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New Survey Finds Frequent Power Outages a Major Constraint for Nigerian Tech Entrepreneurs
November 12, 2019 | 0 Comments

The average Nigerian tech firm faces 30+ power outages per month, according to a new survey

WASHINGTON – Nigeria’s young tech sector faces a major hurdle in an unreliable power supply, with the average tech firm reporting 30+ power outages per month, according to a major new survey of the country’s tech sector by the Center for Global Development and the ONE Campaign.

The survey covered 93 tech firms, which encompasses the majority of Nigeria’s tech industry. Firms were asked about a range of potential business obstacles, including access to credit and electricity, corruption, taxation, the legal system, and more. Political instability, access to finance, and reliable power were the most severe constraints, according to respondents.

Nigeria is becoming a major African destination for tech investment, driven in part by a large, well-connected population, but the survey raises concerns about the fundamentals of the business environment tech entrepreneurs have to operate in.

“Everyone is talking about 5G access or startup accelerators, but we found Nigeria’s tech industry is struggling with much more basic problems, like unreliable electricity. The firms we talked to are dealing with dozens of power outages per month. That’s hard for any business, and especially for a technology company,” said Vijaya Ramachandran, one of the authors of the report and a senior fellow at the Center for Global Development.

“Basically, Nigeria’s 21st century economy is being held back by a very 20th century problem: lack of power,” she said.

Some of the survey findings:

  • 57% of tech firms surveyed said reliable access to power was a “major” or “severe” obstacle to their business.
  • 53 of the tech firms surveyed reported 30+ outages, and another 22 reported more than 20 outages per month.
  • A typical power outage was 2-3 hours for most firms, although for a significant group (about 15%), the lights usually stay off for 5 or more hours at a time.
  • A third of firms surveyed report losing more than 20% of their sales due to power outages.

“We know that unreliable power is a huge issue across Nigeria, and now we have data on just how badly outages are affecting technology companies. Big Silicon Valley investments and government-sponsored tech hubs can be helpful, but Nigeria needs to get the basic business environment right first. That means providing the energy infrastructure all businesses need to flourish,” Ramachandran said.

The full report of survey findings is available at https://www.cgdev.org/reader/new-economy-africa-opportunities-nigerias-emerging-technology-sector

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Gambian Upbeat As Scorpions Open Afcon 2021 Campaign
November 12, 2019 | 0 Comments

By Bakary Ceesay

Coach Tom Saintfiet

Gambia Scorpions are back in contention for a place at the Total Africa Cup of Nations 2021 in Cameroon as they prepare for the opening of qualifying campaign when they face off Angola’s Palancas Negras on Wednesday 13th November, 2019 in Luanda.

Having named his final list of Scorpions Squad for both the away and home legs, Head Coach Tom Saintfiet is never short of confidence on his charges. “I think we have a strong squad, there are lot of choices for me as a coach to make. We have lot of good players, and I’m sure we will be ready to make it difficult for our opponents and gain some points”, he said shortly before flying out to Luanda.

The Belgian added though that he expect very difficult games but believe his team can cope with the pressure of being the underdogs. “We are playing out against two strong opponents Angola and DR Congo. We are 166 on the FIFA Ranking, Angola is 120 and DR Congo is 54″.

He said both teams are usual participants at the Afcon, however ” We have learnt a lot from our previous games against Angola and Djibouti because we saw some strength and qualities of our players”.

Reacting to Gambia’s home games, the ‘Saint” posited that the Scorpions deserve more hence ” we will be the favorites in Banjul and so we have to believe in ourselves and get something in Angola in the first and away leg although naturally they too will be the favorites to play at home”.

He said DR Congo game at home in the Gambia could be the Gambia’s best game to collect maximum points. The Belgian tactician noted that been underdogs in the Group does not mean that the Gambia cannot push further.

The game will be amongst a host of Qualifiers on the continent and the Gambia will open its campaign to Angola on Wednesday 13th November 2019 at the 11th November Stadium in Luanda at 20:00hrs (19:00hrs ) in Banjul.

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Gambia: Defence Minister and CDS Nationwide Tour at Military Installations Underway
November 12, 2019 | 0 Comments

By Bakary Ceesay

The Minister of Defence Sheikh Omar Faye and the Chief of Defence Staff Gambia Armed Forces Lieutenant General Masanneh N Kinteh continue on their nationwide tour to Military installations in The Gambia.

