Industry News

Exabeam has announced the debut of LogRhythm Intelligence Copilot, a generative AI-powered capability that provides actionable insights to security teams and accelerates workflows. This release strengthens Exabeam’s position as a recognized innovator, offering true AI to automate cybersecurity while others fail to deliver.

LogRhythm Intelligence Copilot uses purpose-driven AI to assess the nature and impact of a cyber threat and suggest the next measures. The new functionality helps security teams to respond more quickly, think more strategically, and confidently neutralize threats.

Less than 90 days after Exabeam joined forces with LogRhythm, the company released LogRhythm Intelligence to empower self-hosted LogRhythm SIEM customers with machine learning-based AI. Embedded in LogRhythm Intelligence, it delivers automated Threat Summaries, which provide a concise overview of critical detections, categorize threats using the MITRE ATT&CK® framework, and recommend next steps tailored to each case.

Drawing on the success of Exabeam Copilot, the fastest-adopted feature in the cloud-native New-Scale Security Operations Platform, LogRhythm Intelligence Copilot empowers customers with faster threat response, contextual insights, and improved communication of threats. Empowering novice and seasoned analysts alike, LogRhythm Intelligence Copilot is a productivity win for overworked teams.

“While others talk about innovation, we deliver it,” said Steve Wilson, Chief Product Officer at Exabeam. “The cybersecurity industry is flooded with buzzwords and half-baked AI tools that add complexity without solving the problems SOC teams face. Exabeam technology isn’t just about AI for AI’s sake—it’s about delivering real, measurable outcomes. With Exabeam, AI-powered cybersecurity isn’t a pipe dream; it’s a reality—security teams benefit from simplified workflows that produce immediate results, streamlining daily workflows.”

Source: itnewsafrica.com

KCB Bank Kenya, in partnership with Mastercard, has officially released Kenya’s first multi-currency prepaid card. This unique technology is intended to simplify international transactions, allowing clients to spend easily in several worldwide destinations.

This card, designed to address the different demands of students, sports, online shoppers, corporations, and corporations, offers a low-cost way to manage overseas transactions. It makes frequent travelers and global spenders more comfortable by lowering excessive transaction fees.

The card supports 11 major currencies such as Kenyan Shilling, US Dollar, British Pound Sterling, Euro, Swiss Franc, Australian Dollar, Canadian Dollar, Indian Rupee, Japanese Yen, South African Rand, and Chinese Yuan.

Also Read: KCB & Mastercard Unveil World Elite Credit Cards

Angela Mwirigi, Director of Digital Financial Services at KCB Bank Kenya, stated, “The launch of this card marks a significant step in strengthening our long-standing partnership with Mastercard. This collaboration brings together two industry leaders, combining our expertise, innovation, and shared vision to offer exceptional financial solutions that align with our goal of being the bank of choice in Kenya.”

The prepaid feature allows cardholders to load specific amounts, providing better spending control. Users can manage their prepaid balances through a self-serve portal on the website. Real-time exchange rates automatically convert currencies during purchases, eliminating the need for multiple wallets or currency exchanges.

Once enrolled, cardholders will benefit from favorable exchange rates and reduced conversion costs, eliminating unexpected charges and simplifying global spending. The card’s ability to manage multiple currencies removes the need for separate currency accounts or physical cards, ensuring greater convenience and security.

Shehryar Ali, Senior Vice President and Country Manager for East Africa at Mastercard, remarked, “We are excited to partner with KCB Bank Kenya to launch the country’s first platinum multi-currency prepaid card, which offers the highest number of currencies. This historic milestone is a significant step in redefining global commerce. Our solution simplifies cross-border transactions, allowing individuals and businesses to focus on what truly matters. At Mastercard, we are committed to fostering secure, flexible, and accessible payment ecosystems that drive global opportunity.”

