E-Business
Africa Prepares to Become World’s First Cloud-native Continent
Standard Bank and Amazon Web Services (AWS) have expanded their strategic relationship and announced the intention to build an African Innovation Lab – an incubator and accelerator of large-scale innovation projects and new business models “that deliver exceptional client experiences and have the potential to accelerate Africa’s economic development.”
The collaboration builds on a three-year relationship that has seen the establishment of the AWS Cloud Centre of Excellence within Standard Bank, featuring a dedicated team focused on facilitating the migration to the cloud and building AWS training and certification programs to up-skill all employees.
Standard Bank selected AWS in 2019 as a preferred cloud provider to migrate production workloads, including its customer facing platforms and strategic core banking applications, to the cloud.
Standard Bank Group continues to use AWS services, including data analytics and machine learning, to automate financial operations and enhance existing applications, and develop new and more personalised banking and investment experiences.
Sim Tshabalala, Standard Bank Group CEO says, “Innovation is one of the key pillars supporting Standard Bank’s strategy of transforming from a traditional financial services company into a digital platform company. The ability to pilot new services and solutions in one market, and scale rapidly across others is especially relevant for a company with a footprint as broad and diverse as ours.
“The speed and scale of continuous innovation enabled by the collaboration with AWS allows us to develop new services using the latest technologies and mobile services to meet evolving client needs and deliver frictionless personalised customer experiences.”
The strategic collaboration will result in the Bank investing further in the power and scale of AWS to drive competitive differentiation, with the agility and resilience needed to quickly respond to market changes and customer needs.
The financial group cites AWS’s broad and deep portfolio of cloud technology services, and unmatched commitment to security excellence within the financial services sector as reasons why the Group chose AWS as its preferred cloud provider.
The Chief Executives and senior leaders from Standard Bank, AWS and Amazon met earlier this year in an Executive Visioning session to discuss shared areas of interest to jointly develop. One such initiative aspires to develop young Africans’ digital skills to help train Artificial Intelligence and Machine Learning algorithms for African use cases that will benefit our respective customers.
“Africa could become the world’s first cloud-native continent, and for Standard Bank Group to realise its platform ambitions whilst remaining a leader in African financial services, we recognise we need to adopt a cloud-first approach to our business.
The combination of AWS’s passion for invention, long-term thinking and operational excellence, combined with Standard Bank’s customer obsession and desire to constantly innovate, will allow us to build Africa’s financial services organisation of the future and to be positioned as more than a bank,” adds Tshabalala.
Frank Fallon, Vice President of Financial Services at AWS says: “Since 2019, Standard Bank Group and AWS have worked together to explore new avenues to innovate, maintain operational excellence, and deliver secure banking services to customers around the world.
When companies build on AWS, they gain access to AWS’s unparalleled experience in powering global financial institutions and the deepest and broadest suite of cloud services to accelerate growth. As one of the largest financial institutions in Africa, we are pleased to continue working with Standard Bank, and we look forward to helping the Bank innovate to meet the needs of tomorrow.”
E-Business
NDPC to Impose Heavy Fines on Defaulting Data Processors, Controllers this Year
Nigeria Data Protection Commission (NDPC) has announced plans to significantly ramp up enforcement and impose substantial fines on data controllers and processors that violate the Nigeria Data Protection Act (NDPA) of 2023.
This was disclosed by Dr Vincent Olatunji, national commissioner/CEO of the Commission, in a video message outlining the Commission’s 2025 agenda, shared on the agency’s social media platforms.
A statement issued by the Communications Division of the Commission on Friday quoted Dr Olatunji as saying that, “For data controllers and processors, there is going to be massive enforcement. We have never really issued any fine, but going forward, you’ll hear us giving heavy penalties.”
He assured Nigerians that their data rights, as guaranteed by the NDPA, will be fully protected, and defaulting data controllers and processors will face strict consequences.
The Commissioner highlighted the NDPC’s extensive engagements with stakeholders across public and private sectors to promote awareness and compliance with the Commission’s mandate.
The efforts, he said, have resulted in the signing of Memorandums of Understanding (MOUs) with key organisations, including the National Insurance Commission (NAICOM), National Lottery Regulatory Commission (NLRC), the Data Privacy Office of Canada, and the Dubai International Financial Centre Authority (DIFC), among others.
Dr Olatunji also shared that the NDPC will advance to the second phase of its Strategic Roadmap and Action Plan (NDP-SRAP 2023-2027) in 2025.
This phase is expected to create job opportunities within Nigeria’s data protection and privacy ecosystem, particularly for young people.
The Commission has been actively training Nigerians in data protection and privacy, creating a pool of globally competitive experts within the data protection sector in 2025.
