When should you ignore an instruction from your boss?
As organisations around the world spend even more on cybersecurity tools, cybercriminals are increasingly using a simple, yet effective ways to access organisations’ data or money through business email compromise (BEC) or CEO fraud.
International security awareness organisation, KnowBe4, explains that BEC is a type of scam in which cybercriminals gain access to – or convincingly replicate – the email address of a senior staff member. They then mail a relevant person within the organisation, instructing them to share information, or assist in making a payment. Because they do not request the recipient to click on a link or open up an attachment, they seem quite innocuous at first and do not trigger any security scanners or warning signs. However, they cause the largest monetary loss related to cybercrime.
BEC wire transfer fraud sees criminals taking advantage of an expected financial transaction such as a supplier payment, and asking the recipient to adjust the bank account information on an outgoing wire transfer. In many cases, the instruction may appear to come from the victim’s boss, and may even be written in a similar style that is used by the boss. Another common type of BEC is gift card scams, in which attackers pretend to be a colleague of the victim and ask them to purchase a digital gift card.
Anna Collard, SVP of Content Strategy & Evangelist for KnowBe4 Africa, says, “35% of all security incidents are business email compromise phishing attacks. According to security vendor GreatHorn’s 2021 Business Email Compromise Report (https://apo-opa.info/47byw0a), 71% of BEC attacks use a spoofed email account or website to establish credibility. Sixty-nine percent of BEC attacks utilise spear phishing, increasing their chances of reaching the right people within an organisation who have influence over money. According to the report, the finance industry is targeted 57% of the time, with CEOs next (22%) and IT third (20%).
“Reducing the risk of such attacks starts with security awareness training. People are sometimes not aware of the value of their email accounts. Beware of falling for phishing emails and ensure that you use strong and unique passwords on all your email accounts. Add another layer such as two-step or multi-factor authentication to your password. Verify any payment requests or change of banking details with the recipient out of band, for example via WhatsApp or a phone call,” Collard says.
KnowBe4’s free Phishing Security Test enables organisations to find out whether their staff would fall for convincing phishing attacks. Sign up for the test here: https://apo-opa.info/3FW1fuJ
Nigeria’s Vice President, Kashim Shettima and AFDB President, Akinnwunmi Adesina
It was yet another bountiful harvest for the President Bola Ahmed Tinubu administration in its investment drive, as the African Development Bank (AfDB), Islamic Development Bank (IDB) and the International Fund for Agricultural Development hinted on Thursday that they have voted $1 billion to further deliver special agro-industrial processing zones in 24 States of Nigeria.
This is in addition to an initial $520 million voted by the development partners for the development of eight special agro-industrial processing zones in Nigeria.
President of African Development Bank Group, Dr. Akinwumi A. Adesina, disclosed this at the Norman Borlaug International Dialogue, World Food Prize 2023, in Des Moines, Iowa, United States of America.
Vice President Kashim Shettima, who is attending the event in pursuance of the food security and diversification policy of the Tinubu administration, had on Wednesday delivered his keynote address at the ongoing Dialogue.
Delivering his own speech titled, “From Dakar to Des Moines,” Dr. Adesina noted that the decision to pump such huge funds into Nigeria’s agribusiness was part of the resolve to develop Special Agro-Industrial Processing Zones (SAPZs) in 13 countries.
Explaining that it was the core of the food and agriculture delivery compacts from the Dakar 2 Summit held earlier this year in Dakar, Senegal, the AfDB President said, “We are investing heavily in the development of SAPZs to support the development of agricultural value chains, food processing and value addition, enabling infrastructure and logistics to promote local, regional, and international trade in food.
“The African Development Bank Group is investing $853 million in the development of the Special Agro-Industrial Processing Zones, and it has mobilized additional co-financing of $661 million, for a total commitment of $1.5 billion. We are deploying effective partnerships at scale. We are currently implementing 25 Special Agro-industrial Processing Zones in 13 countries.
“For example, the African Development Bank, Islamic Development Bank, and the International Fund for Agricultural Development provided $520 million for the development of 8 special agro-industrial processing zones in Nigeria. The second phase of the program aims to mobilize an additional $1 billion to deliver special agro-industrial processing zones in 24 States of Nigeria”.
Dr. Adesina regretted that while much progress had “been made in African agriculture, 283 million people still go to bed hungry in Africa, about a third of the 828 million people that suffer hunger globally.”
