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New International Data Corporation (IDC) Technology Spotlight Report Situates Identity Security at the Center of Much-Needed Security Practices

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2 years ago

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International Data Corporation

The overall goal of the report is to help establish a sound privileged access security strategy roadmap for Africa

ATLANTA, United States of America, October 16, 2023/APO Group/ — 

BeyondTrust (www.BeyondTrust.com), the worldwide leader in intelligent identity and access security, today announced the release of a new IDC Technology Spotlight report, “Africa’s Road Map to Identity Maturity and Security Using Privileged Access Controls.” Sponsored by BeyondTrust, this report examines the need for identity-focused security in Africa, highlighting the digital adoption trends that lead to vulnerable business postures and the methods for enhancing security strategies using privileged controls. The overall goal of the report is to help establish a sound privileged access security strategy roadmap for Africa.

In this report, an IDC analyst reviewed key findings from multiple IDC Security Surveys (2022-2023) in addition to IDC’s Worldwide Security Spending Guide (2023) to assess why cybersecurity remains a challenge across Africa. The report also makes recommendations to African organizations on how to get their cybersecurity roadmap aligned with demonstrated threats.

Conclusions drawn from the report indicate that:

  • There is a massive lack of maturity in identity protocols: As the physical demarcation of network perimeters expands, African organizations need to realign their IT security investments in cybersecurity protocols. IT’s focus has not evolved with the threats, and current strategies are now outdated.
  • PAM and Identity security should be at the core of modern security practices: Organizations should focus on creating identity-based perimeters and access-based boundaries. IDC recommends that African organizations start by securing privileged users.
  • Preparation for a breach should always be the main plan: Organizations must be prepared to enforce strong application, password management, least-privileged controls, and just-in-time access policies to prevent phishing-initiated breaches. Most compliance mandates require all privileged access sessions to be monitored and managed and evidence to be maintained.

“More than ever, entities in Africa need to get serious about identity security,” said Shilpi Handa, Associate Director Research — Cybersecurity, IDC. “Investments in identity security in Africa have been low, despite the high rate of curated spear phishing attacks plaguing the continent. In early 2022, when IDC surveyed 209 organizations across Sub-Saharan Africa, just 18% said they were using PAM solutions.”

More than 90% of businesses on the continent were operating without the minimum necessary cybersecurity protocols

Key findings from the report revealed:

Many organizations in Africa are still unprepared for cyberattacks

  • More than 90% of businesses on the continent were operating without the minimum necessary cybersecurity protocols.
  • Only a handful of countries have cybersecurity regulations in place to protect consumers and businesses.
  • Investments in identity security in Africa have been low, despite the high rate of curated spear phishing attacks.
  • Overall privileged access control adoption was surprisingly low. In September of 2022 only 18% of organizations surveyed said they were using PAM solutions, and Multifactor authentication (MFA) adoption stood at a mere 34%.
  • Companies and their employees are not the only ones vulnerable to cyberthreats; individual identity itself is at risk from cyberattack in Africa today.

Phishing is the top threat in SSA

  • Phishing (62%) and insider threats (51%) are among the top 5 threats in SSA.
  • The rate at which phishing is growing in the region is worrisome and likely to become more severe with the increasing adoption of generative AI (GenAI) by hackers.

Zero trust initiatives were ranked second in terms of expected investment

  • Automated response to security incidents is considered to be the most important investment priority (73%) in the next 12-18 months. Zero trust initiatives ranked second (52%).
  • Privileged access management (PAM) and identity and access management (IAM) were key projects on the zero trust journeys of 61% of CISOs in South Africa.
  • 53% of respondents in South Africa regarded cloud entitlement management (or the use of identity-specific tools to monitor/manage entitlements and access to cloud resources) as their second most important cloud investment priority for the next 12–18 months.

“Securing identities and access is critical to combatting today’s cyberthreats,” said Morey Haber, Chief Security Officer, BeyondTrust. “By securing the privileges and access that make compromised identities dangerous, we are empowering organizations to proactively safeguard the critical assets across their estate, even in today’s evolving threat landscape.”

To learn more about the cybersecurity landscape in Africa, or view the recommended approach to Privileged Access Maturity, download IDC’s full report here (https://apo-opa.info/48RrO1h).

Distributed by APO Group on behalf of BeyondTrust.

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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2 days ago

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February 6, 2026

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Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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2 days ago

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February 6, 2026

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CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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2 days ago

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February 6, 2026

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ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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