Tag: reliability

  • Yuno Partners with Onafriq to Unlock Pan-African Payments for Global Merchants

    Yuno Partners with Onafriq to Unlock Pan-African Payments for Global Merchants

    Partnership integrates Onafriq’s leading Pan-African payment network into Yuno’s orchestration platform, giving merchants a single connection into Africa’s most expansive payments infrastructure

    Yuno, the global financial infrastructure platform, today announced a strategic partnership with Onafriq, the leading Pan-African payments network, to bring Africa’s most expansive payments infrastructure to merchants worldwide. Through this integration, Yuno’s clients gain instant access to Onafriq’s network spanning 43 African markets, nearly 1 billion mobile wallets, 500 million bank accounts, and 2,000 cross-border payment corridors, all through Yuno’s single, developer-friendly API.

    As businesses increasingly look to Africa as a high-growth frontier, the partnership addresses one of the most persistent friction points in cross-border commerce: the complexity of connecting to fragmented, local payment rails across dozens of markets. By combining Yuno’s payment infrastructure capabilities with Onafriq’s deep-rooted African network, the two companies aim to dramatically reduce the time and technical overhead required for merchants to go live and scale across the continent.

    Onafriq’s infrastructure supports the full payment lifecycle, from real-time disbursements and omnichannel collections to card issuance, treasury management, and stablecoin settlement, all underpinned by local regulatory licences and ISO 27001 and CMML3-certified security. For Yuno’s merchant base, this means the ability to pay out to mobile wallets, bank accounts, or cash pickup points, and accept payments across channels, without managing multiple integrations or compliance frameworks independently.

    “Africa represents one of the most exciting growth opportunities in global commerce, and yet too many merchants are still locked out by payment infrastructure that wasn’t built for scale. Our partnership with Onafriq changes that,” said Juan Pablo Ortega, Co-Founder and CEO, Yuno. “By bringing their unmatched African network into our infrastructure layer, we’re giving our clients a single path to a continent-wide ecosystem with the reliability, compliance, and local depth they need to grow with confidence.”

    The partnership is part of Yuno’s broader strategy to build a truly global platform that connects merchants to every meaningful payment method and network, regardless of geography. Following successful expansion in the Middle East, Europe, and Asia, Africa is a key pillar of Yuno’s next phase of growth.

    For Onafriq, the integration with Yuno extends its reach to an entirely new segment of global merchants who now benefit from a streamlined entry point into African markets. The partnership reinforces Onafriq’s mission of making borders matter less, bringing together mobile money operators, banks, fintechs, and enterprises into one connected payment ecosystem.

    “Africa’s payment landscape has never lacked ambition or momentum, what it needed is the right infrastructure that matches its pace. Our partnership with Yuno changes the equation for global merchants who want to be part of this growth story” said Dare Okoudjou, CEO, Onafriq.Through a single connection, global merchants can reach consumers and businesses across Africa more seamlessly than ever before, while more people across the continent gain access to the digital economy on their own terms. For us, this is what making borders matter less looks like in practice.”

    The integration is now live and available across Egypt, Ghana, Kenya, Nigeria, Cameroon, Cote D’Ivoire, and Uganda. Yuno’s clients can access Onafriq’s capabilities, including mobile money disbursements and collections, card issuance, and FX treasury services, directly from the Yuno dashboard with no additional contract or integration required.

  • Feature- A Toast to MTN Nigeria at 25: The Network That Redefined a Nation

    Feature- A Toast to MTN Nigeria at 25: The Network That Redefined a Nation

    By Elvis Eromosele

    Twenty-five years is a long time in any industry. In telecommunications, it is an entire lifetime of disruption, reinvention, regulatory tension, and relentless technological acceleration. In Nigeria, it is also a story of national transformation told through a yellow brand that became more than a network; it became infrastructure, culture, economy, and identity.

    As MTN Nigeria marks its 25th anniversary, it is impossible to separate its corporate journey from Nigeria’s digital evolution. The company has not only witnessed the country’s shift from analogue isolation to digital integration; it has actively engineered much of it.

    When MTN entered Nigeria in 2001 following the landmark GSM liberalisation by the Nigerian Communications Commission (NCC), mobile telephony was still a luxury reserved for the privileged few. Landlines were unreliable, and communication in general was an exercise in patience and privilege.

    The NCC’s reform opened the door, but MTN walked through it with scale, ambition, and speed. In those early days, it did not merely compete; it created a market.

    The now-iconic “Everywhere you go” slogan was more than branding; it was a promise of reach in a country where geography had long dictated exclusion. For millions of Nigerians, MTN became the first real bridge to modern communication.

    From modest beginnings, the network has now grown to over 90 million active subscribers. It is today a dominant player in a market it helped build. In the quarter of a century of operations in Nigeria, MTN has evolved from a voice-centric operator into a digital infrastructure giant. Its investments in 3G, 4G LTE, fibre networks, and early 5G deployment have fundamentally reshaped consumption patterns.

    Nigeria today is a data-first society. Social media drives commerce, streaming defines entertainment, fintech powers financial inclusion, and remote work is no longer an exception but an emerging norm. MTN sits quietly beneath this ecosystem as one of its most critical enablers.

    Yet, its impact extends beyond connectivity. The company has catalysed entire value chains, SIM registration agents, tower contractors, retail distributors, fintech partners, and digital developers, forming a vast ecosystem that supports millions of livelihoods.

