Featured post @ITREALMS
Wednesday, October 28, 2020
Innovative Forum: NITDA applauds NITRA, highlights COVID-19 recovery programmes - ITREALMS
African payments for African development - ITREALMS
| The statistics that hover uncertainty around Africa are not ones that should make the continent proud. The World Bank has estimated that Africa could potentially hold 90% of the global poor population by 2030 and has recently cut its economic growth predictions to between -2.1% and -5.1% in 2020 from the 2.4% of 2019. The situation has been significantly worsened by the global pandemic, as the continent hits its first recession in 25 years. But this is not the picture that defines a continent that has long defied expectation and prediction. In fact, a young population, a growing consumption market, and the rapid movement towards mobile inclusion and connectivity are shifting the conversation. Africa is poised on the cusp of change introduced by mobile and internet technology. Africa has undergone a remarkable journey over the past 30 years. It has not only leapfrogged legacy technology and systems into a more relevant future, but it has done so in spite of challenging circumstances. This is particularly relevant when it comes to mobile – the technology, the connectivity, and the financial inclusion. To date, according to the GSMA 2019 Mobile Money Report, there are more than one billion mobile money accounts in Africa that account for 57% of mobile money transaction values. Over the next five years, also according to the GSMA, it’s expected that 84% of Africans will have access to a SIM connection and that mobile payments will play a critical role in empowering individuals, businesses and the economy as a whole. This is the principle that’s dominating the current approach taken by the World Bank in an effort to provide Africa with much needed support in the wake of COVID-19. The organisation is focusing on putting women at the centre of digital payment programmes and leveraging digital technologies to improve trade, government and resource management. This underpins the organisation’s focus on national payment systems that are secure, affordable and accessible as these are the tenets that underpin an economy that’s focused on financial inclusion and stability. African payment solutions are critical to minimising fraud while improving the free flow of funds to boost business and economic activity. Payment technology that allows for individuals from all walks of life to manage their money securely is the equivalent of putting a bank into every person’s pocket. Digital payments equalise engagements while improving transparency and control over finances and business. They also empower the small to medium enterprises (SMEs), giving them greater scope for inclusion and access to customers and markets. This has become particularly true in the current environment. Digital payments are now, more than ever, the key to unlocking business growth on the continent. The rigorous regulations put in place by African countries to minimise the impact of the virus have led to inventive approaches to shopping and living. Digital payment platforms are significantly safer than cash and are increasingly being leveraged by governments and organisations to improve customer access to resources and services. According to a study released by McKinsey & Company in June 2020, ‘innovation in payments should be one component of the industry’s response to the crisis’, and this should include promoting awareness of digital payments, partnering with other industries, and introducing new and relevant products. In Africa, digital payments are more than just keys to open the doorways of financial inclusion, they are increasingly the steps that will take the continent out of recession and into a more dynamic and inventive future. This view is echoed by the investments made by the World Bank and organisations such as SWIFT and Bluecode Africa; programmes such as the African Continental Free Trade Area (AfCFTA), and the International Monetary Fund [IMF]. Investments that include cross-border payment platforms increased commerce capacity, cost management, digital innovation, and the empowerment of individual, micro-enterprise and SME. It’s time to educate businesses and individuals as to the costs and risks of cash as opposed to digital. To showcase the value of digital payments in not just opening up new markets and opportunities, but in providing tighter cash flow control at a better price point than cash. The continent may not be showered in stunning statistics, few continents are at this point in time, but it is hovering on the edge of a future that has the potential to transform poverty, business and economy. *Contributed by Murray Gardiner, MD of Bluecode Africa |
DHL cart 4 gold 2020 Stevie Awards for Women in Business - ITREALMS
The awards make DHL Global Forwarding the world’s first freight forwarder winning such a number of Gold Stevies in one year
Success for the company’s “Women at DHL Global Forwarding” initiative as the team took home four gold awards in a field of over 1,500 participants, reports ITREALMS.
“Women at DHL Global Forwarding” a diversity initiative at DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, has been recognized for its achievements in promoting diversity in the workplace. The initiative has won Gold Stevie Awards in four categories - winning organizational as well as individual awards. More than 1,500 nominations were submitted for consideration to the jury.
“The development of talented women in our organization is a focus for us all at DHL Global Forwarding. We aim to bring a greater number of women into leadership positions and our initiative ‘Women at DHL Global Forwarding’ is the main driver for that,” says Tim Scharwath, CEO DHL Global Forwarding, Freight. “Diversity, Inclusion and Belonging are part of our organization’s core values and we look forward to continuing on build a great workplace where everyone is welcome."
DHL Global Forwarding is the first freight forwarder being selected for such a high number of awards in one year. The categories honoring DHL Global Forwarding are: Achievement in Developing and Promoting Women, Female Executive of the Year – Business Services – More Than 2,500 Employees’, Event of the year and Achievement in Human Resources.
