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Fintrak Software Takes Budget Solution to MDAs

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Fintrak Software Limited has developed an online; real-time fully integrated system with the ability to support multiple users with many budget versions.

The solution, known as FinTrak Budget software, which is designed to address budgetary issues, has been introduced to government ministries, departments and agencies (MDAs)

The FinTrak Budget software offers customisation to suit unique business environment and seamlessly integrates with existing platform.

The solution is being introduced at a time of the year when the budget is been planned for the new fiscal year, to the challenge of eliminating human errors that comes with implementation, wastage and timeliness in delivery.

Speaking about the importance of the solution, Mr. Bimbo Abioye, the Group Managing Director of Fintrak Software Limited, said, the solution would address basic budgeting process and expenditure management, which had always been a challenges for many MDAs in Africa, Nigeria inclusive.

Seeing these loopholes in the budgeting processes Fintrak Limited, an indigenous software development and financial technology firm is bringing innovative solution known as FinTrak Budget Planning and Processing Control software to make work easier for many offices in the public sector.

According to Abioye, financial data and management are very important to effective governance. Access to this and the use of timely and accurate budgeting and expenditure data are key to public health officials’ capacity to make future investment decisions.

“With tools like FinTrak Budget solution, a lot of these challenges affecting full-budget implementation can be corrected. The improvements in technology would make things more transparent and monitoring easier. Technology can be said to be the solution to budget implementation problem.

“The Fintrak Budget solution aids MDAs with improved integration of planning/budgeting with robust reporting and analysis. It also brings competitive advantage to the office.

“This process justify the budget request in the long run by completing accounting processes and bringing accurate data that clearly predicts the oncoming expenses such as pools of stock and giving the top executives an insight of future expenses limiting wastage,” Abioye said.

He added: ”FinTrak Budget software offers customisation to suit your unique business environment and seamlessly integrates with your existing platform. FinTrak Budget software is an online, real-time fully integrated system with the ability to support multiple users with many budget versions.

“The solution also accommodates the preparation of budgets using the Bottom-Up, Top-Down, and Hybrid models as well as Zero-based and Incremental Based Budgeting.”

He explained that the solution was designed with a rich set of functionalities like self service and budget simulations, scenario based versioning, seemless spreadsheet and application interchange. He said customers would enjoy the best value on their investment, with the solution.

“When deployed, many offices and MDAs will benefit from a 90 per cent error reduction in budget preparation and consolidation process. Unproductive activities like tracking down numbers and debugging spreadsheets will be totally eliminated.

“Collation of data across the enterprise for cross-functional communication becomes easier. It comes pre-built with over 20 reports. It is fast and offices can enjoy Life-Time Support and Cloud subscription options,” Abioye said.

Fintrak Enterprise Budget Solution is a centralized Budget processing software that automates the present manual processing and approval of budgets for various organisations especially the public sector. The solution has the capacity to automatically generate pre-built reports that can be obtainable across various levels of the organisation.

The budget solution has many features such as the ability to establish a variety of roles within a workflow process; ability to develop the projections and base budget directly in the system; ability to copy and use prior year’s budget or actual amounts as a starting point; ability to develop the projections and base budget directly in the system; ability to copy and use prior year’s budget or actual amounts as a starting point, among others.


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Research ICT Africa Develops AI Framework for Africa

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Non-profit think tank and research network Research ICT Africa (RIA) has developed the Just AI Framework of Inquiry. The contextually-grounded and action-oriented position paper aims to help African policymakers, researchers and technologists navigate the complexities of developing artificial intelligence (AI) systems.

Developed by RIA executive director Pria Chetty and RIA deputy director Dr Araba Sey, as part of the second phase of the Africa Just AI project, the framework responds to the urgent need to ground AI policy in Africa’s historical and contemporary contexts.

As AI technologies proliferate across every sector of society, the Just AI Framework of Inquiry reframes global debates on ethics and fairness by centring justice as the fundamental quality AI systems must embody, according to RIA.

Rather than replicating governance models designed for high-income economies, the framework calls for an approach that reflects Africa’s diverse democratic systems, development priorities and epistemic traditions, it says.

Through nine interrelated inquiries, from structural inequality and data justice, to democratic governance and environmental sustainability, the Just AI Framework of Inquiry equips policymakers, technologists and researchers with the tools to design and evaluate AI systems that actively promote equity, inclusion and care.

“The framework’s justice-oriented lens connects human rights, ecology and economy, guiding both research and regulatory reform to ensure AI advances public interest outcomes. It aims to move beyond aspirational ethics toward actionable mechanisms for embedding justice across the AI value chain,” notes Dr Sey.

The framework provides a holistic and multidisciplinary approach, moving beyond a narrow focus on technological risk to examine the interplay of AI with sustainable development, security, economic policy and governance.

“It recognises that effective AI governance requires a multidisciplinary approach, drawing on expertise in law, data science, economics and social sciences. This is crucial for developing integrated economic policies and governance frameworks that can address the full spectrum of AI’s societal consequences from labour market transformations to the regulation of intellectual property and competition,” Dr Sey adds.

The next phase of this project will test the framework’s application through participatory engagements with policymakers, civil society and research partners.

According to RIA, tech regulation, when developed through a justice-oriented lens, has the potential to unleash the developmental benefits of advanced innovation. Likewise, when AI systems are governed through justice-oriented frameworks, they can deliver equitable outcomes across diverse societies.

