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Tez Financial Services, Green Girls Organization Selected in Visa Everywhere Initiative

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Earlier this month, Visa hosted the Visa Everywhere Initiative (VEI): Women’s Global Edition, marking the first time the program has focused on organizations with at least one woman founder or co-founder from around the world who are changing the world by solving business and social challenges.

The new global competition spotlighted the underrepresented millions of women business and social impact leaders, tasking them to solve a FinTech and – for the first time – a Social Impact challenge for a chance to win $100,000 per challenge along with mentorship, access to Visa products and programs, and exposure to key participants in the commerce ecosystem. Nearly 1,300 applicants applied to participate in the program.

Just before the FIFA Women’s World Cup France 2019™ kick-off, 12 finalists from six regions pitched their innovative solutions to a panel of judges.

Two finalists, Tez Financial Services from Pakistan, represented by its co-founder and business head, Naureen Hyat, and Green Girls Organization from Cameroon, represented by its founder, Monique Ntumngia, were selected as the winners of the FinTech and Social Impact challenges, respectively.

“As the worldwide rate of female entrepreneurship continues to rise, Visa is giving a voice to the collective strength of women who are creating impact in the global economy, spinning the fly wheel of innovation from the bottom up – and we will continue to do so through investments and partnerships that enable women-founded businesses to thrive,” said Marianne Mwaniki, Senior Vice President of Social Impact at Visa.

“All of the finalists in this global Visa Everywhere Initiative are testaments to how diverse, women-owned businesses can grow, uplifting economies in communities across the globe, and we intend to provide them a platform to create connections and opportunities to succeed.”

The Women’s Global Edition is an extension of the established VEI program, and reflects Visa’s commitment to investment in women entrepreneurs.

Since the inception of the VEI in 2015, more than 6,000 startups have participated in 24 innovation programs and have collectively raised more than $2.5 billion in funding.

This year, Visa expanded the competition to include a global challenge for organizations with at least one woman founder to submit solutions that tackle the vast societal and business challenges facing social impact landscapes.

The FinTech competition measured how applicants leveraged their companies’ unique ability to solve or transform consumer and/or commercial payment experiences locally, regionally or globally.

The FinTech winner Tez Financial Services from Pakistan, represented by Naureen Hyat, is the first fully digital financial institution in Pakistan providing frictionless financial services to the unbanked and under-banked via a smartphone application.

“The Visa Everywhere Initiative has been a remarkable opportunity for Tez, Pakistan and our cause to enhance financial inclusion,” said Naureen Hyat, Co-founder and Business Head of Tez Financial Services.

“It has not only served as a driver for growth but has also allowed us to tap into the connectivity and numerous partners at Visa. I’m honored to be a part of such a thriving group of women entrepreneurs. All of these finalists have already achieved so much – I’m excited to continue to be a witness to our growth collectively beyond this competition.”

The Social Impact Challenge sought women-led businesses around the world who are supporting sustainable and inclusive livelihoods and strengthening their local or regional economies.

The Social Impact winner Green Girls Organization from Cameroon, represented by Monique Ntumngia, is a non-governmental organization that trains women and girls to harvest and create renewable energy from the sun and bio-waste.

“This opportunity will allow Green Girls to reach more women and girls and expand our footprint to provide renewable energy,” said Monique Ntumngia, Founder of Green Girls Organization. “Visa’s network and support will not only help my organization scale but will provide a number of rural African communities sustainable energy sources from the sun and bio-waste – creating a ripple effect of impact.”


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Makinde Rolls out First Set of Digitized C of Os to Mark One Year in Office

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Governor Seyi Makinde of Oyo State will today distribute the first set of digitized Certificate of Occupancy to successful applicants under the Oyo State Home Owners Charter (OYHOC) scheme.

Makinde Rolls out First Set of Digitized C of Os to Mark One Year in Office

Governor Seyi Makinde of Oyo State

This is in continuation of activities commemorating his one year in office

The land title document, “Made Easy Initiative,” is what the governor called his administration’s promise to speed up the process of getting land title documents at an affordable cost and also within 60 days.

These title documents include Certificate of Occupancy, Deed of Assignment, Deed of Sublease, and Deed of Mortgage Consents.