He however described the Norman Borlaug International Dialogue World Food Prize 2023, as a “journey and narrative of how we are combining the power of science, technology, policies, and politics to ensure that Africa fully unlocks its agricultural potential, and feeds itself, with pride.”
The AfDB President thanked Vice President Kashim Shettima, and the President of Ethiopia, Sahle-Work Zewde, for participating in the global event, saying their presence is an indication “that Africa has the political will and is fully ready to tackle food insecurity and make hunger history” on the continent.
Also speaking during the fire-side chat with the AfDB President, Dr Akinwunmi Adesina, Vice President Kashim Shettima who spoke on the Tinubu administration’s initiatives for food security said the quality of present leadership in Nigeria and the rest of Africa will drive transformation in agriculture and other sectors.
According to him, “a nation falls or rises fundamentally due to the quality of its leadership. Right now Africa is blessed with quite a handful of quality leaders that have the drive, passion and skills set to redefine the meaning and concept of modern leadership.
“Bola Ahmed Tinubu, my boss, is a good example, Macky Sall of Senegal and of course, Abdel Fattah El-Sisi of Egypt are doing wonderfully well, just to mention a few of the African leaders that are distinguishing themselves in leadership.
“I want to assure this gathering of investors and stakeholders in the agricultural sector that my boss, President Bola Ahmed Tinubu is a quintessential 21st century modern African leader who is determined to redefine the meaning and concept of modern leadership.
“Be rest assured that there will be a sea change in the fortunes of the Nigerian nation and by extention the African continent in the next couple of years because Nigeria is an anchor nation,” the VP added.
On wheat production, Sen. Shettima said “our target towards wheat production in Nigeria is to achieve 50% self sufficiency in the next 3 cycles. It is inconceivable that we are the second largest wheat importer in the world.
“Luckily, we have already procured the heat tolerant variety of wheat seeds and we are going to drive that process by supporting the farmers with the heat tolerant variety, agricultural extention services, fertilizer and also hope to increase the irrigation areas to 1 million hectares in the next cropping cycle.
“We need to produce about 2.4 million tonnes of wheat grains in Nigeria. We are going to reach out to our farmers through small irrigation schemes and through digitalisation. All the actors in the value chain will be sufficiently taken care of through innovative finance, partial credit guarantees and crop insurance,” the VP emphasized.
For rice production, the VP said the major challenge for Nigeria is the insufficiency of paddy rice. He noted that Nigeria has adequate milling capacity but “we need to produce 3 to 4 million tonnes of paddy rice to meet our requirement of about 2.5 million tonnes per annum. We have 75 million hectares of arable land and most of it suited for rice cultivation.”
He added that “we will provide our farmers with certified seeds, fertilzer, extension services, the digitlization of services, inputs, finance and market information. Our target is to achieve self sufficiency in rice latest by 2027.”
The VP also spoke about the Special Agro-Industrial Processing Zones (SAPZs), reiterating the Tinubu administration’s commitment to providing an enabling environment for investors in the zones.
He said government would create an SAPZ development authority that will operate like a one-stop shop where regulatory and associated issues will be addressed.
The Africa Adaptation Acceleration Program (https://apo-opa.info/3s7IvoI), a joint initiative of the African Development Bank (http://www.AfDB.org) and the Global Center on Adaptation, has launched a call for applications for the third edition of the YouthADAPT Challenge, which seeks to support young entrepreneurs driving solutions to tackle climate change.
The annual YouthADAPT competition invites young entrepreneurs leading micro, small, and medium enterprises in Africa to submit innovative solutions and business ideas that can drive climate change adaptation and resilience across the continent.
This year’s call focuses on female-owned enterprises pioneering Fourth Industrial Revolution technologies such as artificial intelligence; big data analytics; virtual reality; robotics; internet of things; quantum computing; additive manufacturing; blockchain, and fifth-generation wireless for climate adaptation.
With support from the Africa Climate Change Fund (https://ACCF.AfDB.org/), hosted by the Bank, the winners will be awarded $100,000 each, alongside mentorship and coaching to further their climate change adaptation solutions and business ideas. They will also join the YouthADAPT Alumni Network to learn from a dynamic community of youth entrepreneurs throughout Africa.
To be eligible, applicants must be between the ages of 18 to 35. Their ventures should be youth-led and offer tangible solutions to real-life climate challenges. They must be registered and operational in Africa, with at least two years’ worth of accounts.
