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Stanbic IBTC Launches Accelerator programme

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(L-r): Titi Odunfa Adeoye, founder/MD, Sankore (2nd l) in handshake with the Chief Executive, Dr. Demole Sogunle (m), supported by Tunji Eleso, Director at CC-HUB, while other staff of Stanbic IBTC watch on during the launch of Blue Hub in Lagos.
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Stanbic IBTC Bank (Nigeria) Plc, Thursday, launched own innovation hub dubbed the Blue Hub in Yaba.

 

Speaking at the unveiling, Dr. Demole Sogunle, Chief Executive, Stanbic IBTC, disclosed that the bank’s moves were motivated by the fact there has been more changes in the industry in the last 10 years than there was in the last 100 years.

 

“The rate of change is so fast, that the term globalization is now almost dated,” he said.

 

“If you recall, 15 to 20 years ago, the trendy thing for businesses was to incorporate InfoTech in their operations.

 

“In Nigeria, the internet was fairly new at the time and therefore adding technology to your business meant that you were keeping with the trend.

 

“Today, the story is different adopting new technologies alone will not secure the future of your business, to secure your future as a business today, to remain relevant in today’s competitive village, you need to Innovate; to continuously innovate to meet the ever changing demands of today’s highly informed consumers.

 

“As a member of the Standard Bank group with over 154 years of existence, it is clear that we are here for the long term.

 

“We are on a marathon, not a sprint. And we understand the importance of Innovation in sustaining the tempo that is required to remain in business.

 

“This is why we have invested in the Stanbic IBTC Blue Lab – An innovation hub that will serve as an incubator your young thinkers with great ideas.

 

“A hub that will nurture the ideas that will re-write our future”.

 

He further pledged that through the innovations to be harnessed from the hub, the Bank will soon launch the next big thing to happen in tech.

 

Also speaking at the unveiling, Mr. Ehia Erhaboh, Head of Innovation, Digital Enablement & Analytics, described Blue Hub as the part of the Bank’s strategy to lead with innovation.

 

Erhaboh reiterated that to be that agile financial services institution that is quick to respond to the ever changing demands of the next generation of consumers, Stanbic IBTC Plc has seen need to ‘disrupt’ itself and take the industry to a new height.

 

“We want to see the Facebook, Twitter, Googles of this world come out of Blue Hub.

 

“Startups working from here will have every support they need to succeed,” Erhaboh said.

 

He stated Specifically that, the Bank will harness the potentials provided by tertiary institutions around Yaba, adding that they are optimistic that the hub will deliver on its set objectives.

 

According to Ibifuro Apiafi, Analyst, IDEAs of the Innovation, Digital Enablement and Analytics Unit, Stanbic IBTC Bank Plc, the hub has general working space, multi functional arena, meeting rooms, customer experience space, ideas arena, kitchen, and other facilities, particularly free wi-fi.


 

 


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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. 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

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Google Rolls Out Search Live AI to 200+ Countries, Including Nigeria

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Google has launched its Search Live feature globally to over 200 countries, including Nigeria, where AI Mode is available, enabling voice-and-camera conversations in users’ preferred languages.

Google Rolls Out Search Live AI to 200+ Countries, Including Nigeria

Google

Powered by the new multilingual Gemini 3.1 Flash Live model, it delivers natural, real-time interactions via the Google app on Android or iOS—tap the Live icon under the Search bar.

Ideal for hands-free help, users can speak queries for audio replies, follow-ups, or web links. Camera integration adds visual context, like troubleshooting a shelving unit, or pairs with Google Lens for real-world chats.

From the app or Lens, Nigerians can now explore, learn, or solve tasks instantly, boosting everyday productivity worldwide.


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IFC Invests $45m to Green African Telecom Sites

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Clean and reliable power for telecom networks in Ethiopia, Liberia, and Sierra Leone will be expanded following a $45 million investment by the International Finance Corporation (IFC) in IPT PowerTech.

The investment targets countries where limited power supply continues to slow digital connectivity and broader economic participation, the institution stated earlier this week.

To enable this expansion, the IFC is providing a $45 million corporate financing package consisting of an A-loan of $27 million and $18 million in blended finance.

The blended portion is sourced from the Canada-IFC Blended Climate Finance Programme and the IDA20 Private Sector Window Blended Finance Facility.

The initiative marks the IFC’s first direct infrastructure engagement in Liberia in a decade and in Sierra Leone in six years.

It will help scale solar- and battery-based power systems that reduce reliance on diesel and support greener, more resilient telecom networks.

By improving the quality and stability of power to telecom towers, the initiative will strengthen mobile coverage and ensure that households, schools, health centres, and small businesses can depend on consistent digital services, said the IFC.

The funding supports the modernisation, operation, and maintenance of 2 235 telecom sites across the three nations. More than 90% of these are located in off-grid or weak-grid locations.

With new solar and battery systems powering these sites, mobile networks will experience fewer outages and improved service quality.

Optimising the energy mix is estimated to reduce power costs for operators by up to 30% in Liberia, 26% in Sierra Leone, and 52% in Ethiopia.

This transition is also expected to cut emissions by more than 10 624 tonnes of carbon dioxide annually. Furthermore, the partnership will promote gender inclusion by expanding opportunities for women in technical, operational, and leadership roles within the sector, says the IFC.

This agreement reflects a shared vision for a greener telecom industry and empowers the company to scale its innovative energy platforms, according to Nabil Haddad, CEO of IPT PowerTech Group.

Reliable and affordable power for telecom networks is a cornerstone of Africa’s digital transformation, said Nathalie Kouassi-Akon, IFC regional director for West Africa and the Gulf of Guinea.

Through this partnership, the institution is supporting a scalable, private sector-led solution that enables mobile operators to reach underserved and fragile communities more sustainably, added Kouassi-Akon.

The project advances the World Bank Group and African Development Bank’s Mission 300 initiative, which aims to provide electricity to 300 million Africans by 2030.


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Expedier Launches Platform to Ease Cross-Border Payments for African Firms

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Expedier has unveiled “Expedier for Business,” an online pro-banking platform to simplify global payments, multi-currency transactions, and financial operations for expanding companies.

Expedier Launches Platform to Ease Cross-Border Payments for African Firms

Kingsley Madu

The tool centralizes payments, invoicing, payroll, and treasury into one secure dashboard, tackling challenges like fragmented systems and poor visibility that hinder international scaling.

Kingsley Madu, Co-Founder and CEO of Expedier, said: “African businesses are increasingly global… Expedier for Business was built to simplify how companies manage money across borders while maintaining visibility, control, and compliance.”

Key features include customizable dashboards for payments, invoices, and workflows; support for USD, CAD, GBP, EUR, and more; virtual cards; automated payroll/invoicing; currency swaps; and real-time tracking.

Security measures cover two-factor authentication, KYC/KYB verification, and team access controls.

As cross-border trade and remote work boom in Africa, the platform aids firms dealing with international suppliers, teams, and customers. It is now available for organizations scaling globally.


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