    In many ways, MTN did not just connect Nigeria; it industrialised communication. The telecom giant’s contribution to Nigeria’s economy is both direct and multiplier-driven. Thousands are employed directly, but millions more are supported indirectly through its expansive ecosystem.

    Billions of dollars in infrastructure investment have gone into base stations, fibre rollout, data centres, and rural expansion projects. This has helped to shrink Nigeria’s digital divide, though gaps remain in rural broadband access.

    The MTN Nigeria Foundation, funded through a portion of profits, has also become a significant force for social impact, supporting healthcare upgrades, scholarships, digital skills training, and women empowerment programmes across the country.

    It is estimated that tens of millions of Nigerians have benefited directly or indirectly from its interventions. This social footprint reinforces MTN’s position not just as a commercial entity but as a development partner.

    No honest assessment of MTN Nigeria’s journey can ignore its controversies and operational challenges. The most defining moment remains the 2015 SIM registration crisis, when the NCC imposed a record-breaking fine over compliance failures. The episode exposed the tension between regulatory enforcement and operational realities in a complex, fast-growing market.

    Beyond regulatory issues, consumer frustrations persist. Nigerians continue to experience dropped calls, inconsistent data performance, congestion in urban areas, and perceived rapid data depletion. Despite massive infrastructure investments, the gap between expectation and experience remains a recurring issue.

    There are also structural challenges: multiple taxation, vandalism of fibre infrastructure, high diesel costs due to unstable power supply, and foreign exchange volatility, all of which strain operations.

    The next phase of MTN’s journey will not be defined by traditional telecom competition alone. The battlefield is expanding.

    Fintech companies, over-the-top (OTT) platforms, satellite internet providers, and digital-native startups are redefining connectivity and value creation. MTN is increasingly operating in a space where it is no longer just a telecom operator but a digital platform company.

    Beyond the balance sheets and base stations lies a more personal reflection. Many professionals who have passed through MTN Nigeria carry with them a deep understanding of its role in shaping modern corporate Nigeria. This writer spent nearly a decade within the ecosystem, witnessing firsthand how the company’s internal discipline, innovation culture, and market aggression helped define the standards of the Nigerian telecom industry.

    MTN Nigeria’s story is ultimately a paradox. It democratised communication but still struggles with perception gaps in service quality. It built digital highways but still battles congestion on those roads. It enabled Nigeria’s digital economy but now faces rising expectations from a more demanding, digitally savvy population.

    Yet, this paradox is also its strength. It reflects a company that operates at scale in one of the most complex markets in the world.

    As MTN Nigeria turns 25, it stands at a crossroads of maturity and reinvention. The easy gains of market expansion are behind it. The next phase will be defined by intelligence, trust, efficiency, and inclusion.

    Nigeria’s digital future will demand more than connectivity. It will demand reliability, affordability, security, and fairness. MTN will remain central to that journey, but under sharper scrutiny and higher expectations.

    In truth, MTN Nigeria’s story is also Nigeria’s story: ambitious, uneven, resilient, and still unfolding.

    Elvis Eromosele, a corporate communications professional and sustainability advocate, wrote via elviseroms@gmail.com

  • PalmPay and Premier Cool Launch “10k for 10k Campaign” to Reward 10,000 Nigerians with ₦100 Million

    PalmPay and Premier Cool Launch “10k for 10k Campaign” to Reward 10,000 Nigerians with ₦100 Million

    Premier Cool, Nigeria’s leading antibacterial cooling bar soap, has announced the launch of its nationwide consumer promotion, “10K for 10K”, in partnership with Palmpay, Nigeria’s leading digital bank.

    This promo is designed to reward 10,000 Nigerians with ₦10,000, amounting to a total of ₦100 million in cash rewards paid instantly via PalmPay wallets. Running from January 12 to April 11, 2026, 111 winners will emerge daily throughout the three months.

    Speaking on the campaign, the MD, PZ Cussons Africa, Mr Oghale Elueni, said ‘At a time when financial pressure is real for many households, this promo is our way of easing the load and refreshing Nigerians, emotionally and financially, with a brand they already know and trust

    Participation is straightforward, and reward is instant on your PalmPay wallet

    Consumers can take part in three easy steps:

    1. Buy a promo-coded pack of Premier Cool 110g (Ultimate or Black) and unwrap to reveal a unique code inside.

    2. Scan the QR code on the pack, which leads directly to the campaign microsite and the PalmPay app.

    3. Enter the unique code on PalmPay for an instant draw and a chance to win ₦10,000 instantly.

    New PalmPay users participating in the campaign will also enjoy a welcome bonus of up to ₦5,550, further reinforcing PalmPay’s commitment to delivering practical value and smarter everyday banking.

    Also speaking at the launch, Managing Director of PalmPay Nigeria, Chika Nwosu, noted that this campaign reflects PalmPay’s commitment to delivering real, everyday value to Nigerians. By partnering with a brand that families have trusted for decades, we are reinforcing our promise of smarter banking that supports daily living, saving, and financial growth..”

    Rewarding Loyalty, the Premier Cool Way

    Premier Cool understands the value of loyalty and believes freshness should come with real rewards. With the 10K for 10K Promo in partnership with PalmPay, Premier Cool reinforces its commitment to consumers through meaningful engagement, proving that staying fresh pays.

    With decades of heritage under PZ Cussons, Premier Cool remains a symbol of reliability, family well-being, and consistent quality in Nigerian homes.

