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Daar Communications is Africa’s pride – Ndukwe

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Executive vice chairman of the Nigerian Communications Commission (NCC) Engr. Ernest Ndukwe last week in Abuja, said the vision and innovativeness of the broadcast giant, Daar Communications must be encouraged as the company has become the pride of Africa in the broadcast and communications industry.

Ndukwe who paid a courtesy call to the chairman of Daar Communications Plc, High Chief Aleogho Dokpesi at the Gbaduma Hills Headquarters of the organization, was particularly impressed with the Daarsat pay television initiative of the company which he said is a major milestone that would project Nigeria and the African continent to the world in terms of opening up competition in the market and exportation of local content.

He said Daar Communications has blazed the trail in the communications and broadcast sector, and has despite the challenges, remained focused, mobilizing a hardworking team, and has achieved success which is a big plus for the Nigerian nation.

"Your initiatives would also encourage technology transfer which is very critical to our development and I can only congratulate Daar Communications for its vision, doggedness, and efforts. We believe your efforts today have given hope for the future and we wish to encourage you to continue to do your best," Ndukwe said

Ndukwe who was accompanied in the visit by the executive commissioner, Licensing and Consumer Affairs, Engr. Stephen Bello, and other top officials of the Commission, said the NCC would continue to support Daar Communications in whatever ways possible to ensure that it realizes its aspiration and vision which has since provided the benchmark for the transformation in the Nigerian broadcast sector.

He said the Commission would seek areas of cooperation with Daar Communications, especially in areas of capacity building through the Digital Bridge Institute, DBI, the ICT training institute established by the NCC.

Dokpesi, who took Ndukwe round the complex for inspection of several installations, expressed gratitude to the Commission for facilitating some of its relationships with the international satellite companies for the delivery of signals across the world.

He said the visit of NCC’s boss to Daar Communications is an encouragement to the organisation, and urged the Commission to continue with the direction that has transformed the telecom sector for the benefit of the country.

Dokpesi, who was joined by elder statesman, Ambassador Segun Olusola to receive Ndukwe said the new initiatives by the company would bring the era of ‘one way traffic,’ which is downloading broadcast signals into the country to a close, as it will now usher an era of uploading broadcast signals from Nigerian to other parts of the country.

 

Newgate Holds IT Training for Children

 

Newgate Medical Services Limited has provided ICT training for children of its customers in Ikorodu, as part of its way of giving back to the society.

Olufemi Boyede, chairman, Board of Directors, said at the commencement of the programme that the gesture was to give back to those who have patronized the company over time.

He said his company did not only go into business to make profit but also to put smiles on the faces of the good people of Ikorodu, owing to the fact that it is a medical services provider.

Dr. Ojo Sikiru Olubayo, medical director of the company, said Newgate is an IT-driven organization.

"Most of our consultations and prescriptions are done online. While we are interviewing candidates for employment, we realized that most of the candidates were deficient in the computer knowledge, so we decided that if we should make the populace aware of the usefulness of Information Technology, they should start from somewhere. That was why we decided to set up a project tagged: Computer Awareness Training Seminar, basically for the children of our clients."

Some of the participants said they were happy about the programme as it had offered them the opportunity to learn how to use the computer.

 

 


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Detained Binance executive drags EFCC, NSA to court

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Binance executive Tigran Gambaryan has has dragged the National Security Adviser Nuhu Ribadu and the Economic Financial Crimes Commission (EFCC), to court alleging violations of his fundamental rights.

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In a filing dated March 18 and presented by his lawyer Olujoke Aliyu from Aluko and Oyebode Law Firm, Gambaryan sought redress before Justice Inyang Ekwo, requesting five reliefs. Similarly, Nadeem Anjarwalla, Binance’s Africa regional manager who escaped custody on March 22, initiated a separate suit before Justice Ekwo.

Gambaryan and Anjarwalla, in the suits marked: FHC/ABJ/CS/356/24 and FHC/ABJ/CS/355/24, had sued the Office of NSA (ONSA) and EFCC as 1st and 2nd respondents.

Gambaryan, a US citizen overseeing financial crime compliance at the crypto exchange platform, alleged that his detention and the confiscation of his international travel passport violated Section 35 (1) and (4) of the 1999 Constitution, constituting a breach of his fundamental right to personal liberty. He further requested the court to order his immediate release and the return of his passport. Additionally, he sought an injunction preventing further detention related to any Binance investigations and demanded a public apology from the respondents, along with costs incurred.

Gambaryan stated that he visited Nigeria on February 26 alongside Nadeem Anjarwalla, representing Binance, in response to invitations from ONSA and EFCC. Despite attending the meeting as requested, both were detained afterward without formal charges.

During the court proceedings, T.J. Krukrubo, SAN, representing Anjarwalla and Gambaryan, informed the court of the respondents’ absence despite being served. Krukrubo also mentioned their notice of withdrawal of legal representation for Anjarwalla, filed on March 26.

