Startups Lagos state employment Trust fund, Oguntade Adeseye, Unit head, Innovation and Entrepreneurship ONDI and Olorunnisomo Olaoluwa Co-Founder, Seedbuilders Innovation and Foundation.


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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

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Baobab Partners with NYSC to Promote Financial Literacy Amongst Corp Members

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Jollof+, a product of Baobab Nigeria, one of the finest leading financial services dedicated to supporting the financially excluded and unbanked communities in Nigeria has partnered with the National Youth Service Corps (NYSC) to promote financial literacy and increase awareness of its financial services among corps members nationwide.

This initiative, implemented in NYSC camps in Lagos, Sagamu, Abuja, Keffi, and Uyo seeks to educate young Nigerians on the importance of saving and financial literacy.

Through this partnership, Jollof+ sponsored Mr Macho and Miss NYSC events at Ogun state camp, where winners were awarded amazing items and also provided with valuable insights into how they can use the Jollof+ app to save smarter and manage their money more effectively.

Commenting on the partnership, Joy Micheal-Oti, Business Development Manager, Baobab Nigeria, said: “We believe that financial literacy is the key to financial independence, and it is something every young Nigerian should know.

“Our partnership with NYSC is our way of investing in the future of Nigeria by helping corps members understand how to save, invest, and secure their financial future with Jollof+. These are the leaders of tomorrow, and we want to ensure they are well-prepared for the future ahead of them.

In addition to promoting financial literacy, the partnership also aims to build brand awareness for Jollof+, a fast-growing digital savings platform designed to simplify how Nigerians manage their money. Corps members were introduced to the key features of Jollof+, including its high-interest savings options like Jolloflock, Ajo+, and Babybox, which are designed to cater to various savings goals.

On their part, the State Coordinator NYSC Ogun State, Mrs Nasamu Olayinka Diana said, “We are excited about the partnership with Jollof+ as it aligns with our youth development initiative, where we equip corp members for the future ahead.

When you invest in the youths, you have not wasted anything, they are indeed the best place to invest in. Thank you Jollof+ for this partnership, it will indeed have a great impact on our corp members.

With Nigeria facing rising inflation and economic uncertainty, financial literacy has never been more important. Young Nigerians, particularly corps members, are entering the workforce and facing financial challenges that require them to be financially savvy.

Jollof+ plans to continue expanding its reach to more NYSC camps across the country in the coming months, ensuring that even more young Nigerians are introduced to Jollof+ and the importance of financial literacy


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d.light Named as a Finalist for Prince William’s 2024 Earthshot Prize

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d.light, the global provider of transformational household solar products and affordable finance for low-income households, was today announced as an Earthshot Prize Finalist at the third-annual Earthshot Innovation Summit.

Founded by Prince William in 2020, The Earthshot Prize is the world’s most prestigious environmental prize designed to discover, spotlight and scale the groundbreaking solutions we need to repair and regenerate our planet.

The five eventual winners will be crowned at The Earthshot Prize Awards Ceremony in Cape Town, South Africa in early November, with each receiving £1 million in prize money to support efforts to expand the reach of their transformational products and services. This year’s shortlist was selected from a pool of close to 2,500 organisations across 139 countries.

d.light is named alongside an inspiring group of global innovators, entrepreneurs, community leaders and advocates pioneering solutions to our most pressing climate and environmental challenges.

Finalists also earn a place on the Earthshot Fellowship Programme, receiving dedicated mentorship, resources, and technical support, including access to The Prize’s Global Alliance of Partners, a robust network of the world’s largest businesses, donors, investors and environmental organisations committed to climate action.

Commenting on the news, d.light CEO Nedjip Tozun said: “We’re truly honoured to be named as a finalist for such a prestigious award, and recognition from the Earthshot Prize committee is a reflection of d.light’s efforts to support underserved communities by providing access to safe, affordable off-grid solar solutions.

“2024 has been a landmark year so far for d.light and it’s exciting to see that our impact has extended beyond the solar industry to the wider sustainability community.

“Pivotal moments have included raising USD$176 million in securitized financing in Kenya, Uganda and Tanzania, launching our customer loyalty programme and installing solar in over 1.7 million off-grid households across Africa.

