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1000 Alausa Women Graduate From Coca-Cola’s “Catalyst For Change 2.0” Programme

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As part of continued efforts to upskill and empower women across underserved communities in Nigeria, Coca-Cola’s women empowerment programme tagged “Catalyst for Change 2.0” has recorded the graduation of 1000 women in Alausa, Ikeja.

The closing ceremony, which took place at the St. Peter Anglican Church on November 4, 2021, in the Alausa community, marked the conclusion of a four-week intensive skills acquisition training in October.

Throughout the four-week programme, 1000 women enrolled in vocational skills such as baking, textile design, production of household cleaning items, wig-making, make-up artistry, bag-making, shoemaking, and more.

The women were also enrolled in business classes to ensure their financial literacy. Additionally, 200 out of the 1,000 women who had proved exceptional, were each provided with start-up kits to help kick-start their businesses.

Launched in August 2020 by local NGO, Karis and Eleos Hand of Hope Foundation, through a grant from The Coca-Cola Foundation, the “Catalyst for Change” programme is part of Coca-Cola’s vision to ensure the economic empowerment of women and youth in Nigeria.

The first edition of the programme, launched last year, sought to ensure economic recovery during the initial phase of the COVID-19 pandemic.

Following its success, a second edition was supported by The Coca-Cola Foundation in October 2021 and is being implemented through the Coca-Cola system in Nigeria which comprises Coca-Cola Nigeria Limited and its bottling partner, Nigerian Bottling Company.

This second edition of the programme has been developed to reduce the rate of rural-urban migration caused by a lack of access to opportunities in vulnerable communities.

So far, the programme, in its entirety, has seen the economic empowerment of a total of 6,000 women and youths across several underserved communities in Nigeria.

In her opening remarks at the ceremony, the Founder/Executive Director of the Karis and Eleos Hand of Hope Foundation, Bukola Bamiduro, said: “This programme was created to drive change in the lives of women through relevant skill-based training and financial literacy sessions.

“We are hopeful that through this programme, beneficiaries will leverage the skills obtained to maintain a steady flow of income as women are economic pillars of the society.”

Ifeyinwa Ejindu, Communications Manager, Coca-Cola Nigeria Limited, added: “At Coca-Cola, we believe women are integral to our world’s shared success, so we seek to empower them both in the workplace and the communities within which we operate. Women are not only essential to building thriving communities – we believe they represent one of the biggest accelerators of economic growth.

“And this was the driving force behind the Catalyst For Change programme at its inception – to not only empower the women financially but to also ensure they are contributing members of society whose efforts drive the country to economic recovery.”

Oyesola Okunuga, a beneficiary from the program, expressed her gratitude to the Coca-Cola System in Nigeria, stating that the initiative had granted her a new lease on life. “For years, I’ve always been motivated to add some value to this community and those around me.

“I’ve been looking forward to a programme that would help me achieve this and I thank The Coca-Cola Foundation and Karis and Eleos Hand of Hope Foundation for supporting this programme.

“I am confident I can support my family and achieve my goal of running a successful business with what I have learnt.”

Also speaking at the event was High-Chief Oluwatoyin Adeyanju, The Baale of Alausa, who expressed his appreciation for the initiative and the support provided by the Coca-Cola System.

He encouraged the women to utilise the opportunity effectively. In his words, “The impact of this programme has been incredible and it fills me with joy to see so many women jump at the chance to be part of it.

“Thanks to Coca-Cola and the Karis and Eleos Foundation, our women have been empowered and made to be contributing members of the Alausa community.”

According to Jerome Oyebanji, Public Affairs & Communications Manager (Lagos & West), Nigerian Bottling Company, the programme will continue to press on in its efforts to “empower women with business and life skills that will elevate them from extreme poverty and encourage community resilience.”

The next tranche of the programme is set to kick off this month in Surulere.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

Telecom

ATCON Offers Solutions to Fibre Cable Cuts in Telecom Industry

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Association of Telecommunication Companies Of Nigeria (ATCON) has highlighted fibre cuts as a major stumbling block to the Nigerian telecom sector’s growth and affirmed its readiness to take strategic measures to tackle submarine fibre disruption in the country.

ATCON Offers Solutions to Fibre Cable Cuts in Telecom Industry

Tony Emoekpere, president of ATCON, at the first edition of ATCON’s Critical Conversation Breakfast Meeting held in Lagos with the theme: ‘the Direct And Indirect Cause And Impact Of Metro, Terrestrial And Submarine Fibre Disruptions (Cuts)–Short, Medium And Long Term Sustainable Solutions’, stated that, operators cannot continue to pay lip service to issues and challenges that have constituted stumbling block to the telecom sector growth.

The president recall that few months ago, there was a reported case of submarine cuts which significantly impacted Nigeria and some African countries, adding that, “The incidences of Metro, Terrestrial and Submarine Fibre Disruptions have become a recurring decimal which must be addressed by relevant agencies at all levels of government. Our members have had to pay a substantial amount of money to have all these disruptions fixed and this is impacting on their operational expenses which should not be if the perpetrators are brought to book.”

