By Roberta Edu

As a feminist, entrepreneur, and tech expert, I have always advocated for women’s empowerment and equality. However, through my personal and professional experiences in Nigeria, I have observed a critical pattern—when it comes to success in business, politics, or life in general, strategic collaboration with men often yields more support and results than relying solely on women.

Many assume that my advocacy for women means I am against men, but the truth is, most of my key business relationships and life-changing connections have been with men. This is not to say that women do not support each other, but rather to highlight a deeper psychological and social conditioning that influences how women interact in competitive and professional spaces.

When I embark on a project, the first people I instinctively reach out to are often a mix of men and women—yet, the ratio tends to favor men. In my experience, once you set aside the extremely misogynistic men, more men are likely to support a woman’s growth than an average woman would. This is not a matter of personal rivalry but a systemic issue. African women, having been historically conditioned to look up to men for leadership and validation, often unconsciously undermine their own gender.

This mindset is deeply ingrained. Many women, even those in positions of influence, tend to champion men over their fellow women, regardless of competence. It is a learned behavior, stemming from generations of systemic gender imbalance. While there are progressive women who actively uplift others, the percentage remains relatively small.

For women aiming to break barriers, this reality must be acknowledged, not with bitterness, but with strategy. Success requires allies, and in the current landscape, men often serve as more reliable supporters. Women in disruptive or leadership roles must ensure they have solid male allies in their corner—men who will stand by them, advocate for them, and offer steadfast support when needed.

This does not mean women are incapable of supporting each other, nor does it absolve men of their role in perpetuating gender inequality. Instead, it underscores the need for women to be intentional about fostering genuine alliances while continuing to challenge and change the narratives that hinder collective female progress.

A clear example of this disparity is evident in social discourse. If I were to be criticized online today, it is likely that men, even those who regularly debate my views, would engage in a more structured and measured argument. Meanwhile, some women, who may have never engaged with my content before, might resort to outright dismissal or discrediting. This is not personal; it is simply a reflection of the broader inequality effect.

As we work towards closing the gender gap, women must recognize these systemic influences and actively work to dismantle them. By supporting each other more intentionally and challenging ingrained biases, we can create a more balanced and empowering environment for all. Until then, strategic collaboration remains key to success in today’s world.

 

Breaking into the competitive American market is a dream for many brands, and for Roberta Edu, CEO of Nigeria’s Moppet, that dream came closer to reality when her baby formula brand received an invitation to join the Walmart Marketplace. Yet, her path to this milestone was anything but straightforward. In a journey marked by caution, wisdom, and resilience, Edu shares how stringent due diligence practices helped her sidestep potential pitfalls and secure Moppet’s reputation as it prepared for this significant market entry.

Edu’s story highlights the importance of integrity and verification in high-stakes business moves. Reflecting on a prior offer from a distributor promising lucrative market access in the United States, Edu admits the initial excitement clouded her judgment. “In your quest to do business, expand, and penetrate the market, please do not close your eyes to red flags and don’t dabble in dirty waters knowingly or unknowingly,” she shared. Her husband, YM, urged her to carefully investigate the distributor’s background and funding sources, eventually uncovering troubling signs that led them to end the deal.

The experience became a valuable lesson in risk management, as Walmart later asked for similar documentation to ensure Moppet’s compliance with international regulations. Edu now emphasizes that “due diligence today prevents regrets tomorrow,” a principle that has strengthened Moppet’s growth journey and reinforced her commitment to ethical business practices. Her story stands as a powerful reminder to entrepreneurs worldwide: integrity and thorough verification are the true gateways to sustainable success.

 

 

With the recent shifts in Nigeria’s foreign exchange landscape, Anayo Nwosu, a seasoned banker, has shared valuable insights on the evolving forex market, advising businesses and individuals on strategic financial positioning.

“The commencement of local petroleum product supply by the Dangote Refinery will significantly reduce the pressure on the demand for dollars in Nigeria. For a long time, Nigeria has spent heavily on importing petroleum products, which fueled the demand for foreign currency. Now, with local production, that demand will drop,” Nwosu noted.

