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Etisalat Pledges Support to Growth of SMEs

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Lucas Dada, director, Business Segment at Etisalat Nigeria has reiterated his company’s support to the growth of small and medium enterprises in the country.

Dada who stated this at the last edition of the Etisalat Market Access for 2013 put together by Etisalat Nigeria, and the Enterprise Development Centre (EDC) of the Pan-Atlantic University, to support growth of small and medium enterprises, said Etisalat was particularly committed to building formidable SMEs in Nigeria, by creating capacity and opportunities for the young business owners to gain access to the larger market.

‘Being five years old ourselves, we recognize the importance of a strong start. Etisalat has achieved 16 million subscribers, since its launch in 2008, thanks to customer-focused strategies, innovation and diligence. We have realized that the small and medium enterprises run on their own steam and so there is need for platforms that bring them in contact with big businesses and executives from various sectors. They can network and build partnerships from here. From our previous sessions across the country, we have produced success stories of entrepreneurs who expanded their network and went ahead to clinch contracts. The Etisalat Market Access is about adding value to the small business owner and in the long run, building Nigeria’s economy,’ he said.

Dada disclosed that Etisalat Nigeria had developed the network’s Easybusiness service platform and the new Easybusiness Millionaire Hunt, specifically with the young and upcoming entrepreneurs in mind. ‘Easybusiness is a Close User Group (CUG) for business owners so they can spend less on contacting employees and suppliers.

They can register up to 100 employees in the CUG, call as many customers as they want with no restrictions and even send free SMS.

The Easybusiness Millionaire Hunt on the other hand is an initiative launched to empower SMEs with grants worth N20 million, free training at the EDC, office equipment and mobile devices. Easybusiness from Etisalat aims to help entrepreneurs realise their business ideas.

At Etisalat, we believe SME is the bedrock of leading economies and it is our duty to contribute our quota to the economy by nurturing emerging business owners,’ he said.

Alhaji Bature Umar Masari, director general of the Small & Medium Enterprises Development Agency of Nigeria (SMEDAN), represented at the event by Oguche Agudah, Special Assistant (access to finance) to the Honourable Minister of Industry, Trade and Investment, said the significance of Small and Growing Businesses (SGBs) in the growth, productivity and competitiveness of the economies of developing countries is unquestionable.

‘Not only do they provide employment and income for the bulk of the population, they have been acknowledged as critical breeding and nurturing grounds for domestic entrepreneurial capacities, technical skills, technological innovativeness and managerial competencies for private sector development. Consequently, I want to specifically express my appreciation to Etisalat Nigeria, the EDC, the Federal Ministry of Industry, Trade and Investment and other stakeholders for supporting and putting this innovative and important forum together for the benefit of small and growing businesses in Lagos,’ he said.

Young and upcoming entrepreneurs across Nigeria have come to accept the Etisalat Market Access as a platform that helps them expand their network, learn how to grow their businesses and showcase their emerging businesses to other business owners, potential clients and leaders from various sectors of the economy.


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Huawei Launches Mondia Pay on Huawei Mobile Services in Nigeria, Others

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Huawei, in cooperation with digital payment entity, Mondia Pay, now offers Direct Carrier Billing service (DCB), for seamless, contactless payments for users in the MEA region through Huawei Mobile Services (HMS).

Mondia Pay is a leader in the digital payment space and provides a simple, fast and secure way for consumers to pay for services using their mobile phone.

Huawei has been working closely with Mondia Pay, the MEA region’s top digital payments fintech company, as part of its commitment to supporting developers in the MEA region. This strategic partnership will allow for increased DCB coverage and IAP (In-App Purchase) kit capabilities for global developers.

As a result, Huawei and smartphone HONOR users in almost 20 countries including, Egypt, South Africa, Tunisia, Nigeria, Tanzania, Madagascar, Liberia, and Botswana, will be able to make cashless payments securely without the need for bank cards by downloading the app from Huawei’s Application Store, AppGallery. In addition, Mondia Pay will also market Huawei’s games content in Egypt.

The number of mobile internet subscribers in Sub-Saharan Africa has quadrupled since the start of 2010 (World Bank Data) and, for many consumers, it’s the only way they can get online. With low credit card penetration rates in most markets, contactless, online payment solutions can reach wider audiences looking to consume digital content.

“This new partnership with Huawei is an endorsement of Mondia Pay’s industry expertise and deep routed knowledge of Africa. Customers across the continent will benefit from our fully integrated digital payment technology to make frictionless payments in a fast, safe and secure manner. We also support the natural progression towards cashless societies, fast-tracked by current affairs such as COVID-19,” said Simon Rahmann, CEO Mondia Pay.

Mondia Pay is available on Huawei’s AppGallery as direct carrier billing and e-wallet services to facilitate online consumer payments. Huawei’s AppGallery allows users to explore the best local and global apps.

Adam Xiao, Managing Director, HMS and Consumer Cloud Service for Huawei Consumer Business Group MEA, said: “We welcome the opportunity to partner with Mondia Pay to provide our users across the MEA region with even more payment options.

Mondia Pay allows for contactless payment without the need for bank cards in a safe and secure manner that protects the privacy of users. This partnership is part of Huawei’s ongoing commitment to make it easier for local and global developers to offer their services to millions more people in the MEA region.”


