TechCabal

In today’s rapidly evolving financial landscape, the lending industry has witnessed a significant transformation, driven by innovative fintech companies. One such remarkable player that is about to  revolutionized the loan sector is SeedFi, a digital lending platform committed to enhancing financial access, promoting responsible lending practices, and fostering financial literacy. In this article, we delve into the insights shared by Pelumi Alli, and Samaila Dogara, the co-founders of SeedFi, as they discuss the company’s journey, mission, and vision, as well as commitment to data-driven lending and customer-centricity.

A Journey Rooted in Financial Expertise

Pelumi Alli, also the CEO of SeedFi, brings to the table a wealth of experience in the banking and digital finance sector. With over a decade of experience and background in Computer Science and Business Information Systems, he, just like Dogara, held pivotal roles in renowned financial institutions, including Sterling Bank. His extensive experience in digital and operational risk management laid the foundation for SeedFi’s data-driven approach to lending.

Samaila Dogara is a highly motivated and experienced banker with over 8 years of experience in the tech industry. He has a Bachelor of Science degree (B.sc) in Finance and Investments from Ahmadu Bello University, Zaria and is passionate about using technology to solve real-world problems.

Addressing Lending Industry Challenges

The Nigerian lending landscape has faced several challenges, such as limited access to formal credit, lack of financial education, and a dearth of trust in the financial system. In a country where only 33 percent of the adult population are active borrowers, SeedFi aims to mitigate these issues through a multi-pronged approach:

Expanding Credit Access: SeedFi targets peri-urban populations, small business owners, artisans, and others who lack traditional collateral or credit history required by traditional lenders.

Providing Financial Education: SeedFi educates borrowers on building a strong credit profile, managing personal finances, and offers flexible repayment structures.

Leveraging Data: SeedFi App uses innovative credit scoring models that assess creditworthiness, providing loans to individuals and businesses with limited or no formal credit history.

According to Alli, SeedFi’s vision is a world where access to credit and financing empowers young Africans to pursue their dreams and SeedFi seeks to achieve this through the provision of flexible, convenient, and affordable digital lending solutions tailored to meet the unique needs of its customers.

SeedFi seeks to stand out among peers in the digital lending space through several features:

Reducing Principal Balance: SeedFi reduces principal balance interest calculation, ensuring customers pay less in interest charges with each repayment.

Loan Rescheduling: Customers can reschedule loan repayment dates for added convenience.

Group Lending: SeedFi’s cluster feature allows group loans, promoting accountability among members and helping maintain good credit scores.

Educational Resources: SeedFi offers comprehensive FAQs and a knowledge bank to assist users in navigating its app and accessing information about its products.

Embracing Regulatory Compliance and Data Privacy

On regulatory compliance, Dogara said SeedFi places a strong emphasis on adhering to relevant financial regulations and safeguards, including approvals from the Federal Competion and Consumer Protection Council (FCCPC), Nigeria Data Protection Regulation (NDPR) compliance, and data audits with DataPro. Moreover, the company prioritizes customer data privacy and security, ensuring that sensitive information is protected in accordance with its privacy policy.

Responsible Lending Practices and Financial Literacy Promotion

SeedFi maintains transparency and integrity by presenting terms and conditions clearly, avoiding hidden fees, and providing customers with a clear loan breakdown. The company also offers a loan rescheduling option which allows borrowers reschedule their payment for by up to 2 weeks, to match their cashflow timing.

Alli asserts that the company supports financial literacy by sharing educational content through its social media platforms and its knowledge base. This empowers users to make informed financial decisions, better manage their credit profiles, and improve their financial well-being.

Adaptability, Future Expansion and Growth

SeedFi relies on data-driven insights to remain adaptable to changing customer needs and evolving industry trends. The company’s focus on leveraging data enables it to maintain a competitive edge in the digital lending space.

Its long-term plans include expanding its offerings to include mid to long-term funding solutions for business and corporate entities, addressing operational needs and projects.

The future of the sector is bright as the lending industry is undergoing a significant transformation, with fintechs playing a pivotal role. As digital financial services gain popularity, the demand for flexible, transparent, and data-driven credit solutions is on the rise. SeedFi is poised to thrive in this evolving landscape by leveraging its data-centric approach and customer-centric vision.

Conclusion

SeedFi, under the leadership of Pelumi Alli and Samaila Dogara seeks to be the game-changer in the lending industry by addressing the challenges faced by borrowers and lenders alike through data-driven solutions, transparency, and financial education. 

With its commitment to responsible lending practices and a customer-centric approach, SeedFi is not only transforming the lending sector but also paving the way for a more financially inclusive future for Africans.

PHD Media, one of the world’s fastest growing media and communication agency networks, and part of the Omnicom Media Group has launched an innovative proprietary cloud-based media data tool, Ocular, that answers age-long questions that clients have asked around the recency of the data used in the industry.

Ocular, the result of two years of continuous research aimed at closing some of the gaps that exists within the current industry tool, with unparalleled features that surpass what already exists within the sector, was launched at a well-attended stakeholder’s event at the Lagos Marriott Hotel, Ikeja, Lagos, on Tuesday, 7 November 2023.

The Managing Director of PHD Media, Mr. Dozie Okafor, said with Ocular, powered by 2,800 active respondents surveyed daily, businesses can glean insights into consumer habits and lots more to help make better decisions for their marketing activities. He said Ocular is designed to be a seamless tool such that it is accessible on devices and smartphones, with the ability to collect responses from respondents using Short Message Service (SMS), Mobile web and APP.

Okafor stated that surveys currently cover seven key markets with an ongoing commitment to quickly scale this up to include more markets over the coming months as subscriptions increases.

On the unique features, the PHD Media honcho explained that a client can deploy custom surveys relating to its business anytime on the platform, and can analyse not just the product/services, but can leverage the deep insights on the platform to also look into consumer habits.

“Parameters like social media and internet, video-on-demand, and any new trend can be added to it. There are also bespoke capabilities to enable clients to conduct focus groups, dipstick research, as well as other services relating to their businesses, and quickly,” he explained. 

Features available in the cutting-edge solution which are currently in others include audience demographics, audience profiling, psychographic analysis, product usage and consumption analysis, and media consumption habit analysis.

The different features are real-time data, bespoke surveys, qualitative audience surveys, brand health checks, ad (asset) testing, and Client access to a real-time dashboard.

On her part, the Research Lead at PHD Media, Mrs. Cornelia Babatunde, pointed out that clients can conduct pre-campaign, during-campaign, and post-campaign surveys with Ocular, likewise dive deeper into an understanding of consumer behaviour using the Market Research Online Community (MROC) feature.

Also, at the launch were panel discussions involving the Digital and Media Manager West Africa, Pernod Ricard, Ojie Arthur Ehianeta; Marketing Lead Nigeria, Lipton Tea and Infusions, Motunrayo Babalola; Head of Marketing, Kingmakers, Oludare Kafar; Media Manager, West Africa, Unilever Nigeria, Oge Maduagwu; and Head of Marketing, HPZ – Haier Thermocool, James Odejimi; who stated that the introduction of Ocular was timely, as it encompasses the data required by companies to improve their business advantageously. 

According to Motunrayo Babalola, data helps in understanding, planning, and evaluating issues relating to the implementation of set objectives. Ojie Arthur Ehianeta said PHD is in the right direction with Ocular and that if the data is gotten right, Ocular should be extended to the rest of the industry and not just be a PHD tool; while Oludare Kafar stated that data helps in making informed decisions and enables the benefits of investments. James Odejimi averred “Data gives us insights into what we do.” Others affirmed that real-time data is crucial for the growth of any sector, and they all applauded PHD Media for the novel innovation embedded in Ocular.  

PHD is known globally as an innovator in communications planning and buying across broadcast, print, digital, mobile, social, and emerging media. 

PHD’s performance at the 2023 Pitcher Awards is evidence of the agency’s outstanding commitment for strategic planning and innovation, having secured an impressive tally of ten awards.

To get more update on PHD visit https://www.phdmedia.com/nigeria/, follow on Instagram @phdnigeria, and LinkedIn @PHD Media Nigeria. 

In a move to tackle the youth unemployment crisis in Africa, Pluralcode, one of Nigeria’s largest tech schools, unveiled its ambitious ‘School of Digital Economy’. This groundbreaking initiative seeks to equip 2 million young Africans with the modern skills needed to thrive in today’s dynamic job market.

The Looming Crisis: Youth Unemployment in Africa

According to the National Bureau of Statistics (NBS), as of the fourth quarter (Q4) of 2022, Nigeria, the most populous country in Africa, faced a youth unemployment rate of 33.3%, with underemployment among young Nigerians reaching 22.8% in the same period. Leaving many in a precarious position. This reality underscores the formidable challenge young individuals encounter in their quest for financial stability.

Beyond Nigeria’s borders, global work opportunities are evolving rapidly. The gig economy, which includes freelance and short-term contract work facilitated by online platforms, has gained substantial momentum. In 2021, approximately 36% of the U.S. workforce participated in gig work, showcasing a shift towards more flexible employment models. Moreover, remote work has become increasingly prevalent, with 41.8% of the American workforce operating remotely full-time in 2021, according to a report by Upwork.

Education and Digital Skills: Bridging the Divide

In Nigeria, there is a growing gap between traditional systems of education and the skills demanded by today’s job market. According to UNICEF, about 10.5 million Nigerian children were out of school as of 2019, making it one of the highest out-of-school rates globally. 

Furthermore, those who graduate often find themselves lacking in the modern skills required to create wealth and participate in the global talent markets of today. This mismatch has created the need to acquire digital skills. Proficiency in areas such as digital marketing, programming, data analysis, and content creation has become instrumental in securing meaningful work. Bridging this gap is imperative for the future prosperity of Africa’s youth and the economic development of the continent.

Empowering Africa’s Future Leaders

In response to this pressing need, Pluralcode, led by visionary CEO Nduka Ukpabi, is launching the ‘School of Digital Economy.’ This initiative aims to empower 2 million young Africans, including aspiring entrepreneurs and youths, with the skills needed to navigate the evolving job market. With a wealth of experience in the tech industry and a deep commitment to empowering Africa’s youth, Pluralcode envisions a continent where every young person has the opportunity to thrive and create wealth for themselves through skill acquisition and proper market positioning.

In the words of CEO Nduka Ukpabi, “We believe that by empowering young Africans with the right skills, we are not only shaping individual destinies but also contributing to the economic prosperity of our continent. Gone are the days when you needed a fancy degree in order to make something of yourself. Today, with a laptop, a mobile phone and the right skills, any young person will be able to generate income from the comfort of their homes, and that is what we want to do for 2 million young Africans by 2028.“

Pluralcode’s ‘School of Digital Economy’ promises a diverse range of courses, including:
Tech Sales

Content Creation

Creative Design

Motion Graphics

AI Mastery for Professionals

Freelancing

Ecommerce

Virtual Assistant

Growth Hacking

No-Code Website Design

Ethical Hacking

Community Development

Financial Markets Trading etc

Click here to get more information about this from Pluralcode’s website.

Transforming Lives, One Skill at a Time

As the ‘School of Digital Economy’ takes its first steps towards transforming the lives of 2 million young Africans, the impact of this initiative is poised to reverberate across the continent. Through the power of education and digital skills, Pluralcode is paving the way for a brighter, more prosperous future for Africa’s youth.

Nairobi, Kenya, 2023, Africa Tech Summit Nairobi has announced a headline partnership with pioneering Nigerian fintech Raenest aimed at fostering innovation, growth and collaborations within the African tech ecosystem. 

The sixth edition of Africa Tech Summit Nairobi – powered by Raenest will take place on February 14th and 15th2024 at the Sarit Centre Expo in Nairobi, connecting over 1000 African and international industry leaders, investors, and startups from across the African tech ecosystem. 

Raenest has been at the forefront of streamlining global financial operations for African remote workers and startups. Leveraging its digital platform, Geegpay, African talents can create USD, GBP, and EUR virtual bank accounts and accept payments worldwide.

Victor Alde, CEO and Co-Founder of Raenest expressed enthusiasm about the collaboration, stating: “We are thrilled to be the main sponsor of next year’s Africa Tech Summit in Nairobi, a platform that showcases African innovation and excellence. At Raenest, our mission is to support progress and growth. Our products, Raenest and Geegpay, reflect this commitment by providing a seamless way for businesses and freelancers in Africa to manage their global receivables and expenses. We believe that Raenest and Geegpay will enable entrepreneurs and professionals to thrive and access global opportunities, and we are excited to be a part of this exciting journey.”

Building on the success of the last two sold-out editions, Africa Tech Summit Nairobi 2024 will feature four tracks: Africa Money & DeFi Summit, the Africa Climate Tech & Investment Summit, the Africa Startup Summit, and the Africa Mobile & App Summit.

Africa Tech Summit Nairobi features a diverse agenda of fireside chats, panel discussions, keynote addresses, and masterclass sessions providing a platform for knowledge sharing and exclusive networking opportunities. With over 1300 delegates and 729 companies from 59 countries attending the fifth edition, the summit has evolved into one of the industry’s largest and most energetic gatherings of the African tech ecosystem.

Commenting on the partnership, Andrew Fassnidge Founder of Africa Tech Summit said “We are delighted to announce Raenest as the headline partner for the sixth Africa Tech Summit Nairobi in February 2024. Our vision for ATS has always been to help tech ventures connect and grow both across the continent and beyond, so we are excited to partner with Raenest, who strive to help ventures grow their global financial operations. Africa Tech Summit Nairobi powered by Raenest will continue this mission together.”

Register for early bird tickets here

About Africa Tech Summit Nairobi

Africa Tech Summit Nairobi (ATSNBO) is a leading African tech event providing insight and networking with the African tech ecosystem. ATSNBO brings together tech leaders, MNOs, banks, international investors, entrepreneurs, governments, trade bodies, media and leading ventures to drive investment and business in African tech.https://www.africatechsummit.com/nairobi/

About Raenest

Raenest is a global account receivable and expense management solution for businesses in Africa. The platform offers a seamless approach to overseeing global multi-currency cash flow, ensuring speed, and efficiency, and reducing cost throughout the process. Raenest automates invoicing processes and seamlessly integrates with accounting software, guaranteeing error-free and effortless reconciliations.

