Cellulant , a leading payments technology company, aims to change how businesses in Africa make and receive payments by introducing online and offline payment solutions.


The payments market in Africa is experiencing rapid growth, mainly due to advancements in peer-to-peer (P2P) and consumer-to-business (C2B) payment solutions. However, the fragmentation of payment processing continues to pose a significant challenge for businesses seeking to establish a presence in Africa.

Solving intractable problems is not new to Cellulant; founded at the height of Africa’s mobile technology boom in 2003, Cellulant is building Africa’s most comprehensive payments infrastructure. The company offers a single API payment platform that enables businesses to collect payments online and offline while allowing anyone to pay from their mobile money, local and international cards, or bank. Providing alternative payment methods for African consumers is particularly important on a continent that holds 70% of the world’s $1 trillion mobile money market. Card penetration sits at a 3% penetration rate – meaning global companies looking to expand into Africa need a payments partner that can offer alternative payment methods for the local market.

At the recently held 25th Annual Harvard Africa Business Conference in Boston, Cellulant’s Group CEO Akshay Grover stated, “Solving the payments challenges in Africa is not just about payments but accelerating global economic growth. Africa’s dynamic economies and lack of an established payment infrastructure have resulted in a unique occurrence on the continent. On the one hand, this has prompted the growth of payment platforms and solutions to meet the various needs of businesses and consumers, turning Africa into a centre of innovation in the payments sector. On the other hand, with multiple providers, a wide range of payment methods exists due to the absence of a consistent infrastructure enabling businesses to collect payments seamlessly or easily operate across borders. Therefore, a payments infrastructure in Africa must holistically address the needs of businesses and their consumers by making it easy to collect payments online and offline -regardless of the size of the business.”

Cellulant has built, Tingg, a payments platform that provides multinational and international businesses with a one-stop-shop solution for their payment needs across the continent. The payments gateway connects to over 370 payment methods from mobile money operators and banks across the continent to global and regional card switches such as Visa, Mastercard, NIBSS and Verve.

The payments platform has full-stack offline and online payment capabilities. It caters to businesses in various sectors, such as Airlines, Telecoms, E-commerce, Ride-Hailing, Retail and Remittances, enabling these businesses to deliver a frictionless payment experience to their customers. Today, Cellulant powers payments for renowned global companies such as Emirates, Bolt, KLM, Ethiopian Airlines, Glovo, Kenya Airways, and Jumia; and processes billions of dollars yearly.

SOURCE:https://brandspurng.com/2023/04/03/cellulants-payment-processing-platform-to-power-online-and-offline-payments/

National Association of Nigerian Students (NANS) Task Force on School Fees Increment NANS-SFIT, South West Zone has condemned the increase in tuition fees by the management of the Ekiti State University, Ado-Ekiti.

The body has therefore called on the Ekiti State Governor, Mr Biodun Oyebanji, to intervene and save the situation before it deteriorates.

In a statement by Comrade Wande Ajayi, the Chairman, and Comrade Adejuwon Olatunji, the Secretary of the Committee, they noted that the increase was not only inauspicious, but very untimely.

“The increment, which we regard is in bad faith, is aimed at pilling more untoward pressure on the already battered students of the institution considering the present state of the Nigerian economy. It is highly ignoble to test the will and might of already frustrated set of students who already are paying through the nose for the current fees.

“One wonders why they are hell bent on taking education away from the reach of the common man. We are appealing to the Ekiti State Governor, Biodun Oyebanji and the management of the school led by the Vice Chancellor, Prof. Edward Olanipekun, to immediately reverse the ungodly increment while they still can before Nigerian students, across the country are relocated to Ado-Ekiti.

“In line with the mandate bestowed on this committee by the NANS National Executive Council, we are giving the school management 48 hours to reverse the increment to status quo. A stitch in time, they say, saves nine.”

Recall that all the management of the institution recently increased the tuition fees payable by students from N100,000 to N150,000 for some courses and N350,000 to N750,000 for medical students.

SOURCE:https://brandspurng.com/2023/03/31/nans-school-fees-task-force-condemns-eksu-school-fee-increment/

The Food and Beverage Recycling Alliance (FBRA), in partnership with the United Nations Industrial Development Organization (UNIDO), held a seminar to raise awareness of the Promoting Sustainable Plastic Value Chains Through Circular Economy Practices for Recyclers Project in Abuja.

The aim of this collaboration is to contribute to Nigeria’s inclusive and sustainable industrial development and to reduce leakage of plastics into the environment.

The problem of plastic pollution has continued to grow in tandem with the increase in the use plastics, necessitating the application of measures to help mitigate the problem by ensuring a circular economy. One of such measures is the awareness-raising seminar targeted towards promoting circular economy principles and practices to ensure resource efficient production for plastic value chains in Nigeria.

Participants in the training included relevant stakeholders across the plastic value chain in Abuja and other states in northern Nigeria. Also in attendance were representatives from FBRA’s member companies, Plastic Waste Value Players: Waste pickers, Collectors, Aggregators, Recyclers and Off-takers. representatives from UNIDO, NESREA and the Federal Ministry of Environment were also present.

Amongst topics discussed during the technical sessions are Resource Efficient, Cleaner Production and its Benefits, Circular Economy, and Plastic Packaging. Nishio Nahomi, the UNIDO Project Manager, emphasised the importance of Promoting Sustainable Plastic Value Chains Through Circular Economy Practices for Recyclers project for Nigeria. Recommendations include the demonstration of Circular Economy through Resource Efficiency and Cleaner Production (RECP) assessments, adoption of innovative technology and partnership with pilot companies committed to exploring Japanese improvement options.

Mr. Chukwudi Nwabuisiaku, Assistant Director, Plastics Waste Control at National Environmental Standards and Regulations Enforcement Agency (NESREA), spoke on the need to adopt circularity within the plastic value chain. He also reassured the participants of the NESREA’s unwavering support for the success of the Promoting Sustainable Plastic Value Chains Through Circular Economy Practices for Recyclers project. Participants expressed their appreciation of the training and the impact it would have on their businesses. A representative of Boskel Nigeria Limited thanked FBRA for such an initiative and said he is eager to incorporate the new learnings in his business.

Rounding up the event, Victoria Uwadoka, Corporate Communications and Public Affairs Lead for Nestlé Nigeria Plc, a founding member company of FBRA, thanked everyone present and encouraged participants to continue to strive towards achieving the end goal which is plastics circularity. She also expressed the willingness of FBRA to continue to provide the support needed to transition to this circular economy for plastics in Nigeria.

SOURCE:https://brandspurng.com/2023/03/30/fbra-partners-with-unido-to-train-recyclers-and-manufacturers-of-plastic-in-abuja/

In commemoration of World Water Day 2023, Nestlé Nigeria took the message of responsible water management to over 160 children and teachers from public and private primary schools, in collaboration with the Ogun State Rural Water Supply and Sanitation Agency and the FCT Rural Water Supply and Sanitation Agency.

The events included a tour of the company’s water plants in Agbara, Ogun State and Abaji, in the Federal Capital Territory. Activities included games to help the children inculcate the right habits in the way they use, consume, and manage water, to help them become better stewards of this precious resource.

World Water Day is an annual United Nations observance to raise awareness about the importance of water and the impact of our actions on preserving this scarce resource today, and for future generations. The theme for this year’s celebration is “Accelerating Change”.

Joy Abdullahi-Johnson, Marketing and Category Manager for Nestlé Waters Nigeria said, “Water is the most critical natural resource for human survival, after air. It therefore needs to be managed in a way that is equitable, environmentally sustainable and economically beneficial. With the increasing pressure on our water resources, we all need to work together to preserve this vital resource we all depend on”.

“At Nestlé, we believe that equipped with the right information, children can become good stewards of the environment from an early age. We are therefore excited to be at the forefront of efforts to educate these young ones today”, she added.

In his comments at the Agbara factory, Mr Sola Ogunbor, the Program Manager Ogun State Rural Water Supply and Sanitation Agency, said, “World Water Day is another opportunity to emphasis the need for daily consumption of clean water in adequate amounts for optimal hydration and healthy living. Children can contribute to accelerating the needed change by adopting new behaviours on how they use, consume, and manage water in their daily activities, to avoid wastage of this precious resource”.

On her part, Chinyelu Obrike, Head, Water Supply, FCT Rural Water Supply and Sanitation Agency said while speaking at the Nestlé’s factory in Abaji said, “Every action, no matter how small, will make a difference. Children are agents of change. They are quick to learn and eager to pass across messages learnt to their friends, parents, teachers and peers. This educational advocacy will bring rapid transformative change needed to fast-track the achievement of SDG 6 – water and sanitation for all. We are happy to be collaborating with Nestlé Nigeria on this laudable initiative”.

Esther Samuel, a primary 5 pupil of Salvation Army School 1 Agbara, said, “I am very happy to be part of this event. I really enjoyed the tour of the factory. I have learnt a lot about how to use and conserve water, and not waste it. I am ready to practice what I have been taught at home and I will definitely teach my siblings and friends all I have learnt. I want to thank Nestlé and my school for giving me this interesting experience”.

Nestlé Nigeria is committed to protecting the environment for future generations. Caring for water is one of the ways we do this.

