New NFT on Segun Agbaje, the Group CEO of GTCO PLC

Segun Julius Agbaje (born Olusegun Agbaje; 1964) is the Group Chief Executive Officer of Guaranty Trust Holding Company Plc (GTCO PLC), a multinational financial services group, that offers retail and investment banking, pension management, asset management and payments services, headquartered in Victoria Island, Lagos, Nigeria. He is also a Director of PepsiCo and member of the Mastercard Advisory Board, Middle East and Africa.

The #NFT of Mr  Segun Agbaje, the Group CEO of GTCO and the GTCO Cube  are on 

https://nftmyimage.com/@nigeriadaily

The NFT of the GTCO Cube can be used as a screensaver.

https

://nftmyimage.com/nBOSFGFq9Axx7X7a9gMFTA?created=true

The GTCO Cube can be made into any size for tables, reception,offie and residence and for buildings from the small cubes of 1ft - 3ft to 12ft to 50ft structures.

#GTCO
#Guaranty
#Bank
#Trust
#GTBank
#Nigeria
#Leaders
#leadership

https://nftmyimage.com/cD1nGpvYFCRCuOk56fNmVQ?minted=true

More Unicorns Are Coming in Africa

I declared that 2020 will be the Year of the Unicorns and it came to pass with the total number of unicorns reaching 563 in 2020 and increased to 957 in 2021 when I declared that Our Unicorns Are Coming, Nigeria and the rest of Africa contributed to make up the 1, 000 unicorns so far in the world. And more unicorns are coming in Africa in 2023.  

The unicorns in Africa include the following:

Chippers Cash (over $2 billion) 

Andela – ($1.5 billion) 

OPay (over $2 billion) 

Wave ($1.7 billion) 

Flutterwave – ($1 billion) 

Paystack – ($1 billion) 

Interswitch ($1 billion) 

Jumia ($1 billion)

Fawry ($1 billion)

PiggyVest ($1 billion)

New unicorns will emerge from EdTech startups, decentralized transactions startups, ride sharing startups and sports betting startups.

PalmPay Hits 10 Million User Milestone in Nigeria

 

PRESS RELEASE

PalmPay Hits 10 Million User Milestone in Nigeria

The fintech has gained significant traction with its payment’s app and nationwide agency banking network

Access Multimedia Content

LAGOS, Nigeria, August 31, 2022/ -- PalmPay (https://PalmPay.com/), a fintech innovator aiming to make digital payment more accessible and flexible, announced that it has reached 10 million users in Nigeria. This represents a doubling in its user base within just six months and puts its customer numbers in the same league as major institutions only 3 years after the company launched in the market. The fintech, which operates under a Mobile Money Operator license from the Central Bank of Nigeria, has gained significant traction with its payment’s app and nationwide agency banking network. Its proposition of instant financial account creation, fee-free bank transfers and cashback rewards on airtime and bill payments has appealed to Millennial and Gen-Z consumers, who are looking for more affordable banking options and prefer the convenience of a digital-first service. Nowadays PalmPay is processing millions of transactions a day. And around 20% of the company’s customer base report that the PalmPay app was their first financial account, demonstrating that the Mobile Money Operator is contributing to driving progress towards financial inclusion targets in Nigeria, where 36% of the population remains unbanked. Nigerians without smartphones can visit one of PalmPay’s 200,000 mobile money agents across the country, who can transact on their behalf or issue an innovative QR card that can be used to hold a balance. Consumers can also use PalmPay agents to deposit cash to their PalmPay accounts and to withdraw money using their debit cards through PalmPay-branded POS machines. “We are delighted to be able to celebrate this growth milestone and are proud of PalmPay’s track record of making cutting-edge financial services accessible to every Nigerian - including the unbanked.”, said Mr Chika Nwosu, Managing Director, PalmPay Nigeria, "The pandemic has accelerated the shift from cash to digital payments and we are looking forward to continuing to work together with regulators and our partners to innovate to meet the financial needs of consumers." “Our significant growth in Nigeria demonstrates PalmPay’s ability to innovate to meet the financial needs of consumers, and we are looking forward to replicating this success as we scale in more markets across Africa.” said Sofia Zab, PalmPay Global CMO. Distributed by APO Group on behalf of PalmPay.   Media Contact: PalmPay Global Communications press@palmpay-inc.com About PalmPay: PalmPay is a fintech innovator that aims to make digital payment more accessible and flexible for consumers and merchants. We improve users' digital payment experiences by offering instant financial account creation, money transfers, and bill payments. Since launching in 2019, PalmPay has quickly established itself as one of the continent's leading and fastest-growing payment providers with 10 million users and a mobile money agent network of 200,000. PalmPay raised a US$100 million Series A round of funding in August 2021, with US$140 million raised in total. The company is now operating in Nigeria and Tanzania, and will be scaling its proposition in other African markets in 2022. Learn more about PalmPay at https://www.PalmPay.com/ SOURCE PalmPay

