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Nigerian Start-up Publiseer Records $10,877 Profit in Q1 2018

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By Dipo Olowookere

Digital publishing platform, Publiseer, has posted an impressive performance in the first quarter of 2018.

According to a statement issued by the Nigerian firm, in the period under review, it recorded a profit of $10,877.58, surpassing its expectations.

The company said it added over 200 new releases in the past 30 days and more are expected within the year.

Following the profits, Publiseer has launched its ‘Premium Distribution Service’ that will distribute books and songs for an upfront fee, allowing its authors and musical artists to keep 100 percent of their earnings.

Nevertheless, old and new clients can still use its ‘Freemium Distribution Service’ that gives Publiseer a 25 percent commission on sales.

It has taken just 8 months for Publiseer to become a money-making company.

The digital publishing company reported its first profitable quarter today, driven by a 20 percent rise in submissions and a faster reputation growth overseas.

Publiseer has thrived since its launch in August 2017, and traction has grown drastically. Since its international popularity is growing exponentially, the company is making moves to expand its services outside of Nigeria.

In response to this, Publiseer has distributed the works of Canadian Youtuber Heidi Shai, American Jazz musician Ragtime Joe, and Missouri producer ANB Beats.

In Africa, Publiseer has distributed the books of Cameroonian writer, Juan Gutied, and Zimbabwean author, Godfrey Masanga.

As of writing, Publiseer has distributed 92 books and 374 tracks by 73 authors and 154 artists, having received over 1,000 submissions since August 2017.

Commenting on the results, CEO of Publiseer, Mr Chidi Nwaogu, stated that, “Starting Publiseer, we weren’t focused on profitability as an early-stage company, rather, we were focused on customer satisfaction and retention.

“But at the beginning of the first quarter of this year, submissions doubled and thus our releases too. It is good building something that meets a growing need, and which eventually makes lots of money.”

Publiseer is a digital publishing platform for unsigned and independent writers and musicians with low-income or from low-income families.

However, the platform is open to well-established authors and musicians looking for new avenues to distribute and monetize their creative works on the World Wide Web. Publiseer has distributed the works of A-list Nigerian artists like CDQ, Klever Jay, Erigga, and DJ Jozenga of RayPower FM.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Protecting Telecommunications Infrastructure: A National Imperative for Nigeria’s Digital Future

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Femi Adeniran

By Femi Adeniran

Imagine waking up one morning to find no internet, no mobile network, and no access to emergency services—all because a single fibre cable was carelessly severed during routine construction. This is not just a hypothetical scenario; it’s a reality that plays out daily across Nigeria, threatening the backbone of our digital economy and undermining national security.

The Federal Government’s recent designation of telecommunications assets as critical national infrastructure is a landmark decision that underscores the strategic importance of connectivity in today’s Nigeria. Telecommunications infrastructure is not just about phone calls or browsing the internet; it powers vital sectors like education, healthcare, banking, and public safety. In a world increasingly defined by digital transformation, the integrity of our telecom networks is as critical as our roads, bridges, and airports.

Yet, this critical infrastructure faces relentless threats. Fibre cuts—primarily caused by construction activities, vandalism, and a lack of coordination between stakeholders—have become an epidemic. On average, operators report multiple incidents daily, disrupting services to millions of Nigerians.  Airtel Nigeria alone records a daily average of 43 fibre cuts and in the last six months, a total of 7742. These interruptions not only inconvenience consumers but also hinder businesses, delay government operations, and compromise public safety, particularly in emergencies.

The dry season, while ideal for construction and public works, has exacerbated the problem. With an increase in road and building projects, the frequency of fibre cuts has spiked alarmingly. This trend jeopardizes Nigeria’s broadband penetration goals and the collective efforts to harness technology for economic growth and social inclusion.

This is therefore a clarion call to all stakeholders—government agencies, security agencies, construction companies, telecom operators, the media and civil society—to collaborate urgently in safeguarding Nigeria’s telecommunications infrastructure. Beyond policy declaration, there is a need to urgently move to practical actionable steps some of which are:

  1. Stronger Enforcement and Coordination: Security Agencies and Regulatory bodies, must enforce stricter penalties for fibre damage while creating platforms for seamless coordination between construction companies and telecom operators.
  1. Regulating and Monitoring the Operations of Construction Companies: Construction companies to be regulated and monitored to ensure they accord similar status to telecom assets as they do to assets of other utility companies.
  1. Right-of-Way (RoW) Simplification: Streamlining the RoW process will ensure operators can bury cables securely and proactively plan for infrastructure protection in partnership with local governments.
  1. Adoption of Technology: Leveraging geospatial mapping and real-time monitoring tools will enable better identification of high-risk zones and faster response to incidents.
  1. Increased interest and Support from the Nigerian Media: Media stakeholders should support Public and private sector actors to drive must targeted campaigns and public enlightenment on the importance of telecom infrastructure and the dire consequences of fibre cuts.

Nigeria’s digital economy is a critical pillar of our national development strategy. To achieve the ambitious targets of the National Broadband Plan 2020-2025 and unlock the full potential of critical initiatives of the Federal Government like the 3 Million Technical Talents (3MTT) which aims to train and find job placements for 3 million Nigerian youths (local and international) by 2027, the “Project 774” of the Federal Government of aimed at digitizing all the 774 local government offices across the country for efficiency, and private sector-led developmental initiatives such as the Airtel-UNICEF Reimagine Education Project where Airtel Africa has committed $55m to connect children to digital learning across the 14 countries of its operations in Africa, with Nigeria taking the lead,  our telecommunications networks must be protected with the same rigor we reserve for our power grids, water systems, and transportation networks.

