News
QNET’s FinGreen Empowers Women & Youth in Emerging Economies With Financial Literacy

QNET, the international lifestyle and wellness direct-selling company, On the occasion of the 2023 International Literacy Day, reaffirmed its unwavering commitment to advancing financial literacy as a cornerstone for building sustainable and peaceful societies in emerging economies.

Mr. Biram Fall, QNET’s Regional General Manager (RGM)
As the world undergoes profound transitions, the importance of financial literacy cannot be overstated. In a world in transition, understanding and managing finances are essential for individuals and communities to thrive. Financial literacy forms the bedrock for creating stable and peaceful societies, aligning perfectly with the 2023 International Literacy Day’s theme: ‘Promoting literacy for a world in transition: Building the foundation for sustainable and peaceful societies.’
Speaking on this year’s International Literacy Day celebration, Regional Manager QNET Sub-Saharan African, Biram Fall, said, “In a constantly changing world, QNET’s FinGreen initiative remains steadfast in its mission to promote financial literacy. As we celebrate the 2023 International Literacy Day, we emphasize the crucial role financial literacy plays in constructing secure and peaceful societies. Through our flagship financial literacy program, FinGreen, we are dedicated to providing people with the knowledge and skills they need to make informed choices about their financial futures, ultimately contributing to a brighter, more stable world.”
The celebration of International Literacy Day offers the opportunity to accelerate progress towards the achievement of Sustainable Development Goal 4, “Quality Education”. One of the targets of this goal is to substantially increase the number of youth and adults with relevant skills, including technical and vocational skills, for employment, decent jobs, and entrepreneurship. A 2015 Nigerian Financial Survey states that Financial illiteracy is prevalent in urban and rural areas, with rates at 31.1% and 68.5%, respectively. Additionally, the study reveals that levels of education are generally low nationwide, as 50.7% of the adult population either lacks formal education qualifications or has only completed sub-primary education.
Biram Fall further said, “The ability to unlock possibilities and construct secure and peaceful societies depends on one’s level of financial literacy in a world that is constantly changing. Through our flagship financial literacy programme, FinGreen, we are dedicated to providing people with the information and skills they need to make educated choices about their financial futures and ensure a better future for themselves.”
The 2023 International Literacy Day theme embraces the reciprocal relations between literacy and other areas of development: Literacy is central to creating such societies, while progress in other areas of development contributes to generating interest and motivation in people. A Corporate Ownership & Control report clarifies that communities with higher levels of financial literacy experience lower crime rates and greater economic stability, as financial literacy is a determinant of individual wealth accumulation and social well-being.
Mr Abiodun Ajisafe, Managing Director, Transblue and QNET’s legal partner in Nigeria, also shared his insights on the importance of financial literacy in a world in transition: “Financial literacy is not just about managing money; it’s about empowering people to take control of their lives and make meaningful contributions to their communities. We are proud to partner with QNET’s FinGreen initiative in this noble endeavour. The programme’s second phase, launched in August, has received encouraging and wonderful responses and engagement from the participants as they reaffirm the value of our efforts in empowering participants with financial knowledge.”
The impact of QNET’s FinGreen program on emerging economies is tangible. Testimonials from beneficiaries of the Financial Literacy Programme, FinGreen phase 2, highlight the transformational power of financial literacy. A beneficiary of the programme’s second phase, Richard Adedayo, said, “I am thankful to have this chance, and I look forward to improving my financial situation as well as fostering empowerment in as many people as I can, particularly young people like myself. I want to make it a point to ensure that I educate other individuals about their financial situations.”
As the world embraces change and transitions into an uncertain future, QNET’s FinGreen remains committed to promoting financial literacy as a cornerstone for building sustainable and peaceful societies. Through partnerships, programs, and testimonials like these, FinGreen empowers women and youth in emerging economies to take control of their financial destinies and contribute to a brighter, more stable world.”
News
ALX Broadens AI Training in Africa

Pan-African talent accelerator ALX is expanding its footprint and shifting to a fully self-paced learning model to train and integrate young Africans into the workforce, as the global economy reorganises around artificial intelligence (AI).

Partnering with the MasterCard Foundation, the technology training provider and career accelerator designed to equip African talent, says it enables learners to access tech training for $5 a month.
It emphasises a shift in demographics saying that by 2035, more young Africans will enter the workforce annually.
ALX notes that its model has graduated 347,100 learners, with 63% finding employment within six months. Women represent over half of all graduates. To increase flexibility, the organisation emphasises that learning is now entirely self-paced.
“Learners progress through modular blocks, earning credentials as they go, ensuring that the training fits around their existing responsibilities,” says Shana-Michelle Rabonda, Chief Operating Officer of ALX.
Rabonda adds that global employers are taking notice: “We are building a direct pipeline to the global digital economy. When companies look for elite tech talent, they are looking at Africa.”
Due to this demand, firms such as Absa, Stanbic Bank, MTN, and KPMG now employ between 50 and 180 ALX graduates each. Meanwhile, community entrepreneurs have created over 60,100 jobs through AI startups like Signvrse and Edulga.
With Africa’s AI market projected to grow to $16.5 billion by 2030, ALX operates alongside competitors like Moringa School and GoMyCode to secure mindshare.
“With the right skills and networks, young Africans can seize these opportunities,” Rabonda emphasises. “Africa’s youth should not just be consumers of AI; they should be creators shaping innovations that will define the global economy.”
News
Swift Network Faces Winding-up Battle over Alleged N115m Debt

A Federal High Court sitting in Lagos has ordered the advertisement of a winding-up petition filed against telecommunications service provider, Swift Network Plc, over its alleged inability to settle a debt exceeding N115 million.

