In The Spotlight
GITEX GLOBAL 2024 showcases cutting-edge cybersecurity innovations and solutions as industry leaders unite to combat rising threats. (Image source: Adobe Stock)
After an action-packed two days at GITEX GLOBAL 2024, Wednesday showcased an incredible program focused on current and future cybersecurity landscapes, featuring insights from leading experts
Running from October 14-18 at the Dubai World Trade Centre (DWTC), GITEX GLOBAL is the largest tech event in the world, celebrating its record-breaking 44th edition in 2024 with over 6,500 exhibitors, 1,800 startups, 1,200 investors, and government representatives from more than 180 countries.
As the biggest international edition of GITEX GLOBAL reached its midpoint, “Cybersecurity Day” dominated the Wednesday agenda. The event featured a series of keynote speeches, fireside chats, and panels addressing urgent challenges, emerging threats, and innovative solutions for individuals, businesses, industries, and nations globally.
Addressing the cybercrime challenge
With global cybercrime damages projected to hit $10.5 trillion annually by 2025, the tech community is united in its mission to create a stronger defense. This resolve was evident at GITEX GLOBAL as top CISOs, CIOs, and GRC leaders gathered to discuss strategies for establishing a formidable global defense.
In 2024, AI-driven fraud in the finance sector has surged by 40%, presenting unprecedented challenges. One highlight of Wednesday was the conference session titled “AI-Driven Digital Fraud: Safeguarding the Finance Industry’s Future,” which explored how emerging technologies are being leveraged to combat this evolving threat.
Dr Mohamed Al Kuwaiti, head of cybersecurity for the UAE Government, shared insights on the impressive threat mitigation efforts in the UAE, having neutralised millions of attacks this year alone. He emphasised AI’s transformative role in cybersecurity, stating to the GITEX Tech Waves Podcast: “Cyber awareness is crucial – and AI is changing the game. The UAE is a financial hub that faced 71 million attacks in Q1 2024. We are resilient and thwarted these with early threat detection through AI. It’s a hugely beneficial technology alongside our great partnerships with the world.”
Todd Conklin, chief AI officer & deputy assistant secretary, cybersecurity & critical infrastructure protection at the US Department of the Treasury, echoed similar sentiments about AI’s benefits. He remarked, “The US Treasury runs the largest payments ecosystem in the entire world. We’ve leveraged AI models to reduce fraud by almost US$600mn in the last six months. It’s becoming increasingly critical in the counter-fraud space.”
Exploring new opportunities
With 88% of exhibiting startups making their GITEX GLOBAL debut and over 230 new partnerships formed between various entities, the event continues to serve as a catalyst for global collaboration. By Wednesday, more than 13,000 pre-arranged meetings had already taken place, with many more expected as companies unveil transformative solutions.
Huawei highlighted its critical infrastructure and cloud tech solutions, with Dr Aloysius Cheang, chief security officer for the Middle East & Central Asia at Huawei, noting that the company faces an average of 12 billion cyberattacks daily. He urged organizations to adopt a cybersecurity culture centered on security and privacy.
Kaspersky showcased its innovative Cyber Immunity approach and advanced threat intelligence solutions, while Fortinet presented products from its cybersecurity platform portfolio. Solutions by stc introduced visitors to emerging technologies that add value for customers.
Day three of GITEX GLOBAL 2024 also featured exciting activations and conferences at GITEX Cyber Valley, the premier cybersecurity exhibition hosted by the UAE Cyber Security Council. A highlight session featured Brett Johnson, a former cybercriminal turned expert, who shared insights during “Scamming the Scammer: Inside the Mind of a Cybercriminal.” Live Hacks showcased ethical hackers performing AI-powered hacks, while Santiago Lopez, the world's first million-dollar hacker, provided guidance on turning hacking skills into a profitable career in another engaging session.
Looking Ahead
GITEX GLOBAL 2024 continues Thursday with “Data Centres Universe,” bringing together thought leaders to discuss the future of data management and infrastructure. Sessions will explore the latest data technologies and sustainable energy solutions, emphasising data centres' crucial role in supporting the rapid growth of digital services.
Nigerian government signs MoU with Ericsson for 5G tech development, aiming to drive digital growth and innovation in Nigeria. (Image source: Adobe Stock)
The Nigerian Government has entered into a partnership with Ericsson to explore the potential of 5G connectivity within the country.
A memorandum of understanding (MoU) was signed during an October 18 visit by a Nigerian government delegation to Ericsson’s global headquarters in Sweden, led by vice-president Kashim Shettima.
This MoU aims to establish a cooperative framework between the Nigerian Government and Ericsson Nigeria, focusing on the development, deployment, and innovation of 5G technology. As Africa’s most populous nation, Nigeria represents over 15%of the continent’s population.
Nigerian Innovation
The partnership’s key objectives include supporting Nigeria’s digital transformation goals, driving economic growth, and enhancing public services using advanced, secure 5G technology. Additionally, the collaboration aims to foster knowledge exchange, build capacity within the tech sector, support the creation of innovation hubs and tech incubators, and improve digital literacy and skills development across Nigeria.
