Stanbic IBTC Provides Succour For Limbless Children Through Together4ALimb Initiative

Stanbic IBTC Holdings PLC, a member
of Standard Bank Group, has continued its quest to provide succour for children
living without limbs through its Together4ALimb
initiative. The scheme, now in its fifth year, is the company’s flagship CSI
initiative, through which it provides prosthetic limbs to children from
underserved communities suffering from limb loss.

On Saturday, November 8, Stanbic IBTC
organized the fifth Annual Together4ALimb
Walk to draw attention to the plight and challenges faced by children living
without limbs. The staff of the organization were joined by members of their
family and other well-wishers.

This 2019 edition of the Walk was
flagged off by Yinka Sanni, Chief Executive, Stanbic IBTC Holdings PLC.
Delivering his opening remarks, he identified the Together4ALimb initiative as a key event organized by the company.
He said: “At Stanbic IBTC, we focus on three areas to help our communities. We
focus on health, education and economic empowerment. Together4ALimb is one of the most important projects which we
organize annually.”

This year, the organization raised
the number of beneficiaries to 10, the highest since the inception of the
programme five years ago. The recipients of this year’s prosthetic limbs are
five-year-old Zainab Qudus (Oyo State), six-year-old Iyanuoluwa Adekoya (Ogun
State) as well as the trio of Aisha Abdulrahman (Kaduna State), Fatima Bishir
(Katsina State) and Naomi Ezeamaiwe …read more

Source:: MediaCraft

Interswitch and Visa enter into strategic partnership

  • Visa to acquire a significant
    minority equity stake in Interswitch
  • Partnership expected to expand
    the digital payments ecosystem across Africa, the world’s most underpenetrated
  • Interswitch and Visa share a
    vision to drive financial inclusion across the African continent

Interswitch Limited (“Interswitch” or the
“Company”), a leading technology-driven company focused on the digitisation of
payments in Nigeria and other countries in Africa, and Visa Inc. (“Visa”), the
world leader in digital payments, today announced a strategic partnership that
will further advance the digital payments ecosystem across Africa.

As part of the agreement, Visa will acquire
a significant minority equity stake in Interswitch. The investment makes Interswitch
one of the most valuable African FinTech businesses with a valuation of US$1
billion. Visa will join globally renowned investors, Helios Investment Partners,
TA Associates and IFC, as shareholders in Interswitch, alongside Company

Founded in 2002, Interswitch disrupted the
traditional cash-based payments value chain in Nigeria by introducing
electronic payments processing and switching services. Today, Interswitch is a leading player in
Nigeria’s developing financial ecosystem with omni-channel capabilities across
the payments value chain, processing over 500 million
transactions per month in May 2019.

In 2018, electronic payments in Africa
accounted for only 12 per cent of transactions by volume, compared to 54 per
cent in Europe and 79 per cent in North America. Sub-Saharan …read more

Source:: MediaCraft

#MTVShugaNaija Episode 2: Is This The Episode Tobi Finally Gets To Make The Right Choice?

So you saw episode 1 thinking, ‘hmmm, there’s no way the producers are going to top that drama in subsequent episodes of MTV Shuga Naija Season 4′. Well, you may have to think again!

Episode 2 sees Tobi (played by the devastatingly handsome Timini Egbuson) still struggling to make the right choice. We also get to properly meet MJ, Tobi’s long lost sister, who is towing a path that doesn’t sit well with him.

Tobi isn’t the only eye candy this episode presents. Ex Big Brother Naija housemate, Tobi Bakre also makes his much anticipated debut in this episode playing husband to Sergeant Iyanu.

Faa on her own end is still seeking justice whilst also actively trying to get her little brother, Ebisinde out of jail.

Mahmud’s family members are still very opposed to him and Yasmin’s choice to wait a while before having a child, and they’ve resorted to a very drastic major to set him “right”.

Watch it all go down in the video below.

The post #MTVShugaNaija Episode 2: Is This The Episode Tobi Finally Gets To Make The Right Choice? appeared first on ID Africa.

…read more

Source:: Idafrica

Quickteller Takes Final Batch of Winners to Interswitch One Africa Music Fest in Dubai.

a leading digital payments platform, in fulfilling its promise to loyal
customers, is set to take more customers on an all-expense-paid trip to Dubai
to attend the Interswitch One Africa Music Fest slated to happen on Friday,
November 15, 2019.

