Tuesday, January 13, 2026
23.5 C
Lagos
Home Blog Page 327

Apple Eyes 4,000 Indian Experts to Boost Maps Service

0

Apple has opened a new office in Hyderabad that will focus on development of Maps for its products. The company said that the investment will accelerate Maps development and create up to 4,000 jobs.

“Apple is focused on making the best products and services in the world and we are thrilled to open this new office in Hyderabad which will focus on Maps development,” said Tim Cook, Apple’s CEO.

“The talent here in the local area is incredible and we are looking forward to expanding our relationships and introducing more universities and partners to our platforms as we scale our operations.”

Apple has been continually updating and adding new features to Maps, including 3D views, the Flyover feature and tools to help customers find convenient places to shop, eat and explore nearby areas. With iOS 9 Apple added Transit, offering a combination of trains, subways, buses and walking, which is already available for more than 300 cities around the world.

The new facility, located on the Waverock campus, will provide a LEED-certified home for the expanding Maps team.

“We are honored Apple chose Hyderabad as a home for its Maps development office,” said Telangana Chief Minister Kalvakuntla Chandrashekar Rao. “This will create thousands of jobs here and is a testament to our proactive approach, quality infrastructure and the excellent talent base we have in the region.”

TMT, IHS Towers Plan Finance Africa Summit in Lagos

0
TMT, IHS Towers Plan Finance Africa Summit in Lagos

TMT Finance the global telecom investment news and events provider, and IHS Towers, the largest mobile telecommunications infrastructure provider in Africa, Europe and the Middle East, have announced the launch of the inaugural TMT Finance Africa in Lagos, Nigeria Conference on September 20, 2016.

The conference will gather key leadership from telecom, media and technology companies, global and regional financial institutions, government representatives, investors, professional and legal advisers to assess the best opportunities for co-investment and partnership across the Africa.

“We are delighted to partner with TMT Finance for this event which will bring key telecom, media and technology focused international institutions and investors to Lagos,” said IHS Towers Co-founder and Interim IHS Nigeria CEO Mohamad Darwish. “Nigeria, being Africa’s largest economy, has always been a large hub for investments into Africa, and this Lagos event is proof of this continued phenomenon. As telecommunications, media and technology continue to converge, sustaining investment in development is critical to the sector. We hope that this conference will create a valuable platform for all players in the region to contribute to an exchange of ideas.”

“We are excited to have the opportunity to partner with IHS, and bring the conference series and our global network of industry and finance executives to Lagos for the first time,” said Dominic Lowndes, Managing Director of TMT Finance.

“Lagos has become a critical hub for investment in telecoms infrastructure and services across Africa and the event will assess some of the most exciting opportunities for partnership and investment worldwide.”

Over 20 speakers have already been announced for the event, including key C-level financial decision makers from MTN, Bharti Airtel, IHS Towers, MainOne, Standard Bank, IFC World Bank, First Bank Nigeria, Africa Internet Group and Access Bank.

In total, over 50 key speakers will be announced, including leading regional telecom and tech CEOs, CFOs and Strategy Heads, Regulators, Policy Makers, Global and Regional Heads of leading financial institutions, investors and advisers. The agenda will feature a series of Leadership Panels, Peer to Peer Round Tables, Keynotes and Breakout Networking session.

Key session themes announced include: Telecom Leadership Africa: Broadband Infrastructure Investment; Digital Africa; Mobile Infrastructure Strategies; Mergers and Acquisitions; Private Equity Africa Roundtable; Regulation and Policy; Financing Telecoms; Broadband Infrastructure; Investing in Mobile Data and Services; Mobile Banking, Fintech and M-Health; and Media and Convergence.

“We are inviting companies and representatives from across the region, as well as global players, to participate and we encourage local players to contact us if they would like to take part,” said Lowndes. “We will announce the first round of key speakers in May.”

TMT Finance events provide a unique platform for facilitating dialogue between leading industry executives and the global financial and advisory community.

Speakers and delegates are telecom, technology and infrastructure CEOs, CFOs, CSOs, MDs and Heads of M&A, investment banking heads, private equity investors, government representatives, regulators and specialist legal and strategic advisers and thought leaders.

Worldwide Smartphone Sales Grew 3.9% in 1st Qtr 2016

0
mobile broadband modem

Global sales of smartphones to end users totaled 349 million units in the first quarter of 2016, a 3.9 percent increase over the same period in 2015, according to Gartner.

Smartphone sales represented 78 percent of total mobile phone sales in the first quarter of 2016.

Smartphone sales were driven by demand for low-cost smartphones in emerging markets and for affordable 4G smartphones, led by 4G connectivity promotion plans from communications service providers (CSPs) in many markets worldwide.