Yet, RIA is of the view that the dominant approaches to AI governance today − anchored in ethics, fairness and responsibility − remain inadequate. They are largely self-regulatory, driven by Global North actors, and designed for high-income countries with vastly different social, political and infrastructural realities. RIA’s research shows these frameworks often fail to recognise the uneven socio-economic contexts that shape life across the African continent.

“We have spent the past three years engaging deeply with this challenge: asking what it means to govern AI in ways that are truly just for Africa,” Chetty explains.

“We see a pressing need for a more deliberate and contextualised approach to AI governance; one that allows African countries to shift from being mere consumers of AI tech, to becoming co-creators of AI systems that reflect our development priorities, democratic values and lived experiences.

“Justice in AI requires more than inclusive aspirations. It demands redress of historical harms and inequities, attention to extractive data and value flows, and a commitment to ensuring that AI’s transformative potential is shared, not concentrated.”


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WDC, EC-Council Launch Ethical Hacking Programme

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Wild Fusion Digital Centre (WDC), a technology training center based in Lagos and EC-Council, a global leader in cybersecurity certification have partnered to officially launch an advanced ethical hacking programme.

WDC, EC-Council Launch Ethical Hacking Programme

Pix credit…. EC-Council

The announcement was made at a ceremony at WDC headquarters attended by training officials and local business representatives.

The initiative is designed to meet the growing demand for qualified cybersecurity professionals in Nigeria and across Africa.

The programme offers internationally recognized certifications, including Certified Ethical Hacker (CEH), Certified SOC Analyst (CSA), and Blockchain Finance Certified (BFC).

WDC stated the training is conducted in-person and emphasizes practical application, ensuring participants master techniques for detecting and correcting vulnerabilities in computer systems.

The center noted that the training allows individuals and corporate teams to obtain these international-level qualifications without leaving the country.

WDC highlighted that the need for the training is urgent due to the increasing complexity of cyberattacks and a shortage of qualified experts.

The Cyber Security Experts Association of Nigeria (CSEAN) has pointed to a persistent talent deficit, while the U.S. Bureau of Labor Statistics projects a 33% growth in cybersecurity jobs between 2023 and 2033.

The training programme is being launched amid significant growth in the digital sector.

An analysis by Mordor Intelligence estimates the value of the African cybersecurity market at $0.6 billion in 2024, with projections to reach $1.28 billion by 2029, driven by a compound annual growth rate of 13.5% over the period.

 

 


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Konga Yakata: Konga Announces Dates for Nigeria’s Biggest Black Friday Sale

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Nigeria’s leading composite e-commerce giant, Konga, has officially announced the dates for its highly anticipated Konga Yakata 2025, Nigeria’s biggest annual Black Friday sale.

The month-long shopping festival will run from Saturday, November 1st to Sunday, November 30th, 2025, promising shoppers across Nigeria a more exciting, rewarding, and value-packed experience than ever before.

To build anticipation, Early Bird Deals kicked off on October 26th and will run through October 31st, giving early shoppers a head start on some of the year’s most incredible bargains. This exclusive pre-sale window allows customers to secure limited-time offers before the official Yakata sale commences.

Since its inception, Konga Yakata has redefined Black Friday shopping in Nigeria. Evolving beyond a retail event, it has become a nationwide celebration of value, convenience, and trust, firmly positioning Konga as the go-to destination for millions of Nigerians seeking genuine products at the best possible prices.

According to the management of Konga, the 2025 edition of Yakata will surpass previous years with new innovations, expanded product categories, richer customer experiences, and unmatched discounts. This year’s event will feature engaging activities such as Treasure Hunts, Combo Day, Week of Wonder, Flash Sales, Live Auctions on Konga Radio 103.7FM, Giveaways, Freebies, and the same-day delivery option on KongaNow items, ensuring every shopper enjoys an unforgettable experience.

The campaign will also extend across multiple channels, online at www.konga.com and in Konga Retail Stores nationwide, offering customers flexible shopping options and exclusive in-store deals.

A wide range of products will be available across various categories, including Laptops, Desktops and Accessories, Mobile Phones and Tablets, Home and Kitchen Appliances, Electronics, Fashion, Groceries, Baby, Kids & Toys, and Wines & Spirits. Shoppers can expect massive discounts on top brands, including HP, Samsung, Apple, Haier Thermocool, iPower, Tecno, L’Oréal, Zinox, Nexus, Infinix, Nokia, iTec, Polystar, Nivea, and Lenovo, among others.

In line with its mission to promote financial inclusion and digital convenience, KongaPay is offering shoppers an instant 10% discount when they pay with their KongaPay wallet during the Yakata sale. The company has also encouraged customers to download and activate their KongaPay app ahead of the sale for a seamless checkout experience, extra savings, and exclusive wallet-based deals.

Speaking on the upcoming sale, the management reaffirmed Konga’s commitment to customer satisfaction, genuine products, and affordable pricing. “Konga Yakata is not just a sale; it’s a celebration of trust and value,” a company spokesperson noted.

“Our goal is to ensure that every Nigerian, regardless of their location or budget, can experience the joy of shopping for authentic products at unbeatable prices. This year, we are going even further with more deals, more engagement, and more innovation to delight our customers.”

Over the years, Konga Yakata has become an integral part of Nigeria’s retail calendar and is widely regarded as the benchmark for Black Friday sales in Africa. It has empowered millions of customers to access premium products, strengthening Konga’s position as a trusted household name in e-commerce.

As the countdown begins, Nigerians are urged to stay alert, prepare their shopping lists, and keep their devices close. Shoppers are also encouraged to follow Konga’s social media channels for firsthand updates, flash alerts, and exclusive Yakata offers.

 


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