Professional stealers: opportunistic scammers targeting users of Steam, Roblox, and Amazon in 111 countries

- Over 50 million passwords stolen in 7 months of 2022- Underground market value of stolen logs and compromised card details around US$5.8 million- India saw the highest number of infected devices in the Asia Pacific, followed closely by Indonesia, Philippines and VietnamSingapore, Nov 29, 2022 - (ACN Newswire via SEAPRWire.com) - Group-IB, one of the global leaders in cybersecurity, has identified 34 Russian-speaking groups that are distributing info-stealing malware under the stealer-as-a-service model. The cybercriminals use mainly Racoon and Redlinestealers to obtain passwords for gaming accounts on Steam and Roblox, credentials for Amazon and PayPal, as well as users' payment records and crypto wallet credentials. In the first seven months of 2022, the gangs collectively infected over 890,000 user devices and stole over 50 mln passwords. All the identified groups orchestrate their attacks through Russian-language Telegram groups, although they mainly target users in the United States, Brazil, India, Germany, and Indonesia. In 2022, info-stealing malware has grown into one of the most serious digitalthreats.Classiscam graduates By tracking the evolution of the popular scam scheme Classiscam, Group-IB Digital Risk Protection analysts revealed how some "workers" (low-rank online scammers) started shifting to a more dangerous criminal scheme that involves distributing info stealers. Moreover, the illicit business of stealers, which is coordinated via Telegram groups, uses exactly the same operational model as ClassiscamAn info stealer is a type of malware that collects credentials stored in browsers (including gaming accounts, email services, and social media), bank card details, and crypto wallet information from infected computers, and then sends all this data to the malware operator. After a successful attack, the scammers either obtain money themselves using the stolen data, or they sell the stolen information in the cybercriminal underground. According to Group-IB, stealers are one of the top threats to watch in the coming year. The threat actor responsible for the most recent attack on Uberpurchased the credentials compromised with the Racoon stealer.According to the Group-IB Digital Risk Protection team, (part of the Unified Risk Platform), the mass Telegram groups and bots designed to distribute info stealers first appeared in early 2021. By investigating a number of accounts, Group-IB analysts were able to confirm that members of several scam groups that previously participated in the Classiscam scheme began using stealers. In 2021 and 2022, Group-IB experts identified 34 active groups on Telegram. On average, such info stealer distribution groups have around 200 active members.The most popular stealer among the groups examined by Group-IB is RedLine, which is used by 23 out of 34 gangs. Racoon ranks second: 8 groups employ this tool. Custom stealers are used in 3 communities. Administrators usually give workers both RedLine and Racoon in exchange for a share of the stolen data or money. However, the malware in question is offered for rent on the dark web for $150-200 per month. Some groups use 3 stealers at the same time, while others have only one stealer in their arsenal.Having switched from scamming users of classified websites to stealers, some threat actors reproduced not only the hierarchy and model of Classiscam, but also its technical capabilities. In particular, Telegram bots that generate malicious content, communication between members, and all their shady accounting. The tasks of workers, the scammers of the lower-ranks, have also changed — they must now drive traffic to bait scam websites impersonating well-known companies and convince victims to download malicious files. Cybercriminals embed links for downloading stealers into video reviews of popular games on YouTube, into mining software or NFT files on specialized forums and direct communication with NFT artists, and into lucky draws and lotteries on social media.Telegram Stealers world tour Group-IB estimates that between March 1 (when Group-IB started researching the scheme) and December 31, 2021 stealers operated via Telegram groups were able to compromise 538,000 devices. In the first 7 months of 2022, Telegram stealers were found to be almost twice more active infecting more than 890,000 devices in 111 countries.The top 5 most often attacked countries in 2022 were the United States, Brazil, India, Germany, and Indonesia with 91,565, 86,043, 53,988, 40,750, and 35,345 infected devices respectively.List of countries in Asia Pacific by the number of infected devices include India, Indonesia, Philippines, Vietnam and Singapore. In India for example, from March - December 2021, the operators of the stealers in question infected 19,249 devices. In the first seven months of 2022, the number grew to 53,988. Scammers were able to retrieve 4,547,020 passwords, 4,657 sets of payment records, and 4,428 sets of crypto wallet information such as credentials, seed phrases, etc.Indonesia closely follows with a total of 35,345 infected devices and where scammers were able to retrieve 2,372,893 passwords. The Philippines recorded a total of 31, 745 infected devices and Vietnam with a total of 22,739 devices infected and scammers retrieving 2,032,278 passwords. Australia had 5,794 devices infected and 549,640 passwords retrieved by scammers. Singapore saw 2,179 devices infected, with 185,689 passwords retrieved.According to the analysis of Telegram groups, for the last 10 months of 2021 cybercriminals collected 27,875,879 sets of passwords, 1,215,532,572 cookie files, 56,779 sets of payment records, and data from 35,791 crypto wallets. In the first 7 months of 2022, threat actors stole 50,352,518 passwords, 2,117,626,523 cookie files, details of 103,150 bank cards, and data from 113,204 crypto wallets. The underground market value of just the stolen logs and compromised card details is around $5.8 million, Group-IB experts estimate.According to Group-IB, in 2021, threat actors worldwide most frequently collected PayPal account credentials (more than 25%) and Amazon credentials (more than 18%). In 2022, the most targeted services are the same, namely PayPal (more than 16%) and Amazon (more than 13%). However, over the course of the year, cases of stealing passwords for gaming services (Steam, EpicGames, Roblox) in the logs have increased almost five-fold."The influx of a huge number of workers into the popular scam Classiscam — which Group-IB's Unified Risk Platformidentified, at its peak, comprised over a thousand criminal groups and hundreds of thousands of fake websites — has led to criminals competing for resources and looking for new ways to make profits," says Ilia Rozhnov, head of Group-IB's Digital Risk Protection in the Asia Pacific. "The popularity of schemes involving stealers can be explained by the low entry barrier. Beginners do not need to have advanced technical knowledge as the process is fully automated and the worker's only task is to create a file with a stealer in the Telegram bot and drive traffic to it. For victims whose computers become infected with a stealer, however, the consequences can be disastrous."To minimize potential risks, Group-IB Digital Risk Protection experts recommend that users refrain from downloading software from suspicious sources, use isolated virtual machines or alternative operating systems for installation, avoid saving passwords in browsers, and regularly clear browser cookies. To prevent digital risks and unwanted consequences, companies should take a proactive approach to their brand's digital security and use modern technologies for monitoring and response, such as Group-IB's Digital Risk Protection.About Group-IBGroup-IB, with its headquarters in Singapore, is one of the leading solutions providers dedicated to detecting and preventing cyberattacks, identifying online fraud, investigating high-tech crimes, and protecting intellectual property. The company's Threat Intelligence and Research Centers are located in the Middle East (Dubai), Asia-Pacific (Singapore), and Europe (Amsterdam).Group-IB's Unified Risk Platform is an ecosystem of solutions that understands each organization's threat profile and tailors defenses against them in real time from a single interface. The Unified Risk Platform provides complete coverage of the cyber response chain. Group-IB's products and services consolidated in Group-IB's Unified Risk Platform include Group-IB's Threat Intelligence, Managed XDR, Digital Risk Protection, Fraud Protection, Attack, Surface Management, Business Email Protection, Audit & Consulting, Education & Training, Digital Forensics & Incident Response, Managed Detection & Response, and Cyber Investigations. Group-IB's Threat Intelligence system has been named one of the best in its class by Gartner, Forrester, and IDC. Group-IB's Managed XDR, intended for proactively searching for and protecting against complex and previously unknown cyber threats, has been recognized as one of the market leaders in the Network Detection and Response category by KuppingerCole Analysts AG, the leading European analyst agency, while Group-IB itself has been recognized as a Product Leader and an Innovation Leader. Gartner has named Group-IB a Representative Vendor in Online Fraud Detection for its Fraud Protection. In addition, Group-IB was granted Frost & Sullivan's Innovation Excellence award for Digital Risk Protection (DRP), an Al-driven platform for identifying and mitigating digital risks and counteracting brand impersonation attacks, with the company's patented technologies at its core. Group-IB's technological leadership and R&D capabilities are built on the company's 19 years of hands-on experience in cybercrime investigations worldwide and over 70,000 hours of cybersecurity incident response accumulated in our leading DFIR Laboratory, High-Tech Crime Investigations Department, and round-the-clock CERT-GIB.Group-IB is an active partner in global investigations led by international law enforcement organizations such as Europol and INTERPOL. Group-IB is also a member of the Europol European Cybercrime Centre's (EC3) Advisory Group on Internet Security, which was created to foster closer cooperation between Europol and its leading non-law enforcement partners.Group-IB's experience in threat hunting and cyber intelligence has been fused into an ecosystem of highly sophisticated software and hardware solutions designed to monitor, identify, and prevent cyberattacks. Group-IB's mission is to protect its clients in cyberspace every day by creating and leveraging innovative solutions and services.For more information, please contact:pr@group-ib.com+65 3159-3798https://www.group-ib.comhttps://www.group-ib.com/blogTwitter | LinkedIn |Facebook |Instagram |Telegram Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

Blue Sapphire Announces the Launch of BST Token & Ecosystem

Smart City Solutions and Credible Digital Assets – Blue Sapphire Tokens the Future of Crypto Currency Dubai, UAE, November 28, 2022 – (SEAPRWire) – Recently, Blue Sapphire is proud to announce the launch of their BST Token & Ecosystem. People are tired of hearing that Digital Currency and Tokens tanking. They have yet to hear of one of the most Credible Digital Asset. Blue Sapphire Tokens is a unique digital asset and a cryptocurrency supported not just by genuine Gemstones but by the BST group of companies and their vision for Web 3.0 and enhanced Ecosystem. Continue reading to learn more about what the BST group offers for profitable and sustainable investment in Blue Sapphire Tokens. Blue Sapphire Swap – Big portfolio of partners already invested in BST, making it easier to swap and cash out anytime.Audit and KYC – With professional auditing of 3rd party, investors are secure and comfortable in investing in Blue Sapphire.Metaverse Technology – BST plans to provide high-quality urban services strategies to cities in the shape of smart and sustainable management and growth in industry and housing.Blockchain Center of Excellence – In collaboration with European Digital University, the center in Dubai will bring experts in the field of blockchain with companies around the world to collaborate better.Integrated Mobile App – Communication, sharing, exchanging funds, and so much more in their integrated blockchain and Blue Sapphire, the best of both worlds.Ecosystem and Utility – Blue Sapphire Technologies will support gaming, metaverse, real estate projects, and digital currencies. Not just that, they are planning to enhance the digitalization for smart cities, integrate with shopping malls and gemstone industries, and breathe new life into eCommerce platforms. Future Roadmap Stage 1 – BST Gemstones General  Trading LLC BST – Group collected rough sapphire and rough gemstones. Stage 2 – BST Project Initiation and presales launching.Stage 3 – Improved strategic alliances and regulations from Switzerland for future exchange listings and gemstone auctions.Stage 4 – BST utility, BST wallet, Sapphire blockchain, and Saphex exchange. BST-Metaverse Auction plac BST- W3.0 BROWSER Stage 5 and Beyond – So much more to come and transpire. Learn more at BSTokens or join their Telegram group.PinkSale Pre-Sale – Stay tuned for massive presale benefits if users join PinkSale and pre-purchase Blue Sapphire Tokens. Presale on 1st December. Social links Twitter: https://twitter.com/bstgroupworld Telegram: https://t.me/bstokens_official Facebook: https://www.facebook.com/BstworldUAE/ Media contact Brand: Blue Sapphire Contact: Media team E-mail: info@bstgroup.world Website: https://www.bstokens.com SOURCE: Blue Sapphire The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)

GMEX Group Wins Best Development in FinTech of the Year

LONDON, Nov 28, 2022 - (ACN Newswire via SEAPRWire.com) - GMEX Group ('GMEX'), a leader in digital business and technology solutions for capital markets, is proud to announce that it has been awarded Best Development in FinTech of the Year by Crypto AM for its GMEX Pyctor institutional-grade digital assets technology. These coveted awards are judged by an independent, expert panel of industry leaders. GMEX competed with other finalists including Revolut to win.GMEX Pyctor ('Pyctor') was acquired earlier this year by GMEX after being successfully incubated in ING Neo's innovation lab. It has been jointly developed in collaboration with multiple blue-chip financial institutions (both asset managers and banks) and regulators. This leading fintech provides regulatory compliant digital assets network and digital custody technology, and is designed for firms operating in regulated environments. It offers highly secure digital custody and transactional network services for a broad range of digital assets, as well as delivering interoperability between permissioned and public blockchains.GMEX Group is in its tenth anniversary year. While its business started in traditional finance, developing exchange matching engines, clearing, settlement and custodial solutions, the firm was early to get involved in the digital assets space in 2017 with the subsequent launch of the GMEX Fusion, a unique centralised and distributed ledger market infrastructure suite for exchanges and post trade operators. It now has multiple solutions as part of an overall technology fabric, including its MultiHub 'network of networks' service, which interfaces with Pyctor, removing the need to integrate with multiple trading parties, trading venues and digital custodians. Sitting at that intersection, GMEX is a hybrid finance specialist, addressing the interoperability issues experienced in the market to bridge traditional and digital assets activity aligned with current and evolving regulations.Hirander Misra, CEO of GMEX Group said: "The current environment will lead to increased regulations and an institutional digital flight to quality, creating a need for an offering which makes it easier navigate this with the right governance, control, security and risk management."He continued, "GMEX Group is the first company to offer an end-to-end multi-asset, multi-sector Hybrid Finance solution designed for regulated environments, which bridges the gap between off-chain Traditional Finance (TradFi), Centralized Finance (CeFi) and on-chain Decentralized Finance (DeFi) across jurisdictions. We are pioneering in the domain of Hybrid Finance (HyFi) and are thrilled to have our success in developing unique solutions to address industry challenges formally recognised with this highly prestigious award."Media Contact:GMEX GroupHelen DisneyThe Realization Group Tel: +44 (0)7792 376 546Helen.disney@therealizationgroup.compr@gmex-group.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