"It was an honor to show the Vice President, and his delegation colleagues, Ericsson’s leadership in 5G and technology capabilities at first-hand. We look forward to working in close partnership with the Nigerian government to develop the innovation potential of 5G for Nigerian businesses, citizens and for national digital competitiveness," said Patrick Johansson, president, Market Area Middle East and Africa.
Ericsson has had a presence in Nigeria since 1978, supporting network deployments, including the launch of the nation’s first GSM network in 2001.
Intelsat launches satellite cellular backhaul in Lagos, enhancing connectivity for MNOs and ISPs in Nigeria and West Africa. (Image source: Adobe Stock)
Intelsat, recognised as one of the world’s leading operators of integrated satellite and terrestrial networks, has launched a new satellite cellular backhaul service platform at the Open Access Datacenter (WIOCC) in Lagos, Nigeria
This initiative represents a significant advancement in enhancing connectivity infrastructure throughout Nigeria and Africa.
Despite some progress, Sub-Saharan Africa continues to face substantial gaps in usage and coverage, with figures standing at 59% and 15%, respectively. Nearly half of the 400 million individuals lacking mobile broadband coverage globally reside in this region. A major hurdle in bridging this divide, particularly in rural areas, is the high costs and slow implementation of traditional infrastructure expansion methods, which often discourage investment due to low returns.
The Intelsat CellBackhaul Nigeria service offers a fully managed cellular backhaul solution, aimed at assisting mobile network operators (MNOs) and internet service providers (ISPs) in Nigeria and West Africa. This service will help address the challenges of expanding mobile coverage in the area, facilitating swift and economical network growth through Intelsat’s satellite and terrestrial infrastructure. The new solution for Nigeria will complement existing platforms in several other African nations, reaching millions across thousands of cell towers.
“This is a great day for Intelsat, Nigeria and West Africa, bringing new capabilities and solutions to the market. Satellite technology is critical to closing the digital divide. To connect unconnected populations in rural and remote locations, satellite backhaul is often the most viable option for a rapid, reliable, cost-effective connectivity solution,” said Rhys Morgan, RVP, EMEA, Intelsat.
Safaricom partners with Cloudflare and Copycat to deliver affordable, comprehensive cybersecurity solutions for Kenyan MSMEs. (Image source: Adobe Stock)
Safaricom has forged a strategic partnership with Cloudflare, a global web infrastructure and cybersecurity provider, and Copycat, a leading systems integrator in East Africa
This collaboration aims to significantly reduce the costs of integrated cybersecurity services for micro, small, and medium enterprises (MSMEs).
The partnership seeks to provide a comprehensive digital security stack for Kenyan businesses, reinforcing Safaricom’s commitment to driving innovation and offering a one-stop shop for customers’ connectivity and technology needs. The new affordable plans enable access to world-class cybersecurity solutions for businesses of all sizes. These services would otherwise cost five to ten times more for the same capabilities and eliminate the complexity of juggling multiple solutions across various vendors—a barrier for many MSMEs.
Securing Kenya’s digital future
Reflecting on the significance of this collaboration, Safaricom’s chief enterprise business officer, Cynthia Kropac, noted that as the first managed services provider for Cloudflare solutions in all of Africa, MSMEs will have access to comprehensive cybersecurity solutions, from basic protection to advanced tools from a well-regarded global brand with ready-to-use cyber protection services that don’t require complex infrastructure or expensive professional services.
“At the heart of this collaboration is not just technology, but affordability and accessibility. By leveraging Cloudflare’s solutions, such as zero trust services and email security hosted locally in data centers within Kenya, we are investing in a futureproof infrastructure that provides every customer with robust and advanced protection from cyber threats. Businesses can subscribe to the cloudbased cybersecurity plans of their choice online and get access to full stack application and network security solutions from KES 5,000 per site per month and operational in hours,” Kropac explained.
Cloudflare’s demonstrated ability to deliver reliable services, with over 248TB processing capacity, 30 times more than any other provider in the market, underscores the scale and capacity of this offering.
“This groundbreaking move is poised to redefine the Kenyan cybersecurity landscape and reinforce Safaricom’s commitment to safeguarding enterprises. We are empowering Kenyan businesses to thrive in the digital age,” Kropac added.
Graham Turnbull, Managing Executive at Cloudflare, emphasised, “The partnership with Safaricom is bringing comprehensive and effective digital security solutions closer to business owners, enabling them to focus on optimizing productivity and service, with software that guarantees progress.”
As the first Cloudflare Managed Services Partner in Africa, this partnership not only highlights Safaricom’s dedication to fostering digital transformation and resilience among MSMEs but also positions Safaricom as a key player in empowering Kenyan businesses. By fortifying their digital security and fostering sustainable growth, Safaricom is contributing significantly to the rapidly evolving digital economy. This initiative is a testament to Safaricom’s unwavering commitment to supporting the growth and sustainability of MSMEs in the digital age.
Guided by a vision where digital security, productivity, and innovation converge seamlessly, Safaricom’s alliance with Cloudflare paves the way for Kenyan businesses to not only survive but thrive in the digital age. This collaboration fortifies MSMEs with robust cybersecurity and equips them with tools to amplify their impact on the global stage.