We reach over 8,000 children annually with information on healthy hydration and water conservation through the Nestlé for Healthier Kids initiative, a school-based nutrition education program.

We also work with stakeholders and partners to increase access to clean, safe water, sanitation, and hygiene facilities (WASH) for individuals and families as well as teachers and students in schools within our communities.

SOURCE:https://brandspurng.com/2023/03/31/world-water-day-2023-nestle-nigeria-educates-children-on-water-stewardship/

Lagos State Government (LASG) through the Ministry of Physical Planning and Urban Development has signed a Memorandum of Understanding (MoU), with eTranzact, a foremost Fintech Company, to curb unregulated development, manage setbacks and open spaces and improve beautification of the environment in Lagos State.

The Memorandum of Understanding will strengthen the partnership between Lagos State Planning and Environmental Monitoring Authority (LASPEMA) and eTranzact, to sanitise and regulate activities of setbacks and Incidental Open Spaces (IOS) and ensure physical orderliness in Lagos State.

With its MoU with the Ministry of Physical Planning and Urban Development, eTranzact, will deploy an integrated technology solution for data collection, management, and digitization of revenue collection processes from the informal business players operating on the setbacks and Incidental Open Spaces (IOS) in Lagos State to regulate setbacks/IOS and enhance the State Internally Generated Revenue.

The MoU was signed by the Commissioner for Physical Planning and Urban Development, Engr. Omotayo Bamgbose-Martins, who was represented by Special Adviser to Governor Babajide Sanwo-Olu on e-GIS and Planning Matters, Dr. Olajide Babatunde and Permanent Secretary of the ministry, Mr. Oluwole Sotire, who signed on behalf of the government and the Managing Director of eTranzact, Mr. Niyi Toluwalope and Group Head, Legal of eTranzact, Ms. Eme Godwin, who signed for the Fintech company.

Speaking during the signing of the MoU held at the State Secretariat in Alausa, Ikeja, Dr. Babatunde said the initiative was a public-private partnership that would yield a good result hence the need to take care of the environment.

He said the MoU is for accountability and in the interest of the general public in Lagos State, as well as improving the IGR of Lagos State.

Also speaking, the Managing Director of eTransact, Mr. Niyi Toluwalope, said his organization is partnering with Lagos State Government for social development, noting that the project would develop solutions on data, enumeration, reordering setbacks, putting incidental open spaces in an orderly manner, among other benefits.

He said: “eTranzact is a premier technology solutions company in Nigeria. Today we are partnering with the Lagos State Government and LASPEMA for the enumeration and data management of the occupants of the setbacks and incidental open spaces within the City. We are licensed by the Central Bank of Nigeria (CBN) to provide this service.

“The Lagos State Government has taken this laudable initiative to identify the setbacks, enumerate the people on these setbacks, do the necessary data capture, and manage the entire setback infrastructure in the State so that it is structured; following the proper model for setbacks, improves beautification, improves transparency within the environment and ensures that our critical urban infrastructure is well laid out properly to ensure Lagos functions as a major critical landmark with global recognition.

“We are committed to partnering with the State government to build a beautiful and prosperous Smart City for all. As Nigeria’s Super Fintech Choice, eTranzact is committed to providing payment technology support for all public and private stakeholders.”

Also speaking, the General Manager of LASPEMA, TPL Daisi Oso said the agency was saddled with addressing challenges that were associated with managing and regulating all activities on setbacks so as to ensure orderliness while leveraging technology.

He said the agency is saddled with the deployment of drones for mappings, collaborating with other ministries, departments, and agencies on urban development to improve security and order in the use of land in tandem with the state’s developmental plans to enhance social and political sustainability of businesses.

Oso also disclosed that Governor Babajide Sanwo-Olu in a bid to further align the LASPEMA’s mandate with the incumbent administration’s T.H.E.M.E.S Agenda graciously approved the partnership and the pilot project of some selected areas in Lagos State.

SOURCE:https://brandspurng.com/2023/03/29/lasg-signs-mou-with-fintech-company-etransact-on-management-of-setbacks-open-spaces/

The Board of Directors of the African Development Bank (AfDB) approved a grant of $28.49 million for Ghana to construct renewable energy infrastructure that will increase its renewable energy use by 10% through 2030.

With the latest Board approval of $28.49 million, the project’s total cost of $85.18 million is in the coffers. The African Development Fund, the Bank’s concessionary window, has provided $27.39 million while Switzerland’s State Secretariat for Economic Affairs and the government of Ghana have contributed $13.30 and $16 million respectively.

The project consists of the design, engineering, supply, construction, installation, testing and commissioning of renewable energy systems on the island communities in the Volta Lake region.

It is expected to contribute to closing gender gaps at the outcome level by creating 2,865 equitable jobs and livelihood opportunities out of which 30% will be for women and youth.

Under its New Deal on Energy for Africa, the African Development Bank seeks to promote the reduction of greenhouse gas emissions on the continent as well as light up and power Africa as part of its High 5 priority objectives for enhancing the continent’s socioeconomic development.

The project consists of the design, engineering, supply, construction, installation, testing and commissioning of renewable energy systems on the island communities in the Volta Lake region.

It is expected to contribute to closing gender gaps at the outcome level by creating 2,865 equitable jobs and livelihood opportunities out of which 30% will be for women and youth.

Under its New Deal on Energy for Africa, the African Development Bank seeks to promote the reduction of greenhouse gas emissions on the continent as well as light up and power Africa as part of its High 5 priority objectives for enhancing the continent’s socioeconomic development.

SOURCE:https://brandspurng.com/2023/03/29/afdb-approves-28-49-million-grant-to-enhance-ghanas-universal-electrification-goal/

Access Bank
Bank of Zambia, has announced its approval of the acquisition of the African Banking Corporation Limited (Atlas Mara) by Access Bank Zambia Limited and thereby announcing a merger between the two financial institutions.

According to a statement released by the Bank of Zambia assistant director-communications, Besnart Mwanza released on Saturday. He said that the two banks would operate as separate entities in the meantime while the process of regulatory consolidation and transitioning was completed.
He said “The Bank of Zambia announces that it has approved the acquisition of African Banking Corporation Limited (Atlas Mara) by Access Bank Zambia Limited and the subsequent merger of the two entities effective March 23, 2022. This approval is reflective of the Bank of Zambia’s commitment to financial system stability and support to the banking sector”.

The merger between the two banks was first announced in October 2021, when Access Bank Plc, entered a binding pact with Atlas Mara Zambia, which has now morphed into a full acquisition of Atlas Mara.

Access bank Zambia hopes to become one of the top lenders in the Southern African country with the new merger. It hopes to deliver 70 branches and agencies and total assets in the neighborhood of #$1 billion as well as over 300,000 customers in Zambia.

SOURCE:https://brandspurng.com/2023/03/28/bank-of-zambia-announces-merger-between-atlas-mara-with-access-bank/

As part of its aim to continue to make its operations in Nigeria competitive, profitable, and sustainable Unilever Nigeria Plc. announced changes in its business model that will accelerate growth and sustain profitability while enhancing its ability to meet consumer needs.


The 100-year-old consumer goods company will repurpose its portfolio while putting in place measures to make the business more efficient and fit for the future.

The company’s Managing Director, Carl Cruz, said, “All companies need to adapt to changing market circumstances and now is the right time for us to reposition Unilever Nigeria Plc. to better meet the needs of our consumers, shareholders, and employees. We are a truly Nigerian business and the oldest serving manufacturer in the country. By making these changes, we will unleash the sustained and profitable growth we need to be here for the next 100 years as well.”





Cruz noted that Unilever Nigeria Plc. is repurposing its portfolio by gradually exiting two categories, Home Care and Skin Cleansing, affecting only 3 brands (OMO, Sunlight and Lux) with the company better poised to drive the rest of its brand portfolio for growth into the future and strengthen business operations with measures to digitize and simplify processes.

SOURCE:https://brandspurng.com/2023/03/26/unilever-nigeria-reaffirms-commitment-to-strengthening-operations-in-nigeria/

The African region is recording around 4% annual decline rate in tuberculosis (TB) cases. Although the rate is double the global pace, the region risks missing major milestones and targets to end the disease if efforts are not scaled up rapidly.

The World Health Organization’s (WHO) End TB Strategy calls for countries to reduce TB deaths by 75% and cases by 50% by 2025 compared with the 2015 levels. To cross the 2025 milestone, the annual pace of reduction should reach 10% per year.

Yet despite the slowing pace towards the 2025 target, the African region has made progress in recent years. For example, TB deaths in the region fell by 26% between 2015 and 2021, with high burden TB countries surpassing initial targets to lower TB cases. Accelerating TB elimination progress is crucial. This year World TB Day is being marked today under the theme “Yes, we can end TB” to spur national action to bolster TB prevention and control.

“African countries have made remarkable progress against TB. The question is no longer about whether we can end TB, but how fast we must act to reduce the disease burden, save lives and maintain a high momentum towards a TB-free world,” said Dr Matshidiso Moeti, WHO Regional Director for Africa.

The End TB Strategy also sets 2030 targets to cut TB deaths by 90% and cases by 80% for which the annual reduction progress must be accelerated to 17%, and further reductions to realize the 2035 vision of a world free of TB.