Ekenyerengozi Michael Chima with Mark Zuckerberg of Facebook

 #ThrowBackThursday 

The Next Big Thing

The Alpha Man, Ekenyerengozi Michael Chima meeting with Mark Zuckerberg, the Cofounder and CEO of Facebook on August 31, 2016 at the Afrinolly Space in Oreggun, Lagos Mainland, Lagos, Nigeria.

My second meeting with Mark will be coming up after the release of my mobile video app, the next big thing for social media networking, news, entertainment, e-commerce and fintech which will begin the total decentralization of financial transactions and all from an app.

#Michael #Chima #markzuckerberg #mobilevideo #mobileapplications #mobileapp
#nigeria #ceo #socialmedia #networking #fintech #video #entertainment #facebook #commerce #transactions #streaming #video #decentralized
#decentralization #money #finance #africa #broadcasting #iot

2022 IsDB Group Annual Meetings to Convene in Sharm El-Sheikh from June 1- 4

 

2022 IsDB Group Annual Meetings to Convene in Sharm El-Sheikh  
1-4 June

 

Cairo, Egypt, 28^th of May 2022 - The Islamic Development Bank (IsDB) Group affiliated entities are to hold their 2022 Annual Meetings in Sharm El-Sheikh, Egypt, from 1-4 June 2022, under the theme of: “Beyond Recovery: Resilience and Sustainability.” These meetings come under the umbrella of “The 47^th Annual Meeting of the Board of Governors of the Islamic Development Bank”.

Mr. Ayman Amin Sejiny, CEO of the Islamic Corporation for the Development of the Private Sector (ICD).

Mr. Oussama Abdul Rahman Kaissi, Chief Executive Officer of The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

Eng. Hani Salem Sonbol, CEO of the International Islamic Trade Finance Corporation (ITFC).

On the occasion, H.E. Dr. Hala El Said, Egypt's Minister of Planning and Economic Development and IsDB Governor for the country, has underlined the importance of the strategic partnership between the Arab Republic of Egypt and the IsDB Group and its entities in a way that all relevant stakeholders achieve development and economic growth.

She noted that IsDB’s Group’s private sector development arm -  the Islamic Corporation for the Development of the Private Sector (ICD) - plays a leading role in its mandate through direct financing operations, offering asset management, encouraging cross border investments, developing Islamic capital markets, and providing financial advisory services.

She also expressed her keenness to facilitate the cooperation between the Bank and the Sovereign Fund of Egypt with the aim of achieving the country's development goals, thus creating wealth for future generations.

Minister El Said pointed out that IsDB Group’s investment insurance arm -  the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) - plays an important role in supporting Egyptian investors and exporters. It amplifies the entity’s activities and services in Egypt while setting up a lasting mechanism for the promotion process, to attract incoming foreign investments and provide opportunities for Egyptian exports to enter foreign markets. ICIEC has so far provided relevant insurance coverage for US$7.35 billion worth of businesses in Egypt, including covering operations related to imports and exports, credit services on exports and securing foreign investments, making Egypt among the first ten countries that benefit from ICIEC’s insurance services.

H.E. Minister El Said also praised IsDB Group’s international trade finance arm – the International Islamic Trade Finance Corporation (ITFC) -  for integrating its efforts with Egypt’s initiatives that support and empower women economically. Moreover, she underscored ITFC’s cooperation with the Ministry of Trade and Industry in preparing a proposal aimed at supporting and developing the capabilities of women working in the field of traditional handicrafts, as well as increasing their ability to export abroad. This is all thanks to ITFC’s foreign trade and institutional support, in addition to the constructive cooperation in Egypt’s second annual program within the Arab-African Trade Bridges Program (AATB), which is managed by ITFC, through organizing a number of exhibitions in Africa within the framework of facilitating Egyptian exports to African markets and in line with Egypt’s strategy in the same field.