Justice Ekwo noted the withdrawal of legal representation and adjourned the matter to April 8 to allow the applicants to seek new representation and give the respondents an opportunity to appear.

In Gambaryan’s case, Krukrubo stated that although the processes were served on ONSA and EFCC, they still had time to respond. He requested an adjournment, indicating that the respondents’ deadline to file their applications would expire the following week.

Consequently, Justice Ekwo scheduled the next hearing for April 8 to continue proceedings.


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AXA Mansard Empowers Female SMEs with Financial, Digital Skills

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AXA Mansard, a member of AXA has empowered 200 female Small and Medium Enterprises with financial literacy and digital business skills.

In collaboration with SME 100 Africa, the two-day training, which was held in Lagos, is part of AXA’s lined-up programmes to commemorate this year’s International Women’s Day.

Speaking, Olusesan Ogunyooye, Head of Marketing AXA Mansard, said the training was aimed to empower female SME owners with skills to improve business output and position them for the increasing economic opportunities available in an increasingly digital marketplace.

Ogunyooye noted that the move was in line with AXA Mansard’s sustainability agenda, explaining that the company was convinced that support for women through its inclusive protection programmes was pivotal to its purpose of acting for human progress by protecting what matters and its mission of moving from being a payer to a partner.

He further said that focusing on digital skills was important because the company realised the importance of digital skills to the growth of the SME sector in Nigeria and wants to ensure that women were empowered enough to be a consequential part of that growth.

“It’s almost trite to say that SMEs are the engine for economic growth, especially in developing countries like Nigeria, where over 45 million adults are business owners. What needs to be continually discussed is how Nigeria is going to unlock that potential for economic development and how much of that potential will be unlocked by women and for women.”

“For us at AXA Mansard, we are aware that digital will play a major role in unlocking these current opportunities and Nigeria’s economic future. So, to ensure that women are equally represented in unlocking these future potentials, that’s why we have collaborated with SME 100 Africa to support them in developing the required skills”.

“Our choice of digital and financial literacy skills is deliberate. We understand the power of the duo. We understand that helping these SMEs with the skills to attract more customers will be a faster means to empower them.

“We see that they have amazing products and services, but they need to understand how to attract value for themselves by attracting the right customers, and you will agree with me that virtually all customer segments are online in one way or another today.

“So, if we can empower them with digital business skills, we would have helped them with the heavy lifting of trying to find and attract customers”. Ogunyooye explained.

According to him, AXA Mansard believes that for the world to experience progress truly, there must be an equitable distribution of creation and access to opportunities for men and women. This quest for balance informed the SHE for Shield initiative, a women-centred inclusive protection programme of AXA Mansard.

SHE for Shield is a group of initiatives designed for the Nigerian woman. The goal is to see them grow, add value, and help them mitigate risks at every step.

According to the company, research has found that access to health care is one of the most important things to Nigerian women, regardless of their economic segment. They desire to be financially independent, secure, and respected in the community.

 


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IFC Invests in New 4DX Ventures Fund to Support Tech Startups in Africa

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IFC is investing $10.5 million in a new fund by 4DX Ventures, a New York-based venture capital firm focused on supporting early-stage African technology companies across a broad set of sectors, including fintech, e-commerce, edtech, climate tech, and health tech.

IFC’s investment in 4DX Ventures Fund III will come from IFC’s $225 million venture capital platform, which was launched last year to strengthen emerging VC ecosystems and invest in early-stage companies in Africa, the Middle East, Central Asia, and Pakistan.

Africa is among the regions least served by venture capital, receiving just 2% of global venture deal volume in the third quarter of 2023. Access to capital on the continent has been further exacerbated by a slowdown in global venture capital investment.

Tech ecosystems are nascent, or even nonexistent, outside of more established markets such as Egypt, Kenya, Nigeria, Senegal, and South Africa.

“IFC and 4DX Ventures share the commitment to supporting tech entrepreneurs with innovations that will help Africa leapfrog in critical areas such as climate, health care, fintech, e-commerce, and education,” said Walter Baddoo, Co-Founder and General Partner of 4DX Ventures.

“We look forward to partnering with IFC to help promising tech startups build transformative businesses and realize sustainable development impact on the continent.”

4DX’s new fund will invest in companies with tech solutions that can improve productivity, efficiency and competitiveness across Africa. The firm’s first two funds invested in companies such as Egypt-based e-commerce platform MaxAB, an IFC portfolio company; Ghana-based health tech firm mPharma; and Kenya-based B2B e-commerce platform Wasoko, formerly known as Sokowatch.

“By supporting the development of tech ecosystems in emerging markets, IFC’s venture capital platform aims to improve access to key services, boost business competitiveness, and promote job creation through digital transformation,” said Mohamed Gouled, Vice President of Industries at IFC.

“Our investment in venture funds such as 4DX Ventures will help African entrepreneurs access more financing and resources they need to scale tech innovations and bolster sustainable growth across the continent.

In addition to providing capital, IFC will work with 4DX Ventures to implement their environmental and social management system.


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