“There are a lot of data controllers and processors that are looking for people to work with them. Now those that we have trained in 2024, those we have certified, we are going to do more this year to actually launch them to the job market where they can really work with data controllers and processors,” he said.
Additionally, the NDPC will continue nationwide efforts to promote data protection awareness.
The Commission aims to educate citizens about their rights and the importance of data privacy while reminding data controllers and processors of their obligations under the NDP Act.
Dr Olatunji emphasised that these initiatives are part of the broader goal to embed a culture of data protection and privacy in Nigeria.
As part of its international engagement efforts, Nigeria will host the “Network of African Data Protection Authorities Conference” in May 2025, with over 40 nations with existing data protection laws expected to attend.
According to Dr Olatunji, this global event will position Nigeria as a leader in the data protection ecosystem, and bring significant economic benefits to the country.
The NDPC reiterated its commitment to ensuring data protection and privacy become integral to Nigeria’s digital landscape, building trust and fostering economic growth, the statement added.
E-Business
NIPOST Reports 275 Percent Revenue Growth in 2024
Nigeria Postal Service (NIPOST), achieved a 275 percent increase in revenue for the year 2024, according to Tola Odeyemi, postmaster general.
At the beginning of the year, NIPOST set an ambitious target of generating N10 billion in revenue.
Although specific figures for the end of the year were not disclosed, the reported increase suggests a significant recovery for the postal service, which had previously faced consistent decline.
Odeyemi, who made the disclosure while listing NIPOST’s achievements for the year recently, attributed the growth to a series of reforms aimed at enhancing service quality and eliminating revenue leakages
The NIPOST boss detailed the steps taken to boost revenue, noting the implementation of Point of Sale (PoS) terminals in high-transaction areas, which has streamlined payment processes and improved customer experience.
She said, “One of the major achievements for us in 2024 has been a 275% increase in revenue from 2023. We achieved this by plugging a lot of the revenue leakages that we have by deploying PoS terminals for payment in our high transaction areas, as well as ensuring that our quality of service goes up.”
Looking ahead, Odeyemi outlined NIPOST’s plans to sustain this growth trajectory.
She said the organisation has embarked on renovations and upgrades of key locations in Abuja, Lagos, and Kaduna, alongside enhancements to the Postal Institute, which is central to the agency’s change management initiatives.
Furthermore, she stated that NIPOST is gearing up for several major developments in 2025, including the rollout of a national addressing system and digital postcode services, specialised logistics for agriculture and healthcare, and a relaunch of its financial services.
“There will be infrastructure upgrades, which will take place across the Federation and there will be an increase in access to government services through your local NIPOST location,” she said.
E-Business
Firm Unveils Drop App to Revolutionize E-hailing in Nigeria
Sure Switch Tech, a technology company, has unveiled the Drop App, a ground-breaking e-hailing platform designed to empower drivers and passengers in Nigeria.
The Co- Founder who doubled as the Chief Executive Officer of Sure Switch Tech, Ugbah Chukwuma, during the unveiling in Abuja, disclosed that Drop App is an innovative online motor park that connects drivers and passengers directly, allowing them to negotiate terms and travel with ease and confidence.
Chukwuma noted: “What sets the Drop App apart is its driver-first approach, which ensures that drivers keep more of their earnings, saying Drop App is built for convenience, affordability, and empowerment. The app provides a low-cost, high-reward platform for drivers and a reliable and flexible service for passengers.”
According to him, “we understand the challenges that many Nigerian drivers face, and we designed the Drop App to provide real solutions. We are committed to driving innovation, empowering communities, and creating platforms that prioritise fairness and opportunity for all.
He further explained that Sure Switch Tech is a leading technology company dedicated to creating innovative solutions that empower communities and drive growth, stating.
“Today, we launched the Drop app, a platform that redefines e-hailing and transportation in Nigeria. At Trust Tech Limited, we are committed to creating technologies that address existing challenges and empower the communities we serve.
“The Drop app is more than just an e-hailing app; it’s an online motor park, a digital hub where drivers and passengers can connect directly, negotiate terms, and travel with ease and confidence.
“What sets Drop apart is its driver-first approach. We don’t refer to drivers as drivers; we call them our partners. We’ve chosen a different path, where no commissions are deducted from drivers’ earnings. Drivers get 100% of their earnings and pay only a flat rate of N500 for 24-hour service on our platform.
“Another key feature of Drop is the freedom for drivers and passengers to negotiate ride prices directly. We ensure transparency, fairness, and mutual agreement. The Drop app is built for convenience, affordability, and empowerment.
“It enables drivers to scale their business and support their families. For passengers, it’s a low-cost, high-reward platform that guarantees value for money. It’s a reliable, flexible service that accommodates their preferences and budget.”
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