“d.light is the first company in the off-grid energy sector to be nominated for the Earthshot Prize, outlining our credentials as a pioneer in this space.

Since the company was founded in 2007, we’ve developed unique and innovative ways to manufacture, distribute and finance solar projects in the developing world, allowing us to transform the lives of over 175 million people in the process.

“To be named as a finalist helps us amplify our core message that so many still live without access to a safe source of electricity, while supporting our efforts to spearhead the rollout of reliable solar solutions,” Tozun concluded.

“With this milestone, d.light moves one step closer to achieving our wider aim of transforming the lives of one billion people by 2030 by giving them access to safe, clean, affordable renewable energy.”


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Report Finds 30% More Young Gamers Targeted by Cybercriminals in H1 2024 vs. H2 2023

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The number of unique users targeted by cybercriminals using popular children’s games as a lure surged by 30% in the first six months of 2024 compared to H2 2023, according to Kaspersky experts.

 

Researchers analysed gaming risks for young players and discovered that more than 132,000 users had been targeted by cybercriminals. More details can be found in the latest Kaspersky report on cybercrimes targeting young gamers.

The most exploited children’s games

Kaspersky looked into the threats disguised as popular kids’ video games and analysed the period from July 1, 2023, to June 30, 2024.

Throughout the reported period, Kaspersky security solutions detected more than 6.6 million attempted attacks, where cybercriminals used the brands of the kids’ games as a lure.

Out of the 18 games chosen for this research, the majority of attacks were related to Minecraft, Roblox, and Among Us. According to Kaspersky’s statistics, more than 3 million attempted attacks under the guise of Minecraft were launched throughout the reported period.

Most likely, cybercriminals chose this method of attack based on the popularity of games among players, as well as the ability of gamers to use cheats and mods. Since the majority of mods and cheats are distributed on third-party websites, attackers disguise malware by posing as these applications.

Kaspersky experts believe that the higher success rates detected in 2024 can be explained by the trends observed in the recent developments of the general cyberthreat landscape.

On the one hand, following popular trends, cybercriminals launch more cunning attacks, exploiting the current agenda and crafting less obvious schemes, instead of using generic attacks.

On the other hand, cybercriminals are increasingly using AI to automate and personalise phishing attacks that are more likely to deceive young gamers. At the same time, new advanced phishing kits — pre-made templates of phishing pages — created with automated tools consistently appear on the dark web, allowing an increasing number of attackers to deploy highly effective phishing sites that mimic popular gaming platforms.

Scams on children’s favourite games

One of the most common scams in gaming is the offer to receive new skins for your character — essentially clothing or armor — that enhance the hero’s skills. Some skins are common, while others are extremely rare and, therefore, more desirable.

Kaspersky experts have found an example of a scam that uses both the name of popular game Valorant and that of the world-famous YouTuber Mr. Beast. By selecting this blogger and using his photo, the fraudsters aim to capture children’s attention and hook them into their fraudulent scam.

To receive the desired Mr. Beast skin, young users are asked to enter their login and password for their gaming account, enabling their credentials to be potentially stolen by scammers as a result.

Another popular trap is the offer of receiving in-game currency. In one of the discovered scams exploiting the Pokémon GO brand, users are asked to enter the username for their gaming account. Next, they’re asked to take a survey to prove they’re not a bot.

Once the survey is complete, they are redirected to a fake website, usually one promising free prizes or giveaways. This is where the real scam kicks in.

The scammers aren’t actually after personal data like credit card details; they’re using the guise of gaming to lure users into another hoax — one involving fake downloads, prize claims, or other deceptive offers.

The whole process is a clever way to redirect users to a different, more dangerous scam under the pretense of a legitimate verification step.

“Throughout our research, we see attacks on children are becoming a common vector of cybercriminals’ activities. That’s why cyber hygiene education and the use of trusted cybersecurity solutions are a ’must-have’ in building children’s safety in the online environment.

By fostering their critical thinking, responsible online behaviour, and a strong understanding of the risks, we can create a safer and more positive online experience for this generation of digital natives,” comments Vasily Kolesnikov, security expert at Kaspersky.

 


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