The tour has started on in the North Bank Region on 29th October, 2019 following a trip to Njongon and Kerewan with the aimed to familiarize the Honourable Minister with GAF deployments and to have a first-hand impression of the current state of both living and working conditions of members of the Armed Forces and their families.

On 30th October, 2019 they visited Lamin Koto, Military installations to after engagements in Farafenni (2Bn) Headquarters.


The Honourable Minister has availed himself the opportunity to listen to the concerns of the troops at this location and had brief engagements with elders of the community as well.

On 5th November, 2019 the Minister of Defence Sheikh Omar Faye and the Chief of Defence Staff (GAF) Lieutenant General Masanneh N Kinteh paid a courtesy call on the Governor of Lower River Region (LRR) Madam Rohey John  after engagements with troops of the 3 Infantry Battalion (Basse) in Upper River Region.

 Earlier on, the Minister of Defence Sheikh Omar Faye on  6th September 2019 paid a courtesy call on the Chief of Defence Staff (CDS) Lieutenant General Masanneh N Kinteh at the Defence Headquarters in Banjul.

Mr. Faye was received by the Army Commander Brigadier General Mamat O Cham, Commander Gambia Navy, Directors, Senior and Junior Officers of the Defence Headquarters of the Gambia Armed Forces after receiving a splendid quarter guard mounted by the Guards Battalion personnel.

General Kinteh said apart from familiarising the Minister with their deployments, the other purpose of the tour is to see the working and living conditions of their troops and families as well as the challenges they have with their logistics.

The CDS added they are also doing the tour to gather facts and put them together in the form of a comprehensive report and find ways and means of tackling the problems they come across during the tour.

“We expect that it is going to be a much better outcome after the tour,” he said.

He said their first engagement they meet the Ghanaian contingents deployed as (ECOMIG) forces in The Gambia in the North Bank Region.

 Mr. Kinteh said they believe that as part of good practice and good governance, it is always necessary to be able to engage themselves at different levels of command so that they get to know plans.

“This is an opportunity where they can air their views and also an opportunity where we can transmit the message of the transformation agenda that we have for GAF”, said the CDS.

He said they had an opportunity to engage members of the communities and learn from them how the Army is doing their work and how they can advise them to serve them better.

Sheikh Omar Faye Defence Minister said his priority is to implement the security sector reform, ensure that The Gambia is a safe place and one of the best places in the world.

“We want the Gambia to stabilize and be peaceful so that there will be development,” he said.

He said ECOMIG are in The Gambia to help as they did in Liberian, Sudan, Darfur and other places.

“They are part of the system and globalized world,” he said

Mr. Faye said they are looking at the territorial integrity of the Gambia and that they are looking at everything to ensure that they update on their gains and make sure that Gambians are informed.

The tour is subsequently hope to continue to other similar locations throughout the country especially in the Greater Banjul area and West Coast Region.

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Gambia: Mai Fatty Calls on Barrow to step down
November 12, 2019 | 0 Comments

By Bakary Ceesay

Mai Ahmad Fatty, leader of Gambia Moral Congress (GMC) has stressed that President Adama Barrow failure to step down after three year coalition agreement led to the existing hiatus.

“I also affirmed GMC’s position on the 3yrs – 5yrs dilemma. I asserted that President Barrow should have respected his commitment to step down this year, as agreed, and making sure that elections could be conducted this year. His failure to do so, led to the existing hiatus. However, his 5yrs persistence is also supported by the Constitution,” he told journalists shortly after his returned from European tour. He visited Spain, France, Germany and Italy where he interact and discussed party policies and way forward for Gambia’s development with supporters.


He stressed that that if the 3yrs Jotna were to be denied permit to hold a peaceful protest, he will defend their constitutional right to peaceful protest in court at no cost to them.

The former interior minister GMC as an institution will not be part of such a protest. The law relied on by the President to keep his five years, is the same law that entitles three years Jotna to a peaceful protest and we will defend the principle.

Fatty, a lawyer cum politician noted that having thoroughly considered all of the relevant facts and circumstances, it is not realistic to hold elections this year. It has not been budgeted. IEC decided that no elections would be held. President Barrow cannot be forced to step down because his 5yr mandate is supported by the law.