This partnership also combines Copycat’s deep expertise in technologies and systems integration with Safaricom’s unmatched reach in digital services. Vishal Patel, managing director at Copycat, remarked, “As organisations increasingly depend on secure and highperformance digital platforms, our joint offering will ensure that businesses of all sizes benefit from enterprisegrade protection, enabling them to scale confidently with secure, fast, and reliable digital infrastructure. Together with Safaricom, we are proud to launch this service and look forward to supporting businesses across the region as they embrace the digital future.”
Tantum IT boosts operations and client satisfaction with Paratus South Africa’s Eutelsat OneWeb LEO satellite solution. (Image source: Adobe Stock)
Tantum IT, a prominent IT service provider, focuses on remote IT management, cloud services, and secure data handling, particularly for clients in remote and high-demand settings
To ensure the reliability of these services, stable and robust internet connectivity is essential. To address connectivity challenges, Tantum IT partnered with Paratus South Africa, an official distributor of Eutelsat OneWeb’s Low Earth Orbit (LEO) services in the country. This technology proved ideal for Tantum IT, offering high-speed and stable connections that outperformed long-range Wi-Fi and conventional satellite links.
Before implementing Paratus South Africa’s Eutelsat OneWeb solution, Tantum IT faced significant operational disruptions, especially when clients experienced issues with Remote Desktop Protocol (RDP) sessions, IPsec tunnels for shared drive access, and other business tools. Tasks like uploading high-resolution images and using shared drives were slow and inefficient.
Boosting connectivity effortlessly
Paratus South Africa’s LEO service transformed Tantum IT’s operations, improving both efficiency and client satisfaction.
Integrating the Eutelsat OneWeb service with Tantum IT’s existing infrastructure was seamless. Paratus South Africa provided a DHCP range outside of the existing network, making the connection to Tantum IT’s Fortigate Firewall straightforward. Tantum IT’s team managed the configuration internally, while Paratus South Africa’s proactive support ensured a smooth deployment, quickly addressing any challenges.
The deployment of Paratus’s LEO solution led to notable enhancements in connectivity, speed, and reliability. At Doornkop, users accessed shared drives effortlessly, completed tasks swiftly, and maintained stable VPN connections. Tests demonstrated additional advantages, including smooth email server operations, effective use of the Oracle Finance system, and reliable video conferencing. Users experienced uninterrupted sessions, and tasks like photo uploads and content streaming became faster.
Kallie Carlsen, managing director of Paratus South Africa, commented, “For businesses and industries operating in remote areas, traditional connectivity solutions often fall short in providing the reliability and speed needed for daily operations. LEO satellite technology is uniquely positioned to overcome these challenges by delivering high-speed, low-latency internet access. At Paratus South Africa, we specialise in providing tailored satellite solutions that ensure our clients, like Tantum IT, can operate efficiently and without disruption, no matter where they are located. Our partnership with Eutelsat OneWeb allows us to offer a robust connectivity solution that meets the demands of even the most challenging environments.”
Tantum IT’s collaboration with Paratus South Africa has been a success. Installations were completed professionally and on time, with swift resolution of any issues. The high level of support and service from Paratus South Africa reaffirmed Tantum IT’s decision to maintain the partnership.
Bossie Matthyser, resort manager at Doornkop, shared,“Since the installation of the LEO solution at Doornkop, latency has dropped from 1000ms to 100ms, and both upload and download speeds have improved dramatically. Saving 16 high-resolution photos to our shared folder now takes just 45 seconds instead of seven minutes per photo. Communication on Signal and WhatsApp has also improved significantly. I can’t fault the service and the solution that Paratus South Africa has given us – it’s shifted our business into another and higher gear.”
Looking ahead, Tantum IT plans to leverage Paratus's support to fuel its growth and expand its service offerings. As new opportunities and challenges emerge, especially in remote regions, Tantum IT intends to continue working with Paratus to explore LEO and other connectivity solutions. This ongoing partnership is vital for maintaining Tantum IT’s reputation for delivering dependable, high-quality IT services.
Mukuru launches its digital wallet in Malawi, offering secure, seamless money transfers and boosting financial inclusion across the country. (Image source: Adobe Stock)
Mukuru, a leading global financial services platform known for its advanced fintech solutions, has introduced the Mukuru Wallet in Malawi
This launch aligns with Mukuru's strong dedication to the Malawian market and addresses the rising demand for digital value storage among cash-reliant citizens who trust the Mukuru brand
The Mukuru Wallet aims to meet the increasing need for a convenient, secure, and efficient way to manage finances and facilitate money transfers. It allows users to send and receive funds both domestically and internationally, as well as store, save, and earn interest on their balances.
Mobile wallets are becoming an essential tool across Africa, offering a reliable solution for underserved and unbanked populations to access financial services. In Malawi, the Mukuru Wallet provides an alternative way to access formal banking services in both urban and rural areas.
The Reserve Bank of Malawi's (RBM) National Payment Systems report for December 2022 highlighted a 14.1% rise in mobile money users, reaching 12.2 million from 10.7 million in 2021. Pride Chiwaya, Mukuru’s country manager for Malawi, noted that this growing demand prompted the launch of the wallet.