About Geegpay

Geegpay simplifies the process for freelancers, creators, solopreneurs, remote workers, and independent contractors to create foreign virtual bank accounts in USD, GBP, and EUR, enabling them to seamlessly receive payments from across the globe. Additionally, Geegpay offers a virtual USD debit card for managing international expenses. Geegpay is a product developed by Raenest, Inc.

FOR MORE INFORMATION:

Email: register@africatechsummit.com

Social:

Twitter: @AfricaTechSMT

LinkedIn: Africa Tech Summit

Instagram: ATS Instagram

Facebook: Africa Tech Summit HQ

…Opens Enrolment Portal

Nigerian tech incubation platform, Instig Labs, has teamed up with leading open-source investment research software platform, OpenBB, and quantitative asset management firm, Pav Finance, to provide free investment research training for intending financial analysts. The project curriculum involves five weeks of intensive online training by seasoned facilitators. It commences November 6th 2023 with online classes on the fundamentals of finance.

 Interested participants are to register free via this link: https://meet.zoho.com/LXeNnmkfiJ. 

According to Michael Osumo, Program Manager at Instig Labs, the program is designed to help participants conduct investment research using Python and OpenBB, an open-source platform for financial data analysis.

“The Python curriculum is based on the JP Morgan Chase Python training program. Participants will learn how to use Python to access, manipulate, analyze and visualize financial data from various sources, such as stock prices, earnings reports, financial statements, macroeconomic indicators and more,” said Osumo.

Didier Lopes, founder of OpenBB, has a vision to make investment research accessible to everyone. Together with his innovative team, they have built OpenBB terminal into a collaborative platform for financial analysis. With the rise of AI, they have built AskOBB which allows the use of natural language for data retrieval and integrated TimeGPT – the first generative AI model for temporal data from Nixtla. While the company continues to innovate, Didier maintains the vision of OpenBB as “an open-source ecosystem to democratize investment research”.

Kalu Arunsi, Quant Researcher & Strategist at PAV Finance, believes in the increasing impact of data and technology on finance.

“PAV is a hedge fund startup that utilizes data, math and good old engineering to create above-market returns while trading and investing for its clients,” said Arunsi, who is also a facilitator in the upcoming investment research training.

Arunsi added that, “with useful data and the techniques and technology to analyses them, we can achieve amazing results in terms of accurate insights that will guide our financial decisions.”

Paul Onyeka, another facilitator in the program who is an ex-banker, said the digital technology skills will provide a huge advantage for those who are already in finance and business-related fields.

“There are few tailor-made curricula for finance professionals transitioning into tech. It is either it is wholly finance or technology, not the combination. This free program provides an ample opportunity to maximize this advantage.” Said Onyeka, who will be teaching the basics of economics, finance, and accounting. 

About Instig Labs

Instig Labs is a business incubation platform that provides a watering bed for pre-seed African startups in the tech space through various support systems. Pan-African, sector agnostic, and technology-focused, it aims to facilitate investment funds for at least 10 startups and create over 200 jobs by the end of 2024. Instig Labs is an initiative of The Adrenalina.

Media Contact

Ayodele Arowosegbe

08083994570

As the year comes to a close, Xiaomi, a pioneer in the world of tech innovation, has delivered a spectacular year-end surprise for its devoted users and tech enthusiasts worldwide. The stage is set for the unveiling of the brand-new Redmi 13C, a device that promises to redefine what’s possible in the world of smartphones. With a powerful arsenal of features and an exquisite design, it’s poised to be the ultimate gift for this Ember season.

Immersive Visuals

The Redmi 13C boasts a remarkable 6.74-inch immersive display that will transport you to a world of vivid colors, sharp details, and unmatched clarity. Whether you’re gaming, streaming your favorite content, or simply browsing the web, this display is designed to provide an extraordinary visual experience.

Power That Keeps You Going

The Redmi 13C is equipped with a robust 5000mAh battery, ensuring that your smartphone keeps up with your fast-paced lifestyle. And when it’s time to recharge, the 18W fast charging support means you won’t be tethered to an outlet for long. It’s a true testament to Xiaomi’s commitment to user convenience.

Triple Camera Marvel

In the era of smartphone photography, the Redmi 13C emerges as a true contender. With a 50MP triple camera system, it opens up a world of creative possibilities. Whether you’re capturing a stunning landscape, a close-up portrait, or low-light scenes, the Redmi 13C’s camera system is your perfect companion. Expect breathtaking detail, vibrant colors, and impressive clarity in every shot.

Performance Powerhouse

Under the hood, the Redmi 13C is equipped with the MediaTek Helio G85, ensuring swift performance and the ability to handle any task with ease. Its range of configurations, including up to 16GB RAM, caters to a wide spectrum of user needs. From the standard 4+128GB variant to the robust 8+256GB option, there’s a choice for everyone.

Elegant Choices

Xiaomi understands the importance of personalization, and the Redmi 13C is available in a range of captivating colors. From the midnight color that exudes sophistication to the navy blue, clover green, and glacier white, there’s a shade to match your unique style.

Revolutionary Experience

The Redmi 13C is not just a smartphone; it’s a revolutionary experience. Xiaomi has left no stone unturned in ensuring that this device caters to the needs and desires of modern users. Whether you’re looking for stunning visuals, high-end camera capabilities, or a sleek and powerful device, the Redmi 13C delivers on every front.

As we approach the Ember season, where celebrations and festivities are in full swing, Xiaomi’s Redmi 13C emerges as the perfect gift, whether it’s for yourself or a loved one. It embodies the spirit of giving and receiving, making every moment captured and shared even more special.

In conclusion, Xiaomi’s year-end launch of the Redmi 13C marks a high point in the tech world’s calendar. With its unparalleled camera, sleek design, and robust performance, it’s a game-changer in the smartphone market. So, are you ready to embark on a new era of smartphone innovation? The Redmi 13C is here to lead the way, offering an exceptional experience and proving itself as the ultimate Ember season gift.

Ventures Platform, a leading African venture capital firm, announced its inaugural Africa Prosperity Summit (APS) set to take place on November 16, 2023, in Lagos, Nigeria. This invite-only event will bring together a constellation of partners, selected venture capital investors and fund managers, family offices, Development Finance Institutions (DFIs), fund of funds, regulators, government officials, thought leaders and founders committed to driving sustainable prosperity across the African continent.

Despite today’s challenges, Africa is on the cusp of a transformative economic shift, and APS aims to provide a dynamic platform to explore, discuss, and stimulate solutions for harnessing the continent’s immense potential. The theme of this inaugural edition is “Economic development through innovation: the role of innovators, private capital, development partners and regulators”. It will delve into critical topics, including climate innovation investment initiatives, regulation as an enabler and barrier to innovation, and the imperative of gender representation, which are all central to Africa’s equitable growth. It will also feature expert led workshops covering important technical gaps across the ecosystem. The summit will serve as a catalyst for nurturing homegrown capacity, inspiring global partnerships, and paving the way for a prosperous African future.

Dotun Olowoporoku, the firm’s General partner said, “The Africa Prosperity Summit is a pivotal moment in our collective journey to transform the African landscape. Our goal for APS is to facilitate powerful conversations and actions that will drive innovation and prosperity across the African continent. We firmly believe that by investing in market-creating innovations, we can catalyze sustained economic development. This approach will not only generate jobs, profits, and returns but will also elevate nations to greater economic stability and growth, but we cannot do it alone which is why we are convening this summit for the ecosystem”

As the host of the Africa Prosperity Summit, Ventures Platform demonstrates its unwavering commitment to fostering innovation, empowering African startups, and building a thriving ecosystem. 

APS will feature an impressive lineup of speakers and thought leaders who have made substantial contributions to various sectors of the economy. The summit provides a unique opportunity to connect and collaborate with these pioneers who are transforming the African landscape. Ventures Platform believes in the potential of the continent and aims to create an ecosystem where entrepreneurs and investors come together to shape a brighter future.

For inquiries, invitation requests, and more information, kindly reach out to us at www.africaprosperitysummit.org/contacts

This event is proudly sponsored by; Africa Grow, AWS, QED Investors, Sterling Bank and Digital Africa

– About Ventures Platform –

Ventures Platform is a pan-African discovery fund that invests early in mission-driven founders who are building capital-efficient and market-creating innovations that democratize prosperity, plug infrastructural gaps, connect underrepresented communities, solve for non-consumption, and improve livelihoods in Africa. 

For media inquiries, please contact; communications@venturesplatform.com

Rigour+ is proud to announce the launch of its latest initiative, Rigour+ Health Plans, aimed at transforming the landscape of telemedicine in Nigeria because we believe that quality healthcare services should and must begin from the comfort of your homes. Rigour+ empowers healthcare in the home with technology solutions to make life better.

Rigour+ Health Plans: Your Path to Holistic Wellness

Rigour+ health plans have been meticulously designed to cater to the diverse healthcare needs of individuals and families across Nigeria. Each plan is carefully curated to provide a unique blend of services, ensuring that every member receives the utmost in personalized care.

Scholar Plan: Geared toward students and young professionals, the Scholar Plan offers unlimited General Practitioner (GP) consultations, free medication deliveries, and various discounts.

Padi Plan: The Padi Plan is a health buddy’s dream come true. It covers unlimited GP consultations, discounts on fitness, prescription medication, and more.

New Mom Plan: Designed to support and empower new mothers and expecting moms, this plan includes specialist consultations, mental health support, maternity care, pediatric consultations, and more.

Senior Care Plan: For our cherished elders, the Senior Care Plan offers comprehensive healthcare, including specialist care, vision and dental support, and remote patient monitoring.

Family Care Plan: Ideal for the whole family, the Family Care Plan provides unlimited GP consultations, specialist care, discounts on various health services, and peace of mind.

Get the Rigour+ App: iOS           Android

Elevating Healthcare Through Technology

Afrihealth‘s Rigour+ Health Plans are designed to blend seamlessly with its telemedicine app, Rigour+, which connects patients with healthcare professionals via video consultations, bringing healthcare right to the palm of their hands.

Buy a health plan: business.rigourplus.com 

Engaging the Community

To celebrate the launch of Rigour+ Health Plans, Afrihealth will be participating in the Africa Startup Festival at Landmark Event Center, VI, Lagos, on [Date]. We invite everyone to join us for a live product demonstration and free health check sessions.

Afrihealth remains committed to transforming healthcare in Nigeria and empowering individuals to take control of their well-being. We invite you to explore our plans and join us in this exciting journey towards better health for all.

For More Information:

For additional information about Rigour+ Health Plans and Afrihealth, please visit [business.rigourplus.com](business.rigourplus.com) or download the app at [bit.ly/rigourapp](bit.ly/rigourapp).

About Afrihealth:

Afrihealth is a pioneering telemedicine platform that connects individuals with healthcare professionals via its app, Rigour+. With a vision to make healthcare accessible and affordable for all, Afrihealth has introduced Rigour+ Health Plans, offering a range of tailored healthcare services for individuals and families in Nigeria. Afrihealth is committed to advancing the healthcare sector in Nigeria through innovation and technology.

Nigeria’s creative landscape is going through a wholesome transformative growth, thanks to many factors including increased investment in the industry as well as improved training in different aspects of the creative ecosystem. Although these trainings have existed, they lacked key elements like partnership, mentorship and the needed structure to rightly position trainees for a good head start. 

Launched in April 2022 by Accelerate, in partnership with Access Bank and The School of Media and Communication, Pan-Atlantic University, The Phoenix Project has emerged as a powerful catalyst for training and mentoring young talents and igniting a creative revolution in the country. Since its inception, the Phoenix Project has provided an opportunity for young Nigerians with a passion for creativity, offering a range of courses from Film and Production to Vlogging, to the Business of Entertainment, providing a comprehensive platform for emerging artists, entrepreneurs, and visionaries to explore their potential.  

Bridging the Gap in the Creative Industry

The creative sector which was once considered lowly has turned into a hub for exporting Nigeria’s culture across the world from music to fashion to arts and more, and making major contributions to the Nigerian economy. The Phoenix Project has catered to a large population of youths who need to upskill and explore the opportunities the creative industry provides; providing them with practical, industry-relevant skills. For Nigeria, a rich haven with creative assets, this initiative serves as an opportunity for the creative industry to grow and continue making significant contributions to the nation and world. Through its curriculum and hands-on approach, the Phoenix Project equips its participants with the tools, knowledge, and skills needed to excel in their chosen fields. With a strong emphasis on entrepreneurship, the project encourages creativity by empowering its learners to transform their creative ideas into businesses.

A Trailblazing Journey

As Nigerian creatives continue to capture the world’s attention, The Phoenix Project is poised to be at the forefront of this transformative journey. The first two cohorts have produced a remarkable group of trailblazers, making waves across various industries. From music and film to art, fashion, and business, graduates of the Phoenix Project are influencing and shaping the future of Nigeria’s creative landscape. 

A Lifeline Amidst Challenges

The Phoenix Project arrives at a critical juncture in Nigeria, where youth unemployment remains a pressing issue. With limited opportunities available to the creative talent pool, this initiative offers a lifeline to young Nigerians seeking to pursue careers in the creative sector.

Youth unemployment in Nigeria has been a pressing issue, with numerous talented young individuals facing the reality of limited job availability. As the creative industry flourishes, the Phoenix Project, through its comprehensive courses and hands-on training, equips aspiring talents who yearn to translate their creative dreams into viable careers with the requisite skills and knowledge required to thrive in the creative industry.

By offering an alternative to the prevailing narrative of youth unemployment, the Phoenix Project empowers young Nigerians to pursue careers that align with their passions, providing a safety net that propels them toward self-sufficiency and self-fulfillment, instilling a sense of entrepreneurship, purpose and pride.

As these young talents graduate from the Phoenix Project, they don’t seek jobs but become the job creators, innovators, and leaders who will shape the future of Nigeria’s creative sector.

