E-Business
Remita to Establish Academy for Entrepreneurs, Startups
Remita Payment Services Limited (RPSL), a financial technology (fintech) pioneer, has revealed its strategic vision to establish a startups academy. The tip was made by ‘Deremi Atanda, Managing Director of RPSL during his participation at the 2023 Africa Startup Festival held in Lagos, recently.
According to him, the vision is to empower aspiring entrepreneurs with a comprehensive and intentional curriculum, providing practical skills essential for success in the dynamic business landscape.
Through this initiative, Remita is not only simplifying financial processes but also actively cultivating an enabling ecosystem for startups to flourish and drive Africa’s prosperity.
“Over the years, RPSL has remained dedicated to assisting startups, with the overarching goal of fostering growth and sustainability within the African tech ecosystem. Building on this commitment, this forward-thinking initiative comprises four key components, offering solutions, partnerships, consulting services, and capital to support the growth of startups”
He explained that this forms a crucial part of the organisation’s strategy for the midterm plan of the startup academy as it continues to support for budding entrepreneurs as vital enablers for advancing Africa’s development that guarantees sustainable business ecosystem.
The Africa Startup Festival is an annual gathering of entrepreneurs, investors, and industry experts to collaboratively explore the nuanced challenges, solutions, and inherent opportunities within the African business environment.
At a panel session titled ‘Building Fintech Solutions: A Reality Check’ ‘Deremi Atanda said, “Launching a startup demands precision that goes beyond innovation; it necessitates a deliberate understanding of the business landscape and regulatory intricacies.
“Entrepreneurs must intimately acquaint themselves with industry regulations and market dynamics before starting their journey. This intentional groundwork not only ensures compliance but strategically positions startups for sustained success in the dynamic realm of business, providing a roadmap to navigate challenges and capitalise on opportunities with precision.”
Emphasising the importance of resilience amidst the challenges inherent in the entrepreneurial landscape, Peace Obule, CEO, DebtRecuva, noted that expanding a business goes beyond merely attracting investors, although that remains crucial, but business owners must exhibit persistent tenacity, enabling them to transform accompanying obstacles into opportunities.
Ike Eze Managing Partner, Beta Ventures, stressed that, for entrepreneurs to create market value, they must possess distinctive knowledge that sets them apart from competitors within the industry.
In a remark, Will Stevens, Consul General, US Consulate in Lagos, alluded to a recent trend indicating that more than 80% of Nigerian startups opt for incorporation in the United States, potentially influenced by factors like access to a strong investment ecosystem and global market exposure.
However, demographic projections indicate that the working-age population in Africa is expected to surpass one billion by 2050, constituting a considerable labour force in need of employment. This substantial demographic shift presents both opportunities and challenges for economic development, emphasising the necessity for strategic planning to tap into the potential of this expanding workforce.
The event also hosted notable participants such as Will Stevens, Consul General, US Consulate in Lagos; Ized Uanikhehi, Founder & CEO, Zedi Africa; Napa Onwusah, AWS Startup Leader; Oyin Solebo, Managing Director, Techstars; Tage Kene Okafor, Lagos Reporter, TechCrunch; and Gbenga Omolokun, Managing Director, VDF Bank.
E-Business
Hisense Electronics Unveils Flagship Showroom in Abuja
By Fabian Tarpael, Abuja
Hisense electronics unveiled a flagship showroom in Abuja over the weekend. Speaking at the event, Mr. Mustapha Khries, the Abuja Branch Manager of the Fouani Group, highlighted the significance of the flagship store, describing it as the first of its kind in the entire West African region.
He also addressed the challenges facing businesses in Nigeria, particularly the high exchange rates and transportation costs.
“The Fouani Group remains resilient and ready to overcome challenges, unlike others who often exit the market when faced with similar issues.”
Ms. Haifa Du, Senior Sales Manager for Hisense Electronics, emphasized the brand’s commitment to affordability and innovation, stating that Hisense offers the most cost-effective and advanced solutions in the market.
The event underscored Hisense’s dedication to technological innovation and sustainability while reaffirming its leadership position in the consumer electronics market.
