News
Visa Appoints Aida Diarra as Senior Vice President
Visa announced that Aida Diarra has joined the company as Senior Vice President and Group Country Manager for Visa SSA, effective 1 November 2018. Diarra will oversee all Visa operations in forty-eight markets across Sub-Saharan Africa. She will report to Visa’s Regional President of CEMEA, Andrew Torre, and join Visa’s Central and Eastern Europe, Middle East and Africa (CEMEA) regional management team.
Diarra is a highly experienced executive in the financial services and digital financial industry and is well versed in growing business and operations across the African continent. Her twenty-five-year career includes strategy development and implementation, business development and operational management.
Aida joins Visa from Western Union, where she was the Regional Vice President for Africa & Managing Director for more than four years. Prior to this, she held a number of progressive leadership positions at the global money transfer business, developing her experience in marketing, sales, account management, strategy & planning and country / regional leadership positions.
Coupled with her passion for financial technology, she is a champion for diversity and Africa’s overall contribution to the industry and serves as a leading voice in these two areas through her non-executive work.
“Aida joins at a pivotal moment for our business,” said Andrew Torre, Regional President, CEMEA, for Visa. “Sub-Saharan Africa is a region of incredible opportunity – there will be more than 500 million mobile subscribers by 2020, but many countries lack payments acceptance and infrastructure.
Within the next several years an additional 55 million people in this region will be new to the banking system, and so continuing to invest in partnerships that connect these new consumers and merchants to great connected-commerce experiences, is critical for sustained and inclusive economic growth. Aida’s strong record of building great teams and strategic leadership will help us in that mission.”
“I am excited to join Visa as it celebrates its 60th anniversary. Visa is uniquely positioned to help reshape consumer experiences, lead the future of commerce, grow economies and transform lives across the continent.
“With just six percent of consumer payments in digital forms, this region presents an enormous and exciting opportunity for us to digitize cash, drive wider digital acceptance and support financial inclusion. I look forward to increasing the role we’re playing in making a difference to the diverse markets we support and serve,” said Aida Diarra.
As part of Visa CEMEA’s regional management team, Aida will also represent Sub-Saharan Africa within the regional and global Visa network, ensuring that best practice from other markets can be offered to the regional payment ecosystem.
News
Legit.ng, Shade of Life Foundation Partner to Advance Autism Awareness in Nigeria
Legit.ng recently joined forces with the Shade of Life Foundation to become a voice of autism, and drive advocacy for improved media support during Autism Awareness Month.
Conversations around media support exploration was led by Joseph Omotayo, head of Department for Human Interest Stories at Legit.ng, and Dr. Eziafakaku Nwokolo, founder and CEO of the Shade of Life Foundation,
This partnership is a response to the concerns raised by organizations like the Shade of Life Foundation about the level of support received from the media in discussing autism as a disability.
While other disabilities may receive attention, autism, with its critical developmental implications often lacks adequate representation in mainstream media.
Recognizing the importance of addressing these concerns, Legit.ng took proactive steps by integrating itself into the essence of autism awareness.
It facilitated a one-hour workshop with Dr. Nwokolo, the founder of the foundation, to deepen our understanding of autism, its various spectrums, and the language boundaries associated with it.
Other steps we took in advocating autism awareness in the media, can be seen in our attached press release.
Legit.ng believes that by amplifying the voices of autism and advocating for better media representation, we can contribute to creating a more inclusive and accepting society for all.
News
As Nigeria Struggle, Tanzania Turns off Power Plants Due to Excess Supply
While 85 per cent of Nigeria is in darkness, Tanzania, an African country has shut down five hydroelectric stations in a bid to reduce excess electricity in the national grid.
Kassim Majaliwa, prime minister, Tanzania, has said the main plant, Mwalimu Nyerere Hydroelectric Station, alone generated enough electricity to power major cities, including Dar es Salaam, the country’s commercial hub.
It is the first time Tanzania, which suffers chronic power shortages, has closed hydroelectric stations due to excess production.
“We have turned off all these stations because the demand is low and the electricity production is too much, we have no allocation now,” an official from state-run power company, Tanesco, said.
The 2,115MW Julius Nyerere Hydropower Dam is said to be almost filled with water following heavy rains that started early this year.
Meanwhile, while the country has an installed capacity of 1,938MW and the grid installed capacity of 1,899MW, Nigeria which has an installed capacity of 13,000MW is struggling to electrify 85 per cent of its electricity consumers.
News
President Tinubu Appoints Jim Ovia as Student Loan Fund Chairman
President Bola Tinubu has approved the appointment of Jim Ovia, renowned banker and businessman, as the Chairman, Board of the Nigerian Education Loan Fund.
Ovia’s appointment is contained in a State House statement titled, ‘President Tinubu appoints Jim Ovia as Chairman of the Nigerian Education Loan Fund,’ and issued on Friday by Ajuri Ngelale, special adviser to the President, Media & Publicity.
The statement noted that “Ovia is the founder of one of Nigeria’s leading banks and a respected business leader, with a surfeit of efforts and benefaction towards nurturing and empowering young Nigerians.
“He is an alumnus of Harvard Business School and holds a Master’s in Business Administration from the University of Louisiana.”
The National Student Loan Programme is a pivotal intervention that seeks to guarantee sustainable higher education and functional skill development for all Nigerian students and youths.
The Nigerian Education Loan Fund, the implementing institution of this innovation, demands excellence and Nigerians of the finest professional ilk to guide and manage.
“The President believes Mr. Ovia will bring his immense wealth of experience and professional stature to this role to advance the all-important vision of ensuring that no Nigerian student suffers a capricious end to their pursuit of higher education over a lack of funds,” the statement partly read.
Ovia’s appointment will also ensure “that Nigerian youths, irrespective of who they are, have access to higher education and skills that will make them productive members of society and core contributors to the knowledge-based global economy of this century.”
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