Shaping the Future of Nigerian Creatives

As the Phoenix Project continues to evolve, it thrives to be a driving force behind countless success stories in Nigeria’s creative sector. With a vision that extends beyond the horizon, the Phoenix Project serves as a guiding light of Nigeria’s creative revolution.

In today’s rapidly evolving world, where technology shapes industries and fosters global connections, certain segments of society have yet to fully embrace the benefits of this digital revolution. One such group is the unbanked communities, often excluded due to limited access to traditional financial services. However, amidst this backdrop of inequality, Tingtel, a visionary company founded in March 2021, is leading the charge for change with a relentless commitment to transforming lives through innovative financial solutions. 

A Global Challenge: Navigating Unbanked Realities 

The narrative of the unbanked population speaks volumes about the hurdles they face and the potential that remains untapped. A staggering 1.7 billion individuals worldwide are estimated to remain excluded from formal financial systems, lacking bank accounts, loans, or credit. This exclusion traps them in cycles of poverty, hampering access to education, healthcare, and entrepreneurial opportunities. 

Tingtel’s Remarkable Solution 

Tingtel is determined to make a difference, starting by helping unbanked communities in Africa. In Nigeria, for example, around 36% of the population doesn’t have access to traditional banking services, leaving over 50 million people without important financial resources. But the opportunity for change is clear in a country where 85% of the population has a mobile phone, totalling over 170 million users. 

Leveraging the widespread use of prepaid airtime, Tingtel has introduced a revolutionary approach that encompasses the following services: 

● Airtime-to-Cash Conversion: In regions where mobile phones are more accessible than bank branches, users can convert excess airtime into cash, opening doors to previously inaccessible financial transactions. 

● Bill Payment with Airtime: Unbanked individuals can conveniently settle bills using airtime, providing a secure and efficient method for managing financial responsibilities. 

● Peer-to-Peer Payments with Airtime: Tingtel introduces seamless peer-to-peer payments using airtime, reducing the need for physical cash and enabling swift digital transactions. 

● Airtime Swap Across Networks: Users can swap airtime between different networks, making the most of their mobile credits. 

● Discounted Airtime Purchases for individuals and companies: Tingtel offers discounted airtime purchases for individuals and companies, helping users save money. With Tingtel’s B2B solution, companies can gift their staff airtime at discounted rates. 

A Visionary Commitment to Change 

Central to Tingtel’s success story is Simpa Yekini, co-founder and CEO, driven by an unwavering belief in the potential of financial inclusion. For him, the journey toward transformation begins with recognizing the power of financial tools. Simpa asserts, “Consider this scenario: In the middle of the night, banks or POS Agents are unavailable, and you lose power because your electric units are depleted. With Tingtel, unbanked users can promptly convert their mobile airtime to settle electricity bills. This innovative approach empowers them to pay for electricity services, whether prepaid or postpaid; this concept can be extended to settle various utility bills, including cable TV, internet services, insurance premiums, and even fund betting wallets,” he emphasises. “We’re not just constructing a platform but forging pathways that can change lives. Our mission is to empower unbanked communities, granting them access to the financial means to unlock their true potential.” 

Tingtel is not replacing traditional financial institutions but is a lifeline in times when traditional banking or POS agents are unavailable; Tingtel steps in to provide a reliable solution. Moreover, Tingtel’s approach is characterized by a significant advantage: it offers a safe and private environment for users. Unlike mobile money services, Tingtel does not require individuals to share their phone numbers with others, ensuring the security and confidentiality of their financial transactions. 

Paving the Path to Progress 

With each airtime conversion and bill payment, Tingtel is effecting tangible change. The company is making significant strides toward creating a more inclusive and accessible financial landscape. Using the simplicity of airtime, the unbanked can now make digital transactions, pay for goods and services, and even send money to family and friends, all without the need for a traditional bank account. 

Tingtel is at the forefront of expanding financial inclusion and contributing to the economic development and empowerment of marginalized communities. To underline its impact, Tingtel has grown its user base to over 700,000 and processed more than 3 billion Naira in transactions through over a million successful transactions. To experience the transformative power of Tingtel’s innovative solutions, you can download the Tingtel app on the Google Play Store.

In 2021, Minority Africa – a digital publication telling minority stories across Africa – embarked on a journey to broaden perceptions of the term ‘minority.’ The team recognized that publishing stories about marginalised groups was only one step in their journey to create an inclusive media ecosystem across Africa. 

It had become increasingly evident that mainstream African media frequently perpetuated biases and leaned on detrimental stereotypes when depicting minority communities. This not only led to a distortion of these groups’ realities but also restricted their access to comprehensive and accurate content that authentically represented their experiences.

Reflecting on those transformative moments, Patricia Kisesi, Duty Editor at Minority Africa, shared, “We found ourselves in a bar, discussing the future of Minority Africa. As we scribbled down various ideas on a napkin, the concept of establishing a platform that curates stories from across the continent for media outlets to select and publish emerged as a standout idea.”

The outcome of that conversation was “Advance,” a way to extend and spread Minority Africa’s coverage to legacy and niche media platforms in hopes of creating a more inclusive Africa media. 

“Since 2021, we’ve worked with a handful of newsrooms who have republished our content and helped bring to life our dream to disseminate these stories,” Kisesi says. “Nonetheless, it struck us very quickly that we would need some technological magic wand if we were going to work with more newsrooms.”  

Winning the Google News Innovation Challenge in 2022 was the magic wand in question. It allowed Minority Africa to realise its vision and create a web application that connects individuals and organisations passionate about disseminating minority narratives, known as “Advancers,” with dedicated “Publishers” who cover and report on these crucial stories. 

With its foundation deeply rooted in open access and guided by the principles of Creative Commons, Advance which launched in August 2023 is not just a platform but a movement that seeks to transform journalism through innovation and inclusivity. 

This initiative, a remarkable leap forward for inclusive journalism, promises to reshape how minority stories from across Africa are told and shared. Since it began in 2019, Minority Africa has covered over 120 stories across 17 African countries, worked with over 200 journalists and reached an audience of more than three million people. Yet, this is not enough according to Shameer Ramdin, Growth and Partnership Manager and the Project Lead of Advance. 

“Africa is a region characterised by its diverse cultures, languages, and traditions but many stories of minority communities often remain untold or underrepresented. At Minority Africa, we believe that heterogeneity is a societal must in constructing an inclusive and just world,” he says. 

At the heart of Advance’s innovation is its commitment to disrupting traditional journalism by offering a symbiotic relationship to its users. It operates under an open-access framework where the stories published are accessible to the audience not only to read but also to share and repurpose with proper attribution. 

“By including minority voices in decision-making and policy formulation, we can build a society and systems that looks out for the whole of the people by integrating multiple diverse lenses of perspectives and collaboration,” Ramdin says. “This is why we conceptualised Advance to translate this vision through technological innovation.”

The spirit of collaboration, innovation and inclusivity that embodies Advance is a reflection of the Pan-African team that works in conceptualising it. By breaking down geographical barriers, the team spread across Botswana, Lesotho, Mauritius, Nigeria and South Africa fused cutting-edge technology and journalistic integrity dawning a new era for news agencies for marginalised groups. 

“This is just the beginning,” says Ramdin. “We are going to push the boundaries of this news agency in the coming years by integrating AI technology for fact-checking and leveraging blockchain technology to ensure the permanence of our content and those of our users.” 

So far, the platform has over 40 advancers from across 7 countries but the goal is to grow those numbers alongside the geographic and thematic scope of Advancers. 

“It is very exciting to see this project take shape,” Kisesi says. “My hope is that one day seeing minority stories in mainstream media becomes more commonplace rather than occasional.”

Join the new wave of Journalists, Storytellers, Newsrooms and others changing the narrative of marginalised Africans across the globe, sign up to Advance today.

In a world burdened by adult responsibilities, one visionary finds solace in embracing his inner child.

In a remarkable twist that challenges societal norms,  23 year-old startup co-founder of Kiakia Africa has embarked on a journey that transcends age and defies expectations. In a bold move motivated by the harsh reality of Entrepreneurship and struggles  of raising venture capital, he has made a profound decision – to identify as a 3year old  founder.

For years, the weight of adulthood has suffocated the dreams and ambitions of countless individuals, leaving them trapped in a cycle of responsibility and burden. But our courageous protagonist has chosen a path, less traveled, daring to seek liberation from the shackles of conventional thinking.

Speaking with Kiakia’s Co-founder & CEO,  Philip’s Adepoju, he claims the harsh economic landscape has been unkind, casting shadows of uncertainty on the hopes and aspirations of entrepreneurs. However, he believes his unyielding spirit and creative vision have birthed a solution that holds the promise of not only transforming his own life but also revolutionizing the last mile delivery industry as a whole.

By embracing the identity of a 3yr old  co-founder, he hopes to escape the crushing weight of adulthood and rediscover the boundless innocence and untapped potential that resides within each of us. This audacious move is driven by the belief that by shedding the confines of his actual age, he can unlock a wellspring of creativity and propel Kiakia to expedited growth.

Kiakia, an innovative last-mile delivery startup company co-founded by CTO, Adewale Sulaiman, embodies the very essence of its founder’s courageous spirit. Just as a child’s curiosity knows no bounds, Kiakia seeks to connect individuals, businesses and institutions  with nearby vetted delivery agents of all vehicle sizes leveraging on technological advancements.

Having launched in October 2022 and completing over 100,000 successful deliveries within Lagos state, Kiakia pose advertently to redefining the last mile delivery infrastructural deficit in the industry through it’s array of technological products like the Kiakia Magic App which connects individuals and Businesses with nearby vetted local delivery agents.

And more also, its Fleet Management platform for small and medium scale delivery fleet owners likewise not exempting delivery agents working on their own schedule to earn a living delivering parcels with the Kiakia Pilot platform and moreover it’s APIs & Web Plugins.

But it’s not merely about convenience and efficiency; it’s about rekindling the joy and wonder that lies dormant within us. Through Kiakia, our founder hopes to infuse the last-mile delivery process with a touch of magic, transforming what was once mundane into a delightful experience filled with transparency, anticipation and delightfulness.

His visionary decision to identify as a 3yr old   founder is not a whimsical act; it is a profound statement about the power of reimagining ourselves and our place in the world. It challenges societal norms that confine us to predefined roles, urging us to break free and forge our own paths, no matter how unconventional they may seem.

In a world desperately in need of fresh perspectives and bold ideas, Philip’s decision ignites a spark of hope. It challenges us to question the boundaries we’ve placed upon ourselves, encouraging us to tap into the reservoir of creativity that lies within each and every one of us.

So, as we embark on this remarkable journey with the 3year-old founder of Kiakia, let us suspend judgment and embrace the power of vivid imagination. Let us celebrate the audacity to dream, to redefine our identities, and to reshape the world around us.

For in the innocence of a child lies the potential to change the course of history. And in the audacious pursuit of a dream, lies the birth of a revolution.

To stay up to date with Kiakia’s products and services, find them across all social media platforms:

Website; https://kiakia.africa

Instagram; https://instagram.com/kiakia

Facebook; https://facebook.com/KiakiaHQ

Twitter; https://twitter.com/KiakiaHQ

Linkedin; https://linkedin.com/company/KiakiaHQ

Launches Mobile App To Simplify Event Listing and Discovery

The advent of technology, especially with the growing mobile phone usage has revolutionised how people access events and services. With the projected global mobile phone user count expected to reach 18.22 billion by 2025, mobile ticketing has emerged as the primary choice for event organisers and professionals seeking to host events or provide services. Over the past few years, there has been a significant surge in the adoption of mobile ticketing in Nigeria as more and more people opt for event-access through their smartphones. According to Statista, the event tickets market is projected to show an annual growth rate of 5.37%, resulting in a projected market volume of US$165.20m by 2027. Besides mobile ticketing, the events industry appears to be teeming with innovative solutions.

Enter Knit, an event discovery and event listing app, with social networking and ticketing features tailored to individual interests and locations. By combining its location-based event discovery technology and interest-based recommendations, Knit enables people to discover free and paid events, exciting activities and people with similar interests through its user-friendly platform. It eliminates challenges such as missing tickets or long queues, as the app automatically generates QR codes for easy event admission. Moreover, its analytics feature provides insights into consumer preferences around event style, timing and more.

As consumers continue to seek more efficient and convenient ways to experience these events, Knit’s weather forecast and facility listing features allow event organisers to determine the best days to host their event and even find the right facilities to provide excellent hosting services. Its social networking features like chat, voice recording, video sharing etc, lets event lovers share their event experience through in-app messaging, videos and more. Service providers are also catered to, as the app allows users to list themselves as experts, showcasing their skills and portfolios, promoting business services to a niche audience, and maintaining top-of-mind awareness.

Speaking at the launch, Fela Bank Olemoh, the co-founder for Knit said, “We have a truly world class app and we are more than thrilled to introduce the app to Nigeria and beyond. Our goal is to further simplify the process of both organising and attending  events. However, our mission extends beyond the event  themselves; it has always been about fostering meaningful connections within local communities. With Knit, we have an app that allows individuals to efficiently create or discover events, secure tickets to their favourite shows and establish meaningful connections.

Bank-Olemoh further emphasised that the app was born out of an understanding of the pain points within the events industry and a resolve to proffer solutions through distinctive features which allows event organisers to create events and sell out tickets fast. Hinting at Knit’s projected international expansion, he said, “Knit is changing how people discover and list both free and paid events in Nigeria but we have our eye set on the global market.We have a groundbreaking solution that we aim to introduce worldwide, spanning from London to Canada and beyond.” 

By seamlessly integrating people, interests, and events, Knit stands out as a game-changer, effectively combining features that have completely changed the way people experience events and connect with like-minded individuals. Since its launch on both the Play Store and App Store, the app has garnered glowing reviews, pointing to its success and exceptional features.

First City Monument Bank (FCMB) has been recognized for its outstanding contributions to the financial technology (FinTech) industry with the “Excellence in FinTech in the Payment Category” award at the recent Finnovex Middle East Summit and Awards 2023 held in Lagos.

