News
Cameroonian Firm, GIMAC Visits CWG Facility

Mr. Valentin Mbozo’o, managing director of Cameroon’s interbank agency, “Groupement Interbancaire Monétique de l’Afrique Centrale (GIMAC), led a delegation of the agency on a working visit to the corporate head office of Computer Warehouse Group Plc (CWG) in Lagos, recently.
The objective of the team was to be appraised of CWG’s cloud offerings and identify areas of potential collaboration between both firms.
In his welcome remarks, Mr. James Agada, chief technology officer, CWG, explained that CWG has garnered a rich history of offering business enabling IT solutions to the finance industry in Sub-Saharan Africa.
According to him, “CWG has rolled out a plethora of innovation products and excellent support services to financial institutions in Nigeria that has improved their customers’ experience and expanded the business scope.”
“CWG in partnership with FBN powered Firstmonie, an innovative product that enables customers to access financial and other value added services offered through their mobile phones and we have recently followed up with Diamond Yello account in conjunction with Diamond bank and MTN. We have also deployed the Finacle banking application to leading banks to enhance their operations. We deployed about a third of the aggregate ATMs in the country and support quite a number as we speak.”
“Today, the visit by GIMAC bears the possibility of replicating this history in Cameroon and Francophone Africa”, he concluded.
For GIMAC, the visit presents a unique opportunity for the agency to partner with CWG in her bid to extend her scope of operations and service delivery.
According to Mr. Mbozo’o, “Our objective at GIMAC, named vision 2017, is to introduce a unique payment card that will be adopted in the Central African Economic and Monetary Community (CEMAC) countries by 2017. This will enable us have a functional, regulatory financial ecosystem in the entire region in the nearest future.”
“We have seen that CWG has the technical expertise and the credibility to help actualize our vision and we are willing to partner with them to make this vision a reality”, he added.
In his remarks, Mr. Austin Okere, founder and chief executive officer, CWG Plc, observed that growing GIMAC’s transaction base to include the unbanked and underbanked population is a precursor for a successful actualization of her vision and that CWG has the capacity to boost the transaction base geometrically through financial inclusion and SME empowerment.
According to Mr. Okere, “We have rolled out a number of solutions that address the issue of financial inclusion. FINEDGE is designed to give Microfinance Institutions (MFIs) sustainability and mechanisms for control. With it they can automate their services and serve the SMEs community effectively. Diamond Yello account has brought banking to the door step of everyone capable of operating a mobile phone. We introduced SMERP; an ERP solution that allows SMEs keep their inventory and track sales. Another is Openshopen, an e-commerce platform that will help them boost their visibility and improve sales. With these, not only will the SMEs be able to secure loans and increase profitability but MFIs will feel safe to grant them these loans.”
“In all we have created a technology platform in the cloud where the various players in the economy transact using technology. And, we believe that GIMAC will leverage on the unique opportunities we offer through these solutions to actualize their vision”, he noted.
News
FG Unveils AI Public Services Platform

Federal government has launched GovGuideNigeria, an artificial intelligence (AI)-powered digital platform designed to streamline access to public service information through WhatsApp and the web.

The platform consolidates information from more than 35 federal ministries and over 60 government agencies, marking a significant step in Nigeria’s drive to expand AI-enabled public infrastructure and digital government services.
According to Bosun Tijani, Nigeria’s minister of communications, innovation and digital economy, the initiative aims to simplify interactions with government services, particularly for underserved communities that often face challenges navigating complex public-sector systems.
Developed in collaboration with the National Centre for Artificial Intelligence and Robotics, Meta, and Publica AI, GovGuideNigeria uses conversational AI to provide real-time responses via WhatsApp and a web interface in English, Hausa, Igbo and Yoruba.
Sade Dada, head of public policy at Meta, said the multilingual rollout highlights the growing use of natural language processing within African public institutions to improve digital inclusion and broaden access to services.
Ignatius Willie, chief executive of Publica AI, said the platform demonstrates how Africa’s next generation of digital public infrastructure can be developed locally using African languages.
GovGuideNigeria is intended to address longstanding challenges in Nigeria’s public information system, where citizens often struggle to access reliable guidance because of fragmented government websites, poor communication channels and the expense of travelling to physical offices.
Through AI-driven automation, users can obtain information on immigration procedures, documentation requirements, public programmes and agency-specific services through chat-based interactions.
The launch also reflects Nigeria’s broader ambition to integrate AI into digital governance, while strengthening partnerships between government agencies, global technology companies and local AI startups to modernise public service delivery.
News
Elon Musk to Become First World’s Trillionaire with SpaceX Historic IPO

Elon Musk is poised to become the world’s first trillionaire after SpaceX, his company, confirmed plans to go public.

