Africa: Think Exponentially, Not Incrementally: How the Rules of the Game Are Changing in Africa’s Banking Sector

OPINION EDITORIAL

Think exponentially, not incrementally: How the rules of the game are changing in Africa’s banking sector

by Sunil Kaushal, CEO, Africa & Middle East at Standard Chartered Bank.

DUBAI, United Arab Emirates, October 17, 2018/ -- Think exponentially, not incrementally: How the rules of the game are changing in Africa’s banking sector

Sunil Kaushal, CEO, Africa & Middle East at Standard Chartered Bank.

An abundance of opportunities

We are fortunate to witness a period of monumental progress in Africa. The changes are visible across all sectors. African start-ups have raised a record breaking $560 million in 2017, an increase of 53% from the previous year. African governments have welcomed technology into the continent, hoping to inspire a revolution across all industries and sectors. Some of the brightest minds are determined to rewrite the rules of the game by harnessing technology to tackle some of the continents greatest challenges – with one of them being the distinct lack of access to banking services for large parts of the population. Only 4 years ago, an astounding 66% of Sub-Saharan Africans (http://bit.ly/2PDboRb) did not have a bank account. Now, Africa has been described as a “leapfrogger” with the application of a technology driven economic model to reach the unbanked.

Nigeria - Canada Investment Summit 2018

Nigeria - Canada Investment Summit
NOVEMBER 5TH – 6TH, 2018 IN ABUJA, NIGERIA

TORONTO, Oct. 16, 2018 /CNW/ - Canadian businesses, organizations and government agencies are invited to attend the Nigeria Canada Investment Summit on November 5th and 6th, 2018, in Abuja, Nigeria's national capital. The theme is, "Fostering Strong Business Partnerships Into The Future." Coupled with news that the Governor General of Canada Julie Payette is visiting Nigeria at the end of October and will be in Abuja and Lagos, the Summit affirms the warm and fruitful relations between Canada and Nigeria.

UN Welcomes ‘Milestone' Release of 833 Nigerian Children from Anti-Boko Haram Force

OCHA/Yasmina Guerda
A camp for conflict-affected people in Rann, north-east Nigeria.

UN Welcomes ‘Milestone' Release of 833 Nigerian Children from Anti-Boko Haram Force

NEW YORK, 12 October 2018 / PRN Africa / -- “This is an important development for boys and girls of north-east Nigeria whose lives have been deeply affected by violence and insecurity,” said the UN Special Representative for Children and Armed Conflict, Virginia Gamba. “I also want to highlight that today's release of children is the result of months of productive work and collaboration between the CJTF and the United Nations… We expect more children to be separated from the CJTF soon.”

Buhari Won the Presidential Elections in 2003, 2007 and 2011- Fomer US Ambassador Campbell

Channels TV:
In your book, you refer to Muhammadu Buhari as the candidate who won the most votes in each of the last three elections in Nigeria, and was defeated by his opponents rigging efforts, how did you arrive at that?

John Campbell:
You arrived at that conclusion by talking with people who were intimately connected with the entire process. Dt included individuals but also NGOs, NGOs that were foreign based and that were Nigeria based. And the rigging took place not so much at the actual polling places, but rather at the places where all the polling results were brought together.

Channels TV:
Was this information from the INEC perhaps?

John Campbell:
Well INEC, I was the US ambassador at the time, and working officially with INEC. All INEC gave me was their talking points.

Nigeria: Forward Ever, Backward Never!

FORWARD EVER, BACKWARD NEVER!

Those whining about hardship in Nigeria and expecting to magically land in the Promised Land flowing with milk and honey remind me of the ignorant and ungrateful pessimistic Jews lamenting after crossing the Red Sea and started cursing Prophet Moses and Aaron that they preferred to return to their days in Egypt.

Those who want to return to the days of looting by wheeler dealers in the corridors of power in Abuja are the enemies of our progress. And I say this without apologies and without regrets.
They are those who don't want to make sacrifices for the nation building of a New Nigeria. I know Who is Who in Nigerian political leadership since working for the Alhaji Bamanga Tukur's presidential campaign in 1990.

The Secret Chinese Arms Trade in the Horn of Africa and Spread of Terrorist Groups

PRESS RELEASE

The Secret Chinese Arms Trade in the Horn of Africa

China is actively positioning itself as a major supplier of arms to the African continent and is stepping up its shipments of weapons to conflict zones through Djibouti in the Horn of Africa.

To Support President Muhammadu Buhari is a Patriotic Duty

To support and vote for President Muhammadu Buhari for second term is not a personal choice, but a patriotic duty to save Nigeria from being relooted by political criminals and their ass lickers who have no conscience and no shame. This is a war between light and darkness; between good and evil.

Obasanjo's Endorsement Of Atiku Will Not Distract President Buhari

State House Press Release

Obasanjo's Endorsement of Atiku Will Not Distract President Buhari

The Presidency has received the news of former President Olusegun Obasanjo’s predictable U-turn and somersault on the endorsement of the PDP candidate, Atiku Abubakar, at a meeting Thursday, and to say that we are the least surprised by the well-rehearsed theatre.

They will lose together. Listening to the prepared statement of the former President after the meeting showed the usual ego trip and “I know it all” character of Chief Obasanjo.

In the first place, we dare to say that a pompous statement from the former President advising Nigerians on a vote against President Buhari is the best recommendation that can come at this time.

Video of October 2018 World Economic Outlook

Transcript of the Press Conference on the Release of the October 2018 World Economic Outlook

WASHINGTON, 09 October 2018 / PRN Africa / -- Participants:

Maurice Obstfeld, Economic Counsellor and Director of the Research Department

Gian Maria Milesi‑Ferretti, Deputy Director, Research Department

Wafa Amr, Senior Communications Officer, Communications Department

Maurice Obstfeld.

Ms. AMR: Good morning, everyone. Thank you for attending the World Economic Outlook press conference this morning. I would like to introduce Maury Obstfeld, Economic Counsellor and Director of the Research Department. And Gian Maria Milesi-Ferretti, Deputy Director of the Research Department and he oversees the production of the World Economic Outlook. Maury will give remarks and then we will take questions.

I would like to tell you that translation that is available. Channel one is English. Channel two, Bahasa. Channel three, Spanish. Channel four, Arabic. Channel five, French. Channel six, Chinese. And channel seven, Portuguese.

Maury, over to you.

MR. OBSTFELD: Thank you very much, Wafa. Good morning, everyone. I would like to say, first of all, a very big thank you to the government of Indonesia, the people of Indonesia, whose collaboration in putting together this set of Annual Meetings has been remarkable.

Over A Million Displaced Persons Reunited With Loved Ones, Rebuilding Of Destroyed Communities Underway - VP Osinbajo

Office Of The Vice President

Press Release

Over A Million Displaced Persons Reunited With Loved Ones, Rebuilding Of Destroyed Communities Underway - VP Osinbajo

*Restates FG’s commitment to the release of persons still in Boko Haram captivity

Aside from the ongoing military operations that have significantly degraded the Boko Haram insurgents, over a million people displaced by the insurgency have been restored as efforts to rebuild destroyed their homes and communities are underway, according to Vice President Yemi Osinbajo, SAN.

Prof. Osinbajo said this on Saturday, during the Passing Out Parade of the 65 Regular Course (Army) and 66 Regular Course (Navy and Air Force) held at the Nigerian Defence Academy (NDA), Kaduna State.

The Vice President added that the Buhari administration is also committed to ensuring the release of all persons including young women and men held in Boko Haram captivity.