African countries have increased the uptake of new WHO-recommended tools and guidance, resulting in early access to TB prevention and care and better outcomes. The proportion of people diagnosed with TB who were initially tested with a rapid diagnostic, for example, increased from 34% in 2020 to 43% in 2021.

However, major barriers to ending TB persist. They include limited access to health services, inadequate health infrastructure, insufficient quality of care, inadequate human and financial resources for health and inadequate social protection.

Underinvestment by governments in TB control programmes is a significant drawback to the fight against the disease. For instance, of the estimated US$ 3.9 million required for the African region’s 2018–2021 TB response plan, only US$ 957 million were mobilized each year for prevention, diagnosis and treatment of the disease.

Africa still records a significant gap between the estimated number of TB cases and those that are diagnosed. In 2021, the latest year for which data is available, an estimated 40% of cases were not reported or diagnosed. The region also accounts for 23% of the estimated global TB burden and over 33% of global TB deaths.

In September, a high-level meeting on TB will be held during the UN General Assembly bringing together heads of state to help ramp up action and accelerate TB control efforts.

“TB control efforts require concerted action by all: communities, governments, the private sector and international partners. Our region still suffers unacceptably high TB toll. Without robust joint efforts, this preventable and treatable disease will remain a serious public health threat with costly impacts for individuals and societies,” Dr Moeti said.

SOURCE:https://brandspurng.com/2023/03/24/africas-tuberculosis-reduction-rate-falls-short-amid-slowing-global-progress/

The success of mobile money in Africa is well known. If you’ve paid any attention to the continent’s financial and technology spaces over the past decade or so, you probably won’t be surprised to learn that it accounts for around 70% of the world’s US$1 trillion mobile money value.

You’d probably also be unsurprised to learn that in Kenya, the country that effectively kick-started Africa’s mobile money revolution, mobile money transactions now account for 56.8% of GDP. What you might not know is that mobile money has long played (and continues to play) an important role in empowering women across Sub-Saharan Africa.



That’s important because, despite gains in representation (in 11 African countries, women hold over a third of parliamentary seats, more than in Europe), gender inequality remains stark across Africa. While there are obviously differences from country to country, women throughout the continent fare worse than their male counterparts in a number of measures, including wages, investment, access to capital, and education.



Of course, mobile money can’t fix all of those issues on its own. That requires serious investment as well as shifts in policy and societal attitudes. But it can play a significant role in making life better for women across the continent, especially when it comes to financial inclusion.



Taking care of business



That’s not just conjecture either. Research conducted on behalf of the World Bank shows just how substantial the impact has been. It notes, for example, that mobile money has enabled Kenyan women to move away from subsistence farming and towards business and retail, helping alleviate poverty in the country.



The research further notes that, for individuals and households, mobile phones can help reduce transaction costs, lower travel costs, improve welfare by smoothing unexpected income shocks, increase security, and facilitate remittances.



Perhaps the most significant impact, however, lies in what mobile money can do for female entrepreneurs.



Using mobile money leads to a 19.8% increase in the likelihood of female-led businesses receiving investment from outside sources. Given that the average capital investment by female-owned firms is more than six times lower than the average for male-owned firms in Africa, that’s especially critical.

That same World Bank research shows that such female-owned businesses are then more likely to invest that money in fixed assets and their business’s expansion, more likely to offer credit to customers, demand credit, and have better relationships with suppliers



A state of constant evolution



It’s also worth noting that mobile money has evolved considerably since it landed on the African continent, further enhancing its ability to empower women.



Advances in interoperability, for example, mean that it’s easier than ever for people and businesses on different mobile money systems and in different countries to send and receive money. That has massive potential benefits for female entrepreneurs as it allows them to sell their products across borders without having to rely on traditional international ecommerce infrastructure that can be costly, resource intensive, and require business owners to travel away from home on a regular basis using unsafe or unreliable modes of transportation. Unlocking new markets is vital for any business’s ability to scale and grow.



In the coming years, mobile money will continue to evolve in new and innovative ways. And if history is anything to go by, then women will embrace and benefit most from those advancements.



Breaking barriers across borders



That’s because financial inclusion is the most effective way of reducing inequalities. That’s especially true for women. And few technologies have fostered that kind of inclusion as successfully as mobile money has. It has given unbanked communities and people in remote and rural areas the kind of access to financial services that would’ve taken far longer if they’d had to rely on traditional financial institutions. The fact that it’s had such a profound and lasting impact in elevating women across the continent should, therefore, never be underestimated.

SOURCE:https://brandspurng.com/2023/03/24/the-exciting-relationship-between-women-and-mobile-money-in-africa/

Social, political, and economic factors over the last few years have led to a significant shift in expectations from employees. For example, the global pandemic paved the way for a healthy work-life balance, which is why remote work is one of the most sought-after job perks. Throughout this article, we’ll take a look at employee business trends that every business needs to follow.

Higher Onboarding Investments
The employee experience starts with an effective job ad and everything in between from hitting apply and day one, which is why attention needs to be given to a properly executed onboarding process. The reason for this is pretty simplistic – employees want to feel as though they belong.

Successfully onboarding and retaining talent involves more than formal paperwork filing. Don’t be afraid to step outside of the ordinary by welcoming employees into your business with a dash of fun, including icebreakers, office outings, and flexible start times during week one.

A Focus on Employee Engagement
The essence of employee engagement is the communication between management and regular employees, which can be facilitated by technology. For example, thanks to tools like Microsoft Teams, Slack, and Zoom, business leaders can easily communicate directly with employees. Additionally, they allow company-wide surveys to be released, which can provide useful insights to inform positive change.

The Rise of Hybrid Workplaces
Once the global pandemic ended and businesses were able to operate in the real world, an obvious divide emerged between those that benefit from physical interaction and those that thrive in remote settings. Therefore, to cater to both types of employees, more businesses are taking offering flexibility through the hybrid approach.

To facilitate this high-in-demand job perk, business leaders are using tech tools, like employee time tracking with Shiftbase. Using tools like this allows remote workers to just get on with their work without interruption, as their team leaders don’t feel the need to constantly check on them.

Artificial Intelligence and HR
The rise of AI has finally come to a head, and it’s already having an impact on other trends. It is revolutionizing the way companies operate their HR operations including onboarding, employee engagement, staff training, and much more. For example, employee scheduling tools can be integrated with powerful AI systems that allow everyone to be more productive.

More Attention on Employee Wellbeing
Events of the past few years have promoted professionals to take stock of their mental health. Eventually, this led to the Great Resignation, which is an ongoing trend of people leaving jobs in search of roles that pay close attention to employee wellbeing. Businesses are using several tactics to fulfill this indeed, including:

Zero work on weekends.
No work-based communication after 6 pm.
Paid paternity leave to mimic maternity leave.
Mental health break days.
Free therapy to reduce burnout.
To make it through 2023 and beyond, businesses need to improve their employee experience on every single level, which means having flexibility and putting their needs first. Instead of offering monetary compensation, take steps to include several well-being perks.

SOURCE:https://brandspurng.com/2023/03/23/5-employee-experience-trends-every-business-should-follow-in-2023/

The Advertising Regulatory Council of Nigeria (ARCON) is set to hold its maiden edition of the annual Advertising Industry Colloquium with a focus on relevant areas of marketing communication.

BrandSpur Nigeria reports that the Advertising Industry Colloquium is scheduled to be held on 30th March 2023 at the Lagos Sheraton Hotel, Ikeja.

Speaking at media briefing held on Wednesday, 22nd March, 2023, Professor Rotimi Olatunji, Chairman of the Planning Committee of the colloquium while elaborating on the event, mentioned that the schools were selected from ARCON’s database of accredited schools from each geo-political zone with mails sent to them, requesting if they were interested and only those who responded were selected.

The following universities made the list of academic institutions that were invited as participants: Adeleke University, Ede; Fountain University, Osogbo; Pan-Atlantic University, Lagos; Caleb University, Imota; Covenant University, Ota; Ajayi Crowther University, Oyo; Elizade University, Ilara Mokin, Fed Polytechnic, Nekede; University of Ibadan and Al-Hikman University, Ilorin.

He explained that in addition to the participating universities, the following universities have also been selected for the Creative Pitch Competition. These are: Rivers State University, Port Harcourt; Ebonyi State University; Babcock University, Ilisan’ Bingham University, Abuja; University of Ilorin and Lagos State University.

“This Colloquium is a one-day event organised by the marketing communication industry sectoral groups and powered by the Advertising Regulatory Council of Nigeria (ARCON). The primary objective is to provide the forum for academics and students of Mass Communication, Advertising and other components of the integrated marketing communication (IMC) to interact with professionals in Advertising/other components of the IMC, media practitioners, policymakers and regulatory agencies. The theme of the Colloquium is “Changing Trends in Advertising Education and Practice in the Era of Globalisation: The Nigerian Perspective,” he explained.

The Chairman also noted that the Panel of Judges were drawn from advertising sectoral groups and would be unveiled during the competition while revealing that prizes will be awarded to institutions with the most creative pitches.

According to Prof. Olatunji, the colloquium is the brainchild of the able Director-General of ARCON, Dr. Lekan Fadolapo who, on assumption of office, constituted the Advertising Industry Colloquium and Journal Committee. This, he stated, includes to plan, organize and implement the first Annual Advertising Colloquium for academics and professionals in the marketing communications industry as well as to plan, edit and publish an annual academic journal for the advertising profession in Nigeria.

