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Lagos to host Biannual Africa Fintech Summit for the first time in November

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Africa’s premier fintech event, the Africa Fintech Summit, will be held for the first time in Lagos, Nigeria, on November 8-9, 2018. This event comes on the heels of the earlier edition in Washington D.C. which featured leading policy makers, c-suite business executives, start-ups, and investors.

The Summit, organized by Dedalus Global, gathers innovators, investors, policy makers and other key stakeholders in the Fintech sector to discuss technologies transforming finance on the continent, debate regulatory policies, compare best practices, and forge new ventures.

Speaking on the decision to bring the Summit to Lagos, the Chairman of the Summit, Leland Rice, said, “Lagos is an ideal host city; it’s an epicenter of Africa’s fintech revolution and the driving force behind the continent’s entrepreneurial spirit. The successes of companies such as Paga, Flutterwave, Mines.io, and Paystack have strategically positioned Lagos as the destination of choice for investors.”

“The first edition of the Summit in D.C. was a launch pad for several milestone fintech deals struck among its delegates in the months after the event. We plan to build on these successes in Lagos, with a focus on bringing innovators and policy makers together to move the needle on fintech regulation and bringing founders and investors together to facilitate further capital raises,” added Leland.

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The two-day event will feature investor missions from the US, UK, and UAE, an Alpha Expo featuring the most exciting startups and entrepreneurs in Nigeria, a half-day blockchain masterclass, and an awards ceremony.

Reacting to the decision to host the Summit in Lagos, the Senior Special Assistant to the President on Technology, Lanre Osibona, stated, “This reflects the progress Nigeria is making in the areas of technology and financial services. The event is very important as it comes at the heels of the Vice President Osinbajo’s trip to Silicon Valley to promote Nigeria’s tech sector. We look forward to collaborating with the organizing committee and to a successful event in Lagos.”

In similar vein, Tayo Oviosu, the founder of Paga—a payment company that recently raised $10 million in Series B2 funding—said that “the Africa Fintech Summit in Washington D.C. provided valuable insights into the fintech space and connected me with key players in the industry. I look forward to the Lagos edition.”

Speakers lined up for the event include Chief Economist of PwC Nigeria, Dr. Andrew S. Nevin; Managing General Partner of EchoVC, Eghosa Omoigui; CEO of Diamond Bank, Uzoma Dozie; Founder of Flutterwave, Iyinoluwa Aboyeji; and CEO of PayStack, Shola Akinlade, whose company recently raised $8 million Series A funding

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NIGERIA: Governors Arrive Abuja For NGF Meeting

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Governors from different parts of the country have arrived at the  Nigeria Governors’ Forum secretariat in Abuja for a meeting.

During the meeting, as reliably gathered,  the governors are expected to discuss the agenda for the next Federal Executive Council meeting and Local Government Funding, among other issues.

In attendance is the chairman of the forum and the Ekiti State Governor Kayode Fayemi, his deputy and Sokoto State Governor, Aminu Tambuwal.

Others are Benue State Governor Samuel Ortom; Anambra State Governor Willie Obiano; Jigawa State Governor Abubakar Badaru;  Akwa Ibom Udom Emmanuel; Delta State Ifeanyi Okowa; Adamawa Umaru Fintiri

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Makinde lauds IUFMP initiative , promises to end flooding in Oyo

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Governor Seyi Makinde of Oyo state has expressed the readiness of his government to take proactive measures that would help put an end to flooding in the State.

Governor Makinde, who was represented by the Secretary to the State Government, Mrs. Olubamiwo Adeosun, made the pledge at the closing ceremony of the workshop on Ibadan flood forecast, early warning and implementation support programme held in the state capital, on Wednesday.

The Governor assured that his government would readily support the implementation of the Ibadan Urban Flood Management and other ongoing intervention projects in the state.

Contained in a statement signed by the Chief Press Secretary to the Governor, Mr. Taiwo Adisa, the Governor, commended the IUFMP on the flood forecast initiative, which he said: “will furnish our people with prior alerts about impending flood disasters”.

He stressed  that it was that a scientific initiative that would alert the people of the possibility of a looming flood disaster was being launched.

Governor Makinde, also described the Ibadan Urban Flood Management Project (lUFMP) as a people-oriented project set up to change the narrative of incessant and ravaging flood disasters, adding that the project was in consonance with his campaign promises.

The statement added that the Governor had at earlier meetings with the IUFMP team given assurances that Government would take necessary steps to protect the people while charging that the stakeholders on the project to ensure that all hands were on deck to achieve the effective implementation of the initiative.

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“Beyond building bridges, culverts, drain lines, and access roads which are on their own crucial towards ensuring the good life, we as a government also have a duty to give full support to the implementation of the IUFMP initiative that will furnish our people with prior alerts about impending flood disasters.

“This will enable our people to take proactive steps for the preservation of lives and properties. This is a step in the right direction and it will continue to enjoy maximum support of the State Government.

“It is pertinent that we are able to x-ray the factors that can ultimately protect our people from vulnerability to flooding, through adequate knowledge building and information flow on impending flooding and looming dangers. Such information, readily disseminated well ahead of time will save lives.
“I have been told that this workshop, which started yesterday is a two-day programme aimed at sensitising State officials, key stakeholder-agencies and representatives of communities situated along with flood-prone areas, while also informing high-level office-holders about the project,” the Governor said.
Governor Makinde further stated that the State would be expecting value for its investment in the project, which he noted should be in terms of “immediate gains in the area of safety of lives and properties, as well as measurable capacity building for our homegrown technocrats and public servants who would be required to sustain the initiative, post-IUFMP.”

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Governor Makinde, however called on the operators of the project to ensure that the advantages of the project were transferred to other communities in the state through a form of knowledge transfer.

“As I have assured officials of the IUFMP before now, our government will continue to provide enabling environment for the success of other intervention works being carried out at different locations/communities within Ibadan. We expect that all such projects are delivered on schedule to enable our people reap the benefits,” the Governor submitted.

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Terrorists Kill Five Soldiers In Mali

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No fewer than five troops were killed in central Mali on Wednesday when their convoy was ambushed by jihadists, the armed forces confirmed.

The army on its Twitter feed said that the attack occurred on a road between the villages of Boni and Hombori.

“FAMA (the Malian armed forces) suffered five dead. Equipment was also destroyed,” it said.

A local official said gunfire was heard and another said “the jihadists… burned at least two military vehicles. At least two soldiers were also wounded.”

Northern Mali fell into the hands of jihadists in 2012 before the rebels were forced out by a French-led military intervention.

However, much of the region remains chronically unstable and since 2015 violence has spread to the centre of the country.

AFP

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