“Mukuru is committed to driving financial inclusion, and this wallet, in response to the growing demand for money transfers, builds on the trust we have established through our growing orange booth and branch network. In addition to this, we are becoming a preferred partner for businesses and organisations in Malawi that are increasingly seeking innovative, secure and efficient payment solutions. Our mission is to equip these institutions with reliable financial tools using our extensive network,” Chiwaya stated.
The Mukuru Wallet is tailored specifically for the Malawian market and includes two features called “Nyanja” and “Moyo.” The “Nyanja” pocket handles domestic transfers and deposits, while the “Moyo” pocket is dedicated to receiving international money transfers. A notable advantage for users is the absence of withdrawal fees from the Moyo pocket.
Mike Cook, Mukuru's head of wallet and card, added, “In addition to this, customers earn interest on the funds in their wallet on a quarterly basis,” emphasising that this encourages users to embrace digital money, thereby advancing their journey toward financial inclusion.
Cook further explained that customers, who traditionally withdraw international transfers to cover their expenses, will now receive these funds directly into their Mukuru Wallet, ensuring a smoother and more convenient process. This digital solution not only provides a safe and secure way to store money but also allows users to pay bills directly from the wallet, reducing the risks of carrying large sums of cash. As Cook stated, “Essentially, this is what financial inclusion is – providing people with the platform to be included in the mainstream economy.”
The Mukuru Wallet launch is a crucial part of Mukuru’s broader strategy to become a leading payment platform, helping emerging consumers transition from cash to digital solutions. "Importantly, it's a critical component in the business’ drive towards digital transformation in Malawi, which involves modernising financial services, enhancing user experience, and promoting financial inclusion.
These efforts collectively contribute to a more digital, efficient, and inclusive financial ecosystem in Malawi, and Mukuru takes pride in being a part of this,” said Cook.
Nokia research highlights rapid 5G adoption in MEA, with CSPs driving digital transformation and significant growth in 5G subscriptions by 2029. (Image source: Adobe Stock)
Nokia's research indicates that 60% of Communications Service Providers (CSPs) in the Middle East and Africa (MEA) are turning to 5G to boost their digital transformation efforts
While 4G subscriptions are expected to level off by 2027, the uptake of 5G is poised for a substantial increase, marking a significant technological shift in the region.
According to Nokia's 2024 Mobile Broadband Index Report, the region's adoption of 5G is accelerating rapidly, with projections showing 5G subscriptions reaching 519 million by 2029. By then, 5G is expected to account for 48% of the region’s total data traffic.
How will 5G transform?
5G is set to play a vital role in shaping the future of connectivity across the MEA region. By 2029, approximately 23% of all mobile subscriptions in the region will be 5G. This growth is particularly pronounced in the Gulf Cooperation Council (GCC) area, where 5G is expected to comprise 90% of mobile subscriptions by 2029, driven by strong government investment in 5G infrastructure and support for advanced connectivity technologies.
The proliferation of 5G is not only increasing subscription numbers but also reshaping the data traffic landscape in the MEA region. By 2029, 5G and 4G networks are projected to account for more than 90% of the total data traffic, with the GCC region expected to see 90% of its data traffic handled through 5G networks alone.
Additionally, the adoption of Fixed Wireless Access (FWA) using 5G is on the rise, projected to grow from 11% in 2022 to 38% by 2029. This growth is largely attributed to the demand for higher internet speeds and reduced latency, especially in remote or underserved areas.
Nigerian government signs MoU with Ericsson for 5G tech development, aiming to drive digital growth and innovation in Nigeria. (Image source: Adobe Stock)
The Nigerian Government has entered into a partnership with Ericsson to explore the potential of 5G connectivity within the country.
A memorandum of understanding (MoU) was signed during an October 18 visit by a Nigerian government delegation to Ericsson’s global headquarters in Sweden, led by vice-president Kashim Shettima.
This MoU aims to establish a cooperative framework between the Nigerian Government and Ericsson Nigeria, focusing on the development, deployment, and innovation of 5G technology. As Africa’s most populous nation, Nigeria represents over 15%of the continent’s population.
Nigerian Innovation
The partnership’s key objectives include supporting Nigeria’s digital transformation goals, driving economic growth, and enhancing public services using advanced, secure 5G technology. Additionally, the collaboration aims to foster knowledge exchange, build capacity within the tech sector, support the creation of innovation hubs and tech incubators, and improve digital literacy and skills development across Nigeria.
"It was an honor to show the Vice President, and his delegation colleagues, Ericsson’s leadership in 5G and technology capabilities at first-hand. We look forward to working in close partnership with the Nigerian government to develop the innovation potential of 5G for Nigerian businesses, citizens and for national digital competitiveness," said Patrick Johansson, president, Market Area Middle East and Africa.
Ericsson has had a presence in Nigeria since 1978, supporting network deployments, including the launch of the nation’s first GSM network in 2001.