The distinguished academic elaborated some of the objectives of the Colloquium thus: “The main objective of the colloquium is to deepen knowledge and provide insights into required skill for success in advertising education and practice in the contemporary era of globalisation.

“The specific objectives are: to provide a platform for interaction between Town and Gown for the examination of current and topical issues in Marketing Communications in Nigeria.

“Sensitize academics and students of Communication and Media studies to key requirements for career success in different areas of marketing communication in the era of digitalization.

“Discuss contemporary trends in creative advertising planning and execution; media campaigns and execution; digital marketing processes; and advertising regulation.

“Provide opportunities for students in the field of Communication and media to showcase their creative knowledge and skills in advertising campaign planning.”

SOURCE:https://brandspurng.com/2023/03/23/arcon-set-to-hold-maiden-advertising-industry-colloquium-in-lagos/

Flutterwave, Africa’s leading payments technology company, has today announced that it has received its Electronic Money Issuer and Remittance Licenses from the National Bank of Rwanda. This will help the company expand its operations in East Africa.

With these new licenses, in addition to being a Payment Service Provider, Flutterwave can offer money deposit and withdrawal, electronic funds transfer, as well as inbound and outbound remittance services to the 13.46 million people living and working in Rwanda.

According to Rwanda’s National Institute of Statistics, Micro, Small & Medium Enterprises (MSMEs) in Rwanda account for about 97% of businesses and contribute almost 55% to the total GDP. That makes MSMEs critical to job creation and the economic growth of the country.

Flutterwave will be deploying a range of products in Rwanda, including Send by Flutterwave, its cross-border money transfer solution. Also available will be Flutterwave for Business and its suite of products, including Store, payment links, invoices and checkout to help individuals and businesses in Rwanda make the most of the booming eCommerce market.



Olugbenga “GB’ Agboola, Founder and CEO of Flutterwave, commented on the news, “From our first transaction to over 400 million now, we’ve remained committed to our vision of connecting all parts of Africa through payments and connecting Africa to the world. As a country well known for fostering innovation and promoting the use of digital technology, Rwanda has always been important to our expansion plans in East Africa. We are delighted for the vote of confidence in being granted these licenses. With them, we will leverage our extensive global reach and continuous growth in emerging markets to provide MSMEs in Rwanda with the tools they need to stimulate the economy, facilitate seamless cross-border transactions for Rwandans and support the expansion drive of global and Rwandan businesses.”

Commenting on the news, Leah Uwiroheye, Flutterwave’s East Africa Regional Lead, Regulatory and Government Affairs, said, “This is a great achievement for the company. As Rwanda continues executing important reforms to enhance the ease of doing business and implementing its Fintech Strategy 2022-2027, Flutterwave keeps contributing towards achieving a cashless economy by innovating and employing digital technology to support businesses and stimulate the economic growth of countries where we operate. The licenses will enable us to provide safe, secure and seamless payment services for individuals and businesses in Rwanda. This is definitely a starting point for Flutterwave as we continue to expand across East Africa.”

SOURCE:https://brandspurng.com/2023/03/17/flutterwave-secures-two-additional-licenses-in-rwanda/

MTN Nigeria has disclosed its plans for a merger with two financial institutions Momo Payment Service Bank Limited and Yello Digital Financial Services Limited.

The telecommunication giant revealed its plans at the 2023 Annual General Meeting scheduled to be held in April.
The company revealed that the proposed merger will “hold the Payment Service Bank license granted by the Central Bank of Nigeria and will also be capable of performing super-agent services and other permissible activities”.

Momo PSB is the payments unit of MTN Nigeria Communications Plc, and it began its operations in 2022 on the same day as Airtel Africa launched a similar fintech solution.

Karl Toriola, CEO of MTN Nigeria who spoke about MOMO, disclosed that it was aimed at supporting the Federal Government’s plan for financial inclusion in Nigeria.

He said, “Not just for those in urban centers and markets, but also people in rural and remote areas of the country who remain excluded from the financial system,”.

While CBN granted MTN’s Yello Digital Financial Services Limited a full Super Agent License in 2019.

Super agents are businesses licensed license by CBN to recruit agents and provide financial services to communities on behalf of banks to increase financial inclusion.

MTN Nigeria also added that the proposed merger will add enhanced value for the company as well as its shareholders.

However, MTN directors have proposed a scrip dividend plan that would give interested shareholders the option to elect and receive new ordinary shares in the company instead of receiving their dividends in cash.

When passed at the MTN’s Annual General Meeting, the scrip dividend proposal will affect the dividend declared at the end of the financial year ending on December 31, 2022, and future dividends announced by the company commencing from the 2023 financial year.

The company also shared the scrip plan would give benefits in cash but would be paid as dividends, which will be retained as working capital and other general corporate purposes.

SOURCE:https://brandspurng.com/2023/03/20/mtn-to-merge-with-finance-subsidiaries/

Nigerian tech space has come under pressure as the news of the collapse of Silicon Valley Bank in the United State hits the air and even more as the United States Treasury Secretary, Janet Yellen disclosed that the United State Government would not bail out the bank.

Although HSBC, a US financial behemoth, has acquired SVB UK, tech firms in Nigeria, which are some of the biggest players in the African tech ecosystem, will be troubled by the news.Experts are saying the impact this will have on African nations’ project initiatives will not be significant, however, the closure of the SVB will affect the booming local startup sector.

Nigerian startups which have raised a total funding valued at $507 million from January to August 2022, with over 140 fintech startups in the country as of 2021, might not have so much to worry about.

Adedeji Olowe, founder, and CEO of Lendsqr, a fintech company were quoted earlier saying most startups may have funds trapped in the bank, but the funds have not disappeared.

Also, the co-founder of Carbon, a digital bank, Ngozi Dozie, commented, “VCs make investments and call capital from investors – this money is used to repay SVB loans. So, funds for investment are not in SVB. But funds for VCs to operate, pay salaries and management fees will be in SVB.”

Janet Yellen in an interview with CBs ” Face the Nation” has provided insight into what the government’s next move will be but she noted that this situation with SVB was different from the financial crisis which happened 15 years ago and had banks give out bailouts to protect the industry.

She said, “We’re not going to do that again, but we are concerned about depositors, and we’re focused on trying to meet their needs.”

She also assured that this would have no domino effect on American investors on Wall Street. She said “The American banking system is safe and well-capitalized well-capitalized”

She added that “It’s resilient.” Silicon Valley Bank, based in Santa Clara, California, is the nation’s 16th-largest bank. “It was the second biggest bank failure in US history after the collapse of Washington Mutual in 2008. The bank served mostly technology workers and venture capital-backed companies, including some of the industry’s best-known brands.”

Silicon Valley Bank began declining when its clients, which consisted of tech companies, could not get the cash they needed for financing and started withdrawing their deposits. This made the banks sell bonds at loss to cover the withdrawals, thereby causing the largest failure of one of the US oldest financial institutions.

Janet Yellen also disclosed other factors that led to SVb collapse, she said that rising interest rates which have been improved by the Federal Reserve to handle inflation were the major problem for SVB. The bank’s assets, such as bonds or mortgage-backed securities, lost market value as rates kept climbing.

SOURCE:https://brandspurng.com/2023/03/14/nigerian-startups-in-panic-as-silicon-valley-banks-collapse/

Men’s and Women’s International Match Calendar (IMCs) approved; FIFA World Cup 2026™ (https://www.FIFA.com) to feature competition format of 12 groups of four; FIFA World Cup 2026™ final to take place on Sunday, 19 July 2026; dedicated task force on player welfare established; additional transfer reforms unanimously approved.

The FIFA Council met in advance of the 73rd FIFA Congress in Kigali, Rwanda, and adopted several key decisions, particularly in relation to the future of men’s and women’s competitions, for which the respective international match calendars were unanimously approved following a detailed consultation process.

Men’s International Match Calendar 2025-2030


The Men’s International Match Calendar 2025-2030 will be structured as follows:


March: a nine-day, two-match window
June: a nine-day, two-match window (including friendlies in preparation of final tournaments where appropriate)
Late September/early October: a 16-day, four-match window (to be introduced as of 2026, with two nine-day, two-match windows to be retained in September and October 2025)
November: a nine-day, two-match window
Based on the new calendar, the FIFA World Cup 2026 final will be played on Sunday, 19 July 2026, with the mandatory release period starting on 25 May 2026, following the last official club match on 24 May 2026 (exemptions may apply to the final matches of confederation club competitions until 30 May 2026 subject to FIFA’s approval).

With 56 days, the total combined number of rest, release and tournament days remain identical to the 2010, 2014 and 2018 FIFA World Cup™ editions. The detailed Men’s International Match Calendar 2025-2030 will be published in the coming days.

Women’s International Match Calendar 2024-2025

As per the current calendar, the Women’s International Match Calendar 2024-2025 will contain six international windows per year. Some of these windows will include a variety of window types to enable the confederations to deliver their specific competition qualification pathways and to enable the member associations to play friendly matches.

The Women’s Olympic Football Tournament dates (25 July-10 August 2024) have been added to the calendar, as well as the Concacaf W Gold Cup that will be played for the first time from 20 February to 10 March 2024.