  • SAHCO PLC Clinches Top Honour as “Best Ground Support Service Company of the Year” at Nigeria’s First International Airshow

    SAHCO PLC Clinches Top Honour as “Best Ground Support Service Company of the Year” at Nigeria’s First International Airshow

    Skyway Aviation Handling Company PLC (SAHCO) has once again reinforced its leadership in the aviation sector by winning the highly coveted Best Ground Support Service Company of the Year award at the First Nigeria International Airshow, organized by the Federal Ministry of Aviation and Aerospace Development, held at the Nnamdi Azikiwe International Airport, Abuja.

    This prestigious recognition highlights SAHCO’s unwavering dedication to delivering world-class ground handling services, operational efficiency, and unsurpassed professionalism across Nigeria’s airports. The award celebrates the company’s continuous investment in modern equipment, staff training, safety standards, and customer-centric service delivery.

    The award was received on behalf of the company by its Managing Director/Chief Executive Officer, Mrs. Adenike Aboderin, who expressed appreciation for the honour and reiterated SAHCO’s commitment to supporting the growth and modernization of Nigeria’s aviation industry.

    Presenting the award was Air Vice Marshal (Rtd.) Ojuawo Adeniyi, a member of the House of Representatives, who commended SAHCO for its consistency, innovation, and significant contribution to aviation development in the country.

    Commenting on the award, the Chairman of SAHCO Plc, Dr. Barr. Taiwo Afolabi (CON), expressed his heartfelt appreciation to the Ministry of Aviation and Aerospace Development, the CEO of the Nigeria International Airshow, Mrs. Bria Williams and the entire team that nominated SAHCO for recognizing SAHCO and for putting the company on the global stage with such a prestigious honour.

    Dr Afolabi went on to describe the award as a significant milestone that validates SAHCO’s unwavering

     Commitment to excellence in aviation ground handling and support services. He noted that the recognition not only celebrates the company’s achievements but also highlights the dedication and professionalism of the entire SAHCO workforce. ‘As a gateway of critical aviation services in Nigeria, this award strengthens our resolve to continue delivering world-class operational standards.’ Dr Afolabi emphasized. ’SAHCO remains committed to investing in cutting-edge technology, enhancing staff capacity and upholding safety and service benchmarks to ensure that Nigeria’s aviation industry retains a respected global presence’.

    He went on to acknowledge the vital support from SAHCO’s Board, Management team, clients and partners emphasizing that their trust and collaboration have been instrumental in the company’s growth and success.

    This recognition at the maiden edition of the Nigeria International Airshow serves as a major milestone and a testament to SAHCO’s role in enhancing global standards within the nation’s aviation landscape.

    Skyway Aviation Handling Company PLC (SAHCO) has built a solid reputation for reliability, safety, and excellent customer service, backed by its commitment to international best practices, modern technology, and strict adherence to global aviation safety standards.

    As one of Nigeria’s leading ground handling service providers, SAHCO delivers top-quality Passenger, Ramp, and Cargo handling services across major airports nationwide.

    The company remains committed to supporting the growth of Nigeria’s aviation industry through continuous staff development, operational excellence, and environmentally responsible practices. With a strong focus on efficiency and professionalism, SAHCO consistently provides seamless, world-class ground handling services that meet—and exceed—client expectations.

  • From Budget to Flagship: The HOT 60 Series Offers Slim Design, AI Brilliance & All-Day Power

    From Budget to Flagship: The HOT 60 Series Offers Slim Design, AI Brilliance & All-Day Power

    The Infinix HOT 60 Series has officially landed, and it’s slimmer, smarter, and more stylish than ever before. With three dynamic models, HOT 60i, HOT 60 Pro, and the flagship HOT 60 Pro+, this lineup is designed to cater to every lifestyle, from students and side hustlers to full-time content creators and tech fashionistas.

    Let’s break down the highlights so you can choose the model that matches your needs (and your budget).

    HOT 60i – Budget-Friendly, Built to Hustle

    If you’re looking for performance that’s easy on your wallet, the HOT 60i is your go-to.

    • 5160mAh battery with 45W FastCharge
    • 7.7mm slim body and feather-light at just 188g
    • 120Hz screen refresh rate
    • NFC Touch Transfer, IP64 dust/water resistance, and UltraLink Free Call (no SIM required)
    • AI-powered One-Tap Assistant and Folax support for voice and visual tasks

    Perfect For: Students, first-time smartphone buyers, and everyday users who want style, reliability, and smart features at ₦143,900.

    HOT 60 Pro – All-Rounder with AMOLED Elegance

    Next up, the HOT 60 Pro hits the sweet spot between affordability and flagship-level flair. It offers smooth performance and a visual upgrade without breaking the bank.

    • 6.78-inch AMOLED display with 144Hz refresh rate
    • 50MP main camera with AI enhancements
    • 5160mAh battery + 45W FastCharge
    • Android 15-ready with XOS 15.1
    • AI assistant and Google Circle to Search built in

    Perfect For: Social media power users, gamers, and creators looking for flagship design at ₦223,600.

    HOT 60 Pro+ – The Ultimate Slim-Tech Flagship

    This is the one making waves. At just 5.95mm thin and weighing only 155g, the HOT 60 Pro+ is officially the world’s slimmest 3D curved-screen smartphone. It doesn’t just look good, it performs like a champ:

    • Helio G200 processor for fast multitasking and gaming
    • 144Hz AMOLED display, 1.5K resolution, 4500nit peak brightness
    • 50MP Sony IMX882 sensor with 2x lossless zoom and AI RAW
    • AI Image Extender, Vogue Portraits, Eraser 2.0
    • JBL-certified stereo speakers + in-display fingerprint scanner
    • IP65 water & dust resistance + Corning Gorilla Glass 7i

    Perfect For: Creators, vloggers, style influencers, and gamers who want design, power, and creative tools, at a starting price of ₦262,900 (128 + 8GB).

