News
Incubation Road-Trip: Ampion Announces 2015 Venture Bus Africa, Partners
Ampion has announced partnership with Transparency International, the Open Society Initiative for West Africa (OSIWA) and leading financial institutions in West Africa.
The partnerships will span two major projects: The Ampion Venture Bus West Africa, running from September 17 to 23, 2015 and the Ampion Fellowship, a startup incubation program to be launched and ran in West Africa from October 2015 until March 2016.
The Ampion Venture Bus West Africa 2015, which aims to develop tech solutions for democratic participation and financial inclusion, will kick off on September 17 in Abidjan, Ivory Coast, at the brand new fablab Baby Lab.
The Venture Bus program will bring 45 talented entrepreneurs on a 7-day tour to meet the tech startup communities in Ivory Coast, Ghana, Togo, Benin and Nigeria.
The startups on the bus are encouraged to work together with Ampion’s partners to develop innovative solutions in the fields of fin-tech and governance.
The programme will alternate between working on own startup ideas on the bus and pitching, workshops & coaching sessions during stops in the region’s biggest tech HUBs.
The Venture Bus is destined for Lagos, Nigeria where it coincides with Africa’s largest pitching competition, DEMO Africa on September 23.
At the Venture Bus Grand Final in Lagos, the startups developed on the Venture Bus will pitch to a renowned jury of company representatives and investors.
The best startups emerging from the Venture Bus West Africa will have the chance to apply for the Ampion Fellowship West Africa 2015/2016.
The Fellowship is a 6 months incubation program starting in October 2015. It offers a grant, free office space and free, regular one-on-one mentoring.
The Ampion Fellows will fly to a kick-off event in Berlin, Germany, to meet investors and to refine their business model. No equity will be taken in the Ampion Fellowship.
The program is launched in cooperation with OSIWA.
Ampion is the leading pan-African entrepreneurship initiative to enable young Africans to start ICT companies, creating considerable social and economic impact.
AMPION organizes 7-day Venture Bus programs accompanied by international mentors and followed by an extensive incubation program.
Ampion is winner of the “Global Innovation Ecosystem Award 2015” as well as the “Pan African Awards for Entrepreneurship in Education 2014”.
Corporate supporters of the Ampion programs are and have been, among others, Microsoft, SAP, MTN and Merck.
In 1993, a few individuals decided to take a stance against corruption and created Transparency International (TI). Now present in more than 100 countries, the movement works relentlessly to stir the world’s collective conscience and bring about change.
From villages in rural India to the corridors of power in Brussels, TI gives voice to the victims and witnesses of corruption. TI work together with governments, businesses and citizens to stop the abuse of power, bribery and secret deals.
Also, the Open Society Initiative for West Africa is active in 10 countries in the region (Benin, Cote d’Ivoire, Ghana, Guinea, Liberia, Mali, Niger, Nigeria, Senegal, and Sierra Leone) and focuses on law, justice and human rights, and economic and political governance.
The initiative pursues the development of open societies by supporting and building partnerships with local and regional groups that promote inclusive democratic governance, transparency and accountability, and active citizenship.
News
NCAA to Introduce RFID Technology to Tackle Missing Luggages

Nigeria Civil Aviation Authority (NCAA) has announced plans to introduce Radio Frequency Identification (RFID) baggage tracking technology across domestic and international airport terminals to tackle the growing problem of delayed, misrouted and missing luggages

Michael Achimugu, director, Public Affairs and Consumer Protection, NCAA, disclosed this at a stakeholder engagement forum in Lagos.
Achimugu said the RFID-enabled system would replace the traditional barcode-based baggage tracking framework and provide airlines and passengers with real-time visibility of checked luggage from check-in to final collection.
According to him, the technology would improve baggage traceability, reduce mishandling and strengthen accountability across the baggage-handling chain.
Unlike conventional barcode systems, RFID technology allows baggage to be automatically scanned at multiple points without requiring direct line of sight, enabling real-time tracking of luggage throughout its journey.
Achimugu said issues involving short-landed, missing, lost or damaged baggage had remained among the major complaints from air travellers, alongside flight delays.
He said the introduction of RFID technology was therefore aimed at improving baggage-handling standards and restoring passenger confidence in the aviation sector.
The NCAA said the initiative also aligns with IATA Resolution 753, which requires airlines to track baggage at key points during the passenger journey.
The authority expects the technology to provide more accurate information on the location of luggage, facilitate quicker resolution of baggage-related complaints and improve the overall passenger experience.
The NCAA said the initiative would also strengthen accountability among airlines and other stakeholders involved in baggage handling at Nigerian airports.
News
Firm Urges MSMEs to Increase Digital Payments Adoption for Growth

eTranzact International Plc has called for increased adoption of digital payment solutions among micro, small and medium enterprises (MSMEs), saying access to technology is critical to improving business efficiency, financial inclusion and growth.