“In a slowing smartphone market where large vendors are experiencing growth saturation, emerging brands are disrupting existing brands’ long-standing business models to increase their share,” said Anshul Gupta, Research Director at Gartner.

“With such changing smartphone market dynamics, Chinese brands are emerging as the new top global brands. Two Chinese brands ranked within the top five worldwide smartphone vendors in the first quarter of 2015, and represented 11 percent of the market. In the first quarter of 2016, there were three Chinese brands – Huawei, Oppo and Xiaomi – and they achieved 17 percent of the market.”

Oppo had the best performance in the quarter, moving into the No. 4 position with unit sales growth of 145 percent. Like Huawei and Xiaomi, Oppo saw strong growth in China, taking share from players such as Lenovo, Samsung and Yulong. Huawei saw strong smartphone demand in Europe, the Americas and Africa, while Xiaomi and Oppo saw their smartphone sales in emerging Asia/Pacific rise by 20 percent and 199 percent, respectively.

In the first quarter of 2016, Samsung extended its lead over Apple with 23 percent market share. “Samsung’s Galaxy S7 series phones and renewed portfolio positioned it as a strong competitor in the smartphone market, and more so in the emerging markets where it has been facing fierce competition from local manufacturers,” said Gupta.

Apple had its first double-digit decline year on year, with iPhone sales down 14 percent. Apple’s “upgrade program” in the U.S. has helped sweeten its flagship iPhone 6s and 6s plus model pricing to drive sales in its largest smartphone market. Apple is also exploring ways to refarm second-hand iPhones coming through the program in emerging markets.

Lenovo disappeared from the top five smartphone vendor ranking as well as the top 10 mobile phone vendor market in the first quarter of 2016. “Lenovo had another challenging quarter with its worldwide smartphone sales declining 33 percent,” said Gupta.

“Its smartphone sales fell by 75 percent in Greater China, where it faced strong competition from local brands. Lenovo is also struggling to bring synergies with Motorola’s device business, managing lower costs and overheads of the two brands.”

In terms of the smartphone operating system (OS) market, Android regained share over iOS and Windows to achieve 84 percent share.

MTN Digital TV Goes Live TODAY!

0
MTN

Nigerians Embraces Convergence as MTN launches Nigeria’s 1st converged Digital TV and OTT-VOD service.

Nigeria takes a bold step into the era of Telecommunications, Broadcasting and Media convergence as MTN Nigeria launches the pilot of its digital television broadcasting service in Jos, Plateau State.

The TV service, which went live today [Thursday, 26 May 2016], is sequel to the issuance of a digital broadcast licence to MTN by the Nigerian Broadcasting Corporation (NBC) last year.

According to Ferdi Moolman, CEO, MTN Nigeria, “MTN is committed to providing Nigerians with innovative digital platforms which will enhance the way we live, work and play. Once we commence full commercial activities, the TV service will deliver an exciting bouquet of rich local and international content to Nigerians. In addition, subscribers will have the freedom to watch their favourite programmes when they choose to via MTN VOD service, rather than having to watch at a specific broadcast time. This will be the first fully converged broadcast and OTT-VOD service to launch in MTN.”

“Indeed, the launch of MTN TV is another bold demonstration of MTN’s abiding faith in the future of Nigeria, driving growth and development by enabling Nigerians keep pace with the latest global trends and converged solutions.”

Elaborating further, MTN Nigeria Executive, Lynda Saint-Nwafor said “MTN’s vision is to lead the delivery of a bold new digital world. We are committed to exploring opportunities and avenues to expand our digital footprint and value offering to our customers. We are therefore constantly seeking appropriate channels to place the latest technologies and services in the hands of Nigeriansand this is one of such.”

Nigeria, 9 Others Account for 92% of Insurance Premium in Africa

0
AIO

A panel report from the 43rd African Insurance Organisation [AIO] conference held recently in Marrakech, Kingdom of Morocco, says that Nigeria and nine others account for over 92 per cent of written insurance premium in Africa.