The FIFA Council also unanimously approved the establishment of a dedicated task force on player welfare to ensure the smooth implementation of player welfare principles such as mandatory rest periods.

“FIFA promoted a truly global approach to the discussions on the International Match Calendar, which considered the perspectives of all key stakeholders,” said FIFA President Gianni Infantino.

“Our fundamental objective is to have clarity on this topic, and to have meaningful football matches while protecting the well-being of the players and recognising that many regions need more competitive football.”

FIFA World Cup 2026 competition format

Based on a thorough review that considered sporting integrity, player welfare, team travel, commercial and sporting attractiveness, as well as team and fan experience, the FIFA Council unanimously approved the proposed amendment to the FIFA World Cup 2026 competition format from 16 groups of three to 12 groups of four with the top two and eight best third-placed teams progressing to a round of 32. The revised format mitigates the risk of collusion and ensures that all the teams play a minimum of three matches, while providing balanced rest time between competing teams.

FIFA Club World Cup 2025™ – key principles of access list

Following on from the approval of the slot allocation for the 32-team FIFA Club World Cup™ that will be played every four years as of June 2025, the FIFA Council unanimously approved the key principles of access with the aim of ensuring the highest quality possible based on sporting criteria.

With a period of consideration being the four-year period of the seasons ending in 2021 and 2024, the key principles of access are as follows:

For confederations with more than four slots: access for the champions of the previous four editions of the confederation’s premier club competition, and additional teams to be determined by a club ranking based on the same four-year period
For confederations with four slots: access for the champions of the previous four editions of the confederation’s premier club competition
For confederations with one slot: access for the highest ranked club between the champions of the confederation’s premier club competition in the four-year period
For the host country: access for the club occupying this slot will be determined at a later stage

Other criteria also apply:

In the event of a club winning two or more editions of the confederation’s premier club competition during the 2021-2024 period, a club ranking calculated based on sporting criteria will be used to grant access
A cap of two clubs per country will be applied to the access list with an exception in case more than two clubs from the same country win the confederation’s premier club competition over the four-year period
Further consultation will follow with confederations and stakeholders to define the calculation mechanisms of the club ranking, which will be based on sporting criteria
Yearly FIFA club competition

Since the current version of the FIFA Club World Cup™ will be discontinued after the 2023 edition and, given the need expressed by the confederations for the champions of their premier club competitions to play each other annually to stimulate competitiveness, the FIFA Council unanimously approved the strategic concept of a yearly FIFA club competition as of 2024. This competition will feature the champions of the premier club competitions of all confederations and conclude with a final to be played at a neutral venue, between the winner of the UEFA Champions League and the winner of intercontinental play-offs between the other confederations. Details on timing and format will follow in due course.

FIFA Women’s World Cup 2027™ Bidding Regulations approved

In line with the decision taken at its meeting on 14 February 2023, the FIFA Council unanimously approved the FIFA Women’s World Cup 2027™ Bidding Regulations, which will see the most comprehensive bidding process in the history of the competition before the host(s) are due to be appointed by the FIFA Congress next year.

FIFA Statutes

The FIFA Council also decided to set up a working group across all confederations to conduct a comprehensive review of the FIFA Statutes in order to present proposals to next year’s FIFA Congress. This review shall consider the possibility to extend FIFA’s mandate to include the eFootball category as part of FIFA’s overall objectives.

Transfer reform

The FIFA Council unanimously approved amendments to the FIFA Regulations on the Status and Transfer of Players (RSTP) related to registration periods and the need to ensure increased protection for unemployed football players, as part of the third package of the transfer reform process. In addition, the FIFA Council also agreed to mandate the FIFA administration to explore possible further regulatory steps to protect the well-being of female players in line with the RSTP, particularly in the following areas: adoption, abortion, menstrual health, multiple births, breastfeeding, and childcare.

Other decisions

The regulations in relation to the operations of the FIFA Talent Development Scheme in which FIFA will invest USD 200 million from 2023 to 2026 were unanimously approved. An update on the FIFA Women’s World Cup Australia & New Zealand 2023™ was provided, and the FIFA Council approved the publication of the FIFA World Cup Qatar 2022™ debrief report. The FIFA Council confirmed that the FIFA Beach Soccer World Cup UAE 2023™ will take place from 16 to 26 November 2023, and the slot allocation for the FIFA Beach Soccer World Cup Seychelles 2025™ was also approved (AFC: 3; CAF: 2; Concacaf: 2; CONMEBOL: 3; OFC: 1; UEFA: 4; host country: 1.

SOURCE:https://brandspurng.com/2023/03/14/fifa-council-approves-international-match-calendars/

HMD Global, the home of Nokia phones introduced its Nokia C-Series which combines the durability and long-lasting battery life qualities Nokia phones became famous for with the best of Android™ software, and security.



The C-Series has the Nokia C12 and Nokia C31 which both provide a more efficient smartphone experience, making the promises of durability and security more accessible than ever.

The Nokia C12 is available in Dark Cyan, Charcoal, and Light Mint colorways and comes in 2/64 GB memory and storage configuration, while the Nokia C31 is available in charcoal, Mint, or Cyan and comes in 3/32GB memory and storage configurations.



Both devices bring better imaging at the entry-level price point, the most recent battery smarts for longer battery life, and the latest security and privacy features but the Nokia C12 has a better performance with memory extension.

On the Nokia C12, you can enjoy a 30% fasteri app opening time courtesy of Android 12 (Go edition). With memory extensionii giving you 2GB of additional virtual RAM, you can navigate between your favorite apps even faster, whilst ensuring others don’t slow you down. The device combines this with more advancediii octa-core processing giving an enhanced performance that can keep up with the busiest of lifestyles, while the performance optimizer carries out a regular “Spring clean” for a fluid everyday experience.



The Nokia C31 lets users enjoy the newest innovations from Google. Its dynamic color personalizes the look and feel of your phone based on your wallpaper, and conversation widgets put the people you care about front and center on your home screen. This form of software with fewer preloads means you can maximize your data plan and storage. With triple rear and selfie cameras powered by Camera by Google, and protection with dust and moisture resistance. It offers the best of the C-series at an ultra-affordable price point.

With these devices, HMD Global reiterates its commitment to producing durable, affordable, and efficient devices while setting the pace in the global smartphone industry. The tech leader also has plans to unveil more technologically advanced gadgets that align with the present consumer smartphone needs.



Features of Nokia C12



Enhanced imaging experience with Night and Portrait modes on a stunning 6.3” HD+ display.
Better durability against accidental drops and the latest battery smarts means you can keep your phone for longer.
Elevated performance smarts plus streamlined OS that saves you data and storage

Features of Nokia C31

HMD Global’s Introduces Nokia C12, Nokia C31 - Brand Spur

Android 12, improved 6.7” HD display and triple rear and selfie cameras powered by Camera by Google
AI-powered three-day battery lifeiv and two years of quarterly security updatesv for maximum security
Superior durability with IP52 protection from the elements from one of the toughest manufacturing standards in the world.

SOURCE:https://brandspurng.com/2023/03/11/hmd-globals-introduces-nokia-c12-nokia-c31/

The African Development Bank (AfBD), rated has launched and priced a USD 2 billion 5-year Global Benchmark bond due March 14, 2028, its first of the year. The bond was issued on 7 March.

With this issue, the African Development Bank continues to carry out its funding strategy of issuing large liquid benchmark transactions and adds another on-the-run reference in the 5-year maturity while extending its outstanding USD curve. With the final orderbook closing in excess of USD 3.5 billion and 95 investors participating, the African Development Bank set the size of the transaction at USD 2 billion. The issue garnered interest from top quality investors with particularly good demand from Central Banks / Official Institutions.

The Bank’s mandate for a 5-year USD Global Benchmark was announced on Monday 6, March at 09:07 London time with Initial Pricing Thoughts (IPTs) released at mid-swaps plus 35bp (basis points) area at 12.34 London time.

The deal enjoyed good investor demand during the first afternoon and overnight with Indications of Interest (IoI) reaching USD 2.1 billion by the time books officially opened on Tuesday 7, March 2023 at 07:57 London time. The orderbook continued to grow throughout the European morning, with investor demand equaling USD 3.5 billion by 10:28 London time, which allowed the spread to be tightened by 2bps and set at SOFR mid-swaps + 33bps. Shortly thereafter, at 12:54 London time, the high quality orderbook allowed the transaction to be launched with a size of USD 2 billion, with Americas books set to go subject at 13:30 London time. The trade officially priced at 5.58 pm London time at SOFR mid-swaps plus 33bps, equivalent to a reoffer yield of 4.435% and a spread of 14.3bp vs the on-the-run 5-year US Treasury.

With the final orderbook closing in excess of USD 3.5 billion with more than 90 orders, the success of this 5-year transaction is a clear vote of confidence from investors in the Bank’s AAA credit.

SOURCE: https://brandspurng.com/2023/03/12/afdb-launches-usd-2-billion-4-375-global-benchmark/

A call has gone to organizations operating across all sectors in the country to create opportunities that empower women to fulfill their full potential for the good of society.

The call was made by CEO of Digital Jewels, Adedoyin Odunfa while speaking as a Guest Speaker at the Webinar organized by Polaris Bank Limited themed: Advancing Women Empowerment through the Adoption of Technological Innovation and Digital Education to mark the 2023 International Women’s Day which held in Lagos last week.

