Connect with us

Telecom

PAFON: Digital Encode, Cybervergent, Payble Sign Up for Payments Forum Nigeria 1.0

Published

on

Kindly share this post

Payments Forum Nigeria (PAFON), the cross-industry platform focused on addressing issues that require broad cooperation and coordination across many constituents in the payments industry, has attracted sponsorships from Digital Encode Limited, Cybervergent and Payble.

Financial industry experts are warming up for the first edition of PAFON, scheduled to take place at Oriental Hotel, Lekki Road, Lagos on Thursday March 21, 2024, by 9am.

The Forum aims at providing an inside-look at the industry, offering perspectives from key stakeholders, including payment networks, technology innovators, leading merchants, issuers, acquirers and payment processors.

Throughout the years, the finance world has shifted into something much more than just banking and big corporations.

Speaking ahead of the star-studded PAFON 1.0, with the theme: “Payments: Trust, Security and Privacy in AI Era”, Dr. Adewale Peter Obadare, the Chief Visionary Officer [CVO], Digital Encode Limited, said that customers want to be assured that their sensitive information, such as credit card numbers and personal details, is treated with utmost care hence security has become paramount in the payments industry.

“Secure payment processing ensures that data breaches are minimized, instilling confidence in customers to keep coming back. Nigerian financial institutions reported ₦159 billion ($201.5 million) lost to fraud cases since 2020, according to the Financial Institutions Training Centre (FITC). This is what the experts must tackle and customer awareness is key too”, he said.

Based on a report by Gartner, by 2024, 40% of privacy compliance technology will rely on AI, up from 5% in 2019, and by 2025, 60% of large organizations will use at least one privacy-enhancing computation technique in analytics, business intelligence, or cloud computing, and financial services industry is no exempted.

On the other hand, Roosevelt Elias, the co-founder of Payble, described PAFON as a ‘must-attend’ Forum due to the ‘issues listed to be discussed are germane and require critical attention. For instance, building financial inclusive products requires a mix of technology and illiteracy. The industry can’t achieve this by working in silos; we just have to unite to achieve the set target on financial inclusion, particularly for the rural dwellers.

Digital Encode (a leading consulting and integration that specializes in the design, management, and security of business-critical architecture); Cybervergent (a company dedicated to helping protect business sensitive data from cyber-attacks, including customer information, financial records and intellectual property); Payble (a fintech startup that modernises local government payments such as creating citizen-centric payment experiences, delivering flexible billing and simplified rate collection, will be joined at PAFON 1.0 by Inlaks, an IT company that offers core banking, fraud management, cybersecurity, cloud, data center, enterprise risk management, amongst other industry players.

“Our goal is to enable information exchange and knowledge sharing on key industry insights issues amongst key stakeholders, with the objective of ensuring a collaborative and proactive approach to push for policies that enable growth, tackling/mitigating fraud and limiting occurrences and losses”, said Mr. Chike Onwuegbuchi, the co-founder of TechCastle Foundation, organisers of Payment Forum Nigeria (PAFON).

He said that the Forum is driven by the reasons to; “educate and inform financial service players and other stakeholders on various issues and trends (both locally and globally); proactively share data/information amongst banks, Fintechs and other service providers, to enable prompt responses to prevent and/or limit (customer-related) losses; and discuss key Payments security trends”.

“Speakers will be drawn among industry players such as banks, Fintechs, mobile money operators, blockchain experts, Cybersecurity, etc., as we expect attendees from the Central Bank of Nigeria (CBN); e-Banking Heads; Chief Compliance Officers of banks in Nigeria; Chief Internal Auditors of banks in Nigeria; Office of The National Security Adviser; Switching companies; the Economic and Financial Crimes Commission; Licensed Mobile Payment Operators; Electronic Payments Providers; Information Security Experts; Consumer Protection; Financial Policy and Regulation; Information Technology; Legal Services; Banking Supervision; Corporate Communication; Shared Services Office; Blockchain Security Experts, etc”, he added.

Participation:

Participation is free; however, you are required to pre-register using the link here: https://bit.ly/4c4N19H


Kindly share this post

Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

Telecom

Airtel Doubles its 5G Network Coverage in Kenya

Published

on

Kindly share this post

Airtel Kenya has announced major steps in its network expansion, doubling its 5G footprint since mid-2023. The company has expanded its 5G network to cover 39 counties and 285 wards, with over 690 sites operational.

This year, Airtel Kenya aims to add approximately 1000 new sites, with 50% of the rollout already completed.

The expansion focuses on improving indoor coverage in urban areas and extending services to rural regions, particularly in the North Eastern part of the country. Airtel Kenya’s network now covers 89% of the Kenyan population, with a goal to increase this coverage to 94% by the end of 2024.

In response to the growing demand for reliable home internet, Airtel Kenya has launched new Unlimited Home Broadband 5G Data Plans. These plans offer seamless and uninterrupted internet access, making them ideal for streaming, gaming, remote work, and other high-bandwidth activities.

The plans are priced at Kes 3,500/month for 10 Mbps, Kes 5,000/month for 20 Mbps, and Kes 6,500/month for 30 Mbps. The Airtel 5G router, now available for a reduced price of Kes 2,999, features an innovative power backup, ensuring up to 5 hours of connectivity during power outages.

