Technology
African Tech Startups to Enjoy $1b VC Investment
By Dipo Olowookere
The value of venture capital investment is fuelling Africa’s emerging technology landscape. Whilst Kenya’s Silicon Savannah ecosystem has been at the forefront of the narrative over the past decade, the rise of infrastructure development opportunities within Northern Africa has become an increasingly attractive proposition to the Silicon Valley investment community. More tellingly, global technology entrepreneurs, the African Disapora, are starting to head home, or become dual-homed, hoping to find fruitful opportunities to launch new technology ventures in their native countries.
The drive for innovation is to support both economic and socio-economic development. Companies across the continent are developing new tech applications, adopting existing leapfrog technologies from other countries or modifying existing technologies to make them commercially viable in African markets. It’s about helping the local ecosystem thrive and fuelling job growth to foster innovation.
Algiers has been leading this drive, with several of Silicon Valley’s leading VCs heading to the upcoming Smart Cities Global Technology and Investment Summit on June 27-28 2018.
Paddy Ramanathan, Managing Director of IValley Innovation Centre is heading to the event with high hopes on building the next technology champions in Algiers, ‘Africa can adopt the Silicon Valley mantra of “learn fast” by working with start-ups to fast-track innovation and infrastructure development. Algiers is emerging as a truly viable market that is rewriting the rules of entrepreneurship. It’s enabling a new generation of investors to nurture a truly unique ecosystem.’
The growth in VC funding
Analysis by Crunchbase and TNA Analysis have shown that there was more than $400 million in VC funding for African startups in 2014, with the projection that there would be at least $1 billion in VC investment in Africa’s tech startups for the period 2012–2018.
All indications seem to point to a sustained growth over the foreseeable future. Companies across the continent are betting on leapfrog technologies utilising Blockchain and Artificial Intelligence to develop new tech applications to make them commercially viable in African markets.
Mehdi Sif, a Silicon Valley entrepreneur highlighted, ‘in this digitisation era, we have the opportunity to modernise, automate and transform and that entails tackling challenges at the crossroads of communications, information and operation technologies, spanning previously separate administrative domains, organizations and supply chains. The large number of Silicon Valley entrepreneurs converging on Algiers, is in a way, an illustration of that.’
Tailoring innovation models
However African countries have a different financial and entrepreneurial ecosystem than the US, particularly different from Silicon Valley’s. Adapting the innovation ecosystem to the specific context of African countries is of paramount importance.
A 2017 report by World Bank’s Vice President for Africa, Makhtar Diop, outlined that ‘to increase innovation capacity, African countries can invest in three aspects of innovation policy needs. The first include managerial and organisation capabilities. These come first because they allow organisations to adopt existing innovations and start collaborating and piggybacking on the advances of other countries. The second step involves building technological capabilities, so that countries may adapt and create more of their own innovations. And the third step involves investing longer term in technological programs.’
Kiran Inampudi from Alchemist Accelerator, stated, ‘it’s important for trade deals to invest within the local ecosystem, to allow knowledge and technology transfer, to improve skills and to provide jobs, to really get the benefit of the investment.’
Leveraging talent and the African diaspora
With over 30 million Africans living outside of their home countries the continent’s diaspora has the potential to be a major source of development financing and partnerships African investors are likely to be more socially conscious than their foreign counterparts due to social and cultural connections and their in-depth understanding of local contexts. They are also able to transfer of their technical expertise to bridge the skill gap in math, science, technology and engineering fields.
‘Silicon Valley is first and foremost about talent and everything runs around that’ said Dr. Riad Hartani, from Smart City Algiers. ‘As such, effective talent mobilisation is key to ensure success in fostering innovation. Algiers has set that as a goal and it demonstrates the opportunity that ambitious investors can take their knowledge and adapt this into the local ecosystem. This is one of the most crucial areas being debated at the Algiers Summit.’
