News
UK Forms Alliance with Africa to Push Digital Commerce, Trade
A new business group to drive to drive digital commerce opportunities on the continent backed by the United Kingdom (UK) has been formed.
The Africa Forum for Digital Commerce was announced yesterday in Barcelona on the sidelines of the Mobile World Congress, where the UK government hosted executives from Africa’s mobile and digital economy ecosystem.
The entity is aimed at assembling people and organisations “to collaborate and create digital commerce opportunities from the continent and to the continent”.
The forum’s founding members include ARM (E3)NGAGE which has recently been launching its own digitisation initiatives across the continent.
Other founding members are, AfricaNenda, an independent, African-led organisation created to accelerate the growth of instant and inclusive payment systems.
Connected Places Catapult, Vodafone and what3words complete the list of the founding members.
The UK government says digital trade is a driver of business growth all over the world and is looking at promoting partnerships with Africa, specifically in mobile driven digital trade.
Market research company, eMarketer, predicts that online sales will soar from $3.3 trillion 2019 to $6.2 trillion in 2023 and $7.4 trillion by 2025.
In Africa, the United Nations estimates that internet business could add $180 billion to the continent’s GDP.
“We know that digital trade and digital services powered through mobile and other channels is the future and will be at the heart of growth in Africa. The continent is one of the most exciting in entrepreneurship and innovation and this century will redefine Africa as its population claims the opportunity ahead and reaches for economic empowerment, all powered by entrepreneurship and investment,” says Jamila Saidi, head of digital commerce at the UK trade department.
The Department says it is cooperating with African Business magazine to highlight how Africa’s vibrant and entrepreneurial tech community can leverage partnerships to overcome hurdles to unlocking the potential of digital trade in the continent.
Stephen Ozoigbo, snr. director, emerging economies at Arm, comments: “Since the inception of our (E³)NGAGE lab model, we have seen tremendous progress across targeted program areas that support our digitisation strategies across the continent.
“Our current ecosystem successes in Africa have also accelerated Arm’s ambitions around launching additional labs, as we expand across the continent.”
News
NCDC Activates Emergency Response as Lassa Fever Kills 190
Nigeria has launched an emergency response centre after recording 190 deaths from Lassa fever, a viral hemorrhagic illness, according to Nigerian Center for Disease Control (NCDC).
The disease, mainly transmitted to humans via contact with food or household items contaminated with rodent urine or excrement, has infected 1,154 people in six Nigerian states.
Jide Idris, head, Nigerian Center for Disease Control, said the agency’s risk assessment has categorized it as high, prompting the activation of the emergency Operations Centre to manage the outbreak.
“While the disease occurs throughout the year, peak transmission typically happens between October and May, coinciding with the dry season when human exposure to rodents increases,” he said at a press briefing in Abuja.
The centre will ensure seamless coordination of the control and management of the outbreak.
Symptoms of the virus – which can also be passed between people through bodily fluids of those infected – include fever, headaches and, in the most severe cases, death.
The World Health Organization classifies Lassa fever as a priority disease due to its epidemic potential and lack of approved vaccines.
News
2025 Budget: FG Earmarks N1.5Bn for Airports’ Internet, Others
Federal government has proposed to spend N1.5bn for internet services for passengers at five international airports in the country.
The project, “Provision/Upgrade of WiFi Services for Passengers in Five International Airports and some Domestic Airports” was listed as a new project in the 2025 appropriation.
In some parts of the world, access to the internet via Wi-Fi at airports is regarded to be a basic human right.
Such amenities are lacking in Nigeria.
But the 2025 budget presented to the National Assembly last week by President Bola Tinubu saw the sum of N105.953,496,365 being allocated to the Ministry of Aviation.
Apart from internet access at the airports, some other capital allocations were reinstated for the Nigerian Airspace Management Agency (NAMA).
In previous budgets, three agencies of the ministry including the apex regulatory agency, the Nigeria Civil Aviation Authority (NCAA); the Federal Airports Authority of Nigeria (FAAN) and NAMA were exempted from the annual budgetary allocation.
In addition, the federal government deducts 50 per cent of the Internally Generated Revenue (IGR), which is against the standard and recommended practices of the International Civil Aviation Organisation (ICAO), which recommends that the funds generated by the agencies should be reinvested into improving infrastructure and boosting aviation safety.
News
Egueke, Former Bank Manager Jailed for $46,900 Fraud
Fidelis Egueke, former bank manager, , has been convicted and sentenced to six months in prison by an Asaba, Delta State Chief Magistrate’s Court for defrauding a victim of $46,900.
Chief Magistrate Callistus Isioma Moeteke found Egueke guilty of a single charge brought against him by the police under case number CMA/295c/2024.
Raphael Eze, prosecutor, of the State Criminal Investigation Department (SCID), Asaba, said Egueke, a former Asaba branch manager of a tier-one bank, fraudulently obtained $46,900 by using two Certificates of Occupancy (CofOs) as collateral.
One of the land titles, however, was not his, and the other was fake.
After receiving the money, Egueke used it for personal expenses and failed to repay the victim as promised.
The prosecution argued that Egueke’s actions violated Section 419 of the Criminal Code Law, Cap C21, Vol.1 Laws of Delta State, Nigeria, 2006.
Despite denying the offence, Egueke failed to present evidence of repayment during the trial.
Chief Magistrate Moeteke determined that the prosecution had proven its case beyond a reasonable doubt.
Egueke was convicted and sentenced to six months imprisonment.
However, the court also gave him the option to pay a fine of N350,000 in lieu of serving the prison term.
The court ordered Egueke to pay N30 million in restitution to the victim within six months of his conviction.
The charge against Egueke stated that, in 2016, he fraudulently obtained a credit facility worth $46,900 (approximately N60 million) from Chief Jude Ndudi by presenting false documents, including land titles that did not belong to him, in violation of Section 419 of the Criminal Code Law.
Egueke is also facing trial before a Lagos Federal High Court on charges related to a separate fraud case involving N179.498 million.
He is being prosecuted by the Force Criminal Investigation Department (ForceCID), Annex Alagbon-Ikoyi, Lagos.
- Telecom2 days ago
Airtel Africa to Return $100m to Shareholders via Share Buyback
- Broadcasting1 day ago
Spotify’s ‘Detty December’ Hub and Spotify’s ‘Songs of December’ now live
- Broadcasting1 day ago
QNET Collaborates with Lagos Food Bank to Aid Vulnerable Children
- News2 days ago
Egueke, Former Bank Manager Jailed for $46,900 Fraud
- Telecom2 days ago
FG Gives Banks, Telcos Six-Month Deadline to Resolve N250Bn USSD Debt
- Telecom2 days ago
NCC Launches Initiative to Combat Fraud, Spam Messaging
- Broadcasting1 day ago
NERC Discloses $5.7 Million Debt Owed by International Customers for Q3 2024 Electricity Supply
- Broadcasting2 days ago
Africa Magic Announces Call for Entries for 11th AMVCA