Latest stories tagged “digital economy”
The Nigerian Communications Commission (NCC) and the Digital Bridge Institute (DBI) have announced plans to enhance the institute's role in digital skills development, research, innovation, and policy to support Nigeria's digital economy. This initiative aims to reposition DBI as a leading center in these areas, according to Vanguard.
Experts warn that Nigeria's cybersecurity defense is increasingly compromised due to the migration of skilled professionals abroad. This brain drain is weakening the country's ability to protect its expanding digital economy from a rise in cyberattacks targeting banks, government institutions, and private businesses. Despite a growing interest among young Nigerians in cybersecurity careers, the exodus of talent poses significant challenges to national security, according to industry analysts.
MTN Nigeria has highlighted the ongoing issue of SIM-swap fraud in Nigeria's digital economy, despite various efforts to tackle the problem through discussions and conferences. The telecom company claims to have a lasting solution and is advocating for banks to contribute to the costs of telecom-powered security checks to combat this fraud.
As artificial intelligence influences the future job market, there is a concern regarding the connection between education, entrepreneurship, industry, and finance in Africa. This disconnection may hinder capable young individuals from effectively participating in the digital economy. According to Techpoint Africa, addressing systemic issues could be more crucial than merely equipping the next generation with digital skills.
Meta has released an assessment suggesting that Kenya's digital economy has the potential to grow significantly, with a projected value of $13 billion. This claim highlights the importance of the digital sector in the country's economic landscape, according to CIO Africa.
OPay is playing a significant role in Nigeria's digital payment revolution by enhancing financial inclusion, facilitating commerce, and contributing to the development of the country's digital economy, according to Legit.ng.
According to Vanguard, technology has significantly transformed financial transactions in Nigeria, allowing individuals to conduct activities such as sending money, paying bills, and purchasing airtime via mobile phones without needing to visit a bank. This shift towards digital financial services is exemplified by OPay, which is playing an increasing role in facilitating access to these services as the economy becomes more digital.
Amal Hassan is recognized as a self-made entrepreneur in Nigeria, known for her professional accomplishments and contributions to youth and women empowerment. Unlike many contemporaries, her success is attributed to legitimate business ventures rather than politics or fraudulent activities. She has gained national relevance and international recognition through her efforts in building Nigeria's digital future.
Kenya experienced over three billion cyberattack attempts aimed at government systems, businesses, and critical digital infrastructure in the three months leading up to June. This surge underscores the escalating cybersecurity threats confronting the nation, which is recognized as one of Africa's rapidly advancing digital economies. The findings are detailed in a report by the National Computer and Cybercrime Coordination Committee (NC4).
Parliament has approved the establishment of a National Cybersecurity Agency in Kenya, aimed at coordinating the country's response to digital threats. This decision comes as Kenya's digital economy grows and raises questions about how to protect infrastructure that increasingly relies on software and networks. Currently, Kenya has several existing cyber institutions addressing these challenges.