Hitachi Rail wins major contract to deliver sustainable digital commuter railway in the Philippines

TOKYO, Nov 18, 2022 - (JCN Newswire via SEAPRWire.com) - Hitachi Rail has been awarded a major contract worth around 114bn JPY(1) (around 814m USD) called CP04 by the Philippine Government's Department of Transportation to deliver Electrical & Mechanical Systems and Track Works, including digital signalling for the new commuter railway from Solis to Malolos in the Philippines.Guiguinto StationThe project will cover around 35.4km and nine stations on the North South Commuter Railway, a 147km commuter line from Calamba to Clark, and will be funded by the Japan International Cooperation Agency (JICA).In a significant boost for sustainability in the Philippines, the project will reduce rail carbon emissions and encourage the use of environmentally friendly public transport over higher polluting cars.Hitachi Rail will introduce its innovative European Train Control System (ETCS) Level 2 signalling on the North South Commuter Railway. ETCS signalling technology monitors the train's movement and the speed limit on the track and will help reduce the energy footprint of the railway by enabling very efficient operation of the trains. The introduction of ETCS Level 2 signalling will also boost safety on the line by enabling automatic activation of train safety functions, including emergency braking in case of danger or if trains exceed the track's maximum line speed.Hitachi Rail is a global industry leader in digital signalling and was one of the pioneers to introduce ETCS technology in Europe - in the UK, Italy, Spain, Sweden and France - as well as in the highly competitive markets of China and India. Hitachi is now bringing its global digital signalling expertise to the Philippines in a first for the country by delivering the complete turnkey E&M systems of signalling, electrification, telecommunications, depot equipment, fare collection and trackwork for the railway.Takuya Yamakawa, Deputy Head of Japan Business, Head of Asia and Japan Initiatives (Sales and Projects), Railway Systems Business Unit, Hitachi, Ltd., said:"We are proud to be awarded this contract to bring our digital signalling expertise to the Philippines, following our experiences pioneering the technology and successfully introducing it to countries across Europe and Asia. By delivering this project, Hitachi Rail will reduce a major commuter railway's energy footprint, supporting greener travel."With ownership of cars and congestion in Manila projected to continue to increase rapidly, it is vital we support commuters to use more sustainable rail transport. Our state-of-the-art railway systems will do just that - encouraging rail travel by boosting safety, bringing huge benefits to passengers and driving down emissions in the Philippines."(1) Exchange rates as of 16th November, 2022 were used: 1 PHP=2.43 JPY,1 EURO=145.08 JPY, 1USD=139.80 JPYAbout Hitachi, Ltd.Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company's consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billions of yen (84,136 millions of U.S. dollars), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.About Hitachi RailHitachi Rail is a fully integrated, global provider of rail solutions across rolling stock, signalling, service & maintenance, digital technology and turnkey solutions. With a presence in 38 countries across six continents and over 12,000 employees, our mission is to contribute to society through the continuous development of superior rail transport solutions. We are proud of our global achievements, from our world famous "bullet trains", to our signalling solutions and turnkey projects, state-of-the-art traffic management and digital solutions. Drawing on the wider Hitachi Group's market-leading technology and research-and-development capabilities, we strive for industry leading innovations and solutions that can deliver value for customers and sustainable railway systems that benefit wider society. For information about Hitachi Rail, visit www.hitachirail.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

Hong Kong Digital Asset Exchange Attends Hong Kong Fintech Week 2022

HONG KONG, Nov 1, 2022 - (ACN Newswire via SEAPRWire.com) - Hong Kong Digital Asset Exchange ("HKD.com"), the first digital asset exchange to combine both an online platform and a sizable physical store in Hong Kong, attended the Hong Kong Fintech Week for the second year in a row. HKD.com with financial leaders from all over the world to explore breakthroughs in different aspects of financial and technology services and beyond.Mr. Kelvin Yeung, founder and CEO of HKD.com shared his views on the investment value of the cryptocurrency ecosystem.The Hong Kong Government is promoting the development of fintech industry. HKD.com will explore the extraordinary possibilities of innovative fintech with industry leaders in this opportunity and play a leading role in the development of the fintech industry in Hong Kong. Mr. Kelvin Yeung, founder and CEO of HKD.com, as the guest speaker of Web3 Stage, discussed with other leaders on the topic of "Has Crypto Come of Age: All Grown-up & Ready to Work". He shared his views on the investment value and risk of the cryptocurrency ecosystem, as well as the potential of DeFi (Decentralized Finance). When the discussion turned to whether the entry of traditional financial institutions into digital asset custody would disrupt the custody game, the atmosphere was intense. Industry leaders expressed their views on the topic.Hong Kong Fintech week is a benchmark fintech event in Asia, organised by the Financial Services and the Treasury Bureau and Invest Hong Kong, and co-organised by the Hong Kong Monetary Authority, the Securities and Futures Commission and the Insurance Authority. The conference brings together global leaders and renowned sponsors across different verticals, alongside the world-leading fintech innovations to explore the future development of fintech through four key themes. Web3 and metaverse technologies are the main focuses of this year's event.HKD.com joined with Crypto Hong Kong and planned to open a crypto trading metaverse store. Crypto Hong Kong is a decentralized, community-driven urban ecosystem using cutting-edge technology to create a digital twin city of the Metaverse.About Hong Kong Digital Asset ExchangeFounded in Hong Kong, Hong Kong Digital Asset Exchange (HKD.com) is a world-class digital asset trading platform for the world. HKD.com is committed to the materialization and popularization of digital currency. In addition to the secure online digital currency trading platform, it has also set up a digital currency trading entity store with an area of nearly 10000 feet in the core commercial area of Hong Kong, which can be called one of the largest digital asset exchanges in Hong Kong. HKD.com will actively launch a POS terminal system based in Hong Kong, promote digital currency to cooperative retail partners as a new payment method, and provide investors with a more convenient, reliable and powerful digital financial platform experience.Website: https://www.hkd.com/Media enquiries:Hong Kong Asia Cultural DisseminationTel: (852) 3751 5901 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

Fujitsu delivers Quantum-Inspired Digital Annealer for research center at Chung Yuan Christian Center in Taiwan

TOKYO, Nov 1, 2022 - (JCN Newswire via SEAPRWire.com) - Fujitsu Limited and Fujitsu Taiwan Ltd. today announced that Fujitsu Taiwan will participate in the "Quantum National Team" of the Taiwan Ministry of Science and Technology and provide Fujitsu's Quantum-Inspired Digital Annealer technology on the cloud to the Digital Annealer Quantum Information Center established by Chung Yuan Christian University, from November 1, 2022.The Quantum National Team project is expected to receive investment from the government of Taiwan of $8 billion Taiwan Yuan (approximate 250 million USD) between 2022 and 2026 to promote research and development of quantum science and technology in close cooperation with industry, government, and academia. Supported by the project, Chung Yuan Christian University established the Digital Annealer Quantum Information Center to undertake a five-year research project labeled "Application of Quantum Computing in Optimization and Finance." Fujitsu Taiwan will support research and development by providing Fujitsu's Quantum-Inspired Digital Annealer on the cloud.About the Digital Annealer Quantum Information Center- Location: Taoyuan City, Taiwan (on the campus of Chung Yuan Christian University)- Date of Establishment: April 21, 2022- Overview: Advanced research and development on quantum computing technologies and applications based on the following three themes 1. Studies on the solution of combinatorial optimization problems 2. Utilization in the financial sector 3. Application to material development in the chemical field Fujitsu's Digital Annealer is designed to solve large-scale combinatorial optimization problems at speeds not possible with current conventional computing technologies. The hardware of the Digital Annealer technology is based on semiconductor technology, and as it operates stably at room temperature, it can help to reduce maintenance costs and can be easily integrated with other existing systems while delivering quantum-like capabilities. Digital Annealer is one of the key elements of Fujitsu's Computing as a Service (CaaS), a service portfolio launched by Fujitsu in Japan on October 25 to deliver customers access to world-leading computing technologies via the public cloud to the Japanese market, with global roll out to follow in fiscal 2023.Fujitsu will further provide professional consulting services to lower the barrier of the use of its Digital Annealer technology and support its application in various areas including academic experiments and advanced product research and development.As part of its broader strategy for computing technologies, Fujitsu plans to offer CaaS services to a wide range of customers, including educational institutions, the public sector and private enterprises, to cultivate professionals who can apply these advanced technologies to society to help customers in various fields and industries create new value and solve societal issues.About FujitsuFujitsu's purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$32 billion) for the fiscal year ended March 31, 2022 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

Digital Nigeria 2022: NITDA Director General tasks Tech Innovators with Problem Solving

ABUJA, NG, Oct 31, 2022 - (ACN Newswire via SEAPRWire.com) - The Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa, CCIE has challenged Nigerian tech innovators and entrepreneurs to identify problems bedeviling the nation with the view to proffering solutions because the government has provided a level playing field for them to achieve just that.NITDA Director General and conference host Kashifu Inuwa, CCIE, challenged Nigerian tech innovators and entrepreneurs to identify the problems bedeviling the nation, ...with a view to proffering solutions. [Image: NITDA]Day Three of the Digital Nigeria 2022 International Conference, tagged "Start-Up and Innovation Ecosystem Day", four enlightening Panel Discussions before "The Future is Tech". [Image: NITDA]Minister of Comms & Digital Economy, Professor Isa Pantami, inaugurated the Digital Economy Industry Working Group (DEIWG) to accelerate the digital economy agenda in the country. [Image: NITDA]Tech-drivers, the Digital Nigeria Family at the conclusion of the three-day Digital Nigeria 2022 International Conference & Exhibitions in a group photograph for the ages. [Image: NITDA]Inuwa stated his challenge during Day 3 of the Digital Nigeria 2022 International Conference, held in Abuja. Inuwa noted that for Nigeria to succeed, the tech ecosystem needs every stakeholder on board to play their roles as required of them. "To build a very strong tech ecosystem, we need the government, the higher institutions, we need the entrepreneurs, the risk capitalists and corporate organisations, everybody has its own role to play."He stated that the government is playing its role by creating a level playing ground by formulating policies, legal framework, regulations and intervening in providing infrastructure to the underserved and unserved communities, reiterating that the government is doing more than enough in these regards."The government needs you, needs your commitment the same way the government is committed. For the higher institutions, we need you to produce high quality education to the people because innovation, digital economy or knowledge-based economy are all human capital economy.""Your greatest resources are not the mineral resources but it is what you have in your brain; we need higher institutions to produce the right skill, talents and people with entrepreneurial skills," Inuwa noted. He claimed that the government is doing more than enough in terms of building human capital and "this is beyond conventional educational systems."The government has several initiatives to achieve the 90% digital literacy, which would go a long way in building the tech ecosystem. He said, "We need the numbers. We need people to have skills to use in the digital based technological environment, and that is why we are training people on high earned skills to build the digital service, because digital service is a product-based economy."He listed part of government initiatives to include the partnership between the Nigerian government and Microsoft to train 5 million Nigerians, the partnership with COUSERA to train 24,000, and several others which aimed at positioning Nigeria to be the global talent factory."One of the digital prints we need in the ecosystem is the legal framework. Just last week the President signed the Nigeria Start up bill into law so all these are to level the playing field for you.""For the entrepreneurs, now you have the playing field; it is left for you to take your ideas from invention to impact and in Nigeria and even Africa in general, we have a lot of problems awaiting solutions. And technology can serve as inspiration for you to solve these problems so all you need is to explore how you can solve the problems and impact lives," he said.While decrying the imbalance in the distribution of global wealth and prosperity, Inuwa maintained that with the thriving tech ecosystem, the imbalance would be corrected. He added that successful countries have three things in common, namely innovation, entrepreneurship and a good ecosystem, as nobody succeeds in isolation."Even in Nigeria," said he, 'if you look at the ecosystem, Lagos alone is contributing almost one quarter of the Nigerian Gross Domestic Product (GDP), and when you talk about the tech ecosystem, Lagos attracts more than 50%; so why?"He however sued for replication of the feat in all other parts of the country. "We can build this kind of ecosystem across the country because every part of the country has its strength and weakness. If we can leverage on the strength, we can build the same ecosystem to engender prosperity, because innovation is the only thing that can lead any nation to prosperity."Day 3 of the Digital Nigeria 2022 International Conference, which was tagged "Start-Up and Innovation Ecosystem Day", witnessed various enthralling discussions with the lead speech on "Innovative Ecosystem and Investors' Perspectives" presented by Satesh Elwani, Managing Director, Melsons Group.The panel sessions focused on: "Building a Thriving and Sustainable Start-up and Innovation Ecosystem for Nigeria's Digital Economy;" "A Tent Approach to Addressing the Talent Gap Issues;" "Exploring the Funding Opportunities for Nigerian Start-ups" and "Unlocking Nigeria's Innovation Potential for Economic Growth and Prosperity."About Digital Nigeria The Digital Nigeria International Conference & Exhibition is the flagship annual awareness program of the Digital Economy. Formerly eNigeria Conference & Exhibitions, the event was re-branded to expand in line with the National Digital Economy Policy & Strategy (NDEPS). It aims to brainstorm on contemporary issues of relevance from across the globe in order to address the Nigerian challenges for sustainable socioeconomic development. It is a platform for creating Information and Communications Technology (ICT) awareness, for associated framework development, and for charting best practices. Learn more at www.digitalnigeria.gov.ng. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