The former adviser to President Barrow, pointed out that even if he were to step down, GMC will not support assumption of the highest office by an unelected Vice President under such pretext.

“The distorted laws governing elections have not changed, favouring the incumbent. It is not realistic to hold elections in December 2019. A political institution should not assume an unrealistic position simply to play to the gallery or because it is the politically correct thing to do. That is not the way we do politics,” he added.

He further stated that GMC as a political party expresses its deep disapproval of the manner President Barrow alienated the Coalition in his unilateral declaration of five years mandate without the courtesy to consult the Coalition in advance.

“I submitted this position publicly in the press a year ago, and this is an emphasis. We believe that the President Barrow should have personally engaged his partners before his infamous declaration at a political rally. This singular fact and grave error of judgment constitute an act of betrayal of the principles that created the Coalition, and seriously call into question the issue of integrity and moral propriety,”

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Gambia goes to ICJ to defend Rohingya Muslims
November 12, 2019 | 0 Comments

By Bakary Ceesay

Legal team
Legal Team

The Republic of The Gambia has filed today before the International Court of Justice (ICJ) in The Hague a lawsuit alleging that the Republic of the Union of Myanmar has violated its obligations under the 1948 Convention on the Prevention and Punishment of the Crime of Genocide for its genocidal actions against the Rohingya people, a Muslim minority that lives in Myanmar.

 Genocide is a crime under international law, and all States have an obligation to prevent, to punish, and to not commit genocide. Myanmar has failed in adhering to its obligations on all counts in its brutal treatment of the Rohingya, who have been subjected to wanton acts of violence and malicious degradation with the specific intent of State actors to destroy the Rohingya as a group.

 The Gambia has stepped forward, on behalf of the 57 Member States of the Organization of Islamic Cooperation, and with the mandate of the Organization, to hold Myanmar accountable for its genocidal crimes against the Rohingya.

This action asks the ICJ to adjudge and declare Myanmar to have violated its obligations under the Genocide Convention, to order Myanmar to cease and desist from its genocidal acts, to punish the perpetrators, and to provide reparations for the Rohingya victims.

 The Gambia has also asked the ICJ to impose Provisional Measures, as a matter of extreme urgency, to protect the Rohingya against further harm during the pendency of this case by ordering Myanmar to stop all of its genocidal conduct immediately. The Gambia calls on the international community to support its legal effort, and to redouble all diplomatic and political efforts to cause Myanmar to stop, and never to repeat, its genocide against the Rohingya, and to assist in efforts to ensure justice and accountability for the crimes committed against them.

Justice Minister handover the lawsuit
Justice Minister handover the lawsuit

 The Agent for The Gambia before the ICJ in this case, and head of its legal team, is H.E. Abubacarr Marie Tambadou, Attorney General and Minister of Justice of The Gambia. The Gambia has retained the services of Foley Hoag LLP, an international law firm with many years of experience representing States before the ICJ, as its counsel. The Gambia will also be represented by Professor Philippe Sands, of University College London, and Professor Payam Akhavan, of McGill University.

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Mozambique mourns the death of 50 Malian soldiers
November 12, 2019 | 0 Comments

By Arnaldo Cuamba

President Nyusi
President Nyusi

The Mozambican President, Filipe Nyusi, deplores the deaths of 50 Malawian soldiers, victims of terrorist acts perpetrated by the Islamic State jihadist group.

In a message of condolence to his counterpart in the Republic of Mali, Ibrahim Abobocar Keita, Nyusi says that these actions draw attention to the creation of efforts to eradicate the problem.

“We must establish a joint and coordinated mission to eradicate not only the demonstrations, but also the roots and the moral and material constituents of these heinous crimes,” Nyusi said in a note seen by Pan African Visions.

Mozambique has also been a victim of extremist attacks since October 2017. More than 400 people were killed by unknown armed men. The Islamic State has made some claims as did on Monday when the group claimed killing 8 Mozambique soldiers in an ambush in Cabo Delgado area.

According to the Mozambican president the joint mission is necessary as actions tend to spread in Africa and the world, creating a climate of instability, ungovernability and insecurity.

“They are crimes that threaten the dreams of progress and well-being” he said in a message that ends up addressing, on behalf of the Mozambican people and in his particular name, the “most heartfelt condolences “to the people and Government of Mali and, in particular, the families of murdered soldiers.

