TechPression

Tag: MOU

  • Oando signs MoU for 1.2-GW solar energy project to power millions of Nigerian homes

    Oando signs MoU for 1.2-GW solar energy project to power millions of Nigerian homes

    Oando Clean Energy Limited (OCEL), a subsidiary of the Lagos-based energy giant Oando Plc, has signed a Memorandum of Understanding (MoU) with the Rural Electrification Agency (REA) to develop a 1.2-gigawatt (GW) solar energy project. 

    This agreement represents a significant milestone in developing Nigeria’s renewable energy sector. This initiative, which was announced on March 19, 2025, is poised to become Nigeria’s largest solar power project, bolstering Oando’s leadership in renewable energy and advancing Nigeria’s sustainability objectives.

    Read also: FuelCell Energy, Oando Clean Energy partner to catalyse Nigeria energy sector

    Oando and REA: A game-changing partnership for solar energy

    The MoU, signed in Abuja, marks a strategic alliance between Oando Clean Energy and the REA, a federal agency dedicated to electrifying rural Nigeria. This 1.2 GW solar energy project integrates off-grid power plants, mesh electricity generation, interconnected grids, and a pioneering solar module assembly plant. Abubakar Abba Aliyu, REA’s Managing Director, described it as a “game-changer” for Nigeria’s clean energy landscape, emphasising its potential to position Nigeria as a renewable energy hub in Africa.

    Ademola Ogunbanjo, President and CEO of Oando Clean Energy, highlighted the project’s innovative edge. “Oando is building a solar modular assembly plant in Nigeria that will produce solar panels and recycle them into raw materials,” he said. This first recycling feature in Africa underscores Oando’s commitment to sustainable clean energy solutions.

    Solar energy project scope and implementation in Nigeria

    The 1.2 GW solar energy project will roll out in phases, with Oando launching a 600-megawatt (MW) production line in 2026. This initial phase will focus on manufacturing solar photovoltaic (PV) modules for Nigeria and regional markets. 

    The inclusion of a recycling facility enhances the project’s appeal, addressing solar panel lifecycle management. Funded under the $950 million Distributed Access through Renewable Energy Scale-up (DARES) program—backed by the World Bank and Japan International Cooperation Agency—this initiative aims to connect 17 million Nigerians to clean energy.

    Oando drives Nigeria’s clean energy transition

    Despite its vast oil reserves, Nigeria faces significant energy poverty, with over 40 percent of its population lacking reliable electricity. Oando’s shift from fossil fuels to solar energy reflects a global trend toward sustainability. The 1.2 GW project aligns with Nigeria’s Energy Transition Plan, targeting net-zero emissions by 2060, and complements initiatives like the Solar Power Naija program. By leveraging Nigeria’s abundant solar potential—over 7,000 MW—Oando and REA are accelerating the nation’s clean energy revolution.

    Economic and environmental benefits of Solar energy in Nigeria

    The Oando-REA solar energy project promises substantial economic and environmental gains. It will create thousands of jobs in Nigeria, from solar panel assembly to technical roles, boosting local economies. The solar module plant will reduce import dependency, strengthening Nigeria’s industrial base. 

    Environmentally, this clean energy initiative supports decarbonisation efforts, while the recycling line promotes a circular economy, tackling solar waste—a growing concern in renewable energy adoption.

    While the MoU signals ambition, challenges like funding delays, regulatory hurdles, and infrastructure gaps could slow progress. 

    However, Oando’s partnership with REA and international support from the World Bank provides a strong framework for success. This solar energy project could position Nigeria as a leader in Africa’s renewable energy market, inspiring localised solar PV manufacturing across the continent.

    Read also: Oando (OCEL) receives first electric mass transit buses for Lagos

    A bright future for clean energy in Nigeria with Oando

    The Oando-REA collaboration is a pivotal juncture in the future of Nigeria’s energy sector as of March 19, 2025. By utilising solar energy, Oando is resolving Nigeria’s electricity crisis and preparing the country for a more prosperous and environmentally friendly future.

    Oando is at the forefront of the clean energy movement, and stakeholders are anxious to observe how this 1.2 GW solar energy project will transform Nigeria into a renewable energy powerhouse.

