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Afreximbank Pledges Financial Support Nigeria’s DSO Project

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The African Export-Import Bank (Afreximbank) has said that it will put up a financial mechanism to ensure the completion of Nigeria’s Digital Switch Over (DSO) project before the end of the year.

Afreximbank Pledges Financial Support Nigeria’s DSO Project

According to NAN, Benedict Oramah, Afreximbank president, disclosed this in Cairo, Egypt, when Lai Mohammed, minister of Information and Culture, led a team of DSO stakeholders on bilateral discussions on the project.

In April 2021, the National Broadcasting Commission (NBC) launched free set-top boxes as part of the digital switchover (DSO) in Lagos.

The initiative was to enable millions of Nigerians who cannot afford the subscriptions of Pay-TV platforms to enjoy digital television with good content from 60 channels.

Oramah said Afreximbank was impressed by the presentation and will make Nigeria a model for other African countries for DSO project financing.

“The move toward digital television is global, and it was impressive to see the seriousness with which the minister has been pursuing this,” he said.

“I have had several meetings with him in France, Nigeria, and he has come here with a very powerful delegation involving all the stakeholders.

“What we are looking out to do is to work with all the stakeholders, particularly the private sector, to put a financing mechanism in place to ensure that Nigeria saves more than $400 million of subsidy that would have been applied.

“When we are able to do this before the end of the year, the Nigerian government will benefit because we are going to free the spectrum that will be now sold for about two billion dollars to telecommunication companies.

“We assure you that we will put in place the financial structure that will work because we know that if we do it well in Nigeria, other African countries pursuing the same goal will take a cue from there.”

Oramah added that supporting the DSO project would create a platform that would accelerate the growth of Nigeria’s creative industry.

On his part, Mohammed noted that the creative industry is key in the diversification of Nigeria’s economy because, after agriculture, it employs a larger number of people, mostly women and the young population.

He said the project would also bridge the digital divide by establishing more equitable access, connecting the unconnected at the underserved and remote communities.

The minister recalled that at the beginning of the programme, the model adopted by the government, which was subsidy driven was not sustainable.

“When the programme started, government subsidised the STB, which was bought from the manufacturers for $30 per box and sold to consumers at $10 per box,” he said.

“Government was also paying the signal distributors and the middleware providers, but the subsidy regime can no longer be sustained.

“Right now, the government is not going to give any financial support again to the project, and that is why we have reengineered and rejigged the programme in a manner that it will be commercially viable.

“Government will only give support to the project in the areas of regulations, advocacy and formulation of policies.

“For instance, we have already amended the Broadcasting Code to protect local manufacturers, advertisers, and channel owners.”

Godfrey Ohuabunwa, chairman of STB Manufacturers in Nigeria, who presented the credit requirement to the Afreximbank, said they would require a total of $165 million.

According to him, $125 million is expected to fund an initial five million STB from the total of 20 million boxes needed in five years.

He said the signal distributors would require $30 million as well as $10 million for marketing and promotion.

 

 

 


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African Voices Changemakers Celebrates Afrobeat Sensation Rema

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Afrobeat sensation and Nigerian music star, Rema, will this week share his inspiring story on CNN International’s African Voices Changemakers, sponsored by Globacom.

Born Divine Ikubor, the 24-year-old Edo-born singer-songwriter, discovered his passion for music in church and school. His big break came after posting a viral freestyle on Instagram, catching D’Prince’s attention. This led to a record deal with Jonzing World, a subsidiary of Mavin Records, owned by Don Jazzy.

Rema’s global ascension gained momentum in 2022 with the release of his hit single “Calm Down”. The song’s massive success led to a collaboration with American pop sensation Selena Gomez, propelling it to greater heights.  Notably ‘Calm Down” reached number three on the prestigious Billboard Hot 100 chart, number one on Billboard Afrobeats Songs chart, where it held the top spot for a record- breaking 58 weeks.

His star status was crowned on November 7, 2022, when he received an award for achieving 1 billion streams worldwide during his London concert, in addition to performing at the Ballon d’Or ceremony held at the Theatre du Châtelet in Paris, France on October 30, 2023.

The interesting episode of African Voices awaits viewers on CNN on Saturday at 8.30 a.m., with repeats at noon the same day.  More repeats come up on Sunday at 4.30 a.m., 7.00 p.m. and on Monday at 4.00 a.m.

 


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Together, Agents and Humans Will Drive Customer Success

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By Linda Saunders, Director Solutions Engineering, Africa Salesforce

AI is advancing rapidly, capturing the attention of CEOs, CTOs, and CIOs with its proven ability to boost productivity, enhance employee performance, and improve customer relationships.

We are entering the third wave of AI where autonomous AI agents will go beyond simply generating and analysing content, as chatbots and copilots did in the first and second waves and will be able to reason and autonomously take action for human colleagues. Indeed, they’ll work 24/7 to tackle individual, low-value, time-consuming tasks or collaborate with other agents to get larger, more complex jobs and projects done.

In sales, for example, they’ll engage with prospects, answer questions, manage objections, and schedule meetings based on CRM and external data, allowing sellers to focus on building deeper customer relationships. With dynamic, conversational self-service, they can be configured to answer customer questions using companies’ existing knowledge base so they can automatically resolve account access. They can also triage registration and payment issues, directing customers to the appropriate resources.

Put simply, the future of AI is agents, and it’s here. Companies need to get ready to implement fast as these autonomous agents will become central to organizations’ customer engagement and experience strategies.

