Connect with us

Business

Sterling Bank Agrees To Finance Health And Education Through Credit Café Africa

Published

on

Ademola Adesina Public Relations and News Management

By Moninuola Sulaiman

Sterling Bank Plc, Nigeria’s leading commercial bank, and Nigeria’s most innovative lending platform, Credit Café Africa have signed a partnership to provide health and education loans and other value-added services to existing and potential customers.

Speaking at the signing ceremony of the memorandum of understanding (MoU) between Sterling Bank and the digital lending platform, the Divisional Head for Business Growth and Partnerships at Sterling Bank, Obinna Ukachukwu, said the service would cover operators of nursery, primary, and tertiary institutions as well as hospitals, clinics, pharmaceutical companies, and diagnostic centers, among others.

“Customers can receive between N100,000 and N20,000,000 (the single obligor limit under this partnership is N20 million) in financing under the terms of the agreement, depending on the applicant’s financial needs, he added.

Ukachukwu said the bank will start funding the partnership with a first tranche of N10 billion and scale it in the future.

Also speaking at the signing, Mr. Louis Gyiman, Founder /CEO of Credit Café Africa, said his company will make it possible for customers of Sterling Bank to have access to finance through the credit facility template in a faster and more efficient manner. 

The digital platform streamlines the lending process by offering quick, flexible loans for transforming businesses and providing quick access to quality credit. Its algorithms determine eligibility and available loan limits, allowing for a faster and more efficient experience.

Gyiman said the facility will enable potential customers to personally monitor everything related to the credit as well as build up credibility in the system, which he described as seamless and effective.

Under its HEART strategy, Sterling Bank has been focusing its investments primarily on five sectors of the economy: health, which includes Health, Education, Agriculture, Renewable Energy, and Transportation.

Sterling Bank Plc is a full-service national commercial bank in Nigeria while Credit Café Africa is a digital lending platform developed to support the health and education industries. The company streamlines the lending process, providing quick access to quality credit. Its algorithms determine your eligibility and available loan limits, allowing for a faster and more efficient experience.

Business

Transforming Transportation 2023: Accelerating Toward Green And Inclusive Mobility

Published

on

Transforming Transportation 2023: Accelerating Toward Green & Inclusive Mobility

Today’s global challenges are putting serious pressure on transport systems. From climate change and COVID-19 to conflict and macroeconomic instability, what are the implications of the current context for transport, and for the people and businesses that rely on it?

How can we help the sector navigate these compounding crises? Can this be a starting point to reimagine transport and make it more inclusive, safe, sustainable, and efficient?

These are some of the key questions that we will be discussing with leaders and experts from around the world as we celebrate the 20th anniversary of our Transforming Transportation conference.

Join us live on March 14-15 and be a part of the global conversation!

AGENDA

March 14, 2023

8:30 – 10:00 a.m.  EST
Welcome address: Guangzhe Chen, Vice President for Infrastructure, World Bank and Ani Dasgupta, President & CEO, World Resources Institute
Opening Keynote: Bertrand Piccard, Serial Explorer and Environmentalist
Tour around the world: Mayors’ perspectives (Accra, Dhaka, Lima)

11:30 a.m. – 12:45 p.m. EST
Plenary session – Untangling Global Supply Chains: How to Make Green and Resilient Logistics a Reality

March 15, 2023

9:00 – 10:30 a.m. EST
Opening Keynote: Oleksandr Kubrakov, Deputy Prime Minister, Ukraine followed by Anna Bjerde, Vice President for Europe and Central Asia, World Bank
Plenary session – Resilient Transport: Navigating Climate Change, Conflict, and Disruptions

SPEAKERS

– Patrick Achi, Prime Minister, Republic of Côte d’Ivoire
– Oleksandr Kubrakov, Deputy Prime Minister, Ukraine
– Francois Bausch, Deputy Prime Minister, Minister for Mobility, Luxembourg
– Axel van Trotsenburg, Managing Director of Operations, World Bank
– Anna Bjerde, Vice President, Europe, and Central Asia, World Bank
– Guangzhe Chen, Vice President for Infrastructure, The World Bank
– Victoria Kwakwa, Vice President, Eastern and Southern Africa, World Bank
– Ani Dasgupta, President, and CEO, World Resources Institute
– Wayan Koster, Governor of Bali, Indonesia
– Elizabeth K. T. Sackey, Metropolitan Chief Executive, Accra, Ghana
– Atiqul Islam, Mayor of Dhaka, Bangladesh
– Bertrand Piccard, Serial Explorer, and Environmentalist

Continue Reading

Business

How Diverse Leadership Teams Boost Innovation

Published

on

Jumia Launches Quick Commerce Platform In Nigeria With 20 Minutes Delivery In Lagos

By Enitan Oyenuga, HR Director, Jumia Nigeria

As the business landscape continues to evolve, it’s becoming increasingly clear that diversity and inclusion are not just buzzwords but essential elements for success. Every company needs a leadership team that understands and connects with customers from different backgrounds to deliver the best possible service. Today, companies are scrutinising their leadership teams on various criteria beyond education and experience, and having a diverse leadership team has become a necessity to build a successful business that resonates with customers worldwide.