Digital Nigeria 2022, Day 2: Blockchain Adoption Can Increase Nigeria’s GNP, If…

ABUJA, NG, Oct 28, 2022 - (ACN Newswire via SEAPRWire.com) - Developing nations like Nigeria stand a chance to benefit from the US$ 1.76 trillion market, if they can position themselves to adopt and leverage Blockchain technologies, Kashifu Inuwa, Director General of the National Information Technology Development Agency (NITDA), said during Day 2 of the Digital Nigeria 2022 International Conferences, Exhibitions and Awards.Kashifu Inuwa, NITDA Director-General, "There are a lot of opportunities in Blockchain, and it is critical in every business. So, you need to task yourself to know which solutions or offerings the industry requires."Blockchain Summit @ Digital Nigeria 2022, Day 2, featured the summit that many had been waiting for, sponsored by NITDA, and Domineum Blockchain Solutions. [Image: NITDA]Mohammed Ibrahim Jega, Domineum co-founder, "Blockchain is a technology that houses Cryptocurrency and other compelling ideas, it is important to demystify it, and enable young people to get a proper grasp of this game-changing technology."The NITDA boss said "Developing countries like Nigeria, if we position ourselves, we can increase our GDP by at least 0.5 percent, which is almost US$ 25 billion. So today we are here to explore how we can position ourselves. The government has been doing it. It is in site. We have developed blockchain adoption strategies."He revealed the NITDA Blockchain adoption strategy has four initiatives. "Firstly, to establish a consortia that will build the ecosystem. And today we are here to build that ecosystem and community! Secondly, to strengthen the regulatory instruments and have legal framework. and last week, the president signed the Nigerian startup Bill into law, now the Nigeria Startup Act 2022, which is going to provide legal instruments for all emerging technologies, including blockchain."Inuwa noted "Thirdly, initiatives to incentivize the ecosystem which would encourage the building of use cases using blockchain, adding that the Start Up Act would to achieve that as well. And, fourthly is to build sandbox. We are going to work with you to develop sandbox for proof of concept and proof of value around blockchains. So, all that this government is doing, aims to make Nigeria attractive to blockchain investment."He listed the benefits of Blockchain to include "Tracking and tracing. We can use it to solve our supply chain challenges. We can use it to track records like land titles. We can use it to track certificate, vaccine, and so many things, anything you can think of that needs that trust. Technology can also address payment system challenges and financial inclusion, adding that it can also be used to strengthen our identity management."Not only personal identity, but even things' identities. We're talking about the Internet of Things. That means everything connected to internet needs to be identified. With Blockchain, you can achieve that when you use blockchain and IoT. You can even use it to manage government spending. In the budgeting process, you can use it to attach every single Naira to what it is budgeted for. You can trace it, and make sure there is traceability for every Naira spent by the government."Blockchain Summit @ Digital Nigeria 2022: And then some..The session witnessed panel discussions on Prioritizing Blockchain Technology, Implications for Digital Asset Innovation, Impacts of Blockchain on the Digital Economy: the Myth, the Truth and the Opportunities, and, One World Connected with Blockchain. The highlights of the summit were the inauguration of the Blockchain Campus Ambassadors and evolution of Blockchain Technology in Nigeria, in story-book form."Blockchain is here to stay, and we are rapidly moving away from traditional process to the Digital Transformation process," concluded Ibrahim Jega, Co-Founder of Domineum Blockchain Solutions, who together with NITDA hosted nearly 2000 guests at this year's Blockchain Summit @ Digital Nigeria 2022, Day 2.See more Blockchain Summit at https://www.digitalnigeria.gov.ngMore information and opportunity, please write to business@domineum.ioBlockchain Summit @ Digital Nigeria 2022 is powered by DOMINEUM Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

FG Stops Importation of Digital Technology Products, Services, as Nigeria Intends to be Global Talent Supplier: Day#1, Digital Nigeria 2022

ABUJA, NG, Oct 27, 2022 - (ACN Newswire via SEAPRWire.com) - As stakeholders in the Digital Economy sector from both within and outside Nigeria gathered in Abuja to brainstorm on the path to a sustainable digital economy in the country, the Federal Government (FG) declared that it would no longer accept importation of any digital technological product or service into the country "until and unless the country is convinced that capacity to develop such product and service is not readily available in the country."Prof Isa Ali Ibrahim (Pantami), Minister of Communications & Digital Economy, during his address to the Digital Nigeria 2022 International Conference.Kashifu Inuwa, Director General, National Information Technology Development Agency (NITDA), during the opening address at Digital Nigeria 2022.The Digital Nigeria 2022 International Conference, Exhibition and Awards, which runs from October 25 - 27, 2022 in Abuja, Nigeria. [Image: FITMA]Deemah Yahya Alyahya, Secretary General, Digital Cooperation Organisation (DCO), delivering her Keynote Address at the Digital Nigeria 2022.Ousman A. Bah, Minister of Communications & Digital Economy of The Gambia, delivering a Keynote Address at Digital Nigeria 2022 International Conference.Prof. Isa Ali Ibrahim (Pantami), the Minister of Communications & Digital Economy, made the declaration during a special address at the Digital Nigeria 2022 Conference, Exhibition and Awards in Abuja (Oct 25~27). Formerly known as the eNigeria Conference, the annual event was re-branded as Digital Nigeria to expand its scope in line with the core objectives of the National Digital Economy Policy and Strategy (NDEPS). Minister Pantami holds that wisdom behind the stoppage of importation of digital technological products and services gives effect to Executive Orders 003 of May 2017, and 005 of February 2018, which support "Local content procurement by ministries, departments and agencies of the Federal Government of Nigeria", and the "Planning and execution of projects, and promotion of Nigerian content in contracts and science, engineering and technology", respectively. He stated further that "even in the employment position that is publicized, as long as there are Nigerians that have the capacities to take up the challenges, it is not allowed for you to bring somebody from outside the country, except in an agreement transferring knowledge, and 40% of our products and services must be retained for Nigerians." The minister disclosed that his sector has been performing with increasing creditably in the last three years, making it the fastest growing sector and the highest contributor to Gross Domestic Product in the country. "The Digital Economy has in recent years recorded three unprecedented records. For example, contributing18.44% of GDP in the last quarter according to the National Bureau of Statistic." Listing record achievements for the sector, Prof. Pantami further expressed that his Ministry had scored high grades in each of the eight ministerial deliverables he signed with President Muhammadu Buhari in 2019. He noted that his Ministry scored a very strong 173.86% average across the eight. The scores in each deliverable were recorded as: implementation of broadband connectivity -134%; deployment of 4G across the country - 127%; digitalising government functions and processes - 99%; development and implementation of a National Digital Economy Policy and Strategy - 103%; implementation of a Digital Identity Programme - 86%; improvement and optimisation of revenues from all operators and licensees in agencies under the Ministry's supervision - 594%; active collaboration with private sector to create jobs - 111%; empowerment of citizens - 137%. According to the Minister, the sector used to contribute an average of N51 billion (approx. US$118 million) quarterly to the government's coffer, but in the last three years, quarterly remittance has grown to N408 billion (approx. US$ 935 million). "And you cannot appreciate this until you know how difficult it is to generate funds for government. We remit all that we generate to the government, while others spend without generating," he noted. He expressed the vigor in implementation of the various pillars of NDEPS, facilitating the unprecedented achievements the sector is recording since the policy was approved in October 2019. He listed the eight pillars to include: Developmental Regulation; Digital Literacy and Skills; Solid Infrastructure; Service Infrastructure; Soft Infrastructure; Digital Service Development and Promotion; Digital Society and Emerging Technologies; and Indigenous Content Promotion and Adoption.The Minister revealed that the under the Service Infrastructure pillar, IT project clearance alone has saved the Federal Government over N44 billion in the last year, with the clearing of 1,600 projects which have to do with the automation of government processes in order to save funds, improve precision and accuracy, and promote accountability. He said, "In order to simplify the implementation of each of the pillar, we developed other implementation policies under each pillar; under some pillars we have developed three to four policies. Within the last three years, we have developed 19 national policies and at least 17 of them are being implemented today - and this is unprecedented."While noting the Ministry's achievements in capacity building, Prof. Pantami disclosed that 863,232 Nigerians have been trained on cutting edge and highly demanded digital skills, adding that the training identified a global vacuum in the digital sector, and focused on the provision of skills to citizens such that they could fill the vacuum. In addition, according to the Minister, over 2,000 IT centres have been established across the country.He said the many regulatory instruments developed by his Ministry and its parastatals led to the initiation and ultimate passage of the Nigeria Start-Up Bill by the National Assembly, signed into law by President Muhammadu Buhari last week to become the Nigeria Start-up Act.While commending President Buhari and National Assembly for the speedy passage and assent, the Minister described the legislation as "organic, because inputs were sought from the Start-Up ecosystem, and all its challenges are accommodated." He said passage of the Bill has attracted global commendation, noting the Massachusetts Institute of Technology, which indicated it would be learning from Nigeria's experience.Kashifu Inuwa, Director General, National Information Technology Development Agency (NITDA), giving the opening speech at Digital Nigeria 2022, expressed optimism that with the several initiatives the ministry and all its parastatals are putting in place, Nigeria can become the global talent supplier in the tech ecosystem in no distant time. He said Nigeria is doing a lot in trying to position itself in the area of talent development because technology has two components; the technology, and the people side, or IT talent, which is abundant in Nigeria. According the Director General, if Nigeria could harness her talents in the tech ecosystem, it would need nothing else "because our talent alone is estimated at 8.5 trillion USD market value, and Nigeria has the capacity to fill the global talent gap."He assured that, "We have done it in the sport industry. We have done it in the music industry, and we are going to do it in the tech industry," adding that the country would also explore how to use Emerging Technologies to create and capture value from the tech ecosystem.While recalling that the Minister recently signed a Memorandum of Understanding with Microsoft Corporation to train 5 million Nigerians, the NITDA boss disclosed that there were "several other initiatives, like the training of 1 million developers in the next 18 months, geared towards positioning Nigeria to bridge the global talent gap."He described digital transformation and sustainability as increasingly important and intertwined phenomena that are full of promises and pitfalls. "To achieve sustainability, you need strategy to realise the promises while avoiding the pitfalls," he observed.Inuwa noted that the Minister of Communications & Digital Economy, Prof. Isa Ali Ibrahim (Pantami) has designed an approach to succeed in the digital economy sector. The Minister uses a three part gain : unleash the creative offence to position Nigeria as a leader in the digital economy, initiatives to strengthen the midfield in terms of processes, policies and legal framework, and initiatives to tide up the defense which is to explore technology to enhance processes and services which include the e-government master plan, and initiatives around infrastructure to connect the unconnected.On the recently passage of the Nigeria Start Up bill, now an Act after the President's assent, the Director General averred that the Act would provide legal instrument for Nigeria to become a start-up nation. "With the president assenting to the bill, it will help us position ourselves to disrupt and not to be disrupted because it is through start-ups you can come up with disruptive ideas with innovations to create Innovation driven enterprises, and we are implementing several initiatives to achieve that."We have an MIT REAP programme, we are working with JAICA, and we have several other initiatives aimed to strengthen the ecosystem, that is why Nigeria's ecosystem is the most vibrant ecosystem in all of Africa. Out of seven unicorn companies in Africa, five originated from Nigeria and we have three more to join soon," he added. Inuwa however solicited the cooperation of others because digital transformation cannot be achieved in silos. "We believe digital transformation needs collaboration. We need everybody on board. Government has its own roles; to create policies, to intervene in terms of regulations and legal framework and you all have your own roles to play. Academia produces the human capital; we need the innovators to come up with innovative ideas, we need the venture capitalists to invest, and we need you, our guests from abroad, to learn from your experience. "At the end of this, we are looking forward to ideas that will promote what government is doing so that Nigeria can have a sustainable digital economy," the NITDA boss concluded. Gambia's Minister of Communications and Digital Economy, His Excellence, Mr. Ousman A. Bah, a keynote speaker at the conference, enjoined African countries to embrace digital transformation stating that "digital transformation required the need for visionary leaders that have purpose and purpose that has destiny and destiny has address."He noted that adoption of blockchain technologies would speed up the continent's drive for digital transformation which will promote other emerging technologies such as data protection, cyber security, digital inclusion and entrepreneurship.While acknowledging that Blockchain has many benefits such as financial inclusion and nurturing of small scale businesses, he stated that the technology comes with its challenges, and there are significant challenges to overcome before the benefits of Blockchain could be realised. According to Mr. Bah consumer protection and system network risk can slow down the pace being recorded.He noted that Central banks in African countries need to be proactive to explore the technological advancement that Blockchain offers to promote digital inclusion advising that many countries need to embrace financial inclusion. "Countries in Africa are at the different stages of progress when it comes to allowing financial privacy from other sectors like telecom sector other than the banks." In her keynote address, the Secretary General of the Digital Cooperation Organisation (DCO) Deemah A. Alyahya sued for bridging the gender digital divide that exists, maintaining that access to information should be all inclusive. "We need to promote digital inclusion and ensure that we bridge the digital gender divide that is prevailing because women occupy very important roles in our journey toward digital transformation."In his goodwill remark, the Minister of Information and Culture Alhaji Lai Muhammed commended the ministry and parastatals under the leadership of Prof. Pantami for deepening the digital inclusion in the country through many of their initiatives. He stated that the sector remains the fastest growing sector which has been helping the nation in its drive for economic diversification.Other dignitaries at the conference were the Chairman, Senate Committee on ICT and Cyber Crime, Senator Yakubu Oseni, representatives of ministers of Special Duties, the Minister of State for Health, Service Chiefs, captains of industry, IT enthusiasts, tech start-ups and innovators.A highlight of the event was the unveiling of a book titled "Isa Ali Ibrahim Pantami: Advancing Nigeria's Drive Toward a Digital Economy", published in honour of the Minister. By Lukman Oladokun in Abuja.Digital Nigeria 2022 International Conference, Oct 25-27. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