Nwosu also highlighted the broader impact of Dangote’s operations on Nigeria’s foreign exchange inflows. “Dangote will not only meet local demand but also generate foreign exchange through exports to sub-Saharan Africa. This is a game-changer. The refinery’s reach covers West, Central, and Southern Africa, and it will control the sale of aviation fuel across the continent. It’s no surprise that 16 European refineries are considering shutting down due to this competitive threat.”

Despite these benefits, Nwosu cautioned about potential challenges. “If the Federal Government prioritizes selling crude oil to meet Dangote’s needs, Nigeria’s FX earnings from crude oil will decline, which may reduce the FX available to the Central Bank of Nigeria for official sales to banks. This could impact importers and businesses that rely on FX for Letters of Credit and other transactions.”

However, Nwosu pointed out a crucial trend that savvy business owners should note. “The naira has already appreciated between N150 and N200 in just a week. This indicates that the exchange rate for the dollar to naira has started falling. Smart businesses should take advantage of this and hold their funds in naira, not dollars, as the market adjusts.”

His overall advice is strategic but simple: “Importers and distributors of foreign products must read the economic weather well. The forex landscape is changing rapidly, and those who act now will be better positioned for future gains.”

Anthony Emeka Nwosu

 

In a recent announcement, Showmax, a streaming service owned by MultiChoice and NBCUniversal, is set to release a compelling documentary series titled “Freemen,” shedding light on the Igbo Apprenticeship System (IAS). The documentary, a Nigerian Original production, is expected to premiere on 12 February 2024.

Ndubuisi Ekekwe, a prominent figure from Ovim village and recognized as an academic Nollywooder, extended his congratulations to Showmax and the entire Freemen team. Ekekwe expressed gratitude for the recognition of his work in the Harvard Business Review, highlighting the acknowledgment of his Ovim village roots. In response, he thanked his editors at Harvard for their support, emphasizing the growing influence of the African model of stakeholder capitalism.

“The documentary features prominent Igbo businessmen such as Dr. Cosmas Maduka, popularly known as Coscharis, Obinna Iyiegbu (Obi Cubana), Ndubuisi Ekekwe, Okey Japan, and other notable entrepreneurs,” Ekekwe stated. He emphasized the significance of the Igbo Nation’s approach to building individuals not only through craftsmanship but also through knowledge.Obi Cubana, Ndubuisi Ekekwe, Coscharis, etc Appear on Freemen, a Showmax  Documentary on the Igbo Apprenticeship System - Tekedia

Ekekwe argued that the Igbo Apprenticeship System is a validated and tested developmental framework, citing its role in the remarkable economic recovery of the Igbo people after the civil war. He pointed out that households, starting with a mere 20 Nigerian pounds, experienced unprecedented growth, with investments quickly transforming into mansions, companies, dynamic diasporas, and homeland success stories.

Showmax’s upcoming documentary series, “Freemen,” aims to explore the Igbo Apprenticeship System in a seven-part groundbreaking presentation. The series promises to captivate audiences with its in-depth look at the unique economic and cultural aspects of the Igba Boi, also known as the Igbo Apprenticeship System.

The release of “Freemen” marks a significant milestone in showcasing the Igbo culture and its entrepreneurial spirit. As the documentary premieres on 12 February 2024, viewers can anticipate a compelling journey through the Igbo Apprenticeship System, offering insights into its historical significance and the remarkable success stories of those who participated in this unique economic framework.

 

 

…the Igbo Apprenticeship System in a seven-part groundbreaking presentation. The series promises to captivate audiences with its in-depth look at the unique economic and cultural aspects of the Igba Boi, also known as the Igbo Apprenticeship System.

In today’s highly evolving and competitive world, the need to be smart and find the right vibe becomes imperative for anyone to survive. Ability to key into opportunities and rock solid network becomes imminent for everyone including Christians and going to churches in Sundays should only be about worshipping of God but create life changing networking experience.

Certainly, the role of a church in an individual’s life extends far beyond the act of worship, raising the question of whether your church can contribute to your personal and professional growth. Worshiping God is not confined to the physical church building, for God’s presence is believed to be omnipresent. In fact, according to religious doctrine, God has transcended the physical temple, like that of Jerusalem, and now resides within each of us, with his commandments etched into our souls.

