Connect with us

E-Business

UNICCON Group Launches SmartAfri Labs to Drive Africa’s Inclusion in Blockchain

Published

on

Kindly share this post

The UNICCON Group of Companies has launched its blockchain technology – SmartAfri Labs, to drive the inclusion of Africans and adoption of the specialized technology in the region.

Speaking during the unveiling, the Chairman of UNICCON Group, Dr. Chuks Ekwueme, shared insightful statistics to illustrate the poor inclusion and adoption of the blockchain ecosystem in Africa.

“Africa has less than a 5 percent stake in the projected $1.1 trillion the industry promises. We have created technology and platforms to drive inclusion by up to 25 percent by the year 2025. Our VR headsets for example are more affordable, and will not exclude poor Africans from using the technology.

“This is inclusion.  It is erroneous to view blockchain technology as being crypto. It is much more than that, and that notion should be vacated. We have built this platform, which is a fusion of Web 2.0 and 3.0 and we are keen on being key participants in the 4IR. There is a huge market in our NFT marketplace as Nigerians and Africans from the creative and other industries can tap into it to generate wealth and add to the GDP.”

The novel product, which is the first African blockchain technology, consists of SmartAfri Chain (blockchain node), NFT Marketplace (Create and sell NFTs), SmartAfri Verse (Metaverse), SmartAfri eMarket (fusion of 2.0 and 3.0) and UNICCON VR(locally made and subsidized headsets). The project seeks to increase stakes for Africans, encourage more developers to get into the niche, and overall, to drive massive inclusion.

Advertisement

Speaking during the welcome address, Kehinde Ake, General Manager, UNICCON, stated that SmartAfri Labs offers exceptional levels of security, transparency, and efficiency, granting users the ability to transfer assets, save data, and carry out smart contracts in a decentralized and fraud-proof network.

“We have created this technology to allow Africans to stand tall, raise their heads, spread their shoulders, and take giant strides in an ecosystem that was once alien to them,” he said.

Keynote speaker John Paul Nwobodo, who is an industry investment analyst with Adaverse, spoke about the monumental impact of blockchain technology in a wide variety of industries.

Using the banking industry as a point of reference, “according to the 2021 World Bank report, 66 percent of Nigerians are unbanked, and the banked are being recycled by existing financial services providers.

The cost of cross-border remittance is very high and using blockchain can help reduce these numbers, making cross-border remittances  cheaper and defying geographical barriers.”

Advertisement

The company’s Chief Technology Officer (CTO) Eval Esege, presented SmartAfri Labs and took the audience on an experiential  journey of what it does, how it works, and its many bundled benefits. “SmartAfri Labs was borne out of the need to create a blockchain ecosystem that represents African values and culture. We have set up a partnership opportunity available from today to allow those who resonate with our vision to join us on this journey.”

The launch had in attendance, representatives from the National Information Technology and Development Agency (NITDA), the Nigerian Computing Society (NCS), Adverse, the blockchain community, and the private sector.

Chris Ebosie, Group General Manager at Uniccon, closed the event with a vote of thanks to appreciate the management, staff, consultants, speaker,  guests, press and everyone who contributed to the success of the event. A larger number of the audience joined virtually via YouTube, Zoom, Instagram, Twitter, and Discord.

UNICCON Group has been at the forefront of creating innovative tech solutions to solve problems in Africa. Recall that the company launched the first African humanoid in December 2023. It has also signed an MoU with NITDA, and is currently supporting the Federal Government in deepening digital literacy in Nigeria. This move will see the realization of 95 percent literacy in the country by the year 2030.

Advertisement

Kindly share this post

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

Continue Reading
Advertisement
Comments

E-Business

HURIWA, CLO Protests Bill Asking Social Media Firms’ to Open Shops Nigeria

Published

on

Kindly share this post

Human Rights Writers Association of Nigeria (HURIWA) has opposed a bill seeking to compel major global social media companies to establish physical offices in Nigeria.

HURIWA, CLO Protests Bill Asking Social Media Firms’ to Open Shops Nigeria

The rights advocacy group urged the National Assembly to discard the proposed legislation, warning that it could become a tool for censorship and undermine citizens’ constitutional right to freedom of expression, despite being presented as a measure to strengthen Nigeria’s digital economy and improve corporate accountability.

The position was contained in a presentation submitted yesterday by Emmanuel Onwubiko, national coordinator, HURIWA, to the chairman of the Senate Committee on ICT and Cyber Security.

The bill, sponsored by Senator Ned Munir Nwoko, has already passed second reading in the Senate and is before the committee for further legislative consideration.

HURIWA said it carefully reviewed the proposed legislation and concluded that compelling global technology companies to establish offices in Nigeria was unnecessary and potentially counterproductive.

Advertisement

The organisation argued that while the firms generate substantial revenue from Nigeria’s vast digital market, they already engage Nigerians through existing structures, including paying eligible content creators, working with local technology professionals and participating in legal proceedings whenever required.

According to the group, appointing local representatives where necessary would adequately address concerns about engagement with regulators and users without forcing the companies to maintain physical offices.

