News
Interswitch Opens Platforms For Easy 2019 JAMB / UTME Registration
Following its accreditation by the Joint Admission and Matriculation Board (JAMB) to provide ePINs and forms for candidates looking to register for the JAMB/UTME examinations, Interswitch, a foremost Pan-African digital payment and Commerce Company, has announced the opening of its platforms for the 2019 JAMB/UTME registrations.
Prospective candidates seeking to register for the 2019 JAMB/UTME examinations, can easily obtain their ePINs and forms from enabled Interswitch platforms such as Quickteller Mobile App/Web, Quickteller Paypoint (Agents), via payment with Interswitch WebPAY on JAMB’s website and through payment using Interswitch Paydirect at any bank branch nationwide.
Olawale Akanbi, Group Head, Corporate Solutions at Interswitch explained that these Interswitch platforms have been enhanced to make the registration process easier for the candidates.
He said: “We have provided a variety of payment platforms that are reliable, user-friendly and very secure. Candidates have varied options across the Interswitch platforms. This includes a payment collection solution that allows them to make payment at any bank branch and other channels, including ATMs and mobile”.
To avoid the conceivable difficulties associated with the registration process, prospective candidates can follow the simple steps outlined below:
Candidate sends “First Name Middle Name Last Name” to short code “55019”.
– A text is sent to the candidate acknowledging receipt of the request.
– A process code is sent to the candidate via SMS.
– Candidate takes code to Quickteller App/Web, Bank Branch, or Quickteller Paypoint Agent Location, then provides unique ID to proceed with the payment.
– Candidate can now proceed with the payment via Quickteller App/Web, Bank Branch, or Quickteller Paypoint Agent Location.
Since its accreditation by JAMB in 2017, Interswitch has successfully enabled a seamless registration process for UTME candidates, providing up to 30,000 ePINs daily. Interswitch services are available online, across more than 18,000 ATMs, all Bank branches nationwide and over 18,000 Quickteller Paypoint Agents across Nigeria.
“Interswitch has for 15 years successfully delivered digital payments solutions in Nigeria with footprints across East Africa and Gambia. The JAMB UTME registration across the Interswitch platforms is not only easy and stress-free, it is also very reliable and secure” Akanbi added.
EFCC
The African Development Bank Group last week approved an investment of €6.5 million in the Saviu II fund in order to support technology start-ups through their seed phase and first institutional fundraising, mainly in French-speaking Central and West Africa.
The Bank will invest €4.5 million as equity and €2 million as a first-loss hedging tranche on behalf of the European Commission, under the Boost Africa Programme.
This participation of the Bank Group will enable the Saviu II fund to give priority to companies with a strong technological or digital component.
Saviu II, the second investment vehicle of Saviu Partners, plans to invest between €500,000 and €3 million in about 20 technology or technology-oriented business-to-business start-ups in the seed phase or carrying out first institutional fundraising.
The Saviu II venture capital fund aims to make at least 60% of its commitments in the French-speaking countries of West and Central Africa: Côte d ‘Ivoire, Cameroon, Benin, Senegal, Togo, Burkina Faso and Mali.
The fund can also co-invest in promising technology companies in East Africa that have a strong team and business model, and whose strategy includes entering the market in French-speaking West African countries and establishing a strong presence there.
In addition, the fund will devote a dedicated envelope to pre-seed investments, focusing on minority equity investments, usually in co-investment with studios, incubators or other ecosystem partners.
Nigerian Government has signed a $1.3 billion Memorandum of Understanding (MoU) with Africa Finance Corporation (AFC) via the Solid Minerals Development Fund (SMDF) to fund an alumina refinery, national geoscience mapping, and a strategic investment vehicle for mining growth.
Special Assistant to the Minister of Solid Minerals Development, Segun Tomori, said the refinery will process one million tonnes of bauxite yearly using a modern Bayer process, powered by an on-site gas-fired cogeneration plant.
Minister Dele Alake called it a transformative milestone boosting GDP, aligning with reforms that improve investment climate, regulations, and licensing to attract private capital. He directed agencies to fast-track permits.
The 20-year project at 95% utilization eyes 19 million tonnes total output, $1.2 billion annual GDP addition, $25 billion economic impact, and $8 billion forex earnings, per feasibility studies.
SMDF Executive Secretary Fatima Shinkafi termed it the agency’s biggest funding deal, supporting value-addition policy.
The partnership extends to geoscience mapping for mineral data, de-risking exploration, and a joint vehicle for mining assets.
Permanent Secretary Engr. Farouk Yabo praised the reforms. Shinkafi signed for government; AFC’s Franklin Edochie for the corporation, witnessed by AFC CEO Samaila Zubairu.
Tomori positioned it as Nigeria’s largest private mining investment and FDI magnet.
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