Other observations in the report include:
· The African insurance Sector accounts for barely 1.5% of the World Insurance market in 2015, out of a world GDP of 3.2%;

· Over 60% of written premiums on the African continent comes mainly from South Africa;

· The average insurance penetration rate stands at 2.8% as against a world average of above 6%. (1% excluding South Africa)

· A significant improvement observed with regard to the accessibility, regulatory and financial solidity conditions for local actors;

· The sharp growth of African economies over the past decade, in relation to the growth figures of other continents, comprises one of the factors driving the development of African Insurance;

· Sustained developments in the regulatory framework attesting to the awareness of African countries on the need to provide clear and encouraging solutions with respect to investments in African Insurance;

· The strong will of African countries to undertake major infrastructural projects will help make up for the delay in the penetration rate of insurance, in terms of contributions to GDP;

· A marked dominance of written premiums on the South African market;

· 92% of written premiums on the African Continent derive mainly from 10 African countries (South Africa, Morocco, Egypt, Nigeria, Kenya, Algeria, Angola, Namibia, Tunisia and Mauritius);

· The contribution of Insurance to GDP falls slightly below the world average (6.2%); considering that the penetration rate is still below 1% in more than half of the African continent;

The development items produced by this same Barometer are:
· The setting up of efficient oversight and compliance mechanisms for rules and regulations;
· The setting up obligatory insurance cover leads to improvements in the insurance penetration rate in Africa;
· The creation of oversight mechanisms with regard to the celerity in the management and settlement of claims;
· The drafting of prudential and good governance regulations in the sector;
· Improving African skills and know-how on the technicalities and insurance of local risks will provide an adequate response to premium retention and conservation on the continent;
· Improving the accessibility of the population to financial services will serve as a springboard for the development of micro-insurance;
· Increase capitalisation and technicality in a drive to address the threat of premium drain from the continent.

Interswitch Drives Healthcare with Innovative Solution

0
Interswitch new logo

Interswitch Transnational, Africa’s leading digital payments and commerce provider is set to spark off transformation of Nigeria’s health sector with the launch of Interswitch Hospital Management Solutions (IHMS), a shared outsourcing infrastructure to help manage non-core functions such as patient record keeping, Claims Management and other administrative services.

The solution enables Care Providers to focus on their most essential services without being burdened by time-consuming data management tasks, giving them the ability to pay added attention to keeping their patients healthy.

It changes the way Clinicians, Doctors and other medical professionals manage patient information from registration to payment. Other services offered as part of the solution include Claims Processing, Integrated Payments and Reporting, Claims Dispute Arbitration and Settlement, Biometric Patient Identification at hospitals, Capitation Payments Tracking, seamless Patient Eligibility Management and secure patient data hosting and mining with global standards.

Speaking about the benefits offered by IHMS, DCEO Industry Vertical Markets, Interswitch, Chinyere Don-Okhuofu commented, “Healthcare in Nigeria is plagued by severe challenges from lack of adequate technology infrastructure and high operational costs to manual submission and processing of health claims. As it currently stands, Healthcare Providers and Insurers simply do not have the capacity to manage all of these non-core functions, while still giving their patients the proper care they need.

Interswitch Health Management Solution has been developed to address this issue. Patient processing in health facilities is well integrated from front desk to nursing, doctors to diagnostics, inventory to billing, allowing medical entrepreneurs track cost and revenue in real-time.

Patients will enjoy seamless access to quality healthcare and the multiple functionality of their cards, which include care, payments and savings.

With IHMS, Regulators also have access to quality information for policy making, reduced industry fraud rates, effective government interventions and centralized electronic medical records”.

Health Providers registered on the platform will have their patient records transferred and hosted on a secure server, which allows the flexibility of using World Health Organisation’s ICD 9 or 10 coding. Patients visiting the hospital for treatment may opt to be issued a Chip and PIN-based card used for identification, storing medical history and payments for medical services.

The solution makes it possible to submit claims or bills to the HMO and track payment easily after service has been delivered.
Chinyere went further to explain the benefit to Health Insurers saying;

“The several benefits of IHMS to Health Insurers include reduced fraudulent claims, efficient revenue collection & expense management, improved patient satisfaction, streamlined and standardized operations, improved resource planning & allocation and market share growth due to outsourcing of non-core operations. Hospitals also enjoy quick Claims submission process and timely Claims settlement.”

It can be recalled that recently, Interswitch launched Card Transaction Control, which allows Nigerians to take control of their transaction security.

IHMS is another step by the brand that further reinstates its position as a market leader with the interest of Nigerians at heart.

NSE Admitted into Gold Community of Global Reporting Initiative

0
NSE

The Nigerian Stock Exchange [NSE] has announced admittance into the GRI Gold Community by Global Reporting Initiative (GRI).

The GRI is an international independent organization that helps businesses, governments and other organisations understand and communicate the impact of business on critical sustainability issues such as climate change, human rights, corruption and many others.

According to Michael Meehan, Chief Executive of GRI, “The GOLD Community is made up of leading organizations that are helping GRI shape the future of sustainability. GOLD Community members are the core of GRI’s global network and through their participation they play a crucial role in enabling us to carry out our mission,” said GRI Chief Executive Michael Meehan.

The NSE joins other stock exchanges such as BM&F Bovespa (Brazil), SIX Group (Switzerland), Deutsche Boerse, Taiwan Stock Exchange and NASDAQ as GRI Gold Community Members .