Mr. Robbin Wei, Senior Sales Manager of Hisense Group, supported by Mr. Greg and Ms. Haifa Du, showcased various innovative products from the new flagship store.
Among the standout products showcased include; The Hisense 110″ Smart Ultra AMOLED TV, featuring unique capabilities such as a solar-powered remote control and a “locate remote” function to find misplaced remotes easily.
E-Business
PalmPay, Jumia Partner to Launch Integration for Shoppers in Nigeria
PalmPay, Africa-focused fintech operating Nigeria’s most used mobile wallet, and Jumia, Africa’s e-commerce giant, today announce a strategic partnership to enhance the digital payment ecosystem on the continent, starting with payment integrations and co-marketing efforts in Nigeria.
This partnership underscores both parties’ commitment to developing the digital payment ecosystem in Nigeria and grow the use of the cashless economy.
WIth PalmPay now available as a payment method, shoppers on Jumia will now be able to pay for their purchases with the option to check out with their PalmPay wallet, ensuring a seamless user experience and transaction reliability through the direct integration.
“We are proud to partner with Jumia as we bring together the best of fintech and e-commerce to redefine the online shopping experience,” said Sofia Zab, Chief Marketing Officer, PalmPay. “This strategic alliance aligns perfectly with our shared commitment to delivering a superior user experience and exceptional value to our customers.”
Speaking on the partnership, Sunil Natraj, CEO, Jumia Nigeria added: “At Jumia, we are dedicated to creating value for our customers by ensuring a convenient, reliable, and secure shopping experience.
“This partnership with PalmPay strengthens our commitment to enhancing the digital payments within our platform. By integrating PalmPay, we are providing more options for customers to access affordable and quality goods with the convenience of cashless transactions.”
This alliance marks the beginning of a long-term collaboration between two industry giants, aiming to drive innovation, increase convenience for consumers, and foster the adoption of digital payments across Africa.
To celebrate the launch of the partnership, PalmPay and Jumia are launching a special Christmas campaign, running from December 11th to 30th. During this period, customers who make purchases on Jumia using the PalmPay payment method will stand a chance to win exciting cash rewards. More details can be found on the brands’ respective social media pages. @palmpay_ng and @JumiaNigeria.
E-Business
Aero Contractors Launches “12 Days of Christmas” Campaign
Aero Contractors is thrilled to announce the launch of its “12 Days of Christmas” campaign, a festive and engaging social media initiative designed to spread holiday cheer and reward loyal customers.
Running from December 13 to December 24, 2024, this exciting campaign underscores Aero Contractors’ commitment to connecting families, friends, and communities during the holidays.
The “12 Days of Christmas” campaign invites travel enthusiasts, loyal customers, and holiday travelers to participate in fun and interactive activities on Aero Contractors’ social media platforms, including Instagram, Facebook, and X (formerly Twitter). Each day will feature engaging posts such as trivia, puzzles, and challenges designed to ignite the festive spirit and encourage community participation.
Participants are encouraged to follow Aero Contractors’ social media pages, engage with the daily posts by liking, commenting, or sharing, and follow the specific instructions for each day’s activity.
Winners will be selected daily and announced on the respective platforms. Exciting prizes await participants, with the grand reward of a free return economy class ticket—a perfect gift for reconnecting with loved ones or exploring new destinations this holiday season.
“At Aero Contractors, we believe in the power of togetherness, especially during the holidays,” said Capt. Ado Sanusi, Managing Director of Aero Contractors.
“Our ‘12 Days of Christmas’ campaign is our way of giving back to the community that has supported us throughout the year. It’s an opportunity to engage, celebrate, and reward our customers while spreading joy and festive cheer.”
This campaign targets travel enthusiasts, loyal Aero Contractors customers, and families looking to make the most of the holiday season. Through this initiative, Aero Contractors reaffirms its dedication to safe, reliable, and efficient air travel, bringing people closer when it matters most.
Follow Aero Contractors on Instagram, Facebook, and X to join the “12 Days of Christmas” campaign. Engage daily for a chance to win a free return economy class ticket and other exciting offers.
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