Source: itnewsafrica.com

In today’s rapidly expanding technological landscape, AI is no longer an optional investment. Greg Williams, UiPath’s Regional Vice President for South Africa, highlights that artificial intelligence is becoming a crucial aspect of corporate operations across industries, particularly with the rise of agentic automation.

AI-Powered Automation: A Growing Necessity

“AI-powered automation is poised to play an increasingly crucial role in helping South African companies enhance their competitiveness and operational efficiency,” says Williams. He believes that 2025 will see a surge in organizations exploring the opportunities AI presents and developing the necessary capabilities to harness it effectively.

UiPath’s AI and Automation Trends 2025 and State of the Automation Professional Report 2024 show that AI is already making significant strides in automation projects worldwide. In South Africa, PWC reports that 92% of CIOs expect widespread AI adoption shortly, which further underlines the urgency for businesses to adapt.

Despite fears of job losses in labor-intensive economies like South Africa, UiPath’s report reveals that 61% of companies globally have increased their automation workforce in the past year. Moreover, 81% of surveyed companies plan to hire more as automation continues to rise, dispelling common myths about AI replacing human jobs.

The Rise of Agentic Automation

Looking ahead to 2025, UiPath predicts a milestone in the maturity of AI and the emergence of agentic automation. But what exactly is agentic automation?

“Agentic Automation is the next step in AI-powered systems,” explains Williams. “It leverages the power of generative AI (GenAI) to empower agents to analyze unstructured data, recognize patterns, make decisions, and take autonomous actions.” These systems are fueled by large language models (LLMs), GenAI, and large action models (LAMs), allowing for reliable, self-driven operations.

Key Trends to Watch in 2025

UiPath has outlined several key trends for 2025 that will shape the future of AI and automation in businesses:

TREND I. The rapid development of AI agents that autonomously understand, plan and operate within complex workflows.

Prediction: Agent-based AI will allow companies to automate complex processes with minimal supervision, increasing productivity and opening up new opportunities for industry-specific automation solutions.

Preparation: Subject at least one process to agent automation. Passivity stifles innovation, so it is worth joining the pioneers in agentic AI or at least keeping a close eye on their activities.

TREND II. With the development of agent-based artificial intelligence, orchestration is becoming increasingly important.

Prediction: In order to realise the full potential of agentic AI, businesses will need a dynamic infrastructure that enables humans and robots to collaborate with agents. Additionally, it will need to enable their creation, deployment, and monitoring of their activities with transparency and compliance.

Preparation: Create a plan for the introduction and scaling of an agentic AI environment, taking into account the need for human oversight and the role of RPA robots as the ‘hands and feet’ of new agents.

New business strategies

This year’s changes will not only affect the technology behind AI itself but also the ways in which it can be used in a business context. Organisations will rethink how they approach problems such as technology debt or the lack of a concrete strategy when implementing AI, as both the opportunities for its widespread implementation and the costs of falling behind do so too.

TREND III. Executives are disillusioned with spending millions on AI without the expected results. Companies that implement AI without clear strategies to measure and demonstrate ROI will struggle to justify the short-term costs but rue the costs in the long run.

Prediction: Companies need to develop procedures to track and measure the impact of AI on key business outcomes such as productivity, cost savings and revenue growth. The role of business technology providers will also increase. One of the most widespread uses of AI are ‘copilots’, which help employees with various office tasks. These are being developed by major enterprise technology providers such as Microsoft, GitHub and Google and are yielding excellent results. For example, UiPath has created Autopilot for Developers, which reduces automation development time by 75%.

Preparation: A greater focus on AI ROI measurement tools and strategies, a thorough analysis of the company’s use of the technology, and training in the use of embedded tools such as ‘copilots’. With greater integration opportunities and the increasingly autonomous nature of AI, the ROI calculation needs to evolve beyond time savings.

TREND IV. Heads of technical departments are turning to AIOps (Artificial Intelligence for IT operations) tools to streamline operations, automate routine tasks and improve system reliability.