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Fifth “Bloomberg Africa Business Media Innovators” Forum Convenes in Senegal to Discuss How African Media Can Adapt to New Disruptive Forces
November 12, 2019 | 0 Comments
Mahammed Boun Abdallah Dionne, Minister of State and Secretary General of the Presidency of the Republic of Senegal
Mahammed Boun Abdallah Dionne, Minister of State and Secretary General of the Presidency of the Republic of Senegal

Follows the 2019 expansion of the Bloomberg financial journalism training program to five new markets, including Senegal

November 11, 2019, Dakar, Senegal— Media, technology, business, government and community leaders from across Africa and beyond gather in Dakar, Senegal, today for the fifth annual Bloomberg Africa Business Media Innovators forum (ABMI). Under the theme of ‘Business Strategies for African Media’, the forum will explore some of the most promising approaches to fostering a vibrant, competitive media sector on the continent.

At a time when media companies around the world are facing challenges such as competition utilizing new technologies, the spread of misinformation and, in some countries, decreasing press freedom, ABMI will explore how African media can navigate and adapt to the changing landscape. Co-hosted by Justin B. Smith, CEO, Bloomberg Media Group, and Matthew Winkler, Editor-in-Chief Emeritus, Bloomberg News, the forum will also address the contribution media organizations make toward enabling economic growth by providing accurate, data-driven reporting and analysis to citizens, business leaders, investors, and public officials.

“The economy in Senegal is becoming increasingly diversified, so it is important that journalism and the media sector continues to develop accordingly,” said Mr. Mahammed Boun Abdallah Dionne, Minister of State and Secretary-General of the Presidency of the Republic of Senegal, who opened today’s forum. “I am confident that the conversation taking place at the summit will help us continue to drive this growth forward.”

Speakers at this year’s forum include media owners, senior editors, investors, business leaders, government officials and community leaders from 20 countries across the continent and beyond, including: Mr. Amadou Mahtar Ba, Co-Founder and Executive Chairman, AllAfrica Global Media; Mr. James Bennet, Editor, New York Times; Dr. Phillip Clay, Former Chancellor, Massachusetts Institute of Technology; Ms. Kelly Conniff, Executive Editor, TIME; Mr. Sachin Kamdar, CEO, Parse.ly; Dr. Retha Langa, Deputy CEO, Africa Check; Mr. Nicolas Pompigne-Mognard, Founder and Chairman, APO Group; Ms. Thabile Ngwato, CEO, Newzroom Afrika; and Ms Louise Stuart, Mergers and Acquisitions Executive, Naspers Limited, among others.

Justin B. Smith, CEO, Bloomberg Media Group and Mahammed Boun Abdallah Dionne, Minister of State and Secretary General of the Presidency of the Republic of Senegal
Justin B. Smith, CEO, Bloomberg Media Group and Mahammed Boun Abdallah Dionne, Minister of State and Secretary General of the Presidency of the Republic of Senegal

“Advancements in technology, new competitors, growth of social media, and the increasing use of mobile devices are requiring media organizations across the globe to explore innovative strategies and build new business models,” said Justin B. Smith, CEO, Bloomberg Media Group. “Africa is home to countries with some of the highest expected growth rates in the global media and entertainment industries. I look forward to discussing the future of media with this community gathered at the forum.”

The latest edition of ABMI follows successful gatherings in Zambia, Ghana, Kenya and South Africa. The annual event is a component of the Bloomberg Media Initiative Africa (BMIA), a pan-African program launched by Michael R. Bloomberg in 2014 to strengthen media capacity, promote innovation in the sector and improve access to high-quality data and information on the continent.

In January 2019, BMIA announced the expansion of its Financial Journalism Training (FJT) program to five new markets: Senegal, Côte d’Ivoire, Tanzania, Ghana and Zambia. These markets follow Kenya, Nigeria and South Africa, where 652 delegates from 13 countries have graduated to date. This unique educational offering supports the advancement of financial journalism and contribute to economic development on the continent. Admittance to this event is on an invitation-only basis. For more information, please visit: http://www.bmia.org/innovators.

Follow the conversation online using #ABMI2019

For more information on BMIA please click here.