    Infinix AI: Smarter Phones for a Smarter Generation

    All models come with One-Tap AI access via the power button. Powered by Infinix’s Folax assistant, you can:

    • Circle to Search anything on-screen with Google Circle to Search
    • Solve math problems visually
    • Translate calls or summarize voice notes
    • Instantly take cross-app actions without switching

    Whether you’re studying, hustling, or scrolling, AI adapts to your screen and makes things easier.

    Endurance That Keeps You Going

    Across the lineup, you get 45W FastCharge and ultra-durable batteries rated for up to 5 years:

    • HOT 60 Pro+ features a 5160mAh battery that’s just 4.04mm thin, with TÜV certification for long-term health.
    • All models use non-silicon battery tech for better heat and power efficiency.

    Design That Pops

    Choose from bold, stylish and youthful colors like:

    • Coral Tides: Inspired by Komodo Island’s pink-blue beaches
    • Misty Violet, Meadow Green, Sapphire Blue, and Titanium Silver
    • Moco Cyber Green with scent-weave leather and Davidoff-inspired fragrance (Pro+ only)

    Final Verdict: There’s a HOT 60 For Everyone

    Whether you want an affordable daily companion, a stylish all-rounder, or a slim flagship with creator tools, the Infinix HOT 60 Series has something for you.

    All HOT 60 Series devices are now available at authorized Infinix retail stores and online platformsacross Nigeria.

    Follow @InfinixNigeria on Instagram, TikTok, X (Twitter), and Facebook for exclusive content, unboxings, and giveaways.

  • Feature: Locally Produced Sustainable Aviation Fuel will Boost Emission Reductions and Fuel Security in Africa

    Feature: Locally Produced Sustainable Aviation Fuel will Boost Emission Reductions and Fuel Security in Africa

    There are opportunities for Africa in the global transition to cleaner, sustainable aviation fuel (SAF), which will need to be indigenously produced to be truly sustainable

    By Omar Ali Adib

    African airlines play a vital role in unlocking trade, providing employment, increasing GDP, and demonstrating national and continental pride. However, they face formidable challenges, foremost among them being the cost of aircraft fuel, which exceeds global averages by up to 30%, which can be attributed to the lack of local refining capability, unique market dynamics, taxation and duties, and foreign exchange challenges from weakening local currencies.

    In the wake of the COVID-19 pandemic, Africa’s aviation sector has displayed remarkable resilience by returning to pre-pandemic levels. However, if African airlines are to continue to sustain their growth and competitiveness on the global stage, then they will need to fulfil some strategic objectives.

    The industry needs the best technologies to maximize operational efficiencies, defend and innovate fuel security, and develop our human resources.

    In terms of operational efficiency, Rolls-Royce has a role to play in supporting African airlines.

    Our engines power half of the world’s wide-body (twin-aisled) aircraft, connecting passengers, transporting food and goods, and delivering healthcare and humanitarian aid. The most technologically advanced members of the Rolls-Royce engine family are the Trent 7000, which powers the Airbus A330neo, the Trent XWB, which serves the Airbus A350, and, of course, the Trent 1000, which was designed for Boeing’s 787.  

    This engine family has continually evolved over the last 30 years. Since the first Trent engine took flight, Rolls-Royce has focused on improving engine performance and reliability, introducing advanced new manufacturing methods, materials, aerodynamics and digital technologies. Just recently, Rolls-Royce committed £1bn to a program that will enhance and advance not only new engines entering the market but also engines already in service. With this new billion-pound investment in new technologies, our existing customers will benefit from improved availability, reliability and fuel efficiency. 

    Today, a Rolls-Royce Trent XWB aero engine consumes 15% less fuel than the first generation of Trent engines, contributing to savings of about $6.4 million per aircraft per year.

    These savings can be even greater in Africa due to the higher cost of jet fuel.

    Turning to fuel innovation and security, there are opportunities for Africa in the global transition to cleaner, sustainable aviation fuel (SAF), which will need to be indigenously produced to be truly sustainable. This alternative African fuel would bring immediate benefits to emissions and longer-term fuel security. But the challenge is to produce SAF at scale.

    In addition to the well-documented benefits of SAF as a key enabler to reduce aviation carbon emissions by up to 80%.

    The subject of SAF will become increasingly important as, from 2025, all airlines flying into the European Union must use a 2% blend of SAF, which will gradually increase to 6% in 2030, 20% by 2035, 34% by 2040, and 70% by 2050. This move has prompted the recently established EU Global Gateway African Euro320bn Investment Package, half of which will be directed towards developing Africa’s SAF capabilities.

    Rolls-Royce has actively supported work to support 100% SAF adoption and our role has been to prove there are no technology impediments to its use at engine level. That is why we have recently completed our commitment to ensure all of our in-production civil aero engines are compatible with 100% SAF – a commitment underpinned by a series of tests on the ground and in the air. We were also pleased to support Virgin Atlantic, which operated the first-ever 100% SAF flight across the Atlantic from London to New York late last year, powered by Trent 1000 engines

    SAF can be made from waste cooking oils and biofuels produced from agricultural waste or the growing of feedstock plants on marginal lands unsuitable for food crops—a whole new sector of agriculture. The benefits of a regional SAF supply chain include increased energy security, reduced volatility of jet fuel supply and pricing, less forex exposure and economic development opportunities through local investments and job creation.