 The IsDB Group 2022 Annual Meetings in Sharm El Sheikh come in response to an invitation from the Arab Republic of Egypt, with an aim to enhance cooperation together and consolidate economic relations amongst IsDB Group member countries. Representatives from international and regional financial institutions, Islamic banks, national development finance institutions, business associations, and consultants from member countries are attending the activities preceding the meetings.

The meetings mainly comprise: “the 29^th Meeting of the Board of Governors of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)”, “the 22^nd General Assembly of the Islamic Corporation for the Development of the Private Sector (ICD)”, and “the 17^th Meeting of the Board of Governors of the International Islamic Trade Finance Corporation (ITFC)”.

Mr. Oussama Abdul Rahman Kaissi, Chief Executive Officer of The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), stressed that the corporation aims to enhance commercial transactions in its member countries and facilitate the flow of foreign direct investments to them.

He added: “In order to achieve its objectives, ICIEC provides credit solutions to cover political and commercial risks, in addition to insurance and reinsurance solutions that enhance credit, in accordance with the provisions of Islamic Sharia.”

Mr. Kaissi also referred to ICIEC’s solid relations with Egypt, underpinning the readiness of the Corporation to support the Egyptian economy, in line with Egypt Vision 2030 and its endeavors to achieve sustainable development goals.

For his part, Mr. Ayman Amin Sejiny, CEO of the Islamic Corporation for the Development of the Private Sector (ICD), stated that the Corporation plays a vital, complementary role in implementing IsDB and the international financial institutions’ activities that take place within the member countries, pointing out that Egypt has been acquiring a long history and an extended relationship with the Bank and its affiliated institutions since 1974, which has resulted in a Group cooperation portfolio of more than US$16 billion.

Additionally, he clarified that the corporation attaches primary importance to working on establishing, expanding, and modernizing the private sector through financing projects of a myriad of companies, along with other Small and Medium Enterprises (SMEs), and those projects get evaluated as per their contribution to the economic development; via creating job opportunities and thus facilitating the achievement of the UN Sustainable Development Goals (SDGs).

Mr. Sejiny concluded: “ICD also provides advisory services to governments and private sector institutions, abiding by certain policies that raise the efficiency of operations and develop capital markets with the adoption of best management practices. ICD also works to establish and strengthen partnerships, with the aim of establishing joint funding, as we are keen on applying Fintech to ensure financial inclusion.”

On the occasion, Eng. Hani Salem Sonbol, CEO of the International Islamic Trade Finance Corporation (ITFC), stated: “ITFC is a strategic partner for development in Egypt and will continue to provide integrated commercial solutions that meet the needs of the Arabic Republic of Egypt in vital sectors.”

A number of significant events, including the Business Forum for the Private Sector and a number of major events related to the preparation of the 27th session of the Conference of the Parties (COP27), to the United Nations Framework Convention on Climate Change slated for November 2022, the green economy, achieving sustainable growth and other international issues, will also be taking place on the sidelines of the IsDB Group 2022 Annual Meetings.

-Ends-

For more details Contact:

Mohamed Rashad

Media Relation Director,

Email:

Mohamed.Rashad@influence-me.com

Cell: (+2) 01228951929.

 

 

 

 

PanAfrican Capital Holdings Sets Up The Catalyst Project To Promote African Entrepreneurship

The Catalyst

PRESS RELEASE

PanAfrican Capital Holdings Sets Up The Catalyst Project To Promote African Entrepreneurship

LAGOS, Nigeria, December 13, 2021/ -- In commitment to its vision to deliver exceptional services in chosen markets and create value for stakeholders, PanAfrican Capital Holdings ‘PAC Holdings’ has set up a venture capital project, to be known as The Catalyst (www.TheCatalystAfrica.com), to identify and invest in growth to product-expansion stage companies with convincing business models and market opportunities.

As a proprietary investment company with the focus to offer strategic investment solutions and unlock value across emerging and frontier markets across Africa, PAC Holdings acknowledges the vital role of technology in driving economic growth in Africa.

According to the Venture Capital in Africa Report, “90% of all reported VC deals between 2014 and 2020 were in technology-enabled companies operating across a variety of sectors. Financials accounted for the largest share of VC deals by both volume (22%) and value (26%) from 2014 - 2020, with Information Technology (18%) and Consumer Discretionary (16%) accounting for the second and third largest share of VC deals by volume within the same timeframe.” This trend is expected to continue with more opportunities for technology solutions arising in a post covid world.