Prediction: As organisations increasingly rely on complex digital infrastructures, many are struggling with technology debt—the cumulative weight of compounding inefficient processes and outdated systems that can slow down innovation or increase the cost of operations.

Preparation: Investing in AIOps can prove invaluable for managing technology ecosystems more effectively. This will reduce short- and long-term technology debt, while freeing up resources to drive innovation.

Regulatory landscape

TREND V. Escalating regulation: global lawmakers are working to control the power of AI.

Prediction: The AI Act introduced by the European Union could result in the first fine related to artificial intelligence. The EU is spearheading the introduction of increasingly restrictive regulations on the technology. This could discourage investment in AI within the EU and stifle growth, or alternatively become a model for legislation in the US, UK and Asia-Pacific, which the AI research communities are still waiting for with bated breath.

Preparation: Implement robust data governance and adequate security measures, prioritise transparency as well as comprehensibility of AI algorithms, and establish clear accountability structures for AI-related decisions.

As AI continues to mature, Williams stresses the importance of proactively embracing agentic automation and other emerging AI technologies. “The future of business is autonomous and intelligent,” he says. “Companies that adopt AI early and focus on building sustainable, transparent AI systems will be better equipped to thrive in the competitive landscape of 2025 and beyond.”

Source: itnewsafrica.com

SC Ventures has partnered with KiyaAI, a digital solutions provider, to develop Akashaverse, an entertainment, social, shopping, and lifestyle hub powered by immersive technology and artificial intelligence.

Akashaverse will investigate immersive and interactive digital environments to change how people perceive and interact with events, e-commerce, and religious tourism—Akashaverse, powered by KiyaAI’s immersive experience platform Bharatmeta.

“Akashaverse intends to transform the way people connect and interact with spaces and services that were previously out of reach,” said Sanjeev Mehta, Founder and CEO of Akashaverse. “Our hub is being designed to enhance engagement and interactions and to enable users to immerse themselves in rich digital environments.”

The platform aims to make traditional experiences more accessible and inclusive by utilizing virtual reality, augmented reality, and artificial intelligence technologies. It allows users to participate in virtual pilgrimages, visit virtual stores, and engage in bespoke events from anywhere with real-time insights on product engagement from customers and enables a new innovative distribution channel for corporate clients through its commercial ecosystem.

“KiyaAI’s immersive UI platform blends real and virtual worlds. It empowers businesses to adopt cutting-edge technology by enabling visualization, online transactions, and interaction with GenAI-driven virtual assistants,” said Rajesh Mirjankar, co-founder, MD & CEO of KiyaAI. “By leveraging its capabilities to integrate with the India Stack, it ensures these solutions work seamlessly within India’s digital ecosystem. This collaboration with SC Ventures reflects our shared vision of leveraging cutting-edge technologies to empower communities and create impactful digital ecosystems.”

Source: itnewsafrica.com

Safaricom announced the official launch of Ziidi MMF in collaboration with two fund managers, Standard Investment Bank and ALA Capital Limited.

The Product allows Customers to control, grow and manage their finances and wealth with free deposits and withdrawals via their M-PESA wallet.

Ziidi MMF is a unit trust, governed by the Capital Markets Authority (CMA) and managed by a group of fund managers. It enables consumers to earn interest by investing M-PESA wallet funds into the Ziidi account, with over KES 2.85 billion in assets under management since its public opening in December 2024.

This money market fund uses the ease of M-PESA to provide clients with a quicker, easier, and more intelligent way to invest and build wealth.

James Wangunyu, SIB’s Founder & Managing Director, said, “We are excited to partner with Safaricom as a fund manager for the Ziidi Money Market Fund. Our commitment to investors is that we will strive to offer them exceptional profits to help them achieve their financial goals. Based on our track record of providing above-market-average returns, I am confident in our ability to deliver this promise.”