Tantum IT boosts operations and client satisfaction with Paratus South Africa’s Eutelsat OneWeb LEO satellite solution. (Image source: Adobe Stock)
Nokia research highlights rapid 5G adoption in MEA, with CSPs driving digital transformation and significant growth in 5G subscriptions by 2029. (Image source: Adobe Stock)
Old Mutual Connect launches as a new MVNO on Cell C, enhancing mobile accessibility for South Africa's lower-income market. (Image source: Adobe Stock)
Old Mutual, a South African insurance giant, has introduced a Mobile Virtual Network Operator (MVNO) called Old Mutual Connect on Cell C's platform, coinciding with a surge in the MVNO sector
Clarence Nethengwe, the CEO designate of OM Bank, highlighted that this service is part of the company's Integrated Financial Services (IFS) strategy, aimed at offering tangible value-added services to its customers.
The new service aims to deliver competitive mobile options, targeting improved connectivity for the lower-income market. Nethengwe emphasised the importance of affordable data, stating, “Affordable data and reliable connectivity is critical for our customers in the mass market to fully participate in the mainstream economy. It is also an important enabler for our customers to interact with the rest of our propositions digitally.”
Operating on Cell C’s network, Old Mutual Connect will utilise a multi-operator core network agreement to ensure reliable, high-speed mobile services. This network benefits from existing partnerships with Vodacom and MTN, offering a broad coverage footprint.
Customers can obtain a SIM card for R5 (US$0.29) at any Old Mutual branch, with options to purchase data and airtime available through branches, partners, and digital channels.
In September 2024, Old Mutual announced plans to launch a bank by the first quarter of 2025, with regulatory approval from the Prudential Authority confirming the readiness of its systems. Clarence Nethengwe is set to take on the role of CEO-designate of the bank, effective November 1.
MVNO market growth
South Africa's MVNO market has seen substantial growth recently, with several new players entering over the past five years. MVNOs, which provide cellular services without owning network infrastructure, buy wholesale access from mobile network operators to serve their subscribers. By December 2023, the market had over 4.3 million MVNO SIMs, reflecting a 51% annual growth rate.
The market is projected to expand further, potentially reaching 10 million SIMs by December 2028. The anticipated entry of major retail brands could accelerate growth, possibly driving the total to 13.5 million SIMs. Old Mutual Connect joins other prominent operators like Capitec Connect, South Africa's largest MVNO with over one million active SIMs, and FNB Connect, which had 879,000 active SIMs in 2022 and aims to reach one million soon.
PalmPay launches USSD code in Nigeria, enabling millions to access financial services without internet, enhancing financial inclusion. (Image source: Palmpay)
Vivek Badrinath is the new director general of the GSMA. (Image source: The GSMA)
Intelsat launches satellite cellular backhaul in Lagos, enhancing connectivity for MNOs and ISPs in Nigeria and West Africa. (Image source: Adobe Stock)
Intelsat, recognised as one of the world’s leading operators of integrated satellite and terrestrial networks, has launched a new satellite cellular backhaul service platform at the Open Access Datacenter (WIOCC) in Lagos, Nigeria
This initiative represents a significant advancement in enhancing connectivity infrastructure throughout Nigeria and Africa.
Despite some progress, Sub-Saharan Africa continues to face substantial gaps in usage and coverage, with figures standing at 59% and 15%, respectively. Nearly half of the 400 million individuals lacking mobile broadband coverage globally reside in this region. A major hurdle in bridging this divide, particularly in rural areas, is the high costs and slow implementation of traditional infrastructure expansion methods, which often discourage investment due to low returns.
The Intelsat CellBackhaul Nigeria service offers a fully managed cellular backhaul solution, aimed at assisting mobile network operators (MNOs) and internet service providers (ISPs) in Nigeria and West Africa. This service will help address the challenges of expanding mobile coverage in the area, facilitating swift and economical network growth through Intelsat’s satellite and terrestrial infrastructure. The new solution for Nigeria will complement existing platforms in several other African nations, reaching millions across thousands of cell towers.
“This is a great day for Intelsat, Nigeria and West Africa, bringing new capabilities and solutions to the market. Satellite technology is critical to closing the digital divide. To connect unconnected populations in rural and remote locations, satellite backhaul is often the most viable option for a rapid, reliable, cost-effective connectivity solution,” said Rhys Morgan, RVP, EMEA, Intelsat.
Eutelsat OneWeb trains local partners in Africa to accelerate the rollout of its LEO satellite network, boosting high-speed internet access. (Image source: Adobe Stock)
Vodafone and Intelsat partner to deliver expanded satellite connectivity for enterprises, governments, and charities in remote and disaster-affected areas. (Image source: Adobe Stock)
Mukuru launches its digital wallet in Malawi, offering secure, seamless money transfers and boosting financial inclusion across the country. (Image source: Adobe Stock)
Mukuru, a leading global financial services platform known for its advanced fintech solutions, has introduced the Mukuru Wallet in Malawi
This launch aligns with Mukuru's strong dedication to the Malawian market and addresses the rising demand for digital value storage among cash-reliant citizens who trust the Mukuru brand
The Mukuru Wallet aims to meet the increasing need for a convenient, secure, and efficient way to manage finances and facilitate money transfers. It allows users to send and receive funds both domestically and internationally, as well as store, save, and earn interest on their balances.
Mobile wallets are becoming an essential tool across Africa, offering a reliable solution for underserved and unbanked populations to access financial services. In Malawi, the Mukuru Wallet provides an alternative way to access formal banking services in both urban and rural areas.