Apply by visiting the YouthADAPT competition portal (https://apo-opa.info/3Q8WLVZ). The closing date for applications is 5 November 2023 at 17:00 GMT. An information session is scheduled for 23 October 2023 at 11:00 GMT to share details about the YouthADAPT Challenge 2023. This session will cover eligibility criteria, the application process, important deadlines, and the advantages of participation, such as grants, mentorship, and business development services.
The Ecobank Group (http://www.Ecobank.com), the leading pan-African banking group, celebrated the 10th anniversary of Ecobank Day, its flagship social impact event, last Saturday, October 21, 2023. To mark the occasion, Ecobank launched a three-year ‘Transforming Africa Through Education’ campaign, which it kicked-off with a focus on digital education and equipping children and youth with the digital skills they need for the jobs of tomorrow.
Jeremy Awori, Chief Executive Officer of Ecobank Group, said: “Ecobank Day reflects the giving spirit of all 14,000 Ecobankers across the Group. For 10 years, it has given us an opportunity to manifest our commitment to making a positive impact in the communities we serve. This year, we focus on digital education, which is critical for Africa to leapfrog and accelerate its development. For several years, Ecobank has embarked on a journey of digitalization – consistent with our deep belief in the transformative power of digital technology for a more inclusive future in Africa. It is only natural that on this Ecobank Day, we have supported the launch of a series of training programmes and provided the necessary infrastructure to offer basic digital education to youth across Africa.”
Ahead of the Ecobank Day celebrations, Ecobank Foundation, in partnership with the Global Partnership for Education and UN Women, organised a webinar entitled ‘Igniting Africa’s Digital Future through the Power of Coding’. The webinar was well-attended with over a thousand participants, and featured experts and the youth, discussing the importance of ensuring that all African children and youth have access to digital skills, mostly coding and programming, that are essential for jobs of the future and a fulfilled life. You can watch the webinar here (https://apo-opa.info/3Q1PjMs).
Ecobank’s affiliates across 33 sub-Saharan African countries continue to hold a range of activities to raise awareness and knowledge of the importance of digital skills for Africa’s children and youth. These activities include creating or equipping IT Labs, refurbishing schools, providing youth digital skills training workshops, partnering with schools to improve digital facilities, mentoring initiatives and more.
Ecobank Day has supported a wide range of causes over the years since 2013. These have included Education for young people in Africa (2013); Malaria prevention and control (2014); Every African child deserves a better future (2015); ICT education in schools and improving maternal health (2016); Safe water management (2017); Orphanages (2018); Cancer (2019); Diabetes (2020); Mental health (2021) and financial literacy and financial inclusion (2022).
The Global Times, citing anonymous sources, says officials conducted tax inspections at Foxconn businesses in two Chinese provinces.
Foxconn says it will co-operate with the investigation.
The company is the biggest maker of iPhones for US tech giant Apple and is one of the largest employers in the world.
The Global Times also said China’s natural resources department made on-site investigations into land use by key Foxconn businesses in the provinces of Henan and Hubei.
“Legal compliance everywhere we operate around the world is a fundamental principle of Hon Hai Technology Group (Foxconn),” the company said in a statement.
“We will actively cooperate with the relevant units on the related work and operations,” it added.
Foxconn’s founder Terry Gou is running as an independent candidate in Taiwan’s presidential election that is due to take place in January.
The election is expected to have a significant influence on Taiwan’s relationship with China given tensions between them have ratcheted up in the past year.
As Beijing’s claims over the self-governed island have grown more assertive, presidential candidates have pitched their differing visions on how to respond.
Mr Gou has positioned himself, based on his years of experience working in China, as an alternative to the incumbent Democratic Progressive Party (DPP), which is seen as hostile to Beijing.
But he said he was not scared of China when he announced his candidacy: “If the Chinese Communist party regime were to say ‘If you don’t listen to me, I’ll confiscate your assets from Foxconn,’ I would say ‘Yes, please, do it!’
He resigned his seat on Foxconn’s board in September after announcing that he was entering the presidential race. He handed over the management of the company in 2019 when he announced his first run for the presidency but retains a 12.5% stake in Foxconn.
At that time, he was a member of the Kuomintang (KMT), a major political party in Taiwan which is seen as Beijing-friendly.
The Global Times reported that “many people” in Taiwan suspect Foxconn is being investigated because Mr Gou is running for the presidency.
However, the state-run paper added that Chinese experts said the investigation “is normal and legitimate, as any company goes through tax inspections”.