“By combining our institutional synergies with Safaricom, we hope to provide an attractive investment portfolio, which will, in turn, enhance financial inclusion among low- and mid-income earners in line with the government’s bottom-up economic transformation agenda,” he added.

Ziidi MMF provides users with visibility into the daily interest rate gained, making investing and growing money straightforward, transparent, and worry-free. Customers can make free deposits to the Ziidi MMF account and withdrawals to their M-PESA wallets with as little as KES 100.

Also Read: Safaricom Launches M-PESA Powered Investment Fund

‘Ziidi MMF represents not just an opportunity for financial growth but also a reflection of Safaricom’s commitment to innovation, responsible investing, and creating long-term value for its investors. This solution ensures that every Kenyan can achieve their financial goals while enjoying the flexibility of managing their investments directly through their mobile devices,’ said Sean Gichuru, ALA’s Chief Investment Officer.

‘At ALA Capital, we believe that success is not just measured by financial returns but by the positive impact we create in our community and the world around us. We are humbled and honored to be a part of this historical journey that aims to provide a unique investment experience’, Mr. Gichuru added.

“Ziidi MMF is part of our continued efforts to diversify M-PESA beyond payments and deepen financial wellness. “Ziidi ni Ziidi” introduces the mindset that a little goes a long way, and any kind of growth is valuable. This empowers people to define prosperity on their terms and make wealth creation achievable to all,” said Dr. Peter Ndegwa, CEO of Safaricom PLC.

“As we launch Ziidi MMF, we are making an invitation to every Kenyan, irrespective of their financial standing, to take the first step towards wealth creation. Together, let’s embrace this responsibility and let Ziidi MMF be the catalyst for a future where every Kenyan has the means to wealth creation in their own way,” concluded Dr. Ndegwa.

Source: itnewsafrica.com

A ByteDance board member told Caixin Global the company hoped to find an alternative to selling its US TikTok assets while allaying national security concerns, with the aim to keep its presence in the country.

William Ford, chair of private equity company and ByteDance shareholder General Atlantic, told Caixin Global he is optimistic discussions between the US and China would result in a deal in which the company does not have to sell its stake.

Ford noted a number of alternatives are being considered to allow the platform to continue to operate, suggesting a change of control may be viable.

He added talks between US President Donald Trump and China President Xi Jinping have created a more constructive environment, raising hopes of a positive outcome.

President Trump gave TikTok 75 days to line up a US partner and previously suggested a joint venture could be established in which the nation would hold a 50 per cent stake.

US legislation passed in early 2024 banned the service unless a local buyer was found.

The ban was due to go into effect on 19 January.

SensorTower data showed TikTok US drives 88 million hours of consumer engagement per day, about $2 billion in spending each year and the platform holds an 8 per cent share of the digital advertising sector.

Source: Mobile World Live

His Excellency John Dramani Mahama has appointed Rev. Ing. Edmund Yirenkyi Fianko as the Acting Director General of the National Communications Authority (NCA).

This marks a historic moment for the Authority, as it is the first time a Director General has been appointed from within the organization.

Rev. Ing. Fianko is an electronic communications engineer with over twenty (20) years of expertise in radio frequency spectrum management, telecom and broadcasting regulation, policy formulation, change management, ICT industry research, writing, publishing, teaching, and public speaking.

In 2022, he was elected to the prestigious Radio Regulations Board (RRB) by Member countries of the International Telecommunication Union (ITU) to serve the global radiocommunications community for a four-year term (2023–2026).

Since joining the NCA as a National Service Person in 2004, Rev. Ing. Fianko has risen through the ranks and was confirmed as the Director for the Engineering Division in January 2024. In this role, he has led teams to plan, administer, manage, license, and monitor radio frequency spectrum for telecommunications and broadcasting services in Ghana. He has also served as Chairman of the Significant Market Power (SMP) Operations Team.

