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Sekunjalo Investment, China’s Ultrain Partner to Build New African Payment Infrastructure

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Sekunjalo Investment Holdings (Sekunjalo) a diversified investment group has announced it has partnered with Chinese public Blockchain leader, Ultrain Technology Limited (Ultrain), to develop a pan-African open Blockchain business ecosystem – The African Chain 3.0.

Sekunjalo Investment, China's Ultrain Partner to Build New African Payment Infrastructure

Sekunjalo and Ultrain will develop a robust new generation of financial infrastructure in Africa that is commercially sustainable, and responsible.

The African Chain will be run in unification with Sekunjalo’s pan-African eCommerce platform. The foundation will be built on the public access for commercial use Blockchain model developed by Ultrain, to handle payments, clearing and potentially, lending, among other key financial services, all of which is aimed at providing African people and businesses with convenience and accountability.

Emma Liao, co-founder at Ultrain remarked: “It’s crucial to build a convenient, secure and reliable financial infrastructure for African people.

“We are honoured to work with Sekunjalo and to build such a tool together, and to promote it with the help of Sekunjalo’s matrix of businesses.

“We will also provide training and solutions to other African enterprises or ventures who wish to use blockchain features to get on board.

“We believe this has huge potential to benefit the end users and businesses, with a better purchasing experience and more efficient transactions.”

Typical businesses that will benefit from The African Chain include the likes of the travel, luxury goods, supply chain, sharing economy, health care, retail, media entertainment, new energy sectors and many other industries, trading in the 4th Industrial Revolution (4IR) and beyond.

Dr Iqbal Survé, chairman of Sekunjalo said: “I am excited about this partnership and investment with Ultrain, as the potential to radically change and enhance how the continent does business, is unlimited.

“Sekunjalo is delighted that the advances China has made in technology, are now going to be made available for an African payment infrastructure.

“The opportunities for collaboration with Ultrain are immense and we are therefore looking forward to growing our joint footprint on the African continent, and positively contributing to Africa’s digital evolution.”

Dr Survé also commented on how Ultrain and Sekujanlo through various networks, including the Belt and Road Networks and the Belt and Road African Fund, were looking forward to expanding the vision of President Xi Jinping for the Belt and Road to have a positive impact for all of the people living and working on the African continent.

Ultrain and Sekunjalo have also jointly committed to directing a substantial part of the profitability of their partnership, to philanthropic initiatives on the African continent that will include the training of young Africans – with an emphasis on women-  in block chain technologies and payment systems.  Through the offices of Survé Philanthropies, an additional foundation will now be established for block chain technology training in Africa to be co-chaired by Dr Surve and Emma Liao.

A further announcement regarding the partnership’s investment, will be made at the African Union meeting in Addis Ababa in 2020, with the Belt and Road Africa Council and Belt and Road Africa Fund.

 

 


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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.

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FG to Boost Artificial Intelligence

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Federal government on Tuesday announced that it has developed initiatives for the adoption of Artificial Intelligence technology in Nigeria.

FG to Boost Artificial Intelligence

 

The establishment of a Centre for Artificial Intelligence and Robotics in Nigeria (CFAIR) is also expected soon.

The National Information Technology Development Agency (NITDA) said that AI applications enable innovative solutions, improve risk assessment, better planning, and faster knowledge-sharing.

Abdullahi Usman Gambo, director of IT Infrastructure Solution, NITDA, spoke at a workshop in commemoration of International Day for Universal Access to Information (IDUAI) organised by the United Nations Educational, Scientific, and Cultural Organisation (UNESCO).

He noted that AI would open up opportunities for access to information and also help to achieve the Sustainable Development Goals (SDGs) set by the United Nations (UN) in the 2030 Agenda.

Gambo said: “Artificial Intelligence is poised to revolutionize the way we go about our daily lives – from governance to business, legislation to medicine to defence, etc. We can all agree that AI is humanity’s new frontier.

“We have developed initiatives for adoption of emerging technologies such as AI, strengthen cybersecurity, digital skills for digitally excluded citizens while enhancing the regulatory and market environment to increase access to ICTs, and promote seamless access to information.

“We believe AI and associated emerging technologies will completely enhance the speed, efficiency and effectiveness of information gathering during the exchange of data or the ways of communication,” he said.

Delivering his paper, Yushau Shuaib, publisher of PRNigeria, described access to information as the right of the citizens to accurate, transparent, and timely facts and figures.