The Reserve Bank of Malawi's (RBM) National Payment Systems report for December 2022 highlighted a 14.1% rise in mobile money users, reaching 12.2 million from 10.7 million in 2021. Pride Chiwaya, Mukuru’s country manager for Malawi, noted that this growing demand prompted the launch of the wallet.
“Mukuru is committed to driving financial inclusion, and this wallet, in response to the growing demand for money transfers, builds on the trust we have established through our growing orange booth and branch network. In addition to this, we are becoming a preferred partner for businesses and organisations in Malawi that are increasingly seeking innovative, secure and efficient payment solutions. Our mission is to equip these institutions with reliable financial tools using our extensive network,” Chiwaya stated.
The Mukuru Wallet is tailored specifically for the Malawian market and includes two features called “Nyanja” and “Moyo.” The “Nyanja” pocket handles domestic transfers and deposits, while the “Moyo” pocket is dedicated to receiving international money transfers. A notable advantage for users is the absence of withdrawal fees from the Moyo pocket.
Mike Cook, Mukuru's head of wallet and card, added, “In addition to this, customers earn interest on the funds in their wallet on a quarterly basis,” emphasising that this encourages users to embrace digital money, thereby advancing their journey toward financial inclusion.
Cook further explained that customers, who traditionally withdraw international transfers to cover their expenses, will now receive these funds directly into their Mukuru Wallet, ensuring a smoother and more convenient process. This digital solution not only provides a safe and secure way to store money but also allows users to pay bills directly from the wallet, reducing the risks of carrying large sums of cash. As Cook stated, “Essentially, this is what financial inclusion is – providing people with the platform to be included in the mainstream economy.”
The Mukuru Wallet launch is a crucial part of Mukuru’s broader strategy to become a leading payment platform, helping emerging consumers transition from cash to digital solutions. "Importantly, it's a critical component in the business’ drive towards digital transformation in Malawi, which involves modernising financial services, enhancing user experience, and promoting financial inclusion.
These efforts collectively contribute to a more digital, efficient, and inclusive financial ecosystem in Malawi, and Mukuru takes pride in being a part of this,” said Cook.
Safaricom launches M-PESA Ratiba, allowing users to set standing orders for recurring payments directly from their mobile wallets. (Image source: Adobe Stock)
Kazang Pay launches in Zambia, allowing merchants to accept card payments on existing terminals, boosting financial inclusion and business growth. (Image source: Kazang)
Huawei supports African TowerCos with sustainable energy solutions and diversification strategies for telecom infrastructure. (Image source: Adobe Stock)
Huawei, a global leader in ICT infrastructure and smart devices, has announced its commitment to assisting Tower Companies (TowerCos) in Africa in diversifying their energy sources and adopting sustainable energy practices for powering telecom infrastructure
This initiative aims to help TowerCos reduce their carbon emissions, improve operational efficiency, and explore new business opportunities.
During his speech, "Lighting Up the Road to Multiple Business Future for TowerCos," delivered at the TowerXchange Meetup Africa 2024 in Nairobi, Li Shaolong, president of site power facility domain at Huawei Digital Power, noted that Africa is accelerating the development of ICT infrastructure. TowerCos, as key players in this process, are facing new challenges and opportunities.
“As mobile connectivity demand rises, TowerCos are under increasing pressure to ensure energy reliability and sustainability, especially in areas with limited grid access. Tower sites, often in remote locations, depend heavily on diesel generators, which are costly, environmentally harmful, and vulnerable to fuel supply issues. Huawei’s energy solutions address these challenges by incorporating renewable energy technologies like solar power and advanced energy storage systems,” Li explained.
He emphasised Huawei's long-term commitment to helping Africa's TowerCos transition to greener energy solutions, leveraging the integration of digital and power electronics technologies. Huawei Site Power Facility aims to provide TowerCos with comprehensive energy infrastructure and intelligent operations and maintenance (O&M) solutions.
A path to diversification
In addition to energy sustainability, Huawei is supporting TowerCos in their efforts to diversify by helping them explore new business models and revenue streams.
“This will drive TowerCos to become energy producers through innovative solutions and business models, leading to diversified business development, revenue growth, and sustained success in energy operations,” Li said.
He highlighted that with Huawei's eMIMO smart power solution, TowerCos can centrally manage multiple energy inputs—such as grid power, photovoltaics (PV), and energy storage—and multiple outputs ranging from 12V to 220V devices through a single platform.
“In this way, revenue-generating services like environmental protection and emergency response can be developed alongside communications services,” he said.
Li further stated that Huawei Site Power Facility Domain's main goals are to support network evolution, increase tenancy ratios, help TowerCos reduce energy costs while achieving green development, improve power availability, and reduce site O&M costs.
“Huawei will continue collaborating with TowerCos to innovate and advance energy infrastructure towards a 'green, simple, and intelligent' future, accelerating the growth of African carrier networks and contributing to a digital Africa,” Li added.