  • NITDA inks agreement with Flutterwave, Alami to improve FinTech innovation, digital literacy, others

    NITDA inks agreement with Flutterwave, Alami to improve FinTech innovation, digital literacy, others

    The CEOs of Flutterwave, Olugbenga Agboola, and Alami, Ms. Olu White, met with NITDA’s Director General, Kashifu Inuwa Abdullahi, and the three organisations signed a Memorandum of Understanding (MoU) to expand their cooperation in the areas of FinTech innovation, digital literacy, infrastructure development, and open-source technology promotion. NITDA announced in a statement on Friday.

    Read also: NITDA, NFIU to upgrade the AML/CFT data management system

    Terms of agreement 

    The following areas are areas on which the Parties agree to cooperate:

    Enhancing Public-Private Collaborations by investing in digital payment infrastructure and technology financing.

    Showcasing payment innovations, facilitating workshops and panel discussions, advancing startups and SMEs, and building strategic alliances at Digital Nigeria Week 2025.

    Cooperation on NITDA’s principal projects such as cybersecurity, innovation and entrepreneurship programs, NITDA Strategic Roadmap and Action Plan (SRAP 2.0), National Digital Economy Policy and Strategy (NDEPS), and Digital Literacy and Skills Development.

    An important step towards Nigeria’s digital transformation is this alliance.

    NITDA, Flutterwave, Alami partner with SMEDAN to equip MSMEs with digital tools  

    Similarly, Kashifu Inuwa Abdullahi, the Director General of NITDA, led a group that included partners from Flutterwave and Alami to a strategic engagement with Mr Charles Odii, the CEO of SMEDAN, to improve value delivery to residents through digitalised services.

    The conversation centred on developing a collaboration to increase MSMEs’ access to digital technologies and funding.

    The Director General underlined throughout the discussion how digitisation has a transformative effect on MSMEs, pointing out that enterprises with digital capabilities can boost productivity by as much as 120%, which is a major benefit for Nigeria’s economic growth.

    He underlined NITDA’s dedication to promoting digital capacity building programs for MSMEs and voiced his full support for the partnership.

    As a result of this interaction, Flutterwave, Alami, and SMEDAN signed a Memorandum of Understanding (MoU), with the Director General of NITDA acting as an overseer to guarantee the agreement’s efficacy and integrity.

    This collaboration is an important step in promoting financial inclusion, strengthening the digital economy, and empowering MSMEs through digital transformation.

    Read also: NITDA to train 69,000 civil servants on digital literacy

    NITDA inaugurates Technical Working Group on National Cloud Infrastructure

    In a related development, The Technical Working Group on National Cloud Infrastructure was established by the National Information Technology Development Agency (NITDA), marking a major advancement in Nigeria’s digital infrastructure.

    The Director-General, Kashifu Inuwa Abdullahi, in a statement on Friday emphasised the significance of developing Nigeria’s digital infrastructure and sovereignty during the TWG’s inauguration.

    He also said that stakeholders should work together to draw in investment and establish local data centres, while also addressing the need for precise data and legal frameworks to support these efforts.

    By offering precise data and supporting regulations, the TWG hopes to draw in hyperscale investments and improve local cloud capabilities.

    Google, Medallion Data Centre, Equinix, and other industry participants indicated their support and willingness to volunteer and provide resources.

  • Sonelgaz and Siemens Energy forge strategic energy partnership to drive Algeria’s energy transition

    Sonelgaz and Siemens Energy forge strategic energy partnership to drive Algeria’s energy transition

    Sonelgaz and Siemens Energy have signed a Memorandum of Understanding (MoU) to drive energy collaboration and innovation.

    The agreement, signed by Mourad Adjal, President and CEO of Sonelgaz, and Christian Bruch, CEO of Siemens Energy, in Berlin, Germany, cements a new phase in their partnership, positioning Algeria as a key player in the global energy transition.