Customers can order the Airtel 5G router and sign up for an Unlimited Data Plan at any Airtel shop, online at Airtel Kenya, or by dialing *400# for home delivery and plan renewals.

 


Kindly share this post
Continue Reading

Telecom

IHS’ Impact on Nigeria’s Digital Transformation, Foreign Direct Investments Drive

Published

on

Kindly share this post

By Blessed Omonose.

Proudly Nigerian Campaign, a private sector initiative promoted by media entrepreneur, Olorogun Elkanah Mowarin, in 2017, was one of the popular efforts to elicit pride in resourceful Nigerians and made-in-Nigeria products and services. The central theme of the campaign was to project Nigeria and Nigerians as a Brand by generating positive narratives about Nigeria and her people.

Today, IHS Nigeria is one notable corporate brand that wears the Proudly Nigerian emblem with gait and a commitment to promote Nigeria as a good brand, despite some challenges the country faces.

Last October, President Bola Tinubu played host to a team of senior management of IHS Nigeria in New York, United States on the sideline of the United Nations General Assembly. During the meeting, the Executive Vice President (EVP) and Chief Human Resources Officer, Ayotade Oyinlola, listed the company’s giant strides, including its consistent investments in state-of-the-art communication infrastructure and world-class services that have put Nigeria on a very strong footing in the global telecommunication market.

Oyinlola said at the time, that in an era where connectivity serves as the lifeblood of societies and economies, IHS Towers stands as a beacon of success, demonstrating how a company that was established in Nigeria, in a little over two decades (2001), has grown to become a reckonable multinational telecom infrastructure powerhouse, with footprints in 11 countries across three continents and impacting the lives of over 800 million people.

The team asserted that the company, despite having an expansive global footprint, including a remarkable global tower count of over 40,000 towers across Nigeria, Brazil, Cameroon, Colombia, Côte d’Ivoire, Egypt, Kuwait, Peru, Rwanda, South Africa and Zambia, proudly maintains its Nigerian identity.

In May 2024, IHS Nigeria again proudly carried the Nigerian green-white-green flag to the 2024 Corporate Council on Africa’s 16th U.S.-Africa Business Summit, held at the prestigious Kay Bailey Hutchison Convention, Dallas, Texas, USA. The telecoms infrastructure company, both as co-sponsor and participant at the strategic international summit leveraged the platform to market Nigeria’s limitless opportunities.

The summit – a pivotal moment in the convergence of global leaders, industry titans, and visionary entrepreneurs seeking to unlock Africa’s digital potential and foster sustainable economic growth, was attended by prominent leaders from the Corporate Council on Africa (CCA), including Florie Liser, President, and John Olajide, Chairman, representing CCA, as well as members of a strong leadership team from IHS Nigeria including IHS Nigeria’s Chief Operating Officer, Kazeem Oladepo, Dapo Otunla, Chief Corporate Services Officer, and Seye Dosunmu, Chief Financial Officer, respectively.  Mohamad Darwish, Co-Founder & Executive Vice President of IHS Towers and CEO IHS Nigeria, serves as a notable Board member on the Planning and Programs Committee in CCA.

With the increasing influence and power of technology, a high-level dialogue titled, “Unlocking Africa’s Digital Potential – Addressing Challenges and Expanding Opportunities,” opened the discourse where IHS Nigeria showcased its pivotal role in charting a course for Africa’s digital transformation.

In highlighting the company’s commitment to bridging the digital divide and empowering communities across Africa, IHS Nigeria’s COO, Kazeem Oladepo, reeled out the company’s numerous interventions, including investments in school connectivity. He said IHS has unveiled ICT and digital infrastructures aimed at promoting Nigeria’s digital economy, which include the innovation hub at Ladoke Akintola University of Technology (LAUTECH), Ogbomoso, in collaboration with the Oyo state government. It also implemented a three-year partnership with the Federal Ministry of Communications, Innovation, and Digital Economy in support of the government’s Three Million Technical Talent (3MTT) Initiative.

Through its partnership with the Limitless Space Institute, a non-profit education and research organisation based in Houston, Texas, IHS Nigeria is broadening access to space education for science, technology, engineering, and mathematics (STEM) educators in Nigeria. It also supports UNICEF Nigeria’s School-to-School Connectivity Project and has established notable partnerships with the END Fund, Save the Children, and USAID.

Through its subsidiary company, Global Independent Connect Limited (GICL), IHS has deployed over 13,000km of fiber optics across Nigeria’s 36 states and the Federal Capital Territory to deepen nationwide digital connectivity and broadband penetration. Today, over 3,000 towers have been connected on metro fiberacross Nigeria to further increase connectivity and support Nigeria’s growing digital ecosystem. In its resolute commitment to increasing connectivity, especially across rural communities, the company launched a rural telephony solution in 2020. The exclusively solar-powered solution connects the most remote communities in Nigeria to essential 2G and 3G services. To date, 586 rural telephony sites have been established across 25 states, serving over two million Nigerians living in rural and underserved areas.