Commenting on this development, the Head of Corporate Services Division, NSE, Bola Adeeko said ‘’this recognition affirms our commitment to drive sustainable and responsible actions in the marketplace, workplace, community and environment. It is a call to greater responsibility to promote best practices initiatives and we will continue to partner with GRI to raise the bar in our operating environment.”

The Exchange became an Organisational stakeholder of the Global Reporting Initiative (GRI) in October 2015 and has collaborated on a number of initiatives aimed at increasing the sustainability performance and disclosure in the Nigerian Capital Market.

Currently, the Exchange is implementing a phased strategic plan that will stimulate the appropriate application of relevant sustainability imperatives in the Nigerian capital market.

This process which will be implemented in phases includes high-level engagement process with listed companies, investors and capital market community; development of Sustainability Reporting Guidelines and sustainability reporting & disclosure training and certification for stakeholders.

The maiden Nigerian Capital Market Sustainability Conference (NCMSC) was held in partnership with Ernst and Young (EY) and Global Reporting Initiative (GRI)) on Friday, November 13, 2015 in Lagos, Nigeria. A follow up seminar themed “Beyond Reporting: Real Value Proposition” is planned for June 8, 2016.

This seminar will expose participants to the rudiments of sustainability reporting according to GRI G4 guidelines and will be a precursor to the introduction of disclosure guidelines for the Nigerian capital markets.

This stakeholder engagement and knowledge sharing conference had the active participation of listed companies, Dealing Member firms, investors, civil society and regulators. The event presented a platform to dialogue on business value of sustainable investment, enhancing corporate transparency and ultimately performance on environmental, social and governance (ESG) issues.

Recommendations from the Plenary Sessions and CEO Roundtable supported the introduction of the proposed Sustainability Disclosure Guidelines. The Exchange is currently engaging stakeholders on the draft disclosure guidelines to be released soon.

ITU Telecom World 2016 to Explore Collaboration in Digital Economy

0
ITU

5G, collaborative regulation, the connected car, smart sustainable cities, fostering SME innovation, new roles for the satellite industry and digital financial services will top the agenda at the Forum at ITU Telecom World 2016, taking place from 14-17 November in Bangkok, Thailand.

Under the theme of “Collaborating in the digital economy”, the Forum will feature compelling formats ranging from top-level CEO/Ministerial roundtables to frank, open dialogues between governments and small and medium business leaders, and interactive panel debates.

Sessions will bring together expert speakers and an influential global audience drawn from governments, key ICT industry players, international organizations, high-growth SMEs, consultants, academia, media and more.

A Leadership Summit of global leaders from public and private sectors will open the Forum, with an exploration of why working together is critical for growth in the digital economy – and how it can best be achieved.

Sessions and topics to be explored include:

New approaches to connectivity: re-imagining the satellite industry: how demand for always-on connectivity is leading to innovative connectivity solutions, new players and new markets for the satellite industry

The connected car: freeway to the future or highway to hell?: exploring the status and future of vehicle communications and automated driving from the perspectives of business, technology, and regulation.

Creating inclusive ICT innovation ecosystems: targeted business-to-government dialogue exploring concrete measures to foster innovation in SMEs for job creation and socio-economic growth

Smart approaches to smart sustainable cities: the economic and political challenges of delivering the promise of smart homes, streets, cities and regions.

Making money from meeting the SDGs: a business approach to sustainable development: how the ICT sector can develop feasible business models to accelerate the achievement of the UN Sustainable Development Goals (SDGs).

B2B and B2G dialogues: exploring how corporations and governments can strengthen collaboration with SMEs to improve the outcomes of research and development, accelerate innovation and improve public services.

Spotlight on Thailand: focusing on regional and local challenges, including dedicated sessions on Thailand’s ICT priorities and entrepreneurs, featuring Thai industry experts. These sessions will be highly beneficial to local and regional audiences.

ITU-wide agenda: providing perspectives from across ITU and its membership and partners, co-located events include the ITU Kaleidoscope academic conference 2016; the World Standards Cooperation Academic Roundtable; a global CTO meeting; the 7th Private Sector Chief Regulatory Officers (CRO) meeting and ITU Academia Consultations.

“In today’s diverse ICT ecosystem, collaboration is increasingly the best – and often the only – way for companies and countries to achieve long-lasting progress,” said Houlin Zhao, ITU Secretary-General. “Governments and companies, be they large or small, have so many important lessons and experiences to share. This year’s ITU Telecom World Forum provides the right platform for this exchange, enabling participants to gain a global perspective and accelerate positive change.”