This award spotlights FCMB’s unwavering commitment to providing seamless, secure, and impactful financial solutions to Nigerians. The Bank has consistently demonstrated its leadership in the FinTech space through innovative platforms like FastCash, its instant digital loan platform, and Quick Loans, which provides loans to Small and Medium-Scale Enterprises (SMEs).

“We are honoured to receive the Excellence in FinTech Award in the Payment Category at this year’s Finnovex Awards,” said Mrs Yemisi Edun, Managing Director of FCMB. “This award is a testament to our dedication to providing our customers with cutting-edge financial solutions that enhance their lives and contribute to the growth of the Nigerian economy.”

FCMB’s commitment to innovation extends beyond its digital platforms. The Bank is actively fostering inclusive and sustainable growth within its communities, building a supportive ecosystem rooted in Africa, and connecting people, capital, and markets.

First City Monument Bank (FCMB) is a leading member of the FCMB Group Plc, a diversified financial services group with interests in commercial banking, investment banking, asset management, insurance, and microfinance. FCMB is committed to fostering inclusive and sustainable growth within its communities, building a supportive ecosystem rooted in Africa, and connecting people, capital, and markets. By offering innovative financial solutions, FCMB is helping to improve the economic well-being of Nigerians.

Saturday, October 14, 2023, marked a gathering at Igbobi College, Yaba, where the ScaleUp Lagos 2023 event unfolded. With over 400 participants, the event brought together industry leaders, esteemed speakers, and vibrant exhibitors, making it a great success. The event was a diverse melting pot of professionals from various sectors, and it featured discussions revolving around the theme of Sustainable Growth in Careers and Small and Medium Enterprises (SMEs).

The idea behind Scaleup Lagos was born out of our genuine desire at Kreateng to help build the tech and business ecosystems in Lagos through solution oriented discussions and build a strong workforce for organizations. Scaleup Lagos was a strategic meeting point for businesses, investors and career builders. The goal of the event was pretty much in the name; to create a networking platform for these stakeholders to collaborate for growth in their careers and businesses.

A special mention goes out to our esteemed sponsors; Awacash, Touch and Pay, and The Journey Guide, and also to our service & product sponsor; AO & FA and Hagnos water,  the president of ICOBA/ Co-Organizer; Femi Olubanwo, the CEO of Kreateng/ Co-Organizer; Adedayo Okunfolami,Co-founder of Kreatng; Oladele Dada and the chairman of the event; Mr Tunji Akinwunmi. Their unwavering support played a pivotal role in making ScaleUp Lagos 2023 a reality. Their commitment to fostering growth and innovation was evident throughout the day, and we are grateful for their partnership.

ScaleUp Lagos 2023 boasted an impressive lineup of speakers, each bringing a unique perspective to the discussions. Ayo Abina, Folashade Coker and Adeola Adelanwa delivered thought-provoking insights into the challenges and opportunities in scaling up businesses for sustainable growth. Some of the panelists include; Jacqueline Brondberg, Ayodeji Odunukan, Yinka Okunfolami, Babatunde Olusola, Segun Ola Dawudu, Eshoe Igbinoba among many others. Obaloluwa Dairo, a venture building specialist, played host, helping to shape conversations. Their expertise resonated with the engaged audience and left a lasting impact.

The dynamic duo of Kreateng and ICOBA served as co-organizers, guiding the audience through the day’s events with professionalism and flair. ScaleUp Lagos 2023 also featured a lively job fair and networking session, providing attendees with the opportunity to connect with industry leaders, potential employers, and fellow professionals. This aspect of the event was a testament to our commitment in facilitating meaningful connections in the business world.

The event also featured a pre-event pitch session for SMEs. At the event, there was an exhibition session which showcased a variety of products and services from 12 leading organizations, creating a marketplace of ideas and opportunities. Attendees had the chance to explore innovative solutions and engage with emerging trends in technology and business.

As the echoes of the event linger, we look forward to building on the momentum created at ScaleUp Lagos 2023. The insights gained, connections formed, and ideas exchanged are seeds that we believe will grow into a future marked by sustainable success and growth for all involved.

For media inquiries, please contact:

Samuel Dada

Team Lead, Digital and Media

samuel.dada@kreareng.com

The mobile gaming industry continues to boom, as the platform takes advantage of ever-more-advanced technology and game development. Sub-Saharan Africa has proved one of the most fertile new markets for mobile gamers, and has also seen iGaming and online gambling expand rapidly. Online engagement on the continent is overwhelmingly driven by the widespread usage of mobile devices — smartphones are more affordable than ever, and ownership far outweighs that of computers. There have been large-scale advances in terms of infrastructure, coverage, and connection speed across Africa, allowing gamers to play online with friends or in competitions. 

With ever-increasing mobile penetration across Africa, it’s an exciting time for gaming on the continent — let’s take a look at this continually developing market. 

Continued Growth 

According to studies by African company Carry1st, the Sub-Saharan African gaming industry looks set to crack $1 billion for the first time in 2024, and the forecast is for continued growth beyond. The mobile gaming market looks set to eclipse the PC, with 10 times the level of engagement. Much of this growth is driven by the adoption of mobile technology that has become more accessible and cheaper at the point of purchase, as well as the overwhelmingly young population of the region who happily embrace new tech. 

The two nations that overwhelmingly generate the most gaming revenue are Nigeria ($249 million) and South Africa ($236 million). To put this in context, the third most revenue comes from Kenya — which generates a ‘mere’ $49 million. However, all countries from which data has been collected have reported year-on-year growth that doesn’t look like slowing down. 

Improved Infrastructure

Another key driver behind this growth is the efforts being made across Africa to improve mobile infrastructure, both by national and continental organisations. Increased mobile coverage, especially in isolated rural regions, is becoming a priority. And Internet connectivity is becoming much better — although some places still rely on 3G, most regions use 4G/LTE and in some urban areas 5G is being gradually introduced. 

Couple this with the adoption of online payment methods and you have a market dominated by young people, with powerful technology at their fingertips, and high-speed internet connectivity — this is the kind of market that will continue to thrive. 

iGaming

Online gambling has taken the world by storm, and is another phenomenon spreading through Africa. Millions of players are signing up to enjoy card games, roulette wheels, and slots in online casinos, and although there are many countries without specific legislation, most Africans can find a place to play using VPNs if there are no local operators. Most online casinos offer dedicated apps, and this mobile-first approach makes iGaming accessible right across Africa. Again, Nigeria and South Africa lead the way, and local players will find professional online casino review sites that take into account bonuses, games, reliability, and mobile accessibility.

Mobile technology is a key driver behind the popularity of online casinos, and simple games are being taken to the next level by the capabilities of smartphones and tablets. Players will find ever more immersive options, such as live-dealer blackjack, poker, and roulette, as well as a dizzying array of advanced slot games. Slots now come replete with cutting-edge graphics, immersive sound design, themes, levels, and enhanced gameplay features. 

Popular Games in Africa

Africa’s favourite mobile games reflect a diverse and dynamic gaming culture that has been steadily growing in popularity across the continent. In recent years, several titles have gained immense traction. One standout game is Pou, a virtual pet simulator that allows players to care for and interact with their own alien creature. 

Generally, global trends are followed in Africa, with huge titles such as Subway Surfers, Candy Crush Saga, Real Car Driving: Race City 3D, and Monopoly Go all wildly popular. Although PC / console use isn’t anywhere near as prevalent in Africa, some console games that have been adapted for mobile are also popular — Call of Duty, FIFA, and Fortnite: Battle Royale, to name a few. 

Esports are beginning to take hold in some parts of Africa — mainly the more developed markets such as Nigeria, South Africa, Kenya, and Ghana. Popular Esports games also reflect worldwide trends — Counter-Strike is the most popular game, but DOTA2, League of Legends, Starcraft and Rocket League also have a foothold. Esports in Africa face challenges though — there aren’t as many Internet cafes or other venues that cater for them, compared to other parts of the world. But slowly and surely Esports are becoming more popular, and expect to see the number of Africans participating increase in the coming years. 

With a young, tech-savvy, engaged population, powerful yet affordable tech, and improved infrastructure — the gaming market in Africa is perfectly poised to continue to grow. Hitting $1 billion in revenue next year is an important landmark, but really, it’s just the beginning.

Semicolon Africa, a workforce development company combining the future of learning and the future of work, is excited to announce its partnership with ipNX Nigeria Limited, a leading Information and Communications Technology company in Nigeria. The partnership aims to support Semicolon’s mission of building the individuals and businesses that will build Africa, via high-quality internet services and connectivity provided by ipNX.

As a technology provider addressing the challenge of internet connectivity, ipNX Nigeria Limited has taken a proactive step in supporting Semicolon’s community by providing affordable and reliable internet services. This enables learners undergoing Semicolons one-year techpreneurship program to access the necessary resources to build their skills and become global tech talent. The partnership will also empower startup founders at the Semicolon Ventures Lab to solve local and global problems.

According to Chibuzo Ekejiuba, Academic Lead at Semicolon Africa, “The partnership is exciting for us and our students, considering ipNX’s track record of excellence in delivering ICT solutions. Access to reliable and high-quality internet is crucial for our learners to explore the vast opportunities in the tech sector and build the skills necessary to become the next generation of tech leaders.” With Semicolon’s growing community of 700+ software engineers, Chibuzo added that this partnership will empower and foster a more suitable learning environment as Semicolon builds and solves problems for local and global businesses.

Mrs. Folashade Efiong-Bassey, Group Executive Director, Human Resources and Corporate Services, ipNX Nigeria Limited, said the partnership with Semicolon Africa falls in line with ipNX’s strategic goal of “providing innovative solutions that meet the needs of every individual and contribute to the development of Nigeria’s technology ecosystem.” According to her, “by collaborating with Semicolon Africa, ipNX Nigeria Limited are not just offering internet services; we are investing in the future of our nation. Education and access to information are fundamental drivers of development, and ipNX is committed to bridging that digital future by providing affordable internet access to aspiring tech professionals and budding entrepreneurs.”

She added: “This initiative is a testament to our dedication to creating possibilities for the next generation of innovators and leaders to thrive, ensuring that the transformative power of technology is accessible to all, regardless of their background or circumstances.”

Through this strategic partnership, ipNX Nigeria Limited and Semicolon Africa demonstrate their shared commitment to promoting technological advancement and fostering opportunities for aspiring tech enthusiasts while blazing a path for the emergence of a diverse and innovative generation of software engineers in Nigeria.

When it comes to web3 and blockchain technology, Emmanuel Onuoha leads the pack as alpha wolf. His reputation in the scene is second to none as a visionary entrepreneur and the founder of Openwaver, a web3 product development firm at the forefront of the industry.

The blockchain ecosystem is a peculiar one as it is steadily rapidly changing. Yet, Emmanuel and his team are on a mission to spearhead its innovation.

His company, Openwaver, was born from countless experiments and theory-developments regarding issues pertaining to blockchain technology. Emmanuel and his team have learned the ropes around the world of web3 products and the transformative power of blockchain technology.

Hence, Openwaver leads with the brightest minds employing cutting-edge tools at making discoveries and revolutionary innovations in the system.

On Opensea, Openwaver’s NFT project, Magna, has garnered a lot of attention and traction. The free mint project is only one out of the numerous successes that the company had recorded since its birth. Magna generated an impressive six-figure dollar trade volume on the secondary market, showcasing Openwaver’s ability to create impactful and successful blockchain projects.

Additionally, Openwaver has provided valuable consultation and advice to other teams building in the blockchain ecosystem, leveraging their wealth of experience to help shape the success of various projects.

Through several media and in multiple ways, Openwaver has contributed to the further employment and development of blockchain technology across the continent of Africa. This is evident through their investments in research, user experience, Non-Fungible Tokens (NFTs), real life problem solving and education.

NFTs are applicable in gaming, art and a couple of other industries; hence, Openwaver helps provide a secure and transparent tokenizing platform for artists and creators for their digital products.

Yet, beyond NFTs, Openwaver is into building an identity management system that is largely decentralized. This ambitious project aims to revolutionize how governments handle identity verification and authentication. Moreover, at the core of Emmanuel Onuoha’s work with blockchain technology is ensuring regulatory compliance through a thorough legal framework, R&Ds in addition to open-source contributions.

Openwaver also seeks partnerships and collaborations with other companies, startups, and organizations in the web3 and blockchain ecosystem. These partnerships allow them to leverage each other’s strengths, share resources, and drive innovation together. By actively supporting ecosystem development, Openwaver promotes industry standards, interoperability, and best practices.

In a world driven by digital innovation and financial empowerment, it goes without saying that processes need to be faster and easier for every human being, regardless of location, time zone or financial status. This means faster transactions, a wider range of services in less taps, more control over your financial status and more transparency with transaction details. 

In a country like Nigeria where cash remains king, at some point it looked totally impossible to adopt purely digital transactions and online payments. However, in a recent article by McKinsey, it was reported that mobile-money transaction volumes in Nigeria doubled to around 800 million in 2020, yet, McKinsey anticipates that between 2020 and 2025, the e-payments market will grow by around 150 percent to reach almost $40 billion in revenues from domestic payments alone, with about 188 billion in transaction volumes. 

With such an impressive estimated growth, young Nigerians now have a unique opportunity to take control of their financial destiny. No longer do we need to rely solely on traditional means of investment or fall victim of hidden charges and opaque financial systems, there are already systems in place to ensure Inclusion, Visibility and Transparency in all our financial endeavors particularly with a multipurpose tool like Bitoshi.

Bitoshi, a revolutionary cryptocurrency app that aims to empower the youth in Nigeria and Africa at large, providing them with tools and knowledge to navigate the rapidly evolving landscape of digital finance. Bitoshi understands that financial freedom is not just a dream but a tangible goal that can be achieved with the right resources and guidance.

Bitoshi’s mission is simple yet profound: to simplify your financial journey. This includes putting the power of financial decision-making back into your hands. It’s about enabling young Nigerians to become active participants in the global economy, to invest, save, and transact on their terms, and to do so securely and transparently.