Eva Mattheeussen, Head of Human Resources at DHL Global Forwarding Middle East and Africa, and Global Project Lead of ‘Women at DHL Global Forwarding’, received the Gold Stevie Award in the category ‘Female Executive of the Year – Business Services – More Than 2,500 Employees’. Eva says: “I am very proud of what we have accomplished with this project, which goes beyond building a strong community of women. It also focuses on bringing along allies to take active part in building a balanced workplace.”
‘Women at DHL Global Forwarding’ won the first place in three more categories
The initiative was awarded in the categories ‘Achievement in Developing and Promoting Women’ and ‘Achievement in Human Resources’. The initiative's goal at DHL Global Forwarding is to promote a cultural mindset with focus on equal opportunities by offering work arrangements, transparency, and career support. Align with the cultural mindset, a new talent management program as well as mentoring and networking initiatives were implemented as additional measures. The ‘Women at DGF Virtual Learning Series’ hosted once per month throughout 2020 were honored as ‘Event of the Year’. The series are offered to all employees and cover topics such as personal and career development at DHL Global Forwarding.
Deutsche Post DHL Group, as a global company, values the diversity of its employees as a genuine strength. The Deutsche Post DHL Group brings together over 500,000 people from a wide range of cultural backgrounds – all with different skills, experiences and viewpoints. The group-wide engagement has been recognized second place in this year’s Grand Stevie Award trophies. Grand Stevie Award trophies are presented to five organizations that submitted the best body of entries to the competition. Deutsche Post DHL Group is among the Grand Stevie elite for the third year in a row.
FG declares Thursday, October 29 public holiday to mark Eidul-Mawlid - ITREALMS
U.S. Consulate opens application for 2020 Academy for Women Entrepreneurs - ITREALMS
The United States Consulate General in Lagos on Tuesday has called for applications for the 2020 Academy for Women Entrepreneurs (AWE), a U.S. Government initiative that supports women entrepreneurs around the world.
For the second annual AWE, we will select 120 female entrepreneurs from across southern Nigeria to receive virtual and in-person training and mentoring. To support the comprehensive rehabilitation and reintegration of returned migrants, we will select 20 female returnees to take part in the programme.
ALSF names 2 new management board team - ITREALMS
The African Legal Support Facility (ALSF) has named two new members into its management board, reports ITREALMS.
Christine Anyango Agimba and Ambassador Arve Ofstad.
Ekiti: Fayemi presents N109.60bn 2021 budget - ITREALMS
The budget christened “Budget of Recovery and Economic Restoration” has N51,668,386,739.99 as capital expenditure representing 47 per cent, and the sum N57,997,989, 982.62 representing 53 percent as recurrent expenditure.
#LekkiMassacare: Nigerian Army maintained LASG invited us to avoid anarchy - ITREALMS
The Nigerian Army (NA) has maintained that soldiers did not shoot at protesters at the Lekki Toll Gate area of Lagos State, even as their intervention was at the instance of the Lagos State Government (LASG), reports ITREALMS.
The Acting Deputy Director, 81 Division, Army Public Relations, Major Osoba Olaniyi in a statement on Tuesday, available to ITREALMS, described reports of a massacre by the officers as “untrue, unfounded, and aimed at causing anarchy in the country”.
Olaniyi also stated that the decision to involve the military was taken by the Lagos State Government after a 24-hour curfew was imposed.
“This was a result of the violence which led to several police stations being burnt, policemen killed, suspects in police custody released, and weapons carted away.
“The situation was fast degenerating into anarchy. It was at this point that the LASG requested for the military to intervene in order to restore normalcy,” the statement read in part.
This is coming days after the Nigerian Army had been accused of opening fire on the protesters at the Lekki Toll Gate on Tuesday, October 20.
The incident came hours after the state government declared a 24-hour curfew as part of efforts to stop the violence which had broken out in some parts of the state by criminal elements hijacking the protests.
Although the curfew was to commence at 4:00 pm, but later shifted to commence for 9:00 pm, many were still seen protesting across the state.
At the Lekki Toll Gate which had been one of the major converging points, peaceful and unarmed protesters were also still seen gathered in large numbers.
The situation, however, took a turn for the worse around 7:00 pm when the security operatives stormed the area and started shooting sporadically.
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| NA Press Release |
ITREALMS gathered that although videos that surfaced soon after online showed men in military uniform firing gunshots, the military immediately debunked the allegations, describing them as ‘fake news’.
Lagos opens daily markets - ITREALMS
The Lagos State Governor, Mr. Babajide Sanwo-Olu has approved that all markets in the state be opened daily for normal business, reports ITREALMS.
He pointed out that the governor also advised the continued observance of all safety protocols in and around the markets.
Ahmed noted that traders and their customers must adhere strictly to the COVID-19 protocols for their safety and the citizenry at large.
Ayo Midele/Editor
Tuesday, October 27, 2020
#EndPoliceBrutality: Delta NUJ council bans media coverage of Police - ITREALMS
"We are sombre that the police could be insensitive to the plight of our member who is lying at the hospital yet without any care and attention from those who inflicted the injury on him," said the Delta State Council chairman, Comrade Michael Ikeogwu, and Secretary, Comrade Patrick Ochei, in a press statement available to ITREALMS.