Quickteller Bestie campaign was announced few weeks ago by Quickteller and
users were encouraged to participate in the promo, to stand a chance of winning
an all-expense-paid trip to tour the city of Dubai with their best friends. Customers
who have emerged winners from this category will not only tour the city of
Dubai but will also be attending the Interswitch One Africa Music Fest and will
be given the golden opportunity to party with A-list celebrities from across
the globe.

Akanbi, Group Head, Quickteller Marketing, expressed his profound gratitude to
Quickteller customers for their continuous patronage and urged them to continue
to transact on the platform, stating that the opportunities are endless for Quickteller
customers. He assured customers that Quickteller will continue to evolve to facilitate
seamless payment solutions that are suitable for every consumer lifestyle.

addition to winners from the Bestie Campaign, other categories of winners were
drawn from existing users, new customers, agents, Paypoint users and
Interswitch staff registered on Quickteller.

also affirmed that it was of paramount importance to Quickteller to provide
simple, smart payment solutions …read more

Source:: MediaCraft

Stanbic IBTC Wins 5 Awards At The 2019 FMDQ Gold Awards

IBTC Holdings PLC, member of the Standard Bank Group, has won five awards at
the 2019 edition of the FMDQ Gold Awards which held recently at the Oriental
Hotel, Lagos.

IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, emerged the overall winner
in the Secondary Market category, winning the ‘FMDQ Dealing Member of the Year’
award, for the second year running. The company also won the award for ‘FMDQ FX
Market Liquidity Provider’ of the year.

IBTC Capital Limited, another subsidiary of Stanbic IBTC Holdings, won the ‘FMDQ
Capital Markets Securities Origination’ award, thereby emerging the overall
winner of the Primary Market category. The company also won the ‘FMDQ
Registration Member (Quotations) Award’.

IBTC Pension Managers Limited won the ‘Most Active Buy-side Participant in the
Fixed Income Market” award.

that attended the event included Babajide Sanwo-Olu, the governor of Lagos
State and Mary Uduk, the Acting Director-General of the Securities and Exchange
Commission. Both dignitaries presented awards to Stanbic IBTC.

Akere, Chief Executive, Stanbic IBTC Capital, said the awards would further
spur the company to continue providing excellent services across the financial
services spectrum. He said: “The five awards we have won will have a positive
impact on our operations. This means raising the bar in terms of service
delivery. It is …read more

Source:: MediaCraft

Standard Bank structures East Africa’s first ever green bond

Standard Bank, Africa’s largest bank by assets, has
played a key role in bringing the first ever green bond to East Africa.

Issued by Nairobi-based property developer Acorn
Group, the bond will raise KES4.262 billion in project finance over five years
for environmentally-friendly student accommodation in Nairobi.

Acorn is an established property developer in Kenya
and has put its weight behind iconic buildings across the region, including the
Coca-Cola and Deloitte regional head offices in Nairobi.

Standard Bank Group, via Stanbic Bank Kenya Limited and
SBG Securities Limited, acted as lead arranger and placing agent on the bond,
which was opened to investors in August this year.

“The deal holds significance as it is the first
time a restricted public corporate bond offer has been approved by
the Capital Markets Authority in Kenya,” says Kwasi Kwarteng, Head DCM Africa
at Standard Bank Group. “It is also the first corporate bond to be rated by
Moody’s Investor Service in East Africa and is sitting at B1 Global (one notch
above the Kenyan sovereign).”

Standard Bank has previously been involved in
arranging green bonds across geographies including the City of Johannesburg’s
debut green bond, as well as Nigeria’s maiden sovereign green bond.

“What we are seeing is an increasing appetite for sustainable
debt products within Africa.,” says Nigel Beck, Head of …read more

Source:: MediaCraft

Stanbic IBTC Pensions Promotes African Art At Art X Lagos

Stanbic IBTC Pension Managers Limited
(SIPML), a subsidiary of Stanbic IBTC Holdings PLC, has reaffirmed its
commitment to the promotion of African arts.

Mrs. Nike Bajomo, Executive Director,
Business Development, SIPML, made the disclosure in her opening remarks at the Art
X Modern section of this year’s edition of Art X. The Art X Modern segment
which was sponsored by SIPML was newly introduced into Art X this year. Art X
Modern showcased the artworks of the pioneers of African modern art from the
mid-20th century.