In many cases, people attend church not only for spiritual devotion but also for the valuable opportunities it offers in terms of socialization and networking. Consider, for instance, the Catholic church near Falomo, in proximity to the Dangote Headquarters. Here, you may find a congregation that includes board members, managing directors, CEOs, and other influential figures. By consistently attending such a church for a couple of years, you may witness significant changes in your life, both personally and professionally.

What’s particularly appealing about certain churches, like the Catholic and Anglican denominations, is the quality of the congregation they attract. These churches often have a significant presence of individuals with substantial financial resources, which can provide you with valuable connections. Worshipping in such environments can lead to recognition and acknowledgment within influential circles. As an example, the CEO of Air Peace began his journey in my parish, St. Ferdinand. Even after moving on, he maintains a connection with the parish, and individuals within the congregation have secured job opportunities through their parish affiliations.

Therefore, it’s worth pondering what your church can offer you beyond the regular requests for offerings, tithes, and seeds. Can it provide you with the capacity to grow, facilitate meaningful connections, and support your business networking and development? If your church isn’t fulfilling these aspects, it might be time to explore other congregations that can better align with your goals, as doing so can foster personal and professional growth while complementing your faith with tangible actions.

 

Anthony Emeka Nwosu

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The fashion industry is growing in leaps and bounds in Nigeria, worth billions of dollars annually, but many of the small players in the industry are not benefiting from this exposure and boom.

For many fashion enthusiasts, pursuing a career in the fashion industry seems like a dream come true. The idea of designing beautiful garments and creating unique styles that make people feel confident and beautiful is what draws many to the industry. However, it takes more than just creativity and passion to succeed as a fashion entrepreneur. It requires a solid understanding of business principles and strategies that can help drive sales and grow a successful fashion business.

Speaking to a group of journalists during a press conference, the founder and chief executive officer of Mykmary Fashion House, Micheal Onyemah, said “in today’s fashion industry, to sustain a fashion business over time, it is necessary to have a steady stream of customers. This necessitates a focus on brand development, cultivating loyal customers, and consistent marketing and selling of your services and products. Sewing is a valuable skill, but it is not enough to make a profitable business. The ability to market and sell products and services is what generates revenue and builds a sustainable business. There is a need for fashion business owners to be empowered with tools and the know-how to improve their businesses’ sales, increase revenue and help their businesses get off to a flying start. Our goal is to ensure that fashion business owners can automate their sales and multiply business profits, which in turn enables them to run a business that can fund their desired lifestyle.

“This is where Michael Onyemah, a fashion business advocate, comes in. For the past three years, Michael has been organizing fashion shows and award ceremonies, where he has interacted with numerous fashion entrepreneurs. He has discovered that while many of these entrepreneurs are skilled at designing and creating beautiful garments, they often lack the necessary business acumen to succeed in the industry.May be an image of 13 people, people standing and indoor

To bridge this gap, Michael has decided to start an online fashion business school called Mykmary Fashion Business School. Through the fashion business school, he aims to empower fashion entrepreneurs with the knowledge and skills they need to run successful fashion businesses. He believes that by equipping these entrepreneurs with business skills, they can turn their passion into a profitable venture.

The school offers a wide range of courses that meets the pain point of fashion business owners which includes generating high-quality leads, brand positioning, Content creation strategies, building business system and structure, business branding, and planning among others.

The courses are designed to provide fashion entrepreneurs with practical skills that they can apply to their businesses. The school also offers mentorship programs, where students can interact with experienced fashion entrepreneurs who can guide them on their entrepreneurial journey.

Michael’s dedication to the fashion industry has not gone unnoticed. His efforts have been recognized by the industry, and he has received numerous awards for his contributions. His work has been featured in several national and international publications, and he has been invited to speak at various fashion events.

As the fashion industry continues to evolve, Michael’s passion for powering fashion entrepreneurs remains unwavering. Through Mykmary Fashion Business School, he hopes to inspire a new generation of fashion entrepreneurs who not only have the passion and creativity but also the business skills to succeed.