The time to act is now. Together, we can ensure that Nigeria’s telecommunications infrastructure remains resilient, reliable, and ready to power the future. Failure to act will cost us more than just dropped calls—it will jeopardize our journey to a truly connected nation.

Femi Adeniran is the Director for Corporate Communications and CSR at Airtel Nigeria

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3 Key Lessons from the Digital Transformation and Cybersecurity in Africa Conference

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By Paolo Abamwa

Last month, The American Business Council, brought together cybersecurity experts, tech leaders, and industry professionals for a cybersecurity conference themed Digital Transformation and Cybersecurity in Africa: Enhancing Information Security Using AI.

The event focused on how Africa can leverage AI to strengthen its digital infrastructure and address the region’s growing cybersecurity challenges.

Yellow Card was fully engaged in the discussions and networking with stakeholders, highlighting their Payments API and how it can help companies seamlessly integrate stablecoin payments for cross-border transactions across Africa.

Cybersecurity, AI, and Africa’s Digital Future

A standout moment at the conference was the panel discussion on “Harmonizing African Cybersecurity Policies and its Impact on Digital Transformation.” George Kisaka, Information Security Governance, Risk and Compliance Specialist at Yellow Card joined to speak about the urgent need for African nations to strengthen their cybersecurity laws.

He stressed that to keep pace with global standards, African governments must build robust frameworks to protect their citizens and businesses from cyber threats. He argued that, just as Western countries have robust laws to protect their citizens, African governments must implement similarly strong cybersecurity laws to safeguard their citizens’ digital experiences. He also called for unity across the continent, stressing that harmonized cybersecurity policies are essential for protecting both businesses and individuals.

The conversation also delved into the role of AI in Africa’s digital transformation. While some attendees expressed concerns about AI replacing jobs, the speakers reassured the audience that AI should be viewed as a tool to enhance human potential, not replace it. They encouraged Africans to embrace AI, upskill, and see it as an opportunity for collaboration, rather than competition.

Cybercrime and Building Collaboration

Another key discussion surrounded the rise of internet fraud among young people in Nigeria. Several attendees raised concerns about how easily young Nigerians can fall into fraudulent activities due to limited job opportunities and lack of awareness.

The panel addressed these concerns, emphasizing the role of government and regulatory bodies in curbing internet fraud. They discussed the importance of education, regulation, and the implementation of strict penalties for cybercriminals, highlighting that a collective effort from both the public and private sectors is needed to protect the next generation.

The speakers also highlighted international conferences, such as the European Cybersecurity Forum (CYBERSEC) and the RSA Conference, as vital spaces for global cybersecurity discussions. These events allow leaders from all over the world to share best practices and solutions, something Africa must actively engage with as it builds its cybersecurity framework.

Africa’s Digital Evolution

As one of the fastest growing fintechs in Africa and the largest stablecoins on/off ramp on the continent, Yellow Card is committed to Africa’s digital transformation. Beyond offering secure and efficient financial solutions, the company is passionate about educating and connecting businesses across Africa to the tools they need to thrive in a digital-first economy. Their presence at the event showcased their belief in the power of collaboration, technology, and strong cybersecurity policies to drive sustainable growth across the continent.

Looking Ahead…

As Africa continues to embrace digital transformation, strengthening cybersecurity and integrating technologies like AI will be key to building a secure, inclusive digital economy.

Paolo Abamwa is the Senior Marketing Manager at Yellow Card.

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Cassava Technologies Gets $310m for Robust Growth After Business Restructuring

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By Dipo Olowookere

To support its business restructuring designed for robust growth, a notable technology company, Cassava Technologies, has secured funding worth $310 million.

Business Post reports that the company got $90 million in equity injection and a $220 million loan from Standard Bank of South Africa, Rand Merchant Bank, Nedbank of South Africa, and International Finance Corporation (IFC) to refinance its debt.

The aim of the company is to use the funds to strengthen its balance sheet, drive sustainable profitable growth, and cement its position as a global technology company of African heritage as it formalised its legal reorganization.

It was gathered that Cassava received a $90 million equity investment from the US International Development Finance Corporation (DFC), Finnish Fund for Industrial Cooperation (Finnfund), and Google LLC.

“We are excited to announce these significant achievements, which collectively strengthen our financial position and are a powerful testament to the vision of our founder and Group Chairman, Strive Masiyiwa, and the dedication and commitment of our teams across the Group,”

“The closing of this equity round, completion of our ZAR debt refinancing, and reorganization represent more than just capital – it’s a pivotal milestone that we expect to unlock immense value and catalyse the further expansion of our digital infrastructure and services to bridge the digital divide on the continent,” the chief executive of Cassava, Hardy Pemhiwa, said.

Cassava reorganised its business to create an integrated digital solutions platform, which provides Broadband Connectivity, Co-location (data centres), Cloud, Cybersecurity, Compute (AI), and Payment services across more than 30 markets in Africa, the Middle East, India, and Latin America.

With the addition of DFC, Google LLC, and Finnfund, Cassava’s impressive roster of shareholders includes Econet Group, British International Investment (BII), Public Investment Corporation (PIC), Royal Bafokeng Holdings (RBH), Africa-Export Import Bank (Afreximbank/FEDA), and Gateway Capital.

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