FG Stops Importation of Digital Technology Products, Services, as Nigeria Intends to be Global Talent Supplier

ABUJA, NG, Oct 27, 2022 - (ACN Newswire via SEAPRWire.com) - As stakeholders in the Digital Economy sector from both within and outside Nigeria gathered in Abuja to brainstorm on the path to a sustainable digital economy in the country, the Federal Government (FG) declared that it would no longer accept importation of any digital technological product or service into the country "until and unless the country is convinced that capacity to develop such product and service is not readily available in the country."Prof Isa Ali Ibrahim (Pantami), Minister of Communications & Digital Economy, during his address to the Digital Nigeria 2022 International Conference.Kashifu Inuwa, Director General, National Information Technology Development Agency (NITDA), during the opening address at Digital Nigeria 2022.The Digital Nigeria 2022 International Conference, Exhibition and Awards, which runs from October 25 - 27, 2022 in Abuja, Nigeria. [Image: FITMA]Deemah Yahya Alyahya, Secretary General, Digital Cooperation Organisation (DCO), delivering her Keynote Address at the Digital Nigeria 2022.Ousman A. Bah, Minister of Communications & Digital Economy of The Gambia, delivering a Keynote Address at Digital Nigeria 2022 International Conference.Prof. Isa Ali Ibrahim (Pantami), the Minister of Communications & Digital Economy, made the declaration during a special address at the Digital Nigeria 2022 Conference, Exhibition and Awards in Abuja (Oct 25~27). Formerly known as the eNigeria Conference, the annual event was re-branded as Digital Nigeria to expand its scope in line with the core objectives of the National Digital Economy Policy and Strategy (NDEPS). Minister Pantami holds that wisdom behind the stoppage of importation of digital technological products and services gives effect to Executive Orders 003 of May 2017, and 005 of February 2018, which support "Local content procurement by ministries, departments and agencies of the Federal Government of Nigeria", and the "Planning and execution of projects, and promotion of Nigerian content in contracts and science, engineering and technology", respectively. He stated further that "even in the employment position that is publicized, as long as there are Nigerians that have the capacities to take up the challenges, it is not allowed for you to bring somebody from outside the country, except in an agreement transferring knowledge, and 40% of our products and services must be retained for Nigerians." The minister disclosed that his sector has been performing with increasing creditably in the last three years, making it the fastest growing sector and the highest contributor to Gross Domestic Product in the country. "The Digital Economy has in recent years recorded three unprecedented records. For example, contributing18.44% of GDP in the last quarter according to the National Bureau of Statistic." Listing record achievements for the sector, Prof. Pantami further expressed that his Ministry had scored high grades in each of the eight ministerial deliverables he signed with President Muhammadu Buhari in 2019. He noted that his Ministry scored a very strong 173.86% average across the eight. The scores in each deliverable were recorded as: implementation of broadband connectivity -134%; deployment of 4G across the country - 127%; digitalising government functions and processes - 99%; development and implementation of a National Digital Economy Policy and Strategy - 103%; implementation of a Digital Identity Programme - 86%; improvement and optimisation of revenues from all operators and licensees in agencies under the Ministry's supervision - 594%; active collaboration with private sector to create jobs - 111%; empowerment of citizens - 137%. According to the Minister, the sector used to contribute an average of N51 billion (approx. US$118 million) quarterly to the government's coffer, but in the last three years, quarterly remittance has grown to N408 billion (approx. US$ 935 million). "And you cannot appreciate this until you know how difficult it is to generate funds for government. We remit all that we generate to the government, while others spend without generating," he noted. He expressed the vigor in implementation of the various pillars of NDEPS, facilitating the unprecedented achievements the sector is recording since the policy was approved in October 2019. He listed the eight pillars to include: Developmental Regulation; Digital Literacy and Skills; Solid Infrastructure; Service Infrastructure; Soft Infrastructure; Digital Service Development and Promotion; Digital Society and Emerging Technologies; and Indigenous Content Promotion and Adoption.The Minister revealed that the under the Service Infrastructure pillar, IT project clearance alone has saved the Federal Government over N44 billion in the last year, with the clearing of 1,600 projects which have to do with the automation of government processes in order to save funds, improve precision and accuracy, and promote accountability. He said, "In order to simplify the implementation of each of the pillar, we developed other implementation policies under each pillar; under some pillars we have developed three to four policies. Within the last three years, we have developed 19 national policies and at least 17 of them are being implemented today - and this is unprecedented."While noting the Ministry's achievements in capacity building, Prof. Pantami disclosed that 863,232 Nigerians have been trained on cutting edge and highly demanded digital skills, adding that the training identified a global vacuum in the digital sector, and focused on the provision of skills to citizens such that they could fill the vacuum. In addition, according to the Minister, over 2,000 IT centres have been established across the country.He said the many regulatory instruments developed by his Ministry and its parastatals led to the initiation and ultimate passage of the Nigeria Start-Up Bill by the National Assembly, signed into law by President Muhammadu Buhari last week to become the Nigeria Start-up Act.While commending President Buhari and National Assembly for the speedy passage and assent, the Minister described the legislation as "organic, because inputs were sought from the Start-Up ecosystem, and all its challenges are accommodated." He said passage of the Bill has attracted global commendation, noting the Massachusetts Institute of Technology, which indicated it would be learning from Nigeria's experience.Kashifu Inuwa, Director General, National Information Technology Development Agency (NITDA), giving the opening speech at Digital Nigeria 2022, expressed optimism that with the several initiatives the ministry and all its parastatals are putting in place, Nigeria can become the global talent supplier in the tech ecosystem in no distant time. He said Nigeria is doing a lot in trying to position itself in the area of talent development because technology has two components; the technology, and the people side, or IT talent, which is abundant in Nigeria. According the Director General, if Nigeria could harness her talents in the tech ecosystem, it would need nothing else "because our talent alone is estimated at 8.5 trillion USD market value, and Nigeria has the capacity to fill the global talent gap."He assured that, "We have done it in the sport industry. We have done it in the music industry, and we are going to do it in the tech industry," adding that the country would also explore how to use Emerging Technologies to create and capture value from the tech ecosystem.While recalling that the Minister recently signed a Memorandum of Understanding with Microsoft Corporation to train 5 million Nigerians, the NITDA boss disclosed that there were "several other initiatives, like the training of 1 million developers in the next 18 months, geared towards positioning Nigeria to bridge the global talent gap."He described digital transformation and sustainability as increasingly important and intertwined phenomena that are full of promises and pitfalls. "To achieve sustainability, you need strategy to realise the promises while avoiding the pitfalls," he observed.Inuwa noted that the Minister of Communications & Digital Economy, Prof. Isa Ali Ibrahim (Pantami) has designed an approach to succeed in the digital economy sector. The Minister uses a three part gain : unleash the creative offence to position Nigeria as a leader in the digital economy, initiatives to strengthen the midfield in terms of processes, policies and legal framework, and initiatives to tide up the defense which is to explore technology to enhance processes and services which include the e-government master plan, and initiatives around infrastructure to connect the unconnected.On the recently passage of the Nigeria Start Up bill, now an Act after the President's assent, the Director General averred that the Act would provide legal instrument for Nigeria to become a start-up nation. "With the president assenting to the bill, it will help us position ourselves to disrupt and not to be disrupted because it is through start-ups you can come up with disruptive ideas with innovations to create Innovation driven enterprises, and we are implementing several initiatives to achieve that."We have an MIT REAP programme, we are working with JAICA, and we have several other initiatives aimed to strengthen the ecosystem, that is why Nigeria's ecosystem is the most vibrant ecosystem in all of Africa. Out of seven unicorn companies in Africa, five originated from Nigeria and we have three more to join soon," he added. Inuwa however solicited the cooperation of others because digital transformation cannot be achieved in silos. "We believe digital transformation needs collaboration. We need everybody on board. Government has its own roles; to create policies, to intervene in terms of regulations and legal framework and you all have your own roles to play. Academia produces the human capital; we need the innovators to come up with innovative ideas, we need the venture capitalists to invest, and we need you, our guests from abroad, to learn from your experience. "At the end of this, we are looking forward to ideas that will promote what government is doing so that Nigeria can have a sustainable digital economy," the NITDA boss concluded. Gambia's Minister of Communications and Digital Economy, His Excellence, Mr. Ousman A. Bah, a keynote speaker at the conference, enjoined African countries to embrace digital transformation stating that "digital transformation required the need for visionary leaders that have purpose and purpose that has destiny and destiny has address."He noted that adoption of blockchain technologies would speed up the continent's drive for digital transformation which will promote other emerging technologies such as data protection, cyber security, digital inclusion and entrepreneurship.While acknowledging that Blockchain has many benefits such as financial inclusion and nurturing of small scale businesses, he stated that the technology comes with its challenges, and there are significant challenges to overcome before the benefits of Blockchain could be realised. According to Mr. Bah consumer protection and system network risk can slow down the pace being recorded.He noted that Central banks in African countries need to be proactive to explore the technological advancement that Blockchain offers to promote digital inclusion advising that many countries need to embrace financial inclusion. "Countries in Africa are at the different stages of progress when it comes to allowing financial privacy from other sectors like telecom sector other than the banks." In her keynote address, the Secretary General of the Digital Cooperation Organisation (DCO) Deemah A. Alyahya sued for bridging the gender digital divide that exists, maintaining that access to information should be all inclusive. "We need to promote digital inclusion and ensure that we bridge the digital gender divide that is prevailing because women occupy very important roles in our journey toward digital transformation."In his goodwill remark, the Minister of Information and Culture Alhaji Lai Muhammed commended the ministry and parastatals under the leadership of Prof. Pantami for deepening the digital inclusion in the country through many of their initiatives. He stated that the sector remains the fastest growing sector which has been helping the nation in its drive for economic diversification.Other dignitaries at the conference were the Chairman, Senate Committee on ICT and Cyber Crime, Senator Yakubu Oseni, representatives of ministers of Special Duties, the Minister of State for Health, Service Chiefs, captains of industry, IT enthusiasts, tech start-ups and innovators.A highlight of the event was the unveiling of a book titled "Isa Ali Ibrahim Pantami: Advancing Nigeria's Drive Toward a Digital Economy", published in honour of the Minister. By Lukman Oladokun in Abuja.Digital Nigeria 2022 International Conference, Oct 25-27. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

Nigerian FG to Stop Importing Digital Products and Services says Digital Economy Minister