It also dismissed claims that mandatory country offices would significantly improve consumer complaint resolution, technology transfer or employment generation.

HURIWA maintained that the platforms already have effective feedback mechanisms for resolving users’ complaints and routinely appear before Nigerian courts through their representatives whenever litigation arises.

The group, however, said its greatest concern was the potential for the proposed law to be used as an instrument for restricting freedom of expression.

Advertisement

It argued that establishing local offices could expose global social media companies to pressure from government authorities to remove online content considered critical of those in power.

According to the rights group, the presence of social media companies in Nigeria could become an avenue for authorities to pressure them into abandoning internationally recognised digital rights standards in favour of politically motivated content moderation.

It recalled previous attempts to regulate social media in Nigeria that generated widespread concerns over possible restrictions on free speech, stressing that any legislation affecting the digital space must contain clear safeguards against abuse.

The organisation warned that the proposed law should never become “a backdoor mechanism for government surveillance, arbitrary content removal or political censorship.

 

Advertisement

Kindly share this post
Continue Reading

E-Business

Nigeria Leads Africa in Online Gambling Regulation – GCI

Published

on

Kindly share this post

Nigeria has emerged as one of Africa’s most regulated online gambling markets, even as illegal operators continue to dominate the continent, according to a new report by Gaming Compliance International (GCI).

Nigeria Leads Africa in Online Gambling Regulation - GCI

The report, the first comprehensive assessment of online gambling across all 54 African countries, showed that Africa’s online gambling Gross Gaming Revenue (GGR) reached $23 billion in 2025.

However, only $5.2 billion (23 per cent) was generated by licensed operators, while $17.8 billion (77 per cent) remained in the unregulated market.

In West Africa, total online gambling revenue rose to $4.8 billion in 2025 from $4.3 billion in 2024. Of the 2025 figure, regulated operators accounted for $1.5 billion (31 per cent), while $3.3 billion (69 per cent) flowed to unlicensed platforms, highlighting the region’s persistent enforcement challenges.

Nigeria stood out as the region’s strongest performer, recording the lowest unregulated market share at 56 per cent, compared with the West African average of 69 per cent and the African average of 77 per cent.

Advertisement

The study also found that online gambling participation across Africa increased from 198 million people (13 per cent of the population) in 2024 to 215 million (14 per cent) in 2025.

Despite this growth, GCI estimated that illegal operators deprived African governments of about $3.55 billion in tax revenue in 2025. The number of unlicensed gambling platforms targeting African consumers also rose to 4,129, up from 3,644 in 2024.

Commenting on the findings, Matt Holt, chief executive officer, GCI, said the report provides regulators with the first continent-wide benchmark for strengthening oversight and consumer protection.

Ismail Vali, president, GCI, urged governments to develop competitive and well-regulated markets that encourage consumers to patronise licensed operators, boost public revenue and attract greater investment.

Online gambling in Nigeria is regulated by the Nation Lottery Regulatory Commission.

Advertisement

Kindly share this post
Continue Reading

E-Business

Kaspersky Warns Mobile‑data Buyers about Scammers Posing as Telecoms Operators

Published

on

Kindly share this post

At the height of the Northern Hemisphere tourist season, demand for communications and mobile Internet services rises sharply. Kaspersky’s security experts have uncovered scams that target anyone purchasing mobile connections or SIM cards worldwide.

Fraudsters create counterfeit websites that look like the portals of major regional and international telecom providers to trick users into revealing their phone numbers, personal details or banking information.

Kaspersky is sharing several examples of these fake login pages that mimic legitimate telecom operator sites and giving recommendations on how not to be deceived.

In the first case, scammers exploit the brand name of an international telecommunications company operating services in Asia, Africa and Europe. Fake authentication pages encourage users to put in their phone number and credentials.

While the first example shows the different design, the second scam site closely mimics the original log in page, making it hard for users to tell the difference and spot a fake. Entering authentication or payment data on fraudulent web sites may result in money or data loss and become a reason for more frequent spam and fraudulent calls.

Advertisement

Another example is a scam page which poses as another international communications company, working in North Africa, the Middle East and Southeast Asia. In this scheme scammers encourage users to top up their mobile data/Internet plans by entering their personal information and bank cards details.

Kaspersky experts have also identified a scam when cyber criminals suggest users enter their personal data to check and pay a bill inquiry. Such scam schemes are usually aimed at gaining victims’ personal data for further fraud or account hacking and stealing money.

“Because of the active use of AI, scammers can now create fake pages with ever increasing accuracy and speed, targeting the most popular user interest areas. We constantly see scams revolving around sports events, music concerts, seasonal sales and holidays. Unfortunately, the telecoms industry is no exception.

To keep your data and money safe, be vigilant when purchasing mobile or Internet plans online. Using an eSIM – purchased through an official app – is one way to avoid fake telecom sites, as it eliminates the need to enter personal details on questionable web pages.

If you’re unsure about a site’s legitimacy, search for the brand name directly in a search engine and enable a security solution that blocks phishing links for you,” comments Tatyana Kulikova, cybersecurity expert at Kaspersky.

Advertisement

 

Kindly share this post
Continue Reading

Trending