A release issued on Sunday by Barrister Abiodun Abdu-Raheem, commissioner for Lands, Housing and Urban Development, and made available to Vanguard, said the event which would take place at the Government House, Agodi, Ibadan was part of activities commemorating the one year in office of the present administration.

He further explained that the programme which would hold at 12.00 noon would be done with strict adherence to COVID-19 safety measures which would, therefore, limit the number of applicants that would be invited for the symbolic presentation.

Barrister Abdu-Raheem also called on eligible property owners without title or approved documents to take advantage of the window of opportunity, while encouraging people with outstanding applications to visit Room 4 of the Ministry of Lands, Housing and Urban Development, State Secretariat, Agodi, Ibadan to find out the status of their applications with a view to ensuring they get their title document as this administration is determined to provide title documents within 60 days of application.

He, however, told applicants to also call 070069652637 (0700 OYO LANDS) or send an email to lands@oyostate.gov.ng to make any inquiries.


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Konga Holds Second Live Digital Auction Today

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All is set for the June edition of Konga Last Price, a live online auction pioneered by foremost composite e-commerce giant, Konga

The auction holds today, Monday June 1, 2020 from 12pm to 2pm.

Equally important, Konga Last Price is a monthly affair which holds every first Monday. For today’s session, excitement has built up around a number of star products from a variety of categories that have been lined up for the live online auction.

They include Home & Kitchen appliances such as air conditioners, gas cookers, washing machines, blenders and smoothie makers; consumer electronics including Home Theatre Systems, TV sets, microwave, sandwich makers and electric kettles, among others; quality FMCG products, mobile phones, computing devices, generators and other power solutions, all from the biggest brands.

Also on board with Konga as partners for this second edition of the live online auction are top brands such as Samsung, HP, Lenovo, Binatone, Haier Thermocool,LG, iTEC, Kenwood, Infinix, Tecno, among others.

Meanwhile, a number of potential bidders, shoppers and other interested participants have continued to express their anticipation for the second edition of the digital auction which is set to go live from 12pm and run till 2pm on Monday.

The event which will be hosted concurrently across Konga’s social media channels on Instagram, Twitter, Facebook and YouTube and the website – www.konga.com has been estimated to attract over 200,000 participants.

The second edition of the Konga Last Price live auction will feature three sessions – a live auction across its aforementioned social media channels; a timed auction on the Konga website and a flash sale on social media involving no bids which will run concurrently with the social media live auction.

For the latter two – the timed auction on the Konga website and flash sale on social media, price slashes will be announced at the commencement of the live auction. Bid winners will follow the regular check-out process and can use the Payment on Delivery option.

However, intending participants on the social media live auction are expected to submit their bids via comments with their name, phone number, product and bidding price, with each participant allowed to purchase a maximum of three products per category.

Subsequently, bid winners will be contacted for payment confirmations via bank transfers at the end of the social media live auction.

Recall Konga had made history on Friday, May 1, 2020 after the e-commerce giant successfully hosted the first ever live online auction in Africa.

 

 


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How Nigeria can Turn Almajiris to Digital Millionaires – Ekeh, Zinox Boss

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Leo Stan Ekeh, serial digital entrepreneur and chairman of Zinox Group said that Nigeria can turn the poor, nomadic children popularly called Almajiri into millionaires, employers of labour or even employable citizens if a digital solution is applied to address their peculiar plight.

How Nigeria can Turn Almajiris to Millionaires – Ekeh, Zinox Boss

Leo Stan Ekeh

Ekeh, who delivered an impassioned and workable solutions to the age-long Almajiri issue which government appears yet to find a fitting solution to, spoke as one of the panellists at the Africa Independent Television (AIT) Virtual Town Hall Forum with the theme: The Economic Implications of the New Normal Post-Covid-19 – Anticipated Revolution in Digital Economy, Business Re-Engineering, Government, Trade and Effects on Global Economic Recovery.

Speaking on the impact of COVID-19, Ekeh said one of the major classes of Nigerians negatively affected by the pandemic were the Almajiri who have been tossed from state to state like articles of trade nobody wanted to buy.