Alongside the Forum, the ITU Telecom event features an international Exhibition, showcasing digital solutions and investment opportunities from nations, regions, organisations and companies drawn from both emerging and developed markets.

It will focus on bringing high-growth SMEs, particularly from emerging markets, to the international stage. The ITU Telecom World Awards will recognize excellence in ICT innovation with social impact, and a host of networking opportunities will connect exhibitors, delegates, countries, organizations and individuals.

Bank Fraud Threatens CBN Cashless Policy

0
Godwin Emefiele
Godwin Emefiele CBN Governor

Researchers at the University of Ibadan have warned that pervasive electronic fraud in Nigerian banks are threatening widespread adoption of cashless policy of the Central Bank of Nigeria [CBN] by many Nigerians.

This is because bank staff, permanent and casual, as well as relatives of account holders such as wives, children and friends still tops the list of bank fraudsters.

“A man had received debit alert of N300, 000 on his account and rushed to his bank. He told the bank staff he had his ATM card with him when the alert came. When the CCTV footage of the person who withdrew the money was played, it was the image of his wife. He then went out of the bank. This is what we have called lovers fraud. We also have cases of sons defrauding their fathers, and bank account officers defrauding institutions where they are assigned to. There was one account officer in one of the new generation banks who collected about N90 million from an eatery as their account officer and ran away. He got married with part of the money and almost completed a four-bedroom flat when he was arrested by EFCC. They were able to recover less than N10 million cash from him.”

While addressing the press on their 2016 research findings funded by the Institute for Money, Technology and Financial Inclusion (IMTFI), University of California, United States of America, Drs Oludayo Tade and Oluwatosin Adeniyi of the Department of Sociology and Economics University of Ibadan respectively, asserted that while the cashless policy was aimed at transparency, curb corruption/leakages and drive financial inclusion, the preponderance of fraud has created lack of trust for people to adopt cashless payment options.

The study entitled “Dimensions of Electronic Fraud and Governance of Trust in Nigeria’s Cashless Ecosystem” which was carried out in Oyo, Lagos and Ogun States among victims of fraud, identified different dimensions of bank fraud to include internal fraud exclusively committed by bank staff, external fraud and collaborative bank fraud involving bank staff releasing vital customer information to fraudsters.

According to Tade and Adeniyi, the current fraud strategies included ATM fraud, Dormant Account Fraud, Uncredited Lodgement, Fake Job Scam, Fund Transfer Fraud, Phishing Mails and BVN Fraud.

The researchers ‎noted that bank customers experience fraud on a daily basis with little help provided by banks and governing institutions to recover their funds but rather they are blamed for compromising their accounts.

While calling for financial literacy education of bank customers based on their peculiar characteristics, the researchers warned that fraud will build distrust in Nigeria’s cashless ecosystem.

They warned account holders in banks to keep their ATM cards safe from their family members and not to click on any fraudulent email asking them to supply their bank details or strange callers asking them to supply their bank BVN, saying no bank will demand for such and banks will identify their customers by name.

While accusing banks of failing to perform oversight on their customers and supervision of their branches, the University of Ibadan researchers stated that “we discovered that due to their desire to reputational risk, banks do not want to externalise their fraud experiences. Banks expose their casual staff to occupy sensitive positions without adequate supervision. These poorly paid casual staff are also versed in ICT. There was a case where the bank staff gave the woman sweeping the office of a branch manager keylogger to insert on the managers computer to extract sensitive information. When the bank staff and their external collaborators hit the bank, they moved about N400 million away from the bank into about 5O different accounts and this happened on a public holiday.”

Consolidated Hallmark Insurance Reports N6bn Income in 2O15

0

Consolidated Hallmark Insurance Plc has reported premium income of N6 billion in the financial year ended December 31, 2O15. The company also earned Profit After tax of N545 million in the same period of 2O15.

At the 21st Annual General Meeting [AGM] in Lagos, Mr. Eddie Efekoha, Managing Director/CEO of Consolidated Hallmark Insurance Plc, said the future prospect of the company is to look upwards by accelerating its growth projections to achieve its 5-Year Growth Plan rolled out recently.

Consolidated Hallmark Insurance Plc
L-R: Managing Director/CEO, Consolidated Hallmark Insurance Plc, Mr. Eddie Efekoha; Chairman, Mr Obinna Ekezie and Vice-Chairman, Chief Andrew Stephen Odigie, at the 21st Annual General Meeting of the Company in Lagos on Tuesday 24th May 2016.

“A strategic component of this Plan is to be the First Choice Provider of Insurance and Other Financial Services in Nigeria with a renewed mission to preserve wealth, reduce anxiety and create value. Implementation of the Plan has since commenced with the robust engagement of our clients through social media facilitated by the establishment of an e-channels desk.”