Michael Onyemah is a true champion of the fashion industry. His dedication to empowering fashion entrepreneurs through Mykmary Fashion Business School is a testament to his commitment to the industry. With his passion, expertise, and dedication, he is transforming the fashion industry, one entrepreneur at a time.

Mykmary Fashion was created with the motive of promoting indigenous fashion brands and connecting them to the international market. And ever since then, they have been working to add value and interpret the African fashion business to the world at large.

 

 

How do you get staff on board with security? By making it personal, says Kevin Halkerd, Senior Risk & Security Analyst at e4.

 

Most successful cyber breaches have one thing in common: People. Your company can be protected from every tech angle, with the latest security updates and most advanced threat detection, but it takes just one employee accidentally sharing their password for a major breach to occur.

 

Human-targeted attacks will remain the number one threat to cyber security and will only keep increasing in volume and complexity this year. As even casual observers have become more adept at spotting emails that don’t look quite right, criminals constantly work at creating more sophisticated traps. This year, we’ll likely see more complex attacks as well as automation and the monetisation thereof, as bad actors leverage and repurpose the likes of ChatGPT and other AI chat tools.

 

Human error is not only the biggest security blind spot, but also requires more effort to remediate. It necessitates training and buy-in, as opposed to a security threat you might patch or reconfigure to a more secure mode. And after all that, your security still depends on the will of those humans to engage with the training and execute the learnings. There are no quick solutions, and any solution in place requires constant reviewing, reengagement, and reporting.

 

So how do you get staff members to engage in security messaging and implement these instructions correctly? By making it personal for and applicable to them.

 

South Africa already has a security-first culture due to our sensitivity to crime in general. Your toughest challenge is then to broaden the scope of staff members’ security mindset.

Do this by always providing consistent, friendly, and supportive engagement on security topics. If your security team can add value to other staff members’ lives, whether through support, personal advice, or leading by example, these quality exchanges will become a foundation for further interaction. If staff members perceive that they, too, get value out of engaging with security teams and materials, they’ll be more inclined to adopt your overall organisational strategy and awareness mission.

 

You could tailor such initiatives by:

Using strong awareness content about the threats most prevalent in your business to regularly keep security in focus.
Adding additional customised content to such materials to dig deeper and create interest in current trends.
Sharing ‘inside info’ such as vulnerability notices and remediation steps for consumer phones, tablets, and wireless routers that staff members may use in their personal lives.
Running routine unannounced simulations and sharing the results with the group.
Incentivising participation by rewarding star performers – but still supporting stragglers.

 

 

 

 

 

 

 

 

 

Throughout 2022 (https://bit.ly/3wQqhGM), 40% of industrial control system (ICS) computers globally were attacked with malware. In Africa, the figure sits at 47% according to Kaspersky (www.Kaspersky.co.za) ICS CERT*. For countries monitored on the African continent, the three countries which experienced the most attacks on ICS infrastructure were Ethiopia (62%), Algeria (59%), and Burundi (57%). Among others, they are followed by Rwanda (46%), Kenya (41%), Nigeria and Zimbabwe (both stand at 40%), Ghana (39%), Zambia (38%) and South Africa and Uganda (both stand at 36%). This is a high growth threat landscape in Africa that no public or private sector entity, especially in critical sectors like energy and mining, can ignore.

 

“One infected USB drive or a single spear-phishing email is all it takes for cyber criminals to bridge the air gap and penetrate an isolated ICS network. Traditional security is not adequate to protect industrial environments from rapidly evolving cyber threats. As attacks against critical infrastructure increase, choosing the right approach to secure systems has never been more important,” says Brandon Muller, Kaspersky tech expert and consultant in the Middle East and African region.

Think of an ICS as a collection of personnel, hardware, and software that can affect or influence the safe, secure, and reliable operation of an industrial process. IT is one component of this environment with operational technology (OT) another key element. While traditional cybersecurity solutions focus on data-oriented businesses, ICS protection is geared towards OT security where it is all about cyber-physical companies such as utilities, mining, manufacturing, and so on.