Focusing on the IWD 2023 theme: #EmbraceEquity, Odunfa while addressing gender imbalance in the workplace, cited statistics that show that women make up only 46 percent of the workplace and less than 25 percent of them end up in leadership positions.

She pointed out the need to address gender imbalance and prevailing conscious and unconscious biases against women. She also emphasized the need to intentionally empower women with technological innovation rather than just pay lip service to it.

According to Odunfa, one of the ways to create these opportunities is to have more women in the workplace to develop products and services that empower women. She also highlighted the need to intentionally target women for instance, in the design of financial services and products to make them more accessible, affordable, and relevant.

To achieve this, Odunfa called for improved financial literacy and investment in education, as well as training for gender parity in the workplace and marketplace. This sentiment was echoed by two other Panelists at the webinar: Chinyelu Chikwendu, a Director with Vatebra TechHub and Ededayo Durosinmi-Etti, CEO of Herconomy.

Also contributing at the session as a Panelist, Dr. (Mrs.) Amina Sambo-Magaji, an AI specialist, Researcher and Tech policy maker, emphasized the need for collaboration and a system approach to promote gender equality in the digital space.

Dr. Sambo-Magaji, a distinguished Humphrey Fellow, who doubles as a Director at National Information Technology Development Agency (NITDA) also called for measures to promote women’s participation in all aspects of digital, including technological innovation, and digital governance. She emphasized the need for policies that actively promote gender equality and empower women to be partners, consumers, and creators of technology and innovation.

Earlier, Polaris Bank’s Group Head, Customer Experience Management & Sustainability, Bukola Oluyadi spoke on why the Bank organised the Webinar. “The goal of this event is to address the various challenges faced by Women in diverse professions, identify skill gaps needed to be addressed, and how technology, innovation, and digital education can be leveraged to empower the woman so that Gender equity can be felt more in our economy.”

According to Oluyadi, “Polaris Bank is committed to Women Empowerment, and consciously raising awareness on gender equity and ensure that no woman is financially excluded, or is disadvantaged in any way. In her words: “Only 30 percent of commercial banks in Nigeria have over 30 percent female representation on their board and Polaris Bank is one of such banks. The Bank is also supporting women-led businesses with single-digit interest loans in celebrating IWD 2023 and women’s month. The Bank is also driving women empowerment internally by inaugurating its Women’s Network this month”, she disclosed.



Polaris Bank is a future-determining Bank redefining banking products and services that meet the needs of individuals and businesses. The Bank was adjudged Digital Bank of the Year in 2021 and 2022.

SOURCE:https://brandspurng.com/2023/03/13/iwd-speakers-advocate-for-women-empowerment-in-workplace-society/

MTN Nigeria, has announced that it has distributed allotment of over 3.9 million incentive shares to 120, 359 qualified shareholders.
Telecommunication company, MTN disclosed this in a notice which was signed by the company secretary, Ufo Ukpanat, on Wednesday, that the incentive offer became effective on January 31, 2023. The notice also revealed that the offer was earlier made in December 2021 but was completed in January 2023, which is the date which the Securities & Exchange Commission cleared the offer allotment.

This offer also includes an incentive of one ordinary share for every 20 ordinary shares purchased. While shareholders who are qualified for this incentive shares are those who purchased and were allotted at least 20 ordinary shares in the offer and have held some or all the shares allotted at the offer as of the qualification date, which is 31 January 2023. This offer is, however, subject to those who held at least 20 ordinary shares; and those whose names were on the register of members at the date of qualification.

This implies that 120,359 investors, which represents 94.77% of those who participated in the offer, are qualified to receive the incentive shares which totaled 3,977,418 MTN ordinary shares.


SOURCE:https://brandspurng.com/2023/03/09/mtn-distributes-3-9m-incentive-shares-to-120359-investors/

Moniepoint Inc formerly TeamApt has announced the launch of the 3rd year of its Women-In-Tech Internship.

The 6-month long internship is aimed at ensuring that young African women have access to build a career in technology.

Five women will be accepted via the internship to join Moniepoint in 4 roles; System Administration, Quality Assurance, Frontend engineering and Product management.

The internship, currently in its third year, has seen women join the company in full-time roles after the mentorship period.

Each woman will receive direct mentorship during the internship. Other perks include; a salary, work tools, merch, the opportunity to work on live projects during the course of the internship, and an offer of full-time employment depending on assessment after the internship.

The internship is open to women across Africa who are interested in starting a career in technology. Applications for the internship open up on International Women’s day, March 8th, and will remain open for a week. Applicants will be contacted after an initial review for a virtual recruitment process.

Women are encouraged to visit the TeamApt career page to apply from today till Tuesday, March 22, 2021.


SOURCE;https://brandspurng.com/2023/03/09/moniepoint-announces-women-in-tec

The Apex bank of Nigeria, CBN has issued new guidelines, which were released in a circular which was referenced; PSM/DIR/PUB/CIR/001/43 and titled “Issuance of Operational Guidelines for Open Banking in Nigeria, and was dated March 7, 2023.

CBN disclosed that the guidelines would create greater access to customer-focused data sharing between banks and third-party firms.

The document which was signed by the Director of the Payment Services Management Department, Mr. Musa Jimoh, included the guidelines which would further the CBN’s mandate which would ensure stability in the nation’s financial system.

The circular reads like this “The Central bank of Nigeria (CBN) in furtherance of its mandate for the stability of the financial system and pursuant to its role in deepening the financial system hereby issue the Operational Guidelines for Open Banking in Nigeria.

“The adoption of Open Banking in Nigeria will foster customer permission data between banks and third-party firms to enable the building of customer-focused products and services.

“It is also aimed at enhancing efficiency, competition, and access to financial services in Nigeria.

“All stakeholders are required to ensure strict compliance with the guidelines and all other regulations, as the CBN continues to monitor developments and issue guidance as may be appropriate.”.

Open Banking is a practice that enables secured interoperability in the banking system, allowing third-party payment services and other financial service providers to access banking transactions and other data from financial institutions.



SOURCE:https://brandspurng.com/2023/03/09/cbn-issues-new-guidelines-on-open-banking/

HMD Global, the home of Nokia phones slashed the price of its premium and ultra-affordable Nokia C21 Plus from N82,000 to N69,900.

Now smartphone lovers can get the durable device for over N10,000 cheaper while still getting the robust build quality and long-lasting battery capabilities that Nokia phones are famous for.

The Nokia C21 Plus comes with a wide set of specifications for its users to enjoy. The device is available in Dark Cyan and Warm Grey colors and comes in 2/64 GB variant. It comes with a 5050 mAh battery capacity, which delivers a three-day battery life depending on a single charge – allowing you to stay connected for longer.

As a member of the C-series which introduces consumers to quality smartphones, the Nokia C21 Plus has been designed to address consumers’ top pain points in the affordable price tier, battery life, the storage capacity of the phone and camera quality. The smartphone has not only been designed with style and durability in mind but has been built to last and tailored to customers’ needs.

Following a rigorous manufacturing standard that is known as one of the toughest in the world, the device’s build quality will stand the test of time. The body is supported by an inner metal chassis and toughened cover glass – IP52-rated for extra protection from dirt, dust, and water droplets. Nokia C21 Plus comes with two years of quarterly ​security ​​​​​updates as standard to keep everything safe with fingerprint and AI face unlock technology for added privacy and convenience.

The 13MP dual camera with HDR technology captures memorable moments in stunning detail, whilst different modes like portrait, panorama, and beautification assist in creating professional-looking photos that can keep forever. A stunning 6.5” HD+ display ensures that videos and photos can be viewed in all their glory, thanks to the incredible definition and clarity the screen has to offer.

SOURCE:https://brandspurng.com/2023/03/07/nokia-begins-special-sale-on-c21-plus/

Africa’s largest payment gateway, MFS Africa, has partnered with Western Union to enable individuals and businesses across the continent to receive money from over 200 countries and territories.



The partnership will enable funds to be sent from countries around the world to mobile wallets across Africa through the organization’s licensed payment rails. The service will first launch in Madagascar, and eventually to other countries across the continent.

Kumar Shourav, Managing Director, MTO’s at MFS Africa noted that a partnership like this is unprecedented in the industry, with huge potential benefits, value, and impact implications in the long run. “At MFS Africa, we have always believed in making payments as simple as possible. Payment infrastructures globally have traditionally remained fragmented and local in nature. Africa’s 54 countries are diverse not just in terms of population, development levels, growth rates, and stability but with payment infrastructure and regulations as well. Africa’s fast-growing populations and markets present important opportunities for businesses and individuals in an environment of slowing global growth. MFS Africa has more than a decade worth of experience in navigating the challenging Africa payments landscape. Its direct relationship with mobile wallet players, banks, cash pick up networks and regulators on the continent is unmatched in the industry. Western Union is a global leader in cross-border, cross-currency money movement and payments. Through this partnership, both organisations will provide customers, businesses and Global Development Organisations across the world with access to convenient payout options in Africa. This will foster better integration between Africa and the rest of the world and will go a long way in supporting financial inclusion across the continent. Therefore, this partnership made complete sense.”



Similarly, Western Union’s ethos is based on empowering the aspiring populations of the world with accessible financial tools to improve the lives of their loved ones and communities.

