News
Mohammed Kateeb Named Co-Chair of CIBAFI’s ITWG

Azentio Software has selected Mohammed Kateeb as a co-chair of the CIBAFI’s Innovation and Technology Working Group (ITWG) for the year 2021-2022 during the Group’s kick-off meeting held on Monday 6 December.

The ITWG is part of the approved CIBAFI (The General Council for Islamic Banks and Financial Institutions) Strategic Plan 2019-2022 whose objective is to conduct various initiatives with the aim of strengthening the adoption of financial technologies within the Islamic financial services industry.
This includes encouraging innovation and product development initiatives that are in line with the industry developments and Sharia principles, coordinating with other strategic institutions in the Islamic finance sector to support a comprehensive integration of trending technologies, and encouraging partnerships and collaboration with key players of the fintech ecosystem.
In response to Kateeb’s appointment, Dr. Abdelilah Belatik, Secretary General of CIBAFI said, “On behalf of the CIBAFI Secretariat, I would like to congratulate Mohammed Kateeb on his appointment as co-chair of CIBAFI’s newly established ITWG.
CIBAFI is recognizing the crucial role of innovation to the continuing success of any organization, and we are enthusiastic to be working with this Group to conduct various activities and initiatives that will strengthen the adoption of financial technologies within our members’ network and beyond”.
Kateeb, a former Group Chairman & CEO at Path Solutions has just begun his new role as President, Middle East & Africa and Global Head of Islamic Banking at Azentio, following its acquisition of the multi-award winning Islamic banking software firm.
An industry veteran, Kateeb will bring increased scale and combined expertise to help Azentio’s diverse client base put in place next-generation technology strategies that meet customer digital expectations and support business growth.
Commenting, Kateeb said, “I have been an active participant in CIBAFI’s strategic meetings for several years and I’m honored to have been selected to co-chair this important Group this year.
“The formation of the ITWG couldn’t have come at a better time, as the Islamic finance sector is trying to find its place and identify its role in the emerging ecosystem in the midst of Industry 4.0 revolution.
“It is critical that CIBAFI plays a key role in assisting and sometimes guiding the innovation of the Islamic banks in their struggle not to be driven to the irrelevance. I am excited to be a part of this important initiative and look forward to continue working together”.
The inaugural meeting which set the groundwork required to achieve the objectives of the ITWG witnessed presentations by Kateeb, Dr. Philipp Wackerbeck, and Suleiman Barada to the 23 members attending from 11 countries on the technological developments in the Islamic finance industry, the key challenges and opportunities that these developments present for Islamic financial institutions, and the strategies needed for mastering innovation to achieve sustainable growth.
News
UK Appoints Peter Vowles as British High Commissioner to Nigeria

The UK Government has announced the appointment of Mr Peter Vowles as the next British High Commissioner to the Federal Republic of Nigeria.

Mr Vowles succeeds Dr Richard Montgomery CMG and is expected to take up his post in Abuja in September 2026. Dr Montgomery remains in post until that time.
Mr Vowles brings extensive diplomatic and development experience to the role, having served as His Majesty’s Ambassador to Zimbabwe from 2023 to 2026 and previously as Ambassador to Myanmar from 2021 to 2022.
He has held senior leadership positions across the FCDO and its predecessor department DFID, including as Transformation Director and Director for Asia, Caribbean and Overseas Territories.
Earlier in his career, Mr Vowles worked in international development across South Asia, Central Africa and East Africa, including postings in Bangladesh, India, the Democratic Republic of Congo and Kenya. He began his career in Zimbabwe, where he worked in education and development.
Peter Vowles said: “I am honoured to be appointed as British High Commissioner to Nigeria. Nigeria is a country of immense importance to the United Kingdom, and I look forward to working closely with Nigerian partners to strengthen our relationship across trade, development and security.”
News
Nigeria’s Apapa, Tin Can Ports Make Global Top 20 Improvement List

World Bank has ranked the Apapa and Tin Can Island Port complexes in Lagos among the world’s 20 most improved ports in its 2025 Container Port Performance Index (CPPI), released in June 2026.

The ranking places both ports in the “Top 20 Port Improvement Since 2020” category, reflecting significant gains in operational efficiency and vessel turnaround time.
The CPPI is a global benchmark used to assess the efficiency of container ports based on factors such as cargo handling speed, ship turnaround time and overall logistics performance.
According to the report, the improvement highlights ongoing reforms and modernization efforts within Nigeria’s maritime sector.
The Managing Director of the Nigerian Ports Authority (NPA), Mr Abubakar Dantsoho, attributed the recognition to ongoing policy reforms and infrastructure upgrades in the sector.
He said the development reflects the impact of economic policies of President Bola Tinubu and the support of the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola.
“With the investor-friendly policies of President Bola Ahmed Tinubu providing the impetus for increased investment to drive our port infrastructure and equipment modernisation programme, coupled with the unflinching support of the Honourable Minister of Marine and Blue Economy, Adegboyega Oyetola, we have all it takes to further enhance trade facilitation, improve competitiveness and boost the national economy,” he said.
The NPA said the recognition is expected to strengthen investor confidence in Nigeria’s maritime sector and enhance the country’s position as a regional trade and logistics hub.
It noted that improvements in port operations are already contributing to increased efficiency in cargo movement and reduced delays at key terminals.
The authority also pointed to ongoing efforts to modernise port infrastructure and expand digital systems aimed at improving service delivery.
Earlier in February 2026, the NPA said the federal government had intensified efforts to position Nigeria as a leading maritime destination through port rehabilitation and modernization projects.
It also highlighted public-private partnership initiatives, including developments at the Lekki Deep Sea Port, as part of broader reforms aimed at improving efficiency and attracting investment.
The CPPI ranking is expected to further boost Nigeria’s maritime profile and encourage additional investment in the sector.
News
PalmPay Joins Industry Leaders @ Digital Pay Expo 2026

As digital payment adoption continues to grow across Nigeria and emerging markets, the next phase will depend not just on innovation, but on the strength, reliability, and trustworthiness of the infrastructure behind it.

While the ecosystem has made clear progress in recent years, trust remains a critical issue for users, businesses, and operators alike. Questions around resilience, security, interoperability and transaction reliability continue to shape how the market evolves and how confidently digital payments can scale.
These issues will be central to the deliberations at Digital Pay Expo 2026, where fintech leaders, payment operators, and other ecosystem stakeholders will gather under the theme, “Seamless Digital: Fostering Pan-African Market Expansion in the Era of AI.”
PalmPay’s participation reflects its continued commitment to building trusted and scalable payment infrastructure, while contributing to the broader industry efforts to strengthen systems, standards, and partnerships needed to support long-term ecosystem growth.
Speaking ahead of the event, Olorunfemi Hanson, Head of Marketing and Communications at PalmPay Nigeria, said: “As the financial services ecosystem continues to grow, trust and reliability become even more important.
“The industry’s next phase will be shaped not only by innovation, but by the strength of the infrastructure supporting it. Digital Pay Expo provides an important platform to address the resilience, interoperability, and trust issues that will shape the future of digital payments growth across Africa.”
The event, scheduled to be held from the 17th to the 18th of June, 2026, will feature Chika Nwosu, Managing Director of PalmPay Nigeria, alongside other distinguished guests, including the Director-General, Payment System Management Department (PSMD), Central Bank of Nigeria. The event will examine how the industry can balance innovation, regulation, and scalability while strengthening trust across the digital payments value chain.
For PalmPay, this event reinforces its role in supporting a more resilient, secure and scalable payments ecosystem for Nigeria and emerging markets more broadly.
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