    Choosing the right aerospace technology that continues to advance and evolve while in service simultaneously reduces operating costs, bolsters our growing economy and strengthens our transition to indigenous and better-performing fuel.

    Africa has over 24% of the world’s agricultural land and 60% of the world’s uncultivated arable land. Thanks to partnerships forged between the government and private sector in East Africa, we are delighted to see the seeds are already being sown to develop a world-leading biofuel sector.

    Omar Ali Adib is the Senior Vice President – Middle East, Africa and Central Asia for the Rolls-Royce Civil Aerospace division

  • GE Vernova showcases solutions to power the continent forward at Enlit Africa

    GE Vernova showcases solutions to power the continent forward at Enlit Africa

    The exhibit features industry-leading technologies electrifying the world, advanced solutions decarbonizing the energy sector, and breakthrough innovations that can help to accelerate the journey to net zero

    As Africa continues its unique energy transition journey, GE Vernova (NYSE: GEV) is participating at Enlit Africa, encouraging power sector stakeholders to collectively assume responsibility to develop and support solutions that address the energy trilemma of reliability, affordability, and sustainability. A recent report shows that up to 50% of Sub-Saharan Africa’s population, ~600 million people, lack access to electricity, and power demand is projected to grow by ~3% in 2024, bringing into focus the need to balance energy transition aspirations with electricity availability.

    Visitors to GE Vernova’s exhibition stand at Enlit Africa – booth C22 in Hall 3 at Cape Town International Convention Center – will be able to explore, interact with, and immerse themselves in innovations spanning across the power generation, transmission, and distribution sectors during May 21 – 23, 2024. Spread into three distinct sections, the exhibit features industry-leading technologies electrifying the world, advanced solutions decarbonizing the energy sector, and breakthrough innovations that can help to accelerate the journey to net zero.

    Kenneth Oyakhire, MD & CEO of Services in Sub-Saharan Africa for Gas Power at GE Vernova – a keynote speaker at Enlit Africa, says: “Energy enables growth and progress – which is why investing in reliable and affordable power is as critical as advancing lower carbon power to support health, connectivity, safety, security, and improved quality of life. At GE Vernova, we believe that the strategic deployment of renewables and gas power together can help accelerate the continent’s energy transition efforts, enabling substantive reductions in emissions quickly and at scale, while continuing to advance the technologies for low or near-zero carbon power generation.

    “We also recognize that there is no one-size-fits-all solution. Multiple technologies and fuel sources will be needed, together with investments in transmission and distribution systems, as well as software solutions, with local conditions dictating what works best. The public, private, and not-for-profit sectors must work together, with governments taking the lead to structure transparent and predictable market mechanisms and policies, incentivise reductions in power sector carbon intensity, allow life-cycle economics to drive investment decisions, and encourage research on new technologies and business models.”

    Across Africa, countries continue to make progress towards addressing their respective energy challenges. Testimony to this commitment and GE Vernova’s efforts to support them, is the synchronization of the first 60 megawatts (MW) Francis hydro turbine at a 420 MW power plant in Cameroon. It represents a significant milestone for the project and for the energy transition plan in the country, as the plant is expected to cover up to 30% of Cameroon’s electricity demand, helping to provide reliable and sustainable electricity. In addition to providing seven Francis units to equip the plant, GE Vernova’s Hydro Power team is responsible for the overall coordination of the project, including the design, manufacturing, erection supervision, and commissioning of the turbines and generators, the control system, and the mechanical balance of plant.

    GE Vernova spun-off from GE (NYSE: GE) and began trading as an independent company on the New York Stock Exchange (NYSE) on April 2, 2024. With approximately 55,000 wind turbines and 7,000 gas turbines, GE Vernova’s technology base helps generate about 30% of the world’s electricity and has a meaningful role to play in the energy transition. The company has a legacy of over 100 years of presence in Africa, working across the electricity value chain from generation through various power sources including wind, hydro, gas, nuclear, and more, to providing transmission, distribution, and software solutions.

  • Fearless Energy Drink Shines as Africa’s Top Energy Drink Brand

    Fearless Energy Drink Shines as Africa’s Top Energy Drink Brand

    Rite Foods Limited’s Fearless Energy Drink has once again achieved a remarkable milestone by being crowned “Africa’s Most Preferred Non-alcoholic Energy Drink Brand of the Year” at the prestigious African Brand Leadership Merit Awards 2023.

    This victory, celebrated at the 8th African Brands Congress, highlights Fearless Energy Drink’s continuous pursuit of excellence and its dedication to providing consumers with top-quality energy drinks.

    The African Brand Congress, an annual gathering of the brightest minds behind Africa’s most successful and sought-after brands brought together dignitaries in the business world, including company chairs, presidents, directors, CEOs, brand custodians, and managers from leading brands that exemplify the creation of strong brands, at the Civic Centre, Victoria Island, Lagos, on Friday, 15th September, 2023, with brands exhibition and presentation, culminating in the awards in grand style.

    Fearless Energy Drink’s selection as the winner of this esteemed award was a result of its outstanding contributions to value creation, brand building, and remarkable growth throughout 2023.

    The criteria for selecting the winner were stringent, focusing on Quality and Resilience, Brand Market Share, Brand Acceptance, Reliability, Value and Durability, Brand Extension Programmes, and the Creation of New Categories, as well as Optimum Customer Satisfaction.