ABUJA, Nigeria, Oct 26, 2022 - (ACN Newswire via SEAPRWire.com) - With stakeholders in the Digital Economy, from within and outside Nigeria, gathered at Digital Nigeria 2022 to brainstorm on a sustainable digital economy for the nation, the Federal Government declared that it was no longer accepting importation of any digital technological product or service into the country, "until and unless the country is convinced that capacity to develop such product and service is not readily available within the country." NITDA Director General, Kashifu Inuwa opening Digital Nigeria 2022 in Abuja, October 25 [Image: NITDA]Communications & Digital Economy Minister, Prof. Isa Ali Ibrahim (Pantami) addressing Digital Nigeria 2022 [Image: NITDA]The Minister of Communications & Digital Economy, Prof. Isa Ali Ibrahim (Pantami) made the sweeping declaration while delivering special remarks on Day #1 of the Digital Nigeria International Conference, Exhibition & Awards in Abuja on Monday, Oct 25. The Conference, formerly known as the eNigeria International Conference, is the flagship awareness programme in the Digital Economy sector. The annual event was re-branded as Digital Nigeria to further expand its scope in line with the core objectives of the National Digital Economy Policy and Strategy (NDEPS). The aim is to brainstorm on contemporary issues of relevance across the globe, and to address Nigerian challenges for sustainable socioeconomic development. It is a veritable platform for Information & Communications Technology (ICT) awareness, creation, development of appropriate frameworks, and setting goals for best practices. The Minister holds that wisdom behind the stoppage of importation of digital technological products and services gives effect to Executive Orders 003 of May 2017, and 005 of February 2018, which support "Local Content Procurements by Ministries, Department and Agencies of the Federal Government of Nigeria", and the "Planning and Execution of Projects, Promotion of Nigerian Content in Contracts and Science, Engineering and Technology", respectively. He stated further that "even in the employment position that is publicized, as long as there are Nigerians that have the capacities to take up the challenges, it is not allowed for you to bring somebody from outside the country, except in an agreement transferring knowledge, and 40% of our products and services must be retained for Nigerians." Prof. Pantami enthused that his segment has been performing with increasing creditably in the last three years, making it the fastest growing sector, and the highest contributor to Gross Domestic Product in the country. "The Digital Economy has in recent years recorded three unprecedented records. For example, contributing18.44% of GDP in the last quarter according to the National Bureau of Statistic." Listing record achievements for the sector, Prof. Pantami further expressed that his Ministry had scored high grades in each of the eight ministerial deliverables he signed with President Muhammadu Buhari in 2019. He noted that his Ministry scored a very strong 173.86% average across the eight. The scores in each deliverable were recorded as: implementation of broadband connectivity -134%; deployment of 4G across the country - 127%; digitalising government functions and processes - 99%; development and implementation of a National Digital Economy Policy and Strategy - 103%; implementation of a Digital Identity Programme - 86%; improvement and optimisation of revenues from all operators and licensees in agencies under the Ministry's supervision - 594%; active collaboration with private sector to create jobs - 111%; empowerment of citizens - 137%. According to the Minister, the sector used to contribute an average of N51 billion (approx. US$118 million) quarterly to the government's coffer, but in the last three years, quarterly remittance has grown to N408 billion (approx. US$ 935 million). "And you cannot appreciate this until you know how difficult it is to generate funds for government. We remit all that we generate to the government, while others spend without generating," he noted. Prof. Pantami expressed that vigor in implementation of the various pillars of NDEPS was facilitating the unprecedented achievements the sector is recording since the policy was approved in October 2019. He listed the eight pillars to include: Developmental Regulation; Digital Literacy and Skills; Solid Infrastructure; Service Infrastructure; Soft Infrastructure; Digital Service Development and Promotion; Digital Society and Emerging Technologies; and Indigenous Content Promotion and Adoption.The Minister revealed that the under the Service Infrastructure pillar, IT project clearance alone has saved the Federal Government over N44 billion in the last year, with the clearing of 1,600 projects which have to do with the automation of government processes in order to save funds, improve precision and accuracy, and promote accountability. He said, "In order to simplify the implementation of each of the pillar, we developed other implementation policies under each pillar; under some pillars we have developed three to four policies. Within the last three years, we have developed 19 national policies and at least 17 of them are being implemented today - and this is unprecedented."While noting the Ministry's achievements in capacity building, Prof. Pantami disclosed that 863,232 Nigerians have been trained on cutting edge and highly demanded digital skills, adding that the training identified a global vacuum in the digital sector, and focused on the provision of skills to citizens such that they could fill the vacuum. In addition, according to the Minister, over 2,000 IT centres have been established across the country.He said the many regulatory instruments developed by his Ministry and its parastatals led to the initiation and passage of the Nigeria Start-Up Bill by the National Assembly, signed into law by President Muhammadu Buhari last week as the Nigeria Start-up Act.While commending President Buhari and National Assembly for the speedy passage and assent, the Minister described the legislation as "organic, as inputs were sought from the Start-Up ecosystem, and all its challenges are accommodated." He said passage of the Bill has attracted commendations globally, especially the Massachusetts Institute of Technology, which indicated it would be learning from Nigeria's experience.Written by Lukman Oladokun in LagosDay #1: Digital Nigeria International Conference 2022, Oct 25. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

Fujitsu launches “Fujitsu Computing as a Service (CaaS)” in Japan, new global co-creation partner program

TOKYO, Oct 25, 2022 - (JCN Newswire via SEAPRWire.com) - Fujitsu today announced that it started to offer "Fujitsu Computing as a Service" (hereinafter CaaS), its service portfolio to deliver customers access to world-leading computing technologies via the public cloud to the Japanese market, with global roll out to follow in fiscal 2023.Figure 1: Overview over the CaaS service lineupFigure 2: 12 startups currently participating in the programFujitsu simultaneously launched the "Fujitsu Accelerator Program for CaaS," a new global partner program that aims to provide prompt solutions to societal issues including labor shortage in the logistics business, countermeasures to infectious diseases and the development of new highly functional materials by co-creating use cases on the CaaS platform with innovative companies such as startups.Fujitsu's new cloud services include "Fujitsu Computing as a Service HPC" (hereinafter CaaS HPC) as well as "Fujitsu Computing as a Service Digital Annealer" (hereinafter CaaS Digital Annealer) for developing and running simulations, AI technologies and combinatorial optimization applications. The launch also includes "Fujitsu Computing as a Service Technical Consulting Services" (hereinafter CaaS Technical Consulting Services) that support the selection of the optimum environment according to the characteristics of customers' applications and their acceleration.Fujitsu is providing these services as part of its vision for "Hybrid IT" to realize a new digital infrastructure for a connected society, a Key Focus Area under Fujitsu Uvance, Fujitsu's portfolio of global solutions to achieve a sustainable world.Moving forward, Fujitsu will collaborate with external cloud providers to strengthen its environment and enhance its services by expanding the applications offered under CaaS, aiming for an expansion of the service to the global market in fiscal 2023.Outline "Fujitsu Computing as a Service" ("CaaS") and "Fujitsu Accelerator Program for CaaS"1. Outline of CaaSFujitsu offers CaaS as a cloud service portfolio that enables Fujitsu and its customers to jointly develop and implement applications and services using cutting-edge computing and software technologies. The CaaS portfolio includes high-performance computing (HPC) technologies and Fujitsu's Quantum-Inspired Digital Annealer (1) as cloud services as well as technical consulting services.(1) "CaaS HPC"Via CaaS HPC, users will have access to: the computing power of the "Fujitsu Supercomputer PRIMEHPC FX1000," (hereinafter PRIMEHPC FX1000) which shares the same CPU at the heart of the supercomputer Fugaku (2); a PC cluster with a high-performance Intel CPU (3); and a PC cluster with a high-performance Intel CPU and NVIDIA GPU (4) to develop and run simulations and AI applications.(2) "CaaS Digital Annealer"Via CaaS Digital Annealer, users will be able to use Fujitsu's Quantum-Inspired Digital Annealer that solves complex combinatorial optimization problems at speeds not possible with current conventional computing technologies. CaaS Digital Annealer will offer quick and accurate solutions to combinatorial optimization problems from a wide area including distribution and production planning, drug development, and the search of new materials.(3) "CaaS Technical Consulting Services"Fujitsu will support customers in choosing the best solution for the development and implementation of applications by offering them the computing power of the PRIMEHPC FX1000, PC clusters, or Fujitsu's Digital Annealer.In order to further enhance the safety of Fujitsu CaaS services, Fujitsu further aims to provide "Fujitsu Computing as a Service Data e-TRUST" (5) that provides a high level of security for exchange and utilization of data between companies and individual users by the end of fiscal 2022.Masafumi Ito, Group General Manager, Corporate and Manufacturing IT Group of TOYOTA SYSTEMS CORPORATION (6), comments:"Toyota Systems Corporation has started practical application of Fujitsu's Digital Annealer - one of the core services of CaaS - to the optimization of vehicle production sequences at Toyota Motor Corporation's production plants. CaaS embodies Fujitsu's vision of a sustainable future. Our expectations are high that CaaS will be used in a wide range of industries and areas in the future, which will lead to further technological development and expansion of services."Eric Capodanno, CTO of Phytocontrol Group (7), comments:"For the past two years, Phytocontrol and Fujitsu have been building flexible, easy-to-use, and accurate AI solutions that revolutionize contaminant analysis in the agro-food business, accelerate processes, and eliminate human errors. Applying CaaS to our chromatography (8) -related work will require continuous learning to improve the accuracy of various AI models and further cutting edge computational resources. CaaS provides a strong, secure and flexible environment that we believe will accelerate our broad range of operations."2. Overview of the new "Fujitsu Accelerator Program for CaaS"On October 25, Fujitsu further launched the Fujitsu Accelerator Program for CaaS with the aim of finding prompt solutions to societal issues by promoting co-creation of new use cases on the CaaS platform with innovative startups both in Japan and overseas who share the same values that Fujitsu Uvance stands for. By promoting co-creation with various partners, Fujitsu aims to further enhance the value of solutions offered under Fujitsu Uvance. As a "Fujitsu Accelerator Program for CaaS Co-Creation Partner," participating startups will receive various benefits including free access to CaaS services, dedicated engineer support and training, and use case creation through joint development.In collaboration with startups in Japan and overseas, Fujitsu aims to co-create CaaS use cases in various fields including Web 3.0, healthcare, manufacturing, and logistics. In order to further strengthen and accelerate the establishment of the startup ecosystem through CaaS, Fujitsu will collaborate with startup support organizations worldwide that are acting as a hub connecting startups and companies.Comments from the following 12 startups that are currently participating in this program and 1 startup support organization are provided in the attachment.- Startups Anifie, Inc., GRID INC., HIKKY Co., Ltd., Infinite Foundry, Lda, Inc., Kashika, Inc., KOGASOFTWARE Inc., Kyoto Fusioneering Ltd., Japan Research Activity Support, Inc., Pocket RD Inc., Qubit Pharmaceuticals, SAS, Waylay NV- Startup support organization Unknown Group BV(1) Digital Annealer:Information processing technology based on domain oriented computer architecture (a basic design of a computer consisting of memory and arithmetic circuits) that specializes in solving combinatorial optimization problems that are difficult to solve with current general-purpose computers.(2) Supercomputer Fugaku:A computer installed at RIKEN as a successor to the K computer. From June 2020 to November 2021, it ranked first in 4 categories in the supercomputer rankings for 4 consecutive terms. Full operation started on March 9, 2021.(3) Intel K.K.:President: Kunimasa Suzuki; Headquarters: Chiyoda-ku, Tokyo, Japan.(4) NVIDIA GK:Location: Minato-ku, Tokyo; Japan Country Manager, VP Worldwide Field Operations: Masataka Osaki.(5) CaaS Data e-TRUST:Data e-TRUST adds Fujitsu's IDentitY eXchange (IDYX) and Chain Data Lineage (CDL) technologies for secure data exchange and utilization trust functions to Fujitsu CaaS. Data e-TRUST provides advanced data security and ensures the authenticity and security of data exchange between different systems and services.(6) Toyota Systems Corporation:President: Hiroaki Kitazawa; Headquarters: Nakamura-ku, Nagoya, Japan.(7) Phytocontrol Group:Founder and CEO: Mikael Bresson; Headquarters: Nimes, Frances.(8) Chromatography:A general term for the separation and analysis of the components of compounds in substances. Since the elution time is different for each component, each component is separated and detected.About FujitsuFujitsu's purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$32 billion) for the fiscal year ended March 31, 2022 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

Kristof Schöffling’s Move Digital Backs Sustainable Blockchain Gaming and Monaco-Based Initiative