About the Bloomberg Africa Media Initiative (BMIA) Launched by Mike Bloomberg in South Africa in 2014, the Bloomberg Africa Media Initiative (BMIA) is a pan-Africa program designed to accelerate development of a globally competitive media and financial reporting industry as well as promote transparency, accountability and good governance in Africa and beyond. The initiative has four components: It provides cross-disciplinary educational programs to increase the number of highly trained business and financial journalists, as well as supports research to stimulate new media innovations, convene international leaders to promote interactive dialogue and build strong relationships to enhance the quality of financial coverage and the availability of reliable and timely data on the continent.

About Bloomberg Philanthropies Bloomberg Philanthropies works in 480 cities in more than 120 countries around the world to ensure better, longer lives for the greatest number of people. The organization focuses on five key areas for creating lasting change: Arts, Education, Environment, Government Innovation, and Public Health. Bloomberg Philanthropies encompasses all of Michael R. Bloomberg’s charitable activities, including his foundation and his personal giving. In 2018, Bloomberg Philanthropies distributed $767 million. For more information, please visit bloomberg.org or follow us on Facebook, Instagram, YouTube and Twitter.

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Africans Rising to launch people’s campaign
November 12, 2019 | 0 Comments

By Wallace Mawire

Africans Rising for Justice, Peace, and Dignity is launching a new campaign called ‘The People’s Campaign’,  that puts a spotlight on community challenges and triumphs throughout the African continent and all around the world.  

  It is reported that The People’s Campaign aims to bring together communities across the continent and in the diaspora through actions by mobilizing the masses to speak on the issues that jeopardize the well-being of every citizen on the African continent and deprive them of their right to live a prosperous life. 

The People’s Campaign intends to push for a unified front of actions on the continent with ‘ONE ACTION, ONE VOICE & ONE PEOPLE’.

 “We the people, civil society, organisations, movements, community leaders, scholars, intellectuals, artists, and activists have an obligation to shed light on the most important issues that stand against our freedoms and our right to pursue a life of sustainable peace, social justice and human dignity on the African continent and among Africans in the Diaspora,” Africans Rising said. 

   Africans Rising said that it encouraged organisations to get involved withThe People’s Campaign and stand for the pursuit of human dignity through teach-ins and forums, rallies, fundraisers, concerts and undertake online and offline activities to elevate the profile of the issues that matter the most to the continent.

  “Our first action in The People’s Campaign will be to host regional convenings in Nigeria and the DRC to discuss African youth in global development and we invite you to participate locally or online on Nov. 30. For more information about our upcoming events visit our Website and follow us on Facebook and Twitter,” they said. 

   As a part of The People’s Campaign, Africans Rising wants to hear directly from its members and remain accountable in their  work and  vision for the African continent.

  “Therefore we will be selecting mobilizers to implement activities for our grassroots organising in 2020. These selected leaders will work alongside our regional coordinators and participate in our mentorship program, where they can learn from some of the sharpest minds in organizing across the continent. We encourage you to nominate a mobilizer from your organization. In the following weeks, Africans Rising will announce the selected mobilizers who will join our mentorship initiative,” according to Africans Rising.

Africans Rising has a footprint in over 40 different countries on the African continent, a network of over 350 organisations across the continent, and continues to build partnerships with various entities and institutions that stand for peace, justice, humanity, and dignity.

 “With The People’s Campaign, we invite you to be a part of our large and growing network that offers our members a variety of opportunities to learn and develop through mentorship, leadership skills, media access, professional training, and an international platform. Join us today!” they said.

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Sixth Mozambique gas summit and exhibition opens Wednesday
November 12, 2019 | 0 Comments

By Wallace Mawire 

The National Hydrocarbons Company (ENH) and the events company CWC, from London, will host  the 6th edition of the Mozambique Gas Summit and  Exhibition at the Joaquim Chissano International Conference Centre, Maputo on 13 to 14 November.

 It is reported that the event will be officially opened by His Excellency Filipe Jacinto Nyussi, President of the Republic of Mozambique.

This 6th edition will address the key topic: “Post-FID Gas infrastructure development-Economic diversification-industrialisation.” 

  It is reported that High-level representatives from the global oil and gas industry are expected to attend the conference   from around 55 countries and over 50 speakers from different areas of the energy sector.

 The event is also hosting 130 exhibitors, representing the entire oil and gas value chain, as well as 700 attendees including national, from various levels and international delegates, representing a record attendance since this event began.