    Read also: Sierra Leone’s petroleum directorate joins African Energy Week 2025 as strategic partner

    It is part of broader efforts to strengthen Algeria’s energy sector and expand its international influence. Mourad Adjal is on an official visit to Berlin from February 5 to 7, 2025, engaging in high-level talks with Siemens Energy executives. The discussions follow an earlier meeting on December 10, 2024, at Sonelgaz headquarters in Algiers with the company’s regional director for the Middle East and Africa. At Siemens Energy’s invitation, these engagements underscore Sonelgaz’s push for strategic international partnerships, particularly with leading European energy firms, as Algeria pursues economic diversification.

    A framework for energy innovation and sustainability

    The MoU sets out a framework for collaboration in several key areas. Sonelgaz and Siemens Energy will work on integrating renewable energy solutions into Algeria’s power infrastructure to align with sustainability goals. The agreement covers advanced maintenance and optimization of both conventional and renewable electricity generation facilities to enhance efficiency and extend asset lifespan. It also includes the development and supply of electrical equipment to strengthen power transmission and distribution networks.

    Technical training and capacity building form another crucial aspect of the partnership. Siemens Energy will provide specialised programs for Sonelgaz engineers and technical teams in electricity generation, transmission, and distribution, along with the latest advancements in gas and electrical technologies. The deal also involves technology transfer for the local manufacturing of hot components of gas turbines, a move that will boost Algeria’s industrial capabilities and reduce dependence on foreign imports.

    Read also: Africa Energy Summit 2025 opens in Tanzania, targeting universal electricity access for 300 million by 2030

    Expanding Algeria’s energy influence across Africa, Middle East

    Beyond domestic impact, the partnership extends to Africa and the Middle East, with Sonelgaz and Siemens Energy jointly offering maintenance and technical services in the region. The collaboration not only reinforces Algeria’s energy infrastructure but also strengthens its position as a hub for energy expertise and innovation.

    By aligning with global energy trends and leveraging Siemens Energy’s expertise, Sonelgaz aims to cement Algeria’s role as a leading force in the global energy transition.

  • Ghana, India sign MoU to drive space-based solutions for development

    Ghana, India sign MoU to drive space-based solutions for development

    The Ghana Space Science and Technology Institute (GSSTI) and the SatCom Industry Association of India (SIA-India) on Friday signed a Memorandum of Understanding (MoU) to enhance collaboration in space technology. 

    This partnership is a significant step towards fostering innovation and socio-economic development in both nations.

    Read also: Ghanaian startup SAYeTECH wins $50,000 MEST Africa Challenge to empower farmers

    A vision for collaboration

    The MoU leverages satellite technologies to drive development and strengthen international cooperation. 

    Dr Subba Rao Pavuluri, President of SIA-India, expressed enthusiasm about the partnership, stating, “We are excited to embark on this partnership with GSSTI, which represents a significant step toward strengthening space sector ties between India and Ghana”.

    The agreement includes initiatives such as capacity-building programs for Ghanaian space professionals and the co-development of satellites and ground stations.

    Ghana’s ambition in space technology is not new; established in 2012, GSSTI aims to coordinate space science for national advancement. The institute operates centres specialising in Radio Astronomy, Remote Sensing, and Satellite Communications. 

    This collaboration will allow Ghana to benefit from India’s extensive experience in satellite manufacturing and launch services, aligning with Africa’s Agenda 2063 goals for socio-economic transformation.

    Read also: Ghana, Gambia partners to implement ECOWAS Free Roaming Initiative, to reduce cross-border communication costs

    Real-world impact

    The partnership promises practical applications in various sectors, including agriculture and environmental management. 

    By integrating space technologies into these fields, both countries hope to demonstrate the tangible benefits of their collaboration.

    “Together, we look forward to unlocking innovation and creating transformative opportunities for both nations,” Pavuluri added.

    This MoU reflects the growing synergy between India and Africa. Trade between the regions reached $90.5 billion in 2022-23, with an aim of $200 billion by 2030. The collaboration underscores a shared commitment to using space as a driver for sustainable development.

  • Nigeria’s Data Protection Commission generates N1.4 billion in revenue, registers 32,888 data controllers

    Nigeria’s Data Protection Commission generates N1.4 billion in revenue, registers 32,888 data controllers

    The Nigeria Data Protection Commission (NDPC) has generated N1.4 billion in revenue, according to National Commissioner Dr Vincent Olatunji, who disclosed the figures in a keynote address at the R.I.S.K Dubai 2024 Conference.