Working together, these customisable agents can autonomously take action on tasks and free up workers to focus on the jobs only they can do.

At Dreamforce, Salesforce unveiled Agentforce – a groundbreaking suite of customizable, autonomous agents and tools, makes it easy for customers to build their own ‘agent force’ — a revolutionary step forward in enterprise AI that will boost productivity, efficiency, and customer satisfaction across service, sales, marketing, commerce, and more. Agentforce is how humans with AI drive customer success together and it’s been designed so that any organisation can build, customise, and deploy their own agents quickly and easily, with low-code tools.]

Complementing skills, and ensuring accountability

The leap from generative to agentic AI will transform how humans work.

Despite business eagerness to experiment with and deploy AI, many still worry about how to do so safely, how to keep data under their control, and make sure they can trust the AI’s output.

There is considerable concern about AI ‌displacing workers or becoming too powerful and working at odds with humans.

Agents require guardrails, and they have to be monitored to make sure that they’re doing what they’re supposed to.

Success requires not just finding the AI models or building AI actions that best suit a company’s needs but having the infrastructure and data security to do so responsibly.

Audit trails are necessary to hold autonomous AI agents accountable, just as employers might establish key performance indicators (KPIs) to keep human workers marching toward their expected goals.

It’s important to think about the role of agents at work as a partnership between people and AI. Complementing skills and intelligence will bring better business outcomes.

While agents can orchestrate complex actions on behalf of the user, they require those skills to be configured and need a degree of hand-holding to perform at their best.

Businesses need to take their employees on the AI journey. They will require training to work with autonomous AI agents because they need context and onboarding much like new employees.

Setting direction, clear goals, and giving feedback ultimately helps AI train itself better.

The future of work is a hybrid workforce

Together, agents with humans will drive customer success. This is what AI is meant to be.

Every company has more jobs to be done than the resources available to do them. As a result, many jobs go unaddressed or uncompleted.

An estimated 41% of employee time is spent on repetitive, low-impact work, and 65% of desk workers believe generative AI will allow them to be more strategic, according to the Salesforce Trends in AI Report.

However, it’s essential for AI agents to understand and execute their expansive capabilities. It’s equally, if not more, important for them to recognize their limitations and understand when human intervention is necessary.

The future of work is a hybrid workforce composed of humans with agents, enabling companies to compete in an ever-changing world. With AI, humans can focus on what’s really important: human relationships.


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Mojisola Ologe Bags The Peak Performer 2024 Admirable Woman in Leadership Award

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Celebrating excellence in leadership: Mojisola Ologe, a recognized risk management professional, has won The Peak Performer FEST 2024 Admirable Woman in Leadership Award.

Mojisola Ologe (middle) receiving the The Peak Performer FEST 2024 Admirable Woman in Leadership Award.

The event, held at the MUSON Centre, Onikan, Lagos, brought together women leaders from various industries as part of TPP FEST 2024. With the theme, “Enhancing Women Leadership with the Magic of Emotional Intelligence,” it highlighted essential behavioral insights and strategies for women to excel in their careers and business ventures, while also recognizing outstanding women in society and promoting leadership skills, global connections, and well-being.

With over 20 years of experience in technology, risk management, and cybersecurity, Mojisola Ologe has been at the forefront of safeguarding critical infrastructure within the financial and technology sectors.

Her comprehensive expertise in audit, regulatory compliance, and innovative risk management strategies has strengthened organizational resilience and driven operational excellence, establishing her as a trusted authority in the field.

Mojisola has successfully led transformative cybersecurity initiatives that align with global standards such as ISO 27001, NIST Cybersecurity Framework, and PCI DSS. Her strategic oversight has driven the implementation of advanced security controls, threat assessment protocols, and incident response frameworks, significantly enhancing organizational resilience against emerging cyber threats.

Beyond her professional expertise, Mrs. Ologe is a passionate advocate for empowering and mentoring women in cybersecurity, a field traditionally dominated by men. Her efforts have contributed to shaping a more inclusive technology landscape in Nigeria.

As a dynamic leader, Mojisola is recognized for her ability to foster collaboration and drive cross-functional teams towards shared objectives. A trailblazer in the field, she continuously pushes the boundaries of innovation and security in an ever-evolving digital landscape.

Presenting the Admirable Women in Leadership Award to Mojisola, Dr. Abiola Salami, publisher, The Peak Performer, said, “This is in acknowledgement of your excellent leadership by those you have led in the year under review 2023/2024.

“We hope this will inspire you to deliver a higher level of excellence in future”.

In her response, Mojisola said it was a very auspicious moment for her “as we all have gathered to celebrate myself and others who have excelled in different fields.

“It’s a great honour for me to be given accolades and award; I am truly obliged for this great honour and recognition given by The Peak Performer team”.

She said she is more energised and charged up to take up new and challenging projects which would work in the benefit of her organisation and the environment.

Other prominent award recipients included Lady Maiden Alex-Ibru, Chairman, Publisher, and CEO of Guardian Newspapers; Dr. Mosun Belo-Olusoga, a leading figure in Nigeria’s financial services sector; Bodam Taiwo, Head of Portfolio, Bond and Connect at Pernod Ricard; Chichi Emenike, Head of Gas Ventures at Neconde Energy Limited; Rachel Adeshina, Country Head of Technology and Services at FBN Bank Ghana; and Mabel Adeteye, Head of Brands and Communication at Wema Bank. Each of these women was recognized for their exceptional achievements and impact within their respective fields.

 

 

 


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