DIGITAL SHADOWS: Response to Major “WannaCry” Ransomware attack

“We have seen ransomware attacks against the NHS in the past including Barts Health Trust in January. However this looks to be more serious and is potentially targeting core systems used by multiple hospitals. Unfortunately the ransomware ‘business model’ is very profitable for cyber criminals and we’ve seen multiple reports of organisations paying out in the past,” said Rick Holland, Vice President, Strategy, Digital Shadows. “Keeping up-to-date with ransomware is not easy, there are many variants. Many do get shut down and their encryption cracked, only for another version to spring up – therefore it’s a constant game of constant cat and mouse. Those within the NHS will now be looking to contain the threat. We can only hope that adequate back up measures have been put in place so that vital data can be restored and systems cleaned. Most ransomware locks data rather than steals it – if that is the case here then the threat can be somewhat contained,” Rick concluded.

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Striking element of development and investment

Development initiatives coupled with investment promotion ideas are the focus for every country development plans particularly to those developing countries such as Ethiopia. In most developing countries new investment policy ideas are emerging pursuing a broader and more organized pro investment policies and environment.

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Togo to Receive 241.5million USD from IMF under ECF.

Togo will receive about US$241.5million from the IMF under the Extended Credit Facility (ECF) – a lending arrangement that provides sustained program engagement over the medium to long term in case of protracted balance of payments problems of the IMF. The fund is provided under a three year arrangement and is expected to be used in support of Togo’s economic and financial reform. In the first phase, the country will receive US$34.5 million while the remaining money will be given out following semi-annual reviews by IMF over the three year period. ECF-supported program aims to reinforce macroeconomic stability and to promote sustainable and inclusive growth. It aims to reduce the overall fiscal deficit substantially upfront to ensure long-term debt and external sustainability; refocus policies on sustainable and inclusive growth through targeted social spending and infrastructure spending that is financially sustainable; and resolve the existing financial sector weaknesses, especially in the two public banks.

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Government of Somaliland and DP World Celebrate 30-Year Concession for $442 Million Port of Berbera

The Government of Somaliland and DP World Group of the United Arab Emirates have celebrated a 30-year concession to develop and manage a multi-purpose port in the commercial capital of Berbera.

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Algeria Recieves Russian industrial gas turbine equipment from UEC

Russian United Engine Corporation , a company offering solutions for development, mass production and maintenance of gas turbine engines for customers engaged in oil and gas, power generation and aerospace, as well as marine and railways, for the first time participates in the 50th Algiers International Fair (FIA–2017) and presents cutting edge products for the oil and gas industry.

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CUSTOMER -CENTRED (B2I) BUSINESS PLANNING

For a while now we’ve been hearing how important it is to be customer-centred particularly for large corporates. Cliché terms such as “customer is king” and “customer experience is the new brand image” come to mind and other concepts such as how “it costs six times the effort to acquire a new customer when compared to keeping an existing one”. From these statements it is clear that the customer has become a very important component of the equation when it comes to running a successful business.

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Zambia’s peasants at risk of becoming squatters on their own land – UN expert warns

The United Nations Special Rapporteur on the right to food, Hilal Elver, today cautioned that many Zambian peasants are at risk of becoming squatters on their own land as Zambia is turned into Southern Africa’s food basket.

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ATI supported USD4 billion worth of trade and investments in 2016 – African countries urged to seek support from the insurer

(L-R) Honourable Henry Rotich, Cabinet Secretary of the National Treasury of Kenya and H.E. Patrice Talon, President of the Republic of Benin

The African Trade Insurance Agency (ATI) (www.ATI-ACA.org), held its 17th Annual General Meeting today. The sustained commodity price decline and current geopolitical uncertainties took centre stage. Meeting participants urged African governments to intently focus on growing intra-African trade and diversifying their economies away from commodity reliance in order to reduce vulnerability to external shocks. With sub-Saharan Africa’s GDP growth rates expected to hit a record low of 1.5% depressed commodity rates are seen to be one of the major drivers with export producers accounting for two-thirds of the region’s growth.

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8th annual API Summit & Expo to Focus on New Avenues for Property Development in Africa.

2016 saw a boom of property and real estate development in many African cities with Mauritius capitalizing on property ownership and expanding the countries per capita wealth. These developments are happening on the fast rise and thus, a need for a sustainable strategy for managing the sector in Africa for a prolonged benefit. On August 24th and 25th 2017, API Events (www.APIevents.com) will be holding the 8th annual API Summit & Expo (www.APIsummit.co.za) in Johannesburg. The 2017 API Summit and Expo promises to delve in-depth into each of these topics, and more, with participation from over 35 countries, 600 delegates and 250 companies, providing insights, thought-leadership and solution-focused tools.

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Mauritius: Country with Highest Millionaire Growth in Africa.

The Oberoi Mauritius

A new analysis from AfrAsia has it that Mauritius is fast rising and has the highest increasing number of millionaires in Africa although South Africa remains the lead country for highest number of millionaires. According to the report, the country experienced an exponential rise in per capita wealth – estimated at around 20 per cent and had the highest wealth per capita in Africa for the year 2016. The estimated value per capita for Mauritius was $25,700 followed by South Africa at an estimated $11,300.

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