    The event was held at the Dubai International Financial Centre, Dubai, between December 10 and 11, 2024.

    In the speech titled, “Implementing a Data Protection Law: The Nigerian Experience,” Olatunji added that considering that the compliance rate is barely six percent, the NDPC has registered 32,888 data controllers and processors of major importance and received 4,701 audit reports.

    Read also: Nigeria’s NDPC partners with Dubai’s DIFCA to ease cross-border data transfers

    Nigeria’s noteworthy milestone in data security 

    In his remarks, Dr Olatunji highlighted Nigeria’s noteworthy advancements in data security, especially the Nigeria Data Protection Act (NDP Act), 2023. He also announced the development and approval of the NDPC’s 2023–2027 Strategic Roadmap and Action Plan, which is expected to shape the future of data protection in the country.

    A major highlight of the Commission’s international efforts was the recent Memorandum of Understanding (MoU) signed with global tech giant Huawei Technologies in China and the Office of the Privacy Commissioner in Canada. The NDPC has also partnered with several Ministries, Departments, and Agencies in Nigeria to further strengthen data protection efforts.

    Other data protection authorities have imitated the Commission’s adoption of a Public-Private Partnership model in Nigeria.

    Nigeria’s Data Protection Commission has trained over 1,500 data protection officers 

    The commission has trained more than 1,500 Data Protection Officers (DPOs) in a variety of industries, registered 234 Data Protection Compliance Organisations (DPCOs), and created the National Certification Body to certify DPOs using this model.

    Read also: NIGCOMSAT explores French partnership to boost Nigeria’s space technology

    Additionally, Nigeria was granted the esteemed opportunity to host the 2025 Network of Africa Data Protection Authorities (NADPA) Conference and Annual General Meeting under the direction of the NDPC.

    To overcome the obstacles of the low compliance rate of the Data Protection Act, he emphasised the necessity of strong enforcement procedures, efficient data protection procedures, and international collaboration.

    Dr Olatunji reiterated Nigeria’s commitment to balancing innovation with privacy rights, aiming to defend the rights of data subjects while positioning Nigeria as a leader in data protection across Africa.

    In conclusion, he reiterated that Nigeria wants to balance innovation and privacy while defending the rights of data subjects and establishing herself as an African leader in data protection.

  • Ethio Telecom, Djibouti Telecom, and Sudatel Telecom partner to launch Fibre Initiative to connect Africa to Europe, Asia

    Ethio Telecom, Djibouti Telecom, and Sudatel Telecom partner to launch Fibre Initiative to connect Africa to Europe, Asia

    Ethio Telecom, Djibouti Telecom, and Sudatel Telecom Group signed a Memorandum of Understanding (MoU) for the Horizon Fibre Initiative on Tuesday, marking a historic collaboration. By creating effective communication channels between the Horn of Africa and areas in Europe and Asia, this ambitious initiative seeks to improve digital connections across Africa.

    The collaboration, which focuses on building a multi-terabit, redundant terrestrial fibre optic link, represents a substantial shift in regional and global digital infrastructure. Africa’s digital transformation is anticipated to be greatly aided by this new infrastructure, which is intended to offer quicker and more dependable connectivity.

    Read also: Ethio telecom expands 5G network to 15 towns across Ethiopia

    Technical team working together on the Horizon Fibre Initiative 

    A technical team comprising representatives from the three telecom carriers has been working together on the Horizon Fibre Initiative since June 2024.

    After completing a thorough feasibility analysis, the group addressed current issues and produced suggestive ideas for the project’s advancement.

    The partners want to start services by April 2025, and they expect to finalise the contract by January 2024.

    Through the Horizon Fibre Initiative, Ethio Telecom, Djibouti Telecom, and Sudatel Telecom Group will pool their resources and technical know-how to optimise data transfer through a streamlined network.

    Horizon Fiber Initiative to improve communication 

    It is anticipated that the network upgrades will improve communication between consumers and businesses, lowering latency and expanding access to high-speed services.

    The Horizon Fibre project provides a new outlook on connectivity by addressing some of the enduring issues related to undersea cables, especially in the Red Sea.