    This award is a testament to Fearless Energy Drink’s commitment to delivering exceptional quality, satisfying the energy needs of its consumers, and fostering brand loyalty. Fearless Energy Drink continues to fulfill its promise of providing a premium taste and unparalleled experience to its valued customers.

    This recognition as Africa’s Most Preferred Non-Alcoholic Energy Drink Brand of the Year adds to the brand’s winning streak, having recently secured the “Best Value for Money for Energy Drink” award at the esteemed BrandXchange Awards on 7th September, 2023, alongside two other esteemed brands from Rite Foods Limited – Bigi Carbonated Soft Drink and Rite Sausage Rolls.

    The African Brand Leadership Merit Award reflects Fearless Energy Drink’s dedication to enhancing the continent’s economic aspirations, transforming Africa’s image on the global stage, and exemplifying corporate citizenship and social and environmental responsibility.

    It further solidifies its status as a leading force in the African energy drink industry. With a commitment to innovation and a focus on customer satisfaction, the brand looks forward to continued success and growth in the years to come.

  • British International Investment commits EUR 20 million to The Urban Resilience Fund

    British International Investment commits EUR 20 million to The Urban Resilience Fund

    …A minimum of 85 per cent of investments will support climate finance qualifying projects in African cities.

    British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, today announced a EUR 20 million commitment to The Urban Resilience Fund (TURF), launched by Meridiam. The investment is the DFI’s first investment in an urban infrastructure fund and supports the design and scale of climate-focussed infrastructure projects across sub-Saharan Africa – increasing the affordability, safety, reliability, and climate-resilience of public infrastructure in African cities.

    Meridiam is an infrastructure specialist with global expertise in developing, financing, and long-term management of sustainable public infrastructure in Africa. Through the fund, they will target infrastructure investments aligned with sustainability goals, such as energy efficiency and carbon capture. The Fund will invest in:

    • Urban mobility such as bus rapid transit and modern cable cars.
    • Energy transition including micro grids management.
    • Built community environments such as innovative smart city solutions, street lighting, and electric vehicle charging.
    • Waste management systems.

    BII has been an active partner to Meridiam over the years having also invested in their previous two funds – MIAF I and MIAF II which successfully invested across major greenfield and brownfield infrastructure projects. This included two solar parks in Senegal that deliver a combined 60MW of reliable electricity to households and industry, increasing firm productivity, facilitating economic growth and job creation.  

    This latest transaction reflects the companies’ joint vision to invest in low-carbon, climate-smart solutions for municipal environments experiencing the pressures of rapid urbanisation. Africa’s cities are the fastest-growing cities in the world; and while they pose challenges with insufficient infrastructure, pollution and congestion, the lack of existing development presents the opportunity to create exemplars of green public infrastructure.

    The investment from BII helps contribute to the UN’s Sustainable Development Goals on industry, innovation and infrastructure (SDG 9); on sustainable cities and communities (SDG 11), and on climate action (SDG 13).

    Andrew Mitchell, Minister of State for Development and Africa said: The UK is committed to supporting the development and climate-resilience of infrastructure services in African cities. I am pleased to see British International Investment commit to this Fund and we are confident that their involvement will help attract much needed additional funding from the private sector in support of vital, clean and green infrastructure in the region.”

    Holger Rothenbusch, Head of Infrastructure and Climate, BII added: “We are delighted to be an anchor investor in Meridiam’s latest fund and will be supporting Meridiam in its efforts to reach its first close. The Fund will deliver clear benefits to local communities at a time when there has never been a more urgent need to invest in sustainable infrastructure to increase climate resilience. This Fund is a ‘first-of-its-kind’ in the market and will contribute to creating progressive solutions that ensure that citizens benefit from the rapid urbanisation taking place in African cities.”

    Mathieu Peller, Partner and Deputy CEO, Meridiam commented: “We are very pleased with the longstanding support from BII across our various African strategies. BII’s investment in TURF is a key milestone in our partnership to deliver sustainable and impactful infrastructure projects which are needed by cities throughout the continent.  TURF will be essential in addressing the multiple resilience challenges faced by cities, such as climate change, sustainable resource management and social inclusion.”

  • Feature- Introducing Squad: The Complete Payments Solution for your Business

    Feature- Introducing Squad: The Complete Payments Solution for your Business

    Payments: They are the core of every business. And so, in an era where digital has won over brick and mortar, it became imperative to create requisite payment solutions that can offer businesses of today speed, reliability, and convenience, so that they never miss a sale.

    Meet Squad: an all-in-one payments tool to help your business grow.

    Meet Squad: an all-in-one payments tool to help your business grow.

    Driven by our in-depth knowledge of digital payments in Africa and the collective years of expertise of our Parent Company, GTCO, in the payments landscape, we are proud to launch Squad, a framework of payment solutions to enable merchants to make and receive payments from anywhere in the world. At Squad, our vision and mission are rooted in empowering African merchants through payments — to create an Africa where every payment is digital.

    What is Squad?

    Squad is a complete payments solution for businesses in Africa, made to support business owners with the tools required to thrive in the digital economy. The goal is to ensure that businesses never miss a sale and grow and expand beyond their current reach.

    Squad was created to transform payment processing, accounting and reconciliation, financial management and e-commerce. Think of it as an integrated suite of payment technologies that merge different facets of your business into one centralized function!

    Why Squad?

    · Complete payments solution: With Squad, you get all the tools you need to receive, track, and manage payments for your business. From the convenience of just one dashboard, you can accumulate and reconcile all your transactions, receive instant settlements, and set up an e-commerce storefront where your products and services are visible to your customers.