Importance of Leadership Diversity

In the workplace, diversity encourages inclusiveness, which fosters innovation. It welcomes and respects the diverse background of each employee. It also creates a positive, supportive, and respectful working environment that encourages all employees to engage and participate freely. The importance of diversity is perhaps well displayed by a quote from Justin Trudeau, the Prime Minister of Canada, “Diversity is the engine of invention; it generates creativity that enriches the world.”

A recent study conducted by McKinsey & Company found that companies with diverse leadership teams are 33% more likely to outperform their competitors in terms of financial performance. Moreover, they are also more likely to be innovative and adapt to changes in the market.

In addition, diversity is not simply a matter of creating a heterogeneous workforce but using it to create innovative products, services, and business practices that can set a company apart and give it a competitive advantage in the marketplace. By fostering diversity in the workplace, we are bringing together various perspectives, experiences, and ideas. When people from different backgrounds and cultures work together, they are more likely to approach problems and opportunities from different angles, which can lead to creative and innovative solutions.

A business culture that welcomes and supports employees with various perspectives is bound to boost problem-solving and increase productivity. Consequently, to benefit from workplace diversity, inclusion must be integrated deeply into its culture. This holds for leadership positions just as much as for entry and mid-level ones.

How Jumia Nigeria is Enabling Diversity

At Jumia Nigeria, we prioritise diversity and inclusion in all aspects of our business. Over the years, we have implemented policies and practices to ensure everyone in our organisation is treated fairly, and feels valued and supported. This is evident across our employee lifecycle from hiring through to exit.

At Jumia, one of our core values is letting the best people and ideas grow. As such, our hiring process is open and transparent ensuring all employees are aware of and have access to all available opportunities. For example, we have recently introduced 1-minute videos where hiring managers talk about their vacancies and invite employee applications.

Similarly, our training and development opportunities are open to all employees, regardless of their background or experience.

At Jumia Nigeria, we want to be a place where people can bring their best selves without fear of discrimination, where they feel like they belong and are an important part of the team. Providing safe spaces for employees to connect with each other and share feedback are some ways we achieve this; leveraging platforms like our Jumia Women’s Network, informal team events, town halls, and HR roadshows.

Our diversity and inclusion focus also requires that we reflect the incredibly diverse markets we serve. Our diversified clientele includes a substantial percentage of women as buyers and sellers. According to the IFC 2021 report on Women and E-Commerce in Africa, over 50% of our vendors are women entrepreneurs. Giving women visible platforms and opportunities is, therefore, a no-brainer. Building a company that sets the bar for advancing female visibility is essential for us. We are implementing these measures because Nigeria offers great opportunities to reduce this gap.

We are actively tracking gender diversity at Jumia, but we also understand that diversity is much more than this. Our ambition is to promote an inclusive culture that fosters a sense of belonging while boosting productivity.

Conclusion

Despite the many benefits of diverse leadership teams, many organisations still struggle to achieve diversity in their leadership ranks. This may be due to unconscious biases or a need for more diversity in the talent pipeline. To change this trajectory, organisations must be intentional in seeking out diverse candidates and creating an inclusive culture that values differences and provides equal opportunities for all.

 

 

Continue Reading

Business

inDrive Strengthens Security With Bug Bounty Program Through HackerOne

Published

on

inDrive Strengthens Security With Bug Bounty Program Through HackerOne

Global mobility platform allocates $120,000 toward cybersecurity program


inDrive, a global mobility and urban services platform, is launching a Bug Bounty program on HackerOne.

inDrive will pay specialists for each vulnerability they discover in inDrive applications or infrastructure, up to $6,000 per report, depending on severity level. $120,000 is allocated for the first year of the Bug Bounty program, which will cover all inDrive verticals, including inDrive Couriers, Freight, City to City, Services, and Jobs.

Vatclav Dovnar, Head of Product Security Department at inDrive: “At inDrive, safety is a top priority and cybersecurity initiatives are critical to ensure protection of personal user data. Whether you are riding with us, delivering a package, or looking for work, we want to make sure your sensitive data is protected throughout the entire experience. As external cyber threats evolve, we will continue to invest in perpetually improving our systems to maintain the most secure experience in the industry.”

In addition to the new HackerOne program, inDrive has such essential security measures as, for example, regular internal code audits and reviews of product architecture for security enhancements, scanning of the entire company infrastructure perimeter, and regular cybersecurity awareness activities across employees.

HackerOne is a platform where security researchers use cyberattack methods and tools to identify weaknesses in companies’ security systems. Companies use these findings to fix security breaches and stay ahead of cyber threats. Other HackerOne customers include General Motors, GitHub, Goldman Sachs, Google, Hyatt, Lufthansa, Microsoft, Nintendo, PayPal, Slack, Twitter, and Spotify.

Follow the link to learn more about inDrive’s Bug Bounty program.

 

 

 

Continue Reading

Trending