One of the ways Bitoshi is doing this is by making cryptocurrency trading accessible to all regardless of your available capital. They understand that not everyone has stacks of cash to invest and they have made it possible for you to start your cryptocurrency journey with just 500 naira. Whether you’re a seasoned trader or just dipping your toes into the world of digital assets, Bitoshi welcomes you with open arms.

Another key feature with using bitoshi is their encouragement of peer-to-peer (P2P) transactions 

This means you can send and receive money directly, without relying on a traditional bank or financial institution. Bitoshi streamlines P2P transactions through its secure platform, making it easy for users to connect and trade seamlessly .Additionally, it facilitates international money transfers with ease and offers a straightforward way to invest in cryptocurrencies you’ve recently explored like Litecoin. 

Bitoshi also has a roster of verified merchants. When you’re looking to make a deposit, you can securely transfer your funds to a verified merchant account, and the merchant will promptly validate the transaction.

The creation of Bitoshi goes beyond just another crypto trading and payment platform; it’s a movement. It’s a call to action for young Nigerians to embrace the future of finance and embark on a journey towards financial freedom. It’s about breaking free from the shackles of traditional financial systems and embracing a borderless, digital economy where opportunities are limitless.

In conclusion, Bitoshi stands as a guiding light in a rapidly evolving financial landscape, especially for the youth of Nigeria and beyond. With the e-payments market in Africa poised for exponential growth, Bitoshi stands at the forefront, offering a simplified, transparent, and empowering approach to finance.

By providing accessibility to cryptocurrency trading with minimal capital requirements and fostering trust through peer-to-peer transactions, Bitoshi sets a new standard for financial freedom. With Bitoshi, the journey towards financial freedom is not just a dream but a tangible reality for the generation of tomorrow. Embrace Bitoshi, embrace your financial future, Get Bitoshi Today.

Credit Direct Finance Company Limited (Credit Direct), a member of the FCMB Group and the leading non-bank consumer lending institution in Nigeria announces the successful completion of its debut commercial paper issuance on the FMDQ platform. The issuance witnessed an oversubscription of 137%, indicating strong investor confidence in the company.

Initially targeting to raise N5 billion, split between “Series I – 182 days at a yield of 15% and Series II – 268 days at a yield of 16% Commercial Paper Issuances” as part of a N10 billion Commercial Paper program, Credit Direct successfully secured N6.86 billion at face value from investors. This endeavour reaffirms the investment community’s steadfast faith in Credit Direct’s trajectory and the bright future that lies ahead. The proceeds from this issuance will diversify the finance company’s funding base and support the current wave of growth the company is experiencing as a result of its successful digital transformation.

Mr. Ladi Balogun, the Chairman, Board of Directors at Credit Direct, stated, “The positive response from the institutional investor community is recognition of the company’s track record in terms of risk management, corporate governance and financial performance, as well as the important role it plays in the financial ecosystem. Credit Direct has been a consistent beacon of hope for over 1.7 million customers, previously excluded from accessing credit in such a convenient manner.”

Echoing this sentiment, the Managing Director of Credit Direct, Mr. Chukwuma Nwanze, mentioned, “We are immensely proud and grateful for the overwhelming response from the investor community. The over-subscription indicates the strength of Credit Direct’s reputation in the financial market and underscores the company’s sound financial health. This maiden issuance not only empowers us to further our goals but also reinforces our commitment to being a key player in Nigeria’s financial landscape. As Credit Direct continues its brisk expansion, serving millions nationwide, we are determined to utilize these funds judiciously and ensure optimal returns for our stakeholders. We would like to thank FMDQ for the role it played during this transaction and all the dealers and investors who contributed to the success of our debut launch. We also want to thank FCMB Capital Markets Limited who acted as the lead arranger and dealer for this transaction as well as CardinalStone Partners Limited and United Capital PLC who both participated as dealers in this transaction.”

Credit Direct, known for its excellent service delivery and commitment to driving financial inclusion, anticipates leveraging the success of this issuance to further bolster its offerings and deliver unmatched value to its customers and investors alike.

About ​Credit Direct Finance Company Limited

Credit Direct Finance Company Limited is Nigeria’s leading non-bank consumer lending company, licensed by the Central Bank of Nigeria (CBN) as a Finance House. The company was established in 2006 and has served over 1.7 million beneficiaries across Nigeria since inception. With footprint across 25 states, Credit Direct provides consumer and working capital loans to individuals, merchants, and small businesses across the country. Credit Direct is a wholly owned subsidiary of the FCMB Group.

In the digital age, online gambling has surged in popularity, marking a new era for enthusiasts and professional gamblers alike. This unprecedented rise can be attributed to the convenience of playing from the comforts of one’s home, eliminating the need for physical visits to traditional casinos.

But beyond this convenience, there’s another facet of the online gambling world that has been drawing considerable attention – offshore casinos. These intriguing platforms, often cloaked in allure and mystery, are digital gambling havens that operate outside of traditional regulatory boundaries.

So, what makes them so captivating? And more specifically, why are UK players finding non UK casino destinations particularly beneficial? As we delve deeper into the realm of offshore gambling, it becomes apparent that there’s a blend of risk and reward, with the potential for lucrative returns tempting players to explore beyond their shores.

Understanding Offshore Casinos

In the vast landscape of online gambling, offshore casinos stand out as unique entities, often shrouded in intrigue and allure. Essentially, these are online gambling establishments that are granted licenses and undergo regulation in territories that are different from where the player resides.

For example, consider a player in the UK, where the gold standard for online gambling oversight is set by the UK Gambling Commission. While this offers a layer of trust and security, it might not always provide the breadth of gaming experience or bonuses that the player desires.

This is where offshore casinos come into play. They might be regulated under the jurisdiction of places like Curacao or Malta, both of which have become hubs for online gambling licenses. Some other European jurisdictions too have risen in prominence, offering alternative platforms for players to explore.

These offshore entities cater to a global audience, often delivering diverse gaming experiences, varied betting options, and enticing bonuses that are sometimes hard to resist. However, it’s essential to note that while they might offer a broader palette of opportunities, the regulatory protections might differ from what players are accustomed to in their home countries.

The European and UK Experience

The European continent, with its rich tapestry of cultures and economies, offers a diverse landscape when it comes to the world of online gambling. Each nation within Europe has its own set of rules, regulations, and preferences that shape the gambling industry therein. While there’s a common European market, gambling regulations can vary considerably from one country to another, making the landscape intricate and multifaceted.

A shining beacon in this intricate framework is the Malta Gaming Authority (MGA). This regulatory body, based in the small island nation of Malta, has become a cornerstone in the European online gambling sector. They license a significant number of online casinos, providing them with the credentials to operate across various European territories. The MGA’s robust framework ensures that the platforms under its jurisdiction adhere to fair play, security, and transparency, offering players a considerable level of trust and peace of mind.

Turning our gaze to the UK, the scenario is both unique and robust. The UK Gambling Commission (UKGC) is renowned for its rigorous standards and stringent guidelines that online casinos must adhere to if they wish to cater to the British populace. This rigour ensures that UK players enjoy a high level of protection, both in terms of fair gameplay and financial transactions. Given this protective bubble, one might ponder, “Why would a UK player even consider offshore casinos?”

The allure of offshore platforms often lies in their diverse offerings, potentially more attractive bonuses, and sometimes, a wider array of games that might not be readily available on UK-regulated sites. While the UKGC offers a secure and trustworthy environment, the offshore territories present a sense of adventure, novelty, and sometimes, more competitive odds or promotions. However, while the prospects might be enticing, UK players venturing into offshore domains should be aware of the varying regulatory standards and ensure they’re treading wisely in the expansive world of online gambling.

Benefits of Offshore casinos

Fewer Restrictions: Offshore casinos, designed to cater to an international clientele, usually have a more diverse portfolio of games and betting options. This global perspective allows them to house titles and gaming styles from different regions, granting players access to a wider range of experiences than they might find on localized platforms.

Enhanced Bonuses: Offshore platforms, in a bid to attract players from across the globe, often roll out lucrative bonuses. UK players, similar to their US counterparts, can benefit from these generous offers, ensuring they get more bang for their buck, which can significantly extend their playing time and potential winnings.

Demo Games: The option to try before you buy is a valuable feature many offshore casinos offer. These demo games not only help players familiarize themselves with gameplay mechanics but also allow them to devise strategies without the risk of losing real money, offering both entertainment and education in one package.

Crypto Casinos: As digital currencies continue their march into mainstream finance, offshore casinos have been quick to adapt. Offering games like Aviator, these platforms cater to the modern crypto enthusiast. Beyond the allure of novel games, the use of cryptocurrencies often means swifter transactions and reduced fees, making the gaming experience smoother and more efficient.

Diverse Gaming Experience: The true charm of offshore platforms lies in their cosmopolitan game libraries. Catering to players from various parts of the world, these casinos incorporate popular games from continents like Asia, Europe, and the Americas. This melting pot of gaming cultures ensures that players are always met with fresh and exciting content, reflecting global tastes and trends.

The Risks

As with anything, there’s a flip side. The potential for bigger bonuses and fewer restrictions does come with a degree of risk. Not all offshore casinos are reputable, and there’s always a chance of running into payout issues or unfair practices. However, platforms licensed by recognized authorities like the Malta Gaming Authority or Curacao eGaming often bring a degree of trustworthiness.

Final Thoughts

For UK-based gambling enthusiasts, venturing into the offshore casino domain can be akin to stepping into a vast playground filled with an array of tantalising opportunities. The allure of enhanced bonuses, often more generous than those found in local platforms, beckons players, promising extended playtimes and potentially bigger wins. Additionally, the diverse game libraries, reflecting global tastes, ensure that even the most seasoned players discover new and engaging gaming experiences.

Yet, while the prospects of offshore gaming are undeniably attractive, they should be approached with caution and due diligence. Before diving in, it’s paramount for players to embark on thorough research, seeking out platforms with solid reputations. Reading user reviews, forums, and expert analyses can provide invaluable insights into a casino’s reliability and fairness.

Moreover, even though these platforms may operate outside the UK’s immediate purview, they should still adhere to some form of regulatory standards. Checking for licensing details and understanding the jurisdiction’s regulatory framework can offer an added layer of security and peace of mind.

In conclusion, while the offshore casino world is rife with opportunities for UK players, the journey should be one of informed choices and careful navigation. With the right precautions, players can enjoy a world of gaming that’s both rewarding and secure.

Layer3, a leading provider of cloud and network technology solutions, is thrilled to announce its strategic collaboration with the Internet eXchange Point of Nigeria (IXPN). This dynamic collaboration is designed to improve the digital landscapes of Abuja and Kano, enriching the lives of its residents by providing improved access to Netflix and other online entertainment services.

Abuja and Kano, two of Nigeria’s vibrant and culturally rich cities, are on the brink of a digital transformation as Layer3 and IXPN join forces to make the Netflix streaming experience in these locations more seamless and enjoyable. This partnership aligns perfectly with the surging demand for high-quality streaming services and the essential need for robust Internet infrastructure.

By harnessing IXPN’s cutting-edge switching infrastructure and Layer3’s broadband access solutions, Netflix will host its cache servers in Abuja. This move promises to deliver a superior Netflix streaming experience not only for Layer3’s broadband Internet customers but also for customers of all Internet service providers connected to IXPN in Abuja and Kano, ensuring uninterrupted access to their favorite content.

As online content consumption continues to surge, this partnership empowers individuals and families in Abuja and Kano so they can explore the vast entertainment options available on Netflix.

This collaboration epitomizes the spirit of cooperation within the technology and telecommunications industry, with the shared goal of enhancing the lives of Nigerians.

Oyaje Idoko, CEO of Layer3, expressed his excitement about the partnership, stating, “We are thrilled to collaborate with IXPN to bring world-class streaming experiences to broadband Internet users in Abuja and Kano. Our commitment to providing seamless Netflix access is a testament to our dedication to enhancing the digital lives of Nigerians.”

Muhammed Rudman, CEO of IXPN, added, “This partnership marks a significant step forward in our mission to domesticate Internet traffic in Nigeria and provide substantial cost savings on Internet services. IXPN’s robust infrastructure, combined with Layer3’s world-class solutions, will make high-speed, buffer-free streaming a reality for Netflix enthusiasts and users in Abuja and Kano. Netflix traffic will no longer need to traverse the long route to Lagos or beyond, resulting in reduced latency and a high-quality experience.”

The partnership between Layer3 and IXPN is poised to redefine how Abuja residents enjoy online content, especially on Netflix. As Nigeria’s capital city continues to evolve and embrace the digital era, this collaboration will play a pivotal role in establishing Abuja as a digitally connected and entertainment-rich metropolis.

OPay’s commitment to innovation and customer-centric solutions was rewarded at the prestigious Awards Gala. Proudly securing its position as Nigeria’s leading fintech platform, OPay has emerged as the winner in the Fintech Category of the prestigious Digital Nigeria 2023 Awards Dinner; an event meticulously organized by the National Information Technology Development Agency (NITDA).

The National Information Technology Development Agency (NITDA) is a government agency with the mandate to create a framework for the planning, research, development, standardization, application, coordination, monitoring, evaluation, and regulation of Information Technology practices in Nigeria.

Following a thorough and meticulous review of the different fintech players based on innovation, products, and excellent service delivery to customers, OPay was selected as the winner in the Fintech category. This prestigious Awards Gala which celebrates excellence within Nigeria’s financial technology sector is dedicated to recognizing outstanding individuals and organizations for their significant contributions to various facets of information technology development. OPay’s victory in the fintech category further reinforces the platform’s genuine contribution by transforming and simplifying payments for Nigerians.

The event was held at the International Conference Center on October 26, 2023, drawing distinguished attendees, including high-ranking government officials, industry experts, NITDA staff, and members of the media. Notably, the growing demand for seamless digital payment solutions in Nigeria also contributed to this win, positioning OPay as a remarkably fast, secure, and dependable platform for a wide array of financial transactions amidst an evolving fintech landscape marked by funding challenges and cost-cutting measures.