Consolidated Hallmark Insurance Plc
L-R: Company Secretary, Consolidated Hallmark Insurance Plc, Rukevwe Falana; MD/CEO, Mr. Eddie Efekoha; Chairman, Mr Obinna Ekezie; Vice-Chairman, Chief Andrew Stephen Odigie, and a Director, Mrs Adebola F. Odukale, at the 21st Annual General Meeting of the Company in Lagos on Tuesday 24th May 2016.

Efekoha added that Consolidated Hallmark Insurance has also established a retail unit with the aim of growing the business through the advantages inherent in the largely untapped volumes available from the mass market.

“The 2O15 financial year was one of the most eventful in the annals of this company from consolidation in 2oO7 as it marked the growth of income to an all time high of N6 billion. This is remarkable when we consider the N1.5 billion Gross Premium Income in 2OO7. Profitability also increased from N23O million to the N545 million recorded as Profit After tax for the year 2O15.It has been nine years of steady growth although not as fast as envisaged.”

Consolidated Hallmark Insurance Plc [CHI] is a general business and special risks insurance underwriting firm fully capitalized in line with statutory requirements of the industry regulatory body—the National Insurance Commission [NAICOM].

DIY Test for Malaria: Game-changer for Africa

0
Eddy Agbo

Nigerian biotechnologist, Eddy Agbo is the founder and CEO of the Fyodor Biotechnologies Corporation, and the man behind the do-it-yourself Urine Malaria Test. The product was released last year and can test for the malaria parasite plasmodium in less than 25 minutes. But what makes it so special is it does not require a blood sample to do so.

According to the World Health Organisation, there were about 214 million cases of malaria globally in 2015 and an estimated 438,000 deaths. However, 91% of these deaths were in sub-Saharan Africa, with Nigeria having one of the highest burdens.

Having grown up in Nigeria, Agbo contracted malaria multiple times from a young age. Diagnosis back then required a trained professional who had to inspect blood under a microscope in a certified lab.

This costly and time-consuming process meant many opted to simply treat any possible symptom of malaria, usually fever.

Innovations over the last decade have seen the process simplified with rapid blood-testing products. But Africa’s shortage of healthcare facilities and personnel means these are still not readily available to many people.

However, Agbo’s urine test is a potential game-changer. It works similarly to a pregnancy test and for the first time allows the general population to diagnose themselves. It is already available in Nigeria at medical centres, pharmacies, as well as on two leading online retailers, Jumia and Konga.

The invention has earned Agbo a nomination for this year’s Innovation Prize for Africa.

Reducing Costs
At the moment a pack of five urine tests for malaria retails for ₦ 2,500 (about US$12) on Jumia, and Agbo says the product is sold for roughly $2 per test elsewhere. However, he notes the price will fall as the company begins to manufacture at scale.

While some blood-based rapid diagnostic tests for malaria in the market are sold for under $1, Agbo explains they are usually highly subsidised and do not take into account the additional costs of testing through the healthcare system – such as taking time off work to travel to a clinic for diagnosis.

“But our goal now is to continue to look at efforts around bringing down costs for the end user… So as the Urine Malaria Test becomes more and more accepted, I believe it will also come within that subsidised product range and we can begin to realise those savings also for the end user.”

Although the test kits are currently manufactured in the US, he adds the company is “making efforts” to establish production to Nigeria. Fyodor has labs in both Maryland and Lagos.

Expanding to Africa
Fyodor’s urine test is currently only available in Nigeria but the goal is to expand to other markets on the continent and elsewhere. However, Africa’s fragmented regulatory environment poses challenges and pharmaceutical companies often face delays with registering new healthcare products.

“Registration and distribution in Africa is something that we are working on, and we are trying to understand all the regulatory requirements for the different countries,” says Victoria Enwemadu, Fyodor’s Global Head of Projects.

“Nigeria has the highest burden of malaria cases – so our initial strategy is to begin with Nigeria, gain a few lessons, and then start to register and distribute throughout sub-Saharan Africa… So we are very interested in distributing in the rest of sub-Saharan Africa.

Key to this would be distributing via the informal retail market, where the vast majority of shopping takes place. According to Enwemadu, the Nigerian government is educating informal medicine and pharmaceutical retailers on various products – including Fyodor’s.

“So the government has actually embarked on training this informal sector on how to use rapid diagnostic tests. They have also been alerting them to this new urine test that we have come up with. So we are very much engaged in the informal sector. It is definitely an area where we plan to do more work,” continues Edwemadu.

“Africa is really the ground zero for malaria,” adds Agbo.

“It is the region most impacted by it and a proper tool like this could have a brilliant myriad of advantages to the healthcare provider, to the policy maker, as well as to just regular individuals who may want to buy the test and check whether their fever is malaria or not.”