The session was moderated by Michelle Chivunga, Founder & CEO of Global Policy House, the dialogue brought together luminaries such as H.E. Mogweetsi E.K. Masisi, President of Botswana, and Hon. Nthomeng Majara, Deputy Prime Minister of Lesotho, alongside Hon. Enoh T. Ebong, Director of the U.S. Trade and Development Agency (USTDA), and Dr. Thierry Wandji, President & CEO of Cybastion.

During the session on “Invest in Nigeria: Showcasing Investment Opportunities,’’ co-sponsored by IHS Nigeria and moderated by Ekenem Isichei, Program Director at the Corporate Council on Africa (CCA), the Ekiti State Governor, Biodun Oyebanji led the voices that showcased Nigeria’s burgeoning investment opportunities. He was supported by Aisha Rimi, Executive Secretary, Nigerian Investment Promotion Commission (NIPC), and industry stalwarts including John Olajide, Chairman of CCA and Founder/CEO, Axxess and Cavista Holdings. The Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, who led the Federal Government delegation, affirmed Nigeria’s commitment to strengthening bilateral relations and strategic partnerships aimed at stimulating foreign direct investments inflow to Nigeria.

Oladepo, who represented IHS Nigeria at the session, underscored the company’s pivotal role in lowering barriers to entry for mobile network and internet service providers, catalysing infrastructure development, and fostering innovation hubs across Nigeria. He further shared IHS Towers’ illustrious journey from its inception in Lagos, in 2001, to its becoming a global powerhouse with footprints in 11 markets across three continents. He also stated that the IHS was the first Nigerian-rooted company to be publicly traded on the New York Stock Exchange (NYSE), in 2021, showcasing the company’s role as a beacon of Nigerian achievement and a magnet for international investment.

At the closing plenary titled, “Partnering to Accelerate Africa’s Industrialisation,’’ IHS Nigeria reaffirmed its unwavering commitment to propelling sustainable industrial growth across the continent. Represented by Dapo Otunla, Chief Corporate Services Officer, IHS Nigeria, the company reiterated that it was dedicated to infrastructure investment, technology adoption, and collaborative partnerships as key drivers of Africa’s industrial revolution.

The plenary, moderated by Andrew Herscowitz, Executive Director of the Overseas Development Institute North America, convened a diverse array of leaders from government, finance, and industry to explore viable pathways for Africa’s green industrialisation. Also present in this discussion was Prof. Yemi Osinbajo, former Vice President of Nigeria and Guardian of Timbuktoo African Innovation Foundation, who highlighted the importance of innovation and technology in driving industrial growth.

Overall, IHS Nigeria’s good ambassadorial role at the summit underscored its belief in Nigeria, affirming its proactive role in shaping the future of African industrialisation, and aligning with its vision of fostering inclusive, sustainable development through technological innovation and strategic partnerships.

Blessed Omonose, a Developmental Journalist writes from Lagos.

 


Kindly share this post
Continue Reading

Telecom

ICANN80: Nigerians Using .NG Domain Name Surpass 225,000

Published

on

Kindly share this post

The total domain names of the .ng registry have increased to 225,533, according to data made available by the Nigeria Internet Registration Association (NiRA).

Mrs. Busayo Balogun, Head of Technical Services at NiRA, during her presentation at ICANN80

NiRA the registry for .ng Internet Domain Names and maintains the database of names registered in the .ng country code Top Level Domain (ccTLD).

A team led by Mr. Adesola Akinsanya, the President of NiRA is currently attending Internet Corporation for Assigned Names and Numbers (ICANN) Policy Forum, ICANN80, in Kigali, Rwanda.

In her presentation at the Country Code Names Supporting Organization (ccNSO) session, Mrs. Busayo Balogun, the Head of Corporate Services at NiRA said the Association had launched a dashboard for real time updates on .ng domain name registrations.

She said that the .ng domain name has continued to garner popularity in usage for websites and email addresses.

According to her, the dashboard shows the .ng domains have increased to 225,533 from 222,820 reported earlier in the year.

She told the audience that through its 3R – Registry, Registrar, Registrant – model of operation, NiRA contracts more than 100 registrars to provide registration services to the public.

“An end user selects a registrar to provide the registration service, and that registrar registers the domain chosen by the user. NiRA does not register user, directly. This model has really helped us to maintain decorum.

Earlier, Mr. Akinsanya reiterated NiRA’s commitment to driving .ng domain adoption and advancing Nigeria’s digital landscape.

“This growing trend underscores the domain’s significance and its role in establishing a strong digital identity for businesses and individuals alike.

“Additionally, we are currently conducting the .ng brand survey [https://form.jotform.com/niraworks/ng-brand-survey-2024] to gauge the awareness and adoption levels of the .ng domain among internet users in Nigeria.

“I encourage everyone to participate in this survey and share their valuable insights”, he said.

NiRA also received a rousing applause from participants at the ICANN80 as the ccNSO session lead, Joel Karubiu, former chief executive officer, Kenya Network Information Centre (KeNIC), said, “I see a lot of passion from the Nigerian team here”.


Kindly share this post
Continue Reading

Trending