OPay’s mission to make financial services more inclusive through technology remains unwavering, and the fintech giant remains committed to directing its efforts towards creating tailored products and services that empower customers and deliver unique, customer-focused experiences for its tens of millions of users. Furthermore, OPay further reiterated its full compliance with CBN guidelines to provide secure, fast, and convenient financial services to our valued customers through advanced technology for KYC onboarding, risk control, and innovative products.

Branch, a leading digital lending platform in Nigeria, is proud to launch its new campaign “Here For You,“ highlighting its commitment to empathy and a customer-centric business model. With a vision to transform the lending landscape, Branch is dedicated to empowering Nigerians through access to seamless and convenient financial solutions that cater to their unique needs when they need it.

At the core of Branch’s mission is a deep understanding of the challenges individuals face when it comes to accessing affordable credit. By leveraging technology and data-driven algorithms, Branch has designed a lending platform that creates a bridge between financial institutions and users seeking access to credit, amongst other product benefits, all of which put money back in the pocket of the customer. With just a few taps on their mobile devices, users can apply for loans and receive instant approvals, eliminating the traditional hassles associated with loan applications.

Branch recognizes that with the subsisting economic situation, financial emergencies are becoming even more inescapable. From unexpected medical expenses to educational needs, or sometimes, just feeding, there is a growing need for support to stay afloat in very challenging times. Branch is therefore committed to being that partner that shows up regardless, offering easy access to credit, flexible repayment terms, competitive interest rates and most importantly, non-combative repayment processes that do not impede on the dignity of the user in the event of delayed repayments.

The empathy that Branch showcases through its services goes beyond meeting financial needs. The platform is fully transparent, ensuring that customers have a thorough understanding of the borrowing process, repayment terms, and associated costs. Branch also emphasizes financial literacy education, empowering users by providing resources and tools that help them make informed financial decisions.

Branch’s corporate character is rooted in the belief that financial services should be accessible to all, with its brand promise etched in its commitment to create opportunities that drive positive change in the communities it serves. By leveraging the power of technology, Branch has been able to reach underserved populations, enabling them to gain control over their financial journeys.

In conclusion, Branch’s “Here For You” campaign serves as a testament to its unwavering commitment to empathy and customer-centricity. Its vision to transform the lending landscape, coupled with its mission to empower individuals with seamless digital lending solutions, sets Branch apart as a trusted partner in times of financial need. With a corporate character grounded in financial inclusion and a brand promise to drive positive change, Branch stands ready to support individuals and communities, one loan at a time, and with even more offerings like free wallet transfers, cashback rewards on bill payments, debit cards and most importantly, ever listening ears to customer needs.

To find out more about Branch and to access quick loans for your needs, visit www.branch.com.ng 

In a ground-breaking partnership, Truthware Solutions Ltd and Iyconsoft Ltd are excited to unveil MyCaller Alert Service, a pioneering caller identity solution crafted for the African and emerging markets. This product was specially designed to mitigate the recurring problem of scam calls, spam calls and to reduce the anxiety with receiving unwanted and unsolicited calls. This product is for individuals who want a measure of control with the calls they respond to daily not having to remain anxious each time a phone call is received. 

The General Manager of Truthware Solutions Limited, Mr Adebayo Osidibo reflecting on exceptional customer experience with MyCaller service noted that unlike other available caller identity services which require mobile data access, MyCaller is a democratized system where customers do not need mobile data to enjoy the service.

MyCaller is engineered to work flawlessly without the internet and is compatible with any type of phone, bridging the technological gap in regions with significant feature phone penetration and limited broadband availability. This innovation ensures that every phone user, regardless of their device type or internet access, can now effectively combat spam, scam, and unidentified callers. MyCaller service is currently available on the Airtel Network as a VAS subscription service and it is accessible to all Airtel subscribers by dialing the  short code *4552#.  

Mr Ikechukwu Kalu, Founder/CEO Iyconsoft stated that “MyCaller is a true indigenous solution developed by our team of top telecoms and software engineers, the technology powering MyCaller holds a certificate of patent according to the Patents and design Act of Nigeria. Furthermore, the technology was reviewed and passed with no objection by the National Information Technology Development Agency on August 8th 2021 for deployment on operators’ network in Nigeria. With such documented design and rigorous quality assurance process, we are sure that Subscribers on the Airtel mobile network will enjoy a superior and cutting-edge product.”

Iyconsoft Ltd is a technology company based in Lagos focused on providing innovative software solutions and services to businesses in Africa and Emerging markets. Iyconsoft owns the technology patent for Wireless Caller Identity Solution in Nigeria. 

Truthware Solutions is an innovative company formed to empower organisations to improve service delivery, operational excellence and digital transformation.

Together, both companies are set to re-shape the experiences of millions of network subscribers across Nigeria. MyCaller services is currently available on the Airtel Network across the country and this will expand to other Networks in time.

The digital realms of online gambling and cryptocurrencies have both experienced rapid expansion lately. This surge has not gone unnoticed by cybercriminals who are keen to exploit any security gaps. If you’re an online bettor, particularly one who uses cryptocurrencies, it’s crucial to understand the cybersecurity hazards you could face. Trusted websites, such as 1xbet ng, which has a review at a link, always improve their protection, but being attentive always pays off. This guide is designed to arm you with the essential information for secure online betting in today’s digital landscape.

The Escalation of Cyber Threats in Digital Wagering

Platforms for online betting are attractive hunting grounds for cybercriminals. The threats range from attacks that stuff credentials to vulnerabilities in multi-factor authentication systems. Both DraftKings and FanDuel, leading platforms in online betting, have fallen victim to credential-stuffing attacks, leading to unauthorized access and data theft.

The Fragility of Cryptocurrencies: A Reality Check

While cryptocurrencies like Bitcoin and Ethereum are often praised for their robust security mechanisms, they are not impervious to cyber threats. Their decentralized structure may protect them from centralized control but also makes them enticing targets for cybercriminals.

The Ronin Network Incident: A Cautionary Tale

The most significant cryptocurrency theft to date occurred in 2022 when the Ronin Network was hacked, resulting in a loss of approximately $620 million. This event eclipsed the previous record set by the 2018 Coincheck hack, which had a loss of $420 million. The Ronin Network incident serves as a grim reminder that even seemingly secure networks can be breached.

The Downfall of Mt Gox

Another monumental security breach was the Mt Gox exchange hack, where $460 million was lost. At its zenith, Mt Gox handled 70% of all Bitcoin transactions. The breach occurred over several years but was only publicly acknowledged in 2014. About 850,000 Bitcoins were stolen, and their current value is substantially higher.

The Surge of Cryptojacking

Cryptojacking is an emerging menace in the cryptocurrency sector. It involves the use of malicious software to mine cryptocurrencies on an unsuspecting user’s device. The 2022 SonicWall Cyber Threat Report revealed a 19% year-on-year surge in global cryptojacking incidents in 2021.

Rule 1: Opt for Reliable Platforms

Choose online betting platforms known for robust cybersecurity measures, such as stringent password requirements and multi-factor authentication.

Rule 2: Understand the Risks of Credential Stuffing

Credential stuffing is a method employed by cybercriminals to gain unauthorized entry into accounts by leveraging stolen login details. Always use distinct passwords for your betting accounts.

Rule 3: Maintain Updated Software

Obsolete software can present security loopholes that can be exploited by hackers. Consistently update both your betting application and your security software.

Rule 4: Exercise Caution with Pump and Dump Tactics

In 2022, several public figures, including Logan Paul and Ben Phillips, were implicated in cryptocurrency pump and dump schemes. Conduct thorough research before investing in any cryptocurrency, which you may plan to use in betting.

Rule 5: Vigilantly Monitor Account Activity

Continuously scrutinize your betting and cryptocurrency accounts for any unauthorized or suspicious transactions. Act promptly if you detect anything unusual.

Rule 6: Utilize Hardware Wallets for Cryptocurrency Storage

Hardware wallets are generally considered the most secure method for storing cryptocurrencies. Companies like Ledger offer secure hardware wallets, although they were targeted in a 2020 phishing attack.

Rule 7: Be Skeptical of Phishing Attempts

Phishing attacks often disguise themselves as emails or messages from legitimate entities. Always verify the source and avoid clicking on dubious links.

Rule 8: Implement Multi-Factor Authentication

Multi-factor authentication provides an additional security layer. It’s recommended to enable this feature for both your betting and cryptocurrency accounts.

Rule 9: Regularly Back Up Crucial Data

Always keep backups of vital data, such as your betting history and cryptocurrency wallet information. This can be a lifesaver in the event of a cyber intrusion.

Rule 10: Keep Abreast of Cybersecurity Developments

Stay current with the latest trends and threats in cybersecurity. Being well-informed is your strongest safeguard against cyber threats.

Conclusion: Smart Betting in a Digital World

In today’s era of virtual wagering and digital currencies, making cybersecurity a top priority is absolutely essential. By following these ten key steps, you’ll not only fortify your online safety but also freely indulge in the thrills of internet-based betting, all while maintaining a secure environment.

9 Payment Service Bank (9PSB), Nigeria’s foremost digital payment service bank focused on financial inclusion, participated at the recently held Nigeria Fintech Week (NFW), alongside other industry players. This year’s edition is themed: ‘Fintech: Resilience, Innovation & Diversification.’

The Head of Business Development and Strategy, 9PSB, Akeem Salam, while delivering a paper titled: ‘Financial Inclusion: Bridging the Gap Through Resilience and Innovation,’ noted that 9PSB works relentlessly in fulfilling its primary mandate from CBN – driving financial inclusion.

Highlighting the major barriers to financial inclusion, Salam stated, “There are many barriers to financial inclusion, however, the major barriers are geological distance, high cost of services, gender and age discrimination, lack of trust and cumbersome requirements. Many financially excluded individuals do not trust the system. Trust is built through education. This is why 9PSB partners with government bodies to educate the financially excluded through empowerment programmes.

On changing the narrative with collaboration and innovation, Salam noted that the gap can be bridged through resilience and innovation, branchless banking, women/youth empowerment, financial literacy, and the harmonization of ‘Know Your Customer’ (KYC) databases.

“At 9PSB, we understand the need to do things differently. We collaborate with other fintechs to open new markets and further deepen financial inclusion which is in line with our primary mandate. 9PSB is still open to more collaborations, which exist amongst competitors. These collaborations will foster financial inclusion through financial literacy,” he added.

The Nigeria Fintech Week is an annual event dedicated to bringing together industry leaders, innovators, and stakeholders in the financial and technology sectors. 

Blot Beauty, a leading innovator in the beauty industry, is proud to announce a groundbreaking pivot towards a future where technology meets beauty in Africa. This strategic shift represents Blot Beauty’s commitment to empowering individuals of African heritage with personalized and data-driven beauty experiences. 

Africa, with its diverse cultures and unique beauty needs, has long been underserved by the beauty industry. Blot Beauty recognizes the potential and beauty diversity of the continent and is poised to revolutionize the way beauty products are discovered, selected, and experienced. 

Key Highlights of Blot Beauty’s Transformation: 

Digital Shade Matching: Blot Beauty’s digital shade matching technology analyzes over 11,000 foundation products to help users discover their perfect shade with unmatched accuracy. 

Personalized Skincare: The new platform leverages AI and data analytics to offer personalized skincare recommendations based on individual profiles, including skin goals, geography, genetics, lifestyle, and buying habits. 

Virtual Try-On: Users can now virtually try on selected products in real-time, ensuring that each purchase aligns perfectly with their unique style and complexion. 

Blot Beauty’s pivot represents a profound change in how individuals approach beauty. It goes beyond shade extensions and product offerings; it redefines inclusivity, transparency, and personalization in beauty. 

The founder and CEO of Blot Beauty, Olufunke Tonye Preghafi, remarked, “Our vision is to digitize and democratize beauty for Africans, providing them with the tools and knowledge to make informed choices about their beauty regimen. We understand that beauty is deeply personal, and our mission is to make it accessible and empowering for everyone.” 

This transformation journey is a testament to Blot Beauty’s dedication to its customers. By harnessing the power of technology, Blot Beauty aims to create a more inclusive,

accessible, and personalized beauty experience for all Africans. As the first African beauty brand to embark on this journey, Blot Beauty sets a new standard for the industry. 

For media inquiries or more information about Blot Beauty’s latest pivot, please contact: Info@blotbeautycosmetics.com

Get ready for the most anticipated event of the year, as the Africa Startup Festival 2023 makes its debut at the prestigious Landmark Event Center in Lagos on November 11, 2023. The theme of the Africa Startup Festival is Fueling the rise of innovative African Startups and this event is poised to take the lead in shaping the discourse on the future of entrepreneurship and innovation within the African tech ecosystem. The Africa Startup Festival will bring together a diverse group of founders, innovators, and entrepreneurs who are pioneering the technology landscape in Africa.

This exhilarating event promises a plethora of exciting activities, including:

A Deal Room sponsored by Airtel which provides startups with a unique opportunity to present their products and outline their future projections to investors whose interests align with their vision.

A Job Board hosted by Jobberman which will facilitate connections between job recruiters and promising talents, enabling companies to tap into a pool of skilled professionals.

Exhibitions from various startups across Africa aimed at showcasing their groundbreaking innovations, thus adding a dynamic element to the festival.

Thought-provoking Panel Sessions spotlighting the current state of technology in Africa, its future trajectory, and its broader impact. The Africa Startup Festival Panel Sessions comprises of brilliant speakers with Skin in the Game such as David Adeleke, Tage Kene Okafor, Napa Onwusah and a host of others.  

Informative and Practical Masterclasses led by industry experts and visionaries. These masterclasses are practical, and are aimed at showing what is possible, what can be done and not just speaking. 

This year, the Africa Startup Festival will be a stage for Africa’s visionary leaders and emerging talents to shine. The exhibitions will feature a diverse array of startups from across the continent.

The Africa Startup Festival is designed to be an immersive experience, celebrating the richness and potential of the African Tech Ecosystem. It aims to bring founders, talents, and investors together under one roof, fostering invaluable connections that can propel startups to new heights and lay the foundation for future collaborations and innovations in Africa.

