Innovation

Avanti partners MainOne to improve broadband penetration with converged solution

Avanti partners MainOne to improve broadband penetration with converged solution

Business, Innovation
The companies made this announcement on Friday at Nerds Unite, an annual IT conference hosted by MainOne Avanti Communications Group plc (Avanti) (AvantiPlc.com) a leading provider of satellite data communications services in Europe, the Middle East and Africa (EMEA) and MainOne (MainOne.net), a premier connectivity and data centre solutions company in West Africa, have signed an agreement to jointly improve broadband penetration across Nigeria by providing the latest KA-band based satellite communication services to enterprises located in remote areas of the country. The companies made this announcement on Friday at Nerds Unite, an annual IT conference hosted by MainOne. Such services are most critical for the Oil and Gas sector, and for the delivery of social and educational service...
Standard Chartered launches second wave of digital-only retail banks across four African markets

Standard Chartered launches second wave of digital-only retail banks across four African markets

Business, Innovation
Roll-out of banking service follows successful pilot launch in Côte d’Ivoire in 2018 Standard Chartered (SC.com) today announced the start of the second phase of its digital-only retail bank across Africa. In response to growing consumer demand for innovative banking services on the continent, the Bank will launch its digital solution in four key markets during the first quarter of 2019 starting in Uganda in January, followed by Tanzania in February, with Ghana and Kenya to follow. Following the successful launch of Standard Chartered’s first digital retail bank in Côte d’Ivoire last year, the second phase builds on the original CDI platform that onboards clients in under 15 minutes and provides 70 of the most common service requests. The updated digital bank provides enhanced se
Stakeholders Laud Air Peace’s All-female Crew Flight

Stakeholders Laud Air Peace’s All-female Crew Flight

Innovation, Inside, News, TRANSPORTATION, Working Woman
Stakeholders in the aviation industry have commended Air Peace on its first all-female crew flight with its first female captain, Sinmisola Ajibola, in command. The Minister of State for Aviation, Senator Hadi Sirika, said the airline had joined the league of airlines that had operated flights with only women in charge of the cockpit, cabin, engineering and dispatch. The minister, who was represented by the Director, Safety and Technical Policy, Ministry of Transportation, Capt. Talba Alkali, received the flight in Abuja and said the feat had shown the airline was gender friendly. He said Air Peace’s all-female flight was the first time a Nigerian airline was deploying high capacity aircraft such as the Boeing 737 with only Nigerians in charge. “Air Peace has made a tremendou
EFInA Sees Huge Fintech Opportunities in Nigeria

EFInA Sees Huge Fintech Opportunities in Nigeria

Features, Innovation, Inside, News, TECHNOLOGY
The Enhancing Financial Innovation and Access (EFInA) has raised the hopes about huge market opportunities for Financial Technology (Fintech) companies in Nigeria. At a forum it organised in Lagos, EFInA, a financial development organisation funded by DfID and Bill and Melinda Gates Foundation, said to really explore the opportunities in underserved and unserved areas in the country, Fintech operations can be expanded to accommodate them. EFInA, launched in 2009, disclosed that through its Innovation Fund, it targets the economically deprived population, saying the fund shares risks with Financial Service Providers (FSPs) by providing grant subsidies through the Technical Assistance Grant and the Innovation Grant to the amount of $250,000 and $2,000,000 respectively. The focus are...
How Smart Technologies Will Drive Africa’s Electrical Expansion

How Smart Technologies Will Drive Africa’s Electrical Expansion

Africa, Business, Innovation, Inside, Tech, Technology, Urban
The use of advanced metering technologies is steadily on the rise in Africa, but, to evolve the business models of the electrical utilities operating on the continent, utilities still need to harness the full digital potential of technologies such as smart metering.   This is according to Abraham Ortega, Senior Executive Consultant at state-of-the-art electrical equipment and solutions provider, Hexing, who says that smart meters have already improved the operation of many utilities, contributing to increased grid stability. “However, smart metering is just the tip of the iceberg. When incorporated into an advanced, fully integrated system, utilities will be able to significantly change the way that they operate. The continuing challenges faced by utilities can only be overcome by introd
UBA Launches Chatbot in Five African Countries