The Global Times also cited experts as saying the investigation may impact the elections and that “if the secessionists who seek ‘Taiwan independence’ win the elections, that would be a huge disaster to the peace and stability of the region, and the Chinese people of both sides of the Taiwan Straits, including the ones in the business circle, should work together to prevent disaster from happening.”
Beijing insists that nations cannot have official relations with both China and Taiwan, with the result that Taiwan has formal diplomatic ties with only a few countries. Although the the US maintains diplomatic relations only with China, it remains Taiwan’s most important ally.
Meanwhile, some are suggesting that the investigation is a way of China hitting back at the US over its sanctions by targeting one of its biggest companies, Apple.
“It does feel like this might be a bit of a retaliation to the US sanctions,” Rachel Winter, investment partner at Killik & Co, told the BBC’s Today programme.
“The US has imposed a lot of sanctions on China to try and limit their technological capabilities and it does feel that by going after Foxconn they will be harming Apple which is one of the US’s most successful companies.”
Mr. Emmanuel Omoke, Abuja Chapter President of ISACA delivering his paper at the FIRS Headquarters, Abuja
In 2022 alone, global economy lost $7 trillion due to breaches occasioned by cybercrimes. This is as average cost of a single cyber breach could cost as much as $4.25million and the effect could be devastating for the global economy, the Abuja Chapter President of the Information System Audit and Control Association, Mr. Emmanuel Omoke has warned.
Omoke made these revelations in Abuja on Wednesday in a paper he presented to mark the 2023 Information Security Week at the Federal Inland Revenue Service (FIRS).
In his lecture titled: Mitigating Insider and Outsider Threats to Information Security, Omoke urged organisations, both public and private to take the issue of information security serious as a little negligence could cost a fortune. In his presentation, the information security expert revealed that Insider Threats to information security is always higher, accounting for about 22 percent of all threats. This he explained comes from activities of disgruntled employees of an organisation. According to him, external hackers account for about 14 percent of all threats while syndicates account for six percent.
“Cybercrimes cost the global economy as much as $7 trillion in 2022. Average cost of cyber breach is $4.25million. cybercrime is now ranked third largest economy behind United States and China, according to the World Economy Forum (WEF). “Hackers are always associated with individuals who possess technical skills and knowledge related to computer systems and networks, but their interest and intentions can vary widely”, he said.
He enumerated types of hackers to include: White hackers, Black hackers, Grey hackers, Script kiddies, State sponsored hackers, Malware authors, Phreakers, Social engineers and Hacktivists.
“The term Hacktivism, that is Hack+activism refers to hacking into computer systems socially or politically motivated reasons. The targets of hacktivists are political groups, religious groups, social movements, big corporations and government organisations. Their motivations include to teach the targeted group a lesson and really get their attention and to provoke, question and challenge organisations or groups that represent moral values that conflict with their own”, he added. Omoke emphasized that organisations should pay greater attention to insider threats as well as the outsider threats as their costs could be massive.
Mr. Omoke, first from right, and other guests at the FIRS Headquarters in Abuja
“Cost of threats include the worth of lost data, damage to equipment, loss of money, cost of fixing vulnerability that was exploited, loss of revenue from downtime, loss of revenue due to loss of customer trust and company image, legal fees and court costs as well as considerations related to restitution to customers, injury, death and national security”, he said.
Dr Babalola is a Nigerian citizen with over 20 years of experience across sub-Saharan Africa
The African Development Bank Group (http://www.AfDB.org) has appointed Dr Akinsola Babalola, a banking and finance management professional, Special Assistant to the Bank Group President.
Dr Babalola is a Nigerian citizen with over 20 years of experience across sub-Saharan Africa. Before joining the Bank, he was Assistant Vice President at Ecobank Transnational Incorporated in Lome, Togo, where he served in various strategic roles for 11 years.
From 2012 to 2017, he was in the office of the Deputy Chief Executive Officer as Business Performance Manager, overseeing the financial performance of Ecobank subsidiaries across more than 30 countries.
From 2017 to 2018, Dr Babalola, a Nigerian citizen, was Assistant Vice President for Regulatory Compliance Monitoring, where he helped strengthen enterprise-wide controls by assessing compliance risks and implementing regulatory changes across subsidiaries of Ecobank Group.
He served as Chief of Staff to the Group Execution for Operations and Technology from 2018 to 2021. In this capacity, he played a key role in the coordination and execution of the core activities of the largest division within Ecobank Group to ensure consistency in operations in line with the strategic goals of the institution.