Undoubtedly, the African Startup Festival is a catalyst for development, innovation, and transformation within the African Tech Ecosystem.

For media inquiries, sponsorship opportunities, exhibition details, or event registration, please visit www.africanstartupfestival.com, follow Africa Startup Festival on Instagram and twitter @startupfesthq or simply send an email to info@africastartupfestival.com.  

About African Startup Festival: Distinguished as one of Africa’s premier dealmaking and networking events, the Africa Startup Festival is a celebration of innovation, growth, and community within the African Tech Ecosystem. It brings together industry experts and leaders, fostering networking and the exchange of valuable insights and opportunities, while simultaneously providing startups with the frontiers they need to fuel their growth.

The Alternative Bank has announced the launch of Wastebanc, Nigeria’s first digital recycling initiative dedicated to transforming the recycling landscape. With a strong commitment to sustainability and envisioning a world where recycling drives environmental preservation and community well-being, Wastebanc is set to provide an innovative benchmark for responsible waste management and sustainability practices.

This was disclosed during the product launch in Lagos, with key stakeholders in the financial and waste management industries in attendance. During a live demonstration of Wastebanc’s innovative platform, it was revealed that the initiative incentivizes users for their eco-friendly contributions, allowing them to earn rewards by responsibly depositing recyclables, fostering personal engagement, and benefitting from their environmental actions. Additionally, the app streamlines recycling by enabling convenient pick-up requests and scheduling from preferred locations.

Speaking at the product launch, Mohammed Yunusa, Director of Digital Business and Innovations, The Alternative Bank emphasized, “Wastebanc isn’t just an app; it’s an ambitious initiative designed to empower individuals, businesses, and communities to profitably engage in recycling while safeguarding our planet’s future. The app offers a user-friendly interface that seamlessly connects users to a network of recycling resources, incentives, and an innovative approach to waste management, making a significant and measurable impact on our environment.”

This initiative signifies a notable collaboration as Alternative Bank partners with The Lagos Waste Management Authority (LAWMA). This partnership underscores the joint commitment to fostering a greener, more sustainable future.

LAWMA’s Managing Director, Dr. Muyiwa Gbadegesin, expressed his excitement about the collaboration, stating, “Our partnership with Alternative Bank and the introduction of the Wastebanc app represent a great significant step forward in our collective effort to encourage responsible waste management practices in Lagos. Together, we aim to promote environmental consciousness and incentivize communities to actively participate in recycling initiatives for a healthier Lagos.”

In his remarks, Abubakar Suleiman, CEO, Sterling Bank Limited, noted, ‘’We are confident that this collaboration with LAWMA serves as a testament to our shared dedication in cultivating a sustainable ecosystem, propelling us towards a future where responsible waste management is a fundamental pillar of a thriving, environmentally conscious society.”

He further added, ‘’Wastebanc is poised to extend its reach to encompass all states within Nigeria. Our ambition is to ingrain this transformative approach to recycling nationwide, fostering a more sustainable and responsible waste management culture that transcends borders and resonates throughout every community.”’

Hosted at the Norrsken East Africa campus, Norrsken Africa Week will connect global investors from Europe and the Middle East with entrepreneurs, investors and government delegates from across Africa. 

More than 1000 investors, business delegates and entrepreneurs will attend the inaugural Norrsken Africa Week in Kigali on November 8 and 9, Norrsken East Africa, Africa’s biggest hub for technology innovation and entrepreneurship announced today. Delegates include global investors, business and government delegates, and leading technology ecosystem stakeholders across Europe, the Middle East and Africa. 

Funding to African startups declined to $1 billion during the first Half of 2023, contrasting with $1.5 billion in the second half of 2022 and $1.8 billion in the first half of 2022. The world of finance may be cyclical, but the trusted relationships that sustain innovation and unlock capital, do not need to be cyclical. Norrsken Africa Week is designed to function as a bridge facilitating connections between capital allocators and innovators in Africa. 

Pascal Murasira, Managing Director of Norrsken East Africa noted the importance of the inaugural Norrsken Africa Week to building Africa’s budding ecosystem,“Bringing global investors, African VC firms and Limited Partners together to facilitate meaningful connections between African founders, global business leaders, public officials and regulators is exactly why Norrsken House Kigali exists. We’re proud to not just be the home of innovation, but also function as a clearing house for investors, talent and innovators in Africa,” said Pascal Murasira, Managing Director of Norrsken East Africa. 

Founded in 2016, the Norrsken ecosystem is a global non-profit dedicated to helping entrepreneurs solve the world’s greatest challenges. Africa’s technology and innovation

landscape has always taken on some of the continent’s biggest challenges, and a string of success stories have further highlighted the continent’s potential. It has also attracted the attention of global investment firms to the dynamic local innovation ecosystems across the continent.

ABOUT NORRSKEN EAST AFRICA 

Norrsken East Africa is Africa’s biggest hub for innovation and entrepreneurship. Built on the former historic Ecole Belge in downtown Kigali, the Norrsken House Kigali campus, is a vibrant community of more than 1000 entrepreneurs, startup teams and businesses building solutions and services that take on Africa’s biggest challenges. Find out more at https://www.norrsken.org/eastafrica

• MetaMask, in collaboration with Blockaid, a leading web3 security provider, launches security alerts that help stop malicious transactions before they happen, protecting users from scams, phishing, and hacks.
• MetaMask and Blockaid developed a privacy-preserving module to simulate transactions while removing the need for users to share data with third parties.
• Blockaid was recently able to protect over $100,000 of assets from being stolen in a high-profile case involving a hack of Ethereum co-founder Vitalik Buterin’s X account. 
• Based on previous trends, when available to 100% of the MetaMask users, these alerts aim to prevent billions worth of assets from being stolen.
• Nigeria is among the top 3 markets globally for MetaMask in terms of number of users.

Today, MetaMask, the world’s leading self-custody web3 platform developed by Consensys, and Blockaid, a leading web3 security provider, announce the launch of privacy-preserving security alerts in the MetaMask extension. This new feature makes MetaMask the first self-custody web3 wallet to integrate native security alerts, proactively preventing malicious transactions, protecting users from scams, phishing, and hacks, all while preserving users’ privacy. MetaMask and Blockaid estimate that these privacy-preserving security alerts, available to all users globally, aim to prevent billions worth of assets from being stolen. The official launch is slated to commence on October 31st, 2023, with the ability for desktop users to opt-in under the MetaMask experimental setting. The feature will debut on the MetaMask mobile app later in November. By the first quarter of 2024, this new feature will be seamlessly integrated and enabled into the wallet by default, and the intention is to make it available to 100% of MetaMask’s users.

The First Wallet To Enhance Security Without Compromising Privacy 

Most web3 wallets rely on sharing users’ transaction data with a third party for validation to provide security alerts. In contrast, MetaMask and Blockaid have pioneered a unique privacy-preserving module that effectively simulates transactions while eliminating the need to share every single transaction and signature request with external parties.

“With these native privacy-preserving security alerts, MetaMask is not only enhancing user safety but also setting a new standard for privacy-preserving security in the web3 ecosystem. Privacy is a core value of web3 and should not need to be sacrificed to improve usability. Instead, it should be a guiding principle in the development of solutions to improve the space. As we continue to innovate, we remain committed to empowering users and providing them with the tools they need to navigate the world of web3 with confidence”, said Dan Finlay, Co-Founder of MetaMask and Chief Ethos Officer at Consensys.

Blockaid already has an established record of preventing theft. When Vitalik Buterin’s X (formerly Twitter) account was hacked to promote a malicious dapp, Blockaid’s proactive scanning was able to flag the bad actor and stop over $100,000 in digital assets from being stolen. When a similar scam targeted the CEO of Uniswap’s X account, Blockaid was able to prevent any losses from transpiring at all. These types of attacks occur regularly, so losses averted quickly add up.

A Game-Changer For User Safety, Protecting Billions Of Dollars In Assets

The web3 ecosystem is dynamic, with approximately 3-4 new dapps emerging every minute, translating to around 5,000 per day. Blockaid estimates that about 10% of these dapps are malicious. Unintended transaction outcomes have ranked among the most common causes of fund loss incidents within MetaMask. Security alerts that proactively thwart malicious transactions are pivotal in safeguarding users against scams, phishing, and hacks. In a recent survey commissioned by Consensys on the perceptions of web3, 52% of Nigerian respondents cited “too many scams” as one of the primary barriers for entering the crypto ecosystem, underscoring the importance of increasing user safety to broader adoption.

In April 2023, MetaMask and Blockaid jointly introduced Opensea security alerts as an experimental opt-in feature. This feature garnered adoption from an average of 4% of MetaMask users and effectively averted asset theft valued at $500 million, based on prevented and identified malicious transactions since April 2023. Due to the success of this experimental opt-in feature, MetaMask and Blockaid anticipate that the new privacy-preserving security alerts will prevent the loss of assets worth at least billions dollars when the feature becomes a default setting for MetaMask wallets. 

“For the ecosystem to be ready for billions of users, it needs to be safer,” said Ido Ben-Natan, Co-founder and CEO of Blockaid. “We’re excited to be working with MetaMask on leading the charge in defining how a wallet should defend its users. Together we are setting the standard for web3 security across users and builders in the space.” 

“In our commitment to prepare for the broader adoption of web3 by the next billion users, we acknowledge the importance of developing features that prioritize ease of use and accessibility while staying aligned with the core values of web3. This is the driving force behind our focus on creating a privacy-preserving version of security alerts, one that eliminates the need to share each transaction and signature request data with third parties. Blockaid’s dapp transaction validation solution protects users from malicious transactions without compromising their privacy”, added Barbara Schorchit, Senior Product Owner at MetaMask.

In September of this year, MetaMask introduced MetaMask Snaps for advanced users, with a Transaction Insights category. While the new privacy-preserving security alerts will be seamlessly integrated within MetaMask, users worldwide will continue to have the opportunity to incorporate their preferred security layers by installing transaction insights via MetaMask Snaps. The new security alerts are meant to supplement rather than replace Transaction Insights Snaps, creating multiple layers of protection.

Education remains key

Blockaid’s partnership with MetaMask will have a substantial impact on bolstering security, but education remains pivotal in ensuring that users engage with the web3 ecosystem in a safe and self-managed manner. In January 2023, MetaMask unveiled MetaMask Learn, a learning simulation platform meticulously crafted to assist users in navigating the intricacies of the web3 landscape and self-custody wallets. This platform seamlessly integrates visual learning methodologies with action-oriented testing, offering a comprehensive and engaging approach to understanding the complexities inherent in web3 concepts. The recently launched module on Security aims to specifically educate users on how to identify malicious activity and keep their assets safe.

Media Contact:

pr@consensys.io 

About MetaMask 

MetaMask is the world’s leading self-custody web3 platform with 19 Million Monthly Active Users. Developed by Consensys, MetaMask is the most beloved and trusted way a global user base relies on to mint and collect NFTs, join DAOs, play games and participate in DeFi protocols.

About Consensys 

Consensys is the leading blockchain and web3 software company. Since 2014, Consensys has been at the forefront of innovation, pioneering technological developments within the web3 ecosystem. Through our product suite, including the MetaMask platform, Infura, Linea, Diligence, and our NFT platform, we have become the trusted collaborator for users, creators, and developers on their path to build and belong in the world they want to see. Whether building a dapp, an NFT collection, a portfolio, or a better future, the instinct to build is universal. Consensys inspires and champions the builder instinct in everyone by making web3 universally easy to use and develop on. To explore our products and solutions, visit https://consensys.io/.

About Blockaid 

Blockaid is a leader in web3 security. Founded in 2022 by alumni of Israel’s elite Unit 8200 cyber intelligence unit, Blockaid has quickly become the standard in blockchain protection. Its innovative suite of tools simulates transactions before execution, safeguarding integrated wallets and dApps like MetaMask, OpenSea, Zerion and Rainbow from fraud, phishing, and hacks.

By preemptively validating all transactions, Blockaid provides the security needed to help users trust using Wallets, dApps, and smart contracts. Operating out of offices in New York and Tel Aviv, the company has raised $33 million from top venture capital firms in cybersecurity, fintech, and web3 — Ribbit, Variant, Cyberstarts, Sequoia, and Greylock. Blockaid continues growing its network of partners as the most trusted name in web3 security. For more information, visit https://blockaid.io. 

Wallet by Telegram and Ivorypay, a crypto payment startup in Africa, have unveiled a strategic partnership aimed at fostering Peer-to-Peer (P2P) transactions and augmenting liquidity for users of Telegram Wallet in key African markets including Uganda, Kenya, Nigeria, Ghana, South Africa. This alliance sets the stage for further expansion of these services across the African continent, echoing a shared ambition for heightened financial inclusion and technological advancement in the region.

Earlier this year, Telegram marked its entry into the crypto wallet sphere, and this collaboration with Ivorypay is poised to significantly enhance the ease and efficiency of P2P transactions for Telegram Wallet users in Africa. Under the terms of this partnership, Ivorypay will offer its on/off ramp infrastructure to help facilitate P2P transactions on Wallet by Telegram, ensuring seamless crypto-to-fiat and fiat-to-crypto conversions.

Expressing his enthusiasm, Oluwatobi Ajayi, CEO of Ivorypay, remarked, “The partnership with Telegram Wallet is an exhilarating development. It not only stands as an endorsement of our technology but also resonates with our mission to simplify and democratise digital transactions across Africa.”

Ivorypay, with its innovative fintech solutions, has carved a niche in Africa’s crypto payment landscape, offering a diverse suite of services tailored to both business and individual needs. Among its array of offerings is Mansa, a mobile crypto payment wallet that epitomises the firm’s commitment to simplifying digital transactions, which is set to launch before the year ends.

On the other hand, Telegram, one the biggest messaging platforms in the world, will now give millions of Africans using its platform the opportunity access to a broad spectrum of crypto transactions.