    Squad also offers an innovative soft POS feature called SquadPOS, which allows you to turn your mobile phone into a personal point-of-sale terminal to evolve and speed up your customers’ payment experiences in-store. With this tool, you can reduce hardware costs and customer wait times with the perfect contactless payment solution through any Android device that suits your needs.

    · Super easy to use: With our seamless interface, you can set up quickly and start accepting payments in 15 minutes. Squad’s APIs are uncomplicated to integrate into your website and are currently optimizable with WordPress, Shopify, Wix and Drupal.

    Start accepting payments on Squad

    · Affordable, yet best-in-class: We keep fees at the minimum and are honest about our pricing. Set-up costs are free, with the fees per transaction capped at N1,500 irrespective of the value. Local transactions via payment links attract a 1% charge only, and international transactions, 3.5% — some of the lowest rates in the market today. By reducing our prices, we trust that businesses can allocate more of their finances towards other facets of their operations.

    Squad’s pricing

    · Keeps your funds secure: We are deeply committed to safeguarding the funds of our customers from malicious actors, and we achieve this through the activation layers of security measures such as KYC verification, real-time monitoring, and advanced data privacy tools.

    · Offers your customers a choice: With payments today, it is safe to say that one size does not fit all. Customers now have more ways to pay than ever before. With an all-in-one payment solution like Squad, your business is well-positioned to offer customers the right payment mix that suits their various needs and preferences. In so doing, you elevate your customers’ payment experience and prevent them from moving to a competitor that offers flexibility.

    · Never miss a sale ever again: That’s right! From our e-commerce storefront feature to accessible payment links, virtual accounts, USSD, and SquadPOS — every product under our suite were created to ensure that you meet your customers’ payment needs at every channel — online, in-store, anytime and anywhere.

    Get to know about our different products:

    · Payment links

    · SquadPOS

    · USSD

    · E-commerce

    · Virtual Accounts

    · VAS

    Ready to get started with Squad?

    Say less! Visit our website at https://squadco.com/ to create a free account. Fill in your details and get started immediately. You do not need to be a registered business to sign up or receive payments.

    Interested in finding out more about these products? Contact us via email — at help@squadco.com and stay glued to @OfficialSquadCo on all platforms for more information.

  • Rite Foods Ltd Expands Product Portfolio, Launches Sosa Fruit Drink

    Rite Foods Ltd Expands Product Portfolio, Launches Sosa Fruit Drink

    In its commitment to producing quality and refreshing products that appeal to consumers’ tastes, preferences and utmost satisfaction, Rite Foods Limited, Nigeria’s leading manufacturer of carbonated soft drinks, energy drinks, and sausages have expanded its product portfolio with the launch of a new range of refreshing fruit drink, Sosa Fruit Drink.

    Sosa Fruit Drink is available in five flavours – OrangeAppleOrange Passion and MangoMixed Berries, and Cranberry, with a refreshingly unique taste that is SOoo smooth. They are available for consumers in 35cl and 1-litre packs.

    Speaking on the launch, Mr. Seleem Adegunwa, Managing Director, Rite Foods Limited, said that the Truly World-class and Proudly Nigerian company’s fast strategy on innovation prompted the introduction of the Sosa fruit drink to meet customers’ demands.

    According to him, his company’s commitment to its consumers’ satisfaction remains unmatched, as it continuously ensures it produces premium quality products that meet consumers’ needs in a manner that reflects positively on the business and the market.

    “Our values of innovation and excellence at Rite Foods Ltd help us to remain committed to growing with the consumers’ tastes through our unique selling proposition. This is evident in our new range of Sosa fruit drink products, its quality, package, sizing as well as pricing, all of which are produced with state-of-the-art infrastructure and up-to-the-minute technology to delight and refresh consumers all over the world”, Adegunwa said.

    The Rite Foods’ boss further affirmed that the consumer-centric company has its customers at the core of its mission, hence its range of products caters to the needs of different age demography in the market.

    In her remark, Boluwatife Adedugbe, Brand Manager, Beverage and Bakery, Rite Foods Ltd, buttressed that the Sosa Fruit Drink is an exceptional brand that guarantees the highest quality products for consumers’ refreshment. She also posits that the company is excited to offer consumers the new range of Sosa fruit drinks that delivers the ultimate refreshment.

    Rite Foods Limited manufactures under high ethical standards and hygienic conditions to produce quality products that are fit for consumption. With the introduction of Sosa fruit drink to the market, we have again proven to be a market leader in the FMCG sector by giving value to communities and consumers with the production of refreshing and quality products, but also operating at the highest operational standards on the continent.

     The company’s products have emerged at the heart of innovation, quality, and excellence, which it continues to ride on to ensure it offers consumers the quality satisfaction they deserve.

    Rite Foods’ product line includes the Bigi soft drink with 13 variants such as the Bigi Cola, Bigi Zero Cola, Bigi Orange, Bigi Apple, Bigi Bitter Lemon, Bigi Soda Water, Bigi Lemon & Lime, Bigi Tropical, Bigi Chapman, Bigi Tamarind, Bigi Cherry Cola, Bigi Ginger Lemon, and the Bigi Ginger Ale.

    Other products comprise the Rite Spicy, Bigi Beef, and Rite Sausages which have been the mark of excellence for the industry, while its Bigi Premium Table Water, produced with global best practices in purification, offers quality, freshness, confidence, and reliability.