On advocacy, the president said ATCON is seeking ways going forward, adding that ducts should be built when new roads are being constructed. “There is a need to enforce and implement the provision in the Nigeria National Broadband Band Plan 2020-2025 which states that NCC should have a desk officer in each state of the Federation who is expected to be in charge of the fiber network in order to minimize Fiber cuts during roads construction,” he recommended.

The president averred that the telecom sector has been reported to contribute over 14 per cent to the nation’s GDP, adding that, the sector could have done much better if issues like fiber disruption which has constituted a threat to the manifestation of its inherent potentials, is dealt with.

Emoekpere however stressed the need for more collaboration between telecoms operators and government, with developers and road contractors to mitigate the challenges of fiber cuts.

“There must be compensation for fibre cable cuts. Training and awareness creation on the importance of fibre cable and the danger and negative impact of fibre cable cut, cannot be overemphasised. The federal government should declare telecoms assets as Critical National Infrastructure (CNI).

“Government should come up with policies like ‘Dig Once Policy’ for the implementation of fibre laying to avoid operators damaging cables of other operators during cable laying. There must be a clear database of government agencies giving approvals for road construction to enable telecom companies to have an idea of who they are dealing with as well as the need to have a status update on task responsibilities of ATCON for a follow-up of ATCON activities,” he advocated.

In the same vein, Lekan Balogun, CEO of NetAccess, said, the major causes of fibre cable cut includes Govt/Private Contractors, Man made, planning and Design and Natural causes, while stressing that, there is need for constant engagement between ATCON members, the government and developers.

Balogun proposed short, medium and long term recommendations to forestall fibre cuts, adding that the use of protective materials like metals rather than plastics will help protect the cables from unwanted cuts.

Credit: Leadership


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Telecom

Starlink now 3rd Largest ISP in Nigeria – NCC

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Starlink, Elon Musk’s Internet company, has emerged as Nigeria’s third-largest Internet Service Provider (ISP) with 23,897 subscribers in the fourth quarter of 2023, according to latest ISP data released by the Nigerian Communications Commission (NCC) on Monday.

Starlink now 3rd Largest ISP in Nigeria – NCC

According to the NCC data, Starlink’s active customers in Nigeria surged 113 per cent in Q4 2023, from 11,207 customers in the previous quarter, establishing it as one of the leading ISPs in the country.

Spectranet, one of the oldest ISPs in the country, maintained its top position in the market with 113,869 active customers.

FiberOne followed in second place with 27,000 active users at the end of 2023.

ISPs are different from mobile Internet providers, like the telcos such as MTN, Airtel, etc.

They provide Internet through various wired technologies, such as DSL, cable, fibre-optic, or satellite connections. They use fixed infrastructure that requires a physical connection to the home or business.

Starlink launched its services in Nigeria in January 2023, becoming the first African country to receive the service, more than 20 months after SpaceX met with the NCC to outline their deployment plans.

Meanwhile, Spectranet, one of the oldest ISPs in the country, maintained its top position in the market with 113,869 active customers.

FiberOne followed in second place with 27,000 active users at the end of 2023.

ISPs are different from mobile Internet providers, like the telcos such as MTN, Airtel, etc.

They provide Internet through various wired technologies, such as DSL, cable, fibre-optic, or satellite connections.

They use fixed infrastructure that requires a physical connection to the home or business.

Starlink launched its services in Nigeria in January 2023, becoming the first African country to receive the service, more than 20 months after SpaceX met with the NCC to outline their deployment plans.

As of September 2023, just 8 months after its launch, Starlink had amassed 11,207 active subscribers in Nigeria, making it the fourth largest ISP in the country.


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Airtel Africa Completes $550m Bond Repayment

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Airtel Africa, telecommunications and mobile money services provider, has revealed that its subsidiary, Bharti Airtel International (Netherlands) B.V., has repaid in full its $550m bond maturing Monday.

Airtel Africa Completes $550m Bond Repayment

 

This was disclosed in a corporate filing with the Nigerian Exchange Limited (NDX) signed by G Simon O’Hara, group company secretary, on Monday.

With this repayment, the company said that it had achieved a zero-debt position at the HoldCo.

The $550m bond was 5.35 per cent Guaranteed Senior Notes.

“This bond repayment of $550m has been made exclusively out of cash reserves at the holding company and is a continuation of its strategy to reduce external foreign currency debt. At the time of the IPO in June 2019, the group had $2,719m of external debt at HoldCo which resulted in significant exposure to currency fluctuations and the reliance on upstreaming funds to cover both interest costs and the principal repayment.
“Through consistent execution of its strategy supporting strong free cash flow generation, and continued upstreaming success, the group has been reducing Holdco debt over the past few years and has now reached the significant milestone of a zero-debt position at HoldCo. The current leverage and capital structure is a reflection of the Group’s successful capital allocation strategy that has been in place since our IPO, and it will aim to continue reducing foreign currency debt obligations across its OpCo’s,” part of the statement from the telecoms provider said.


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