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WATRA Executive Secretary to Moderate Key Session on Safe and Inclusive Digital Financial Services at ITU GSR 2024

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Mr. Aliyu Aboki, Executive Secretary of the West Africa Telecommunications Regulators Assembly (WATRA), will moderate the highly anticipated Session 5 on “Safe and Inclusive Digital Financial Services” during the International Telecommunications Union’s Global Symposium for Regulators (ITU GSR-4) slated for July 3rd, 2024 in Kampala, Uganda.

This session is set to provide critical insights and foster robust discussions on the regulatory frameworks essential for a secure and inclusive digital financial ecosystem.

Mr. Aboki, with his extensive experience and deep understanding of the regulatory landscape, will guide a panel of distinguished experts through a comprehensive exploration of regulatory strategies to foster a secure and inclusive digital financial ecosystem. The session will address the burgeoning complexities of crypto-asset regulation, balancing innovative fintech solutions with traditional banking norms, and ensuring consumer safety in the digital finance landscape.

The discussions will delve into pivotal questions such as how can inclusive access to digital financial services be ensured? Are current calls to regulate cryptocurrencies appropriate, and who would be affected? What measures are necessary to secure digital transactions and maintain consumer trust?

The session will feature a distinguished panel of experts who will share their perspectives and expertise. These include Mr. Mustafa Yasin Sheikh, Director General, National Communications Authority, Somalia; Mr. Jabiri Kuwe Bakari, Director General, Tanzania Communications Regulatory Authority (TCRA), Tanzania; Mr. James Claude, CEO, Global Voice Group; Ms. Bernadette Lewis, Secretary General, Commonwealth Telecommunications Organisation (CTO) and Ms. Mei Lin Fung, Chair, People Centered Internet.

The GSR 2024 emphasizes open and frank dialogue, encouraging spontaneous and insightful exchanges rather than prepared statements.

“In an era where digital financial services are becoming the backbone of global commerce, it is crucial to address the dual imperatives of security and inclusivity. This session at GSR 2024 is not just about discussing regulatory challenges; it’s about shaping the future of digital finance to be safe, accessible, and trustworthy for all. I am eager to moderate what I believe will be a transformative discussion that paves the way for groundbreaking advancements in our industry,” says Aliyu Aboki, Executive Secretary, WATRA.

 


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TikTok, Instagram Blamed in US Youth Suicide Lawsuit

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Major social media giants Meta Platforms, TikTok and Alphabet’s YouTube will face a landmark jury trial this week in Los Angeles County Superior Court over allegations that their addictive designs have fuelled a youth mental health crisis, marking the first such case to reach this stage.

TikTok, Instagram Blamed in US Youth Suicide Lawsuit

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The pivotal personal injury lawsuit centres on a 19-year-old Californian woman identified as K.G.M., who claims her childhood immersion in Instagram, Facebook, YouTube and TikTok—engineered with endless scrolls, autoplay videos, notifications and algorithms—sparked severe anxiety, depression and suicidal thoughts.

Dozens of similar suits have surged since 2022 from families, schools and states, accusing the firms of burying internal research on teen harms while prioritising ad revenue through youth-targeted engagement hooks, despite Section 230 protections for user content.

Plaintiffs seek damages and design overhauls, arguing platforms bypassed parents and preyed on vulnerable kids; defendants counter there’s no clinical “social media addiction” diagnosis, no proven causation—kids with issues often use less—and they’ve added safeguards like parental controls and time limits.

Echoing Australia’s under-16 bans, the trial will scrutinise thousands of internal documents, expert testimonies and K.G.M.’s story, potentially expanding tech liability amid debates where studies show complex links, not direct causation, between screen time and disorders like eating issues or self-harm.

A win could mandate warning labels, age gates or algorithm tweaks, reshaping global platforms as U.S. Surgeon General advisories and global scrutiny intensify pressure on Big Tech to prioritise child safety over profits.


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Meta Tests Paid Subscriptions Across Instagram, Facebook, WhatsApp

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Meta is gearing up to trial paid subscription services on Instagram, Facebook, and WhatsApp, aiming to diversify revenue streams beyond advertising while maintaining free core access for all users.

Meta Tests Paid Subscriptions Across Instagram, Facebook, WhatsApp

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The subscriptions will offer enhanced tools tailored for everyday users, creators, and businesses, including advanced content creation, sharing, and workflow features distinct from the existing Meta Verified verification program. Unlike a uniform rollout, Meta plans varied testing formats per app to match diverse audiences, experimenting with feature bundles based on user feedback to refine the model.

A key element involves integrating Manus, the autonomous agent firm Meta acquired for $2 billion in December, into these apps alongside its enterprise sales. Manus enables complex task automation with minimal input, with early signs like Instagram shortcuts already spotted by reverse engineer Alessandro Paluzzi.

Video tools feature prominently: Meta’s Vibes short-form video generator in the Meta AI app shifts to freemium, where paid tiers unlock higher monthly creation limits beyond the free baseline. On Instagram, subscriptions could enable unlimited audience lists, non-follower tracking, and anonymous Story views, though specifics for Facebook and WhatsApp remain under wraps.

Drawing from Meta Verified’s 2023 launch—which provides badges, support, and protection mainly for creators—these broader plans target wider appeal amid industry shifts. Ad growth slows against TikTok competition, while Snapchat+ boasts 16 million subscribers at $3.99 monthly, proving demand for value-driven paid perks despite subscription fatigue risks from streaming and storage fees.

Meta will phase tests gradually, prioritizing feedback to shape long-term viability without alienating free users.


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New Investment Fund Targets Acceleration of Emerging Technology in Nigeria

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The International Rescue Committee (IRC) has announced the formation of Airbel Ventures, a new humanitarian impact investing fund aimed at accelerating the introduction and scaling of breakthrough technologies in crisis-affected communities.

The fund will invest in companies whose ideas have the potential to change humanitarian response, including digital infrastructure for frontline health systems and climate-resilient agriculture.

The launch of Airbel Ventures follows a period of rapid innovation at the IRC, despite the humanitarian sector facing record funding cuts.

In the past year, the IRC’s Airbel Impact Lab has advanced more than twenty Artificial Intelligence (AI) and technology initiatives—from anticipatory action tools powered by climate and vulnerability data, to frontline service delivery using safe, orchestrated AI systems, to breakthrough diagnostic tools for emerging diseases.

Airbel Ventures’ first impact investment is in Signalytic, a company delivering solar-powered computing devices that ensure reliable electricity and connectivity for remote health facilities.

Following the investment, the IRC will pilot Signalytic’s technology with its Nigeria Health team, demonstrating the viability of next-generation digital infrastructure in humanitarian settings.

“We know breakthrough solutions already exist—what’s missing is the path to scale in humanitarian contexts,” said Dr. Jeannie Annan, Senior Vice President for Research & Innovation at the IRC and head of the Airbel Impact Lab.

 


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