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Yudala Signals True Online/Offline Retail Revolution- Wigwe

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(L-r) Stanley Uzoechina, vice president, Yudala Retail Stores, Herbert Wigwe, chief executive officer, Access Bank, cutting the tape at the official launch of Yudala Offline Division, with the opening of its Experience Store at The Palms, Lekki on Saturday while Dr. Leo Stan Ekeh, chairman, Zinox Group, participates too.
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Another chapter was opened in Lagos on Saturday in the Nigeria’s online/offline retail chain with “bullish” Yudala, Nigeria’s first true composite retail chain, successfully launched its Offline Division.

Yudala made triumphant entry into the space with the official commissioning of two Experience Stores at Medical Road, Ikeja and The Palms, Lekki as well as two Smart stores on Idowu Martins Street, Victoria Island and Redemption Crescent, Gbagada.

According to Herbert Wigwe, group managing director and CEO of Access Bank Plc., who cut the tape to officially open the ExperienceStore at The Palms, Yudala is truly a retail revolution worth partnering with.

The well-attended event, which attracted Nigerians from all walks of life including bank CEOs, captains of industry, representatives of Corporate Nigeria and A-list artistes such as Iyanya and Naeto-C, saw huge crowds of excited shoppers taking advantage of the massive discounts and freebies on offer including free phones for every purchase above N20, 000.

Wigwe expressed delight Yudala has signaled a revolution in the Nigeria Mobile retailing sub-sector, adding that Yudala’s operational blueprints are confirmation to the beginning of a new dawn in the booming industry.

While Pa Sam Amuka-Pemu publisher of Vanguard Newspaper commissioned the experience stores at Medical Road, Ikeja, Wigwe, cut the tape during the opening at The Palms, Lekki on the same day.

According to who shared sight into why the financial institution’s threw weight behind the birth of a new dawn in the mobile industry and perspectives of open opportunities for Nigerian entrepreneurs in the industry urged retailers and entrepreneurs not to lose sight of the potential effects on the Nigerian economy which trade in digital mobile avails.

He said, “I am delighted to be here today to witness the launch of Yudala. The ambience is world class which gives a lot of hope that young Nigerian entrepreneurs are redefining standards. There is a lot to be excited about especially when you consider the huge impact Yudala will have on small businesses and households in the informal sector.

“We must also not lose sight of the potential effects on the Nigerian economy in extension. At Access Bank, we are empowering and expanding the capacity of SMEs and the emergence of Yudala certainly provides many areas of partnership which will undoubtedly rub off positively on this crucial sector,” he stated.

Sharing same line of thought, Mr. Sam Amuka-Pemu, said, “I must commend the ingenious inspiration behind the Yudala dream. Nigeria is ripe for the revolution in retail business which Yudala offers. Indeed, this is an idea whose time has come.

“The combination of an online shopping platform with retail stores in various locations in the country is a game-changer and will definitely open up previously unexplored possibilities and convenience for many Nigerians. We must also not forget the potential effect on the Nigerian economy through the numerous employment opportunities this business model will create. Yudala is a business with an eye on the future and I dare-say, we must all embrace it.”

According to the Management of the composite retail platform, Yudala Online is billed to go live in August, promising even bigger deals and unprecedented discounts at launch.

Mr. Stanley Uzoechina, vice president, Yudala Retail Stores, affirmed that Yudala is the answer to the demands of the 21st Century, with its emphasis on skill and style. In his view, Yudala is a huge platform which re-defines the concept of offline retail.

“First, we are bringing trust into the business space. When you buy Yudala, you are buying peace of mind as all our products are genuine and come directly from the Original Equipment Manufacturers. There is also the additional incentive of All Risks cover (except theft) from Sovereign Trust Insurance when you buy Yudala. We are the first business in which Management takes responsibility for every product bought from or delivered by us. This is Revolution.

“Also, we have a road-map to reach the millions of unreached Nigerians in the hinterlands and rural areas. Management and Board has approved the launch of 10 additional stores nationwide before the end of August 2015 and by June 2017, 151 Yudala Stores will go live. This figure will increase to 512 Stores by June 2019. In no time, there will be a Yudala Store in virtually every local government council in the country.

“After-sales support is another core area of the Yudala Revolution. You no longer have to endure uncertainties when you have a challenge with purchased products. We are providing support for both warranty and out-of-warranty products even for those bought from our Online Division with our in-house Tech Gurus at every Experience Store.

“We will gradually roll out other product lines including Consumer Lifestyle, Urbane Fashion, Healthy Living range, Consumer Electronics and many others in phases. Yudala is a platform for the biggest brands that will improve the lives of every Nigerian,” he concluded.

Uzoechina added that with a bold ambition to dictate the pace and set new milestones for online and offline retail business in Africa, Yudala is poised to deliver on its mandate and will create 100,000 job opportunities for young Nigerians in three years. “We will strive to continuously optimize our products and services to outstrip our customers’ expectations,” he said.

