Facebook CEO visits Nigeria

Facebook CEO, Mark Zuckerberg, is visiting Nigeria this week on his first trip to Africa, using his time in the country to visit the Yaba technology hub in Lagos, meet with developers and partners, and explore Nollywood.

Zuckerberg is in Nigeria to listen and learn and take ideas back to California on how Facebook can better support tech development and entrepreneurship across Africa.
One of his first stops on the trip was to visit a 'Summer of Code Camp' at the Co-Creation Hub (CcHub) in Yaba, known as the Silicon Valley of Nigeria.

CcHub opened in 2011 and at the time didn't even have an office. Five years later they fill three floors and the roof of a building. At CcHub people can learn how to code, developers can get help launching their first products, and find mentors and funding.

At CcHub, Zuckerberg met with developers like, Temi Giwa, who runs a platform called Life Bank that makes blood available when and where it is needed in Nigeria. Life Bank saves lives by mobilizing blood donations, taking inventory of all blood available in the country, and delivering blood in the right condition to where it is needed.

After visiting CcHub, Zuckerberg said: “This is my first trip to sub-Saharan Africa. I'll be meeting with developers and entrepreneurs, and learning about the startup ecosystem in Nigeria. The energy here is amazing and I'm excited to learn as much as I can.

“The first place I got to visit was the Co-Creation Hub Nigeria (CcHUB) in Yaba. I got to talk to kids at a summer coding camp and entrepreneurs who come to CcHub to build and launch their apps. I'm looking forward to meeting more people in Nigeria.”

He then went to Andela, an engineering organization that is building the next generation of technical leaders in Africa.

Andela is a business that recruits the most talented technologists in Africa and shapes them into world-class developers through a four-year technical leadership program. In the two years since it was founded, Andela has accepted just over 200 engineers from a pool of more than 40,000 applicants. Andela developers spend six months mastering a technical stack and contributing to open source projects before being placed with global technology companies as full-time, distributed teammates, working out of Andela headquarters in Lagos and Nairobi.

Earlier this year, the Chan Zuckerberg Initiative invested in Andela after being impressed by the company's innovative model of learning and its drive to connect the global technology ecosystem with the most talented developers in Africa.

Seni Sulyman, Director, Andela Lagos, said: “We are excited and honored to welcome Mark Zuckerberg to Lagos. His visit reinforces not only his support of Andela’s mission, but his belief that indeed the next generation of great technology leaders will come out of Lagos, Nigeria and cities across Africa. Andela has created a platform for passionate, driven software developers and engineers to break into the global tech ecosystem, but the barriers to entry are still very high. Mark’s visit demonstrates to all Nigerian developers and entrepreneurs that they’ve caught the attention of the tech world, and they are capable of succeeding on a truly global level."

At the end of the day Zuckerberg stopped by an Express Wi-Fi stand in Lagos owned by Rosemary Njoku. Facebook's Express Wi-Fi lets entrepreneurs like Rosemary set up a hot spot to help their community access apps and services built by local developers.
Source: Biztechafrica

[Nigeria] Online Lending Platform, Paylater Now Has More Than 100,000 Users

Paylater, an online lending platform, has also joined in making an announcement in that regard: it now has 100,000 users!

Seems it is the season of announcing user numbers in Nigeria, especially by finance-related startups. First, it was Paga announcing it has reached the 500,000 users mark, and possibly crossed it by now, a few days ago.

“We’re excited to have our first 100,000 users! Thank you for the app downloads, likes, comments, shares and feedback,” the company stated in a Facebook post.
It added, “You have all played an important role in helping grow the Paylater service, and we’re looking forward to continuing to serve you in the months and years ahead.”

For the uninitiated, Paylater is a simple, entirely online lending platform that provides short-term loans to help cover unexpected expenses or urgent cash needs.
You can apply for a Paylater loan 24 hours a day, 7 days a week. Its quick application process lets you know your fate (or status) within minutes.

Paylater didn’t start out as an online lending platform though. It was initially a credit-based online shopping service before pivoting some time last year, and it’s looking like it made the right move.

Paylater is available in all 36 states of Nigeria. The service is powered by One Finance & Investments Ltd, a licensed and regulated finance company.
Want to get a quick loan? Download the Paylater app (for Android devices) or just use the web app!

Source: Techloy

MTN Takes a Bath on Afrihost Sale

MTN has taken an R88million bath on the sale of its 50% stake in Internet Service Provider, Afrihost. The telecommunications group revealed alongside its interim financial results for the six months to June 2016, published on Friday.

MTN paid R408million in 2014 to acquire 50% (plus one share) of Afrihost. However, it has sold its stake back to Afrihost management just two years later for just R320million.

As a result, the group decided to recognize a goodwill impairment loss of R202million in the interim period on the remeasurement of the assets to fair value less cost to sell in accordance with accounting standards related to non-current assets held for sale and discontinued operations.

In its 2014 annual results published in March 2015, MTN revealed that it had shelled out R408million to acquire the controlling stake in Afrihost. It said at the time that a large portion of the value of the deal was made up of goodwill.
Goodwill is an intangible asset that arises when a company makes an acquisition at price higher than the company’s value. This additional value is paid for an acquisition target’s brand, customer relations, patents and proprietary technology, among other things.

MTN’s acquisition of Afrihost was concluded in November 2014.

“This, as well as future acquisitions in this space, will be important in supporting our ambitions in this area,” MTN said in March 2015. “Control over Afrihost will enable the group to drive its accelerated SME strategy and provide scale for the group’s virtual market, content and cloud offering.”

Source: Techcentral

Child Sex Abuse Images Increasingly Being Found and Removed

Nearly 70,000 pictures and videos showing child sex abuse have been removed from the internet in the past year, the UK charity, Internet Watch Foundation (IWF), leading the efforts to combat the abuse, has said.

The IWF was given more powers in 2014 to actively search for such images and take action. The content it found included images and videos of 1,788 victims who were assessed as being aged two or under. Just 0.2% of child sexual abuse imagery is hosted in the UK, the charity said.

Reporting on its work in 2015, the IWF said: “68,092 reports were identified as containing illegal child sexual abuse, 69% of victims were assessed as aged 10 or younger, 34% of images were category A - which involves the rape or sexual torture of children

IWF chief executive, Susie Hargreaves, said: "Last year our analysts broke all records for assessing reports. By being allowed to actively search for these hideous images of children, we've seen a dramatic increase in the sheer number of illegal images and videos that we've been able to remove from the internet.”
She added: "But despite our success, this isn't the time to stand still. What we never forget is that behind these headlines and every single image we remove from the internet there is a real child being abused."

'No excuse'
In 2014, Prime Minister David Cameron granted the IWF powers to actively search for images of child sexual abuse rather than just rely on reports from members of the public.
The charity plans to expand its team of 12 analysts to 17 and offer its image list, identified by unique "hash" codes, to the wider internet industry so internet service providers and other content companies can take down duplicate images.

It is also planning to challenge online companies that are not members of the IWF to take action.
Current members include Google, Facebook, Amazon, the BBC, BT, Sky and TalkTalk.
"There is simply no excuse. Not being part of this battle to eliminate online child sexual abuse imagery, is not an option," said Ms. Hargreaves.
Source: BBC