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Sub-Saharan Africa 5G Connections to Reach 18m by 2025 – Report

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Mobile technologies and services are expected to significantly increase in Sub-Saharan Africa, with over 137 million new mobile subscribers forecast to be added in the region by 2025.

An estimated 27% (165 million) of total mobile connections will be made on 4G and 3% (18.4 million) on 5G, by this period.

This is according to the latest “Mobile Economy Sub-Saharan Africa 2020” research report released by the GSM Association (GSMA) to coincide with the GSMA Thrive Africa virtual event.

It consists of an in-depth study that explores the latest data, forecasts and mobile trends for the region.

According to the report, mobile-enabled platforms and services will increasingly disrupt traditional value chains in Sub-Saharan Africa, as it remains the fastest-growing mobile region globally, with 477 million mobile subscribers at the end of 2019.

The additional 137 million subscribers expected over the next five years will take the total mobile subscriber base to just over 614 million, representing around half the population in the region and a CAGR growth rate of 4.3%.

While spectrum availability will promote strong growth in 4G and 5G connectivity over the next few years, 3G mobile connections will continue to dominate the region, says the GSMA.

The report calculates the strong growth in mobile connectivity across Sub-Saharan Africa will generate around $184 billion in economic value contributed to the region’s GDP by 2024.

“The findings from our Mobile Economy Sub-Saharan Africa report clearly show the importance and value of digital connectivity,” says Akinwale Goodluck, head of Africa, GSMA.

“Realising the full potential of a progressive digital future requires an informed policy debate. Governments and policymakers should implement policies to enhance access to connectivity and drive investment in more resilient digital infrastructure for the future.

This is crucial to reactivating the region’s economy post-COVID-19 despite the sizable contribution mobile technologies and services generated in 2019, growing at 9% of regional GDP.”

The COVID-19 pandemic has had a profound impact on the digital landscape around the world, and the mobile industry in Sub-Saharan Africa has largely risen to the challenge of keeping individuals and businesses connected during the pandemic, despite changes in data consumption patterns, the report points out.

However, with nearly 800 million people in the region still not connected to the mobile Internet, it has never been more urgent to close the digital divide, it advises.

Mobile money services, infrastructure and mobile-based content/services, as well as the application of mobile big data for social good, are expected to record the highest rise in the next five years, notes the report.

“The 2020s will see strong growth in the number of Africans connected to mobile broadband. As 4G and 5G grow together throughout the decade to come, spectrum preparation can drive cost-efficiency and promote growth,” according to the GSMA.

“Efficient and effective management of spectrum is also key to maximise the opportunities that mobile connectivity can bring to society. Making sure the required spectrum resources are available under the right conditions will lower broadband costs, increase coverage and boost connectivity.”

In 2018, mobile technologies and services supported almost 3.5 million jobs (directly and indirectly) and made a substantial contribution to the funding of the public sector, with almost $15.6 billion raised through taxation, according a previous report.

As countries increasingly benefit from the improvements in productivity and efficiency brought about by the increased take-up of mobile services, this is expected to significantly boost the informal economy, which accounts for a large part of the mobile ecosystem in Sub-Saharan Africa, notes the GMSA.

Nigeria and Ethiopia will record the fastest growth rates of mobile connectivity, between now and 2025, growing at 19% and 11% respectively, it adds.


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Ndukwe Reveals Secret of MTN’s Dominance Of Nigeria’s Telecoms Space

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Dr Ernest Ndukwe, Erstwhile Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission (NCC), has been speaking on why foremost telecommunications services provider, MTN, has continued to dominate the Nigerian telecom space like a colossus.

Ndukwe, speaking on Tuesday as a guest at the Virtual Digital Africa VIP Leadership Series powered by Digital Africa, organisers of the annual Digital Africa Conference & Exhibitions, noted that three factors – strong financial position, good management and discipline in terms of managing resources, separate MTN from the rest of the pack.

“I think it is important to say that MTN is a particularly disciplined company right from its roots; it has always been a well-run organization. It has not had the board squabbles of its competitions. Since the first board of MTN (Nigeria), some of the board members just retired last year (2019). Meanwhile, their competitions have had various owners, various quarrels, and various issues,” he said.

Ndukwe, who is the Chairman of MTN Nigeria Board, said that nobody can be blamed for this position as the way organisations manage their affairs translates to the kind of position they occupy in the business environment.

“One thing that people don’t know also is that for the first five years of existence of MTN in Nigeria, it did not pay dividends to its shareholders. They recognized the importance of scale and were pumping in all the earnings, all the profits into building networks. They started building their own microwave links; they started building their own fibre optic links all across the country because it’s a matter of planning.

“Let it be said that technology changes, the best company today might not be the best company tomorrow. A few years ago, Facebook was not on the reckoning but today, is a much bigger company. People might not make it in terms of telecommunications service delivery because in certain countries, there is actually a certain number after which the market gets saturated. There are opportunities in the technology space; all that is needed is for operators to discover them and leverage.

“When Zoom started, no person knew it was going to scale to the level it has now reached; thanks to Coronavirus. People should continue to look for opportunities and niche markets and go there because that’s where they can scale. There are many companies that are doing very well in the financial technology space in the country too.”

Dr. Ndukwe also talked about NITEL, 5G, the Stock Market, companies he admires in Nigeria and the concept of a single African Telecoms network.


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