Effective OT cybersecurity measures must therefore include industrial endpoint protection to prevent accidental infections and make motivated intrusion more difficult, OT network monitoring and anomaly detection to identify malicious actions on the level of programmable logic controllers, and dedicated expert services to investigate the infrastructure, conduct expert analytics, or mitigate the impact of an incident.

“However, despite all the innovations in modern cybersecurity solutions, human error still plays a significant role in compromising ICS systems. As such, it needs to be managed much more proactively than what is currently happening. This requires utility companies, mines, and others operating in the industrial environment to look at building a Human Firewall,” adds Muller.

As attacks against critical infrastructure increase, choosing the right approach to secure systems has never been more important

One of the best ways to achieve this is through the right security awareness and training solutions that go beyond basic training. Instead, it is about delivering training that is easily digestible, practical, and memorable so it will always stay top of mind. Companies must provide training to ensure staff are armed with the very latest skills and knowledge, especially given how quickly cyber incidents evolve.

Beyond the Human Firewall, there are sector-specific interventions to consider. For instance, modern electrical power systems are complex environments requiring protection, automation, and control solutions covering all areas of electric power facility operation. Notwithstanding the technical challenges of securing this environment, organisational issues must also be considered. For instance, a lack of guides defining actions to be taken when suspicious activity is detected within automated systems. There is also a lack of documents and practices relating to the investigation of disturbances in technological environments including malicious influence on control systems.

Mines are also hotbeds for potential attacks especially at a time when Industry 4.0 digital technologies link key operational systems to data analytics and cloud environments. Mines are confronted by escalating cybersecurity threats but lack the in-house skills to adequately protect their OT and ICS environments. Combining ICS cybersecurity solutions with ongoing user education and training are non-negotiables especially when human lives are at risk.

“It is a holistic approach towards ICS cybersecurity that incorporates hardware, software, and user awareness training components that will result in a hardened defensive posture around all aspects of OT security processes,” says Muller.

For more information on Kaspersky’s product offering for Industrial Cybersecurity, visit: https://ICS.Kaspersky.com/

Kaspersky Industrial CyberSecurity is a portfolio of products and services specially designed by Kaspersky to secure Operational Technology layers and elements of industrial enterprises. Aimed to provide a holistic approach to industrial cybersecurity, Kaspersky Industrial CyberSecurity brings value on any stage of the OT security process – from cybersecurity assessment and training to advanced technologies and incident response.

KnowBe4 releases overall 2022 and Q4 2022 global phishing test reports and finds business-related emails continue to be utilized as a phishing strategy and reveal top holiday email phishing subjects

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TAMPA, United States of America, February 1, 2023/ — KnowBe4​ (www.KnowBe4.com), the provider of the world’s largest security awareness training and simulated phishing platform, announced the results of its 2022 and Q4 2022 top-clicked phishing report. The results include the top email subjects clicked in phishing tests, top attack vector types, holiday phishing email subjects and more insightful information that reveal the most popular phishing email tactics.​ ​

Phishing emails continue to be one of the most common and effective methods to maliciously impact a variety of organizations around the world – everyone is a potential victim. Cybercriminals constantly refine their strategies to outsmart end users and organizations by changing phishing email subjects to be more believable and attention grabbing. This shift in phishing tactics over time is evident in the increasing trend of cybercriminals using business-related email subjects.

Business phishing emails are lucrative and successful because of their potential to affect a user’s workday and routine. These include emails from HR, IT, managers and web services such as Google and Amazon. KnowBe4’s 2022 phishing test results reveal that for the year, nearly 50% of email subjects were HR related, while the other half were related to career development, IT and work project notifications. These types of emails bait recipients into opening them and are likely successful because they create a sense of urgency in users to act quickly, sometimes without thinking and taking the time to question the email’s legitimacy.​

Additionally, this year’s phishing tests revealed the top vector for the year to be phishing links in the body of an email, which has stayed consistent for the last three consecutive quarters. The combination of these phishing tactics is clearly a working strategy for cybercriminals but detrimental to users and organizations as they can lead to cyber attacks such as business email compromise and ransomware.