He championed organizational reforms and the implementation of various banking and financial systems initiatives. This included leading the team that centralized and virtualized cross-functional operational activities across the Ecobank Group, and setting up the Group Payment Operations in response to the competitive drive for the efficiency of payment solutions across sub-Saharan Africa.
Until recently, Dr Babalola was the head of the two regional processing centres in Lagos and Abidjan, handling operational activities for Ecobank subsidiaries, and head of the Group Payment Operations Centre that oversees all digital transactions.
Dr Babalola had a brief stint at Shell International Petroleum Company in the United Kingdom in 2008, where he evaluated strategic business opportunities in gas-to-liquid markets and developed a model for competitive positioning for four niche applications.
He holds a Doctoral degree in Business Administration from the University of Manchester (United Kingdom, 2022), a Master of Business Administration from the University of Oxford (United Kingdom, 2008), a Master of Managerial Psychology from the University of Ibadan (Nigeria, 2006), and a Bachelor of Psychology from the University of Ibadan (Nigeria, 1998). He is a Fellow of the Association of Certified Chartered Accountants (United Kingdom).
Commenting on his appointment, Dr Babalola thanked Dr Adesina for offering him the opportunity. “I am deeply humbled and honoured. I am committed to serving this great institution and Mr. President in the execution of his laudable vision, which is transforming the Bank and the African continent.”
Dr Adesina said: “I am pleased to appoint Dr. Akinsola Babalola as Special Assistant to the President. Akinsola, a respected banker with strong knowledge and experience in the commercial banking industry, brings wide exposure and engagement in management, strategy and implementation. He will provide strategic support for the President at all levels of the Bank, externally and internally, including with the boards of directors, senior management and staff.”
The Serengeti beat six other parks in this year’s World Travel Awards
Tanzania’s Serengeti National Park has been named the best in Africa for the fifth time in a row.
It beat six other parks in the continent in this year’s World Travel Awards (WTA), a global body that aims to reward excellence in travel and tourism.
The Serengeti, which is popular for its wildebeest migration, has won the award ever year since 2019.
The Tanzania National Parks Authority (Tanapa) celebrated the Serengeti’s “stunning five-time victory”.
Other African contenders included Botswana’s Central Kalahari Game Reserve, Namibia’s Etosha National Park, Uganda’s Kidepo Valley National Park, South Africa’s Kruger National Park and Kenya’s Masai Mara National Reserve.
Experts project that cybercrime will cause $10.5 trillion in annual damages by 2025
United States of America, October 16, 2023/ — The world’s leading cybersecurity experts have convened at GITEX GLOBAL 2023 (www.GITEX.com) to address the urgent challenges of cybercrime, projected to cause $10.5 trillion in annual damages by 2025. Ransomware, crypto crime and risks associated with Generative AI are some of the key threats that CISOs and security professionals need to tackle in the digital era.
His Excellency Dr. Mohamed Al-Kuwaiti, Head of Cybersecurity, UAE Government, gave a keynote address at GITEX GLOBAL, highlighting how digital transformation across all sectors in the UAE has made it a catalyst for improved collaboration. Al-Kuwaiti also highlighted UAE’s Cybersecurity Council’s work across the UAE and how it collaborates with partners to protect and defend people and organizations against threats. “We strive to continuously innovate and form partnerships with entities, nations, and governments. Our vision is to create a great place to collaborate, work, and serve the entire world,” he added.
Cybersecurity in the AI era
At the show, Huawei is demonstrating its leading-edge cybersecurity capabilities and solutions to address the evolving threats faced by organisations and nations hopping onto the digital transformation bandwagon.
Dr. Aloysius Cheang, Chief Security Officer, Huawei Middle East & Central Asia, highlighted some cybersecurity risks associated with the rapidly advancing AI industry. “While generative AI can enhance cyber security, it can also introduce potential vulnerabilities and risks. There is a need for businesses, governments, and society to proactively address the possible risks, regulate the ethical use of generative AI in cybersecurity, and establish robust governance frameworks.”
Dr. Aloysius advocated for greater collaboration and information-sharing among organisations to combat cyber threats effectively. “We must pivot and focus our efforts on building Data Security Governance and adopting the ‘follow the data’ model as an abstraction to address any new technology that comes our way, whether it be cloud or AI.”