Rev. Ing. Fianko has chaired and also served as a member of several Technical and Regulatory Committees that have shaped industry standards, guidelines, and procedures. Internationally, he has played a significant role in organizations such as the African Telecommunication Union (ATU), the Regional African Satellite Communication Organization (RASCOM), the ITU Policy and Regulation Initiative for Digital Africa (PRIDA) and the Economic Commission of West African States (ECOWAS) Commission. His work has also benefited neighbouring countries such as Benin and The Gambia.

Additionally, Rev. Ing. Fianko spearheaded Ghana’s transition from analogue to digital broadcasting and served as Secretary to the Digital Broadcasting Migration Committee (DBMC) from 2010 to 2016. His contributions include developing DTT receiver specifications, which were later adopted as ECOWAS standards.

He holds a first degree in Electrical/Electronic Engineering from Kwame Nkrumah University of Science and Technology (KNUST), a Masters in Communications Management from Buckinghamshire New University, England, and an MPhil in Applied Business Leadership and Management from Universidad Católica de Murcia, Spain.

Rev. Ing. Fianko is a member of the Ghana Institution of Engineers (GhIE) and the Institute of Electrical and Electronics Engineers (IEEE). He is also a Minister of the Methodist Church Ghana, a published author, and the founding leader of the evangelistic outreach ministry, Nkwa.Life.

With a proven track record in technology regulation, leadership, and innovation, Rev. Ing. Fianko brings a wealth of experience to the NCA and is expected to lead Ghana’s communication industry into a new era of growth and technological advancement.

He succeeds Dr. Joe Anokye, as the Acting Director General of the NCA.

Source: info@nca.org.gh

Ericsson reported a strong finish to 2024, with fourth-quarter sales and profit higher thanks largely to growth in North America. As a result, the company increased its dividend, despite lower results for the full year. Ericsson said it sees signs of the RAN market stabilising, and it will focus further on efficiency measures to maintain margins in the new year. 

Quarterly revenues rose 1 percent year-on-year to SEK 72.9 billion and improved 2 percent on an organic basis, the first growth in two years. This was driven by the main Networks division, where sales were up 5 percent on an organic basis. Network sales jumped 70 percent in North America, on spending by large customers like AT&T and year-end software demand, and were also up 2 percent in the market area Europe and Latin America, helped by market share gains in Europe. 

Sales in the Enterprise segment were still down 7 percent, as Vonage continues to struggle, while revenue from Cloud Software and Services was stable. Ericsson also got a big boost in IP revenue after recovering back fees in a new licensing deal, with total IPR revenue rising to SEK 3.5 billion from SEK 2.7 billion. 

Rising margins, higher cash flow

A favourable product mix helped the adjusted gross margin improve to 46.3 percent from 41.1 percent a year ago. This led to a 25 percent increase in adjusted EBITDA to SEK 10.2 billion, for a margin of 14.1 percent. The bottom line was a net profit of SEK 4.9 billion, up 43 percent year-on-year.

Over the full year, Ericsson did less well, with revenues down 6 percent to SEK 247.9 billion, an adjusted EBITA margin of 11.0 percent and net profit of just SEK 0.4 billion, compared to SEK 26.1 billion in 2023. Nevertheless, free cash flow improved strongly, helped by supply chain structural improvements and contract phasing, leading to an inflow of SEK 40 billion before M&A. As a result, Ericsson raised the annual dividend to SEK 2.85 per share from SEK 2.70 a year earlier. 

Outlook mixed

For 2025, the focus on APIs and programmable networks remains, with hope this will generate a new growth engine in the face of a largely flat traditional RAN market. Ericsson said it will also work on improving the commercial performance at the Enterprise division, after no improvement in the losses there in Q4, with growth sought in areas such as mission critical and enterprise private networks.

For Q1, Ericsson forecast results in line with seasonal trends for its main divisions. 

Source: telecompaper.com