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Friday, May 18, 2018

Nigeria: O-Mobile gets $10m grant to promote digital economy

A Nigerian firm that specializes in technology-based financial and agricultural services development, O-Mobile Multimedia Limited, has obtained a grant of $10m, about N3,605,000,000 billion, from So.Sui.Ben Foundation, a Swiss-based non-governmental organization that promotes development in Africa, reports ITRealms.

The grant, ITRealms gathered, is to promote digital economy on African continent, was facilitated by AfriCunia Limited, trading as AfriCunia Bank, an innovative banking technology firm headquartered in United Kingdom.

A press statement made available to ITRealms quoted the Chief Executive Officer, O-Mobile Multimedia Limited, Mr. Benjamin Aduli, as saying, the focus of the pact is to promote and deepen knowledge of the practice of digital-based services among Africans and thereby reduce poverty.  

“We are excited about this ground-breaking pact which involves the creation of awareness about digital banking opportunities, educating governments and the general public about digital banking opportunities. We will be developing applications that will help Africans utilize digital banking technology and reduce poverty on the continent,” he said.

Aduli also said that the company would offer its multimedia business academy and provide free, digital and multimedia training to all interested micro, medium, small and small enterprises in Nigeria through a network of 1,200 O-Mobile academy centres that are currently being set up across the country.

President, AfriCunia Bank, Don Chancellor, was also quoted saying that the time had come to tackle poverty in Africa using every available means adding that technology will help do this.

“Development needs to be fast-tracked in Africa and we are committed to the continent’s growth through digital banking products and services.  We are very elated about this opportunity to develop MSMEs across Nigeria and Africa and make them globally competitive in this era of technology. We have already started the hardwork. Working with O-mobile and So.Sui.Ben affords us the opportunity to quickly reach the unbanked and unconnected and give them access to first-world banking infrastructure and services. We believe that our partnership with a firm that already understands technology and has wide presence in Nigeria will help us quickly accomplish our goal,’’ Chancellor commented.

Aduli stated further that the company had already commenced work and hoped to sign-up at least 500,000 digital banking customers for AFRICUNIA BANK within 90 days globally. 

He said O-mobile had already commenced rolling out the first agency group network in Africa that will take financial, telecoms, insurance, educational, agricultural extension services and data mining services to the unbanked and unconnected in the continent.

Ayo Midele/GEE

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