 


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AU Sees AI Adoption Evolving to Boost Economic Growth in Africa

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Africa’s financial services sector is entering a new era of artificial general intelligence (AGI), as the adoption of artificial intelligence (AI) on the continent evolves to boost economic growth.

This was the word from Lavina Ramkissoon, ambassador representing the African Union for the East, North and South of the continent, speaking last week during the Financial Sector Conduct Authority Conference 2026.

As AI rapidly evolves beyond current frameworks, Africa faces a narrowing window to define its role in what could become a radically different global economic order, she said.

Ramkissoon co-chairs the African Union’s Science, Research, Technology and Innovation Council and leads its “sixth region” diaspora portfolio.

AGI refers to AI that matches human intelligence, capable of learning, reasoning and applying knowledge across diverse domains, while ASI is a theoretical, future AI that surpasses human intelligence across all fields.

Ramkissoon cautioned the global AI trajectory is already shifting beyond human and machine collaboration toward far more advanced forms of intelligence.

“In my opinion, we’ve quickly moved away from human agency, we’ve moved away from AI agency, and we’re getting into a space where we’re going to see AGI unfold − but not really know that it’s unfolding.”

She noted that this transition could be subtle at first, with only limited signals before a more dramatic leap.

“There’s going to be one or two key signs… and then all of a sudden, we’re going to wake up and see ASI around in terms of superintelligence.”

This progression, she suggested, raises fundamental questions about control and governance.

Rather than focusing purely on technological capability, Ramkissoon argued that societies must confront how much decision-making power they are willing to relinquish.

“From a human perspective, we’re going to have to dig deep in terms of understanding where to next and what sort of control we are willing to give away or negotiate going forward.”

Beyond the technological shift, she emphasised that Africa’s response must be grounded in structural readiness. Responsible AI at scale, she said, depends on three core pillars: infrastructure, computational capacity and a broader understanding of intelligence itself.

On infrastructure, Ramkissoon highlighted the need for interoperability rather than isolated systems, noting that Africa’s financial and digital ecosystems remain fragmented.

“For some reason, we haven’t been able to orchestrate it in a unified manner. This is probably our last opportunity to utilise AI to gauge that.”

She also challenged assumptions around compute capacity, arguing that the continent does not yet require widespread investment in large-scale data centres.

“Our utilisation of AI isn’t at that capacity yet. Running things like language models or robo-advisors are still relatively menial when we talk about the larger capacity required.”

More fundamentally, Ramkissoon pointed to a shift in how intelligence itself is defined and used in the digital economy.

“Intelligence is intelligence. Distinctions between human and artificial intelligence are becoming less relevant as the two increasingly converge.”

This shift is already reshaping economic thinking. Ramkissoon described the emergence of what she called a “new age economy”, where traditional drivers are being replaced.

“It no longer functions on the cost of capital, but is moving towards the cost of energy, the cost of data and the cost of intelligence.”

She also pointed to growing divergence in how global technology players are approaching AI, with some pushing for rapid expansion of capabilities, while others advocate for constraint.

Within the African continent, more than 60% of countries had adopted some form of AI policy or regulatory framework as of 18 months ago, with different regions beginning to take distinct approaches.

However, the continent risks falling behind if it fails to articulate a unified vision and take advantage of the full potential of AI, she stated.

“As much as we understand the opportunity, what are we actually tangibly doing on the ground to unlock that?” she asked, pointing to persistent challenges such as unemployment and low economic growth.

While AI is already reshaping labour markets globally, Ramkissoon cautioned against framing the issue purely in terms of job losses.

“We focus on fear more than optimism. AI is creating jobs and removing jobs at the same time.”

Instead, she called for a broader, long-term perspective that moves beyond short-term disruption toward strategic positioning.

“We really need to zone out and have a macro view. Without that, Africa risks missing a critical moment in shaping its digital and economic future as AI capabilities accelerate toward increasingly autonomous and potentially uncontrollable systems.”


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Qualified Cybersecurity Staff Shortage Among Key Obstacles in Curbing Supply Chain Risks

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A new global Kaspersky study has identified the lack of qualified IT security workers and the need for global organisations to prioritise various security tasks to mitigate the risk of supply chain and trusted relationship attacks. Both factors are cited by nearly half (42%) of the respondents.

Kaspersky’s recent study* on supply chain and trusted relationship risks showed that supply chain attacks have emerged as a top threat for businesses, with every third organisation hit by such an attack over the past year.

The severity and frequency of supply chain attacks necessitate uncovering the key reasons preventing them from addressing the risks successfully.

According to the survey, one of the key barriers to reducing supply chain and trusted relationship risks is the lack of a qualified workforce. This shortage leaves organisations without the capacity to consistently access and monitor possible third-party vulnerabilities across their ecosystems.