Along with an increased utilization of more business-related emails and links within emails, the Q4 2022 phishing test also shares the top holiday phishing email subjects. The holiday season is one of the busiest times of year for online activities and cybercriminals count on end users having their guards down when it comes to staying alert and spotting phishing emails. Like general phishing email subjects, holiday phishing email subjects consist of emails from HR and IT, however, they are also tailored to the holiday season and the festivities that typically happen during that time of the year by mentioning holiday parties, gifts, food and more.​

“Cybercriminals are smart and pay attention to what works and what does not when it comes to effective phishing emails,” said Stu Sjouwerman, CEO, KnowBe4. “This is why we see email subjects evolve and upgrade over time to keep up with end users and what they may be susceptible to. Phishing emails are a year-round threat and remain a challenge during the holiday season as well – holiday phishing emails are the one gift that no one wants to receive in their inbox. KnowBe4’s phishing test reports emphasize the importance of new-school security awareness training that educate users on the latest and most common cyber attacks and threats. A strong security culture and an educated workforce is an organization’s best defense to remain vigilant and stay safe online from cybercriminals and their attempted threats.”

To download a copy of the 2022 and the Q4 2022 KnowBe4 Phishing Infographics, visit here (https://bit.ly/3YfF7SU) and here (https://bit.ly/3XX2wZQ).

Don’t let your business be punished for, and by cyber fraud 

 

As the business landscape rapidly evolves, a general awareness of security vulnerabilities is no longer enough. Cyber fraud, data and payment breach risks need to be managed urgently and strategically with the right tools, says Ryan Mer, CEO at eftsure Africa, an automated Know Your Payee™ (KYP) platform provider.  

 

South African companies are facing a surge in Business Email Compromise (BEC) and other cyberattacks, exposing gaps in organisations’ payment systems with serious financial, reputational, and legal consequences. In January 2023, leading South African law firm, Edward Nathan Sonnenbergs (ENS) was ordered by the High Court in Johannesburg to pay R5.5 million including interest to a property buyer, Mrs. Judith Harwarden.

 

Evidence in the trial showed that ENS attached a PDF letter to an email addressed to Hawarden, containing its bank account details. However, the email was intercepted by criminals and bank details were changed before it reached Harwarden. Harwarden then paid R5.5 million into what she believed to be ENS’s bank account, which in fact was a separate account controlled by criminals.  

 

Mark Heyink, an attorney at Michalsons, who provided expert evidence at the trial explains: “The basis of the court’s judgement is that ENS owed a general duty of care to Harwarden. ENS was aware of the risk of Business Email Compromise and was in the best position to prevent the loss. The court found ENS information security was deficient and its staff poorly trained. ENS relied on the defence that the use of email and PDFs was a common practice by conveyancers, however, the court found that this did not excuse ENS from its duty of care to Harwarden.”

 

Conveyancing firms, their clients, and other organisations handling many large non-recurring type transactions are particularly vulnerable to BEC fraud. “All too aware of large deposits made to and from conveyancing firms, criminals target and intercept email accounts and scam victims into making payments into the incorrect account,” says Mer.  

 

Mer adds that with strong case precedence for South African firms being liable for payments that do not reach the intended account as a result of fraudulent interference, organisations need to handle email correspondence containing bank details and personal information with care. “Most threats can be avoided with the correct operational and financial controls as well as server, IT, and email monitoring processes. It’s important to acknowledge the fact that employee email accounts are gateways to sensitive information and attacks, and organisations should therefore enforce policies restricting what information can be kept in email inboxes prior to secure archiving. To help minimise the risk of BEC attacks, firms should re-evaluate their manual email-based processes and consider software solutions to digitise, automate and safeguard these processes, as well as the financial controls in place when it comes to payments by considering the use of independent real-time verification systems that cross-reference payments an organisation is about to release with independently verified bank account details,” he says.  

 

Business Email Compromise is a significant threat to any organisation and its clients. In circumstances where organisations are unable to meet their financial obligations as a result of a BEC attack, third parties may seek compensation for disrupted business operations and other losses. Heyink says that the Protection of Personal Information Act requires businesses to safeguard personal information appropriately. “While the ENS case relates to a conveyancing transaction, the principle applies to all businesses. If a business processes or communicates personal or sensitive business information, it must safeguard the information appropriately,” notes Heyink.  

 

Ends.