This partnership with Ivorypay is a significant stride for Telegram Wallet in its journey towards establishing a robust presence in Africa, a market ripe with potential for digital payment solutions. Together, Telegram and Ivorypay are embarking on a journey to redefine the digital payment ecosystem in Africa, one innovation at a time.

Learn more about Ivorypay:

Twitter | LinkedIn | Instagram | YouTube

9 Payment Service Bank (9PSB), Nigeria’s foremost and innovative digital payment service bank focused on financial inclusion, has entered into a strategic partnership with XCHANGEBOX, a leading licensed Super-Agent service provider, to deliver agent banking solutions to rural, small, and medium-sized enterprises via their flagship product, PAYREP. The signing ceremony of the partnership took place at 9PSB head office in Victoria Island, Lagos.

The collaboration is aimed at facilitating the co-creation of products that will help to revolutionize customers’ payment experiences in Nigeria, with the goal to further deepen financial inclusion and bridge the gap between the banked and the unbanked/underbanked. Through this partnership, the PAYREP Agency Platform will be used to provide tailor-made services to its Agents, SMEs, merchants, and customers. 

The Chief Executive Officer of 9 Payment Service Bank, Branka Mracajac reiterated the bank’s commitment to financial inclusion during the signing of the Memorandum of Understanding between the two companies. She said this strategic partnership, will further deepen payment solutions. With the partnership, 9PSB and XCHANGEBOX can now offer more financially inclusive products and services by leveraging on its agent networks to reach small and medium-scale enterprises (SMEs), merchants and customers.

‘’For us at 9PSB, financial Inclusion is a key social objective and we have always partner with various key stakeholders in keeping our mandate by providing easy access to financial services to the unbanked and underbanked in rural and semi-urban areas. With this very particular partnership with XCHANGEBOX, we aim to provide exceptional products that will improve and deepen access to financial services across every nook and cranny in the country. This we hope, will excite all Nigerians and SME owners, and address their needs.” Mracajac added. 

Meanwhile, the Chief Executive Officer of XCHANGEBOX who was represented at the MoU signing ceremony by the Co-founder/CCO, Abiola Jimoh, said the company undertook the partnership to drive payment solutions especially in Northern Nigeria where most of its operations are based. He noted that the partnership would enable financial inclusion through its wide range of agent networks to customers, SMEs, and merchants by jointly creating specific products that will meet the growing needs of customers using its flagship platform, PAYREP.

He expressed optimism that the initiative would go a long way to address some of the specific challenges faced by agents and customers.

In a year marked by economic challenges, the Nimbus Aid Project has taken a significant step towards empowering women-led businesses in Nigeria. This was the focus of a prize-giving ceremony held on Saturday in Lagos, where the social impact initiative, driven by Nimbus Media Ltd, awarded 40 million Naira in advertising support to 20 inspiring women entrepreneurs.

Wale Adegoke, the CEO of Nimbus Media Ltd, set the tone for the event by acknowledging the hurdles businesses face in today’s ever-changing world. He emphasised the incredible potential for individuals and businesses to transform adversity into opportunity, a message of resilience that resonated with the audience.

In his opening remarks, the Nimbus Aid Project’s convener emphasised the importance of supporting women-led businesses, recognising them as the backbone of the nation; “Their unwavering commitment and sheer determination have allowed them to rise above the most trying circumstances. But they deserve more than just praise for their resilience; they deserve our collective support.”

“As a community, Nigerians must ensure that these businesses not only survive but thrive, and the Nimbus Aid Project exemplifies our shared commitment to this responsibility. It is a testament to what we can achieve when we come together to uplift and empower one another,” he added.

Uche Uzoebo, Chief Stakeholder Engagement Officer of SANEF Nigeria, in her keynote address, underscored the profound connection between building sustainable and inclusive business ecosystems and societal impact. She explained how the business landscape can catalyse positive change, emphasising the broader implications of fostering an environment that supports women-led businesses.

Also speaking, Dr Bunmi-Kole Dawodu, Lagos State Manager of SMEDAN, highlighted an essential point from a McKinsey report stating that if women participated in the economy at the same rate as men, the global GDP could increase by up to 26%. 

“To support and further advance women-led businesses, public policies should aim to create gender-sensitive policies and programs, ensure access to finance, resources, and networks, foster a supportive business environment that encourages entrepreneurship, and empower women entrepreneurs through training, education, and mentorship.” He added. 

Another speaker, Cikü Mugambi, CEO of Kobo 360, delivered an inspiring keynote speech, emphasising the transformative power of businesses in driving societal change and positive impact. Her words underscored the link between business success and making a difference in African communities.

In closing, Edward Israel-Ayide, Founder of Carpe Diem Solutions, expressed his gratitude to partners and sponsors such as FBNQuest, Guinness Nigeria, Marketing Edge, Endeavor Nigeria, SMEDAN, LSETF, NewsCentral TV, Atmosphere Wifi and TechCabal, who played pivotal roles in bringing the Nimbus Aid Project 2023 to life.

The Nimbus Aid Project, established in 2016, has a track record of fostering positive change. With a history of supporting 13 organisations, 11 of which were women-led, it has provided 35 million Naira worth of Digital Out-Of-Home (DOOH) advertising, generating over 2.8 million unique views to beneficiaries in key Nigerian cities.

In 2023, the Nimbus Aid Project renewed its commitment to gender equality and economic growth by offering over N40 million worth of advertising on Nimbus screens to 20 selected women-led businesses. This opportunity promises to enhance their visibility, connect them with new customers, and accelerate their growth.

Hey, Naija Fam! From Lagos to Abuja, Port Harcourt to Kano, we’re known for our hustle. But what if that hustle could give back in ways you’ve never imagined? What if each effort you put in could multiply your rewards? Let the trumpets sound… 🎺 Presenting SekiPartner, the rewards program that takes ‘you reap what you sow’ to an entirely new level!

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Are you in the market for a new and affordable smartphone in Nigeria? Look no further than OPPO! With their sleek designs, impressive camera systems, and powerful performance, OPPO phones have become a popular choice among tech enthusiasts. In this article, we’ll explore some of the top OPPO phones available in Nigeria, highlighting their Key Selling Points (KSPs) and specifications that will make you want to buy one.

1. OPPO A18:

The OPPO A18 is a fantastic device with its sleek design and impressive features. It boasts a 90Hz Sunlight Display display, MediaTek Helio G85 processor, 4GB RAM and comes in both 64gb and 128gb ROM capacities, also a powerful 5000mAh battery. Capture stunning photos with its AI dual camera setup and enjoy a smooth user experience. 

2. OPPO A38:

The OPPO A38 is a budget-friendly option that doesn’t compromise on performance. It features a 90Hz Sunlight display, MediaTek Helio G85 processor, 4gb RAM + 128gb ROM, and a long-lasting 5000mAh battery. With its compact size and reliable performance, the A38 is perfect for everyday use. SEE MORE ON A38

3. OPPO A58:

The OPPO A58 is a great choice for those looking for a mid-range device. It sports a 17.06cm2 immersive display, MediaTek HEelio G85 processor with dual stereo speakers, 6gb RAM, a 5000mAh battery and a 33W SUPERVOOC™ charger, also Capture beautiful photos with its 50MP AI camera and enjoy a seamless multitasking experience. SEE MORE ON A58

4. OPPO A78:

If you’re in search of a premium mid-range device, the OPPO A78 won’t disappoint. It features a 90Hz FHD+ AMOLED Display, 67 SUPERVOC™, Snapdragon™ 680 processor, 6GB RAM, and a massive 5000mAh battery. Take stunning photos with its AI triple camera setup and enjoy fast performance for all your tasks. SEE MORE ON A78

5. OPPO Reno8 T:

The Reno8 T comes in 5g and 4g variant and is well acknowledged for its 100MP portrait camera and microlens feature, it also features a 256gb + 8 gb expandable RAM and an AMOLED Display screen with corning Gorilla Glass (GG5), MediaTek Helio G99, 5000mAh battery with SUPERVOOC™ CHARGE. SEE MORE ON RENO8 T

These OPPO phones offer a range of features and specifications to cater to different needs and budgets. Whether you’re looking for a budget-friendly option or a premium mid-range device, OPPO has something for everyone.

The WIPO Nigeria Office (WNO), in collaboration with its implementing partner, The Orbra Company, is thrilled to reveal the top 21 startups chosen for Phase 2 of the inaugural WIPO IP Labs program in Nigeria after a rigorous selection process.

Out of 56 promising entrepreneurs in Phase 1, these 21 innovators demonstrated exceptional progress in transforming their ideas into impactful businesses leveraging intellectual property. The startups span diverse industries from AgriTech and HealthTech to Clean Energy, Fintech, Waste Management and more. The common thread is their focus on scalable solutions that align with Sustainable Development Goals.

The selected participants are:

Emmanuel Williams Stephen Adeyemo Thomas James Favour Leo-Adegun Adeyinka Meduoye Jummai Victor Tela Oluwafolakanmi Oyeleke Abdulazeez Salahudeen Chimobi Ogudu Alex Nwachukwu Chioma Nnanna

Abduljalaal Abubakar Richard Omole Noma Sodipo Precious Olufemi Adepoju Augusta Okafor Kamal Aliyu Uthman Alao Ifeanyi Enwu Taiwo Isola Michael Osumune

Phase 2 is set to kick off on Monday, 30th October 2023, starting with the IP Management Clinic, where startups will receive tailored support to scale and commercialize their innovations. 

During this phase, participants will engage in IP management clinics to solidify protection strategies. They will refine business models, sharpen pitches to attract investors, and accelerate their ventures from prototype to real-world impact.

On being selected, participants expressed excitement for the immense learning and growth opportunities in Phase 2. They are eager to transform their ideas into enterprises that uplift underserved communities.

WIPO heartily congratulates the Phase 2 participants and looks forward to closely tracking their entrepreneurial journeys. These talented innovators inspire hope for African solutions that achieve prosperity. Their success demonstrates the power of strategic IP management combined with purpose-driven tenacity.

Stay tuned for more updates as these startups pave the way for people, profit and planet through the WIPO IP Labs! For more information about the program, please visit the WIPO Nigeria website

IHS Holding Limited (NYSE: IHS) (“IHS Towers”), one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count, has today announced a one-year partnership with the Limitless Space Institute (LSI), a non-profit education and research organization. This partnership will commence in January 2024 and is designed to help broaden access to space education in our two largest markets. 

Through this collaboration, 20 science, technology, engineering, and mathematics (STEM) educators from Brazil and Nigeria will be invited to join the 12-month Limitless Global Educator Program and access a carefully curated space education curriculum. Delivered by experts from the Limitless Space Institute, educators will benefit from monthly virtual workshops with insights from guest speakers on space exploration and science, an invitation to attend the LSI Summer Institute in Houston, Texas, for one week and in-person visits from Limitless Space Institute representatives to Brazil and Nigeria for hands-on workshops.

The selected educators will be enrolled in the Limitless Global Educator Program and have access to tailored content in the Space Education Curriculum developed by the experts from the Limitless Space Institute. This curriculum covers a wide range of topics, including the significance of space exploration, the science underpinning space, its history, the economics of space, as well as sustainable exploration and space ethics. Through this program, teachers will be better equipped to inspire their students and new generations about the wonders and intricacies of space. 

Applications open November 1^st, 2023, via the Limitless Space Institute website, https://www.limitlessspace.org/global-educators/, and will close on December 6^th, 2023. 

Sam Darwish, Chairman & CEO, IHS Towers, said “I am incredibly excited to announce our partnership with the Limitless Space Institute as we seek to continue strengthening education opportunities with a particular focus on increasing access to STEM subjects. Engineering excellence is IHS’ lifeblood, and we could not be prouder to support the Limitless Space Institute’s mission to equip educators globally with the resources and experiences they need to teach science and technology. We hope that by partnering with the Limitless Space Institute we can contribute to bringing this exciting specialization to educators in Brazil and Nigeria, empowering them to spark a passion among their students on the wonders of engineering and space exploration.”

Kaci Heins, Director of the Limitless Space Institute, commented “We are thrilled to collaborate with IHS Towers in our pursuit to elevate global STEM education. Our mission is not just to educate, but to inspire the next generation to extend their exploration beyond our solar system. Educators and students are the heart of the future STEM workforce and space exploration. Equipped with the right resources, educators are poised to bring students to space-centric STEM disciplines. An energized educator lights the path for our future explorers. Space exploration, at its heart, stands for global unity and cooperation, which is pivotal for the collective advancement of humanity.”

Marco Antonio Chamon, President of the Brazilian Space Agency, said “I would like to congratulate IHS Towers and the Limitless Space Institute for their outstanding initiative in advancing STEM education on space-related topics for educators in both Brazil and Nigeria. It is crucial that space activities occupy a prominent position in the hearts and minds of the public, and education serves as the most direct way to accomplish this goal. The Brazilian Space Agency is proud to support this initiative in Brazil.”

About IHS Towers: IHS Towers is one of the largest independent owners, operators and developers of shared communications infrastructure in the world by tower count and is one of the largest independent multinational towercos solely focused on the emerging markets. The Company has nearly 40,000 towers across its 11 markets, including Brazil, Cameroon, Colombia, Côte d’Ivoire, Egypt, Kuwait, Nigeria, Peru, Rwanda, South Africa and Zambia. For more information, please email: communications@ihstowers.com or visit: https://www.ihstowers.com/br-pt 

About Limitless Space Institute: Limitless Space Institute is a non-profit organization whose mission is to inspire and educate the next generation to travel beyond our solar system and to research and develop enabling technologies. LSI advances the pursuit of relevant deep space exploration R&D through the following student-engaging programs:

• Internal R&D: pursuing in-house basic research at the Eagleworks Laboratories near Johnson Space Center.
• External R&D: directly funding academia-led R&D projects through Grants.
• Collaborative R&D: advancing research in collaboration with university partners.
• Scholarships & Fellowships: awarding scholarships for undergraduate, graduate, and postdoc students.
• Limitless Education: International educator professional development programming, space education curriculum development, k-12 grants for STEM education initiatives, and STEM education outreach.

For more information, please visit: https://www.limitlessspace.org/