Africa and Prediction Markets
This i believe in few years will severly impact the African economy in ways we have never seen before. Why? It will be easy for government cronies to bet against known non public information and policies which will shift wealth in an unfair and skewed way because Africa already have a mature gambling epidemic.
This creates a potential regulatory gray area that could have legitimized prediction markets as policy adjacent tools while establishing precedent that information asymmetries matter enough to warrant restrictions.
Tik Tok, Tik Tok, Tik Tok
Private equity software M&A dropped to $50bn in the first five months of 2024, the lowest level since the pandemic, as AI hype deflated valuations and deal-making ground to a halt.
Builders face compressed exit multiples and fewer acquirers with dry powder, while investors holding software portfolios are sitting on underwater positions that may need restructuring or extended hold periods.
I watched MTN data trial session where @Sisi_Yemmie@Fosudo@timi_agbaje@Ebuka@layiwasabi attended. While I understand the challenging environment Telcos operate in Nigeria and Karl Toriola, the CEO's commitment to candor, some areas I'd like to point out.
The OEMs and MTN where trying to suggest that reason data gets exhausted quickly is due to background processes like real time notifications and location ping which is true but 1GB metric measuring and quality in Nigeria is not the same with OEMs and elsewhere. The opaqueness in measurements and subsequent billing is where the issue is especially with failed downloads where subscribers will be ones to pay for it.
Also the part OEMs reps fails to mention (or are unaware) are preinstalled apps (that you can't simply uninstall) under the "security" umbrella which doesn't really serve the sole interest of the device owner. That alone is a big kettle of fish any serious regulator should be taking seriously on an ongoing basis.
NEW: A Bombardier Challenger 601 business jet landed on a road still under construction in Asaba, Nigeria, after a failed approach to Asaba International Airport on Wednesday.
According to the Nigeria Civil Aviation Authority, the aircraft conducted a missed approach at about 7:43 a.m. local time before reportedly landing on a roadway in the Ogwashi-Uku area near Asaba.
The regulator said preliminary findings showed that the aircraft later departed the location and flew back to Lagos without obtaining the required regulatory clearance.
Upon arrival in Lagos, the aircraft was immediately grounded pending the outcome of the investigation, while the flight crew were placed under regulatory review.
The NCAA also announced the suspension of the operator's Permit for Non-Commercial Flight pending further inquiries.
When South African are done believing and finding out that the non citizens are actually not the ones "taking their jobs" or they cause of economic challenges, then they will face and start fighting eachother
AI driven productivity gains are being priced into growth expectations faster than historical evidence supports, with most econometric models showing modest near-term GDP impact despite massive capex spending on infrastructure.
This is getting serious because the disconnect between AI investment levels and measurable output creates capital allocation risk for both public markets and venture funding, while chip cycle dynamics may compress returns on hardware bets before software efficiency kicks in.
Very funny that this guy and his team who barely use their real pictures or videos on Twitter, yes Twitter will simply sit somewhere to decide the algorithms for communities, revenue and engagement for millions of people.
This suggests the way they view/rate users on this platform including paid users. If this guy doesn't work for Twitter, his account follower will barely reach 100.
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NVIDIA he's now released Cosmos 3, an open source multimodal model designed to understand and reason about physical world dynamics, trained on video data to predict how objects and systems behave in real environments.
Builders can integrate video prediction into robotics, autonomous systems, and physical simulations without licensing restrictions; investors see a defensible moat in open models that commoditize inferior alternatives while keeping NVIDIA's inference and chip advantage intact.
I'm thinking, what area will be most important and impact for Africa 🌍?
INEC already confirmed that they gave unauthorised access. Why is @NigBarAssoc silent?
I'm curious, why are Nigerian lawyers not jumping on this one to sue them? At least a team of lawyers do this on the basis of national interest.
@InibeheEffiong@mrfestusogun@chymaker
INDEPENDENT NATIONAL ELECTORAL COMMISSION
PRESS STATEMENT
RE: ALLEGED MISUSE OF AUTHORISED ACCESS CREDENTIALS AND UNAUTHORISED DISCLOSURE OF INFORMATION FROM THE COMMISSION’S CONTINUOUS VOTER REGISTRATION (CVR) DATABASE
The attention of the Independent National Electoral Commission (INEC) has been drawn to allegations currently circulating on social media and in some sections of the media regarding the alleged unauthorised access to the Commission's Continuous Voter Registration (CVR) database and the subsequent publication of information on a candidate in the recent primaries of a political party in the Federal Capital Territory.
The Commission takes this allegation seriously and has immediately commenced a thorough investigation to establish the facts surrounding the incident.