Toluwalope Oni, the Global Coordinator of The Catalyst, said, “The Catalyst Project has been set up to facilitate and finance the delivery of technology enabled solutions, as well as promote African entrepreneurship. Our industries of primary focus are pivotal gears of a digital African economy, and these include finance, education, health, agriculture and logistic.”

Some of the objectives for the initiative include driving a culture of innovation and contributing to the delivery of forward-thinking market value across Africa.

“The project’s target is to inject an initial sum of $1,000,000 into ‘growth stage’ businesses that meet its criteria of; a clearly defined minimum viable product, solving a need/gap either on the demand or supply side in Africa, generating revenue enough to cover direct costs, seeking capital to boost expansion required to achieve exponential scale and little or no debt balances in the company’s balance sheet,” the Global coordinator added.

The identified sectors, given current macro-economic realities, represent the key underlying catalyst for Sustainable Economic Growth in emerging and frontier economies. Selected businesses that become successful would benefit from PAC Holdings access to an ecosystem of strategic investors & mentors, and enjoy product/service synergies.

Distributed by APO Group on behalf of The Catalyst.

Media Contact:
On behalf of PanAfrican Capital Holdings Limited
Omolola Ojo
Email: omolola.ojo@panafricancapitalholdings.com

Follow us on:
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About PanAfrican Capital Holdings:
PanAfrican Capital Holdings “PAC Holdings” is a Proprietary Investment Company with special focus on Key Sectors across Africa including Financial Services, Hospitality & Entertainment, Real Estate & Infrastructure, Agro-Allied & FMCG, Healthcare, Renewable Energy, and ICT & Media.

With specialist subsidiary companies across chosen sectors. PAC Holdings is geared towards offering strategic investment solutions and unlocking value across emerging and frontier markets. The company’s corporate Head Office is in Lagos, with presence in Accra, Nairobi and Mauritius.  With Over the years, we have created strong strategic alliances with multilateral financial institutions such as African Export-Import bank, Africa Development Bank, Africa Finance Corporation, Development Bank of South Africa, Bank of Industry, Nigerian Export-Import bank and other banks across the continent.

For more information, visit www.thecatalystafrica.com

SOURCE
The Catalyst

Traditional Banking is Obsolete

 #fintech #banking #banks #Paypal #Mastercard #Visa #Amazon #Apple #apps #smartphone #money 

Traditional Banking is Obsolete

I have not been to my bank for any transaction since 2020. I have been using only my smart phone and fintech app.
No need for bank tellers and no need for banking halls.
The big buildings and skyscrapers of big banks are soon going to become abandoned buildings before 2030. Banks don't need big buildings and staffs can be reduced by 70%, because fintech apps are what banks need now and not overstaffed branches. Decentralized fintech apps will end centralized banking and financial operations. Even #Paypal and other online payment platforms using credit cards will become obsolete if they don't change.

We will say bye, bye to #Mastercard, #Visa, #AmericanExpress and others. All the decentralized fintech apps will be on our mobile phones, tablets and laptops.
REINVENT or become EXTINCT.

 
- Ekenyerengozi Michael Chima,
https://angel.co/u/michael-chima-ekenyerengozi

Wanted: More Ambitious Women For Nigerian Men

Mrs. Peju Adebajo, the young Managing Director/CEO of Mouka Limited

Wanted: More Ambitious Women for Nigerian Men

Until you break out of the shell, you can never excel to rule your world.

You wonder why many women and men are still single and searching in Nigeria?

We do not have enough ambitious women.

Most of our women have little or nothing to offer the men.

We need ambitious women who can make a great difference in our lives.
Nigerian women like Mrs. Peju Adebajo, the young Managing Director/CEO of Mouka Limited, whose dignity, integrity, nobility and humility make her the pride of her husband and family and a blessing to Nigeria.
We need more women like her in Nigeria.
Women who can make us proud, and not liabilities.

Highly recommended is The daughter also rises on http://www.economist.com/node/21526872?fsrc=nlw|mgt|08-31-11|management_thinking.