UNDP to Launch North-East Livelihoods, Economic Recovery Report

0
undp

The UNDP in Nigeria is set to launch the Livelihoods and Economic Recovery Assessment Report for North-East Nigeria in partnership with Oxfam Nigeria.

The objective of the assessment was to gain systematic and representative information of the socio-economic situation of the local population, returnees and IDPs settled with host communities and to present a comparative analysis between the affected populations in Adamawa, Borno, Gombe and Yobe states.

The findings of the assessment conducted by Oxfam Nigeria on behalf of UNDP, revealed the complexities that have necessitated the need for interventions that address Livelihoods and Economic Recovery (LER) that are properly synergised with the on-going humanitarian actions in the North East.

In this vein, it is hoped that all who wish to take action as a result of this assessment would aim at contributing to building the resilience of affected people and communities to overcome the negative consequences of the crisis and maintain a decent standard of living.

Ericsson, Rwanda Collaborate on Financial Inclusion

0
Ericsson

Ericsson and the Ministry of Finance and Economic Planning for Rwanda have signed an agreement for the launch of a national interoperability switch based on the Ericsson M Commerce Interconnect solution.

The solution will enable financial and payments services providers in the country to connect to one common platform for real-time payment transactions. Further, the inclusion of informal sectors such as savings cooperatives and micro finance players in the ecosystem allow previously excluded citizens to participate in mainstream financial services, thereby increasing financial inclusion.

Claver Gatete, Minister of Finance and Economic Planning, Rwanda: “Mobile payment technology has the potential to advance financial inclusion and help people build savings while giving government, as well as the private sector, a more cost-effective, efficient, transparent and safer means of disbursing and collecting payments. We are happy to be partnering with Ericsson on this.”

Ericsson will also lead on-boarding and integration of Rwanda payment service providers and financial institutions. The Rwanda Interoperability Switch is expected to be operational by early 2017.

Africa Must Harness Power of Aviation for Growth

0
Aeroplane

The International Air Transport Association (IATA) has called on African governments to prioritise the development of aviation nationally and at a pan-African level to bolster economic growth and development.

Africa is set to be one of the fastest-growing aviation regions over the next 20 years, with annual expansion averaging nearly 5%. This opens up incredible economic opportunities for the continent’s 54 nations. By transporting some 70 million passengers annually, aviation already supports some 6.9 million jobs and $80 billion of economic activity on the African continent.

“Aviation has the potential to be a much greater strategic catalyst for growth if governments would stop milking the industry for taxes and enable it with smarter regulations focused on safety and the development of connectivity. The commitments are already there with the Abuja Declaration and the Yamoussoukro Decision. It’s time to achieve them in partnership with industry,” said Hussein Dabbas, IATA’s Regional Vice President for Africa and the Middle East.

“Enhanced Air Transport Connectivity is unarguably the key condition for any State’s progress and transformation. Studies have shown that there is clear correlation between connectivity and economic performance. In addition, improved connectivity attracts inward investment, which enables access to export markets and opens countries up to competitive forces. Air transport is a facilitator of international business and trade. Improved connectivity means more access to cities, markets, business and people as well as the integration into global supply chains, an important factor to attracting inward investment into any country,” Nigeria’s Minister for Aviation, Sen. Hadi Abubakar Sirika.

Sen Sirika and Dabbas was addressing the IATA African Aviation Day in Abuja, Nigeria. The event theme is ‘Driving African Economies through the Power of Aviation’. Key elements essential to air transport development in Africa are on the agenda:

Safety – Safety in Africa is the top priority. Governments have committed to achieving world-class safety levels in the Abuja Declaration. While safety has improved, Africa had the highest accident rate among regions in 2015, at 7.88 accidents per million sectors.

IATA’s Operating Safety Audit (IOSA) has shown the power of global standards underpinning safety operations. The 32 sub-Saharan airlines on the IOSA registry are performing 3.5 times better than non-IOSA operators in terms of accidents.

IATA calls on African governments to improve safety oversight and adopt IOSA together with ICAO’s safety-related standards and recommended practices (SARPs). As of the end of January 2016, only 21 African countries had at least 60% SARPs implementation.

Connectivity – IATA welcomes the recent signing of a ‘Solemn Declaration’ by 21 African heads of state re-affirming their commitment to breaking down the artificial barriers obstructing air transport service expansion between African nations by implementing the Yamoussoukro Decision. IATA urges all African nations to expedite its implementation, which will stimulate economic growth and development with at least 5 million more passenger journeys a year on the continent.