Mrs. Bajomo, pointed out that the
event was organized for the benefit of its clients and stakeholders who are
passionate about making careers out of the arts.

She said: “We believe that creativity
and intellect can serve as sources of livelihood for individuals who decide to
make a career out of their passion for painting, drawing, sculpting and other
interesting forms of art. We are optimistic that the conversations that will
take place here today will not only educate but will be inspiring enough to
impact the art industry in Nigeria so that more people will appreciate art.
Hopefully, as time goes by, art will be recognized as a viable asset in

She added that Stanbic IBTC Pension
Managers was proud of the milestones Art X Lagos had achieved …read more

Source:: MediaCraft

Stanbic IBTC Retains Fitch’s ‘AAA’ Rating

A recent report by globally renowned credit
rating agency, Fitch Ratings, has affirmed that Stanbic IBTC Holdings PLC, Nigeria’s
leading end-to-end financial solutions provider, and Stanbic IBTC Bank PLC, its
banking subsidiary, have retained their National Long-Term Ratings of AAA(nga).
According to the report, both organisations also maintained their National
Short-Term Ratings of F1+(nga).

The ‘AAA (nga)’ rating represents the highest
score assigned by Fitch Ratings in its National Rating Scale for Nigeria; and
it is assigned to issuers with the lowest expectation of default risk in
comparison with other issuers in Nigeria. The National Short-Term Rating of F1 on the other hand, is bestowed on issuers or
obligations that have the strongest capacity for timely payment of financial
commitments relative to other issuers in the same country. Stanbic IBTC Bank
PLC and Stanbic IBTC Holdings PLC were however rated as F1+(nga) due to their very
strong liquidity profiles.

A key rating driver for both companies is
their affiliation to South Africa’s Standard Bank Group, their parent company.
The ratings are an indication of the Standard Bank Group’s capacity and
readiness to support both organisations. Another factor taken into cognisance
during the rating process were the role of both companies as Standard Bank’s
main operations in West Africa as well as the ownership size and high
operational integration. …read more

Source:: MediaCraft

Standard Bank prepares to dominate Africa-China trade flow

In a move
that is set to significantly boost the export of African products to China,
Standard Bank, Africa’s largest financial services organisation, has launched a
new export proposition that eases challenges and supports exporters in accessing
the Chinese market.

The Africa
China Export Proposition (ACEP), launched at the China International Import
Expo (CIIE) in Shanghai, connects export-ready clients from across the African geographies
in which Standard Bank operates with suitable importers in China while also fast-tracking
the export process by guiding them through the entire export value chain.

establishing market access to navigating regulatory requirements, preparing the
product for export and transporting the product itself, the Standard Bank’s ACEP
aims to support clients across all sectors to allow for a seamless trade
experience between their exported goods and the intended Chinese importers.

pools together the relevant stakeholders – from both the public and private sector
– who possess the experience, capabilities and necessary infrastructure to address
the needs of African exporters by providing them with market intelligence,
access to trade finance, sales channels and more.

This is
facilitated in part by Standard Bank’s strategic partnership with the Industrial
and Commercial Bank of China (ICBC), which has led to a partnership with
Chenshia Group and Axis Group International. These two trade agents are well versed
and knowledgeable of both the …read more

Source:: MediaCraft

Are Smart Devices Giving Us More Than We Bargained For?

Last year, I wanted to change my 5 year old phone to a better and more sleeker one. I carefully researched the functionalities of the one I had my eyes on, not only because I was genuinely interested in how my palm computer can make my work and life better, but because I was about to drop significant bar on a vanity item and my colleague Dare was already giving me side-eye so I had to justify the big spend to myself and my savings.

It’s been a year since I got the phone — fantastic phone, but to be honest, I have probably used up to 30% of the functionalities. It’s fast, neater and makes my life easier, but am I milking it for all my money’s worth? No.

We’ve all heard the popular myth that states that we humans really only use 10% of our brain. I know Hollywood had a hand in spreading this myth because of pseudo-scientific flicks Lucy and Limitless — but think about it, the same logic can be applied to the astronomical growth in the thousands of features that are being offered by our annually released phones.

As …read more

Source:: Idafrica