    Historically, some problems, including environmental conditions and even sabotage, have caused disruptions to submarine cables, necessitating expensive repairs and service interruptions.

    However, the new terrestrial fibre network that links Ethiopia, Sudan, and Djibouti offers a more affordable, easily maintained, and robust option.

    As this project develops, it has the potential to completely transform regional and worldwide telecommunications by providing a reliable, low-latency network that connects Africa to important global markets.

    These developments will not only spur economic expansion but also foster regional cooperation and creativity, allowing companies to thrive in an environment enabled by technology.

    Read also: Algérie Télécom set to launch Africa’s first 1.2 Gbps high-speed Internet in Algeria

    Leaders of the telecom companies express enthusiasm 

    The leaders of the corresponding telecom firms affirmed their commitment to the project.

    Representatives from Ethio Telecom emphasised the initiative’s compatibility with the Africa Digital Transformation Strategy 2030 and its potential influence on the continent’s economic growth.

    Mohamed Assoweh Bouh, Director General of Djibouti Telecom, acknowledged the project as a significant step towards better digital connectivity and regional cohesion.

    Sudatel Telecom Group, meanwhile, emphasised Sudan’s strategic location and dedication to improving connectivity across the region.

    These telecom titans’ commitment to closing the digital divide and advancing Africa’s transition to a more connected and inclusive future is embodied in the Horizon Fibre Initiative.

    Africa is poised to become a major force in the global digital environment due to improved connectivity.

  • NAICOM, NDPC commit to advancing data privacy standards in Nigerian insurance sector

    NAICOM, NDPC commit to advancing data privacy standards in Nigerian insurance sector

    The National Insurance Commission (NAICOM) and the Nigeria Data Protection Commission (NDPC) have signed a Memorandum of Understanding (MoU) to strengthen their collaboration in enhancing data privacy and protection in Nigeria.

    The MoU, signed by Dr Vincent Olatunji, the National Commissioner/CEO of NDPC, and Olusegun Ayo Omosehin, the Commissioner for Insurance/CEO of NAICOM, took place at the NAICOM office in Abuja. Announced by the NDPC on LinkedIn, the agreement is a significant step forward in the agencies’ shared mission to promote data privacy in Nigeria.

    In his statement, Dr Olatunji highlighted that this collaboration marked “another milestone” in NDPC’s efforts to deepen data privacy standards across the nation. The partnership is already underway, building on previous engagements, including a courtesy visit.

    “This is another milestone in our mandate of deepening data privacy in Nigeria,” said NDPC CEO.

    Read also: Lagos govt deploys technology to gauge building strength and safety averting collapse risks

    NDPC to educate NAICOM employees on data protection 

    NDPC will educate NAICOM staff on data protection practices and engage with CEOs from insurance companies to stress the importance of privacy and data security within the insurance sector. Dr Olatunji also proposed the formation of an implementation committee to monitor the progress of the MoU, praising Omosehin’s private-sector expertise.

    Dr Olatunji praised Omosehin for his efforts to enhance the insurance industry, pointing out his invaluable private sector experience.

    Omosehin informed the Commission of NAICOM’s dedication to maintaining data privacy standards in the insurance industry and thanked Dr. Olatunji for his interactions with industry players.

    “The MoU we are signing today is the outcome of a very elaborate engagement between the two agencies

    On the part of NAICOM, we are committed to data protection principles,” the NAICOM CEO noted.

  • Ghana, Gambia partners to implement ECOWAS Free Roaming Initiative, to reduce cross-border communication costs

    Ghana, Gambia partners to implement ECOWAS Free Roaming Initiative, to reduce cross-border communication costs

    Ghana has entered an agreement with the Gambia through the collaboration of Ghana’s Ministry of Communications and Digitalisation, Mobile Network Operators (MNOs), and the National Communications Authority (NCA) to implement the ECOWAS Free Roaming initiative.

    This program seeks to lower the cost of telecommunications services for persons travelling between Ghana and The Gambia thereby enhancing seamless communication and the development of stronger social and economic linkages.

    A Memorandum of Understanding (MOU) was signed on November 21, 2024, marking the end of the meeting, which began on November 19, 2024.