Infrastructure Development – Cost-effective and appropriate infrastructure development is critical to the sustainability and expansion of African aviation. Consultation and collaboration among airlines and their infrastructure partners during planning and development is crucial. No one knows better than the airlines the level of airport charges that enable a route to be viable, and the kind of amenities they need to support their passengers and aircraft efficiently. All too often in Africa there is no real engagement with the airlines prior to development. This leaves airlines burdened with paying for excessive and unsustainable development costs.

The International Civil Aviation Organisation (ICAO) has very clear guidelines on infrastructure funding. Development should be guided by principles of non-discrimination, consultation, transparency, cost-benefit and no pre-financing.

IATA is concerned about the viability of some planned airport developments, including Ndjamena in Chad, Addis Ababa in Ethiopia and Dakar in Senegal. IATA calls on the Governments in these countries to take the lead in consulting the users of the infrastructure to ensure that the end product provides maximize benefits and rationalises costs for all.

Fuel Surcharges – IATA is urging African governments to tackle the excessive surcharges on fuel, which can make fuel purchases on the continent up to 20% more expensive than the global average. Airlines operating to Ethiopia, Gabon, Ghana and Kenya are particularly affected by above market fuel costs. These surcharges increase airlines’ cost burden when they are already operating in a challenging environment. They also hinder growth in an industry that delivers extensive socio-economic benefits.

Sustainability – The aviation industry is committed to achieving carbon-neutral growth from 2020, and cutting net emissions 50% by 2050 compared to 2005. The industry is working hard to achieve these goals with improvements in technology, operations and infrastructure. However, to be fully successful a global market-based measure (GMBM) is needed and that must be agreed by governments through ICAO.

The aviation industry is calling for a mandatory global carbon offset scheme as its preferred measure. Already many African nations, including Nigeria, have rallied for the establishment of an equitable set of market-based measures to offset carbon emissions.

IATA urges all African governments to support a successful agreement on a GMBM at the 39th ICAO Assembly later this year.
The opening session of the Aviation Day featured participation from senior government and industry leaders including Nigeria’s Honorable Minister of State Senator Hadi Sirika, the Director General of the Nigerian Civil Aviation Authority Captain Muhtar S. Usman, the Deputy Regional Director of ICAO, Mr. Gaoussou Konate, the Secretary General of the African Civil Aviation Commission (AFCAC), Ms. Iyabo Sosina.

Global PC Market Declines to 2011 Level

0
mobile phone

Worldwide PC shipments (desktops, notebooks, two in ones and tablets) totaled 101 million units in Q1 2016, as total volumes dipped by 13% year on year to their lowest point since Q2 2011.

Apple continued to lead the market into the first quarter of 2016 with shipments of just over 14 million units, despite falling 17%. Lenovo shipped some 25,000 units less than Apple, as its decline moved into double digits on the back of weakening sales in Greater China.

Apart from two-in-ones, which grew just over 13%, shipments were weak across all categories, as vendors struggle with declines in global PC demand. Tablets continue to be the worst affected category, with shipments falling around 15% to just under 39 million units.

All PC categories in Asia Pacific continue to experience weakness, affected by improving quality and falling prices in the smart phone market. In low-income markets, notebooks and tablets are no longer must-have products and multiple device ownership is becoming less common. PC shipments in Asia Pacific and Greater China dipped 14% as the Chinese market saw its third consecutive quarter of double-digit declines.

Shipments in EMEA declined 15%, as notebooks were 18% lower than the previous year. Nevertheless, since the inflationary effect that Windows with Bing had on shipments has ceased in Q2 2015, declines in the notebook market will reduce next quarter.

While annual comparisons in Western Europe are likely to improve next quarter, markets in Middle East and Africa will continue to struggle due to a challenging macro environment.

North America was the best performing region in the quarter, with PC shipments falling around 5%. The tablet market in the US was aided by shipments of large screen detachable tablets such as the iPad Pro and the Surface Pro 4.

Shipments of two-in-ones and detachable tablets are expected to continue to do well in the US and will grow in high income markets. New form factors will trigger an increase in PC ASPs, benefitting the two-in-one and tablet categories at the expense of notebooks.

‘The global PC market had a bad start to 2016 and it is difficult to see any bright spots for vendors in the coming quarters. The tablet boom has faded in the distance and the market is fully mature. Global shipments declines are expected to continue unless vendors bring transformational innovation to the market.

Apple and Microsoft are propping up shipments in established markets with their detachables, but price points make them less affordable in low-income countries. Although other vendors are coming to market with cheaper alternatives, they are unlikely to have a big impact on volumes in the short term.

The number of people looking to buy their first PC is at an all-time low and 2016 is likely to bring yet more turmoil to global PC vendors,’ commented Tim Coulling, Canalys Senior Analyst.