Mahe, Seychelles, October 22, 2022 – (SEAPRWire) – Kristof Schöffling’s rapidly growing Software Intelligence Company Move Digital is betting big on blockchain technology to provide sustainable and egalitarian earning opportunities to internet users around the globe. In addition to this, Schöffling is backing a sustainable initiative in Monaco which has been working for the past seven years to maintain and nurture ocean life. Schöffling sees this as the first of several donations and initiatives which he plans to be involved with in Monaco. Schöffling is able to make such donations due to the vast success of his blockchain-focused company Move Digital. The permissionless nature of blockchain technology is allowing netizens worldwide to tap into not only financial services but earning opportunities which were previously restricted to them. Citizens even in the poorest regions of Africa and Asia can now tap into equal earning opportunities as a result of the vast development which has taken place in blockchain gaming in recent years. Kristof Schöffling has dedicated all of his 125-person workforce to further developing and expanding gaming infrastructure which serves this subsector of the global population. Such infrastructure allows anyone with an internet connection to participate in blockchain games which allows them to compete for earnings on an equal basis with any other participant. Alongside this development, Move Digital is also building the tools necessary for modern-day entities to thrive in an increasingly digital environment. The reality of post-COVID business is that not every transaction and arrangement can be guaranteed to be executed in person. Move Digital is building an infrastructure which allows entities worldwide to increasingly transition to a rapidly growing digital economy where they can not only secure earning opportunities but develop and build out sizable businesses. While Move Digital is rapidly increasing opportunities in the digital space, it remains committed to doing so in a sustainable way. All of its software development efforts are executed in a way which minimizes the carbon footprint on the environment. From its energy sourcing to the third-parties it deals with, every element of Move Digital’s business model is built from the ground up with a sustainable focus. Kristof Schöffling has personally taken this a step further by donating to initiatives which he believes are contributing to a more sustainable and biodiverse plant. Schöffling strongly backs The Animal Fund, a Monaco-based non-profit that focuses on the protection of a vast variety of ocean life. The Animal Fund has been helping protect the Ocean since 2015 and Schöffling’s donation to the fund represents this commitment to maintaining the richness and versatility of our current environment and organisms. Founded by Monaco-based Berit Lagard, The Animal Fund has been extremely active in carrying out high-impact initiatives since its beginning in 2015. The hands-on operation has carried out large-scale waste management and educational programs worldwide which have not only educated the masses but have made a meaningful improvement to the health of our oceans. Schöffling is committed to supporting the Monaco based Animal Fund long-term with both donations and personal assistance. He sees The Animal Fund as the first of many investments and donations which he intends to make in Monaco which he views as a hub for such activities and innovations. Monaco based enterprises and organizations have helped Schöffling minimize the carbon footprint of his own operations at Move Digital and he will continue to work with such enterprises as Move Digital scales and maintains activities which minimize their carbon footprint. Social Links Medium: https://movedigitaltoday.medium.com/ Twitter: https://twitter.com/movedigitalcom Media Contact Brand: Move Digital Limited Contact: Kristof Schöffling Email: hello@movedigital.io Website: https://movedigital.com/ Address: House of Francis, Room 303, Ile Du Port, Mahe, Seychelles SOURCE: Move Digital Limited The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)

Central Agency for Information Technology (CAIT) supports Digital Transformation Kuwait Conference, driving digitalization in line with Kuwait’s Vision 2035

KUWAIT CITY, KUWAIT, Oct 21, 2022 - (ACN Newswire via SEAPRWire.com) - Under the sponsorship of the Central Agency for Information Technology (CAIT), the Digital Transformation Kuwait Conference takes place from the 2nd to the 3rd of November 2022, aiming to provide a national platform for Kuwait's digitalization stakeholders and ICT experts, game changers, leading international solution providers and consultants to discuss the latest plans and innovations in the country's digital transformation journey, global best practices and innovative solutions to overcome challenges faced in achieving a successful and secure digitalization.Haya AlwadaniWith the participation of 250+ IT executives and specialists, the two-day high-level international conference is set to address key advances and pressing challenges in Kuwait's digital transformation journey through a series of insightful presentations and panel discussions from some of the Kuwait's industry leaders. Working to consolidate public and private sector efforts to achieve the Kuwait Vision 2035, investment in Kuwait's ICT market is rising and is expected to reach US$10B by 2024 (Global Data). With access to accurate data, easier and timely communication, efficient services, informed decision making, digitalization transforms how governments and companies run their operations and services.Haya Alwadani, Director General, Kuwait's Central Agency for Information Technology (CAIT) said, "Kuwait's CAIT assumes many responsibilities, most notably, overseeing all IT projects and the mechanisms for pushing forward their development within the government sector. In addition, CAIT implements and activates the e-government project across all government agencies, as well as managing the official electronic portal for the state of Kuwait. CAIT operates with a view to formulating a strategic framework for Kuwait's digital transformation that keeps pace with the progress of digital transformation globally." "Conferences like Digital Transformation Kuwait gives great insights into realities and challenges, which positively reflects on improving the delivery of digital government services and contributes to upgrading of their levels, in order to enhance the efficiency of government performance. CAIT also plays a key role in enabling government entities to migrate to the cloud, powering the country's digital transformation through training IT talent within the public sector. The training component is one of the main tasks that CAIT undertakes through developing Integrated training programs, which enhances skills in national competencies and supports building a balanced digital culture associated with sustainability in its mechanisms," added Ms Alwadani.Ooredoo business, the trusted technology partner for business solutions will participate in the Digital Transformation Kuwait Conference as a headline sponsor. On this occasion Essa Al-Moosa, Executive Director of Business and Consumer Sales at Ooredoo Kuwait, in a statement said, "This sponsorship comes with Ooredoo's strategy of being a leader in digital transformation. At Ooredoo, we aspire to continuously create products and services to enrich the digital transformation journey of our customers. Our efforts go in line with Kuwait's Vision 2035 that aims at strengthening the country's digital infrastructure and achieving digital transformation."Al-Moosa added, "We continuously aim to enrich people's digital lives and keep them connected in this Digital era through the latest connectivity and security innovative solutions that provides businesses with more opportunities to accelerate their digitalization process of their business with the highest levels of security and the latest technologies through cloud and cyber security services. Ooredoo business will continue to provide the best distinguished digital services for companies to enrich their digital lives and enable them to keep pace with the acceleration occurring in the digital transformation."Badih Hakim, SAP Managing Director for Kuwait, said, "SAP's role as Government Digital Transformation Partner for this conference is aligned with our commitment to support Kuwaiti organizations to become intelligent enterprises that consistently apply advanced technologies within agile, integrated business processes. The conference enables us to highlight SAP's comprehensive range of digital solutions that address the main challenges businesses face today, namely, building resilient supply chains, creating sustainable enterprises, and transforming in the cloud. Cloud transformation is particularly important in Kuwait as, in line with Vision 2035, businesses are increasingly keen to embrace cloud solutions at speed. RISE with SAP enables them to accelerate their journey, regardless of size or starting point."Supporting government digital transformation initiatives, the conference key themes will highlight updates on Kuwait 2035 Vision and national digital transformation plan, driving the country's plan to transform into a digital society and economy, driving government performance through digital transformation, building a robust cyber security infrastructure to prevent attacks and protect digital assets.Themes also include Digital transformation in the banking and financial sector, adopting advanced analytics to improve decision making, utilizing cloud computing to improve storage capacity and efficiency, improving healthcare through e-health and remote healthcare services and building Kuwait's national digital capacity and ICT skills.The event will be attended by experts working in areas of Information Technology, Digital and e-Transformation, Technology Innovation, Digital Research and Development, Smart and e-Services, Data Management and Analysis, Data Science, Cloud and Data Storage, New Technologies, HR & Shared Services, Operations, Customer Experience and Service Excellence and Quality.The conference will have high profile attendees from different sectors including Ministries and Government Authorities, National Cyber Security Centers, Banking and Finance, Oil and Gas, Healthcare, Education, Retail, Telecom and Aviation and enhanced networking opportunities with stakeholders.More than 25 experts from several ministries and industries will brainstorm on new ideas and discuss the roadmap for the future of digital transformation of the country to over 250 attendees at the conference.This event is bringing experts together with digital solution providers to discuss the latest developments and best practices for digital transformation to improve operational efficiency. It will help industries involved to get access to key digital transformation stakeholders of ongoing and upcoming projects in Kuwait and get insights into their plans to invest in new technologies and spot opportunities.Press release issued on behalf of GM Events by Coral Coast Public Relations. For press enquiries, please connect with Verna on +971581544378 or verna@coralcoralcoastpr.com / nishrat@coralcoastpr.com. For event enquiries, please connect with Manar Hamadeh on manar@gmevents.ae. More information is available on www.digitaltransformationkuwait.com. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

Central Agency for Information Technology (CAIT) supports the Kuwait Digital Transformation Conference on driving the nation towards digitization in line with Kuwait’s Vision 2035

KUWAIT, KUWAIT CITY, Oct 21, 2022 - (ACN Newswire via SEAPRWire.com) - Under the sponsorship of the Central Agency for Information Technology (CAIT); the Kuwait Digital Transformation Conference takes place from the 2nd to the 3rd of November 2022, which aims to provide a national platform for Kuwait's digitalization stakeholders and ICT experts, game changers, and leading international solution providers and consultants to discuss the latest plans and innovations in the country's digital transformation journey, global best practices, and innovative solutions to overcome challenges faced in achieving a successful and secure digitalization. Haya AlwadaniWith the participation of more than 250 IT executives and specialists, the two-day high-level international conference is set to address key advances and pressing challenges in Kuwait's digital transformation journey through a series of insightful presentations and panel discussions from some of the Kuwait's industry leaders. Working to consolidate public and private sector efforts to achieve the "Kuwait Vision 2035", there is a rise in investment in Kuwait's ICT market which is expected to reach 10B USD by 2024 (Global Data). With access to accurate data, easier and timely communication, efficient services, informed decision making, digitalization can transform how governments and companies run their operations and services.Haya Alwadani, Director General, Kuwait's Central Agency for Information Technology (CAIT) said, "Kuwait's Central Agency for Information Technology assumes many responsibilities; most notably, overseeing all IT projects and the mechanisms for pushing forward their development within the government sector, in addition to implementing and activating the e-government project across all government agencies, as well as managing the official electronic portal for the state of Kuwait. With a view to formulating a strategic framework for Kuwait's digital transformation that keeps pace with the progress of digital transformation globally." "Conferences like Digital Transformation Kuwait gives great insights into realities and challenges, which positively reflects on improving the delivery of digital government services and contributes to upgrading of their levels, in order to enhance the efficiency of government performance. CAIT also plays a key role in enabling government entities to migrate to the cloud, powering the country's digital transformation through training IT talent within the public sector, noting that the training component is one of the main tasks that CAIT undertakes through developing Integrated training programs, which enhances the skills of national competencies and supports building a balanced digital culture associated with sustainability in its mechanisms." She added. Ooredoo business, the trusted technology partner for business solutions will participate in the -Digital Transformation Kuwait Conference - as a headline sponsor. On this occasion Essa Al-Moosa, Executive Director of Business and Consumer Sales at Ooredoo Kuwait in a statement said, "This sponsorship comes with Ooredoo's strategy of being a leader in digital transformation. At Ooredoo, we aspire to continuously create products and services to enrich the digital transformation journey of our customers. Our efforts go in line with Kuwait's 2035 vision- New Kuwait- that aims at strengthening the country's digital infrastructure and achieving digital transformation."Al- Moosa added, "We continuously aim to enrich people's digital lives and keep them connected in this Digital era through the latest connectivity and security innovative solutions that provides businesses with more opportunities to accelerate their digitalization process of their business with the highest levels of security and the latest technologies through cloud and cyber security services. Ooredoo business will continue to provide the best distinguished digital services for companies to enrich their digital lives and enable them to keep pace with the acceleration occurring in the digital transformation."Badih Hakim, SAP Managing Director for Kuwait, said, "SAP's role as Government Digital Transformation Partner for this conference is aligned with our commitment to support Kuwaiti organizations to become intelligent enterprises that consistently apply advanced technologies within agile, integrated business processes. The conference enables us to highlight SAP's comprehensive range of digital solutions that address the main challenges businesses face today, namely, building resilient supply chains, creating sustainable enterprises, and transforming in the cloud. Cloud transformation is particularly important in Kuwait as, in line with Vision 2025, businesses are increasingly keen to embrace cloud solutions at speed. RISE with SAP enables them to accelerate their journey, regardless of size or starting point."Supporting government digital transformation initiatives, the conference key themes will highlight updates on Kuwait 2035 Vision and national digital transformation plan, driving the country's plan to transform into a digital society and economy, driving government performance through digital transformation, building a robust cyber security infrastructure to prevent attacks and protect digital assets.Themes also include Digital transformation in the banking and financial sector, adopting advanced analytics to improve decision making, utilizing cloud computing to improve storage capacity and efficiency, improving healthcare through e-health and remote healthcare services and building Kuwait's national digital capacity and ICT skills.The event will be attended by experts working in areas of Information Technology, Digital and e-Transformation, Technology Innovation, Digital Research and Development, Smart and e-Services, Data Management and Analysis, Data Science, Cloud and Data Storage, New Technologies, HR & Shared Services, Operations, Customer Experience and Service Excellence and Quality.The conference will have high profile attendees from different sectors including Ministries and Government Authorities, National Cyber Security Centers, Banking and Finance, Oil and Gas, Healthcare, Education, Retail, Telecom and Aviation and enhanced networking opportunities with stakeholders.More than 25 experts from several ministries and industries will brainstorm on new ideas and discuss the roadmap for the future of digital transformation of the country to over 250 attendees at the conference.This event is bringing experts together with digital solution providers to discuss the latest developments and best practices for digital transformation to improve operational efficiency. It will help industries involved to get access to key digital transformation stakeholders of ongoing and upcoming projects in Kuwait and get insights into their plans to invest in new technologies and spot opportunities.Press release issued on behalf of GM Events by Coral Coast Public Relations. For press enquiries, please connect with Verna on +971581544378 or verna@coralcoralcoastpr.com / nishrat@coralcoastpr.com. For event enquiries, please connect with Manar Hamadeh on manar@gmevents.ae. More information is available on www.digitaltransformationkuwait.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