ZHANG YIN (also known by her Cantonese name, Cheung Yan) was the eldest of eight children of a lowly Red Army officer who was imprisoned during the Cultural Revolution for “capitalist offenses”. Today she is one of the world’s richest self-made women, with an estimated fortune of $1.6 billion. In the early 1980s, as a dogsbody in a paper mill, she noted that the waste paper her superiors so casually discarded was actually worth something. She has been capitalizing on her insight ever since.

Note that what made ZHANG YIN a billionaire was from her realization that the waste paper her superiors so casually discarded was actually worth something.



Nigerian women have their own dreams, but majority of them have allowed the dictatorial and sexist Nigerian men to either compel or talk them into discarding their dreams and become cowardly submissive to the men. And what have the men done for the women?
Playing tin-gods to them.

A typical Nigerian husband thinks buying a posh car for his wife and living in a luxury apartment or duplex is a GREAT ACHIEVEMENT that would be all for life.
How much is the total cost of a posh car and a mansion in Nigeria?
Patapata, N200, 000, 000 (two hundred million naira) only.
So, that is all you and your dreams are worth?
Less than USD$2 million?
Is that all and why God made you for on earth?

That is the best and greatest ambition of majority of Nigerian men and selfish pursuit for such social status symbols have left Nigerian men and women mere consumers of perishable luxuries, without producing the tools we need to develop a productive nation.

Nigeria is a poor nation of redundant women at the mercy of shortsighted Nigerian men who have failed to excel in nation building.

Nigerian women must break out the shell of their bondage and challenge the men from the bedroom to the boardroom and achieve more even where the men have failed woefully, in leadership.

There is no romance without finance.
So, be more ambitious to make a great difference and see how much your success will make you more independent and more productive.

The ambition of Nigerian women must go beyond their bottom power and rise to higher grounds of human achievement in nation building.

Men respect independent women and often insult those who are not.
So, do you want men to respect you or disrespect you for life?

Make The Daughter Also Rises: How Women Overcome Obstacles and Advance in the Family-Owned Business your handbook. It is a must read for every literate woman.


~ By Ekenyerengozi Michael Chima,
Thursday September 1, 2011.


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Five Steps toward Financial Wellness

Five Steps toward Financial Wellness

Money Management International Offers Actionable Tips for Improving Finances

Houston, March 31, 2011 /PRNewswire/ — April is National Financial Literacy Month, and it couldn’t have come at a better time. Between rapidly increasing prices in gas and food along with sluggish economic growth, consumers are feeling more pinched each week. In fact, according to a recent survey by Career Builder, 77 percent of American consumers are living paycheck to paycheck.

Financial Literacy Month offers the perfect opportunity for individuals and families to change their financial situation by learning about important financial matters like creating and managing a budget, paying down debt while saving for emergencies, and creating achievable financial goals. Here at Money Management International (MMI), we care about your financial future. We are committed to bringing you the financial education you need to reach your financial goals.



The following five steps will help you on the path toward financial wellness:

1. Make a commitment – Changing your relationship with money is not an easy task; it takes hard work and a strong commitment. Visit FinancialLiteracyMonth.com and take the pledge to start on the path toward financial security.
2. Assess your financial situation – A simple quiz can help you understand your current financial position. Knowing where you are today will help you determine the best path toward meeting your financial goals.
3. Get organized – Getting your financial house organized is a great way to begin on a clear path toward financial wellness.
4. Set priorities – Understanding the difference between needs and wants will help you establish financial priorities and set realistic goals.
5. Live on a budget – Spending less than you earn is easier said than done, but a solid budget is the most important element of any successful financial plan.

“Changing your financial habits and your relationship with money can be hard work, but the payoff is priceless,” said Kim McGrigg, community and media relations manager for MMI. “The important thing to remember while on your journey to financial freedom is to stay flexible. Revisit your financial plan often and make changes as needed.”

X X X
About Money Management International

Money Management International (MMI) is a nonprofit, full-service credit-counseling agency, providing confidential financial guidance, financial education, counseling and debt management assistance to consumers since 1958. MMI helps consumers trim their expenses, develop a spending plan and repay debts. Counseling is available by appointment in branch offices and 24/7 by telephone and Internet. Services are available in English or Spanish. To learn more, call 800.432.7310 or visit www.MoneyManagement.org.

Let’s keep in touch!

Visit us on the Web at MoneyManagement.org

Become a fan of MMI on Facebook

Follow MMI on Twitter

Media Contact:
Tanisha Warner
Media Relations
713.394.3202
Tanisha.Warner@MoneyManagement.org