UBA Launches Chatbot in Five African Countries

Africa, Innovation, Inside, News
United Bank for Africa Plc has announced the launch of its flagship chat banking personality, named ‘Leo,’ in Cameroon, Zambia, Cote D’Ivoire, Senegal and Congo. The lender said in a statement that the chatbot, which it described as very active in Nigeria, would change the face of e-banking across key African markets. UBA said it brought ease to the customers in Nigeria, as it aided them with numerous transactions since the beginning of the year when it was officially launched in Lagos. It said the launch would enable customers and non-customers of the bank to make use of their social media accounts in carrying out banking transactions from their devices. The bank said the chatbot had come into the African market with new and additional features, while delivering lifestyle and
FG Completes 90% of Vehicle Emission Testing Centre

FG Completes 90% of Vehicle Emission Testing Centre

Innovation, Inside, News
The Federal Government says it is forging ahead with its implementation of the automotive industry development policy geared towards encouraging automakers to set up vehicle production plants in Nigeria. As part of the arrangement, it said over 90 per cent of a vehicle emission testing centre being built in Ikorodu, Lagos had been completed. The Director-General, National Automotive Design and Development Council, Jelani Aliyu, who gave the indication in Lagos, said the centre was being developed along with two other auto test centres to ensure that vehicles coming out of Nigerian auto plants met acceptable international standard. He spoke through the Director, Industrial Infrastructure at the council, Waheed Adetoro, during the roll-out of the Tata’s 200th Nigeria-assembled vehic
Diamond Bank Partners MTN, Others To Unveil Tech Fest

Diamond Bank Partners MTN, Others To Unveil Tech Fest

Enteprise, Innovation, Inside, News, TECHNOLOGY
Diamond Bank has partnered with major players in the Information and Communication Technology (ICT) industry to launch “Tech Fest”, a platform for technology entrepreneurs, to showcase their innovations. Speaking at the official unveiling of Tech Fest in Lagos, Chief Executive Officer of Diamond Bank (CEO), Uzoma Dozie, said, “Tech Fest, for me, is a platform that we can share with our customers to help them get the best of technology and to partner to run better businesses.” Dozie added that, “If there is one thing we have learned at Diamond, it is that you can’t do everything on your own and you need to collaborate if you are going to win and be the best at what you do.” The event slated for May 15 and16, 2018, in Lagos, will hold in partnership with MTN, Visa, Microsoft, NIBSS,
Explorer Driving Electric Nissan Car Across Africa Arrives in Nigeria

Explorer Driving Electric Nissan Car Across Africa Arrives in Nigeria

Innovation, Inside, News, TRANSPORTATION
The fear that Nigeria and many African countries may not be ripe for electric cars may soon vanish with the arrival in Nigeria of a Polish explorer, Arkady Pawel Fiedler, driving Nissan Leaf, considered the world’s most popular electric vehicle, across the continent. Fiedler, who inaugurated the first electric vehicle expedition in February this year with Nissan Leaf car travelling from Cape Town, South Africa via West Africa to Europe by road, said in Lagos on Tuesday that he embarked on the trip with the hope of encouraging people to take to electric vehicles. His concern is the pollution emanating from vehicles using diesel and petrol engines. Fiedler drove alongside his companion, Albert Wojtowicz, an architect cum photographer, in an entirely first generation electric Nissan
BMW Plans New EVs, May Halt i3, i8 Production

BMW Plans New EVs, May Halt i3, i8 Production

Innovation, Inside, News, TECHNOLOGY, TRANSPORTATION
As BMW has confirmed that it is about to unveil a series of new all-electric vehicles this year, a company executive has said that the automaker is considering getting rid of its current only all-electric vehicle, the BMW i3, and their plug-in hybrid of the same sub-brand, the BMW i8. In an interview with Automotive News, the Head of Electric Powertrain for BMW, Stefan Juraschek, said that those vehicles were “technology showcases” and they could not expand into a family. He said, “These cars are very unique. These two cars were not [developed] as a family that we can expand in different [ways] or maybe five or 10 derivatives.” The report described it as an interesting comment amid the company announcing that it would bring to market a new vehicle in the ‘i’ sub-brand. Jurasc