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In today’s edition:
A solution to Nigeria’s kidnapping problem
Bitnob is launching a free 10-second remittance transfer service for Africans
Ethiopia is building a social media platform
Who should attend the #FutureofCommerce?
A SOLUTION TO NIGERIA’S KIDNAPPING PROBLEM
Two Nigerian schoolgirls, Chioma Abone and Emmanuela Ilok, have developed an anti-kidnapping technology that could help tackle kidnapping in the country.
Their solution is a company called Paramount Guard which includes an app called AirGuard and its supporting wearable, both of which alert family members and friends of the wearer whenever they’re in critical situations.
The tech was developed as part of the Young Tycoon Business Challenge, a competition where secondary school students compete for $960,000 worth of prizes: $10,000 in cash and $950,000 in benefits.
Why is this important?
Nigeria has a kidnapping problem, and it’s not new.
In 2014, two-hundred and seventy-six (276) girls were abducted from their secondary school beds in Chibok, a town in North-Eastern state Borno, Nigeria. As of now, fifty-seven (57) of the girls have escaped, one hundred and seven (107) have been released, seven (7) were found in various locations, but one hundred and twelve (113) still remain in captivity, seven years after.
Since then, Nigeria has experienced constant kidnapping sprees led by various criminal factions including Boko Haram, road bandits, and everyday citizens looking to make a quick buck.
As of 2021, there have been hundreds of kidnapping incidents from all over the county involving school children, travelers, and even government officials. In fact, the first half of 2021 saw over 2300 people falling victim.
So far, at least $19.96 million in ransom has been demanded from relatives and loved ones, some of whom never see the victims again.
A solution for the whole world.
Abone and Ilok, who are students of Greensprings schools in Lagos, emerged as finalists out of the 7,000 participants from 80 countries who participated in the Challenge. The team has said that their solution is not for Nigeria alone but for the whole world.
“We decided to work on an idea about a company called Paramount Guard, which seeks to offer security services to school students, not only in Nigeria but all over the world,” they mentioned.
Zoom out: I think it’s a good idea but I’m concerned about the practicability of it. Wearables are the first things seized in a kidnapping. If the technology does go public, won’t kidnappers just take the devices off their victims? What do you think?
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BITNOB is LAUNCHING A FREE 10-SECOND REMITTANCE TRANSFER SERVICE FOR AFRICANS
Join the Future Africa Collective – an exclusive community of investors who invest in startups building the future of Africa. With a $1,000 annual or a $300 quarterly subscription fee, you get access to invest a minimum of $2,500 in up to 20 fast-growing African startups each year. Learn More
ETHIOPIA IS BUILDING A SOCIAL MEDIA PLATFORM
Unleash your summer passion with style! Whether you are being sun-kissed at a beach abroad, journeying with friends to explore the beauty of Nigeria or simply holidaying at home, we have you covered.
Please click here to find out how we can make your summer even more exciting.
WHO SHOULD ATTEND THE #FUTUREOFCOMMERCE?
It’s exactly a month to the Future of Commerce, and we’ll love to see you there! If you’re interested in attending but not sure if it’s a good fit for you, continue reading!
Startups: If you operate in payments, e-commerce, logistics and cryptocurrency and adjacent sectors, it’s a great way to know what’s happening in the industry, and how it could affect whichever sector you work in. You’ll also get to network with and learn from some of the major players in the industry.
Investors: As an investor, you’ll get a chance to see first-hand some of the most innovative companies in Africa’s tech industry and even find potential portfolio companies.
Telcos/Banks/FMCGs and other large corporations: This conference is an opportunity to find potential partners across payments, e-commerce, logistics.
Policymakers: Regulators and policymakers will have the opportunity to understand the biggest opportunities for growth in the sector as well as the pain points.
Tech enthusiasts: It’s an opportunity to learn from some of the brightest minds in business and commerce.
Small business owners: If you’re a business owner, you get to meet potential partners and gain insights to grow your business to adapt to the changing world of commerce.
So, do you belong to any of these groups and still haven’t registered? Well, what are you waiting for? Sign up now.
KB4-CON EMEA is a free, highly engaging, cybersecurity-focused virtual event designed for CISOs, security awareness and cybersecurity professionals in Europe, the Middle East and Africa.
The event will be on Thursday, September 23rd and features keynotes from two of the most well known figures in cybersecurity. Mikko Hyppönen will cover how our global networks are being threatened by surveillance and crime, and how we can fix our technical, and human, problems. Kevin Mitnick will reveal social engineering tradecraft and insights and wow you with a live hacking demonstration.