Hassan Chatila, Global Head of Account Payout Network, Western Union, says, “At Western Union, we aim to be the global leader in providing accessible financial services to the world’s populations and, in turn, increase global financial inclusion. Our efforts to drive global financial inclusion means delivering on customer needs today and into the future. Through our partnership with MFS Africa, we are excited to come together and deliver on our joint commitment to bring innovative solutions for customers as they support their families and accelerate their momentum up the economic ladder.”

Mohamed Touhami El Ouazzani, Regional Vice President of Africa, Western Union, “Innovation, commitment to customer focus and financial inclusion are at the heart of everything we do at Western Union. We are deeply committed to the region and remain focused on advancing cross-border money movement solutions for the people in this region, their communities as well as the broader economy. Through our collaboration with MFS Africa, we look forward to achieving our common critical role in getting money to the places where and when it is most needed.”

This collaboration to provide access to transacting across borders will further cement MFS Africa as a preferred, better, and one-stop solution for payments into and within Africa. Whether you’re a young entrepreneur in the merchant marketplace, require access to collect loan repayments from customers or need to send bulk payments, MFS Africa strives to continuously connect senders, recipients, and service providers across the continent.

The organization’s full-service digital payments network connects over 400 million mobile money wallets, over 200 million bank accounts across Africa, and over 200,000 agents in Nigeria, to enable cross-platform and cross-border payments for remittance companies, mobile network operators, banks, non-bank financial institutions and global merchants.

SOURCE:https://brandspurng.com/2023/03/04/western-union-partners-with-mfs-africa/

Shareholders who bought MTN shares should brace them up for massive profits as telecom giant MTN announces reports of 35% to 45% higher earnings per share and 12% to 22% higher headline earnings per share than last year.
According to myBroadBrand reports, MTN disclosed that it was finalizing its results for the year ending December 31, 2022. According to JSE’s listing requirements, it is stipulated that companies are mandated to disclose trading statements when they are certain of a difference of up to 20% from the previous year in their financial reports.

MTN disclosed that its earnings per share would be around R2.67 and R3.43 which is higher than what was recorded for the 2021 financial year. It also highlighted revenue from last year consisted of losses on the deconsolidation of subsidiaries of R2.62 and a fair value gain on the acquisition or disposal of R0.99 cents.

“These are both nil for the 2022 financial year,” MTN disclosed.

MTN earnings per share, however, does not consider impairment losses that relate to investments, goodwill, property, plant, and equipment of approximately -R0.44(2021 -R0. 44 (2021: -R0.64); an impairment loss on remeasurement of disposal groups of -R0.70 (2021: -R0.02); a net gain on the disposal of SA towers of R0.22 (2021: nil); and the net profit on the removal of property, plant, and equipment and intangible assets of R0.09 cents (2021: R0.05 cents) (2021: R0.05 cents).

Also according to MyBroadBrand reports, MTN also expects its headline earnings per share to rise between R1.18 and R2.27. It states that headline earnings shares were negatively affected by some non-operational and once-off items of approximately -R1.59 (2021: -R1.23), which also includes These include hyperinflation adjustments (R1.25), foreign exchange losses (-R1.81), an IFRS 2 charge arising from the MTN Ghana localization transaction (-R0.04), divestments (-R0.24), remeasurement of deferred tax assets (-R0.65), and other non-operational items (-R0.10).

SOURCE:https://brandspurng.com/2023/03/05/shareholders-win-big-as-mtn-report-35-to-45-higher-earnings/

Over 250 youths attended the inaugural edition of a capacity building training sponsored by TD Africa Distributions Ltd., better known as TD Africa, in collaboration with technology giant, IBM to equip participants with cutting-edge digital skills.

Held on Thursday, January 26, 2023, the launchpad programme was hosted at the impressive Yudala Heights located at 13, Idowu Martins Street, VI, Lagos State, Nigeria while hundreds of other beneficiaries participated virtually.

With Nigeria experiencing a deluge of tech talents leaving the country in search of opportunities in other climes, the event was put together to equip young Nigerians with useful knowledge to aid them skill up and fill the vacuum. The programme was put together for young tech enthusiasts to garner the skills they need to kickstart a technology career or business. Participants had the opportunity to gain the foundational exposure on the journey to becoming subject matter experts on IBM Integration, Data and Security. The event saw a host of seasoned facilitators deliver masterclasses on Agile Integration for Cloud Pak, Cloud Pak for Security and Cloud Pak for Data and AI. The participants were also segregated into communities for progressive training.

“We are glad to have you here. Today, leading technology giants, IBM and TD have brought this highly sought-after skills workshop to you for free. Several IBM communities, including Data AI, Software Development, and Cyber Security, will be introduced to you. With these tools, we’ll show you how to advance your profession while also showing you how to expand your business. The long-term objective is to grow a tech community with specific expertise,’’ disclosed Bethel Achi, Business Manager for TD and IBM, while setting the tone for the event.

Also on hand was the Country General Manager, IBM West Africa, Mrs. Gbemisola Aruwayo-Obe, who welcomed the attendees and emphasised that the programme was put in place to equip participants with skills in high demand.

In addition to proving to be a high-impact event, there were also gifts for early bird participants. Additionally, the organizers provided a sumptuous lunch for everyone in attendance. Speaking after the event, one of the participants said, “I am extremely excited about this opportunity to be trained.” He further added that the training has helped him gain focus on the skill to learn from the avalanche of IT skills available. He also added that he has been “infused with soft skills” for a career leap.

In his closing remarks, Mezie Emelonye, Executive Director, TD Services, affirmed that TD will continue to invest in the youths, despite the global economic slump. He also encouraged participants to take every information that will be coming their way seriously. He added that they would get the opportunity to participate in further training, even as he revealed that some will be absorbed afterwards.

Over the years, TD Africa has partnered with other tech giants to empower young Nigerians with skills needed to thrive in the digital age. Having pioneered structured ICT distribution in the sub-region, TD Africa, founded in 1999, has remained for many years the undisputed leader in the sector and currently boasts an expansive reach of channel partners across its countries of operation which includes Nigeria and Ghana. TD Africa is credited with the enviable status of being the pioneer bulk distributor in West Africa for a plethora of renowned global brands. It is also the biggest provider of credit in the ICT ecosystem.

SOURCE:https://brandspurng.com/2023/03/02/td-africa-ibm-empower-nigerian-youths-with-digital-skills/

HMD Global, the home of Nokia phones, announces the arrival of three Nokia smartphones, Nokia G22, Nokia C32, and Nokia C22. All offering up to three days battery life1, with improved imaging and durability in the C-series and the first Nokia smartphone (Nokia G22) to come with repairability at its core, including a global collaboration with iFixit.



Adam Ferguson, Head of Product MarketinNokia Announces First Smartphone with Repairability at MWC 2023 Congress, HMD Global: “People value long-lasting, quality devices and they shouldn’t have to compromise on price to get it. The new Nokia G22 is purposefully built with a repairable design so you can keep it even longer, and with advanced imaging on Nokia C32 and improved durability on Nokia C22, we are bringing even more value to the C-series.”



Nokia G22 – the first Nokia smartphone with repairability at its core

Nokia G22 is the first Nokia smartphone purposefully designed with repairability at its core, taking signature Nokia phone longevity to the next level. In collaboration with iFixit, a global repair community, you can easily access repair guides and affordable parts to replace a damaged display, bent charging port, or flat battery on Nokia G22.



The new G-series smartphone also comes with a 100% recycled plastic back, OZO Playback that delivers enhanced bass and clearer sound, plus 2 years of AndroidTM OS upgrades, three years of monthly security updates2, and an extended three-year warranty3 at no extra cost.



Ben Wood, Chief Analyst, CCS Insight: “As consumers increasingly demand more sustainable and longer-lasting devices, the ability to repair smartphones easily and affordably will become a key differentiator in the market. CCS Insight’s end-user research reflects this with approximately half of the mobile phone users in Western Europe saying they would like to be able to have their device repaired at a reasonable cost if they break outside of the warranty period.”



Nokia C32 comes with the highest image quality in the C-series yet
Packing a 50MP camera and stellar imaging algorithms, Nokia C32 brings advanced imaging to an even more affordable price point. It comes in a refined design with a toughened glass finish and elegant, straight sidewalls that give the C-series a premium feel. Arriving with the latest Android 13 right out of the box, Nokia C32 delivers the most personalized software to date for a modern smartphone experience.



Nokia C22 – a durability champion offering maximum value

Nokia C22 arrives with exceptional build quality that outperforms the competition4 in rigorous free fall tests. Nokia C22 is prepared to take on the unexpected moments of daily life thanks to IP52 splash and dust protection, toughened 2.5D display glass, and rigid metal chassis housed within a strong polycarbonate unibody design. It’s packed with powerful imaging algorithms in an improved dual 13MP camera that makes capturing memories with crisp detail possible in any light.