Elon Musk
Because Musk owns the majority of the shares, it could push his net worth over the trillion dollar mark.
The entrepreneur is known for his leadership of Tesla, SpaceX, X, and xAI.
Musk has been the wealthiest person in the world since 2025; as of May 2026, Forbes estimates his net worth to be $788 billion.
SpaceX has filed for a blockbuster public listing in the United States, paving the way for what could become the largest stock market debut in Wall Street history.
The company, formally known as Space Exploration Technologies, announced plans to begin trading under the ticker symbol “SPCX” as early as next month.
The listing values SpaceX at about $1.25 trillion, with Musk’s majority ownership potentially worth more than $600 billion alone.
Combined with his existing holdings in companies including Tesla, the IPO could push Musk’s personal wealth above the $1 trillion mark.
The long-awaited filing also offered investors a rare look into SpaceX’s finances.
The company reported $18.6 billion in revenue last year but recorded a net loss of $4.9 billion. In the first quarter of this year, SpaceX generated $4.7 billion in sales while posting a $4.3 billion net loss.
Financial disclosures showed the company holds $102 billion in assets, including rockets, launch infrastructure and satellite systems, while carrying debts totalling $60.5 billion.
Despite the losses, analysts suggested investors were unlikely to be deterred given SpaceX’s dominance in commercial space launches and satellite internet services.
Ruth Foxe-Blader, managing partner at Citrine Venture Partners, described the planned flotation as “extremely exciting.”
“SpaceX is just an absolutely sprawling, enormous project with so many different selling points, and so many points that really point to the future,” she said.
SpaceX operates the Starlink satellite internet network and also owns Musk’s artificial intelligence company, xAI.
The IPO filing revealed that xAI recently reached a major commercial agreement with rival AI company Anthropic, maker of the Claude chatbot.
Under the arrangement, Anthropic will reportedly pay $15 billion annually to access data centre infrastructure linked to xAI operations in the American South.
The filing also disclosed that SpaceX expects to incur more than half a billion dollars in legal costs from multiple ongoing lawsuits and regulatory disputes.
Among the cases listed were claims alleging that xAI’s chatbot Grok had been used to create sexualised deepfakes of women and girls, alongside patent infringement disputes, music copyright claims, data breach allegations and investigations into compliance with European Union content moderation rules.
Musk has previously said he plans to dissolve xAI as a standalone company and pursue his AI ambitions directly under SpaceX.
The filing came shortly after Musk lost a high-profile legal battle against OpenAI and its chief executive Sam Altman.
Musk had accused OpenAI of abandoning its non-profit mission after shifting towards a commercial model, but a jury dismissed the lawsuit, ruling that he had waited too long to bring the claims.
News
Moniepoint Boosts UK Payments Security

African financial services platform Moniepoint has partnered with open banking software-as-a-service provider tell.money to deploy a transaction security system in the UK market.

The companies said the partnership will allow Moniepoint to implement Confirmation of Payee, an account name-checking service designed to verify recipient details before payments are processed.
The integration will be rolled out through Monieworld, Moniepoint’s UK remittance subsidiary, as part of the company’s broader European expansion strategy.
Tell.money will provide the underlying verification technology, which the companies said is intended to reduce misdirected payments and help protect users against cross-border fraud.
Ravi Jakhodia, CEO of Monieworld, said: “Our goal with Monieworld is to build financial services for Africans in the diaspora.”
He added that tell.money was selected because it manages compliance and accreditation requirements, allowing the fintech company to focus on customer service.
Moniepoint is entering a competitive UK-to-Africa remittance market that includes established providers such as Wise, WorldRemit and Remitly, as well as African fintech firms including Flutterwave’s Send App.
According to data from the World Bank’s KNOMAD programme, remittance flows to low- and middle-income countries are estimated at about $620 billion annually, with digital -first platforms capturing increasing market share through open banking integrations and automated compliance systems.
The rollout reflects a broader trend of African fintech firms expanding into developed markets by adopting local regulatory and open banking standards.
Industry analysts expect diaspora-focused platforms to evolve beyond money transfers into services such as multi-currency banking, credit and investment products.
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