The company also said it was deepening its partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to expand digital access and financial literacy among small businesses across the country.
In a statement, the Divisional Head, Merchant Services, eTranzact, Mrs. Abimbola Reis, stated this at the SMEDAN/eTranzact Town Hall Engagement in Lagos recently, themed, “Financial Literacy and Inclusion for MSMEs Leveraging on Fintech Innovation.”
Reis described MSMEs as the backbone of Nigeria’s economy, noting that the sector comprises almost 40 million businesses and contributes significantly to economic growth and job creation.
However, she said many businesses continue to face challenges including limited access to finance, inefficient payment systems, weak financial reporting, cash-flow constraints and inadequate access to digital platforms.
She added that trust concerns also affect businesses’ ability to access finance, while heavy reliance on cash increases exposure to theft and makes payment reconciliation more difficult.
Representing the Director-General of SMEDAN, Prof. Yinka Fisher said the town hall was aimed at generating practical ideas and solutions that would support the growth and expansion of MSMEs.
“The essence of this engagement is to share ideas and concepts that will help MSMEs thrive and expand. Our partnership with eTranzact is about expanding the frontiers of MSMEs and ensuring they continue to grow,” he said.
Also speaking, representative of the Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dr. Praise Adedigba said businesses could no longer depend solely on hard work to remain competitive.
News
PalmPay Reinforces Commitment to Youth Empowerment on International Youth Day

As the world marks International Youth Day, attention once again turns to the opportunities and challenges facing young people as they prepare for work, financial independence, and adulthood.

In Nigeria, the urgency is clear. According to UNICEF, about 7% of young people aged 15–24 possess basic ICT skills, highlighting a wider gap in the skills required to participate effectively in an increasingly digital economy.
At the same time, the Federal Government, through the Federal Ministry of Youth Development, continues to prioritize skills development, job creation, entrepreneurship and social inclusion.
For PalmPay, youth empowerment goes beyond corporate social responsibility. It is an investment in the people who will shape Nigeria’s workforce, businesses and economy.
This belief is reflected in initiatives focused on financial literacy, employability, digital skills and access to opportunities.
Through its Graduate Trainee Programme, PalmPay provides young graduates with opportunities to gain workplace experience, develop professional skills and build careers in a fast-evolving industry.
The investment also extends to financial education. Through its NYSC Financial Literacy Programme, PalmPay brings practical financial education to young Nigerians at an important transition point, helping Corps members develop better habits around saving, spending, budgeting and protecting their money.
For young women, Purple Woman provides another pathway to economic empowerment, creating opportunities for internships, learning and professional development while supporting greater female participation in the technology sector.
Speaking on the importance of youth empowerment, Chika Nwosu, Managing Director of PalmPay Nigeria, said: “Nigeria’s young population is one of its greatest assets, but unlocking its potential requires access to the right skills, knowledge and opportunities. At PalmPay, we are committed to equipping young Nigerians to learn, earn and thrive in an increasingly digital economy. We believe that investing in young people today is an investment in a stronger, more inclusive Nigeria.”
These initiatives reflect a broader belief that youth empowerment is most meaningful when young people are given the knowledge, exposure and opportunities to apply what they learn.
A graduate given workplace exposure today can become tomorrow’s business leader. A Corps member who develops sound financial habits can carry those lessons into their career and personal life. A young woman given access to professional opportunities can gain the confidence, experience, and networks to create opportunities for others.
Investing in young people is a great strategy for building a stronger, more productive, and more inclusive economy.
This International Youth Day, PalmPay reaffirms its commitment to investing in young Nigerians and contributing to a broader national ambition where the young population is not just counted, but equipped, employed, empowered, and positioned to lead.
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