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Mastercard Unveils New Podcast That shows How Financial Inclusion is Creating an Equitable Future for All

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After announcing its commitment to financially include one billion people into the digital economy by 2025, Mastercard is bringing awareness to some of the world’s most critical issues through an innovative podcast series ‘Journey to One Billion’.

Hosted by award-winning journalist and news anchor Fifi Peters, ‘Journey to One Billion’ features Mastercard experts, business leaders, community champions and entrepreneurs from across the Middle East and Africa (MEA) and around the world, who are working together to build a more inclusive and sustainable digital economy where people and the planet can thrive.

The ‘Journey to One Billion’ podcast charts Mastercard’s ten-year journey to bring 500 million excluded individuals into the digital economy – a goal that was achieved in 2020 – and then raised during the height of the pandemic with a new pledge to include 500 million more – making a total of one billion people by 2025.

Alongside this commitment the company will focus on empowering 50 million small businesses and 25 women entrepreneurs to growth their businesses.

The nine-part series spotlights the innovative partnerships, inspiring stories and technological advancements behind the ambitious goal, and offers solutions and insights around the key building blocks needed to create an inclusive digital economy.

“Financial inclusion is at the heart of Mastercard’s ambition to build a better a more inclusive world for everyone everywhere. In addition to being an impactful medium for storytelling, podcasts help to spark connection and conversation in new and meaningful ways.

Through the insightful stories shared in this podcast, we are looking to build a deeper understanding of the innovations and inspiring partnerships that are driving financial inclusion forward, supporting small businesses and helping to build a more connected and equal world,” said Beatrice Cornacchia, Senior Vice President Marketing and Communications MEA, Mastercard.

In episode one “Building a more inclusive and sustainable digital economy” we hear from Ajay Banga, Mastercard’s Executive Chairman, who took up the role after an 11-year tenure as Mastercard’s CEO. Hear his perspective on the power of the digital economy as a force for good in the world.

In episode two “Unleashing the power of the digital economy in the Middle East and Africa” we hear from Raghu Malhotra, Co-President of International Markets, Mastercard, who is responsible for the growth strategies of more than 200 countries and territories.

Raghu is passionate about financial inclusion and sees it as the pathway to levelling the playing field and creating opportunities for all.

In episode three “Unlocking the female economy and empowering women entrepreneurs” we hear from Ann Cairns, Executive Vice Chair, Mastercard and Sarah Beydoun, Founder and Creative Director of Lebanese fashion house and social enterprise Sarah’s Bag.

In further episodes, the podcast will also look at the impact of environmental sustainability, how Mastercard’s Priceless Planet Coalition is fighting climate change by planting 100 million trees in Kenya, Australia and Brazil. The acceleration of digital transformation, product innovation and marketing all play a part in helping to advance inclusion within the digital economy to ensure an equitable future for all, as subsequent episodes will show.

‘Journey to One Billion’ is available from today on all platforms, including Apple podcasts and Spotify and on the MEA Newsroom here.

 


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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IHS Nigeria Hosts Telecom Industry Stakeholders to Discuss Protection of Critical National Infrastructure in Lagos State

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L-r: Deputy Commandant of Corps, Nigeria Security and Civil Defence Corps (NSCDC), Agbetiloye Kolawole, Senior Vice President & Chief Corporate Services Officer, IHS Nigeria, Dapo Otunla, Chairman, Association of Licensed Telecoms Operators (ALTON), Gbenga Adebayo, Zonal Controller, Nigerian Communications Commission (NCC), Tunji Jimoh and President, Association of Telecommunication Companies (ATCON), Tony Emoekpere during the inaugural meeting of telecommunication industry stakeholders in Lagos to discuss the protection of Critical National Information Infrastructure (CNII), hosted by IHS Nigeria at its corporate headquarters in Lagos, recently.
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IHS Nigeria, part of the IHS Holding Limited (NYSE: IHS) (“IHS Towers”) group, one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count, recently hosted a high-level meeting of stakeholders in the telecommunications industry including regulators and law enforcement agencies, at its corporate headquarters in Lagos.

The meeting was organized to develop a multi-stakeholder action plan for the protection of Critical National Information Infrastructure (CNII) assets in Lagos state.

Recognizing the importance of communications infrastructure as the backbone of national security, economic growth and social cohesion, the stakeholders at the meeting convened under the umbrella of the Association of Licensed Telecoms Operators of Nigeria (ALTON) agreed on the urgent need for collaborative solutions to ensure the protection of these vital assets.

The meeting was attended by senior representatives from the telecommunications stakeholder groups and regulatory bodies including the Nigerian Communications Commission (NCC), the Association of Licensed Telecoms Operators of Nigeria (ALTON), Association of Telecommunications Companies of Nigeria (ATCON) and the Lagos State Infrastructure Maintenance and Regulatory Agency (LASIMRA).

Also in attendance were representatives from the Mobile Network Operators (MNOs), and InfraCos as well as the Nigeria Security and Civil Defence Corps (NSCDC), the security agency tasked with the protection of Critical National Infrastructure across the country.

Following extensive deliberations, the stakeholders resolved to establish a working group dedicated to addressing key industry challenges, including the vandalization and theft of telecommunications infrastructure, arbitrary shutdown of base stations, fiber cuts due to road construction and the denial of access by unauthorized individuals by leveraging technology for real-time monitoring and protection, strengthening security measures around telecommunication sites and collaborating more with the security and regulatory agencies to mitigate these challenges.

The stakeholders underscored the need to prioritize deterrence and prevention of these incidents and highlighted the importance of public awareness campaigns to sensitize the host communities and public of the need to protect telecommunications infrastructure in their localities.