    Read also: Hackathon: NITDA, ECOWAS empower West African youths to protect continent’s cyberspace

    This will allow MNOs to begin technical and regulatory discussions that will ultimately result in the implementation and launch of the ECOWAS Roaming Regulations later in the first half of 2025.

    Ghana’s commitment to implement ECOWAS Free Roaming Initiative 

    This agreement demonstrates the NCA’s continued dedication to regional integration and consumer protection in the telecom industry.

    The Significant Market Power (SMP) Regulations, SIM Registration, Mobile Number Portability (MNP), and Billing Feedback Messages are just a few of the consumer protection measures that the NCA has led throughout the years.

    The implementation of the UMTS 900 frequency, Billing Verification Systems, NCA CERT, and technological neutrality are among the other significant initiatives that highlight the Authority’s dedication to upholding the NCA Act’s guarantees of consumer rights.

    The NCA’s Deputy Director General (Technical Operations), Prof Ezer Osei Yeboah-Boateng, who led the Ghana delegation, underlined in his opening remarks that the meeting is a significant step towards regional integration.

    He mentioned Ghana’s initiative to advance regional connectivity, pointing to the country’s current bilateral roaming agreements with Benin, Togo, and Côte d’Ivoire.

    ‘This collaboration with The Gambia marks the next phase in extending affordable telecom services across the region’, he said.

    ECOWAS Free Roaming Initiative to unify West Africa beyond cutting costs 

    Beyond only cutting expenses, Prof. Yeboah-Boateng emphasised that the collaboration represents a shared determination to build a West Africa where communication is smooth, inclusive, and promotes unity, tourism, and economic prosperity.

    At the meeting, Solo Sima, the Deputy Director General of the Gambia Public Utilities Regulatory Authority (PURA), expressed hope that the ECOWAS Free Roaming Initiative would play a major role in tying Africa together and generating jobs and economic prospects.

    He asked regulators to keep agreements flexible and customer-focused while taking into account the effects of new technologies like 5G.

    Read also: Ghana signs ECOWAS free roaming agreement with Togo, Bènin

    Ghana’s ECOWAS Free Roaming Agreements with other countries

    Ghana, Benin, and Togo currently have an agreement in place under the ECOWAS Free Roaming Regulations.

    This makes it possible for residents of these nations to take advantage of reasonably priced telecom services when they travel across borders.

    Benefits of ECOWAS Free Roaming Initiative 

    Citizens of the countries bound by the ECOWAS Free Roaming Agreements can now enjoy the following:

    Affordable rates: In these nations, residents can now enjoy local rates for voice and SMS calls, doing away with expensive roaming fees.

    Free Call Reception: Roaming fees for call reception have been eliminated, so receiving calls from both domestic and foreign locations is free.

    Internet at Local Rates: Ghanaians can now use the internet at the same prices as people in Benin, Togo, Côte d’Ivoire and vice versa.

    By extending these advantages to citizens travelling between Ghana and The Gambia, the agreements in Gambia will further foster regional cooperation and improve affordability for everybody.

  • Ecobank partners TransferTo to enhance digital payments in Africa following Nium partnership

    Ecobank partners TransferTo to enhance digital payments in Africa following Nium partnership

    Ecobank Transnational Incorporated has announced another strategic partnership with TransferTo company. This is coming days after the company collaborated with Nium to enhance cross-border transactions in Africa. Ecobank GCEO Jeremy Awori and TransferTo CEO Peter De Caluwe signed the Memorandum of Understanding (MoU) during the Singapore FinTech Festival held last week.

    While announcing this partnership on its LinkedIn page on Tuesday, the pan-African bank noted that the partnership aims to enable millions more Africans to have access to digital products, credit, and seamless cross-border payments.

    Through TransferTo’s subsidiaries – Thunes, Ezra, DT One, and Tookitaki, Ecobank will provide quick and safe financial solutions to strengthen marginalised communities and link Africa’s economies with the rest of the globe.

    Read also: Ecobank partners Nium to enhance cross-border transactions in Africa

    “As we advance into our transformation agenda, this partnership is another important milestone achieved in our commitment to leverage our pan-African payment platform to drive financial inclusion and transform the African financial landscape,” stated Ecobank.