Africa Data Centres & DPA SA pioneer solar farm for sustainable data solutions in South Africa. (Image source: African Data Centres)
Airtel Africa launches Nxtra Data Center in Lagos, advancing data sovereignty and connectivity for businesses, governments, and large corporations across Africa. (Image source: Airtel Africa)
GITEX GLOBAL 2024 showcases cutting-edge cybersecurity innovations and solutions as industry leaders unite to combat rising threats. (Image source: Adobe Stock)
After an action-packed two days at GITEX GLOBAL 2024, Wednesday showcased an incredible program focused on current and future cybersecurity landscapes, featuring insights from leading experts
Running from October 14-18 at the Dubai World Trade Centre (DWTC), GITEX GLOBAL is the largest tech event in the world, celebrating its record-breaking 44th edition in 2024 with over 6,500 exhibitors, 1,800 startups, 1,200 investors, and government representatives from more than 180 countries.
As the biggest international edition of GITEX GLOBAL reached its midpoint, “Cybersecurity Day” dominated the Wednesday agenda. The event featured a series of keynote speeches, fireside chats, and panels addressing urgent challenges, emerging threats, and innovative solutions for individuals, businesses, industries, and nations globally.
Addressing the cybercrime challenge
With global cybercrime damages projected to hit $10.5 trillion annually by 2025, the tech community is united in its mission to create a stronger defense. This resolve was evident at GITEX GLOBAL as top CISOs, CIOs, and GRC leaders gathered to discuss strategies for establishing a formidable global defense.
In 2024, AI-driven fraud in the finance sector has surged by 40%, presenting unprecedented challenges. One highlight of Wednesday was the conference session titled “AI-Driven Digital Fraud: Safeguarding the Finance Industry’s Future,” which explored how emerging technologies are being leveraged to combat this evolving threat.
Dr Mohamed Al Kuwaiti, head of cybersecurity for the UAE Government, shared insights on the impressive threat mitigation efforts in the UAE, having neutralised millions of attacks this year alone. He emphasised AI’s transformative role in cybersecurity, stating to the GITEX Tech Waves Podcast: “Cyber awareness is crucial – and AI is changing the game. The UAE is a financial hub that faced 71 million attacks in Q1 2024. We are resilient and thwarted these with early threat detection through AI. It’s a hugely beneficial technology alongside our great partnerships with the world.”
Todd Conklin, chief AI officer & deputy assistant secretary, cybersecurity & critical infrastructure protection at the US Department of the Treasury, echoed similar sentiments about AI’s benefits. He remarked, “The US Treasury runs the largest payments ecosystem in the entire world. We’ve leveraged AI models to reduce fraud by almost US$600mn in the last six months. It’s becoming increasingly critical in the counter-fraud space.”
Exploring new opportunities
With 88% of exhibiting startups making their GITEX GLOBAL debut and over 230 new partnerships formed between various entities, the event continues to serve as a catalyst for global collaboration. By Wednesday, more than 13,000 pre-arranged meetings had already taken place, with many more expected as companies unveil transformative solutions.
Huawei highlighted its critical infrastructure and cloud tech solutions, with Dr Aloysius Cheang, chief security officer for the Middle East & Central Asia at Huawei, noting that the company faces an average of 12 billion cyberattacks daily. He urged organizations to adopt a cybersecurity culture centered on security and privacy.
Kaspersky showcased its innovative Cyber Immunity approach and advanced threat intelligence solutions, while Fortinet presented products from its cybersecurity platform portfolio. Solutions by stc introduced visitors to emerging technologies that add value for customers.
Day three of GITEX GLOBAL 2024 also featured exciting activations and conferences at GITEX Cyber Valley, the premier cybersecurity exhibition hosted by the UAE Cyber Security Council. A highlight session featured Brett Johnson, a former cybercriminal turned expert, who shared insights during “Scamming the Scammer: Inside the Mind of a Cybercriminal.” Live Hacks showcased ethical hackers performing AI-powered hacks, while Santiago Lopez, the world's first million-dollar hacker, provided guidance on turning hacking skills into a profitable career in another engaging session.
Looking Ahead
GITEX GLOBAL 2024 continues Thursday with “Data Centres Universe,” bringing together thought leaders to discuss the future of data management and infrastructure. Sessions will explore the latest data technologies and sustainable energy solutions, emphasising data centres' crucial role in supporting the rapid growth of digital services.