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African Energy Chamber and Organization of Petroleum Exporting Countries (OPEC) Discuss Technical Cooperation at Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC)
November 12, 2019 | 0 Comments
The Chamber will be assisting in the organization of an OPEC Technical Workshop in Dakar in early 2020
ABU DHABI, United Arab Emirates, November 12, 2019/ — A team of the African Energy Chamber (https://EnergyChamber.org/) led by Executive Chairman Nj Ayuk met with the Secretary General of the Organization of Petroleum Exporting Countries (OPEC) H.E. Mohammed Sanusi Barkindo today in Abu Dhabi. Both parties discussed the sharing of best industry practices and technical cooperation with new and upcoming African oil producers.

Given the increasing number of African producers who have rejoined OPEC, and the strong support of non-OPEC African nations for the Declaration of Cooperation, both parties agreed on the opportunity to strengthen the technical dialogue between OPEC and Africa.

In order to cement OPEC’s engagement with new and upcoming producers, the Chamber will be assisting in the organization of an OPEC Technical Workshop in Dakar in early 2020, which will be open to regional technicians from ministries and national oil companies. “As OPEC expands, it is important to open its technical meetings and workshops to non-member countries who could potentially join the Organization later,” explained Nj Ayuk, Executive Chairman at the African Energy Chamber and CEO of the Centurion Law Group.

H.E. Mohammed Sanusi Barkindo welcomed the initiative as a very timely one, insisting that now is the right time for countries such as Senegal to engage with OPEC and the global oil industry. “Such technical workshops can establish a framework for the long-term sharing of best industry practices for new African producers. They ultimately benefit the development of transparent and sustainable industries, this is good for Africa and Africans.”

*Africa Energy Chamber
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Interswitch and Visa enter into strategic partnership
November 12, 2019 | 0 Comments

  • Visa to acquire a significant minority equity stake in Interswitch
  • Partnership expected to expand the digital payments ecosystem across Africa, the world’s most underpenetrated market
  • Interswitch and Visa share a vision to drive financial inclusion across the African continent

(Tuesday 12th November, Nigeria): Interswitch Limited (“Interswitch” or the “Company”), a leading technology-driven company focused on the digitisation of payments in Nigeria and other countries in Africa, and Visa Inc. (“Visa”), the world leader in digital payments, today announced a strategic partnership that will further advance the digital payments ecosystem across Africa.

As part of the agreement, Visa will acquire a significant minority equity stake in Interswitch. The investment makes Interswitch one of the most valuable African FinTech businesses with a valuation of US$1 billion. Visa will join globally renowned investors, Helios Investment Partners, TA Associates and IFC, as shareholders in Interswitch, alongside Company management.  

Founded in 2002, Interswitch disrupted the traditional cash-based payments value chain in Nigeria by introducing electronic payments processing and switching services. Today, Interswitch is a leading player in Nigeria’s developing financial ecosystem with omni-channel capabilities across the payments value chain, processing over 500 million transactions per month in May 2019.

In 2018, electronic payments in Africa accounted for only 12 per cent of transactions by volume, compared to 54 per cent in Europe and 79 per cent in North America. Sub-Saharan Africa is the fastest-growing digital payments market in the world, with electronic payment volume expected to grow at a CAGR of approximately 35 per cent from 2018 to 2023 in the region (excluding South Africa). This progress is expected to be driven by the deepening payments infrastructure, population and urbanisation growth, GDP growth above the global average, increased mobile and internet penetration, as well as a supportive regulatory landscape for electronic payments and financial inclusion.

Interswitch’s core market, Nigeria, is the largest economy in Africa with a rapidly growing electronic payments market. Point of sale (“POS”) and ATM transactions per adult grew at a CAGR of 94 per cent and 59 per cent from 2013 to 2018, respectively. In Nigeria, there were only 11 card transactions per adult per annum in 2018 compared to 92 in markets like South Africa, 126 in Brazil and 465 in the UK. Despite this market under-penetration, POS card transactions in Nigeria are expected to grow at a CAGR of 63 per cent between 2018 and 2023.

In addition to its switching and processing services, Interswitch owns Verve, the largest domestic debit card scheme in Africa with more than 19 million cards activated on its network as of May 2019. The business also operates Quickteller, a leading multichannel consumer payments platform, driving financial inclusion across Nigeria with over 270,000 access points, as of 2018, from which consumers can initiate peer-to-peer transfers, bill payments, airtime purchases, and other e-commerce transactions, processing over 42 million transactions monthly as of 31 July 2019 (equivalent to over NGN560 billion (US$1.5 billion) through direct, indirect and Paypoint channels). Interswitch’s unique market capabilities and strong consumer proposition, has enabled it to deliver consecutive years of sustainable profitable growth.