A 2014 UNICEF report estimated that there are 9.5 million Almajiri children in Nigeria, which accounted for 72 per cent of the nation’s out-of-school children.

Nigeria is estimated to currently harbour between 13.2 million and 15 million out-of-school children, most of them in the North.

However, Ekeh held that with a digital approach, the potential in these Almajiri that nobody wanted to have anything to do with, can be converted to treasures of gold in the vastly growing digital economy because they are young, brilliant with huge doses of energy.

‘‘I had the privilege of engaging with some of them in Lagos and Abuja. They sound like glorious messengers and have enhanced psychology of begging which, if retrained, could make them best sales persons of the second quarter of this century. We must not abandon them.

“Among these Almajiris, there are smart people whom we can turn to coders (software Application developers) if they are fast tracked under conducive environment with quality welfare program that influences them psychologically to anticipate a wealthy future.

‘‘They are Nigerians on the street and they feel the power of wealth around them but are handicapped because of their circumstances and place of birth. We cannot abandon them.

“The world needs about one million coders yearly and through coding, they can become millionaires and employers of labour. They don’t need to go to the university or secondary school.

‘‘All they need is a special finishing school for about six years where they would be turned to nerds and that will mark the end of poverty in their lives and in their families,” Ekeh said.

‘‘The nation and their states must provide for them, else they shall provide for themselves to survive like others, and it could negatively impact on the society from generation to generation.  If we can turn waste to productive use why not human beings created by God?’’

Ekeh, who likened the COVID-19 pandemic to a war, affirmed that the best way to win a war is to anticipate it, stressing that in life, “you must be prepared to win a war before the war begins.”

He emphasised that Nigeria was not prepared for the COVID-19 war, hence the seemingly difficult struggle to deal with it.

Further, he explained that the sudden rush for e-learning in the country was what he had anticipated 15 years ago but added that the Nigerian government did not buy the proposal to make e-learning a life style among the people, noting that COVID-19 has validated his assertion that without digital technology as a way of life and doing business, a nation cannot be truly independent or sovereign in the 21st century.

He warned that companies and organisations including those in the public sector that failed to take advantage of COVID-19 realities to scale up their technologies as necessary tools in the workplace will either suffer huge loss or go into extinction.

“Post COVID-19, a lot will change; a lot of companies will die. We are witnessing huge disruption with digital solutions which have taken the form of technologies worth millions of naira invested to provide teleconferencing as we used to know it. Today, it’s Zoom. That’s disruption and such incidents will continue to define mankind.”

The Zinox boss, who is credited with pioneering a series of innovative firsts in the Nigerian technology sector, insisted that Nigeria must see opportunities inherent in the post COVID-19 economy and take advantage of them.

“I see infinite possibilities and opportunities arising from the COVID-19 pandemic. One of such was that, instead of importing face masks from China or anywhere, the government ought to have deliberately engaged Nigerians tailors, put them in school halls, give them electricity.

“They already have their machines. By the time we create such clusters in different states, we would have locally produced face masks that would serve 200 million people and that would translate to millions of naira for the tailors and indirectly for the government.

“The same tailors can transit to making school uniforms, under wears, ties, bed sheets and pillow cases, designer dresses etc., after the pandemic rather than having some schools import their uniforms from Asia and Europe,” he said.

Ekeh,a global advisor to renowned technology giants, Microsoft and the first to pioneer e-commerce in Africa when he launched BuyRight Africa.com, regretted that the Federal Government lost an opportunity to help grow e-commerce when it failed to initially clearly delineate e-commerce workers as persons on essential duty and e-commerce as essential service during the lockdown.

He cited the example of Amazon which, through the support of the United States government went a long way in helping Americans observe social distancing and keeping many employed even during the lockdown.

The serial digital entrepreneur added that e-commerce is a very cost-intensive venture, noting that e-commerce companies in Nigeria such as Konga are bearing huge losses in view of the complicated and exorbitant applications which drive the business and their status as heavy employers of labour.

Nevertheless, Ekeh insists that despite the lost opportunity, e-commerce remains the future of Nigeria and Africa in terms of jobs and wealth creation.

The only difference between the success recorded here and in other climes, he disclosed, was the institutional support received by players in the sector.


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