    Established in 2007 as a subsidiary of Ess-Ay Holdings, Rite Foods’ inventiveness has earned high recognition in the energy drinks market with the first-ever packaged polyethylene terephthalate (PET) bottle brands for the Fearless Red Berry and Fearless Classic.

  • Rent-In-Lekki Offers Innovative Solutions to Housing in Lagos

    Rent-In-Lekki Offers Innovative Solutions to Housing in Lagos

    As part of its contribution to society, Rent-In-Lekki, an online platform driven by trust, reliability and transparency recently unveiled an innovative solution for aspiring rentals within the Lekki axis. It is a subscription based community where upscale renters can connect with professional and vetted agents in Lagos.

    The platform provides a simple, quick and reliable customized offering to individuals, dedicated teams and organizations with daily listings of fresh properties on every click. Rent-In-Lekki also has features like quick rentals, flat-mate corner and a thrift store where customers can buy or sell used furniture or appliances in real-time.

    During a chat with the Chief Executive Officer, Rent-In-Lekki, Mr. Yemi Akodu said, “Our platform was born out of a personal experience and challenge as we strongly believe it will serve as a cutting-edge solution for a growing cosmopolitan city like Lagos”.

    Since 2020, we have listed over 1000 houses and assisted several clients to secure affordable business and comfortable residential locations using our community and enterprise based solutions, he noted.

    In the words of Mrs. Ruth Williams, a recent customer who got her new apartment through the platform, “I had a good experience with the services that were rendered and was able to get a place within my budget which was very important. Rent in Lekki is great”.

    Furthermore, Miss Louisa Ugbade, an agent on the platform also testified that the Rent-In-Lekki solution has helped her meet a lot of customers wanting to relocate or secure new locations, as she has no regrets about joining the platform.

    To join the online community, intending renters with a budget or specific need can sign-up for a fee, after which they get lifetime access into an exclusive Telegram group via @Rent_in_Lekki on Instagram to view different properties and book inspections. 

    Rent-In-Lekki was founded in 2020 as a one-stop center, offering fast customer services to real estate challenges with transaction validations to resolve payment concerns and issues. The platform also ensures customers deal with the best network of agents with enhanced transparency, professionalism and trust.

  • Gombe State, Simba TVS Partner to Empower Residents

    Gombe State, Simba TVS Partner to Empower Residents

    …Boost local transportation with 1000 TVS Keke 

    The Gombe state government has commenced moves to improve last-mile transportation in the state, with the introduction of 1000 TVS tricycles which would ease local passenger commute and thus improve the lives of the people of Gombe state.

    The state government had selected Simba TVS, the foremost motorcycle and tricycle company, to supply 1000 units of the TVS King deluxe tricycles (Keke), based on the company’s high-quality products, and spares availability across the country, and their reputation for best-in-class service.

    Mr. Mahendra Pratap, the Business Head of Simba TVS, who was at the Vehicle handover ceremony at the Pantami stadium in Gombe, commended the State Governor, Alhaji Mohammed Inuwa Yahaya, for his visionary foresight and astute commitment to resolving the challenges of last-mile transportation and impacting positively on the fortunes of the people in the state. He revealed that Simba TVS was selected due to the brand’s reliability, trustworthiness and commitment to quality service adding that TVS brands were widely accepted across the country. 

    According to him, “Gombe state government trusted Simba TVS to provide 1000 units of the TVS King Deluxe to enhance last-mile transportation in the state, and we have done just that to demonstrate our commitment and vision. The TVS King Deluxe is the most powerful 3-wheeler vehicle with the most durable engine in a Keke, stronger chassis and body, imbibing the best considerations for safety, comfort and convenience, and of course, our Keke comes with 12 months warranty.”

    He noted that the impact of the addition of 1000 units of TVS 3-wheelers into the transportation infrastructure of Gombe state is very significant as this is expected to empower residents, boost productivity and generate massive socio-economic ripple-effect. 

    “We are convinced that the distribution of the TVS King Deluxe, as part of the Alhaji Yahaya administration’s projects in the transportation sector, will alleviate the challenges of last-mile transportation, provide employment and technical skill development opportunities for the youths, while also accelerating the pace of economic growth in the state,” he said.

    Regarding continuous support for customers, he revealed that Simba TVS provides a range of after-sales and support services, which is not only limited to a 12-month warranty (on the vehicle engine and indicated parts) but also include easy access to genuine spare parts, vehicle coupling training/ service, and Rider safety training. Other benefits could include basic vehicle maintenance training, advanced training for technical manpower development/ skill enhancement, and basic transport business management training. 

    He stated that in affirmation of the brand’s avowed commitment to nation-building, Simba TVS will continue to seek opportunities to expand partnerships with major stakeholders such as governments and their agencies, corporate organisations, financial institutions across the country.

    In Gombe State, Simba TVS is looking to establish fully equipped, company-run workshops along with supporting local mechanics and spares dealers in various parts of the state that will be focused on the development and enhancement of the support infrastructure: spares, technical services and engine oil.

    Taiwo Damilola, Divisional Head of Marketing, Simba TVS, remarked that Simba TVS has in the past invested in numerous CSR initiatives focused on social/economic empowerment and human capital development. The firm will continue to roll out more initiatives in line with this vision and belief based on its understanding of the evolving challenges within the country.

    The state governor at the launch ceremony on Wednesday, March 30, 2022, took a ceremonial ride in a TVS King Deluxe and expressed excitement at the performance of the vehicle. The state government has since begun the hand-over of the vehicles to beneficiaries from across the state.