Pricing, availability, and accessories

Nokia G22 comes in Meteor Grey and Lagoon Blue and is available in 4/64GB and 4/128GB memory and storage configurations. Global average RRP 179 Eur. Check local availability.
At-home Fit Kits for Nokia G22 are available for 5 Eur from iFixit.com. Replacement parts are available from iFixit.com at a global average price of 49.95 Eur, battery at 24.95 Eur, and charging port at 19.95 Eur.
Nokia C32 comes in Charcoal, Autumn Green, and Beach Pink, and is available in 3/64GB and 4/64GB memory and storage configurations. Global average RRP 139 Eur.
Nokia C22 comes in Charcoal and Sand and is available in 2/64GB and 3/64 GB memory and storage configurations. Global average RRP 129 Eur.
Pair with the new Nokia 65W Dual Port Wall Charger. Compatible with any USB-C™ cable so you can charge all your devices, it provides faster charging and has a case made from 70% recycled materials – available from Nokia.com for 49.99 Eur.

SOURCE:https://brandspurng.com/2023/03/01/nokia-announces-first-smartphone-with-repairability-at-mwc-2023-congress/

Clickatell the Chat Commerce and mobile messaging leader, was named a top payments innovator by MEF at the MEFFYS Awards ceremony, an honorary event at this week’s Mobile World Congress in Barcelona.

Clickatell was awarded in the Payments Category for its Chat 2 Pay feature – voted by the MEF community as one of the top three innovative mobile services showcasing usability and security.

MEF’s 2023 18th Annual MEFFYS Awards ceremony on February 27 recognized winners in seven categories. The company in each category with the most votes by MEF Members and MEF Minute (newsletter) subscribers were selected for having the best idea and trend across the mobile ecosystem. To learn about all the companies shortlisted in the Payments Category, visit MEF’s MEFFY Awards website .

“We are thrilled to earn this recognition for payments innovation in digital commerce and mobile messaging,” said Pieter de Villiers, CEO and Co-Founder at Clickatell. “Our legacy and leadership in payments and mobile messaging are based on the needs of our customers. We are only as successful as our customers are.”

Clickatell’s Chat 2 Pay feature is a digital payment enabler – creating a new channel for businesses to request payments. Chat 2 Pay makes it possible for brands to improve their customer service and to extend their digital commerce offering by providing an effortless, convenient and secure way to make payments within mobile messaging channels such as SMS and WhatsApp.

Chat 2 Pay takes Clickatell’s decades of developing Chat Commerce solutions for global customers and delivers a simple and comprehensive way for merchants to offer payments and transactions to consumers in mobile messaging. Chat 2 Pay enables merchants to securely accept payments in mobile messaging by sending consumers a payment link via SMS or WhatsApp. In its design of Chat 2 Pay, Clickatell efficiently has orchestrated the complex relationship between mobile messaging, payments or the order management system (OMS) of their customers, and in the process mitigates the risk of merchants managing payment card details.

There are a lot of payment solutions and products on the market and the big differentiator of Chat 2 Pay is that Clickatell orchestrates the process between the mobile messaging channel, the payment gateway and the OMS. It’s a very easy functionality for a merchant to “switch on” and manage. The feature is part of the Clickatell Platform, and is easy to use, convenient and quick to implement for businesses.

SOURCE:https://brandspurng.com/2023/03/01/clickatell-recognized-as-top-payments-innovator-by-mobile-ecosystem-forum/

Since the discovery of AI and the rise of ChatGPT in November last year, we have seen the development of more AI tools that are designed to enhance productivity and save time, which could be used to develop more creative ideas.

Although most people were worried that AI tools might replace certain job roles like copywriters, and content writers. Certain roles in the programming industry also felt threatened by the rise of AI. However, it has been established through various tests that AI tools can not effectively replicate very creative copywriters as well as content writers, and even programmers because their output still needs to be polished by human experts.

Content creation is one of the most sought-after skills in the last few years and more creative ideas are being developed. It is important to know how to use AI tools which could boost productivity, providing you with more time to brainstorm ideas.

Here are some tools to pick up in 2023 to get you started as a content creator

Descript(AI Audio and Video Editor)
If you are into video content or you own a podcast show, this is one AI tool you should get used to. This AI tool allows you to record your podcast even when hosts and guests are not in the same location via Zoom or Skype call. It also allows users to transcribe both video and audio calls. On descript, you can record, edit, mix, and also collaborate.

One of the huge benefits of Descript is that it requires no previous experience due to its easy-to-use settings.

Frase (AI-Powered Answer Bot)
If your content creation borders around writing, which can sometimes be difficult for writers. Frase is an AI tool that helps creates outlines based on content on the internet. Frase is also designed to suggest keywords, using answered questions by users, which could help your content rank better.

Neural Text
Neural text is a powerful AI content generation tool that automates your entire writing process. The platform offers its, users, a keyword research tool that provides them with access to several searched volumes for a particular keyword or phrase. Neural text also offers a content brief tool that provides the user with information about competitors’ content, and a search engine results page (SERP).

Neural text offers Ai copywriting tool which helps create marketing copies for things like Facebook Ads, Email subject lines, and blog outlines based on certain inputs.

Copy.Ai
One of the nice things about Copy AI is the free version that offers users its features without payment. For writers, writer’s block is not new, but with copy ai tool, you can overcome it and write content efficiently and quickly.

Canva
This is for content creators that rely heavily on images and design to create content. Canva is one of the most versatile design tools that provides its users with different templates to design and edit images and add text and video to images. With little to no experience, users can come up with designs using the already-designed templates which are available for both free and paid versions. It also allows creators to create designs with sizes specified for each social media application. Users can also schedule designs to be shared on their socials and share also with Canva’s large community of designers.

SOURCE:https://brandspurng.com/2023/02/25/ai-tools-to-get-you-started-as-a-content-creator-in-2023/

African-owned fintech platforms Chipper Cash and Payday, have reported N182m in sales in processing purchases of Elon Musk’s Starlink to Nigerians.

This is coming after Starlink, a satellite internet service provider, owned by Twitter CEO, Elon Musk was recently launched in Nigeria which sparked reactions from many Nigerians that it would give telecoms giants like Glo, MTN, and Airtel, a run for their money.

Nigerians who initially experienced challenges of purchasing Starlink kits can now purchase the Starlink kits and subscribe to its services via Chipper Cash and Payday. These two fintech platforms were selected as preferred options by the satellite internet service providers to enable Nigerians to purchase the kits.The company disclosed this in a statement on its website, saying “For Naira Payments, please use Payday. $43/month for service and $600 for hardware.”. It also named virtual cards funded with naira for its services.

Meanwhile, Ugandan tech mogul Ham Serunjogi, who owns Chipper Cash has disclosed through a post on his verified Twitter account that users in Nigeria have spent more than $100,000 on SpaceX Starlink kits using ChipperCash Visa cards.

So also, the Nigerian founder of Payday, Favor Ori shared similar reports in a tweet with his platform that Payday has processed over $300,000 in payments for Starlink since its launch.

“We have helped Starlink process over $300,000 since launch.” He tweeted.

Nigerians have also taken to twitter to share their various experiences using Elon Musk’s satellite internet, many have agreed that it is reliable for faster internet speed.

Do you make use of Starlink? How is it?

SOURCE:https://brandspurng.com/2023/02/21/starlink-purchases-records-n182m-sales/

The Nigerian All-Share Index closed negative, falling by 0.06% to close at 54,189.31 points.

The performance was due to profit-taking in large-cap stocks such as GTCO (-0.40%) and ACCESSCORP (-1.63%). Consequently, the YTD return decreased to 5.73% as market capitalisation decreased by ₦19.09 billion to close at ₦29.52 trillion.

The sectoral performance marginally weakened as three of the five indices under coverage declined while the Imdustrial index closed flat. The Banking index, led the laggards, falling by 0.38% on GTCO (-0.40%). The Insurance and Consumer Goods Indices, followed suit, falling by 0.22%, and 0.16% on LINKASSURE (-4.44%), and UNILEVER (-0.38%) respectively. Conversely, the Oil & Gas index, the only gainer, rose by 0.28% on MRS (+10.00%).

Investors’ sentiment weakened but remained negative as the market breadth decreased to 0.67x from 0.93x. This was illustrated by the decline of 15 stocks, led by VERITASKAP (-4.76%) and LINKASSURE (-4.44%) and the appreciation of 10 stocks, led by MRS (+10.00%) and TRIPPLEG (+9.63%). Activity level strengthened as the total volume and value increased by 64.38% and 332.38%, as investors exchanged about 254.17 mn units of shares worth over ₦15.77bn.

We expect buy-interest to return as the equities market present decent opportunities amid declining yields in the fixed-income market.

Fixed Income

There was mixed sentiments across the bond yields curve as two of the bonds under our coverage compressed while the yields on the FGN-JAN-2026 and FGN-JUL-2030 bond paper closed flat. The yields on the FGN-APR-2023 and FGN-MAR-2024 compressed by 17bps, and 2bps respectively.

The yields on the 91, and 364-day papers closed flat at 3.85%, and 3.79% respectively while the yield on the 182-day paper inched higher by 34bps to close at 4.51%.

We expect market activity to be influenced by the liquidity levels in the financial system.

Banking Stocks Drag the Local Bourse Southwards, NGX ASI Sheds 6bps
Mixed Sentiments across the Bond Yield Curve
Negative Performance in Global Stocks
Brent Crude Reports @ $83.08/barrel
Mixed Performance in African Stocks
Naira Depreciates in the Parallel Market

SOURCE:https://brandspurng.com/2023/02/22/banking-stocks-drag-local-bourse-southwards/