Among other primary obstacles, respondents noted the need to juggle multiple cybersecurity priorities. This reflects the fact that security teams are stretched across too many tasks at once, which might leave supply chain threats unaddressed.

Beyond resource constraints, respondents also point to structural issues: 39% say their contracts lack clear IT security obligations for contractors. Further 32% note that non‑IT security staff often do not fully understand these risks.

Globally, according to the survey, an overwhelming 85% of businesses admit their organisations need to upgrade protection against supply chain and trusted relationship risks, with only 15% of enterprises considering their current security measures effective.

At the same time, the results of the survey showed that current mitigation practices for third-party risks remain fragmented, with no way of protection getting more than 40% of current adopters. Even the most common protective measure, two-factor authentication, is used by only 38% of respondents.

In addition, only 35% of organisations conduct regular reviews of contractors’ cybersecurity postures. As a result, nearly two thirds of businesses lack ongoing visibility into the security of their partners, leaving them exposed to evolving vulnerabilities across their ecosystems.

It’s noteworthy that companies that have already experienced supply chain and trusted relationship attacks tend to adopt stronger security habits. Those hit by supply chain incidents are more likely to request penetration test results (56%), while victims of trusted relationship breaches prioritise checks on compliance with industry standards (56%) and their contractors’ own supply chain policies (53%).

“When security teams are overstretched, understaffed and have to prioritise urgent tasks over long term resilience priorities, organisations are left exposed to threats that can move silently through their provider ecosystem.

“To break this cycle, the industry needs to adopt more unified and consistent mitigation strategies, from standardised contractor assessments to stronger cross‑team awareness. Supply chain security should become a shared, enforceable responsibility across the entire business network,” comments Sergey Soldatov, Head of Security Operations Center at Kaspersky.

Only by implementing preventive measures across the organisation and approaching partnerships with suppliers and contractors strategically can companies reduce supply chain risks and ensure the resilience of their business.

 


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Study Reveals 83% of Employees Stay Connected to Work During Time Off, Fuelling Digital Anxiety

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A new Kaspersky survey undertaken in the Middle East, Turkiye and Africa (META) region reveals that digital anxiety is becoming a defining feature of modern work culture, as employees don’t disconnect even during their free time and vacations.

According to the findings, 83% of respondents keep an eye on work tasks outside working hours. An overwhelming 85% reply to all work-related messages in instant messaging apps, while the same share (85%) check work emails during their time off – and 81% admit they are responding to work emails while on vacation or in their personal time.

The pressure to remain constantly available is contributing to heightened stress levels in the workplace. Other sources of stress include work issues, for example, 43% experience anxiety after accidentally sending a random message to a work chat.

Interestingly, not all digital mishaps are perceived equally: 40% report that they take it calmly when they send an unfinished email, proving that some mistakes are considered less damaging than others.

Blurred boundaries between professional and personal life, combined with instant communication tools, are intensifying feelings of constant monitoring and fear of making digital errors.

More than a third (36%) of respondents say they feel extremely uncomfortable or even scared if their boss notices them scrolling through social media at work instead of working. The “always-on” culture may undermine employee well-being, increase burnout risks, and reduce overall productivity in the long term.

“Digital anxiety doesn’t just affect employee well-being – it can also increase cybersecurity risks for organisations. When people feel constant pressure to respond immediately to messages and emails, they are more likely to act impulsively, without carefully verifying links, attachments, or sender identities.

This urgency can make employees more vulnerable to phishing, and other scams using social engineering techniques,” comments Brandon Muller, Technical Expert at Kaspersky.

Kaspersky recommends employees to follow the below tips to avoid digital anxiety and associated cyber risks:

  • Slow down before clicking or replying. Digital anxiety can trigger automatic reactions. A short pause to check sender details, URLs, or attachments can prevent security breaches.
  • Treat urgency as a red flag. Cybercriminals often exploit pressure and fear. Always verify unexpected or urgent requests before responding.
  • Avoid handling sensitive information on unsecured networks. Public Wi-Fi, often used when working outside regular hours, increases exposure to cyber threats. Mobile network and VPN should be applied in such cases.
  • Use technologies that will help reduce risks. For example, Kaspersky Premium offers AI-powered anti-phishing features designed to help warn of potential threats.

Businesses can reduce cybersecurity risks related to employees’ digital anxiety by providing regular cybersecurity training that helps staff recognise threats and respond correctly even under stress.

At the same time, organisations should use robust cybersecurity solutions to minimise the impact of human error. Kaspersky Next’s adaptable and robust cloud-native protection, underpinned by an unequalled cybersecurity track record, is one of such products.

Protection solutions for mail servers, such as Kaspersky Security for Mail Server, with anti-phishing capabilities, help to additionally decrease the chance of infection through a phishing email.


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