Dapo Otunla, Senior Vice President & Chief Corporate Services Officer of IHS Nigeria, commented, “The protection of Critical National Information Infrastructure (CNII) has been a critical concern for all industry stakeholders.

“We are experiencing daily losses of assets, which significantly impact on the quality of service delivered to subscribers. Addressing these issues is paramount to sustaining Nigeria’s digital ecosystem and meeting regulatory expectations.”


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MTN Champs Continental Relays: Over 1,000 Athletes Gear Up for Lagos Showcase

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Over 1ooo athletes are already set to participate in the upcoming MTN Champs Continental Relays, taking place between April 9 and April 12 at the UNILAG and Yabatech Sports complexes. Organisers anticipate even more registrations before the April 2 deadline.

MTN Champs is Nigeria’s largest grassroots sports competition, a collaboration between MTN Nigeria and Making of Champs (MoC), providing a platform for young athletes to showcase their talents and potentially represent Nigeria on the global stage.

Osaze Ebueku, Senior Manager, Go-to-Market at MTN Nigeria at the opening ceremony of the MTN Champs Classics events in Benin had emphasised the long-term vision behind MTN Champs: “We’re building future Olympians for Nigeria. MTN Champs is about more than competition. It’s about changing lives.”

The continental relays mark the second leg of the MTN Champs Season 3, following the Classics competition in Benin, which saw 4,371 event entries from 2,056 athletes.

As of March 24, the Lagos leg had already recorded 2,821 event entries across different age categories, highlighting the growing enthusiasm around the competition.

The registered athletes are spread across four categories, with 174 in the Cadet (U-14) category, 388 in Youth (U-17), 270 in Junior (U-20), and 279 in the Senior category.

To ensure smooth participation, organisers have outlined important guidelines. Athletes in the Cadet, Youth, and Junior categories must submit a signed Parental Consent Form, while all registered schools and athletes must collect their competition bibs by April 8 at the competition venue to confirm their participation and secure their place on the start list.

Sports enthusiasts can look forward to an electrifying showcase of emerging talent, as young athletes seize the opportunity to prove their skills on a professional stage.


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Again, Labour Fumes, Threatens Shutdown of Telcos over Non-Implementation of 15 Percent Tariff Reduction

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Nigeria Labour Congress (NLC) is threatening to shut down operations of telecommunications companies over their refusal to comment on the 15 percent reduction in telecom tariffs.

Again, Labour Fumes, Threatens Shutdown of Telcos over Non-Implementation of 15 Percent Tariff Reduction

Recall that that organised labour, through the NLC, forced the federal government and NCC to reduce the telecommunications tariff hike from 50% to 35% after threatening to shut down telecom operations and the NCC in response to what it saw as exploitative economic policies amidst excruciating suffering, hardship, and deepening poverty.

The government had previously formed a 10-member committee, consisting of five government and NLC representatives, to deliberate on the thorny topic of tariff hikes within two weeks and report back before making a final decision on the new telecom tariff structure.

Consequently, on Friday, February 21, 2025, the committee, at a meeting conducted in the office of the National Security Adviser (NSA) that lasted nearly three hours, decided on a 15 per cent tariff cut.

According to reports, in accordance with the conditions of the agreement, an official communiqué announcing the tariff reduction was scheduled to be released on Saturday, February 22.

According to Chronicle,iIt was said that the meeting began at 4:00 p.m. and concluded around 7:00 p.m., during which NLC representatives insisted that the tariff hike be withdrawn.

According to sources, after significant pressure from NLC representatives in the 10-man committee, the government and NCC gave up and agreed on the 15% decrease, which the government or NCC should have announced the next day.

However, at the time of this report, no such announcement has been made.

Leaders of the labour union are not taking the government’s failure to announce or implement the 15% tariff decrease lightly, suspecting that they have been duped.

The Labour leaders have therefore resolved to directly confront the NCC and telecommunications operators next week.

Though it has been reported that the date for the start of the industrial action against the NCC and telecom providers has been set and mobilisation is underway, the information is being closely guarded.

One of the leaders of the NLC stated that “We have received directives to commence mobilisation since last week. In fact, the date for the commencement of industrial action against the NCC and telecommunication operators’ offices across the country has been fixed. We have been warned not to disclose the date because the plan is to take all concerned by surprise. We are not giving any notice because we thought we had resolved this matter over a month ago. It is as if we have been scammed. Therefore, we have decided to confront the matter head-on.”

On February 12, the NLC expressed outrage over telecommunications companies’ tariff hikes, despite an earlier agreement with the Federal Government and the NCC.

According to the Labour union, “If the telecommunications companies fail to revert to the old tariff by the end of February 2025, a total shutdown of their operations nationwide will commence on March 1, 2025.”

To demonstrate its seriousness, the NLC declared that, as a first step in resisting the arbitrary tariff hike, it directed that workers and other willing citizens boycott the services of MTN, AIRTEL, and GLO daily between 11:00 a.m. and 2:00 p.m. until the end.

On Tuesday, February 11, NLC leaders issued a communiqué at the conclusion of their Central Working Committee (CWC) meeting in Lokoja, Kogi State, urging workers and citizens to suspend data purchases from telecommunications companies, which have also become one of their most effective tools for exploiting Nigerian citizens.

The communiqué, signed by Joe Ajaero and Emma Ugboaja, Congress’ President and General Secretary, respectively, instructed NLC State Councils and industrial union affiliates to quickly sensitise and mobilise their members and the general public in their jurisdictions.

 


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