As part of the ongoing Continuous Voter Registration (CVR) exercise nationwide, authorised INEC Registration Officers were granted controlled access to specific components of the CVR system to enable them register new applicants, process requests for transfer of registration and update voter records where necessary. Such access is restricted to official duties only and is withdrawn at the conclusion of the exercise.
The audit trail from the preliminary investigation has enabled the Commission to identify the user account through which the information was accessed. Accordingly, relevant personnel have been questioned, and all units connected with the incident are cooperating fully with the investigation.
The Commission is also examining all technical, administrative and operational factors associated with the matter in order to establish individual responsibility and determine the circumstances surrounding the use of those credentials and identify any breach of internal access-control protocols before taking appropriate action against anyone involved.
Preliminary findings from the Commission's audit trail so far, however, indicate that there was no external breach of the CVR database, no hacking incident, and no unauthorised external access to the Commission's ICT infrastructure. Rather, the information in question was accessed through valid user credentials assigned to personnel participating in the ongoing CVR exercise but released without authority.
The incident under investigation relates to the retrieval of a specific voter record and does not indicate any compromise of the Commission's broader voter registration infrastructure or the personal data of over 90 million registered voters.
The Commission wishes to state categorically that it takes the security, confidentiality and integrity of voter data with the utmost seriousness and remains committed to transparency, institutional integrity, and the protection of voters' personal information.
Furthermore, the Department of State Services (DSS), on its own accord, has commenced an independent investigation into the matter. The Commission will continue to cooperate fully with all relevant security agencies and will not hesitate to refer any person found culpable for appropriate legal action.
Members of the public and the media are therefore urged to disregard unfounded speculations while investigations remain ongoing. The Commission will continue to keep the public informed of its final findings and any measures taken in response to the incident in due course.
Mohammed Kudu Haruna National Commissioner and Chairman, Information and Voter Education Committee (IVEC)
2nd June, 2026
You can tell the person that wrote this doesn't know how computer systems work.
A living person by himself posted unauthorized content and you're saying "alleged" and "no external access" like you're writing to dumb people??
INEC was never independent and it is clear.
INDEPENDENT NATIONAL ELECTORAL COMMISSION
PRESS STATEMENT
RE: ALLEGED MISUSE OF AUTHORISED ACCESS CREDENTIALS AND UNAUTHORISED DISCLOSURE OF INFORMATION FROM THE COMMISSION’S CONTINUOUS VOTER REGISTRATION (CVR) DATABASE
The attention of the Independent National Electoral Commission (INEC) has been drawn to allegations currently circulating on social media and in some sections of the media regarding the alleged unauthorised access to the Commission's Continuous Voter Registration (CVR) database and the subsequent publication of information on a candidate in the recent primaries of a political party in the Federal Capital Territory.
The Commission takes this allegation seriously and has immediately commenced a thorough investigation to establish the facts surrounding the incident.
As part of the ongoing Continuous Voter Registration (CVR) exercise nationwide, authorised INEC Registration Officers were granted controlled access to specific components of the CVR system to enable them register new applicants, process requests for transfer of registration and update voter records where necessary. Such access is restricted to official duties only and is withdrawn at the conclusion of the exercise.
The audit trail from the preliminary investigation has enabled the Commission to identify the user account through which the information was accessed. Accordingly, relevant personnel have been questioned, and all units connected with the incident are cooperating fully with the investigation.
The Commission is also examining all technical, administrative and operational factors associated with the matter in order to establish individual responsibility and determine the circumstances surrounding the use of those credentials and identify any breach of internal access-control protocols before taking appropriate action against anyone involved.
Preliminary findings from the Commission's audit trail so far, however, indicate that there was no external breach of the CVR database, no hacking incident, and no unauthorised external access to the Commission's ICT infrastructure. Rather, the information in question was accessed through valid user credentials assigned to personnel participating in the ongoing CVR exercise but released without authority.
The incident under investigation relates to the retrieval of a specific voter record and does not indicate any compromise of the Commission's broader voter registration infrastructure or the personal data of over 90 million registered voters.
The Commission wishes to state categorically that it takes the security, confidentiality and integrity of voter data with the utmost seriousness and remains committed to transparency, institutional integrity, and the protection of voters' personal information.
Furthermore, the Department of State Services (DSS), on its own accord, has commenced an independent investigation into the matter. The Commission will continue to cooperate fully with all relevant security agencies and will not hesitate to refer any person found culpable for appropriate legal action.
Members of the public and the media are therefore urged to disregard unfounded speculations while investigations remain ongoing. The Commission will continue to keep the public informed of its final findings and any measures taken in response to the incident in due course.
Mohammed Kudu Haruna National Commissioner and Chairman, Information and Voter Education Committee (IVEC)
2nd June, 2026
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