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Tag: fostering innovation

  • HabariPay Launches Maiden “HabariPay Impact Report 2025”, Showcasing Its Journey, Business Evolution, and Contributions to Digital Payments

    HabariPay Launches Maiden “HabariPay Impact Report 2025”, Showcasing Its Journey, Business Evolution, and Contributions to Digital Payments

    HabariPay Limited, the fintech subsidiary of Guaranty Trust Holding Company Plc (GTCO), has unveiled its maiden HabariPay Impact Report 2025, providing stakeholders with a comprehensive account of the company’s evolution, innovation journey, business performance, and impact on the digital payments landscape.

    The report captures HabariPay’s transformation from a newly established fintech venture into one of Nigeria’s leading payment infrastructure providers, highlighting the milestones, strategic decisions, and investments that have shaped its growth. It showcases the company’s contributions to enabling digital commerce, supporting businesses, strengthening payment infrastructure, and expanding financial access through technology-driven solutions.

    The HabariPay Impact Report 2025 also highlights the company’s strong financial and operational performance, the growth of the Squad platform, and the development of infrastructure that powers payment acceptance, switching, transfers, merchant services, and value-added solutions. The publication further explores the role of innovation, talent development, and ecosystem partnerships in driving the company’s success.

    Speaking on the launch of the report, the Managing Director of HabariPay, Eduofon Japhet, said: “As a technology-driven company, we believe that impact extends beyond financial performance. It is reflected in the businesses we enable, the merchants we support, the infrastructure we build, and the opportunities we create for the next generation of innovators. The HabariPay Impact Report 2025 captures this journey and demonstrates our commitment to creating sustainable value for customers, partners, and the broader economy.”

    She further added: “The HabariPay Impact Report 2025 represents more than a reflection on our achievements; it is a testament to the deliberate investments we have made in building sustainable payment infrastructure, empowering businesses, fostering innovation, and creating long-term value for our stakeholders. As we look ahead, we remain committed to expanding our capabilities, deepening our impact, and shaping the future of digital payments through technology-driven solutions that are secure, scalable, and inclusive.”

    The report also showcases HabariPay’s investments in innovation through initiatives such as the Take on Squad Hackathon and the Squad Hackademy, both of which are helping to develop future technology talent and accelerate the creation of practical solutions to real-world challenges.

    Looking ahead, the publication outlines HabariPay’s vision for the future, including continued investment in payment infrastructure, merchant solutions, digital innovation, and intelligent technologies that will shape the future of financial services.

    To access the HabariPay Impact Report 2025, please click the below:   https://squadco.com/impact-report/

  • MainOne Lands 2Africa Submarine Cable in Qua Iboe, Akwa Ibom State, boosting Broadband Connectivity in South-South Nigeria

    MainOne Lands 2Africa Submarine Cable in Qua Iboe, Akwa Ibom State, boosting Broadband Connectivity in South-South Nigeria

    …Spanning 45,000km in length, 2Africa will be one of the world’s largest subsea cable projects and will interconnect Europe, Asia, and Africa, with a design capacity of up to 180Tbps

     MainOne, an Equinix Company, is delighted to announce its pivotal role in the historic landing in Akwa Ibom State of the first and only submarine cable system in Nigeria outside of Lagos. This collaboration marks a significant milestone in enhancing broadband connectivity and driving economic development in the South-South, South-East and North-Central regions of Nigeria.

    Spanning 45,000km in length, 2Africa will be one of the world’s largest subsea cable projects and will interconnect Europe, Asia, and Africa, with a design capacity of up to 180Tbps. The significance of 2Africa lies in its capacity to address critical internet needs and enhance reliability across vast expanses of Africa. Furthermore, 2Africa serves as a catalyst for the advancement of 4G, 5G and fixed broadband accessibility, extending its impact to billions of people. Akwa Ibom’s selection as a landing site underscores its strategic importance in Nigeria’s digital transformation journey. By offering cable diversity and resiliency, 2Africa contributes significantly to the country’s digital infrastructure resilience and MainOne’s role as the landing partner solidifies this endeavour. Notably, MainOne will facilitate the establishment of a terrestrial metro fiber network in Akwa Ibom State and the entire South-South Nigeria, seamlessly connecting enterprises and people in the region to the submarine cable system.

    “With a commitment to consistently deploy financial capital and project resources towards infrastructure investments, MainOne is dedicated to improving internet capacity and driving various aspects of development, including economic growth, digital transformation, healthcare, security, agriculture, and increased state revenue in South-South Nigeria,” stated Abayomi Adebanjo, Regional Business Head, MainOne, an Equinix Company.

    The terrestrial metro fiber network will address internet distribution constraints across the Southern and North-Central region of Nigeria, bridging the gap in unserved and underserved areas. By hosting the submarine cable system landing and the fiber cable interconnection, Akwa Ibom State, the South-South Region and Nigeria will unlock numerous economic and social benefits, fostering innovation, entrepreneurship, job creation, and improved public service delivery.