Safaricom partners with Cloudflare and Copycat to deliver affordable, comprehensive cybersecurity solutions for Kenyan MSMEs. (Image source: Adobe Stock)
Datacentrix reaffirms its leadership in data security by retaining Elite Partner status with Rubrik, driving cyber resilience across Africa. (Image source: Adobe Stock)
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Angola Cables Network traffic climbs to record peak. (Image source: Angola Cables)
For Ghanaian customers, this license means more efficient and secure money transfers across the country. (Image source: Adobe Stock)
The introduction of Network One in Nigeria aligns with the Central Bank of Nigeria’s directive for in-country transaction routing, boosting local processing capabilities. (Image source: Adobe Stock)
OADC Texaf Digital - Kinshasa, a 2MW open-access, Tier-III data centre, boosts DRC's digital ecosystem with carrier-neutral, sustainable infrastructure. (Image source: Open Access Data Centres)
Eutelsat Group has a fleet of 35 GEO satellites and a constellation of more than 600 LEO satellites. (Image source: OneWeb)
Siemon's new LightStack and LightStack 8 offer cutting-edge ultra-high-density fibre solutions for data centers and enterprise networks, available globally. (Image source: Siemon)
Qualcomm empowers African tech startups with mentorship. (Image source: Adobe Stock)
The development will enable mobile service providers to deliver 5G services to their subscribers. (Image source: Adobe Stock)
Siemon’s new guide helps data centre professionals design robust AI-ready network infrastructure, addressing the unique demands of ML and generative AI. (Image source: Siemon)
Intelsat and Eutelsat expand collaboration on OneWeb LEO constellation, shaping future of global connectivity solutions. (Image source: Intelsat)
Yellow Card partners with Fireblocks to enhance cross-border transactions in Africa, securing assets with Wallets-as-a-Service (WaaS) at scale. (Image source: Adobe Stock)
Airtel Africa launches Nxtra Data Center in Lagos, advancing data sovereignty and connectivity for businesses, governments, and large corporations across Africa. (Image source: Airtel Africa)
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GITEX GLOBAL 2024 showcases cutting-edge cybersecurity innovations and solutions as industry leaders unite to combat rising threats. (Image source: Adobe Stock)
Nigerian government signs MoU with Ericsson for 5G tech development, aiming to drive digital growth and innovation in Nigeria. (Image source: Adobe Stock)
Intelsat launches satellite cellular backhaul in Lagos, enhancing connectivity for MNOs and ISPs in Nigeria and West Africa. (Image source: Adobe Stock)
Safaricom partners with Cloudflare and Copycat to deliver affordable, comprehensive cybersecurity solutions for Kenyan MSMEs. (Image source: Adobe Stock)
Tantum IT boosts operations and client satisfaction with Paratus South Africa’s Eutelsat OneWeb LEO satellite solution. (Image source: Adobe Stock)
Mukuru launches its digital wallet in Malawi, offering secure, seamless money transfers and boosting financial inclusion across the country. (Image source: Adobe Stock)
Nokia research highlights rapid 5G adoption in MEA, with CSPs driving digital transformation and significant growth in 5G subscriptions by 2029. (Image source: Adobe Stock)
Safaricom extends M-PESA Global to Ethiopia, enabling seamless mobile money transfers between Kenya and Ethiopia to boost regional economies. (Image source: Adobe Stock)
Sofibanque enhances IT systems through colocation at OADC Texaf, boosting service delivery in DRC's digital landscape. (Image source: Open Access Data Centres)
Datacentrix reaffirms its leadership in data security by retaining Elite Partner status with Rubrik, driving cyber resilience across Africa. (Image source: Adobe Stock)
CMC Networks launches CMC Fusion, a platform enabling seamless network management across 51 African and 11 Middle Eastern countries. (Image source: Adobe Stock)
Old Mutual Connect launches as a new MVNO on Cell C, enhancing mobile accessibility for South Africa's lower-income market. (Image source: Adobe Stock)
Starlink launches budget-friendly internet in Kenya, challenging Safaricom as competition heats up in the evolving digital landscape. (Image source: Adobe Stock)
MTN Congo's new 5G network aims to revolutionise connectivity and drive economic growth in the region. (Image source: Adobe Stock)
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GITEX GLOBAL 2024 showcases cutting-edge cybersecurity innovations and solutions as industry leaders unite to combat rising threats. (Image source: Adobe Stock)
Nigerian government signs MoU with Ericsson for 5G tech development, aiming to drive digital growth and innovation in Nigeria. (Image source: Adobe Stock)
Intelsat launches satellite cellular backhaul in Lagos, enhancing connectivity for MNOs and ISPs in Nigeria and West Africa. (Image source: Adobe Stock)
Safaricom partners with Cloudflare and Copycat to deliver affordable, comprehensive cybersecurity solutions for Kenyan MSMEs. (Image source: Adobe Stock)
Tantum IT boosts operations and client satisfaction with Paratus South Africa’s Eutelsat OneWeb LEO satellite solution. (Image source: Adobe Stock)
Mukuru launches its digital wallet in Malawi, offering secure, seamless money transfers and boosting financial inclusion across the country. (Image source: Adobe Stock)
Nokia research highlights rapid 5G adoption in MEA, with CSPs driving digital transformation and significant growth in 5G subscriptions by 2029. (Image source: Adobe Stock)
Safaricom extends M-PESA Global to Ethiopia, enabling seamless mobile money transfers between Kenya and Ethiopia to boost regional economies. (Image source: Adobe Stock)
Sofibanque enhances IT systems through colocation at OADC Texaf, boosting service delivery in DRC's digital landscape. (Image source: Open Access Data Centres)
Datacentrix reaffirms its leadership in data security by retaining Elite Partner status with Rubrik, driving cyber resilience across Africa. (Image source: Adobe Stock)
CMC Networks launches CMC Fusion, a platform enabling seamless network management across 51 African and 11 Middle Eastern countries. (Image source: Adobe Stock)
Old Mutual Connect launches as a new MVNO on Cell C, enhancing mobile accessibility for South Africa's lower-income market. (Image source: Adobe Stock)