A panel discussion titled “Cybersecurity at the Heart of Digital Transformation” featured HE Dr. Mohamed Al-Kuwaiti along with Amer Sharaf, Executive Director of Cyber Security Systems and Services Sector, Dubai Electronics Security Centre, Nathan Swain, former Senior Security Advisor to the U.K. Government, His Excellency Pengiran Dato Shamhary Mustapha, Minister of Transport and Infocummunications, Brunei and Hon. Ousman Bah, Minister of Communications and Digital Economy, Gambia. The panellists shared their insights on balancing security and innovation in the digital age. Together, they collectively emphasized the importance of collaboration with both public and private entities, underscoring the need to sustain investments in cybersecurity.
GITEX GLOBAL 2023 marked the global debut of the year’s most anticipated cybersecurity showcase, GITEX Cyber Valley, hosted by the UAE Cybersecurity Council. The Cyber Valley hosts various hackathons with over 500 white hackers participating across five challenges to solve global tech issues. Cyber Valley participants can also explore X-Labs Security, a cutting-edge platform for technical talks and the latest product demos.
Leading cybersecurity organisations including Huawei, Netscout, ESET, Kaspersky, Norton, Palo Alto, Fortinet, and more, are exhibiting at GITEX GLOBAL to showcase how their solutions are helping organisations protect their most precious assets.
Autonomous Mobility Meets Extreme Sports
Autonomy is advancing at a remarkable pace, with the power to redefine mobility. Today, the Advanced Technology Research Council (ATRC) unveiled the Super Formula Dallara model at GITEX ahead of the first autonomous race at the Abu Dhabi F1 track in April 2024.
Dr. Tom McCarthy, Executive Director of ASPIRE, the technology transition arm of ATRC, said, “The Dallara Super Formula car has been adapted with an autonomy stack, allowing the vehicle to perceive its environment and race autonomously at the Abu Dhabi Yas Marina Circuit. A2RL marks a significant milestone for Abu Dhabi and the wider UAE, setting the stage for disruptive innovations in mobility through extreme sports.”
GITEX GLOBAL and Expand North Star comprise a combined 41 halls spanning 2.7 million sq. ft of exhibition space, a 40% growth year-on-year attracting 1,800 start-ups across the two mega-events. GITEX GLOBAL and Expand North Star converge the best minds and most visionary companies to scrutinise, challenge, define, and empower the digital agendas of the world.
African Development Bank and Google collaborate on digital transformation in Africa
The African Development Bank (www.AfDB.org) and Google today formalized cooperation aimed at advancing digital transformation in Africa. The parties signed a Letter of Intent during the Global Africa Business Initiative at the United Nations General Assembly in New York.
The agreement underscores a shared commitment to harness emerging technologies, extend and improve infrastructure, and refine talent and skills in the continent.
Both parties have a history of fostering digital evolution. Over the past decade, the African Development Bank has invested $1.9 billion in projects emphasizing the development of broadband infrastructure, conducive policy and regulatory environments, digital skills, and innovative technology startups.
“Our journey from a 2% telephony penetration in 1998 to today’s era of 4G, 5G, and AI signifies immense progress. With 70% of sub-Saharan Africans under 30, our focus is on catalyzing businesses to create jobs and offer innovative solutions,” said Dr. Akinwunmi Adesina, President of the African Development Bank.
Google has been a longtime partner in Africa’s economic growth and digital transformation. In 2005 Google invested in a major submarine telecommunications cable – the Seacom cable. Since then, Google has been committed to digital transformation by supporting talent development, innovation, infrastructure, and regulatory advancements across the continent.
Working together with African Development Bank, Google will offer technical assistance to bolster entrepreneurs and small and medium-sized enterprises in digitizing their businesses, securing financing, mastering digital marketing, and advancing private sector development.
Dr. James Manyika, Google’s Senior Vice President of Research, Technology & Society, said: “With advanced technologies like AI, the most profound transformation is yet to come.
Collaboration will be essential if Africa is to realize this opportunity, building for everyone and ensuring no-one is left behind. We are excited to collaborate with the African Development Bank to work towards this shared commitment.”
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
Contact:
African Development Bank: Amba Mpoke-Bigg Communication and External Relations Department email: media@afdb.org
Google: Pren-Tsilya Boa-Guehe Government Affairs & Public Policy Manager African Institutions email: pboaguehe@google.com
About the African Development Bank Group: The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org.
About Google: Google’s mission is to organize the world’s information and make it universally accessible and useful. Through products and platforms like Search, Maps, Gmail, Android, Google Play, Google Cloud, Chrome and YouTube, Google plays a meaningful role in the daily lives of billions of people and has become one of the most widely-known companies in the world. Google is a subsidiary of Alphabet Inc.
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