Axiata Among First Three Telcos Globally to Achieve TM Forum’s ‘Running on ODA’ Status

KUALA LUMPUR, Oct 14, 2022 - (ACN Newswire via SEAPRWire.com) - Axiata Group Berhad, one of Asia's leading telco groups serving over 163 million subscribers[1], announced today that it had been named by the TM Forum as one of the first three telcos globally to earn 'Running on ODA' status. This award recognises Axiata's architectural shift to the status of an agile Digital Telco driven by its success in building a Telco Operations framework based on TM Forum's Open Digital Architecture (ODA) standards across operating entities in multiple Asian markets.TM Forum announced the industry leaders in ODA deployment at its Digital Transformation World 2022 conference in Copenhagen, Denmark, placing Axiata, Jio and Vodafone Group in the spotlight as the first three telcos globally to achieve ODA deployment at scale.Nik Willetts, Chief Executive Officer of TM Forum, said "The new Running on ODA mark recognises service providers who have demonstrated, through rigorous assessment, their deep expertise and ongoing commitment to the development, use and conformance to ODA. Congratulations to the entire Axiata team on this landmark achievement, which is a clear recognition of Axiata's global industry leadership and execution capability."Central to the impactful and "at-scale" implementation of ODA at Axiata, is the Group's Software Innovation and Digital Transformation unit, ADL (Axiata Digital Labs). ADL, home to 1,300 digital talents located across three of Axiata's key markets has been successful in executing Axiata's ODA journey on an accelerated timeline, placing the Group among global leaders in the sphere of Telco Transformation.Having demonstrated its capabilities, ADL is well-positioned to assist Telco Groups in accelerating their digital transformation journeys. ODA provides a blueprint and common language for reusable cloud native, vendor-agnostic solutions integrated by TM Forum's industry-standard Open APIs, concepts which are closely aligned with the core strengths of ADL.Anthony Rodrigo, Group Chief Information Officer of Axiata said, "By using Open APIs and ODA, supported by the execution capability of Axiata Digital Labs (ADL), Axiata has accelerated our journey towards becoming an agile, end-to-end digital service provider. Along the way, we achieved significant cost savings across the IT stack, digitisation of business processes as well as enhanced responsiveness and velocity with respect to go-to-market initiatives. Furthermore, operationalisation of this architecture has facilitated development of new ways to monetise our technology assets by opening them to developers and partners."TM Forum, the industry association driving digital transformation through collaboration, recently announced a series of milestones in the development and adoption of its ODA and Open APIs. Co-created by over 1,750 professionals from more than 350 TM Forum member companies, ODA defines an industry-agreed set of reusable software building blocks for creating, managing, and securing any digital service. The goal of ODA is to transform the velocity of DevOps teams, enabling them to navigate the journey to cloud-native software to improve time to market, reduce costs and enhance customer experience and partner - at scale.[1] As at 31 December 2021Axiata Group Berhad: 6888 [BURSA: AXIATA], https://www.axiata.com/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

NITDA to host Blockchain Day at Digital Nigeria 2022

LAGOS, NG, Oct 1, 2022 - (ACN Newswire via SEAPRWire.com) - The National Information Technology Development Agency (NITDA), under the Federal Ministry of Communications and Digital Economy, in partnership with Domineum Blockchain Solutions, a leading Distributed Ledger Technology Company in Africa, is set to host a one-day National digital economy awareness event: BLOCKCHAIN DAY will take place on 26th October, during the annual Digital Nigeria International Conference and Exhibition (Digital Nigeria 2022), happening from the 25th to 27th October. An audience of over 2000 Blockchain enthusiasts is expected in Abuja.Digital Nigeria 2022 is taking place at the International Conference Centre in Abuja, Nigeria. The theme for this year's conference is Digital Transformation: A Path to Sustainable Digital Economy, chosen to stimulate discussion on how the economy could benefit from digital technologies to create value. The objective is to Promote digital transformation, Digital inclusion, Emerging technologies, Data Protection, Innovation, and Entrepreneurship in Nigeria.BLOCKCHAIN DAY will focus on scaling the blockchain ecosystem, with opportunities and best use cases from Africa and around the globe. Special focus will be given to Nigeria, a country blessed with talented people and over 200 million potential smart technology experts. BLOCKCHAIN DAY targets hosting 2,000 participants, global speakers, leaders and great personalities in the Blockchain industry. The conference will provide a platform for networking, co-creation and collaboration, sharing experiences, mentorship and knowledge circulation, stimulating conversation on emerging technology and incentives, with experts for tech startups.Mr. Kashifu Inuwa, Director-General of NITDA, said "There are a lot of opportunities in Blockchain, and it is critical in every business. Talent is the human component of technology and innovation, with Blockchain and emerging technologies being about the new solutions they are bringing on board. So, you need to task yourself to know which solutions or offerings the industry requires."Mr. Mohammed Ibrahim Jega, co-founder Domineum said, "Blockchain is a technology that houses Cryptocurrency and other compelling ideas. It is important to demystify it, enable young people to get a proper grasp and expose themselves to this game-changing technology, and to take advantage of the numerous opportunities it presents."Over the past years, emerging economies have leapt to the forefront of blockchain adoption, with Nigeria being one of the frontrunners. The "Giant of Africa," as proudly called, is making great strides in the adoption of blockchain technological innovation. According to a survey conducted by Statista in 2020, 32% of Nigerians have admitted to using or owning cryptocurrencies, the sheer numbers of which are perfect consideration when exploring Nigeria's affinity for taking advantage of blockchain technology. Digital Nigeria International Conference will provide a power-packed agenda and activities such as Keynote Speaking, Panel discussions, Fireside Chat, Training Sessions, Guest Speaking, Presentations, Pitch sessions, Question and Answer Sessions, an Exhibition and Networking, and One-on-one interactive workshop for attendees with global industry leaders.Top speakers at the conference are Inuwa Kashifu Abdullahi (DG NITDA); Prof. Isa Pantami, The Minister of Communications and Digital Economy; Ray Sharma - General Partner, Pacer Ventures; Mr. Mohammed Ibrahim Jega - Co-Founder, Domineum; Ahmed Yousif - Lead, BSV Blockchain; Ray Youssef - Founder and CEO, Paxful; Lorien Gamaroff - CEO, Centbee; James L. Sisneros - Founder & CEO, The Possibility Company; Geoffrey Weli-Wosu - Founder & CEO, Domineum Blockchain Solutions Ltd; Simit Naik - Director, Commercial & Strategy, nChain; Faith C. Titus - Founder & CEO, Sonergy Data Technologies; Dr. Usman Gambo Abdullahi - Director, IT Infrastructure Solutions, NITDA; Dr. Rislan A Kanya - DVC IT Research & Innovation, Baze University; and many others.Online registration for the conference is welcome, visit https://www.digitalnigeria.gov.ng/register/ BLOCKCHAIN DAY is powered by DOMINEUM. For more information, call: +23 490 9557 7775For partnerships and sponsorship opportunities please write to: business@domineum.io Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