    On Monday, Ecobank Transnational Incorporated announced that it signed an agreement with Nium, a global fintech company that specialises in cross-border payments, to provide real-time payment capabilities in 35 African markets.

    The agreement, which will enable 35 Sub-Saharan African nations to have access to smooth, effective international transactions, was signed last week by the Group CEO of Ecobank, Jeremy Awori and EVP of Nium, Anupam Pahuja, at the Singapore Fintech Festival.

    About Ecobank Transnational Incorporated 

    Ecobank Transnational Incorporated (ETI) is the parent company of the Ecobank Group, a top independent pan-African banking firm.

    With over 14,000 employees, the Ecobank Group provides consumer, business, and corporate banking services to about 20 million clients in 35 African nations.

    In addition to representative offices in Addis Ababa, Ethiopia; Johannesburg, South Africa; Beijing, China; London, the United Kingdom; and Dubai, the United Arab Emirates, the Group holds a banking licence in France.

    Bank and deposit accounts, loans, cash management, advising, trading, securities, wealth, and asset management are all among the comprehensive banking products, services, and solutions that the Group provides.

    ETI is listed on the Bourse Régionale des Valeurs Mobilières in Abidjan, the Ghana Stock Exchange in Accra, and the Nigerian Stock Exchanges in Lagos.

    Read also: Ria and Ecobank simplify money transfers and increase financial inclusion in Uganda

    About TransferTo 

    TransferTo is a consortium of top technology firms that drive smart fintech solutions globally. The company offers innovative financial services.

    It addresses intricate problems with an emphasis on developing markets, facilitating everyone’s access to and involvement in the economy.

    It connects communities in more than 160 countries while operating worldwide and with in-depth local understanding.

    The top mobile operators, digital wallets, mega applications, and marketplaces in the globe are among its clients.

    Its brands facilitate value transfers, buy now, pay later experiences, and smooth payments inside its interfaces.

  • NPDC makes influencer Eniola Adeoluwa ambassador to raise data protection awareness

    NPDC makes influencer Eniola Adeoluwa ambassador to raise data protection awareness

    The Nigeria Data Protection Commission (NDPC) has partnered with social media influencer Enioluwa Adeoluwa to raise awareness on data protection and privacy among young people.

    Dr Vincent Olatunji, the National Commissioner/CEO of the Nigeria Data Protection Commission on Thursday emphasised the significance of data protection and privacy noting that at least 40 million Nigerians use social media on a regular basis.

    Read also: Safaricom denies releasing customers’ data to the police

    Nigerians to understand their rights to privacy through the MoU agreement

    The commission, according to Dr Olatunji, enlisted Eniola, a popular face among Gen Zs, to raise awareness of data protection and privacy in Nigeria, particularly to help people understand their rights to privacy and to ensure data controllers and processors understand their responsibilities.

    He explained that the collaboration will educate the public about the Commission’s role through Enioluwa’s large social media following. The influencer has 2.6 million followers on Instagram and nearly 300,000 followers on X.

    In his remarks, the social media influencer said that he was excited to work with the commission and contribute to national development.

    “Today, I am honoured to become the first ambassador of the Nigeria Data Protection Commission- NDPC. I am always grateful for the opportunity to use my platform positively and to help make my country a better place for its people,” Eniola stated.

    The influencer said he would cover the cost of internet services for a state institution that does not currently have any, as a way of supporting data privacy and giving back to the community.

    “My collaboration with the Nigeria Data Protection Commission- NDPC is also a way of giving back to my people. I’ll be promoting the importance of data protection and privacy,” he explained.

    “My payment will go towards providing internet access for the students of a state-owned university that currently has none,” he noted.

    Read also: Digital divide: 76% of Ethiopians lack access to internet, says report

    About Nigeria Data Protection Commission (NPDC )

    President Bola Tinubu signed the Nigeria Data Protection Act, which created the Commission, into law on June 12, 2023. The Commission has been actively trying to make sure that every Nigerian is aware of their right to privacy, under the direction of Dr. Olatunji.

    The Nigeria Data Protection Commission is established under the Act to regulate the processing of personal data and to create a legal framework for the protection of personal data, among other things.