The partnership will create an instant acceptance network across Africa to benefit consumers and merchants and facilitate greater connectivity for communities. Both parties will also retain their respective independent solutions, and Interswitch will retain its scheme neutral strategy.

Mitchell Elegbe, Founder and Chief Executive of Interswitch, said; “Sub-Saharan Africa is the fastest growing payments market in the world, with growth driven by a young and dynamic population, rapidly evolving consumer behaviour, and an increasing desire for payment solutions that can be accepted across the continent and abroad. I am delighted that Interswitch has formed a partnership with Visa, with whom we plan to drive the next phase of transformation in the African payments landscape.

Andrew Torre, Regional President CEMEA, Visa, said; “Africa is a priority region for us, and we continually seek strategic partnerships with local players to further strengthen our leadership position and enhance the payments ecosystem across the continent. This partnership aligns with our global strategy to work with and invest in innovative partners, and we look forward to working with Interswitch to provide new consumer and merchant experiences and support the rapid growth of digital commerce across Africa.”

Babatunde Soyoye, Helios’s co-founder and Managing Partner, added, “A strategic investment by Visa, the world’s leader in digital payments, into Interswitch is a substantial endorsement of the Company’s expertise in African payments. As an active investor in leading African payments businesses, we see tremendous opportunities to digitise payments across the continent and have worked closely with Interswitch’s management team to build a high quality and scalable platform geared to address some of these opportunities. We look forward to further collaboration with the Company alongside Visa.” 

The transaction is subject to the relevant regulatory approvals and is expected to close by Q1 2020.

FT Partners acted as exclusive strategic and financial advisor to Interswitch on this transaction.

Enquiries

Interswitch Group Marketing & Corporate Communications Cherry Eromosele, Enyioma Anaba, Tomi Ogunlesi   +234 1 6283888 Ext 1253 gmcc@interswitchgroup.com  
International public relations adviser to Interswitch Smithfield, A Daniel J Edelman Company John Kiely, Charles Harrison, George Yeomans   +44 20 3047 4228 Interswitch@edelman.com
Nigeria public relations adviser to Interswitch Vaerdi Oluyemisi Lanre-Phillips, Rob Newman +234 909 888 2196 Interswitch@Vaerdi.org
Visa Global Corporate Communications Shannon Reed   Corporate Communications Nigeria Niyi Adebiyi +1 650.432.2990 press@visa.com   +234 816 6109761 dadebiyi@visa.com
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Senegalese Police Major, Seynabou Diouf is UN Female Police Officer of the Year
November 12, 2019 | 0 Comments

By Amos Fofung

Major Seynabou Diouf, has been awarded the 2019 female police officer of the year for her “exemplary service, which has a direct and positive impact on the community and the Congolese national police.”

She currently leads a task force that helps to prevent and end sexual exploitation and abuse with the UN Organization Stabilization Mission in the DRC.

Major Seynabou Diouf of the Senegal National Police was selected as the 2019 United Nations Female Police Officer of the Year after been handpick from a competitive list of 30.

She is set to receive her award during the 14th United Nations Police Week after an outstanding career serving with the United Nations-African Union Mission in Darfur (UNAMID) and the United Nations Multidimensional Integrated Stabilization Mission in Mali (MINUSMA.

At the national level, her experience spans 33 years with the Senegal National Police which also happens to be the largest contributor of police to UN peace operations and is among the top five contributors of female police officers.

 An inspiration to dozens across Africa, Diouf became the first female police officer in her country to be honored as a ‘Gardien de la Paix’ or ‘Guardian of peace’ an accolade previously reserved for male officers.

Established in 2011, the United Nations Female Police Officer of the Year award seeks to recognize exceptional contributions of female police officers to UN peacekeeping and to promote the empowerment of women.

Previous recipients have been; Ghanaian police officer Phyllis Osei (2018), Assistant Inspector of Police Annah Chota from Zimbabwe (2017) and Police Superintendent Yvette Boni Zombre from Burkina Faso (2016).

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