Kashifu Inuwa: Putting NITDA on the Cusp of a Revolution

LAGOS, NIGERIA, Sep 29, 2022 - (ACN Newswire via SEAPRWire.com) - Nothing offers a more reliable picture of a country's economic performance better than a periodic assessment of sectoral contribution to Gross Domestic Product (GDP). It's no less so in Nigeria where a report by the National Bureau of Statistics indicates that Nigeria's Information and Communications sector contributed 18.44 percent to the GDP in the second quarter of 2022. The figure was an improvement from the 15 percent performance recorded in the last quarter of 2021.Kashifu Inuwa, NITDA Director-General: "Globally, there is a shortage of talents, so, we are creating a mandate to develop a talent strategy because we have a competitive advantage as a country with our vast human and natural resources. Nigeria can seize the opportunity to fill that gap" [Image: NITDA 2022]A little context will help put the significance of this growth in real perspective. The NBS data shows that the country's Information and Communications sector's contribution trumped the figures recorded by sectoral powerhouses such as Oil and Gas, Manufacturing, Real Estate, and Financial and Insurance. The plaudits - or a huge part thereof - for that sterling performance should go to the Ministry of Communications and Digital Economy, its helmsman Professor Isa Ali Ibrahim and the National Information Technology Development Agency (NITDA), and its steerer, Mr. Kashifu Inuwa Abdullahi.NITDA, as the Federal Government Agency responsible for the development of the Information Technology sector in Nigeria, it is one of the seven agencies under the Ministry of Communications Technology and Digital Economy.NITDA's impressive scorecard could be glimpsed also in how quickly it has been able to develop strategies, to help grow the Nigeria information technology ecosystem in a COVID and emerging post-COVID era. Under its dynamic and innovation-driven Director-General, Kashifu Inuwa, so much has been achieved by the Agency in a short span of three years.The NITDA Director-General, who recently marked three years in office, has gradually realigned and re-positioned the Agency, aiming to grow its capacity to respond adequately to the changing conditions and complexities of a digital economy in a fast-evolving global and local digital market.Milestones achieved under the leadership of Inuwa have been multi-faceted and stand out as bold testaments of his commitment to innovation. Inuwa's vision for NITDA in the medium term is encapsulated in a robust and bold policy framework - the Strategic Roadmap and Action Plan (SRAP, 2021 - 2024), which was launched last year.SRAP is designed to support the even broader, National Digital Economy Policy and Strategy (NDEPS) enunciated by the Ministry of Communications and Digital Economy.The many achievements recorded so far belie the fact that NITDA has implemented SRAP for just one year, a development that Inuwa recalls with an understandable pride: "The first year of implementing the NITDA Strategic Roadmap and Action Plan (2021 - 2024) has been one of deep learning, overcoming challenges and celebrating amazing breakthroughs. Along the way we got conferred with the prestigious National Productivity Order of Merit (NPOM) award, in recognition of our productivity, hard work and excellence in service delivery."In June 2021, the Agency started operating the National Public Key Infrastructure (PKI) with the Key Generation and Handover Ceremony for Root Certification Authority (RCA) for Country Signing Certification Authority (CSCA) and Country Verification Certification Authority (CVCA) of the Federal Republic of Nigeria. The NITDA Director-General remains upbeat about its prospects: "This unprecedented cybersecurity landmark (NDEPS Pillar 6) will not only close loopholes in online activity but significantly reduce system vulnerabilities that are exploitable by threat actors." That was undoubtedly a milestone achievement for Nigeria's digital space.To further close out loopholes in online activity and generate proper accreditation of professionals, the Agency intends to implement seven cybersecurity interventions that are focused on the PKI.A key component of this creative platform is that, it will coordinate the management of the Country Object Identifier (OID), and upgrade the PKI authentication infrastructure, create a PKI Audit requirement for Microsoft onboarding on operating systems, and integrate PKI with major hardware/software vendors. "We will then construct, furnish, and equip two National Cybersecurity Research Centers," Inuwa says.With regard to the expected outcome, Inuwa, reputedly Nigeria's first Cisco-Certified Internetwork Expert (CCIE) public servant, says: "Digitalisation of Government processes facilitates transparency, efficiency, productivity, participation, inclusiveness, cost savings, and competitive advantage, which ultimately translates to social and economic development for a country like Nigeria."He also estimates that the "implementation of Enterprise Content Management (ECM) can save Nigeria N4.5bn annually". For a government determined to curb corruption and cut costs, this is quite significant. Some of NITDA's action plans in the area of regulation and framework development, which are already in the works, include fostering Gender Digital Inclusion, enthroning a seamless e-Commerce environment and enhancing government digital services."In 2022, we are developing the Framework on Gender Digital Inclusion (GDI), with the aim of codifying learning standards for different categories of IT learners, while addressing the wide gender disparities in digital literacy and skill acquisition," he said.He is optimistic that the Guidelines for e-Commerce in Nigeria will provide an enabling framework for e-commerce to thrive and increase online trade's contribution to Nigeria's GDP. Just as crucial, he noted, is the planned development of the "Framework and Regulations for Implementing Government Digital Services (GDS) as a Guideline for Federal Public Institutions (FPIs) to deliver digital services and the Framework for Implementation and Compliance with relevant regulations to ensure compliance with all developmental regulatory instruments such as the NDPR, Cloud Computing, outsourcing, among others".To some, these goals may seem rather grandiose. But Inuwa possesses a tapestry of experience as an IT professional, having worked, and indeed excelled, in highly challenging environments, among which are the Central Bank of Nigeria and Galaxy Backbone Limited. This imbues him with a capacity to sufficiently address current developments and discern the dynamic trends and markets in the IT sector. His deep knowledge of IT trends reflects in the remarkable way he has steered the Agency to address the likely challenges of tomorrow's digital environment.Under Inuwa, NITDA has issued 966 digital tools and supported the development of digital transformation plans in accordance with NDEPS Pillar 5 in 3 states. "These digital tools and expert guide, which are part of our initiative to develop a framework and implementation toolkits for measuring the impact of digital technology deployment in FPIs are already enabling institutions to embark on digital transformation self-assessments," he said, regarding the feat.When Inuwa assumed office as NITDA's Director General in mid-2019, the global Covid-19 pandemic which led to the lockdown of several cities worldwide, including Nigeria, was only a few months away. When it hit the country in February 2020, prompting a government-ordered lockdown in April 2020 which lasted for several months, the Agency initiated and adopted several remote and contactless digital technologies that ensured government machinery kept working throughout the critical period. Inuwa set up a team called Tech4Covid to cushion the effects of Covid-19. This led to the identification of three innovations that helped curb Covid-19 and the establishment of a virtual academy for research and training with over 70 active courses and over 485,000 active students.In the circumstances, Inuwa's leadership and managerial skills which had been honed by several high-level trainings in leadership and management at reputable world-class institutions such as Harvard, Sloan Business School, London Business School, IMD Business School, Oxford University, Massachusetts Institute of Technology and Cambridge University, all came into play, ensuring that critical digital services are being delivered to government and that government can continue to perform its various functions effectively. The same expertise has come into play in his relentless efforts, to transform the Agency into a world class IT Agency.One instance of this transformation is the service delivery. The Director General comments: "In terms of the service contract, we reviewed the existing SERVICOM unit, expanded stakeholder identification, introduced new roles, realigned responsibilities to absorb the changes, created a new identity tagged iServe, and completed a sensitization process with key action points. Today, iServe represents our people first commitment to customer satisfaction through innovation and professionalism as we pursue the digital economy goals."Another key part of NITDA's statutory mandate is massive upskilling and reskilling of Nigerians across all walks of life. NITDA under Inuwa, has trained well over half a million Nigerians in various basic digital skills and literacy, with such diverse backgrounds as junior schoolteachers, traditional rulers, journalists, youth and talent development programme participants, among others.The Agency has embarked on a journey to train 1 Million Software Developers in the next 18 months, in collaboration with global giants such as Microsoft, Google, and other key ecosystem players. "Globally, there is a shortage of talents, so, we are creating a mandate to develop a talent strategy because we have a competitive advantage as a country with our vast human and natural resources. Nigeria can seize the opportunity to fill that gap", the NITDA, DG says, with high optimism.At a higher level, NITDA has awarded over 450 scholarships in IT to deserving Nigerians at the master's degree level, with 42 Phds, in the past few years. Inuwa is delighted with the phenomenal growth of the Nigerian Digital Innovation Ecosystem. Recent large acquisitions such as Stripe's $200 million takeover of Paystack in 2020, the $320 million Main One Ltd take over by US-based Equinix, and Flutterwave's $3.5 billion valuation have proudly spotlighted the country as a notable digital innovation centre in Africa.In the first half of this year alone, Nigeria's Digital technology and innovation startups have raised over one billion dollars in venture capital funding from major Western capital market funds. Notable among them are Sudo Africa, $3.7 million, Casava, $4 million, DrugStoc, $4.4 million, Bamboo, $15 million, Credpal, $15 million, and Reliance Health, $40 million.NITDA itself, has recently facilitated the support of six digital information technology start start-ups to access grants of $120 thousand each, amounting to $715 thousand. The Agency is actively backing several digital innovation hubs and has set up such hubs around the country, including over 150 start ups which it has supported to attend the GITEX global exhibition, World Creativity Challenge, among others.Just the beginning of this year, NITDA facilitated the approval of three Federal Executive Council memos through the Ministry of Communications and Digital Economy, in favour of digital startups. These approvals will incentivise and further harness the country's digital innovation and entrepreneurship ecosystem to create job opportunities for its teeming youth population.Within three years, Inuwa has equipped 160 digital economy centres around the country to further catalyze skills development and digital innovations. According to Statista, 35 million Nigerian internet users will be added by 2026, which is another clear indication of increasingly phenomenal growth in internet adoption and usage in Nigeria.Addressing the recent Ogun State Digital Summit in Abeokuta, on Digital Technologies: Key to Sustainable Development, Inuwa affirms that "Digital Technology innovation is not only booming, but it is also quickly moving towards sustainable solutions, with many of the most promising ideas from businesses worldwide having a clear focus on the environment."An innovation powerhouse, Inuwa would yet, undoubtedly, be pushing forward the boundaries of innovative digital technologies in Nigeria and beyond, in the coming years.Written by Iklima MusaLagos, Nigeria 28/09/2022. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

Mediwelcome Announced 2022 Interim Results

HONG KONG, Sep 23, 2022 - (ACN Newswire via SEAPRWire.com) - A China's leading provider of digital medical service solutions - Mediwelcome Healthcare Management & Technology Inc. ("Mediwelcome" or the "Company", and together with its subsidiaries, the "Group") (Stock Code: 2159), announced the unaudited consolidated interim results for the six months ended 30 June 2022 (the "Reporting Period" or the "First half of 2022"). In the first half of 2022, Mediwelcome has narrowed in revenue and other aspects to varying degrees due to the continuous lockdown in many provinces in response to the severe pandemic in the PRC. In the first half of 2022, Mediwelcome's revenue decreased by approximately 49.2% to approximately RMB172.5 million YoY. Gross profit was approximately RMB17.3 million. During the Reporting Period, the Group's primarily generated revenue from medical conference services, marketing strategy and consulting services, and patient education and screening services, etc.Continuously expanding the medical digital marketing solutions and online healthcare platforms, and striving for digital upgradingAlthough the economic environment is facing great challenges under the epidemic situation, Mediwelcome always insists on continuously expanding and consolidating its integrated healthcare marketing solutions and made a concerted effort to develop its online healthcare platforms and fully implemented digital upgrade for the businesses. During the Reporting Period, medical conference services was the main revenue stream and recorded revenue of approximately RMB111.3 million, accounting for 64.5% of the total revenue. To strengthen the Group's conference management capabilities, Mediwelcome has launched the Conference+ App for medical NGOs and pharmaceutical companies to submit onsite conference requests and monitor conference implementation. In terms of marketing strategy and consulting services, through this service, the Group assisted pharmaceutical companies in formulating and implementing effective business strategies in enhancing their brands and product awareness among physicians. During the Reporting Period, marketing strategy and consulting services recorded revenue of approximately RMB41.3 million, accounting for 23.9% of the total revenue. Patient education and screening services and CRO services recorded revenue of approximately RMB14.3 million and RMB3.7million, accounting for 8.3% and 2.1% of the total revenue, respectively.As of June 2022, the Group has developed and iterated multiple medical digital marketing platforms and products to provide customers with customised medical digital marketing solutions, including the Giraffe Smart Medical Platform, Digital Patient Management Platform, E Conference, Giraffe Live, Deer Class, E Creation, E Insight and other products. As at 30 June 2022, the digital platforms have enrolled 384,965 registered doctor users, held 46,518 online education sessions with doctors and 25,687 online education sessions for patients, livestreamed 4,855 times, with 6,319 videos available and viewed by 1,086,328 visitors.Meanwhile, Mediwelcome has sustained its effort to develop and expand its online healthcare platforms to cater for the increasing needs of various stakeholders in the medical field, including hospitals, doctors as well as pharmaceutical and medical equipment companies. The Group's online healthcare platform, on top of providing doctors and patients with consistent and quality online medical service solutions, has also actively developed products and services of digital management for patients with chronic illnesses in the out-of-hospital context. As at 30 June 2022, the number of its registered doctor and patient users has reached 45,244 and 200,545, representing an increase of 69.9% and 321.2% YoY, respectively. In addition, due to the increase in the number of active patient users purchasing prescribed medicine through the Group's internet hospital platform, revenue from internet hospital services increased by approximately 5.6% to approximately RMB1.9 YoY.Continuously upgrading the digital marketing business, seizing the growth opportunities to create greater valueLooking forward, Mediwelcome will continue to enhance the scale of digital marketing business, and utilize its internal and external strengths and resources and focus more on customer development for digital marketing in the healthcare market. At the same time, the Group will sustain its effort to build a digital platform with precise access targeting doctors and patients, providing customers with integrated digital and intelligent marketing solutions using a digital integrated marketing system synergised by both offline and online channels, so as to create a closed loop for the whole process of digital operation. The Group will continue to upgrade its online healthcare platform and explore the application of AI technology to build a closed-loop business model from inside to outside hospitals. In addition, Mediwelcome will also leverage the favorable health policy environment and its own resources to maintain revenue growth of its professional medicine and marketing services in the traditional cardiovascular and cerebrovascular discipline, with a focus on expanding its business in the fields of oncology and chronic renal diseases to increase the coverage of customers from domestic enterprises.The Group will continue to maintain its business scale in the traditional dominant therapeutic fields, and actively drive innovation in order to seize the opportunities arising from the rapid growth in demand for medical digital marketing and online healthcare for its steady development. While actively generating profits under its efficient operation, the Group persistently expands and develops its business model and scale to create greater value for more customers, doctors and patients. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

G20 Digital Innovation Network (DIN): Catalyst for Digital Economy Growth in Indonesia

Nusa Dua, Bali, Sep 19, 2022 - (ACN Newswire via SEAPRWire.com) - The G20 Digital Innovation Network (DIN) meeting is able to be a catalyst to expedite the digital economy sector development in Indonesia, said Minister Johnny G Plate, Indonesian Ministry of Communication and Informatics (KOMINFO). The event aims to bring together start-ups, venture capital companies, policy makers, as well as leading global technology enterprises, including Google.Minister of Communication and Information Johnny G. Plate delivered his remarks at the opening of the G20 Digital Innovation Network (DIN) forum in Nusa Dua, Badung, Bali, Saturday (September 3, 2022). (ANTARAFOTO/Aditya Pradana Putra/rwa.)"We believe that the DIN event is an important catalyst for the growth of the digital economy by strengthening collaboration among start-ups, venture capital companies, as well as national and international corporations," the minister said in his opening remarks at the inauguration of G20 DIN, a High-level Side Event of the 2022 G20 Digital Economy Working Group (DEWG), in Nusa Dua, Bali.Before the G20 ministers and international organization representatives present, Plate noted the development of the digital economy in Indonesia shows a positive trend. "In 2021, the value of the digital economy in Indonesia reached US$70 billion and it will increase to US$315,5 billion in 2030. This potential is Indonesia's future economy (strength) which is supported by various well-performed start-ups," he said.Plate said that currently, Indonesia has two decacorn start-ups, or companies whose valuations have reached US$10 billion, and more than 10 unicorn start-ups, which have valuations of at least US$1 billion. Plate believes that start-ups play an important role in determining the development of the digital economy sector, both at the domestic and regional levels."I trust the G20 DIN (organizing committee) to carry out this series of meetings and discussions which are expected to encourage various collaborations on digital innovations," Plate stated.The G20 DIN meeting was held in the Bali International Convention Centre (BICC) in Badung District from September 2 to 4, 2022. More than 400 participants attended the event in person, while another 200 participated in the event virtually.Chairperson of 2022 G20 DIN, Sonny Hendra Sudaryana, said at a press conference after the inauguration that the implementation of 2022 G20 DIN would focus on five priority sectors: education technology, financial inclusion, healthcare, supply chain, as well as green and renewable energy.2022 DIN Start-Up Awards Winners:1. Healthcare -- UCARE.AI, Singapore / Neurobots, Brazil2. Supply Chain -- MOOVA, Argentina / Sinbad, Indonesia3. Green & Renewable Energy -- Xurya, Indonesia / Uali, Argentina4. Edutech -- Edubuk, India / Accredify, Singapore5. Financial Inclusivity -- WireBarley, South Korea / Lendo, Saudi ArabiaFavourite Start-Up Winners:1. Healthcare -- NUSANTIC, Indonesia / Qapsula, Russia2. Supply Chain -- Eunimart, India / FairSupply, Australia3. Green & Renewable Energy -- EINHUNDERT Energie GmbH, Germany / MVL Labs, South Korea4. Edutech -- Cakap, Indonesia / Sarente Gameon, Turkey5. Financial Inclusivity -- Komunal, Indonesia / Lendo, Saudi ArabiaG20 Digital Innovation Network: https://g20innovationnetwork.orgSource: DIN, Indonesian Ministry of Communication and Informatics (KOMINFO). Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)