The Algiers Smart City Project has also started to innovate from within. The Summit will be showcasing newly launched start-ups incubated by the Smart City Project. Ursiniaa, founded by Abderrahman Aitsaid, is in the process of developing IoT solutions for Smart City applications and believes that the project will be the start of a new Algeria. ‘Africa’s tech hubs are taking on many different characteristics. They’re a place where young students, engineers and entrepreneurs come together to uncover skill, energy, and innovating spirit. The key is to work together to make it happen.’ Dr. Amine Bouabdallah, CEO of Isiniaa, is in agreement. ‘Algiers Smart City is the first time that people across all horizons are coming together to ‘discuss the cities issues and how to connect with the global ecosystem to leapfrog the technology gap.’
The head of Smart City Algiers, Fatiha Slimani said, ‘to best leverage out Diaspora, policy makers have a prime role in identifying diaspora talent that have the prerequisites and be proactive in defining projects optimal for them to lead and develop. The Diaspora dimension is key and they shall be welcome to contribute to the development of their country.’
Technology
Expert Reveals Top Cyber Threats Organisations Will Encounter in 2026
By Adedapo Adesanya
Organisations in 2026 face a cybersecurity landscape markedly different from previous years, driven by rapid artificial intelligence adoption, entrenched remote work models, and increasingly interconnected digital systems, with experts warning that these shifts have expanded attack surfaces faster than many security teams can effectively monitor.
According to the World Economic Forum’s Global Cybersecurity Outlook 2026, AI-related vulnerabilities now rank among the most urgent concerns, with 87 per cent of cybersecurity professionals worldwide highlighting them as a top risk.
In a note shared with Business Post, Mr Danny Mitchell, Cybersecurity Writer at Heimdal, said artificial intelligence presents a “category shift” in cyber risk.
“Attackers are manipulating the logic systems that increasingly run critical business processes,” he explained, noting that AI models controlling loan decisions or infrastructure have become high-value targets. Machine learning systems can be poisoned with corrupted training data or manipulated through adversarial inputs, often without immediate detection.
Mr Mitchell also warned that AI-powered phishing and fraud are growing more sophisticated. Deepfake technology and advanced language models now produce convincing emails, voice calls and videos that evade traditional detection.
“The sophistication of modern phishing means organisations can no longer rely solely on employee awareness training,” he said, urging multi-channel verification for sensitive transactions.
Supply chain vulnerabilities remain another major threat. Modern software ecosystems rely on numerous vendors and open-source components, each representing a potential entry point.
“Most organisations lack complete visibility into their software supply chain,” Mr Mitchell said, adding that attackers frequently exploit trusted vendors or update mechanisms to bypass perimeter defences.
Meanwhile, unpatched software vulnerabilities continue to expose organisations to risk, as attackers use automated tools to scan for weaknesses within hours of public disclosure. Legacy systems and critical infrastructure are especially difficult to secure.
Ransomware operations have also evolved, with criminals spending weeks inside networks before launching attacks.
“Modern ransomware operations function like businesses,” Mitchell observed, employing double extortion tactics to maximise pressure on victims.
Mr Mitchell concluded that the common thread across 2026 threats is complexity, noting that organisations need to abandon the idea that they can defend against everything equally, as this approach spreads resources too thin and leaves critical assets exposed.
“You cannot protect what you don’t know exists,” he said, urging organisations to prioritise visibility, map dependencies, and focus resources on the most critical assets.
Technology
NCC Begins Review of National Telecommunications Policy After 26 Years
By Adedapo Adesanya
In a consultation paper released to the public, the commission said it is seeking input from stakeholders, including telecom operators, tech companies, legal experts, and the general public, on proposed revisions designed to reposition Nigeria’s telecommunications framework to match current digital demands. Submissions are expected by March 20, 2026.
The NTP 2000 marked a turning point in Nigeria’s telecom landscape. It replaced the 1998 policy, introducing full liberalisation and a unified regulatory framework under the NCC, and paved the way for the licensing of GSM operators such as MTN, Econet (now Airtel), and Globacom in 2001 and 2002.