The former National Emergency Management Agency (NEMA) spokesman stated that governments at all levels have obligations to communicate with people, while the public has the right to know and criticize authorities through constructive engagement.

The media executive, however, appealed to Nigerians not to use social media platforms for fake news dissemination.

“The merits of new media on affordability, accessibility and instant delivery are occasionally marred by the fact that social media is sometimes used to spread fake news”, he said.

Shuaib called for collaboration of stakeholders in ensuring appropriate legislation through public awareness campaigns in order to improve access to universal information.


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Samsung Unveils Technologically Advanced 2020 Consumer Products

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Samsung Electronics Nigeria has unveiled its 2020 consumer products range. The launch which held in Victoria Island, Lagos showcased the latest in its revolutionary and innovative QLED and Crystal UHD Television Series  along with Wind Free Air Conditioners, Side by Side Refrigerators and Drum Washing Machines.

Keeping with its resolve to utilize its transformative ideas and technologies to shape the future and inspire the whole world, Samsung has once again demonstrated its determination to continuously redefine the living space and entertainment of its customers.

According to Mr. Caden Chiyeon Yu, Managing Director, Samsung Electronics Nigeria, “QLED uses exceptional and revolutionary technology which offers an unparalleled visual and auditory adventure from the comfort of your living room. QLED series is available in 4K or 8K and from 58″ to 98”, and was designed with options to fit any space and budget”. For Crystal UHD Television, Mr. Yu said, with cutting-edge Crystal Display, the new Crystal UHD TV will bring high-resolution content to life in a whole new way, delivering a viewing experience like never before in a mainstream UHD TV.

Also showcased at the launch were the new Windfree Air Conditioner, Drum Washing Machines and Side by Side refrigerators. The Windfree Air Conditioner is designed specially with the latest technology to provide coolness in quick time while ensuring that users don’t experience any chills through out its use. It also has an in-built digital inverter which reduces energy consumption by 73 percent. .

The newly introduced drum washing machine of 2020 from Samsung is very efficient and is built with eco bubble technolgy which allows it to provide cleaning of very dirty garments or clothes without the use of water.  Futhermore, the new Side by Side Refrigetor was built with Spacemax technology which has enabled  Samsung to offer more spacious interior without increasing the external dimentions or compromising energy efficiency.

Also speaking at the event, Mrs. Oluwaremilekun Adesola-Ogunsan, Head, Consumer Electronics, Samsung Nigeria stated that “Samsung understands the economic diffulties currently being experienced in the country and has consistently produced pocket friendly premium consumer products. We are very consistent in our approach as we understand that our customers like the good things of life and we have provided that without compromising our standards”. “So I can say boldy that there is a Samsung for everybody regardless of your income stream” She added.

In 2019, the Samsung consumer range of products received universal praise for its innovative quality and design and numerous pioneering features. This year Samsung has added even more beneficial features which its customers will appreciate in great deal.

 


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CWG Plc Empowers Small Businesses in Nigeria with SME Solution

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Pan-African Information and Communications Technology Company, CWG Plc has said the essence of its Enterprise Resource Planning Solution (SMERP) that runs on the cloud is to empower small and medium enterprises in Nigeria and offer them the required tools to manage their entire business.

Mr. Dolapo Orogbemi, Product Manager for SMERP, who disclosed this recently to the media, noted that with SMEs contributing massively to Nigeria’s economy and creating both direct and indirect jobs, SMERP was designed intentionally to help SMEs thrive.

“Since inception, it has been the number one goal for us here at CWG because we have always identified the potential for SMEs once they are provided with the right support.

Thus, SMERP was designed to make available enabling tools for all SMEs across Africa at a relatively affordable price and to also make their business operations lean where they can save more resources to increase profitability,” he said.

Dolapo explained that in support of SMEs, SMERP has provided an effective ERP tailored to the SME market, providing services such as Inventory Management, E-commerce platform, Accounting, Point of Sale and Customer Relationship Management tool.

He argued that one of the major reasons SMEs don’t survive beyond the early stage of their business is due to inadequate funding to scale the business and this has become a default gap in the SME sector.

But with the CWG’s SMERP solution, SMEs can take proper records of their day-to-day business transactions to present to financial institutions as proof of profitability and project business growth for them.

According to him, SMERP’s competitive edge is based on value to the SMEs where they can have access to a complete ERP solution at an affordable price, stressing that the solution enables each SME with special requirements to execute their business needs.

For more information on SMERP kindly visit www.smerp.ng to start a 14-days free trial.


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