The order followed an application filed by Optics and Wireless Limited through its counsel, Bimbo Adebayo-Ogunlaja, urging the court to permit the publication of the winding-up petition instituted against the company.
In the petition, Optics and Wireless Limited alleged that Swift Network Plc is indebted to it in the sum of N115,482,302.88, being the outstanding payment for network devices supplied to the telecommunications firm since April 2024.
The petitioner is also seeking the payment of N70,530,062 as accrued interest arising from a loan facility allegedly obtained to finance the transaction between both parties, as well as general damages for breach of contract.
According to court documents, the dispute arose from a series of transactions carried out between April 2024 and February 2025, during which Swift Network Plc, through its procurement officer, allegedly requested the petitioner to manufacture and supply various network devices based on purchase orders issued by the company.
The petitioner stated that payment for the supplied items was expected either immediately after delivery or within 30 days of supply, but alleged that Swift Network repeatedly failed to honour the agreement despite receiving the products.
Optics and Wireless Limited further claimed that it became apparent after the final order for servers in April 2025 that the respondent was either unwilling or unable to settle the accumulated debt.
The petitioner also informed the court that its solicitors, Messrs Zionla Legal Practitioners & Solicitors, subsequently issued a statutory notice of demand dated December 11, 2025, demanding payment of the outstanding sum and accrued interest.
According to the petitioner, all efforts to recover the debt proved unsuccessful, adding that the situation has exposed the company to serious financial challenges and possible legal action from the bank that allegedly granted it the loan facility used to execute the supply contracts.
Optics and Wireless Limited argued that Swift Network Plc is insolvent and unable to meet its financial obligations, urging the court to wind up the company in line with the provisions of the Companies and Allied Matters Act and the Winding-Up Rules.
Among the reliefs sought, the petitioner asked the court to order that Swift Network Plc be wound up by the court and that any voluntary winding-up process involving the company should continue under the supervision of the court.
Justice Lewis Allagoa subsequently adjourned the matter till July 10 for further hearing.
News
Simba Infrastructure, Galaxy Backbone Partner to Deliver Hosted Unified Communications and Call Centre Solutions Across Nigeria

Simba Infrastructure Limited, a leading provider of customer experience and communications technology, has entered into a strategic partnership with Galaxy Backbone Limited (GBB), the Federal Government of Nigeria’s ICT infrastructure and shared services provider, to deliver Hosted Unified Communications (UC) and Hosted Call Centre Solutions to organisations across both the public and private sectors.

This collaboration brings together Simba Infrastructure’s deep expertise in converged communication technologies, systems integration, and private-sector engagement with Galaxy Backbone’s trusted government relationships, world-class Tier III and Tier IV data centre infrastructure, and an extensive fibre-optic network spanning 30 states and the Federal Capital Territory.
Together, both organisations will deliver secure, scalable, and cost-effective communication solutions designed to transform how businesses and government institutions engage with customers and citizens.
Under this this partnership, Simba Infrastructure will lead business development efforts within the private sector, delivering tailored Unified Communications and Call Centre solutions aligned with the unique needs of enterprises. Galaxy Backbone, on the other hand, will drive adoption within the public sector, providing secure, locally hosted data centre services that ensure compliance, reliability, and operational efficiency.
Commenting on the partnership, Sanjay Vaswani, Director at Simba Infrastructure said: ”Simba is pleased to mark this first phase of collaboration, with a long-term vision of deploying fully localized, AI-driven technologies that enable developers to build and scale using Naira-based solutions.
“While Aminu Usman, Profit Centre Head at Simba Infrastructure tressed on the fact that partnering with Galaxy Backbone will marks a significant milestone in our mission to deliver innovative, cloud-based communication solutions to Nigerian organizations.
“By combining Galaxy Backbone’s robust infrastructure and strong public sector presence with Simba’s customer-centric approach and technological expertise, we are creating a powerful platform to drive digital transformation and business growth.”
Also speaking, the GM Strategic Partnerships & Regional Business, Galaxy Backbone Limited, Abdul-Malik Suleiman noted; “Galaxy Backbone remains committed to advancing digital inclusion, secure communication, and reliable ICT services across Nigeria. Our partnership with Simba Infrastructure strengthens our ability to deliver innovative, locally hosted Unified Communications and Call Centre solutions that will benefit both public and private sector organisations.”
This partnership underscores a shared commitment to advancing Nigeria’s digital transformation agenda by equipping organisations with the tools to enhance collaboration, streamline communication, and improve customer experience—while ensuring that critical data remains securely hosted within Nigeria.
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