Prior to the NTP, the sector was dominated by Nigerian Telecommunications Limited (NITEL), a government-owned monopoly plagued by obsolete equipment, low teledensity, and poor service. At the time, Nigeria had fewer than 400,000 telephone lines for the entire country.
However, the NCC noted that just as the 1998 policy was overtaken by global developments, the 2000 framework has become structurally misaligned with today’s telecom reality, which encompasses broadband, 5G networks, satellite internet, artificial intelligence, and a thriving digital economy worth billions of dollars.
“The rapid pace of technological change and emerging digital services necessitate a comprehensive update to ensure the policy continues to support economic growth while protecting critical infrastructure,” the Commission stated.
The review will target multiple chapters of the policy. Key revisions include: Enhancements on online safety, content moderation, digital services regulation, and improved internet exchange protocols; a modern framework for satellite harmonisation, coexistence with terrestrial networks, and clearer spectrum allocation to boost service quality, and policies to address fiscal support, reduce multiple taxation, and lower operational costs for operators.
The NCC is also proposing entirely new sections to the policy to address emerging priorities. Among the key initiatives are clear broadband objectives aimed at achieving 70 per cent national broadband penetration, with a focus on extending connectivity beyond urban centres to reach rural communities.
The review also seeks to formally recognise telecom infrastructure, including fibre optic cables and network masts, as Critical National Infrastructure to prevent vandalism and enhance security.
In addition, the commission is targeting the harmonisation of Right-of-Way charges across federal, state, and local governments, alongside the introduction of a one-stop permitting process for telecom deployment, designed to reduce bureaucratic delays and lower operational costs for operators.
According to the NCC, the review aims to make fast and affordable internet widely accessible. “The old framework was largely voice-centric. Today, data is the currency of the digital economy,” the commission said, highlighting the need to close the urban-rural broadband divide.
The consultation process is intended to gather diverse perspectives to ensure the updated policy reflects current technological trends, market realities, and consumer needs. By doing so, the NCC hopes to maintain the telecommunications sector’s role as a key driver of economic growth and digital inclusion.
Technology
FG to Scrutinise MTN’s $2.2bn Full Take Over of IHS Towers
By Adedapo Adesanya
The Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, says the Nigerian government is assessing MTN Group’s acquisition of IHS Towers to ensure the deal aligns with Nigeria’s telecommunications development goals.
On Tuesday, MTN Group said it has agreed to acquire the remaining 75.3 per cent stake in IHS Holding Limited in an all-cash deal valued at $2.2 billion. The deal will be funded through the rollover of MTN’s existing stake of around 24 per cent in IHS, as well as about $1.1 billion in cash from MTN, roughly $1.1 billion from IHS’s balance sheet, and the rollover of no more than existing IHS debt.
Mr Tijani, in a statement, said the administration of President Bola Tinubu has spent the past two years strengthening the telecom sector through policy clarity, regulatory support, and engagement with industry stakeholders, boosting investor confidence and sector performance.
“Recent financial results from key operators show improved profitability, increased investment in telecoms infrastructure, and operational stability across the sector,” he said.
“These gains reflect the resilience of the industry and the impact of government reforms.”
The minister added that telecommunications infrastructure is critical for national security, economic growth, financial services, innovation, and social inclusion.
“We will undertake a thorough assessment of this development with relevant regulatory authorities to review its impact on the sector,” Mr Tijani said.
He added that the review aims to ensure market consolidation or structural changes, protect consumers, safeguard investments, and preserve the long-term sustainability of the telecom industry.
Mr Tijani also said the government remains committed to maintaining a stable and forward-looking policy environment to keep Nigeria’s telecommunications sector strong and sustainable, in line with the administration’s broader digital economy vision.
Upon completion, the transaction will see MTN transition from being a minority shareholder in IHS to a full owner. It will also see IHS exit from the New York Stock Exchange and become a wholly owned subsidiary of MTN.
For MTN, the deal represents a decisive shift as data demand surges and digital infrastructure becomes increasingly strategic with a booming digitally-oriented youth population on the continent.
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